IFB Agro Industries Ltd

About [ edit ]

IFB Agro Industries is engaged in the business of manufacturing alcohol, bottling of branded alcoholic beverages as well as processed marine foods both for domestic and export markets.

  • Market Cap 545 Cr.
  • Current Price 582
  • High / Low 674 / 260
  • Stock P/E 11.6
  • Book Value 482
  • Dividend Yield 0.00 %
  • ROCE 13.8 %
  • ROE 11.2 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 2.23% over past five years.
  • Company has a low return on equity of 8.95% for last 3 years.
  • Debtor days have increased from 33.44 to 54.57 days.
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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
274 271 206 174 217 298 251 195 95 208 200 191
255 251 198 174 212 278 247 199 97 187 180 174
Operating Profit 19 21 8 -0 5 21 4 -4 -2 20 21 17
OPM % 7% 8% 4% -0% 2% 7% 2% -2% -2% 10% 10% 9%
Other Income 3 1 5 4 3 2 3 3 4 3 6 3
Interest 1 1 1 0 0 1 0 0 0 0 0 0
Depreciation 4 5 5 5 4 4 5 4 4 4 4 4
Profit before tax 16 16 7 -2 4 18 2 -6 -2 20 23 17
Tax % 27% 30% 44% 427% 18% 18% -147% 91% 10% 14% 26% 14%
Net Profit 12 12 4 6 3 14 6 -1 -1 17 17 14
EPS in Rs 12.62 12.29 4.26 6.28 3.62 15.42 6.59 -0.59 -1.53 18.07 18.24 15.38

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
271 450 585 462 507 584 621 840 889 925 963 694
278 415 536 415 462 555 569 789 831 878 936 637
Operating Profit -7 35 49 48 45 30 52 51 58 47 26 56
OPM % -3% 8% 8% 10% 9% 5% 8% 6% 7% 5% 3% 8%
Other Income 24 1 2 3 25 15 7 12 10 13 11 16
Interest 2 2 0 0 0 0 1 2 3 3 2 0
Depreciation 9 8 13 11 9 19 22 20 21 19 18 15
Profit before tax 6 26 38 39 60 26 36 41 44 38 18 58
Tax % 32% 32% 30% 33% 31% 40% 19% 21% 28% 12% -30% 19%
Net Profit 4 18 27 26 42 16 29 33 32 33 23 47
EPS in Rs 5.52 22.26 33.16 29.09 44.50 16.62 31.31 34.89 33.70 35.45 25.06 50.18
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:4%
5 Years:2%
3 Years:-8%
TTM:-28%
Compounded Profit Growth
10 Years:10%
5 Years:12%
3 Years:14%
TTM:99%
Stock Price CAGR
10 Years:23%
5 Years:8%
3 Years:-2%
1 Year:101%
Return on Equity
10 Years:11%
5 Years:10%
3 Years:9%
Last Year:11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
8 8 8 9 9 9 9 9 9 9 9 9
Reserves 61 79 105 149 197 212 242 294 335 365 378 442
Borrowings 31 2 0 0 4 0 50 43 31 20 1 1
46 49 51 28 46 54 66 68 81 66 59 80
Total Liabilities 147 138 164 186 256 276 367 414 457 461 447 532
67 71 78 72 97 118 145 141 135 135 123 120
CWIP 1 0 1 2 21 1 0 2 6 2 4 10
Investments 3 3 3 3 8 3 91 146 135 118 106 65
76 64 83 109 130 154 131 126 181 206 214 336
Total Assets 147 138 164 186 256 276 367 414 457 461 447 532

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-1 34 26 20 42 29 36 49 7 46 1 38
-4 -11 -18 -6 -49 -16 -129 -47 13 -0 -6 47
17 -29 -2 18 11 -4 49 -8 -15 -15 -22 -0
Net Cash Flow 12 -6 5 31 4 9 -44 -5 5 30 -27 85

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 9% 30% 37% 29% 20% 11% 13% 13% 13% 11% 5% 14%
Debtor Days 14 9 12 5 7 17 23 18 26 21 25 55
Inventory Turnover 7.75 9.08 9.52 9.93 14.44 14.07 10.73 14.02 12.74 11.06 9.78 5.91

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
65.00 65.00 65.00 65.00 65.00 65.00 65.00 65.00 65.00 65.00 65.00 65.00
0.16 0.16 0.16 0.16 0.16 0.16 0.16 0.16 0.16 0.16 0.00 0.16
1.12 1.12 1.12 1.13 1.14 1.16 1.15 1.15 1.12 1.12 1.28 1.12
33.72 33.72 33.72 33.71 33.70 33.68 33.69 33.69 33.72 33.72 33.72 33.72

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