IFB Agro Industries Ltd
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 ₹ 398 Cr.
- Current Price ₹ 425
- High / Low ₹ 625 / 144
- Stock P/E 12.4
- Book Value ₹ 435
- Dividend Yield 0.00 %
- ROCE 5.10 %
- ROE 6.19 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.98 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 10.51% over past five years.
- Tax rate seems low
- Company has a low return on equity of 8.30% for last 3 years.
- Earnings include an other income of Rs.15.75 Cr.
Peer comparison
Sector: Alcoholic Beverages Industry: Breweries & Distilleries
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
179 | 274 | 271 | 206 | 174 | 217 | 298 | 251 | 195 | 95 | 208 | 200 | |
166 | 255 | 251 | 198 | 174 | 212 | 278 | 247 | 199 | 97 | 187 | 180 | |
Operating Profit | 13 | 19 | 21 | 8 | -0 | 5 | 21 | 4 | -4 | -2 | 20 | 21 |
OPM % | 7% | 7% | 8% | 4% | -0% | 2% | 7% | 2% | -2% | -2% | 10% | 10% |
Other Income | 4 | 3 | 1 | 5 | 4 | 3 | 2 | 3 | 3 | 4 | 3 | 6 |
Interest | 1 | 1 | 1 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
Depreciation | 6 | 4 | 5 | 5 | 5 | 4 | 4 | 5 | 4 | 4 | 4 | 4 |
Profit before tax | 10 | 16 | 16 | 7 | -2 | 4 | 18 | 2 | -6 | -2 | 20 | 23 |
Tax % | 27% | 27% | 30% | 44% | 427% | 18% | 18% | -147% | 91% | 10% | 14% | 26% |
Net Profit | 7 | 12 | 12 | 4 | 6 | 3 | 14 | 6 | -1 | -1 | 17 | 17 |
EPS in Rs | 8.00 | 12.62 | 12.29 | 4.26 | 6.28 | 3.62 | 15.42 | 6.59 | -0.58 | -1.53 | 18.07 | 18.23 |
Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
276 | 271 | 450 | 585 | 462 | 507 | 584 | 621 | 840 | 889 | 925 | 963 | 699 | |
256 | 278 | 415 | 536 | 415 | 462 | 555 | 569 | 789 | 831 | 878 | 936 | 663 | |
Operating Profit | 20 | -7 | 35 | 49 | 48 | 45 | 30 | 52 | 51 | 58 | 47 | 26 | 35 |
OPM % | 7% | -3% | 8% | 8% | 10% | 9% | 5% | 8% | 6% | 7% | 5% | 3% | 5% |
Other Income | 8 | 24 | 1 | 2 | 3 | 25 | 15 | 7 | 12 | 10 | 13 | 11 | 16 |
Interest | 2 | 2 | 2 | 0 | 0 | 0 | 0 | 1 | 2 | 3 | 3 | 2 | 0 |
Depreciation | 7 | 9 | 8 | 13 | 11 | 9 | 19 | 22 | 20 | 21 | 19 | 18 | 16 |
Profit before tax | 20 | 6 | 26 | 38 | 39 | 60 | 26 | 36 | 41 | 44 | 38 | 18 | 35 |
Tax % | 34% | 32% | 32% | 30% | 33% | 31% | 40% | 19% | 21% | 28% | 12% | -30% | |
Net Profit | 13 | 4 | 18 | 27 | 26 | 42 | 16 | 29 | 33 | 32 | 33 | 23 | 32 |
EPS in Rs | 16.30 | 5.52 | 22.26 | 33.16 | 29.09 | 44.50 | 16.62 | 31.31 | 34.89 | 33.70 | 35.45 | 25.06 | 34.19 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 14% |
5 Years: | 11% |
3 Years: | 5% |
TTM: | -26% |
Compounded Profit Growth | |
---|---|
10 Years: | 18% |
5 Years: | 10% |
3 Years: | -10% |
TTM: | 7% |
Stock Price CAGR | |
---|---|
10 Years: | 21% |
5 Years: | 1% |
3 Years: | -9% |
1 Year: | 64% |
Return on Equity | |
---|---|
10 Years: | 11% |
5 Years: | 9% |
3 Years: | 8% |
Last Year: | 6% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Sep 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | |
Reserves | 56 | 61 | 79 | 105 | 149 | 197 | 212 | 242 | 294 | 335 | 365 | 378 | 398 |
Borrowings | 12 | 31 | 2 | 0 | 0 | 4 | 0 | 50 | 43 | 31 | 20 | 1 | 1 |
41 | 46 | 49 | 51 | 28 | 46 | 54 | 66 | 68 | 81 | 66 | 59 | 60 | |
Total Liabilities | 118 | 147 | 138 | 164 | 186 | 256 | 276 | 367 | 414 | 457 | 461 | 447 | 468 |
71 | 67 | 71 | 78 | 72 | 97 | 118 | 145 | 141 | 135 | 135 | 123 | 118 | |
CWIP | 1 | 1 | 0 | 1 | 2 | 21 | 1 | 0 | 2 | 6 | 2 | 4 | 3 |
Investments | 3 | 3 | 3 | 3 | 3 | 8 | 3 | 91 | 146 | 135 | 118 | 106 | 108 |
42 | 76 | 64 | 83 | 109 | 130 | 154 | 131 | 126 | 181 | 206 | 214 | 240 | |
Total Assets | 118 | 147 | 138 | 164 | 186 | 256 | 276 | 367 | 414 | 457 | 461 | 447 | 468 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
26 | -1 | 34 | 26 | 20 | 42 | 29 | 36 | 49 | 7 | 46 | 1 | |
-24 | -4 | -11 | -18 | -6 | -49 | -16 | -129 | -47 | 13 | -0 | -6 | |
-19 | 17 | -29 | -2 | 18 | 11 | -4 | 49 | -8 | -15 | -15 | -22 | |
Net Cash Flow | -17 | 12 | -6 | 5 | 31 | 4 | 9 | -44 | -5 | 5 | 30 | -27 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROCE % | 28% | 9% | 30% | 37% | 29% | 20% | 11% | 13% | 13% | 13% | 11% | 5% |
Debtor Days | 13 | 14 | 9 | 12 | 5 | 7 | 17 | 23 | 18 | 26 | 21 | 25 |
Inventory Turnover | 10.20 | 7.75 | 9.08 | 9.52 | 9.93 | 14.44 | 14.07 | 10.73 | 14.02 | 12.74 | 11.06 | 9.78 |
Documents
Add documentRecent announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 4 Feb
- Announcement under Regulation 30 (LODR)-Meeting Updates 30 Jan
- Disclosure Under Regulation 33 Of SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015. 29 Jan
- Board Meeting Intimation for Approving The Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Nine Months Ended 31St December,2020 Under Regulation 29 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015. 21 Jan
- Shareholding for the Period Ended December 31, 2020 15 Jan
View all
Annual reports
- Financial Year 2020 from bse
- Financial Year 2019 from bse
- Financial Year 2018 from bse
- Financial Year 2017 from bse
- Financial Year 2016 from bse
- Financial Year 2015 from bse
- Financial Year 2014 from bse
- Financial Year 2013 from bse
- Financial Year 2012 from bse
- Financial Year 2012 from nse
- Financial Year 2011 from bse
- Financial Year 2011 from nse
- Financial Year 2010 from bse
- Financial Year 2010 from nse