IFB Agro Industries Ltd

IFB Agro Inds. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

IFB Agro Industries Ltd

₹ 475 -1.24%
25 Apr - close price
ifbagro.in BSE: 507438 NSE : IFBAGRO
About

Incorporated in 1982, IFB Agro Ltd manufactures Alcohol and Marine products[1]

Key Points

Business Overview:[1]
IFBAL is in the business of manufacturing alcohol, bottling of branded alcoholic beverages, processed marine foods for domestic and export markets and sale of feed

Website BSE NSE
  • Market Cap ₹ 445 Cr.
  • Current Price ₹ 475
  • High / Low ₹ 585 / 411
  • Stock P/E 428
  • Book Value ₹ 587
  • Dividend Yield 0.00 %
  • ROCE 13.2 %
  • ROE 9.70 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.81 times its book value
  • Debtor days have improved from 31.5 to 15.2 days.
  • Company's working capital requirements have reduced from 56.8 days to 44.8 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 6.99% over past five years.
  • Company has a low return on equity of 11.0% over last 3 years.
  • Earnings include an other income of Rs.15.9 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Alcoholic Beverages Industry: Breweries & Distilleries

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
200.48 190.64 228.20 297.36 256.64 227.89 333.61 406.18 280.65 226.02 230.72 239.09 244.49
179.85 173.50 205.82 272.56 245.44 209.07 312.67 384.40 264.86 209.66 233.34 239.60 249.37
Operating Profit 20.63 17.14 22.38 24.80 11.20 18.82 20.94 21.78 15.79 16.36 -2.62 -0.51 -4.88
OPM % 10.29% 8.99% 9.81% 8.34% 4.36% 8.26% 6.28% 5.36% 5.63% 7.24% -1.14% -0.21% -2.00%
6.20 3.33 2.94 4.22 3.32 -2.14 3.89 3.72 2.54 5.22 4.56 2.94 3.20
Interest 0.00 0.02 0.02 0.02 0.16 0.35 0.38 0.53 0.51 0.42 0.37 0.41 0.31
Depreciation 3.76 3.74 3.55 3.64 4.26 5.51 4.59 4.67 4.74 4.74 4.79 4.83 5.84
Profit before tax 23.07 16.71 21.75 25.36 10.10 10.82 19.86 20.30 13.08 16.42 -3.22 -2.81 -7.83
Tax % 25.92% 13.76% 25.20% 15.34% 10.99% 38.91% 23.72% 18.62% 31.73% 36.66% 28.26% 27.05% 36.14%
17.09 14.41 16.27 21.47 8.99 6.61 15.15 16.52 8.93 10.40 -2.31 -2.05 -5.00
EPS in Rs 18.24 15.38 17.37 22.92 9.60 7.06 16.17 17.64 9.53 11.10 -2.47 -2.19 -5.34
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
585 462 507 584 621 840 889 925 963 694 1,010 1,246 940
537 414 462 555 569 789 831 878 936 637 933 1,171 932
Operating Profit 48 49 45 30 52 51 58 47 26 56 77 75 8
OPM % 8% 11% 9% 5% 8% 6% 7% 5% 3% 8% 8% 6% 1%
3 2 25 15 7 12 10 13 11 16 8 15 16
Interest 0 0 0 0 1 2 3 3 2 0 1 2 2
Depreciation 13 11 9 19 22 20 21 19 18 15 17 19 20
Profit before tax 38 39 60 26 36 41 44 38 18 58 68 70 3
Tax % 30% 33% 31% 40% 19% 21% 28% 12% -30% 19% 22% 27%
27 26 42 16 29 33 32 33 23 47 53 51 1
EPS in Rs 33.16 29.09 44.50 16.62 31.31 34.89 33.70 35.45 25.05 50.18 56.94 54.45 1.10
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 10%
5 Years: 7%
3 Years: 9%
TTM: -25%
Compounded Profit Growth
10 Years: 7%
5 Years: 10%
3 Years: 30%
TTM: -98%
Stock Price CAGR
10 Years: 8%
5 Years: 1%
3 Years: 6%
1 Year: -2%
Return on Equity
10 Years: 10%
5 Years: 10%
3 Years: 11%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 8 9 9 9 9 9 9 9 9 9 9 9 9
Reserves 105 149 197 212 242 294 335 365 378 442 493 543 541
0 0 4 0 50 43 31 20 1 1 21 16 14
51 28 46 54 66 68 81 66 59 80 66 64 99
Total Liabilities 164 186 256 276 367 414 457 461 447 532 590 631 663
78 72 97 118 145 141 135 135 123 119 145 131 131
CWIP 1 2 21 1 0 2 6 2 4 11 2 7 24
Investments 3 3 8 3 91 146 135 118 106 65 101 110 154
83 109 130 154 131 126 181 206 214 336 342 383 353
Total Assets 164 186 256 276 367 414 457 461 447 532 590 631 663

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
26 20 42 29 36 49 7 46 1 38 107 34
-18 -6 -49 -16 -129 -47 13 -0 -6 47 -68 -17
-2 18 11 -4 49 -8 -15 -15 -22 -0 19 -7
Net Cash Flow 5 31 4 9 -44 -5 5 30 -27 85 58 11

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 12 5 7 17 23 18 26 21 25 55 25 15
Inventory Days 47 35 23 35 36 27 37 35 45 53 35 42
Days Payable 25 4 7 13 19 19 22 18 17 35 19 12
Cash Conversion Cycle 35 35 23 38 40 27 41 38 53 73 40 46
Working Capital Days 18 33 34 35 31 17 33 32 51 81 44 45
ROCE % 37% 29% 20% 11% 13% 13% 13% 11% 5% 14% 15% 13%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
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% 0.22% 0.38% 0.39% 0.38% 0.29% 0.22% 0.19% 0.20% 0.21% 0.24% 0.16%
1.12% 1.12% 1.12% 1.12% 1.11% 1.12% 1.12% 1.12% 1.12% 1.12% 1.12% 1.12%
33.72% 33.66% 33.50% 33.49% 33.50% 33.58% 33.67% 33.70% 33.69% 33.66% 33.63% 33.72%
No. of Shareholders 11,46311,82411,69312,07312,57012,35412,45312,53212,44112,30912,49012,551

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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