IFB Agro Industries Ltd

IFB Agro Industries Ltd

₹ 460 1.33%
22 Apr 12:45 p.m.
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

  • Market Cap 431 Cr.
  • Current Price 460
  • High / Low 585 / 411
  • Stock P/E 87.9
  • Book Value 588
  • Dividend Yield 0.00 %
  • ROCE 12.8 %
  • ROE 9.39 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.77 times its book value
  • Debtor days have improved from 31.6 to 15.2 days.
  • Company's working capital requirements have reduced from 56.5 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 6.90% over past five years.
  • Company has a low return on equity of 10.9% over last 3 years.
  • Earnings include an other income of Rs.16.1 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
201.66 193.34 228.56 297.49 257.47 227.93 333.68 406.18 280.68 226.11 231.86 239.24 244.49
181.25 176.28 206.33 273.16 246.78 210.07 313.28 384.85 265.88 209.66 230.48 239.82 249.51
Operating Profit 20.41 17.06 22.23 24.33 10.69 17.86 20.40 21.33 14.80 16.45 1.38 -0.58 -5.02
OPM % 10.12% 8.82% 9.73% 8.18% 4.15% 7.84% 6.11% 5.25% 5.27% 7.28% 0.60% -0.24% -2.05%
6.33 3.47 3.07 4.40 3.45 4.84 4.01 3.80 2.83 4.96 4.79 3.01 3.35
Interest 0.03 0.04 0.04 0.04 0.16 0.42 0.41 0.56 0.56 0.49 0.39 0.45 0.37
Depreciation 3.76 3.74 3.55 3.64 4.28 5.51 4.59 4.69 4.75 4.74 4.79 4.84 5.84
Profit before tax 22.95 16.75 21.71 25.05 9.70 16.77 19.41 19.88 12.32 16.18 0.99 -2.86 -7.88
Tax % 26.06% 13.73% 25.24% 15.53% 11.44% 25.10% 24.27% 19.01% 33.69% 37.21% -91.92% 26.57% 35.91%
16.97 14.45 16.23 21.16 8.59 12.56 14.70 16.10 8.17 10.16 1.90 -2.10 -5.05
EPS in Rs 18.12 15.43 17.33 22.59 9.17 13.41 15.69 17.19 8.72 10.85 2.03 -2.24 -5.39
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
893 945 986 702 1,011 1,247 942
838 900 960 646 936 1,173 929
Operating Profit 55 45 26 55 75 73 12
OPM % 6% 5% 3% 8% 7% 6% 1%
10 13 10 17 16 15 16
Interest 3 3 2 0 1 2 2
Depreciation 21 19 18 15 17 19 20
Profit before tax 41 36 17 57 73 68 6
Tax % 30% 13% -32% 19% 20% 28%
29 31 22 46 59 49 5
EPS in Rs 30.56 33.48 23.69 49.51 62.50 52.45 5.25
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 7%
3 Years: 8%
TTM: -25%
Compounded Profit Growth
10 Years: %
5 Years: 11%
3 Years: 29%
TTM: -90%
Stock Price CAGR
10 Years: 9%
5 Years: 0%
3 Years: 4%
1 Year: -7%
Return on Equity
10 Years: %
5 Years: 10%
3 Years: 11%
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 9 9 9 9 9 9 9
Reserves 332 360 372 435 492 539 541
31 22 1 3 22 19 15
82 69 61 82 67 64 99
Total Liabilities 454 461 444 530 590 632 665
135 135 123 120 145 131 131
CWIP 6 2 4 11 2 7 24
Investments 131 113 101 60 101 110 151
182 211 215 339 342 383 359
Total Assets 454 461 444 530 590 632 665

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
4 42 2 36 105 32
16 1 -6 47 -66 -17
-15 -15 -22 -0 19 -7
Net Cash Flow 6 28 -25 83 59 9

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 26 23 24 55 25 15
Inventory Days 37 34 44 52 35 42
Days Payable 22 19 17 35 19 12
Cash Conversion Cycle 40 38 51 72 40 46
Working Capital Days 33 32 50 81 44 45
ROCE % 10% 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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