IFB Industries Ltd

IFB Industries Ltd

₹ 1,610 4.86%
10 Jun - close price
About

IFB Industries Limited originally known as Indian Fine Blanks Limited started its operations in India in 1974 in collaboration with Heinrich Schmid AG of Switzerland. [1] It is engaged in the business of manufacturing diverse parts and accessories for motor vehicles etc. and home appliances products. [2]

Key Points

Business Segments 9M FY25
1) Home Appliances (80%): [1] The company offers domestic washing machines, industrial washing systems (including dry cleaning and other finishing equipment like ironers, etc), microwave ovens, domestic and industrial dishwashers, clothes dryers, modular kitchens, kitchen appliances (hobs, chimneys, and built-in ovens), air conditioners (AC) and also a range of service products. The segment revenue grew by 13% YoY in 9M FY25, driven by higher sales of ACs. [2]

  • Market Cap 6,526 Cr.
  • Current Price 1,610
  • High / Low 2,360 / 1,054
  • Stock P/E 50.7
  • Book Value 212
  • Dividend Yield 0.00 %
  • ROCE 19.6 %
  • ROE 16.3 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 37.3% CAGR over last 5 years

Cons

  • Stock is trading at 7.60 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 10.1% over last 3 years.

* 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

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
884 1,045 1,097 977 985 1,055 1,068 1,133 1,055 1,237 1,177 1,228 1,300
896 1,011 1,028 948 957 1,022 999 1,070 1,012 1,158 1,110 1,142 1,242
Operating Profit -11 34 70 29 28 33 69 63 43 79 66 86 58
OPM % -1% 3% 6% 3% 3% 3% 6% 6% 4% 6% 6% 7% 4%
4 4 4 4 9 8 6 7 11 7 13 4 11
Interest 8 7 7 7 8 7 7 7 7 5 4 8 7
Depreciation 29 28 29 30 33 30 30 31 31 29 30 37 33
Profit before tax -44 3 38 -3 -3 4 38 32 16 52 45 45 29
Tax % -35% 36% 37% -60% 125% 26% 25% 27% 15% 26% 25% 23% 24%
-29 2 24 -1 -8 3 29 24 14 39 33 34 22
EPS in Rs -7.04 0.49 5.97 -0.34 -1.86 0.65 7.08 5.85 3.42 9.59 8.22 8.48 5.50
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,021 1,262 1,501 1,741 2,152 2,538 2,551 2,731 3,339 4,104 4,312 4,942
975 1,174 1,431 1,636 1,991 2,412 2,431 2,533 3,295 3,943 4,091 4,653
Operating Profit 46 87 70 104 161 126 121 199 44 161 221 290
OPM % 4% 7% 5% 6% 7% 5% 5% 7% 1% 4% 5% 6%
8 15 13 13 15 32 14 32 28 26 22 35
Interest 2 3 3 5 6 7 16 33 34 33 30 24
Depreciation 23 41 45 44 51 55 89 100 113 119 122 129
Profit before tax 29 59 35 68 119 96 30 97 -77 34 90 171
Tax % 26% 16% 11% 19% 30% 23% 6% 36% -33% 50% 24% 25%
22 50 31 55 83 74 28 62 -51 17 69 129
EPS in Rs 5.33 12.27 7.74 13.61 20.55 18.25 6.91 15.36 -12.64 4.25 17.00 31.79
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 15%
5 Years: 14%
3 Years: 14%
TTM: 15%
Compounded Profit Growth
10 Years: 12%
5 Years: 37%
3 Years: 65%
TTM: 87%
Stock Price CAGR
10 Years: 14%
5 Years: 32%
3 Years: 21%
1 Year: 9%
Return on Equity
10 Years: 8%
5 Years: 7%
3 Years: 10%
Last Year: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 41 41 41 41 41 41 41 41 41 41 41 41
Reserves 296 346 377 430 509 579 606 646 596 615 685 817
48 34 16 28 22 14 344 285 357 348 162 249
256 350 357 381 510 569 622 884 1,004 1,067 1,275 1,243
Total Liabilities 641 771 791 881 1,082 1,204 1,614 1,857 1,999 2,072 2,163 2,350
226 273 274 305 294 313 570 626 672 669 606 673
CWIP 15 6 24 14 7 22 8 20 13 20 15 10
Investments 37 52 17 63 126 61 186 282 251 210 311 321
364 441 477 499 655 808 849 928 1,062 1,172 1,230 1,346
Total Assets 641 771 791 881 1,082 1,204 1,614 1,857 1,999 2,072 2,163 2,350

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
21 82 49 93 118 50 165 298 45 107 349 103
-36 -90 -21 -104 -91 -31 -362 -186 -26 -7 -140 -89
37 -15 -21 9 -10 -10 228 -119 -50 -93 -183 -22
Net Cash Flow 21 -23 7 -2 17 8 31 -6 -31 7 27 -8

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 26 26 28 29 29 30 26 33 32 35 37 30
Inventory Days 97 115 91 85 94 97 94 110 104 83 77 81
Days Payable 88 116 96 95 111 102 111 153 145 119 138 113
Cash Conversion Cycle 34 24 23 19 12 25 10 -10 -9 -1 -25 -1
Working Capital Days 17 14 15 11 16 20 15 1 1 7 -6 21
ROCE % 9% 13% 7% 15% 22% 14% 5% 13% -4% 7% 13% 20%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
74.96% 74.96% 74.96% 74.96% 74.96% 74.96% 74.96% 74.96% 74.96% 74.96% 74.96% 74.96%
0.61% 0.62% 0.64% 0.63% 1.84% 0.65% 0.70% 0.75% 0.83% 1.11% 0.91% 1.06%
4.14% 3.96% 4.23% 4.18% 4.18% 4.43% 3.57% 6.59% 6.74% 6.70% 6.80% 6.41%
20.29% 20.46% 20.16% 20.22% 19.02% 19.96% 20.77% 17.71% 17.46% 17.22% 17.33% 17.57%
No. of Shareholders 26,13824,57125,31725,87526,82526,99126,73126,08028,24030,84231,35035,673

* 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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