IFB Industries Ltd
₹ 1,631
-1.20%
26 Dec
11:40 a.m.
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] The company operates two businesses--manufacturing of consumer durables and producing fine blank components (part of engineering segment) and goods. It manufactures fine blanking components for two wheelers, four wheelers, heavy vehicles and electrical OEMs. The company has a diversified product portfolio, comprising front- and top-load washing machines, dryers, ACs, microwave ovens, dishwashers, modular kitchens and chimneys.[2]
Key Points
- Market Cap ₹ 6,609 Cr.
- Current Price ₹ 1,631
- High / Low ₹ 2,035 / 1,054
- Stock P/E 50.2
- Book Value ₹ 231
- Dividend Yield 0.00 %
- ROCE 19.8 %
- ROE 16.2 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 37.3% CAGR over last 5 years
Cons
- Stock is trading at 7.04 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
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,021 | 1,262 | 1,501 | 1,741 | 2,152 | 2,538 | 2,551 | 2,731 | 3,339 | 4,104 | 4,312 | 4,942 | 5,149 | |
| 975 | 1,174 | 1,431 | 1,636 | 1,991 | 2,412 | 2,431 | 2,533 | 3,295 | 3,943 | 4,101 | 4,650 | 4,849 | |
| Operating Profit | 46 | 87 | 70 | 104 | 161 | 126 | 121 | 199 | 44 | 161 | 211 | 293 | 300 |
| OPM % | 4% | 7% | 5% | 6% | 7% | 5% | 5% | 7% | 1% | 4% | 5% | 6% | 6% |
| 8 | 15 | 13 | 13 | 15 | 32 | 14 | 32 | 28 | 26 | 32 | 35 | 32 | |
| Interest | 2 | 3 | 3 | 5 | 6 | 7 | 16 | 33 | 34 | 33 | 30 | 27 | 26 |
| Depreciation | 23 | 41 | 45 | 44 | 51 | 55 | 89 | 100 | 113 | 119 | 122 | 129 | 129 |
| Profit before tax | 29 | 59 | 35 | 68 | 119 | 96 | 30 | 97 | -77 | 34 | 90 | 171 | 176 |
| 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 | 132 | |
| 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 | 32.52 |
| 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: | 12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 37% |
| 3 Years: | 65% |
| TTM: | 20% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 8% |
| 3 Years: | 22% |
| 1 Year: | -15% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 41 | 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 | 893 |
| 48 | 34 | 16 | 28 | 22 | 14 | 344 | 285 | 357 | 348 | 162 | 249 | 164 | |
| 256 | 350 | 357 | 381 | 510 | 569 | 622 | 884 | 1,004 | 1,067 | 1,275 | 1,243 | 1,327 | |
| Total Liabilities | 641 | 771 | 791 | 881 | 1,082 | 1,204 | 1,614 | 1,857 | 1,999 | 2,072 | 2,163 | 2,350 | 2,426 |
| 226 | 273 | 274 | 305 | 294 | 313 | 570 | 626 | 672 | 669 | 606 | 671 | 651 | |
| CWIP | 15 | 6 | 24 | 14 | 7 | 22 | 8 | 20 | 13 | 20 | 15 | 12 | 22 |
| Investments | 37 | 52 | 17 | 63 | 126 | 61 | 186 | 282 | 251 | 210 | 311 | 321 | 347 |
| 364 | 441 | 477 | 499 | 655 | 808 | 849 | 928 | 1,062 | 1,172 | 1,230 | 1,346 | 1,405 | |
| Total Assets | 641 | 771 | 791 | 881 | 1,082 | 1,204 | 1,614 | 1,857 | 1,999 | 2,072 | 2,163 | 2,350 | 2,426 |
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 | 137 | 113 |
| Cash Conversion Cycle | 34 | 24 | 23 | 19 | 12 | 25 | 10 | -10 | -9 | -1 | -23 | -1 |
| Working Capital Days | 0 | 4 | 11 | 10 | 16 | 20 | 9 | -10 | -15 | -8 | -12 | -3 |
| ROCE % | 9% | 13% | 7% | 15% | 22% | 14% | 5% | 13% | -4% | 7% | 13% | 20% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
15 Dec - Copies of the newspaper advertisement published on 15th December, 2025 in the newspapers namely -''Business Standard'' - English, and in 'Aajkal' -Bengali, informing the members …
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Announcement under Regulation 30 (LODR)-Acquisition
12 Dec - GAAL formed Schmid Automotive & Appliances GmbH in Switzerland on 10 Dec 2025; GAAL owns 100%, CHF20,000.
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Announcement under Regulation 30 (LODR)-Acquisition
12 Dec - GAAL (IFB subsidiary) incorporated Swiss step-down Schmid Automotive & Appliances GmbH on 10 Dec 2025; 2,000 shares of CHF10.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
22 Nov - Copies of the newspaper advertisement published on 21st November, 2025 in the in newspapers namely -''Business Standard'' - English, and in 'Aajkal' -Bengali, informing the …
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Announcement under Regulation 30 (LODR)-Investor Presentation
12 Nov - In furtherance to our letter dated 7th November, 2025 regarding the audio recording of the investor's earnings call for the quarter and half year ended …
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Concalls
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Nov 2025Transcript PPT
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Nov 2025TranscriptAI SummaryPPT
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Nov 2021TranscriptAI SummaryPPT
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Nov 2020TranscriptAI SummaryPPT
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Nov 2019TranscriptAI SummaryPPT
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Nov 2018TranscriptAI SummaryPPT
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Aug 2018TranscriptAI SummaryPPT
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Jun 2018TranscriptAI SummaryPPT
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Feb 2018TranscriptAI SummaryPPT
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Nov 2017TranscriptAI SummaryPPT
Material Linked Global Cos.[1]
Global Automotive and Appliances Pte Ltd (100% subsidiary), Thai Automotive and Appliances Ltd (subsidiary of GAAL) and IFB Refrigeration Ltd (associate), have significant managerial, operational and financial linkages.