IFB Industries Ltd
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]
- Market Cap ₹ 3,655 Cr.
- Current Price ₹ 902
- High / Low ₹ 1,166 / 698
- Stock P/E 204
- Book Value ₹ 162
- Dividend Yield 0.00 %
- ROCE 6.73 %
- ROE 2.66 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 5.55 times its book value
- Company has a low return on equity of 1.42% 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.
Peer comparison
Sector: Consumer Durables Industry: Domestic Appliances
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
803 | 916 | 1,021 | 1,262 | 1,501 | 1,741 | 2,152 | 2,538 | 2,551 | 2,731 | 3,339 | 4,104 | 4,114 | |
760 | 864 | 975 | 1,174 | 1,431 | 1,636 | 1,991 | 2,412 | 2,431 | 2,533 | 3,295 | 3,943 | 3,955 | |
Operating Profit | 43 | 52 | 46 | 87 | 70 | 104 | 161 | 126 | 121 | 199 | 44 | 161 | 160 |
OPM % | 5% | 6% | 4% | 7% | 5% | 6% | 7% | 5% | 5% | 7% | 1% | 4% | 4% |
10 | 12 | 8 | 15 | 13 | 13 | 15 | 32 | 14 | 32 | 28 | 26 | 25 | |
Interest | 2 | 2 | 2 | 3 | 3 | 5 | 6 | 7 | 16 | 33 | 34 | 33 | 29 |
Depreciation | 15 | 18 | 23 | 41 | 45 | 44 | 51 | 55 | 89 | 100 | 113 | 119 | 121 |
Profit before tax | 36 | 43 | 29 | 59 | 35 | 68 | 119 | 96 | 30 | 97 | -77 | 34 | 35 |
Tax % | 15% | 28% | 26% | 16% | 11% | 19% | 30% | 23% | 6% | 36% | 33% | 50% | |
31 | 31 | 22 | 50 | 31 | 55 | 83 | 74 | 28 | 62 | -51 | 17 | 18 | |
EPS in Rs | 8.60 | 7.76 | 5.33 | 12.27 | 7.74 | 13.61 | 20.55 | 18.25 | 6.91 | 15.36 | -12.64 | 4.25 | 4.42 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 16% |
5 Years: | 14% |
3 Years: | 17% |
TTM: | 7% |
Compounded Profit Growth | |
---|---|
10 Years: | -5% |
5 Years: | -26% |
3 Years: | -13% |
TTM: | 358% |
Stock Price CAGR | |
---|---|
10 Years: | 34% |
5 Years: | -3% |
3 Years: | 14% |
1 Year: | 2% |
Return on Equity | |
---|---|
10 Years: | 6% |
5 Years: | 4% |
3 Years: | 1% |
Last Year: | 3% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
36 | 41 | 41 | 41 | 41 | 41 | 41 | 41 | 41 | 41 | 41 | 41 | |
Reserves | 206 | 274 | 296 | 346 | 377 | 430 | 509 | 579 | 606 | 646 | 596 | 615 |
0 | 10 | 48 | 34 | 16 | 28 | 22 | 14 | 344 | 285 | 357 | 348 | |
199 | 213 | 256 | 350 | 357 | 381 | 510 | 569 | 622 | 884 | 1,004 | 1,067 | |
Total Liabilities | 441 | 538 | 641 | 771 | 791 | 881 | 1,082 | 1,204 | 1,614 | 1,857 | 1,999 | 2,072 |
156 | 187 | 226 | 273 | 274 | 305 | 294 | 313 | 570 | 626 | 672 | 669 | |
CWIP | 5 | 8 | 15 | 6 | 24 | 14 | 7 | 22 | 8 | 20 | 13 | 20 |
Investments | 10 | 57 | 37 | 52 | 17 | 63 | 126 | 61 | 186 | 282 | 251 | 210 |
271 | 287 | 364 | 441 | 477 | 499 | 655 | 808 | 849 | 928 | 1,062 | 1,172 | |
Total Assets | 441 | 538 | 641 | 771 | 791 | 881 | 1,082 | 1,204 | 1,614 | 1,857 | 1,999 | 2,072 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
44 | 33 | 21 | 82 | 49 | 93 | 118 | 50 | 165 | 298 | 45 | 107 | |
-18 | -93 | -36 | -90 | -21 | -104 | -91 | -31 | -362 | -186 | -26 | -7 | |
-0 | 52 | 37 | -15 | -21 | 9 | -10 | -10 | 228 | -119 | -50 | -93 | |
Net Cash Flow | 25 | -9 | 21 | -23 | 7 | -2 | 17 | 8 | 31 | -6 | -31 | 7 |
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 | 21 | 19 | 26 | 26 | 28 | 29 | 29 | 30 | 26 | 33 | 32 | 35 |
Inventory Days | 85 | 90 | 97 | 115 | 91 | 85 | 94 | 97 | 94 | 110 | 104 | 83 |
Days Payable | 85 | 81 | 88 | 116 | 96 | 95 | 111 | 102 | 111 | 153 | 145 | 119 |
Cash Conversion Cycle | 21 | 27 | 34 | 24 | 23 | 19 | 12 | 25 | 10 | -10 | -9 | -1 |
Working Capital Days | 12 | 15 | 17 | 14 | 15 | 11 | 16 | 20 | 15 | 1 | 1 | 7 |
ROCE % | 17% | 15% | 9% | 13% | 7% | 15% | 22% | 14% | 5% | 13% | -4% | 7% |
Documents
Announcements
- Business Responsibility and Sustainability Reporting (BRSR) 21 Sep
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 30 Aug
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
16 Aug - Transcript for the conference call for the quarter ended 30 June 2023.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
10 Aug - The audio recording of the conference call which was held today i.e., on 10th August, 2023 is made available on the Company's website, at www.ifbindustries.com.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
7 Aug - In continuation of our earlier letter on captioned matter, please be informed that, the conference call with Investors/ Analysts have been rescheduled on 10th August, …
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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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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Financial Year 2012
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Financial Year 2011
from bse
Concalls
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Aug 2023Transcript PPT
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Aug 2023Transcript PPT
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Jun 2023TranscriptNotesPPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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Jun 2022TranscriptNotesPPT
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Feb 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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Jun 2021TranscriptNotesPPT
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Feb 2021TranscriptNotesPPT
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Nov 2020TranscriptNotesPPT
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Aug 2020TranscriptNotesPPT
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Jul 2020TranscriptNotesPPT
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Feb 2020TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Aug 2019TranscriptNotesPPT
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Jun 2019TranscriptNotesPPT
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Feb 2019TranscriptNotesPPT
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Nov 2018TranscriptNotesPPT
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Aug 2018TranscriptNotesPPT
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Jun 2018TranscriptNotesPPT
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Feb 2018TranscriptNotesPPT
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Nov 2017TranscriptNotesPPT
Products
Home Appliances Division (82% of revenue) - covers domestic appliance and industrial application categories including washing machines, domestic and industrial dishwashers, etc. In FY23, company launched washer dryers, 9kg & 10kg machines. [1]
Engineering Division (17% revenue contribution) includes a product range of fine-blanked components, tools, and related machine tools like straighteners, strip loaders, etc. [2] It mainly caters to the automobile sector (2 wheelers, 4-wheelers, and commercial vehicles). [3]
Modular Kitchen: The company is at a nascent stage in this segment with three stores in Goa, three stores in Bangalore, and one store in Kolkata. The company has launched another store in Mumbai in FY23.[4]