IFB Industries Ltd

IFB Industries Ltd

₹ 1,360 -1.16%
16 Jul - 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] 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

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.

  • Market Cap 5,512 Cr.
  • Current Price 1,360
  • High / Low 2,025 / 883
  • Stock P/E 41.2
  • Book Value 245
  • Dividend Yield 0.00 %
  • ROCE 18.2 %
  • ROE 14.5 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 12.9% 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 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
985 1,055 1,068 1,133 1,055 1,237 1,177 1,228 1,300 1,301 1,320 1,375 1,447
957 1,022 999 1,070 1,012 1,158 1,110 1,142 1,242 1,241 1,224 1,301 1,376
Operating Profit 28 33 69 63 43 79 66 86 58 60 96 74 72
OPM % 3% 3% 6% 6% 4% 6% 6% 7% 4% 5% 7% 5% 5%
9 8 6 7 11 7 13 4 11 10 7 -6 9
Interest 8 7 7 7 7 5 4 8 7 6 5 5 5
Depreciation 33 30 30 31 31 29 30 37 33 30 29 31 29
Profit before tax -3 4 38 32 16 52 45 45 29 34 68 32 45
Tax % 125% 26% 25% 27% 15% 26% 25% 23% 24% 25% 27% 23% 26%
-8 3 29 24 14 39 33 34 22 25 50 25 34
EPS in Rs -1.86 0.65 7.08 5.85 3.42 9.59 8.22 8.48 5.50 6.26 12.28 6.05 8.32
Raw PDF
Upcoming result date: 28 July 2026

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1,262 1,501 1,741 2,152 2,538 2,551 2,731 3,339 4,104 4,312 4,942 5,443
1,174 1,431 1,636 1,991 2,412 2,431 2,533 3,295 3,943 4,101 4,650 5,138
Operating Profit 87 70 104 161 126 121 199 44 161 211 293 305
OPM % 7% 5% 6% 7% 5% 5% 7% 1% 4% 5% 6% 6%
15 13 13 15 32 14 32 28 26 32 35 19
Interest 3 3 5 6 7 16 33 34 33 30 27 25
Depreciation 41 45 44 51 55 89 100 113 119 122 129 119
Profit before tax 59 35 68 119 96 30 97 -77 34 90 171 180
Tax % 16% 11% 19% 30% 23% 6% 36% -33% 50% 24% 25% 26%
50 31 55 83 74 28 62 -51 17 69 129 133
EPS in Rs 12.27 7.74 13.61 20.55 18.25 6.91 15.36 -12.64 4.25 17.00 31.79 32.91
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 14%
5 Years: 15%
3 Years: 10%
TTM: 10%
Compounded Profit Growth
10 Years: 18%
5 Years: 17%
3 Years: 98%
TTM: 25%
Stock Price CAGR
10 Years: 14%
5 Years: 6%
3 Years: 17%
1 Year: -10%
Return on Equity
10 Years: 8%
5 Years: 7%
3 Years: 13%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 41 41 41 41 41 41 41 41 41 41 41 41
Reserves 346 377 430 509 579 606 646 596 615 685 817 952
34 16 28 22 14 344 285 357 348 162 249 153
350 357 381 510 569 622 884 1,004 1,067 1,275 1,243 1,298
Total Liabilities 771 791 881 1,082 1,204 1,614 1,857 1,999 2,072 2,163 2,350 2,444
273 274 305 294 313 570 626 672 669 606 671 668
CWIP 6 24 14 7 22 8 20 13 20 15 12 15
Investments 52 17 63 126 61 186 282 251 210 311 321 380
441 477 499 655 808 849 928 1,062 1,172 1,230 1,346 1,381
Total Assets 771 791 881 1,082 1,204 1,614 1,857 1,999 2,072 2,163 2,350 2,444

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
82 49 93 118 50 165 298 45 107 349 103 291
-90 -21 -104 -91 -31 -362 -186 -26 -7 -140 -89 -145
-15 -21 9 -10 -10 228 -119 -50 -93 -183 -22 -140
Net Cash Flow -23 7 -2 17 8 31 -6 -31 7 27 -8 5
Free Cash Flow 1 -17 30 84 4 -46 208 -27 40 286 -2 189
CFO/OP 111% 82% 102% 86% 60% 145% 153% 116% 68% 171% 50% 112%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 26 28 29 29 30 26 33 32 35 37 30 26
Inventory Days 115 91 85 94 97 94 110 104 83 77 81 70
Days Payable 116 96 95 111 102 111 153 145 119 137 113 106
Cash Conversion Cycle 24 23 19 12 25 10 -10 -9 -1 -23 -1 -10
Working Capital Days 4 11 10 16 20 9 -10 -15 -8 -12 -3 1
ROCE % 13% 7% 15% 22% 14% 5% 13% -4% 7% 13% 18% 18%

Insights

In beta
Mar 2025 Mar 2026
Air Conditioner Market Share
%

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Engineering Division New Order Bookings
INR Crore
Front Load Washing Machine Market Share
%
IFB Refrigeration Sales Volume
Thousand Units
Steel Division Sales Volume
MT
Top Load Washing Machine Market Share
%
BLDC Motors Supplied
Thousand Units

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
74.96% 74.96% 74.96% 74.96% 74.96% 74.96% 74.96% 74.96% 74.96% 74.96% 74.96% 74.96%
0.65% 0.70% 0.75% 0.83% 1.11% 0.91% 1.06% 0.76% 0.92% 0.96% 0.92% 0.79%
4.43% 3.57% 6.59% 6.74% 6.70% 6.80% 6.41% 6.26% 6.22% 6.03% 6.16% 6.15%
19.96% 20.77% 17.71% 17.46% 17.22% 17.33% 17.57% 18.02% 17.89% 18.04% 17.96% 18.09%
No. of Shareholders 26,99126,73126,08028,24030,84231,35035,67333,46931,34831,47733,56934,516

* 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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