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] 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]
- Market Cap ₹ 4,809 Cr.
- Current Price ₹ 1,187
- High / Low ₹ 2,025 / 883
- Stock P/E 30.8
- 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,262 | 1,501 | 1,741 | 2,152 | 2,538 | 2,551 | 2,731 | 3,339 | 4,104 | 4,312 | 4,942 | 5,443 | 5,666 | |
| 1,174 | 1,431 | 1,636 | 1,991 | 2,412 | 2,431 | 2,533 | 3,295 | 3,943 | 4,101 | 4,650 | 5,138 | 5,342 | |
| Operating Profit | 87 | 70 | 104 | 161 | 126 | 121 | 199 | 44 | 161 | 211 | 293 | 305 | 324 |
| OPM % | 7% | 4.7% | 6% | 7% | 5.0% | 4.7% | 7% | 1.3% | 3.9% | 4.9% | 6% | 6% | 6% |
| 15 | 13 | 13 | 15 | 32 | 14 | 32 | 28 | 26 | 32 | 35 | 19 | 14 | |
| Interest | 3 | 3 | 5 | 6 | 7 | 16 | 33 | 34 | 33 | 30 | 27 | 25 | 20 |
| Depreciation | 41 | 45 | 44 | 51 | 55 | 89 | 100 | 113 | 119 | 122 | 129 | 119 | 121 |
| Profit before tax | 59 | 35 | 68 | 119 | 96 | 30 | 97 | -77 | 34 | 90 | 171 | 180 | 197 |
| 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 | 146 | |
| 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 | 36.04 |
| 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: | 13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 17% |
| 3 Years: | 98% |
| TTM: | 36% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 0% |
| 3 Years: | 10% |
| 1 Year: | -31% |
| 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 / 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 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Service Franchisees Number |
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| Air Conditioner Market Share % |
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| Engineering Division New Order Bookings INR Crore |
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| Front Load Washing Machine Market Share % |
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| IFB Refrigeration Sales Volume Thousand Units |
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| Steel Division Sales Volume MT |
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| Top Load Washing Machine Market Share % |
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| BLDC Motors Supplied Thousand Units |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper advertisement pertaining to Special Window for Transfer and Dematerialisation of Physical Securities introduced by SEBI ("SEBI")
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Certificate under 74(5) SEBI (Depositories and Participants) Regulations, 2018 for the Quarter ended 30th September, 2026
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Regulation 74(5) certificate submitted for quarter ended 30 September 2026.
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Closure of Trading Window
- Trading window closes from 1 October 2026 ahead of Q2 FY26 results.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
- Transcript of the earnings conference call for the quarter ended 30th June, 2026
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2013
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Concalls
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Aug 2026Transcript PPT REC
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Jun 2026Transcript PPT REC
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT
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Nov 2025PPT
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Aug 2025Transcript PPT
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Jun 2025Transcript PPT
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Nov 2024Transcript PPT REC
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Nov 2024PPT
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Aug 2024Transcript PPT
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Jun 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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Aug 2023PPT
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Jun 2023Transcript
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Jun 2023Transcript PPT
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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 2022PPT
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Feb 2022PPT
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Nov 2021PPT
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Aug 2021PPT
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Nov 2020PPT
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Nov 2018PPT
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Aug 2018PPT
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Jun 2018PPT
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Feb 2018PPT
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Nov 2017PPT
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.