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 ₹ 5,054 Cr.
- Current Price ₹ 1,247
- High / Low ₹ 2,025 / 883
- Stock P/E 32.8
- Book Value ₹ 246
- Dividend Yield 0.00 %
- ROCE 20.3 %
- ROE 16.8 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 19.2% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 12.7% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1,758 | 2,220 | 2,657 | 2,637 | 2,801 | 3,415 | 4,195 | 4,438 | 5,092 | 5,619 | |
| 1,657 | 2,060 | 2,529 | 2,514 | 2,588 | 3,367 | 4,031 | 4,242 | 4,805 | 5,303 | |
| Operating Profit | 102 | 160 | 128 | 123 | 213 | 49 | 164 | 196 | 287 | 317 |
| OPM % | 6% | 7% | 5% | 5% | 8% | 1% | 4% | 4% | 6% | 6% |
| 13 | 16 | 32 | 14 | 22 | 28 | 23 | 32 | 35 | 19 | |
| Interest | 6 | 7 | 8 | 18 | 34 | 35 | 33 | 31 | 27 | 21 |
| Depreciation | 44 | 54 | 58 | 92 | 102 | 115 | 122 | 124 | 132 | 122 |
| Profit before tax | 65 | 115 | 94 | 27 | 99 | -74 | 32 | 73 | 163 | 192 |
| Tax % | 20% | 31% | 24% | 4% | 35% | -35% | 54% | 31% | 27% | 25% |
| 52 | 79 | 71 | 26 | 64 | -48 | 15 | 50 | 119 | 144 | |
| EPS in Rs | 13.15 | 19.98 | 18.00 | 6.76 | 15.82 | -11.89 | 3.69 | 12.43 | 29.35 | 35.43 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 10% |
| TTM: | 10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 151% |
| TTM: | 45% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 3% |
| 3 Years: | 15% |
| 1 Year: | -17% |
| Return on Equity | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 7% |
| 3 Years: | 13% |
| Last Year: | 17% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 |
| Reserves | 428 | 507 | 577 | 605 | 655 | 607 | 626 | 676 | 801 | 954 |
| 40 | 32 | 31 | 357 | 293 | 363 | 353 | 164 | 250 | 156 | |
| 397 | 538 | 619 | 662 | 903 | 1,019 | 1,086 | 1,298 | 1,266 | 1,333 | |
| Total Liabilities | 907 | 1,118 | 1,268 | 1,665 | 1,891 | 2,030 | 2,107 | 2,180 | 2,358 | 2,484 |
| 329 | 339 | 358 | 625 | 654 | 698 | 695 | 629 | 695 | 701 | |
| CWIP | 14 | 7 | 24 | 10 | 21 | 15 | 21 | 16 | 14 | 14 |
| Investments | 54 | 93 | 27 | 153 | 260 | 229 | 186 | 263 | 254 | 313 |
| 509 | 679 | 859 | 877 | 956 | 1,088 | 1,205 | 1,271 | 1,395 | 1,456 | |
| Total Assets | 907 | 1,118 | 1,268 | 1,665 | 1,891 | 2,030 | 2,107 | 2,180 | 2,358 | 2,484 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 85 | 124 | 45 | 184 | 292 | 51 | 106 | 351 | 118 | 299 | |
| -95 | -92 | -33 | -374 | -187 | -27 | -6 | -137 | -90 | -152 | |
| 9 | -13 | -5 | 223 | -112 | -51 | -94 | -186 | -23 | -138 | |
| Net Cash Flow | -2 | 20 | 6 | 33 | -7 | -28 | 6 | 28 | 5 | 9 |
| Free Cash Flow | 21 | 86 | -4 | -39 | 200 | -22 | 40 | 286 | 12 | 190 |
| CFO/OP | 97% | 91% | 55% | 158% | 140% | 116% | 66% | 184% | 57% | 111% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 30 | 31 | 34 | 28 | 35 | 33 | 36 | 38 | 31 | 28 |
| Inventory Days | 87 | 93 | 94 | 94 | 108 | 102 | 82 | 75 | 79 | 68 |
| Days Payable | 97 | 112 | 107 | 116 | 153 | 144 | 118 | 135 | 111 | 106 |
| Cash Conversion Cycle | 19 | 11 | 22 | 6 | -10 | -8 | -1 | -22 | -1 | -10 |
| Working Capital Days | 9 | 14 | 18 | 5 | -9 | -14 | -7 | -11 | -2 | 19 |
| ROCE % | 20% | 13% | 5% | 13% | -4% | 6% | 10% | 17% | 20% |
Insights
In beta| Mar 2025 | Mar 2026 | |
|---|---|---|
| Air Conditioner Market Share % ・Standalone data |
|
|
| Engineering Division New Order Bookings INR Crore ・Standalone data |
||
| Front Load Washing Machine Market Share % ・Standalone data |
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| IFB Refrigeration Sales Volume Thousand Units ・Standalone data |
||
| Steel Division Sales Volume MT ・Standalone data |
||
| Top Load Washing Machine Market Share % ・Standalone data |
||
| BLDC Motors Supplied Thousand Units ・Standalone data |
||
Extracted by Screener AI
Documents
Announcements
- Notice Convening The 50Th Annual General Meeting Scheduled To Be Held On Wednesday, 29Th July, 2026 4m
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Reg. 34 (1) Annual Report.
1h - IFB Industries sends FY2025-26 annual report and AGM notice for 29 July 2026.
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Business Responsibility and Sustainability Reporting (BRSR)
2h - IFB Industries submitted FY2025-26 BRSR on 7 July 2026 as part of its 50th Annual Report.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Newspaper publication of Public Notice of 50th Annual General Meeting to be held through Video Conferencing ('VC')/ Other Audio Visual Means ('OAVM')
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Intimation Of 50Th Annual General Meeting On 29Th July, 2026 & Book Closure For Financial Year 2025-26
3 Jul - 50th AGM on 29 July 2026; book closure from 23 to 29 July 2026.
Annual reports
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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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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.