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11513.90

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39052.06

49.90 (0.44%)
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Nifty
Sensex

:
:

11513.90
39052.06

49.90 (0.44%)
453.07 (1.17%)

IFB Industries Ltd.

Consumer Durables - Domestic Appliances

Rating :

64/99

BSE: 505726 | NSE: IFBIND

Watchlist

NSE BSE

661.70

17-Oct-2019

Open
High
Low
Previous Close

652.20
671.80
652.20
648.85

Volume
Traded Value (lacs)
52 Week High
52 Week Low

4665
30.91
1019.00
559.95

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

2,634.33
38.30
10

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

2,568.27
N/A
4.20

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

16.88
15.02
14.78

EBITDA CAGR (%)

10 Years
5 Years
3 Years

10.84
7.17
4.34

PAT CAGR (%)

10 Years
5 Years
3 Years

3.24
8.26
11.30

P:E (Median)

8 Years
5 Years
3 Years

-
-
42.30

P:BV (Average)

8 Years
5 Years
3 Years

1.99
3.24
5.49

EV:EBITDA (Average)

8 Years
5 Years
3 Years

97.02
157.74
262.63

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Jun 19 Jun 18 Var% Mar 19 Mar 18 Var% Dec 18 Dec 17 Var% Sep 18 Sep 17 Var%
Net Sales 674.66 592.29 13.91% 619.65 523.11 18.46% 666.34 531.74 25.31% 656.88 602.78 8.98%
Expenses 645.42 560.67 15.12% 604.67 485.37 24.58% 635.05 495.15 28.25% 614.75 541.46 13.54%
EBITDA 29.24 31.62 -7.53% 14.98 37.74 -60.31% 31.29 36.59 -14.48% 42.13 61.32 -31.29%
EBIDTM 4.33% 5.34% 2.42% 7.21% 4.70% 6.88% 6.41% 10.17%
Other Income 2.12 2.75 -22.91% 6.60 7.50 -12.00% 5.49 4.19 31.03% 2.28 3.34 -31.74%
Interest 1.71 1.09 56.88% 1.81 1.01 79.21% 1.47 1.06 38.68% 1.38 1.10 25.45%
Depreciation 15.54 13.19 17.82% 14.61 12.88 13.43% 13.34 13.16 1.37% 13.40 12.87 4.12%
PBT 14.11 20.09 -29.77% 5.16 31.35 -83.54% 21.97 26.56 -17.28% 48.98 50.69 -3.37%
Tax 3.79 5.93 -36.09% -0.54 10.68 - 3.32 7.93 -58.13% 13.54 14.12 -4.11%
PAT 10.32 14.16 -27.12% 5.70 20.67 -72.42% 18.65 18.63 0.11% 35.44 36.57 -3.09%
PATM 1.53% 2.39% 0.92% 3.95% 2.80% 3.50% 5.40% 6.07%
EPS 2.50 3.43 -27.11% 1.38 5.01 -72.46% 4.52 4.51 0.22% 8.59 8.86 -3.05%

Description Jun 19 Jun 18 Var% Mar 19 Mar 18 Var% Dec 18 Dec 17 Var% Sep 18 Sep 17 Var%
Net Sales 697.52 614.62 13.49% 653.36 541.89 20.57% 699.26 549.37 27.28% 687.20 623.74 10.17%
Expenses 667.92 582.60 14.64% 637.21 504.19 26.38% 667.19 513.25 29.99% 645.26 562.45 14.72%
EBITDA 29.60 32.02 -7.56% 16.15 37.70 -57.16% 32.07 36.12 -11.21% 41.94 61.29 -31.57%
EBIDTM 4.24% 5.21% 2.47% 6.96% 4.59% 6.57% 6.10% 9.83%
Other Income 2.11 2.82 -25.18% 6.75 7.78 -13.24% 5.43 4.27 27.17% 2.37 3.23 -26.63%
Interest 2.17 1.49 45.64% 2.16 1.35 60.00% 1.85 1.38 34.06% 1.73 1.31 32.06%
Depreciation 16.28 13.96 16.62% 15.35 13.93 10.19% 14.08 13.75 2.40% 14.16 13.43 5.44%
PBT 13.26 19.39 -31.61% 5.39 30.20 -82.15% 21.57 25.26 -14.61% 47.77 49.78 -4.04%
Tax 3.68 5.85 -37.09% 0.31 10.45 -97.03% 3.48 7.97 -56.34% 13.40 14.14 -5.23%
PAT 9.58 13.54 -29.25% 5.08 19.75 -74.28% 18.09 17.29 4.63% 34.37 35.64 -3.56%
PATM 1.37% 2.20% 0.78% 3.64% 2.59% 3.15% 5.00% 5.71%
EPS 2.44 3.44 -29.07% 1.34 4.96 -72.98% 4.48 4.27 4.92% 8.40 8.72 -3.67%

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description TTM Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14 Mar 13 Mar 12 Mar 11 Mar 10
Net Sales 2,617.53 2,539.87 2,148.51 1,740.65 1,500.94 1,261.50 1,020.79 915.91 802.95 679.74 533.95 Net Sales Growth 16.34% 18.22% 23.43% 15.97% 18.98% 23.58% 11.45% 14.07% 18.13% 27.30% Cost Of Goods Sold 1,535.52 1,485.46 1,204.48 1,005.42 860.71 711.48 587.90 537.15 471.60 375.21 280.44 Gross Profit 1,082.01 1,054.41 944.03 735.23 640.23 550.02 432.89 378.76 331.35 304.53 253.52 GP Margin 41.34% 41.51% 43.94% 42.24% 42.66% 43.60% 42.41% 41.35% 41.27% 44.80% 47.48% Total Expenditure 2,499.89 2,416.35 1,991.35 1,637.88 1,430.58 1,174.13 974.85 864.13 760.27 616.63 489.81 Power & Fuel Cost - 24.91 22.52 19.45 16.90 15.35 11.78 9.98 8.35 6.77 5.32 % Of Sales - 0.98% 1.05% 1.12% 1.13% 1.22% 1.15% 1.09% 1.04% 1.00% 1.00% Employee Cost - 255.05 211.14 161.46 155.56 122.44 97.93 84.94 69.87 63.00 50.53 % Of Sales - 10.04% 9.83% 9.28% 10.36% 9.71% 9.59% 9.27% 8.70% 9.27% 9.46% Manufacturing Exp. - 293.45 244.78 202.91 175.01 141.03 114.25 106.65 88.17 73.09 55.37 % Of Sales - 11.55% 11.39% 11.66% 11.66% 11.18% 11.19% 11.64% 10.98% 10.75% 10.37% General & Admin Exp. - 160.73 139.52 121.31 105.58 91.64 71.48 61.82 55.11 49.89 48.27 % Of Sales - 6.33% 6.49% 6.97% 7.03% 7.26% 7.00% 6.75% 6.86% 7.34% 9.04% Selling & Distn. Exp. - 172.07 147.31 106.61 97.02 74.75 62.54 47.48 47.60 36.89 40.86 % Of Sales - 6.77% 6.86% 6.12% 6.46% 5.93% 6.13% 5.18% 5.93% 5.43% 7.65% Miscellaneous Exp. - 24.68 21.60 20.72 19.80 17.44 28.97 16.11 19.57 11.78 40.86 % Of Sales - 0.97% 1.01% 1.19% 1.32% 1.38% 2.84% 1.76% 2.44% 1.73% 1.69% EBITDA 117.64 123.52 157.16 102.77 70.36 87.37 45.94 51.78 42.68 63.11 44.14 EBITDA Margin 4.49% 4.86% 7.31% 5.90% 4.69% 6.93% 4.50% 5.65% 5.32% 9.28% 8.27% Other Income 16.49 14.81 19.13 14.34 13.31 15.08 8.17 11.69 11.45 17.80 22.87 Interest 6.37 6.94 5.57 5.34 3.14 2.54 2.19 1.74 1.81 1.69 0.82 Depreciation 56.89 54.54 51.38 43.59 45.37 40.64 22.59 18.32 14.88 10.41 8.68 PBT 90.22 76.85 119.34 68.18 35.16 59.27 29.33 43.41 37.44 68.81 57.51 Tax 20.11 22.25 36.09 13.05 3.80 9.54 7.73 11.96 5.40 18.50 3.75 Tax Rate 22.29% 23.13% 30.24% 19.14% 10.81% 16.10% 26.36% 27.55% 15.03% 26.89% 6.52% PAT 70.11 73.95 83.25 55.13 31.36 49.73 21.60 31.45 30.54 50.31 53.76 PAT before Minority Interest 70.11 73.95 83.25 55.13 31.36 49.73 21.60 31.45 30.54 50.31 53.76 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 2.68% 2.91% 3.87% 3.17% 2.09% 3.94% 2.12% 3.43% 3.80% 7.40% 10.07% PAT Growth -22.13% -11.17% 51.01% 75.80% -36.94% 130.23% -31.32% 2.98% -39.30% -6.42% Unadjusted EPS 16.99 18.25 20.55 13.61 7.74 12.27 5.33 7.95 8.61 14.24 16.87

Description TTM Mar 19 Mar 18 Mar 17
Net Sales 2,737.34 2,659.15 2,217.31 1,758.44 Net Sales Growth 17.50% 19.93% 26.10% Cost Of Goods Sold 1,637.20 1,568.04 1,252.31 1,019.27 Gross Profit 1,100.14 1,091.11 965.00 739.17 GP Margin 40.19% 41.03% 43.52% 42.04% Total Expenditure 2,617.58 2,533.41 2,060.41 1,656.78 Power & Fuel Cost - 31.56 28.03 21.88 % Of Sales - 1.19% 1.26% 1.24% Employee Cost - 263.83 216.39 162.69 % Of Sales - 9.92% 9.76% 9.25% Manufacturing Exp. - 304.29 250.82 204.48 % Of Sales - 11.44% 11.31% 11.63% General & Admin Exp. - 164.25 141.42 121.90 % Of Sales - 6.18% 6.38% 6.93% Selling & Distn. Exp. - 172.08 147.36 106.61 % Of Sales - 6.47% 6.65% 6.06% Miscellaneous Exp. - 29.36 24.08 19.95 % Of Sales - 1.10% 1.09% 1.13% EBITDA 119.76 125.74 156.90 101.66 EBITDA Margin 4.38% 4.73% 7.08% 5.78% Other Income 16.66 15.06 18.81 13.42 Interest 7.91 8.48 6.76 6.20 Depreciation 59.87 57.55 53.81 44.23 PBT 87.99 74.77 115.14 64.65 Tax 20.87 23.04 35.86 13.10 Tax Rate 23.72% 24.48% 31.14% 20.26% PAT 67.12 71.08 79.28 51.55 PAT before Minority Interest 68.79 71.08 79.28 51.55 Minority Interest 1.67 0.00 0.00 0.00 PAT Margin 2.45% 2.67% 3.58% 2.93% PAT Growth -22.15% -10.34% 53.79% Unadjusted EPS 16.66 18.00 19.98 13.15

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14 Mar 13 Mar 12 Mar 11 Mar 10
Shareholder's Funds 620.65 550.29 471.48 418.33 386.97 337.24 315.64 242.19 211.20 153.77 Share Capital 41.28 41.28 41.28 41.28 41.28 41.28 41.28 36.28 36.22 35.52 Total Reserves 579.37 509.01 430.20 377.05 345.69 295.96 274.36 205.91 174.98 118.26 Non-Current Liabilities 73.05 67.82 49.94 63.28 60.63 55.63 53.24 81.87 59.23 3.75 Secured Loans 2.50 10.00 18.75 1.00 0.00 0.00 0.00 0.00 0.00 0.00 Unsecured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Provisions 54.46 41.97 26.53 29.25 27.17 25.24 27.29 59.89 44.34 0.00 Current Liabilities 510.47 463.89 355.60 309.82 323.32 248.34 169.46 148.72 143.51 141.39 Trade Payables 416.29 366.39 263.00 226.70 226.67 141.93 119.86 109.05 85.48 74.30 Other Current Liabilities 85.99 88.90 83.38 61.85 56.76 53.42 36.11 36.88 53.47 35.39 Short Term Borrowings 4.03 4.08 3.48 15.40 34.45 47.77 9.85 0.00 0.00 0.00 Short Term Provisions 4.16 4.52 5.74 5.87 5.44 5.22 3.64 2.79 4.56 31.69 Total Liabilities 1,204.17 1,082.00 877.02 791.43 770.92 641.21 538.34 472.78 413.94 298.91 Net Block 312.92 293.67 304.76 273.90 272.99 225.78 186.76 156.10 124.25 75.47 Gross Block 461.23 388.24 348.31 554.10 514.05 432.83 379.48 411.68 432.32 396.01 Accumulated Depreciation 148.31 94.57 43.55 280.20 241.06 207.05 192.72 255.58 308.07 320.53 Non Current Assets 434.47 370.86 373.80 370.47 338.08 287.23 240.29 233.56 188.67 82.40 Capital Work in Progress 22.40 6.74 13.89 23.77 5.74 14.60 8.27 4.51 14.59 6.93 Non Current Investment 33.71 33.71 12.11 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Loans & Adv. 52.50 36.62 42.87 72.79 59.35 46.84 45.22 72.91 48.74 0.00 Other Non Current Assets 12.94 0.12 0.17 0.01 0.00 0.01 0.04 0.04 1.09 0.00 Current Assets 769.70 711.14 503.22 420.96 432.84 353.98 298.05 239.22 225.27 216.51 Current Investments 27.26 92.67 51.48 16.85 51.65 37.28 56.77 9.97 46.17 10.64 Inventories 392.59 310.70 234.88 214.41 223.13 155.46 131.95 109.25 88.83 85.33 Sundry Debtors 211.33 172.34 138.24 115.46 90.71 72.29 47.90 46.63 39.05 27.98 Cash & Bank 94.84 63.09 46.32 48.16 44.50 68.20 44.62 53.80 26.91 36.54 Other Current Assets 43.68 2.12 2.68 0.81 22.85 20.75 16.81 19.57 24.31 56.01 Short Term Loans & Adv. 38.31 70.22 29.62 25.27 22.61 19.92 16.10 19.28 24.14 56.01 Net Current Assets 259.23 247.25 147.62 111.14 109.52 105.64 128.59 90.50 81.76 75.12 Total Assets 1,204.17 1,082.00 877.02 791.43 770.92 641.21 538.34 472.78 413.94 298.91

Description Mar 19 Mar 18 Mar 17
Shareholder's Funds 618.39 547.93 469.62 Share Capital 41.28 41.28 41.28 Total Reserves 577.11 506.65 428.34 Non-Current Liabilities 81.04 74.98 53.96 Secured Loans 6.14 13.41 18.75 Unsecured Loans 0.00 0.00 0.00 Long Term Provisions 54.49 42.00 26.53 Current Liabilities 566.83 490.80 377.24 Trade Payables 457.41 385.46 272.04 Other Current Liabilities 90.50 91.37 84.26 Short Term Borrowings 14.60 9.40 15.19 Short Term Provisions 4.32 4.57 5.75 Total Liabilities 1,268.33 1,117.65 906.49 Net Block 357.51 338.55 329.15 Gross Block 522.80 446.62 373.34 Accumulated Depreciation 165.29 108.07 44.19 Non Current Assets 448.28 383.87 387.12 Capital Work in Progress 24.29 7.18 14.32 Non Current Investment 0.11 0.11 0.11 Long Term Loans & Adv. 53.31 37.80 43.34 Other Non Current Assets 13.06 0.23 0.20 Current Assets 820.05 733.78 519.37 Current Investments 27.26 92.67 54.14 Inventories 403.91 319.07 242.48 Sundry Debtors 248.29 187.49 144.56 Cash & Bank 96.70 67.81 46.80 Other Current Assets 43.89 1.95 2.73 Short Term Loans & Adv. 38.27 64.79 28.66 Net Current Assets 253.22 242.98 142.13 Total Assets 1,268.33 1,117.65 906.49

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14 Mar 13 Mar 12 Mar 11 Mar 10
Cash From Operating Activity 49.79 117.51 92.62 48.74 82.38 20.64 32.59 43.52 70.86 44.69 PBT 96.20 119.34 68.18 35.16 59.27 29.33 43.41 35.94 68.81 57.51 Adjustment 29.70 45.38 41.92 39.29 31.13 18.92 11.63 9.94 7.27 9.82 Changes in Working Capital -50.16 -26.22 -3.27 -16.54 6.61 -22.03 -13.14 5.23 9.88 -14.81 Cash after chg. in Working capital 75.74 138.50 106.83 57.91 97.01 26.22 41.90 51.11 85.96 52.53 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -25.95 -20.99 -14.21 -9.17 -14.63 -5.58 -9.31 -7.59 -15.10 -7.84 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -31.38 -90.78 -103.55 -20.97 -90.31 -36.02 -93.12 -18.24 -81.91 -37.36 Net Fixed Assets -88.65 -32.78 215.67 -58.08 -72.36 -59.68 28.44 30.72 -43.97 -14.57 Net Investments 65.41 -62.79 -46.74 34.80 -14.37 19.49 -46.80 36.20 -35.53 -10.64 Others -8.14 4.79 -272.48 2.31 -3.58 4.17 -74.76 -85.16 -2.41 -12.15 Cash from Financing Activity -10.43 -9.98 9.03 -20.84 -15.33 36.77 51.77 -0.23 0.79 -13.70 Net Cash Inflow / Outflow 7.98 16.75 -1.90 6.93 -23.26 21.39 -8.76 25.05 -10.26 -6.36 Opening Cash & Equivalents 62.41 45.66 47.56 40.63 63.89 42.50 51.26 26.21 36.47 42.91 Closing Cash & Equivalent 70.39 62.41 45.66 47.56 40.63 63.89 42.50 51.26 26.21 36.54

Description Mar 19 Mar 18 Mar 17
Cash From Operating Activity 44.64 124.49 84.79 PBT 94.12 115.14 64.65 Adjustment 34.00 49.13 43.62 Changes in Working Capital -57.52 -18.80 -9.28 Cash after chg. in Working capital 70.60 145.47 98.99 Interest Paid 0.00 0.00 0.00 Tax Paid -25.96 -20.98 -14.20 Other Direct Exp. Paid 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 Cash From Investing Activity -33.55 -92.13 -95.20 Net Fixed Assets -88.65 -32.78 Net Investments 65.41 -62.79 Others -10.31 3.44 Cash from Financing Activity -5.22 -12.88 8.52 Net Cash Inflow / Outflow 5.87 19.48 -1.89 Opening Cash & Equivalents 65.70 45.67 47.56 Closing Cash & Equivalent 71.64 65.70 45.67

Financial Ratios

Standalone /

Consolidated

Right to Left

Description Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14 Mar 13 Mar 12 Mar 11 Mar 10
Book Value (Rs.) 152.98 135.62 116.17 102.63 94.89 82.61 77.28 67.48 58.86 43.53 ROA 6.47% 8.50% 6.61% 4.01% 7.04% 3.66% 6.22% 6.89% 14.12% 20.89% ROE 12.65% 16.32% 12.44% 7.84% 13.83% 6.67% 11.38% 13.62% 27.95% 43.90% ROCE 17.10% 23.31% 15.76% 8.98% 15.40% 8.92% 16.00% 16.78% 39.00% 44.44% Fixed Asset Turnover 7.52 7.38 5.17 3.72 3.42 3.19 2.91 2.35 1.98 1.62 Receivable days 21.91 20.84 19.86 18.92 18.39 16.94 14.97 15.75 14.94 13.83 Inventory Days 40.17 36.61 35.17 40.14 42.71 40.51 38.19 36.40 38.82 42.53 Payable days 61.29 59.25 57.51 62.04 58.21 52.07 50.75 49.61 51.29 57.52 Cash Conversion Cycle 0.79 -1.79 -2.47 -2.98 2.89 5.38 2.41 2.54 2.47 -1.17 Total Debt/Equity 0.02 0.04 0.06 0.04 0.09 0.14 0.03 0.00 0.00 0.00 Interest Cover 14.86 22.43 13.77 12.20 24.33 14.39 25.95 20.86 41.72 70.98

Description Mar 19 Mar 18 Mar 17
Book Value (Rs.) 152.43 135.04 115.71 ROA 5.96% 7.83% 8.62% ROE 12.20% 15.61% 53.65% ROCE 16.70% 22.38% 18.91% Fixed Asset Turnover 6.84 6.80 6.25 Receivable days 23.99 21.72 12.94 Inventory Days 39.80 36.74 20.62 Payable days 62.92 59.80 36.37 Cash Conversion Cycle 0.87 -1.34 -2.82 Total Debt/Equity 0.05 0.06 0.09 Interest Cover 12.10 18.03 11.43

Top Investors:

kotak mahindra ( international) limited

jwalamukhi investment holdings

chatterjee management

ashish kacholia

Annual Reports:

News Update:

IFB Industries to acquire stamping business, Motor Business of IFB Automotive
31st Aug 2019, 09:42 AM

The Board of Directors of the Company at its meeting held on August 30, 2019 has approved the same
Read More
IFB Industries - Quarterly Results
25th Jul 2019, 17:18 PM

Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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