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IFB Industries

BSE:505726
Snowflake Description

Flawless balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
505726
BSE
₹35B
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

IFB Industries Limited, together with its subsidiary, manufactures and trades in home appliances primarily in India. The last earnings update was 82 days ago. More info.


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505726 Share Price and Events
7 Day Returns
1.2%
BSE:505726
-1%
IN Consumer Durables
-1.2%
IN Market
1 Year Returns
-28.1%
BSE:505726
-14.1%
IN Consumer Durables
-2.5%
IN Market
505726 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
IFB Industries (505726) 1.2% -8.1% 4.1% -28.1% 139.1% 898.5%
IN Consumer Durables -1% 0.8% 4.2% -14.1% 54.9% 251.7%
IN Market -1.2% 1.4% 4.8% -2.5% 40% 69.9%
1 Year Return vs Industry and Market
  • 505726 underperformed the Consumer Durables industry which returned -14.1% over the past year.
  • 505726 underperformed the Market in India which returned -2.5% over the past year.
Price Volatility
505726
Industry
5yr Volatility vs Market

Value

 Is IFB Industries undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of IFB Industries to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for IFB Industries.

BSE:505726 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 15.8%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:505726
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.918 (1 + (1- 35%) (2.31%))
0.955
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.95
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.955 * 8.6%)
15.76%

Discounted Cash Flow Calculation for BSE:505726 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for IFB Industries is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:505726 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 15.76%)
2019 913.00 Analyst x1 788.70
2020 766.00 Analyst x1 571.63
2021 198.00 Analyst x1 127.64
2022 39.05 Est @ -80.28% 21.74
2023 17.99 Est @ -53.93% 8.65
2024 11.61 Est @ -35.49% 4.82
2025 8.99 Est @ -22.58% 3.23
2026 7.77 Est @ -13.54% 2.41
2027 7.21 Est @ -7.21% 1.93
2028 7.01 Est @ -2.78% 1.62
Present value of next 10 years cash flows ₹1,532.39
BSE:505726 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹7.01 × (1 + 7.55%) ÷ (15.76% – 7.55%)
₹91.81
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹91.81 ÷ (1 + 15.76%)10
₹21.25
BSE:505726 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹1,532.39 + ₹21.25
₹1,553.63
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹1,553.63 / 40.52
₹38.34
BSE:505726 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BSE:505726 represents 0.9972x of NSEI:IFBIND
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.9972x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 38.34 x 0.9972
₹38.24
Value per share (INR) From above. ₹38.24
Current discount Discount to share price of ₹872.70
= -1 x (₹872.70 - ₹38.24) / ₹38.24
-2182.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of IFB Industries is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for IFB Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are IFB Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:505726 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹21.66
NSEI:IFBIND Share Price ** NSEI (2019-04-23) in INR ₹875.15
India Consumer Durables Industry PE Ratio Median Figure of 42 Publicly-Listed Consumer Durables Companies 27.99x
India Market PE Ratio Median Figure of 2,738 Publicly-Listed Companies 16.18x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of IFB Industries.

BSE:505726 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NSEI:IFBIND Share Price ÷ EPS (both in INR)

= 875.15 ÷ 21.66

40.4x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • IFB Industries is overvalued based on earnings compared to the IN Consumer Durables industry average.
  • IFB Industries is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does IFB Industries's expected growth come at a high price?
Raw Data
BSE:505726 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 40.4x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
20.4%per year
India Consumer Durables Industry PEG Ratio Median Figure of 12 Publicly-Listed Consumer Durables Companies 2.21x
India Market PEG Ratio Median Figure of 585 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

BSE:505726 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 40.4x ÷ 20.4%

1.98x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • IFB Industries is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on IFB Industries's assets?
Raw Data
BSE:505726 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹147.05
NSEI:IFBIND Share Price * NSEI (2019-04-23) in INR ₹875.15
India Consumer Durables Industry PB Ratio Median Figure of 47 Publicly-Listed Consumer Durables Companies 1.77x
India Market PB Ratio Median Figure of 3,629 Publicly-Listed Companies 1.1x
BSE:505726 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:IFBIND Share Price ÷ Book Value per Share (both in INR)

= 875.15 ÷ 147.05

5.95x

* Primary Listing of IFB Industries.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • IFB Industries is overvalued based on assets compared to the IN Consumer Durables industry average.
X
Value checks
We assess IFB Industries's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Durables industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Durables industry average (and greater than 0)? (1 check)
  5. IFB Industries has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is IFB Industries expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
20.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is IFB Industries expected to grow at an attractive rate?
  • IFB Industries's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • IFB Industries's earnings growth is expected to exceed the India market average.
  • IFB Industries's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
BSE:505726 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:505726 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 20.4%
BSE:505726 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 12.5%
India Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 17.5%
India Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 13.2%
India Market Earnings Growth Rate Market Cap Weighted Average 18.3%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:505726 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:505726 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 2,451
2023-03-31 2,025
2022-03-31 1,703
2021-03-31 32,960 1,948 1,429 1
2020-03-31 28,784 1,516 1,058 1
2019-03-31 25,116 1,241 852 1
BSE:505726 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 25,430 878
2018-09-30 23,931 869
2018-06-30 23,289 882
2018-03-31 22,173 1,245 810
2017-12-31 20,897 594
2017-09-30 19,986 576
2017-06-30 18,486 453
2017-03-31 17,584 848 533
2016-12-31 16,583 931 533
2016-09-30 16,163 1,188 442
2016-06-30 15,448 981 357
2016-03-31 14,786 487 314

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • IFB Industries's earnings are expected to grow significantly at over 20% yearly.
  • IFB Industries's revenue is expected to grow by 12.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:505726 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from IFB Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:505726 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31
2021-03-31 34.60 34.60 34.60 1.00
2020-03-31 25.60 25.60 25.60 1.00
2019-03-31 20.60 20.60 20.60 1.00
BSE:505726 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 21.66
2018-09-30 21.45
2018-06-30 21.76
2018-03-31 19.98
2017-12-31 14.67
2017-09-30 14.22
2017-06-30 11.19
2017-03-31 13.15
2016-12-31 13.16
2016-09-30 10.91
2016-06-30 8.82
2016-03-31 7.74

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • IFB Industries is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess IFB Industries's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
IFB Industries has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has IFB Industries performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare IFB Industries's growth in the last year to its industry (Consumer Durables).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • IFB Industries has delivered over 20% year on year earnings growth in the past 5 years.
  • IFB Industries's 1-year earnings growth exceeds its 5-year average (47.7% vs 21.6%)
  • IFB Industries's earnings growth has exceeded the IN Consumer Durables industry average in the past year (47.7% vs 12.9%).
Earnings and Revenue History
IFB Industries's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from IFB Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:505726 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 25,429.70 877.90 4,074.80
2018-09-30 23,930.80 869.20 3,977.60
2018-06-30 23,288.80 882.40 3,851.40
2018-03-31 22,173.10 809.70 3,744.20
2017-12-31 20,896.60 594.20 3,270.90
2017-09-30 19,986.00 575.90 3,105.10
2017-06-30 18,486.30 453.10 3,298.00
2017-03-31 17,584.40 532.70 2,777.20
2016-12-31 16,583.00 533.10 2,607.60
2016-09-30 16,162.80 442.20 2,607.60
2016-06-30 15,447.90 357.30 2,607.60
2016-03-31 14,785.90 313.60 2,607.60
2015-12-31 14,357.20 275.30 2,027.00
2015-09-30 13,533.20 368.20 2,027.00
2015-06-30 12,970.20 429.20 2,027.00
2015-03-31 12,357.60 497.30 2,027.00
2014-12-31 11,849.00 576.40 2,585.70
2014-09-30 11,331.50 507.00 2,585.70
2014-06-30 10,582.90 354.40 2,585.70
2014-03-31 9,989.10 216.00 2,585.70
2013-12-31 9,400.70 165.90 2,175.60
2013-09-30 9,300.40 197.40 2,175.60
2013-06-30 9,278.60 286.60 2,175.60
2013-03-31 8,959.20 314.50 2,175.60
2012-12-31 8,883.20 316.80 1,821.80
2012-09-30 8,551.10 304.60 1,821.80
2012-06-30 8,241.20 277.00 1,821.80

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • IFB Industries has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • IFB Industries used its assets less efficiently than the IN Consumer Durables industry average last year based on Return on Assets.
  • IFB Industries has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess IFB Industries's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Durables industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
IFB Industries has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is IFB Industries's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up IFB Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • IFB Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • IFB Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of IFB Industries's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 11.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from IFB Industries Company Filings, last reported 3 months ago.

BSE:505726 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 5,988.50 819.20 1,601.30
2018-09-30 5,988.50 819.20 1,601.30
2018-06-30 5,641.50 682.00 1,733.00
2018-03-31 5,518.70 315.30 1,588.40
2017-12-31 5,153.30 667.80 1,473.90
2017-09-30 5,153.30 667.80 1,473.90
2017-06-30 4,752.90 401.90 1,002.60
2017-03-31 4,752.90 401.90 1,002.60
2016-12-31 4,648.90 575.20 1,105.30
2016-09-30 4,493.10 439.30 980.90
2016-06-30 4,315.10 618.40 1,166.80
2016-03-31 4,183.30 164.00 650.10
2015-12-31 4,133.10 632.70 975.80
2015-09-30 4,068.30 894.40 974.60
2015-06-30 3,975.10 752.10 926.70
2015-03-31 3,869.70 344.50 961.50
2014-12-31 3,779.00 771.00 1,371.70
2014-09-30 3,621.10 626.40 1,083.90
2014-06-30 3,470.50 597.50 1,214.00
2014-03-31 3,372.40 477.70 1,054.80
2013-12-31 3,281.40 693.30 913.10
2013-09-30 3,193.00 539.60 746.00
2013-06-30 3,177.70 453.00 1,168.90
2013-03-31 3,156.40 98.50 1,013.90
2012-12-31 3,115.50 69.70 992.20
2012-09-30 2,995.60 204.80 888.40
2012-06-30 2,904.90 0.00 990.50
  • IFB Industries's level of debt (13.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (21% vs 13.7% today).
  • Debt is well covered by operating cash flow (152%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 24.7x coverage).
X
Financial health checks
We assess IFB Industries's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. IFB Industries has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is IFB Industries's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from IFB Industries dividends.
If you bought ₹2,000 of IFB Industries shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate IFB Industries's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate IFB Industries's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:505726 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
India Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 0.5%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:505726 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31
2021-03-31
2020-03-31
2019-03-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as IFB Industries has not reported any payouts.
  • Unable to verify if IFB Industries's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of IFB Industries's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as IFB Industries has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess IFB Industries's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can IFB Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. IFB Industries has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of IFB Industries's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Bikram Nag
COMPENSATION ₹0
AGE 45
CEO Bio

Mr. Bikram Nag, BBA serves as the Managing Director and Joint Executive Chairman of IFB Industries Ltd. Mr. Nag has been the Joint Executive Chairman at IFB Agro Industries Ltd. since May 21, 2009 and has been its Whole Time Director since October 14, 1997. Mr. Nag has more than twelve years of experience in the field of Marketing and Business Management. He has made several significant contributions to IFB Agro Industries Ltd.'s growth and implementation of investment plans and business strategies. Mr. Nag holds B.B.A. from Richmond College, London.

CEO Compensation
  • Insufficient data for Bikram to compare compensation growth.
  • Bikram's remuneration is lower than average for companies of similar size in India.
Management Team

Bijon Nag

TITLE
Executive Chairman
COMPENSATION
₹10M
AGE
76

Bikram Nag

TITLE
Joint Executive Chairman & MD
AGE
45

Prabir Chatterjee

TITLE
CFO & Executive Director
COMPENSATION
₹8M
AGE
63

Goutam Chowdhury

TITLE
Compliance Officer & Company Secretary
COMPENSATION
₹6M

Sudam Maitra

TITLE
Deputy MD & Executive Director
COMPENSATION
₹10M
AGE
63
TENURE
4.6 yrs

Rajshankar Ray

TITLE
Chief Executive Officer of Home Appliances Division
COMPENSATION
₹9M

Partha Sen

TITLE
Chief Executive Officer of Engineering Division
COMPENSATION
₹8M

Amitabha Nag

TITLE
President
COMPENSATION
₹7M
AGE
62

Soumitra Goswami

TITLE
Deputy General Manager of Accounts & Finance

Susanta Das

TITLE
Head of Personnel & Administration
Board of Directors Tenure

Average tenure and age of the IFB Industries board of directors in years:

4.6
Average Tenure
63
Average Age
  • The tenure for the IFB Industries board of directors is about average.
Board of Directors

Bijon Nag

TITLE
Executive Chairman
COMPENSATION
₹10M
AGE
76

Bikram Nag

TITLE
Joint Executive Chairman & MD
AGE
45

Prabir Chatterjee

TITLE
CFO & Executive Director
COMPENSATION
₹8M
AGE
63
TENURE
6 yrs

Sudam Maitra

TITLE
Deputy MD & Executive Director
COMPENSATION
₹10M
AGE
63
TENURE
4.6 yrs

Rathindra Mitra

TITLE
Non-Executive Independent Director
COMPENSATION
₹625K
AGE
71
TENURE
15.8 yrs

Sudip Banerjee

TITLE
Non-Executive Director
COMPENSATION
₹400K
AGE
58
TENURE
7 yrs

Sangeeta Sumesh

TITLE
Non-Executive Independent Director
COMPENSATION
₹450K
TENURE
4.3 yrs

Rahul Choudhary

TITLE
Non-Executive Independent Director
COMPENSATION
₹250K
AGE
46
TENURE
1.8 yrs

Ashok Bhandari

TITLE
Non-Executive Independent Director
COMPENSATION
₹60K
AGE
65
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess IFB Industries's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. IFB Industries has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

IFB Industries Limited, together with its subsidiary, manufactures and trades in home appliances primarily in India. It offers domestic washing machines, microwave ovens, domestic and industrial dishwashers, clothes dryers, and modular kitchens; kitchen appliances, such as hobs, chimneys, and built-in ovens; air conditioners; and industrial washing systems, including dry cleaning and other finishing equipment. It also manufactures a range of parts and accessories for motor vehicles, etc.; and fine blanking components and cold rolled steel sheets. The company was formerly known as Indian Fine Blanks Limited. IFB Industries Limited was founded in 1974 and is based in Kolkata, India.

Details
Name: IFB Industries Limited
505726
Exchange: BSE
Founded: 1974
₹35,411,401,764
40,518,796
Website: http://www.ifbindustries.com
Address: IFB Industries Limited
Plot No. IND-5,
Sector I,
Kolkata,
West Bengal, 700107,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI IFBIND Equity Shares National Stock Exchange of India IN INR 29. Mar 1995
BSE 505726 Equity Shares Mumbai Stock Exchange IN INR 29. Mar 1995
Number of employees
Current staff
Staff numbers
1,804
IFB Industries employees.
Industry
Household Appliances
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 12:35
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/04/08
Last earnings filing: 2019/01/31
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.