IFB Industries Limited, together with its subsidiaries, manufactures and trades in home appliances primarily in India.
Excellent balance sheet with poor track record.
Share Price & News
How has IFB Industries's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IFBIND's share price has been volatile over the past 3 months.
7 Day Return
IN Consumer Durables
1 Year Return
IN Consumer Durables
Return vs Industry: IFBIND underperformed the Indian Consumer Durables industry which returned 34.8% over the past year.
Return vs Market: IFBIND underperformed the Indian Market which returned 11.1% over the past year.
Price Volatility Vs. Market
How volatile is IFB Industries's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StHere's What IFB Industries Limited's (NSE:IFBIND) P/E Is Telling Us
3 weeks ago | Simply Wall StThe IFB Industries (NSE:IFBIND) Share Price Has Gained 33% And Shareholders Are Hoping For More
1 month ago | Simply Wall StDid IFB Industries Limited (NSE:IFBIND) Use Debt To Deliver Its ROE Of 8.4%?
Is IFB Industries undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: IFBIND (₹522.9) is trading above our estimate of fair value (₹277.77)
Significantly Below Fair Value: IFBIND is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: IFBIND is poor value based on its PE Ratio (40.4x) compared to the Consumer Durables industry average (22.9x).
PE vs Market: IFBIND is poor value based on its PE Ratio (40.4x) compared to the Indian market (13.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate IFBIND's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: IFBIND is overvalued based on its PB Ratio (3.2x) compared to the IN Consumer Durables industry average (1.4x).
How is IFB Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Consumer Durables industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as IFB Industries has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine IFB Industries's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- IFB Industries competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Durables industry.
How has IFB Industries performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IFBIND has a large one-off gain of ₹234.2M impacting its December 31 2019 financial results.
Growing Profit Margin: IFBIND's current net profit margins (1.9%) are lower than last year (3.5%).
Past Earnings Growth Analysis
Earnings Trend: IFBIND's earnings have grown by 13.2% per year over the past 5 years.
Accelerating Growth: IFBIND's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: IFBIND had negative earnings growth (-40.3%) over the past year, making it difficult to compare to the Consumer Durables industry average (13.9%).
Return on Equity
High ROE: IFBIND's Return on Equity (7.6%) is considered low.
Return on Assets
Return on Capital Employed
How is IFB Industries's financial position?
Financial Position Analysis
Short Term Liabilities: IFBIND's short term assets (₹9.4B) exceed its short term liabilities (₹5.9B).
Long Term Liabilities: IFBIND's short term assets (₹9.4B) exceed its long term liabilities (₹2.8B).
Debt to Equity History and Analysis
Debt Level: IFBIND's debt to equity ratio (37.8%) is considered satisfactory.
Reducing Debt: IFBIND's debt to equity ratio has increased from 20.3% to 37.8% over the past 5 years.
Debt Coverage: IFBIND's debt is well covered by operating cash flow (51.6%).
Interest Coverage: IFBIND's interest payments on its debt are well covered by EBIT (20.9x coverage).
Inventory Level: IFBIND has a high level of physical assets or inventory.
Debt Coverage by Assets: IFBIND's debt is covered by short term assets (assets are 3.7x debt).
What is IFB Industries's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate IFBIND's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate IFBIND's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if IFBIND's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if IFBIND's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of IFBIND's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Bikram Nag (46yo)
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 ...
|Executive Chairman||0yrs||₹14.17m||0.39% ₹83.5m|
|CFO & Executive Director||6.8yrs||₹7.94m||0.046% ₹9.9m|
|Joint Executive Chairman & MD||0yrs||no data||0.0074% ₹1.6m|
|Non-Executive Director||7.8yrs||₹400.00k||no data|
|Non-Executive Independent Director||16.7yrs||₹595.00k||no data|
|Additional Independent Director||0.3yrs||no data||no data|
|Non-Executive Independent Director||2.6yrs||₹385.00k||no data|
|Non-Executive Independent Director||5.1yrs||₹450.00k||no data|
|Non-Executive Independent Director||2.1yrs||₹370.00k||no data|
Experienced Board: IFBIND's board of directors are considered experienced (5.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
IFB Industries Limited's company bio, employee growth, exchange listings and data sources
- Name: IFB Industries Limited
- Ticker: IFBIND
- Exchange: NSEI
- Founded: 1974
- Industry: Household Appliances
- Sector: Consumer Durables
- Market Cap: ₹21.432b
- Shares outstanding: 40.52m
- Website: https://www.ifbindustries.com
Number of Employees
- IFB Industries Limited
- Plot No. IND-5
- Sector - I
- West Bengal
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|505726||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||Mar 1995|
|IFBIND||NSEI (National Stock Exchange of India)||Yes||Equity Shares||IN||INR||Mar 1995|
IFB Industries Limited, together with its subsidiaries, 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. The company also provides a range of parts and accessories for motor vehicles, etc.; and fine blanked components and cold rolled steel sheets, as well as tools and related machine tools, such as straighteners, decoilers, strip loaders, and others. In addition, IFB Industries Limited exports its products. The company was formerly known as Indian Fine Blanks Limited. IFB Industries Limited was founded in 1974 and is based in Kolkata, India.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/17 12:53|
|End of Day Share Price||2020/02/17 00:00|
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.