NSEI:IFBIND

Stock Analysis Report

Executive Summary

IFB Industries Limited, together with its subsidiaries, manufactures and trades in home appliances primarily in India.


Snowflake Analysis

Excellent balance sheet with poor track record.


Similar Companies

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.


Market Performance


7 Day Return

-1.3%

IFBIND

0.06%

IN Consumer Durables

-0.8%

IN Market


1 Year Return

-32.3%

IFBIND

36.5%

IN Consumer Durables

11.1%

IN Market

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.


Shareholder returns

IFBINDIndustryMarket
7 Day-1.3%0.06%-0.8%
30 Day-22.9%4.7%-2.3%
90 Day-23.5%11.9%2.1%
1 Year-32.3%-32.3%37.3%36.5%13.1%11.1%
3 Year-16.1%-16.1%47.4%45.2%22.9%16.2%
5 Year5.4%5.4%95.4%90.7%34.9%22.6%

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

Valuation

Is IFB Industries undervalued compared to its fair value and its price relative to the market?

40.42x

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).


Next Steps

Future Growth

How is IFB Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

23.9%

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.


Next Steps

Past Performance

How has IFB Industries performed over the past 5 years?

13.2%

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


Next Steps

Financial Health

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).


Balance Sheet

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).


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%0.6%markettop25%2.5%industryaverage0.4%forecastin3Yearsn/a

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.1yrs

Average board tenure


CEO

Bikram Nag (46yo)

0

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  ...


Board Members

NamePositionTenureCompensationOwnership
Bijon Nag
Executive Chairman0yrs₹14.17m0.39% 83.5m
Prabir Chatterjee
CFO & Executive Director6.8yrs₹7.94m0.046% 9.9m
Bikram Nag
Joint Executive Chairman & MD0yrsno data0.0074% 1.6m
Sudip Banerjee
Non-Executive Director7.8yrs₹400.00kno data
Rathindra Mitra
Non-Executive Independent Director16.7yrs₹595.00kno data
Chacko Joseph
Additional Independent Director0.3yrsno datano data
Rahul Choudhary
Non-Executive Independent Director2.6yrs₹385.00kno data
Sangeeta Sumesh
Non-Executive Independent Director5.1yrs₹450.00kno data
Ashok Bhandari
Non-Executive Independent Director2.1yrs₹370.00kno data

5.1yrs

Average Tenure

62yo

Average Age

Experienced Board: IFBIND's board of directors are considered experienced (5.1 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

IFB Industries Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • IFB Industries Limited
  • Plot No. IND-5
  • Sector - I
  • Kolkata
  • West Bengal
  • 700107
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
505726BSE (Mumbai Stock Exchange)YesEquity SharesININRMar 1995
IFBINDNSEI (National Stock Exchange of India)YesEquity SharesININRMar 1995

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 12:53
End of Day Share Price2020/02/17 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.