Duyuru • Jul 06
IFB Industries Limited, Annual General Meeting, Jul 29, 2026 IFB Industries Limited, Annual General Meeting, Jul 29, 2026, at 10:30 Indian Standard Time. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹1,255, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 32x in the Consumer Durables industry in India. Total returns to shareholders of 57% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹757 per share. Reported Earnings • May 26
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: ₹35.43 (up from ₹29.35 in FY 2025). Revenue: ₹56.5b (up 11% from FY 2025). Net income: ₹1.44b (up 21% from FY 2025). Profit margin: 2.5% (up from 2.3% in FY 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 10%. Revenue is forecast to grow 8.8% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Duyuru • May 02
IFB Industries Limited to Report Q4, 2026 Results on May 26, 2026 IFB Industries Limited announced that they will report Q4, 2026 results on May 26, 2026 Price Target Changed • Feb 05
Price target decreased by 7.5% to ₹1,687 Down from ₹1,824, the current price target is an average from 3 analysts. New target price is 50% above last closing price of ₹1,122. Stock is down 18% over the past year. The company is forecast to post earnings per share of ₹40.40 for next year compared to ₹29.35 last year. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹1,121, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 32x in the Consumer Durables industry in India. Total returns to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹690 per share. Reported Earnings • Jan 25
Third quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2026 results: EPS: ₹5.91 (down from ₹7.67 in 3Q 2025). Revenue: ₹14.2b (up 12% from 3Q 2025). Net income: ₹239.4m (down 23% from 3Q 2025). Profit margin: 1.7% (down from 2.4% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 9.1%. Earnings per share (EPS) missed analyst estimates by 39%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Duyuru • Jan 16
IFB Industries Limited to Report Q3, 2026 Results on Jan 24, 2026 IFB Industries Limited announced that they will report Q3, 2026 results at 12:08 PM, Indian Standard Time on Jan 24, 2026 Price Target Changed • Nov 11
Price target increased by 9.7% to ₹1,698 Up from ₹1,548, the current price target is an average from 3 analysts. New target price is 5.9% below last closing price of ₹1,803. Stock is up 12% over the past year. The company is forecast to post earnings per share of ₹42.60 for next year compared to ₹29.35 last year. Reported Earnings • Nov 01
Second quarter 2026 earnings: EPS and revenues exceed analyst expectations Second quarter 2026 results: EPS: ₹12.53 (up from ₹7.76 in 2Q 2025). Revenue: ₹13.8b (up 13% from 2Q 2025). Net income: ₹507.9m (up 62% from 2Q 2025). Profit margin: 3.7% (up from 2.6% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) also surpassed analyst estimates by 41%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Duyuru • Oct 19
IFB Industries Limited to Report Q2, 2026 Results on Oct 30, 2025 IFB Industries Limited announced that they will report Q2, 2026 results on Oct 30, 2025 Valuation Update With 7 Day Price Move • Sep 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹1,836, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 40x in the Consumer Durables industry in India. Total returns to shareholders of 108% over the past three years. Recent Insider Transactions • Sep 12
Insider recently sold ₹5.2m worth of stock On the 9th of September, Siddhartha Chatterjee sold around 3k shares on-market at roughly ₹1,530 per share. This transaction amounted to 40% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹24m more than they bought in the last 12 months. Price Target Changed • Aug 22
Price target decreased by 9.0% to ₹1,450 Down from ₹1,593, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of ₹1,475. Stock is down 29% over the past year. The company is forecast to post earnings per share of ₹41.60 for next year compared to ₹29.35 last year. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹1,539, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 37x in the Consumer Durables industry in India. Total returns to shareholders of 45% over the past three years. Reported Earnings • Jul 09
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: ₹29.35 (up from ₹12.43 in FY 2024). Revenue: ₹50.9b (up 15% from FY 2024). Net income: ₹1.19b (up 136% from FY 2024). Profit margin: 2.3% (up from 1.1% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 1.6%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jun 28
Insider recently sold ₹3.1m worth of stock On the 24th of June, Jayanta Chanda sold around 2k shares on-market at roughly ₹1,572 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹19m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹1,568, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 39x in the Consumer Durables industry in India. Total returns to shareholders of 69% over the past three years. Reported Earnings • May 29
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: ₹29.35 (up from ₹12.43 in FY 2024). Revenue: ₹51.3b (up 16% from FY 2024). Net income: ₹1.19b (up 136% from FY 2024). Profit margin: 2.3% (up from 1.1% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 1.6%. Revenue is forecast to grow 9.5% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Duyuru • Apr 28
IFB Industries Limited to Report Q4, 2025 Results on May 28, 2025 IFB Industries Limited announced that they will report Q4, 2025 results on May 28, 2025 Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹1,306, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 37x in the Consumer Durables industry in India. Total returns to shareholders of 37% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹562 per share. Price Target Changed • Feb 08
Price target decreased by 8.5% to ₹1,658 Down from ₹1,813, the current price target is an average from 3 analysts. New target price is 26% above last closing price of ₹1,317. Stock is down 2.1% over the past year. The company is forecast to post earnings per share of ₹34.10 for next year compared to ₹12.43 last year. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹1,362, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 39x in the Consumer Durables industry in India. Total returns to shareholders of 42% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹711 per share. Reported Earnings • Jan 29
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: ₹7.67 (up from ₹4.31 in 3Q 2024). Revenue: ₹12.7b (up 9.4% from 3Q 2024). Net income: ₹310.9m (up 78% from 3Q 2024). Profit margin: 2.4% (up from 1.5% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) also missed analyst estimates by 49%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 121% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Duyuru • Jan 29
Ifb Industries Limited Appoints Sreedevi Pillai as Additional Director and an Independent Woman Director IFB Industries Limited announced board has appointed sreedevi pillai as Additional director and an Independent Woman director. Sreedevi Pillai (61), holds a MSc in Mathematics from St Stephen's College, University of Delhi. Ms. Sreedevi Pillai retired as Chief General Manager, Risk Management, from the Corporate Centre of State Bank of India, after a long and diverse career ofover 36 years spanning all areas of commercial Banking. She joined SBI as a Probationary Officer in 1987, and has experience in Branch Banking, Retail Banking,
commercial Credit and in the Bank's Custodial and Fund Accounting, services joint Venture and of working in different geographies in India. She has over the years, specialized in Risk Management with interests in Risk modelling, Fraud Management, Climate Risk & resilience building. To nurture these interests, she has acquired Certifications of the US based Global Association of Risk Professionals. She is both a Financial Risk Manager and Sustainability and Climate risk Certificate holder from GARP. Duyuru • Jan 20
IFB Industries Limited to Report Q3, 2025 Results on Jan 28, 2025 IFB Industries Limited announced that they will report Q3, 2025 results at 12:08 PM, Indian Standard Time on Jan 28, 2025 Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹1,663, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 43x in the Consumer Durables industry in India. Total returns to shareholders of 42% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹732 per share. Recent Insider Transactions • Jan 02
Insider recently sold ₹1.1m worth of stock On the 26th of December, Jayanta Chanda sold around 550 shares on-market at roughly ₹1,915 per share. This transaction amounted to 4.6% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹3.4m. Insiders have been net sellers, collectively disposing of ₹16m more than they bought in the last 12 months. New Risk • Dec 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.1% average weekly change). Minor Risk Significant insider selling over the past 3 months (₹15m sold). Recent Insider Transactions • Dec 03
Insider recently sold ₹3.4m worth of stock On the 27th of November, Jayanta Chanda sold around 2k shares on-market at roughly ₹1,600 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹9.5m. Insiders have been net sellers, collectively disposing of ₹15m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to ₹1,573, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 44x in the Consumer Durables industry in India. Total returns to shareholders of 26% over the past three years. Reported Earnings • Oct 27
Second quarter 2025 earnings released: EPS: ₹7.76 (vs ₹5.31 in 2Q 2024) Second quarter 2025 results: EPS: ₹7.76 (up from ₹5.31 in 2Q 2024). Revenue: ₹12.3b (up 12% from 2Q 2024). Net income: ₹314.1m (up 46% from 2Q 2024). Profit margin: 2.5% (up from 2.0% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Duyuru • Oct 20
IFB Industries Limited to Report Q2, 2025 Results on Oct 26, 2024 IFB Industries Limited announced that they will report Q2, 2025 results on Oct 26, 2024 Recent Insider Transactions • Oct 05
Board Member recently sold ₹9.5m worth of stock On the 26th of September, Rajshankar Ray sold around 5k shares on-market at roughly ₹1,825 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹11m more than they bought in the last 12 months. Recent Insider Transactions • Sep 28
Insider recently sold ₹1.9m worth of stock On the 19th of September, Jayanta Chanda sold around 1k shares on-market at roughly ₹1,950 per share. This transaction amounted to 6.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Price Target Changed • Aug 08
Price target increased by 11% to ₹1,421 Up from ₹1,276, the current price target is an average from 3 analysts. New target price is 32% below last closing price of ₹2,083. Stock is up 153% over the past year. The company is forecast to post earnings per share of ₹45.50 for next year compared to ₹12.43 last year. Duyuru • Jul 21
IFB Industries Limited to Report Q1, 2025 Results on Jul 27, 2024 IFB Industries Limited announced that they will report Q1, 2025 results at 4:00 PM, Indian Standard Time on Jul 27, 2024 Duyuru • Jul 16
IFB Industries Limited Announces Resignation of Raj Shankar Ray as Managing Director & CEO of Home Appliances Division IFB Industries Limited announced that Mr. Raj Shankar Ray, Managing Director & CEO of Home Appliances Division has tendered his resignation from the office of the Managing Director & CEO of Home Appliances Division of the Company due to personal reasons and he will be released after the notice period of 90 (Ninety) days. New Risk • Jul 08
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 30% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.6% average weekly change). Large one-off items impacting financial results. Reported Earnings • Jul 08
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: ₹12.43 (up from ₹3.69 in FY 2023). Revenue: ₹44.4b (up 5.8% from FY 2023). Net income: ₹503.6m (up 237% from FY 2023). Profit margin: 1.1% (up from 0.4% in FY 2023). Revenue missed analyst estimates by 6.2%. Earnings per share (EPS) also missed analyst estimates by 45%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Duyuru • Jul 04
IFB Industries Limited, Annual General Meeting, Jul 29, 2024 IFB Industries Limited, Annual General Meeting, Jul 29, 2024, at 10:00 Indian Standard Time. Location: club ecohub, ecospace business, park, plot no. iif/11, action, area ii, rajarhat, newtown, kolkata- 700160, kolkata India New Risk • Jun 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 9.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • May 29
Full year 2024 earnings released: EPS: ₹12.43 (vs ₹3.69 in FY 2023) Full year 2024 results: EPS: ₹12.43 (up from ₹3.69 in FY 2023). Revenue: ₹44.7b (up 6.6% from FY 2023). Net income: ₹503.6m (up 237% from FY 2023). Profit margin: 1.1% (up from 0.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Duyuru • May 22
IFB Industries Limited to Report Q4, 2024 Results on May 27, 2024 IFB Industries Limited announced that they will report Q4, 2024 results on May 27, 2024 Price Target Changed • Feb 05
Price target increased by 15% to ₹1,235 Up from ₹1,073, the current price target is an average from 3 analysts. New target price is 6.6% below last closing price of ₹1,322. Stock is up 62% over the past year. The company is forecast to post earnings per share of ₹14.20 for next year compared to ₹3.69 last year. Reported Earnings • Jan 27
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2024 results: EPS: ₹4.31 (up from ₹0.28 loss in 3Q 2023). Revenue: ₹11.7b (up 17% from 3Q 2023). Net income: ₹174.5m (up ₹185.9m from 3Q 2023). Profit margin: 1.5% (up from net loss in 3Q 2023). Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) exceeded analyst estimates by 16%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Duyuru • Jan 19
IFB Industries Limited to Report Q3, 2024 Results on Jan 25, 2024 IFB Industries Limited announced that they will report Q3, 2024 results on Jan 25, 2024 Reported Earnings • Nov 04
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: ₹5.31 (down from ₹5.95 in 2Q 2023). Revenue: ₹11.0b (down 1.6% from 2Q 2023). Net income: ₹215.3m (down 11% from 2Q 2023). Profit margin: 2.0% (down from 2.2% in 2Q 2023). Revenue missed analyst estimates by 7.5%. Earnings per share (EPS) also missed analyst estimates by 3.5%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Duyuru • Oct 21
IFB Industries Limited to Report Q2, 2024 Results on Oct 30, 2023 IFB Industries Limited announced that they will report Q2, 2024 results on Oct 30, 2023 Price Target Changed • Aug 12
Price target increased by 7.6% to ₹1,063 Up from ₹988, the current price target is an average from 3 analysts. New target price is 28% above last closing price of ₹830. Stock is down 20% over the past year. The company is forecast to post earnings per share of ₹19.70 for next year compared to ₹3.69 last year. Duyuru • Jul 23
IFB Industries Limited to Report Q1, 2024 Results on Jul 28, 2023 IFB Industries Limited announced that they will report Q1, 2024 results on Jul 28, 2023 New Risk • Jul 13
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 49% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 12
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: ₹3.69 (up from ₹11.89 loss in FY 2022). Revenue: ₹41.9b (up 23% from FY 2022). Net income: ₹149.4m (up ₹631.0m from FY 2022). Profit margin: 0.4% (up from net loss in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 64%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Duyuru • Jun 22
IFB Industries Limited, Annual General Meeting, Jul 31, 2023 IFB Industries Limited, Annual General Meeting, Jul 31, 2023, at 10:30 Indian Standard Time. Duyuru • Jun 02
IFB Industries Limited Appoints Ritesh Agarwal as Company Secretary & Compliance Officer IFB Industries Limited announced appointment of Mr. Ritesh Agarwal as the Company Secretary & Compliance Officer of the Company, Mr. Agarwal has joined the Company with effective from June 1, 2023. Reported Earnings • May 31
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: ₹3.69 (up from ₹11.89 loss in FY 2022). Revenue: ₹42.2b (up 24% from FY 2022). Net income: ₹149.4m (up ₹631.0m from FY 2022). Profit margin: 0.4% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 64%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Duyuru • May 17
IFB Industries Limited to Report Q4, 2023 Results on May 27, 2023 IFB Industries Limited announced that they will report Q4, 2023 results on May 27, 2023 Price Target Changed • Feb 18
Price target decreased by 9.2% to ₹935 Down from ₹1,030, the current price target is an average from 2 analysts. New target price is 12% above last closing price of ₹835. Stock is down 10% over the past year. The company is forecast to post earnings per share of ₹10.30 next year compared to a net loss per share of ₹11.89 last year. Reported Earnings • Jan 31
Third quarter 2023 earnings released: ₹0.28 loss per share (vs ₹0.79 loss in 3Q 2022) Third quarter 2023 results: ₹0.28 loss per share (improved from ₹0.79 loss in 3Q 2022). Revenue: ₹10.0b (up 5.3% from 3Q 2022). Net loss: ₹11.4m (loss narrowed 65% from 3Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Reported Earnings • Oct 31
Second quarter 2023 earnings released: EPS: ₹5.95 (vs ₹6.07 in 2Q 2022) Second quarter 2023 results: EPS: ₹5.95 (down from ₹6.07 in 2Q 2022). Revenue: ₹11.2b (up 13% from 2Q 2022). Net income: ₹241.2m (down 1.9% from 2Q 2022). Profit margin: 2.2% (down from 2.5% in 2Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Duyuru • Oct 21
IFB Industries Limited to Report Q2, 2023 Results on Oct 28, 2022 IFB Industries Limited announced that they will report Q2, 2023 results on Oct 28, 2022 Duyuru • Jul 21
IFB Industries Limited to Report Q1, 2023 Results on Jul 28, 2022 IFB Industries Limited announced that they will report Q1, 2023 results on Jul 28, 2022 Reported Earnings • Jul 07
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: ₹11.89 loss per share (down from ₹15.82 profit in FY 2021). Revenue: ₹34.2b (up 22% from FY 2021). Net loss: ₹481.6m (down 175% from profit in FY 2021). Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) also missed analyst estimates by 272%. Over the next year, revenue is forecast to grow 19%, compared to a 28% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Duyuru • Jul 06
IFB Industries Limited, Annual General Meeting, Jul 29, 2022 IFB Industries Limited, Annual General Meeting, Jul 29, 2022, at 10:30 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial year ended March 31, 2022, including the audited Balance Sheet as at March 31, 2022, the statement of Profit and Loss for the year ended on that date and the reports of the Board of Directors and Auditors thereon; to receive, consider and adopt Audited Consolidated Financial Statements of the Company for the year ended March 31, 2022 and the Report of the Auditors thereon; to consider board changes; and to consider other matters. Reported Earnings • May 30
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: ₹11.89 loss per share (down from ₹15.61 profit in FY 2021). Revenue: ₹34.3b (up 23% from FY 2021). Net loss: ₹481.6m (down 176% from profit in FY 2021). Revenue missed analyst estimates by 100%. Earnings per share (EPS) exceeded analyst estimates by 100%. Over the next year, revenue is forecast to grow 20%, compared to a 27% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Duyuru • May 21
IFB Industries Limited to Report Q4, 2022 Results on May 28, 2022 IFB Industries Limited announced that they will report Q4, 2022 results on May 28, 2022 Price Target Changed • Apr 27
Price target decreased to ₹1,026 Down from ₹1,405, the current price target is provided by 1 analyst. New target price is 11% above last closing price of ₹926. Stock is down 7.7% over the past year. The company is forecast to post a net loss per share of ₹3.20 compared to earnings per share of ₹15.61 last year. Price Target Changed • Feb 23
Price target decreased to ₹1,072 Down from ₹1,405, the current price target is provided by 1 analyst. New target price is 17% above last closing price of ₹916. Stock is down 27% over the past year. The company posted earnings per share of ₹15.61 last year. Reported Earnings • Feb 02
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: ₹0.79 loss per share (down from ₹16.94 profit in 3Q 2021). Revenue: ₹9.58b (flat on 3Q 2021). Net loss: ₹32.1m (down 105% from profit in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Duyuru • Feb 02
IFB Industries Limited to Report Q3, 2022 Results on Feb 01, 2022 IFB Industries Limited announced that they will report Q3, 2022 results on Feb 01, 2022 Reported Earnings • Nov 01
Second quarter 2022 earnings released: EPS ₹6.07 (vs ₹7.87 in 2Q 2021) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: ₹9.95b (up 34% from 2Q 2021). Net income: ₹245.9m (down 23% from 2Q 2021). Profit margin: 2.5% (down from 4.3% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment improved over the past week After last week's 16% share price gain to ₹1,060, the stock trades at a trailing P/E ratio of 61.2x. Average trailing P/E is 37x in the Consumer Durables industry in India. Total loss to shareholders of 8.0% over the past three years. Reported Earnings • Jul 15
Full year 2021 earnings released: EPS ₹15.61 (vs ₹6.77 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹28.0b (up 6.2% from FY 2020). Net income: ₹632.4m (up 131% from FY 2020). Profit margin: 2.3% (up from 1.0% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Jun 17
Full year 2021 earnings released: EPS ₹15.61 (vs ₹6.77 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹28.2b (up 7.1% from FY 2020). Net income: ₹632.4m (up 131% from FY 2020). Profit margin: 2.2% (up from 1.0% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Duyuru • Feb 11
IFB Industries Limited Announces Executive Changes IFB Industries Limited informed that the Board of Directors of the Company through resolution by circulation dated 10th February, 2021 inducted Mr. Desh Raj Dogra and Mr. Biswadip Gupta appointed as Additional and Independent Directors of the company. Mr. Desh Raj Dogra retired in 2016 as Managing Director and CEO of CARE Ratings. Mr. Biswadip Gupta is a BE (Metallurgy) and MBA (Marketing) and has more than 43 years' experience in the steel and refractory industry. He is Chairman of Vesuvius India Ltd., and Founder of Vesuvius India Ltd. and was Managing Director for over 27 years. Reported Earnings • Jan 29
Third quarter 2021 earnings released: EPS ₹16.94 (vs ₹3.67 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹9.60b (up 34% from 3Q 2020). Net income: ₹686.6m (up 363% from 3Q 2020). Profit margin: 7.1% (up from 2.1% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Jan 22
New 90-day high: ₹1,385 The company is up 93% from its price of ₹718 on 23 October 2020. The Indian market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 34% over the same period. Duyuru • Jan 22
IFB Industries Limited to Report Q3, 2021 Results on Jan 28, 2021 IFB Industries Limited announced that they will report Q3, 2021 results on Jan 28, 2021 Is New 90 Day High Low • Dec 29
New 90-day high: ₹1,187 The company is up 96% from its price of ₹604 on 30 September 2020. The Indian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 26% over the same period. Is New 90 Day High Low • Dec 07
New 90-day high: ₹832 The company is up 52% from its price of ₹546 on 08 September 2020. The Indian market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 18% over the same period. Is New 90 Day High Low • Nov 12
New 90-day high: ₹781 The company is up 86% from its price of ₹420 on 14 August 2020. The Indian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 15% over the same period. Price Target Changed • Nov 12
Price target raised to ₹365 Up from ₹310, the current price target is provided by 1 analyst. The new target price is 53% below the current share price of ₹781. As of last close, the stock is up 5.6% over the past year. Duyuru • Oct 18
IFB Industries Limited to Report Q2, 2021 Results on Oct 30, 2020 IFB Industries Limited announced that they will report Q2, 2021 results on Oct 30, 2020 Duyuru • Sep 21
IFB Industries Limited(BSE:505726) dropped from S&P Global BMI Index IFB Industries Limited(BSE:505726) dropped from S&P Global BMI Index Duyuru • Aug 13
IFB Industries Limited Announces Reduction of Manpower IFB Industries Limited announced reduction of manpower. The company announced that OEMs began opening their plants in June, after sanitisation, with greatly reduced manpower this led to very low production numbers as most of the dealers did not become fully operational due to lockdowns in individual states. Duyuru • Jun 18
IFB Industries Limited to Report Q4, 2020 Results on Jun 30, 2020 IFB Industries Limited announced that they will report Q4, 2020 results on Jun 30, 2020 
