IFB Agro Industries Ltd

IFB Agro Industries Ltd

₹ 550 2.63%
22 Jul 4:01 p.m.
About

Incorporated in 1982, IFB Agro Ltd manufactures Alcohol and Marine products[1]

Key Points

Business Overview:[1]
IFBAL is in the business of manufacturing alcohol, bottling of branded alcoholic beverages, processed marine foods for domestic and export markets and sale of feed

  • Market Cap 516 Cr.
  • Current Price 550
  • High / Low 654 / 388
  • Stock P/E
  • Book Value 590
  • Dividend Yield 0.00 %
  • ROCE -2.40 %
  • ROE -1.51 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.93 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -0.29% over past five years.
  • Company has a low return on equity of 6.40% over last 3 years.
  • Earnings include an other income of Rs.18.5 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
193.34 228.56 297.49 257.47 227.93 333.68 406.18 280.68 226.11 231.86 239.24 244.49 216.05
176.28 206.33 273.16 246.78 210.07 313.28 384.85 265.88 209.66 230.48 239.82 249.51 222.31
Operating Profit 17.06 22.23 24.33 10.69 17.86 20.40 21.33 14.80 16.45 1.38 -0.58 -5.02 -6.26
OPM % 8.82% 9.73% 8.18% 4.15% 7.84% 6.11% 5.25% 5.27% 7.28% 0.60% -0.24% -2.05% -2.90%
3.47 3.07 4.40 3.45 4.84 4.01 3.80 2.83 4.96 4.79 3.01 3.35 7.31
Interest 0.04 0.04 0.04 0.16 0.42 0.41 0.56 0.56 0.49 0.39 0.45 0.37 0.41
Depreciation 3.74 3.55 3.64 4.28 5.51 4.59 4.69 4.75 4.74 4.79 4.84 5.84 5.88
Profit before tax 16.75 21.71 25.05 9.70 16.77 19.41 19.88 12.32 16.18 0.99 -2.86 -7.88 -5.24
Tax % 13.73% 25.24% 15.53% 11.44% 25.10% 24.27% 19.01% 33.69% 37.21% -91.92% -26.57% -35.91% -45.99%
14.45 16.23 21.16 8.59 12.56 14.70 16.10 8.17 10.16 1.90 -2.10 -5.05 -2.83
EPS in Rs 15.43 17.33 22.59 9.17 13.41 15.69 17.19 8.72 10.85 2.03 -2.24 -5.39 -3.02
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
893 945 986 702 1,011 1,247 932
838 900 960 646 936 1,173 942
Operating Profit 55 45 26 55 75 73 -10
OPM % 6% 5% 3% 8% 7% 6% -1%
10 13 10 17 16 15 18
Interest 3 3 2 0 1 2 2
Depreciation 21 19 18 15 17 19 21
Profit before tax 41 36 17 57 73 68 -15
Tax % 30% 13% -32% 19% 20% 28% -46%
29 31 22 46 59 49 -8
EPS in Rs 30.56 33.48 23.69 49.51 62.50 52.45 -8.63
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 0%
3 Years: 10%
TTM: -25%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -117%
Stock Price CAGR
10 Years: 9%
5 Years: 10%
3 Years: -3%
1 Year: -2%
Return on Equity
10 Years: %
5 Years: 7%
3 Years: 6%
Last Year: -2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 9 9 9 9 9 9 9
Reserves 332 360 372 435 492 539 543
31 22 1 3 22 19 11
82 69 61 82 67 64 72
Total Liabilities 454 461 444 530 590 632 636
135 135 123 120 145 131 148
CWIP 6 2 4 11 2 7 1
Investments 131 113 101 60 101 110 119
182 211 215 339 342 383 368
Total Assets 454 461 444 530 590 632 636

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
4 42 2 36 105 32 -32
16 1 -6 47 -66 -17 -25
-15 -15 -22 -0 19 -7 -7
Net Cash Flow 6 28 -25 83 59 9 -63

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 26 23 24 55 25 15 31
Inventory Days 37 34 44 52 35 42 69
Days Payable 22 19 17 35 19 12 26
Cash Conversion Cycle 40 38 51 72 40 46 75
Working Capital Days 33 32 50 81 44 45 71
ROCE % 10% 5% 14% 15% 13% -2%

Shareholding Pattern

Numbers in percentages

2 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
65.00% 65.00% 65.00% 65.00% 65.00% 65.00% 65.00% 65.00% 65.00% 65.00% 65.00% 65.00%
0.22% 0.38% 0.39% 0.38% 0.29% 0.22% 0.19% 0.20% 0.21% 0.24% 0.16% 0.16%
1.12% 1.12% 1.12% 1.11% 1.12% 1.12% 1.12% 1.12% 1.12% 1.12% 1.12% 1.12%
33.66% 33.50% 33.49% 33.50% 33.58% 33.67% 33.70% 33.69% 33.66% 33.63% 33.72% 33.72%
No. of Shareholders 11,82411,69312,07312,57012,35412,45312,53212,44112,30912,49012,55112,484

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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