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IFB Industries Ltd., incorporated in the year 1974, is a Mid Cap company (having a market cap of Rs 3462.94 Crore) operating in Consumer Durables sector.
IFB Industries Ltd. key Products/Revenue Segments include Washing Machines, Fine Blanked Components (Heavier), Microwave Oven (Traded), Air Conditioners (Traded), Accessories, Dish Washers, Spares And Others, Sale of services, Others, Scrap, Motors, Dryers & Drying Systems, Equipment Industrial, Press Tools & Dies, Other Operating Revenue for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 904.86 Crore, down -5.56 % from last quarter Total Income of Rs 958.11 Crore and up 8.74 % from last year same quarter Total Income of Rs 832.14 Crore. Company reported net profit after tax of Rs -28.29 Crore in latest quarter.
Investment Rationale
The brokerage expects IFBI to report revenue CAGR of 17% over FY22-FY24E. While scale-up in AC and top-load washing machine would offer healthy growth prospects, but margin recovery will be challenged by input costs pressures amid high competitive intensity.
Promoter/FII Holdings
Promoters held 74.96 per cent stake in the company as of 31-Mar-2022, while FIIs owned 6.99 per cent, DIIs 4.04 per cent.
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