IFB Industries Ltd
About
IFB Industries Limited, formerly known as Indian Fine Blanks Limited, began its operations in collaboration with Hienrich Schmid AG of Switzerland in 1974. Its products include fine blanked tools, components, and machine tools, such as straighteners, decoilers, strip loaders, and more. IFB’s Appliances vertical began with the production of washing machines in 1989 and has since expanded to include laundry, kitchen, and living solutions like air conditioners, microwave ovens, dryers, etc. The company also encompasses automotive, agro, and travel solutions, offering products like radiator and condenser motors, doors, recliners, ready-to-cook and ready-to-fry foods, and hotels. The company’s engineering division is located in Kolkata and Bangalore, while the Bangalore unit also manufactures white goods and automotive components. IFB is credited with producing India’s first dishwasher, its first clothes dryer, and the first front-load washing machine.
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Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 5662 6.7% | 5307 20.3% | 4411 24.2% | 3551 8.2% | 3280 -3.3% | 3393 20.0% | 2828 27.4% | 2220 19.9% | 1851 16.3% | 1592 27.6% | 1248 12.3% | 1111 15.0% | 967 21.0% | 799 25.7% | 636 -18.6% | 781 - |
| Net Operating Income (INR Cr) | 5653 7.70% | 5249 21.64% | 4316 23.12% | 3505 5.21% | 3332 0.57% | 3313 20.40% | 2751 25.60% | 2191 0.00% | 1855 21.51% | 1526 25.30% | 1218 12.60% | 1082 14.82% | 942 21.17% | 778 28.93% | 603 23.09% | 490 16.11% |
| Profit (INR Cr) | 50 237.1% | 15 - | -48 - | 64 133.9% | 27 -62.4% | 73 -9.9% | 81 52.0% | 53 69.9% | 31 -36.9% | 50 130.2% | 22 -31.3% | 31 3.0% | 31 -39.3% | 50 -6.4% | 54 -82.9% | 315 - |
| Assets (INR Cr) | 989 -11.8% | 1121 2.3% | 1096 2.1% | 1074 -1.1% | 1086 51.7% | 716 12.5% | 636 15.4% | 551 17.0% | 471 3.3% | 456 9.3% | 417 16.2% | 359 29.7% | 277 17.6% | 236 53.2% | 154 36.5% | 113 - |
| Net Worth (INR Cr) | 718 7.5% | 667 3.0% | 648 -6.8% | 696 7.7% | 646 4.5% | 618 12.9% | 548 16.7% | 470 0.0% | 417 8.1% | 385 14.8% | 336 6.9% | 314 30.6% | 240 14.8% | 209 37.8% | 152 60.9% | 94 -133.7% |
| Employee Cost (INR Cr) | 439 8.5% | 405 8.8% | 372 21.3% | 307 2.7% | 299 13.3% | 264 21.9% | 216 33.0% | 163 4.6% | 156 27.1% | 122 25.0% | 98 15.3% | 85 21.6% | 70 10.9% | 63 24.7% | 51 28.9% | 39 - |
| Interest Cost (INR Cr) | 31 | 33 | 35 | 34 | 18 | 8 | 7 | 6 | 3 | 3 | 2 | 2 | 2 | 2 | 1 | 1 |
| Cash & Bank Balance (INR Cr) | 111 | 97 | 93 | 122 | 125 | 97 | 68 | 47 | 48 | 45 | 68 | 45 | 54 | 27 | 37 | 43 |
| Total Debt (INR Cr) | 164 | 353 | 363 | 293 | 357 | 31 | 32 | 40 | 16 | 34 | 48 | 10 | 0 | 0 | 0 | 0 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 0.9% | 0.3% | - | 1.8% | 0.8% | 2.2% | 2.9% | 2.4% | 1.7% | 3.1% | 1.7% | 2.8% | 3.2% | 6.3% | 8.5% | 40.4% |
| Profit As % Of Assets | 5.1% | 1.3% | - | 6.0% | 2.5% | 10.2% | 12.7% | 9.7% | 6.7% | 10.9% | 5.2% | 8.8% | 11.0% | 21.4% | 35.0% | 279.6% |
| Profit As % Of Networth | 7.0% | 2.2% | - | 9.2% | 4.2% | 11.8% | 14.8% | 11.3% | 7.5% | 12.9% | 6.4% | 10.0% | 12.7% | 24.0% | 35.4% | 333.5% |
| Interest Cost to EBITDA % | 15.7% | 20.2% | 71.4% | 15.8% | 14.7% | 6.6% | 4.2% | 6.1% | 4.5% | 2.9% | 4.8% | 3.4% | 4.4% | 2.7% | 1.9% | 3.8% |
| Debt to Equity Ratio | 0.23 | 0.53 | 0.56 | 0.42 | 0.55 | 0.05 | 0.06 | 0.09 | 0.04 | 0.09 | 0.14 | 0.03 | - | - | - | 0.00 |
| RONW | 6.2% | 1.5% | - | 9.6% | 4.1% | 9.4% | 15.6% | 11.0% | 6.3% | 11.9% | 6.6% | 10.5% | 10.9% | 18.3% | 19.4% | 16.7% |
| ROCE | 8.8% | 5.1% | -3.6% | 12.3% | 5.0% | 11.8% | 20.7% | 13.0% | 6.8% | 12.1% | 8.1% | 13.3% | 12.2% | 24.5% | 21.7% | 9.6% |