IFB Agro Industries Ltd. (IFBAGRO) AI Stock Analysis

• Market Cap: ₹12.17B
• Dividend Yield: N/A
• Average Volume (3M): 6.19K
• Price to Earnings (P/E): 25.5
• Beta (1Y): 1.30
• Revenue Growth: 23.11%
• EPS Growth: 1930.97%
• Country: IN
• Employees: 426
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Beverages - Wineries & Distilleries
• EPS (TTM): 7.79
• Shares Outstanding: 9,367,111
• 10 Day Avg. Volume: 4,723
• 30 Day Avg. Volume: 6,192
• PEG Ratio: -0.05
• Price to Book (P/B): 0.74
• Price to Sales (P/S): 0.43
• P/FCF Ratio: 10.63
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 72 Outperform
• Price Target: ₹1,442.00 ▼(-11.71% Downside)

The score is driven primarily by solid underlying financial health (very low leverage and improving profitability/cash generation). Technicals are supportive with strong momentum and the price above major moving averages, but near-overbought indicators temper the outlook. Valuation is the main headwind due to the relatively high P/E and no dividend yield data to offset it.

Positive Factors

Very low leverage

Minimal financial leverage gives IFB Agro durable financial flexibility to fund capex, absorb state-level excise shocks, and support working capital without refinancing risk. A strong equity base underpins resilience through cyclical pressures and strategic investments.

Improved cash generation

A large rebound in free cash flow and strong cash conversion from profits enhance the company’s ability to self-fund growth, invest in production/distribution capacity, and cushion margin pressure. Improved FCF supports longer-term strategic optionality.

Revenue and margin recovery

Sustained top-line growth with recovering gross and net margins signals rising product demand and better pricing/mix. This trend supports franchise economics over the medium term and indicates operational recovery that can compound if scale and mix improvements persist.

Negative Factors

Weak operating efficiency

Very low EBIT margins limit the company’s ability to absorb input-cost inflation, fund marketing or expand distribution profitably, and generate returns on incremental revenue. Structural margin improvement is needed for durable earnings power and ROE expansion.

Cash flow volatility history

Prior swings and an earlier negative FCF year raise doubts about free-cash-flow durability. Volatile cash generation can constrain consistent reinvestment, dividend support, and raises reliance on external funding during downturns, impairing long-term planning.

Regulatory and state-level exposure

Business economics depend on variable state excise regimes and licensing which can change realizations and distribution access. This structural regulatory fragmentation elevates execution risk, limits scalable national rollouts, and can cause persistent margin dispersion.

IFB Agro Industries Ltd. Business Overview & Revenue Model

Company Description

IFB Agro Industries Limited engages in the manufacture and distribution of alcoholic beverages and processed marine foods in India. It operates in two segments, Spirit, Liquor, Spirituous Beverages and Allied Products; and Marine Products. The company offers extra neutral alcohol for use in potable liquor, homeopathic medicine etc.; bottles country and India made Indian liquor; and marine food products, including prawn, fish, etc., as well as sells feed. It also provides food grade carbon dioxide; dry ice; and feed nutrition boosters. In addition, the company operates aqua shops; and processes and exports marine products to Belgium, France, Germany, Myanmar, Russia, Italy, Thailand, Japan, Vietnam, the United States, Canada, and the Middle East, as well as offers ready to cook and ready to fry seafood products to restaurants, hotels, and caterers. IFB Agro Industries Limited was incorporated in 1982 and is based in Kolkata, India.

How the Company Makes Money

IFB Agro Industries generates revenue through several key streams. The primary source of income comes from the sale of seafood products, particularly frozen shrimp and fish, which are exported to various countries, contributing significantly to its foreign exchange earnings. Additionally, the company earns revenue from its animal feed division, which supplies feed for aquaculture and livestock, targeting both local farmers and larger agricultural operations. Strategic partnerships with distributors and exporters enhance its reach in international markets, while investments in quality and sustainability help maintain competitive pricing and market share. Seasonal demand fluctuations and regulatory environments in the seafood industry also play a crucial role in influencing the company's earnings.

IFB Agro Industries Ltd. Financial Statement Overview

Summary

Strong balance sheet with very low leverage (debt-to-equity 0.01) and high equity ratio (84.9%). Income statement shows recovery with 15.0% revenue growth and net margin improving to 2.1%, but operating efficiency remains constrained (EBIT margin 1.7%). Cash flows improved sharply (FCF growth 166.4% and strong cash conversion), though prior volatility adds some risk.

Income Statement

IFB Agro Industries Ltd. has demonstrated a strong recovery in its financial performance. The gross profit margin for the latest year stands at approximately 21.6%, with a significant improvement in net profit margin to 2.1% from a previous negative position. Revenue growth rate has been robust at 15.0% reflecting a positive trajectory. However, the EBIT margin is still relatively low at 1.7%, indicating room for improvement in operational efficiency.

Balance Sheet

The company's balance sheet is strong, with a low debt-to-equity ratio of 0.01, indicating minimal leverage and financial risk. The return on equity is modest at 3.7%, showing moderate profitability from the shareholders' perspective. The equity ratio is high at 84.9%, highlighting a solid equity base relative to assets, which enhances financial stability.

Cash Flow

Cash flow analysis reveals a positive turnaround with a free cash flow growth rate of 166.4%, indicating improved cash generation capabilities. The operating cash flow to net income ratio is healthy at 3.1, suggesting good cash conversion from profit. However, historical volatility in cash flows and a previous year of negative free cash flow indicate some risk in cash flow stability.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	10.87B	10.59B	9.21B	12.28B	9.98B	6.94B
Gross Profit	3.07B	2.29B	2.80B	1.55B	3.13B	2.23B
EBITDA	716.70M	561.30M	79.80M	885.80M	908.70M	722.00M
Net Income	311.80M	223.40M	-80.80M	491.30M	585.40M	463.80M
Balance Sheet
Total Assets	0.00	7.17B	6.36B	6.32B	5.90B	5.29B
Cash, Cash Equivalents and Short-Term Investments	1.80B	1.79B	1.40B	2.05B	1.93B	1.23B
Total Debt	0.00	61.70M	111.80M	194.10M	223.50M	30.30M
Total Liabilities	-6.09B	1.08B	833.10M	835.90M	889.20M	851.70M
Stockholders Equity	6.09B	6.09B	5.53B	5.48B	5.01B	4.44B
Cash Flow
Free Cash Flow	0.00	424.40M	-639.50M	182.90M	742.70M	193.10M
Operating Cash Flow	0.00	684.40M	-316.00M	325.00M	1.05B	362.90M
Investing Cash Flow	0.00	124.10M	-247.00M	-167.60M	-658.50M	465.20M
Financing Cash Flow	0.00	-51.20M	-66.30M	-70.30M	193.40M	-2.00M

IFB Agro Industries Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1633.30
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:IFBAGRO, the sentiment is Negative. The current price of 1633.3 is above the 20-day moving average (MA) of 1453.67, above the 50-day MA of 1377.89, and above the 200-day MA of 961.14, indicating a neutral trend. The MACD of -36.82 indicates Positive momentum. The RSI at 34.80 is Neutral, neither overbought nor oversold. The STOCH value of 8.43 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:IFBAGRO.

IFB Agro Industries Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GMBREW	75 Outperform	₹22.12B	13.55	―	0.72%	―	―
IFBAGRO	72 Outperform	₹12.17B	25.46	―	―	23.11%	1930.97%
TI	66 Neutral	₹89.74B	30.65	―	0.21%	3.35%	56.08%
ASALCBR	66 Neutral	₹15.97B	17.69	―	0.21%	16.02%	48.63%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
GLOBUSSPR	56 Neutral	₹26.86B	35.34	―	0.28%	2.36%	-26.16%
RKDL	41 Neutral	₹482.64M	403.82	―	―	4.30%	-40.22%

IFB Agro Industries Ltd. Corporate Events

IFB Agro Announces SEBI’s Special Window for Share Transfer Requests

IFB Agro Industries Ltd. has announced a newspaper advertisement regarding a one-time special window introduced by the Securities and Exchange Board of India (SEBI) for the re-lodgement of transfer requests of physical shares. This initiative, as per SEBI’s circular, aims to facilitate shareholders in updating their share transfer requests, potentially impacting the company’s compliance and shareholder engagement processes.