IFB Industries Ltd (IFBIND) AI Stock Analysis

• Market Cap: ₹45.43B
• Dividend Yield: N/A
• Average Volume (3M): 4.78K
• Price to Earnings (P/E): 37.9
• Beta (1Y): 1.39
• Revenue Growth: 12.08%
• EPS Growth: 28.97%
• Country: IN
• Employees: 2,356
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Furnishings, Fixtures & Appliances
• EPS (TTM): 12.50
• Shares Outstanding: 40,518,795
• 10 Day Avg. Volume: 4,303
• 30 Day Avg. Volume: 4,779
• PEG Ratio: 0.32
• Price to Book (P/B): 6.23
• Price to Sales (P/S): 1.03
• P/FCF Ratio: 463.41
• 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: 63 Neutral
• Price Target: ₹1,168.00 ▼(-24.58% Downside)

The score is mainly supported by strong revenue growth, improving profitability, and conservative leverage. It is pulled down by very weak technical conditions (price below all major DMAs and bearish momentum) and a relatively high P/E alongside sharply reduced free cash flow in 2025.

Positive Factors

Multi-year revenue growth

Consistent top-line growth from INR 26.37bn (2020) to INR 50.92bn (2025) signals sustained demand and successful distribution. Durable revenue expansion supports scale economics, funds R&D and retail/service network investments, and strengthens competitive positioning over the medium term.

Improving profitability and ROE

Net margin recovery to 2.34% and ROE rising to 14.12% reflect improved profitability and more efficient capital use. These improvements indicate operational recovery and better returns on shareholder capital, enabling reinvestment and enhancing resilience across business cycles.

Conservative leverage

A D/E of 0.30 demonstrates conservative leverage, giving the company flexibility to fund capex, weather demand shocks and pursue strategic investments without excessive refinancing risk. Low nominal leverage supports creditworthiness and long-term financial stability.

Negative Factors

Thin operating margins

Low operating margins (EBITDA 5.90%, EBIT 3.35%) constrain cash generation and leave limited buffer against input-cost inflation. Persistent thin margins reduce room for pricing missteps and make earnings more sensitive to volume swings or sustained cost pressures.

Sharp decline in free cash flow

Free cash flow collapsed from INR 2.85bn to INR 0.113bn in 2025, largely due to higher capex. This sharp reduction limits internal funding for growth, debt repayment or shareholder returns and may necessitate external financing, affecting strategic flexibility over months.

Moderate equity ratio risk

An equity ratio of 35.7% is moderate and the pack flags potential risk if liabilities rise. A thinner equity buffer increases vulnerability to macro shocks or working-capital stress, which could raise borrowing costs or constrain expansion during adverse conditions.

IFB Industries Ltd Business Overview & Revenue Model

Company Description

IFB Industries Limited, together with its subsidiaries, manufactures and trades in home appliances primarily in India. It offers domestic washing machines, microwave ovens, domestic and industrial dishwashers, clothes dryers, and modular kitchens; kitchen appliances, such as hobs, chimneys, and built-in ovens; air conditioners; and industrial washing systems, including dry cleaning and other finishing equipment. The company also provides a range of parts and accessories for motor vehicles, etc.; and fine blanked components and cold rolled steel strips, as well as tools and related machine tools, such as straighteners, decoilers, strip loaders, and others. In addition, it exports its products. The company was formerly known as Indian Fine Blanks Limited. IFB Industries Limited was incorporated in 1974 and is based in Kolkata, India.

How the Company Makes Money

IFB Industries generates revenue primarily through the sale of home appliances and kitchen solutions. Key revenue streams include the sales of washing machines, microwave ovens, dishwashers, and other kitchen appliances. The company also earns income from its engineering segment, which supplies precision components and solutions to various industries. IFB has established significant partnerships with various retail outlets and online platforms, which helps in expanding its market reach. Additionally, effective marketing strategies and a focus on product innovation contribute to sustained earnings growth.

IFB Industries Ltd Financial Statement Overview

Summary

Strong multi-year revenue growth and improved profitability (net margin back to +2.34% in 2025) support a solid score. Balance sheet leverage is conservative (D/E 0.30) and ROE improved (14.12%), but operational margins remain thin (EBITDA 5.90%, EBIT 3.35%) and free cash flow fell sharply in 2025, limiting financial flexibility.

Income Statement

IFB Industries Ltd has shown strong revenue growth over the recent years, with Total Revenue increasing from 26.37 billion in 2020 to 50.92 billion in 2025. The Gross Profit Margin for 2025 stands at 39.05%, indicating efficient cost management. Net Profit Margin also improved significantly to 2.34% in 2025 from a negative margin in 2022, highlighting a recovery in profitability. However, the EBIT and EBITDA margins are relatively low at 3.35% and 5.90% respectively, suggesting room for improvement in operational efficiency.

Balance Sheet

The company's balance sheet shows a stable financial position with a Debt-to-Equity Ratio of 0.30 in 2025, indicating a conservative approach to leverage. The Return on Equity improved to 14.12% in 2025, reflecting effective use of shareholder funds. The Equity Ratio of 35.70% suggests a moderate reliance on equity financing. However, the relatively low equity ratio could pose risks if liabilities increase significantly.

Cash Flow

Cash flow from operations remained positive, with an Operating Cash Flow to Net Income Ratio of 0.99 in 2025, indicating strong cash conversion. However, Free Cash Flow decreased significantly from 2.85 billion in 2024 to 113 million in 2025, primarily due to increased capital expenditures. The Free Cash Flow to Net Income Ratio is at 0.10, suggesting limited cash available for investments or debt repayment post operational expenses.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	51.61B	50.92B	44.38B	41.95B	34.15B	28.01B
Gross Profit	18.92B	19.89B	8.30B	16.37B	11.11B	10.56B
EBITDA	2.85B	3.01B	2.25B	1.87B	742.70M	2.33B
Net Income	1.08B	1.19B	503.60M	149.40M	-481.60M	641.10M
Balance Sheet
Total Assets	22.29B	23.58B	21.80B	21.07B	20.30B	18.91B
Cash, Cash Equivalents and Short-Term Investments	844.00M	3.24B	3.02B	1.86B	3.18B	3.77B
Total Debt	203.40M	2.50B	1.64B	3.53B	3.63B	2.93B
Total Liabilities	-8.42B	15.16B	14.62B	14.39B	13.82B	11.96B
Stockholders Equity	8.42B	8.42B	7.18B	6.67B	6.48B	6.96B
Cash Flow
Free Cash Flow	0.00	113.20M	2.85B	389.20M	-233.00M	1.99B
Operating Cash Flow	0.00	1.18B	3.49B	1.06B	505.60M	2.92B
Investing Cash Flow	0.00	-901.00M	-1.38B	-60.40M	-272.40M	-1.87B
Financing Cash Flow	0.00	-231.10M	-1.86B	-941.40M	-514.50M	-1.12B

IFB Industries Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1548.75
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:IFBIND, the sentiment is Negative. The current price of 1548.75 is above the 20-day moving average (MA) of 1369.92, above the 50-day MA of 1519.11, and above the 200-day MA of 1530.60, indicating a bearish trend. The MACD of -117.19 indicates Positive momentum. The RSI at 17.36 is Positive, neither overbought nor oversold. The STOCH value of 11.12 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:IFBIND.

IFB Industries Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SYMPHONY	70 Outperform	₹63.45B	39.65	―	1.43%	-19.72%	-44.03%
BUTTERFLY	66 Neutral	₹10.86B	26.65	―	―	7.32%	―
IFBIND	63 Neutral	₹45.43B	37.94	―	―	12.08%	28.97%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
ORIENTELEC	60 Neutral	₹38.44B	44.27	―	0.82%	6.63%	42.16%
BAJAJELEC	57 Neutral	₹47.73B	46.24	―	0.62%	0.80%	-4.31%
JCHAC	52 Neutral	₹37.52B	304.33	―	3.53%	6.43%	0.79%

IFB Industries Ltd Corporate Events

IFB Industries Publishes December 2025 Financial Results in Newspapers

IFB Industries Limited has notified the stock exchanges that it has published its standalone and consolidated financial results for the quarter and nine months ended 31 December 2025 in leading newspapers. As part of its obligations under SEBI’s Listing Regulations, the company has provided exchanges with copies of these advertisements, reinforcing its disclosure practices and ensuring that shareholders and market participants have broad public access to its latest financial performance data.

IFB Industries Reshapes Board, Committees and Appoints New Cost Auditor

IFB Industries Ltd has overhauled its board composition and governance structure, reappointing independent director Sreedevi Pillai for a second term from 28 January 2026 and inducting Saurav Adhikari and Subir Chakraborty as additional non-executive independent directors, while transitioning Ashok Bhandari from independent to non-executive, non-independent director from 30 January 2026, all subject to shareholder approval where specified. The company has also appointed Mani & Co. as cost auditor for FY 2025-26 at a remuneration of ₹9 lakh, affirmed that none of the directors are debarred by regulators, and reconstituted key board committees—including audit, nomination and remuneration, stakeholders relationship, CSR, and risk management—signalling a broad refresh of its governance framework that may strengthen oversight and compliance for stakeholders.

IFB Industries Closes Trading Window Ahead of Q3 FY26 Results

IFB Industries Ltd has announced that, in line with Securities and Exchange Board of India regulations on prohibition of insider trading, it will close its trading window for designated employees and their immediate relatives from 1 January 2026. Trading in the company’s shares by these insiders will remain barred until 48 hours after the company discloses its unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2025, reinforcing compliance controls around potential access to unpublished price-sensitive information.

IFB Industries Announces SEBI’s Special Window for Share Transfer

IFB Industries Limited has announced a newspaper publication regarding a one-time Special Window introduced by the Securities and Exchange Board of India (SEBI) for the re-lodgment of transfer requests of physical shares. This initiative, as per SEBI’s circular, aims to facilitate shareholders in transferring their physical shares, potentially impacting the company’s operations by streamlining share transfer processes and enhancing shareholder engagement.

IFB Industries Releases Financial Results for September 2025

IFB Industries Limited has announced its financial results for the quarter and half-year ending September 30, 2025. The Board of Directors has approved the unaudited financial results, including segment-wise revenue, assets, liabilities, balance sheet, cash flow statement, and a limited review report. These results will be published in the prescribed format as per SEBI regulations.