IFB Industries Ltd (IFBIND) AI Stock Analysis

• Market Cap: ₹45.49B
• Dividend Yield: N/A
• Average Volume (3M): 4.78K
• Price to Earnings (P/E): 38.0
• Beta (1Y): 1.43
• 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): 5.85
• 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: ₹1,308.00 ▼(-15.54% Downside)
• Action: Upgraded Date: 01/28/26
• Date: Action: Upgraded 01/28/26

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

Sustained Revenue Growth

Doubling revenue over five years indicates durable demand and successful scale-up of channels and product mix. Sustained top-line expansion supports long-term investments in distribution, R&D and service networks, reducing unit economics risk and improving bargaining power with suppliers.

Strong Cash Conversion from Operations

Near-1.0 cash conversion shows reported earnings largely translate to operating cash, reflecting quality of earnings and effective working-capital management. This provides a durable foundation for funding normal capex and working capital without relying solely on external financing.

Conservative Leverage and Improving ROE

Low leverage reduces financial risk and interest burden, increasing resilience through cycles. Concurrent ROE improvement shows management is generating better returns on equity, indicating improved capital allocation that supports sustainable shareholder value creation over the medium term.

Negative Factors

Thin Operating Margins

Low EBITDA and EBIT margins leave limited buffer against raw-material inflation, warranty or freight cost shocks. Structural margin thinness constrains internal funding for growth and makes profitability highly sensitive to modest revenue or cost swings, challenging margin resilience.

Sharp Free Cash Flow Decline

A collapse in free cash flow, driven by higher capex, materially reduces financial flexibility to fund expansion, pay down liabilities or return capital. If capex persists, the company may need external funding or to cut discretionary investment, raising execution risk over months.

Moderate Equity Ratio / Balance Sheet Risk

A sub-40% equity ratio implies meaningful reliance on liabilities; combined with thin margins and volatile FCF, this reduces the balance sheet cushion against demand shocks. In downturns, limited equity buffer may force cost cuts or external financing, constraining strategic options.

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	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 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: Negative
• RSI: Neutral
• 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 1153.23, above the 50-day MA of 1355.30, and above the 200-day MA of 1517.84, indicating a bearish trend. The MACD of -53.90 indicates Negative momentum. The RSI at 35.36 is Neutral, neither overbought nor oversold. The STOCH value of 17.86 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	₹57.62B	36.24	―	1.43%	-19.72%	-44.03%
BUTTERFLY	66 Neutral	₹10.74B	24.84	―	―	7.32%	―
IFBIND	63 Neutral	₹45.49B	37.98	―	―	12.08%	28.97%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
ORIENTELEC	60 Neutral	₹37.21B	43.84	―	0.82%	6.63%	42.16%
BAJAJELEC	57 Neutral	₹42.76B	122.72	―	0.62%	0.80%	-4.31%

IFB Industries Ltd Corporate Events

IFB Industries Releases Q3 FY2025-26 Investor Presentation, Schedules Analyst Call

IFB Industries Ltd has released an investor presentation covering its financial performance for the quarter and nine months ended 31 December 2025, making the materials available on its corporate website for shareholders and market participants. The company has also scheduled a conference call with investors and analysts on 4 February 2026 to discuss its unaudited standalone and consolidated financial results for this period, underscoring its ongoing engagement with the investment community and commitment to financial transparency.

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.