Going forward, we estimate 20% revenue CAGR till FY24, driven by the increasing presence, high marketing spend and new product launches in the home appliances division. Currently, IFBIL is trading at a 2-year forward EV/EBITDA multiple of 12.1. We anticipate a FY24 EV/EBITDA multiple of 14.5, which is below the 3-year median of 20.62.

IFB Industries Ltd. has an average target of 1718.00 from 1 broker.

IFB Industries Ltd.

01 Dec 2019

1375.30

5.06%

Ashika - Management Meet Note - IFB Industries Ltd. - December 2019

Mgmt Note: IFB Industries Ltd.

Ashika Research

divisions, Appliances and Fine Blanking. The appliances division has its manufacturing facilities at Goa and Bengaluru, while fine blanking has its facilities at Kolkata and Bengaluru. The divisions range of products covers both domestic appliances and industrial application categories including washing machines (front &...

IFB Industries Ltd. has an average target of 1718.00 from 1 broker.

IFB Industries Ltd.

24 Sep 2019

1375.30

5.06%

IFB Industries Ltd

Buy: IFB Industries Ltd.

Rudra Shares and Stock Brokers Ltd

IFB has focused on augmenting manpower, expanding distribution reach, strengthening brand franchise, and improving product development capabilities in the last few years. While, it now generates gross margins similar to its peers, EBITDA margins are sharply lower mainly due to smaller scale. Hence, there is potential for IFB to introduce new products to leverage brand and extract operating-leverage benefits over the next few years. Moreover, company demonstrated healthy volume growth both in its front-loading and top-loading washing machine segments in FY19. So far, it has maintained a leading market position in the front-loading...

IFB Industries Ltd. has an average target of 1718.00 from 1 broker.

IFB Industries Ltd.

06 Nov 2017

1375.30

5.06%

IFB Industries

Hold: IFB Industries Ltd.

Centrum Broking

On right track with revenue growth and margins expansion We maintain our Hold rating on IFB Industries with a revised TP of Rs790 (28x FY19E EPS). We believe that positives of the current quarter are captured in the stock price post the steep 25% rally in last one month. We increase our target multiple factoring re-rating in the consumer durable sector post the healthy revenue growth across players. Increasing distribution reach strategy of the management to drive volume growth has started to bear fruit with strong growth across categories. New product launches coupled with mix change and domestic manufacturing would drive margins...

IFB Industries Ltd. has an average target of 1718.00 from 1 broker.

IFB Industries Ltd.

24 Dec 2015

1375.30

5.06%

IFB Industries Ltd: Favorable Brand Positioning and Wide Channel Expansion to Fu... (Dec 24, 2015)

Buy: IFB Industries Ltd.

Karvy

Appliance Business: IFB Industries Ltd, originally known as Indian Fine BlanksLtd, has recorded 182% volume growth in Top Loader washing machine in Q2FY16against Q2FY15 and targeting robust volume growth in FY16E; which contributesaround 17% of the total revenue in Q1FY16.

IFB Industries Ltd. is trading at high volume of 171.7K with price gain of 5.06.

Is IFB Industries Ltd. worth buying?

112 Votes:

Buy 75.0%

Sell 18.75%

Hold 6.25%

RESEARCH REPORTS

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