Name of Company | IFB Industries |
BSE Code | 505726 |
NSE Code | IFBIND |
ICICI Code | IFBIND |
Established | 1974 |
My Take | Like |
Headquarters | Kolkata |
Promoters | |
Story | IFB (Indian Fine Blank) started in collaboration with heinrich Schmid AG (Swiss) – products like Fine blanked components and tools. 2 engineering locations – Kolkata and Bangalore. |
Sector | White goods |
Sub-sector | Washing machines, other appliances. Tools |
Website | http://www.ifbindustries.com/ |
Positives | Company has reduced its debt over the years to Zero debt in FY09 and FY10. Reserves also have come from negative to Positive. 8-10% NPM is good. Topline is doubled in 5 years from 255 to 545 Cr from FY06 to FY10. No pledged shares - Promoters hold 72% shares. |
Negatives | No Dividends till now. No major MF/FII Holdings. |
Peers | Bajaj Electricals, khaitan |
News | |
Price @ blogged | 117 (24-Dec-10) |
Cost of company | 354 Cr for a 54 Cr FY10 profit makes it 7 times. For zero debt and 116 Cr reserves, this looks cheap. |
Dec 24, 2010
IFB Industries - 505726
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