Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 10 Oct - Newspaper advertisement pertaining to Special Window for Transfer and Dematerialisation of Physical Securities introduced by SEBI ("SEBI")
Source: Bse
IFB Industries Limited (IFBIND)
Micro CapConsumer stocks · Micro cap · NSE
IFB Industries Limited is an Indian consumer durables company manufacturing and selling home appliances like washing machines, air conditioners, microwave ovens, dishwashers, and refrigerators. It also has an industrial solutions division for laundry and dishwashing equipment.
Data qualityFresh enough for analysisQuote updated 19 Oct, 05:56 pm ISTDetails
Quote19 Oct, 05:56 pm IST
Base fundamentals17 Oct 2026 · screener
Latest result07 Aug, 02:07 am IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Consumer P/E 22.2 (n=441)
Technical timing lens
Trend score and candlestick chart
32BearishSMA20 -8.5% / mo · MACD − · sector -3.7pp vs Nifty 500 (3M)
Stock trend: 29
Sector RS: 36
Sector 3M: -9.3% vs Nifty 500 -5.6%
Consumer FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
IFBINDD candles · FIT view-3.5%Latest close ₹1108.40 on 2026-10-19
Bar
-8.0%
RSI
31
MACD hist
-0.25
52W pos
20%
2026-10-19O ₹1204.90H ₹1204.90L ₹1099.50C ₹1108.40Vol 69,553 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
IFBINDNifty Consumer DurablesNifty 500
- IFBIND
- -17.5%
- Nifty 500
- -5.6%
- Nifty Consumer Durables
- -9.7%
- Vs Nifty 500
- -11.9 pp
Chart stats
19 Oct 2026- From 52W high
- -45.1%
- 52W range position
- 20%
- ATR (14)
- 4.0%
- Volume vs 20D
- 2.52x
- Avg traded value
- ₹3.6 Cr
- 20D price channel
- ₹1,099.5 - ₹1,269.6
₹2,019.8
₹883.2 - ₹2,019.8
₹44
Latest completed session
20-session average
40.7% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE59
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent100
Revenue +18.5% · PAT +65.4% YoY
Technical
Bearish32
Price trend and sector-relative-strength timing.
Valuation
Legacy model+15.9%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence81
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Excellent · 100/100Rev +18% YoY · PAT +65% YoY · margin expansion · +6% QoQ · operating leverage
Filed 06 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹1,585 Cr | +18.5% | +5.8% |
| EBITDA | ₹89 Cr | +43.5% | +12.7% |
| Operating margin | 6.0% | +140 bps | +100 bps |
| PAT | ₹43 Cr | +65.4% | +0.0% |
| PAT margin | 2.7% | +77 bps | -16 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 28.60
- P/B
- 4.89
- EV/EBITDA
- 10.86
- Market Cap
- 4881.00Cr
Profitability
- ROE
- 15.70%
- ROCE
- 19.50%
- ROA
- 6.44%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 15.00%
- EPS 5Y
- 18.00%
- Revenue 3Y
- 10.00%
- EPS 3Y
- 45.00%
Balance Sheet
- Debt/Equity
- 0.16
- Interest Coverage
- 17.00×
- Altman Z
- 5.46
- Book Value
- 246.00
Cash Flow
- FCF Yield
- 3.07%
- FCF Positive Y
- 8/5
- OCF
- 299.00 Cr
- EPS TTM
- 39.59
Shareholding
- Promoter Hold
- 74.96%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 28%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 5,619+10.3% vs prev
Net Profit
₹ CrLatest: 144+21.0% vs prev
Return on Equity
%Latest: 14.5+2.4% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 31.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~9.3% over last month) — short-term momentum negative.
- RSI(14) at 31 — falling, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 45% off 52W high · 25% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
22
RS percentile
Stage 1 Base / Transition
1M return
-9.5%
3M return
-17.5%
6M return
-1.3%
1Y return
-42.2%
RS 1D
-9
RS 20D
-18
Sector rank
#9
Industry rank
#59
Stage evidence
- Price is 9.3% below the 30-week proxy without full trend alignment.
- The 30-week proxy changed +1.5% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
neutral
Industry
improving
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 66.65-6.97%
RS vs Nifty 50067
Valuation & peers
U-Score 59 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 59 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Financial Turnaround
Fundamental score breakdown
U band · FAIR VALUEValuation4/30
Growth18/25
Quality14/20
Balance Sheet10/15
Cash Flow8/10
Piotroski
7/9 (+5)
Penalties
0
Raw sum
59
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
59/100 · legacy band FAIR VALUE
Positive drivers
- FCF yield is supportive at 3.1%.
- Piotroski is strong at 7/9.
- Fair-value margin of safety is positive at 15.9%.
Main drags
- Valuation is weaker at 4/30; verify the latest quarterly trend.
- Balance sheet is weaker at 10/15; verify the latest quarterly trend.
- Quality is weaker at 14/20; verify the latest quarterly trend.
Sector valuation model
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Primary lens
PE and PEG relative to growth, ROE, margins, and brand strength.
Secondary checks
Volume growth, pricing power, distribution, same-store or category growth.
Main risk check
Premium valuation needs durable growth and margin resilience.
PE
28.6
PB
4.9
EV/EBITDA
10.9
ROE
15.7%
ROCE
19.5%
FCF Yield
3.1%
Debt/Equity
0.2
MoS
+15.9%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
59
Previous: 59
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+15.9%
Previous: +15.9%
Score history
12 stored score snapshots. Latest stored move: +2 points.
20 Oct 2026
v4.3-runtime-valuation
58
60
60
60
57
57
57
57
57
57
57
59
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹468.11
-136.8% MoS
Growth-justified P/E
33.3
Growth-justified Value
₹1,318.35
+15.9% MoS
PEG
0.99
Comparable companies
Peers
Business-comparable peers in Consumer — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
BAJAJELEC
Micro
Bajaj Electricals Limited
Consumer Durables
match 84
21
—
-0.7%
—
OVERVALUED
WHIRLPOOL
Small
Whirlpool of India Limited
Consumer Durables
match 69
21
39.0
7.7%
-572%
OVERVALUED
CROMPTON
Small
Crompton Greaves Consumer Electricals Limited
Consumer Durables
match 64
31
28.5
10.6%
-685%
OVERVALUED
SAFARI
Micro
Safari Industries (India) Limited
Consumer Durables
match 58
52
39.3
15.9%
-18%
FAIR VALUE
EUREKAFORB
Micro
Eureka Forbes Limited
Consumer Durables
match 56
38
33.0
4.3%
-6%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-06-09T07:27:59.024Z
Management commentary snapshot
Q4 FY26 revenue grew 11% YoY with all divisions showing double-digit growth. PBDIT increased 16% YoY, and PAT surged 51% YoY. YTD FY26 revenue grew 10% YoY, but PBDIT growth was muted at 3% due to higher operating expenses.
The company delivered strong Q4 performance across key metrics, driven by premiumization and strategic product launches. While YTD PBDIT margin saw some compression, management is actively addressing this through cost optimization and SKU rationalization. The robust net cash position provides financial flexibility.
Growth engines
Premiumization in Washers
The premium front load washing machine industry continues to witness positive momentum. IFB's AiDOS platform reinforces leadership in advanced fabric care and supports premium portfolio growth.
Washer Dryer Category Expansion
The Washer Dryer category continues to witness premiumization trends with industry volumes growing by ~30% YoY. IFB strengthens its premium portfolio through Laundrimagic®.
Dishwasher Market Penetration
The industry expanded by 15% in Q4, while IFB delivered a growth of 42%, reflecting strong execution and market penetration, leading to market share gain.
Commercial Appliances '3X3' Vision
We have embarked on a three-year Vision – '3 X 3'. The objective is to reach a 3X Revenue Growth in three years for Commercial Appliances.
Tailwinds
Premium Front Load Washer Demand
The premium front load washing machine industry continues to witness positive momentum, driven by increasing consumer preference for larger capacity and feature-rich solutions.
Dishwasher Industry Growth
The industry expanded by 15% in Q4, reflecting rising consumer preference for convenience-led solutions.
Microwave Oven as Gas Alternative
In Q4, we capitalized on the temporary gas shortage by positioning microwave ovens as a reliable alternative for preparing meals.
Headwinds
Muted Consumer Durables Demand
The consumer durables industry faced muted demand and margin compression due to sharp increases in raw material costs and INR depreciation during FY26.
AC Industry Headwinds
The air conditioner industry faced headwinds due to early monsoon in Q1 FY26, transition to revised star-labeling norms in Q4, and risk of supply chain issues.
Intensified Competitive Pricing
Despite seasonal softness and intensified competitive pricing, IFB sustained its performance by reinforcing its value proposition.
Microwave Oven Market Decline
The microwave oven market declined by 5% in Q4 compared to LY Q4, with solo, convection, and grill segments showing a decline.
Risk radar
Raw Material Costs & Currency Depreciation
The consumer durables industry faced margin compression due to sharp increases in raw material costs and INR depreciation during FY26.
Supply Chain Disruptions
The air conditioner industry faced risk of supply chain issues arising from geopolitical tensions in the Middle East.
Competitive Pricing Pressure
The Home Appliances division faced intensified competitive pricing, requiring IFB to reinforce its value proposition.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare YOY
The investor presentation explicitly provides Q4 FY26 vs Q4 FY25 and FY26 vs FY25 comparisons. For a consumer durables business, YoY comparison is more relevant to account for seasonality and long-term market trends.
Sector KPIs management disclosed
Q4 Revenue Growth
Revenue growth for the quarter stood at 11%. All divisions recorded double-digit growth over corresponding quarter of previous year.
YTD Revenue Growth
Revenue growth for the year stood at 10%, with overall performance impacted by subdued growth in the first quarter.
Q4 PBDIT Margin
PBDIT margin improved marginally to 5.54% from 5.29% in Q4 FY25.
YTD PBDIT Margin
PBDIT % on revenue for the year was 6.10% as against 6.52% in previous year.
Management forward view
Strategic Focus Areas
Cost optimization remained a top priority. Initiatives to expand channel coverage, sharpen product mix, and strengthen profitability across segments continue to progress.
SKU Portfolio Rationalization
In H1 of FY27, we shall rationalise our SKU portfolio from 58 to 25 SKUs for front load washers. Top Load SKUs will reduce from 37 to 24 in Q1 FY27. AC SKUs will reduce from 41 to 16 in Q2 FY27.
Net Cash Position & Cash Conservation
The Company maintained cash and cash equivalents of ₹357.27 crores, resulting in a net cash position of ₹344.50 crores. No prepayments are made to conserve cash for future strategic requirements.
AC Price Increase
The AC price has been increased by 8%-10% to improve price positioning and absorb commodity/forex price increases.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Inverter AC Market Share | Not explicitly stated, but management aspires to achieve 7%. | Progress towards achieving 7% market share in the inverter AC segment. |
| Premium Front Load Washer Launches | AiDOS platform driving growth. | Launch of 13Kg and 14Kg front load washers by September and December respectively. |
| SKU Rationalization Impact | Initiatives planned for H1 FY27 (washers) and Q2 FY27 (ACs). | Improved operational efficiency and inventory management post SKU rationalization across categories. |
| Commercial Appliances Revenue Growth | Industrial Dishwashers grew 13%, Industrial Laundry grew 28% in Q4. | Progress towards the '3X3' Vision of 3X revenue growth in three years for Commercial Appliances. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
81Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 93rd percentile of the scored universe and 96th percentile within Consumer. No major sub-score weakness stands out.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
110 docs text-extracted · 26 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
93rd percentile
overall median 67 · Consumer: 96th pctile, median 66 · Micro: 86th pctile, median 73
Evidence depth
Financial-only
110 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
68
acceptable · capital discipline
Results
87
strong · quarterly consistency
Trust positives
- ▸Promoter holding is 75%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 2.8%.
- ▸8 years of positive FCF.
Trust risks
- ▸No major Trust Lite risk flags.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching IFB Industries Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 12 Aug - IFB Industries rescheduled Q1FY27 investor call to 14 August 2026 at 5:00 PM IST.
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 11 Aug - The conference call with the Investors/Analysts is scheduled on 14th August, 2026 at 04:00 P.M. (I.S.T.) to discuss the unaudited Financial Results (Standalone & Consolidated) …
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 10 Aug - Newspaper advertisement pertaining to Special Window for Transfer and Dematerialisation of Physical Securities introduced by SEBI ("SEBI")
Source: Bse
Annual reportJul 2026
Jul 2026 · Reg. 34 (1) Annual Report. 1d - IFB Industries sends FY2025-26 annual report and AGM notice for 29 July 2026.
Source: Bse
Annual reportJul 2026
Jul 2026 · Business Responsibility and Sustainability Reporting (BRSR) 1d - IFB Industries submitted FY2025-26 BRSR on 7 July 2026 as part of its 50th Annual Report.
Source: Bse
Annual report
Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Jul - Newspaper Publication after completion of dispatch of Notice of AGM and Annual Report
Source: Bse
Annual report
Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Jul - Newspaper Publication after completion of dispatch of Notice of AGM and Integrated Annual Report
Source: Bse
Concall transcriptJun 2026
Jun 2026 · Transcript
Source: Bse
Investor presentationJun 2026
Jun 2026 · PPT
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.