IFB Industries Limited (IFBIND.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+321.0%

₹4,455.50

vs ₹1,058.40 price

Levered DCF

₹4,817.46

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

4.23

Safe zone

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	25.24×	44.11×	125.44×	199.86×	-87.53×	70.26×	39.41×	53.13×
P/B	3.64×	6.23×	8.8×	4.48×	6.5×	6.47×	1.67×	6.25×
P/S	0.64×	1.03×	1.42×	0.71×	1.23×	1.61×	0.41×	1.48×
EV / EBITDA	11.49×	17.91×	28.4×	17.49×	60.72×	20.19×	9.87×	24.19×
Gross margin	29.0%	39.1%	18.7%	39.0%	32.5%	37.7%	37.0%	34.0%
Operating margin	3.5%	3.3%	2.2%	1.1%	-1.6%	4.0%	1.1%	2.7%
Net margin	2.6%	2.3%	1.1%	0.4%	-1.4%	2.3%	1.0%	2.8%
Current ratio	1.33×	1.22×	1.14×	1.09×	1.17×	1.35×	1.5×	1.45×
Debt / equity	0.16×	0.3×	0.23×	0.53×	0.56×	0.42×	0.55×	0.05×
Interest coverage	9.19×	7.11×	3.63×	1.55×	-1.65×	3.61×	1.84×	10.36×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	14.4%	14.1%	7.0%	2.2%	-7.4%	9.2%	4.2%	11.8%
Return on invested capital	11.3%	10.2%	6.5%	1.9%	-3.2%	6.7%	2.6%	8.1%
Return on assets	5.8%	5.0%	2.3%	0.7%	-2.4%	3.4%	1.6%	5.8%
Free cash flow yield	5.2%	0.2%	4.5%	1.3%	-0.6%	4.4%	-3.3%	-0.6%
Earnings yield	4.0%	2.3%	0.8%	0.5%	-1.1%	1.4%	2.5%	1.9%
Enterprise value	₹36.6B	₹53.9B	₹63.8B	₹32.7B	₹45.1B	₹47B	₹13.3B	₹38.3B
Net debt / EBITDA	0.11×	0.47×	0.27×	1.48×	3.94×	0.84×	1.87×	-0.26×
Cash conversion cycle (days)	-4	-1	-5	3	-2	-34	9	24