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  largecapindia. co.in (owner) Stock Name : IFB Industries Ltd/Tips OpenBuy : 706.00Posted Date : Oct 31, 2020Stopless/Horizon : 671Target : 811.9Results Achieved (Yes/No) : Overview: IFB Industries Limited operates in Consumer Durables, it is a Mid Cap company with a market capital of Rs 2936.40 Crore. About the company: IFB Industries Limited was established in 1974 as Indian Fine Blanks Limited with collaboration with Hienrich Schmid AG of Switzerland. Later in 1989, the company changed its name from Indian Fine Blank Ltd to IFB Industries Ltd. IFB operates in two segments: (1) Manufacturing of fine blank components & (2) Manufacturing and marketing of consumer durable goods. IFB’s fine blanking components(automobile) divisionproduces high precision parts for engines, transmission ports, breaking systems, door latches, window lifters, gearboxes. The company’s customers include Maruti Udyog, Ford India, Fiat India, Toyota Kirloskar MMotors, Lucas TVS, Brakes India, Autoliv India, Rane TRW etc. The company has an established brand presence and a wide range of productsincluding washing machines, dryers, ACs, microwave ovens, dishwashers, modular kitchen, and chimneys. Over the years, IFB Industries has built a market share of around 45% in fine blanking components and around 27% market share in automatic washing machines in India.IFB’s manufacturing facilities for fine blanking division in Kolkata and Bengaluru and IFB’s consumer appliancesdivision’s manufacturing facilities are in Goa and Bengaluru. Management: Mr.Bijon Nag is the Chairman and Mr Bikramjit Nag is the Joint Executive Chairman & Managing Director of the company. Shareholding Pattern (As on 30-09-2020): • Promoters: 74.96 • Foreign Institutions: 8.48 • NBFC and Mutual Funds : 1.28 • Others: 6.49 • General Public: 8.69 • Financial Institutions: 0.10 Key Products: IFB’s key product is Washing Machines, it contributed 51.55 % of Total Sales(Rs 1673.69 Crore) for the year ending 31-Mar-2020. Other major selling products include, Fine Blanked Components (Heavier) contributed 11.83 % (Rs 384.06 Crore), Air Conditioners (Traded) contributed 9.84 % (Rs 319.74 Crore), Microwave Oven (Traded) contributed 8.19 % (Rs 266.00 Crore), Accessories contributed6.20 % (Rs 201.59 Crore) for the same period. Sales Report:For the quarter ended on June 30th2020, IFB has posted a consolidated sale of Rs 287.39 Crore, which is down by -43.31 % from last quarter sales of Rs 506.92 Crore and down by -58.80 % from the corresponding period of the previous year’s sales of Rs 697.52 Crore. If you find any mistake please contact the [email protected]. This article is general in nature. It does not constitute a recommendation to buy and sell any stock, and does not take account of your objectives, or your financial situation. Largecapindia has no position in the stocks mentioned. Largecapindia aim to bring you long term focused research analysis driven by fundamental thanks you. For More Info : https://www.largecapindia.com Submit a Comment Your email address will not be published. Required fields are marked *  Save my name, email, and website in this browser for the next time I comment. Recent Posts IFB Industries Ltd Apollo TriCoat Tubes Limited Sasken Technologies Ltd Coforge Limited Bajaj Finance Ltd Recent Comments Welcome to LargeCapIndia, the best website in market to give tips on top 100 companies of the share market. We have highly qualified and experienced team on the job makes your trading experience stress free with recommendations backed by strong Technical and Fundamental Research. Contact Us Email Id: [email protected] Phone No: +91-9759700623 Our Location Copyright © Large CapIndia. 2020. All rights reserved.
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  Hobibut Rahman