IFB Industries Ltd, originally established as Indian Fine Blanks Limited in 1974 in collaboration with Heinrich Schmid AG of Switzerland, is a multifaceted Indian company renowned for its diverse range of products and services. Initially specializing in fine-blanking technology, the company has since grown into a leading player in multiple sectors. IFB Appliances, one of its key divisions, is widely recognized for its high-quality home appliances, including fully automatic washing machines, microwave ovens, dishwashers, and air conditioners, catering to modern households with innovative and durable products. Another critical division, IFB Fine Blanking, manufactures precision components for industries like automotive, electrical, and white goods, ensuring high standards of quality through its specialized processes. In the automotive sector, IFB Automotive provides fine-blanked and stamped components to major automobile manufacturers, enhancing vehicle safety and performance. Additionally, the IFB Agro division focuses on sustainable aquaculture and seafood processing, offering premium seafood to domestic and international markets. With state-of-the-art manufacturing facilities in Kolkata, Bangalore, Rudrapur, Chennai, Binola, and Pune, IFB Industries is committed to innovation and excellence. Its dedication to research and development ensures consistent product enhancement, making it a trusted name in home appliances, automotive components, and sustainable aquaculture.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | |
| Promoters + | 74.96% | 74.96% | 74.96% | 74.96% | 74.96% |
| FIIs + | 0.70% | 0.75% | 0.83% | 1.11% | 0.91% |
| DIIs + | 3.57% | 6.59% | 6.74% | 6.70% | 6.80% |
| Public + | 20.77% | 17.71% | 17.46% | 17.22% | 17.33% |
| No. of Shareholders | 26,731 | 26,080 | 28,240 | 30,842 | 31,350 |
The shareholding pattern of IFB Industries exhibits a stable and concentrated ownership structure, with the promoters consistently holding a majority stake of 74.96% throughout the observed period from December 2023 to December 2024. This signifies strong promoter confidence and control over the company. Foreign Institutional Investors (FIIs) have shown gradual engagement, with their stake increasing from 0.70% in December 2023 to a peak of 1.11% in September 2024 before slightly decreasing to 0.91% by December 2024. Domestic Institutional Investors (DIIs) have maintained a steady upward trajectory, rising from 3.57% in December 2023 to 6.80% by December 2024, reflecting growing domestic institutional interest in IFB Industries. Conversely, the public shareholding has witnessed a consistent decline, dropping from 20.77% in December 2023 to 17.33% in December 2024, indicating a shift towards institutional ownership. The number of shareholders has steadily increased, rising from 26,731 in December 2023 to 31,350 by December 2024, reflecting growing retail and institutional participation in IFB Industries‘ equity.
You can buy IFB Industries shares from the following trading platforms:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| April 2025 | 1,297.77 | 998.28 |
| May 2025 | 1,259.97 | 969.21 |
| June 2025 | 1,316.67 | 1,012.82 |
| July 2025 | 1,290.85 | 992.96 |
| August 2025 | 1,330.77 | 1,023.67 |
| September 2025 | 1,346.74 | 1,035.96 |
| October 2025 | 1,381.76 | 1,062.89 |
| November 2025 | 1,416.30 | 1,089.46 |
| December 2025 | 1,480.04 | 1,138.49 |
In 2025, IFB Industries is anticipated to witness notable price movements throughout the year. By April 2025, the maximum price of IFB Industries is expected to reach ₹1,297.77, while the minimum price may settle at ₹998.28. Progressing towards December 2025, the maximum price is projected to rise significantly to ₹1,480.04, with the minimum price estimated at ₹1,138.49.
| When | Maximum Price | Minimum Price |
| January 2026 | 1,524.44 | 1,172.64 |
| February 2026 | 1,486.33 | 1,143.33 |
| March 2026 | 1,516.05 | 1,166.20 |
| April 2026 | 1,546.99 | 1,190.00 |
| May 2026 | 1,531.68 | 1,178.21 |
| June 2026 | 1,569.97 | 1,207.67 |
| July 2026 | 1,539.19 | 1,183.99 |
| August 2026 | 1,586.79 | 1,220.61 |
| September 2026 | 1,618.52 | 1,245.02 |
| October 2026 | 1,660.61 | 1,277.39 |
| November 2026 | 1,702.12 | 1,309.32 |
| December 2026 | 1,744.67 | 1,342.06 |
As we step into 2026, IFB Industries is expected to showcase a steady upward momentum in its price movements. By January 2026, the maximum price is anticipated to reach ₹1,524.44, while the minimum price may be around ₹1,172.64. Moving forward, by December 2026, the maximum price is projected to rise significantly to ₹1,744.67, with the minimum price estimated at ₹1,342.06.
| When | Maximum Price | Minimum Price |
| January 2027 | 1,762.12 | 1,355.48 |
| February 2027 | 1,807.30 | 1,390.23 |
| March 2027 | 1,877.79 | 1,444.45 |
| April 2027 | 1,840.97 | 1,416.13 |
| May 2027 | 1,787.35 | 1,374.88 |
| June 2027 | 1,867.78 | 1,436.75 |
| July 2027 | 1,831.16 | 1,408.58 |
| August 2027 | 1,887.79 | 1,452.15 |
| September 2027 | 1,953.86 | 1,502.97 |
| October 2027 | 2,004.66 | 1,542.05 |
| November 2027 | 2,054.78 | 1,580.60 |
| December 2027 | 2,106.15 | 1,620.11 |
| When | Maximum Price | Minimum Price |
| January 2028 | 2,148.27 | 1,652.52 |
| February 2028 | 2,203.36 | 1,694.89 |
| March 2028 | 2,289.29 | 1,760.99 |
| April 2028 | 2,244.40 | 1,726.46 |
| May 2028 | 2,179.03 | 1,676.18 |
| June 2028 | 2,277.08 | 1,751.60 |
| July 2028 | 2,232.44 | 1,717.26 |
| August 2028 | 2,301.48 | 1,770.37 |
| September 2028 | 2,382.03 | 1,832.33 |
| October 2028 | 2,443.96 | 1,879.97 |
| November 2028 | 2,505.06 | 1,926.97 |
| December 2028 | 2,567.69 | 1,975.15 |
| When | Maximum Price | Minimum Price |
| January 2029 | 2,619.04 | 2,014.65 |
| February 2029 | 2,686.20 | 2,066.31 |
| March 2029 | 2,790.96 | 2,146.89 |
| April 2029 | 2,736.24 | 2,104.80 |
| May 2029 | 2,656.54 | 2,043.49 |
| June 2029 | 2,776.08 | 2,135.45 |
| July 2029 | 2,721.65 | 2,093.58 |
| August 2029 | 2,805.83 | 2,158.33 |
| September 2029 | 2,904.03 | 2,233.87 |
| October 2029 | 2,979.53 | 2,291.95 |
| November 2029 | 3,054.02 | 2,349.25 |
| December 2029 | 3,130.37 | 2,407.98 |
| When | Maximum Price | Minimum Price |
| January 2030 | 3,192.98 | 2,456.14 |
| February 2030 | 3,274.85 | 2,519.12 |
| March 2030 | 3,402.57 | 2,617.36 |
| April 2030 | 3,335.85 | 2,566.04 |
| May 2030 | 3,238.69 | 2,491.30 |
| June 2030 | 3,384.43 | 2,603.41 |
| July 2030 | 3,318.07 | 2,552.36 |
| August 2030 | 3,420.69 | 2,631.30 |
| September 2030 | 3,540.42 | 2,723.40 |
| October 2030 | 3,632.47 | 2,794.21 |
| November 2030 | 3,723.28 | 2,864.06 |
| December 2030 | 3,816.36 | 2,935.66 |
As we move into 2030, IFB Industries is projected to exhibit significant price growth throughout the year. By January 2030, the maximum price is expected to reach ₹3,192.98, while the minimum price may stand at ₹2,456.14. As we move further towards December 2030, the maximum price is anticipated to rise substantially to ₹3,816.36, with the minimum price estimated at ₹2,935.66. This forecast highlights the strong market trajectory of IFB Industries in 2030.
Financial Condition of IFB Industries
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 2,551 | 2,731 | 3,339 | 4,104 | 4,312 | 4,697 |
| Expenses + | 2,431 | 2,533 | 3,295 | 3,943 | 4,091 | 4,423 |
| Operating Profit | 121 | 199 | 44 | 161 | 221 | 274 |
| OPM % | 5% | 7% | 1% | 4% | 5% | 6% |
| Other Income + | 14 | 32 | 28 | 26 | 22 | 35 |
| Interest | 16 | 33 | 34 | 33 | 30 | 24 |
| Depreciation | 89 | 100 | 113 | 119 | 122 | 128 |
| Profit before tax | 30 | 97 | -77 | 34 | 90 | 158 |
| Tax % | 6% | 36% | -33% | 50% | 24% | |
| Net Profit + | 28 | 62 | -51 | 17 | 69 | 120 |
| EPS in Rs | 6.91 | 15.36 | -12.64 | 4.25 | 17 | 29.71 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
The financial performance of IFB Industries from 2020 to 2024 reflects its growth trajectory, operational challenges, and recovery efforts. Sales have consistently increased, rising from ₹2,551 crore in 2020 to ₹4,312 crore in 2024, with the trailing twelve months (TTM) recording ₹4,697 crore. Similarly, expenses have grown from ₹2,431 crore in 2020 to ₹4,091 crore in 2024, aligning with the company’s expansion and operational activities.
Operating profit margins (OPM%) have experienced fluctuations, starting at 5% in 2020, dipping to 1% in 2022, and recovering to 6% in TTM. Operating profit itself improved from ₹121 crore in 2020 to ₹221 crore in 2024, with a further rise to ₹274 crore in TTM. Other income remained stable, contributing ₹35 crore in TTM.
Interest and depreciation expenses showed consistency, with interest decreasing from ₹33 crore in 2023 to ₹24 crore in TTM, while depreciation rose steadily from ₹89 crore in 2020 to ₹128 crore in TTM, reflecting continuous investment in assets.
Profitability reveals resilience, with a net loss of ₹51 crore in 2022 reversing into a net profit of ₹69 crore in 2024 and ₹120 crore in TTM. The EPS mirrored this recovery, improving from a negative ₹12.64 in 2022 to ₹17 in 2024, and reaching ₹29.71 in TTM. Despite these positive trends, IFB Industries maintained a zero-dividend payout policy, likely reinvesting profits to fuel further growth.
FAQS
As of March 12th, 2025, the share price of IFB Industries is around INR ₹1119.
Based on various market analyses and expert opinions, the expected share price target of IFB Industries by 2025 is around INR 1,480.04.
As per our analysis, IFB Industries share price target for 2030 would be somewhere between ₹2,456.14 and ₹3,816.36.
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Conclusion
IFB Industries Ltd has demonstrated a robust growth trajectory, driven by its diversification across home appliances, automotive components, and sustainable aquaculture. The company’s financial performance reflects steady revenue growth, recovery in operating profit margins, and a commitment to innovation and quality. Despite challenges in earlier years, IFB has shown resilience with improving profitability and operational efficiency. Its stable shareholding pattern, marked by strong promoter confidence and rising institutional interest, further underscores its market potential. Looking ahead, IFB Industries is poised for continued growth, supported by its strategic focus on R&D, expanding product portfolio, and increasing shareholder base.
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