IFB Agro Industries Ltd. (IFBAGRO) AI Stock Analysis

IFB Agro Industries Ltd.

(NSE:IFBAGRO)

Select Model

Rating:74Outperform

Price Target:INR 906.00▲(12.05% Upside)

Action:reiterated

Date:08/29/26

The overall score is driven primarily by the company’s strong and improving financial profile, with a conservative balance sheet and robust earnings recovery after 2024, offset by currently weak price momentum and only moderately attractive valuation. Near-term technical pressure and above-market volatility warrant caution, but the financial resilience and profitability recovery provide a supportive backdrop for longer-term investors.

Positive Factors

Revenue recoveryTwo consecutive years of approximately 15% revenue growth indicate a meaningful recovery in the company’s top line and renewed demand across its businesses. If sustained, this improvement can provide a broader base for operating leverage, reinvestment, and more durable earnings growth over the coming quarters.

Negative Factors

Revenue cyclicalityThe sharp FY2024 decline followed by a rapid recovery shows that revenue performance has not been consistently stable across periods. This cyclicality makes forward earnings less predictable and means the recent growth trajectory may be more vulnerable to renewed fluctuations in demand, pricing, or business mix.

IFB Agro Industries Ltd. (IFBAGRO) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 7.67B
Dividend Yield: ―
Average Volume (3M): 354
Price to Earnings (P/E): 12.8
Beta (1Y): 1.31
Revenue Growth: 38.87%
EPS Growth: 91.31%
Country: India
Employees: 587
Sector: General
Sector Strength: 55
Industry: Beverages - Wineries & Distilleries

IFB Agro Industries Ltd. Business Overview & Revenue Model

Company Description

IFB Agro Industries Ltd. engages in the provision of business of manufacturing alcohol, bottling of branded alcoholic beverages, as well as processed and packed marine foods both for domestic and export markets. It operates through the Spirit, Liquor...

How the Company Makes Money

IFBAGRO makes money primarily by manufacturing and selling alcoholic beverages, with revenue generated from the sale of its spirits/other alcoholic beverage products to distributors, wholesalers, retailers, and other trade customers (depending on sta...

IFB Agro Industries Ltd. Financial Statement Overview

Summary

Strong revenue and profit recovery after the weak 2024 year, supported by very low leverage, rising equity and healthy current cash generation, is tempered by past margin compression and cash flow volatility.

Income Statement

80Positive

Balance Sheet

88Very Positive

Cash Flow

70Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	15.09B	14.04B	10.59B	9.21B	12.28B	9.98B
Gross Profit	4.01B	3.24B	2.29B	2.80B	1.55B	3.13B
EBITDA	1.28B	1.20B	561.30M	79.80M	885.80M	908.70M
Net Income	596.50M	564.80M	223.40M	-80.80M	491.30M	585.40M
Balance Sheet
Total Assets	0	8.72B	7.17B	6.36B	6.32B	5.90B
Cash, Cash Equivalents and Short-Term Investments	1.76B	1.86B	1.79B	1.40B	2.05B	1.93B
Total Debt	0	748.40M	61.70M	111.80M	194.10M	223.50M
Total Liabilities	-6.73B	1.99B	1.08B	833.10M	835.90M	889.20M
Stockholders Equity	6.73B	6.73B	6.09B	5.53B	5.48B	5.01B
Cash Flow
Free Cash Flow	-1.68B	649.40M	424.40M	-639.50M	182.90M	742.70M
Operating Cash Flow	-118.00M	891.30M	684.40M	-316.00M	325.00M	1.05B
Investing Cash Flow	-2.40B	-1.61B	124.10M	-247.00M	-167.60M	-658.50M
Financing Cash Flow	815.60M	685.50M	-51.20M	-66.30M	-70.30M	193.40M

IFB Agro Industries Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price808.55

Price Trends

50DMA881.93Negative

100DMA919.37Negative

200DMA954.03Negative

Market Momentum

MACD-21.90Positive

RSI40.09Neutral

STOCH28.54Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:IFBAGRO, the sentiment is Negative. The current price of 808.55 is below the 20-day moving average (MA) of 847.82, below the 50-day MA of 881.93, and below the 200-day MA of 954.03, indicating a bearish trend. The MACD of -21.90 indicates Positive momentum. The RSI at 40.09 is Neutral, neither overbought nor oversold. The STOCH value of 28.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:IFBAGRO.

IFB Agro Industries Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:IFBAGRO against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:IFBAGRO	74Outperform	INR 7.57B	12.85	―	―	38.87%	91.31%
IN:KRISHIVAL	65Neutral	INR 8.83B	34.87	―	0.10%	―	―
IN:AVTNPL	63Neutral	INR 13.38B	15.97	―	0.91%	40.77%	54.07%
IN:HMAAGRO	63Neutral	INR 12.43B	5.81	―	1.21%	42.60%	148.86%
IN:DHAMPURSUG	56Neutral	INR 10.27B	14.63	―	1.26%	1.27%	38.76%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:ZUARI	54Neutral	INR 7.76B	0.82	―	―	-43.98%	268.95%

* General Sector Average

Performance Comparison

IN:IFBAGRO and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:IFBAGRO	IFB Agro Industries Ltd.	808.55	-640.15	-44.19%
IN:AVTNPL	AVT Natural Products Limited	87.83	15.07	20.71%
IN:DHAMPURSUG	Dhampur Sugar Mills Limited	159.65	25.47	18.99%
IN:HMAAGRO	HMA Agro Industries Limited	24.83	-6.54	-20.85%
IN:KRISHIVAL	Krishival Foods Limited	352.10	-118.54	-25.19%
IN:ZUARI	Zuari Agro Chemicals Ltd.	184.55	-68.00	-26.93%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 29, 2026

IFB Agro Industries Ltd. AI Stock Analysis