IFB Industries Ltd share Price Today

IFB Industries Ltd. is an Indian company engaged in manufacturing fine-blanked components and manufacturing and trading home appliances. It began its operations in India in 1974 in partnership with Heinrich Schmid AG of Switzerland. For the quarter that ended in September 2022, the company’s total income was Rs 1,123.37 crore, up 4.82% from Rs 1,071.73 crore in the quarter that ended in June 2022 quarter. IFB Industries Ltd.’s market capitalisation was Rs 3,855 crore on 31 October 2022.

The company’s share is listed on the Bombay Stock Exchange with the code 505726. It is listed on the National Stock Exchange with the code IFBIND.

IFB Industries Ltd.’s range comprises fine-blanked components, tools and related machine tools like decoilers, strip loaders, straighteners, and more. There are two engineering divisions in Bangalore and Kolkata. The Bangalore unit also manufactures motors for white goods and automotive applications apart from fine-blanked components. The home appliances business provides living solutions, kitchen solutions, laundry solutions, and accessories.

On 30 September 2022, the company’s shareholding pattern showcased a 74.96% promoter stake, a 0.62% FII stake, a 3.96% DII stake, and a 20.46% public stake. The leading promoter is IFB Automotive Pvt Ltd., with a 46.54% share, followed by Nurpur Gases Pvt Ltd., with a 14.83% share. In the September 2022 quarter, mutual fund holdings decreased from 4.07% to 3.89%, while FII holdings increased from 0.61% to 0.62%.

Mr Bijon Bhushan Nag is the company’s chairman. The board of directors includes Mr Harsh Vardhan Sachdev, Mr Bikramjit Nag, Mr Prabir Chatterjee, Mr Sudip Banerjee, Mr Desh Raj Dogra, Mr Rahul Choudhuri, Mr Ashok Bhandari, Mr Amar Singh Negi, Mr Rajshankar Ray, Dr Rathindra Nath Mitra, Mr Chacko Joseph, Mr Biswadip Gupta, and Ms Sangeeta Sumesh. Deloitte Haskins & Sells are the company’s auditors. As of 30 September 2022, the company’s total number of outstanding shares was 4.05 crores.

On 31 October 2022, the company’s share price closed at Rs 940.85 on BSE. and at Rs 951.60 on NSE. The 52-week low for IFB Industries Ltd.’s share price was Rs 800, and the 52-week high was Rs 1,329.70.

The company’s peers include TTK Prestige Ltd., Whirlpool of India Ltd., Bajaj Electricals Ltd., and Crompton Greaves Consumer Electrical Ltd.

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IFB Industries share price as on 17 Jul 2024 is Rs. 1608.2. Over the past 6 months, the IFB Industries share price has increased by 64.23% and in the last one year, it has increased by 93.53%. The 52-week low for IFB Industries share price was Rs. 818 and 52-week high was Rs. 1755.