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IFB Agro Industries Limited (IFBAGRO) Fair Value & Analysis

Consumer Defensive · IN · Market cap ₹8.9B

IA IFB Agro Industries Limited IFBAGRO · NSE
Price₹1,038
Fair Value₹1,266
Upside+22.0%
Quality70/100
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Healthy Growth
Thin margins · 4.0% net margin
Low debt · generates free cash flow
Ranks above peers (9/13)
Narrow moat 32/100
Evidence: High Range ₹885.85 – ₹1,583 Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 4 days ago

Share price +7.0% over the past month.

A solid business, screening 22% undervalued on our models.

What matters now

  • Our model range runs from ₹885.85 (bear) to ₹1,583 (bull), base ₹1,266. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 70/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

₹1,753 ₹393.20 Fair Value ₹1,266 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹393.20 – ₹1,753 · fair‑value band ₹885.85 – ₹1,583 · the ₹1,038 price screens below the ₹1,266 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

IFB Agro Industries Limited (IFBAGRO) currently trades at ₹1,038, while our model-based Fair Value estimate is ₹1,266, implying the stock looks roughly 22.0% undervalued today. The Quality Score stands at 70/100 (solid quality), in the Consumer Defensive sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, IFB Agro Industries Limited generated revenue of ₹14.0B at a net margin of 4.0%. Revenue grew 58.5% year over year. It earns a return on equity of 8.8%. The balance sheet holds a net cash position of ₹1.0B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹885.85 (bear case) to ₹1,583 (bull case); at ₹1,038, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 42% below its 52-week high and 53% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -3% fair-value upside, at 22%, IFBAGRO screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹961.88 ₹1,565 ₹2,540 80
Rev-Margin DCF ₹817.96 ₹1,309 ₹1,949 74
ROIC Compounder ₹512.77 ₹575.23 ₹629.12 72
All 24 models by family
DCF Models
FCF DCF ₹971.65 ₹1,641 ₹2,770 38
Owner Earnings ₹1,003 ₹1,697 ₹2,868 31
5Y Revenue Exit ₹817.96 ₹1,319 ₹1,997 39
5Y EBITDA Exit ₹1,042 ₹1,785 ₹2,720 41
5Y P/E Exit ₹985.43 ₹1,666 ₹2,448 38
10Y Revenue Exit ₹842.54 ₹1,332 ₹2,076 36
10Y EBITDA Exit ₹1,009 ₹1,666 ₹2,670 37
10Y P/E Exit ₹972.21 ₹1,581 ₹2,446 35
Earnings-Based
Graham-Dodd ₹410.01 ₹1,940 ₹2,668 54
Lynch FV ₹514.93 ₹735.61 ₹956.30 50
PEG = 1.0 ₹514.93 ₹735.61 ₹956.30 46
EPV ₹512.77 ₹575.23 ₹629.12 59
Multiples
P/E Multiple ₹949.66 ₹1,266 ₹1,583 63
P/S Multiple ₹768.77 ₹1,025 ₹1,281 58
P/B Multiple ₹768.77 ₹1,025 ₹1,281 55
EV/EBIT ₹1,003 ₹1,299 ₹1,594 53
EV/EBITDA ₹1,160 ₹1,507 ₹1,854 54
EV/Revenue ₹749.62 ₹1,021 ₹1,292 43
Asset-Based
NCAV (Graham) ₹359.40 ₹481.59 ₹718.79 50
Growth DCF
Growth DCF ₹961.88 ₹1,565 ₹2,540 80
Rev-Margin DCF ₹817.96 ₹1,309 ₹1,949 74
Economic Profit
Residual Income ₹595.71 ₹639.40 ₹727.81 61
ROIC Compounder ₹512.77 ₹575.23 ₹629.12 72
Growth Earnings
Growth-Adj P/E ₹811.80 ₹1,160 ₹1,508 68

Widest divergence: DCF Models (₹1,641) versus Asset-Based (₹481.59). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹14.0B
Revenue growth (YoY) +58.5%
Net margin 4.0%
Return on equity 8.8%
Free cash flow ₹649M FY2026
P/E ratio 17.2
More key figures
Operating margin 3.2%
EPS (TTM) ₹60.26
EPS growth (YoY) +1,384%
Net cash ₹1.0B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 70/100

Of which business quality 71 · Market factors (momentum, volatility) 55

Profitability 56
Margins and returns on capital today
Quality Growth 83
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 92
Balance sheet, leverage, solvency risk
Investment 69
Disciplined investing over empire-building
Low Volatility 46
Calm price path (market factor)
Momentum 63
Price trend over the last 3–12 months (market factor)
52W Momentum 51
Distance to the 52-week high (market factor)
Net Issuance 81
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

IFB Agro Industries Limited manufactures and bottling of alcoholic beverages and processed marine food in India and internationally. It operates in two segments, Spirit, Spirituous Beverages and Allied Products, and Marine Products.

Full company description

IFB Agro Industries Limited manufactures and bottling of alcoholic beverages and processed marine food in India and internationally. It operates in two segments, Spirit, Spirituous Beverages and Allied Products, and Marine Products. The company operates Aquashop that offers seed, feed, aqua health care products, and farm equipment, as well as laboratory services; grain distillery that produces extra neutral alcohol; DDGS plant that produces animal feed supplement under the IFB Newgen DDGS brand; and IML bottling plants. It also provides ready-to-fry products, including fish fingers, breaded fish fillets, spicy fish sticks, kolkata bhetki fries, fish fritters, prawn pops, fish poppers, butterfly shrimps, prawn torpedoes, prawn cheese balls, prawn patties, and prawn money bags, as well as ready-to-cook prawns. In addition, the company offers formulated fish and shrimp feed products under the Nutrafeed brand and fish feed under the NutraShakti brand, as well as feed supplements for cattle and fish under the Nutrisigma brand. Further, it offers water and soil probiotic, noxious gas remover, toxic gas remover, zeolite + probiotic, pond freshener, special combined minerals, gut probiotic, immunity booster, water softener and moult inducer, binder gel, yeast, BKC 80%, iodine, fishpond sanitizer, fish parasite care-feed, cramp care, oxygen booster, and zeolite products under the Nutra-Essentials brand. Additionally, the company provides dry ice pellets and blocks under the PolarIce brand. It exports products to Belgium, France, Germany, Myanmar, Russia, Italy, Thailand, Japan, Vietnam, the United States, Canada, and the Middle East. IFB Agro Industries Limited was incorporated in 1982 and is based in Kolkata, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

IFB Agro Industries Limited reported revenue of ₹14.0B in FY2026 versus ₹10.0B in FY2022, a compound +8.9%/yr. Reported net income was ₹565M in FY2026, compounding −0.9%/yr from FY2022.

Growth Quality 85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹14.0B
Latest YoY
+32.6%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+4.6%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+15.2%
Avg. growth/yr (20Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+12.1%
Revenue +8.9%/yr
FY22 ₹10.0B
FY23 ₹12.3B
FY24 ₹9.2B
FY25 ₹10.6B
FY26 ₹14.0B
Net income −0.9%/yr
FY22 ₹585M
FY23 ₹491M
FY24 −₹80.8M
FY25 ₹223M
FY26 ₹565M
Character of growth · EPS growth decomposed (2015-2026) +4.6 % p.a.
Revenue per share +6.5 pp

of which total revenue +6.5 pp · buybacks/dilution +0.0 pp

EBIT margin −1.3 pp
Tax rate −1.1 pp
Residual (interest, one-offs) +0.6 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "IFB Agro Industries Limited Fair Value". https://www.fairvalue-calculator.com/stock/IFBAGRO

Peer Group

Beverages - Wineries & Distilleries · 97 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 70 · Top 25%
Fair Value upside +22% · Above median
Return on equity (TTM) 9% · Above median
Return on assets 5% · Above median
Net margin (TTM) 4% · Below median
Operating margin (TTM) 3% · Below median
Revenue growth 59% · Top 25%
Debt / equity 0.10× · Higher than median

Valuation Multiples vs Beverages - Wineries & Distilleries median · lower = cheaper

P/E (TTM) 17.2× · Cheaper than median
P/B 1.32× · Pricier than median
P/S (TTM) 0.64× · Cheaper than median
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 7.8× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 63 · sector 22
FUTURE 100 · sector 0
PAST 35 · sector 17
HEALTH 95 · sector 95
DIVIDEND 0 · sector 61

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Alcohol

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Beverages - Wineries & Distilleries stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Kweichow Moutai Co 600519 ¥1,343 ¥1,238 -8%
Diageo plc DEO $93.96 $73.29 -22%
Wuliangye Yibin Co 000858 ¥75.28 ¥48.44 -36%
Shanxi Xinghuacun Fen Wine Factory Co 600809 ¥122.32 ¥185.80 +52%
Pernod Ricard SA RI €67.96 €76.13 +12%
Luzhou Laojiao Co 000568 ¥91.09 ¥149.17 +64%
Brown-Forman Corporation BFA $28.40 $27.69 -3%
United Spirits Limited UNITDSPR ₹1,515 ₹381.12 -75%
Thai Beverage Public Company Y92 0.4700 SGD 0.7000 SGD +49%
Jiangsu Yanghe Distillery Co 002304 ¥41.62 ¥27.82 -33%

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Frequently asked questions

Is IFB Agro Industries Limited (IFBAGRO) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹1,266 versus a price of ₹1,038, about +22% (undervalued).
What is the fair value of IFBAGRO?
Our model-based fair value for IFB Agro Industries Limited is ₹1,266 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹1,038.
What is the quality score of IFBAGRO?
IFB Agro Industries Limited has a Quality Score of 70/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of IFB Agro Industries Limited (IFBAGRO)?
IFB Agro Industries Limited reported trailing-twelve-month revenue of about ₹14.0B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of IFBAGRO?
The net profit margin of IFB Agro Industries Limited is about 4.0%, meaning it keeps roughly 4.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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