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I F B Agro Industries Limited
Sector:Chemicals Chemicals - Organic Chemicals
BSE:507438NSE:IFBAGROBloomberg:IFBA@INReuters:IFBA.BO
Market Lot: 1Face Value: 10ISIN Demat: INE076C01018
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20-Jul-2016
Business Profile
IFB Agro Industries (IFBAGRQ) has business interests in Indian made foreign liquor (IMFL), industrial alcohol and marine products. It was incorporated as a private limited company on Feb. 19, 1982 and became a public limited company with the present name on Apr. 03, 1986.

The company operates through its alcohol and marine divisions. Besides rectified spirit, the alcohol division has its strategic business unit of IMFL, which has operations existing in West Bengal, Orissa and The North East with a portfolio of nine brands. It has its manufacturing and bottling plants located in West Bengal. The Noorpur distillery has an installed capacity of 50,000 liters per day based on molasses and started commercial production of grain spirit in September 2007. The company facilities have been approved by Mohan Meakins for their Old Monk and Solan No. 1 brands.

The marine division caters to both the domestic and export markets. It supplies marine products like shrimps, ready-to-fry products including Prawn Pops, and has feed trading activities. The processing unit is located in Kolkata, West Bengal with an installed capacity of 2,520 MT of marine products. In FY07, the company increased its export sales by 35% and the domestic business by 42%. The company meets the HACCP and USFDA norms and exports to Japan, Europe, USA, Australia, UAE, and Thailand among other countries.

The registered office of the company is located at Plot No.IND-5, Sector-1, East Calcutta Township, Kolkata-700107, West Bengal.


Financials
The company announced rise of 20.38% in standalone net profit on y-o-y basis to Rs 88.01 million, while total income climbed 38.87% y-o-y basis to Rs 2.13 billion for the quarter ended June 2016.

Recent Developments
07-APR-14
IFB Agro Industries announced that its board of directors has approved purchase of all the business of Nurpur Gases.

29-OCT-13
India Ratings & Research (Ind-Ra) has upgraded IFB Agro Industries (IFB Agro) long-term issuer rating to 'IND A-' from ???IND BBB+???. The outlook is stable.

31-MAY-13
IFB Agro Industries, reported sharp rise in standalone net profit for the quarter ended March 2013. During the quarter, the profit of the company rose 14.79 times to Rs 40.01 million from Rs 2.71 million in the same quarter last year.

31-MAY-13
IFB Agro Industries announced that its board of directors has decided to split the capital expenditure at its distillery situated at Noorpur, South 24-Parganas, West Bengal in two phases due to imposition of spirit removal fee of Rs 2 per BL imposed by the state government



In Brief

 
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