Firstcall Research's report on IFB AgroIFB Agro Industries Ltd. manufactures alcoholic beverages, flavored liquors, extra neutral alcohol and technical alcohol. The Company sells different brands of liquor, sells fertilizer, and cattle feed. IFB Agro Industries also provides project engineering and contract services in the chemicals area. The Corporate office is situated at EM Bypass, Kolkata, and West Bengal.On the basis of EV/EBITDA, the stock trades at 4.89 x for FY16E and 4.22 x for FY17E. Price to Book Value of the stock is expected to be at 1.46 x and 1.31 x for FY16E and FY17E respectively. We recommend ‘BUY’ in this particular scrip with a target price of Rs 440.00 for Medium to Long term investment. For all recommendations, click here Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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