IFL Enterprises Limited Buyback 2023
IFL ENTERPRISES LIMITED was originally incorporated in the National Capital Territory of Delhi as SARTHAK SUPPLIERS PRIVATE LIMITED on January 23, 2009 vide Certificate of Incorporation issued by the Registrar of Companies, NCT of Delhi & Haryana. IFL Enterprises Limited is involved in the business of acquisition, trading of shares, stocks, bonds, and trading of Paper, Stationery items etc. It offers a diverse product range which includes All kind of Paper related items. like Writing paper, coated paper, A/4 paper, Hi bright, Copier paper, Duplex Board, Art and Craft paper, Notebooks, etc.
Buy Back Offer Deal:
| Date of Board Meeting approving the proposal: | Nov 01 2023 |
| Date of Public Announcement: | Nov 01 2023 |
Details of Buyback:
The Board of Directors will discuss their decision to offer buy back to the shareholders of the company in next AGM.
Salient financial parameters:
| Particulars (In Cr) | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| Sales + | 6.61 | 2.25 | 1.36 | 1.46 | 5.55 |
| Expenses + | 6.78 | 2.05 | 1.54 | 2.73 | 5.76 |
| Operating Profit | -0.17 | 0.2 | -0.18 | -1.27 | -0.21 |
| OPM % | -2.57% | 8.89% | -13.24% | -86.99% | -3.78% |
| Other Income + | 0.27 | 0.14 | 0.11 | 1.09 | 0.92 |
| Interest | 0 | 0.01 | 0 | 0 | 0 |
| Depreciation | 0.05 | 0.06 | 0.04 | 0.03 | 0.02 |
| Profit before tax | 0.05 | 0.27 | -0.11 | -0.21 | 0.69 |
| Tax % | 20.00% | 3.70% | -9.09% | 0.00% | 24.64% |
| Net Profit + | 0.03 | 0.26 | -0.12 | -0.21 | 0.51 |
| EPS in Rs | 0 | 0.03 | -0.02 | -0.03 | 0.02 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Profit from the buyback on the bases of acceptance Ratio:
(To be Updated)
Recommendation:
(To be Updated)
10 Comments
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I wonder how this kind of companies get publicized in this zone 🤔
Update on the Board meeting is curiously awaited please .
Gnfc
Bm 8 nov 23
For buyback
Seems good
Somani ceramic
Board meeting 26 Oct 23 for buyback .
Wait and watch
Better to avoid.
I won’t be surprised if they decide not to go for buy back on the announced date.
It appears to be a operator share. 40% lost in 5-6 days with a high swing upto 20% up.
13.15 to 16 to 10.05. Hope not much retail are trapped.
Don’t see any update on this one. Just curious 🤔
Please be observant about very high PE ~ 300 and PB – 11.05
It is funny. Look at the financial parameters! Absolutely not a penny is seen. I don’t know where from the money will come for buyback .