“IFB Agro is a debt-free company and valuation is at less than seven times FY23. They would do close to Rs 2,900 crore of revenue and about Rs 75 crore of profit and the market cap is only Rs 511-520 crore. It is pretty reasonably priced with the expected ROC of more than 20-22% in FY23. I would say that one can get a good 30-40% return in the stock if invested for one, one and a half years.”
