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Prices as of 8 Oct 2026 close · Not investment advice

Indian Metals & Ferro Alloys Limited

NSE: IMFAFerro & Silica Manganese

Share price

₹1,165.10

-1.83% close of 8 Oct 2026

Market cap ₹6,292 CrP/E 12.0

Business score

How strong the business is, in one number. The parts behind it are in Pro.

62

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹6,292 Cr

P/E ratio

12.0

P/B ratio

2.3

ROCE

18.4%

ROE

16.8%

Dividend yield

1.1%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹1,653.9052-week low ₹1,078.20

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 23.6% over the past year, and 8.5% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales slipped from 30.7% to 23.2% over the last four years.

Whether it grew faster than its sector

It grew 8.5% a year against a sector median of 10.6% — 2.0 percentage points slower.

Room to re-rate, or risk of de-rating

At 12.0× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 18.1×, across 5 companies. It is against its own five-year median of 9.7×, the 74th percentile of its own range.

Whether growth justifies the valuation

Priced at 0.5 times its growth rate, on earnings growth of 22%.

Profit growthPrice per ₹1 profitPer 1% growth
Indian Metals & Ferro Alloys Limited — this one22%/yr12.0×₹0.55
Adani Enterprises—141.1×—
JSW Steel35%/yr23.9×₹0.68
Hindustan Zinc10%/yr13.2×₹1.3
Tata Steel10%/yr18.1×₹1.8
Hindalco Industries19%/yr9.5×₹0.50

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies across the whole Metals & Mining sector, it ranks 15 of 61 on returns, 33 of 52 on growth, 13 of 61 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A narrow advantage: it earns 18.4% on capital, ahead of 75% of companies across its whole sector. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹1904 crore of cash from the business, spent ₹1412 crore on plant and equipment, and returned ₹388 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 156 arrived as cash — well above the profit; depreciation and interest are the reason, not a windfall.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

8 of 9 checks clear · 89%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Profit doubled on the new furnaces, but full-year output guidance was cut

Announced 4 Aug 2026 · Consolidated · Unaudited

Revenue

₹960 Cr

Revenue vs last year

+49.6%

Revenue vs last quarter

+25.9%

Net profit

₹193 Cr

Profit vs last year

+107.1%

Profit vs last quarter

+87.0%

Net margin

20.1%

EPS

₹35.65

Earnings call transcript · 4 Aug 2026

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹6,292 Cr
Prev close
₹1,165.10
52w High
₹1,680
52w Low
₹1,064
Enterprise value
₹6,833 Cr
Beta
1.2
Price CAGR 1y
2.0%
Price CAGR 3y
43.0%
Price CAGR 5y
25.0%
Price CAGR 10y
25.0%

Ratios

Return on assets
9.8%
PEG ratio
0.5
P/E ratio
12.0
P/B ratio
2.3
EV / EBITDA
9.2
Industry P/E
19.4
ROCE
18.4%
ROCE 5y average
23.0%
ROE
16.8%
Debt / Equity
0.4
Interest coverage
16.4
Dividend yield
1.1%
ROE 3y average
17.0%
ROE last year
17.0%

Annual P&L

Annual revenue
₹2,826 Cr
Annual profit
₹425 Cr
Operating margin
21.0%
Net profit margin
15.0%
EBITDA margin
20.8%
Sales growth 3y
1.8%
Sales growth 5y
8.9%
Profit growth 3y
22.0%
Profit growth 5y
22.0%
EPS
₹78.6
Sales growth TTM
24.0%
Profit growth TTM
46.0%
Dividend payout
16.0%

Quarter P&L

Sales latest quarter
₹960 Cr
Profit latest quarter
₹193 Cr
YoY quarterly sales growth
49.7%
YoY quarterly profit growth
107.5%
OPM latest quarter
29.3%

Balance Sheet

Book Value
₹503
Face Value
₹10.0
Total debt
₹958 Cr
Total cash
₹47 Cr
Borrowings
₹958 Cr
Reserves / Equity
49.3

Cash Flow

Operating cash flow
₹318 Cr
Free cash flow
-₹1,016 Cr
FCF yield
-16.7%
Net cash flow
₹27 Cr

Shareholding

Promoter holding
58.7%
FII holding
2.9%
DII holding
0.8%
Public holding
37.6%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Indian Metals1,186.8012.26,4031.05192.6108.4960.549.718.4
Maithan Alloys905.759.12,6371.88395.7-26.7539.5-14.77.7
VISA Chrome35.225130.00-9.6-320.8120.4-29.6-5.6
Nilachal Carbo117.2527.72920.002.995.614.7
Jainam Ferro211.5538.42480.001.2-47.297.4-9.16.9
Nagpur Power167.002190.00-0.2-141.017.19.60.4
Owais Metal66.8073.61210.00-23.6-193.40.3-99.74.3
Median117.2520.02480.001.2-37.095.6-11.96.9

Competes with: Maithan Alloys Limited, Shyam Century Ferrous Limited, VISA Chrome Limited, Visa Steel Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales702693685701662692643567642719703763960
Expenses529542526596501521515497516580539604679
Material Cost232248254257279351
Change in Inventories-4.439.5627-14-9.77-29
Purchases of Stock-in-Trade000000
Employee Cost666261716982
Other Expenses203196238225265275
Operating Profit17315015910516117012871125138164159281
OPM %25222315242520122019232129
Other Income1012101113191717221622613
Exceptional items (within Other Income)000000
Interest81385468107891112
Depreciation25261513141314141515151823
Profit before tax1491231469815717012364126131161136258
Tax %26272564282624262625192425
Net Profit111891093611312593479398131103193
EPS in Rs2017206.542123178.771718241936
Diluted EPS in Rs8.771718241936

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,3451,2111,6721,7661,6341,6121,8442,6032,6762,7802,5652,8263,145
Expenses1,1041,0881,1591,3331,3611,5231,5071,7932,1882,1932,0342,2382,402
Material Cost1,0261,040
Change in Inventories-7.8413
Purchases of Stock-in-Trade00
Employee Cost238263
Other Expenses778924
Operating Profit24112351343227289338810488587531588743
OPM %1810312417618311821212124
Other Income13-14827-62215017942666556
Exceptional items (within Other Income)00
Interest106818375949755596635283641
Depreciation1221141091019810410411010778556372
Profit before tax26-7336928319-91228658324516514554687
Tax %84-403334103-27272330332623
Net Profit4-44249187-1-66167508226344379425525
EPS in Rs0.71-8.474634-0.19-1231944264707997
Diluted EPS in Rs7079
Dividend Payout %106-122222-1,3230161324122816

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
9%
5 years
9%
3 years
2%
TTM
24%

Compounded profit growth

10 years
32%
5 years
22%
3 years
22%
TTM
46%

Stock price CAGR

10 years
25%
5 years
25%
3 years
43%
1 year
2%

Return on equity

10 years
15%
5 years
19%
3 years
17%
Last year
17%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital262627272727275454545454
Reserves8558071,0371,1891,1431,0571,2151,6611,8192,0512,2942,664
Borrowings1,1281,060910822766713679490341237389958
Other Liabilities539501530614719617620616440571441641
Minority Interest8.888.85
Total Liabilities2,5482,3942,5042,6522,6552,4142,5412,8212,6542,9133,1774,317
Fixed Assets1,3721,3301,2751,2561,1771,2161,1551,1119909971,0501,571
CWIP193226236273304264248267707875794
Investments0351611486933120155264372909383
Other Assets9838038329741,1049011,0191,2901,3301,4661,1441,568
Total Assets2,5482,3942,5042,6522,6552,4142,5412,8212,6542,9133,1774,317

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity174218485290217221207390151460585318
Cash from Investing Activity-43-101-162-88-31-49-106-106140-209-562-753
Cash from Financing Activity-113-161-322-191-187-182-99-284-291-207-68462
Net Cash Flow18-44210-2-112-0144-4427
Free Cash Flow102131443173113127182303387347471-1,016

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days1441513117182012181631
Inventory Days208177176192256168174207162224264283
Days Payable8674618812872744952887096
Cash Conversion Cycle137107130117140103118178122153210218
Working Capital Days3-39112-8-29-21374714114
ROCE %71231790143418242118

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Sep 2026
Line itemDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters595959595959595959595959
FIIs2.932.882.893.104.043.813.403.693.353.873.592.88
DIIs0.100.101.360.920.820.810.190.210.640.820.880.84
Public383837373637383737373738
No. of Shareholders47,70547,63650,85051,52547,71549,68850,15246,65255,72552,98355,34753,271

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -6.2% (₹1,242.70 → ₹1,165.10)Brick size ₹42.07 (fixed)Bricks 63
₹1,400₹1,600₹1,165Nov '25Jan '26Mar '26May '26Jul '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹1,165.10 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

exports as % of revenue

95.00pct

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

541inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

1,29,23,228inr

2026-03-31

News

News and filings about Indian Metals & Ferro Alloys Limited. Open one to see why it matters.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • carbon paste (electrode paste)
  • chrome ore / chromite (captive from Sukinda & Mahagiri mines)
  • coal (for captive power plants)
  • metallurgical coke (reductant, procured externally)
  • quartz

Depends on the price of

  • Coking Coal
  • coal

Sells to

Buys from

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Metals & Mining
Industry
Ferro & Silica Manganese
Classification
Metals & Mining › Ferro & Silica Manganese
ISIN
INE919H01018

Business segments

  • Ferro Chrome · 74%
  • Power · 14%
  • Mining · 12%
  • Others · 0%

Plants

  • IMFA Choudwar ferro chrome complex
  • IMFA Kalinganagar (KNR) greenfield expansion project
  • IMFA Kalinganagar acquired ferro chrome plant
  • IMFA Mahagiri chromite mine
  • IMFA Sukinda chromite mine
  • IMFA Therubali ferro alloys complex
  • IMFA captive power plants

News impact

Big market events that reach Indian Metals & Ferro Alloys Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

31 Jul 2026unspecified₹7.5
11 Nov 2025interim₹5
25 Jul 2025unspecified₹5
5 Feb 2025interim₹5
14 Nov 2024interim₹10
22 Jul 2024unspecified₹7.5
8 Apr 2024special₹15
10 Nov 2023interim₹7.5

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.