MarketFriction

Indian Metals & Ferro Alloys Ltd

NSE IMFA · BSE 533047 · Ferro & Silica Manganese
₹1,176.80 -1.18%
NSE close2026-10-01
52 week range1,064.10 - 1,679.90
Market cap₹6,510 Cr.
P/E12.4
Microcap 250 Price band 20% Delivery 52.4%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales693685701662692643567642719703763960
Expenses542526596501521515497516580539604679
Operating Profit15015910516117012871125138164159281
OPM %22%23%15%24%25%20%12%20%19%23%21%29%
Other Income12101113191717221622613
Interest1385468107891112
Depreciation261513141314141515151823
Profit before tax1231469815717012364126131161136258
Tax %27%25%64%28%26%24%26%26%25%19%24%25%
Net Profit891093611312593479398131103193
EPS in Rs16.5320.146.5420.9523.1717.308.7717.1118.0724.3319.1335.65
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,2111,6721,7661,6341,6121,8442,6032,6762,7802,5652,8263,145
Expenses1,0881,1591,3331,3611,5231,5071,7932,1882,1932,0342,2382,402
Operating Profit12351343227289338810488587531588743
OPM %10%31%24%17%6%18%31%18%21%21%21%24%
Other Income-14827-62215017942666556
Interest818375949755596635283641
Depreciation1141091019810410411010778556372
Profit before tax-7336928319-91228658324516514554687
Tax %-40%33%34%103%-27%27%23%30%33%26%23%
Net Profit-44249187-1-66167508226344379425525
EPS in Rs-8.4746.1034.46-0.19-12.3130.8494.0141.7563.6870.1978.6497.18
Dividend Payout %-12%22%22%-1,323%0%16%13%24%12%28%16%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth9%9%2%24%
Compounded Profit Growth32%22%22%46%
Stock Price CAGR27%26%42%8%
Return on Equity15%19%17%17%
Mar 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
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
Mar 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
CFO/OP75%187%101%85%96%247%69%75%45%107%135%77%
Mar 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 %7%1%23%17%9%0%14%34%18%24%21%18%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters58.69%58.69%58.69%58.69%58.69%58.69%58.69%58.69%58.69%58.69%58.69%58.69%
FIIs2.47%2.93%2.88%2.89%3.10%4.04%3.81%3.40%3.69%3.35%3.87%3.59%
DIIs0.09%0.10%0.10%1.36%0.92%0.82%0.81%0.19%0.21%0.64%0.82%0.88%
Public38.74%38.29%38.34%37.06%37.30%36.45%36.69%37.73%37.41%37.33%36.63%36.85%
No. of Shareholders42,94747,70547,63650,85051,52547,71549,68850,15246,65255,72552,98355,347

Fundamentals

Market Cap₹ 6,510 Cr.
Current Price₹ 1,206
Stock P/E12.4
Book Value₹ 504
ROCE18.4 %
ROE16.8 %
Dividend Yield1.04 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)24%
Compounded Profit Growth (TTM)46%
Consolidated figures.
Valuation
Market capRs 6,349 Cr
Enterprise valueRs 7,260 Cr
P/E (TTM)12.11x
Price to book2.34x
Price to sales2.02x
EV / EBITDA9.08x
EV / EBIT9.98x
EV / sales2.31x
Price to cash flow19.96x
Earnings yield8.26%
Dividend yield1.06%
P/E, 3-year average11.35x
P/B, 3-year average1.81x
P/E, 5-year average9.06x
P/B, 5-year average1.51x
Profitability
Operating margin (excl. other income)20.80%
Operating margin (incl. other income)23.09%
EBITDA margin25.42%
Pre-tax margin21.83%
Net profit margin16.67%
Net margin, latest quarter20.03%
ROE16.75%
ROCE18.39%
ROA11.32%
ROE, 3-year average17.01%
ROCE, 3-year average21.32%
ROA, 3-year average12.04%
ROE, 5-year average19.58%
ROCE, 5-year average23.27%
ROA, 5-year average12.65%
ROIC (approx.)15.38%
Tax rate23.34%
Other income / net worth2.38%
Growth
Sales growth (latest year)10.21%
Profit growth (latest year)12.03%
Sales CAGR, 3 years1.83%
Sales CAGR, 5 years8.91%
Profit CAGR, 3 years23.50%
Profit CAGR, 5 years20.57%
Sales growth QoQ25.83%
Profit growth QoQ86.34%
Sales growth YoY (latest quarter)49.71%
Profit growth YoY (latest quarter)108.41%
Per share
EPS (TTM)Rs 97.18
EPS (latest year)Rs 78.64
EPS (latest quarter)Rs 35.65
EPS, 3-year averageRs 70.84
EPS, 5-year averageRs 69.65
Book value per shareRs 503.67
Sales per shareRs 582.94
Cash flow per shareRs 58.96
Free cash flow per shareRs -188.31
Dividend per share (latest year)Rs 12.50
Dividend per share, 3-year averageRs 13.33
Dividend per share, 5-year averageRs 12.50
Dividends
Dividend payout15.90%
Dividend payout, 3-year average18.72%
Dividend payout, 5-year average18.68%
Efficiency
Asset turnover0.65x
Fixed asset turnover1.80x
Inventory turnover2.08x
Inventory days175 days
Debtor days31 days
Debtors turnover11.82x
Creditor days96 days
Cash conversion cycle218 days
Working capital days14 days
Leverage
Total debtRs 958 Cr
Cash and bankRs 47 Cr
Net debtRs 910 Cr
Debt to equity0.35x
Net debt / EBITDA1.14x
Interest coverage17.70x
Current ratio (filing 2026-03-31)1.44x
Quick ratio (filing 2026-03-31)0.75x
Trade payables (filing 2026-03-31)Rs 277 Cr
Owners' fund to total sources62.96%
Debt to assets22.18%
Cash flow
Cash from Operating Activity (latest year)Rs 318 Cr
Cash from Investing Activity (latest year)Rs -753 Cr
Cash from Financing Activity (latest year)Rs 462 Cr
Net Cash Flow (latest year)Rs 27 Cr
Free cash flow (latest year)Rs -1,016 Cr
FCFE (approx.: FCF + change in debt)Rs -447 Cr
Cash from ops / profit, 5 years1.01x
Sales to cash flow8.89x
Statement figures
Net sales (TTM)Rs 3,145 Cr
Net sales (latest year)Rs 2,826 Cr
Sales (latest quarter)Rs 960 Cr
Operating profit excl. other income (latest year)Rs 588 Cr
Operating profit (latest quarter)Rs 281 Cr
Other income (TTM)Rs 56 Cr
EBITDA (TTM)Rs 799 Cr
PBDT (TTM)Rs 758 Cr
Profit before tax (TTM)Rs 687 Cr
Tax (latest year)Rs 129 Cr
Net profit (TTM)Rs 524 Cr
Net profit (latest year)Rs 424 Cr
Net profit (latest quarter)Rs 192 Cr
Depreciation (TTM)Rs 72 Cr
Depreciation (latest quarter)Rs 23 Cr
Interest (TTM)Rs 41 Cr
Cost of goods sold (latest year)Rs 1,696 Cr
Total expenditure (latest year)Rs 2,238 Cr
Total income (latest year)Rs 2,891 Cr
Share capitalRs 54 Cr
ReservesRs 2,664 Cr
Shareholders' fundsRs 2,718 Cr
Total assetsRs 4,317 Cr
Net blockRs 1,571 Cr
Capital work in progressRs 794 Cr
InvestmentsRs 383 Cr
ReceivablesRs 239 Cr
InventoryRs 815 Cr
Other liabilitiesRs 641 Cr
Shares outstanding (crore)5.40
Ownership
Promoter holding58.69% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 12.1 is at the 66th percentile of its own 7.4-year range (median 9.8, low 2.6, high 24.4).
P/B 2.34 is at the 88th percentile (median 1.25).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodIMFANifty 50Difference
1 week-5.2%-2.8% -2.4 pts
1 month-9.6%-6.8% -2.8 pts
3 months-14.4%-7.6% -6.8 pts
6 months-2.1%+0.4% -2.5 pts
1 year+1.5%-9.9% +11.4 pts
2 years+75.8%-13.6% +89.3 pts
3 years+181.2%+14.2% +167.0 pts
5 years+206.1%+27.9% +178.2 pts
8 mutual fund schemes hold about ₹5 Cr. Over three months 6 bought more and 2 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Motilal Oswal Nifty Microcap 250 Index Fund0.20%5 +13%
Groww Nifty Total Market Index Fund0.01%0 +17%
Angel One Nifty Total Market Momentum Quality 50 Index Fund0.09%0 -15%
Angel One Nifty Total Market Index Fund0.01%0 +17%
Motilal Oswal BSE 1000 Index Fund0.01%0 +17%
Samco Multi Cap Fund0.00%0 -100%
Mirae Asset Nifty Total Market Index Fund0.01%0 +17%
Bandhan Nifty Total Market Index Fund0.01%0 +17%

Red flags

F-score 4 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹960 Cr +49.5% vs Jun 2025. Net profit ₹193 Cr +107.5%.
Against our estimate for Jun 2026: sales +22.6%, profit +75.4% big beat. Our estimate for Sep 2026: sales Rs 1,021 Cr, profit Rs 165 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-31Dividend - Rs 7.50 Per Share
2025-11-11Interim Dividend - Rs 5 Per Share
2025-07-25Dividend - Rs 5 Per Share
2025-02-05Interim Dividend - Rs 5 Per Share
2024-11-14Interim Dividend - Rs 10 Per Share
2024-07-22Annual General Meeting/Dividend - Rs 7.50 Per Share
2024-04-08Special Dividend - Rs 15 Per Share
2023-11-10Interim Dividend - Rs 7.50 Per Share
2023-07-21Annual General Meeting/Dividend - Rs 5 Per Share
2022-11-03Interim Dividend- Rs 5 Per Share
2022-07-21Annual General Meeting/Dividend - Rs 7.50 Per Share
2022-01-07Bonus 1:10.5000
2021-11-08 Interim Dividend - Rs 5 Per Share
2021-07-20 Annual General Meeting/Dividend - Rs 7 Per Share
2021-02-17 Interim Dividend - Rs 3 Per Share
2020-09-15 Annual General Meeting
2019-07-08 Annual General Meeting/Dividend - Rs 5 Per Share
2018-07-09 Annual General Meeting/Dividend Rs 10/- Per Share
2018-03-28 Interim Dividend - Rs 5 Per Share (Record Date Updated)
2017-07-07 Annual General Meeting/Dividend - Rs 10/- Per Share
2017-02-14 Interim Dividend Rs 10/- Per Share (Purpose Revised)
2016-07-18 Annual General Meeting
2015-07-15Annual General Meeting / Dividend - Rs 1.50/- Per Share
2014-07-11Annual General Meeting / Dividend - Rs 3/- Per Share
2013-07-18Annual General Meeting/Dividend Rs 5/- Per Share
2012-07-20Annual General Meeting/Dividend Rs 5 Per Share
2011-07-08Annual General Meeting And Dividend Rs.5/- Per Share
2010-11-11Interim Dividend - Rs.5/- Per Share
DateTypeWhat it says
2026-09-22Regulatory actionAction(s) initiated or orders passed
2026-09-16Concall / analyst meetSchedule of meet
2026-09-11Shareholder meetingVoting results.
2026-09-10Shareholder meetingProceedings of Postal Ballot
2026-09-08AppointmentAppointment of Mr Partha Satpathy as Non- Execut of the company w.e.f. September 08, 2026.
2026-08-25General UpdatesGeneral Updates
2026-08-12General UpdatesGeneral Updates
2026-08-11Concall / analyst meetTranscript
2026-08-11Shareholder meetingNotice of Postal Ballot
2026-08-07Concall / analyst meetSchedule of meet
2026-08-05Shareholder meetingVoting results.
2026-08-05Regulatory actionAction(s) initiated or orders passed
2026-08-04Shareholder meetingProceedings of Annual General Meeting held on August 04, 2026
2026-08-04Concall / analyst meetLink of Recording
2026-08-04AppointmentAppointment of Mr G V Rakesh as Senior General Manager Manufacturing (FA) & EIC, Therubali as Senior Management Personnel of the company w.e.f. Augus...
2026-08-04AppointmentAppointment of Mr Mr Sanjaya Kumar Satapathy as Other of the company w.e.f. August 04, 2026.
2026-08-04Investor PresentationInvestor Presentation
2026-08-04Press ReleaseAbout
2026-08-04Board meeting outcomeIndian Metals & Ferro Alloys Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-28Concall / analyst meetSchedule of meet
2026-07-24General UpdatesGeneral Updates
2026-07-13Shareholder meetingNotice of Annual General Meeting to be held on August 04, 2026
2026-06-30AppointmentAppointment of Dr Deepak Kumar Mohanty as Non- Executive Independent Director of the company w.e.f. Jun 30, 2026.
2026-06-29Disclosure under SEBI TakeovIndian Metals & Ferro Alloys Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of...
2026-06-03Concall / analyst meetTranscript
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2019-02-27NCLTIndian Metals and Carbide Ltd. Vs
2018-01-15CESTATINDIAN METALS AND FERRO ALLOYS LIMITED ---VS.--- DESIGNATED AUTHORITY DIRECTORATE GENERAL OF ANTI-DUMPING AND ALLIED DUTIES
2017-12-04CESTATINDIAN METALS AND FERRO ALLOYS LIMITED ---VS.--- DESIGNATED AUTHORITY DIRECTORATE GENERAL OF ANTI-DUMPING AND ALLIED DUTIES
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Indian Metals & Ferro Alloys Ltd?

Indian Metals & Ferro Alloys Ltd (IMFA) has a market capitalisation of Rs 6,510 Cr. at the 2026-10-01 close.

What is the P/E ratio of Indian Metals & Ferro Alloys Ltd?

Indian Metals & Ferro Alloys Ltd trades at a P/E of 12.4 on trailing twelve-month profit, at the 2026-10-01 close.

What were Indian Metals & Ferro Alloys Ltd's latest quarterly results?

In the Jun 2026 quarter, Indian Metals & Ferro Alloys Ltd sales was Rs 960 Cr (+49.5% vs Jun 2025) and net profit was Rs 193 Cr.

What is the 52-week high and low of Indian Metals & Ferro Alloys Ltd?

The 52-week high is Rs 1,679.90 and the 52-week low is Rs 1,064.10.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03