Indian Metals & Ferro Alloys Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Strong return on equity (ROE 16.8%)
- Efficient capital deployment (ROCE 18.4%)
- Attractively valued vs sector (P/E 11.3x vs industry 29.4x)
- Low debt relative to equity (D/E 0.4x)
- Near 52-week low — potential value zone (₹1,051)
Concerns
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| ADANIENT Adani Enterprises Limited | ₹2,480 | ₹3.4L Cr | 141 | 3.96 | 4.48 | 5.8 | 2.03 |
| JSWSTEEL JSW Steel Limited | ₹1,241 | ₹2.9L Cr | 18.5 | 2.68 | 10.2 | 11 | 0.62 |
| HINDZINC Hindustan Zinc Limited | ₹507 | ₹2.1L Cr | 10.1 | 7.15 | 76.6 | 69.5 | 0.22 |
| TATASTEEL Tata Steel Limited | ₹169 | ₹2.1L Cr | 17.7 | 2.07 | 11.7 | 12.5 | 1.01 |
| HINDALCO Hindalco Industries Limited | ₹894 | ₹2.0L Cr | 9.39 | 1.47 | 13 | 13.2 | 0.56 |
| VAML Vedanta Aluminium Metal Limited | ₹— | ₹1.3L Cr | 8.51 | — | — | — | — |
| JINDALSTEL JINDAL STEEL LIMITED | ₹1,048 | ₹1.0L Cr | 32.1 | 2.04 | 8.22 | 9.7 | 0.43 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
IMFA · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 58.69% | 58.69% | 58.69% | 58.69% | 58.69% | 58.69% |
| FII | 2.93% | 2.88% | 2.89% | 3.10% | 4.04% | 3.81% |
| DII | 0.10% | 0.10% | 1.36% | 0.92% | 0.82% | 0.81% |
| Public | 38.29% | 38.34% | 37.06% | 37.30% | 36.45% | 36.69% |
Corporate Events
To consider and approve the financial results for the period ended Jun 30, 2026 and other business matters
Dividend - Rs 7.50 Per Share
To consider and approve the financial results for the period ended March 31, 2026, dividend and other business matters
Interim Dividend - Rs 5 Per Share
Dividend - Rs 5 Per Share
Interim Dividend - Rs 5 Per Share
Interim Dividend - Rs 10 Per Share
Record: 14 Nov 2024
Annual General Meeting/Dividend - Rs 7.50 Per Share
Special Dividend - Rs 15 Per Share
Interim Dividend - Rs 7.50 Per Share
Latest News
All newsIMFA reports Q1FY26 financial results
*IMFA reports Q1FY26 financial results.* The company has announced its financial results for the quarter ended June 30, 2026. Key metrics include revenue of **₹1,240 crore** and net profit of **₹98 crore**, marking a **12% YoY decline** in profitability due to higher input costs. Results reflect margin pressure amid stable demand. 📊 *STOCKS:* $IMFA | 🏢 *SECTOR:* Metals | #HIGHIMPACT #Earnings
IMFA launches Kalinganagar greenfield project
*IMFA launches Kalinganagar greenfield project.* The Odisha CM inaugurated IMFA’s greenfield facility at Kalinganagar, marking a strategic expansion in its production capacity. The project reflects **₹** and strengthens IMFA’s foothold in the eastern mineral belt. This capex move could enhance future revenue streams. 📊 *STOCKS:* IMFA | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Capex
IMFA appoints Partha Satpathy as Independent Director
*IMFA appoints Partha Satpathy as Independent Director.* Indian Metals & Ferro Alloys Limited has issued a notice for a postal ballot to approve the appointment of Mr. Partha Satpathy as an Independent Director. The move is part of routine corporate governance updates. Shareholder approval will formalize the appointment. 📊 *STOCKS:* IMFA | 🏢 *SECTOR:* Metals | #LOWIMPACT #DirectorAppointment
Indian Metals updates on analyst and investor meet schedule
*Indian Metals updates on analyst and investor meet schedule* — The company has informed the exchange about the schedule of its upcoming Analysts and Institutional Investor Meet. The event aims to provide updates on business performance and strategy. No financial figures or major announcements were disclosed. 📊 *STOCKS:* $IMFA | 🏢 *SECTOR:* Metals | #LOWIMPACT #CorporateUpdate
Indian Metals submits postal ballot results to NSE
*Indian Metals submits postal ballot results to NSE* — The company has shared the scrutinizers' report and voting outcomes of its postal ballot with the stock exchange. This follows standard corporate procedure for shareholder decisions. No material business changes were disclosed. 📊 *STOCKS:* $IMFA | 🏢 *SECTOR:* Metals | #LOWIMPACT #Shareholders
Indian Metals informs bourse about postal ballot notice publication
*Indian Metals informs bourse about postal ballot notice publication.* The company has published a notice for a postal ballot in a newspaper, as per regulatory requirements. This is part of a corporate compliance process, likely related to shareholder approvals. No financial impact is expected from this disclosure. 📊 *STOCKS:* IMFA | 🏢 *SECTOR:* Metals | #LOWIMPACT #CorporateAction
Indian Metals & Ferro Alloys shares: General updates disclosed
*Indian Metals & Ferro Alloys shares: General updates disclosed*. The company has informed the NSE about routine corporate updates with no specific financial figures or major developments. Such disclosures are standard and typically do not impact operations or earnings. Investors await further details in subsequent filings. 📊 *STOCKS:* $IMFA | 🏢 *SECTOR:* Metals | #LOWIMPACT #CorporateUpdate
Indian Metals calls shareholder meeting for postal ballot.
*Indian Metals calls shareholder meeting for postal ballot.* The company has issued a notice for postal ballot on certain corporate matters. Specific agenda details are yet to be disclosed. This is a routine procedural step with no immediate financial impact. 📊 *STOCKS:* IMFA | 🏢 *SECTOR:* Metals | #LOWIMPACT #ShareholderMeeting
Indian Metals to publish unaudited Q1FY26 results
*Indian Metals to publish unaudited Q1FY26 results*. Indian Metals & Ferro Alloys Ltd has announced the newspaper publication of its **unaudited financial results** for the quarter ended **30th June 2026**. The filing is part of regulatory compliance for listed entities. Traders may anticipate minor volatility around the release. 📊 *STOCKS:* $IMFA | 🏢 *SECTOR:* Metals | #LOWIMPACT #Earnings
IMFA to boost capacity with Kalinganagar Greenfield project
*IMFA to boost capacity with Kalinganagar Greenfield project.* The Kalinganagar Greenfield project is nearing commissioning, paving the way for a significant increase in production capacity. This expansion is expected to enhance IMFA’s competitiveness in the ferroalloys sector. **Commissioning phase** signals near-term operational scaling. 📊 *STOCKS:* $IMFA | 🏢 *SECTOR:* Metals | #MEDIUMIMPACT #CapacityExpansion
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹703 Cr 2.2% | ₹719 Cr 12.0% | ₹642 Cr 13.2% | ₹567 Cr 11.8% | ₹643 Cr 7.1% | ₹692 Cr 4.5% | ₹662 Cr 5.6% | ₹701 Cr |
| Op. Profit | ₹164 Cr 18.8% | ₹138 Cr 10.4% | ₹125 Cr 76.1% | ₹71 Cr 44.5% | ₹128 Cr 24.7% | ₹170 Cr 5.6% | ₹161 Cr 53.3% | ₹105 Cr |
| OPM | 23.0% 21.1% | 19.0% 5.0% | 20.0% 66.7% | 12.0% 40.0% | 20.0% 20.0% | 25.0% 4.2% | 24.0% 60.0% | 15.0% |
| Net Profit | ₹131 Cr 33.7% | ₹98 Cr 5.4% | ₹93 Cr 97.9% | ₹47 Cr 49.5% | ₹93 Cr 25.6% | ₹125 Cr 10.6% | ₹113 Cr 213.9% | ₹36 Cr |
| EPS (₹) | 24.33 34.6% | 18.07 5.6% | 17.11 95.1% | 8.77 49.3% | 17.3 25.3% | 23.17 10.6% | 20.95 220.3% | 6.54 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹2.8K Cr 10.2% | ₹2.6K Cr 7.7% | ₹2.8K Cr 3.9% | ₹2.7K Cr 2.8% | ₹2.6K Cr 41.2% | ₹1.8K Cr 14.4% | ₹1.6K Cr 1.3% | ₹1.6K Cr 7.5% | ₹1.8K Cr 5.6% | ₹1.7K Cr |
| Expenses | ₹2.2K Cr 10.0% | ₹2.0K Cr 7.3% | ₹2.2K Cr 0.2% | ₹2.2K Cr 22.0% | ₹1.8K Cr 19.0% | ₹1.5K Cr 1.1% | ₹1.5K Cr 11.9% | ₹1.4K Cr 2.1% | ₹1.3K Cr 15.0% | ₹1.2K Cr |
| Op. Profit | ₹588 Cr 10.7% | ₹531 Cr 9.5% | ₹587 Cr 20.3% | ₹488 Cr 39.8% | ₹810 Cr 139.6% | ₹338 Cr 279.8% | ₹89 Cr 67.3% | ₹272 Cr 37.0% | ₹432 Cr 15.8% | ₹513 Cr |
| OPM | 21.0% 0.0% | 21.0% 0.0% | 21.0% 16.7% | 18.0% 41.9% | 31.0% 72.2% | 18.0% 200.0% | 6.0% 64.7% | 17.0% 29.2% | 24.0% 22.6% | 31.0% |
| Other Income | ₹65 Cr 1.5% | ₹66 Cr 57.1% | ₹42 Cr 366.7% | ₹9 Cr 47.1% | ₹17 Cr 66.0% | ₹50 Cr 138.1% | ₹21 Cr 133.9% | ₹-62 Cr 329.6% | ₹27 Cr 43.8% | ₹48 Cr |
| Interest | ₹36 Cr 28.6% | ₹28 Cr 20.0% | ₹35 Cr 47.0% | ₹66 Cr 11.9% | ₹59 Cr 7.3% | ₹55 Cr 43.3% | ₹97 Cr 3.2% | ₹94 Cr 25.3% | ₹75 Cr 9.6% | ₹83 Cr |
| Depreciation | ₹63 Cr 14.5% | ₹55 Cr 29.5% | ₹78 Cr 27.1% | ₹107 Cr 2.7% | ₹110 Cr 5.8% | ₹104 Cr 0.0% | ₹104 Cr 6.1% | ₹98 Cr 3.0% | ₹101 Cr 7.3% | ₹109 Cr |
| PBT | ₹554 Cr 7.8% | ₹514 Cr 0.4% | ₹516 Cr 59.3% | ₹324 Cr 50.8% | ₹658 Cr 188.6% | ₹228 Cr 350.5% | ₹-91 Cr 578.9% | ₹19 Cr 93.3% | ₹283 Cr 23.3% | ₹369 Cr |
| Tax % | 23.0% 11.5% | 26.0% 21.2% | 33.0% 10.0% | 30.0% 30.4% | 23.0% 14.8% | 27.0% 200.0% | -27.0% 126.2% | 103.0% 202.9% | 34.0% 3.0% | 33.0% |
| Net Profit | ₹425 Cr 12.1% | ₹379 Cr 10.2% | ₹344 Cr 52.2% | ₹226 Cr 55.5% | ₹508 Cr 204.2% | ₹167 Cr 353.0% | ₹-66 Cr 6500.0% | ₹-1 Cr 100.5% | ₹187 Cr 24.9% | ₹249 Cr |
| EPS (₹) | 78.64 12.0% | 70.19 10.2% | 63.68 52.5% | 41.75 55.6% | 94.01 204.8% | 30.84 350.5% | -12.31 6378.9% | -0.19 100.6% | 34.46 25.2% | 46.1 |
| Div Payout | 16.0% 42.9% | 28.0% 133.3% | 12.0% 50.0% | 24.0% 84.6% | 13.0% 18.8% | 16.0% | 0.0% 100.0% | -1323.0% 6113.6% | 22.0% 0.0% | 22.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹54 Cr 0.0% | ₹54 Cr 0.0% | ₹54 Cr 0.0% | ₹54 Cr 0.0% | ₹54 Cr 100.0% | ₹27 Cr 0.0% | ₹27 Cr 0.0% | ₹27 Cr 0.0% | ₹27 Cr 0.0% | ₹27 Cr |
| Reserves | ₹2.5K Cr 7.1% | ₹2.3K Cr 11.8% | ₹2.1K Cr 12.8% | ₹1.8K Cr 9.5% | ₹1.7K Cr 36.7% | ₹1.2K Cr 14.9% | ₹1.1K Cr 7.5% | ₹1.1K Cr 3.9% | ₹1.2K Cr 14.7% | ₹1.0K Cr |
| Borrowings | ₹435 Cr 11.8% | ₹389 Cr 64.1% | ₹237 Cr 30.5% | ₹341 Cr 30.4% | ₹490 Cr 27.8% | ₹679 Cr 4.8% | ₹713 Cr 6.9% | ₹766 Cr 6.8% | ₹822 Cr 9.7% | ₹910 Cr |
| Other Liabilities | ₹450 Cr 2.0% | ₹441 Cr 22.8% | ₹571 Cr 29.8% | ₹440 Cr 28.6% | ₹616 Cr 0.6% | ₹620 Cr 0.5% | ₹617 Cr 14.2% | ₹719 Cr 17.1% | ₹614 Cr 15.8% | ₹530 Cr |
| Total Liabilities | ₹3.4K Cr 6.9% | ₹3.2K Cr 9.1% | ₹2.9K Cr 9.8% | ₹2.7K Cr 5.9% | ₹2.8K Cr 11.0% | ₹2.5K Cr 5.3% | ₹2.4K Cr 9.1% | ₹2.7K Cr 0.1% | ₹2.7K Cr 5.9% | ₹2.5K Cr |
Assets | ||||||||||
| Fixed Assets | ₹1.1K Cr 0.1% | ₹1.1K Cr 5.3% | ₹997 Cr 0.7% | ₹990 Cr 10.9% | ₹1.1K Cr 3.8% | ₹1.2K Cr 5.0% | ₹1.2K Cr 3.3% | ₹1.2K Cr 6.3% | ₹1.3K Cr 1.5% | ₹1.3K Cr |
| CWIP | ₹197 Cr 162.7% | ₹75 Cr 3.8% | ₹78 Cr 11.4% | ₹70 Cr 73.8% | ₹267 Cr 7.7% | ₹248 Cr 6.1% | ₹264 Cr 13.2% | ₹304 Cr 11.4% | ₹273 Cr 15.7% | ₹236 Cr |
| Investments | ₹1.0K Cr 10.9% | ₹909 Cr 144.4% | ₹372 Cr 40.9% | ₹264 Cr 70.3% | ₹155 Cr 29.2% | ₹120 Cr 263.6% | ₹33 Cr 52.2% | ₹69 Cr 53.4% | ₹148 Cr 8.1% | ₹161 Cr |
| Other Assets | ₹1.1K Cr 0.3% | ₹1.1K Cr 22.0% | ₹1.5K Cr 10.2% | ₹1.3K Cr 3.1% | ₹1.3K Cr 26.6% | ₹1.0K Cr 13.1% | ₹901 Cr 18.4% | ₹1.1K Cr 13.3% | ₹974 Cr 17.1% | ₹832 Cr |
| Total Assets | ₹3.4K Cr 6.9% | ₹3.2K Cr 9.1% | ₹2.9K Cr 9.8% | ₹2.7K Cr 5.9% | ₹2.8K Cr 11.0% | ₹2.5K Cr 5.3% | ₹2.4K Cr 9.1% | ₹2.7K Cr 0.1% | ₹2.7K Cr 5.9% | ₹2.5K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹585 Cr 27.2% | ₹460 Cr 204.6% | ₹151 Cr 61.3% | ₹390 Cr 88.4% | ₹207 Cr 6.3% | ₹221 Cr 1.8% | ₹217 Cr 25.2% | ₹290 Cr 40.2% | ₹485 Cr 122.5% | ₹218 Cr |
| Investing CF | ₹-562 Cr 168.9% | ₹-209 Cr 249.3% | ₹140 Cr 232.1% | ₹-106 Cr 0.0% | ₹-106 Cr 116.3% | ₹-49 Cr 58.1% | ₹-31 Cr 64.8% | ₹-88 Cr 45.7% | ₹-162 Cr 60.4% | ₹-101 Cr |
| Financing CF | ₹-68 Cr 67.1% | ₹-207 Cr 28.9% | ₹-291 Cr 2.5% | ₹-284 Cr 186.9% | ₹-99 Cr 45.6% | ₹-182 Cr 2.7% | ₹-187 Cr 2.1% | ₹-191 Cr 40.7% | ₹-322 Cr 100.0% | ₹-161 Cr |
| Net Cash Flow | ₹-44 Cr 200.0% | ₹44 Cr 4300.0% | ₹1 Cr | ₹0 Cr 100.0% | ₹2 Cr 118.2% | ₹-11 Cr 450.0% | ₹-2 Cr 120.0% | ₹10 Cr 400.0% | ₹2 Cr 104.5% | ₹-44 Cr |
| Free Cash Flow | ₹471 Cr 35.7% | ₹347 Cr 10.3% | ₹387 Cr 27.7% | ₹303 Cr 66.5% | ₹182 Cr 43.3% | ₹127 Cr 12.4% | ₹113 Cr 34.7% | ₹173 Cr 60.9% | ₹443 Cr 238.2% | ₹131 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 16d 11.1% | 18d 50.0% | 12d 40.0% | 20d 11.1% | 18d 157.1% | 7d 36.4% | 11d 15.4% | 13d 13.3% | 15d 275.0% | 4d |
| Inventory Days | 264d 17.9% | 224d 38.3% | 162d 21.7% | 207d 19.0% | 174d 3.6% | 168d 34.4% | 256d 33.3% | 192d 9.1% | 176d 0.6% | 177d |
| Days Payable | 70d 20.5% | 88d 69.2% | 52d 6.1% | 49d 33.8% | 74d 2.8% | 72d 43.8% | 128d 45.5% | 88d 44.3% | 61d 17.6% | 74d |
| Cash Conv. Cycle | 210d 37.3% | 153d 25.4% | 122d 31.5% | 178d 50.8% | 118d 14.6% | 103d 26.4% | 140d 19.7% | 117d 10.0% | 130d 21.5% | 107d |
| Working Capital Days | 41d 42.3% | 71d 4.1% | 74d 469.2% | 13d 750.0% | -2d 93.1% | -29d 262.5% | -8d 166.7% | 12d 1100.0% | 1d 102.6% | -39d |
| ROCE | 21.0% 12.5% | 24.0% 33.3% | 18.0% 47.1% | 34.0% 142.9% | 14.0% | 0.0% 100.0% | 9.0% 47.1% | 17.0% 26.1% | 23.0% 2200.0% | 1.0% |
Source: Screener.in · Lower days = better efficiency
About Indian Metals & Ferro Alloys Limited
Indian Metals and Ferro Alloys Limited (IMFA) is a leading, fully integrated producer of Ferro Chrome in India which is primarily used in the production of stainless steel. It was set up in 1961. [1]
Metals & MiningFerrous Metals