Indian Metals & Ferro Alloys Limited
₹1,091.10-₹15.35 (-1.4%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹6,603 Cr
- P/E
- 20.0x
- EV / EBITDA
- 10.1x
- Revenue
- ₹2,565 Cr
- Net margin
- 13.1%
- ROCE
- 26.0%
Price chart
Technical chartScreen technicals →-6.0% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -8.3%
- 3M
- -21.2%
- 6M
- -27.3%
- 1Y
- -6.0%
- 5Y
- +176.1%
52-week range
Day change -₹15.35 (-1.4%) from ₹1,106 to ₹1,091 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in IMFA, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Healthy return on equity of 17.5%
Concerns0
Rule-based from financial data. Not advice.
About the company
Indian Metals and Ferro Alloys Limited engages in the production and sale of ferro chrome in India and internationally. It operates through three segments: Ferro Alloys, Power, and Mining segments.
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Indian Metals and Ferro Alloys Limited engages in the production and sale of ferro chrome in India and internationally. It operates through three segments: Ferro Alloys, Power, and Mining segments. The company operates a power generation plant with a total capacity of 204.55 MW, including 4.55 MWp from solar; and two chrome ore mines, as well as a manufacturing plant for low-density aggregates and fly ash bricks for use in road construction and cement manufacturing units. It offers its products to stainless steel manufacturers and international traders. Indian Metals and Ferro Alloys Limited was incorporated in 1961 and is headquartered in Bhubaneswar, India.
- Sector
- Materials
- Shares outstanding
- 5.4 Cr shares
- ISIN
- INE919H01018
- BSE code
- 533047
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹6,603 Cr
- P/E
- 20.0x
- P/B
- 2.6x
- EV / EBITDA
- 10.1x
- EV / Sales
- 2.4x
- P/S
- 2.4x
- Earnings yield
- 5.0%
- 52-week high
- ₹1,656.10
- 52-week low
- ₹1,077.60
Profitability
- Operating margin
- 21.9%
- Net margin
- 13.1%
- EBITDA margin
- 23.4%
- ROE
- 17.5%
- ROCE
- 26.0%
- ROA
- 12.5%
- Dividend payout
- 11.0%
- Tax rate
- 32.0%
- Other income, % of PBT
- 7.9%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹2,565 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -7.7%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 11.5%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹650 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 30.3%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 3.8%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹332 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -35.9%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹44.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 10.2%
Solvency and efficiency
- Current ratio
- 3.25
- Debt / Equity
- 0.13
- Debt / Assets
- 0.09
- Debt / EBITDA
- 0.40
- Interest coverage
- 16.43
- Financial leverage
- 1.40
- CFO / Net profit
- 0.91
- Cash / Market cap
- 22.2%
- Cash per share
- ₹271.09
- Asset turnover
- 0.96
- Fixed asset turnover
- 2.79
- Capital intensity
- 0.36
- Debtor days
- 18 days
- Inventory turnover
- 1.63
- Cash conversion cycle
- 153 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹15 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹2,034 Cr |
| Sales | Operating profit | ₹531 Cr |
| Operating profit | Interest | ₹31 Cr |
| Operating profit | Depreciation | ₹55 Cr |
| Operating profit | Profit before tax | ₹445 Cr |
| Other income | Profit before tax | ₹67 Cr |
| Profit before tax | Tax and other | ₹134 Cr |
| Profit before tax | Net profit | ₹378 Cr |
Revenue and net profit
Revenue fell 7.7% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹1,844 Cr | ₹167 Cr |
| FY2022 | ₹2,603 Cr | ₹508 Cr |
| FY2023 | ₹2,676 Cr | ₹226 Cr |
| FY2024 | ₹2,780 Cr | ₹364 Cr |
| FY2025 | ₹2,565 Cr | ₹378 Cr |
Cash flows
FY2025: ₹586 Cr from operations, ₹26.0 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹207 Cr | ₹104 Cr |
| FY2022 | ₹389 Cr | ₹284 Cr |
| FY2023 | ₹518 Cr | ₹296 Cr |
| FY2024 | ₹332 Cr | ₹257 Cr |
| FY2025 | ₹586 Cr | ₹26 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹2,565 Cr-7.7%1Y
- Net profit
- ₹378 Cr+3.8%1Y
- Cash from operations
- ₹586 Cr
- Free cash flow
- ₹26 Cr-89.9%1Y
- Revenue CAGR, 5Y
- 11.5%
- EBITDA CAGR, 5Y
- 42.9%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹2,565 Cr | ₹531 Cr | — | ₹378 Cr | ₹586 Cr | ₹26 Cr | 16.3% | -7.7% | +3.8% |
Monthly returns
Month-by-month returns of IMFA across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹3,168 Cr |
| Equity capital | ₹54 Cr |
| Reserves | ₹2,268 Cr |
| Borrowings | ₹414 Cr |
| Other liabilities | ₹432 Cr |
| Assets | ₹3,168 Cr |
| Fixed assets | ₹1,050 Cr |
| Capital work in progress | ₹75 Cr |
| Investments | ₹899 Cr |
| Other assets | ₹1,144 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
IMFA trades at 20.0x earnings against a peer median of 35.5x (a 44% discount).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Indian Metals & Ferro Alloys LimitedIMFAthis companyP/E ↓ discount | ₹6,603 Cr | 20.0x | 2.6x | 17.5% | 10.1x |
| Sudarshan Chemical Indus. Ltd.SUDARSCHEM | ₹7,154 Cr | 36.2x | 3.0x | 30.3% | 12.1x |
| Elantas Beck India LtdELANTAS | ₹7,067 Cr | 51.2x | 7.6x | — | — |
| Gujarat Narmada Valley Fert.Co.LtdGNFC | ₹6,959 Cr | 11.2x | 0.8x | 5.9% | 6.3x |
| Gujarat State Fertilizers & Chem.LtdGSFC | ₹6,911 Cr | 10.8x | 0.6x | 4.2% | 6.6x |
| Galaxy Surfactants LimitedGALAXYSURF | ₹6,641 Cr | 41.1x | 4.4x | 14.2% | 19.2x |
| PRISM JOHNSON LIMITED.PRSMJOHNSN | ₹6,484 Cr | 68.1x | 4.3x | 13.7% | 10.9x |
| India Glycols LtdINDIAGLYCO | ₹6,455 Cr | 32.1x | 3.0x | 8.9% | 17.5x |
| Archean Chemical Industries LimitedACI | ₹6,326 Cr | 30.9x | 3.3x | 18.9% | 12.2x |
| Peer median | — | 35.5x | 3.7x | 12.9% | 19.2x |
Year-to-date ROI
IMFA since 1 January, against earlier years.
Historical volatility
IMFA's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 18.0% |
| FY2022 | 31.0% |
| FY2023 | 18.0% |
| FY2024 | 22.0% |
| FY2025 | 21.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹2,565 Cr |
| Costs | |
| Interest | ₹31 Cr |
| Expenses | ₹2,034 Cr |
| Operating profitOperating Profit | ₹531 Cr |
| Other income and charges | |
| Profit before tax | ₹512 Cr |
| Tax | |
| Net profitNet Profit | ₹378 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹3,168 Cr |
| Equity capitalEquity Capital | ₹54 Cr |
| Reserves | ₹2,268 Cr |
| Borrowings | ₹414 Cr |
| Other liabilitiesOther Liabilities | ₹432 Cr |
| AssetsTotal Assets | ₹3,168 Cr |
| Fixed assetsFixed Assets | ₹1,050 Cr |
| Capital work in progressCWIP | ₹75 Cr |
| Investments | ₹899 Cr |
| Other assetsOther Assets | ₹1,144 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹586 Cr |
| Investing cash flowCash from Investing Activity | -₹560 Cr |
| Financing cash flowCash from Financing Activity | -₹71 Cr |
| Change in cashNet Cash Flow | -₹44 Cr |
Learn while you research
Academy chapters picked for Indian Metals & Ferro Alloys Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 04 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read