Indian Metals & Ferro Alloys Ltd
- P/E
- 11.2x
- 52-week range
- 1,051.1 – 1,679.9
- ROE
- 17%
- ROCE
- 18%
- Sector
- Ferrous Metals
- Industry
- Ferro & Silica Manganese
- Listed on
- NSE, BSE
About
Indian Metals and Ferro Alloys Limited is an India-based integrated producer of value added ferro chrome with installed furnace capacity of approximately 190 MVA capable of producing 284,000 tons per annum. The Company has manufacturing complexes in Therubali and Choudwar backed up by captive power generation of 204.5 megawatts (MW) (including 4.5-Megawatt peak (MWp) solar) and owns chrome ore mines in Sukinda and Mahagiri. Its segments include Ferro Alloys, Power and Mining. Ferro Alloys segment exports ferro alloys to the primary hub of stainless-steel production in the Far East, including China, Japan and Taiwan. Mining segment operates two chrome mines where all the ore extracted is used for captive consumption. Power segment includes captive power plants consisting of 170 MW of coal-based generation, 30 MW of generation based on coal and furnace gas and 4.55 MW of solar power generation. Its subsidiaries include IMFA Alloys Finlease Ltd, Utkal Coal Ltd and Indmet Mining Pte. Ltd.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Ferro & Silica Manganese: 13 companies →Indian Metals & Ferro Alloys Ltd against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)11.2 against a typical 11.2: in line than most peers (1st = cheapest).7th of 13
- Sales growth+49.5% against a typical −7.9% from a year earlier.2nd of 10
- Profit growth+107.5% against a typical −80% from a year earlier.1st of 7
- Share price, 3 months−20.3% against a typical −12%.11th of 13
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA by ICRA- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | [ICRA]AA | Stable | 5 Dec 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 5 Dec 2025 | Reaffirmed | [ICRA]AA | — | ICRA | ₹ 2,910.5 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 4 Aug 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2026 and other business matters |
| 27 May 2026 | Financial Results/Dividend/Other business matters | To consider and approve the financial results for the period ended March 31, 2026, dividend and other business matters |
| 5 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 4 Nov 2025 | Financial Results/Dividend/Other business matters | To consider and approve the financial results for the period ended September 30, 2025, dividend and other business matters |
| 30 Jul 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 21 May 2025 | Financial Results/Dividend/Other business matters | To consider and approve the financial results for the period ended March 31, 2025, dividend and other business matters |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 693 | 685 | 701 | 662 | 692 | 643 | 567 | 642 | 719 | 703 | 763 | 960 |
| Expenses | 542 | 526 | 596 | 501 | 521 | 515 | 497 | 516 | 580 | 539 | 604 | 679 |
| Operating Profit | 150 | 159 | 105 | 161 | 170 | 128 | 71 | 125 | 138 | 164 | 159 | 281 |
| OPM % | 22% | 23% | 15% | 24% | 25% | 20% | 12% | 20% | 19% | 23% | 21% | 29% |
| Other Income | 12 | 10 | 11 | 13 | 19 | 17 | 17 | 22 | 16 | 22 | 6 | 13 |
| Interest | 13 | 8 | 5 | 4 | 6 | 8 | 10 | 7 | 8 | 9 | 11 | 12 |
| Depreciation | 26 | 15 | 13 | 14 | 13 | 14 | 14 | 15 | 15 | 15 | 18 | 23 |
| Profit before tax | 123 | 146 | 98 | 157 | 170 | 123 | 64 | 126 | 131 | 161 | 136 | 258 |
| Tax % | 27% | 25% | 64% | 28% | 26% | 24% | 26% | 26% | 25% | 19% | 24% | 25% |
| Net Profit | 89 | 109 | 36 | 113 | 125 | 93 | 47 | 93 | 98 | 131 | 103 | 193 |
| EPS in Rs | 16.53 | 20.14 | 6.54 | 20.95 | 23.17 | 17.3 | 8.77 | 17.11 | 18.07 | 24.33 | 19.13 | 35.65 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 9%
- 5 Years
- 9%
- 3 Years
- 2%
- TTM
- 24%
- 10 Years
- 32%
- 5 Years
- 22%
- 3 Years
- 22%
- TTM
- 46%
- 10 Years
- 33%
- 5 Years
- 32%
- 3 Years
- 58%
- TTM
- —
- 10 Years
- 15%
- 5 Years
- 19%
- 3 Years
- 17%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Indian Metals & Ferro Alloys Ltd | ₹ 1,093.70 | — | 11.2x | — | 17% | — |
| JSW Steel | ₹ 1,187.00 | ₹ 2,90,275 Cr. | 42.5x | 3.1x | 0% | 0% |
| Tata Steel | ₹ 167.25 | ₹ 2,08,786 Cr. | 18.9x | 2.2x | 0% | 0% |
| Jindal Steel | ₹ 1,012.00 | ₹ 1,04,634 Cr. | 28x | 2.2x | 0% | 0% |
| Lloyds Metals And Energy | ₹ 1,780.40 | ₹ 1,00,195 Cr. | 26.8x | 7.3x | 0% | 0% |
| Steel Authority of India | ₹ 165.00 | ₹ 70,012 Cr. | 18.7x | 1.2x | 0% | 0% |
Management
- Baijayant Panda
- Executive Vice Chairman of the Board, Promoter
- Saunak Gupta
- Chief Financial Officer
- Bijayananda Mahapatra
- Chief Operating Officer, Whole-Time Director
- Sanjaya Kumar
- Chief Human Resources Officer
- Smruti Ranjan Ray
- Compliance Officer, Company Secretary
- Subhrakant Panda
- Managing Director, Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.