Indian Metals & Ferro Alloys Ltd

Indian Metals Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Indian Metals & Ferro Alloys Ltd

₹ 733 2.57%
16 Jun - close price
imfa.in BSE: 533047 NSE: IMFA
About

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]

Key Points

Business Segment
Co. has emerged as India’s largest fully integrated ferro chrome manufacturer[1] and leading producer of ferro chrome in India accounting for 20% of output and 25% of exports.[2] Exports are primarily to China, Japan and Taiwan.[3]

Website BSE NSE
  • Market Cap ₹ 3,959 Cr.
  • Current Price ₹ 733
  • High / Low ₹ 999 / 550
  • Stock P/E 10.5
  • Book Value ₹ 430
  • Dividend Yield 2.73 %
  • ROCE 21.5 %
  • ROE 17.1 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 20.9%

Cons

  • The company has delivered a poor sales growth of 9.73% over past five years.
  • Working capital days have increased from 140 days to 221 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Commodities Metals & Mining Ferrous Metals Ferro & Silica Manganese

Part of BSE SmallCap BSE Allcap BSE Commodities Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
757 743 672 624 637 702 693 685 701 662 692 643 567
567 526 599 565 498 529 542 526 575 500 516 515 497
Operating Profit 189 218 73 59 139 173 150 159 125 162 176 128 71
OPM % 25% 29% 11% 9% 22% 25% 22% 23% 18% 24% 25% 20% 12%
5 7 6 -2 -2 10 13 9 11 17 22 18 17
Interest 16 22 23 14 10 9 14 9 6 5 6 9 11
Depreciation 35 25 26 28 29 25 26 15 13 14 13 14 14
Profit before tax 142 178 30 16 99 149 124 144 118 160 178 123 63
Tax % -0% 25% 41% 35% 36% 26% 27% 25% 53% 27% 25% 24% 26%
143 134 18 10 64 110 90 108 56 118 133 93 47
EPS in Rs 26.44 24.80 3.30 1.93 11.80 20.39 16.67 19.99 10.36 21.78 24.60 17.26 8.72
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,318 1,345 1,211 1,672 1,766 1,634 1,612 1,844 2,603 2,676 2,780 2,565
1,030 1,104 1,088 1,157 1,332 1,353 1,523 1,506 1,799 2,188 2,394 2,034
Operating Profit 288 241 123 515 433 281 89 338 804 489 386 531
OPM % 22% 18% 10% 31% 25% 17% 6% 18% 31% 18% 14% 21%
22 23 -1 49 28 -56 20 51 25 10 263 67
Interest 108 109 84 86 78 96 99 57 62 68 37 31
Depreciation 149 122 114 109 101 98 104 104 110 107 78 55
Profit before tax 53 33 -75 370 282 30 -94 227 657 323 533 512
Tax % 26% 64% -41% 32% 34% 63% -27% 27% 23% 30% 27% 26%
39 12 -45 250 187 11 -69 167 508 226 390 378
EPS in Rs 7.52 2.30 -8.60 46.26 34.56 2.04 -12.69 30.88 94.13 41.84 72.37 70.08
Dividend Payout % 20% 33% -9% 22% 22% 122% -0% 16% 13% 24% 10% 29%
Compounded Sales Growth
10 Years: 7%
5 Years: 10%
3 Years: 0%
TTM: -8%
Compounded Profit Growth
10 Years: 41%
5 Years: 50%
3 Years: -9%
TTM: -1%
Stock Price CAGR
10 Years: 24%
5 Years: 58%
3 Years: 42%
1 Year: -6%
Return on Equity
10 Years: 15%
5 Years: 19%
3 Years: 17%
Last Year: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 26 26 26 27 27 27 27 27 54 54 54 54
Reserves 830 837 783 1,016 1,169 1,130 1,042 1,200 1,647 1,805 2,048 2,268
1,093 1,069 1,014 941 853 796 743 708 518 368 211 414
435 504 469 500 583 685 586 590 585 410 519 432
Total Liabilities 2,384 2,437 2,292 2,484 2,632 2,638 2,398 2,525 2,805 2,636 2,832 3,168
1,108 1,108 1,067 1,017 1,001 978 1,020 962 922 969 997 1,051
CWIP 82 45 60 56 90 118 74 55 70 70 78 74
Investments 179 168 202 327 314 181 141 228 262 377 364 899
1,014 1,116 963 1,084 1,227 1,361 1,162 1,280 1,551 1,221 1,392 1,144
Total Assets 2,384 2,437 2,292 2,484 2,632 2,638 2,398 2,525 2,805 2,636 2,832 3,168

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
229 184 230 423 290 228 225 207 389 518 384 586
-258 -9 -125 -248 -86 -26 -51 -103 -105 -222 -75 -560
-14 -157 -137 -174 -193 -205 -184 -101 -283 -296 -265 -71
Net Cash Flow -43 17 -32 2 11 -2 -11 2 0 1 45 -44

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 16 14 4 15 13 11 7 18 20 12 11 16
Inventory Days 218 208 177 176 192 256 168 174 207 162 177 264
Days Payable 96 86 74 61 88 128 72 74 49 52 59 70
Cash Conversion Cycle 138 137 107 130 117 140 103 118 178 121 129 210
Working Capital Days 133 105 80 97 106 110 92 124 116 103 94 221
ROCE % 9% 8% 1% 24% 17% 10% 0% 15% 34% 18% 25% 21%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
58.69% 58.69% 58.69% 58.69% 58.69% 58.69% 58.69% 58.69% 58.69% 58.69% 58.69% 58.69%
1.30% 1.32% 1.25% 1.40% 1.67% 2.47% 2.93% 2.88% 2.89% 3.10% 4.04% 3.81%
0.01% 0.01% 0.01% 0.01% 0.08% 0.09% 0.10% 0.10% 1.36% 0.92% 0.82% 0.81%
40.00% 39.98% 40.04% 39.89% 39.55% 38.74% 38.29% 38.34% 37.06% 37.30% 36.45% 36.69%
No. of Shareholders 42,90944,30945,59243,84044,43942,94747,70547,63650,85051,52547,71549,688

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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