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

₹ 675 0.69%
19 Apr - 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 ₹ 3,641 Cr.
  • Current Price ₹ 675
  • High / Low ₹ 768 / 270
  • Stock P/E 9.70
  • Book Value ₹ 377
  • Dividend Yield 1.48 %
  • ROCE 18.0 %
  • ROE 13.1 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 17.8%

Cons

* 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

Sector: Ferro Alloys Industry: Mining / Minerals / Metals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
425 576 538 653 655 757 743 672 624 637 702 693 685
357 447 365 417 443 567 526 599 565 498 529 542 526
Operating Profit 68 129 173 237 212 189 218 73 59 139 173 150 159
OPM % 16% 22% 32% 36% 32% 25% 29% 11% 9% 22% 25% 22% 23%
5 12 4 6 3 5 7 6 -2 -2 10 13 9
Interest 13 17 17 13 15 16 22 23 14 10 9 14 9
Depreciation 26 27 24 25 26 35 25 26 28 29 25 26 15
Profit before tax 34 97 136 205 174 142 178 30 16 99 149 124 144
Tax % 6% 33% 28% 29% 30% -0% 25% 41% 35% 36% 26% 27% 25%
32 65 99 145 122 143 134 18 10 64 110 90 108
EPS in Rs 5.95 12.06 18.25 26.84 22.54 26.44 24.80 3.30 1.93 11.80 20.39 16.67 19.99
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,193 1,273 1,318 1,345 1,211 1,672 1,766 1,634 1,612 1,844 2,603 2,676 2,717
964 1,016 1,030 1,104 1,088 1,157 1,332 1,353 1,523 1,506 1,799 2,188 2,095
Operating Profit 229 257 288 241 123 515 433 281 89 338 804 489 621
OPM % 19% 20% 22% 18% 10% 31% 25% 17% 6% 18% 31% 18% 23%
6 -2 22 23 -1 49 28 -56 20 51 25 10 30
Interest 83 70 108 109 84 86 78 96 99 57 62 68 41
Depreciation 55 82 149 122 114 109 101 98 104 104 110 107 94
Profit before tax 96 103 53 33 -75 370 282 30 -94 227 657 323 515
Tax % 34% 48% 26% 64% 41% 32% 34% 63% 27% 27% 23% 30%
64 54 39 12 -45 250 187 11 -69 167 508 226 371
EPS in Rs 12.29 10.36 7.52 2.30 -8.60 46.26 34.56 2.04 -12.69 30.88 94.13 41.84 68.85
Dividend Payout % 20% 24% 20% 33% -9% 22% 22% 122% -0% 16% 13% 24%
Compounded Sales Growth
10 Years: 8%
5 Years: 9%
3 Years: 18%
TTM: -3%
Compounded Profit Growth
10 Years: 15%
5 Years: 5%
3 Years: 76%
TTM: 23%
Stock Price CAGR
10 Years: 17%
5 Years: 40%
3 Years: 42%
1 Year: 143%
Return on Equity
10 Years: 11%
5 Years: 13%
3 Years: 20%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 26 26 26 26 26 27 27 27 27 27 54 54 54
Reserves 761 800 830 837 783 1,016 1,169 1,130 1,042 1,200 1,647 1,805 1,979
823 974 1,093 1,069 1,014 941 853 796 743 708 518 368 400
480 359 435 504 469 500 583 685 586 590 585 410 345
Total Liabilities 2,090 2,158 2,384 2,437 2,292 2,484 2,632 2,638 2,398 2,525 2,805 2,636 2,778
508 1,007 1,108 1,108 1,067 1,017 1,001 978 1,020 962 922 969 951
CWIP 603 235 82 45 60 56 90 118 74 55 70 70 83
Investments 139 189 179 168 202 327 314 181 141 228 262 377 422
840 728 1,014 1,116 963 1,084 1,227 1,361 1,162 1,280 1,551 1,221 1,322
Total Assets 2,090 2,158 2,384 2,437 2,292 2,484 2,632 2,638 2,398 2,525 2,805 2,636 2,778

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
115 214 229 184 230 423 290 228 225 207 389 518
-372 -196 -258 -9 -125 -248 -86 -26 -51 -103 -105 -222
251 25 -14 -157 -137 -174 -193 -205 -184 -101 -283 -296
Net Cash Flow -5 43 -43 17 -32 2 11 -2 -11 2 0 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 11 13 16 14 4 15 13 11 7 18 20 12
Inventory Days 215 171 218 208 177 176 192 256 168 174 207 162
Days Payable 103 67 96 86 74 61 88 128 72 74 49 52
Cash Conversion Cycle 123 118 138 137 107 130 117 140 103 118 178 121
Working Capital Days 68 76 133 105 80 97 106 110 92 124 116 103
ROCE % 12% 11% 9% 8% 1% 24% 17% 10% 0% 15% 34% 18%

Shareholding Pattern

Numbers in percentages

29 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
58.69% 58.69% 58.69% 58.69% 58.69% 58.69% 58.69% 58.69% 58.69% 58.69% 58.69% 58.69%
0.74% 0.88% 1.09% 1.07% 1.30% 1.32% 1.25% 1.40% 1.67% 2.47% 2.93% 2.88%
0.01% 0.02% 0.00% 0.01% 0.01% 0.01% 0.01% 0.01% 0.08% 0.09% 0.10% 0.10%
40.56% 40.41% 40.22% 40.24% 40.00% 39.98% 40.04% 39.89% 39.55% 38.74% 38.29% 38.34%
No. of Shareholders 35,61436,72237,09541,05442,90944,30945,59243,84044,43942,94747,70547,636

* 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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