Indian Metals & Ferro Alloys Ltd

₹ 267 1.45%
02 Dec - close price
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 Segments
Ferro Chrome (100%): Co. primary exports its Ferro Alloys and ~88% of IMFA’s production is exported to the eastern countries mainly Japan & South Korea
Geographical Split (FY21)
International - 94%
India - 6% [1]

  • Market Cap 1,438 Cr.
  • Current Price 267
  • High / Low 514 / 221
  • Stock P/E 3.46
  • Book Value 338
  • Dividend Yield 3.75 %
  • ROCE 34.3 %
  • ROE 33.8 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.79 times its book value
  • Stock is providing a good dividend yield of 3.75%.
  • Company is expected to give good quarter

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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
389 398 379 405 438 425 576 538 653 655 757 743 672
394 362 382 342 360 357 447 365 417 443 568 526 600
Operating Profit -5 36 -2 63 77 68 129 173 236 212 189 218 73
OPM % -1% 9% -1% 16% 18% 16% 22% 32% 36% 32% 25% 29% 11%
6 8 2 17 16 5 12 4 5 3 5 7 4
Interest 27 17 34 16 10 12 16 16 13 15 16 21 23
Depreciation 25 26 29 25 26 26 27 24 25 26 35 25 26
Profit before tax -51 1 -64 38 57 35 98 137 204 175 143 179 29
Tax % 34% -332% 19% 35% 23% 7% 33% 27% 29% 30% -0% 25% 43%
Net Profit -34 5 -52 25 44 33 65 99 144 122 143 134 16
EPS in Rs -6.25 0.84 -9.62 4.57 8.08 6.00 12.11 18.33 26.59 22.61 26.43 24.85 3.02
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
1,068 1,193 1,273 1,318 1,345 1,211 1,672 1,766 1,634 1,612 1,844 2,603 2,828
731 966 1,018 1,031 1,104 1,088 1,159 1,333 1,361 1,523 1,507 1,793 2,136
Operating Profit 337 227 255 287 241 123 513 432 272 89 338 810 691
OPM % 32% 19% 20% 22% 18% 10% 31% 24% 17% 6% 18% 31% 24%
9 6 -1 17 13 -1 48 27 -62 21 50 17 19
Interest 54 83 69 105 106 81 83 75 94 97 55 59 74
Depreciation 42 56 82 149 122 114 109 101 98 104 104 110 112
Profit before tax 250 94 102 50 26 -73 369 283 19 -91 228 658 525
Tax % 35% 34% 48% 30% 84% 40% 33% 34% 103% 27% 27% 23%
Net Profit 162 62 53 35 4 -44 249 187 -1 -66 167 508 415
EPS in Rs 30.79 11.85 10.16 6.72 0.71 -8.47 46.10 34.46 -0.19 -12.31 30.84 94.01 76.91
Dividend Payout % 16% 21% 25% 22% 106% -12% 22% 22% -1,323% 0% 16% 13%
Compounded Sales Growth
10 Years: 8%
5 Years: 9%
3 Years: 17%
TTM: 29%
Compounded Profit Growth
10 Years: 23%
5 Years: 15%
3 Years: 157%
TTM: 22%
Stock Price CAGR
10 Years: 7%
5 Years: -1%
3 Years: 43%
1 Year: -29%
Return on Equity
10 Years: 10%
5 Years: 12%
3 Years: 16%
Last Year: 34%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
26 26 26 26 26 26 27 27 27 27 27 54 54
Reserves 712 761 824 855 855 807 1,037 1,189 1,143 1,057 1,215 1,661 1,772
565 970 1,100 1,088 1,128 1,060 910 822 766 713 679 490 441
500 504 390 467 539 501 530 614 719 617 620 616 614
Total Liabilities 1,803 2,261 2,340 2,436 2,548 2,394 2,504 2,652 2,655 2,414 2,541 2,821 2,881
554 722 1,233 1,341 1,372 1,330 1,275 1,256 1,177 1,216 1,155 1,111 1,123
CWIP 415 679 342 217 193 226 236 273 304 264 248 267 251
Investments 6 2 24 12 0 35 161 148 69 33 120 155 181
828 858 741 866 983 803 832 974 1,104 901 1,019 1,290 1,326
Total Assets 1,803 2,261 2,340 2,436 2,548 2,394 2,504 2,652 2,655 2,414 2,541 2,821 2,881

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
152 110 212 226 174 218 485 290 217 221 207 390
-325 -436 -244 -107 -43 -101 -162 -88 -31 -49 -106 -106
169 319 70 -162 -113 -161 -322 -191 -187 -182 -99 -284
Net Cash Flow -4 -7 38 -43 18 -44 2 10 -2 -11 2 -0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 4 11 13 16 14 4 15 13 11 7 18 20
Inventory Days 295 215 171 218 208 177 176 192 256 168 174 207
Days Payable 69 103 67 95 86 74 61 88 128 72 74 49
Cash Conversion Cycle 231 123 118 138 137 107 130 117 140 103 118 178
Working Capital Days 86 68 70 88 61 22 40 52 50 32 72 79
ROCE % 26% 12% 10% 8% 7% 1% 23% 17% 9% 0% 15% 34%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
58.69 58.69 58.69 58.69 58.69 58.69 58.69 58.69 58.69 58.69 58.69 58.69
0.71 0.58 0.65 0.61 0.67 0.36 0.74 0.88 1.09 1.07 1.30 1.32
0.11 0.15 0.16 0.35 0.45 0.46 0.01 0.02 0.00 0.01 0.01 0.01
40.49 40.58 40.51 40.35 40.19 40.50 40.56 40.41 40.22 40.24 40.00 39.98

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

Please click on the line-items to see the names of individual entities.

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