Indian Metals & Ferro Alloys Limited

NSE: IMFA · Metals & Mining

₹1,106.50-2.22%06 Nov 2026

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Instant answers about Indian Metals & Ferro Alloys Limited — computed from its filings, no language model

Market cap₹5,971 cr

Current price₹1,106.50

High / Low₹1,654 / ₹1,083

P/E10.4

P/B1.99

Book value₹556.4

ROE19.1%

ROCE19.0%

Debt / equity0.40

Dividend yield0.91%

EPS (TTM)₹106.51

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

	FY20	FY21	FY22	FY23	FY24	FY26
Revenue	1,612	1,844	2,603	2,676	2,780	2,826
EBITDA	89	338	810	488	587	587
Operating margin	5.5%	18.3%	31.1%	18.3%	21.1%	20.8%
Interest	97	55	59	66	35	36
Depreciation	104	104	110	107	78	63
Profit before tax	-90	228	658	324	516	554
Tax	-25	61	150	98	144	129
Net profit	-66	167	507	0	395	424
EPS ₹	-24.58	61.74	94.01	41.75	73.12	78.64
Operating cash flow	—	—	390	151	512	318
Capex	—	—	87	-230	114	1,335
Dividend paid	—	—	33	0	68	54
Total assets	—	—	—	2,654	2,832	4,317
Equity	—	—	—	1,873	2,120	2,718

Quarterly performance

last 29 quarters · ₹ crore

showing latest 8 of 29 periods

	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	446	389	398	379	405	438	425	576	538	653	655	757	743	672	624	637	702	693	685	701	662	692	643	642	719	703	763	960	968
Operating profit	60	-13	36	0	62	76	68	129	173	236	212	189	218	73	59	139	173	150	159	105	161	170	128	125	138	164	159	281	235
Operating margin	13.4%	-3.4%	9.0%	0.1%	15.4%	17.4%	16.1%	22.3%	32.2%	36.2%	32.3%	25.0%	29.3%	10.8%	9.5%	21.8%	24.6%	21.7%	23.2%	15.0%	24.4%	24.6%	19.9%	19.6%	19.2%	23.4%	20.8%	29.3%	24.3%
Other income	3	6	8	2	17	16	5	12	4	5	3	5	7	4	8	5	10	12	10	11	13	19	17	22	16	22	6	13	5
Interest	19	19	17	34	16	10	12	16	16	13	15	16	21	23	13	9	8	13	8	5	4	6	8	7	8	9	11	12	14
Depreciation	24	25	26	29	25	26	26	27	24	25	26	35	25	26	28	29	25	26	15	13	14	13	14	15	15	15	18	23	27
Profit before tax	20	-51	1	-61	38	56	35	98	137	204	175	143	179	29	17	99	149	123	146	98	157	170	123	126	131	161	136	258	199
Tax	7	-17	-4	-11	13	13	2	32	38	60	52	-0	45	12	6	35	39	34	37	34	43	45	30	33	33	30	33	66	51
Net profit	13	-34	5	-50	24	43	32	65	99	144	122	143	134	16	11	0	110	89	109	86	113	125	93	92	97	131	103	192	148
EPS ₹	4.67	-12.51	1.69	-18.52	9.06	15.94	12.02	24.24	36.68	53.22	22.66	26.43	24.85	3.02	2.01	11.87	20.46	16.53	20.15	15.99	20.95	23.17	17.30	17.10	18.07	24.33	19.13	35.65	27.37
Revenue YoY	—	—	—	—	-9.2%	12.4%	7.0%	52.0%	32.8%	49.3%	54.0%	31.3%	38.2%	3.0%	-4.8%	-15.8%	-5.6%	3.0%	9.9%	10.0%	-5.6%	-0.1%	-6.1%	-3.1%	3.9%	9.3%	—	49.7%	34.7%
Profit YoY	—	—	—	—	93.9%	—	611.0%	—	305.1%	233.9%	276.7%	117.7%	35.5%	-88.6%	-91.1%	-100.0%	-17.7%	447.1%	899.9%	—	2.4%	40.2%	-14.1%	-18.4%	-22.0%	40.9%	—	108.4%	51.5%

Earlier results (standalone, Dec '08 – Mar '19)

₹ crore · from BSE, before the NSE XBRL filings begin

Indian Metals & Ferro Alloys Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 10 periods

	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†	FY19†
Revenue	622	1,078	1,197	1,273	1,318	1,345	1,211	1,694	1,769	1,634
Operating profit	142	350	233	274	306	241	113	515	424	270
Operating margin	22.9%	32.4%	19.5%	21.6%	23.2%	17.9%	9.4%	30.4%	24.0%	16.5%
Other income	—	—	—	8	22	22	16	49	37	15
Interest	44	54	83	87	126	109	83	86	78	80
Depreciation	40	42	55	82	149	122	114	109	101	98
Profit before tax	57	254	96	103	53	33	-85	370	282	30
Tax	16	88	32	49	14	21	-30	120	95	19
Net profit	41	165	64	54	39	12	-55	250	187	11

Quarters

showing latest 8 of 42 periods

	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†
Revenue	134	220	121	120	210	172	244	309	236	289	272	298	308	318	299	284	312	379	307	323	364	324	301	348	292	403	340	338	329	204	250	388	462	594	426	416	484	443	413	395	392	434
Operating profit	47	10	9	21	67	46	111	107	72	60	73	27	69	64	91	62	58	64	87	72	82	64	58	60	42	82	51	56	37	-31	-0	100	143	273	176	44	139	66	84	47	98	41
Operating margin	35.1%	4.4%	7.1%	17.3%	32.0%	26.6%	45.3%	34.7%	30.4%	20.7%	26.7%	9.2%	22.4%	20.2%	30.4%	21.8%	18.7%	16.8%	28.3%	22.4%	22.6%	19.9%	19.1%	17.3%	14.2%	20.3%	15.0%	16.7%	11.1%	-15.1%	-0.1%	25.7%	30.9%	46.0%	41.3%	10.6%	28.7%	14.8%	20.4%	12.0%	24.9%	9.5%
Other income	—	—	—	—	—	—	—	—	—	—	—	—	—	1	1	2	2	3	3	8	5	6	7	6	6	3	5	6	2	3	3	12	-2	37	13	6	21	-3	3	4	4	4
Interest	25	24	10	13	14	7	17	10	13	14	10	25	30	18	32	15	19	21	32	38	31	24	31	28	25	25	21	22	20	20	22	21	27	17	19	20	19	21	19	19	22	21
Depreciation	9	10	9	9	13	10	10	10	12	10	10	13	15	17	14	14	18	35	31	38	39	41	29	29	32	32	27	28	28	31	27	27	27	28	25	24	25	26	23	24	25	26
Profit before tax	13	-25	-11	-1	40	29	83	88	47	36	53	-10	23	30	45	34	24	1	26	4	18	5	4	4	-9	34	-12	8	-4	-77	-46	64	86	265	144	6	116	16	45	21	51	-87
Tax	2	-21	-2	1	8	10	29	30	17	11	15	-2	10	8	17	12	9	12	16	-10	7	1	2	3	-5	21	-1	3	-5	-27	-16	22	23	91	44	-1	41	11	16	-0	16	-13
Net profit	11	-4	-8	-2	32	19	54	57	29	24	37	-9	13	22	28	22	15	-11	10	14	11	4	2	1	-4	13	-11	5	1	-50	-30	42	64	174	100	7	75	5	29	21	35	-74
EPS ₹	5.13	—	-3.94	-0.95	14.58	7.82	20.62	21.73	11.17	9.30	14.40	-3.34	5.06	8.48	10.95	8.38	5.80	-4.38	3.88	5.43	4.23	1.52	0.77	0.22	-1.44	5.06	-4.25	1.97	0.43	-19.23	-11.68	16.29	24.51	64.50	37.04	2.73	27.71	1.81	10.65	7.97	12.85	-27.38
Revenue YoY	—	—	—	—	57.2%	-21.9%	102.4%	158.7%	12.1%	68.2%	11.5%	-3.7%	30.7%	10.3%	9.6%	-4.7%	1.1%	19.0%	2.8%	13.6%	16.9%	-14.5%	-1.8%	7.9%	-19.7%	24.4%	12.8%	-2.8%	12.6%	-49.4%	-26.3%	14.6%	40.3%	191.5%	70.2%	7.3%	4.7%	-25.4%	-3.2%	-5.1%	-18.9%	-2.1%
Profit YoY	—	—	—	—	195.8%	—	—	—	-9.0%	28.2%	-31.1%	-115.2%	-55.3%	-10.0%	-24.0%	—	14.4%	-151.7%	-64.6%	-35.1%	-27.1%	—	-80.1%	-96.0%	-134.1%	232.9%	-652.0%	798.2%	—	-479.8%	—	726.4%	5654.1%	—	—	-82.6%	17.0%	-97.2%	-71.2%	191.6%	-53.6%	-1607.6%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 23 periods

	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '26	JUN '26	SEP '26
ROE	—	—	—	—	—	—	—	—	—	—	22.7%	16.6%	8.6%	7.3%	10.3%	15.1%	18.6%	18.7%	18.6%	17.9%	15.6%	19.3%	19.1%
ROCE	—	—	—	—	—	—	—	—	—	—	26.6%	19.5%	17.8%	15.9%	18.0%	23.2%	24.1%	24.2%	22.8%	21.9%	16.2%	20.0%	19.0%
Net margin	-4.1%	-3.5%	1.4%	3.0%	9.0%	12.1%	15.5%	17.8%	19.5%	19.3%	14.7%	10.9%	6.0%	5.2%	7.9%	11.3%	14.2%	14.5%	15.8%	15.5%	15.0%	16.7%	16.9%
EBITDA margin	5.1%	5.4%	10.8%	12.6%	18.2%	22.6%	27.7%	31.0%	31.1%	30.4%	24.5%	19.3%	18.3%	16.8%	19.6%	22.9%	21.1%	21.0%	21.7%	20.9%	20.8%	23.6%	24.7%
Debt / equity	—	—	—	—	—	—	—	—	—	—	0.23	0.23	0.17	0.17	0.17	0.17	0.08	0.08	0.12	0.12	0.34	0.34	0.40
Interest coverage	-0.03	0.15	1.45	1.94	5.13	6.95	9.31	11.30	12.15	12.01	8.12	6.07	5.91	6.52	9.89	14.34	15.77	17.91	25.10	24.34	16.54	17.70	16.93
Asset turnover	—	—	—	—	—	—	—	—	—	—	0.98	0.97	1.01	0.99	0.95	0.97	0.98	0.97	0.90	0.89	0.65	0.73	0.68

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 8 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	SEP '25	MAR '26	SEP '26
Share capital	54	54	54	54	54	54	54	54
Other equity / reserves	1,772	1,819	1,992	2,066	2,276	2,456	2,664	2,948
Total equity	1,826	1,873	2,046	2,120	2,330	2,510	2,718	3,002
Borrowings	427	321	357	168	280	419	924	1,210
Current liabilities	822	665	640	649	634	766	1,183	1,452
Non-current liabilities	203	85	78	55	64	111	407	552
Total assets	2,881	2,654	2,795	2,832	3,035	3,396	4,317	5,016
Property, plant & equipment	1,090	960	921	975	996	1,019	1,539	1,977
Capital work-in-progress	251	64	83	66	50	197	792	687
Investments	181	264	315	372	785	1,008	383	519
Inventories	683	647	658	712	630	637	815	965
Receivables	106	86	114	85	225	130	239	242
Cash & equivalents	23	8	32	52	6	13	34	66

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY26
Cash from operations	390	151	512	318
Cash from investing	-106	140	-209	-753
Cash from financing	-284	-291	-259	462
Capex	87	-230	114	1,335
Free cash flow	303	381	399	-1,017
Dividends paid	33	0	68	54

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹1,977 cr39%

CWIP

₹687 cr14%

Investments

₹519 cr10%

Inventories

₹965 cr19%

Receivables

₹242 cr5%

Cash & equivalents

₹66 cr1%

Other assets

₹560 cr11%

Peer comparison

largest in Metals & Mining · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Adani Enterprises Ltd.	3,71,671	2,745.80	64.8	3.79	5.9%
JSW Steel Ltd.	3,31,132	1,357.10	11.6	2.92	25.1%
Hindustan Zinc Ltd.	2,40,022	568.10	—	8.01	0.0%
Tata Steel Ltd.	2,32,398	186.30	21.1	2.27	10.8%
Hindalco Industries Ltd.	2,12,765	958.40	11.1	1.33	12.0%
Vedanta Aluminium Metal Ltd.	1,47,058	376.05	—	6.38	—
Jindal Steel Ltd.	1,18,597	1,165.00	41.5	2.26	5.5%
Vedanta Ltd.	1,02,344	261.75	4.8	8.02	168.7%
Lloyds Metals And Energy Ltd.	1,00,524	1,785.50	19.2	6.20	32.3%
Steel Authority of India Ltd.	70,880	171.60	12.6	1.13	9.0%
Indian Metals & Ferro Alloys Limited	5,971	1,106.50	10.4	1.99	19.1%

StoxGud checklist: Neutral setup · 5/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-6.8%

6 months-24.6%

1 year-4.5%

3Y CAGR+36.3%

5Y CAGR+23.4%

10Y CAGR+17.6%

50-day avg₹1,206.73

200-day avg₹1,326.54

RSI (14)34

FAQs

What is the share price of Indian Metals & Ferro Alloys Limited?

Indian Metals & Ferro Alloys Limited (IMFA) closed at ₹1,106.50 on NSE on 06 Nov 2026.

What is the market cap of Indian Metals & Ferro Alloys Limited?

₹5,971 crore at the latest close.

What is the P/E ratio of Indian Metals & Ferro Alloys Limited?

10.4, on trailing-twelve-month earnings from its filings.

How fast is Indian Metals & Ferro Alloys Limited growing?

Indian Metals & Ferro Alloys Limited: revenue has compounded at 2.8% a year over three years; net profit at -5.8% a year. Latest-quarter revenue is up 34.7% year on year, profit up 51.5%.

How profitable is Indian Metals & Ferro Alloys Limited?

On a trailing-twelve-month basis return on equity is 19.1%, return on capital employed 19.0%, operating margin 24.7%, net margin 16.9%.

How much debt does Indian Metals & Ferro Alloys Limited have?

Indian Metals & Ferro Alloys Limited is lightly geared: debt to equity is 0.40 with borrowings of ₹1,210 cr against cash of ₹66 cr (balance sheet of 2026-09-30). Operating profit covers interest 16.9 times.

Financials parsed from Indian Metals & Ferro Alloys Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from JUN '19, annual from FY20, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.