Indian Metals & Ferro Alloys Ltd.

•

₹ 1,383.8-2.68%

2026-08-21

imfa.inBSE: 533047NSE: IMFA

Market Cap₹ 7,873 Cr.

Current Price₹ 1,422

High / Low₹ 1,680 / 815

Stock P/E15.0

Book Value₹ 539

Price to Book2.39

Dividend Yield0.86 %

ROCE18.5 %

ROE16.8 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Ferro Alloys: 99.9% • Others: 0.1% • Mining: 0.0%

PROS

Company has delivered good profit growth of 20.5% CAGR over last 5 years
Company has a healthy return on capital (ROCE) of 21.5%
Company has consistently been profitable over the last 5 years
Latest quarter profit grew 108.1% YoY, showing strong momentum
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.19x)

CONS

Receivables are growing faster than sales - a possible quality concern
Total debt has risen sharply - up 147.8% year on year

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

Metals & MiningFerro ManganeseFerro & Silica Manganese

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	NAVA	549.60	20.59	15567.70	1.55	332.82	-16.60	1211.80	1.56	15.55	43.45
2.	IMFA	1459.20	15.02	7872.98	0.86	192.59	108.12	960.45	49.71	18.54	29.29
3.	MAITHANALL	987.80	9.90	2875.64	1.72	395.72	-26.43	539.53	-14.67	23.38	16.84

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	702	693	685	701	662	692	643	567	642	719	703	763	960
	531	547	526	596	501	521	515	497	516	580	539	604	715
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	12	12	10	11	13	19	17	17	22	16	22	6	13
Interest	8	9	8	5	4	6	8	10	7	8	9	11	12
Depreciation	25	26	15	13	14	13	14	14	15	15	15	18	23
	149	123	146	98	157	170	123	64	126	131	161	136	258
Tax %	26.04%	27.45%	25.16%	63.73%	27.65%	26.48%	24.38%	25.55%	26.39%	25.46%	18.57%	24.15%	25.44%
Net Profit	0	0	0	0	113	125	93	47	93	98	131	103	193
	20	17	20	7	21	23	17	9	17	18	24	19	4
Equity Capital	54	54	54	54	54	54	54	54	54	54	54	54	54
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	54	54	54	54	54	54	54	54	54	54	54	54	54
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Jun 2023

: 702
: 531
Operating Profit: —
OPM %: —
Other Income: 12
Interest: 8
Depreciation: 25
: 149
Tax %: 26.04%
Net Profit: 0
: 20
Equity Capital: 54
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 54
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 693
: 547
Operating Profit: —
OPM %: —
Other Income: 12
Interest: 9
Depreciation: 26
: 123
Tax %: 27.45%
Net Profit: 0
: 17
Equity Capital: 54
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 54
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 685
: 526
Operating Profit: —
OPM %: —
Other Income: 10
Interest: 8
Depreciation: 15
: 146
Tax %: 25.16%
Net Profit: 0
: 20
Equity Capital: 54
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 54
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 701
: 596
Operating Profit: —
OPM %: —
Other Income: 11
Interest: 5
Depreciation: 13
: 98
Tax %: 63.73%
Net Profit: 0
: 7
Equity Capital: 54
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 54
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 662
: 501
Operating Profit: —
OPM %: —
Other Income: 13
Interest: 4
Depreciation: 14
: 157
Tax %: 27.65%
Net Profit: 113
: 21
Equity Capital: 54
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 54
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 692
: 521
Operating Profit: —
OPM %: —
Other Income: 19
Interest: 6
Depreciation: 13
: 170
Tax %: 26.48%
Net Profit: 125
: 23
Equity Capital: 54
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 54
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 643
: 515
Operating Profit: —
OPM %: —
Other Income: 17
Interest: 8
Depreciation: 14
: 123
Tax %: 24.38%
Net Profit: 93
: 17
Equity Capital: 54
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 54
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 567
: 497
Operating Profit: —
OPM %: —
Other Income: 17
Interest: 10
Depreciation: 14
: 64
Tax %: 25.55%
Net Profit: 47
: 9
Equity Capital: 54
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 54
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 642
: 516
Operating Profit: —
OPM %: —
Other Income: 22
Interest: 7
Depreciation: 15
: 126
Tax %: 26.39%
Net Profit: 93
: 17
Equity Capital: 54
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 54
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 719
: 580
Operating Profit: —
OPM %: —
Other Income: 16
Interest: 8
Depreciation: 15
: 131
Tax %: 25.46%
Net Profit: 98
: 18
Equity Capital: 54
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 54
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 703
: 539
Operating Profit: —
OPM %: —
Other Income: 22
Interest: 9
Depreciation: 15
: 161
Tax %: 18.57%
Net Profit: 131
: 24
Equity Capital: 54
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 54
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 763
: 604
Operating Profit: —
OPM %: —
Other Income: 6
Interest: 11
Depreciation: 18
: 136
Tax %: 24.15%
Net Profit: 103
: 19
Equity Capital: 54
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 54
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 960
: 715
Operating Profit: —
OPM %: —
Other Income: 13
Interest: 12
Depreciation: 23
: 258
Tax %: 25.44%
Net Profit: 193
: 4
Equity Capital: 54
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 54
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,672	1,766	1,634	1,612	1,844	2,603	2,676	2,780	2,565	2,826	3,145
	1,159	1,343	1,361	1,523	1,516	1,800	2,188	2,193	2,034	2,239	2,438
Operating Profit	562	459	292	110	394	827	513	629	597	653	—
OPM %	34	26	18	7	21	32	19	23	23	23	—
Other Income	48	36	19	21	65	24	24	42	66	65	56
Interest	83	75	94	97	61	59	66	35	28	36	41
Depreciation	109	101	98	104	104	110	107	78	55	63	72
	369	283	19	-91	228	658	324	516	514	554	687
Tax %	33	34	103	27	27	23	30	33	26	23	24
Net Profit	249	187	-1	-66	167	508	226	344	379	425	525
EPS	95	69	-0	-25	31	94	42	64	70	79	—
Dividend Payout %	22	11	-640	0	16	13	24	47	28	16	—
Minority Interest	0	-0	-0	-1	-0	-0	-1	-1	-1	-0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	46	71	-0	-12	31	94	42	64	70	79	—
Minority Interest	0	-0	-0	-1	-0	-0	-1	-1	-1	-0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	46	71	-0	-12	31	94	42	64	70	79	—

Mar 2017

: 1,672
: 1,159
Operating Profit: 562
OPM %: 34
Other Income: 48
Interest: 83
Depreciation: 109
: 369
Tax %: 33
Net Profit: 249
EPS: 95
Dividend Payout %: 22
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 46
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 46

Mar 2018

: 1,766
: 1,343
Operating Profit: 459
OPM %: 26
Other Income: 36
Interest: 75
Depreciation: 101
: 283
Tax %: 34
Net Profit: 187
EPS: 69
Dividend Payout %: 11
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 71
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 71

Mar 2019

: 1,634
: 1,361
Operating Profit: 292
OPM %: 18
Other Income: 19
Interest: 94
Depreciation: 98
: 19
Tax %: 103
Net Profit: -1
EPS: -0
Dividend Payout %: -640
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: -0
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: -0

Mar 2020

: 1,612
: 1,523
Operating Profit: 110
OPM %: 7
Other Income: 21
Interest: 97
Depreciation: 104
: -91
Tax %: 27
Net Profit: -66
EPS: -25
Dividend Payout %: 0
Minority Interest: -1
Share of Associates: 0
Adjusted EPS: -12
Minority Interest: -1
Share of Associates: 0
Adjusted EPS: -12

Mar 2021

: 1,844
: 1,516
Operating Profit: 394
OPM %: 21
Other Income: 65
Interest: 61
Depreciation: 104
: 228
Tax %: 27
Net Profit: 167
EPS: 31
Dividend Payout %: 16
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 31
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 31

Mar 2022

: 2,603
: 1,800
Operating Profit: 827
OPM %: 32
Other Income: 24
Interest: 59
Depreciation: 110
: 658
Tax %: 23
Net Profit: 508
EPS: 94
Dividend Payout %: 13
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 94
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 94

Mar 2023

: 2,676
: 2,188
Operating Profit: 513
OPM %: 19
Other Income: 24
Interest: 66
Depreciation: 107
: 324
Tax %: 30
Net Profit: 226
EPS: 42
Dividend Payout %: 24
Minority Interest: -1
Share of Associates: 0
Adjusted EPS: 42
Minority Interest: -1
Share of Associates: 0
Adjusted EPS: 42

Mar 2024

: 2,780
: 2,193
Operating Profit: 629
OPM %: 23
Other Income: 42
Interest: 35
Depreciation: 78
: 516
Tax %: 33
Net Profit: 344
EPS: 64
Dividend Payout %: 47
Minority Interest: -1
Share of Associates: 0
Adjusted EPS: 64
Minority Interest: -1
Share of Associates: 0
Adjusted EPS: 64

Mar 2025

: 2,565
: 2,034
Operating Profit: 597
OPM %: 23
Other Income: 66
Interest: 28
Depreciation: 55
: 514
Tax %: 26
Net Profit: 379
EPS: 70
Dividend Payout %: 28
Minority Interest: -1
Share of Associates: 0
Adjusted EPS: 70
Minority Interest: -1
Share of Associates: 0
Adjusted EPS: 70

Mar 2026

: 2,826
: 2,239
Operating Profit: 653
OPM %: 23
Other Income: 65
Interest: 36
Depreciation: 63
: 554
Tax %: 23
Net Profit: 425
EPS: 79
Dividend Payout %: 16
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 79
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 79

TTM

: 3,145
: 2,438
Operating Profit: —
OPM %: —
Other Income: 56
Interest: 41
Depreciation: 72
: 687
Tax %: 24
Net Profit: 525
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: 9%
5 Years:: 9%
3 Years:: 2%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 21%
3 Years:: 23%

STOCK PRICE CAGR

10 Years:: 33%
5 Years:: 32%
3 Years:: 60%
1 Year:: 71%

RETURN ON EQUITY

10 Years:: 15%
5 Years:: 20%
3 Years:: 17%
Last Year:: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	27	13	13	27	27	54	54	54	54	54
	1,037	1,189	1,143	1,057	1,215	1,661	1,819	2,051	2,294	2,664
	308	306	381	357	371	467	316	219	372	627
Trade Payables	118	196	272	185	189	147	209	281	194	277
	1,014	947	846	788	739	493	256	308	262	695
Total Liabilities	2,504	2,652	2,655	2,414	2,541	2,821	2,654	2,913	3,177	4,317
ASSETS	-	-	-	-	-	-	-	-	-	-
	1,264	1,245	1,166	1,205	1,145	1,101	980	975	1,028	1,549
Capital Work in Progress	236	273	304	264	248	266	64	66	74	792
	161	148	69	33	120	155	264	372	909	383
	340	428	545	432	445	622	647	712	736	815
	0	0	0	0	0	0	0	137	113	239
Cash & Bank	36	48	57	43	50	23	33	97	21	47
	467	509	513	437	533	655	664	555	295	492
Total Assets	2,504	2,652	2,655	2,414	2,541	2,821	2,654	2,913	3,177	4,317
Total Debt	910	822	766	697	664	476	321	221	373	924
Net Working Capital	200	253	92	-51	160	271	837	1,010	1,216	522
Contingent Liabilities	158	171	168	191	204	501	464	196	233	222
Book Value per Share	394.38	920.47	885.37	401.75	460.28	317.89	347.09	390.04	435.18	503.62
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Total Debt	910	822	766	697	664	476	321	221	373	924
Net Working Capital	200	253	92	-51	160	271	837	1,010	1,216	522
Contingent Liabilities	158	171	168	191	204	501	464	196	233	222
Book Value per Share	394.38	920.47	885.37	401.75	460.28	317.89	347.09	390.04	435.18	503.62
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00

Mar 2017

Equity Capital: 27
: 1,037
: 308
Trade Payables: 118
: 1,014
Total Liabilities: 2,504
: 1,264
Capital Work in Progress: 236
: 161
: 340
: 0
Cash & Bank: 36
: 467
Total Assets: 2,504
Total Debt: 910
Net Working Capital: 200
Contingent Liabilities: 158
Book Value per Share: 394.38
Face Value: 10.00
Total Debt: 910
Net Working Capital: 200
Contingent Liabilities: 158
Book Value per Share: 394.38
Face Value: 10.00

Mar 2018

Equity Capital: 13
: 1,189
: 306
Trade Payables: 196
: 947
Total Liabilities: 2,652
: 1,245
Capital Work in Progress: 273
: 148
: 428
: 0
Cash & Bank: 48
: 509
Total Assets: 2,652
Total Debt: 822
Net Working Capital: 253
Contingent Liabilities: 171
Book Value per Share: 920.47
Face Value: 10.00
Total Debt: 822
Net Working Capital: 253
Contingent Liabilities: 171
Book Value per Share: 920.47
Face Value: 10.00

Mar 2019

Equity Capital: 13
: 1,143
: 381
Trade Payables: 272
: 846
Total Liabilities: 2,655
: 1,166
Capital Work in Progress: 304
: 69
: 545
: 0
Cash & Bank: 57
: 513
Total Assets: 2,655
Total Debt: 766
Net Working Capital: 92
Contingent Liabilities: 168
Book Value per Share: 885.37
Face Value: 10.00
Total Debt: 766
Net Working Capital: 92
Contingent Liabilities: 168
Book Value per Share: 885.37
Face Value: 10.00

Mar 2020

Equity Capital: 27
: 1,057
: 357
Trade Payables: 185
: 788
Total Liabilities: 2,414
: 1,205
Capital Work in Progress: 264
: 33
: 432
: 0
Cash & Bank: 43
: 437
Total Assets: 2,414
Total Debt: 697
Net Working Capital: -51
Contingent Liabilities: 191
Book Value per Share: 401.75
Face Value: 10.00
Total Debt: 697
Net Working Capital: -51
Contingent Liabilities: 191
Book Value per Share: 401.75
Face Value: 10.00

Mar 2021

Equity Capital: 27
: 1,215
: 371
Trade Payables: 189
: 739
Total Liabilities: 2,541
: 1,145
Capital Work in Progress: 248
: 120
: 445
: 0
Cash & Bank: 50
: 533
Total Assets: 2,541
Total Debt: 664
Net Working Capital: 160
Contingent Liabilities: 204
Book Value per Share: 460.28
Face Value: 10.00
Total Debt: 664
Net Working Capital: 160
Contingent Liabilities: 204
Book Value per Share: 460.28
Face Value: 10.00

Mar 2022

Equity Capital: 54
: 1,661
: 467
Trade Payables: 147
: 493
Total Liabilities: 2,821
: 1,101
Capital Work in Progress: 266
: 155
: 622
: 0
Cash & Bank: 23
: 655
Total Assets: 2,821
Total Debt: 476
Net Working Capital: 271
Contingent Liabilities: 501
Book Value per Share: 317.89
Face Value: 10.00
Total Debt: 476
Net Working Capital: 271
Contingent Liabilities: 501
Book Value per Share: 317.89
Face Value: 10.00

Mar 2023

Equity Capital: 54
: 1,819
: 316
Trade Payables: 209
: 256
Total Liabilities: 2,654
: 980
Capital Work in Progress: 64
: 264
: 647
: 0
Cash & Bank: 33
: 664
Total Assets: 2,654
Total Debt: 321
Net Working Capital: 837
Contingent Liabilities: 464
Book Value per Share: 347.09
Face Value: 10.00
Total Debt: 321
Net Working Capital: 837
Contingent Liabilities: 464
Book Value per Share: 347.09
Face Value: 10.00

Mar 2024

Equity Capital: 54
: 2,051
: 219
Trade Payables: 281
: 308
Total Liabilities: 2,913
: 975
Capital Work in Progress: 66
: 372
: 712
: 137
Cash & Bank: 97
: 555
Total Assets: 2,913
Total Debt: 221
Net Working Capital: 1,010
Contingent Liabilities: 196
Book Value per Share: 390.04
Face Value: 10.00
Total Debt: 221
Net Working Capital: 1,010
Contingent Liabilities: 196
Book Value per Share: 390.04
Face Value: 10.00

Mar 2025

Equity Capital: 54
: 2,294
: 372
Trade Payables: 194
: 262
Total Liabilities: 3,177
: 1,028
Capital Work in Progress: 74
: 909
: 736
: 113
Cash & Bank: 21
: 295
Total Assets: 3,177
Total Debt: 373
Net Working Capital: 1,216
Contingent Liabilities: 233
Book Value per Share: 435.18
Face Value: 10.00
Total Debt: 373
Net Working Capital: 1,216
Contingent Liabilities: 233
Book Value per Share: 435.18
Face Value: 10.00

Mar 2026

Equity Capital: 54
: 2,664
: 627
Trade Payables: 277
: 695
Total Liabilities: 4,317
: 1,549
Capital Work in Progress: 792
: 383
: 815
: 239
Cash & Bank: 47
: 492
Total Assets: 4,317
Total Debt: 924
Net Working Capital: 522
Contingent Liabilities: 222
Book Value per Share: 503.62
Face Value: 10.00
Total Debt: 924
Net Working Capital: 522
Contingent Liabilities: 222
Book Value per Share: 503.62
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	485	290	217	221	207	390	151	460	585	318
Cash from Investing	-161	-88	-31	-50	-106	-106	140	-209	-562	-753
Cash from Financing	-322	-191	-187	-182	-99	-284	-291	-207	-68	462
	2	10	-2	-11	2	-0	1	44	-44	27
Free Cash Flow	431	168	165	116	180	304	151	391	476	-974
OCF / Net Profit	1.95	1.55	-373.40	-3.34	1.24	0.77	0.67	1.33	1.54	0.75
Cumulative 5-Year FCF	0	0	0	0	1,059	932	915	1,142	1,501	348
OCF / Net Profit	1.95	1.55	-373.40	-3.34	1.24	0.77	0.67	1.33	1.54	0.75
Cumulative 5-Year FCF	0	0	0	0	1,059	932	915	1,142	1,501	348

Mar 2017

: 485
Cash from Investing: -161
Cash from Financing: -322
: 2
Free Cash Flow: 431
OCF / Net Profit: 1.95
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.95
Cumulative 5-Year FCF: 0

Mar 2018

: 290
Cash from Investing: -88
Cash from Financing: -191
: 10
Free Cash Flow: 168
OCF / Net Profit: 1.55
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.55
Cumulative 5-Year FCF: 0

Mar 2019

: 217
Cash from Investing: -31
Cash from Financing: -187
: -2
Free Cash Flow: 165
OCF / Net Profit: -373.40
Cumulative 5-Year FCF: 0
OCF / Net Profit: -373.40
Cumulative 5-Year FCF: 0

Mar 2020

: 221
Cash from Investing: -50
Cash from Financing: -182
: -11
Free Cash Flow: 116
OCF / Net Profit: -3.34
Cumulative 5-Year FCF: 0
OCF / Net Profit: -3.34
Cumulative 5-Year FCF: 0

Mar 2021

: 207
Cash from Investing: -106
Cash from Financing: -99
: 2
Free Cash Flow: 180
OCF / Net Profit: 1.24
Cumulative 5-Year FCF: 1,059
OCF / Net Profit: 1.24
Cumulative 5-Year FCF: 1,059

Mar 2022

: 390
Cash from Investing: -106
Cash from Financing: -284
: -0
Free Cash Flow: 304
OCF / Net Profit: 0.77
Cumulative 5-Year FCF: 932
OCF / Net Profit: 0.77
Cumulative 5-Year FCF: 932

Mar 2023

: 151
Cash from Investing: 140
Cash from Financing: -291
: 1
Free Cash Flow: 151
OCF / Net Profit: 0.67
Cumulative 5-Year FCF: 915
OCF / Net Profit: 0.67
Cumulative 5-Year FCF: 915

Mar 2024

: 460
Cash from Investing: -209
Cash from Financing: -207
: 44
Free Cash Flow: 391
OCF / Net Profit: 1.33
Cumulative 5-Year FCF: 1,142
OCF / Net Profit: 1.33
Cumulative 5-Year FCF: 1,142

Mar 2025

: 585
Cash from Investing: -562
Cash from Financing: -68
: -44
Free Cash Flow: 476
OCF / Net Profit: 1.54
Cumulative 5-Year FCF: 1,501
OCF / Net Profit: 1.54
Cumulative 5-Year FCF: 1,501

Mar 2026

: 318
Cash from Investing: -753
Cash from Financing: 462
: 27
Free Cash Flow: -974
OCF / Net Profit: 0.75
Cumulative 5-Year FCF: 348
OCF / Net Profit: 0.75
Cumulative 5-Year FCF: 348

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	92.27	142.50	-0.78	-24.64	61.73	94.00	41.75	63.67	70.19	78.63
Book Value (₹)	394.38	920.47	885.37	401.75	460.28	317.89	347.09	390.04	435.18	503.62
Dividend per Share (₹)	20.00	15.00	5.00	0.00	10.00	12.50	10.00	30.00	20.00	12.50
Cash EPS (₹)	66.23	110.00	37.36	7.09	50.26	114.51	61.72	78.27	80.42	90.37
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	33.09%	25.94%	17.85%	6.83%	21.34%	31.77%	19.16%	20.95%	20.53%	20.63%
Net Margin %	14.65%	10.54%	-0.04%	-4.09%	9.05%	19.50%	8.44%	12.29%	14.68%	14.93%
ROE %	26.22%	16.46%	-0.05%	-5.89%	14.36%	34.34%	12.58%	17.31%	17.04%	16.77%
ROCE %	23.43%	17.86%	5.68%	0.32%	15.70%	34.97%	17.77%	24.38%	21.50%	18.54%
	10.16%	7.24%	-0.02%	-2.60%	6.74%	18.93%	8.25%	12.37%	12.46%	11.34%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	9	14	13	9	12	16	15	15	18	23
Inventory Days	72	79	109	111	87	75	87	89	102	100
Payable Days	66	71	110	89	73	56	45	77	85	82
	15	22	11	31	26	35	57	26	35	40
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	0.85x	0.68x	0.66x	0.64x	0.54x	0.28x	0.17x	0.10x	0.16x	0.34x
Interest Coverage (x)	5.43x	4.75x	1.20x	0.06x	4.75x	12.15x	5.91x	15.77x	19.19x	16.54x
	1.35x	1.40x	1.11x	0.93x	1.22x	1.32x	2.26x	2.41x	2.69x	1.44x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	38.06%	5.58%	-7.47%	-1.34%	14.41%	41.14%	2.82%	3.88%	-7.75%	10.21%
Operating Profit Growth %	304.91%	-18.28%	-36.46%	-62.24%	257.49%	110.06%	-37.98%	22.68%	-5.10%	9.32%
Net Profit Growth %	669.50%	-25.00%	-100.31%	0.00%	353.12%	204.05%	-55.53%	52.51%	10.16%	11.97%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	52.52%	10.23%	12.03%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	10.05x	8.70x	15.29x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	1.64x	1.40x	2.39x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4.69%	3.28%	1.04%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	5.69x	6.10x	11.28x

Mar 2017

EPS (₹): 92.27
Book Value (₹): 394.38
Dividend per Share (₹): 20.00
Cash EPS (₹): 66.23
Operating Margin %: 33.09%
Net Margin %: 14.65%
ROE %: 26.22%
ROCE %: 23.43%
: 10.16%
Debtor Days: 9
Inventory Days: 72
Payable Days: 66
: 15
Debt to Equity (x): 0.85x
Interest Coverage (x): 5.43x
: 1.35x
Revenue Growth %: 38.06%
Operating Profit Growth %: 304.91%
Net Profit Growth %: 669.50%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): 142.50
Book Value (₹): 920.47
Dividend per Share (₹): 15.00
Cash EPS (₹): 110.00
Operating Margin %: 25.94%
Net Margin %: 10.54%
ROE %: 16.46%
ROCE %: 17.86%
: 7.24%
Debtor Days: 14
Inventory Days: 79
Payable Days: 71
: 22
Debt to Equity (x): 0.68x
Interest Coverage (x): 4.75x
: 1.40x
Revenue Growth %: 5.58%
Operating Profit Growth %: -18.28%
Net Profit Growth %: -25.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): -0.78
Book Value (₹): 885.37
Dividend per Share (₹): 5.00
Cash EPS (₹): 37.36
Operating Margin %: 17.85%
Net Margin %: -0.04%
ROE %: -0.05%
ROCE %: 5.68%
: -0.02%
Debtor Days: 13
Inventory Days: 109
Payable Days: 110
: 11
Debt to Equity (x): 0.66x
Interest Coverage (x): 1.20x
: 1.11x
Revenue Growth %: -7.47%
Operating Profit Growth %: -36.46%
Net Profit Growth %: -100.31%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): -24.64
Book Value (₹): 401.75
Dividend per Share (₹): 0.00
Cash EPS (₹): 7.09
Operating Margin %: 6.83%
Net Margin %: -4.09%
ROE %: -5.89%
ROCE %: 0.32%
: -2.60%
Debtor Days: 9
Inventory Days: 111
Payable Days: 89
: 31
Debt to Equity (x): 0.64x
Interest Coverage (x): 0.06x
: 0.93x
Revenue Growth %: -1.34%
Operating Profit Growth %: -62.24%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 61.73
Book Value (₹): 460.28
Dividend per Share (₹): 10.00
Cash EPS (₹): 50.26
Operating Margin %: 21.34%
Net Margin %: 9.05%
ROE %: 14.36%
ROCE %: 15.70%
: 6.74%
Debtor Days: 12
Inventory Days: 87
Payable Days: 73
: 26
Debt to Equity (x): 0.54x
Interest Coverage (x): 4.75x
: 1.22x
Revenue Growth %: 14.41%
Operating Profit Growth %: 257.49%
Net Profit Growth %: 353.12%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 94.00
Book Value (₹): 317.89
Dividend per Share (₹): 12.50
Cash EPS (₹): 114.51
Operating Margin %: 31.77%
Net Margin %: 19.50%
ROE %: 34.34%
ROCE %: 34.97%
: 18.93%
Debtor Days: 16
Inventory Days: 75
Payable Days: 56
: 35
Debt to Equity (x): 0.28x
Interest Coverage (x): 12.15x
: 1.32x
Revenue Growth %: 41.14%
Operating Profit Growth %: 110.06%
Net Profit Growth %: 204.05%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 41.75
Book Value (₹): 347.09
Dividend per Share (₹): 10.00
Cash EPS (₹): 61.72
Operating Margin %: 19.16%
Net Margin %: 8.44%
ROE %: 12.58%
ROCE %: 17.77%
: 8.25%
Debtor Days: 15
Inventory Days: 87
Payable Days: 45
: 57
Debt to Equity (x): 0.17x
Interest Coverage (x): 5.91x
: 2.26x
Revenue Growth %: 2.82%
Operating Profit Growth %: -37.98%
Net Profit Growth %: -55.53%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 63.67
Book Value (₹): 390.04
Dividend per Share (₹): 30.00
Cash EPS (₹): 78.27
Operating Margin %: 20.95%
Net Margin %: 12.29%
ROE %: 17.31%
ROCE %: 24.38%
: 12.37%
Debtor Days: 15
Inventory Days: 89
Payable Days: 77
: 26
Debt to Equity (x): 0.10x
Interest Coverage (x): 15.77x
: 2.41x
Revenue Growth %: 3.88%
Operating Profit Growth %: 22.68%
Net Profit Growth %: 52.51%
: 52.52%
P/E (x): 10.05x
P/B (x): 1.64x
Dividend Yield %: 4.69%
: 5.69x

Mar 2025

EPS (₹): 70.19
Book Value (₹): 435.18
Dividend per Share (₹): 20.00
Cash EPS (₹): 80.42
Operating Margin %: 20.53%
Net Margin %: 14.68%
ROE %: 17.04%
ROCE %: 21.50%
: 12.46%
Debtor Days: 18
Inventory Days: 102
Payable Days: 85
: 35
Debt to Equity (x): 0.16x
Interest Coverage (x): 19.19x
: 2.69x
Revenue Growth %: -7.75%
Operating Profit Growth %: -5.10%
Net Profit Growth %: 10.16%
: 10.23%
P/E (x): 8.70x
P/B (x): 1.40x
Dividend Yield %: 3.28%
: 6.10x

Mar 2026

EPS (₹): 78.63
Book Value (₹): 503.62
Dividend per Share (₹): 12.50
Cash EPS (₹): 90.37
Operating Margin %: 20.63%
Net Margin %: 14.93%
ROE %: 16.77%
ROCE %: 18.54%
: 11.34%
Debtor Days: 23
Inventory Days: 100
Payable Days: 82
: 40
Debt to Equity (x): 0.34x
Interest Coverage (x): 16.54x
: 1.44x
Revenue Growth %: 10.21%
Operating Profit Growth %: 9.32%
Net Profit Growth %: 11.97%
: 12.03%
P/E (x): 15.29x
P/B (x): 2.39x
Dividend Yield %: 1.04%
: 11.28x

Shareholding Pattern

Numbers in percentages

TRADES

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	58.69	58.69	58.69	58.69	58.69	58.69	58.69	58.69
	3.10	4.04	3.81	3.40	3.69	3.35	3.87	3.59
	0.92	0.82	0.81	0.19	0.21	0.64	0.82	0.88
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	37.29	36.46	36.70	37.73	37.41	37.32	36.62	36.85

Sep 2024

: 58.69
: 3.10
: 0.92
Government: 0.00
: 37.29

Dec 2024

: 58.69
: 4.04
: 0.82
Government: 0.00
: 36.46

Mar 2025

: 58.69
: 3.81
: 0.81
Government: 0.00
: 36.70

Jun 2025

: 58.69
: 3.40
: 0.19
Government: 0.00
: 37.73

Sep 2025

: 58.69
: 3.69
: 0.21
Government: 0.00
: 37.41

Dec 2025

: 58.69
: 3.35
: 0.64
Government: 0.00
: 37.32

Mar 2026

: 58.69
: 3.87
: 0.82
Government: 0.00
: 36.62

Jun 2026

: 58.69
: 3.59
: 0.88
Government: 0.00
: 36.85

Documents

Announcements

Copy of Newspaper Publication
2026-08-12 - Indian Metals & Ferro Alloys Limited has informed the Exchange about Copy of Newspaper Publication of Postal Ballot Notice
General Updates
2026-08-12 - Indian Metals & Ferro Alloys Limited has informed the Exchange about General Updates

Annual Reports

Credit Ratings

Nothing filed yet.

Concalls

Aug 2026
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Feb 2026
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