Indian Metals & Ferro Alloys Ltd.
•₹ 1,383.8-2.68%
2026-08-21
ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Ferro Chrome: 98.8% • Other Operating Revenues: 1.1% • Low Density Aggregate: 0.1% • Fly Ash Bricks: 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 22.0%
- Latest quarter profit grew 109.3% YoY, showing strong momentum
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.06x)
- Working capital cycle has improved - days down from 170 to 65
- Company has a consistent dividend-paying track record
CONS
- Receivables are growing faster than sales - a possible quality concern
- Total debt has risen sharply - up 147.8% year on year
- Valuation is stretched - P/E of 15.3 is well above its own 5-year median (9.5)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| 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
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 575 | 501 | 521 | 515 | 497 | 516 | 580 | 538 | 604 | 716 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 12 | 13 | 9 | 11 | 12 | 20 | 18 | 17 | 21 | 17 | 21 | 7 | 12 |
| Interest | 9 | 9 | 9 | 6 | 5 | 6 | 9 | 11 | 8 | 9 | 10 | 12 | 13 |
| Depreciation | 25 | 26 | 15 | 13 | 14 | 13 | 14 | 14 | 15 | 15 | 15 | 18 | 23 |
| 149 | 124 | 144 | 118 | 155 | 171 | 123 | 63 | 124 | 132 | 160 | 136 | 257 | |
| Tax % | 26.06% | 27.16% | 25.16% | 52.65% | 27.68% | 26.29% | 24.39% | 25.56% | 26.40% | 25.16% | 18.52% | 24.20% | 25.44% |
| Net Profit | 110 | 90 | 108 | 56 | 112 | 126 | 93 | 47 | 91 | 99 | 131 | 103 | 191 |
| 20 | 17 | 20 | 10 | 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
- 9
- Depreciation
- 25
- 149
- Tax %
- 26.06%
- Net Profit
- 110
- 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
- 13
- Interest
- 9
- Depreciation
- 26
- 124
- Tax %
- 27.16%
- Net Profit
- 90
- 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
- 9
- Interest
- 9
- Depreciation
- 15
- 144
- Tax %
- 25.16%
- Net Profit
- 108
- 20
- Equity Capital
- 54
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 54
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 701
- 575
- Operating Profit
- —
- OPM %
- —
- Other Income
- 11
- Interest
- 6
- Depreciation
- 13
- 118
- Tax %
- 52.65%
- Net Profit
- 56
- 10
- 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
- 12
- Interest
- 5
- Depreciation
- 14
- 155
- Tax %
- 27.68%
- Net Profit
- 112
- 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
- 20
- Interest
- 6
- Depreciation
- 13
- 171
- Tax %
- 26.29%
- Net Profit
- 126
- 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
- 18
- Interest
- 9
- Depreciation
- 14
- 123
- Tax %
- 24.39%
- 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
- 11
- Depreciation
- 14
- 63
- Tax %
- 25.56%
- 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
- 21
- Interest
- 8
- Depreciation
- 15
- 124
- Tax %
- 26.40%
- Net Profit
- 91
- 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
- 17
- Interest
- 9
- Depreciation
- 15
- 132
- Tax %
- 25.16%
- Net Profit
- 99
- 18
- Equity Capital
- 54
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 54
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 703
- 538
- Operating Profit
- —
- OPM %
- —
- Other Income
- 21
- Interest
- 10
- Depreciation
- 15
- 160
- Tax %
- 18.52%
- 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
- 7
- Interest
- 12
- Depreciation
- 18
- 136
- Tax %
- 24.20%
- 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
- 716
- Operating Profit
- —
- OPM %
- —
- Other Income
- 12
- Interest
- 13
- Depreciation
- 23
- 257
- Tax %
- 25.44%
- Net Profit
- 191
- 4
- Equity Capital
- 54
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 54
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
| 1,157 | 1,342 | 1,353 | 1,523 | 1,516 | 1,799 | 2,188 | 2,173 | 2,034 | 2,239 | 2,439 | |
| Operating Profit | 565 | 461 | 301 | 111 | 395 | 829 | 514 | 650 | 597 | 654 | — |
| OPM % | 34 | 26 | 18 | 7 | 21 | 32 | 19 | 23 | 23 | 23 | — |
| Other Income | 49 | 37 | 20 | 22 | 67 | 25 | 26 | 42 | 67 | 67 | 58 |
| Interest | 86 | 78 | 96 | 99 | 64 | 62 | 68 | 37 | 31 | 38 | 43 |
| Depreciation | 109 | 101 | 98 | 104 | 104 | 110 | 107 | 78 | 55 | 63 | 72 |
| 370 | 282 | 30 | -94 | 227 | 657 | 323 | 534 | 512 | 553 | 686 | |
| Tax % | 32 | 34 | 63 | 27 | 27 | 23 | 30 | 32 | 26 | 23 | 24 |
| Net Profit | 250 | 187 | 11 | -69 | 167 | 508 | 226 | 364 | 378 | 424 | 524 |
| EPS | 95 | 69 | 4 | -25 | 31 | 94 | 42 | 67 | 70 | 79 | — |
| Dividend Payout % | 22 | 10 | 59 | 0 | 16 | 13 | 24 | 45 | 29 | 16 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 46 | 71 | 4 | -13 | 31 | 94 | 42 | 67 | 70 | 79 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 46 | 71 | 4 | -13 | 31 | 94 | 42 | 67 | 70 | 79 | — |
Mar 2017
- 1,672
- 1,157
- Operating Profit
- 565
- OPM %
- 34
- Other Income
- 49
- Interest
- 86
- Depreciation
- 109
- 370
- Tax %
- 32
- Net Profit
- 250
- 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
- 1,342
- Operating Profit
- 461
- OPM %
- 26
- Other Income
- 37
- Interest
- 78
- Depreciation
- 101
- 282
- Tax %
- 34
- Net Profit
- 187
- EPS
- 69
- Dividend Payout %
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 71
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 71
Mar 2019
- 1,634
- 1,353
- Operating Profit
- 301
- OPM %
- 18
- Other Income
- 20
- Interest
- 96
- Depreciation
- 98
- 30
- Tax %
- 63
- Net Profit
- 11
- EPS
- 4
- Dividend Payout %
- 59
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
Mar 2020
- 1,612
- 1,523
- Operating Profit
- 111
- OPM %
- 7
- Other Income
- 22
- Interest
- 99
- Depreciation
- 104
- -94
- Tax %
- 27
- Net Profit
- -69
- EPS
- -25
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -13
Mar 2021
- 1,844
- 1,516
- Operating Profit
- 395
- OPM %
- 21
- Other Income
- 67
- Interest
- 64
- Depreciation
- 104
- 227
- 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
- 1,799
- Operating Profit
- 829
- OPM %
- 32
- Other Income
- 25
- Interest
- 62
- Depreciation
- 110
- 657
- 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
- 514
- OPM %
- 19
- Other Income
- 26
- Interest
- 68
- Depreciation
- 107
- 323
- Tax %
- 30
- Net Profit
- 226
- EPS
- 42
- Dividend Payout %
- 24
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 42
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 42
Mar 2024
- 2,780
- 2,173
- Operating Profit
- 650
- OPM %
- 23
- Other Income
- 42
- Interest
- 37
- Depreciation
- 78
- 534
- Tax %
- 32
- Net Profit
- 364
- EPS
- 67
- Dividend Payout %
- 45
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 67
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 67
Mar 2025
- 2,565
- 2,034
- Operating Profit
- 597
- OPM %
- 23
- Other Income
- 67
- Interest
- 31
- Depreciation
- 55
- 512
- Tax %
- 26
- Net Profit
- 378
- EPS
- 70
- Dividend Payout %
- 29
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 70
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 70
Mar 2026
- 2,826
- 2,239
- Operating Profit
- 654
- OPM %
- 23
- Other Income
- 67
- Interest
- 38
- Depreciation
- 63
- 553
- Tax %
- 23
- Net Profit
- 424
- 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
- 2,439
- Operating Profit
- —
- OPM %
- —
- Other Income
- 58
- Interest
- 43
- Depreciation
- 72
- 686
- Tax %
- 24
- Net Profit
- 524
- 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:
- 18%
- Last Year:
- 17%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 |
| 1,016 | 1,169 | 1,130 | 1,042 | 1,200 | 1,647 | 1,805 | 2,025 | 2,268 | 2,638 | |
| 308 | 307 | 381 | 357 | 371 | 467 | 316 | 219 | 372 | 627 | |
| Trade Payables | 118 | 196 | 272 | 186 | 190 | 147 | 209 | 281 | 195 | 277 |
| 1,014 | 947 | 842 | 787 | 738 | 490 | 252 | 325 | 278 | 710 | |
| Total Liabilities | 2,484 | 2,632 | 2,638 | 2,398 | 2,525 | 2,805 | 2,636 | 2,905 | 3,168 | 4,306 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 1,005 | 990 | 967 | 1,010 | 952 | 912 | 960 | 975 | 1,028 | 1,549 | |
| Capital Work in Progress | 56 | 90 | 118 | 74 | 55 | 69 | 64 | 66 | 74 | 792 |
| 327 | 314 | 181 | 141 | 228 | 262 | 377 | 364 | 899 | 374 | |
| 340 | 428 | 545 | 432 | 445 | 622 | 647 | 712 | 736 | 815 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 137 | 113 | 239 | |
| Cash & Bank | 27 | 40 | 52 | 42 | 49 | 22 | 27 | 97 | 21 | 45 |
| 728 | 770 | 774 | 699 | 795 | 917 | 562 | 555 | 295 | 492 | |
| Total Assets | 2,484 | 2,632 | 2,638 | 2,398 | 2,525 | 2,805 | 2,636 | 2,905 | 3,168 | 4,306 |
| Total Debt | 941 | 853 | 796 | 697 | 664 | 476 | 321 | 221 | 373 | 924 |
| Net Working Capital | 450 | 503 | 348 | 205 | 414 | 525 | 725 | 998 | 1,203 | 503 |
| Contingent Liabilities | 148 | 163 | 158 | 190 | 203 | 500 | 470 | 195 | 233 | 54 |
| Book Value per Share | 386.66 | 905.14 | 874.98 | 396.03 | 454.67 | 315.21 | 344.49 | 385.35 | 430.37 | 498.84 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 941 | 853 | 796 | 697 | 664 | 476 | 321 | 221 | 373 | 924 |
| Net Working Capital | 450 | 503 | 348 | 205 | 414 | 525 | 725 | 998 | 1,203 | 503 |
| Contingent Liabilities | 148 | 163 | 158 | 190 | 203 | 500 | 470 | 195 | 233 | 54 |
| Book Value per Share | 386.66 | 905.14 | 874.98 | 396.03 | 454.67 | 315.21 | 344.49 | 385.35 | 430.37 | 498.84 |
| 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
- 1,016
- 308
- Trade Payables
- 118
- 1,014
- Total Liabilities
- 2,484
- 1,005
- Capital Work in Progress
- 56
- 327
- 340
- 0
- Cash & Bank
- 27
- 728
- Total Assets
- 2,484
- Total Debt
- 941
- Net Working Capital
- 450
- Contingent Liabilities
- 148
- Book Value per Share
- 386.66
- Face Value
- 10.00
- Total Debt
- 941
- Net Working Capital
- 450
- Contingent Liabilities
- 148
- Book Value per Share
- 386.66
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 13
- 1,169
- 307
- Trade Payables
- 196
- 947
- Total Liabilities
- 2,632
- 990
- Capital Work in Progress
- 90
- 314
- 428
- 0
- Cash & Bank
- 40
- 770
- Total Assets
- 2,632
- Total Debt
- 853
- Net Working Capital
- 503
- Contingent Liabilities
- 163
- Book Value per Share
- 905.14
- Face Value
- 10.00
- Total Debt
- 853
- Net Working Capital
- 503
- Contingent Liabilities
- 163
- Book Value per Share
- 905.14
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 13
- 1,130
- 381
- Trade Payables
- 272
- 842
- Total Liabilities
- 2,638
- 967
- Capital Work in Progress
- 118
- 181
- 545
- 0
- Cash & Bank
- 52
- 774
- Total Assets
- 2,638
- Total Debt
- 796
- Net Working Capital
- 348
- Contingent Liabilities
- 158
- Book Value per Share
- 874.98
- Face Value
- 10.00
- Total Debt
- 796
- Net Working Capital
- 348
- Contingent Liabilities
- 158
- Book Value per Share
- 874.98
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 27
- 1,042
- 357
- Trade Payables
- 186
- 787
- Total Liabilities
- 2,398
- 1,010
- Capital Work in Progress
- 74
- 141
- 432
- 0
- Cash & Bank
- 42
- 699
- Total Assets
- 2,398
- Total Debt
- 697
- Net Working Capital
- 205
- Contingent Liabilities
- 190
- Book Value per Share
- 396.03
- Face Value
- 10.00
- Total Debt
- 697
- Net Working Capital
- 205
- Contingent Liabilities
- 190
- Book Value per Share
- 396.03
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 27
- 1,200
- 371
- Trade Payables
- 190
- 738
- Total Liabilities
- 2,525
- 952
- Capital Work in Progress
- 55
- 228
- 445
- 0
- Cash & Bank
- 49
- 795
- Total Assets
- 2,525
- Total Debt
- 664
- Net Working Capital
- 414
- Contingent Liabilities
- 203
- Book Value per Share
- 454.67
- Face Value
- 10.00
- Total Debt
- 664
- Net Working Capital
- 414
- Contingent Liabilities
- 203
- Book Value per Share
- 454.67
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 54
- 1,647
- 467
- Trade Payables
- 147
- 490
- Total Liabilities
- 2,805
- 912
- Capital Work in Progress
- 69
- 262
- 622
- 0
- Cash & Bank
- 22
- 917
- Total Assets
- 2,805
- Total Debt
- 476
- Net Working Capital
- 525
- Contingent Liabilities
- 500
- Book Value per Share
- 315.21
- Face Value
- 10.00
- Total Debt
- 476
- Net Working Capital
- 525
- Contingent Liabilities
- 500
- Book Value per Share
- 315.21
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 54
- 1,805
- 316
- Trade Payables
- 209
- 252
- Total Liabilities
- 2,636
- 960
- Capital Work in Progress
- 64
- 377
- 647
- 0
- Cash & Bank
- 27
- 562
- Total Assets
- 2,636
- Total Debt
- 321
- Net Working Capital
- 725
- Contingent Liabilities
- 470
- Book Value per Share
- 344.49
- Face Value
- 10.00
- Total Debt
- 321
- Net Working Capital
- 725
- Contingent Liabilities
- 470
- Book Value per Share
- 344.49
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 54
- 2,025
- 219
- Trade Payables
- 281
- 325
- Total Liabilities
- 2,905
- 975
- Capital Work in Progress
- 66
- 364
- 712
- 137
- Cash & Bank
- 97
- 555
- Total Assets
- 2,905
- Total Debt
- 221
- Net Working Capital
- 998
- Contingent Liabilities
- 195
- Book Value per Share
- 385.35
- Face Value
- 10.00
- Total Debt
- 221
- Net Working Capital
- 998
- Contingent Liabilities
- 195
- Book Value per Share
- 385.35
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 54
- 2,268
- 372
- Trade Payables
- 195
- 278
- Total Liabilities
- 3,168
- 1,028
- Capital Work in Progress
- 74
- 899
- 736
- 113
- Cash & Bank
- 21
- 295
- Total Assets
- 3,168
- Total Debt
- 373
- Net Working Capital
- 1,203
- Contingent Liabilities
- 233
- Book Value per Share
- 430.37
- Face Value
- 10.00
- Total Debt
- 373
- Net Working Capital
- 1,203
- Contingent Liabilities
- 233
- Book Value per Share
- 430.37
- Face Value
- 10.00
Mar 2026
- Equity Capital
- 54
- 2,638
- 627
- Trade Payables
- 277
- 710
- Total Liabilities
- 4,306
- 1,549
- Capital Work in Progress
- 792
- 374
- 815
- 239
- Cash & Bank
- 45
- 492
- Total Assets
- 4,306
- Total Debt
- 924
- Net Working Capital
- 503
- Contingent Liabilities
- 54
- Book Value per Share
- 498.84
- Face Value
- 10.00
- Total Debt
- 924
- Net Working Capital
- 503
- Contingent Liabilities
- 54
- Book Value per Share
- 498.84
- Face Value
- 10.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 423 | 290 | 228 | 225 | 207 | 389 | 518 | 332 | 586 | 319 | |
| Cash from Investing | -248 | -86 | -26 | -51 | -103 | -105 | -222 | -75 | -560 | -753 |
| Cash from Financing | -174 | -193 | -205 | -184 | -101 | -283 | -296 | -212 | -71 | 459 |
| 2 | 11 | -2 | -11 | 2 | 0 | 1 | 44 | -44 | 25 | |
| Free Cash Flow | 381 | 172 | 127 | 124 | 183 | 306 | 384 | 243 | 477 | -973 |
| OCF / Net Profit | 1.69 | 1.55 | 20.69 | -3.28 | 1.24 | 0.76 | 2.30 | 0.91 | 1.55 | 0.75 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 986 | 911 | 1,123 | 1,239 | 1,592 | 436 |
| OCF / Net Profit | 1.69 | 1.55 | 20.69 | -3.28 | 1.24 | 0.76 | 2.30 | 0.91 | 1.55 | 0.75 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 986 | 911 | 1,123 | 1,239 | 1,592 | 436 |
Mar 2017
- 423
- Cash from Investing
- -248
- Cash from Financing
- -174
- 2
- Free Cash Flow
- 381
- OCF / Net Profit
- 1.69
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.69
- Cumulative 5-Year FCF
- 0
Mar 2018
- 290
- Cash from Investing
- -86
- Cash from Financing
- -193
- 11
- Free Cash Flow
- 172
- OCF / Net Profit
- 1.55
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.55
- Cumulative 5-Year FCF
- 0
Mar 2019
- 228
- Cash from Investing
- -26
- Cash from Financing
- -205
- -2
- Free Cash Flow
- 127
- OCF / Net Profit
- 20.69
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 20.69
- Cumulative 5-Year FCF
- 0
Mar 2020
- 225
- Cash from Investing
- -51
- Cash from Financing
- -184
- -11
- Free Cash Flow
- 124
- OCF / Net Profit
- -3.28
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -3.28
- Cumulative 5-Year FCF
- 0
Mar 2021
- 207
- Cash from Investing
- -103
- Cash from Financing
- -101
- 2
- Free Cash Flow
- 183
- OCF / Net Profit
- 1.24
- Cumulative 5-Year FCF
- 986
- OCF / Net Profit
- 1.24
- Cumulative 5-Year FCF
- 986
Mar 2022
- 389
- Cash from Investing
- -105
- Cash from Financing
- -283
- 0
- Free Cash Flow
- 306
- OCF / Net Profit
- 0.76
- Cumulative 5-Year FCF
- 911
- OCF / Net Profit
- 0.76
- Cumulative 5-Year FCF
- 911
Mar 2023
- 518
- Cash from Investing
- -222
- Cash from Financing
- -296
- 1
- Free Cash Flow
- 384
- OCF / Net Profit
- 2.30
- Cumulative 5-Year FCF
- 1,123
- OCF / Net Profit
- 2.30
- Cumulative 5-Year FCF
- 1,123
Mar 2024
- 332
- Cash from Investing
- -75
- Cash from Financing
- -212
- 44
- Free Cash Flow
- 243
- OCF / Net Profit
- 0.91
- Cumulative 5-Year FCF
- 1,239
- OCF / Net Profit
- 0.91
- Cumulative 5-Year FCF
- 1,239
Mar 2025
- 586
- Cash from Investing
- -560
- Cash from Financing
- -71
- -44
- Free Cash Flow
- 477
- OCF / Net Profit
- 1.55
- Cumulative 5-Year FCF
- 1,592
- OCF / Net Profit
- 1.55
- Cumulative 5-Year FCF
- 1,592
Mar 2026
- 319
- Cash from Investing
- -753
- Cash from Financing
- 459
- 25
- Free Cash Flow
- -973
- OCF / Net Profit
- 0.75
- Cumulative 5-Year FCF
- 436
- OCF / Net Profit
- 0.75
- Cumulative 5-Year FCF
- 436
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 92.60 | 142.89 | 8.45 | -25.40 | 61.80 | 94.12 | 41.83 | 67.40 | 70.07 | 78.64 |
| Book Value (₹) | 386.66 | 905.14 | 874.98 | 396.03 | 454.67 | 315.21 | 344.49 | 385.35 | 430.37 | 498.84 |
| 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 (₹) | 66.44 | 110.04 | 41.81 | 6.61 | 50.22 | 114.55 | 61.71 | 81.86 | 80.19 | 90.31 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 33.27% | 26.06% | 18.39% | 6.91% | 21.43% | 31.84% | 19.22% | 21.69% | 20.53% | 20.64% |
| Net Margin % | 14.72% | 10.55% | 0.68% | -4.25% | 9.04% | 19.51% | 8.43% | 12.98% | 14.63% | 14.91% |
| ROE % | 26.98% | 16.77% | 0.95% | -6.20% | 14.53% | 34.70% | 12.68% | 18.47% | 17.18% | 16.93% |
| ROCE % | 23.95% | 17.86% | 6.32% | 0.29% | 15.92% | 35.33% | 17.97% | 25.52% | 21.73% | 18.73% |
| 10.46% | 7.30% | 0.42% | -2.72% | 6.78% | 19.06% | 8.30% | 13.13% | 12.45% | 11.36% | |
| 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) | 0.90x | 0.72x | 0.70x | 0.65x | 0.54x | 0.28x | 0.17x | 0.11x | 0.16x | 0.34x |
| Interest Coverage (x) | 5.28x | 4.60x | 1.31x | 0.05x | 4.58x | 11.68x | 5.72x | 15.30x | 17.73x | 15.59x |
| 1.78x | 1.79x | 1.42x | 1.28x | 1.56x | 1.61x | 2.09x | 2.39x | 2.67x | 1.42x | |
| 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 % | 304.79% | -18.36% | -34.82% | -62.94% | 254.89% | 109.72% | -37.93% | 26.31% | -8.09% | 9.50% |
| Net Profit Growth % | 658.53% | -25.30% | -94.08% | -720.65% | 343.36% | 204.57% | -55.55% | 61.12% | 3.96% | 12.24% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 61.12% | 3.96% | 12.24% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 9.50x | 8.71x | 15.29x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 1.66x | 1.42x | 2.41x |
| 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 | 5.51x | 6.10x | 11.26x |
Mar 2017
- EPS (₹)
- 92.60
- Book Value (₹)
- 386.66
- Dividend per Share (₹)
- 20.00
- Cash EPS (₹)
- 66.44
- Operating Margin %
- 33.27%
- Net Margin %
- 14.72%
- ROE %
- 26.98%
- ROCE %
- 23.95%
- 10.46%
- Debtor Days
- 9
- Inventory Days
- 72
- Payable Days
- 66
- 15
- Debt to Equity (x)
- 0.90x
- Interest Coverage (x)
- 5.28x
- 1.78x
- Revenue Growth %
- 38.06%
- Operating Profit Growth %
- 304.79%
- Net Profit Growth %
- 658.53%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 142.89
- Book Value (₹)
- 905.14
- Dividend per Share (₹)
- 15.00
- Cash EPS (₹)
- 110.04
- Operating Margin %
- 26.06%
- Net Margin %
- 10.55%
- ROE %
- 16.77%
- ROCE %
- 17.86%
- 7.30%
- Debtor Days
- 14
- Inventory Days
- 79
- Payable Days
- 71
- 22
- Debt to Equity (x)
- 0.72x
- Interest Coverage (x)
- 4.60x
- 1.79x
- Revenue Growth %
- 5.58%
- Operating Profit Growth %
- -18.36%
- Net Profit Growth %
- -25.30%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 8.45
- Book Value (₹)
- 874.98
- Dividend per Share (₹)
- 5.00
- Cash EPS (₹)
- 41.81
- Operating Margin %
- 18.39%
- Net Margin %
- 0.68%
- ROE %
- 0.95%
- ROCE %
- 6.32%
- 0.42%
- Debtor Days
- 13
- Inventory Days
- 109
- Payable Days
- 110
- 11
- Debt to Equity (x)
- 0.70x
- Interest Coverage (x)
- 1.31x
- 1.42x
- Revenue Growth %
- -7.47%
- Operating Profit Growth %
- -34.82%
- Net Profit Growth %
- -94.08%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- -25.40
- Book Value (₹)
- 396.03
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 6.61
- Operating Margin %
- 6.91%
- Net Margin %
- -4.25%
- ROE %
- -6.20%
- ROCE %
- 0.29%
- -2.72%
- Debtor Days
- 9
- Inventory Days
- 111
- Payable Days
- 89
- 31
- Debt to Equity (x)
- 0.65x
- Interest Coverage (x)
- 0.05x
- 1.28x
- Revenue Growth %
- -1.34%
- Operating Profit Growth %
- -62.94%
- Net Profit Growth %
- -720.65%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 61.80
- Book Value (₹)
- 454.67
- Dividend per Share (₹)
- 10.00
- Cash EPS (₹)
- 50.22
- Operating Margin %
- 21.43%
- Net Margin %
- 9.04%
- ROE %
- 14.53%
- ROCE %
- 15.92%
- 6.78%
- Debtor Days
- 12
- Inventory Days
- 87
- Payable Days
- 73
- 26
- Debt to Equity (x)
- 0.54x
- Interest Coverage (x)
- 4.58x
- 1.56x
- Revenue Growth %
- 14.41%
- Operating Profit Growth %
- 254.89%
- Net Profit Growth %
- 343.36%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 94.12
- Book Value (₹)
- 315.21
- Dividend per Share (₹)
- 12.50
- Cash EPS (₹)
- 114.55
- Operating Margin %
- 31.84%
- Net Margin %
- 19.51%
- ROE %
- 34.70%
- ROCE %
- 35.33%
- 19.06%
- Debtor Days
- 16
- Inventory Days
- 75
- Payable Days
- 56
- 35
- Debt to Equity (x)
- 0.28x
- Interest Coverage (x)
- 11.68x
- 1.61x
- Revenue Growth %
- 41.14%
- Operating Profit Growth %
- 109.72%
- Net Profit Growth %
- 204.57%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 41.83
- Book Value (₹)
- 344.49
- Dividend per Share (₹)
- 10.00
- Cash EPS (₹)
- 61.71
- Operating Margin %
- 19.22%
- Net Margin %
- 8.43%
- ROE %
- 12.68%
- ROCE %
- 17.97%
- 8.30%
- Debtor Days
- 15
- Inventory Days
- 87
- Payable Days
- 45
- 57
- Debt to Equity (x)
- 0.17x
- Interest Coverage (x)
- 5.72x
- 2.09x
- Revenue Growth %
- 2.82%
- Operating Profit Growth %
- -37.93%
- Net Profit Growth %
- -55.55%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 67.40
- Book Value (₹)
- 385.35
- Dividend per Share (₹)
- 30.00
- Cash EPS (₹)
- 81.86
- Operating Margin %
- 21.69%
- Net Margin %
- 12.98%
- ROE %
- 18.47%
- ROCE %
- 25.52%
- 13.13%
- Debtor Days
- 15
- Inventory Days
- 89
- Payable Days
- 77
- 26
- Debt to Equity (x)
- 0.11x
- Interest Coverage (x)
- 15.30x
- 2.39x
- Revenue Growth %
- 3.88%
- Operating Profit Growth %
- 26.31%
- Net Profit Growth %
- 61.12%
- 61.12%
- P/E (x)
- 9.50x
- P/B (x)
- 1.66x
- Dividend Yield %
- 4.69%
- 5.51x
Mar 2025
- EPS (₹)
- 70.07
- Book Value (₹)
- 430.37
- Dividend per Share (₹)
- 20.00
- Cash EPS (₹)
- 80.19
- Operating Margin %
- 20.53%
- Net Margin %
- 14.63%
- ROE %
- 17.18%
- ROCE %
- 21.73%
- 12.45%
- Debtor Days
- 18
- Inventory Days
- 102
- Payable Days
- 85
- 35
- Debt to Equity (x)
- 0.16x
- Interest Coverage (x)
- 17.73x
- 2.67x
- Revenue Growth %
- -7.75%
- Operating Profit Growth %
- -8.09%
- Net Profit Growth %
- 3.96%
- 3.96%
- P/E (x)
- 8.71x
- P/B (x)
- 1.42x
- Dividend Yield %
- 3.28%
- 6.10x
Mar 2026
- EPS (₹)
- 78.64
- Book Value (₹)
- 498.84
- Dividend per Share (₹)
- 12.50
- Cash EPS (₹)
- 90.31
- Operating Margin %
- 20.64%
- Net Margin %
- 14.91%
- ROE %
- 16.93%
- ROCE %
- 18.73%
- 11.36%
- Debtor Days
- 23
- Inventory Days
- 100
- Payable Days
- 82
- 40
- Debt to Equity (x)
- 0.34x
- Interest Coverage (x)
- 15.59x
- 1.42x
- Revenue Growth %
- 10.21%
- Operating Profit Growth %
- 9.50%
- Net Profit Growth %
- 12.24%
- 12.24%
- P/E (x)
- 15.29x
- P/B (x)
- 2.41x
- Dividend Yield %
- 1.04%
- 11.26x
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
Jun 2026
Feb 2026