āagman

Not investment advice. Data and computed figures, for information only.

Indian Metals & Ferro Alloys Ltd

NSE: IMFA
₹1,199.60
+₹11.50 (+0.97%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹6,380 Cr
CMP
₹1,199.60
52-wk High / Low
₹1,680 / 1,064
P/E
12.2
P/B
2.4
Book Value
₹504.0
Div Yield
1.06%
ROCE
18.0%
ROE
16.8%
Face Value
₹10
D/E
0.35

Price−2.3% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
4
/ 9
4 of 9 F-score tests passed
Graham Number
₹944
√(22.5 × EPS × book value per share)
ROIC
11.0%
vs 10.6% sector median
Cash flow to profit
0.75
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+980
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
14.6%
ROE × earnings retention ratio
ROE stability
6.0
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −0.99DII +0.02
Latest quarter vs the previous one
Cash-accrual divergence
2.9%
of assets
Low = accruals track cash flow
Strengths
+FII holding rose by 1.5pp over the last year
+PE of 12.2x is below the sector median of 19.8x
Watch-outs
−Price trades below its 200-day moving average (0.9x)
−Annualised volatility of 48.3% is in the high band (≥45%)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales702693685701662692643567642719703763960
Expenses529542526596501521515497516580539604679
Operating Profit17315015910516117012871125138164159281
OPM %24.6%21.6%23.2%15.0%24.3%24.6%19.9%12.5%19.5%19.2%23.3%20.8%29.3%
Other Income1012101113191717221622613
Interest81385468107891112
Depreciation25261513141314141515151823
Profit before tax1491231469815717012364126131161136258
Net Profit111891093611312593479398131103193
EPS (₹)20.4616.5320.146.5420.9523.1717.308.7717.1118.0724.3319.1335.65

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,3451,2111,6721,7661,6341,6121,8442,6032,6762,7802,5652,8263,145
Expenses1,1041,0881,1591,3331,3611,5231,5071,7932,1882,1932,0342,2382,402
Operating Profit24112351343227289338810488587531588743
OPM %17.9%10.2%30.7%24.5%16.6%5.5%18.3%31.1%18.2%21.1%20.7%20.8%23.6%
Other Income13−14827−62215017942666556
Interest106818375949755596635283641
Depreciation1221141091019810410411010778556372
Profit before tax26−7336928319−91228658324516514554687
Net Profit4−44249187−1−66167508226344379425525
EPS (₹)0.71−8.4746.1034.46−0.19−12.3130.8494.0141.7563.6870.1978.6497.18

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital262627272727275454545454—
Reserves8558071,0371,1891,1431,0571,2151,6611,8192,0512,2942,664—
Borrowings1,1281,060910822766713679490341237389958—
Other Liabilities539501530614719617620616440571441641—
Total Liabilities2,5482,3942,5042,6522,6552,4142,5412,8212,6542,9133,1774,317—
Fixed Assets1,3721,3301,2751,2561,1771,2161,1551,1119909971,0501,571—
CWIP193226236273304264248267707875794—
Investments0351611486933120155264372909383—
Other Assets9838038329741,1049011,0191,2901,3301,4661,1441,568—
Total Assets2,5482,3942,5042,6522,6552,4142,5412,8212,6542,9133,1774,317—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity174218485290217221207390151460585318
Cash from Investing Activity−43−101−162−88−31−49−106−106140−209−562−753
Cash from Financing Activity−113−161−322−191−187−182−99−284−291−207−68462
Net Cash Flow18−44210−2−1120144−4427

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %7.01.023.017.09.00.014.034.018.024.021.018.0
ROE %———————————16.8
EPS (₹)0.71−8.4746.1034.46−0.19−12.3130.8494.0141.7563.6870.1978.64
Book Value (₹)———————————504.0
Face Value (₹)———————————10
P/E———————————12.2
Div Yield %———————————1.06
NPM %0.3−3.614.510.4−0.1−4.08.819.48.412.214.414.7
OPM %18.010.031.024.017.06.018.031.018.021.021.021.0
D/E1.281.270.860.680.650.660.550.290.180.110.170.35
P/B———————————2.4

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+9.0%
5 years+9.0%
3 years+2.0%
TTM+24.0%
Compounded profit growth
10 years+32.0%
5 years+22.0%
3 years+22.0%
TTM+46.0%
Stock price CAGR
10 years+26.0%
5 years+25.0%
3 years+40.0%
Last year−4.0%
Return on equity
10 years15.0%
5 years19.0%
3 years17.0%
Last year17.0%

Shareholding pattern

As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters58.88%58.88%58.88%58.69%58.69%58.69%58.69%58.69%58.69%58.69%58.69%58.69%58.69%
FIIs0.13%0.13%0.13%1.29%0.17%0.58%0.36%1.07%1.40%2.88%3.81%3.87%2.88%
DIIs9.34%9.34%9.34%2.55%0.09%0.15%0.46%0.01%0.01%0.10%0.81%0.82%0.84%
Government—————————————
Public31.65%31.65%31.65%37.48%41.06%40.58%40.50%40.24%39.89%38.34%36.69%36.63%37.60%
No. of shareholders38,17538,17538,17541,68642,75137,83632,80741,05443,84047,63649,68852,98353,271
Change since Jun 2023 (pp)
Promoters −0.19FIIs +2.75DIIs −8.50Public +5.95

Documents

As of 11 Oct 2026
Announcements
Board Meeting Outcome for Intimation Regarding Resolution Passed By The Board By CirculationClosure of Trading WindowDisclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationShareholder Meeting / Postal Ballot-Scrutinizer"s Report
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingJun 2026TranscriptJun 2026PPTJun 2026RecordingFeb 2026TranscriptNov 2025TranscriptNov 2025RecordingAug 2025TranscriptAug 2025PPT

Corporate actions

As of 31 Jul 2026
31 Jul 2026DIVIDENDDividend - Rs 7.50 Per Share—
11 Nov 2025DIVIDENDInterim Dividend - Rs 5 Per Share—
25 Jul 2025DIVIDENDDividend - Rs 5 Per Share—
5 Feb 2025DIVIDENDInterim Dividend - Rs 5 Per Share—
14 Nov 2024DIVIDENDInterim Dividend - Rs 10 Per Share—
22 Jul 2024DIVIDENDAnnual General Meeting/Dividend - Rs 7.50 Per Share—
8 Apr 2024DIVIDENDSpecial Dividend - Rs 15 Per Share—
10 Nov 2023DIVIDENDInterim Dividend - Rs 7.50 Per Share—
21 Jul 2023DIVIDENDAnnual General Meeting/Dividend - Rs 5 Per Share—
3 Nov 2022DIVIDENDInterim Dividend- Rs 5 Per Share—
21 Jul 2022DIVIDENDAnnual General Meeting/Dividend - Rs 7.50 Per Share—
7 Jan 2022BONUSBonus 1:1—
8 Nov 2021DIVIDEND Interim Dividend - Rs 5 Per Share—
20 Jul 2021DIVIDEND Annual General Meeting/Dividend - Rs 7 Per Share—
17 Feb 2021DIVIDEND Interim Dividend - Rs 3 Per Share—
8 Jul 2019DIVIDEND Annual General Meeting/Dividend - Rs 5 Per Share—
9 Jul 2018DIVIDEND Annual General Meeting/Dividend Rs 10/- Per Share—
28 Mar 2018DIVIDEND Interim Dividend - Rs 5 Per Share (Record Date Updated)—
7 Jul 2017DIVIDEND Annual General Meeting/Dividend - Rs 10/- Per Share—
14 Feb 2017DIVIDEND Interim Dividend Rs 10/- Per Share (Purpose Revised)—
15 Jul 2015DIVIDENDAnnual General Meeting / Dividend - Rs 1.50/- Per Share—
11 Jul 2014DIVIDENDAnnual General Meeting / Dividend - Rs 3/- Per Share—
18 Jul 2013DIVIDENDAnnual General Meeting/Dividend Rs 5/- Per Share—
20 Jul 2012DIVIDENDAnnual General Meeting/Dividend Rs 5 Per Share—
8 Jul 2011DIVIDENDAnnual General Meeting And Dividend Rs.5/- Per Share—
11 Nov 2010DIVIDENDInterim Dividend - Rs.5/- Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman