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Indian Metal & Ferro Overview

Indian Metals and Ferro Alloys Ltd is a holding company. The Company is a manufacturer of ferro chrome/ferro alloys. The Company operates thru 2 segments: Ferro Alloys and Power. The Company's products consists of ferro silicon, power and fly ash bricks. The Company's ferro chrome output is exported to China, Korea, Japan and Taiwan in the Far East. The Company produces about 275,000 tons/annum of ferro chrome. The Company's captive electricity technology capability is over 258 megawatts (MW) consisting of approximately 228 MW coal-primarily ba...Read More

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Indian Metal & Ferro Key Financials

Market Cap ₹6673 Cr.

Stock P/E 17.6

P/B 2.5

Current Price ₹1236.7

Book Value ₹ 489.6

Face Value 10

52W High ₹1511.1

Dividend Yield 1.62%

52W Low ₹ 550.9

Indian Metal & Ferro Share Price

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Volume
Price

Indian Metal & Ferro Quarterly Price

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Indian Metal & Ferro Peer Comparison

Indian Metal & Ferro Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 693 685 701 662 692 643 567 642 719 703
Other Income 12 10 11 13 19 17 17 22 16 22
Total Income 704 695 712 675 711 660 584 664 734 725
Total Expenditure 547 526 596 501 521 515 497 516 580 539
Operating Profit 157 169 116 175 190 145 88 147 154 186
Interest 9 8 5 4 6 8 10 7 8 9
Depreciation 26 15 13 14 13 14 14 15 15 15
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 123 146 98 157 170 123 64 126 131 161
Provision for Tax 34 37 62 43 45 30 16 33 33 30
Profit After Tax 89 109 36 113 125 93 47 93 98 131
Adjustments -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
Profit After Adjustments 89 109 35 113 125 93 47 92 97 131
Adjusted Earnings Per Share 16.5 20.1 6.5 21 23.2 17.3 8.8 17.1 18.1 24.3

Indian Metal & Ferro Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 1345 1211 1672 1766 1634 1612 1844 2603 2676 2780 2565 2631
Other Income 19 16 48 36 19 21 65 24 24 42 66 77
Total Income 1363 1227 1720 1802 1653 1633 1909 2627 2701 2822 2631 2707
Total Expenditure 1104 1088 1159 1343 1361 1523 1516 1800 2188 2193 2034 2132
Operating Profit 259 139 562 459 292 110 394 827 513 629 597 575
Interest 106 81 83 75 94 97 61 59 66 35 28 34
Depreciation 122 114 109 101 98 104 104 110 107 78 55 59
Exceptional Income / Expenses -5 -17 0 0 -81 0 0 0 -16 0 0 0
Profit Before Tax 26 -73 369 283 19 -91 228 658 324 516 514 482
Provision for Tax 22 -30 121 96 20 -25 61 150 98 172 135 112
Profit After Tax 4 -44 249 187 -1 -66 167 508 226 344 379 369
Adjustments -0 -0 0 -0 -0 -1 -0 -0 -1 -1 -1 0
Profit After Adjustments 4 -44 249 186 -1 -66 167 507 225 344 379 367
Adjusted Earnings Per Share 0.7 -8.5 46.1 71.2 -0.4 -12.3 30.9 94 41.7 63.7 70.2 68.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -8% -0% 10% 7%
Operating Profit CAGR -5% -10% 40% 9%
PAT CAGR 10% -9% 0% 58%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 96% 59% 40% 35%
ROE Average 17% 16% 19% 12%
ROCE Average 22% 21% 23% 15%

Indian Metal & Ferro Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 881 833 1064 1216 1170 1084 1242 1715 1873 2105 2348
Minority's Interest 31 31 31 30 30 31 30 30 30 9 9
Borrowings 782 705 602 516 385 340 294 9 5 0 0
Other Non-Current Liabilities 413 204 231 249 240 222 234 208 80 83 102
Total Current Liabilities 621 621 577 640 829 737 741 858 665 716 719
Total Liabilities 2729 2394 2504 2652 2655 2414 2541 2821 2654 2913 3177
Fixed Assets 1372 1330 1264 1245 1166 1205 1145 1101 980 975 1028
Other Non-Current Assets 639 490 464 514 568 523 496 591 172 212 214
Total Current Assets 718 574 776 893 921 686 901 1129 1502 1726 1935
Total Assets 2729 2394 2504 2652 2655 2414 2541 2821 2654 2913 3177

Indian Metal & Ferro Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 31 50 6 8 18 16 5 7 7 8 52
Cash Flow from Operating Activities 174 218 485 290 217 221 207 390 151 460 585
Cash Flow from Investing Activities -44 -102 -161 -88 -31 -50 -106 -106 140 -209 -562
Cash Flow from Financing Activities -113 -161 -322 -191 -187 -182 -99 -284 -291 -207 -68
Net Cash Inflow / Outflow 18 -45 2 10 -2 -11 2 -0 1 44 -45
Closing Cash & Cash Equivalent 50 6 7 18 16 5 7 7 8 52 7

Indian Metal & Ferro Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.71 -8.47 46.13 71.25 -0.39 -12.32 30.87 94 41.75 63.67 70.19
CEPS(Rs) 24.27 13.55 66.23 110 37.36 7.09 50.26 114.51 61.72 78.27 80.42
DPS(Rs) 0.75 0 10 7.5 2.5 0 5 12.5 10 30 20
Book NAV/Share(Rs) 169.62 160.3 197.19 460.23 442.68 200.87 230.14 317.89 347.09 390.04 435.18
Core EBITDA Margin(%) 17.56 10.03 30.26 23.89 16.68 5.51 17.82 30.85 18.25 20.95 20.53
EBIT Margin(%) 9.64 0.61 26.69 20.24 6.9 0.37 15.69 27.53 14.56 19.67 20.99
Pre Tax Margin(%) 1.93 -5.97 21.77 15.98 1.17 -5.63 12.39 25.27 12.1 18.42 19.9
PAT Margin (%) 0.3 -3.56 14.65 10.54 -0.04 -4.09 9.05 19.5 8.44 12.29 14.68
Cash Profit Margin (%) 9.2 5.74 21.06 16.24 5.97 2.37 14.71 23.74 12.44 15.08 16.79
ROA(%) 0.16 -1.71 10.16 7.24 -0.02 -2.6 6.74 18.93 8.25 12.37 12.46
ROE(%) 0.47 -5.1 26.22 16.46 -0.05 -5.89 14.36 34.34 12.58 17.31 17.04
ROCE(%) 6.57 0.38 23.43 17.86 5.68 0.32 15.7 34.97 17.78 24.38 21.5
Receivable days 14.63 10.1 8.76 13.61 12.88 9.37 12.36 16.32 15.43 14.52 17.69
Inventory Days 103.53 109.51 72.16 79.24 108.69 110.55 86.77 74.85 86.58 88.55 102.27
Payable days 85.25 81.99 66.35 71.01 110.25 88.79 73.11 55.89 44.51 77.06 85.23
PER(x) 108.08 0 8.32 3.01 0 0 7.32 4.41 6.8 10.05 8.7
Price/Book(x) 0.45 0.35 1.95 0.47 0.29 0.28 0.98 1.3 0.82 1.64 1.4
Dividend Yield(%) 0.98 0 2.61 3.49 1.92 0 2.21 3.02 3.52 4.69 3.28
EV/Net Sales(x) 1.1 1.06 1.76 0.76 0.64 0.6 0.99 1.03 0.68 1.29 1.42
EV/Core EBITDA(x) 5.73 9.3 5.24 2.91 3.6 8.72 4.66 3.25 3.55 5.69 6.1
Net Sales Growth(%) 2.04 -9.93 38.06 5.58 -7.47 -1.34 14.41 41.14 2.82 3.88 -7.75
EBIT Growth(%) -14.82 -94.33 5947 -20.92 -68.51 -94.77 4805.25 147.61 -45.6 41.37 -1.58
PAT Growth(%) -88.12 -1152.29 669.5 -25 -100.31 0 353.12 204.05 -55.53 52.51 10.16
EPS Growth(%) -89.46 -1296.37 644.43 54.44 -100.55 -3055.47 350.49 204.56 -55.59 52.52 10.23
Debt/Equity(x) 1.33 1.27 0.85 0.68 0.66 0.64 0.54 0.28 0.17 0.1 0.16
Current Ratio(x) 1.16 0.92 1.35 1.4 1.11 0.93 1.22 1.32 2.26 2.41 2.69
Quick Ratio(x) 0.5 0.39 0.76 0.73 0.45 0.34 0.61 0.59 1.28 1.42 1.67
Interest Cover(x) 1.25 0.09 5.43 4.75 1.2 0.06 4.75 12.15 5.91 15.77 19.19
Total Debt/Mcap(x) 2.95 3.68 0.44 0.71 1.09 2.28 0.54 0.21 0.21 0.06 0.11

Indian Metal & Ferro Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 58.69 58.69 58.69 58.69 58.69 58.69 58.69 58.69 58.69 58.69
FII 2.48 2.93 2.87 2.89 3.1 4.03 3.81 3.4 3.69 3.35
DII 0.09 0.09 0.1 1.35 0.92 0.82 0.81 0.18 0.22 0.64
Public 38.75 38.29 38.34 37.07 37.29 36.46 36.7 37.73 37.41 37.32
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Indian Metal & Ferro News

Indian Metal & Ferro Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Debtor days have increased from 77.06 to 85.23days.
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