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Indian Metal & Ferro

₹854.5 -27.8 | 3.1%

Market Cap ₹4610 Cr.

Stock P/E 12.4

P/B 2

Current Price ₹854.5

Book Value ₹ 431.8

Face Value 10

52W High ₹998.4

Dividend Yield 3.51%

52W Low ₹ 512.4

Indian Metal & Ferro Research see more...

Overview Inc. Year: 1961Industry: Ferro & Silica Manganese

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 based capacity and over 30 MW dual fuel unit, which operates on a mixture of coal and furnace gasoline. The Company's captive mines have an Environmental Clearance restriction of about 6.5 lakh tons/annum. Its plant are located at Therubali, Rayagada, Odisha, and Choudwar, Cuttack, Odisha. Its subsidiaries consist of IMFA Alloys Finlease Limited, Indmet Mining Pte Ltd and Indian Metals And Carbides Limited.

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Indian Metal & Ferro Share Price

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Price

Quarterly Price

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Indian Metal & Ferro Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Indian Metal & Ferro Profit & Loss

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Net Sales 1318 1345 1211 1672 1766 1634 1612 1844 2603 2676 2780
Other Income 17 19 16 48 36 19 21 65 24 24 42
Total Income 1335 1363 1227 1720 1802 1653 1633 1909 2627 2701 2822
Total Expenditure 1031 1104 1088 1159 1343 1361 1523 1516 1800 2188 2193
Operating Profit 304 259 139 562 459 292 110 394 827 513 629
Interest 105 106 81 83 75 94 97 61 59 66 35
Depreciation 149 122 114 109 101 98 104 104 110 107 78
Exceptional Income / Expenses 0 -5 -17 0 0 -81 0 0 0 -16 0
Profit Before Tax 50 26 -73 369 283 19 -91 228 658 324 516
Provision for Tax 15 22 -30 121 96 20 -25 61 150 98 144
Profit After Tax 35 4 -44 249 187 -1 -66 167 508 226 372
Adjustments -0 -0 -0 0 -0 -0 -1 -0 -0 -1 22
Profit After Adjustments 35 4 -44 249 186 -1 -66 167 507 225 395
Adjusted Earnings Per Share 6.7 0.7 -8.5 46.1 71.2 -0.4 -12.3 30.9 94 41.7 73.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 4% 15% 11% 8%
Operating Profit CAGR 23% 17% 17% 8%
PAT CAGR 65% 31% 0% 27%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 67% 31% 49% 23%
ROE Average 19% 22% 15% 11%
ROCE Average 25% 26% 19% 14%

Indian Metal & Ferro Balance Sheet

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Shareholder's Funds 881 881 833 1064 1216 1170 1084 1242 1715 1873 2120
Minority's Interest 31 31 31 31 30 30 31 30 30 30 8
Borrowings 790 782 705 602 516 385 340 294 9 5 0
Other Non-Current Liabilities 194 413 204 231 249 240 222 234 208 80 55
Total Current Liabilities 710 621 621 577 640 829 737 741 858 665 649
Total Liabilities 2606 2729 2394 2504 2652 2655 2414 2541 2821 2654 2832
Fixed Assets 1341 1372 1330 1264 1245 1166 1205 1145 1101 980 975
Other Non-Current Assets 352 639 490 464 514 568 523 496 591 172 197
Total Current Assets 913 718 574 776 893 921 686 901 1129 1502 1660
Total Assets 2606 2729 2394 2504 2652 2655 2414 2541 2821 2654 2832

Indian Metal & Ferro Cash Flow

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Opening Cash & Cash Equivalents 74 31 50 6 8 18 16 5 7 7 8
Cash Flow from Operating Activities 226 174 218 485 290 217 221 207 390 151 512
Cash Flow from Investing Activities -108 -44 -102 -161 -88 -31 -50 -106 -106 140 -209
Cash Flow from Financing Activities -162 -113 -161 -322 -191 -187 -182 -99 -284 -291 -259
Net Cash Inflow / Outflow -44 18 -45 2 10 -2 -11 2 -0 1 44
Closing Cash & Cash Equivalent 31 50 6 7 18 16 5 7 7 8 52

Indian Metal & Ferro Ratios

# Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Earnings Per Share (Rs) 6.72 0.71 -8.47 46.13 71.25 -0.39 -12.32 30.87 94 41.75 73.12
CEPS(Rs) 35.4 24.27 13.55 66.23 110 37.36 7.09 50.26 114.51 61.72 83.47
DPS(Rs) 1.5 0.75 0 10 7.5 2.5 0 5 12.5 10 30
Book NAV/Share(Rs) 169.57 169.62 160.3 197.19 460.23 442.68 200.87 230.14 317.89 347.09 392.9
Core EBITDA Margin(%) 21.44 17.56 10.03 30.26 23.89 16.68 5.51 17.82 30.85 18.25 21.11
EBIT Margin(%) 11.58 9.64 0.61 26.69 20.24 6.9 0.37 15.69 27.53 14.56 19.82
Pre Tax Margin(%) 3.73 1.93 -5.97 21.77 15.98 1.17 -5.63 12.39 25.27 12.1 18.56
PAT Margin (%) 2.61 0.3 -3.56 14.65 10.54 -0.04 -4.09 9.05 19.5 8.44 13.39
Cash Profit Margin (%) 13.74 9.2 5.74 21.06 16.24 5.97 2.37 14.71 23.74 12.44 16.2
ROA(%) 1.37 0.16 -1.71 10.16 7.24 -0.02 -2.6 6.74 18.93 8.25 13.58
ROE(%) 4.04 0.47 -5.1 26.22 16.46 -0.05 -5.89 14.36 34.34 12.58 18.65
ROCE(%) 7.92 6.57 0.38 23.43 17.86 5.68 0.32 15.7 34.97 17.78 24.59
Receivable days 14.05 14.63 10.1 8.76 13.61 12.88 9.37 12.36 16.32 15.43 11.18
Inventory Days 94.28 103.53 109.51 72.16 79.24 108.69 110.55 86.77 74.85 86.58 89.23
Payable days 83.08 85.25 81.99 66.35 71.01 110.25 88.79 73.11 55.89 44.51 55.53
PER(x) 18.99 108.08 0 8.32 3.01 0 0 7.32 4.41 6.8 8.75
Price/Book(x) 0.75 0.45 0.35 1.95 0.47 0.29 0.28 0.98 1.3 0.82 1.63
Dividend Yield(%) 1.18 0.98 0 2.61 3.49 1.92 0 2.21 3.02 3.52 4.69
EV/Net Sales(x) 1.3 1.1 1.06 1.76 0.76 0.64 0.6 0.99 1.03 0.68 1.27
EV/Core EBITDA(x) 5.64 5.73 9.3 5.24 2.91 3.6 8.72 4.66 3.25 3.55 5.6
Net Sales Growth(%) 3.5 2.04 -9.93 38.06 5.58 -7.47 -1.34 14.41 41.14 2.82 3.88
EBIT Growth(%) -9.7 -14.82 -94.33 5947 -20.92 -68.51 -94.77 4805.25 147.61 -45.6 41.37
PAT Growth(%) -33.85 -88.12 -1152.29 669.5 -25 -100.31 0 353.12 204.05 -55.53 64.93
EPS Growth(%) -33.89 -89.46 -1296.37 644.43 54.44 -100.55 -3055.47 350.49 204.56 -55.59 75.14
Debt/Equity(x) 1.23 1.33 1.27 0.85 0.68 0.66 0.64 0.54 0.28 0.17 0.08
Current Ratio(x) 1.29 1.16 0.92 1.35 1.4 1.11 0.93 1.22 1.32 2.26 2.56
Quick Ratio(x) 0.76 0.5 0.39 0.76 0.73 0.45 0.34 0.61 0.59 1.28 1.46
Interest Cover(x) 1.47 1.25 0.09 5.43 4.75 1.2 0.06 4.75 12.15 5.91 15.77
Total Debt/Mcap(x) 1.64 2.95 3.68 0.44 0.71 1.09 2.28 0.54 0.21 0.21 0.05

Indian Metal & Ferro Shareholding Pattern

# Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
Promoter 58.69 58.69 58.69 58.69 58.69 58.69 58.69 58.69 58.69 58.69
FII 1.32 1.26 1.41 1.68 2.48 2.93 2.87 2.89 3.1 4.03
DII 0.01 0.01 0.01 0.09 0.09 0.09 0.1 1.35 0.92 0.82
Public 39.98 40.05 39.9 39.55 38.75 38.29 38.34 37.07 37.29 36.46
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 22%
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Debtor days have increased from 44.51 to 55.53days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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