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Indian Metal & Ferro

₹660 -2.8 | 0.4%

Market Cap ₹3561 Cr.

Stock P/E 9.6

P/B 1.7

Current Price ₹660

Book Value ₹ 399.5

Face Value 10

52W High ₹767

Dividend Yield 1.52%

52W Low ₹ 272.7

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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Quarterly Price

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Indian Metal & Ferro Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 653 655 757 743 672 624 637 702 693 685
Other Income 9 9 5 7 4 8 5 10 12 10
Total Income 662 664 761 750 677 632 642 712 704 695
Total Expenditure 420 449 568 526 614 565 498 529 547 526
Operating Profit 242 215 194 225 63 67 144 183 157 169
Interest 13 15 16 21 8 13 9 8 9 8
Depreciation 25 26 35 25 26 28 29 25 26 15
Exceptional Income / Expenses 0 0 0 0 0 -10 -6 0 0 0
Profit Before Tax 204 175 143 179 29 17 99 149 123 146
Provision for Tax 60 52 -0 45 13 6 35 39 34 37
Profit After Tax 144 122 143 134 16 11 64 111 89 109
Adjustments -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
Profit After Adjustments 144 122 143 134 16 11 64 110 89 109
Adjusted Earnings Per Share 26.6 22.6 26.4 24.8 3 2 11.9 20.5 16.5 20.1

Indian Metal & Ferro Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 1273 1318 1345 1211 1672 1766 1634 1612 1844 2603 2676 2717
Other Income 11 17 12 16 48 36 19 21 65 24 24 37
Total Income 1284 1335 1357 1227 1720 1802 1653 1633 1909 2627 2701 2753
Total Expenditure 1018 1031 1104 1088 1159 1343 1361 1523 1516 1800 2188 2100
Operating Profit 265 304 253 139 562 459 292 110 394 827 513 653
Interest 69 105 106 81 83 75 94 97 61 59 66 34
Depreciation 82 149 122 114 109 101 98 104 104 110 107 95
Exceptional Income / Expenses -12 0 1 -17 0 0 -81 0 0 0 -16 -6
Profit Before Tax 102 50 26 -73 369 283 19 -91 228 658 324 517
Provision for Tax 50 15 22 -30 121 96 20 -25 61 150 98 145
Profit After Tax 53 35 4 -44 249 187 -1 -66 167 508 226 373
Adjustments 0 -0 -0 -0 0 -0 -0 -1 -0 -0 -1 0
Profit After Adjustments 53 35 4 -44 249 186 -1 -66 167 507 225 372
Adjusted Earnings Per Share 10.2 6.7 0.7 -8.5 46.1 71.2 -0.4 -12.3 30.9 94 41.7 69

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 3% 18% 9% 8%
Operating Profit CAGR -38% 67% 2% 7%
PAT CAGR -56% 0% 4% 16%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 138% 40% 43% 18%
ROE Average 13% 20% 11% 9%
ROCE Average 18% 23% 15% 13%

Indian Metal & Ferro Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 850 881 881 833 1064 1216 1170 1084 1242 1715 1873
Minority's Interest 30 31 31 31 31 30 30 31 30 30 30
Borrowings 776 790 782 705 602 516 385 340 294 9 5
Other Non-Current Liabilities 167 194 413 204 231 249 240 222 234 208 80
Total Current Liabilities 516 710 621 621 577 640 829 737 741 858 665
Total Liabilities 2340 2606 2729 2394 2504 2652 2655 2414 2541 2821 2654
Fixed Assets 1233 1341 1372 1330 1264 1245 1166 1205 1145 1101 980
Other Non-Current Assets 444 352 622 490 464 514 568 523 496 591 172
Total Current Assets 663 913 718 574 776 893 921 686 901 1129 1502
Total Assets 2340 2606 2729 2394 2504 2652 2655 2414 2541 2821 2654

Indian Metal & Ferro Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 36 74 31 50 6 8 18 16 5 7 7
Cash Flow from Operating Activities 212 226 174 218 485 290 217 221 207 390 151
Cash Flow from Investing Activities -245 -108 -44 -102 -161 -88 -31 -50 -106 -106 140
Cash Flow from Financing Activities 70 -162 -113 -161 -322 -191 -187 -182 -99 -284 -291
Net Cash Inflow / Outflow 37 -44 18 -45 2 10 -2 -11 2 -0 1
Closing Cash & Cash Equivalent 74 31 50 6 7 18 16 5 7 7 8

Indian Metal & Ferro Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 10.17 6.72 0.71 -8.47 46.13 71.25 -0.39 -12.32 30.87 94 41.75
CEPS(Rs) 25.89 35.4 24.27 13.55 66.23 110 37.36 7.09 50.26 114.51 61.72
DPS(Rs) 5 3 1.5 0 20 15 5 0 10 12.5 10
Book NAV/Share(Rs) 163.56 169.57 166.31 160.3 197.19 460.23 442.68 200.87 230.14 317.89 347.09
Core EBITDA Margin(%) 19.57 21.44 17.56 10.03 30.26 23.89 16.68 5.51 17.82 30.85 18.25
EBIT Margin(%) 13.2 11.58 9.64 0.61 26.69 20.24 6.9 0.37 15.69 27.53 14.56
Pre Tax Margin(%) 7.86 3.73 1.93 -5.97 21.77 15.98 1.17 -5.63 12.39 25.27 12.1
PAT Margin (%) 4.06 2.61 0.3 -3.56 14.65 10.54 -0.04 -4.09 9.05 19.5 8.44
Cash Profit Margin (%) 10.33 13.74 9.2 5.74 21.06 16.24 5.97 2.37 14.71 23.74 12.44
ROA(%) 2.3 1.41 0.16 -1.71 10.16 7.24 -0.02 -2.6 6.74 18.93 8.25
ROE(%) 6.45 4.04 0.48 -5.15 26.22 16.46 -0.05 -5.89 14.36 34.34 12.58
ROCE(%) 9.27 7.92 6.6 0.38 23.05 17.86 5.68 0.32 15.7 34.97 17.77
Receivable days 11.6 14.05 14.63 10.1 8.76 13.61 12.88 9.37 12.36 16.32 15.43
Inventory Days 90.98 94.28 103.53 109.51 72.16 79.24 108.69 110.55 86.77 74.85 86.58
Payable days 76.13 83.08 85.25 81.99 66.35 71.01 110.25 88.79 73.11 55.89 44.51
PER(x) 11.24 18.99 108.09 0 8.32 3.01 0 0 7.32 4.41 6.8
Price/Book(x) 0.7 0.75 0.46 0.35 1.95 0.47 0.29 0.28 0.98 1.3 0.82
Dividend Yield(%) 2.19 1.18 0.98 0 2.61 3.49 1.92 0 2.21 3.02 3.52
EV/Net Sales(x) 1.27 1.3 1.1 1.12 1.76 0.76 0.64 0.6 0.99 1.03 0.68
EV/Core EBITDA(x) 6.1 5.64 5.87 9.75 5.24 2.91 3.6 8.72 4.66 3.25 3.55
Net Sales Growth(%) 6.75 3.5 2.04 -9.93 38.06 5.58 -7.47 -1.34 14.41 41.14 2.82
EBIT Growth(%) -3.04 -9.7 -14.82 -94.33 5947 -20.92 -68.51 -94.77 4805.25 147.61 -45.6
PAT Growth(%) -14.29 -33.85 -88.12 -1152.29 669.5 -25 -100.31 0 353.12 204.05 -55.53
EPS Growth(%) -14.3 -33.89 -89.46 -1296.47 644.43 54.44 -100.55 -3055.42 350.49 204.56 -55.59
Debt/Equity(x) 1.29 1.23 1.36 1.35 0.85 0.68 0.66 0.64 0.54 0.28 0.17
Current Ratio(x) 1.28 1.29 1.16 0.92 1.35 1.4 1.11 0.93 1.22 1.32 2.26
Quick Ratio(x) 0.67 0.76 0.5 0.39 0.76 0.73 0.45 0.34 0.61 0.59 1.28
Interest Cover(x) 2.47 1.47 1.25 0.09 5.43 4.75 1.2 0.06 4.75 12.15 5.91
Total Debt/Mcap(x) 1.85 1.64 2.95 3.9 0.44 0.71 1.09 2.28 0.54 0.21 0.21

Indian Metal & Ferro Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 58.69 58.69 58.69 58.69 58.69 58.69 58.69 58.69 58.69 58.69
FII 1.09 1.07 1.3 1.32 1.26 1.41 1.68 2.48 2.93 2.87
DII 0.01 0.01 0.01 0.01 0.01 0.01 0.09 0.09 0.09 0.1
Public 40.22 40.24 40 39.98 40.05 39.9 39.55 38.75 38.29 38.34
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Debtor days have improved from 55.89 to 44.51days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • The company has delivered a poor profit growth of 3% over past five years.

* 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.

Indian Metal & Ferro News

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