Indian Metals and Ferro Alloys Ltd
IMFAIndian Metals and Ferro Alloys Ltd
IMFAPrice Chart
Scorecard
Performance
AvgPrice return has been average, nothing exciting
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
BadThe stock is overpriced and in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
12.05 | 2.45 | 0.78% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
31.17 | 3.55 | 1.31% |
Forecast & Ratings
Detailed Forecast Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Indian Metals and Ferro Alloys Limited is a holding producing ferro chrome/ferro alloys.
Peers
Compare with peersÂJSW Steel Ltd
Tata Steel Ltd
Jindal Steel And Power Ltd
Bharat Forge Ltd
Jindal Stainless Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
Revenue Forecast
Earnings Per Share Forecast
Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 1,226.98 | 1,720.47 | 1,792.14 | 1,666.68 | 1,633.18 | 1,894.01 | 2,619.55 | 2,737.11 | 2,822.39 | 2,792.99 | ||||||||||
Raw Materials | 655.87 | 706.55 | 813.44 | 823.89 | 939.84 | 908.34 | 1,108.48 | 1,474.70 | 1,445.86 | 2,144.46 | ||||||||||
Power & Fuel Cost | 17.99 | 51.26 | 114.74 | 110.30 | 101.52 | 127.97 | 116.29 | 108.39 | 97.56 | |||||||||||
Employee Cost | 135.10 | 169.86 | 176.73 | 162.17 | 155.20 | 166.39 | 207.40 | 196.14 | 222.30 | |||||||||||
Selling & Administrative Expenses | 119.44 | 111.14 | 115.99 | 138.20 | 133.61 | 141.65 | 207.92 | 190.21 | 159.17 | |||||||||||
Operating & Other expenses | 177.03 | 120.05 | 112.27 | 221.17 | 192.90 | 162.20 | 152.62 | 270.58 | 268.41 | |||||||||||
EBITDA | 121.55 | 561.61 | 458.97 | 210.95 | 110.11 | 387.46 | 826.84 | 497.09 | 629.09 | 648.53 | ||||||||||
Depreciation/Amortization | 114.06 | 108.69 | 100.80 | 98.16 | 104.21 | 104.22 | 110.22 | 107.28 | 78.03 | 54.37 | ||||||||||
PBIT | 7.49 | 452.92 | 358.17 | 112.79 | 5.90 | 283.24 | 716.62 | 389.81 | 551.06 | 594.16 | ||||||||||
Interest & Other Items | 80.77 | 83.47 | 75.41 | 93.67 | 96.68 | 54.78 | 58.97 | 65.94 | 34.94 | 23.67 | ||||||||||
PBT | -73.28 | 369.45 | 282.76 | 19.12 | -90.78 | 228.46 | 657.65 | 323.87 | 516.12 | 570.49 | ||||||||||
Taxes & Other Items | -29.25 | 120.51 | 96.66 | 20.14 | -24.29 | 61.91 | 150.41 | 98.61 | 121.59 | 137.45 | ||||||||||
Net Income | -44.03 | 248.94 | 186.10 | -1.02 | -66.49 | 166.55 | 507.24 | 225.26 | 394.53 | 433.04 | ||||||||||
EPS | -8.47 | 47.01 | 34.49 | -0.19 | -12.32 | 30.87 | 94.01 | 41.75 | 73.12 | 80.26 | ||||||||||
DPS | 1.00 | 10.00 | 7.50 | 2.50 | 0.00 | 5.00 | 12.50 | 10.00 | 7.50 | 30.00 | ||||||||||
Payout ratio | — | 0.21 | 0.22 | — | 0.00 | 0.16 | 0.13 | 0.24 | 0.10 | 0.37 |
Company Updates
Annual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFPeers & Comparison
MaterialsIron & Steel
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Indian Metals and Ferro Alloys Ltd | 13.23 | 2.45 | 0.78% |
JSW Steel Ltd | 28.04 | 3.10 | 0.90% |
Tata Steel Ltd | -42.29 | 2.03 | 2.39% |
Jindal Steel And Power Ltd | 17.08 | 2.27 | 0.20% |
Price Comparison
Compare IMFA with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Indian Metals and Ferro Alloys Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
Quant Commodities Fund - Direct Plan - Growth Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.5661% | Percentage of the fund’s portfolio invested in the stock 6.62% | Change in the portfolio weight of the stock over the last 3 months 1.72% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 6/27 (0) |
Motilal Oswal Nifty Microcap 250 Index Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0579% | Percentage of the fund’s portfolio invested in the stock 0.17% | Change in the portfolio weight of the stock over the last 3 months 0.03% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 107/309 (-1) |
Motilal Oswal Quant Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0312% | Percentage of the fund’s portfolio invested in the stock 1.06% | Change in the portfolio weight of the stock over the last 3 months 0.17% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 42/149 (+14) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No dividend trend available
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateNov 14, 2024
Dividend/Share
₹10.00
Ex DateEx Date
Nov 14, 2024
Cash Dividend
Ex DateEx DateJul 22, 2024
Dividend/Share
₹7.50
Ex DateEx Date
Jul 22, 2024
Cash Dividend
Ex DateEx DateApr 8, 2024
Dividend/Share
₹15.00
Ex DateEx Date
Apr 8, 2024
Cash Dividend
Ex DateEx DateNov 10, 2023
Dividend/Share
₹7.50
Ex DateEx Date
Nov 10, 2023
Cash Dividend
Ex DateEx DateJul 21, 2023
Dividend/Share
₹5.00
Ex DateEx Date
Jul 21, 2023
Profit before tax (PBT) increased 43.77% YoY to Rs 177.56 crore during the quarter. EBITDA jumped 16.87% to Rs 175.62 crore in Q2 FY25 as compared with Rs 150.27 crore posted in same quarter last year. Exports fell marginally 0.12% to Rs 652.97 crore during the quarter from 653.77 crore posted in Q2 FY24. Ferro Chrome production rose 2.17% to 68,248 tonnes in Q2 FY25 as compared with 66,796 tonnes in Q2 FY24 while Ferro Chrome sales marginally declined 0.74% to 66,951 tonnes in Q2 FY25 from 67,448 tonnes in Q2 FY24. Revenue from power generation declined 6.42% to 277 million units in Q2 FY25 from 296 million units in Q2 FY24. Revenue from chrome ore stood at 104,327 tonnes in Q2 FY25, down 21.95% as compared with 133,666 tonnes in Q2 FY24. Subhrakant Panda, Managing Director,said, 'Higher output, continued focus on operating efficiency, and stable input costs and selling prices have led to improved margins in the second quarter results. On the global front, demand for stainless steel has marginally dropped largely due to economic uncertainty. However, the long awaited stimulus measures announced in China coupled with the recent uptick in PMI are positive signs for the metals sector in general.' He added, 'Domestic ferro chrome prices have softened recently, making it unviable for non-integrated producers. In this context, access to captive ore and a debt-free Balance Sheet give us confidence and we are focused on leveraging it to register superior performance.' Meanwhile, the company's board has declared an interim dividend of Rs 10 per share for FY25. The record date for the said dividend shall be Friday, 15 November 2024. The interim dividend will be paid to such shareholders on or before Saturday, 7th December 2024. Indian Metals & Ferro Alloys primarily produces ferro alloys, including charge chrome (high carbon ferro chrome), and has an installed furnace capacity of 190 MVA (284,000 MTPA) in its two plant sites at Therubali and Choudwar, in Odisha.Powered by Capital Market - Live
Indian Metals & Ferro Alloys announced that the Board of Directors of the Company at its meeting held on 7 November 2024, inter alia, have recommended the interim dividend of Rs 10 per equity Share (i.e. 100%) , subject to the approval of the shareholders.Powered by Capital Market - Live
Net profit of Indian Metals & Ferro Alloys rose 40.20% to Rs 125.02 crore in the quarter ended September 2024 as against Rs 89.17 crore during the previous quarter ended September 2023. Sales declined 0.10% to Rs 691.92 crore in the quarter ended September 2024 as against Rs 692.61 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales691.92692.61 0 OPM %24.6321.69 - PBDT183.80148.83 23 PBT170.31123.15 38 NP125.0289.17 40 Powered by Capital Market - Live
Indian Metals & Ferro Alloys will hold a meeting of the Board of Directors of the Company on 7 November 2024Powered by Capital Market - Live
The agency has also reaffirmed the company's short-term rating at '[ICRA] A1+'. ICRA stated that the ratings reaffirmation factors in the healthy financial performance of Indian Metals & Ferro Alloys Limited's (IMFA) in FY2024 and expected sustenance of the same over the near term, leading to a healthy profitability, net cash accruals and debt coverage indicators. The ratings also consider the comfortable financial risk profile of the company, which has witnessed a steady improvement over the years following the material deleveraging done since FY2022, supported by attractive ferrochrome spreads. The ratings continue to favourably factor in the experience of the promoters in the ferro-alloy industry and the established track record of the company as one of the largest exporters of ferro chrome from India. The ratings also consider IMFA's competitive cost structure, on a global scale, on account of the integrated nature of its operations (it is largely self-reliant in terms of chrome ore and power). The ratings are, however, tempered by IMFA's exposure to the inherent cyclicality of the ferro-chrome industry. The ratings also remain constrained by the execution and operational risks associated with the large-scale capex programme of accumulating around Rs. 1,750 crore, to be incurred over the next seven years towards setting up of a greenfield ferrochrome unit at Kalinganagar and brownfield mine expansions. Indian Metals & Ferro Alloys (IMFA) primarily produces ferro alloys, including charge chrome (high carbon ferro chrome), and has an installed furnace capacity of 190 MVA (2,84,000 metric tonnes per annum (MTPA)) in its two plant sites at Therubali and Choudwar, in Odisha. The company's operations are supported by a 200-MW captive thermal power plant at Choudwar, captive chromite mines and a 4.5-MW solar power plant. The scrip lost 0.18% to currently trade at Rs 645.75 on the BSE. Powered by Capital Market - Live
India Metal & Ferro Alloys announced that ICRA vide its letter dated 4 September, 2024 has reaffirmed the long-term rating at [ICRA]AA- (Stable) (pronounced ICRA Double A Minus Stable) and the short-term rating at [ICRA]A1+ (pronounced ICRA A One plus). The outlook on the long-term rating has also been reaffirmed at Stable. Powered by Capital Market - Live
Indian Metals & Ferro Alloys consolidated net profit rises 2.42% in the June 2024 quarter
Net profit of Indian Metals & Ferro Alloys rose 2.42% to Rs 113.06 crore in the quarter ended June 2024 as against Rs 110.39 crore during the previous quarter ended June 2023. Sales declined 5.62% to Rs 662.28 crore in the quarter ended June 2024 as against Rs 701.73 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales662.28701.73 -6 OPM %24.3624.63 - PBDT170.21174.46 -2 PBT156.66149.44 5 NP113.06110.39 2 Powered by Capital Market - Live
Indian Metals & Ferro Alloys will hold a meeting of the Board of Directors of the Company on 31 July 2024.Powered by Capital Market - Live
Indian Metals & Ferro Alloys Ltd leads losers in ‘B’ group
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 11.11%, vs industry avg of 9.86%
Increasing Market Share
Over the last 5 years, market share increased from 0.31% to 0.36%