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Indian Metals and Ferro Alloys Ltd

IMFA

Indian Metals and Ferro Alloys Ltd

IMFA
MaterialsIron & Steel
SmallcapWith a market cap of ₹4,773 cr, stock is ranked 798
High RiskStock is 3.49x as volatile as Nifty
956.608.11% (+71.80)
956.608.11% (+71.80)

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MaterialsIron & Steel
SmallcapWith a market cap of ₹4,773 cr, stock is ranked 798
High RiskStock is 3.49x as volatile as Nifty
Scorecard

Performance

Avg

Price return has been average, nothing exciting

Valuation

Avg

Can be considered moderately valued vs the market

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Good

The stock is underpriced and is not in the overbought zone

Red flags

Low

No red flag found

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MaterialsIron & Steel
SmallcapWith a market cap of ₹4,773 cr, stock is ranked 798
High RiskStock is 3.49x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
11.022.240.85%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
31.003.521.32%

Forecast & Ratings

Detailed Forecast 
—
Forecast data is currently unavailable for this stock

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Indian Metals and Ferro Alloys Limited is a holding producing ferro chrome/ferro alloys.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 11.11%, vs industry avg of 9.83%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 0.31% to 0.36%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue1,226.981,720.471,792.141,666.681,633.181,894.012,619.552,737.112,822.392,792.99
Raw Materialssubtract655.87706.55813.44823.89939.84908.341,108.481,474.701,445.862,144.46
Power & Fuel Costsubtract17.9951.26114.74110.30101.52127.97116.29108.3997.56
Employee Costsubtract135.10169.86176.73162.17155.20166.39207.40196.14222.30
Selling & Administrative Expensessubtract119.44111.14115.99138.20133.61141.65207.92190.21159.17
Operating & Other expensessubtract177.03120.05112.27221.17192.90162.20152.62270.58268.41
Depreciation/Amortizationsubtract114.06108.69100.8098.16104.21104.22110.22107.2878.0354.37
Interest & Other Itemssubtract80.7783.4775.4193.6796.6854.7858.9765.9434.9423.67
Taxes & Other Itemssubtract-29.25120.5196.6620.14-24.2961.91150.4198.61121.59137.45
EPS-8.4747.0134.49-0.19-12.3230.8794.0141.7573.1280.26
DPS1.0010.007.502.500.005.0012.5010.007.5030.00
Payout ratio—0.210.22—0.000.160.130.240.100.37

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2018

Annual report

PDF

Investor Presentation

May 22PDF
May 16PDF
Feb 1PDF
+4 more
FY 2019

Annual report

PDF

Investor Presentation

Oct 25PDF
Jul 18PDF
Jul 11PDF
 

Peers & Comparison

Comparing 3 stocks from 
MaterialsIron & Steel

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Indian Metals and Ferro Alloys Ltd12.102.240.85%
JSW Steel Ltd27.543.040.92%
Tata Steel Ltd-41.031.972.47%
Jindal Steel And Power Ltd15.942.120.21%

Price Comparison

Compare IMFA with any stock or ETF
Compare IMFA with any stock or ETF
IMFA
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding58.69%0.75%0.17%3.10%37.29%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep1.68%2.48%2.93%2.87%2.89%3.10%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

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)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Quant Commodities Fund - Direct Plan - Growth

Growth
0.4971%4.82%-0.98%13/29 (+1)
Motilal Oswal Nifty Microcap 250 Index Fund - Growth - Direct Plan

Growth
0.0481%0.14%-0.02%106/310 (-4)
Motilal Oswal Quant Fund - Growth - Direct Plan

Growth
0.0307%0.94%0.94%110/140 (+17)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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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

Interim
Interim | Div/Share: ₹10.00

Dividend/Share

₹10.00

Ex DateEx Date

Nov 14, 2024

Cash Dividend

Ex DateEx DateJul 22, 2024

Final
Final | Div/Share: ₹7.50

Dividend/Share

₹7.50

Ex DateEx Date

Jul 22, 2024

Cash Dividend

Ex DateEx DateApr 8, 2024

Special
Special | Div/Share: ₹15.00

Dividend/Share

₹15.00

Ex DateEx Date

Apr 8, 2024

Cash Dividend

Ex DateEx DateNov 10, 2023

Interim
Interim | Div/Share: ₹7.50

Dividend/Share

₹7.50

Ex DateEx Date

Nov 10, 2023

Cash Dividend

Ex DateEx DateJul 21, 2023

Final
Final | Div/Share: ₹5.00

Dividend/Share

₹5.00

Ex DateEx Date

Jul 21, 2023

News & Opinions
Spotlight
Indian Metals zooms after Q2 PAT climbs 47% YoY to Rs 133 cr

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

3 weeks agoCapital Market - Live
Corporate
Board of Indian Metals & Ferro Alloys recommends interim dividend

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

3 weeks agoCapital Market - Live
Earnings
Indian Metals & Ferro Alloys consolidated net profit rises 40.20% in the September 2024 quarter

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

3 weeks agoCapital Market - Live
Corporate
Indian Metals & Ferro Alloys schedules board meeting

Indian Metals & Ferro Alloys will hold a meeting of the Board of Directors of the Company on 7 November 2024Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
ICRA reaffirms ratings of Indian Metals with 'stable' outlook

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

2 months agoCapital Market - Live
Corporate
India Metal & Ferro Alloys receives affirmation in credit ratings from ICRA

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

3 months agoCapital Market - Live

Indian Metals & Ferro Alloys consolidated net profit rises 2.42% in the June 2024 quarter

4 months agoBusiness Standard
Earnings
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

4 months agoCapital Market - Live
Corporate
Indian Metals & Ferro Alloys schedules board meeting

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

4 months agoCapital Market - Live

Indian Metals & Ferro Alloys Ltd leads losers in ‘B’ group

5 months agoBusiness Standard