Indian Metals and Ferro Alloys Limited share price

NSE: IMFA · ISIN INE919H01018

Key numbers

Market cap
₹ 6,639 Cr
Current price
₹ 1,230.40
52-week high / low
₹ 1,680 / 1,064
Stock P/E
12.7
Book value
₹ 503.7
Dividend yield
1.02%
ROCE
18.1%
ROE
16.8%
Debt to equity
0.35
Sales growth (3 yrs)
1.9%
Profit growth (3 yrs)
23.5%
1-year return
4.7%

About Indian Metals and Ferro Alloys Limited

Indian Metals and Ferro Alloys Limited engages in the production and sale of ferro chrome in India and internationally. It operates through Ferro Alloys, Power, and Mining segments. The company operates a captive power generation plant with a total capacity of 204.55MW; and two chrome ore mines, as well as a manufacturing plant for low-density aggregates and fly ash bricks for use in road construction and cement industries. It offers its products to stainless steel manufacturers and international traders and distributors. Indian Metals and Ferro Alloys Limited was incorporated in 1961 and is headquartered in Bhubaneswar, India.

Quarterly results

Consolidated figures in ₹ crores

Mar 2025Jun 2025Dec 2025Mar 2026Jun 2026
Sales567642703763960
Operating profit71125164159281
Net profit4792131103192
EPS (₹)8.7717.1024.3319.1335.65

Concall summary (2026-08-11)

AI summary of the earnings call transcript · tone: Positive · source document

Guidance & outlook

  • But I would just like to limit my comments to that much. lffl fa Indian Metals & Ferro Alloys Limited August 04, 2026 Now ferrochrome production of Samancor and Glencore from South Africa will start and expectation is that they will produce 4.5 million tons of ferrochrome per year.
  • So, post the new plant, I think the Kalinganagar plant, what would be our capacity going forward? lffl fa Indian Metals & Ferro Alloys Limited August 04, 2026 As I said, our capacity will be about a little more than 0.5 million tons.

Growth & demand

  • But clearly, I think it should balance each other out. lffl fa Indian Metals & Ferro Alloys Limited August 04, 2026 And that is where also the point I made at the beginning that even if we see some price correction, please keep in mind that we have another 50% volume coming in.
  • I mean it may not be very aggressive growth, but about 2.5% to 3% growth is there globally if you look at it.

Margins & costs

  • Sir, just the question was that earlier 2, 3 quarters back, once about the EBITDA profit, you had stated that our average EBITDA would be around INR20,000.
  • So just needed an understanding that are we still on par with that or is it going to be higher about INR25,000, not just because the realizations are better right now, just in general over a long period.

Capex & expansion

  • As you know that going ahead, we are also looking to commission the KNR-1 greenfield project, where the first furnace we have already initiated the process of heating the refractory lining, so we expect first tapping around the third week of this month.
  • But then you said that because of the plants being closer to the diff erent ports, it's going to help us and raise it to around INR22,000 something.

Risks & challenges

  • A detailed explan ation of this risk is included in the earnings presentation that has already been shared on the stock exchanges.
  • Panda, I understand we expect to sell ferrochrome to India, and I understand that ferrochrome demand in India is a bit weak, mainly because of stainless steel flats are imported from China and stainless-steel producers are happy converting them into finished products.

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