Indiana Resources Limited (AU:IDA)
ASX:IDA
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Indiana Resources Limited
(Sydney:IDA)
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Rating:54Neutral
Price Target:
AU$0.03
▼(-20.00% Downside)
Action:ReiteratedDate:01/30/26
The score is held back primarily by weak cash generation (negative operating and free cash flow) despite strong reported revenue growth and a low-leverage balance sheet. Technical indicators are broadly neutral with mild support, while valuation metrics (very low P/E and very high dividend yield) contribute positively but are secondary to the cash flow risk.
Positive Factors
Strong revenue growth
Sustained 52% revenue growth reflects successful exploration or project recognition, expanding the company's project pipeline and optionality. Over 2-6 months this supports higher asset valuations, strengthens bargaining power for farm-outs or divestments and underpins future monetisation opportunities.
Negative Factors
Negative operating cash flow
Persistent negative operating and free cash flows signal the company cannot internally finance exploration or project advancement. Over the medium term this creates reliance on equity raises, asset sales, or partners, raising dilution and execution risk and constraining project timelines and value realisation.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
Sustained 52% revenue growth reflects successful exploration or project recognition, expanding the company's project pipeline and optionality. Over 2-6 months this supports higher asset valuations, strengthens bargaining power for farm-outs or divestments and underpins future monetisation opportunities.
Read all positive factors
Indiana Resources Limited (IDA) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$19.97M
Dividend Yield270.27%
Average Volume (3M)790.88K
Price to Earnings (P/E)―
Beta (1Y)0.67
Revenue Growth-47.40%
EPS Growth-5.05%
CountryAU
Employees16
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding644,232,500
10 Day Avg. Volume834,147
30 Day Avg. Volume790,878
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.73
Price to Sales (P/S)0.38
P/FCF Ratio-8.74
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Indiana Resources Limited Business Overview & Revenue Model
Company Description
Indiana Resources Limited (IDA) is an Australian-based mineral exploration company focused on the discovery and development of economically viable mineral resources. The company primarily operates in the gold and mineral exploration sectors, with ...
How the Company Makes Money
Indiana Resources Limited’s revenue model is primarily tied to the monetisation of mineral projects rather than recurring operating income. If available, the company can make money through: (1) selling exploration or development assets (project di...
Indiana Resources Limited Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
30
Negative
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 139.60M | 210.00K | 6.00K | 2.00K | 0.00 |
| Gross Profit | 139.58M | 210.00K | -72.00K | -73.00K | -13.00K |
| EBITDA | 103.03M | -4.13M | -1.92M | -2.04M | -1.67M |
| Net Income | 97.34M | -4.17M | -1.99M | -2.11M | -1.68M |
Balance Sheet | |||||
| Total Assets | 79.91M | 8.17M | 6.91M | 6.58M | 3.12M |
| Cash, Cash Equivalents and Short-Term Investments | 69.35M | 1.39M | 1.19M | 2.37M | 1.28M |
| Total Debt | 3.00K | 32.00K | 96.00K | 196.00K | 62.00K |
| Total Liabilities | 3.04M | 922.00K | 977.00K | 789.00K | 989.00K |
| Stockholders Equity | 73.50M | 6.88M | 5.65M | 5.44M | 2.13M |
Cash Flow | |||||
| Free Cash Flow | -6.15M | -4.72M | -2.95M | -4.50M | -2.40M |
| Operating Cash Flow | -6.15M | -4.20M | -1.47M | -2.53M | -2.39M |
| Investing Cash Flow | 79.55M | -494.00K | -1.39M | -1.97M | -8.00K |
| Financing Cash Flow | -31.64M | 4.89M | 1.68M | 5.57M | 3.18M |
Indiana Resources Limited Technical Analysis
Neutral
0.04
Price Trends
0.04
Negative
0.04
Negative
0.04
Negative
Market Momentum
>-0.01
Negative
45.81
Neutral
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:IDA, the sentiment is Neutral. The current price of 0.04 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.04, and below the 200-day MA of 0.04, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 45.81 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:IDA.
Indiana Resources Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | AU$19.97M | -4.18 | 81.27% | 270.27% | -47.40% | -5.05% | |
46 Neutral | AU$24.27M | 1.48 | 34.97% | ― | ― | ― | |
45 Neutral | AU$15.91M | -2.50 | -16.13% | ― | ― | 27.45% | |
43 Neutral | AU$16.81M | -4.75 | -53.37% | ― | ― | 65.45% | |
42 Neutral | AU$16.11M | -2.14 | -33.23% | ― | ― | 60.00% | |
42 Neutral | AU$14.16M | -1.05 | -81.53% | ― | ― | 43.51% |
* Basic Materials Sector Average
AU:IDA
Indiana Resources Limited
0.03
>-0.01
-6.25%
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Indiana Resources Limited Corporate Events
Indiana Resources flags larger gold system at Minos as new splay delivers strong hits
Apr 30, 2026
Indiana Resources has reported encouraging early exploration results from its Minos Gold Project in South Australia’s Gawler Craton, confirming gold mineralisation on a newly identified splay off the main Lake Labyrinth Shear Zone at the Ari...
Indiana Resources Issues Interim Report and Highlights Exploration Focus
Mar 13, 2026
Indiana Resources Limited has released its interim financial report for the half-year ended 31 December 2025, which is intended to be read in conjunction with its 30 June 2025 annual report and other market disclosures. The document provides corpo...
Indiana Resources Confirms New Gold-Bearing Structure at Minos Project
Feb 9, 2026
Indiana Resources has reported new air-core drilling results from its Minos Gold Project in South Australia, confirming a previously unidentified mineralised splay off the main Lake Labyrinth Shear Zone. Key intercepts at the Company Well prospect...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.