Industrial Minerals Limited (AU:IND)
ASX:IND
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Industrial Minerals Limited
(Sydney:IND)
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Rating:46Neutral
Price Target:
AU$0.15
▲(26.67% Upside)
Action:ReiteratedDate:04/28/26
The score is primarily held back by weak financial performance (pre-revenue status, widening losses, and ongoing cash burn) and bearish technical conditions (price below key moving averages and negative MACD). Low leverage on the balance sheet provides some stability, but valuation is difficult to support with negative earnings and no dividend yield data.
Positive Factors
Low Leverage
Very low debt and modest absolute borrowings reduce refinancing and interest burdens, giving management flexibility to fund exploration or staged development. This durable capital structure lowers solvency risk and preserves optionality while projects advance toward commercialization.
Negative Factors
Pre-revenue Status
Being pre-revenue is a structural risk: with no commercial sales the business must rely on financing or asset transactions to progress projects. This leaves future cash generation uncertain and makes long-term viability contingent on successful permitting, funding or partner exits.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Very low debt and modest absolute borrowings reduce refinancing and interest burdens, giving management flexibility to fund exploration or staged development. This durable capital structure lowers solvency risk and preserves optionality while projects advance toward commercialization.
Read all positive factors
Industrial Minerals Limited (IND) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$11.25M
Dividend YieldN/A
Average Volume (3M)37.60K
Price to Earnings (P/E)―
Beta (1Y)0.05
Revenue GrowthN/A
EPS Growth76.73%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.01
Shares Outstanding80,322,500
10 Day Avg. Volume20,050
30 Day Avg. Volume37,600
Financial Highlights & Ratios
PEG Ratio-0.17
Price to Book (P/B)2.95
Price to Sales (P/S)0.00
P/FCF Ratio-10.23
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
Industrial Minerals Limited Business Overview & Revenue Model
Company Description
Industrial Minerals Ltd, a mineral exploration company, explores for and develops mineral projects in Australia. The company primarily explores for gypsum and salt, silica sand, construction sand, and aggregates. It holds 100% interests in 14 high...
How the Company Makes Money
Industrial Minerals Limited’s earnings are expected to be generated primarily through commercialising its industrial mineral projects. Potential revenue streams include (1) sale of produced industrial mineral products (e.g., silica/sand-based prod...
Industrial Minerals Limited Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
56
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -57.53K | -65.32K | -36.35K | -36.35K | -10.76K | 0.00 |
| EBITDA | -652.61K | -2.28M | -812.00K | -1.50M | -1.22M | 916.25K |
| Net Income | -729.28K | -2.35M | -1.68M | -1.55M | -1.24M | -458.00K |
Balance Sheet | ||||||
| Total Assets | 3.23M | 3.37M | 3.29M | 3.29M | 4.29M | 320.57K |
| Cash, Cash Equivalents and Short-Term Investments | 517.31K | 881.84K | 358.95K | 1.20M | 3.41M | 275.12K |
| Total Debt | 64.11K | 119.26K | 105.40K | 138.98K | 172.13K | 0.00 |
| Total Liabilities | 607.18K | 444.69K | 490.04K | 350.11K | 416.91K | 279.49K |
| Stockholders Equity | 2.62M | 2.93M | 2.80M | 2.94M | 3.88M | 41.08K |
Cash Flow | ||||||
| Free Cash Flow | -385.35K | -845.48K | -2.42M | -2.18M | -1.48M | -174.30K |
| Operating Cash Flow | -385.34K | -845.48K | -827.56K | -904.17K | -916.04K | -141.87K |
| Investing Cash Flow | -298.28K | -755.59K | -1.60M | -1.27M | -563.39K | -32.44K |
| Financing Cash Flow | -31.55K | 2.12M | 1.59M | -33.15K | 4.61M | 449.42K |
Industrial Minerals Limited Technical Analysis
Negative
0.12
Price Trends
0.13
Negative
0.13
Negative
0.14
Negative
Market Momentum
>-0.01
Negative
40.25
Neutral
40.29
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:IND, the sentiment is Negative. The current price of 0.12 is above the 20-day moving average (MA) of 0.11, below the 50-day MA of 0.13, and below the 200-day MA of 0.14, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 40.25 is Neutral, neither overbought nor oversold. The STOCH value of 40.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:IND.
Industrial Minerals 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% | |
46 Neutral | AU$11.25M | -8.41 | -26.29% | ― | ― | 76.73% | |
45 Neutral | AU$6.25M | -0.39 | -330.13% | ― | ― | -31.15% | |
44 Neutral | AU$5.85M | -0.93 | -120.84% | ― | ― | -520.00% | |
42 Neutral | AU$38.52M | -7.10 | -99.27% | ― | ― | 54.55% | |
39 Underperform | AU$14.74M | -27.87 | 10.69% | ― | ― | 83.89% |
* Basic Materials Sector Average
AU:IND
Industrial Minerals Limited
0.14
0.01
7.69%
AU:CLZ
Classic Minerals Ltd.
0.01
0.00
0.00%
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Mount Ridley Mines Limited
0.03
0.02
141.67%
AU:KLR
Kaili Resources Limited
0.10
0.06
150.00%
AU:SLZ
Sultan Resources Ltd.
0.01
0.00
0.00%
AU:AIV
ActivEX Limited
0.02
0.00
0.00%
Industrial Minerals Limited Corporate Events
Industrial Minerals advances high purity quartz strategy at Pippingarra
Apr 30, 2026
Industrial Minerals Ltd concentrated on strategic marketing of its high purity quartz during the March quarter, seeking long-term global and APAC partnerships and offtake agreements to underpin investment in processing and market development. The ...
Industrial Minerals Releases Half-Year Interim Financial Report
Mar 10, 2026
Industrial Minerals Limited has released its interim financial report for the half year ended 31 December 2025. The document provides the condensed consolidated financial statements, directors’ report, auditor’s review, and related dec...
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.