Industrial Minerals Limited (AU:IND)
ASX:IND
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Industrial Minerals Limited
(Sydney:IND)
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Rating:48Neutral
Price Target:
AU$0.10
▼(-17.50% Downside)
Action:ReiteratedDate:03/19/26
The score is primarily held back by weak financial performance (pre-revenue, widening losses, and persistent cash burn) despite low leverage. Technicals are mixed with near-oversold momentum but no clear uptrend, and valuation is difficult to support due to negative earnings and no dividend data.
Positive Factors
Low leverage and modest debt
A very low debt-to-equity ratio and nominal absolute debt reduce refinancing and interest-rate risks for a pre-revenue minerals firm. This durable balance-sheet capacity supports funding options (equity raises, project financing, JV structures) and buys time for project development over months.
Negative Factors
Pre-revenue company
Absence of any revenue across multiple years is a fundamental risk: without commercial sales the firm must continuously rely on external capital to fund operations. This structural dependency weakens long-term self-sufficiency and elevates dilution and execution risk until commercial production or sales commence.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage and modest debt
A very low debt-to-equity ratio and nominal absolute debt reduce refinancing and interest-rate risks for a pre-revenue minerals firm. This durable balance-sheet capacity supports funding options (equity raises, project financing, JV structures) and buys time for project development over months.
Read all positive factors
Industrial Minerals Limited (IND) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$8.84M
Dividend YieldN/A
Average Volume (3M)37.60K
Price to Earnings (P/E)―
Beta (1Y)0.37
Revenue GrowthN/A
EPS Growth-21.69%
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
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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
Positive
39.41
Neutral
9.52
Positive
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 below the 20-day moving average (MA) of 0.13, 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 Positive momentum. The RSI at 39.41 is Neutral, neither overbought nor oversold. The STOCH value of 9.52 is Positive, 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% | |
48 Neutral | AU$8.84M | -8.41 | -26.29% | ― | ― | -21.69% | |
45 Neutral | AU$16.58M | -3,062.78 | 5.86% | ― | ― | ― | |
45 Neutral | AU$5.63M | -0.39 | -330.13% | ― | ― | 61.60% | |
42 Neutral | AU$39.83M | -7.10 | -99.27% | ― | ― | -36.36% | |
41 Neutral | AU$5.85M | -0.93 | -120.84% | ― | ― | -349.06% |
* Basic Materials Sector Average
AU:IND
Industrial Minerals Limited
0.11
-0.03
-21.43%
AU:CLZ
Classic Minerals Ltd.
0.01
0.00
0.00%
AU:MRD
Mount Ridley Mines Limited
0.03
0.02
150.00%
AU:KLR
Kaili Resources Limited
0.11
0.07
180.00%
AU:SLZ
Sultan Resources Ltd.
0.01
0.00
0.00%
AU:AIV
ActivEX Limited
0.02
>-0.01
-10.00%
Industrial Minerals Limited Corporate Events
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...
Industrial Minerals Defines Maiden High Purity Quartz Resource at Pippingarra Quarry
Jan 30, 2026
Industrial Minerals Ltd has reported a maiden JORC Inferred Mineral Resource estimate of 6.2 million tonnes at 98% SiO₂ at its Pippingarra Quarry Project in Western Australia, supported by successful high purity quartz beneficiation and mine...
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.