Indian Metals & Ferro Alloys Ltd. (IN:IMFA)
:IMFA
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Indian Metals & Ferro Alloys Ltd.
(IMFA)
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Rating:68Neutral
Price Target:
₹1,569.00
▲(4.85% Upside)
Action:DowngradedDate:01/07/26
The score is driven primarily by solid financial performance (strong cash flow, low leverage, stable profitability), offset by weaker near-term technical signals (below 20/50-day averages and low RSI) and a valuation that is not especially cheap (P/E ~23.8 with a modest yield).
Positive Factors
Free Cash Flow Generation
Consistent free cash flow provides durable funding for maintenance capex, working capital and occasional strategic investments without heavy reliance on external financing. Over 2–6 months this supports operational stability, dividend capacity and resilience through commodity cycles.
Negative Factors
Recent Revenue Decline
A falling top line signals weaker demand or pricing pressure which can erode utilization and leverage in smelting. If this trend persists, it reduces scale benefits, pressures fixed-cost coverage and limits the upside from otherwise healthy margins and cash flows.
Read all positive and negative factors
Positive Factors
Negative Factors
Free Cash Flow Generation
Consistent free cash flow provides durable funding for maintenance capex, working capital and occasional strategic investments without heavy reliance on external financing. Over 2–6 months this supports operational stability, dividend capacity and resilience through commodity cycles.
Read all positive factors
Indian Metals & Ferro Alloys Ltd. (IMFA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹72.48B
Dividend Yield1.05%
Average Volume (3M)13.23K
Price to Earnings (P/E)15.3
Beta (1Y)1.46
Revenue Growth-6.18%
EPS Growth-23.70%
CountryIN
Employees2,101
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)24.33
Shares Outstanding53,954,105
10 Day Avg. Volume12,331
30 Day Avg. Volume13,227
Financial Highlights & Ratios
PEG Ratio0.87
Price to Book (P/B)1.44
Price to Sales (P/S)1.32
P/FCF Ratio7.19
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)115.1
Revenue Forecast (FY)₹43.58B
Indian Metals & Ferro Alloys Ltd. Business Overview & Revenue Model
Company Description
Indian Metals and Ferro Alloys Limited produces and sells ferro chrome in India. It also offers fly-ash bricks and low-density aggregates. The company exports its products to Korea, China, Japan, and Taiwan. Indian Metals and Ferro Alloys Limited ...
How the Company Makes Money
IMFA generates revenue primarily through the sale of ferro alloys, particularly ferro chrome, which is sold to stainless steel manufacturers in India and abroad. The company benefits from its integrated operations, which allow it to control costs ...
Indian Metals & Ferro Alloys Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
75
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 25.71B | 25.65B | 27.43B | 26.39B | 25.65B | 18.08B |
| Gross Profit | 10.87B | 11.69B | 11.55B | 6.75B | 13.93B | 4.24B |
| EBITDA | 5.15B | 5.30B | 6.18B | 4.64B | 8.13B | 3.93B |
| Net Income | 3.30B | 3.79B | 3.44B | 2.25B | 5.07B | 1.67B |
Balance Sheet | ||||||
| Total Assets | 33.96B | 31.77B | 28.32B | 26.54B | 28.21B | 25.41B |
| Cash, Cash Equivalents and Short-Term Investments | 10.33B | 9.30B | 4.50B | 2.78B | 1.62B | 1.38B |
| Total Debt | 4.35B | 3.89B | 2.37B | 3.41B | 4.90B | 6.79B |
| Total Liabilities | 8.77B | 8.20B | 7.04B | 7.50B | 10.76B | 12.69B |
| Stockholders Equity | 25.10B | 23.48B | 21.20B | 18.73B | 17.15B | 12.42B |
Cash Flow | ||||||
| Free Cash Flow | 682.00M | 4.70B | 3.99B | 1.51B | 3.03B | 1.71B |
| Operating Cash Flow | 3.31B | 5.85B | 5.12B | 1.51B | 3.90B | 2.07B |
| Investing Cash Flow | -3.29B | -5.62B | -2.09B | 1.40B | -1.06B | -1.06B |
| Financing Cash Flow | 35.60M | -679.30M | -2.59B | -2.91B | -2.84B | -993.00M |
Indian Metals & Ferro Alloys Ltd. Technical Analysis
Positive
1496.40
Price Trends
1258.01
Positive
1298.38
Positive
1109.84
Positive
Market Momentum
1.99
Negative
57.98
Neutral
83.22
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:IMFA, the sentiment is Positive. The current price of 1496.4 is above the 20-day moving average (MA) of 1229.80, above the 50-day MA of 1258.01, and above the 200-day MA of 1109.84, indicating a bullish trend. The MACD of 1.99 indicates Negative momentum. The RSI at 57.98 is Neutral, neither overbought nor oversold. The STOCH value of 83.22 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:IMFA.
Indian Metals & Ferro Alloys Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹27.44B | 8.35 | ― | 1.65% | 21.44% | -46.24% | |
68 Neutral | ₹72.48B | 15.33 | ― | 1.05% | -6.18% | -23.70% | |
67 Neutral | ₹28.95B | 13.58 | ― | 1.36% | -0.46% | 4.85% | |
62 Neutral | ₹43.17B | 20.39 | ― | 0.28% | 6.44% | 36.54% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | ₹78.36B | 28.77 | ― | ― | 20.00% | 1413.14% | |
39 Underperform | ₹22.19B | 172.94 | ― | ― | -27.80% | -365.69% |
* Basic Materials Sector Average
IN:IMFA
Indian Metals & Ferro Alloys Ltd.
1,343.45
761.46
130.84%
IN:JAYNECOIND
Jayaswal Neco Industries Limited
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50.15
164.16%
IN:KSL
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663.15
-18.55
-2.72%
IN:MAITHANALL
Maithan Alloys Ltd.
942.60
93.10
10.96%
IN:ORISSAMINE
Orissa Minerals Development Company Limited
3,698.25
-882.35
-19.26%
IN:SUNFLAG
Sunflag Iron & Steel Co. Ltd.
239.55
14.79
6.58%
Indian Metals & Ferro Alloys Ltd. Corporate Events
IMFA Restarts Operations at Newly Acquired Ferro Chrome Plant in Odisha
Mar 11, 2026
Indian Metals Ferro Alloys Ltd. has restarted operations at its newly acquired ferro chrome plant in Kalinganagar, Jajpur district, Odisha, bringing two furnaces back online as of 11 March 2026. The company plans to switch on the remaining two fu...
IMFA Denies Any Undisclosed Factors Behind Surge in Share Trading Volume
Jan 6, 2026
Indian Metals Ferro Alloys Limited has responded to a query from the National Stock Exchange of India regarding a recent significant increase in trading volume of its shares. The company stated that it has fully complied with applicable disclosur...
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.
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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.