Indian Metals & Ferro Alloys Limited

BSE: IMFA533047ISIN INE919H01018

Commodities
Ferro & Silica Manganese
BSE 1000

Share price

₹1,128.90+30.30 (+2.76%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹1,674.90
52W low: ₹1,052.55
Off 52W high: -32.60%
1M return: -2.26%
3M return: -24.20%
6M return: -22.10%
1Y return: -8.26%
20D avg volume: 4,833
50 DMA: ₹1,217.48
200 DMA: ₹1,327.74

Key ratios Consolidated

Market cap: ₹6,091 Cr
Current price: ₹1,128.90
52W high / low: ₹1,674.90 / ₹1,052.55
Face value: ₹10.00
P/E: 11.61
P/B: 2.03
EPS (TTM): ₹97.26
Book value / share: ₹556.42
ROE: —
ROCE: 18.80%
Operating margin: —
Net margin: —
Debt / equity: 0.34
Net debt: ₹889.46 Cr
Interest cover: 16.54
Dividend yield: 1.11%
Dividend / share (TTM): ₹12.50
Payout: 12.85%
Cash conversion cycle: 100.4 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	968.17	960.45	763.29	702.83	718.65	641.54	567.15	643.22	691.92	662.28	700.56	685.27
	5.43	12.91	5.91	21.74	15.83	21.99	17.01	17.21	19.10	13.16	10.95	9.75
	973.60	973.36	769.20	724.57	734.48	663.53	584.16	660.43	711.02	675.44	711.51	695.02
	774.64	715.05	633.19	563.14	603.60	537.82	520.49	536.96	540.71	518.78	613.57	549.44
	386.24	350.72	279.47	257.17	254.40	248.46	231.83	257.59	282.19	319.90	346.70	361.33
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	74.68	82.27	69.27	71.03	60.89	61.96	66.48	58.51	59.47	53.43	64.64	55.25
	14.36	12.46	11.29	9.27	8.09	7.01	10.00	8.23	5.75	4.29	5.23	8.40
	26.98	23.41	17.67	15.35	15.19	14.73	13.87	13.69	13.49	13.55	12.61	14.72
	330.28	275.31	265.26	224.52	237.97	196.10	202.74	105.42	98.40	108.97	161.08	110.73
	198.96	258.31	136.01	161.43	130.88	125.71	63.67	123.47	170.31	156.66	97.94	145.58
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	198.96	258.31	136.01	161.43	130.88	125.71	63.67	123.47	170.31	156.66	97.94	145.58
	51.20	65.72	32.85	29.97	33.32	33.17	16.27	30.10	45.10	43.32	34.37	36.63
	147.76	192.59	103.16	131.46	97.56	92.54	47.40	93.37	125.21	113.34	63.57	108.95
	27.37	35.65	19.13	24.33	18.07	17.10	8.77	17.30	23.17	20.95	15.99	20.15
Key metrics
	240.30	294.18	164.97	186.05	154.16	147.45	87.54	145.39	189.55	174.50	115.78	168.70
	24.80%	30.60%	21.60%	26.50%	21.50%	23.00%	15.40%	22.60%	27.40%	26.30%	16.50%	24.60%
	15.30%	20.10%	13.50%	18.70%	13.60%	14.40%	8.40%	14.50%	18.10%	17.10%	9.10%	15.90%
	6.00%	—	4.70%	—	5.30%	—	3.00%	—	—	—	—	—
	34.70%	49.70%	34.60%	9.30%	3.90%	-3.10%	-19.00%	-6.10%	—	—	—	—
	51.50%	108.10%	117.60%	40.80%	-22.10%	-18.40%	-25.40%	-14.30%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	3,395	2,826	2,565	2,780	2,676	2,603
	45.99	65.47	66.48	42.22	24.31	16.60
	3,441	2,892	2,631	2,822	2,701	2,620
	2,686	2,338	2,117	2,306	2,361	1,962
	1,274	1,040	1,026	1,446	1,475	1,108
	0.00	0.00	0.00	—	—	—
	297.25	263.15	237.89	222.30	196.14	207.40
	47.38	35.66	28.27	34.94	65.94	58.97
	83.41	62.94	54.60	78.03	107.28	110.22
	1,095	923.85	778.04	505.59	513.07	494.50
	754.71	554.03	514.11	516.12	339.57	657.65
	0.00	0.00	0.00	0.00	-15.70	0.00
	754.71	554.03	514.11	516.12	323.87	657.65
	179.74	129.31	134.79	143.73	98.09	149.95
	574.97	424.72	379.32	372.39	225.78	507.70
	106.48	78.64	70.19	73.12	41.75	94.01
Key metrics
	885.50	652.63	596.98	629.09	497.09	826.84
	26.08%	23.10%	23.30%	22.60%	18.60%	31.80%
	16.94%	15.00%	14.80%	13.40%	8.40%	19.50%
	—	18.80%	22.10%	—	—	—
	32.06%	10.20%	-7.80%	3.90%	2.80%	—
	73.78%	12.00%	1.90%	64.90%	-55.50%	—
	—	-1,017	469.55	—	—	—
	—	0.75	1.54	—	—	—
	—	0.34	0.16	—	—	—
	—	889.46	365.43	—	—	—
	—	100.4	93.2	—	—	—
Balance sheet
	—	4,317	3,177	—	—	—
	—	1,705	1,935	—	—	—
	—	34.23	7.26	—	—	—
	—	239.05	113.20	—	—	—
	—	815.34	736.15	—	—	—
	—	220.71	152.71	—	—	—
	—	1,539	1,018	—	—	—
	—	276.91	194.32	—	—	—
	—	1,183	718.67	—	—	—
	—	923.69	372.69	—	—	—
	—	630.28	372.67	—	—	—
	—	293.41	0.02	—	—	—
	—	2,726	2,357	—	—	—
Cash flow
	—	318.09	585.35	—	—	—
	—	-753.38	-561.92	—	—	—
	—	462.26	-67.93	—	—	—
	—	1,335	115.80	—	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	968.17	960.45	763.29	702.83	718.65	641.54	567.15	643.22	691.92	662.28	700.56	685.27
	6.78	11.97	6.88	21.23	17.49	21.14	17.16	15.70	21.76	16.61	231.59	8.89
	974.95	972.42	770.17	724.06	736.14	662.68	584.31	658.92	713.68	678.89	932.15	694.16
	775.01	715.60	633.71	563.68	604.16	538.38	521.08	542.75	536.12	518.51	815.38	550.02
	386.24	350.72	279.47	257.17	254.40	248.46	231.83	257.59	282.19	319.90	346.70	361.33
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	74.68	82.27	69.27	71.03	60.89	61.96	66.48	58.51	59.47	53.43	64.64	55.25
	14.90	13.01	11.84	9.83	8.66	7.58	10.58	8.81	6.33	4.89	5.83	9.01
	26.98	23.41	17.67	15.35	15.19	14.73	13.87	13.69	13.49	13.55	12.61	14.72
	330.11	275.31	265.23	224.50	237.96	196.09	202.75	110.63	93.23	108.10	362.29	—
	199.94	256.82	136.46	160.38	131.98	124.30	63.23	116.17	177.56	160.38	116.77	144.14
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	199.94	256.82	136.46	160.38	131.98	124.30	63.23	116.17	177.56	160.38	116.77	144.14
	51.17	65.33	33.02	29.71	33.21	32.82	16.16	30.04	44.83	42.86	34.12	36.27
	148.77	191.49	103.44	130.67	98.77	91.48	47.07	86.13	132.73	117.52	82.65	107.87
	27.57	35.49	19.17	24.22	18.31	16.96	8.72	15.96	24.60	21.78	15.32	19.99
Key metrics
	241.82	293.24	165.97	185.56	155.83	146.61	87.68	138.67	197.38	178.82	135.21	167.87
	25.00%	30.50%	21.70%	26.40%	21.70%	22.90%	15.50%	21.60%	28.50%	27.00%	19.30%	24.50%
	15.40%	19.90%	13.60%	18.60%	13.70%	14.30%	8.30%	13.40%	19.20%	17.70%	11.80%	15.70%
	6.10%	—	4.80%	—	5.40%	—	3.00%	—	—	—	—	—
	34.70%	49.70%	34.60%	9.30%	3.90%	-3.10%	-19.00%	-6.10%	—	—	—	—
	50.60%	109.30%	119.80%	51.70%	-25.60%	-22.20%	-43.00%	-20.20%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	3,395	2,826	2,565	2,780	2,676	2,603
	46.86	66.74	66.74	262.78	25.66	18.06
	3,442	2,893	2,631	3,043	2,702	2,621
	2,688	2,340	2,119	2,510	2,363	1,964
	1,274	1,040	1,026	1,446	1,475	1,108
	0.00	0.00	0.00	—	—	—
	297.25	263.15	237.89	222.30	196.05	206.71
	49.58	37.91	30.61	37.37	68.42	61.55
	83.41	62.94	54.60	78.03	107.28	110.22
	1,095	923.78	778.03	706.67	—	494.92
	753.60	553.12	512.04	533.17	338.78	657.06
	0.00	0.00	0.00	—	-15.70	—
	753.60	553.12	512.04	533.17	323.08	657.06
	179.23	128.76	133.95	142.69	97.35	149.19
	574.37	424.36	378.09	390.48	225.73	507.87
	106.45	78.65	70.08	72.37	41.84	94.13
Key metrics
	886.59	653.97	597.25	648.57	498.78	828.83
	26.12%	23.10%	23.30%	23.30%	18.60%	31.80%
	16.92%	15.00%	14.70%	14.00%	8.40%	19.50%
	—	18.90%	22.20%	—	—	—
	32.06%	10.20%	-7.80%	3.90%	2.80%	—
	77.58%	12.20%	-3.20%	73.00%	-55.60%	—
	—	-885.15	470.26	—	—	—
	—	1.06	1.55	—	—	—
	—	0.34	0.16	—	—	—
	—	891.37	365.44	—	—	—
	—	100.4	93.2	—	—	—
Balance sheet
	—	4,306	3,168	—	—	—
	—	1,688	1,923	—	—	—
	—	32.32	7.25	—	—	—
	—	239.05	113.20	—	—	—
	—	815.34	736.15	—	—	—
	—	220.71	152.71	—	—	—
	—	1,539	1,018	—	—	—
	—	277.22	194.63	—	—	—
	—	1,185	720.18	—	—	—
	—	923.69	372.69	—	—	—
	—	630.28	372.67	—	—	—
	—	293.41	0.02	—	—	—
	—	2,692	2,322	—	—	—
Cash flow
	—	450.34	586.06	—	—	—
	—	-753.09	-559.68	—	—	—
	—	327.82	-70.88	—	—	—
	—	1,335	115.80	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +1.83%
Sales CAGR 5Y: —
Profit CAGR 3Y: +23.42%
Profit CAGR 5Y: —
Sales YoY (TTM): +32.06%
Profit YoY (TTM): +77.58%

Consolidated

Sales CAGR 3Y: +1.83%
Sales CAGR 5Y: —
Profit CAGR 3Y: +23.44%
Profit CAGR 5Y: —
Sales YoY (TTM): +32.06%
Profit YoY (TTM): +73.78%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 58.69%

Holder	Type	Holding	Previous	Change
SUBHRAKANT PANDA, TRUSTEE, B PANDA TRUST	Promoter Group	51.59%	—	—
LITEC COMPANY LIMITED	Public	12.77%	—	—
BP DEVELOPERS PRIVATE LTD	Promoter Group	2.25%	—	—
PARAMITA PANDA	Promoter	1.20%	—	—
NIVEDITA GANAPATHI	Promoter	1.20%	—	—
BAIJAYANT PANDA	Promoter	1.20%	—	—
SUBHRAKANT PANDA	Promoter	1.20%	—	—
MUKUL MAHAVIR AGRAWAL	Public	1.07%	—	—
MANISHA LODHA	Public	1.03%	—	—
SUBHRAKANT PANDA, MANAGING TRUSTEE, SHAISAH FOUNDATION	Promoter Group	0.05%	—	—

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Indian Metals & Ferro Alloys Limited	6,091	1,128.90	11.61	18.80%	+32.06% TTM	+73.78% TTM	-8.26%
Maithan Alloys Limited	2,406	826.60	8.05	14.90%	+0.82% TTM	-58.08% TTM	-24.84%
VISA Chrome Limited	472	32.41	0.46	-583.90%	-15.01% TTM	+305.08% TTM	-53.34%
NILACHAL CARBO METALICKS LIMITED	257	103.12	—	13.90%	—	—	-6.25%
Nagpur Power & Industries Ltd	194	148.25	-72.23	1.10%	+30.56% TTM	-205.93% TTM	+49.60%
Shyam Century Ferrous Limited S	100	4.50	-16.07	-7.60%	-91.53% TTM	+44.13% TTM	-33.53%
Indsil Hydro Power and Manganese Limited S	83	29.97	5.98	7.20%	+13.66% TTM	+202.20% TTM	-39.22%
FACOR Alloys Limited	59	3.02	4.88	-17.10%	-0.81% TTM	+131.25% TTM	-5.33%
Impex Ferro tech Ltd. S	51	5.75	—	12.30%	—	—	+201.05%
Chrome Silicon Limited S	17	38.01	-6.29	-10.80%	-93.31% TTM	+88.19% TTM	-19.89%

Filings & corporate actions

Recent announcements

As per corporate announcement attached4 Nov 2026 · Company Update / Analyst / Investor Meet
As per corporate announcement attached4 Nov 2026 · Company Update / Acquisition
As per corporate announcement attached4 Nov 2026 · Corp. Action / Record Date
As per corporate announcement attached4 Nov 2026 · Board Meeting / Outcome of Board Meeting
As per corporate announcement attached4 Nov 2026 · Result / Financial Results
As per corporate announcement attached2 Nov 2026 · Company Update / Acquisition
We wish to inform you that a Earnings Conference Call to discuss Q2 FY2026-27 Financial results with Analysts/ Investors has been scheduled on Wednesday, the 4th November 2026 at 3.45 PM.28 Oct 2026 · Company Update / Analyst / Investor Meet
Indian Metals & Ferro Alloys Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/11/2026 ,inter alia, to consider and approve As per corporate ....28 Oct 2026 · Board Meeting / Board Meeting
As per corporate announcement attached14 Oct 2026 · Company Update / Newspaper Publication
As per corporate Announcement attached13 Oct 2026 · AGM/EGM / Postal Ballot
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, it is hereby informed that the Board of Directors, by means of resolution ....6 Oct 2026 · Others / Outcome without intimation
As per corporate announcement attached24 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
As corporate announcement attached22 Sep 2026 · Company Update / General
As per corporate announcement attached16 Sep 2026 · Company Update / Analyst / Investor Meet
As per corporate announcement attached11 Sep 2026 · AGM/EGM / Postal Ballot
As per corporate announcement attached10 Sep 2026 · AGM/EGM / Postal Ballot
As per Corporate announcement attached.8 Sep 2026 · Company Update / Change in Management
As per corporate announcement attached25 Aug 2026 · Company Update / General
As per corporate announcement attached12 Aug 2026 · Company Update / Newspaper Publication
As per corporate announcement attached11 Aug 2026 · Company Update / Earnings Call Transcript
As per corporate announcement attached11 Aug 2026 · AGM/EGM / Postal Ballot
As per Corporate announcement attached7 Aug 2026 · Company Update / Analyst / Investor Meet
As per voting result and Scrutinizers report attached5 Aug 2026 · AGM/EGM / AGM
As per corporate announcement attached5 Aug 2026 · Company Update / General
As per corporate announcement attached5 Aug 2026 · Company Update / Newspaper Publication
As per corporate announcement attached4 Aug 2026 · AGM/EGM / AGM
As per corporte announcement attached4 Aug 2026 · Company Update / Analyst / Investor Meet
As per corporate announcement attached4 Aug 2026 · Company Update / Change in Management
As per corporate announcement attached4 Aug 2026 · Company Update / Investor Presentation
As per corporate Announcement Attached4 Aug 2026 · Company Update / Press Release / Media Release
As per corporate Announcement Attached4 Aug 2026 · Result / Financial Results
As per corporate announcement attached28 Jul 2026 · Company Update / Analyst / Investor Meet
Indian Metals & Ferro Alloys Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/08/2026 ,inter alia, to consider and approve As per corporate ....24 Jul 2026 · Board Meeting / Board Meeting
As per corporate announcement attached24 Jul 2026 · Company Update / General
Newspaper Advertisement in connection with AGM Notice, Book Closure and E-Voting information14 Jul 2026 · Company Update / Newspaper Publication
As per Annual Report FY 2025-2613 Jul 2026 · Others / Reg. 34 (1) Annual Report
As per AGM notice FY 2025-26 attached13 Jul 2026 · AGM/EGM / AGM
As per corporate announcement attached8 Jul 2026 · Company Update / Newspaper Publication
As per corporate announcement attached30 Jun 2026 · Company Update / Change in Management
As per corporate announcement attached22 Jun 2026 · Insider Trading / SAST / Closure of Trading Window

Corporate actions

Purpose	Ex date	Record date	Payment date
Interim Dividend	12 Nov 2026	12 Nov 2026	—
Final Dividend - Rs. - 7.5000	31 Jul 2026	31 Jul 2026	—
Interim Dividend - Rs. - 5.0000	11 Nov 2025	11 Nov 2025	—
Final Dividend - Rs. - 5.0000	25 Jul 2025	25 Jul 2025	—
Interim Dividend - Rs. - 5.0000	5 Feb 2025	5 Feb 2025	—
Interim Dividend - Rs. - 10.0000	14 Nov 2024	15 Nov 2024	—
Final Dividend - Rs. - 7.5000	22 Jul 2024	—	—

Board meetings

4 Nov 2026 Board Meeting - Financial Results
4 Aug 2026 Board Meeting - Financial Results