Want to see IN:IMFA full AI Analyst Report?
Top Page
Indian Metals & Ferro Alloys Ltd.
(IMFA)
Select Model
Select Model
Rating:55Neutral
Price Target:
₹1,406.00
▲(8.65% Upside)
Action:Reiterated
Date:08/29/26
The score is held back mainly by deteriorating cash-flow quality (negative free cash flow) and increased debt in FY2026, which raises near-term financial risk despite still-solid profitability. Technicals are also weak with bearish moving-average positioning and negative MACD, though oversold readings modestly temper the downside. Valuation is reasonable with a mid-range P/E, but the low dividend yield offers limited support.
Positive Factors
Solid profitability
Net margins remain around 15% and operating profitability is healthy, showing the company can remain profitable through industry cycles. This provides a durable earnings base, although ferroalloy economics remain exposed to commodity conditions.
Negative Factors
Negative free cash flow
A sharply negative free-cash-flow result weakens internal funding capacity and increases reliance on financing or asset monetization. If heavy spending or working-capital pressure persists, cash strain could constrain investment and shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Solid profitability
Net margins remain around 15% and operating profitability is healthy, showing the company can remain profitable through industry cycles. This provides a durable earnings base, although ferroalloy economics remain exposed to commodity conditions.
Read all positive factors
Indian Metals & Ferro Alloys Ltd. (IMFA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹69.50B
Dividend Yield0.97%
Average Volume (3M)10.53K
Price to Earnings (P/E)13.3
Beta (1Y)1.49
Revenue Growth23.64%
EPS Growth46.48%
CountryIN
Employees6,240
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)97.18
Shares Outstanding53,954,105
10 Day Avg. Volume6,804
30 Day Avg. Volume10,533
Financial Highlights & Ratios
PEG Ratio1.27
Price to Book (P/B)2.39
Price to Sales (P/S)2.30
P/FCF Ratio-6.24
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)116.15
Revenue Forecast (FY)₹42.89B
Indian Metals & Ferro Alloys Ltd. Business Overview & Revenue Model
Company Description
Indian Metals and Ferro Alloys Limited engages in the production and sale of ferro chrome in India and internationally. It operates through three segments: Ferro Alloys, Power, and Mining segments. The company operates a power generation plant wit...
How the Company Makes Money
IMFA primarily makes money by manufacturing and selling ferroalloy products (notably ferrochrome) to steel producers and other industrial customers. Revenue is generated from (a) sales of ferroalloys under customer contracts and spot/offtake arran...
Indian Metals & Ferro Alloys Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
68
Positive
Cash Flow
41
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 31.45B | 28.26B | 25.65B | 27.43B | 26.39B | 25.65B |
| Gross Profit | 11.84B | 10.08B | 11.69B | 11.55B | 6.75B | 13.93B |
| EBITDA | 7.99B | 6.52B | 5.30B | 6.18B | 4.64B | 8.13B |
| Net Income | 5.24B | 4.24B | 3.79B | 3.44B | 2.25B | 5.07B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 43.17B | 31.77B | 28.32B | 26.54B | 28.21B |
| Cash, Cash Equivalents and Short-Term Investments | 4.15B | 4.17B | 9.30B | 4.50B | 2.78B | 1.62B |
| Total Debt | 0.00 | 9.58B | 3.89B | 2.37B | 3.41B | 4.90B |
| Total Liabilities | -27.26B | 15.90B | 8.20B | 7.04B | 7.50B | 10.76B |
| Stockholders Equity | 27.26B | 27.18B | 23.48B | 21.20B | 18.73B | 17.15B |
Cash Flow | ||||||
| Free Cash Flow | 682.00M | -10.40B | 4.70B | 3.99B | 1.51B | 3.03B |
| Operating Cash Flow | 3.31B | 2.95B | 5.85B | 5.12B | 1.51B | 3.90B |
| Investing Cash Flow | -3.29B | -7.63B | -5.62B | -2.09B | 1.40B | -1.06B |
| Financing Cash Flow | 35.60M | 4.95B | -679.30M | -2.59B | -2.91B | -2.84B |
Indian Metals & Ferro Alloys Ltd. Technical Analysis
Negative
1294.05
Price Trends
1380.09
Negative
1419.50
Negative
1356.20
Negative
Market Momentum
-31.31
Positive
33.77
Neutral
7.28
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:IMFA, the sentiment is Negative. The current price of 1294.05 is below the 20-day moving average (MA) of 1385.65, below the 50-day MA of 1380.09, and below the 200-day MA of 1356.20, indicating a bearish trend. The MACD of -31.31 indicates Positive momentum. The RSI at 33.77 is Neutral, neither overbought nor oversold. The STOCH value of 7.28 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:IMFA.
Indian Metals & Ferro Alloys Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹96.18B | 13.41 | ― | 0.25% | 45.22% | 45.66% | |
66 Neutral | ₹31.79B | 10.93 | ― | 1.56% | 0.82% | -59.07% | |
62 Neutral | ₹297.57B | 26.43 | ― | 0.42% | 22.76% | 21.47% | |
61 Neutral | ₹78.47B | 58.09 | ― | 0.20% | 18.17% | 13.91% | |
59 Neutral | ₹86.56B | 15.33 | ― | ― | 22.18% | 137.60% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹69.50B | 13.26 | ― | 0.97% | 23.64% | 46.48% |
* General Sector Average
IN:IMFA
Indian Metals & Ferro Alloys Ltd.
1,288.10
265.23
25.93%
IN:JAYNECOIND
Jayaswal Neco Industries Limited
89.15
26.56
42.43%
IN:MAITHANALL
Maithan Alloys Ltd.
1,092.00
0.45
0.04%
IN:MIDHANI
Mishra Dhatu Nigam Ltd.
418.85
42.50
11.29%
IN:SANDUMA
Sandur Manganese & Iron Ores Ltd
197.85
45.54
29.90%
IN:SHYAMMETL
Shyam Metalics & Energy Ltd.
1,066.05
125.24
13.31%
Indian Metals & Ferro Alloys Ltd. Corporate Events
IMFA Posts Strong Q1 FY27 Results With Robust Ferro Chrome Output
Aug 5, 2026
Indian Metals Ferro Alloys Ltd. published its unaudited standalone and consolidated financial results for the quarter ended 30 June 2026, reporting total consolidated income of about ₹973 crore and post-tax profit of about ₹193 crore....
IMFA Sets August 4 Earnings Call to Discuss Q1 FY27 Results
Jul 28, 2026
Indian Metals Ferro Alloys Ltd. has scheduled an earnings conference call with analysts and investors on Tuesday, 4 August 2026 at 4:30 p.m. IST to discuss its Q1 FY2026-27 financial results. Senior management, including the managing director, ch...
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.