IMFA share price, P/E, ROE & financials

Indian Metals & Ferro Alloys (IMFA) had a P/E of 10.4× on 6 Nov 2026, below the industry P/E of 11.5×, and the shares are 34% below their 52-week high. Sales and net profit grew 1.9% and 23% a year over 3 years, with ROCE of 19% and ROE of 21%. Debt is 0.41× equity, and its dividend yield is 1.1%. It is a small-cap company with a market cap of ₹5,970 Cr, ranked 6th of 22 Other Industrial Metals & Mining companies by market cap; the shares fell 8.0% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year

Open: ₹1,131.60
Day high: ₹1,131.60
Day low: ₹1,096.50
Prev. close: ₹1,131.60
Volume: 88.7K

Health check

1 good · 2 fair · 3 to check

ReturnsAhead
−8.0% over a year, better than 5 of 7 peers.
Price tagIn line
P/E 10.4 vs industry 11.5.
GrowthSlow
Sales +1.9%, profit +23.5% a year over 3 years.
ProfitabilityWeak
ROCE 18.5% vs peer median 27.9%.
Balance sheetFair
Debt 0.41× equity, interest covered 21.4×, Piotroski 4 of 9.
Red flags1 to check
34% below its 52-week high.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Other Industrial Metals & Mining

21 listed peers. Screen the industry

Small cap

₹5,970 Cr, #6 of 22 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹3,375 Cr · profit ₹575 Cr

Market cap: ₹5,970 Cr; Small cap
P/E: 10.4; Industry 11.5
Price to book: 1.99; Peers 5.18
Dividend yield: 1.13%
ROE: 20.8%; Peers 28.4%
ROCE: 18.5%; Peers 27.9%
Debt to equity: 0.41; Debt ₹1,244 Cr
EPS (TTM): ₹106.48; Face value ₹10
OPM (TTM): 24.8%; Net margin 17.0%
Sales growth: +35.5%; Latest quarter vs a year ago
Profit growth: +51.5%; Latest quarter vs a year ago
Price to sales: 1.77; EV/EBITDA 8.1

Strengths

Return on equity of 20.8%.
Quarterly profit up 51.5% on a year ago.
Quarterly sales up 35.5% on a year ago.
Positive operating cash flow in each of the last 4 years.

Risks to check

34% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About Indian Metals & Ferro Alloys

Indian Metals and Ferro Alloys Limited engages in the production and sale of ferro chrome in India and internationally. It operates through Ferro Alloys, Power, and Mining segments. The company operates a captive power generation plant with a total capacity of 204.55MW; and two chrome ore mines, as well as a manufacturing plant for low-density aggregates and fly ash bricks for use in road construction and cement industries. It offers its products to…

Headquarters: Bhubaneswar
Employees: 2,187
Sector: Basic Materials
ISIN: INE919H01018
Website: imfa.in

Price range

52 weeks

₹1,051.10₹1,679.90

Today

₹1,096.50₹1,131.60

Avg volume (3M): 1 L
1-year return: minus 8.0%
From 52-week high: minus 34.1%

Peers · Other Industrial Metals & Mining

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
HINDZINCHindustan Zinc	568.10	minus 0.46%	2,40,040	11.5	10.6	62.0%	53.4%	0.22	5.6%	plus 20.6%
VEDLVedanta	261.75	minus 0.78%	1,02,208	9.2	4.0	21.3%	28.7%	1.34	−19.2%	minus 48.1%
CMPDICentral Mine Planning & Design Institute	177.28	minus 3.82%	12,653	18.8	14.4	34.6%	34.2%	0.00	18.7%	plus 15.1%
VOGLVedanta Oil and Gas	30.74	minus 2.26%	12,001	18.0	–	4.1%	7.3%	0.15	161.8%	minus 14.8%
JAINRECJain Resource Recycling	286.50	plus 2.23%	9,887	27.8	19.4	35.5%	4.5%	0.82	45.4%	minus 25.7%
IMFAIndian Metals & Ferro Alloys	1,106.50	minus 2.22%	5,970	10.4	10.2	18.5%	23.8%	0.35	1.9%	minus 8.0%
MOILMOIL	215.71	minus 1.41%	4,389	14.9	8.7	–	20.0%	–	3.2%	minus 39.9%
ASHAPURMINAshapura Minechem	416.30	minus 3.90%	3,977	9.8	9.1	20.1%	7.6%	0.88	42.4%	minus 34.9%
Median of 7 peers	–	−1.41%	12,001	14.9	9.8	27.9%	20.0%	0.52	18.7%	−25.7%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Dec 25	Mar 26	Jun 26	Sep 26
642	703	763	960	968
516	539	604	679	732
125	164	159	281	236
19.6%	23.4%	20.8%	29.3%	24.4%
22	21.7	5.9	12.9	4.4
7	9.3	11.3	12.5	14.4
14.7	15.4	17.7	23.4	27
126	161	136	258	199
26.4%	18.6%	24.2%	25.4%	25.7%
92.3	131	103	192	148
17.10	24.33	19.13	35.65	27.37

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +1.9%
Profit CAGR 3Y: +23.5%
EPS CAGR 3Y: +23.5%
ROE: 20.8%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
2,639	2,743	2,535	2,794
–	+3.9%	minus 7.6%	+10.2%
2,133	2,135	2,002	2,154
507	608	532	640
19.2%	22.2%	21.0%	22.9%
−47	−11.7	11.2	−39.1
26.2	28.9	23	27.2
107	78	54.6	62.9
−2.3	26.6	48.2	43.1
324	516	514	554
30.3%	33.3%	26.2%	23.3%
225	344	379	424
–	+52.5%	+10.2%	+12.0%
41.75	63.68	70.19	78.64

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
54	54	54	54
1,819	2,051	2,294	2,664
341	237	389	958
440	571	441	641
2,654	2,913	3,177	4,317
1,024	1,040	1,092	2,406
64.3	65.6	74.4	867
0.3	0.3	0.3	13.1
278	450	916	404
1,287	1,357	1,095	627
2,654	2,913	3,177	4,317

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
151	460	585	318
140	−209	−562	−753
−291	−207	−67.9	462
0.6	43.7	−44.5	27
–	−114	−116	−1,335
151	346	470	−1,017
−68	−67.9	−193	−54.4

Shareholding pattern

Source: NSE filings

58.7%

promoters

Promoters58.69%
Public41.31%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	58.69%	41.31%	0.00
30 Jun 2026	58.69%	41.31%	0.00
31 Mar 2026	58.69%	41.31%	0.00
31 Dec 2025	58.69%	41.31%	0.00
30 Sep 2025	58.69%	41.31%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you