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Last Updated: April 2, 2026, 3:06 am
Author: Getaka|Social: XLinkedIn

Indian Metals & Ferro Alloys Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹1,156.76Fairly Valued by 6.11%vs CMP ₹1,232.00

P/E (18.0) × ROE (17.0%) × BV (₹465.00) × DY (1.62%)

₹783.99Overvalued by 36.36%vs CMP ₹1,232.00
MoS: -57.1% (Negative)Confidence: 63/100 (Moderate)Models: 1 Fair, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1,085.0922%Over (-11.9%)
Graham NumberEarnings₹845.2116%Over (-31.4%)
Earnings PowerEarnings₹429.4011%Over (-65.1%)
DCFCash Flow₹593.9413%Over (-51.8%)
Net Asset ValueAssets₹465.297%Over (-62.2%)
EV/EBITDAEnterprise₹788.409%Over (-36%)
Earnings YieldEarnings₹682.807%Over (-44.6%)
ROCE CapitalReturns₹1,148.279%Fair (-6.8%)
Revenue MultipleRevenue₹475.495%Over (-61.4%)
Consensus (9 models)₹783.99100%Overvalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -6.2%

*Investments are subject to market risks

Investment Snapshot

63
Indian Metals & Ferro Alloys Ltd scores 63/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health87/100 · Strong
ROCE 21.3% ExcellentROE 17.0% GoodD/E 0.07 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 58.7% Stable
Earnings Quality50/100 · Moderate
OPM contracting (25% → 21%) DecliningWorking capital: 41 days (improving) Efficient
Quarterly Momentum58/100 · Moderate
Revenue (4Q): -2% YoY FlatProfit (4Q): +1% YoY Positive
Industry Rank55/100 · Moderate
P/E 18.0 vs industry 43.3 Cheaper than peersROCE 21.3% vs industry 24.6% Average3Y sales CAGR: 0% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:06 am

Market Cap 6,646 Cr.
Current Price 1,232
Intrinsic Value₹783.99
High / Low 1,511/550
Stock P/E18.0
Book Value 465
Dividend Yield1.62 %
ROCE21.3 %
ROE17.0 %
Face Value 10.0
PEG Ratio-2.91

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Indian Metals & Ferro Alloys Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Indian Metals & Ferro Alloys Ltd 6,646 Cr. 1,232 1,511/55018.0 4651.62 %21.3 %17.0 % 10.0
Maithan Alloys Ltd 2,606 Cr. 895 1,265/8315.88 1,4161.79 %28.0 %22.0 % 10.0
Nagpur Power & Industries Ltd 190 Cr. 145 174/80.2106 70.20.00 %3.37 %0.86 % 10.0
Facor Alloys Ltd 40.1 Cr. 2.05 4.44/1.81 5.150.00 %2.63 %3.58 % 1.00
Chrome Silicon Ltd 71.3 Cr. 43.5 58.0/37.2 12.10.00 %86.6 %124 % 10.0
Industry Average3,147.33 Cr331.8243.29287.530.49%24.60%28.86%7.43

All Competitor Stocks of Indian Metals & Ferro Alloys Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 624637702693685701662692643567642719703
Expenses 565498529542526596501521515497516580539
Operating Profit 5913917315015910516117012871125138164
OPM % 9%22%25%22%23%15%24%25%20%12%20%19%23%
Other Income -1-11012101113191717221622
Interest 1398138546810789
Depreciation 28292526151314131414151515
Profit before tax 17991491231469815717012364126131161
Tax % 34%35%26%27%25%64%28%26%24%26%26%25%19%
Net Profit 1164111891093611312593479398131
EPS in Rs 2.0111.8720.4616.5320.146.5420.9523.1717.308.7717.1118.0724.33

Last Updated: March 4, 2026, 9:04 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 12:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,3181,3451,2111,6721,7661,6341,6121,8442,6032,6762,7802,5652,630
Expenses 1,0311,1041,0881,1591,3331,3611,5231,5071,7932,1882,1932,0342,132
Operating Profit 28724112351343227289338810488587531499
OPM % 22%18%10%31%24%17%6%18%31%18%21%21%19%
Other Income 1713-14827-622150179426677
Interest 1051068183759497555966352834
Depreciation 14912211410910198104104110107785559
Profit before tax 5026-7336928319-91228658324516514482
Tax % 30%84%-40%33%34%103%-27%27%23%30%33%26%
Net Profit 354-44249187-1-66167508226344379369
EPS in Rs 6.720.71-8.4746.1034.46-0.19-12.3130.8494.0141.7563.6870.1968.28
Dividend Payout % 22%106%-12%22%22%-1,323%0%16%13%24%12%28%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-88.57%-1200.00%665.91%-24.90%-100.53%-6500.00%353.03%204.19%-55.51%52.21%10.17%
Change in YoY Net Profit Growth (%)0.00%-1111.43%1865.91%-690.81%-75.64%-6399.47%6853.03%-148.84%-259.70%107.72%-42.04%

Indian Metals & Ferro Alloys Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:7%
5 Years:10%
3 Years:0%
TTM:-7%
Compounded Profit Growth
10 Years:63%
5 Years:49%
3 Years:-9%
TTM:3%
Stock Price CAGR
10 Years:31%
5 Years:50%
3 Years:50%
1 Year:40%
Return on Equity
10 Years:14%
5 Years:19%
3 Years:16%
Last Year:17%

Last Updated: September 5, 2025, 7:20 am

Balance Sheet

Last Updated: December 4, 2025, 1:25 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 26262627272727275454545454
Reserves 8558558071,0371,1891,1431,0571,2151,6611,8192,0512,2942,456
Borrowings 1,0881,1281,060910822766713679490341237389435
Other Liabilities 467539501530614719617620616440571441450
Total Liabilities 2,4362,5482,3942,5042,6522,6552,4142,5412,8212,6542,9133,1773,396
Fixed Assets 1,3411,3721,3301,2751,2561,1771,2161,1551,1119909971,0501,051
CWIP 217193226236273304264248267707875197
Investments 1203516114869331201552643729091,008
Other Assets 8669838038329741,1049011,0191,2901,3301,4661,1441,141
Total Assets 2,4362,5482,3942,5042,6522,6552,4142,5412,8212,6542,9133,1773,396

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 226174218485290217221207390151460585
Cash from Investing Activity + -107-43-101-162-88-31-49-106-106140-209-562
Cash from Financing Activity + -162-113-161-322-191-187-182-99-284-291-207-68
Net Cash Flow -4318-44210-2-112-0144-44
Free Cash Flow 96102131443173113127182303387347471
CFO/OP 85%75%187%101%85%96%247%69%75%45%107%135%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow286.00240.00122.00-397.00-390.00-494.00-624.00-341.00320.00147.00350.00142.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 1614415131171820121816
Inventory Days 218208177176192256168174207162224264
Days Payable 9586746188128727449528870
Cash Conversion Cycle 138137107130117140103118178122153210
Working Capital Days 433-39112-8-29-213747141
ROCE %8%7%1%23%17%9%0%14%34%18%24%21%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 58.69%58.69%58.69%58.69%58.69%58.69%58.69%58.69%58.69%58.69%58.69%58.69%
FIIs 1.40%1.67%2.47%2.93%2.88%2.89%3.10%4.04%3.81%3.40%3.69%3.35%
DIIs 0.01%0.08%0.09%0.10%0.10%1.36%0.92%0.82%0.81%0.19%0.21%0.64%
Public 39.89%39.55%38.74%38.29%38.34%37.06%37.30%36.45%36.69%37.73%37.41%37.33%
No. of Shareholders 43,84044,43942,94747,70547,63650,85051,52547,71549,68850,15246,65255,725

Shareholding Pattern Chart

No. of Shareholders

Indian Metals & Ferro Alloys Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Samco Active Momentum Fund 42,008 0.74 4.9N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24
FaceValue 10.0010.00
Basic EPS (Rs.) 70.1973.12
Diluted EPS (Rs.) 70.1973.12
Cash EPS (Rs.) 80.4283.47
Book Value[Excl.RevalReserv]/Share (Rs.) 435.18394.35
Book Value[Incl.RevalReserv]/Share (Rs.) 435.18394.35
Revenue From Operations / Share (Rs.) 475.27515.23
PBDIT / Share (Rs.) 110.63116.58
PBIT / Share (Rs.) 100.52102.12
PBT / Share (Rs.) 95.2895.65
Net Profit / Share (Rs.) 70.3069.01
NP After MI And SOA / Share (Rs.) 70.1973.11
PBDIT Margin (%) 23.2722.62
PBIT Margin (%) 21.1419.82
PBT Margin (%) 20.0418.56
Net Profit Margin (%) 14.7913.39
NP After MI And SOA Margin (%) 14.7614.19
Return on Networth / Equity (%) 16.1218.60
Return on Capital Employeed (%) 22.0525.24
Return On Assets (%) 11.9113.93
Total Debt / Equity (X) 0.150.07
Asset Turnover Ratio (%) 0.851.01
Current Ratio (X) 2.692.56
Quick Ratio (X) 1.671.46
Inventory Turnover Ratio (X) 3.542.13
Dividend Payout Ratio (NP) (%) 32.0537.60
Dividend Payout Ratio (CP) (%) 28.0131.39
Earning Retention Ratio (%) 67.9562.40
Cash Earning Retention Ratio (%) 71.9968.61
Interest Coverage Ratio (X) 21.1218.00
Interest Coverage Ratio (Post Tax) (X) 14.4211.66
Enterprise Value (Cr.) 3653.323532.68
EV / Net Operating Revenue (X) 1.421.27
EV / EBITDA (X) 6.125.62
MarketCap / Net Operating Revenue (X) 1.281.24
Retention Ratios (%) 67.9462.39
Price / BV (X) 1.401.63
Price / Net Operating Revenue (X) 1.281.24
EarningsYield 0.110.11

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Indian Metals & Ferro Alloys Ltd. is a Public Limited Listed company incorporated on 20/11/1961 and has its registered office in the State of Orissa, India. Company's Corporate Identification Number(CIN) is L27101OR1961PLC000428 and registration number is 000428. Currently Company is involved in the business activities of Manufacture of textiles. Company's Total Operating Revenue is Rs. 2564.57 Cr. and Equity Capital is Rs. 53.96 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Ferro AlloysIMFA Building, Bomikhal, Bhubaneshwar Orissa 751010Contact not found
Management
NamePosition Held
Mr. Nalini Ranjan MohantyNon Executive Chairman
Mr. Baijayant PandaVice Chairman
Mr. Subhrakant PandaManaging Director
Mr. Bijayananda MohapatraWhole Time Director & COO
Mr. Bijoy Kumar DasIndependent Director
Mrs. Latha RavindranIndependent Director
Dr. Barada Kanta MishraIndependent Director
Mr. Stefan Georg AmreinDirector

FAQ

What is the intrinsic value of Indian Metals & Ferro Alloys Ltd and is it undervalued?

As of 12 April 2026, Indian Metals & Ferro Alloys Ltd's intrinsic value is ₹783.99, which is 36.36% lower than the current market price of ₹1,232.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (17.0 %), book value (₹465), dividend yield (1.62 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Indian Metals & Ferro Alloys Ltd?

Indian Metals & Ferro Alloys Ltd is trading at ₹1,232.00 as of 12 April 2026, with a FY2026-2027 high of ₹1,511 and low of ₹550. The stock is currently in the middle of its 52-week range. Market cap stands at ₹6,646 Cr..

How does Indian Metals & Ferro Alloys Ltd's P/E ratio compare to its industry?

Indian Metals & Ferro Alloys Ltd has a P/E ratio of 18.0, which is below the industry average of 43.29. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Indian Metals & Ferro Alloys Ltd financially healthy?

Key indicators for Indian Metals & Ferro Alloys Ltd: ROCE of 21.3 % indicates efficient capital utilization; ROE of 17.0 % shows strong shareholder returns. Dividend yield is 1.62 %.

Is Indian Metals & Ferro Alloys Ltd profitable and how is the profit trend?

Indian Metals & Ferro Alloys Ltd reported a net profit of ₹379 Cr in Mar 2025 on revenue of ₹2,565 Cr. Compared to ₹508 Cr in Mar 2022, the net profit shows a declining trend.

Does Indian Metals & Ferro Alloys Ltd pay dividends?

Indian Metals & Ferro Alloys Ltd has a dividend yield of 1.62 % at the current price of ₹1,232.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Indian Metals & Ferro Alloys Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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