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Last Updated on: 21 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Indian Metals & Ferro Alloys Ltd

About the Company -Indian Metals & Ferro Alloys Ltd

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. 2602.95 Cr. and Equity Capital is Rs. 53.96 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Ferro AlloysIMFA Building, Bomikhal, Bhubaneshwar Orissa 751010mail@imfa.in
http://www.imfa.in
Management
NamePosition Held
Mr. Baijayant PandaVice Chairman
Mr. Subhrakant PandaManaging Director
Mr. C R RayWhole Time Director
Mr. S P MathurDirector
Padmashri N R MohantyChairman & Non-Exe.Director
Mr. Stefan Georg AmreinDirector
Mrs. Latha RavindranDirector
Mr. Bijoy Kumar DasDirector

Basic Stock Data of Indian Metals & Ferro Alloys Ltd

Last Updated: June 20, 2024, 10:43 pm

Market Cap 4,268 Cr.
Current Price 792
High / Low880/298
Stock P/E11.5
Book Value 393
Dividend Yield1.89 %
ROCE24.2 %
ROE18.6 %
Face Value 10.0
PEG Ratio0.09

Indian Metals & Ferro Alloys Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales425576538653655757743672624637702693685
Expenses357447365417443568526600565498529542526
Operating Profit681291732362121892187359139173150159
OPM %16%22%32%36%32%25%29%11%9%22%25%22%23%
Other Income512453574-1-1101210
Interest12161613151621231398138
Depreciation26272425263525262829252615
Profit before tax3598137204175143179291799149123146
Tax %7%33%27%29%30%-0%25%43%34%35%26%27%25%
Net Profit33659914412214313416116411189109
EPS in Rs6.0012.1118.3326.5922.6126.4324.853.022.0111.8720.4616.5320.14

Last Updated: May 7, 2024, 7:46 am

Indian Metals & Ferro Alloys Ltd Quarterly Chart

Indian Metals & Ferro Alloys Ltd Profit & Loss

Last Updated: June 3, 2024, 9:28 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,1931,2731,3181,3451,2111,6721,7661,6341,6121,8442,6032,6762,655
Expenses9661,0181,0311,1041,0881,1591,3331,3611,5231,5071,7932,1882,134
Operating Profit22725528724112351343227289338810488521
OPM %19%20%22%18%10%31%24%17%6%18%31%18%20%
Other Income6-11713-14827-62215017919
Interest8369105106818375949755596644
Depreciation568214912211410910198104104110107107
Profit before tax941025026-7336928319-91228658324389
Tax %34%48%30%84%40%33%34%103%27%27%23%30%
Net Profit6253354-44249187-1-66167508226275
EPS in Rs11.8510.166.720.71-8.4746.1034.46-0.19-12.3130.8494.0141.7550.87
Dividend Payout %21%25%22%106%-12%22%22%-1,323%0%16%13%24%

Indian Metals & Ferro Alloys Ltd Profit & Loss Yearly Chart

Indian Metals & Ferro Alloys Ltd Growth

Compounded Sales Growth
10 Years:8%
5 Years:11%
3 Years:15%
TTM:4%
Compounded Profit Growth
10 Years:27%
5 Years:67%
3 Years:33%
TTM:60%
Stock Price CAGR
10 Years:15%
5 Years:53%
3 Years:46%
1 Year:174%
Return on Equity
10 Years:12%
5 Years:16%
3 Years:21%
Last Year:19%

Last Updated: June 16, 2024, 9:11 pm

Indian Metals & Ferro Alloys Ltd Balance Sheet

Last Updated: June 3, 2024, 9:28 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital26262626262727272727545454
Reserves7618248558558071,0371,1891,1431,0571,2151,6611,8191,992
Borrowings9701,1001,0881,1281,060910822766713679490341373
Other Liabilities504390467539501530614719617620616440375
Total Liabilities2,2612,3402,4362,5482,3942,5042,6522,6552,4142,5412,8212,6542,795
Fixed Assets7221,2331,3411,3721,3301,2751,2561,1771,2161,1551,111990971
CWIP6793422171932262362733042642482677083
Investments224120351611486933120155264315
Other Assets8587418669838038329741,1049011,0191,2901,3301,425
Total Assets2,2612,3402,4362,5482,3942,5042,6522,6552,4142,5412,8212,6542,795

Indian Metals & Ferro Alloys Ltd Reserves and Borrowings Chart

Indian Metals & Ferro Alloys Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 110212226174218485290217221207390151
Cash from Investing Activity -436-244-107-43-101-162-88-31-49-106-106140
Cash from Financing Activity 31970-162-113-161-322-191-187-182-99-284-291
Net Cash Flow-738-4318-44210-2-112-01

Indian Metals & Ferro Alloys Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days1316144151311718201211
Inventory Days171218208177176192256168174207162177
Days Payable6795867461881287274495259
Cash Conversion Cycle118138137107130117140103118178122129
Working Capital Days70886122405250327279117142
ROCE %10%8%7%1%23%17%9%0%14%34%18%

Indian Metals & Ferro Alloys Ltd Financial Efficiency Indicators Chart

Indian Metals & Ferro Alloys Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters58.69%58.69%58.69%58.69%58.69%58.69%58.69%58.69%58.69%58.69%58.69%58.69%
FIIs0.74%0.88%1.09%1.07%1.30%1.32%1.25%1.40%1.67%2.47%2.93%2.88%
DIIs0.01%0.02%0.00%0.01%0.01%0.01%0.01%0.01%0.08%0.09%0.10%0.10%
Public40.56%40.41%40.22%40.24%40.00%39.98%40.04%39.89%39.55%38.74%38.29%38.34%
No. of Shareholders35,61436,72237,09541,05442,90944,30945,59243,84044,43942,94747,70547,636

Indian Metals & Ferro Alloys Ltd Shareholding Pattern Chart

No. of Indian Metals & Ferro Alloys Ltd Shareholders

Indian Metals & Ferro Alloys Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Motilal Oswal Nifty Microcap 250 Index Fund14,9820.140.6514,9822024-06-170%
Groww Nifty Total Market Index Fund340014,9822024-06-17-99.77%

Indian Metals & Ferro Alloys Ltd ROCE Trend

Indian Metals & Ferro Alloys Ltd EPS Trend

Indian Metals & Ferro Alloys Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)73.1241.7594.0161.74-24.65
Diluted EPS (Rs.)73.1241.7594.0161.74-24.65
Cash EPS (Rs.)83.4761.72114.51100.5214.17
Book Value[Excl.RevalReserv]/Share (Rs.)394.35352.71323.53471.57413.09
Book Value[Incl.RevalReserv]/Share (Rs.)394.35352.71323.53471.57413.09
Revenue From Operations / Share (Rs.)515.23496.00482.38683.55597.46
PBDIT / Share (Rs.)116.5995.03153.23143.6140.81
PBIT / Share (Rs.)102.1375.15132.81104.982.19
PBT / Share (Rs.)95.6560.02121.8884.68-33.65
Net Profit / Share (Rs.)69.0141.8494.0961.89-24.45
NP After MI And SOA / Share (Rs.)73.1141.7494.0061.73-24.64
PBDIT Margin (%)22.6219.1531.7621.006.83
PBIT Margin (%)19.8215.1527.5315.350.36
PBT Margin (%)18.5612.1025.2612.38-5.63
Net Profit Margin (%)13.398.4319.509.05-4.09
NP After MI And SOA Margin (%)14.198.4119.489.03-4.12
Return on Networth / Equity (%)18.6012.0229.5713.41-6.13
Return on Capital Employeed (%)25.2420.3936.4915.730.35
Return On Assets (%)13.938.4817.976.55-2.75
Long Term Debt / Equity (X)0.000.000.010.230.31
Total Debt / Equity (X)0.070.170.270.460.56
Asset Turnover Ratio (%)1.010.980.970.740.63
Current Ratio (X)2.562.261.321.220.93
Quick Ratio (X)1.461.280.590.610.34
Inventory Turnover Ratio (X)2.132.322.082.071.92
Dividend Payout Ratio (NP) (%)0.0029.936.384.850.00
Dividend Payout Ratio (CP) (%)0.0020.285.242.980.00
Earning Retention Ratio (%)0.0070.0793.6295.150.00
Cash Earning Retention Ratio (%)0.0079.7294.7697.020.00
Interest Coverage Ratio (X)18.007.7814.027.071.14
Interest Coverage Ratio (Post Tax) (X)11.654.669.614.050.31
Enterprise Value (Cr.)3532.681850.722720.011774.15902.18
EV / Net Operating Revenue (X)1.270.691.040.960.55
EV / EBITDA (X)5.623.613.294.588.19
MarketCap / Net Operating Revenue (X)1.240.570.850.660.18
Retention Ratios (%)0.0070.0693.6195.140.00
Price / BV (X)1.630.811.300.980.28
Price / Net Operating Revenue (X)1.240.570.850.660.18
EarningsYield0.110.140.220.13-0.21

Indian Metals & Ferro Alloys Ltd Profitability Ratios (%)

Indian Metals & Ferro Alloys Ltd Liquidity Ratios

Indian Metals & Ferro Alloys Ltd Liquidity Ratios (%)

Indian Metals & Ferro Alloys Ltd Interest Coverage Ratios (%)

Indian Metals & Ferro Alloys Ltd Valuation Ratios

Fair Value

Fair Value: 856.51

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 8.15% compared to the current price 792

Intrinsic Value: 1,968.86

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 148.59% compared to the current price ₹792

Last 5 Year EPS CAGR: 129.87%

*Investments are subject to market risks

Strength and Weakness of Indian Metals & Ferro Alloys Ltd Stock

StrengthWeakness
  1. The company has higher reserves (1,170.38 cr) compared to borrowings (803.08 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (1.23 cr) and profit (182.92 cr) over the years.
  1. The stock has a low average ROCE of 11.75%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 68.75, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 128.08, which may not be favorable.

FAQ

What is the latest fair value of Indian Metals & Ferro Alloys Ltd?

The latest fair value of Indian Metals & Ferro Alloys Ltd is ₹856.51.

What is the Market Cap of Indian Metals & Ferro Alloys Ltd?

The Market Cap of Indian Metals & Ferro Alloys Ltd is 4,268 Cr..

What is the current Stock Price of Indian Metals & Ferro Alloys Ltd as on 21 June 2024?

The current stock price of Indian Metals & Ferro Alloys Ltd as on 21 June 2024 is ₹792.

What is the High / Low of Indian Metals & Ferro Alloys Ltd stocks in FY 2024?

In FY 2024, the High / Low of Indian Metals & Ferro Alloys Ltd stocks is 880/298.

What is the Stock P/E of Indian Metals & Ferro Alloys Ltd?

The Stock P/E of Indian Metals & Ferro Alloys Ltd is 11.5.

What is the Book Value of Indian Metals & Ferro Alloys Ltd?

The Book Value of Indian Metals & Ferro Alloys Ltd is 393.

What is the Dividend Yield of Indian Metals & Ferro Alloys Ltd?

The Dividend Yield of Indian Metals & Ferro Alloys Ltd is 1.89 %.

What is the ROCE of Indian Metals & Ferro Alloys Ltd?

The ROCE of Indian Metals & Ferro Alloys Ltd is 24.2 %.

What is the ROE of Indian Metals & Ferro Alloys Ltd?

The ROE of Indian Metals & Ferro Alloys Ltd is 18.6 %.

What is the Face Value of Indian Metals & Ferro Alloys Ltd?

The Face Value of Indian Metals & Ferro Alloys Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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