About
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 stainless steel manufacturers and international traders and distributors. Indian Metals and Ferro Alloys Limited was incorporated in 1961 and is headquartered in Bhubaneswar, India.
Key Metrics
as of Sep 2026Market Cap6,956 Cr
P/E13.30
Div Yield0.97 %
Book Value₹504.00
52w High₹1,680.00
52w Low₹909.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 960.00 | 763.00 | 703.00 | 719.00 | 642.00 | 567.00 | 643.00 | 692.00 | 662.00 | 701.00 | 685.00 | 693.00 | 702.00 |
| Expenses | 679.00 | 604.00 | 538.00 | 580.00 | 516.00 | 497.00 | 515.00 | 521.00 | 500.00 | 575.00 | 526.00 | 542.00 | 529.00 |
| Operating Profit | 281.00 | 159.00 | 164.00 | 138.00 | 125.00 | 71.00 | 128.00 | 171.00 | 162.00 | 125.00 | 159.00 | 150.00 | 173.00 |
| OPM % | 29.00 | 21.00 | 23.00 | 19.00 | 20.00 | 12.00 | 20.00 | 25.00 | 24.00 | 18.00 | 23.00 | 22.00 | 25.00 |
| Other Income | 12.00 | 7.00 | 21.00 | 17.00 | 21.00 | 17.00 | 18.00 | 20.00 | 17.00 | 11.00 | 9.00 | 13.00 | 10.00 |
| Depreciation | 23.00 | 18.00 | 15.00 | 15.00 | 15.00 | 14.00 | 14.00 | 13.00 | 14.00 | 13.00 | 15.00 | 26.00 | 25.00 |
| Interest | 13.00 | 12.00 | 10.00 | 9.00 | 8.00 | 11.00 | 9.00 | 6.00 | 5.00 | 6.00 | 9.00 | 14.00 | 9.00 |
| Profit before tax | 257.00 | 136.00 | 160.00 | 132.00 | 124.00 | 63.00 | 123.00 | 171.00 | 160.00 | 118.00 | 144.00 | 124.00 | 149.00 |
| Tax % | 25.00 | 24.00 | 19.00 | 25.00 | 26.00 | 26.00 | 24.00 | 26.00 | 27.00 | 53.00 | 25.00 | 27.00 | 26.00 |
| Net Profit | 191.00 | 103.00 | 131.00 | 99.00 | 91.00 | 47.00 | 93.00 | 126.00 | 118.00 | 56.00 | 108.00 | 90.00 | 110.00 |
| EPS in Rs | 35.49 | 19.17 | 24.22 | 18.31 | 16.96 | 8.72 | 17.26 | 23.30 | 21.78 | 10.36 | 19.99 | 16.67 | 20.39 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,826.00 | 2,565.00 | 2,780.00 | 2,676.00 | 2,603.00 | 1,844.00 | 1,612.00 | 1,634.00 | 1,766.00 | 1,672.00 | 1,211.00 | 1,345.00 |
| Expenses | 2,238.00 | 2,034.00 | 2,173.00 | 2,188.00 | 1,799.00 | 1,506.00 | 1,523.00 | 1,353.00 | 1,332.00 | 1,157.00 | 1,088.00 | 1,104.00 |
| Operating Profit | 588.00 | 531.00 | 608.00 | 489.00 | 804.00 | 338.00 | 89.00 | 281.00 | 433.00 | 515.00 | 123.00 | 241.00 |
| OPM % | 21.00 | 21.00 | 22.00 | 18.00 | 31.00 | 18.00 | 6.00 | 17.00 | 25.00 | 31.00 | 10.00 | 18.00 |
| Other Income | 66.00 | 67.00 | 42.00 | 10.00 | 25.00 | 51.00 | 20.00 | -56.00 | 28.00 | 49.00 | -1.00 | 23.00 |
| Interest | 38.00 | 31.00 | 37.00 | 68.00 | 62.00 | 57.00 | 99.00 | 96.00 | 78.00 | 86.00 | 84.00 | 109.00 |
| Depreciation | 63.00 | 55.00 | 78.00 | 107.00 | 110.00 | 104.00 | 104.00 | 98.00 | 101.00 | 109.00 | 114.00 | 122.00 |
| Profit before tax | 553.00 | 512.00 | 534.00 | 323.00 | 657.00 | 227.00 | -94.00 | 30.00 | 282.00 | 370.00 | -75.00 | 33.00 |
| Tax % | 23.00 | 26.00 | 32.00 | 30.00 | 23.00 | 27.00 | -27.00 | 63.00 | 34.00 | 32.00 | -41.00 | 64.00 |
| Net Profit | 424.00 | 378.00 | 364.00 | 226.00 | 508.00 | 167.00 | -69.00 | 11.00 | 187.00 | 250.00 | -45.00 | 12.00 |
| EPS in Rs | 78.65 | 70.08 | 67.41 | 41.84 | 94.13 | 30.88 | -12.69 | 2.04 | 34.56 | 46.26 | -8.60 | 2.30 |
| Dividend Payout % | 16.00 | 29.00 | 11.00 | 24.00 | 13.00 | 16.00 | 0.00 | 122.00 | 22.00 | 22.00 | -9.00 | 33.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 54.00 | 54.00 | 54.00 | 54.00 | 54.00 | 27.00 | 27.00 | 27.00 | 27.00 | 27.00 | 26.00 | 26.00 |
| Reserves | 2,638.00 | 2,268.00 | 2,025.00 | 1,805.00 | 1,647.00 | 1,200.00 | 1,042.00 | 1,130.00 | 1,169.00 | 1,016.00 | 783.00 | 837.00 |
| Borrowings | 982.00 | 414.00 | 263.00 | 368.00 | 518.00 | 708.00 | 743.00 | 796.00 | 853.00 | 941.00 | 1,014.00 | 1,069.00 |
| Other Liabilities | 633.00 | 432.00 | 563.00 | 410.00 | 585.00 | 590.00 | 586.00 | 685.00 | 583.00 | 500.00 | 469.00 | 504.00 |
| Total Liabilities | 4,306.00 | 3,168.00 | 2,905.00 | 2,636.00 | 2,805.00 | 2,525.00 | 2,398.00 | 2,638.00 | 2,632.00 | 2,484.00 | 2,292.00 | 2,437.00 |
| Fixed Assets | 1,571.00 | 1,050.00 | 997.00 | 969.00 | 922.00 | 962.00 | 1,020.00 | 978.00 | 1,001.00 | 1,017.00 | 1,067.00 | 1,108.00 |
| CWIP | 794.00 | 75.00 | 78.00 | 70.00 | 70.00 | 55.00 | 74.00 | 118.00 | 90.00 | 56.00 | 60.00 | 45.00 |
| Investments | 374.00 | 899.00 | 364.00 | 377.00 | 262.00 | 228.00 | 141.00 | 181.00 | 314.00 | 327.00 | 202.00 | 168.00 |
| Other Assets | 1,566.00 | 1,144.00 | 1,466.00 | 1,221.00 | 1,551.00 | 1,280.00 | 1,162.00 | 1,361.00 | 1,227.00 | 1,084.00 | 963.00 | 1,116.00 |
| Total Assets | 4,306.00 | 3,168.00 | 2,905.00 | 2,636.00 | 2,805.00 | 2,525.00 | 2,398.00 | 2,638.00 | 2,632.00 | 2,484.00 | 2,292.00 | 2,437.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 319.00 | 586.00 | 332.00 | 518.00 | 389.00 | 207.00 | 225.00 | 228.00 | 290.00 | 423.00 | 230.00 | 184.00 |
| Cash from Investing Activity | -753.00 | -560.00 | -75.00 | -222.00 | -105.00 | -103.00 | -51.00 | -26.00 | -86.00 | -248.00 | -125.00 | -9.00 |
| Cash from Financing Activity | 459.00 | -71.00 | -212.00 | -296.00 | -283.00 | -101.00 | -184.00 | -205.00 | -193.00 | -174.00 | -137.00 | -157.00 |
| Net Cash Flow | 25.00 | -44.00 | 44.00 | 1.00 | 0.00 | 2.00 | -11.00 | -2.00 | 11.00 | 2.00 | -32.00 | 17.00 |
| Free Cash Flow | -1,016.00 | 472.00 | 219.00 | 376.00 | 302.00 | 182.00 | 131.00 | 125.00 | 173.00 | 382.00 | 145.00 | 108.00 |
| CFO/OP % | 77.00 | 135.00 | 82.00 | 120.00 | 75.00 | 69.00 | 249.00 | 97.00 | 85.00 | 88.00 | 197.00 | 78.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 31.00 | 16.00 | 18.00 | 12.00 | 20.00 | 18.00 | 7.00 | 11.00 | 13.00 | 15.00 | 4.00 | 14.00 |
| Inventory Days | 283.00 | 264.00 | 224.00 | 162.00 | 207.00 | 174.00 | 168.00 | 256.00 | 192.00 | 176.00 | 177.00 | 208.00 |
| Days Payable | 96.00 | 70.00 | 89.00 | 52.00 | 49.00 | 74.00 | 72.00 | 128.00 | 88.00 | 61.00 | 74.00 | 86.00 |
| Cash Conversion Cycle | 218.00 | 210.00 | 153.00 | 121.00 | 178.00 | 118.00 | 103.00 | 140.00 | 117.00 | 130.00 | 107.00 | 137.00 |
| Working Capital Days | 13.00 | 41.00 | 71.00 | 59.00 | 50.00 | 50.00 | 31.00 | 52.00 | 66.00 | 58.00 | 19.00 | 47.00 |
| ROCE % | 18.00 | 21.00 | 25.00 | 18.00 | 34.00 | 15.00 | 0.00 | 10.00 | 17.00 | 24.00 | 1.00 | 8.00 |
Corporate Actions
30 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 31 Jul 2026 | 31 Jul 2026 | — | 7.50 | |
| Dividend | 11 Nov 2025 | 11 Nov 2025 | — | 5.00 | |
| Dividend | 25 Jul 2025 | 25 Jul 2025 | — | 5.00 | |
| Dividend | 05 Feb 2025 | 05 Feb 2025 | — | 5.00 | |
| Dividend | 14 Nov 2024 | 15 Nov 2024 | — | 10.00 | |
| Dividend | 22 Jul 2024 | — | — | 7.50 | |
| Dividend | 08 Apr 2024 | 08 Apr 2024 | — | 15.00 | |
| Dividend | 10 Nov 2023 | 10 Nov 2023 | — | 7.50 | |
| Dividend | 21 Jul 2023 | — | — | 5.00 | |
| Dividend | 03 Nov 2022 | 04 Nov 2022 | — | 5.00 | |
| Dividend | 21 Jul 2022 | — | — | 7.50 | |
| Bonus | 07 Jan 2022 | 10 Jan 2022 | 1:1 | — | |
| Dividend | 08 Nov 2021 | 09 Nov 2021 | — | 5.00 | |
| Dividend | 20 Jul 2021 | — | — | 7.00 | |
| Dividend | 17 Feb 2021 | 19 Feb 2021 | — | 3.00 | |
| Other | 15 Sep 2020 | — | — | — | Annual General Meeting |
| Dividend | 08 Jul 2019 | — | — | 5.00 | |
| Dividend | 09 Jul 2018 | — | — | 10.00 | |
| Dividend | 28 Mar 2018 | 03 Apr 2018 | — | 5.00 | |
| Dividend | 07 Jul 2017 | — | — | 10.00 | |
| Dividend | 14 Feb 2017 | 15 Feb 2017 | — | 10.00 | |
| Other | 18 Jul 2016 | — | — | — | Annual General Meeting |
| Dividend | 15 Jul 2015 | — | — | 1.50 | |
| Dividend | 11 Jul 2014 | — | — | 3.00 | |
| Dividend | 18 Jul 2013 | — | — | 5.00 | |
| Dividend | 20 Jul 2012 | — | — | 5.00 | |
| Dividend | 08 Jul 2011 | — | — | 5.00 | |
| Dividend | 11 Nov 2010 | 12 Nov 2010 | — | 5.00 | |
| Dividend | 09 Jul 2010 | — | — | 5.00 | |
| Dividend | 08 Jul 2009 | — | — | 10.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update5 Dec 2025 from icra
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Rating update4 Sep 2024 from icra
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Rating update26 Aug 2024 from icra
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Rating update28 Aug 2023 from icra
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Rating update15 Mar 2023 from icra
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Rating update4 Mar 2022 from icra