IMFA · Indian Metals & Ferro Alloys Ltd · Iron & Steel
IMFA · Indian Metals & Ferro Alloys Ltd · Iron & Steel
As of 05 Nov close
52-week range
32.6% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 16 Oct 2026
Revenue (latest Q)
₹960 Cr
Revenue YoY
PAT YoY
+108.4%
Operating margin
Revenue, last 3 quarters
Source: Yahoo Finance, as of 30 Jun 2026
P/E (TTM)
P/B
2.2
P/S (TTM)
Not available from data source
Sector P/E
Not available from data source
Dividend yield
+1.1%
Source: Yahoo Finance, as of 29 Oct 2026
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| IMFA (this stock) | 11.4 | 2.2 | +16.7% | Not available from data source | 0.35 | +1.1% |
| JSW Steel * | 12.1 | 3.1 | +13.1% | +24.8% | 1.19 | +0.6% |
| Tata Steel * | 21.2 | 2.8 | +4.6% | +10.8% | 0.9 | +2.2% |
| Jindal Steel * | 39.9 | 2.3 | +4.8% | +5.3% | 0.44 | +0.2% |
* Net margin, ROE, D/E and dividend yield for these companies come from RedixFi fundamentals; the data vendor had no values for them.
Promoter
stable
FII
falling 2q
MF
0.08% (-0.02pp)
stable
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
No related news.
Concalls & investor presentations
AI-generatedKey takeaway: Management reported that Indian Metals & Ferro Alloys Limited (IMFA) achieved its highest-ever revenues and profitability in Q1 FY27, with production reaching 80,000 tons compared to an average of 65,000 tons per quarter. The Managing Director, Subhrakant Panda, noted that the KNR-2 acquisition contributed significantly to this increase. Management indicated a goal of 400,000 tons for FY27 but adjusted this down slightly due to transformer loading concerns and compliance with emission norms. The company is also working on enhancing operational efficiency through digital initiatives and Kaizen practices. Management expressed confidence in maintaining competitiveness despite potential short-term price fluctuations in ferrochrome due to increased production from South Africa. The earnings call concluded with management emphasizing the importance of long-term performance over short-term quarterly results.
Management highlighted record performance and operational improvements.
Sourced from an exchange-filed transcript, dated 11 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Indian Metals & Ferro Alloys Ltd (IMFA) reported record financial performance for Q1 FY27, with revenue reaching ₹960.45 crore, up from ₹641.54 crore in Q1 FY26. EBITDA increased to ₹281.27 crore compared to ₹125.47 crore in the same quarter last year, while PAT rose to ₹191.49 crore from ₹91.48 crore. The company noted that its Greenfield Project (KNR 1) is on track, with the first furnace's output anticipated in August 2026 and the second furnace in September 2026. KNR 2 is fully operational, contributing to a total production exceeding 80,000 tonnes. IMFA is also advancing its ethanol project, with commissioning planned for October 2026. Additionally, a long-term agreement for 65 MWp hybrid energy was signed with Enfinity Global, aiming for 40% of energy consumption from non-fossil sources by mid-2027. Management emphasized a focus on operational efficiency and a diversified business model.
The document highlighted strong financial results and ongoing project advancements.
Sourced from an exchange-filed presentation, dated 04 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: During the earnings conference call held on May 27, 2026, management reported that Indian Metals & Ferro Alloys Limited (IMFA) had a strong operational performance in Q4 FY '26, achieving production of approximately 68,500 tons, which included output from the KNR 2 acquisition. The company noted a significant increase in profit after tax (PAT) from INR 47 crores in the previous year to INR 103 crores, attributed to higher realizations and stable production. Management discussed ongoing projects, including a 70 megawatt renewable energy agreement with JSW Energy and a new 65 megawatt agreement with Enfinity Global. They also provided updates on the KNR 1 and ethanol projects, indicating slight delays but reaffirming that they remain on track. Management expressed confidence in industry fundamentals and the company's positioning for future growth, particularly in domestic sales. The call concluded with a commitment to transparency and operational efficiency.
Management highlighted strong operational performance and growth initiatives.
Sourced from an exchange-filed transcript, dated 03 Jun 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedIndian Metals & Ferro Alloys Limited (IMFA) reported strong financial performance in FY2025-26 with revenue of ₹2,826.31 crore, driven by improved ferro chrome realisations and operational efficiency. The company has no significant regulatory or legal issues impacting its going concern status, and statutory dues are mostly up to date except for ongoing disputes. Key risks include pending tax disputes and contingent liabilities related to income tax and customs, though no defaults or liquidity issues are noted. The company emphasizes robust internal controls and governance practices.
- Revenue reached ₹2,826.31 crore in FY2025-26, reflecting improved ferro chrome prices and operational efficiency.
- No material regulatory orders or defaults noted, with statutory dues mostly paid on time except for disputes.
- Pending tax disputes include income tax assessments (AY 2010-11 to 2023-24) and customs cases (2023-2025).
- Contingent liabilities related to income tax and customs are under dispute but not classified as overdue or defaults.
- Strong internal controls and governance frameworks are in place, with no material weaknesses identified.
Key takeaway: IMFA delivered strong financial results in FY2025-26 with no major defaults or regulatory issues, but faces risks from ongoing tax disputes and contingent liabilities that require monitoring.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Regulatory Action (1 item)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Regulatory Action
1 occurrenceRecent (last 12 months)
The company paid a compounding fee of INR 2,000,000 to the Registrar of Companies, Cuttack, Odisha, for a violation of Section 197 of the Companies Act, 2013 read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.
Routine disclosures
Contingent Liability
3 occurrencesRecent (last 12 months)
The company has contingent liabilities related to legal suits filed against it and demands under the Mines and Minerals Act for alleged excess mineral extraction, with amounts up to ₹ 122.90 crore.
Earlier (1-3 years ago)
The company has contingent liabilities including claims not acknowledged as debts, such as income tax deposits made under protest amounting to ₹45.33 crore as of 31 March 2025, and other taxes and duties with deposits made under protest totaling ₹ 0.21 crore, ₹ 0.17 crore, ₹ 0.21 crore, and ₹ 0.34 crore respectively.
The company has contingent liabilities related to government claims, including income tax, Cenvat credit reversal, excise duty, GST, provisional duty bonds, and entry tax, with amounts ranging from ₹0.03 Crore to ₹6.75 Crore as of 31st March, 2024.
Related-Party Transaction
1 occurrenceEarlier (1-3 years ago)
The company paid dividends to B Panda Trust amounting to 76.55 crore during the year, and received services from UMSL Ltd. worth 30.76 crore, while also rendering services to UMSL Ltd. for 0.15 crore.
Statutory dues in dispute
1 occurrenceRecent (last 12 months)
The company has pending disputes with authorities regarding statutory dues under various acts, including Income Tax, Central Excise, Customs, and Value Added Tax, with amounts in dispute and pending in courts and tribunals.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
5.85% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).