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Indian Metals & Ferro Alloys share price & results

Indian Metals & Ferro Alloys Limited· Metals & Mining· Commodities

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

Odisha ferrochrome maker with captive chrome mines, captive power, and smelting for stainless-steel exports.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue960 ₹ crore+49.5% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin29.0 %+9.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit191 ₹ crore+109.9% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity20.73 %−0.2 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin-35.95 %−54.3 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)23.62 %+17.9 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

3 of 12 judged targets kept · 8 open · verdicts reflect calls analysed to Q1 FY27.

Indian Metals & Ferro Alloys Limited management guidance track record on Inve: 20 targets tracked across analysed earnings calls (3 achieved, 9 missed, 8 open).

TargetOriginal wordingSaidLatest callVerdict
Total Ferrochrome Capacity0.5 million tons in 3 to 4 years
Call transcript, Q3 FY25 · 4 Feb 2025		Q3 FY25Q1 FY27:Promise remains achieved. Total capacity is above 0.5 million tons.
Call transcript, Q1 FY27 · 4 Aug 2026		Achieved
Kalinganagar Greenfield Project CapexTotal project cost of Rs. 650-700 crores, with specific annual outlays.
Call transcript, Q3 FY25 · 4 Feb 2025		Q3 FY25Q1 FY27:The overall project cost was not addressed. A minor additional budget of INR 15-20 crores was approved for KNR-2 environmental work, but this does not clarify the total project capex.
Call transcript, Q1 FY27 · 4 Aug 2026		Ghosted
FY27 Ferrochrome Production3.1 lakh to 3.2 lakh tons
Call transcript, Q4 FY25 · 23 May 2025		Q4 FY25Q1 FY27:Guidance toned down from 400,000 tons to 380,000 tons due to operational issues (transformer limitations, GCP work) at the acquired KNR-2 plant.
Call transcript, Q1 FY27 · 4 Aug 2026		Revised Down

Source: Inve Guidance Tracker for Indian Metals & Ferro Alloys Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

9 of Indian Metals & Ferro Alloys Limited's 20 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 17 more targets are in the full ledger.

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Price

₹1,092.2 +0.89% · +₹9.6

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance +1.0% 1Y

₹1.2k₹1.4k₹1.6kOct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 7 Nov 2025Q3 FY26 — 6 Feb 2026Q4 FY26 — 27 May 2026Q1 FY27 — 4 Aug 2026

1Y: ₹1,081.2 on 24 Oct 2025 → ₹1,092.2. High ₹1,653.9 (29 Apr 2026), low ₹1,081.2 (24 Oct 2025).

Previous close
₹1,082.6
Market cap
₹5.8k Cr
52-week range
₹1,082.6 – ₹1,653.9
One year
−0.55%
Price to earnings (TTM to Jun 2026)
11.13×
Return on equity (TTM to Jun 2026)
20.73%

Overview

Symbol
NSE:IMFA
Industry
Commodities
Exchange
NSE
Currency
INR

What Indian Metals & Ferro Alloys Limited does

Based on the company's own presentations, annual report and earnings calls.

Indian Metals & Ferro Alloys (IMFA) is a fully integrated ferrochrome producer that controls the entire value chain from captive chromite mining and captive power generation through to smelting and export of ferro chrome. It runs manufacturing complexes at Choudwar and Therubali in Odisha, housing six submerged arc furnaces, and is backed by its own chromite mines at Sukinda and Mahagiri and captive thermal power plants that keep production running uninterrupted. Most of its high-carbon ferrochrome (charge chrome) output is exported to stainless-steel manufacturers across Asia and Europe. The company is expanding its footprint through the acquired Tata Steel ferrochrome plant at Kalinganagar, a greenfield furnace project at the same site, a growing hybrid renewable power portfolio, and a new ethanol business.

Segments

  • Ferro alloys
  • Power
  • Mining
  • Others
Ferro alloy (ferrochrome) production capacity
284,000 tonnes per annum
Furnace capacity
190 MVA across six submerged arc furnaces
Manufacturing complexes
2 in Odisha — Choudwar and Therubali
Kalinganagar ferrochrome plant
Acquired from Tata Steel Limited (transaction closed 27 February 2026), now contributing to production
Captive power generation capacity
204.55 MW from captive thermal power plants
Captive chromite mines
Sukinda and Mahagiri mines, Odisha
Founded 1961Headquarters Bhubaneswar, Odisha, India Company website

How the price took the results

close before → close after

Q1 FY27
−1.7%
4 Aug
Q4 FY26
−0.2%
27 May
Q3 FY26
−0.7%
6 Feb
Q2 FY26
+6.0%
7 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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