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Indian Metals & Ferro Alloys Ltd share Price Today

Company details

775.00
796.40
289.20
880.00
6M Return 50.12%
1Y Return 173.21%
Mkt Cap.(Cr) 4,195.19
Volume 131,913
Div Yield 0.96%
OI
-
OI Chg %
-
Volume 131,913

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Iron & Steel Products company Indian Metals & Ferro Alloys announced Q4FY24 results:

  • IMFA has reported its Q4 FY24 financial results, showcasing a revenue of Rs 700.56 crore with a notable EBITDA of Rs 135.21 crore.
  • The company maintained a healthy EBITDA margin at 19.30% and achieved a Profit After Tax (PAT) of Rs 82.65 crore.
  • The earnings per share (EPS) stood at Rs 15.32, indicating a robust return for shareholders.
  • Export revenue contributed significantly to the company's earnings with a figure of Rs 630.77 crore.

Operational Performance

  • Ferro chrome production reached a new milestone at 65,139 tonnes, emphasizing IMFA's operational efficiency.
  • With 67,981 tonnes sold, the ferro chrome sales volume reflects the company's strong market presence.
  • Power generation was marked at 286 million units, supporting the company's self-sufficiency in power.
  • Chrome ore raising also surpassed previous records, hitting over 6 lakh tonnes, which demonstrates a significant enhancement in mining operations.

Commenting on the annual results, Subhrakant Panda, Managing Director said: “Excellent operational performance during the year with highest ever ferro chrome production, chrome ore raising, and captive power generation set the stage for a strong financial performance. We are poised to embark on our expansion and diversification plans on the back of a robust Balance Sheet with zero debt, and this will create substantial value in times to come.”

Addressing the demand outlook, he said: “Even as there are some concerns due to ongoing geopolitical conflicts, economic stimulus measures announced by the Chinese Government augur well for commodities in general. Meanwhile, China remains a relatively high cost producer of ferro chrome which provides a base to prices. India’s focus on infrastructure with a large capital expenditure outlay in the interim budget will boost demand for stainless steel and, hence, ferro chrome.”

 

Result PDF

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Indian Metals & Ferro Alloys Ltd shares SWOT Analysis

Strengths (10)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Rising Net Cash Flow and Cash from Operating activity
  • Company with high TTM EPS Growth

Weakness (0)

Data not found

Opportunity (2)

  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (1)

  • Increasing Trend in Non-Core Income

Resistance and support

R1 791.0
R2 804.4
R3 812.4
Pivot

782.98

S1 769.6
S2 761.6
S3 748.2
EMA SMA
740.4
708.5
659.6
578.6
732.0
719.4
661.6
558.2
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-06-11 826.94 311432 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-06-11 826.94 311432 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-04-03 709.97 343770 NSE
Name Category Shares
BAIJAYANT PANDA PROMOTER 1.2%
PARAMITA PANDA PROMOTER 1.2%
SUBHRAKANT PANDA PROMOTER 1.2%
SUBHRAKANT PANDA, TRUSTEE, B PANDA TRUST PROMOTER 51.59%
BP DEVELOPERS PRIVATE LTD PROMOTER 2.25%
NIVEDITA GANAPATHI PROMOTER 1.2%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Indian Metals & Ferro Alloys Ltd Stocks COMPARISON

Financials( in Cr) Indian Metals & Ferro Alloys Ltd Maithan Alloys Ltd Shyam Century Ferrous Ltd Visa Steel Ltd Nagpur Power & Industries Ltd
Price 777.55 1,245.40 17.85 21.79 124.95
% Change -1.86 1.47 -1.05 4.96 0.16
Mcap Cr 4,195.19 3,625.61 378.73 252.31 163.63
Revenue TTM Cr 2,602.95 2,884.95 180.99 657.48 43.83
Net Profit TTM Cr 507.70 498.99 26.64 1,660.28 -3.73
PE TTM 10.64 10.40 0.00 0.00 0.00
1 Year Return 173.21 27.50 -2.19 91.14 92.17
ROCE 32.41 24.87 21.75 -3.89 0.00
ROE 34.34 19.46 15.88 10.39 0.00
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,715.36 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 32,317.57 -2,589.17
LAST 3M 111,725.82 -36,230.77
LAST 6M 182,653.52 -16,910.03
LAST 12M 290,144.87 98,834.05

Indian Metals & Ferro Alloys Ltd Information

Stock PE (TTM)
10.64
Promoter Holding
58.69%
Book Value
392.9421
ROCE
32.41%
ROE
34.34%
Description
  • Indian Metals & Ferro Alloys Limited (IMFA) established in November 20, 1961 as a Public Limited Company, is a leading, fully integrated producer of ferro chrome in India. Located in the State of Odisha known for its natural resources, the Company is India`s largest producer of ferro chrome with 190 MVA installed furnace capacity backed up by 204.55 MW captive power facilities and extensive chrome ore mining tracts. The Company`s ferro chrome output is primarily exported to Korea, China, Japan and Taiwan. The Company operates two manufacturing units at Therubali and Choudwar in Odisha with a total production capacity of 284,000 TPA and a smelting capacity of 190 MVA. It also enjoys two captive mines (in Sukinda and Mahargiri) with a capacity of 6.51 lakh TPA. IMFA has captive power generation capacity of 204.55 MW and solar power capacity of 4.55 MW. During 2000-01, company`s turnover has crossed the Rs.200 crore milestone for the first time despite adverse market conditions for its products which prevailed during the year. In 2005-06, the Company completed Composite Scheme of Arrangement & Amalgamation approved by the Shareholders and Creditors as also by the Hon`ble High Court of Orissa vide its Order dated 13th October 2006. Consequently, ICCL merged with the Company effective from the Appointed date i.e., 01st April, 2005. Pursuant to orders of the Hon`ble High Courts of Andhra Pradesh and Orissa dated 6th November, 2009 and 24th November, 2009 respectively, the Ferro Alloys Division (FAD) of Utkal Manufacturing & Services Ltd (UMSL) got merged with the Company effective from the Appointed date ie. 1st April 2009. The Company commissioned the 30 MW dual fuel power plant in August, 2011. It acquired 70% stake in an Indonesian coal mine Pt Sumber Rahayu Indah through its step-down subsidiary incorporated in Singapore in 2011-12. Utkal Green Energy Limited, a subsidiary of the Company which started its operation during the year 2011-12, has transferred its undertaking comprising of completed Fly Ash Brick Plant; a Fly Ash Brick Plant under construction; a Light Weight Aggregate Plant under construction together with their respective assets & liabilities on a going concern basis to the Company. It commissioned the 3 MW solar power facility at Therubali in June, 2017. During the year 2018-19, Hon`ble National Company Law Tribunal, Cuttack Bench passed an Order on 26th March, 2019, approving the Scheme of Amalgamation amongst Indian Metals & Carbide Limited (IMCL), B Panda and Company Private Limited (BPCO) with Indian Metals & Ferro Alloys Limited (the Company), which became effective on 30th April, 2019.

Registered Address

IMFA Building Bhomikhal, P O Rasulgarh, Bhubaneswar, Orissa, 751010

Tel : 91-674-2580100/25/3051000
Email : mail:imfa.in; secretarial:imfa.in; investor-relati
Website : http://www.imfa.in
Registrar

Indian Metals & Ferro Alloys

AGM Date (Month) : Jul
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 533047
NSE Code : IMFA
Book Closure Date (Month) : Jul
BSE Group : B
ISIN : INE919H01018

FAQ’s on Indian Metals & Ferro Alloys Ltd Shares

You can buy Indian Metals & Ferro Alloys Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Indian Metals & Ferro Alloys Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 14, 2024 03:57 PM the closing price of Indian Metals & Ferro Alloys Ltd was Rs.777.55.

The latest PE ratio of Indian Metals & Ferro Alloys Ltd as of Jun 14, 2024 03:57 PM is 10.64

The latest PB ratio of Indian Metals & Ferro Alloys Ltd as of Jun 14, 2024 03:57 PM is 0.51

The 52-week high of Indian Metals & Ferro Alloys Ltd share price is Rs. 880.00 while the 52-week low is Rs. 289.20

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 14, 2024 03:57 PM, the market cap of Indian Metals & Ferro Alloys Ltd stood at Rs. 4,195.19.

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