Indian Metals & Ferro Alloys share price today

Indian Metals & Ferro Alloys Ltd's share price was ₹1,126.40 at the close on 4 November 2026. It has been falling for 3 weeks. That is 11.6% below its average price over the last 200 trading days. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 23 weeks running.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Indian Metals & Ferro Alloys Ltd is in stage 4. The phase helps read everything below.

In the last 52 weeks it traded between ₹1,091 and ₹1,652, and at that close it sat 6% of the way up from that low.

Over the last 11 years the share price moved +1,912% while the NIFTY 500 moved +243%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 17 June 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

2. Best operating margin in 15 quarters

   Operating margin was 29% in the June 2026 quarter, against 20% a year earlier.

3. Highest quarterly profit in 15 quarters

   Profit of ₹193 crore in the June 2026 quarter is the highest of the last 15 quarters.

   Why: Profit hit a record because ferrochrome prices were higher and the company sold more tons.

   From the earnings call on 4 Aug 2026.

For April to June 2026 (the quarter ended 30 June 2026), Indian Metals & Ferro Alloys reported revenue of ₹960 crore, up 49.5% from ₹642 crore a year earlier, and a profit of ₹193 crore, up 107.5% from ₹93.0 crore.

Indian Metals & Ferro Alloys results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Indian Metals & Ferro Alloys' management discussed these results on a call held on 4 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Indian Metals & Ferro Alloys closed at ₹1,126.40 on 4 November 2026, down 5.9% from ₹1,197.00 a year earlier (7 November 2025) and up 184.6% over five years. Its highest weekly close since April 2016 was ₹1,565.40 on 17 April 2026.

Indian Metals & Ferro Alloys share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

560 weekly closes from 1 April 2016 to 4 November 2026.

12 Nov 2026: Coming up: ex-date for an interim dividend of ₹5 a share. 4 Nov 2026: Indian Metals & Ferro Alloys closed at ₹1,126.40, up 3.2% on the week and down 4.3% on the month.

Earlier

• 4 Aug 2026: Indian Metals & Ferro Alloys held its results call for April to June 2026. Management guided: FY27 production 380,000 tons versus 400,000 tons previously indicated.
• 31 Jul 2026: ex-date for a dividend of ₹7.50 a share.
• Results for April to June 2026: Revenue up 49.5% and profit up 107.5% on a year earlier.
• 11 Nov 2025: ex-date for an interim dividend of ₹5 a share.

Indian Metals & Ferro Alloys paid ₹12.50 a share in regular dividends in the 12 months to 5 November 2026 (2 payments), a yield of 1.11% at the ₹1,126.40 close on 4 November 2026. The last was a dividend of ₹7.50 a share, ex-date 31 July 2026. Next: ₹5 a share, ex-date 12 November 2026.

Indian Metals & Ferro Alloys dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Indian Metals & Ferro Alloys Ltd paid out 16% of its profit as dividends in FY26, and it paid a dividend in 10 of its last 13 reported years. 2 of those years show a negative figure because profit itself was negative.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 4 August 2026, Indian Metals & Ferro Alloys' management guided: FY27 production 380,000 tons versus 400,000 tons previously indicated.

“380,000 tons is what we are expecting for the year. If you remember, we had said 400,000 tons.”Subhrakant Panda, on the call for April to June 2026

What management guided

• FY28 production 475,000-500,000 tons.
• Q2 price realization broadly similar with a slight correction and volume slightly above Q1.
• KNR1 first furnace first tapping around the third week of the month; second furnace by end-September or early October.
• KNR1 and KNR2 stabilization expected to improve margins by ₹1,500-2,000 per ton.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 4 August 2026.

When Indian Metals & Ferro Alloys reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: KNR1 first-furnace tapping and second-furnace commissioning - check the promised sequence and project-update cadence.

Indian Metals & Ferro Alloys is on 2 of our India lists: 52 week high & low and Copper & metal stocks.

Indian Metals & Ferro Alloys Ltd earned ₹193 Cr of net profit in the Jun 2026 quarter, +107.5% on the same quarter a year earlier. That is the 3rd quarter in a row of profit growth. Full-year FY26 profit was ₹425 Cr. That is 20.1% of the quarter's revenue. The same quarter a year earlier earned ₹93.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹425 Cr (+12.1% on the year before).

Why profit moved: revenue changed +49.5% on a year earlier and the margin moved +9.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +61.5% and revenue +24.3%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Indian Metals & Ferro Alloys Ltd reported ₹960 Cr of revenue in the Jun 2026 quarter, +49.5% on the same quarter a year earlier. That is the 4th quarter in a row with growth on the year before. Over 10 years it has grown 8.8% a year on average. The last full year, FY26, came in at ₹2,826 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹3,145 Cr.

FY26 revenue was ₹2,826 Cr, +10.2% on the year before.

Recent pace: the last four quarters grew +24.3% on average, against 8.8% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +23.6%, against +7.1% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +46.6%, against +23.0% a year (accelerating).

Indian Metals & Ferro Alloys Ltd's operating margin was 29.0% in the Jun 2026 quarter, 9.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between 6.0% and 31.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +9.7 percentage points on the year while gross margin changed +6.0 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 119% of Indian Metals & Ferro Alloys Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹318 Cr of operating cash against ₹425 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹1,303 Cr of spending on assets, free cash was −₹985 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 119% of profit came in as cash: the cash cycle got 100 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives.

What to look at next: the bigger use of cash is spending on new assets, at 7.7× depreciation over three years. The next section checks what that spending is building.

Indian Metals & Ferro Alloys Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 218 days in FY26, up from 118 days in FY21. It spent ₹1,501 Cr on assets over the last 3 years. Customers take 31 days to pay, and stock sits for 283 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹2,826 Cr, each day of that cycle ties up about ₹7.7 Cr, so roughly ₹1,688 Cr is tied up in the business at any time.

FY26: customers took 31 days to pay and stock sat for 283 days, about 9.3 months of sales sitting as stock, for a full cycle of 218 days, longer than FY21's 118.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 283 days. Customers pay about 31 days after that. Suppliers are paid at 96 days. Together that makes the 218-day cycle.

Spending on assets: ₹1,501 Cr over the last 3 years, against ₹196 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹794 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Indian Metals & Ferro Alloys Ltd's P/E is 11.6×, in the middle of its own history: higher than 69% of past readings. Its usual P/E (the middle reading) is 9.0×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.