# Indian Metals & Ferro Alloys share price today (Indian Metals & Ferro Alloys Ltd, NSE: IMFA)

> Indian Metals & Ferro Alloys share price today: ₹1,099.40 at the NSE close on 3 November 2026, down 8.6% in a year. Indian Metals & Ferro Alloys (NSE: IMFA) is worth ₹5,932 crore, trades at a P/E of 11.3 and has closed between ₹1,091.20 and ₹1,652.10 over the past 52 weeks. > Indian Metals & Ferro Alloys Ltd's earnings have grown faster than its share price. Earnings per share grew +12.0% in a year while the price moved −8.6%. IMFA · Mining/Minerals · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/indian-metals-ferro-alloys-ltd

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## Key numbers

- Business trend: Growing steadily, from the last 12 quarters
- Price: ₹1,099.40 (−8.6% in a year)
- P/E: 11.3× (higher than 68% of the last 11 years)
- Revenue (Jun 2026): ₹960 Cr (+49.5% on a year ago)
- Profit (Jun 2026): ₹193 Cr (+107.5% on a year ago)
- Operating margin: 29.0% (+9.0 points on a year ago)
- ROCE: 18%, FY26
- ROIC: 15.7%, against a 12.0% cost of capital: +3.7 points

Biggest thing to watch: the P/E is higher than 68% of its own history, so the multiple has already done part of the work. ## What is the Indian Metals & Ferro Alloys share price today? Indian Metals & Ferro Alloys Ltd's share price was ₹1,099.40 at the close on 3 November 2026. It has been falling for 3 weeks. That is 13.7% 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. In the last 52 weeks it traded between ₹1,091 and ₹1,652, and at that close it sat 1% of the way up from that low. Over the last 11 years the share price moved +1,864% 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. ## What changed at Indian Metals & Ferro Alloys this quarter? 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. ## What are Indian Metals & Ferro Alloys' latest quarterly results? 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

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹960 crore | ₹642 crore | +49.5% |
| Profit | ₹193 crore | ₹93.0 crore | +107.5% |
| Earnings per share | ₹35.65 | ₹17.11 | +108.4% |
| Operating margin | 29.0% | 20.0% | +9.0 points |

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.)

## What is the Indian Metals & Ferro Alloys share price history? Indian Metals & Ferro Alloys closed at ₹1,099.40 on 3 November 2026, down 8.6% from ₹1,202.60 a year earlier (31 October 2025) and up 177.8% 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

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹1,099.70 | 0.0% |
| 1 month ago · 1 Oct 2026 | ₹1,176.80 | −6.6% |
| 6 months ago · 30 Apr 2026 | ₹1,502.60 | −26.8% |
| 1 year ago · 31 Oct 2025 | ₹1,202.60 | −8.6% |
| 3 years ago · 3 Nov 2023 | ₹438.70 | +150.6% |
| 5 years ago · 4 Nov 2021 | ₹395.75 | +177.8% |
| 10 years ago · 4 Nov 2016 | ₹199.75 | +450.4% |
| Earliest weekly close in our records · 1 Apr 2016 | ₹55.98 | +1,863.9% |
| Highest weekly close since April 2016 · 17 Apr 2026 | ₹1,565.40 | −29.8% |
| Lowest weekly close since April 2016 · 27 Mar 2020 | ₹55.25 | +1,889.9% |
| 52-week high (weekly close) · 29 Apr 2026 | ₹1,652.10 | −33.5% |
| 52-week low (weekly close) · 30 Oct 2026 | ₹1,091.20 | +0.8% |

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 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (560 weekly closes from 1 April 2016 to 3 November 2026.)

## What is the latest news on Indian Metals & Ferro Alloys? 3 Nov 2026: Indian Metals & Ferro Alloys closed at ₹1,099.40, up 0.0% on the week and down 6.6% on the month. 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. ### Earlier

- 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. ## What dividend does Indian Metals & Ferro Alloys pay? Indian Metals & Ferro Alloys paid ₹12.50 a share in regular dividends in the 12 months to 4 November 2026 (2 payments), a yield of 1.14% at the ₹1,099.40 close on 3 November 2026. The last was a dividend of ₹7.50 a share, ex-date 31 July 2026. ### Indian Metals & Ferro Alloys dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 31 Jul 2026 | ₹7.50 | Dividend | same day |
| 11 Nov 2025 | ₹5 | Interim | same day |
| 25 Jul 2025 | ₹5 | Dividend | same day |
| 5 Feb 2025 | ₹5 | Interim | same day |
| 14 Nov 2024 | ₹10 | Interim | 15 Nov 2024 |
| 22 Jul 2024 | ₹7.50 | Dividend | n/a |
| 8 Apr 2024 | ₹15 | Special | same day |
| 10 Nov 2023 | ₹7.50 | Interim | same day |
| 21 Jul 2023 | ₹5 | Dividend | n/a |
| 3 Nov 2022 | ₹5 | Interim | 4 Nov 2022 |
| 21 Jul 2022 | ₹7.50 | Dividend | n/a |
| 8 Nov 2021 | ₹5 | Interim | 9 Nov 2021 |
| 20 Jul 2021 | ₹7 | Dividend | n/a |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

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 4 November 2026.)

## What did Indian Metals & Ferro Alloys management say on the latest results call? 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](https://files.tijorifinance.com/insight/india/5986/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 4 August 2026.)

## What to watch in Indian Metals & Ferro Alloys' next results? 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. - What to check (from the call)
- KNR1 first-furnace tapping and second-furnace commissioning - check the promised sequence and project-update cadence. - KNR2 transformer replacement and gas-cleaning work - check whether loading restrictions ease without emissions-compliance issues. - Full-year production delivery against the revised plan - check whether ramp timing supports the updated framework. - JSW Energy renewable power flow - check commissioning and any contribution to ramp economics. ## Which stock lists is Indian Metals & Ferro Alloys on? Indian Metals & Ferro Alloys is on 2 of our India lists: 52 week high & low and Copper & metal stocks. - [52 week high & low 52-week position: Near 52-week low](https://www.sectoralpha.in/52-week-high-stocks-india)
- [Copper & metal stocks Group on the list: Iron ore and other metal ores](https://www.sectoralpha.in/copper-stocks-india)

## Is Indian Metals & Ferro Alloys profitable? 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. 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. ## How much revenue does Indian Metals & Ferro Alloys make, and is it growing? 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. 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). ## How much of every ₹100 of sales does Indian Metals & Ferro Alloys keep? 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. 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. ## Is Indian Metals & Ferro Alloys' profit turning into cash? 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. 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. ## Where does Indian Metals & Ferro Alloys' cash go? 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. 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. ## What is Indian Metals & Ferro Alloys' P/E ratio, and how does it compare with its own history? Indian Metals & Ferro Alloys Ltd's P/E is 11.3×, in the middle of its own history: higher than 68% 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. Why the multiple is where it is: over the past year earnings per share moved +12.0% while the price moved −8.6%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +22.7% a year; about +9.2% a year came from earnings growth and about +13.5 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Indian Metals & Ferro Alloys business getting better or worse? Indian Metals & Ferro Alloys Ltd's business is growing steadily. Profit and EPS growth have stayed positive throughout, and ROCE is steady at 26.0%. This is based on 12 quarters of 4 measures. Why it matters: steady growth with healthy returns is how a business compounds over time. ## How much does Indian Metals & Ferro Alloys earn on its capital? Indian Metals & Ferro Alloys Ltd earned a ROCE of 18% in FY26. That is up from a low of 0% in FY20. Its return on capital used (ROIC) is 3.7 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 15.0% net margin and 0.65× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 15.0% net margin × 0.65× asset turnover × 1.59× leverage (assets divided by equity) ≈ 15.5% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 15.7% − 12.0% = +3.7 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. ## Does Indian Metals & Ferro Alloys have too much debt? Indian Metals & Ferro Alloys Ltd has total debt of ₹958 Cr against shareholder equity of ₹2,726 Cr as of Jun 2026, so its debt is 0.35× its equity. Year by year, that ratio went from 0.28 in FY22 to 0.35 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the Indian Metals & Ferro Alloys shareholding pattern? No group of Indian Metals & Ferro Alloys Ltd's owners changed its stake by a full percentage point over the last two years. Domestic institutions moved −0.1 points over the same period, to 0.8%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: −0.2 points over 8 quarters, to 2.9%; Domestic institutions: −0.1 points over 8 quarters, to 0.8%; Promoters: +0.0 points over 8 quarters, to 58.7%. ## How far is Indian Metals & Ferro Alloys from balance-sheet trouble? For Indian Metals & Ferro Alloys Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Indian Metals & Ferro Alloys rank in its industry? 54.0 out of 100, rank 5 of 14 in Mining/Minerals, with 96% of the evidence available. Indian Metals & Ferro Alloys Ltd scores 54.0 out of 100 against the 14 companies it is compared with in Mining/Minerals, ranking 5. Earnings are strong; relative strength in its sector is -4.7% and the one-year return is -9.3%. The four parts add up to the total exactly: 24.5 + 16.1 + 8.9 + 4.5 = 54. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Indian Metals & Ferro Alloys compared with? Indian Metals & Ferro Alloys ranks 5 of 14 Mining/Minerals companies on the 4-Factor Sector Score, with 54.0 out of 100. 1. [South West Pinnacle Exploration Ltd](https://www.sectoralpha.in/stocks/south-west-pinnacle-exploration-ltd) SOUTHWEST · quiet · Most evidence points up · 96% evidence 67.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.5/35 · Revenue 39.2% · Profit 100% · Operating margin change 9.8 points · 88% evidence Capital efficiency 18.4/25 · ROCE 20.1% · Operating margin 24.2% · 100% evidence Valuation 14.8/20 · P/E 14.3× · PEG 1.26 · 100% evidence Relative strength 5.8/20 · Lead over its industry -2.8% · Lead over NIFTY 500 -12.5% · 1 year 11.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 28.5 + 18.4 + 14.8 + 5.8 = 67.5 · What this means: Earnings are strong; relative strength in its sector is -2.8% and the one-year return is 11.2%. 2. [Vedanta Ltd](https://www.sectoralpha.in/stocks/vedanta-ltd) VEDL · quiet · Most evidence points up · 82% evidence 67.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.5/35 · Revenue 45.7% · Profit 76% · Operating margin change 9 points · 95% evidence Capital efficiency 15.2/25 · ROCE 16.1% · Operating margin 38% · 76% evidence Valuation 9.1/20 · P/E 7× · PEG n/a · 50% evidence Relative strength 16.5/20 · Lead over its industry 8.2% · Lead over NIFTY 500 -2.8% · 1 year 33% · 100% evidence · 0 of 12 weeks ahead Exact sum: 26.5 + 15.2 + 9.1 + 16.5 = 67.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Coal India Ltd](https://www.sectoralpha.in/stocks/coal-india-ltd) COALINDIA · breaking out · Evidence leans up · 82% evidence 59.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.0/35 · Revenue 11.5% · Profit 7.8% · Operating margin change 1 points · 95% evidence Capital efficiency 20.0/25 · ROCE 35% · Operating margin 19% · 76% evidence Valuation 10.8/20 · P/E 7.2× · PEG n/a · 50% evidence Relative strength 16.6/20 · Lead over its industry 6.2% · Lead over NIFTY 500 -4.1% · 1 year 0.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 12 + 20 + 10.8 + 16.6 = 59.4 · What this means: Relative strength against the index is -4.1%, and revenue and profit growth are weak. 4. [Ashapura Minechem Ltd](https://www.sectoralpha.in/stocks/ashapura-minechem-ltd) ASHAPURMIN · quiet · Evidence leans up · 63% evidence 57.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.5/35 · Revenue 62.6% · Profit 19.5% · Operating margin change -2 points · 83% evidence Capital efficiency 17.0/25 · ROCE 20.9% · Operating margin 11% · 76% evidence Valuation 13.7/20 · P/E 9.5× · PEG n/a · 50% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -31.5% · 1 year -38.4% · 25% evidence · 0 of 12 weeks ahead Exact sum: 19.5 + 17 + 13.7 + 7.5 = 57.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. Indian Metals & Ferro Alloys Ltd this page IMFA · quiet · Evidence leans up · 96% evidence 54.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.5/35 · Revenue 23.6% · Profit 46.6% · Operating margin change 9 points · 88% evidence Capital efficiency 16.1/25 · ROCE 18.4% · Operating margin 29% · 100% evidence Valuation 8.9/20 · P/E 11.2× · PEG 1.4 · 100% evidence Relative strength 4.5/20 · Lead over its industry -4.7% · Lead over NIFTY 500 -13.9% · 1 year -9.3% · 100% evidence · 0 of 12 weeks ahead Exact sum: 24.5 + 16.1 + 8.9 + 4.5 = 54 · What this means: Earnings are strong; relative strength in its sector is -4.7% and the one-year return is -9.3%. 6. [Orissa Minerals Development Company Ltd](https://www.sectoralpha.in/stocks/orissa-minerals-development-company-ltd) ORISSAMINE · quiet · Too little evidence to rank firmly · 56% evidence 52.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.7/35 · Revenue 47.5% · Profit 100% · Operating margin change 26.9 points · 65% evidence Capital efficiency 10.8/25 · ROCE 9.6% · Operating margin 31.5% · 100% evidence Valuation 8.7/20 · P/E 571× · PEG n/a · 15% evidence Relative strength 8.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -20.3% · 1 year -40.8% · 25% evidence · 3 of 12 weeks ahead Exact sum: 24.7 + 10.8 + 8.7 + 8.5 = 52.7 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 7. [MOIL Ltd](https://www.sectoralpha.in/stocks/moil-ltd) MOIL · quiet · Evidence leans up · 96% evidence 51.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.9/35 · Revenue 4.9% · Profit 7.8% · Operating margin change 14 points · 88% evidence Capital efficiency 13.0/25 · ROCE 12.4% · Operating margin 37% · 100% evidence Valuation 15.8/20 · P/E 14.3× · PEG 0.68 · 100% evidence Relative strength 7.0/20 · Lead over its industry -15.8% · Lead over NIFTY 500 -23.6% · 1 year -41.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 15.9 + 13 + 15.8 + 7 = 51.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [KIOCL Ltd](https://www.sectoralpha.in/stocks/kiocl-ltd) KIOCL · basing · Too little evidence to rank firmly · 56% evidence 44.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.9/35 · Revenue 27.5% · Profit 100% · Operating margin change 29 points · 65% evidence Capital efficiency 2.9/25 · ROCE 1.4% · Operating margin -17% · 100% evidence Valuation 9.0/20 · P/E 507× · PEG n/a · 15% evidence Relative strength 9.8/20 · Lead over its industry n/a · Lead over NIFTY 500 -7.1% · 1 year -24.7% · 25% evidence · 0 of 12 weeks ahead Exact sum: 22.9 + 2.9 + 9 + 9.8 = 44.6 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 9. [20 Microns Ltd](https://www.sectoralpha.in/stocks/20-microns-ltd) 20MICRONS · quiet · Evidence leans down · 85% evidence 44.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 7.8/35 · Revenue 4.2% · Profit 4.8% · Operating margin change -2 points · 100% evidence Capital efficiency 16.9/25 · ROCE 17.3% · Operating margin 12% · 100% evidence Valuation 10.3/20 · P/E 8.9× · PEG 1.48 · 100% evidence Relative strength 9.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -9.8% · 1 year -21.9% · 25% evidence · 8 of 12 weeks ahead Exact sum: 7.8 + 16.9 + 10.3 + 9.5 = 44.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Midwest Energy Ltd](https://www.sectoralpha.in/stocks/midwest-gold-ltd) quiet · Too little evidence to rank firmly · 56% evidence 40.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.9/43.75 · Revenue 100% · Profit -80% · Operating margin change 573.9 points · 83% evidence Capital efficiency 5.5/31.25 · ROCE 1.6% · Operating margin 18.8% · 95% evidence Valuation 10.6/25 · P/E 631× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 23.9 + 5.5 + 10.6 = 40 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 11. [Gujarat Mineral Development Corporation Ltd](https://www.sectoralpha.in/stocks/gujarat-mineral-development-corporation-ltd) GMDCLTD · quiet · Evidence leans down · 100% evidence 38.6 out of 100 Growth Capital Valuation Relative
12. [Caliber Mining and Logistics Ltd](https://www.sectoralpha.in/stocks/caliber-mining-and-logistics-ltd) CMLL · Too little evidence to rank firmly · 34% evidence 54.2 out of 100 Growth Capital Valuation Relative
13. [Deccan Gold Mines Ltd](https://www.sectoralpha.in/stocks/deccan-gold-mines-ltd) DECNGOLD · losing its lead · Too little evidence to rank firmly · 42% evidence 52.2 out of 100 Growth Capital Valuation Relative
14. [Bharat Coking Coal Ltd](https://www.sectoralpha.in/stocks/bharat-coking-coal-ltd) BHARATCOAL · quiet · Too little evidence to rank firmly · 47% evidence 33.5 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Mining/Minerals](https://www.sectoralpha.in/sectors/mining-minerals), all 14 compared on one page. ## Which companies are close to Indian Metals & Ferro Alloys in size? Indian Metals & Ferro Alloys is the 6th largest of 14 Mining/Minerals companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: KIOCL, Bharat Coking Coal and Gujarat Mineral Development Corporation. Just below it: MOIL, Ashapura Minechem and Midwest Energy. ### Mining/Minerals companies close in size

1. [KIOCL Ltd](https://www.sectoralpha.in/stocks/kiocl-ltd) ₹19,703 crore
2. [Bharat Coking Coal Ltd](https://www.sectoralpha.in/stocks/bharat-coking-coal-ltd) ₹13,836 crore
3. [Gujarat Mineral Development Corporation Ltd](https://www.sectoralpha.in/stocks/gujarat-mineral-development-corporation-ltd) ₹13,090 crore
4. Indian Metals & Ferro Alloys Ltd ₹5,887 crore
5. [MOIL Ltd](https://www.sectoralpha.in/stocks/moil-ltd) ₹4,355 crore
6. [Ashapura Minechem Ltd](https://www.sectoralpha.in/stocks/ashapura-minechem-ltd) ₹3,904 crore
7. [Midwest Energy Ltd](https://www.sectoralpha.in/stocks/midwest-gold-ltd) ₹3,539 crore

[All 14 Mining/Minerals companies, largest first](https://www.sectoralpha.in/sectors/mining-minerals#all-companies)

### Companies close in size in other industries

1. [Dodla Dairy Ltd](https://www.sectoralpha.in/stocks/dodla-dairy-ltd) ₹5,909 crore · FMCG - Dairy Products
2. [Centum Electronics Ltd](https://www.sectoralpha.in/stocks/centum-electronics-ltd) ₹5,894 crore · EMS
3. Indian Metals & Ferro Alloys Ltd ₹5,887 crore
4. [V-Mart Retail Ltd](https://www.sectoralpha.in/stocks/v-mart-retail-ltd) ₹5,885 crore · Textiles - Readymade Apparel
5. [Innova Captab Ltd](https://www.sectoralpha.in/stocks/innova-captab-ltd) ₹5,867 crore · Pharma - API

## What else do people ask about Indian Metals & Ferro Alloys? ### What is Indian Metals & Ferro Alloys's share price today? Indian Metals & Ferro Alloys Ltd's share price is ₹1,099.40, −8.6% over the past year. The whole company is worth ₹5,932 Cr on the market. In the last 52 weeks it traded between ₹1,091 to ₹1,652; today it is 1% of the way up from the low, 13.7% below its 200-day average (as of 3 November 2026). ### What were Indian Metals & Ferro Alloys's latest quarterly results? Indian Metals & Ferro Alloys Ltd reported revenue of ₹960 Cr and net profit of ₹193 Cr for the Jun 2026 quarter. Revenue rose 49.5% and profit rose 107.5% compared with a year earlier. Earnings per share were ₹35.65 (as of 3 November 2026). ### What is Indian Metals & Ferro Alloys's market cap? Indian Metals & Ferro Alloys Ltd's market capitalisation is ₹5,932 Cr at a share price of ₹1,099.40. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Indian Metals & Ferro Alloys performing? Indian Metals & Ferro Alloys Ltd's share price has been falling for 3 weeks. In its latest quarter, revenue rose 49.5% and profit rose 107.5% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 23 weeks running (as of 3 November 2026). ### Will Indian Metals & Ferro Alloys's share price go up? This page does not forecast Indian Metals & Ferro Alloys Ltd's share price. What it shows instead: the share price is ₹1,099.40, and it has been falling for 3 weeks. Its P/E of 11.3× is higher than 68% of its own last 11 years (as of 3 November 2026). ### Does Indian Metals & Ferro Alloys have too much debt? Indian Metals & Ferro Alloys Ltd has a moderate amount of debt: its debt is 0.35× its equity, and its operating profit is 16 times its interest bill. FY26 borrowings were ₹958 Cr against equity of ₹2,718 Cr. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Where is Indian Metals & Ferro Alloys in its business cycle? Indian Metals & Ferro Alloys Ltd's FY26 operating margin was 21.0%, against a 13-year range of 6.0% to 31.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 29.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Indian Metals & Ferro Alloys story? Biggest thing to watch: the P/E is higher than 68% of its own history, so the multiple has already done part of the work. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Indian Metals & Ferro Alloys a stock worth studying right now? What the numbers show: Indian Metals & Ferro Alloys Ltd's earnings have grown faster than its share price. Earnings per share grew +12.0% in a year while the price moved −8.6%. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Indian Metals & Ferro Alloys share price forecast for 2026? What management itself guided: FY27 production 380,000 tons versus 400,000 tons previously indicated. ## Lists

- 52 week high & low: https://www.sectoralpha.in/52-week-high-stocks-india
- Copper & metal stocks: https://www.sectoralpha.in/copper-stocks-india

This is research, not advice. We’re not SEBI-registered.