Indian Metals & Ferro Alloys Ltd.
Snapshot View

767.40 +36.40 ▲5.0%

26 July 2021, 04:00:00 P.M.
Volume: 45,639

Overview View Details

Sector Ferro Manganese Compare with Sector peers
Industry Ferro & Silica Manganese Compare with Industry peers
Website http://www.imfa.in
Financial Indicators
Market Cap 2,070.22 Cr.
Earnings per share (EPS) 88.88 Trailing Twelve Months Ending 2021-06
Price-Earning Ratio (PE) 8.63 Trailing Twelve Months Ending 2021-06
Industry PE 22.57 Trailing Twelve Months Ending 2021-06
Book Value / Share 497.06 Trailing Twelve Months Ending 2021-06
Price to Book Value 1.54 Calculated using Price: 767.40
Dividend Yield 1.30 Period Ending 2020-03
No. of Shares Subscribed 2.70 Cr. 26,977,053 Shares
FaceValue 10
Company Profile

Based in the eastern State of Orissa, which is well known for its rich natural resources, Indian Metals & Ferro Alloys (IMFA) is India's largest, fully integrated producer of Ferro Alloys with 157 MVA installed furnace capacity, a 108 MW coal-based Captive Power Plant and extensive Chrome Ore mining tracts.

In October 2006, Indian Charge Chrome was merged with IMFA to create a leader in the field of Ferro Alloys. Today, IMFA produces Ferro Chrome, Ferro Silicon, High Purity Ferro Silicon, and Ferro Silicon Magnesium for the domestic market as well as major international markets. IMFA is unique from a quality perspective in that it has multi-product & multi-location ISO 9001 certification covering the entire range of its activities.

Utkal Coal (UCL) is a Special Purpose Vehicle (SPV) which has been set up by IMFA to develop the Utkal “C” captive coal block (recoverable reserves of 130 million tonne) in Orissa’s Angul district which has been allotted to the group for its existing 108 MW power plant and future expansions.

In the domestic market, IMFA's customers include Steel Authority of India Ltd. (SAIL), Jindal Group, Shah Alloys and Visakhapatnam Steel Plant (VSP) among others. As far as exports are concerned, the primary focus of the company is on the far-east markets of Japan, Korea and Taiwan where there are significant logistical advantages in supplying from the Indian east-coast. Thus, IMFA regularly exports to major companies such as Aichi, Daido, Kawasaki Steel, NMI & Nippon Yakin in Japan, POSCO in South Korea and Yieh Group in Taiwan. Today, IMFA is the largest exporter of value added Ferro Chrome in the country and also a significant supplier of Ferro Chrome to POSCO of South Korea.

Products:

1. Ferro Alloys

IMFA produces different Ferro Alloys with one thing in common - all its products are used as inputs by the steel industry with the use of a particular alloy depending upon its specific properties.

2. Mining

IMFA has extensive Chrome Ore mining tracts in Orissa’s famed Sukinda Valley in Jajpur district, which contains 98% of India's high quality deposit of the strategic raw material, as well as the Nuasahi belt.

Besides, IMFA also operates quartz mines which provide the raw material for its Silicon operations. The Chrome Ore mining operations predominantly employ the open cast method at present but will eventually shift to underground operations. In fact, a beginning has already been made in this regard.

3. Power

Since Ferro Alloys production is very power intensive operation, a state of the art 108 MW coal-based Captive Power Plant is a critical component of IMFA’s operations. Its output not only meets the entire electricity requirement of IMFA but some surplus is also supplied to the state grid. Further, plans are on the anvil to increase power generation to take locational advantage of IMFA's operation in Choudwar which is next to the major load centre of Orissa.

Divisions:

1. Ferro Alloys Division - Therubali

Located within Rayagada district in Orissa's South-Western extremity, the flagship of IMFA, Therubali is recognised within the State as its first home-grown industrial entity. Over the years the company has grown to become the largest Ferro Alloys complex in India with three furnaces totalling 82 MVA capacity, able to rub shoulders with the best in the business worldwide by dint of its size and technological capabilities.

2. Ferro Alloys Division - Choudwar

IMFA's operation is located in Choudwar across the banks of the Mahanadi river in the millennium city of Cuttack, Orissa's second largest city and erstwhile capital. It houses a 48 MVA furnace dedicated in producing Ferro Chrome.

3. Power Division 

IMFA's 108 MW coal-based Captive Power Plant is also located in Choudwar across the banks of the Mahanadi river. The Power Plant not only meets the entire electricity requirements of IMFA's but also supplies to the state grid.

4. Mines Division 

IMFA's foray into mining commenced in the 1960's when it operated several quartz mines to cater to its raw material requirement for the production of Ferro Silicon and Silicon Metal. The focus has now shifted to Chrome Ore mining which meets IMFA's large captive requirement of this vital raw material for its Ferro Chrome production.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+4.98%
1 Week
+19.64%
1 Month
+37.67%
3 Month
+63.78%
6 Month
+108.99%
1 Year
+355.16%
2 Year
+359.80%
5 Year
+449.12%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 8.08 6.45 4.04 0.48 -5.15 26.22 16.46 -0.05 -5.87
Return on Capital Employed (%) 11.28 9.27 7.92 6.60 0.38 23.05 17.86 5.68 0.33
Return on Assets (%) 3.03 2.30 1.41 0.16 -1.71 10.16 7.24 -0.02 -2.60

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 787 850 881 881 833 1,064 1,216 1,170 1,084
Non Curr. Liab. 849 943 984 1,195 908 833 766 625 563
Curr. Liab. 601 516 710 621 621 577 640 829 737
Minority Int. 22 30 31 31 31 31 30 30 31
Equity & Liab. 2,260 2,340 2,606 2,729 2,394 2,504 2,652 2,655 2,414
Non Curr. Assets 1,529 1,677 1,693 1,993 1,820 1,728 1,759 1,734 1,728
Curr. Assets 731 663 913 718 574 776 893 921 686
Misc. Exp. not W/O 17
Total Assets 2,260 2,340 2,606 2,729 2,394 2,504 2,652 2,655 2,414

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 1,193 1,273 1,318 1,345 1,211 1,672 1,766 1,634 1,612
Other Income 6 11 17 12 16 48 36 19 21
Total Income 1,198 1,284 1,335 1,357 1,227 1,720 1,802 1,653 1,633
Total Expenditure -965 -1,018 -1,031 -1,104 -1,088 -1,159 -1,343 -1,361 -1,523
PBIDT 233 265 304 253 139 562 459 292 110
Interest -83 -69 -105 -106 -81 -83 -75 -94 -97
Depreciation -56 -82 -149 -122 -114 -109 -101 -98 -104
Taxation -32 -50 -15 -22 30 -121 -96 -20 25
Exceptional Items -12 1 -17 -81
PAT 62 53 35 4 -44 249 187 -1 -66

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 108 212 226 174 218 485 290 217 221
Cash Fr. Inv. -436 -245 -108 -44 -102 -161 -88 -31 -50
Cash Fr. Finan. 319 70 -162 -113 -161 -322 -191 -187 -182
Net Change -9 37 -44 18 -45 2 10 -2 -11
Cash & Cash Eqvt 36 74 31 50 6 7 18 16 5

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 58.69 58.69 58.69 58.69 58.69 58.69 58.69 58.69 58.69
Public 41.31 41.31 41.31 41.31 41.31 41.31 41.31 41.31 41.31
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Mon, 26 Jul 2021
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
Pursuant to Regulation 44 of SEBI (Listing Obligations and
Disclosure Requirements) Regulations 2015 enclosed please find the details regarding the voting results of 59th Annual General Meeting (AGM) of the Company held on 24th July 2021 at 3.00 PM through Video Conference / Other Audio Visual Means. All the resolutions at the AGM were passed with requisite majority. Copy of the AGM proceedings will be sent in due course.
Mon, 26 Jul 2021
Announcement under Regulation 30 (LODR)-Newspaper Publication
Enclosed please find herewith copies of the public advertisement of the Unaudited Financial Results (Standalone & Consolidated) of the Company for the quarter ended 30th June 2021 released in "Business Standard" (English) and in "Samaya" (vernacular) on 25th July 2021.
Mon, 26 Jul 2021
Disclosure of Voting results of AGM (Regulation 44(3) of SEBI (LODR) Regulations 2015)
Indian Metals & Ferro Alloys Ltd has informed BSE regarding the details of Voting results of AGM under Regulation 44(3) of SEBI (LODR) Regulations 2015. Kindly Click here

Technical Scans View Details

Mon, 26 Jul 2021
Stock Outperforming Benchmark Index in both 1 Week and 3 Month Stock Outperforming Benchmark Index in both 1 Week and 3 Month
Stock Outperforming Sectoral Index in both 1 Week and 3 Month Stock Outperforming Sectoral Index in both 1 Week and 3 Month
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Increasing Relative Strength - Benchmark index Increasing Relative Strength - Benchmark index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index

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