IMFA

Bhubaneswar, India Founded: 1961 • Age: 65 yrs Listed
Mining and exploration of ferro alloys are conducted by IMFA.

About IMFA

IMFA is a publicly listed company based in Bhubaneswar (India) founded in 1961. Mining and exploration of ferro alloys are conducted by IMFA. The company has 6,430 employees. Its chief executive, as recorded, is Subhrakant Panda. Its Indian entity Indian Metals And Ferro Alloys Ltd. reported revenue of β‚Ή2,892 Cr. IMFA offers products and services including Ferrochrome and Stainless Steel. Its focus areas include Mining, Mining Companies, Metals and Diversified.

Company details

IMFA was established in 1961 and is headquartered in Bhubaneswar, India. Operations are centered on the mining and exploration sector, with a primary focus on ferro alloys. Activities encompass resource extraction, prospecting, and development in this domain. The company manages ferro alloy-related projects within Indian geographies, supporting industrial applications through these efforts. Leadership is provided by key executives in the sector.

  • Headquarters Bhubaneswar, India
  • Employees 6,430
  • Stage Public
  • Sectors
    Natural Resources
  • Email
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  • Phone
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  • Website imfa.in
  • Social LinkedIn X Facebook
  • Legal Name Indian Metals & Ferro Alloys Ltd.
Operational Areas
Key Metrics
  • Market Cap
    ₹5,909 Cr

    IMFA · NSE

  • Share Price
    ₹1,099.70

    +0.42% today

  • Revenue
    ₹2,826 Cr

    FY 2025-26 · +10.2% YoY

  • EBITDA
    ₹587 Cr

    Margin 20.8%

  • Net Profit
    ₹425 Cr

    FY 2025-26 · +12.1% YoY

  • P/E (TTM)
    11.6x

    P/B 2.2x

  • ROE
    16.8%

    ROCE 18.3%

  • Debt / Equity
    0.27

    Interest cover 6.8x

  • Employee Count
    6,430

Products & Services of IMFA

IMFA offers a comprehensive portfolio of products and services, including Ferrochrome and Stainless Steel.

Ferrochrome
Metals

Ferrochrome is produced and supplied for alloy applications in various industries

Stainless Steel
Metals

Stainless steel is manufactured for construction and manufacturing purposes

Board of directors of Indian Metals And Ferro Alloys Ltd. (IMFA)

Indian Metals And Ferro Alloys Ltd. is the primary company behind IMFA. The board of Indian Metals And Ferro Alloys Ltd. currently have 8 directors; the longest-serving is Subhrakant Panda, appointed in 1999. 19 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Subhrakant Panda
DIN 00171845
Managing Director30 Oct 199926 yrs 11 moIndian Metals And Ferro Alloys Ltd.
Baijayant Panda
DIN 00297862
Whole-time director28 Oct 200619 yrs 11 moIndian Metals And Ferro Alloys Ltd.
Stefan Georg Amrein
DIN 06996186
Director07 Jan 201610 yrs 9 moIndian Metals And Ferro Alloys Ltd.
Latha Ravindran
DIN 08711691
Director23 Jul 20206 yrs 3 moIndian Metals And Ferro Alloys Ltd.
Barada Kanta Mishra
DIN 07166746
Director22 Mar 20242 yrs 7 moIndian Metals And Ferro Alloys Ltd.
Bijayananda Mohapatra
DIN 09489095
Whole-time director31 Jan 20251 yr 8 moIndian Metals And Ferro Alloys Ltd.
Kiran Dhingra
DIN 00425602
Director04 Feb 20268 moIndian Metals And Ferro Alloys Ltd.
Deepak Kumar Mohanty
DIN 09771960
Additional Director30 Jun 20263 moIndian Metals And Ferro Alloys Ltd.

People of IMFA

68 people are tracked at IMFA (15 in leadership, 53 in team); the tracked headcount is 6,430.

NameRoleGroup
CEO & Managing DirectorLeadership
Devjyoti Jyotishi
General Manager (hr&a)Leadership
Prem Khandelwal
CFO & CSLeadership
C.r. Ray
President OperationsLeadership
Sandeep Narade
Vice President & Head Of Mining Business Unit, IMFALeadership
Pmp® Shubhankar Nandy
Senior General Manager And Head SystemsLeadership
Sanjeev Gupta
Senior General Manager -supply ChainLeadership
Saunak Gupta
Chief Financial OfficerLeadership
Debasis Mahapatra
General ManagerLeadership
Shubhankar Nandy
Senior General Manager And Head SystemsLeadership
Anand Joshi
Dy General Manager - AdminLeadership
Prem Sukh Pachar
General ManagerLeadership
Sureshbabu Chigurupalli
Business Head -ferro Alloys & ProjectsLeadership
Rakesh G V
Senior General ManagerLeadership
Chandrashekhar Mukherjee
Deputy General ManagerLeadership
Satyanarayan Mahapatra
Purchase ManagerTeam
Bathina Nagarjuna
Senior EngineerTeam
Ramesh Chandra Sahu
Asst Manager (systems)Team
Subham Panigrahi
Graduate Engineering TraineeTeam
Alok Ranjan Patra
Senior EngineerTeam

48 more people are available in the full profile.

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IPO & Listings of IMFA

IMFA is a publicly listed company on the NSE with ticker symbol IMFA in India, operating in the Non-energy minerals sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date23 Jul 2010
  • Listed onNSE: IMFA
  • Listed entityIndian Metals & Ferro Alloys Ltd.
  • Exchange sectorNon-energy minerals
  • ISININE919H01018
  • Share price₹1,188.10 (-0.78% on the day) · 2026-10-14
  • Market capitalisation₹6,454 Cr
  • Price to earnings12.2
  • EPS (diluted, trailing year)₹97.18
  • Dividend yield1.04%
  • Volume (last session)49,496

Financials of IMFA

Exchange-reported figures of Indian Metals And Ferro Alloys Ltd., the listed company behind IMFA (NSE: IMFA).

Financial Highlights

FY 2025-26 Β· Consolidated
Revenue
₹2,826 Cr
+10.2% YoY
EBITDA
₹587 Cr
+10.7% YoY
Profit After Tax
₹425 Cr
+12.1% YoY
Net Worth
₹2,718 Cr
+15.7% YoY
Total Assets
₹3,708 Cr
+33.8% YoY
Total Debt
₹958 Cr
+146.4% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue2,8262,5652,7802,6762,6031,8441,612
Revenue growth+10.2%-7.8%+3.9%+2.8%+41.1%+14.4%-
EBITDA58753058743681033888.87
EBITDA margin+20.8%+20.7%+21.1%+16.3%+31.1%+18.3%+5.5%
Profit before tax554514516324658228(90.78)
Net profit425379344232500159(71.73)
Net profit margin+15.0%+14.8%+12.4%+8.7%+19.2%+8.6%-4.5%
EPS (β‚Ή)78.6370.1963.6741.7594.0061.73(24.64)
Balance sheet
Total assets3,7082,7702,3682,2602,3852,0981,975
Net worth2,7182,3482,1051,8731,7151,2421,084
Total debt958389237341490679713
Cash & bank47.1221.4396.7932.9723.1550.3643.16
Net working capital784681859890585413275
Cash flow
Cash from operations318585460151390207221
Cash from investing(753)(562)(209)140(106)(106)(49.28)
Cash from financing462(67.93)(207)(291)(284)(99.30)(182)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue960763703719642567643692
Revenue growth (YoY)+49.7%+34.6%+9.3%+3.9%-3.1%---
Other income12.915.9121.7415.8321.9917.0117.2119.10
EBITDA28115916413812570.53128170
EBITDA margin+29.3%+20.8%+23.4%+19.2%+19.6%+12.4%+19.9%+24.6%
Depreciation23.4117.6715.3515.1914.7313.8713.6913.49
Interest12.4611.299.278.097.0110.008.235.75
Profit before tax25813616113112663.67123170
Tax65.7232.8529.9733.3233.1716.2730.1045.10
Net profit19310313197.5692.5447.4093.37125
EPS (β‚Ή)35.6519.1324.3318.0717.108.7717.3023.17
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue2,8262,5652,7802,6762,6031,8441,612
Revenue growth+10.2%-7.8%+3.9%+2.8%+41.1%+14.4%-
EBITDA58753160843780433887.65
EBITDA margin+20.8%+20.7%+21.9%+16.3%+30.9%+18.3%+5.4%
Profit before tax553512534323657227(93.96)
Net profit425378364233501161(66.79)
Net profit margin+15.0%+14.8%+13.1%+8.7%+19.3%+8.8%-4.1%
EPS (β‚Ή)78.6470.0767.4041.8394.1261.81(25.40)
Balance sheet
Total assets3,6972,7612,3602,2432,3692,0811,958
Net worth2,6922,3222,0791,8591,7011,2271,068
Total debt982414263368518708743
Cash & bank45.2121.4296.7826.6522.4449.4641.87
Net working capital781681859781847674537
Cash flow
Cash from operations319586332518389207225
Cash from investing(753)(560)(75.35)(222)(105)(103)(51.12)
Cash from financing459(70.88)(212)(296)(283)(101)(184)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue960763703719642567643692
Revenue growth (YoY)+49.7%+34.6%+9.3%+3.9%-3.1%---
Other income11.976.8821.2317.4921.1417.1617.5319.86
Total expenses679604538580516497515521
EBITDA28115916413812570.52128171
EBITDA margin+29.3%+20.8%+23.4%+19.2%+19.6%+12.4%+19.9%+24.6%
Depreciation23.4117.6715.3515.1914.7313.8713.6913.49
Interest13.0111.849.838.667.5810.587.335.96
Profit before tax25713616013212463.23125171
Tax65.3333.0229.7133.2132.8216.1630.0444.83

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 24 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue960763703719642567643692
Revenue growth (YoY)+49.7%+34.6%+9.3%+3.9%-3.1%---
Other income12.915.9121.7415.8321.9917.0117.2119.10
EBITDA28115916413812570.53128170
EBITDA margin+29.3%+20.8%+23.4%+19.2%+19.6%+12.4%+19.9%+24.6%
Depreciation23.4117.6715.3515.1914.7313.8713.6913.49
Interest12.4611.299.278.097.0110.008.235.75
Profit before tax25813616113112663.67123170
Tax65.7232.8529.9733.3233.1716.2730.1045.10
Net profit19310313197.5692.5447.4093.37125
EPS (β‚Ή)35.6519.1324.3318.0717.108.7717.3023.17
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue2,8262,5652,7802,6762,6031,8441,612
Revenue growth+10.2%-7.8%+3.9%+2.8%+41.1%+14.4%-
Other income65.4766.4842.2260.7216.6049.7821.24
Total expenses2,2392,0342,1932,2401,7931,5071,523
Employee cost263238222196207166155
EBITDA58753058743681033888.87
EBITDA margin+20.8%+20.7%+21.1%+16.3%+31.1%+18.3%+5.5%
Depreciation62.9454.6078.03107110104104
Interest35.6628.2734.9465.9458.9754.7896.68
Profit before tax554514516324658228(90.78)
Tax12913517298.0915061.48(24.81)
Net profit425379344232500159(71.73)
Net profit margin+15.0%+14.8%+12.4%+8.7%+19.2%+8.6%-4.5%
EPS (β‚Ή)78.6370.1963.6741.7594.0061.73(24.64)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital53.9653.9653.9653.9653.9626.9826.98
Reserves & surplus2,6642,2942,0511,8191,6611,2151,057
Shareholders' funds (net worth)2,7182,3482,1051,8731,7151,2421,084
Minority interest8.858.888.6830.3430.4030.4730.59
Secured loans924373221256374664697
Unsecured loans33.8515.9316.0584.8711615.0215.99
Total debt958389237341490679713
Total liabilities3,7082,7702,3682,2602,3852,0981,975
Assets
Gross block2,5681,9941,8931,8081,8611,7921,754
Net block1,5711,0509979901,1111,1551,216
Capital work in progress79474.5277.8869.74267248264
Investments38390937226415512032.76
Inventories815736712647622445432
Sundry debtors23911313785.6514192.2032.68
Cash & bank balances47.1221.4396.7932.9723.1550.3643.16
Loans & advances234156409472189194146
Total current assets1,3361,0261,3541,238975782653
Total current liabilities552345495348390368378
Net working capital784681859890585413275
Total assets3,7082,7702,3682,2602,3852,0981,975
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash7.2651.768.067.417.465.3616.44
Net cash from operating activities318585460151390207221
Net cash from investing activities(753)(562)(209)140(106)(106)(49.28)
Net cash from financing activities462(67.93)(207)(291)(284)(99.30)(182)
Net change in cash26.97(44.50)43.700.65(0.05)2.10(11.08)
Closing cash47.1221.4396.7932.9723.1550.3643.16
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+10.2%-7.8%+3.9%+2.8%+41.1%+14.4%-
EBITDA growth+10.7%-9.6%+34.5%-46.1%+139.9%+280.0%-
PBT growth+7.8%-0.4%+59.4%-50.8%+187.9%+9998.0%-
Net income growth+12.1%+10.3%+47.9%-53.6%+215.0%+321.5%-
Revenue CAGR (3Y)+1.8%-0.5%+14.7%+18.4%+16.8%+1.5%-1.2%
EBITDA CAGR (3Y)+10.4%-13.2%+20.2%+70.0%+65.7%-7.9%-44.3%
Profitability & leverage
Net income margin+15.0%+14.8%+12.4%+8.4%+19.5%+9.1%-4.1%
Return on capital employed+18.3%+21.2%+24.0%+17.0%+32.4%+14.1%+0.3%
Return on net worth+16.8%+17.0%+17.3%+12.6%+34.3%+14.4%-5.9%
Debt / equity0.270.140.150.230.400.600.66
Long-term debt / equity0.070.010.010.010.110.280.33
Interest cover6.805.946.8720.048.4223.46-630.25
Efficiency & per share
Fixed asset turnover1.241.321.501.461.421.040.96
Inventory turnover3.643.544.094.224.884.213.30
Debtors turnover16.0520.4824.9523.6622.3729.5438.96
EPS (β‚Ή)78.6370.1963.6741.7594.0061.73(24.64)
Dividend per share (β‚Ή)12.5020.007.5010.0012.5010.000.00
Book value per share (β‚Ή)503.62435.18390.04347.09317.89460.28401.75
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue960763703719642567643692
Revenue growth (YoY)+49.7%+34.6%+9.3%+3.9%-3.1%---
Other income11.976.8821.2317.4921.1417.1617.5319.86
Total expenses679604538580516497515521
EBITDA28115916413812570.52128171
EBITDA margin+29.3%+20.8%+23.4%+19.2%+19.6%+12.4%+19.9%+24.6%
Depreciation23.4117.6715.3515.1914.7313.8713.6913.49
Interest13.0111.849.838.667.5810.587.335.96
Profit before tax25713616013212463.23125171
Tax65.3333.0229.7133.2132.8216.1630.0444.83
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue2,8262,5652,7802,6762,6031,8441,612
Revenue growth+10.2%-7.8%+3.9%+2.8%+41.1%+14.4%-
Other income66.7466.7442.3362.0725.2451.3021.98
Total expenses2,2392,0342,1732,2401,7991,5061,524
Employee cost263238222196207166155
EBITDA58753160843780433887.65
EBITDA margin+20.8%+20.7%+21.9%+16.3%+30.9%+18.3%+5.4%
Depreciation62.9454.6078.03107110104104
Interest37.9130.6137.3768.4261.5557.4299.38
Profit before tax553512534323657227(93.96)
Tax12913417197.3514960.64(25.44)
Net profit425378364233501161(66.79)
Net profit margin+15.0%+14.8%+13.1%+8.7%+19.3%+8.8%-4.1%
EPS (β‚Ή)78.6470.0767.4041.8394.1261.81(25.40)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital53.9653.9653.9653.9653.9626.9826.98
Reserves & surplus2,6382,2682,0251,8051,6471,2001,042
Shareholders' funds (net worth)2,6922,3222,0791,8591,7011,2271,068
Secured loans927373222256374664697
Unsecured loans55.2641.2141.1511214544.0345.71
Total debt982414263368518708743
Total liabilities3,6972,7612,3602,2432,3692,0811,958
Assets
Gross block2,5671,9931,8931,7881,6491,5801,541
Net block1,5711,0509979699229621,020
Capital work in progress79474.5277.8869.7469.8954.7274.14
Investments374899364377262228141
Inventories815736712647622445432
Sundry debtors23911313785.6514192.2032.67
Cash & bank balances45.2121.4296.7826.6522.4449.4641.87
Loans & advances234156409369451456409
Total current assets1,3341,0261,3541,1291,2361,043915
Total current liabilities553346495348390368378
Net working capital781681859781847674537
Total assets3,6972,7612,3602,2432,3692,0811,958
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash7.2551.757.396.706.654.5315.53
Net cash from operating activities319586332518389207225
Net cash from investing activities(753)(560)(75.35)(222)(105)(103)(51.12)
Net cash from financing activities459(70.88)(212)(296)(283)(101)(184)
Net change in cash25.07(44.50)44.360.510.052.12(11.00)
Closing cash45.2121.4296.7826.6522.4449.4641.87
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+10.2%-7.8%+3.9%+2.8%+41.1%+14.4%-
EBITDA growth+10.7%-12.7%+39.1%-45.7%+137.9%+285.3%-
PBT growth+8.0%-4.2%+65.4%-50.8%+189.0%+9998.0%-
Net income growth+12.4%+4.0%+56.2%-53.6%+210.7%+341.6%-
Revenue CAGR (3Y)+1.8%-0.5%+14.7%+18.4%+16.8%+1.5%-1.2%
EBITDA CAGR (3Y)+10.4%-12.9%+21.6%+70.8%+61.5%-8.0%-44.6%
Profitability & leverage
Net income margin+15.0%+14.7%+13.1%+8.4%+19.5%+9.0%-4.3%
Return on capital employed+18.3%+21.2%+24.8%+17.0%+32.3%+14.1%+0.3%
Return on net worth+16.9%+17.2%+18.5%+12.7%+34.7%+14.5%-6.2%
Debt / equity0.280.150.160.250.420.630.69
Long-term debt / equity0.080.020.020.030.130.310.36
Interest cover7.236.437.0620.778.8824.59-600.12
Efficiency & per share
Fixed asset turnover1.241.321.511.561.611.181.10
Inventory turnover3.643.544.094.224.884.213.30
Debtors turnover16.0520.4824.9523.6622.3629.5439.15
EPS (β‚Ή)78.6470.0767.4041.8394.1261.81(25.40)
Dividend per share (β‚Ή)12.5020.007.5010.0012.5010.000.00
Book value per share (β‚Ή)498.84430.37385.35344.49315.21454.67396.03

Web traffic of IMFA

The website of IMFA (imfa.in) receives about 8.5K visits a month.

  • Monthly visits
    8.5K

    ▲ 68.6% vs previous month

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Frequently Asked Questions about IMFA

IMFA was founded in 1961.

IMFA is headquartered in Bhubaneswar, India. It is registered at Bhubaneswar, Odisha, India.

Subhrakant Panda is the CEO of IMFA, as recorded in our data.

IMFA has 6,430 employees.

The primary company behind IMFA, Indian Metals And Ferro Alloys Ltd., reported revenue of β‚Ή2,892 Cr for FY 2026, up 10% year on year.

IMFA was established in 1961 and is headquartered in Bhubaneswar, India. Operations are centered on the mining and exploration sector, with a primary focus on ferro alloys. Activities encompass resource extraction, prospecting, and development in this domain. The company manages ferro alloy-related projects within Indian geographies, supporting industrial applications through these efforts. Leadership is provided by key executives in the sector.

IMFA offers Ferrochrome and Stainless Steel.

Yes, IMFA is publicly traded on NSE under the ticker symbol IMFA.

IMFA operates through Indian Metals And Ferro Alloys Ltd..

The legal entities of IMFA currently have 10 directors, including Baijayant Panda, Subhrakant Panda, Stefan Georg Amrein and others.

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