Which companies are Indian Metals & Ferro Alloys's closest peers?

The cockpit's peer set: Lingyuan Iron & Steel (600231.SS), Fuda New Material (603045.SS), Abenojar Tungsten (ABT.L), Marimaca Copper (MARI.TO), Sigma Lithium (SGML), Arafura Rare Earths (ARU.AX), Shivalik Bimetal Controls (SBCL.NS), Gruvaktiebolaget Viscaria (VISC.ST).

Is Indian Metals & Ferro Alloys expensive compared with its peers?

On forward p/e it trades at 10.2× against a peer median of 30.9×, cheapest of 6 in its peer set.

How has Indian Metals & Ferro Alloys stock performed?

Over six months to 6 Nov 2026 the shares returned -24.6% against -23.3% for the median peer; over one year -4.5%.

← CockpitCompetitor Analysis › IMFA.NS Indian Metals & Ferro Alloys Ltd.Open in the cockpit ↗

Indian Metals & Ferro Alloys Ltd.IMFA.NSCompetitor analysis, valuation and peers

India · INR·Metal & Mining›Other Metals/Minerals

Momentum laggard 8

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$633M

US dollars, full cap

Free float

27%

of shares outstanding

$/day

$1.23M

20-day average traded

Fwd P/E

10.2×

forward earnings

ROIC−WACC

+1.5 pp

WACC 14.7%

Hurdle

n/a

no reverse DCF

Next earnings

88 days

2 Feb 2027

Close · INR₹1,106

1D-2.2%

1W+1.4%

1M-6.8%

3M-26.7%

6M-24.6%

YTD-25.9%

1Y-4.5%

ATR %3.9%

Beta1.20

52w lowhigh34.1% off high

What Indian Metals & Ferro Alloys does

Employees: 7,393

Indian Metals & Ferro Alloys at a glance

Size Indian Metals & Ferro Alloys (IMFA.NS) is an India Materials company (Other Metals/Minerals) with a market value of $633M, the 757th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,106 on 6 Nov 2026.

Performance Over six months the shares fell 24.6%, against -23.3% for the median peer and 0.0% for the India market (cap-weighted) — 10th lowest of 20 in its peer set.

Growth Revenue grew 32.1% over the last twelve months (peer median +6.0%); the operating margin is 23.5% (peer median 5.8%).

Valuation It trades at 10.2× forward earnings against a peer median of 30.9× (cheapest of 6).

Capital Return on invested capital runs 1.5 points above its cost of capital (14.7% WACC).

Next results Next results expected around 2 Feb 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Indian Metals & Ferro Alloys against the median of its 20 peers (local-currency closes).

Indian Metals & Ferro Alloys financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	₹33.9B	₹28.0B	₹25.4B	₹27.5B	₹26.5B
Revenue growth	—	+10%	-8%	+4%	—
Gross profit	₹13.0B	₹8.68B	₹7.51B	₹7.92B	₹6.75B
EBITDA	₹8.80B	₹6.38B	₹5.29B	₹6.16B	₹5.04B
Net income	₹5.75B	₹4.24B	₹3.79B	₹3.44B	₹2.25B
Free cash flow	n/a	-₹10.4B	₹4.52B	₹3.18B	₹932M
Capital expenditure	n/a	₹13.4B	₹1.16B	₹1.14B	₹0
Total debt	₹12.4B	₹9.58B	₹3.89B	₹2.37B	₹3.41B

Quarterly statements and history in the cockpit →

Indian Metals & Ferro Alloys competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Indian Metals & Ferro Alloys is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Indian Metals & Ferro Alloys is the large dot.

Indian Metals & Ferro Alloys competitors and peer comparison

How Indian Metals & Ferro Alloys compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Indian Metals & Ferro Alloys against its 20 peers (data as of 6 Nov 2026)
Measure	IMFA.NS	Peer median	Rank in peer set
1-month return	-6.8%	-15.3%	4th highest of 20
6-month return	-24.6%	-23.3%	10th lowest of 20
Distance from 52-week high	-34.1%	-47.6%	6th highest of 20
Revenue growth (TTM)	+32.1%	+6.0%	4th highest of 11
Operating margin	23.5%	5.8%	2nd highest of 11
Forward P/E	10.2×	30.9×	cheapest of 6
ROIC minus cost of capital	+1.5 pp	-10.8 pp	3rd highest of 18
EV / EBITDA	7.6×	18.8×	cheapest of 6
Net debt / EBITDA	0.7×	1.7×	4th least indebted of 7

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Indian Metals & Ferro Alloys IMFA.NS	India	$633M	-25%	+32%	23%	10.2×	n/a	n/a
Lingyuan Iron & Steel 600231.SS	China	$642M	-31%	-3%	-14%	n/a	n/a	n/a
Fuda New Material 603045.SS	China	$645M	-31%	+63%	7%	n/a	n/a	n/a
Abenojar Tungsten ABT.L	United Kingdom	$619M	n/a	n/a	n/a	n/a	n/a	n/a
Marimaca Copper MARI.TO	Canada	$652M	-18%	n/a	n/a	n/a	n/a	n/a
Sigma Lithium SGML	United States	$655M	-73%	-14%	24%	20.5×	14.8%	-13.9%
Arafura Rare Earths ARU.AX	Australia	$610M	-56%	n/a	n/a	n/a	n/a	n/a
Shivalik Bimetal Controls SBCL.NS	India	$609M	+61%	+19%	21%	42.3×	45.7%	+22.8%
Gruvaktiebolaget Viscaria VISC.ST	Sweden	$669M	-1%	n/a	n/a	n/a	n/a	n/a
Meridian Mining MNO.TO	Canada	$598M	-8%	n/a	n/a	n/a	n/a	n/a
Enviri NVRI	United States	$672M	+24%	-23%	-19%	n/a	n/a	n/a
Qinghai Jinrui Mineral Development 600714.SS	China	$593M	-38%	-6%	5%	n/a	53.0%	+15.3%
Lithium Argentina LAR	United States	$686M	-64%	n/a	n/a	13.9×	n/a	n/a
OSAKA Titanium Technologies 5726.T	Japan	$584M	-18%	-8%	13%	30.9×	n/a	n/a
Bannerman Energy BMN.AX	Australia	$578M	-15%	n/a	n/a	n/a	n/a	n/a
Wenzhou Hongfeng Electrical Alloy 300283.SZ	China	$712M	-23%	+48%	5%	n/a	n/a	n/a
Lithium Americas LAC.TO	Canada	$712M	-64%	n/a	n/a	n/a	n/a	n/a
Changzhou Zhongying Science & Technology 300936.SZ	China	$556M	-32%	+15%	-4%	n/a	n/a	n/a
Gold Royalty GROY	United States	$723M	-14%	+82%	23%	39.4×	54.3%	+58.2%
NorthIsle Copper and Gold NCX.V	Canada	$725M	+3%	n/a	n/a	n/a	n/a	n/a
Talamore Mining TALA.TO	Canada	$728M	-32%	n/a	n/a	n/a	n/a	n/a

Questions

Which companies are Indian Metals & Ferro Alloys's closest peers?: The cockpit's peer set: Lingyuan Iron & Steel (600231.SS), Fuda New Material (603045.SS), Abenojar Tungsten (ABT.L), Marimaca Copper (MARI.TO), Sigma Lithium (SGML), Arafura Rare Earths (ARU.AX), Shivalik Bimetal Controls (SBCL.NS), Gruvaktiebolaget Viscaria (VISC.ST).
Is Indian Metals & Ferro Alloys expensive compared with its peers?: On forward p/e it trades at 10.2× against a peer median of 30.9×, cheapest of 6 in its peer set.
How has Indian Metals & Ferro Alloys stock performed?: Over six months to 6 Nov 2026 the shares returned -24.6% against -23.3% for the median peer; over one year -4.5%.