Indian Metals & Ferro Alloys consolidated net profit rises 2.42% in the June 2024 quarter

Wardwizard Innovations & Mobility Ltd, Nova Agritech Ltd, KBC Global Ltd and Heritage Foods Ltd are among the other losers in the BSE’s ‘B’ group today, 12 June 2024.

Indian Metals & Ferro Alloys Ltd leads losers in ‘B’ group

The greenfield smelter capacity in Kalinganagar will be commissioned by FY26, and mining expansions will take six to seven years.

Indian Metals And Ferro Alloys Expands Capacity As Domestic Ferrochrome Demand Rises

Indian Metals & Ferro Alloys’ Capacity Expansion Plans Indian Metals & Ferro Alloys’ MD Subhrakant Panda speaks about the company’s new greenfield smelting capacity in Odisha to cater to rising demand for stainless steel.

Indian Metals & Ferro Alloys’ Capacity Expansion Plans

Indian Metals & Ferro Alloys' MD Subhrakant Panda speaks about the company's new greenfield smelting capacity in Odisha to cater to rising demand for stainless steel. #BQLive 

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Indian Metals & Ferro Alloys' Capacity Expansion Plans | BQ Prime

The move comes after the firm announced its decision to withdraw from a $19.5 billion semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta.

Foxconn in talks to set up 4-5 semiconductor fab units in India: Report

On Monday, Foxconn withdrew from its semiconductor JV with Indian metals-to-oil conglomerate Vedanta, in a setback to Prime Minister Narendra Modi’s chipmaking plans for India.

Foxconn to apply for chipmaking incentives after pulling out of $19.5 billion Vedanta JV

Taiwan’s Foxconn said on Monday it has withdrawn from a $19.5 billion semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta, in a setback to Prime Minister Narendra Modi’s chipmaking plans for India.

Not proceeding with Vedanta JV on mega semiconductor plan: Foxconn

Indian Metals & Ferro Alloys Ltd (IMFA) on Tuesday posted over a 50 per cent fall in its standalone net profit to Rs 63.65 crore in the March 2023 quarter, dragged by lower revenues.

IMFA standalone net profit falls over 50% to Rs 63.65 cr in March quarter

The company’s revenues also fell to Rs 636.90 crore from Rs 756.71 crore in the year-ago period.

Indian Metals & Ferro Alloys Q4 net profit falls over 50% to Rs 63.65 cr

Metals recycling startup Runaya is planning to boost its processing of industrial waste about eightfold in the next two years as the Indian company adds zinc and copper to its existing aluminum portfolio.

Indian Metals Recycling Startup Sees Eightfold Processing Growth

Price return has been average, nothing exciting

Performance

Can be considered moderately valued vs the market

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Indian Metals and Ferro Alloys Limited is a holding producing ferro chrome/ferro alloys.