Indian Metals & Ferro Alloys Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings

Investors weighing an Indian Metals & Ferro Alloys target price for 2027 should start with where the stock sits today. At Rs 1,184.40 on 9 October 2026, it is 29.5% below its 52-week high of Rs 1,679.90 and 11.3% above its 52-week low of Rs 1,064.10. That range spans 58% from low to high, so the entry point matters as much as the Indian Metals & Ferro Alloys price forecast itself.

This article builds the Indian Metals & Ferro Alloys share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario shows its assumptions, so you can see exactly how the Rs 1,294 base case and the Rs 1,569 bull case were reached, along with a downside risk level of Rs 932.

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Indian Metals & Ferro Alloys Stock Analysis: Company Overview and Key Stats

Indian Metals & Ferro Alloys (NSE: IMFA) has a market capitalisation of Rs 6,282 crore. In FY26 it reported revenue of Rs 2,892 crore and net profit of Rs 424.72 crore. The table collects the figures the Indian Metals & Ferro Alloys share price target is built on.

Metric	Value
Company	Indian Metals & Ferro Alloys
NSE Ticker	IMFA
CMP (9 October 2026)	Rs 1,184.40
52-Week High	Rs 1,679.90
52-Week Low	Rs 1,064.10
Market Cap	Rs 6,282 crore
PE Ratio (TTM)	11.97
Industry PE	11.32
Price to Book	2.31
Return on Equity	15.61%
Debt to Equity	0.35
EPS (TTM)	Rs 97.26
Dividend Yield	1.07%
12-Month Base Target	Rs 1,294
Bull Case	Rs 1,569
Downside Risk Level (not a target)	Rs 932

Why Is Indian Metals & Ferro Alloys Share Price Target Set at Rs 1,294 for 2027?

The base-case Indian Metals & Ferro Alloys stock target of Rs 1,294 applies a PE multiple of 11.97 to a forward EPS estimate of Rs 108.08. That EPS assumes 11.1% yearly growth, the pace from FY24 to FY26, and puts the target 9.3% above the current price. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.

Earnings Growth Behind the Indian Metals & Ferro Alloys Target Price: Five Years of Results

Indian Metals & Ferro Alloys grew revenue from Rs 2,620 crore in FY22 to Rs 2,892 crore in FY26, a compound annual growth rate of 2.5%. Net profit grew more slowly, from Rs 507.70 crore to Rs 424.72 crore (-4.4% a year), which points to margin pressure alongside the sales growth.

Financial Year	Revenue (Rs Cr)	Net Profit (Rs Cr)	EPS (Rs)	Dividend per Share (Rs)
FY22	2,619.55	507.70	94.01	12.50
FY23	2,700.70	225.78	41.75	10.00
FY24	2,822.39	344.34	63.68	7.50
FY25	2,631.05	379.32	70.19	20.00
FY26	2,891.78	424.72	78.64	12.50

FY26 revenue growth was 9.9%, faster than the four-year average of 2.5%, and net profit moved up 12.0%. EPS rose from Rs 63.68 in FY24 to Rs 78.64 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.

Margins and the Latest Quarter

Indian Metals & Ferro Alloys converted 14.7% of FY26 revenue into net profit, against 14.4% in FY25, within a five-year range of 8.4% to 19.4%. EBITDA margin was 22.6% in FY26 versus 22.7% in FY25.

In the June 2026 quarter, revenue was Rs 973.36 crore, up 46.7% from the same quarter a year earlier, while net profit of Rs 192.59 crore was up 108.1%. EBITDA came in at Rs 294.18 crore, up 99.5% year on year. The next quarterly result is the first test of whether the earnings assumption holds.

Balance Sheet and Cash Flow

Debt to equity stands at 0.35, and shareholders' equity grew from Rs 1,746 crore in FY22 to Rs 2,726 crore in FY26. Operating cash flow in FY26 was Rs 318.09 crore against capital expenditure of Rs 1,335 crore, leaving negative free cash flow of Rs 1,017 crore. In FY25 free cash flow was Rs 469.55 crore, so cash generation has not been steady year to year.

Valuation Check for the Indian Metals & Ferro Alloys Stock Target: PE, Price to Book and ROE

At a PE of 11.97 against an industry PE of 11.32, Indian Metals & Ferro Alloys trades in line with its industry. Price to book is 2.31 on a book value of Rs 503.67 per share, and return on equity is 15.61%. A PE of 11.97 equals an earnings yield of 8.4%, and the FY26 dividend of Rs 12.50 per share gives a yield of 1.07%.

Shareholding Pattern and Institutional Holding

Promoters held 58.69% of Indian Metals & Ferro Alloys in September 2026, and promoter holding has stayed near 58.69% since September 2025. Foreign institutional investors (FII) held 2.88% and domestic institutions (DII) held 0.84%, which puts total institutional holding at 3.72%. FII holding fell from 3.69% in September 2025 to 2.88% in September 2026. Public shareholders own the remaining 37.60%. Institutional holding this low means the stock sees limited professional coverage, and price moves can be sharper when trading volumes are thin.

Indian Metals & Ferro Alloys Share Price Targets for the Short Term and 12 Months

Short Term Indian Metals & Ferro Alloys Stock Target Levels: Technical Setup

At Rs 1,184.40 on 9 October 2026, Indian Metals & Ferro Alloys trades below its 50-day simple moving average of Rs 1,325.26 and below its 200-day exponential moving average of Rs 1,296.35. The 14-day RSI reads 34.3, which is neutral territory, and the MACD line sits above its signal line. The nearest resistance level is Rs 1,296.35 (200-day exponential moving average) and the nearest support is Rs 1,064.10 (52-week low). A sustained move above Rs 1,296.35 would improve the short-term setup, while a close below Rs 1,064.10 would shift attention to the next support.

12 Month Indian Metals & Ferro Alloys Target Price for 2027

The 12-month target for Indian Metals & Ferro Alloys is Rs 1,294: forward EPS of Rs 108.08 at a PE of 11.97. That is 9.3% above Rs 1,184.40. It would still leave the stock 23.0% below its 52-week high of Rs 1,679.90. Anyone checking the Indian Metals & Ferro Alloys share price target against their own view should focus on two inputs: the EPS estimate and the PE multiple.

How EPS Growth and PE Multiple Change the Indian Metals & Ferro Alloys Target Price

EPS Growth	PE 9.58	PE 11.97	PE 13.77
0.0% (EPS Rs 97.26)	Rs 932	Rs 1,164	Rs 1,339
11.1% (EPS Rs 108.08)	Rs 1,035	Rs 1,294	Rs 1,488
17.1% (EPS Rs 113.92)	Rs 1,091	Rs 1,364	Rs 1,569

Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Indian Metals & Ferro Alloys price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.

Bull Case and Downside Risk for Indian Metals & Ferro Alloys Stock Target in 2027

Bull Case Rs 1,569

The bull case Indian Metals & Ferro Alloys price target needs EPS growth of 17.1%, which lifts forward EPS to Rs 113.92, and a PE multiple that rises 15% to 13.77. That gives Rs 1,569, 32.5% above the current price and below the 52-week high of Rs 1,679.90.

Downside Risk Level Rs 932

The downside risk level is not a target. It assumes EPS stays flat at Rs 97.26 and the PE falls 20% to 9.58. That gives Rs 932, 21.3% below the current price and below the 52-week low of Rs 1,064.10.

Scenario	EPS Growth	PE Multiple	Price (Rs)	Change vs CMP
Bull Case	17.1%	13.77	Rs 1,569	+32.5%
Base Case	11.1%	11.97	Rs 1,294	+9.3%
Downside Risk	0.0%	9.58	Rs 932	-21.3%

Key Risks to the Indian Metals & Ferro Alloys Target Price for 2027

Growth Slowdown Risk for the Indian Metals & Ferro Alloys Price Target

Revenue in the June 2026 quarter was up 46.7% year on year, and FY26 revenue growth was 9.9%. If growth slows from here, the EPS estimate behind the Indian Metals & Ferro Alloys stock target will need revising.

Liquidity and Size Risk

Indian Metals & Ferro Alloys has a market capitalisation of Rs 6,282 crore. Institutional holding is 3.72%, and promoters hold 58.69%. Stocks of this size can move sharply on small volumes, and exits can take longer than entries.

Valuation and Margin Risk

Net margin was 14.7% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 11.97 versus an industry PE of 11.32, a de-rating toward the downside-risk PE of 9.58 would cut the price even if earnings hold.

Market and Technical Risk

The stock trades 29.5% below its 52-week high, with an RSI of 34.3 and a MACD reading above its signal line. Broader market weakness can override company fundamentals in the short term. That applies to any Indian Metals & Ferro Alloys stock target, however carefully it is built.

How to Invest in Indian Metals & Ferro Alloys

Start with the live price and volume. Any Indian Metals & Ferro Alloys share price target is only as current as the data behind it, and the data here is as of 9 October 2026, so refresh the Rs 1,184.40 price before acting on any level.

Next, review the fundamentals yourself. The Univest Screener lets you check Indian Metals & Ferro Alloys' PE, ROE, debt and shareholding in one place.

Check Indian Metals & Ferro Alloys fundamentals on the Univest Screener

Then compare the three Indian Metals & Ferro Alloys target price scenarios with your own view. If you expect EPS growth below 11.1%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.

Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.

Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.

Download the Univest iOS App or Univest Android App to track Indian Metals & Ferro Alloys live price and get daily stock recommendations.

Conclusion

The Indian Metals & Ferro Alloys share price target for 2027 is Rs 1,294 in the base case, with Rs 1,569 as the bull case. The support for that view is arithmetic you can check: EPS grew 11.1% a year over FY24 to FY26, and the stock trades at a PE of 11.97. The risks are equally concrete, including institutional holding of only 3.72% and a downside scenario that cuts the price 21% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.

FAQs on Indian Metals & Ferro Alloys Share Price Target 2027

What is the Indian Metals & Ferro Alloys share price target for 2027?

Ans. The base-case Indian Metals & Ferro Alloys share price target for 2027 is Rs 1,294, with Rs 1,569 as the bull case. The downside risk level, which is not a target, is Rs 932. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.

What is the Indian Metals & Ferro Alloys share price today?

Ans. As of 9 October 2026, 3:29 PM IST, Indian Metals & Ferro Alloys trades at Rs 1,184.40, up 1.66% on the day. The 52-week range is Rs 1,064.10 to Rs 1,679.90.

Is Indian Metals & Ferro Alloys a buy or sell at the current price?

Ans. The data is mixed rather than one-sided: EPS has grown 11.1% a year over FY24 to FY26, but institutional holding is only 3.72%. Whether Indian Metals & Ferro Alloys fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. This article is not investment advice.

What are the bull case target and downside risk level for Indian Metals & Ferro Alloys shares?

Ans. The bull case target is Rs 1,569, which assumes 17.1% EPS growth and a PE of 13.77. The downside risk level is Rs 932, which assumes flat EPS and a PE of 9.58. It marks a risk, not a target.

What are the main risks to the Indian Metals & Ferro Alloys price target?

Ans. The main risks are slower revenue growth, a small market capitalisation of Rs 6,282 crore, a PE de-rating and short-term weakness in the broader market. Institutional holding is only 3.72%, which can make price moves sharper.

What is the PE ratio of Indian Metals & Ferro Alloys and how does it compare with the industry?

Ans. The PE ratio of Indian Metals & Ferro Alloys is 11.97 against an industry PE of 11.32. Price to book is 2.31 and return on equity is 15.61%. The base case in the Indian Metals & Ferro Alloys price target holds this PE constant.

Who owns Indian Metals & Ferro Alloys, and what is the promoter holding?

Ans. Promoters held 58.69% of Indian Metals & Ferro Alloys in September 2026. FII held 2.88%, DII held 0.84% and the public held 37.60%.

What were Indian Metals & Ferro Alloys' latest quarterly results?

Ans. In the June 2026 quarter, Indian Metals & Ferro Alloys reported revenue of Rs 973.36 crore (up 46.7% year on year) and net profit of Rs 192.59 crore (up 108.1%).