Indian Metals & Ferro Alloys (NSE:IMFA) E10: ₹48.56 (As of Mar. 2026)


NSE:IMFA Indian Metals & Ferro Alloys Ltd NSE:IMFA
65 GF Score
Price ₹1,327.00
GF Value ₹832.15
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Indian Metals & Ferro Alloys E10?

Indian Metals & Ferro Alloys NSE:IMFA -4.06% 65 E10 is ₹48.56 as of Mar. 2026. GuruFocus rates NSE:IMFA with a GF Score™ of 65/100 and a GF Value™ of ₹832.15 (Significantly Overvalued). The stock has 1 warning sign investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Indian Metals & Ferro Alloys's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹19.130. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹48.56 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Indian Metals & Ferro Alloys's average E10 Growth Rate was 14.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

As of today (2026-06-29), Indian Metals & Ferro Alloys's current stock price is ₹1327.00. Indian Metals & Ferro Alloys's E10 for the quarter that ended in Mar. 2026 was ₹48.56. Indian Metals & Ferro Alloys's Shiller PE Ratio of today is 27.33.

During the past 13 years, the highest Shiller PE Ratio of Indian Metals & Ferro Alloys was 32.27. The lowest was 13.60. And the median was 23.93.


Indian Metals & Ferro Alloys  (NSE:IMFA) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Indian Metals & Ferro Alloys's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1327.00/48.56
=27.33

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Shiller P/E Ratio of Indian Metals & Ferro Alloys was 32.27. The lowest was 13.60. And the median was 23.93.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Indian Metals & Ferro Alloys E10 Related Terms


Indian Metals & Ferro Alloys E10 Historical Data

* Premium members only.

The historical data trend for Indian Metals & Ferro Alloys's E10 can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Indian Metals & Ferro Alloys E10 Chart

Indian Metals & Ferro Alloys Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 42.38 48.56

Indian Metals & Ferro Alloys Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
E10 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 42.38 43.82 45.39 47.34 48.56

Indian Metals & Ferro Alloys E10 Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Indian Metals & Ferro Alloys's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Indian Metals & Ferro Alloys Shiller PE Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Indian Metals & Ferro Alloys's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Indian Metals & Ferro Alloys's Shiller PE Ratio falls into.


NSE:IMFA
65GF Score
Indian Metals & Ferro Alloys Ltd NSE:IMFA
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Indian Metals & Ferro Alloys E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Indian Metals & Ferro Alloys's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=19.13/164.2724*164.2724
=19.130

Current CPI (Mar. 2026) = 164.2724.

Indian Metals & Ferro Alloys Quarterly Data

per share eps CPI Adj_EPS
201103 0.000 70.768 0.000
201203 0.000 76.889 0.000
201303 0.000 85.687 0.000
201403 0.000 91.425 0.000
201503 0.000 97.163 0.000
201603 0.000 102.518 0.000
201703 0.000 105.196 0.000
201803 0.000 109.786 0.000
201806 5.610 111.317 8.279
201809 3.135 115.142 4.473
201812 6.145 115.142 8.767
201903 -15.070 118.202 -20.944
201906 2.335 120.880 3.173
201909 -6.255 123.175 -8.342
201912 0.845 126.235 1.100
202003 -9.280 124.705 -12.224
202006 4.575 127.000 5.918
202009 8.085 130.118 10.207
202012 3.015 130.889 3.784
202103 12.362 131.771 15.411
202106 18.340 134.084 22.469
202109 26.610 135.847 32.178
202112 11.330 138.161 13.471
202203 26.426 138.822 31.271
202206 24.850 142.347 28.678
202209 3.020 144.661 3.429
202212 2.010 145.763 2.265
202303 11.860 146.865 13.266
202306 20.460 150.280 22.365
202309 16.530 151.492 17.925
202312 20.150 152.924 21.645
202403 6.550 153.035 7.031
202406 20.950 155.789 22.091
202409 23.170 157.882 24.108
202412 17.300 158.323 17.950
202503 8.770 157.552 9.144
202506 17.100 159.755 17.584
202509 18.070 162.289 18.291
202512 24.330 163.281 24.478
202603 19.130 164.272 19.130

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of ₹48.56 mean?
Indian Metals & Ferro Alloys (NSE:IMFA) has a E10 of ₹48.56 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Indian Metals & Ferro Alloys and its competitors.
Is Indian Metals & Ferro Alloys' E10 too high?
Indian Metals & Ferro Alloys' current E10 is ₹48.56. Overall, Indian Metals & Ferro Alloys has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Indian Metals & Ferro Alloys' E10 compare to competitors?
Indian Metals & Ferro Alloys' E10 of ₹48.56 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Metals & Mining company?
A good E10 depends on the Metals & Mining industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Indian Metals & Ferro Alloys and its competitors. Indian Metals & Ferro Alloys's current E10 is ₹48.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indian Metals & Ferro Alloys stock overvalued right now?
Based on GuruFocus' analysis, Indian Metals & Ferro Alloys (NSE:IMFA) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹832.15, compared to a current price of ₹1,327.00 — trading 59.5% above its estimated fair value. The current E10 is ₹48.56. Indian Metals & Ferro Alloys' overall GF Score™ is 65/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Indian Metals & Ferro Alloys (NSE:IMFA), the current E10 is ₹48.56 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Indian Metals & Ferro Alloys (NSE:IMFA) Overvalued in 2026?

Based on GuruFocus' analysis, Indian Metals & Ferro Alloys stock appears to be overvalued. The current stock price of ₹1,327.00 is trading 59.5% above its estimated GF Value™ of ₹832.15. GuruFocus considers Indian Metals & Ferro Alloys to be Significantly Overvalued.

Key valuation signals for NSE:IMFA:

  • E10: ₹48.56
  • GF Value™: ₹832.15 vs. price of ₹1,327.00 (59.5% above fair value)
  • GF Score™: 65/100 with 1 warning sign

No single metric tells the full story. See the NSE:IMFA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Indian Metals & Ferro Alloys Business Description

Other Exchanges 533047:India
Address Bomikhal, IMFA Building, P.O. Rasulgarh, Bhubaneswar, OR, IND, 751010
Indian Metals & Ferro Alloys Ltd is a producer of value-added ferrochrome in India, with operations spanning the entire value chain from captive chromite mining and power generation to smelting and exports of ferrochrome. The group's reportable segments are Ferro Alloys, Power, Mining, and All Other segments. The majority of its revenue is generated from the Ferro Alloys segment, which produces value-added ferrochrome, which has extensive applications in the manufacture of specialty alloys and stainless steels. Geographically, the majority of the group's revenue is generated through the exports of its products to its customers outside India in countries such as South Korea, China, Taiwan, Japan, and others.
65GF Score

Get the complete analysis for NSE:IMFA

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹1,327.00
Price
₹832.15
GF Value