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Indian Metals & Ferro AlloysNSE:IMFA +4.62%65 Return-on-Tangible-Equity is 15.27% as of Mar. 2026, which is 10% below its 10-year median of 16.97. GuruFocus rates NSE:IMFA with a GF Score™ of 65/100 and a GF Value™ of ₹850.68 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,382 Metals & Mining companies, Indian Metals & Ferro Alloys ranks better than 86.65% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Indian Metals & Ferro Alloys's annualized net income for the quarter that ended in Mar. 2026 was ₹4,129 Mil. Indian Metals & Ferro Alloys's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹27,045 Mil. Therefore, Indian Metals & Ferro Alloys's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 15.27%.
The historical rank and industry rank for Indian Metals & Ferro Alloys's Return-on-Tangible-Equity or its related term are showing as below:
NSE:IMFA'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -6.02 Med: 16.97 Max: 34.8
Current: 16.88
During the past 13 years, Indian Metals & Ferro Alloys's highest Return-on-Tangible-Equity was 34.80%. The lowest was -6.02%. And the median was 16.97%.
NSE:IMFA's Return-on-Tangible-Equity is ranked better than 86.65% of 2382
companies
in the Metals & Mining industry
Industry Median: -16.21
vs NSE:IMFA: 16.88
Indian Metals & Ferro Alloys (NSE:IMFA) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Indian Metals & Ferro Alloys Return-on-Tangible-Equity Related Terms
Indian Metals & Ferro Alloys Return-on-Tangible-Equity Historical Data
* 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 Return-on-Tangible-Equity Chart
Indian Metals & Ferro Alloys Return-on-Tangible-Equity Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Indian Metals & Ferro Alloys's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Indian Metals & Ferro Alloys's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Indian Metals & Ferro Alloys's Return-on-Tangible-Equity falls into.
* 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 15.27% mean?
Indian Metals & Ferro Alloys (NSE:IMFA) has a Return-on-Tangible-Equity of 15.27% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Indian Metals & Ferro Alloys and its competitors. This is 10% below median its historical median of 16.97. According to the industry distribution chart, Indian Metals & Ferro Alloys ranks #318 out of 2382 companies in the Metals & Mining industry, placing it in the top 13.4%.
Is Indian Metals & Ferro Alloys' Return-on-Tangible-Equity too high?
Indian Metals & Ferro Alloys' current Return-on-Tangible-Equity of 15.27% is 10% below median its 10-year median of 16.97. Based on the distribution chart, Indian Metals & Ferro Alloys ranks #318 out of 2382 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. 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' Return-on-Tangible-Equity compare to competitors?
According to the Metals & Mining industry distribution chart, Indian Metals & Ferro Alloys ranks #318 out of 2382 companies for Return-on-Tangible-Equity. This places Indian Metals & Ferro Alloys in the top 13% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Metals & Mining company?
A good Return-on-Tangible-Equity depends on the Metals & Mining industry context. However, Return-on-Tangible-Equity 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Indian Metals & Ferro Alloys and its competitors. Indian Metals & Ferro Alloys's current Return-on-Tangible-Equity is 15.27%, which is 10% below median its own 10-year median of 16.97. 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 ₹850.68, compared to a current price of ₹1,400.90 — trading 64.7% above its estimated fair value. The current Return-on-Tangible-Equity is 15.27%, which is 10% below median its 10-year median of 16.97. Indian Metals & Ferro Alloys' overall GF Score™ is 65/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Indian Metals & Ferro Alloys (NSE:IMFA), the current Return-on-Tangible-Equity is 15.27% 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 ₹1,400.90 is trading 64.7% above its estimated GF Value™ of ₹850.68.
GuruFocus considers Indian Metals & Ferro Alloys to be Significantly Overvalued.
Key valuation signals for NSE:IMFA:
Return-on-Tangible-Equity: 15.27% (10% below median its 10-year median of 16.97)
GF Value™: ₹850.68 vs. price of ₹1,400.90 (64.7% above fair value)
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 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
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