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Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
As of Jun. 2026, Indian Metals & Ferro Alloys has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Indian Metals & Ferro Alloys (NSE:IMFA) Sloan Ratio % Explanation
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Jun. 2026, Indian Metals & Ferro Alloys has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Indian Metals & Ferro Alloys Sloan Ratio % Related Terms
Indian Metals & Ferro Alloys Sloan Ratio % 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 Sloan Ratio % Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Indian Metals & Ferro Alloys's Sloan Ratio %, along with its competitors' market caps and Sloan 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 Sloan Ratio % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Indian Metals & Ferro Alloys's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Indian Metals & Ferro Alloys's Sloan Ratio % falls into.
Indian Metals & Ferro Alloys Sloan Ratio % Calculation
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
Indian Metals & Ferro Alloys's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 974.8 (Sep. 2025 ) + 1312.9 (Dec. 2025 ) + 1032.2 (Mar. 2026 ) + 1923.4 (Jun. 2026 ) = ₹5,243 Mil.
Indian Metals & Ferro Alloys's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 0 (Sep. 2025 ) + 0 (Dec. 2025 ) + 0 (Mar. 2026 ) + 0 (Jun. 2026 ) = ₹0 Mil.
Indian Metals & Ferro Alloys's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was 0 (Sep. 2025 ) + 0 (Dec. 2025 ) + 0 (Mar. 2026 ) + 0 (Jun. 2026 ) = ₹0 Mil.
* 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 (NSE:IMFA) has a Sloan Ratio % of 0.00% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Indian Metals & Ferro Alloys and its competitors.
Is Indian Metals & Ferro Alloys' Sloan Ratio % too high?
Indian Metals & Ferro Alloys' current Sloan Ratio % is 0.00%. Overall, Indian Metals & Ferro Alloys has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Indian Metals & Ferro Alloys' Sloan Ratio % compare to competitors?
Indian Metals & Ferro Alloys' Sloan Ratio % of 0.00% 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 Sloan Ratio % for a Metals & Mining company?
A good Sloan Ratio % depends on the Metals & Mining industry context. However, Sloan Ratio % 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 Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Indian Metals & Ferro Alloys and its competitors. Indian Metals & Ferro Alloys's current Sloan Ratio % is 0.00%. 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 ₹921.49, compared to a current price of ₹1,370.70 — trading 48.7% above its estimated fair value. The current Sloan Ratio % is 0.00%. Indian Metals & Ferro Alloys' overall GF Score™ is 70/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For Indian Metals & Ferro Alloys (NSE:IMFA), the current Sloan Ratio % is 0.00% as of Jun. 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 ₹1,370.70 is trading 48.7% above its estimated GF Value™ of ₹921.49.
GuruFocus considers Indian Metals & Ferro Alloys to be Significantly Overvalued.
Key valuation signals for NSE:IMFA:
Sloan Ratio %: 0.00%
GF Value™: ₹921.49 vs. price of ₹1,370.70 (48.7% 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.
70GF Score
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