Basic Materials
Indian Metals & Ferro Alloys Limited (imfa) Q1 FY27: Record Revenue and Profitability
IMFA reports record Q1 FY27 revenue ₹960.45 Cr, up from ₹641.54 Cr, driven by higher volumes and firm prices.
Indian Metals & Ferro Alloys Ltd (IMFA; NSE: IMFAEQ), the country’s largest producer of ferro chrome, announced financial results for the quarter ended June 30th, 2026. The quarter was marked by record revenue and robust financial performance on the back of higher volumes and firm prices, reinforcing the company’s resilience and growth trajectory.
Record Revenue and Profitability
IMFA’s Q1 FY27 revenue surged to ₹960.45 crore, up from ₹641.54 crore in Q1 FY26. The company’s EBITDA also jumped to ₹281.27 crore from ₹125.47 crore, while PAT rose to ₹191.49 crore against ₹91.48 crore in the same quarter last year.
Operational Highlights
The company’s Greenfield Expansion Project at Kalinganagar (KNR 1) is on track, with Consent to Operate (CTO) and Factory License having been received. The process of switching on the first furnace is underway, with hot metal tapping expected in the third week of August 2026, and the second furnace is likely to be commissioned in September 2026. All four furnaces at the KNR 2 are operational, resulting in total production for the quarter exceeding 80,000 tonnes for the first time.
The Company has dispatched approximately 14,000 tonnes material during the quarter, substantially contributing to revenues and profitability. Significantly expanding its green footprint, a long-term offtake arrangement has been signed with Enfinity Global for an additional 65 MWp hybrid renewable energy which is expected to be available by June 2027. With this, approximately 40% of IMFA’s energy consumption will be from non-fossil sources by the middle of next year.
The Ethanol project at Therubali is nearing completion, with any further delay attributable to the second-degree effect of geopolitical uncertainty and monsoon-related disruptions; however, there is no material impact on the Company’s financials. The trial run of the unit is now expected in October 2026.
Commenting on the earnings, Mr Subhrakant Panda, Managing Director, said: “The record performance during the quarter is on account of higher ferro chrome output, boosted by the strategic acquisition, and firm prices coupled with a continuing focus on operational efficiency. With the Greenfield Project expected to be fully commissioned and stabilised by Q3, we will close out the year with operating smelting capacity of more than half a million tonnes.”
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Indian Metals & Ferro Alloys Limited
Indian Metals & Ferro Alloys Limited belongs to the Basic Materials › Other Industrial Metals & Mining sector. Here’s a quick read on where the business and the stock stand today.
Indian holds in the upper half of its 52-week range, a sign the market backs the stock. The PEG of 0.81 signals undervaluation relative to growth. It is a potential re-rating candidate. Revenue grows at 1.9% CAGR. The company generates cash but does not compound aggressively. The stock trades at 81% of its 52-week range — near its best levels of the year. Clearly, the market pays a premium for this name. The stock rises 4.9% in three months on 1.9% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of Indian Metals & Ferro Alloys Limited.
Basic Materials
The Ramco Cements Limited (ramcocem) Wins Three Honours at Kyoorius Design Awards 2026
The Ramco Cements Limited (RAMCOCEM) wins three prestigious honours at the Kyoorius Design Awards 2026, including the Grand Prix Grey Elephant.
The Ramco Cements Limited (RAMCOCEM) has achieved remarkable success at the Kyoorius Design Awards 2026, earning three prestigious honours, including the coveted Grand Prix Grey Elephant in the Design in Action track. This recognition underscores the brand’s innovative design philosophy and its distinctive approach to construction chemicals.
Distinctive Design Philosophy
Hard Worker, The Ramco Cements Limited’s construction chemicals brand, has been recognised for its innovative design thinking. The brand won two Blue Elephant honours – one for Design in Action and another for Packaging. This success highlights the brand’s commitment to creating memorable and easily understandable communication.
Industry Milestone
The accolades come at a significant milestone for Hard Worker, which has already crossed ₹350 crore in sales within its first 12 months since launch. The recognition further cements Hard Worker’s position as a leader in the construction chemicals sector.
Future Outlook
As The Ramco Cements Limited continues to expand its portfolio, the recognition at the Kyoorius Design Awards 2026 serves as a testament to the brand’s design-led approach and its ability to resonate with diverse markets and audiences. This achievement is expected to drive further growth and innovation in the construction chemicals industry.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of The Ramco Cements Limited
The Ramco Cements Limited belongs to the Basic Materials › Building Materials sector. Here’s a quick read on where the business and the stock stand today.
The trades in the lower quarter of its 52-week range. Thin margins at 7.0% leave limited room for error — any demand softness or cost spike hits the bottom line hard. The PEG of 1.04 sits close to fair value. The stock is neither a clear buy nor obviously expensive. The stock sits at 8% of its 52-week range, close to annual lows. Historically, value investors build positions at these levels — though cheap stocks can stay cheap. Revenue grows at 3.3% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of The Ramco Cements Limited.
Basic Materials
Jindal Stainless Limited (JSL) Gains NCVET Recognition for Awarding Body Status
Jindal Stainless Limited (JSL) secures recognition from NCVET as an Awarding Body, enhancing its role in developing industry-led qualifications.
Jindal Stainless Limited (JSL) has achieved a significant milestone by securing recognition from the National Council for Vocational Education and Training (NCVET) as an Awarding Body. This recognition strengthens JSL’s role in developing industry-led qualifications and building a skilled talent pipeline for the stainless steel ecosystem.
Significance of NCVET Recognition
The signing of the Memorandum of Understanding (MoU) was attended by key officials including Chairperson, NCVET and Secretary, Ministry of Skill Development and Entrepreneurship, Government of India, Ms Debashree Mukherjee. As an Awarding Body, JSL will be eligible to award, assess, and certify learners for approved qualifications where training is directly imparted through campuses or training centers owned or fully managed by the organization.
First Qualification Developed
NCVET has approved the first qualification developed by JSL – “Stainless Steel Decorative Pipe & Tube Manufacturing Operator” under Capital Goods sector at NSQF Level 4. This marks an important step in giving industry a stronger role in shaping and recognizing the capabilities that India’s stainless steel sector will need.
Future Prospects
With the NCVET recognition, JSL can build on its foundation by developing qualifications and certification programs that reflect the practical requirements of stainless steel manufacturing, processing, fabrication, and applications. This move is part of JSL’s efforts to address workforce readiness gaps among fabricators, workers, employers, and students through an industry-led approach.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Jindal Stainless Limited
Jindal Stainless Limited belongs to the Basic Materials › Steel sector. Here’s a quick read on where the business and the stock stand today.
Jindal posts a 4.0% three-month gain, but softens in the last few weeks. Thin margins at 7.4% leave limited room for error — any demand softness or cost spike hits the bottom line hard. Not a single revenue dip or loss quarter in five years — this is a business built to last through cycles. The stock gives back 2.6% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. Revenue grows at 6.4% and profits at 14.7%. The business is in good shape. Moreover, a stock that does not move despite strong fundamentals often offers better value than one already priced for perfection. Check Fundamentals of Jindal Stainless Limited.
Basic Materials
Excel Industries Limited (excelindus) Achieves Silver Rating in Ecovadis Sustainability Assessment
Excel Industries Limited (EXCELINDUS) secures Silver Rating in EcoVadis Sustainability Assessment, placing among top 15% globally.
Excel Industries Limited (EXCELINDUS) has been awarded the Silver Rating in the EcoVadis Sustainability assessment, placing the company among the top 15% of businesses globally. This recognition highlights the strength of Excel’s sustainability management framework and the depth of evidence supporting its disclosures.
Sustainability Management Systems
The Silver rating recognises measurable progress across four areas: stronger sustainability management systems, deeper value chain engagement, improved environmental performance, and greater transparency in reporting. This achievement reflects the collective efforts of the Company’s employees and the continued integration of sustainability into its business practices.
Commitment to People, Planet, and Progress
Sustainability sits at the core of Excel’s operating philosophy, captured in its guiding principle of People, Planet and Progress and is embedded across its manufacturing sites, product development, and supply chain decisions. As we seek to expand our global footprint and our contract manufacturing presence, this rating will help establish us as a reliable supplier committed to sustainability, said Mr. Ravi A. Shroff, Managing Director, Excel Industries Limited.
Future Prospects
This achievement is expected to help in strengthening relations with existing customers and forging new relationships as the company seeks to expand its global footprint and presence in performance solutions and contract manufacturing.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Excel Industries Limited
Excel Industries Limited belongs to the Basic Materials › Specialty Chemicals sector. Here’s a quick read on where the business and the stock stand today.
Excel posts a 3.6% three-month gain, but softens in the last few weeks. Thin margins at 6.6% leave limited room for error — any demand softness or cost spike hits the bottom line hard. Revenue contracts at 0.1% CAGR. That signals structural headwinds, not a short-term blip. The stock gives back 2.4% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. Revenue grows at 0.1% CAGR and the PEG stands at 99.00. The growth does not match the price the market asks. Furthermore, flat price action adds no technical catalyst. A lower price or faster revenue growth would improve the odds. Check Fundamentals of Excel Industries Limited.
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