Indsil Hydro Power and Manganese Limited is engaged in manufacturing of ferro alloys, and generation of electricity (hydro power). The Company's products include ultra-low carbon silico manganese, low carbon silico manganese, ferro chrome and ferro silicon.


The Company's low carbon and ultra-low carbon silico manganese alloys are used in stainless steel making, as well as in grades of carbon steel. The Company has approximately two captive power plants, which include a 21 megawatts (MW) hydro power plant in Rajakkad, Idukki District, Kerala and a 12 MW Coal fired plant in Raipur, Chhattisgarh. Its capacity for low carbon silico manganese is approximately 45,000 tons per Annum (TPA) located across over three smelters within India. The Company runs approximately 75,000 TPA ferro chrome smelter in the Sultanate of Oman along with captive chrome mine resources. It has also 25 MW solar plant in Oman.It has an equity base of Rs.27.79 crore that is supported by reserves of around Rs.103.52 crore. The promoters hold 63.44% while the investing public holds 36.56% stake in the company.

During Q3FY22 & 9MFY22 it has reported superb numbers. For Q3FY22, IHML posted PAT of Rs.38.49 crore as against LOSS of Rs.7.47 crore in Q3FY21 on 301.86% higher sales of Rs.58.11 crore fetching an EPS of Rs.13.85. For 9MFY22, IHML posted PAT of Rs.69.66 crore as against LOSS of Rs.35.08 crore in 9MFY21 on 349% higher income of Rs.151.02 crore and an EPS of Rs.25.06. 

At CMP, IHML trades at P/E ratio of 4.75x. 


On account of strong fundamentals and robust technical, it is likely to achieve decent levels in 9-12 months. Keep stop loss of Rs.80 for your buying.