Maan Aluminium Ltd

₹ 121 -1.34%

11 Jun - close price

maanaluminium.com BSE: 532906 NSE: MAANALU

About

Incorporated in 2003, Maan Aluminium
Ltd is in the business of manufacturing
& trading of aluminium profiles, anodizing
and fabrication of profiles, aluminium ingots, aluminium billets etc.^[1]

Key Points

Business Overview:^[1]^[2]
MAL manufactures and exports Aluminum extruded products. It has in-house anodising and fabrication facilities to manufacture value added products. Company is an exclusive distributor of Hindalco for trading of aluminium billet/ingot and wire rod in North India and South India (ex-Hydrabad). Company purchases ingots and billets from large domestic suppliers like Vedanta Aluminium Limited, National Aluminium Company and Hindalco Industries Limited. In addition to domestic purchases, the company imports a part of its raw material requirement.

Website BSE NSE

Market Cap ₹ 727 Cr.
Current Price ₹ 121
High / Low ₹ 186 / 99.0
Stock P/E 55.8
Book Value ₹ 45.8
Dividend Yield 0.00 %
ROCE 7.73 %
ROE 5.75 %
Face Value ₹ 5.00

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Pros

Company has reduced debt.

Cons

Stock is trading at 2.65 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Promoter holding has decreased over last quarter: -3.05%
Company has a low return on equity of 11.7% over last 3 years.
Earnings include an other income of Rs.10.5 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Commodities Metals & Mining Non - Ferrous Metals Aluminium

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	262.87	207.36	295.30	212.97	237.40	176.78	205.44	182.09	245.86	211.19	191.08	151.87	254.57
	242.07	193.95	284.24	202.11	228.13	171.82	197.83	177.27	238.16	206.25	183.12	146.32	252.93
Operating Profit	20.80	13.41	11.06	10.86	9.27	4.96	7.61	4.82	7.70	4.94	7.96	5.55	1.64
OPM %	7.91%	6.47%	3.75%	5.10%	3.90%	2.81%	3.70%	2.65%	3.13%	2.34%	4.17%	3.65%	0.64%
	1.50	2.16	1.55	1.52	2.50	1.39	1.10	1.47	1.37	1.99	3.35	1.61	3.56
Interest	1.62	0.88	0.81	1.19	0.80	0.62	0.54	0.96	1.13	1.45	1.69	1.47	0.77
Depreciation	1.32	1.12	1.16	1.18	1.22	1.27	1.25	1.28	1.72	1.82	1.85	1.89	1.92
Profit before tax	19.36	13.57	10.64	10.01	9.75	4.46	6.92	4.05	6.22	3.66	7.77	3.80	2.51
Tax %	25.31%	25.20%	25.94%	25.67%	25.33%	23.99%	25.87%	24.69%	36.66%	25.41%	25.74%	25.53%	32.27%
	14.46	10.15	7.88	7.44	7.28	3.39	5.13	3.05	3.94	2.73	5.77	2.83	1.70
EPS in Rs	2.68	1.88	1.46	1.38	1.35	0.63	0.95	0.56	0.73	0.50	1.07	0.52	0.28
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	110	190	349	447	652	524	403	572	814	953	810	809
	107	185	341	434	634	512	378	539	743	908	782	789
Operating Profit	4	5	8	13	18	12	24	33	71	45	28	20
OPM %	3%	3%	2%	3%	3%	2%	6%	6%	9%	5%	4%	2%
	1	1	5	5	5	4	2	5	5	8	2	11
Interest	3	4	6	6	6	5	4	5	5	4	3	5
Depreciation	1	1	2	2	2	2	3	3	4	5	6	7
Profit before tax	0	1	5	10	14	9	20	30	67	44	22	18
Tax %	35%	35%	36%	34%	36%	17%	26%	26%	25%	26%	28%	27%
	0	1	3	6	9	8	15	22	50	33	16	13
EPS in Rs	0.05	0.11	0.60	1.19	1.70	1.40	2.74	4.07	9.25	6.06	2.87	2.17
Dividend Payout %	0%	28%	10%	11%	7%	9%	6%	6%	8%	0%	0%	0%

Compounded Sales Growth
10 Years:	16%
5 Years:	15%
3 Years:	0%
TTM:	0%

Compounded Profit Growth
10 Years:	36%
5 Years:	-3%
3 Years:	-36%
TTM:	-27%

Stock Price CAGR
10 Years:	50%
5 Years:	34%
3 Years:	11%
1 Year:	-4%

Return on Equity
10 Years:	19%
5 Years:	19%
3 Years:	12%
Last Year:	6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	3	3	3	7	7	7	7	14	14	27	27	30
Reserves	23	24	26	29	37	43	57	71	117	136	151	245
	20	55	68	40	53	31	73	66	56	33	90	55
	19	8	8	38	29	11	23	21	38	29	31	34
Total Liabilities	65	90	106	113	126	92	160	171	225	225	300	363
	20	20	21	23	27	29	37	45	51	54	105	108
CWIP	0	0	0	0	0	0	0	0	1	2	0	16
Investments	0	0	0	0	0	0	0	0	1	4	6	9
	45	69	84	91	98	63	123	126	173	165	188	231
Total Assets	65	90	106	113	126	92	160	171	225	225	300	363

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	3	-31	-7	36	-4	30	-19	15	29	33	0	18
	-1	-1	1	1	-3	-2	-12	-7	-10	-6	-54	-60
	-2	32	6	-35	6	-28	38	-14	-19	-27	54	42
Net Cash Flow	-0	1	-0	2	-1	-0	6	-6	-0	-0	-0	0
Free Cash Flow	2	-32	-10	33	-11	26	-31	4	19	25	-56	-6
CFO/OP	92%	-597%	-77%	304%	4%	264%	-61%	64%	66%	101%	21%	111%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	59	82	62	56	46	27	57	46	52	34	47	41
Inventory Days	67	35	18	9	6	12	35	29	20	17	30	34
Days Payable	62	6	3	29	12	3	15	9	17	9	10	11
Cash Conversion Cycle	64	111	77	36	41	36	77	66	55	42	67	64
Working Capital Days	24	19	13	12	11	16	19	27	35	33	36	50
ROCE %	7%	7%	12%	18%	24%	16%	22%	24%	43%	25%	12%	8%

Insights

In beta

Mar 2015

Mar 2016

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Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Capacity Utilization (Extrusion)
%

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Installed Capacity (Extrusion)
MTPA

Production Volume (Extrusion)
MT

Anodizing Capacity
TPA

Foundry Capacity
TPA

Machining Capacity
TPA

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	65.38%	60.71%	60.71%	58.87%	58.87%	58.87%	58.87%	58.87%	58.87%	58.87%	58.87%	55.82%
	0.67%	0.18%	0.15%	0.27%	0.33%	0.41%	0.37%	0.41%	0.37%	0.39%	0.01%	0.01%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.54%	0.00%	0.00%	0.00%	1.43%	1.58%
	33.94%	39.08%	39.13%	40.86%	40.81%	40.71%	40.22%	40.71%	40.76%	40.75%	39.69%	42.59%
No. of Shareholders	23,355	27,187	26,618	27,842	28,728	28,239	33,575	33,516	32,353	31,109	30,671	29,626

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	65.32%	65.32%	65.32%	65.32%	65.32%	65.54%	66.04%	58.87%	58.87%	55.82%
	0.00%	0.06%	0.00%	0.00%	0.00%	0.02%	0.48%	0.27%	0.41%	0.01%
	5.52%	0.75%	0.74%	0.00%	0.00%	0.01%	0.00%	0.00%	0.00%	1.58%
	0.00%	0.69%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	29.16%	33.18%	33.94%	34.68%	34.68%	34.43%	33.48%	40.86%	40.71%	42.59%
No. of Shareholders	11,035	13,763	11,177	10,948	12,378	20,130	19,385	27,842	33,516	29,626

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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