Maan Aluminium Ltd

Maan Aluminium Ltd

₹ 138 -1.35%
18 Jun - close price
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]# https://www.icra.in/Rationale/ShowRationaleReport/?Id=126824#page=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.

  • Market Cap 749 Cr.
  • Current Price 138
  • High / Low 176 / 63.0
  • Stock P/E 22.9
  • Book Value 30.2
  • Dividend Yield 0.54 %
  • ROCE 24.9 %
  • ROE 22.3 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 29.0% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 31.9%
  • Debtor days have improved from 44.1 to 34.2 days.
  • Company's median sales growth is 28.0% of last 10 years

Cons

  • Promoter holding has decreased over last quarter: -1.84%

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
163.27 120.70 158.15 164.44 129.00 173.16 188.20 189.62 262.87 207.36 295.30 212.97 237.40
154.73 113.16 150.75 157.74 117.79 160.96 169.50 170.03 242.07 193.95 284.24 202.11 228.13
Operating Profit 8.54 7.54 7.40 6.70 11.21 12.20 18.70 19.59 20.80 13.41 11.06 10.86 9.27
OPM % 5.23% 6.25% 4.68% 4.07% 8.69% 7.05% 9.94% 10.33% 7.91% 6.47% 3.75% 5.10% 3.90%
0.59 1.60 1.00 0.76 1.89 1.06 1.34 1.26 1.50 2.16 1.55 1.52 2.50
Interest 1.17 1.43 1.24 1.13 1.08 1.00 1.34 0.99 1.62 0.88 0.81 1.19 0.80
Depreciation 0.82 0.83 0.84 0.90 0.90 0.98 1.06 1.11 1.32 1.12 1.16 1.18 1.22
Profit before tax 7.14 6.88 6.32 5.43 11.12 11.28 17.64 18.75 19.36 13.57 10.64 10.01 9.75
Tax % 26.33% 24.42% 25.79% 27.81% 26.53% 25.53% 25.74% 25.28% 25.31% 25.20% 25.94% 25.67% 25.33%
5.26 5.20 4.69 3.92 8.17 8.40 13.10 14.01 14.46 10.15 7.88 7.44 7.28
EPS in Rs 0.97 0.96 0.87 0.73 1.51 1.56 2.43 2.59 2.68 1.88 1.46 1.38 1.35
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
92 103 110 190 349 447 652 524 403 572 814 953
88 98 107 185 341 434 634 512 378 539 743 908
Operating Profit 4 5 4 5 8 13 18 12 24 33 71 45
OPM % 4% 5% 3% 3% 2% 3% 3% 2% 6% 6% 9% 5%
1 1 1 1 5 5 5 4 2 5 5 8
Interest 3 3 3 4 6 6 6 5 4 5 5 4
Depreciation 2 2 1 1 2 2 2 2 3 3 4 5
Profit before tax 1 0 0 1 5 10 14 9 20 30 67 44
Tax % 40% -11% 35% 35% 36% 34% 36% 17% 26% 26% 25% 26%
0 0 0 1 3 6 9 8 15 22 50 33
EPS in Rs 0.07 0.08 0.05 0.11 0.60 1.19 1.70 1.40 2.74 4.07 9.25 6.06
Dividend Payout % 0% 0% 0% 28% 10% 11% 7% 9% 6% 6% 8% 0%
Compounded Sales Growth
10 Years: 25%
5 Years: 8%
3 Years: 33%
TTM: 17%
Compounded Profit Growth
10 Years: 54%
5 Years: 29%
3 Years: 30%
TTM: -35%
Stock Price CAGR
10 Years: 57%
5 Years: 68%
3 Years: 47%
1 Year: 63%
Return on Equity
10 Years: 25%
5 Years: 29%
3 Years: 32%
Last Year: 22%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 3 3 3 3 3 7 7 7 7 14 14 27
Reserves 23 24 23 24 26 29 37 43 57 71 117 136
15 19 20 55 68 40 53 31 73 66 56 33
18 11 19 8 8 38 29 11 23 21 38 29
Total Liabilities 60 58 65 90 106 113 126 92 160 171 225 225
22 21 20 20 21 23 27 29 37 45 51 54
CWIP 0 0 0 0 0 0 0 0 0 0 1 2
Investments 0 0 0 0 0 0 0 0 0 0 1 5
37 36 45 69 84 91 98 63 123 126 173 165
Total Assets 60 58 65 90 106 113 126 92 160 171 225 225

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2 -1 3 -31 -7 36 -4 30 -19 15 29 33
-4 -1 -1 -1 1 1 -3 -2 -12 -7 -10 -6
2 2 -2 32 6 -35 6 -28 38 -14 -19 -27
Net Cash Flow 0 -0 -0 1 -0 2 -1 -0 6 -6 -0 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 63 44 59 82 62 56 46 27 57 46 52 34
Inventory Days 73 71 67 35 18 9 6 12 35 29 20 17
Days Payable 73 35 62 6 3 29 12 3 15 9 17 9
Cash Conversion Cycle 63 79 64 111 77 36 41 36 77 66 55 42
Working Capital Days 71 87 89 120 81 42 39 34 82 67 60 46
ROCE % 8% 8% 7% 7% 12% 18% 24% 16% 22% 24% 43%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
65.32% 65.32% 65.32% 65.54% 66.04% 66.04% 66.04% 66.04% 65.38% 60.71% 60.71% 58.87%
0.00% 0.15% 0.16% 0.02% 0.00% 0.23% 0.24% 0.48% 0.67% 0.18% 0.15% 0.27%
0.00% 0.01% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
34.68% 34.53% 34.53% 34.43% 33.96% 33.72% 33.72% 33.48% 33.94% 39.08% 39.13% 40.86%
No. of Shareholders 16,98320,10519,61920,13019,92120,21319,57519,38523,35527,18726,61827,842

* 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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