Maithan Alloys Ltd
Maithan Alloys is engaged in the business of manufacturing and exporting of all three bulk Ferro alloys- Ferro Manganese, Silico Manganese and Ferro Silicon. It is also engaged in the generation and supply of Wind Power and has a Captive Power Plant.(Source : 201903 Annual Report Page No: 88)
- Market Cap ₹ 2,860 Cr.
- Current Price ₹ 980
- High / Low ₹ 1,149 / 766
- Stock P/E 5.41
- Book Value ₹ 938
- Dividend Yield 0.61 %
- ROCE 26.3 %
- ROE 20.9 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 1.05 times its book value
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.3%
- Debtor days have improved from 80.9 to 53.1 days.
Cons
* 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
Sector: Mining & Mineral products Industry: Mining / Minerals / Metals
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 636 | 854 | 811 | 882 | 1,146 | 1,337 | 1,873 | 1,979 | 1,816 | 1,615 | 3,052 | 2,908 | |
| 568 | 790 | 772 | 811 | 1,015 | 1,057 | 1,489 | 1,654 | 1,581 | 1,318 | 1,995 | 2,407 | |
| Operating Profit | 68 | 64 | 39 | 71 | 132 | 279 | 384 | 325 | 235 | 298 | 1,058 | 501 |
| OPM % | 11% | 7% | 5% | 8% | 11% | 21% | 21% | 16% | 13% | 18% | 35% | 17% |
| 6 | 4 | 2 | 3 | 4 | 8 | 15 | 26 | 66 | 24 | 31 | 79 | |
| Interest | 4 | 7 | 6 | 6 | 17 | 12 | 8 | 8 | 6 | 3 | 3 | 2 |
| Depreciation | 7 | 7 | 6 | 3 | 23 | 25 | 15 | 16 | 16 | 16 | 15 | 15 |
| Profit before tax | 62 | 54 | 29 | 64 | 96 | 250 | 376 | 327 | 279 | 302 | 1,070 | 563 |
| Tax % | 24% | 20% | 22% | 20% | 17% | 26% | 22% | 22% | 21% | 23% | 25% | 24% |
| Net Profit | 47 | 44 | 23 | 52 | 79 | 186 | 292 | 255 | 222 | 233 | 808 | 427 |
| EPS in Rs | 16.17 | 15.02 | 7.90 | 17.71 | 27.15 | 63.78 | 100.22 | 87.69 | 76.22 | 80.05 | 277.45 | 146.51 |
| Dividend Payout % | 6% | 7% | 13% | 6% | 7% | 4% | 3% | 7% | 8% | 8% | 2% | 4% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 9% |
| 3 Years: | 17% |
| TTM: | -5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 28% |
| 5 Years: | 13% |
| 3 Years: | 42% |
| TTM: | -34% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 40% |
| 5 Years: | 9% |
| 3 Years: | 39% |
| 1 Year: | -4% |
| Return on Equity | |
|---|---|
| 10 Years: | 25% |
| 5 Years: | 25% |
| 3 Years: | 26% |
| Last Year: | 21% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 15 | 15 | 15 | 15 | 29 | 29 | 29 | 29 | 29 | 29 | 29 | 29 | |
| Reserves | 216 | 256 | 276 | 320 | 366 | 563 | 846 | 1,091 | 1,270 | 1,502 | 2,293 | 2,702 |
| 7 | 23 | 39 | 25 | 139 | 81 | 45 | 7 | 10 | 49 | 5 | 12 | |
| 190 | 211 | 178 | 191 | 263 | 260 | 302 | 399 | 212 | 326 | 394 | 286 | |
| Total Liabilities | 428 | 505 | 507 | 551 | 797 | 934 | 1,222 | 1,526 | 1,522 | 1,905 | 2,722 | 3,028 |
| 72 | 62 | 57 | 55 | 260 | 238 | 233 | 219 | 207 | 193 | 160 | 151 | |
| CWIP | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 2 |
| Investments | 72 | 126 | 128 | 125 | 47 | 84 | 362 | 649 | 26 | 815 | 849 | 938 |
| 285 | 317 | 321 | 369 | 490 | 612 | 626 | 657 | 1,287 | 897 | 1,713 | 1,938 | |
| Total Assets | 428 | 505 | 507 | 551 | 797 | 934 | 1,222 | 1,526 | 1,522 | 1,905 | 2,722 | 3,028 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 68 | 8 | -7 | 8 | 136 | 123 | 284 | 315 | -45 | 116 | 128 | 958 | |
| -11 | -42 | 2 | 4 | -11 | -8 | -280 | -270 | 697 | -760 | -0 | -956 | |
| -35 | 7 | 7 | -21 | -101 | -74 | -55 | -54 | -43 | 37 | -62 | -13 | |
| Net Cash Flow | 22 | -26 | 2 | -8 | 25 | 41 | -50 | -9 | 609 | -607 | 66 | -11 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 49 | 49 | 46 | 78 | 63 | 62 | 47 | 47 | 56 | 99 | 91 | 53 |
| Inventory Days | 90 | 83 | 96 | 75 | 92 | 109 | 93 | 85 | 95 | 151 | 176 | 62 |
| Days Payable | 174 | 66 | 51 | 54 | 81 | 47 | 55 | 80 | 26 | 80 | 52 | 32 |
| Cash Conversion Cycle | -35 | 66 | 92 | 98 | 74 | 123 | 85 | 52 | 125 | 170 | 216 | 83 |
| Working Capital Days | 28 | 36 | 56 | 70 | 42 | 60 | 49 | 38 | 87 | 122 | 134 | 178 |
| ROCE % | 29% | 23% | 11% | 20% | 25% | 43% | 48% | 32% | 20% | 20% | 54% | 26% |
Documents
Announcements
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
25 May - Secretarial Compliance Report for the year ended 31st March, 2023.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
24 May - Newspaper advertisement relating to the publication of the Extract of Standalone and Consolidated Audited Financial Results of the Company for the quarter and financial year …
- Disclosure Of Related Party Transactions 23 May
- Board Meeting Outcome for Outcome Of The Meeting Of The Board -Dividend 23 May
- Financial Results For The Quarter And Financial Year Ended On 31St March, 2023 23 May
Annual reports
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2011
from nse
-
Financial Year 2010
from bse
Concalls
-
Jun 2022TranscriptNotesPPT
-
Nov 2021TranscriptNotesPPT
-
Sep 2021TranscriptNotesPPT
-
May 2021TranscriptNotesPPT
-
Feb 2021TranscriptNotesPPT
-
Nov 2020TranscriptNotesPPT
-
Aug 2020TranscriptNotesPPT
-
Jul 2020TranscriptNotesPPT
-
Feb 2020TranscriptNotesPPT
-
Nov 2019TranscriptNotesPPT
-
Sep 2019TranscriptNotesPPT
-
May 2019Transcript PPT
-
Jan 2019TranscriptNotesPPT
-
Aug 2018TranscriptNotesPPT
-
May 2018TranscriptNotesPPT
-
May 2018TranscriptNotesPPT
-
Jan 2018TranscriptNotesPPT
-
Nov 2017TranscriptNotesPPT
-
Aug 2017TranscriptNotesPPT
-
May 2017TranscriptNotesPPT
Maithan is India’s largest Manganese Alloy Producer[1]