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 ₹ 2,478 Cr.
- Current Price ₹ 851
- High / Low ₹ 1,596 / 777
- Stock P/E 3.43
- Book Value ₹ 904
- Dividend Yield 0.70 %
- ROCE 54.9 %
- ROE 42.0 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.94 times its book value
- Company is expected to give good quarter
- Company has delivered good profit growth of 35.2% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.7%
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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 605 | 673 | 948 | 957 | 1,103 | 1,146 | 1,337 | 1,873 | 1,979 | 1,816 | 1,615 | 2,987 | 3,187 | |
| 499 | 607 | 861 | 904 | 989 | 1,015 | 1,064 | 1,489 | 1,654 | 1,581 | 1,321 | 1,912 | 2,380 | |
| Operating Profit | 106 | 66 | 86 | 53 | 114 | 132 | 273 | 384 | 325 | 235 | 294 | 1,075 | 807 |
| OPM % | 18% | 10% | 9% | 6% | 10% | 11% | 20% | 21% | 16% | 13% | 18% | 36% | 25% |
| 7 | 7 | 5 | 3 | 1 | 4 | 8 | 15 | 26 | 66 | 24 | 27 | 41 | |
| Interest | 7 | 4 | 19 | 21 | 22 | 17 | 12 | 8 | 8 | 6 | 3 | 3 | 1 |
| Depreciation | 10 | 10 | 19 | 23 | 27 | 23 | 25 | 15 | 16 | 16 | 16 | 17 | 20 |
| Profit before tax | 96 | 60 | 54 | 12 | 66 | 96 | 244 | 376 | 327 | 279 | 299 | 1,082 | 827 |
| Tax % | 25% | 25% | 19% | 9% | 21% | 18% | 26% | 22% | 22% | 20% | 23% | 24% | |
| Net Profit | 73 | 45 | 44 | 11 | 53 | 79 | 180 | 292 | 255 | 222 | 230 | 818 | 643 |
| EPS in Rs | 24.98 | 15.59 | 15.25 | 3.91 | 18.08 | 27.09 | 61.72 | 100.24 | 87.67 | 76.27 | 79.29 | 281.01 | 220.83 |
| Dividend Payout % | 4% | 6% | 7% | 26% | 6% | 7% | 4% | 3% | 7% | 8% | 8% | 2% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 17% |
| 3 Years: | 15% |
| TTM: | 20% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 34% |
| 5 Years: | 35% |
| 3 Years: | 47% |
| TTM: | 9% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 36% |
| 5 Years: | 1% |
| 3 Years: | 39% |
| 1 Year: | -37% |
| Return on Equity | |
|---|---|
| 10 Years: | 27% |
| 5 Years: | 28% |
| 3 Years: | 27% |
| Last Year: | 42% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 15 | 15 | 15 | 15 | 15 | 29 | 29 | 29 | 29 | 29 | 29 | 29 | 29 | |
| Reserves | 180 | 216 | 254 | 262 | 308 | 364 | 556 | 839 | 1,083 | 1,263 | 1,492 | 2,294 | 2,604 |
| 86 | 206 | 211 | 258 | 214 | 139 | 81 | 45 | 7 | 10 | 49 | 5 | 6 | |
| 154 | 254 | 255 | 254 | 246 | 266 | 236 | 303 | 399 | 213 | 328 | 422 | 521 | |
| Total Liabilities | 434 | 691 | 735 | 788 | 783 | 799 | 902 | 1,215 | 1,519 | 1,516 | 1,898 | 2,751 | 3,159 |
| 121 | 225 | 297 | 293 | 280 | 267 | 242 | 238 | 229 | 217 | 203 | 276 | 270 | |
| CWIP | 66 | 65 | 1 | 5 | 1 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 2 |
| Investments | 12 | 15 | 38 | 38 | 36 | 36 | 70 | 343 | 628 | 6 | 795 | 824 | 839 |
| 235 | 386 | 399 | 452 | 466 | 496 | 590 | 635 | 662 | 1,292 | 900 | 1,651 | 2,047 | |
| Total Assets | 434 | 691 | 735 | 788 | 783 | 799 | 902 | 1,215 | 1,519 | 1,516 | 1,898 | 2,751 | 3,159 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 86 | 48 | 42 | -4 | 58 | 136 | 126 | 284 | 315 | -45 | 117 | 237 | |
| -82 | -121 | -47 | -22 | -4 | -11 | -11 | -280 | -276 | 696 | -761 | -105 | |
| -4 | 114 | -39 | 26 | -65 | -101 | -74 | -49 | -54 | -43 | 37 | -62 | |
| Net Cash Flow | -0 | 41 | -45 | 1 | -11 | 24 | 41 | -44 | -15 | 609 | -607 | 70 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 27 | 47 | 48 | 54 | 68 | 63 | 62 | 47 | 47 | 56 | 99 | 84 |
| Inventory Days | 90 | 146 | 118 | 137 | 109 | 92 | 109 | 93 | 85 | 95 | 151 | 214 |
| Days Payable | 118 | 194 | 83 | 74 | 77 | 81 | 40 | 55 | 80 | 26 | 80 | 63 |
| Cash Conversion Cycle | 0 | -1 | 83 | 117 | 99 | 74 | 130 | 85 | 52 | 125 | 170 | 236 |
| Working Capital Days | 36 | 42 | 39 | 49 | 49 | 44 | 59 | 49 | 38 | 87 | 122 | 132 |
| ROCE % | 39% | 18% | 16% | 7% | 17% | 21% | 43% | 49% | 33% | 20% | 20% | 55% |
Documents
Announcements
-
Outcome Of Meeting Of The Board - Other Matters
15 Feb - Company at its meeting held on 14th February, 2023 have inter-alia considered and approved the re-appointment of Mr. Vivek Kaul (DIN: 00345022), as an Independent …
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
15 Feb - Newspaper publication of Standalone & Consolidated Un-audited Financial Results for the quarter and nine months ended on 31st December, 2022.
- Un-Audited Financial Results For The Quarter And Nine Months Ended On 31 December, 2022 14 Feb
- Board Meeting Intimation for Quarterly Results 2 Feb
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
20 Jan - Newspaper advertisement as published on 20th January, 2023 in Business Standard (English Language) & Aajkaal (Bengali Language) in connection with Composite Scheme of Arrangement of …
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]