Maithan Alloys Ltd

Maithan Alloys Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Maithan Alloys Ltd

₹ 975 4.30%
27 May 10:58 a.m.
maithanalloys.com BSE: 590078 NSE: MAITHANALL
About

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.[1]

Key Points

Leadership[1]
Company is one of the largest domestic producers of manganese-based ferroalloys and it holds more than 5% of the market share of the total domestic ferro alloy industry.

Website BSE NSE
  • Market Cap ₹ 2,838 Cr.
  • Current Price ₹ 975
  • High / Low ₹ 1,265 / 831
  • Stock P/E 6.56
  • Book Value ₹ 1,424
  • Dividend Yield 1.65 %
  • ROCE 14.8 %
  • ROE 11.0 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.66 times its book value
  • Debtor days have improved from 44.3 to 21.9 days.

Cons

  • The company has delivered a poor sales growth of 6.11% over past five years.
  • Earnings include an other income of Rs.412 Cr.
  • Dividend payout has been low at 7.94% of profits over last 3 years
  • Working capital days have increased from 252 days to 452 days

* 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 Ferrous Metals Ferro & Silica Manganese

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
535 404 444 448 433 375 464 531 435 632 491 490 559
445 363 411 413 427 354 415 502 359 567 459 435 453
Operating Profit 90 41 32 35 7 21 49 29 76 65 32 55 106
OPM % 17% 10% 7% 8% 2% 6% 11% 6% 18% 10% 7% 11% 19%
43 44 60 79 174 561 179 97 -116 649 -153 76 -159
Interest 1 0 0 0 1 2 5 6 8 12 14 4 14
Depreciation 5 5 5 5 5 5 6 6 6 6 6 6 6
Profit before tax 126 80 87 108 175 576 217 114 -54 696 -141 122 -72
Tax % 22% 25% 28% 21% 19% 21% 34% 21% 7% 23% -16% 24% -2%
98 60 62 85 142 456 143 90 -58 538 -119 93 -71
EPS in Rs 33.71 20.47 21.28 29.31 48.81 156.82 49.41 31.20 -20.96 184.17 -41.55 30.54 -24.20
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1,103 1,146 1,337 1,873 1,979 1,816 1,615 2,989 2,883 1,726 1,802 2,173
989 1,015 1,064 1,489 1,654 1,581 1,321 1,913 2,293 1,611 1,623 1,913
Operating Profit 114 132 273 384 325 235 294 1,075 589 116 179 259
OPM % 10% 11% 20% 21% 16% 13% 18% 36% 20% 7% 10% 12%
1 4 8 15 26 66 24 27 72 358 721 412
Interest 22 17 12 8 8 6 3 3 5 3 24 44
Depreciation 27 23 25 15 16 16 16 17 20 21 23 23
Profit before tax 66 96 244 376 327 279 299 1,082 637 450 852 604
Tax % 21% 18% 26% 22% 22% 20% 23% 24% 22% 22% 26% 27%
53 79 180 292 255 222 230 818 499 349 631 441
EPS in Rs 18.08 27.09 61.72 100.24 87.67 76.27 79.29 281.01 171.43 119.87 216.47 148.96
Dividend Payout % 6% 7% 4% 3% 7% 8% 8% 2% 4% 5% 7% 11%
Compounded Sales Growth
10 Years: 7%
5 Years: 6%
3 Years: -9%
TTM: 21%
Compounded Profit Growth
10 Years: 19%
5 Years: 15%
3 Years: -5%
TTM: -43%
Stock Price CAGR
10 Years: 14%
5 Years: 4%
3 Years: -2%
1 Year: -16%
Return on Equity
10 Years: 20%
5 Years: 19%
3 Years: 14%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 15 29 29 29 29 29 29 29 29 29 29 29
Reserves 308 364 556 839 1,083 1,263 1,492 2,294 2,775 3,113 3,717 4,117
214 139 81 45 7 10 49 5 20 30 588 237
246 266 236 303 399 213 328 422 316 296 514 510
Total Liabilities 783 799 902 1,215 1,519 1,516 1,898 2,751 3,140 3,468 4,849 4,894
280 267 242 238 229 217 203 276 267 253 312 304
CWIP 1 0 0 0 0 1 0 0 2 54 1 1
Investments 36 36 70 343 628 6 795 824 870 1,788 3,056 2,840
466 496 590 635 662 1,292 900 1,651 2,000 1,373 1,479 1,747
Total Assets 783 799 902 1,215 1,519 1,516 1,898 2,751 3,140 3,468 4,849 4,894

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
58 136 126 284 315 -45 117 237 968 -409 50 -10
-4 -11 -11 -280 -276 696 -761 -105 -962 369 -591 481
-65 -101 -74 -49 -54 -43 37 -62 -5 -9 522 -434
Net Cash Flow -11 24 41 -44 -15 609 -607 70 1 -49 -19 37
Free Cash Flow 48 125 122 273 308 -49 116 141 962 -465 20 -12
CFO/OP 59% 104% 56% 97% 121% 2% 60% 47% 188% -290% 59% 66%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 68 63 62 47 47 56 99 84 54 82 29 22
Inventory Days 109 92 109 93 85 95 151 214 81 141 393 428
Days Payable 77 81 40 55 80 26 80 63 40 35 48 30
Cash Conversion Cycle 99 74 130 85 52 125 170 236 94 188 374 420
Working Capital Days 32 39 55 44 37 85 112 131 63 206 97 452
ROCE % 17% 21% 42% 49% 33% 20% 20% 56% 26% 12% 28% 15%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Collection Period
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Installed Capacity
MTPA
Number of Permanent Employees
Count ・Standalone data
Inventory Holding Period
Days
Export contribution to Total Operating Income
%
Production Volume
MT
Sales Volume
MT
PBILDT per Tonne
INR/Tonne
Export Market Share (Bulk Ferro Alloys from India)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
74.98% 74.98% 74.98% 74.99% 74.99% 74.99% 74.99% 74.96% 74.96% 74.96% 74.96% 74.96%
1.82% 1.88% 2.14% 1.87% 1.80% 1.33% 1.32% 1.12% 1.39% 1.41% 1.24% 1.25%
0.56% 0.52% 0.44% 0.15% 0.41% 0.45% 0.31% 0.20% 0.17% 0.07% 0.06% 0.01%
22.62% 22.63% 22.42% 23.00% 22.80% 23.24% 23.39% 23.71% 23.48% 23.56% 23.74% 23.78%
No. of Shareholders 33,39832,41233,21036,47534,60038,17739,41841,06739,50139,69640,31940,534

* 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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Documents

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