Maithan Alloys Ltd

₹ 947 -2.21%
12 Aug - close price
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.(Source : 201903 Annual Report Page No: 88)

Key Points

Increasing Production Capacity over the years - The company’s production has grown by 16% CAGR since 2007. It has set up two additional plants in Meghalaya and Vishakhapatnam and started its export business. It successfully delivered its first bulk vessel of 6000 tonnes to Qatar recently.

  • Market Cap 2,756 Cr.
  • Current Price 947
  • High / Low 1,596 / 777
  • Stock P/E 2.77
  • Book Value 798
  • Dividend Yield 0.63 %
  • ROCE 55.6 %
  • ROE 42.6 %
  • Face Value 10.0
Ashfaqulla Khan
Ashfaqulla Khan
He actively fought against British Forces. He was arrested for his involvement in 'Kakori Train Robbery' and hanged in 1927.
Unsung Heroes →
Ligin Bomjen
Ligin Bomjen
In 1943, British had banned the salt trade. Ligin and his friends smuggled salt to their village. He also served as a porter in the second World War.
Unsung Heroes →

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 1.19 times its book value
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 35.6% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 27.0%

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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
486 470 469 406 266 409 446 499 566 666 923 837 1,020
417 417 415 352 224 338 376 389 425 445 529 526 665
Operating Profit 68 53 54 54 41 71 70 111 141 222 394 311 356
OPM % 14% 11% 12% 13% 16% 17% 16% 22% 25% 33% 43% 37% 35%
6 5 28 30 8 4 6 6 10 7 5 11 -71
Interest 1 1 1 0 0 0 0 1 0 0 0 0 0
Depreciation 4 4 4 4 4 4 4 4 4 4 4 5 5
Profit before tax 70 53 77 79 45 71 72 112 147 224 394 317 280
Tax % 25% 21% 17% 19% 22% 22% 22% 25% 24% 27% 24% 24% 22%
Net Profit 52 42 64 64 35 55 55 85 112 164 300 242 219
EPS in Rs 17.92 14.40 21.95 21.99 12.08 18.87 19.05 29.30 38.50 56.31 103.09 83.11 75.21

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 2,992 3,447
499 607 861 904 989 1,015 1,064 1,489 1,654 1,581 1,321 1,924 2,164
Operating Profit 106 66 86 53 114 132 273 384 325 235 294 1,068 1,283
OPM % 18% 10% 9% 6% 10% 11% 20% 21% 16% 13% 18% 36% 37%
7 7 5 3 1 4 8 15 26 66 24 32 -49
Interest 7 4 19 21 22 17 12 8 8 6 3 1 1
Depreciation 10 10 19 23 27 23 25 15 16 16 16 17 18
Profit before tax 96 60 54 12 66 96 244 376 327 279 299 1,082 1,215
Tax % 25% 25% 19% 9% 21% 18% 26% 22% 22% 20% 23% 24%
Net Profit 73 45 44 11 53 79 180 292 255 222 231 818 925
EPS in Rs 24.98 15.59 15.25 3.91 18.08 27.09 61.72 100.24 87.67 76.27 79.29 281.01 317.72
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: 80%
Compounded Profit Growth
10 Years: 34%
5 Years: 36%
3 Years: 48%
TTM: 224%
Stock Price CAGR
10 Years: 34%
5 Years: 14%
3 Years: 30%
1 Year: -11%
Return on Equity
10 Years: 27%
5 Years: 28%
3 Years: 27%
Last Year: 43%

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
15 15 15 15 15 29 29 29 29 29 29 29
Reserves 171 213 254 262 308 364 556 839 1,083 1,263 1,492 2,294
86 206 211 258 214 139 81 45 7 10 49 5
162 258 255 254 246 266 236 303 399 213 328 422
Total Liabilities 434 691 735 788 783 799 902 1,215 1,519 1,516 1,898 2,751
121 225 297 293 280 267 242 238 229 217 203 276
CWIP 66 65 1 5 1 0 0 0 0 1 0 0
Investments 12 15 38 38 36 36 70 343 628 6 795 824
235 386 399 452 466 496 590 635 662 1,292 900 1,651
Total Assets 434 691 735 788 783 799 902 1,215 1,519 1,516 1,898 2,751

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 87 122 231
ROCE % 41% 18% 16% 7% 17% 21% 43% 49% 33% 20% 20% 56%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
74.99 74.99 74.99 74.99 74.99 74.99 74.99 74.99 74.99 74.99 74.99 74.99
1.70 1.95 2.01 1.87 0.88 0.76 1.25 0.32 0.67 1.02 2.54 1.77
0.57 0.64 0.73 0.83 1.26 0.89 0.91 0.61 0.48 0.51 0.62 0.62
22.74 22.43 22.27 22.32 22.88 23.36 22.85 24.08 23.86 23.48 21.86 22.62

Documents

Concalls

Maninder Nath Banerjee
Maninder Nath Banerjee
He did a hunger strike at Fatehgarh jail for the better treatment of political prisoners. After a 66 days of hunger, he died on 20 June 1934 in the lap of a fellow prisoner Manmath Nath Gupt.
Unsung Heroes →
Pannalal Gupt
Pannalal Gupt
He participated in multiple movements including Quit India Movement and hunger strikes. He was an active volunteer. He arranged events, inspected the premises, hosted the guests and connected with various leaders.
Unsung Heroes →