Is Maan Aluminium Ltd (MAANALU) a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Maan Aluminium Ltd is a average quality company .

Is Maan Aluminium Ltd (MAANALU) undervalued or overvalued?

The key valuation ratios of Maan Aluminium Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Maan Aluminium Ltd (MAANALU) share price return in the past 10 years?

Maan Aluminium Ltd share price has appreciated 53.8% annually (CAGR) over the past ten years.

Is Maan Aluminium Ltd (MAANALU) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Maan Aluminium Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

What is the share price of Maan Aluminium Ltd (MAANALU)?

Company share prices are keep on changing according to the market conditions. The current trading price of Maan Aluminium Ltd (MAANALU) on 30-Apr-2026 16:59:59 at 16:59 is 150.75.

What is the P/E ratio of Maan Aluminium?

The latest standalone P/E ratio of Maan Aluminium as of 30-Apr-2026 is 59.22.

What is the P/B ratio of Maan Aluminium Ltd (MAANALU)?

The latest standalone P/B ratio of Maan Aluminium Ltd (MAANALU) as of 30-Apr-2026 is 3.31.

What is the 52-week high and low of Maan Aluminium Ltd (MAANALU)?

The 52-week high of Maan Aluminium Ltd (MAANALU) is Rs. 186.40 and the 52-week low is Rs. 82.00.

Maan Aluminium Ltd (MAANALU) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Maan Aluminium Ltd (MAANALU)
Brand: Maan Aluminium

Maan Aluminium Ltd (MAANALU) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Maan Aluminium Ltd (MAANALU)

BSE: 532906 NSE: MAANALU

Key Metrics

Market Cap

₹904 Cr.

P/E Ratio

59.22

Price to Book (P/B)

3.31

Price to Sales (P/S)

1.13

EV/EBITDA

28.60

Return on Capital Employed (ROCE)

10.76%

Current Price

₹150.8

Return on Equity (ROE)

9.08%

Return on Assets (ROA)

5.91%

Operating Profit Margin

3.1%

Net Profit Margin

1.91%

Gross Profit Margin

3.3%

Book Value per Share

₹45.5

Sales Growth (YoY)

-14.99%

Sales Growth (3 Years)

12.28%

Operating Profit Growth (1 Year)

-43.74%

Operating Profit Growth (3 Years)

-8.59%

Net Profit Growth (1 Year)

-52.64%

52-Week Low / High

₹82 / 186

Net Profit Growth (3 Years)

-10.98%

Dividend Yield

0.00%

Promoter Holding

55.82%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Stock return of Maan Aluminium Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 54.6% based on the current price.

Q.1 Revenue growth of Maan Aluminium Ltd?

Maan Aluminium Ltd revenue growth is -15% for FY-2025, which is below its 5-year CAGR of 9.1%, indicating slower growth.

Q.1 Which industry/sub-sector does Maan Aluminium Ltd belong to?

Maan Aluminium Ltd belongs to the Metals & Mining sector, operating specifically within the Aluminium & Aluminium Products segment.

Q.1 Promoter shareholding and pledge status of Maan Aluminium Ltd?

Promoters hold 55.82% of the Maan Aluminium Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Maan Aluminium Ltd vs industry peers?

Maan Aluminium Ltd revenue CAGR is 9.10%, compared to the industry median CAGR of 12.01%, indicating stable growth and maintaining its market share.

DeciZen - make an informed investing decision on Maan Aluminium

Based on:

Data

Overall Rating ⓘ
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1. Quality

2. Valuation ⓘ

3. Price Trend

Maan Aluminium stock performance

Key Ratios

Is Maan Aluminium Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	7.5%	12.5%	18.1%	24.3%	15.7%	22%	24.3%	43%	25.1%	10.8%	-
Value Creation Index ⓘ	-0.5	-0.1	0.3	0.7	0.1	0.6	0.7	2.1	0.8	-0.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	190	349	447	652	524	403	572	814	953	810	800
Sales YoY Gr.	-	83.4%	28.1%	45.8%	-19.6%	-23.1%	42.1%	42.2%	17.1%	-15%	-
Adj EPS ⓘ	0.2	0.5	1.1	1.6	1.3	2.6	3.6	8.8	5.7	2.6	2.6
YoY Gr.	-	170%	103.7%	43.6%	-20.9%	108.8%	36%	147%	-34.6%	-55.2%	-
BVPS (₹) ⓘ	5	5.5	6.5	8	9.3	11.8	15.6	24.1	30.2	33	45.5
Adj Net Profit ⓘ	1.1	2.9	5.9	8.5	6.8	14.1	19.2	47.4	31	13.9	15
Cash Flow from Ops. ⓘ	-30.7	-7.4	36.1	-4.4	30.5	-19.5	15.1	29	33.5	0.2	-
Debt/CF from Ops. ⓘ	-1.8	-9.2	1.1	-12.1	1	-3.7	4.3	1.9	1	471.5	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	17.5%	9.1%	12.3%	-15%
Adj EPS ⓘ	32.8%	15.5%	-10.2%	-55.2%
BVPSⓘ	23.4%	28.9%	28.4%	9.4%
Share Price	53.8%	44.9%	49.1%	78.5%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	4	10.3	18.2	21.7	14.4	24.8	25.9	44.2	21.2	8.1	6.5
Op. Profit Mgn % ⓘ	3	2.3	2.9	2.8	2.4	6.1	5.7	8.8	4.7	3.1	3.3
Net Profit Mgn % ⓘ	0.6	0.8	1.3	1.3	1.3	3.5	3.4	5.8	3.3	1.7	1.9
Debt to Equity ⓘ	2.1	2.3	1.1	1.2	0.6	1.1	0.8	0.4	0.2	0.5	-
Working Cap Days ⓘ	103	77	69	51	53	77	74	65	63	78	40
Cash Conv. Cycle ⓘ	75	66	47	33	42	58	56	48	42	55	19

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	2.6	0.1
TTM Sales (₹ Cr.)	800	42
BVPS (₹) ⓘ	45.5	0
Reserves (₹ Cr.) ⓘ	243	103
P/BV ⓘ	3.31	0.00
PE ⓘ	59.22	1183.70

From the Market
52 Week Low / High (₹)	82.00 / 186.40
All Time Low / High (₹)	0.56 / 258.95
Market Cap (₹ Cr.)	904
Equity (₹ Cr.)	30
Face Value (₹)	5
Industry PE ⓘ	13.2

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Maan Aluminium - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	190	349	447	652	524	403	572	814	953	810
Operating Expenses ⓘ +	185	341	434	634	512	378	539	743	908	785
Manufacturing Costs	8	9	11	12	15	17	28	34	28	29
Material Costs	170	320	407	605	478	341	473	632	835	714
Employee Cost	4	6	6	7	9	10	11	16	15	17
Other Costs ⓘ	3	6	10	9	11	11	27	61	30	25
Operating Profit ⓘ	5	8	13	18	12	25	33	71	45	25
Operating Profit Margin (%)	2.7%	2.3%	2.9%	2.8%	2.4%	6.1%	5.7%	8.8%	4.7%	3.1%
Other Income ⓘ +	1	5	5	5	4	2	5	5	8	5
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Interest ⓘ	4	6	6	6	5	4	5	5	4	3
Depreciation ⓘ	1	2	2	2	2	3	3	4	5	6
Profit Before Tax ⓘ	1	5	10	14	9	20	30	67	44	22
Tax ⓘ	0	2	3	5	2	5	8	17	11	6
Profit After Tax	1	3	6	9	8	15	22	50	33	16
PAT Margin (%)	0.3%	0.9%	1.4%	1.4%	1.4%	3.7%	3.8%	6.1%	3.4%	1.9%
Adjusted EPS (₹)	0.1	0.6	1.2	1.7	1.4	2.7	4.1	9.2	6.1	2.9
Dividend Payout Ratio (%)	28%	10.40%	10.50%	7.40%	9%	4.60%	6.20%	8.10%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	27	30	35	43	50	64	84	130	163	178
Share Capital ⓘ	3	3	7	7	7	7	14	14	27	27
Reserves ⓘ	24	26	29	37	43	57	71	117	136	151
Debt +	55	68	40	53	30	72	65	55	31	87
Long Term Debt	3	3	3	3	3	3	3	1	0	12
Short Term Debt	52	65	37	50	26	69	61	54	31	74
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	3	2	32	19	4	14	11	30	21	20
Others Liabilities ⓘ	5	6	6	10	8	10	11	10	9	15
Total Liabilities ⓘ	90	106	113	126	92	160	171	225	225	300
Fixed Assets
Net Fixed Assets ⓘ +	20	21	23	27	29	37	45	51	54	105
Gross Block	35	23	26	32	37	48	59	69	77	133
Accumulated Depreciation	15	2	3	5	8	11	14	18	23	27
CWIP ⓘ	0	0	0	0	0	0	0	1	2	0
Investments ⓘ	0	0	0	0	0	0	0	1	5	6
Inventories	16	16	10	11	16	33	37	35	40	58
Trade Receivables	43	59	68	82	38	62	73	116	89	104
Cash Equivalents	1	1	3	2	2	11	2	2	1	0
Others Assets ⓘ	9	8	9	4	6	17	14	20	35	25
Total Assets ⓘ	90	106	113	126	92	160	171	225	225	300

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	-31	-7	36	-4	30	-19	15	29	33	0
PBT ⓘ	1	5	10	14	9	20	30	67	44	22
Adjustment ⓘ	4	5	7	5	7	7	8	13	5	7
Changes in Working Capital ⓘ	-36	-17	23	-19	16	-41	-16	-32	-4	-23
Tax Paid ⓘ	-0	-1	-3	-5	-3	-4	-6	-18	-11	-6
Cash Flow From Investing Activity ⓘ +	-1	1	1	-3	-2	-12	-7	-10	-6	-54
Capex	-2	-3	-3	-7	-4	-11	-12	-10	-9	-56
Net Investments	0	0	0	0	0	-0	0	-1	-4	-1
Others ⓘ	1	4	4	4	2	-1	4	0	6	2
Cash Flow From Financing Activity ⓘ +	32	6	-35	6	-28	38	-14	-19	-27	54
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	3	0	-0	-0	0	0	0	-2	-1	14
Interest Paid ⓘ	-4	-6	-6	-6	-5	-4	-5	-5	-4	-3
Dividend Paid ⓘ	0	-1	-1	-1	-1	-1	-1	-4	0	0
Others ⓘ	33	12	-28	13	-23	42	-8	-8	-23	43
Net Cash Flow ⓘ	1	-0	2	-1	-0	6	-6	-0	-0	-0

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	2.26	11.54	19.74	23.29	16.14	25.91	29.62	46.56	22.33	9.08
ROCE (%)	7.48	12.46	18.08	24.33	15.66	21.98	24.25	43	25.05	10.76
Asset Turnover Ratio	2.56	3.66	4.13	5.49	4.95	3.24	3.5	4.14	4.31	3.14
PAT to CFO Conversion(x)	-31	-2.33	6	-0.44	3.75	-1.27	0.68	0.58	1	0
Working Capital Days
Receivable Days	55.80	52	51.60	41.90	40.90	45.10	42.40	41.90	38.50	43
Inventory Days	30.60	16.20	10.20	5.70	9	21.80	21.90	16	14.10	21.80
Payable Days	12.30	2.20	15.40	15.50	8.90	9.40	9.70	12	11.30	10.50

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Announcements

Maan Aluminium Ltd FAQs

The current trading price of Maan Aluminium on 30-Apr-2026 16:59 is ₹150.8.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 29-Apr-2026 the market cap of Maan Aluminium stood at ₹904.3 Cr

The latest P/E ratio of Maan Aluminium as of 29-Apr-2026 is 59.22.

The latest P/B ratio of Maan Aluminium as of 29-Apr-2026 is 3.31.

The 52-week high of Maan Aluminium is ₹186.4 and the 52-week low is ₹82.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Maan Aluminium is ₹800 ( Cr.) .

About Maan Aluminium Ltd

Man Aluminum,incorporated in 1988 is a secondary producer of Aluminum in India. The company is a part of The Man Group and is demerged from Man (India) Industries Limited with effect from March 24, 2007.

It was incorporated with a project to manufacture Aluminium Extrusions. In a record time of 11 months the company commenced commercial production & today has the distinction of being India's largest manufacturer & exporter of Aluminium Extruded Products, comprising 50% of the country's exports.

Man (India) Industries is a leading manufacturer and exporter of large diameter Carbon Steel Line Pipes for various high pressure transmission applications for Gas, Crude Oil, Petrochemical Products and Potable Water. With operations in India, US, Europe, UAE and South East Asia, Man (India) Industries a listed company on Indian bourses continues to seek improvement in its business, having set benchmarks to grades as standards in Aluminum and SAW Pipe manufacturing.

Products manufactured by the company includes:

The Company offers a range of aluminum extrusions for electric control panels in various sizes and shapes used in electric devices and switchgears in various specifications. It also manufactures aluminum fences that are used in malls and other buildings.

The products of the company are used in :

Automobiles
Automation
AirConditioning
Architectural
Building & Construction
Carpet Profiles
Curtain Wall
Doors
Electrical
Electronics
Heavy Engineering
Hinge / Handle
HeatSinks
Irrigation
Ladder Profiles
Lighting
Luggage
Road Transport
Scaffolding
Shutter
Syntex
Textiles
Ventilation
Windows

Achievements/ recognition:

It is an ISO 9001/14001/18001 accredited company.

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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Maan Aluminium Ltd (MAANALU) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Maan Aluminium Share Price