Maan Aluminium Ltd - Stock Valuation and Financial Performance

BSE: 532906 | NSE: MAANALU | Aluminium & Aluminium Products | Small Cap

Maan Aluminium Share Price

141.35 -1.15 -0.81%
as on 19-Mar'24 13:57

DeciZen - make an informed investing decision on Maan Aluminium

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Maan Aluminium stock performance -

mw4me loader
P/E Ratio (SA):
19.30
Market Cap:
770.7 Cr.
52-wk low:
35.5
52-wk high:
175.5

Is Maan Aluminium Ltd an attractive stock to invest in?

1. Is Maan Aluminium Ltd a good quality company?

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

2. Is Maan Aluminium Ltd 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.

3. Is Maan Aluminium Ltd a good buy now?

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

10 Year X-Ray of Maan Aluminium:

Analysis of Financial Track Record

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Maan Aluminium Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 5.6%4.2%5.9%8%11.6%15.2%11.4%15.6%15.9%30.4%-
Value Creation
Index
-0.6-0.7-0.6-0.4-0.20.1-0.20.10.11.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 104111190349447652524403572814979
Sales YoY Gr.-6.5%72.2%83.4%28.1%45.8%-19.6%-23.1%42.1%42.2%-
Adj EPS 0.100.20.51.11.61.32.63.68.87.4
YoY Gr.--83.3%1900%170%103.7%43.6%-20.9%108.8%36%147%-
BVPS (₹) 54.955.56.589.311.815.624.128.8
Adj Net
Profit
0.301.12.95.98.56.814.119.247.440
Cash Flow from Ops. -1.33.2-30.7-7.436.1-4.430.5-19.515.129-
Debt/CF from Ops. -15.36.1-1.8-9.21.1-12.11-3.74.31.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 25.7%12.7%15.8%42.2%
Adj EPS 74%51.5%91.4%147%
BVPS19%29.8%37.5%54.4%
Share Price 58.2% 63.9% 99.3% 201.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
1.10.2410.318.221.714.424.825.944.227.9
Op. Profit
Mgn %
4.23.332.32.92.82.46.15.78.85.7
Net Profit
Mgn %
0.300.60.81.31.31.33.53.45.84.1
Debt to
Equity
0.70.72.12.31.11.20.61.10.80.4-
Working Cap
Days
1171231037769515377746526
Cash Conv.
Cycle
7774756647334258564813

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 15.79%

Net Profit is growing at healthy rate in last 3 years 91.44%

Debt to equity has declined versus last 3 years average to 0.42

Sales growth is good in last 4 quarters at 48.19%

Return on Equity has declined versus last 3 years average to 27.90%

Latest Financials - Maan Aluminium Ltd.

Standalone Consolidated
TTM EPS (₹) 7.4 0.1
TTM Sales (₹ Cr.) 979 42
BVPS (₹.) 28.8 0
Reserves (₹ Cr.) 129 23
P/BV 4.95 0.00
PE 19.30 0.00
From the Market
52 Week Low / High (₹) 35.52 / 175.50
All Time Low / High (₹) 0.56 / 175.50
Market Cap (₹ Cr.) 771
Equity (₹ Cr.) 27
Face Value (₹) 5
Industry PE 16.9

Management X-Ray of Maan Aluminium:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Maan Aluminium

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales104111190349447652524403572814
Operating Expenses 99107185341434634512378539743
Manufacturing Costs9889111215172834
Material Costs8393170320407605478341473632
Employee Cost 3346679101116
Other Costs 423610911112761
Operating Profit 4458131812253371
Operating Profit Margin (%) 4.2%3.3%2.7%2.3%2.9%2.8%2.4%6.1%5.7%8.8%
Other Income 1115554255
Interest 3346665455
Depreciation 2112222334
Exceptional Items 0000000000
Profit Before Tax 001510149203067
Tax 00023525817
Profit After Tax 0013698152250
PAT Margin (%) 0.4%0.3%0.3%0.9%1.4%1.4%1.4%3.7%3.8%6.1%
Adjusted EPS (₹)0.10.10.10.61.21.71.42.74.19.2
Dividend Payout Ratio (%)0%0%28%10%11%7%9%5%6%8%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 272727303543506484130
Share Capital 333377771414
Reserves 242324262937435771117
Minority Interest0000000000
Debt18205568405330726555
Long Term Debt0033333331
Short Term Debt18205265375026696154
Trade Payables8163232194141130
Others Liabilities 43566108101110
Total Liabilities 58659010611312692160171225

Fixed Assets

Gross Block32343523263237485969
Accumulated Depreciation1114152358111418
Net Fixed Assets21202021232729374551
CWIP 0000000001
Investments 0000000001
Inventories16171616101116333735
Trade Receivables121843596882386273116
Cash Equivalents 11113221122
Others Assets7998946171420
Total Assets 58659010611312692160171225

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -13-31-736-430-191529
PBT 001510149203067
Adjustment 54457577813
Changes in Working Capital -6-1-36-1723-1916-41-16-32
Tax Paid 000-1-3-5-3-4-6-18
Cash Flow From Investing Activity -1-1-111-3-2-12-7-10
Capex -2-1-2-3-3-7-4-11-12-10
Net Investments 000000000-1
Others 0014442-140
Cash Flow From Financing Activity 2-2326-356-2838-14-19
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -2-13000000-2
Interest Paid -3-3-4-6-6-6-5-4-5-5
Dividend Paid 000-1-1-1-1-1-1-4
Others 713312-2813-2342-8-8
Net Cash Flow 00102-106-60
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)1.541.052.2611.5419.7423.2916.1425.9129.6246.56
ROCE (%)7.796.757.4812.4618.0824.3315.6621.9824.2543
Asset Turnover Ratio1.91.932.563.664.135.494.953.243.54.14
PAT to CFO Conversion(x)-INFINF-31-2.336-0.443.75-1.270.680.58
Working Capital Days
Receivable Days46475652524241454242
Inventory Days505131161069222216
Payable Days24281221515991012

Maan Aluminium Ltd Stock News

Maan Aluminium Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Maan Aluminium on 19-Mar-2024 13:57 is ₹141.3.
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 19-Mar-2024 13:57 the market cap of Maan Aluminium stood at ₹770.7.
The latest P/E ratio of Maan Aluminium as of 19-Mar-2024 13:57 is 19.30.
The latest P/B ratio of Maan Aluminium as of 19-Mar-2024 13:57 is 4.95.
The 52-week high of Maan Aluminium is ₹175.5 and the 52-week low is ₹35.52.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Maan Aluminium is ₹978.5 ( 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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