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Maan Aluminium Ltd (MAANALU)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532906 NSE: MAANALU Aluminium & Aluminium Products | Small Cap | Maan Aluminium Share Price

₹126.65 1.30 (1.04%)

As on 09-Jun'26 16:59

Maan Aluminium Ltd (MAANALU)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532906 NSE: MAANALU Aluminium & Aluminium Products | Small Cap | Maan Aluminium Share Price

₹126.65 1.30 (1.04%)

As on 09-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹752 Cr.
Current Price
₹126.7
52-Week Low / High
₹99 / 186
TTM EPS
₹2.2
TTM Sales
₹809 Cr.
Book Value per Share
₹45.8
P/E Ratio
57.71
Higher than its 5-year historical median
Industry PE
12.4
Price to Book (P/B)
2.74
Lower than its 5-year historical median
Price to Sales (P/S)
0.93
Higher than its 5-year historical median
EV/EBITDA
25.08
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
9.08%
Outperforms industry median
Return on Capital Employed (ROCE)
10.76%
Outperforms industry median
Return on Assets (ROA)
5.91%
Operating Profit Margin
3.1%
Net Profit Margin
1.91%
Gross Profit Margin
3.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-14.99%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-43.74%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-52.64%
Asset Quality
Promoter Holding
55.82%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹245 Cr.
Equity
₹30 Cr.
Face Value
₹5
All Time Low / High
₹0.56 / 258.95

Maan Aluminium stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Overvalued

Price Trend

Weak
Q.1 Is Maan Aluminium Ltd a good quality company?
Maan Aluminium Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Maan Aluminium Ltd performance compare with that of its Peers?
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 0%, indicating faster growth and gaining its market share.
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 Stock return of Maan Aluminium Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 53.8% based on the current price.

10 Year X-Ray :

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

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 7.5%12.5%18.1%24.3%15.7%22%24.3%43%25.1%10.8%-
Value Creation
Index
-0.5-0.10.30.70.10.60.72.10.8-0.2-

Growth Parameters

Sales 190349447652524403572814953810809
Sales YoY Gr.-83.4%28.1%45.8%-19.6%-23.1%42.1%42.2%17.1%-15%-
Adj EPS 0.20.51.11.61.32.63.68.85.72.62.2
YoY Gr.-170%103.7%43.6%-20.9%108.8%36%147%-34.6%-55.2%-
BVPS (₹) 55.56.589.311.815.624.130.23345.8
Adj Net
Profit
1.12.95.98.56.814.119.247.43113.913
Cash Flow from Ops. -30.7-7.436.1-4.430.5-19.515.12933.50.2-
Debt/CF from Ops. -1.8-9.21.1-12.11-3.74.31.91471.5-

CAGR

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%
BVPS23.4%28.9%28.4%9.4%
Share Price 50.8% 35.7% 16.4% 2.4%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
410.318.221.714.424.825.944.221.28.15.5
Op. Profit
Mgn %
32.32.92.82.46.15.78.84.73.12.5
Net Profit
Mgn %
0.60.81.31.31.33.53.45.83.31.71.6
Debt to
Equity
2.12.31.11.20.61.10.80.40.20.50
Working Cap
Days
10377695153777465637842
Cash Conv.
Cycle
7566473342585648425524

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales190349447652524403572814953810
Operating Expenses + 185341434634512378539743908785
Manufacturing Costs891112151728342829
Material Costs170320407605478341473632835714
Employee Cost 466791011161517
Other Costs 36109111127613025
Operating Profit 581318122533714525
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 + 1555425585
Exceptional Items 0000000000
Interest 4666545543
Depreciation 1222233456
Profit Before Tax 15101492030674422
Tax 023525817116
Profit After Tax 136981522503316
PAT Margin (%) 0.3%0.9%1.4%1.4%1.4%3.7%3.8%6.1%3.4%1.9%
Adjusted EPS (₹)0.10.61.21.71.42.74.19.26.12.9
Dividend Payout Ratio (%)28%10.40%10.50%7.40%9%4.60%6.20%8.10%0%0%

Valuation of Maan Aluminium - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 27303543506484130163178
Share Capital 33777714142727
Reserves 24262937435771117136151
Debt +55684053307265553187
Long Term Debt33333331012
Short Term Debt52653750266961543174
Minority Interest0000000000
Trade Payables32321941411302120
Others Liabilities 566108101110915
Total Liabilities 9010611312692160171225225300

Fixed Assets

Net Fixed Assets +202123272937455154105
Gross Block352326323748596977133
Accumulated Depreciation1523581114182327
CWIP 0000000120
Investments 0000000156
Inventories16161011163337354058
Trade Receivables4359688238627311689104
Cash Equivalents 11322112210
Others Assets 989461714203525
Total Assets 9010611312692160171225225300

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -31-736-430-191529330
PBT 15101492030674422
Adjustment 45757781357
Changes in Working Capital -36-1723-1916-41-16-32-4-23
Tax Paid -0-1-3-5-3-4-6-18-11-6
Cash Flow From Investing Activity + -111-3-2-12-7-10-6-54
Capex -2-3-3-7-4-11-12-10-9-56
Net Investments 00000-00-1-4-1
Others 14442-14062
Cash Flow From Financing Activity + 326-356-2838-14-19-2754
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 30-0-0000-2-114
Interest Paid -4-6-6-6-5-4-5-5-4-3
Dividend Paid 0-1-1-1-1-1-1-400
Others 3312-2813-2342-8-8-2343
Net Cash Flow 1-02-1-06-6-0-0-0

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)2.2611.5419.7423.2916.1425.9129.6246.5622.339.08
ROCE (%)7.4812.4618.0824.3315.6621.9824.254325.0510.76
Asset Turnover Ratio2.563.664.135.494.953.243.54.144.313.14
PAT to CFO Conversion(x)-31-2.336-0.443.75-1.270.680.5810
Working Capital Days
Receivable Days55.805251.6041.9040.9045.1042.4041.9038.5043
Inventory Days30.6016.2010.205.70921.8021.901614.1021.80
Payable Days12.302.2015.4015.508.909.409.701211.3010.50

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Maan Aluminium Ltd FAQs

The current trading price of Maan Aluminium on 09-Jun-2026 16:59 is ₹126.7.

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 08-Jun-2026 the market cap of Maan Aluminium stood at ₹751.9 Cr

The latest P/E ratio of Maan Aluminium as of 08-Jun-2026 is 57.71.

The latest P/B ratio of Maan Aluminium as of 08-Jun-2026 is 2.74.

The 52-week high of Maan Aluminium is ₹186.4 and the 52-week low is ₹99.05.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Maan Aluminium is ₹809 ( Cr.) .

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

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

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

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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