Maithan Alloys Ltd - Stock Valuation and Financial Performance

BSE: 590078 | NSE: MAITHANALL | Ferro & Silica Manganese | Small Cap

Maithan Alloys Share Price

980 6.50 0.67%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Maithan Alloys

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Maithan Alloys stock performance -

mw4me loader
P/E Ratio (SA):
9.17
Market Cap:
2,848.4 Cr.
52-wk low:
776.6
52-wk high:
1,334

Is Maithan Alloys Ltd an attractive stock to invest in?

1. Is Maithan Alloys Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Maithan Alloys Ltd is a good quality company.

2. Is Maithan Alloys Ltd undervalued or overvalued?

The key valuation ratios of Maithan Alloys Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Maithan Alloys Ltd a good buy now?

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

10 Year X-Ray of Maithan Alloys:

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.
Maithan Alloys Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 9.7%16.2%20.3%32%37.4%25.1%15.9%15.7%41.1%17%-
Value Creation
Index
-0.30.20.51.31.70.80.10.11.90.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 8168851,1511,3421,8791,9881,8311,6203,0582,9081,825
Sales YoY Gr.-8.4%30.1%16.6%40%5.8%-7.9%-11.5%88.8%-4.9%-
Adj EPS 917.727.263.4100.686.46576.8274.8146.5106.7
YoY Gr.-97.3%53.8%133.5%58.6%-14%-24.9%18.3%257.7%-46.7%-
BVPS (₹) 99.7115135.6203.5300.6384.7446.4525.9797.7938.11,005.5
Adj Net
Profit
26.151.479.1185293252189224800427311
Cash Flow from Ops. -6.88.4136123284315-45.4116128958-
Debt/CF from Ops. -5.8310.70.20-0.20.400-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 15.2%9.1%16.7%-4.9%
Adj EPS 36.4%7.8%31.2%-46.7%
BVPS28.3%25.6%28.1%17.6%
Share Price 41% 14.2% 21.7% 20.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
9.316.521.737.439.925.215.615.841.516.911
Op. Profit
Mgn %
5.4811.420.820.416.312.818.534.617.310.6
Net Profit
Mgn %
3.25.86.913.815.612.710.313.826.214.717
Debt to
Equity
0.10.10.40.10.100000-
Working Cap
Days
124126119125106109126172149156263
Cash Conv.
Cycle
6172596259497011596105237

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 16.67%

Net Profit is growing at healthy rate in last 3 years 31.16%

Return on Equity has declined versus last 3 years average to 11.00%

Sales growth is not so good in last 4 quarters at -42.13%

Latest Financials - Maithan Alloys Ltd.

Standalone Consolidated
TTM EPS (₹) 106.7 104.8
TTM Sales (₹ Cr.) 1,825 1,830
BVPS (₹.) 1,005.5 1,028.5
Reserves (₹ Cr.) 2,898 2,965
P/BV 0.97 0.95
PE 9.17 9.34
From the Market
52 Week Low / High (₹) 776.55 / 1333.95
All Time Low / High (₹) 16.92 / 1594.40
Market Cap (₹ Cr.) 2,848
Equity (₹ Cr.) 29.1
Face Value (₹) 10
Industry PE 9.7

Management X-Ray of Maithan Alloys:

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 Maithan Alloys

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
Sales8168851,1511,3421,8791,9881,8311,6203,0582,908
Operating Expenses 7778141,0191,0631,4971,6631,5961,3222,0042,404
Manufacturing Costs190190322309398410398363395475
Material Costs5425786136299661,1261,0678411,2581,600
Employee Cost 8101619262727263235
Other Costs 37366910610610010492318294
Operating Profit 39711322793823252352981,054503
Operating Profit Margin (%) 4.8%8.0%11.4%20.8%20.3%16.3%12.8%18.4%34.5%17.3%
Other Income 23481726662435181
Interest 661712886335
Depreciation 632325151616161515
Exceptional Items 000000000-102
Profit Before Tax 2964962503763272793021,070563
Tax 613176484725769262137
Profit After Tax 235279186292255222233808427
PAT Margin (%) 2.8%5.8%6.9%13.8%15.5%12.8%12.1%14.4%26.4%14.7%
Adjusted EPS (₹)7.917.727.263.8100.287.776.280.1277.5146.5
Dividend Payout Ratio (%)13%11%7%4%3%7%8%8%2%4%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 2903353955928751,1201,2991,5312,3222,731
Share Capital 15152929292929292929
Reserves 2763203665638461,0911,2701,5022,2932,702
Minority Interest0000000000
Debt3925993729774528
Long Term Debt008220440000
Short Term Debt3925171725374528
Trade Payables76861338114724675183178142
Others Liabilities 102105170223171152141146220147
Total Liabilities 5075517979341,2221,5261,5221,9052,7223,028

Fixed Assets

Gross Block129131413263274275276277249255
Accumulated Depreciation7275153254056698490104
Net Fixed Assets5755260238233219207193160151
CWIP 0100001002
Investments 128125478436364926815849938
Inventories143118151187248261277349608272
Trade Receivables103188199225244257281436762423
Cash Equivalents 26175490514363625941,077
Others Assets50478711183969487249165
Total Assets 5075517979341,2221,5261,5221,9052,7223,028

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -78136123284315-45116128958
PBT 2964962503763272793021,070563
Adjustment 9531314-4-36-9-4-42
Changes in Working Capital -40-5010-132-769-237-118-668574
Tax Paid -5-10-1-26-88-77-51-59-270-137
Cash Flow From Investing Activity 24-11-8-280-270697-7600-956
Capex -1-2-12-1-11-2-5-114-6
Net Investments 030-126-285-285682-769-12-950
Others 2211191617199-2-1
Cash Flow From Financing Activity 7-21-101-74-55-54-4337-62-13
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 15000000000
Interest Paid -5-3-13-10-4-6-4-1-1-2
Dividend Paid -3-3-140-9-11-420-17-17
Others 0-14-74-64-42-38338-437
Net Cash Flow 2-82541-50-9609-60766-11
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)8.216.4921.6737.6239.7625.5918.3416.4741.9216.88
ROCE (%)11.420.4525.1343.4448.1732.7423.4321.255.0522.43
Asset Turnover Ratio1.71.771.791.621.751.451.20.951.321.01
PAT to CFO Conversion(x)-0.30.151.720.660.971.24-0.20.50.162.24
Working Capital Days
Receivable Days46575855454654817274
Inventory Days57514144424754705755
Payable Days60516562436455565237

Maithan Alloys Ltd Stock News

Maithan Alloys Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Maithan Alloys on 28-Mar-2024 16:01 is ₹980.0.
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 28-Mar-2024 16:01 the market cap of Maithan Alloys stood at ₹2,848.4.
The latest P/E ratio of Maithan Alloys as of 28-Mar-2024 16:01 is 9.17.
The latest P/B ratio of Maithan Alloys as of 28-Mar-2024 16:01 is 0.97.
The 52-week high of Maithan Alloys is ₹1,334 and the 52-week low is ₹776.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Maithan Alloys is ₹1,825 ( Cr.) .

About Maithan Alloys Ltd

Maithan Alloys was established in 1997 with the objective of meeting the varied needs of Ferro-alloy users. The Maithan Alloy's product-quality is definitely superior and this fact is proven time and again by the overwhelming loyalty of the clients. The company has earned accolades for itself and enjoys an enormous trust from the clients. The company is based in Kolkata, India. Maithan Alloys specialises in ferro alloy and silicons. The company provides coal-based power projects.

Business areas of the company:

Maithan Alloys engages in the manufacture and trading of ferro alloys in India and internationally. It also involves in the generation and supply of wind power.

Group companies:

1. Maithan Ceramic limited

2. Maithan Steel & Power Limited

3. Maithan Alloys Limited

4. Maithan Smelters Limited

5. Anjaney Ferro Alloys limited.

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