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Maithan Alloys Ltd (MAITHANALL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 590078 NSE: MAITHANALL Ferro & Silica Manganese | Small Cap | Maithan Alloys Share Price

₹1,033.25 -15.25 (-1.45%)

As on 24-Jun'26 16:59

Maithan Alloys Ltd (MAITHANALL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 590078 NSE: MAITHANALL Ferro & Silica Manganese | Small Cap | Maithan Alloys Share Price

₹1,033.25 -15.25 (-1.45%)

As on 24-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹3,008 Cr.
Current Price
₹1,033.3
52-Week Low / High
₹832 / 1,265
TTM EPS
₹147.2
TTM Sales
₹2,251 Cr.
Book Value per Share
₹1,399.9
P/E Ratio
7.02
Higher than its 5-year historical median
Industry PE
15.9
Price to Book (P/B)
0.74
Lower than its 5-year historical median
Price to Sales (P/S)
1.34
Lower than its 5-year historical median
EV/EBITDA
5.15
Higher than its 5-year historical median
Dividend Yield
1.55%
Profitability Efficiency
Return on Equity (ROE)
18.96%
Outperforms industry median
Return on Capital Employed (ROCE)
24.05%
Outperforms industry median
Return on Assets (ROA)
15.86%
Operating Profit Margin
9.3%
Net Profit Margin
35.18%
Gross Profit Margin
48%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
5.61%
Operating Profit Growth (1 Year)
-
-113.25%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
82.39%
Asset Quality
Promoter Holding
74.96%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹4,046 Cr.
Equity
₹29.1 Cr.
Face Value
₹10
All Time Low / High
₹16.92 / 1594.40

Maithan Alloys stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Maithan Alloys Ltd a good quality company?
Maithan Alloys Ltd is a good quality company, based on a consistently good 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 Maithan Alloys Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Maithan Alloys Ltd vs industry peers?
Maithan Alloys Ltd revenue CAGR is -0.12%, compared to the industry median CAGR of 0.00%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Maithan Alloys Ltd?
Promoters hold 74.96% of the Maithan Alloys Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Maithan Alloys Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 13.3% based on the current price.

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)

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

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 25.1%43.4%48.2%32.7%23.4%21.2%55.1%22.4%15.5%24.1%-
Value Creation
Index
0.82.12.41.30.70.52.90.60.10.7-

Growth Parameters

Sales 1,1511,3421,8791,9881,8311,6203,0582,9081,7231,8202,251
Sales YoY Gr.-16.6%40%5.8%-7.9%-11.5%88.8%-4.9%-40.7%5.6%-
Adj EPS 27.263.4100.686.46576.8274.8146.598.1262.5147.2
YoY Gr.-133.5%58.6%-14%-24.9%18.2%257.8%-46.7%-33.1%167.7%-
BVPS (₹) 135.6203.5300.6384.7446.4525.9797.7938.11,054.71,265.81,399.9
Adj Net
Profit
79.1185293252189224800427286764428
Cash Flow from Ops. 136123284315-45.4116128958-440532-
Debt/CF from Ops. 10.70.20-0.20.400-01.1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 5.2%-0.1%-15.9%5.6%
Adj EPS 28.7%32.2%-1.5%167.7%
BVPS28.2%23.2%16.6%20%
Share Price 14.9% 0.4% 2.2% -15.9%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
21.737.439.925.215.615.841.516.99.822.611
Op. Profit
Mgn %
11.420.820.416.312.818.534.617.36.89.37.4
Net Profit
Mgn %
6.913.815.612.710.313.826.214.716.64219
Debt to
Equity
0.40.10.10000000.20
Working Cap
Days
119125106109126172149156226259281
Cash Conv.
Cycle
606259497011696105126125228

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales1,1511,3421,8791,9881,8311,6203,0582,9081,7231,820
Operating Expenses + 1,0191,0631,4971,6631,5961,3222,0042,4041,6131,834
Manufacturing Costs322273361391398363395475533407
Material Costs6136641,0041,1451,0678411,2581,6009051,081
Employee Cost 16192627272632352926
Other Costs 6910610610010492318294146320
Operating Profit 1322793823252352981,054503110-15
Operating Profit Margin (%) 11.4%20.8%20.3%16.3%12.8%18.4%34.5%17.3%6.4%-0.8%
Other Income + 481726662435181357911
Exceptional Items 0000000-10200
Interest 1712886335323
Depreciation 23251516161615151515
Profit Before Tax 962503763272793021,070563449858
Tax 17648472576926213798218
Profit After Tax 79186292255222233808427351640
PAT Margin (%) 6.9%13.8%15.5%12.8%12.1%14.4%26.4%14.7%20.4%35.2%
Adjusted EPS (₹)27.263.8100.287.776.280.1277.5146.5120.6219.9
Dividend Payout Ratio (%)7.40%3.90%3%6.80%7.90%7.50%2.20%4.10%5%7.30%

Valuation of Maithan Alloys - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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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 + 3955928751,1201,2991,5312,3222,7313,0703,685
Share Capital 29292929292929292929
Reserves 3665638461,0911,2701,5022,2932,7023,0413,655
Debt +99372977452814562
Long Term Debt822044000000
Short Term Debt17172537452814562
Minority Interest0000000000
Trade Payables133811472467518317814284112
Others Liabilities 170223171152141146220147190358
Total Liabilities 7979341,2221,5261,5221,9052,7223,0283,3584,716

Fixed Assets

Net Fixed Assets +260238233219207193160151145136
Gross Block413263274275276277249255263269
Accumulated Depreciation153254056698490104119133
CWIP 0000100210
Investments 4784363649268158499381,8693,221
Inventories151187248261277349608272340588
Trade Receivables199225244257281436762423388145
Cash Equivalents 5490514363625941,0776752
Others Assets 8711183969487249165550574
Total Assets 7979341,2221,5261,5221,9052,7223,0283,3584,716

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 136123284315-45116128958-440532
PBT 962503763272793021,070563449858
Adjustment 31314-4-36-9-4-42-316-687
Changes in Working Capital 10-132-769-237-118-668574-499416
Tax Paid -1-26-88-77-51-59-270-137-74-56
Cash Flow From Investing Activity + -11-8-280-270697-760-0-956416-1,056
Capex -12-1-11-2-5-114-7-7-5
Net Investments -3-126-285-285682-769-12-950333-629
Others 31191617199-2090-422
Cash Flow From Financing Activity + -101-74-55-54-4337-62-13-14505
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -13-10-4-6-4-1-1-2-2-19
Dividend Paid -140-9-11-420-17-17-17-26
Others -74-64-42-38338-4375550
Net Cash Flow 2541-50-9609-60766-11-37-19

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)21.6737.6239.7625.5918.3416.4741.9216.8812.118.96
ROCE (%)25.1343.4448.1732.7423.4321.2155.0522.4315.5224.05
Asset Turnover Ratio1.791.621.751.451.20.951.321.010.540.45
PAT to CFO Conversion(x)1.720.660.971.24-0.20.50.162.24-1.250.83
Working Capital Days
Receivable Days58.4055.1045.3045.9053.6080.8071.5074.4085.9053.50
Inventory Days40.6043.904246.7053.6070.5057.1055.3064.8093
Payable Days65.2058.9041.6062.705556.1052.4036.5045.6033.20

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

Maithan Alloys Ltd FAQs

The current trading price of Maithan Alloys on 24-Jun-2026 16:59 is ₹1,033.3.

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 23-Jun-2026 the market cap of Maithan Alloys stood at ₹3,008 Cr

The latest P/E ratio of Maithan Alloys as of 23-Jun-2026 is 7.02.

The latest P/B ratio of Maithan Alloys as of 23-Jun-2026 is 0.74.

The 52-week high of Maithan Alloys is ₹1,265 and the 52-week low is ₹831.5.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Maithan Alloys is ₹2,251 ( Cr.) .

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

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.

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

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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