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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

₹928.90 4.25 (0.46%)

As on 01-Oct'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

₹928.90 4.25 (0.46%)

As on 01-Oct'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹2,704 Cr.
Current Price
₹928.9
52-Week Low / High
₹832 / 1,210
TTM EPS
₹99.8
TTM Sales
₹2,080 Cr.
Book Value per Share
₹1,560.1
P/E Ratio
9.31
Higher than its 5-year historical median
Industry PE
13.3
Price to Book (P/B)
0.60
Lower than its 5-year historical median
Price to Sales (P/S)
1.30
Lower than its 5-year historical median
EV/EBITDA
6.09
Higher than its 5-year historical median
Dividend Yield
1.83%
Profitability Efficiency
Return on Equity (ROE)
11.17%
Outperforms industry median
Return on Capital Employed (ROCE)
14.92%
Outperforms industry median
Return on Assets (ROA)
9.05%
Operating Profit Margin
12.2%
Net Profit Margin
20.3%
Gross Profit Margin
28.9%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
19.94%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-30.11%
Asset Quality
Promoter Holding
74.96%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹4,513 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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Check Before You Invest

Valuation

Fair

Price Trend

Weak
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 6.05%, compared to the industry median CAGR of 5.34%, indicating faster growth and gaining 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 13.2% 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.
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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ43.4%48.2%32.7%23.4%21.2%55.1%22.4%15.5%23.6%14%-
Value Creation
Index ⓘ
2.12.41.30.70.52.90.60.10.7-0-

Growth Parameters ⓘ

Sales ⓘ1,3421,8791,9881,8311,6203,0582,9081,7231,8252,1892,150
Sales YoY Gr.-40%5.8%-7.9%-11.5%88.8%-4.9%-40.7%5.9%19.9%-
Adj EPS ⓘ63.4100.686.46576.8274.8146.598.1259.471.5101
YoY Gr.-58.6%-14%-24.9%18.2%257.8%-46.7%-33.1%164.5%-72.4%-
BVPS (₹) ⓘ203.5300.6384.7446.4525.9797.7938.11,054.71,289.81,426.21,561.5
Adj Net
Profit ⓘ
185293252189224800427286755208294
Cash Flow from Ops. ⓘ123284315-45.4116128958-4405246.9-
Debt/CF from Ops. ⓘ0.70.20-0.20.400-01.133.3-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ5.6%6.2%-9%19.9%
Adj EPS ⓘ1.3%-1.4%-21.3%-72.4%
BVPSⓘ24.2%22.1%15%10.6%
Share Price 13.2% -4.9% -2.5% -20.7%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ
37.439.925.215.615.841.516.99.822.15.36.8
Op. Profit
Mgn % ⓘ
20.820.416.312.818.534.617.36.89.28.59.3
Net Profit
Mgn % ⓘ
13.815.612.710.313.826.214.716.641.49.513.7
Debt to
Equity ⓘ
0.10.10000000.20.1-
Working Cap
Days ⓘ
125106109126172149156226259240286
Cash Conv.
Cycle ⓘ
6259497011696105126125111231

Valuation of Maithan Alloys - Consolidated

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

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

YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

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 (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales1,3421,8791,9881,8311,6202,9922,8851,7291,8062,173
Operating Expenses ⓘ + 1,0691,4971,6631,5961,3251,9222,2961,6131,8111,925
Manufacturing Costs273361391398363418591538454586
Material Costs6641,0041,1451,0678411,1511,3689031,0071,062
Employee Cost 19262727263338292847
Other Costs ⓘ 11210610010496321299142322230
Operating Profit ⓘ 2733823252352941,071589116-5248
Operating Profit Margin (%) 20.3%20.3%16.3%12.8%18.2%35.8%20.4%6.7%-0.3%11.4%
Other Income ⓘ + 81726662432175358905426
Exceptional Items ⓘ 000000-102000
Interest ⓘ 1288633532446
Depreciation ⓘ 25151616161720212323
Profit Before Tax ⓘ 2443763272792991,082637450852604
Tax ⓘ 6484725769264138101222163
Profit After Tax 180292255222230818499349631441
PAT Margin (%) 13.4%15.5%12.8%12.1%14.2%27.3%17.3%20.2%34.9%20.3%
Adjusted EPS (₹)61.7100.287.776.379.3281.0171.4119.9216.5149.0
Dividend Payout Ratio (%)4.10%3%6.80%7.90%7.60%2.10%3.50%5%7.40%11.40%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 5858681,1131,2921,5222,3232,8043,1423,7464,146
Share Capital ⓘ 29.1129.1129.1129.1129.1129.1129.1129.1129.1129.11
Reserves ⓘ 5568391,0831,2631,4922,2942,7753,1133,7174,117
Debt +3729774521627585235
Long Term Debt204400081394
Short Term Debt172537452814577231
Minority Interest1111-0111913
Trade Payables69147246751831971508813387
Others Liabilities ⓘ 210171153141148228168211375413
Total Liabilities ⓘ 9021,2151,5191,5161,8982,7513,1403,4684,8494,894

Fixed Assets

Net Fixed Assets ⓘ +242238229217203276267253312304
Gross Block270278286285287367378384466469
Accumulated Depreciation284057698491111131154164
CWIP ⓘ 00010035411
Investments ⓘ 7034362867958248701,7883,0562,840
Inventories1872482612773496763043501,0861,247
Trade Receivables225244257281436689423387143130
Cash Equivalents 915745639271021,1287859107
Others Assets ⓘ 8886999687183145559191264
Total Assets ⓘ 9021,2151,5191,5161,8982,7513,1403,4684,8494,894
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 126284315-45117237968-40950-10
PBT ⓘ 2443763272792991,082637450852604
Adjustment ⓘ 374-4-37-61-30-317-672-299
Changes in Working Capital ⓘ -129-769-237-118-577499-468-74-134
Tax Paid ⓘ -26-88-77-51-59-270-137-73-57-181
Cash Flow From Investing Activity ⓘ + -11-280-276696-761-105-962369-591481
Capex -4-11-7-5-1-95-6-53-29-2
Net Investments -126-286-286682-769-13-990362-625422
Others ⓘ 1191617199335596362
Cash Flow From Financing Activity ⓘ + -74-49-54-4337-62-5-9522-434
Net Proceeds from Shares ⓘ 0000000000
Net Proceeds from Borrowing ⓘ 0000000500
Interest Paid ⓘ -10-4-6-4-1-1-2-2-20-46
Dividend Paid ⓘ 0-9-11-420-17-17-17-26-38
Others ⓘ -64-36-38338-43155568-351
Net Cash Flow ⓘ 41-44-15609-607701-49-1937
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)36.7240.1725.7718.4616.3542.5519.4611.7418.3211.17
ROCE (%)42.7648.6332.9823.5821.1255.824.9415.1123.3814.92
Asset Turnover Ratio1.651.791.451.210.951.290.980.520.430.45
PAT to CFO Conversion(x)0.70.971.24-0.20.510.291.94-1.170.08-0.02
Working Capital Days
Receivable Days55.1045.3045.9053.6080.8068.6070.4085.6053.7023
Inventory Days43.904246.7053.6070.5062.506269145.10195.90
Payable Days55.6039.3062.705556.1060.3046.4048.104037.80

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Maithan Alloys Ltd FAQs

The current trading price of Maithan Alloys on 01-Oct-2026 16:59 is ₹928.9.

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 30-Sep-2026 the market cap of Maithan Alloys stood at ₹2,704.2 Cr

The latest P/E ratio of Maithan Alloys as of 30-Sep-2026 is 9.20.

The latest P/B ratio of Maithan Alloys as of 30-Sep-2026 is 0.59.

The 52-week high of Maithan Alloys is ₹1,210 and the 52-week low is ₹831.5.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Maithan Alloys is ₹2,150 ( 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 Fair zone.

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.

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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