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    Aluminum
Maan Aluminium Limited

Maan Aluminium Limited

MAANALU.BO
Maan Aluminium LimitedIN flagBombay Stock Exchange
123.10
INR
+0.15
- -
7.37BMarket Cap
Maan Aluminium Limited
MAANALU.BO
(Bombay Stock Exchange)

Recent

price

123.10

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
23.92
21.46
17.11
19.19
20.43
35.19
64.37
82.39
120.17
96.54
74.03
105.14
597.3
176.21
149.92
145.85
146
Revenue per Share
0.16
0.07
0.07
0.08
0.05
0.11
0.6
1.19
1.7
1.4
2.74
4.06
36.96
6.06
2.87
2.35
2.35
Basic EPS, GAAP
-0.01
-0.42
-0.45
-0.53
0.32
-6.02
-1.88
6.04
-2.05
4.77
-5.69
0.58
13.83
4.61
-10.29
-1.2
- -
Free Cash Flow per Basic Share
0.07
0.07
- -
- -
- -
- -
0.11
0.15
0.15
0.15
0.12
0.25
3
- -
- -
- -
- -
Dividend per Share
1.58
1.65
1.73
1.8
1.86
1.97
2.44
4.11
5.61
6.87
9.42
14.43
91.66
30.15
5
5.41
5.41
Book Value per Share
4.79
4.88
4.95
5.03
4.9
5.02
5.47
6.51
7.99
9.24
11.84
15.6
96.35
30.15
32.96
49.43
49.48
Tangible Book Value per Share
54
54
54
54
54
54
54
54
54
54
54
54
14
54
54
55
55
Basic Weighted Avg Shares
1,294
1,160
925
1,038
1,105
1,903
3,482
4,456
6,499
5,221
4,004
5,686
8,076
9,530
8,102
8,087
8,087
Sales/Revenue/Turnover
1.76
1.36
2.56
2.72
2
2.29
2.37
3.1
2.5
2.47
5.47
5.17
8.28
4.19
2.42
1.56
1.56
Operating Margin (%)
14
15
18
22
14
14
16
17
21
25
32
35
45
47
55
75
75
Depreciation Expense
8
4
4
4
3
6
33
64
92
76
148
220
500
328
155
130
130
Net Income, GAAP
43.41
29.02
40.58
- -
34.17
36.6
36.07
34.31
36.3
17.47
25.55
26.12
25.45
25.52
28.36
26.55
26.57
Effective Tax Rate (%)
0.65
0.35
0.43
0.4
0.25
0.32
0.94
1.44
1.41
1.45
3.7
3.87
6.19
3.44
1.91
1.61
1.61
Profit Margin (%)
151
113
78
74
78
109
132
179
218
252
318
443
813
902
865
1,490
1,490
Working Capital
- -
28
16
- -
- -
30
31
30
33
37
38
37
16
9
128
100
100
LT Debt
259
264
268
272
265
271
297
353
434
501
641
844
1,303
1,631
1,784
2,748
2,748
Total Equity
4.1
3.32
3.76
- -
3.17
4.29
5.83
10.38
11.94
12.02
14.94
14.97
29.48
15.67
6.1
3.11
3.11
Return on Invested Capital (%)
5.99
2.45
1.99
- -
5.93
5.31
9.28
13.77
17.77
14.45
17.99
18.46
32.87
18.89
11.4
16.82
9.61
Return on Capital (%)
10.08
4.6
4.34
4.37
2.85
5.84
27.4
36.21
34.9
22.38
33.59
34.08
49.49
22.82
16.32
45.7
12.5
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
716
- -
448
LT Borrowings
105
- -
93
LT Finance Leases
7
- -
8
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
54
- -
60
Market Capitalization
5,991
8,739
6,666

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
1,928
- -
2,222
Cash, Cash Equivalents & STI
87
- -
522
Accounts Receivable, Net
1,028
- -
907
Inventories
645
- -
668
Total Current Liabilities
1,021
- -
732
Payables & Accruals
- -
- -
- -
ST Debt
716
- -
448
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
26.93%
34.94%
53.97%
Free Cash Flow
-117.14%
1.12%
-88.04%
Net Income, GAAP
73.09%
14.56%
-15.99%
Sales/Revenue/Turnover
20.07%
17.38%
-0.18%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,074
2,953
2,130
2,334
9,530
2025
1,768
2,054
1,821
2,459
8,102
2026
2,112
1,911
1,519
2,546
8,087

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.88
1.46
1.38
- -
6.06
2025
0.63
0.95
0.56
0.73
2.87
2026
0.5
1.07
0.52
0.29
2.35

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Maan Aluminium Limited manufactures and trades aluminum extruded profiles, ingots, billets, rods, and related products in India. The company offers aluminum extrusions in various alloys and custom shapes; anodizing and fabrication services for value-added products; trading of aluminum billets, ingots, wire rods, and non-ferrous scrap; and supplies to industries including construction, automobile, solar, hardware, defense, railway, electrical, mechanical, and medical. It operates manufacturing facilities in Pithampur, Madhya Pradesh, with in-house anodizing and fabrication capabilities, and serves as exclusive distributor for Hindalco aluminum billets, ingots, and wire rods in North and South India excluding Hyderabad; it sources raw materials from suppliers such as Vedanta Aluminium, National Aluminium Company, and Hindalco, supplemented by imports. Founded in 1989 and headquartered in New Delhi, the company exports globally with One Star Export House status and holds an installed capacity of 10,000 MTPA. In recent developments, Maan Aluminium acquired a building and leasehold land in Devas, Madhya Pradesh, for INR 8.75 crore in March 2025 to expand aluminum extrusion capacity; purchased property in Pithampur for INR 7.21 crore in December 2024 to enhance manufacturing; received zero anti-dumping duty for U.S. aluminum extrusion exports; and approved a private placement of 5.9 million equity shares at INR 141 each in November 2025 for gross proceeds of INR 831.9 million.