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Maithan Alloys Limited

Maithan Alloys Limited

MAITHANALL.NS
Maithan Alloys LimitedIN flagNational Stock Exchange of India
993.00
INR
-11.00
- -
28.91BMarket Cap
Maithan Alloys Limited
MAITHANALL.NS
(National Stock Exchange of India)

Recent

price

993.00

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
204.19
205.57
327.06
330.54
380.09
395.31
447.55
615.22
646.68
593.77
541.99
1,002.03
975.66
583.2
620.24
746.29
746.49
Revenue per Share
0.01
15.01
15.24
3.91
18.07
27.08
61.72
100.24
87.67
76.27
79.29
281.01
171.43
119.87
216.47
148.96
149
Basic EPS, GAAP
19.86
-24.76
-19.63
-9.39
16.39
42.66
41.41
93.76
105.55
-17.01
39.91
41.15
332.45
-140.42
17.1
-3.39
- -
Free Cash Flow per Basic Share
0.58
1.16
1.16
1.17
1.17
4.81
- -
3.01
3.62
14.47
- -
6
6
6
9
13.05
- -
Dividend per Share
7.89
5
86.6
87.8
99.37
127.18
188.89
286.16
370.21
431.99
511.39
786.44
923.45
1,037.52
1,245.06
10
10
Book Value per Share
74.44
86.59
91.82
94.84
110.56
138.95
201.15
298.27
382.31
443.88
522.43
792.49
957.88
1,073.88
1,284.21
1,422.74
1,423.13
Tangible Book Value per Share
29
29
29
29
29
29
29
29
29
29
29
29
29
29
29
29
29
Basic Weighted Avg Shares
5,944
5,984
9,521
9,623
11,065
11,508
13,029
17,910
18,826
17,286
15,778
29,171
28,403
16,978
18,056
21,726
21,726
Sales/Revenue/Turnover
0.04
9.52
6.88
3.21
8.05
9.41
19.18
19.51
14.64
10.73
17.28
35.49
20.08
5.65
8.49
10.86
10.86
Operating Margin (%)
103
95
185
228
269
233
253
154
156
158
156
169
202
208
233
232
232
Depreciation Expense
- -
437
444
114
526
788
1,797
2,918
2,552
2,220
2,308
8,181
4,991
3,490
6,302
4,336
4,336
Net Income, GAAP
- -
25.36
18.5
8.84
20.76
17.7
26.35
22.39
21.92
20.5
23.19
24.41
21.64
22.37
25.99
26.98
26.98
Effective Tax Rate (%)
0.01
7.3
4.66
1.18
4.76
6.85
13.79
16.29
13.56
12.84
14.63
28.04
17.57
20.55
34.9
19.96
19.96
Profit Margin (%)
1,115
1,251
1,382
1,292
1,590
2,000
3,533
6,199
8,691
10,649
13,119
19,956
24,899
27,792
25,191
27,972
27,972
Working Capital
858
1,660
1,668
1,543
1,213
854
197
37
36
36
35
34
33
32
31
60
60
LT Debt
2,197
2,563
2,716
2,805
3,261
4,074
5,857
8,684
11,131
12,928
15,213
23,238
28,052
31,429
37,552
41,585
41,585
Total Equity
- -
11.11
11.43
5.73
13.97
16.88
29.82
33.79
21.02
12.12
14.38
39.67
17.19
2.46
3.01
3.93
3.81
Return on Invested Capital (%)
- -
24.35
12.76
6
13.8
18.07
32.57
39.08
26.47
19.12
16.58
42.74
20.05
12.2
17.8
20.41
119.93
Return on Capital (%)
0.13
232.97
33.28
4.49
19.31
23.91
39.06
42.2
26.71
19.01
16.81
43.3
20.05
12.23
18.97
23.74
1,489.69
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
4,334
- -
2,312
LT Borrowings
88
- -
41
LT Finance Leases
19
- -
18
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
29
- -
29
Market Capitalization
31,999
29,690
24,247

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
35,946
- -
33,314
Cash, Cash Equivalents & STI
22,290
- -
18,454
Accounts Receivable, Net
2,394
- -
1,305
Inventories
10,657
- -
12,465
Total Current Liabilities
8,037
- -
5,342
Payables & Accruals
- -
- -
- -
ST Debt
4,334
- -
2,312
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
26.98%
23.15%
10.74%
Free Cash Flow
2.21%
67.37%
-119.81%
Net Income, GAAP
40.34%
46.94%
-31.19%
Sales/Revenue/Turnover
10.76%
13.74%
20.32%
Total Cash Common Dividend
- -
- -
45.04%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4,037
4,436
4,481
4,024
16,978
2025
3,751
4,642
5,311
4,352
18,056
2026
6,323
4,908
4,903
5,592
21,726

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
20.49
21.3
29.32
- -
119.87
2025
156.82
49.41
31.2
-20.96
216.47
2026
184.17
-41.55
30.55
-24.21
148.96

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
6
2025
- -
- -
- -
- -
9
2026
- -
- -
- -
- -
13.05
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Business
Maithan Alloys Limited manufactures and exports bulk ferro alloys, including ferro manganese, silico manganese, and ferro silicon; it also generates and supplies wind power and operates captive power plants. The company, founded in 1985 and headquartered in Kolkata, West Bengal, India, maintains manufacturing facilities in West Bengal, Meghalaya, and Andhra Pradesh through subsidiaries, with port proximity at Haldia, Vizag, and Gangavaram for efficient exports to over 35 countries and domestic supply to steel producers such as SAIL, JSW Steel, JSPL, and JSL across nearly half of India's states. Maithan Alloys holds more than 5% market share in India's domestic ferro alloy industry, focusing on high-value manganese alloys for automobile-grade steel and other sectors. In recent developments, the company advances a board-approved merger with subsidiary Impex Metal Ferro Alloys Limited, filed and awaiting National Company Law Tribunal approval as of 2025; resumes ferro alloy production at its subsidiary after a two-year hiatus; authorizes incorporation of an NBFC subsidiary; completes acquisitions including an 80% stake in Goldtree Impex Private Limited for portfolio diversification into metal, mining, and real estate in 2025, minority stakes in NBCC (India) Limited and State Bank of India totaling Rs 50.41 crore in October 2025, and prior stakes in Power Finance Corporation; sells Byrnihat assets for Rs 25.48 crore; and invests Rs 63.10 crore in LLP capital during the first half of fiscal 2026.