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Maithan Alloys

₹1317.5 2.8 | 0.2%

Market Cap ₹3835 Cr.

Stock P/E 12.6

P/B 1.3

Current Price ₹1317.5

Book Value ₹ 1028.5

Face Value 10

52W High ₹1358

Dividend Yield 0.46%

52W Low ₹ 905.1

Maithan Alloys Research see more...

Overview Inc. Year: 1985Industry: Ferro & Silica Manganese

Maithan Alloys Ltd is a holding company. The Company is engaged in the business of manufacturing and exporting of all 3 bulk Ferro alloys, which includes Ferro Silicon, Ferro Manganese and Silico Manganese, and has a captive power plant. It operates via 2 segments: Ferro Alloys and Wind Mill. It is likewise engaged in the technology and delivery of wind power. Ferro manganese is alloy of manganese and iron, that is used in chrome steel and flat merchandise. Silico manganese is an alloy of manganese, silicon and iron, that's used in all steel merchandise, with higher quantities in 200 collection stainless steel, alloy metal and manganese metallic. Ferro silicon is an alloy of silicon and iron, which is utilized in special steels and in small portions in mid metallic. Its subsidiaries include Anjaney Minerals Ltd and AXL Exploration Pvt Ltd, which might be engaged in export, import, production, processing, sale, buy, distribution and working in metals and minerals.

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Maithan Alloys Share Price

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Maithan Alloys Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 666 923 837 1020 690 685 535 404 444 448
Other Income 7 5 11 20 50 51 43 44 60 79
Total Income 673 928 848 1040 740 736 577 448 503 527
Total Expenditure 445 529 526 665 584 639 445 363 411 413
Operating Profit 228 399 322 375 156 97 133 85 92 114
Interest 0 0 0 0 0 0 1 0 0 0
Depreciation 4 4 5 5 5 5 5 5 5 5
Exceptional Income / Expenses 0 0 0 -91 -11 0 0 0 0 0
Profit Before Tax 224 394 317 280 139 92 126 80 87 108
Provision for Tax 60 94 75 61 30 19 28 20 25 23
Profit After Tax 164 300 242 219 109 73 98 60 62 85
Adjustments 0 0 0 -0 0 0 0 -0 -0 0
Profit After Adjustments 164 300 242 219 109 73 98 60 62 85
Adjusted Earnings Per Share 56.3 103.1 83.1 75.2 37.5 25 33.7 20.5 21.3 29.3

Maithan Alloys Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 952 962 1107 1151 1342 1879 1988 1831 1620 2992 2885 1831
Other Income 6 3 5 4 8 17 26 66 24 32 175 226
Total Income 958 965 1111 1155 1351 1896 2014 1897 1644 3025 3060 2055
Total Expenditure 866 909 992 1019 1069 1497 1663 1596 1325 1922 2296 1632
Operating Profit 93 56 119 136 282 399 351 301 318 1103 764 424
Interest 19 21 22 17 12 8 8 6 3 3 5 1
Depreciation 19 23 27 23 25 15 16 16 16 17 20 20
Exceptional Income / Expenses -1 0 -4 0 0 0 0 0 0 0 -102 0
Profit Before Tax 54 12 66 96 244 376 327 279 299 1082 637 401
Provision for Tax 10 1 14 17 64 84 72 57 69 264 138 96
Profit After Tax 44 11 53 79 180 292 255 222 230 818 499 305
Adjustments 0 0 -0 0 0 0 0 0 1 0 0 0
Profit After Adjustments 44 11 53 79 180 292 255 222 231 818 499 305
Adjusted Earnings Per Share 15.2 3.9 18.1 27.1 61.7 100.2 87.7 76.3 79.3 281 171.4 104.8

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -4% 16% 9% 12%
Operating Profit CAGR -31% 36% 14% 23%
PAT CAGR -39% 31% 11% 27%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 41% 20% 19% 42%
ROE Average 19% 26% 25% 24%
ROCE Average 25% 34% 32% 28%

Maithan Alloys Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 269 277 323 393 585 868 1113 1292 1522 2323 2804
Minority's Interest 3 4 4 4 1 1 1 1 -0 1 1
Borrowings 167 154 121 82 20 4 4 0 0 0 8
Other Non-Current Liabilities 5 -1 2 19 28 28 31 37 39 33 33
Total Current Liabilities 292 353 333 301 268 315 371 186 338 394 293
Total Liabilities 735 787 783 799 902 1215 1519 1516 1898 2751 3140
Fixed Assets 297 293 280 267 242 238 229 217 203 276 267
Other Non-Current Assets 8 11 11 19 39 42 50 48 45 85 90
Total Current Assets 430 482 492 512 621 935 1240 1251 1650 2390 2780
Total Assets 735 787 783 799 902 1215 1519 1516 1898 2751 3140

Maithan Alloys Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 68 22 23 11 35 76 32 17 625 19 88
Cash Flow from Operating Activities 42 -4 58 136 126 284 315 -45 117 237 968
Cash Flow from Investing Activities -47 -22 -4 -11 -11 -280 -276 696 -761 -105 -962
Cash Flow from Financing Activities -39 26 -65 -101 -74 -49 -54 -43 37 -62 -5
Net Cash Inflow / Outflow -45 1 -11 24 41 -44 -15 609 -607 70 1
Closing Cash & Cash Equivalent 24 23 11 35 76 32 17 625 19 88 90

Maithan Alloys Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 15.24 3.91 18.07 27.08 61.72 100.24 87.67 76.27 79.3 281.02 171.44
CEPS(Rs) 21.48 11.71 27.33 35.06 70.39 105.54 93.04 81.7 84.39 286.83 178.36
DPS(Rs) 2 2 4 2 2.5 3 6 6 6 6 6
Book NAV/Share(Rs) 92.31 95.12 110.78 135.02 201 298.1 382.18 443.91 522.71 798.03 963.33
Core EBITDA Margin(%) 8.63 5.28 9.84 10.88 19.45 20.21 16.33 12.82 18.17 35.77 20.41
EBIT Margin(%) 7.26 3.32 7.59 9.29 18.25 20.3 16.86 15.57 18.68 36.28 22.24
Pre Tax Margin(%) 5.39 1.23 5.73 7.92 17.37 19.88 16.44 15.25 18.49 36.17 22.07
PAT Margin (%) 4.39 1.12 4.54 6.52 12.79 15.43 12.84 12.13 14.2 27.34 17.3
Cash Profit Margin (%) 6.24 3.39 6.87 8.45 14.6 16.25 13.62 12.99 15.17 27.9 18
ROA(%) 6.21 1.49 6.71 9.96 21.12 27.57 18.67 14.63 13.48 35.19 16.94
ROE(%) 17.73 4.14 17.56 22.02 36.72 40.17 25.78 18.47 16.35 42.55 19.46
ROCE(%) 15.88 6.59 16.43 21.01 42.76 48.62 32.98 23.58 21.12 55.8 24.94
Receivable days 36.77 48.13 54.42 60.87 55.11 45.26 45.94 53.55 80.77 68.62 70.35
Inventory Days 61.66 69.68 60.12 49.29 43.89 41.96 46.74 53.61 70.47 62.49 61.98
Payable days 109.36 78.57 73.09 76.66 58.68 40.86 63.77 54.96 56.07 60.34 46.38
PER(x) 2.56 8.23 5.59 4.3 6.82 7.82 5.76 4.59 6.79 4.72 4.63
Price/Book(x) 0.42 0.34 0.91 0.86 2.09 2.63 1.32 0.79 1.03 1.66 0.82
Dividend Yield(%) 2.57 3.1 1.98 1.72 0.59 0.38 1.19 1.71 1.11 0.45 0.76
EV/Net Sales(x) 0.3 0.33 0.43 0.37 0.91 1.21 0.72 0.21 0.98 1.26 0.42
EV/Core EBITDA(x) 3.12 5.59 4.04 3.13 4.32 5.68 4.08 1.29 4.98 3.41 1.57
Net Sales Growth(%) 59.1 1.06 14.99 4 16.62 40 5.8 -7.9 -11.53 84.74 -3.59
EBIT Growth(%) 10.09 -54.11 163.33 27.64 128.25 49.8 -12.69 -14.91 6.14 258.73 -40.91
PAT Growth(%) -1.18 -74.31 365.46 49.71 127.97 62.47 -12.54 -13.01 3.61 255.62 -39
EPS Growth(%) -2.17 -74.33 361.81 49.85 127.9 62.4 -12.54 -13 3.97 254.38 -38.99
Debt/Equity(x) 0.79 0.93 0.66 0.35 0.14 0.05 0.01 0.01 0.03 0 0.01
Current Ratio(x) 1.47 1.37 1.48 1.7 2.32 2.97 3.34 6.72 4.88 6.07 9.48
Quick Ratio(x) 0.86 0.78 0.95 1.2 1.62 2.18 2.64 5.23 3.85 4.35 8.44
Interest Cover(x) 3.88 1.59 4.08 6.79 20.75 49.07 40.77 48.41 94.87 315.61 134.22
Total Debt/Mcap(x) 1.86 2.75 0.73 0.41 0.07 0.02 0 0.01 0.03 0 0.01

Maithan Alloys Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 74.99 74.99 74.99 74.99 74.99 74.99 74.99 74.99 74.99 74.99
FII 1.02 2.54 1.77 1.68 1.54 1.52 1.83 1.88 2.14 1.87
DII 0.52 0.62 0.62 0.59 0.59 0.55 0.56 0.52 0.44 0.15
Public 23.48 21.86 22.62 22.75 22.89 22.95 22.63 22.62 22.43 23
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 26%
  • Debtor days have improved from 60.34 to 46.38days.
  • Company is almost debt free.

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Maithan Alloys News

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