MarketFriction

Maan Aluminium Ltd

NSE MAANALU · BSE 532906 · Aluminium
₹99.34 -0.83%
NSE close2026-10-01
52 week range99.01 - 184.74
Market cap₹601 Cr.
P/E44.9
Price band 20% Delivery 51.8%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales295.30212.97237.40176.78205.44182.09245.86211.19191.08151.87254.57231.86
Expenses284.24202.11228.13171.82197.83177.27238.16206.25183.12146.32252.93226.49
Operating Profit11.0610.869.274.967.614.827.704.947.965.551.645.37
OPM %3.75%5.10%3.90%2.81%3.70%2.65%3.13%2.34%4.17%3.65%0.64%2.32%
Other Income1.551.522.501.391.101.471.371.993.351.613.561.71
Interest0.811.190.800.620.540.961.131.451.691.470.770.78
Depreciation1.161.181.221.271.251.281.721.821.851.891.921.98
Profit before tax10.6410.019.754.466.924.056.223.667.773.802.514.32
Tax %25.94%25.67%25.33%23.99%25.87%24.69%36.66%25.41%25.74%25.53%32.27%28.24%
Net Profit7.887.447.283.395.133.053.942.735.772.831.703.10
EPS in Rs1.461.381.350.630.950.560.730.501.070.520.280.52
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales190349447652524403572814953810809829
Expenses185341434634512378539743908782789809
Operating Profit5813181224337145282021
OPM %2.7%2.3%2.9%2.8%2.4%6%6%9%4.7%3.5%2.5%2.5%
Other Income15554255821010
Interest466654554355
Depreciation122223345678
Profit before tax151014920306744221818
Tax %35%36%34%36%17%26%26%25%26%28%27%
Net Profit1369815225033161313
EPS in Rs0.110.601.191.701.402.744.079.256.062.872.172.39
Dividend Payout %28%10%11%7%9%6%6%8%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth16%15%0%-2%
Compounded Profit Growth36%-3%-36%-10%
Stock Price CAGR38%27%6%-7%
Return on Equity19%19%12%6%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital33377771414272730
Reserves2324262937435771117136151245
Borrowings205568405331736656339055
Other Liabilities1988382911232138293134
Total Liabilities659010611312692160171225225300363
Fixed Assets20202123272937455154105107
CWIP0000000012016
Investments000000001469
Other Assets456984919863123126173165188231
Total Assets659010611312692160171225225300363
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity3-31-736-430-19152933018
Cash from Investing Activity-1-111-3-2-12-7-10-6-54-60
Cash from Financing Activity-2326-356-2838-14-19-275442
Net Cash Flow-01-02-1-06-6-0-0-00
Free Cash Flow2-32-1033-1126-3141925-56-7
CFO/OP92%-597%-77%304%4%264%-61%64%66%101%21%111%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days598262564627574652344741
Inventory Days6735189612352920173034
Days Payable6263291231591791011
Cash Conversion Cycle6411177364136776655426764
Working Capital Days241913121116192735333646
ROCE %7%7%12%18%24%16%22%24%43%25%12%8%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters60.71%60.71%58.87%58.87%58.87%58.87%58.87%58.87%58.87%58.87%55.82%55.82%
FIIs0.18%0.15%0.27%0.33%0.41%0.37%0.41%0.37%0.39%0.01%0.01%0.00%
DIIs0.00%0.00%0.00%0.00%0.00%0.54%0.00%0.00%0.00%1.43%1.58%1.71%
Public39.08%39.13%40.86%40.81%40.71%40.22%40.71%40.76%40.75%39.69%42.59%42.46%
No. of Shareholders27,18726,61827,84228,72828,23933,57533,51632,35331,10930,67129,62630,389

Fundamentals

Market Cap₹ 601 Cr.
Current Price₹ 101
Stock P/E44.9
Book Value₹ 45.8
ROCE7.74 %
ROE5.75 %
Dividend Yield0.00 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)-2%
Compounded Profit Growth (TTM)-10%
Standalone figures.
Valuation
Market capRs 596 Cr
Enterprise valueRs 612 Cr
P/E (TTM)44.47x
Price to book2.17x
Price to sales0.72x
EV / EBITDA19.91x
EV / EBIT26.49x
EV / sales0.74x
Price to cash flow33.27x
Earnings yield2.25%
P/E, 3-year average34.96x
P/B, 3-year average3.16x
P/E, 5-year average21.63x
P/B, 5-year average2.10x
Profitability
Operating margin (excl. other income)2.49%
Operating margin (incl. other income)3.78%
EBITDA margin3.71%
Pre-tax margin2.22%
Net profit margin1.62%
Net margin, latest quarter1.34%
ROE5.75%
ROCE7.73%
ROA3.93%
ROE, 3-year average12.39%
ROCE, 3-year average14.47%
ROA, 3-year average8.13%
ROE, 5-year average22.67%
ROCE, 5-year average22.06%
ROA, 5-year average12.57%
ROIC (approx.)5.83%
Tax rate26.61%
Other income / net worth3.81%
Growth
Sales growth (latest year)-0.18%
Profit growth (latest year)-16.05%
Sales CAGR, 3 years-0.21%
Sales CAGR, 5 years14.95%
Profit CAGR, 3 years-36.13%
Profit CAGR, 5 years-2.53%
Sales growth QoQ-8.92%
Profit growth QoQ82.35%
Sales growth YoY (latest quarter)9.79%
Profit growth YoY (latest quarter)13.55%
Per share
EPS (TTM)Rs 2.23
EPS (latest year)Rs 2.17
EPS (latest quarter)Rs 0.52
EPS, 3-year averageRs 3.70
EPS, 5-year averageRs 12.86
Book value per shareRs 45.80
Sales per shareRs 138.26
Cash flow per shareRs 2.99
Free cash flow per shareRs -1.17
Dividend per share, 5-year averageRs 2.00
Dividends
Dividend payout, 5-year average7.13%
Efficiency
Asset turnover2.23x
Fixed asset turnover7.54x
Inventory turnover11.14x
Inventory days33 days
Debtor days41 days
Debtors turnover8.91x
Creditor days11 days
Cash conversion cycle64 days
Working capital days46 days
Leverage
Total debtRs 55 Cr
Cash and bankRs 38 Cr
Net debtRs 16 Cr
Debt to equity0.20x
Net debt / EBITDA0.53x
Interest coverage4.91x
Owners' fund to total sources75.66%
Debt to assets15.09%
Cash flow
Cash from Operating Activity (latest year)Rs 18 Cr
Cash from Investing Activity (latest year)Rs -60 Cr
Cash from Financing Activity (latest year)Rs 42 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -7 Cr
FCFE (approx.: FCF + change in debt)Rs -42 Cr
Cash from ops / profit, 5 years0.71x
Sales to cash flow45.15x
Statement figures
Net sales (TTM)Rs 829 Cr
Net sales (latest year)Rs 809 Cr
Sales (latest quarter)Rs 232 Cr
Operating profit excl. other income (latest year)Rs 20 Cr
Operating profit (latest quarter)Rs 5 Cr
Other income (TTM)Rs 10 Cr
EBITDA (TTM)Rs 31 Cr
PBDT (TTM)Rs 26 Cr
Profit before tax (TTM)Rs 18 Cr
Tax (latest year)Rs 5 Cr
Net profit (TTM)Rs 13 Cr
Net profit (latest year)Rs 13 Cr
Net profit (latest quarter)Rs 3 Cr
Depreciation (TTM)Rs 8 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 5 Cr
Cost of goods sold (latest year)Rs 745 Cr
Total expenditure (latest year)Rs 789 Cr
Total income (latest year)Rs 819 Cr
Share capitalRs 30 Cr
ReservesRs 245 Cr
Shareholders' fundsRs 275 Cr
Total assetsRs 363 Cr
Net blockRs 107 Cr
Capital work in progressRs 16 Cr
InvestmentsRs 9 Cr
ReceivablesRs 91 Cr
InventoryRs 67 Cr
Other liabilitiesRs 34 Cr
Shares outstanding (crore)6.00
Ownership
Promoter holding55.82% (-3.05 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 44.5 is at the 86th percentile of its own 9.4-year range (median 15.3, low 2.3, high 63.6).
P/B 2.17 is at the 27th percentile (median 2.98).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodMAANALUNifty 50Difference
1 week-3.2%-2.8% -0.4 pts
1 month-16.8%-6.8% -10.0 pts
3 months-22.0%-7.6% -14.4 pts
6 months-17.8%+0.4% -18.2 pts
1 year-8.8%-9.9% +1.1 pts
2 years-30.3%-13.6% -16.8 pts
3 years+16.0%+14.2% +1.8 pts
5 years+207.9%+27.9% +180.0 pts

Red flags

F-score 4 of 8
lookShare dilution Share count up 11% in a year, 11% in three
lookProfit leans on other income Other income was 59% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹232 Cr +9.8% vs Jun 2025. Net profit ₹3 Cr +13.6%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-19Annual General Meeting
2023-07-27Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 5/- Per Share0.5000
2023-07-27Bonus 1:10.5000
2023-07-12Annual General Meeting
2023-02-16Interim Dividend - Re 1 Per Share
2022-11-18Interim Dividend - Re 1 Per Share
2022-08-12Interim Dividend - Re 1 Per Share
2022-07-21Annual General Meeting
2022-02-18Interim Dividend - Re 1 Per Share
2021-08-02 Bonus 1: 10.5000
2021-07-15 Annual General Meeting
2020-11-19 Interim Dividend - Re 1 Per Share
2020-09-21 Annual General Meeting
2020-02-18 Interim Dividend - Re 1 Per Share
2019-09-19 Annual General Meeting
2018-11-20 Interim Dividend - Re 1 Per Share
2018-08-02 Annual General Meeting
2018-04-05 Interim Dividend - Re 1 Per Share (Purpose Revised)
2017-07-10 Bonus 1:10.5000
2017-06-16 Annual General Meeting
2016-11-21 Interim Dividend Re 1/- Per Share (Purpose Revised)
2016-06-23 Annual General Meeting/ Dividend - Re 0.50/- Per Share
2015-09-21 Annual General Meeting
2014-09-22Annual General Meeting
2013-09-19Annual General Meeting
2012-09-17Annual General Meeting
2011-09-19Annual General Meeting And Dividend Re.1/- Per Share
2010-09-17Annual General Meeting And Dividend Re.1/- Per Share
2009-09-14Annual General Meeting
2008-09-18Agm/Dividend - 10%
DateTypeWhat it says
2026-09-29Shareholder meetingVoting results.
2026-09-28Shareholder meetingProceedings of Annual General Meeting held on September 28, 2026
2026-09-05Shareholder meetingNotice of Annual General Meeting to be held on September 28, 2026
2026-09-03General UpdatesAnnual General Meeting
2026-09-02Clarification - Financial ReThe Exchange has sought clarification from Maan Aluminium Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing...
2026-08-19Concall / analyst meetTranscript
2026-08-14Utilisation of FundsUtilisation of Funds
2026-08-13Investor PresentationInvestor Presentation
2026-08-13Board meeting outcomeMaan Aluminium Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-10Concall / analyst meetSchedule of meet
2026-07-27Shareholder meetingWith copy of minutes of Postal Ballot
2026-06-29Shareholder meetingProceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
2026-06-09Disclosure under SEBI TakeovMaan Aluminium Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substa...
2026-06-04Concall / analyst meetTranscript
2026-06-02Concall / analyst meetPresentation
2026-06-02Concall / analyst meetLink of Recording
2026-06-01Investor PresentationInvestor Presentation
2026-05-30Shareholder meetingNotice of Postal Ballot
2026-05-30Utilisation of FundsUtilisation of Funds
2026-05-29Board meeting outcomeMaan Aluminium Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-29Board meeting outcomeMaan Aluminium Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-26Concall / analyst meetSchedule of meet
2026-05-20General UpdatesPurchase/acquition of premises
2026-04-27Volume querySignificant increase in volume has been observed in Maan Aluminium Limited. The Exchange, in order to ensure that investors have latest relevant infor...
2026-04-27Volume querySignificant increase in volume has been observed in Maan Aluminium Limited. The Exchange, in order to ensure that investors have latest relevant infor...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-03-25NCLATMaan Aluminium Ltd VS Nitya Electrocontrols Pvt Ltd
2021-03-01NCLATMaan Aluminium Ltd VS Nitya Electrocontrols Pvt Ltd
2021-01-21NCLATMaan Aluminium Ltd VS Nitya Electrocontrols Pvt Ltd
2021-01-08NCLATMaan Aluminium Ltd VS Nitya Electrocontrols Pvt Ltd
2020-12-15NCLATMaan Aluminium Ltd VS Nitya Electrocontrols Pvt Ltd
2020-09-30NCLATMaan Aluminium Ltd VS Nitya Electrocontrols Pvt Ltd
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Maan Aluminium Ltd?

Maan Aluminium Ltd (MAANALU) has a market capitalisation of Rs 601 Cr. at the 2026-10-01 close.

What is the P/E ratio of Maan Aluminium Ltd?

Maan Aluminium Ltd trades at a P/E of 44.9 on trailing twelve-month profit, at the 2026-10-01 close.

What were Maan Aluminium Ltd's latest quarterly results?

In the Jun 2026 quarter, Maan Aluminium Ltd sales was Rs 232 Cr (+9.8% vs Jun 2025) and net profit was Rs 3 Cr.

What is the 52-week high and low of Maan Aluminium Ltd?

The 52-week high is Rs 184.74 and the 52-week low is Rs 99.01.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03