Maan Aluminium Ltd
NSE: MAANALU BSE: 532906Metal
Incorporated in 2003, Maan Aluminium Ltd is in the business of manufacturing & trading of aluminium profiles, anodizing and fabrication of profiles, aluminium ingots, aluminium billets etc.[1]
₹136
52W: ₹97.2 — ₹186
PE 53.5 · Book ₹34.6 · +293% vs bookMarket Cap₹816 Cr
Stock P/E53.5Price to Earnings
ROCE12.1%Return on Capital
ROE10.5%Return on Equity
Div. Yield0%Face Value ₹5
Strengths
- +Company's median sales growth is 35.0% of last 10 years
Weaknesses
- −Though the company is reporting repeated profits, it is not paying out dividend
- −Promoter holding has decreased over last quarter: -3.05%
- −The company has delivered a poor sales growth of 9.10% over past five years.
- −Company might be capitalizing the interest cost
Shareholding Pattern
Promoters55.82%
FIIs0.01%
DIIs1.58%
Public42.59%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 58.87% | 58.87% | 58.87% | 58.87% | 58.87% | 58.87% | 58.87% | 55.82%▼3.0 |
| FIIs | 0.33% | 0.41%▲0.1 | 0.37%▼0.0 | 0.41%▲0.0 | 0.37%▼0.0 | 0.39%▲0.0 | 0.01%▼0.4 | 0.01% |
| DIIs | 0% | 0% | 0.54%▲0.5 | 0%▼0.5 | 0% | 0% | 1.43%▲1.4 | 1.58%▲0.2 |
| Public | 40.81% | 40.71%▼0.1 | 40.22%▼0.5 | 40.71%▲0.5 | 40.76%▲0.0 | 40.75%▼0.0 | 39.69%▼1.1 | 42.59%▲2.9 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 295.3 | 212.97 | 237.4 | 176.78 | 205.44 | 182.09 | 245.86 | 211.19 | 191.08 | 151.87 |
| Expenses | 284.24 | 202.11 | 228.13 | 171.82 | 197.83 | 177.27 | 238.16 | 206.25 | 183.12 | 146.32 |
| Operating Profit | 11.06 | 10.86 | 9.27 | 4.96 | 7.61 | 4.82 | 7.7 | 4.94 | 7.96 | 5.55 |
| OPM % | 3.75% | 5.1% | 3.9% | 2.81% | 3.7% | 2.65% | 3.13% | 2.34% | 4.17% | 3.65% |
| Net Profit | 7.88 | 7.44 | 7.28 | 3.39 | 5.13 | 3.05 | 3.94 | 2.73 | 5.77 | 2.83 |
| EPS ₹ | 1.46 | 1.38 | 1.35 | 0.63 | 0.95 | 0.56 | 0.73 | 0.5 | 1.07 | 0.52 |
AI Insights
Revenue Trend
TTM revenue at ₹800Cr, down 1.2% YoY. OPM at 3%.
Debt Position
Borrowings at ₹83Cr. Debt-to-equity ratio: 0.52x. Moderate leverage.
Institutional Flow
DIIs: 1.58% (+1.58pp change). FIIs: 0.01% (-0.66pp change). Promoters hold 55.82%.
Margin & Efficiency
ROCE improving from 8% (Mar 2014) to 12% (Mar 2025). Working capital days: 36.
Valuation
PE 53.5x with 12.1% ROCE. Price is 293% above book value of ₹34.6. Dividend yield: 0%.
Recent Announcements
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 30 Apr - Maan Aluminium says it is not a Large Corporate as on 31 March 2026.
- Reply To Clarification Sought 28 Apr - 28 Apr 2026 clarification on price movement; company states no undisclosed price-sensitive information.
- Clarification sought from Maan Aluminium Ltd 28 Apr - Exchange has sought clarification from Maan Aluminium Ltd on April 28, 2026, with reference to Movement in Volume.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 13 Apr - RTA confirmed dematerialization compliance for quarter ended 31 March 2026.
- Announcement under Regulation 30 (LODR)-Credit Rating 4 Apr - ICRA reaffirmed Maan Aluminium's BBB+ stable cash credit and A2 bill discounting ratings on ₹105 crore limits.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse