What the business is, and whether it's a good one at a fair price.
Manufactures aluminium extrusions and is pivoting from commodity extrusion into a high-value aluminium converter. Extrusion capacity was expanded from 10,000 MT to 24,000 MT, with utilisation currently at only 25%, and the ramp-up targets 18,000+ tons of manufacturing volume. The pivot is anchored by a Tata contract for 500 tons/month (~6,000 tons/yr) at a INR75/kg conversion charge against INR45/kg cost, with samples under trial. A Dewas precision tubing facility acquired in March 2025 for INR8.75 cr targets a higher-margin product with INR100/kg margin potential, though commercial start is delayed by 8-9 months due to a Korean supplier delay. Cumulative capex is planned at INR190+ cr over three years for anodizing, powder coating, machining, bending, tooling and infrastructure. The cost base is dominated by materials at 25.1% of revenue, with employee cost at 2.2% and other opex at 7.6%. In Q3 FY26, revenue of INR152 cr (-16% YoY) was hit by lower trading volumes, but EBITDA of INR7 cr (+16% YoY) improved on a better manufacturing mix; 9M FY26 manufacturing revenue rose 13% YoY. The board has also approved adding electricity and power generation to the object clause, building on an existing captive solar power plant, to allow entry into commercial power generation.
Measured from the filed financials, judged against its Aluminium peers · as of FY26 — not investment advice
How has the market priced it — with filings on the timeline?
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How does it stack up on valuation, returns and growth?
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Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Who owns it — and is the promoter stake clean?
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Answered from MAAN ALUMINIUM LIMITED's filed financials and exchange disclosures
MAAN ALUMINIUM LIMITED is a Non - Ferrous Metals company listed on NSE and BSE, trading under the symbol MAANALU.
Yes. Over the trailing twelve months MAAN ALUMINIUM LIMITED reported a net profit of ₹14 Cr on revenue of ₹829 Cr.
Not in the latest reported year — MAAN ALUMINIUM LIMITED's dividend payout for FY26 was nil.
No. Debt stands at 0.20× equity, and it carries net debt of ₹54 Cr. That is lower than 82% of its 12 Aluminium peers.
On trailing P/E, MAAN ALUMINIUM LIMITED ranks 14 of 15 in Aluminium — cheaper than 7% of them, against an industry median of 14.9×. This is a position, not a valuation judgement.
On a typical session MAAN ALUMINIUM LIMITED moves 1.53% — that is the median absolute close-to-close move across its last 268 trading days. Announcement days are routinely larger.
Every NSE and BSE filing by MAAN ALUMINIUM LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.
Figures are as last reported and may lag the latest filing. Not investment advice.
