Companies›Commodities›Metals & Mining›Ferrous Metals
NSE:MAITHANALL

MAITHAN ALLOYS LTD

Metals & Mining › Ferrous Metals
₹789.55
at close · 28 Oct 2026
▼ 3.65 (-0.46%)

Latest filings

Next results: Thu, 5 Nov · Financial Results
  1. Board to review September 2026 quarterly and half-year results · Results
  2. Maithan Alloys buys 0.04% stake in Sterlite Technologies · Strategic Transactions
  3. Maithan Alloys acquires 0.05 percent stake in Sterlite Technologies for Rs 20 Cr · Strategic Transactions
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Makes ferro alloys — including ferro manganese and silica manganese — at three manufacturing plants located in West Bengal, Meghalaya, and Andhra Pradesh, and is classified in the Ferro & Silica Manganese industry. All of segment revenue for the year ended 31 March 2026 came from Ferro Alloys at Rs 2,251.41 crore (100% of segment revenue), with a Real Estate segment reported but contributing no revenue. Materials account for the largest share of costs at 49.4% of revenue, followed by other operating expenses at 34.9% and employee costs at 4.3%. Standalone FY26 net sales of Rs 2,251.41 crore translated into consolidated revenue of Rs 2,172.59 crore and consolidated net profit of Rs 440.94 crore. The company has divested the capital assets of its Byrnihat unit and merged its wholly owned subsidiary Impex Metal & Ferro Alloys into itself, with NCLT Kolkata sanctioning the merger effective 30 June 2026. The Board approved an interim dividend of Rs 11 per share and recommended a final dividend of Rs 5 per share for FY26, on a face value of Rs 10.

Revenue mix · reported segments
Ferro Alloys100.0%
Real Estate0.0%
Operating scale
Manufacturing units
3 plants (West Bengal, Meghalaya, Andhra Pradesh)FY26
Q4 FY26 standalone net sales
Rs 577.07 crQ4 FY26
Q4 FY25 standalone net sales
Rs 518.54 crQ4 FY25
Q4 FY26 standalone EPS
Rs 30.24Q4 FY26
FY26 standalone EPS
Rs 147.16FY26
Byrnihat unit
Capital assets divestedFY26
Who pays it
Steelmakers and alloy-consuming industries that use ferro manganese and silica manganese in steelmaking
Biggest cost
Raw materials at 49.4% of revenue
Kind of business
Cyclical, single-product ferro alloys manufacturer
Where it sits
Single-segment producer in the Ferro & Silica Manganese industry under Metals & Mining
Market Cap
₹2,298 Cr
P / E (TTM)
7.9×
EV / EBITDA
5.3×
Div Yield
1.65%
Growth
6.0%▲
Revenue 5y CAGR
PAT +13.9% · EBITDA +16.2%
Quality
21.8%▲
ROCE (5y median)
ROE 16.8% (5y median) · margin 30.9%
Leverage
0.06·
Debt / Equity · low
Net debt ₹176 Cr
Revenue FY21→FY26
1.3×▲
Margin +6.1 pts
₹1,620 Cr → ₹2,173 Cr
Cash conversion
0.30×▼
Operating cash ÷ profit · 5 yrs
₹833 Cr on ₹2,738 Cr
Moves on a normal day
1.30%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 7 Ferro & Silica Manganese peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#2/6
P/B#2/7
ROCE#2/8
ROE#2/7
Debt / Equity#3/7
EBITDA margin#1/6
Revenue growth#5/7
Profit growth#5/7

Scorecard

Measured from the filed financials, judged against its Ferro & Silica Manganese peers · as of FY26 — not investment advice

Strengths
Profit compounding 14% a year over 5 years
Returns on capital 21.8% (5-year median)
#2 of 8 in Ferro & Silica Manganese on the latest reported figures · down from 19.3% in FY21
Debt at 0.06× equity
lower than 67% of its 7 Ferro & Silica Manganese peers
Concerns
Erratic profits — up in only 2 of the last 5 years
Over 5 years it reported ₹2,738 Cr of profit and ₹833 Cr of operating cash — 0.30×
Less than 60p of every ₹1 of profit arrived as cash
Heavy working capital — 217 days of cash tied up

Charts

How has the market priced it — with filings on the timeline?

MAITHANALL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from MAITHAN ALLOYS LTD's filed financials and exchange disclosures

What does MAITHAN ALLOYS LTD do?

MAITHAN ALLOYS LTD is a Ferrous Metals company listed on NSE and BSE, trading under the symbol MAITHANALL.

Is MAITHAN ALLOYS LTD profitable?

Yes. Over the trailing twelve months MAITHAN ALLOYS LTD reported a net profit of ₹299 Cr on revenue of ₹2,080 Cr.

Does MAITHAN ALLOYS LTD pay a dividend?

Yes. The dividend yield is 1.65% at the current price. It paid out 9% of its profit as dividend in FY26.

Is MAITHAN ALLOYS LTD debt-free?

No. It reported borrowings of ₹235 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹176 Cr after cash. Debt stands at 0.06× equity. That is lower than 67% of its 7 Ferro & Silica Manganese peers.

Is MAITHAN ALLOYS LTD expensive compared with its peers?

On trailing P/E, MAITHAN ALLOYS LTD ranks 2 of 6 in Ferro & Silica Manganese — cheaper than 80% of them, against an industry median of 10.8×. This is a position, not a valuation judgement.

How much does the MAITHAN ALLOYS LTD share price move in a day?

On a typical session MAITHAN ALLOYS LTD moves 1.30% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are MAITHAN ALLOYS LTD's next results?

Financial Results on Thu, 5 Nov. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track MAITHAN ALLOYS LTD's announcements?

Every NSE and BSE filing by MAITHAN ALLOYS LTD 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.