India's largest manganese ore producer, mining and selling manganese ore used primarily in steel-making. Three reporting segments: Mining products (92.6% of segment revenue in FY26), manufactured products (6.1%) and power (1.4%). The mining business drove EBIT of ₹217.575 cr, manufactured products ₹16.948 cr and power ₹10.2727 cr in FY26. The manufactured products stream includes Electrolytic Manganese Dioxide (EMD) and EMD flakes used in dry-cell batteries, while the power segment generates electricity largely for captive use at the mines. FY25 production was 1.8 MT and sales were 1.6 MT; the FY27 production target is retained at 25 lakh tons. Five shaft sinking projects worth ~₹664 cr are under execution at Dongri Buzurg, Kandri and Chikla, and the company is shifting from manual cut-and-fill mining to mechanised long-hole open stoping to lift productivity. Costs are dominated by employees (37.7% of revenue) and other opex (37.1%); depreciation is 11.5% and materials only 1.3%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Mining products (93%), Manufactured products (6%), Power (1%). Cyclical, asset-heavy manganese mining with exposure to global steel demand and LME-linked ore prices
| ₹ crore · consolidated | FY20 |
|---|---|
| Revenue | 1,038 |
| EBITDA (ex other income) | 256 |
| margin % | 24.6 |
| Owners' profit | 248 |
| EPS, as reported (₹) | 9.80 |
| ROE % · ROCE % | 9.0 · 12.2 |
| Debt / equity (x) | 0.00 |
| Cash from operations | — |
| Capex | — |
| ₹ crore | Q2 FY20 | Q3 FY20 | Q4 FY20 | Q1 FY21 | Q2 FY21 | Q3 FY21 |
|---|---|---|---|---|---|---|
| Revenue | 253 | 256 | 249 | 152 | 307 | 268 |
| Profit before tax | 104 | 74 | 22 | 2 | 9 | 70 |
| Net profit | 89 | 55 | 13 | 2 | 7 | 51 |
| EPS (₹) | 3.44 | 2.15 | 0.56 | 0.08 | 0.31 | 2.17 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Mining Products | 232 | 29.6 |
| Manufactured products | 22 | 2.8 |
| Power | 15 | 1.9 |
| Manufactured Products | 27 | 3.4 |
| Mining products | 488 | 62.3 |
| Total, before eliminations | 784 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| LLOYDS METALS N ENERGY L | 1,01,435 | 20.4 | 7.11 | 18.9 | 26.8 | 17.7 | 132.2 | 39.6 |
| NMDC LTD. | 72,444 | 9.7 | 2.13 | 7.3 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 10 Sept 2026 · MOIL to attend Anand Rathi G-200 Summit on 21 Sep 2026 | board shareholder meetings | low | — | — |
| 9 Sept 2026 · MOIL appoints V. K. Surana and Co as Statutory Auditor for FY 2026-27 | management changes | medium | — | — |
| 1 Sept 2026 · MOIL fixes September 2026 manganese ore prices, all grades unchanged from August | business updates | medium | — | — |
| 1 Sept 2026 · MOIL: Director (Production and Planning) retires; interim charge assigned | management changes | high | — | — |
| 29 Aug 2026 · MOIL faces Rs 16.08 crore water tax demand from Wainganga Division | regulatory legal | medium | — | — |
| 27 Aug 2026 · MOIL fined by NSE and BSE for board composition non-compliance in Q1FY27 | regulatory legal | high | — | — |
| 25 Aug 2026 · MOIL submits BRSR for FY 2025-26 | compliance | minimal | — | — |
| 25 Aug 2026 · MOIL 64th AGM on Sept 18, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 25 Aug 2026 · MOIL files 64th AGM Notice and Annual Report for FY 2025-26 | compliance | minimal | — | — |
| 7 Aug 2026 · MOIL appoints Government Nominee Director on board | management changes | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 21.9 |
| 28.0 |
| 15.8 |
| 41.4 |
| GUJARAT MINERAL DEV CORP | 18,345 | 19.2 | 2.59 | 13.3 | 13.5 | 15.5 | 14.7 | 29.5 |
| GRAVITA INDIA LIMITED | 12,457 | 31.4 | 5.07 | 25.6 | 15.4 | 17.2 | 24.8 | 10.7 |
| ASHAPURA MINECHEM LTD | 5,179 | 12.7 | 3.15 | 9.4 | 25.3 | 15.0 | 35.5 | 11.7 |
| MOIL LIMITED ◆ | 4,996 | 78.7 | 1.85 | 11.2 | 0.3 | 0.4 | — | 35.6 |
| ORISSA MIN DEV CO LTD | 2,388 | — | — | — | (0.7) | 0.5 | — | 52.8 |
| 20 MICRONS LTD | 736 | 10.9 | 1.51 | 6.3 | 13.7 | 16.9 | 14.6 | 13.8 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 78.7 | 16.4 | 11 of 11 | 0% |
| P/B | 1.9 | 2.1 | 6 of 13 | 58% |
| ROCE | 0.4 | 8.4 | 10 of 14 | 31% |
| ROE | 0.3 | 7.3 | 9 of 14 | 39% |
| Debt / Equity | 0.0 | 0.3 | 2 of 14 | 92% |
| EBITDA margin | 35.6 | 13.8 | 4 of 13 | 75% |
| Revenue growth | 4.5 | 19.2 | 8 of 13 | 42% |
| Profit growth | (7.3) | 9.8 | 12 of 14 | 15% |
| Market cap | 4996 | 1562 | 6 of 14 | 62% |
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| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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