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Last Updated on: 05 October, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Maan Aluminium Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: October 5, 2024, 12:25 am

Market Cap 945 Cr.
Current Price 175
High / Low195/85.3
Stock P/E36.4
Book Value 30.2
Dividend Yield0.00 %
ROCE24.9 %
ROE22.3 %
Face Value 5.00
PEG Ratio0.92

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Maan Aluminium Ltd

Competitors of Maan Aluminium Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Galada Power & Telecommunication Ltd 2.12 Cr. 2.83/7.85 24.40.00 %37.3 %% 10.0
Bothra Metals & Alloys Ltd 20.1 Cr. 10.917.8/7.5069.4 9.290.00 %3.79 %1.70 % 10.0
National Aluminium Company Ltd 40,470 Cr. 220227/88.620.3 79.32.27 %17.0 %12.6 % 5.00
MMP Industries Ltd 931 Cr. 366458/18326.6 1140.41 %13.4 %11.6 % 10.0
Manaksia Aluminium Company Ltd 213 Cr. 32.446.0/22.045.3 19.80.22 %9.85 %3.99 % 1.00
Industry Average42,125.60 Cr222.1631.59107.000.48%16.79%10.40%6.00

All Competitor Stocks of Maan Aluminium Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales96.53163.27120.70158.15164.44129.00173.16188.20189.62262.87207.36295.30212.97
Expenses89.12154.73113.16150.75157.74117.79160.96169.50170.03242.07193.95284.24202.11
Operating Profit7.418.547.547.406.7011.2112.2018.7019.5920.8013.4111.0610.86
OPM %7.68%5.23%6.25%4.68%4.07%8.69%7.05%9.94%10.33%7.91%6.47%3.75%5.10%
Other Income0.560.591.601.000.761.891.061.341.261.502.161.551.52
Interest1.051.171.431.241.131.081.001.340.991.620.880.811.19
Depreciation0.850.820.830.840.900.900.981.061.111.321.121.161.18
Profit before tax6.077.146.886.325.4311.1211.2817.6418.7519.3613.5710.6410.01
Tax %24.71%26.33%24.42%25.79%27.81%26.53%25.53%25.74%25.28%25.31%25.20%25.94%25.67%
Net Profit4.575.265.204.693.928.178.4013.1014.0114.4610.157.887.44
EPS in Rs0.850.970.960.870.731.511.562.432.592.681.881.461.38

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales11592103110190349447652524403572814978
Expenses1128898107185341434634512378539743922
Operating Profit34545813181224337156
OPM %3%4%5%3%3%2%3%3%2%6%6%9%6%
Other Income0111155542557
Interest1333466654554
Depreciation1221122223345
Profit before tax1100151014920306754
Tax %29%40%-11%35%35%36%34%36%17%26%26%25%
Net Profit00001369815225040
EPS in Rs0.070.070.080.050.110.601.191.701.402.744.079.257.40
Dividend Payout %0%0%0%0%28%10%11%7%9%6%6%8%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)200.00%100.00%50.00%-11.11%87.50%46.67%127.27%
Change in YoY Net Profit Growth (%)0.00%-100.00%-50.00%-61.11%98.61%-40.83%80.61%

Maan Aluminium Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2016-2017 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:25%
5 Years:8%
3 Years:33%
TTM:9%
Compounded Profit Growth
10 Years:54%
5 Years:29%
3 Years:30%
TTM:-50%
Stock Price CAGR
10 Years:57%
5 Years:86%
3 Years:68%
1 Year:97%
Return on Equity
10 Years:25%
5 Years:29%
3 Years:32%
Last Year:22%

Last Updated: Unknown

Balance Sheet

Last Updated: September 15, 2024, 3:15 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital333337777141427
Reserves23242324262937435771117136
Borrowings151920556840533173665633
Other Liabilities1811198838291123213829
Total Liabilities6058659010611312692160171225225
Fixed Assets222120202123272937455154
CWIP-0-0-0000000012
Investments-0-0-0-0-0-0-0-00014
Other Assets3736456984919863123126173165
Total Assets6058659010611312692160171225225

Reserves and Borrowings Chart

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow3.00-11.00-14.00-16.00-50.00-60.00-27.00-35.00-19.00-49.00-33.0015.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days634459826256462757465234
Inventory Days7371673518961235292017
Days Payable7335626329123159179
Cash Conversion Cycle6379641117736413677665542
Working Capital Days7187891208142393482676046
ROCE %8%8%7%7%12%18%24%16%22%24%43%25%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters65.32%65.32%65.54%66.04%66.04%66.04%66.04%65.38%60.71%60.71%58.87%58.87%
FIIs0.15%0.16%0.02%0.00%0.23%0.24%0.48%0.67%0.18%0.15%0.27%0.33%
DIIs0.01%0.00%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public34.53%34.53%34.43%33.96%33.72%33.72%33.48%33.94%39.08%39.13%40.86%40.81%
No. of Shareholders20,10519,61920,13019,92120,21319,57519,38523,35527,18726,61827,84228,728

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue5.0010.0010.0010.0010.00
Basic EPS (Rs.)6.0636.9616.2621.8911.17
Diluted EPS (Rs.)6.0636.9616.2621.8911.17
Cash EPS (Rs.)6.9240.2618.8226.6214.82
Book Value[Excl.RevalReserv]/Share (Rs.)30.1696.3562.4094.7574.16
Book Value[Incl.RevalReserv]/Share (Rs.)30.1696.3562.4094.7574.16
Dividend / Share (Rs.)0.003.001.001.001.00
Revenue From Operations / Share (Rs.)176.23601.91423.26595.92775.36
PBDIT / Share (Rs.)9.6856.5428.1839.8724.03
PBIT / Share (Rs.)8.8153.2325.6135.1420.38
PBT / Share (Rs.)8.1349.5822.0029.4013.53
Net Profit / Share (Rs.)6.0636.9616.2521.8911.17
PBDIT Margin (%)5.499.396.656.693.09
PBIT Margin (%)4.998.846.055.892.62
PBT Margin (%)4.618.235.194.931.74
Net Profit Margin (%)3.436.143.843.671.44
Return on Networth / Equity (%)20.0838.3526.0423.0915.05
Return on Capital Employeed (%)28.5453.3237.9533.6224.36
Return On Assets (%)14.5422.2212.829.238.20
Long Term Debt / Equity (X)0.000.010.030.040.06
Total Debt / Equity (X)0.190.420.761.130.59
Asset Turnover Ratio (%)4.244.113.453.194.82
Current Ratio (X)2.551.901.551.351.71
Quick Ratio (X)1.871.521.090.981.26
Inventory Turnover Ratio (X)4.986.065.204.737.40
Dividend Payout Ratio (NP) (%)0.008.116.154.5610.79
Dividend Payout Ratio (CP) (%)0.007.455.313.758.13
Earning Retention Ratio (%)0.0091.8993.8595.4489.21
Cash Earning Retention Ratio (%)0.0092.5594.6996.2591.87
Interest Coverage Ratio (X)14.2215.457.806.943.51
Interest Coverage Ratio (Post Tax) (X)9.9011.105.504.812.63
Enterprise Value (Cr.)773.23287.28245.59165.3246.74
EV / Net Operating Revenue (X)0.810.350.420.410.08
EV / EBITDA (X)14.783.766.456.132.88
MarketCap / Net Operating Revenue (X)0.770.280.310.250.03
Retention Ratios (%)0.0091.8893.8495.4389.20
Price / BV (X)4.551.802.161.620.38
Price / Net Operating Revenue (X)0.770.280.310.250.03
EarningsYield0.040.210.120.140.38

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Maan Aluminium Ltd as of October 5, 2024 is: ₹250.04

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of October 5, 2024, Maan Aluminium Ltd is Undervalued by 42.88% compared to the current share price ₹175.00

Intrinsic Value of Maan Aluminium Ltd as of October 5, 2024 is: ₹348.84

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of October 5, 2024, Maan Aluminium Ltd is Undervalued by 99.34% compared to the current share price ₹175.00

Last 5 Year EPS CAGR: 39.51%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 17.83%, which is a positive sign.
  2. The company has higher reserves (50.83 cr) compared to borrowings (44.08 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (411.46 cr) and profit (16.31 cr) over the years.
  1. The stock has a high average Working Capital Days of 68.17, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 62.25, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Maan Aluminium Ltd:
    1. Net Profit Margin: 3.43%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 28.54% (Industry Average ROCE: 16.79%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 20.08% (Industry Average ROE: 8.91%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 9.9
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.87
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 36.4 (Industry average Stock P/E: 31.59)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.19
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Maan Aluminium Ltd. is a Public Limited Listed company incorporated on 08/07/2003 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L30007DL2003PLC214485 and registration number is 214485. Currently Company is involved in the business activities of Manufacture of basic precious and other non-ferrous metals. Company’s Total Operating Revenue is Rs. 572.29 Cr. and Equity Capital is Rs. 13.52 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Aluminium4/5, 1st Floor, New Delhi Delhi 110002info@maanaluminium.in
http://www.maanaluminium.in
Management
NamePosition Held
Mr. Ravinder Nath JainChairman & Managing Director
Mr. Ashish JainExecutive Director
Ms. Priti JainPromoter Women Director
Mr. Rajpal JainIndependent Director
Mr. Suresh Chander MalikIndependent Director
Mr. Amit JainIndependent Director
Mr. Rajesh JainIndependent Director

FAQ

What is the latest fair value of Maan Aluminium Ltd?

The latest fair value of Maan Aluminium Ltd is ₹250.04.

What is the Market Cap of Maan Aluminium Ltd?

The Market Cap of Maan Aluminium Ltd is 945 Cr..

What is the current Stock Price of Maan Aluminium Ltd as on 05 October 2024?

The current stock price of Maan Aluminium Ltd as on 05 October 2024 is ₹175.

What is the High / Low of Maan Aluminium Ltd stocks in FY 2024?

In FY 2024, the High / Low of Maan Aluminium Ltd stocks is 195/85.3.

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

The Stock P/E of Maan Aluminium Ltd is 36.4.

What is the Book Value of Maan Aluminium Ltd?

The Book Value of Maan Aluminium Ltd is 30.2.

What is the Dividend Yield of Maan Aluminium Ltd?

The Dividend Yield of Maan Aluminium Ltd is 0.00 %.

What is the ROCE of Maan Aluminium Ltd?

The ROCE of Maan Aluminium Ltd is 24.9 %.

What is the ROE of Maan Aluminium Ltd?

The ROE of Maan Aluminium Ltd is 22.3 %.

What is the Face Value of Maan Aluminium Ltd?

The Face Value of Maan Aluminium Ltd is 5.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Maan Aluminium Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE