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Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Maan Aluminium Ltd

About the Company - Maan Aluminium Ltd

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

Maan Aluminium Ltd. Share Price Update

Share PriceValue
Today₹154.05
Previous Day₹159.40

Basic Stock Data of Maan Aluminium Ltd

Market Cap 783 Cr.
Current Price 145
High / Low176/35.5
Stock P/E19.6
Book Value 27.4
Dividend Yield0.52 %
ROCE42.8 %
ROE46.6 %
Face Value 5.00

Data Source: screener.in

Competitors of Maan Aluminium Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
MMP Industries Ltd 683 Cr. 269298/92.423.9 1060.37 %10.5 %8.59 % 10.0
National Aluminium Company Ltd 30,451 Cr. 166169/75.719.4 74.12.69 %15.1 %12.0 % 5.00
Manaksia Aluminium Company Ltd 203 Cr. 31.046.0/19.140.2 19.40.16 %10.2 %6.09 % 1.00
Industry Average10,445.67 Cr155.3327.8366.501.07%11.93%8.89%5.33

Maan Aluminium Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales93.1596.53163.27120.70158.15164.44129.00173.16188.20189.62262.87207.36295.30
Expenses87.5789.12154.73113.16150.75157.74117.79160.96169.50170.03242.07193.95284.24
Operating Profit5.587.418.547.547.406.7011.2112.2018.7019.5920.8013.4111.06
OPM %5.99%7.68%5.23%6.25%4.68%4.07%8.69%7.05%9.94%10.33%7.91%6.47%3.75%
Other Income0.630.560.591.601.000.761.891.061.341.261.502.161.55
Interest0.861.051.171.431.241.131.081.001.340.991.620.880.81
Depreciation0.830.850.820.830.840.900.900.981.061.111.321.121.16
Profit before tax4.526.077.146.886.325.4311.1211.2817.6418.7519.3613.5710.64
Tax %25.66%24.71%26.33%24.42%25.79%27.81%26.53%25.53%25.74%25.28%25.31%25.20%25.94%
Net Profit3.364.575.265.204.693.928.178.4013.1014.0114.4610.157.88
EPS in Rs0.620.850.970.960.870.731.511.562.432.592.681.881.46

Maan Aluminium Ltd Quarterly Chart

Maan Aluminium Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales11592103110190349447652524403572814955
Expenses1128898107185341434634512378539743890
Operating Profit34545813181224337165
OPM %3%4%5%3%3%2%3%3%2%6%6%9%7%
Other Income0111155542556
Interest1333466654554
Depreciation1221122223345
Profit before tax1100151014920306762
Tax %29%40%-11%35%35%36%34%36%17%26%26%25%
Net Profit00001369815225046
EPS in Rs0.070.070.080.050.110.601.191.701.402.744.079.258.61
Dividend Payout %0%0%0%0%28%10%11%7%9%6%6%8%

Maan Aluminium Ltd Profit & Loss Yearly Chart

Maan Aluminium Ltd Growth

Compounded Sales Growth
10 Years:24%
5 Years:13%
3 Years:16%
TTM:44%
Compounded Profit Growth
10 Years:61%
5 Years:51%
3 Years:87%
TTM:-9%
Stock Price CAGR
10 Years:62%
5 Years:72%
3 Years:97%
1 Year:225%
Return on Equity
10 Years:25%
5 Years:32%
3 Years:36%
Last Year:47%

Maan Aluminium Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital3333337777141427
Reserves2323242324262937435771117121
Borrowings10151920556840533173665646
Other Liabilities131811198838291123213824
Total Liabilities496058659010611312692160171225219
Fixed Assets12222120202123272937455152
CWIP7000000000010
Investments0000000000012
Other Assets303736456984919863123126173164
Total Assets496058659010611312692160171225219

Maan Aluminium Ltd Reserves and Borrowings Chart

Maan Aluminium Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days496344598262564627574652
Inventory Days3573716735189612352920
Days Payable36733562632912315917
Cash Conversion Cycle4763796411177364136776655
Working Capital Days5071878912081423934826760
ROCE %6%8%8%7%7%12%18%24%16%22%24%43%

Maan Aluminium Ltd Financial Efficiency Indicators Chart

Maan Aluminium Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters65.32%65.32%65.32%65.32%65.54%66.04%66.04%66.04%66.04%65.38%60.71%60.71%
FIIs0.00%0.00%0.15%0.16%0.02%0.00%0.23%0.24%0.48%0.67%0.18%0.15%
DIIs0.00%0.00%0.01%0.00%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public34.68%34.68%34.53%34.53%34.43%33.96%33.72%33.72%33.48%33.94%39.08%39.13%
No. of Shareholders12,37816,98320,10519,61920,13019,92120,21319,57519,38523,35527,18726,618

Maan Aluminium Ltd Shareholding Pattern Chart

No. of Maan Aluminium Ltd Shareholders

This stock is not held by any mutual fund

Maan Aluminium Ltd ROCE Trend

Maan Aluminium Ltd EPS Trend

Maan Aluminium Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)36.9616.2621.8911.1713.56
Diluted EPS (Rs.)36.9616.2621.8911.1713.56
Cash EPS (Rs.)40.2618.8226.6214.8216.73
Book Value[Excl.RevalReserv]/Share (Rs.)96.3562.4094.7574.1664.22
Book Value[Incl.RevalReserv]/Share (Rs.)96.3562.4094.7574.1664.22
Dividend / Share (Rs.)3.001.001.001.001.00
Revenue From Operations / Share (Rs.)601.91423.26595.92775.36964.39
PBDIT / Share (Rs.)56.5428.1839.8724.0333.97
PBIT / Share (Rs.)53.2325.6135.1420.3830.81
PBT / Share (Rs.)49.5822.0029.4013.5321.29
Net Profit / Share (Rs.)36.9616.2521.8911.1713.56
PBDIT Margin (%)9.396.656.693.093.52
PBIT Margin (%)8.846.055.892.623.19
PBT Margin (%)8.235.194.931.742.20
Net Profit Margin (%)6.143.843.671.441.40
Return on Networth / Equity (%)38.3526.0423.0915.0521.12
Return on Capital Employeed (%)53.3237.9533.6224.3641.76
Return On Assets (%)22.2212.829.238.207.29
Long Term Debt / Equity (X)0.010.030.040.060.06
Total Debt / Equity (X)0.420.761.130.591.21
Asset Turnover Ratio (%)4.113.453.194.825.45
Current Ratio (X)1.901.551.351.711.29
Quick Ratio (X)1.521.090.981.261.15
Inventory Turnover Ratio (X)6.065.204.737.409.54
Dividend Payout Ratio (NP) (%)8.116.154.5610.798.88
Dividend Payout Ratio (CP) (%)7.455.313.758.137.20
Earning Retention Ratio (%)91.8993.8595.4489.2191.12
Cash Earning Retention Ratio (%)92.5594.6996.2591.8792.80
Interest Coverage Ratio (X)15.457.806.943.513.57
Interest Coverage Ratio (Post Tax) (X)11.105.504.812.632.43
Enterprise Value (Cr.)287.28245.59165.3246.74114.12
EV / Net Operating Revenue (X)0.350.420.410.080.17
EV / EBITDA (X)3.766.456.132.884.97
MarketCap / Net Operating Revenue (X)0.280.310.250.030.09
Retention Ratios (%)91.8893.8495.4389.2091.11
Price / BV (X)1.802.161.620.381.46
Price / Net Operating Revenue (X)0.280.310.250.030.09
EarningsYield0.210.120.140.380.14

Maan Aluminium Ltd Profitability Ratios (%)

Maan Aluminium Ltd Liquidity Ratios

Maan Aluminium Ltd Liquidity Ratios (%)

Maan Aluminium Ltd Interest Coverage Ratios (%)

Maan Aluminium Ltd Valuation Ratios

Fair Value of Maan Aluminium Ltd Stock

Fair Value: ₹251.56

The stock is undervalued by 73.49% compared to the current price ₹145

*Investments are subject to market risks

Strength and Weakness of Maan Aluminium Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 16.25%, which is a positive sign.
  2. The company has higher reserves (47.54 cr) compared to borrowings (42.46 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (409.69 cr) and profit (16.92 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 36.52 and average Dividend Yield of 5.32%.
  2. The stock has a high average Working Capital Days of 68.50, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 62.67, which may not be favorable.

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