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Maan Aluminium Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹146.74Undervalued by 16.46%vs CMP ₹126.00

P/E (49.5) × ROE (10.5%) × BV (₹34.60) × DY (2.00%)

₹60.30Overvalued by 52.14%vs CMP ₹126.00
MoS: -109% (Negative)Confidence: 61/100 (Moderate)Models: 2 Fair, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹136.3620%Fair (+8.2%)
Graham NumberEarnings₹46.8515%Over (-62.8%)
Earnings PowerEarnings₹32.0010%Over (-74.6%)
DCFCash Flow₹10.8212%Over (-91.4%)
Net Asset ValueAssets₹31.177%Over (-75.3%)
EV/EBITDAEnterprise₹31.508%Over (-75%)
Dividend DiscountDividends₹10.208%Over (-91.9%)
Earnings YieldEarnings₹28.207%Over (-77.6%)
ROCE CapitalReturns₹126.088%Fair (+0.1%)
Revenue MultipleRevenue₹67.505%Over (-46.4%)
Consensus (10 models)₹60.30100%Overvalued
Key Drivers: Wide model spread (₹10–₹136) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -7.1%

*Investments are subject to market risks

Analyst Summary

Maan Aluminium Ltd operates in the Aluminium segment, current market price is ₹126.00, market cap is 756 Cr.. At a glance, stock P/E is 49.5, ROE is 10.5 %, ROCE is 12.1 %, book value is 34.6, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹60.30, around 52.1% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹810 Cr versus the prior period change of -15.0%, while latest net profit is about ₹16 Cr with a prior-period change of -51.5%. The 52-week range shown on this page is 186/78.5, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisMaan 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 L30007DL…

This summary is generated from the stock page data available for Maan Aluminium Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

50
Maan Aluminium Ltd scores 50/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health57/100 · Moderate
ROCE 12.1% GoodROE 10.5% AverageD/E 1.13 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changeDII holding up 1.42% MF buyingPromoter decreased by 3.05% Caution
Earnings Quality50/100 · Moderate
OPM stable around 5% Steady
Quarterly Momentum40/100 · Moderate
Revenue (4Q): 0% YoY FlatProfit (4Q): -19% YoY Declining
Industry Rank50/100 · Moderate
P/E 49.5 vs industry 47.7 In-lineROCE 12.1% vs industry 16.5% Average3Y sales CAGR: 12% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:16 am

Market Cap 756 Cr.
Current Price 126
Intrinsic Value₹60.30
High / Low 186/78.5
Stock P/E49.5
Book Value 34.6
Dividend Yield0.00 %
ROCE12.1 %
ROE10.5 %
Face Value 5.00
PEG Ratio-7.00

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

View Share Price Target for Maan Aluminium Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Maan Aluminium Ltd 756 Cr. 126 186/78.549.5 34.60.00 %12.1 %10.5 % 5.00
MMP Industries Ltd 516 Cr. 203 318/18512.5 1260.98 %14.3 %12.8 % 10.0
Manaksia Aluminium Company Ltd 150 Cr. 22.8 68.3/20.623.7 21.10.31 %10.5 %4.56 % 1.00
National Aluminium Company Ltd 73,364 Cr. 399 432/13811.9 1092.63 %43.7 %32.6 % 5.00
Hindalco Industries Ltd 2,03,284 Cr. 905 1,030/54611.7 6000.55 %14.8 %14.0 % 1.00
Industry Average55,614.00 Cr238.7947.72129.490.64%16.46%12.76%6.00

All Competitor Stocks of Maan Aluminium Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 189.62262.87207.36295.30212.97237.40176.78205.44182.09245.86211.19191.08151.87
Expenses 170.03242.07193.95284.24202.11228.13171.82197.83177.27238.16206.25183.12146.32
Operating Profit 19.5920.8013.4111.0610.869.274.967.614.827.704.947.965.55
OPM % 10.33%7.91%6.47%3.75%5.10%3.90%2.81%3.70%2.65%3.13%2.34%4.17%3.65%
Other Income 1.261.502.161.551.522.501.391.101.471.371.993.351.61
Interest 0.991.620.880.811.190.800.620.540.961.131.451.691.47
Depreciation 1.111.321.121.161.181.221.271.251.281.721.821.851.89
Profit before tax 18.7519.3613.5710.6410.019.754.466.924.056.223.667.773.80
Tax % 25.28%25.31%25.20%25.94%25.67%25.33%23.99%25.87%24.69%36.66%25.41%25.74%25.53%
Net Profit 14.0114.4610.157.887.447.283.395.133.053.942.735.772.83
EPS in Rs 2.592.681.881.461.381.350.630.950.560.730.501.070.52

Last Updated: March 4, 2026, 12:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 9:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 103110190349447652524403572814953810800
Expenses 98107185341434634512378539743908782774
Operating Profit 5458131812243371452826
OPM % 5%3%3%2%3%3%2%6%6%9%5%4%3%
Other Income 1115554255828
Interest 3346665455436
Depreciation 2112222334567
Profit before tax 001510149203067442221
Tax % -11%35%35%36%34%36%17%26%26%25%26%28%
Net Profit 0013698152250331615
EPS in Rs 0.080.050.110.601.191.701.402.744.079.256.062.872.82
Dividend Payout % 0%0%28%10%11%7%9%6%6%8%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)200.00%100.00%50.00%-11.11%87.50%46.67%127.27%-34.00%-51.52%
Change in YoY Net Profit Growth (%)0.00%-100.00%-50.00%-61.11%98.61%-40.83%80.61%-161.27%-17.52%

Maan Aluminium Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2016-2017 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:22%
5 Years:9%
3 Years:12%
TTM:-8%
Compounded Profit Growth
10 Years:49%
5 Years:15%
3 Years:-11%
TTM:-43%
Stock Price CAGR
10 Years:51%
5 Years:65%
3 Years:42%
1 Year:-15%
Return on Equity
10 Years:22%
5 Years:24%
3 Years:23%
Last Year:9%

Last Updated: September 5, 2025, 10:00 am

Balance Sheet

Last Updated: December 4, 2025, 1:35 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 333377771414272727
Reserves 242324262937435771117136151160
Borrowings 19205568405331736656339083
Other Liabilities 111988382911232138293135
Total Liabilities 58659010611312692160171225225300305
Fixed Assets 2120202123272937455154105107
CWIP 0000000001200
Investments 0000000001467
Other Assets 36456984919863123126173165188190
Total Assets 58659010611312692160171225225300305

Reserves and Borrowings Chart

Cash Flow - No data available for this post.

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-14.00-16.00-50.00-60.00-27.00-35.00-19.00-49.00-33.0015.0012.00-62.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 445982625646275746523447
Inventory Days 7167351896123529201730
Days Payable 3562632912315917910
Cash Conversion Cycle 7964111773641367766554267
Working Capital Days 232419131211161927353336
ROCE %8%7%7%12%18%24%16%22%24%43%25%12%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Jan 2026
Promoters 65.38%60.71%60.71%58.87%58.87%58.87%58.87%58.87%58.87%58.87%58.87%55.82%
FIIs 0.67%0.18%0.15%0.27%0.33%0.41%0.37%0.41%0.37%0.39%0.01%0.01%
DIIs 0.00%0.00%0.00%0.00%0.00%0.00%0.54%0.00%0.00%0.00%1.43%1.42%
Public 33.94%39.08%39.13%40.86%40.81%40.71%40.22%40.71%40.76%40.75%39.69%42.75%
No. of Shareholders 23,35527,18726,61827,84228,72828,23933,57533,51632,35331,10930,67130,444

Shareholding Pattern Chart

No. of Shareholders

Maan Aluminium Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 5.005.0010.0010.0010.00
Basic EPS (Rs.) 2.876.0636.9616.2621.89
Diluted EPS (Rs.) 2.876.0636.9616.2621.89
Cash EPS (Rs.) 3.896.9240.2618.8226.62
Book Value[Excl.RevalReserv]/Share (Rs.) 32.9930.1596.3562.4094.75
Book Value[Incl.RevalReserv]/Share (Rs.) 32.9930.1596.3562.4094.75
Dividend / Share (Rs.) 0.000.003.001.001.00
Revenue From Operations / Share (Rs.) 149.80176.21601.91423.26595.92
PBDIT / Share (Rs.) 5.629.6856.5428.1839.87
PBIT / Share (Rs.) 4.608.8153.2325.6135.14
PBT / Share (Rs.) 4.008.1349.5822.0029.40
Net Profit / Share (Rs.) 2.876.0536.9616.2521.89
PBDIT Margin (%) 3.755.499.396.656.69
PBIT Margin (%) 3.075.008.846.055.89
PBT Margin (%) 2.674.618.235.194.93
Net Profit Margin (%) 1.913.436.143.843.67
Return on Networth / Equity (%) 8.6920.0838.3526.0423.09
Return on Capital Employeed (%) 12.7528.5453.3237.9533.62
Return On Assets (%) 5.1714.5422.2212.829.23
Long Term Debt / Equity (X) 0.060.000.010.030.04
Total Debt / Equity (X) 0.500.190.420.761.13
Asset Turnover Ratio (%) 3.094.244.113.453.19
Current Ratio (X) 1.832.551.901.551.35
Quick Ratio (X) 1.271.871.521.090.98
Inventory Turnover Ratio (X) 16.514.986.065.204.73
Dividend Payout Ratio (NP) (%) 0.000.008.116.154.56
Dividend Payout Ratio (CP) (%) 0.000.007.455.313.75
Earning Retention Ratio (%) 0.000.0091.8993.8595.44
Cash Earning Retention Ratio (%) 0.000.0092.5594.6996.25
Interest Coverage Ratio (X) 9.3514.2115.457.806.94
Interest Coverage Ratio (Post Tax) (X) 5.779.8911.105.504.81
Enterprise Value (Cr.) 503.90773.29287.28245.59165.32
EV / Net Operating Revenue (X) 0.620.810.350.420.41
EV / EBITDA (X) 16.5614.783.766.456.13
MarketCap / Net Operating Revenue (X) 0.510.770.280.310.25
Retention Ratios (%) 0.000.0091.8893.8495.43
Price / BV (X) 2.324.551.802.161.62
Price / Net Operating Revenue (X) 0.510.770.280.310.25
EarningsYield 0.030.040.210.120.14

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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. 810.17 Cr. and Equity Capital is Rs. 27.04 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Aluminium4/5, 1st Floor, New Delhi Delhi 110002Contact not found
Management
NamePosition Held
Mr. Ravinder Nath JainChairman & Managing Director
Mr. Ashish JainExecutive Director
Ms. Priti JainPromoter Women Director
Mr. Naveen GuptaDirector & COO
Mr. Rajpal JainIndependent Director
Mr. Suresh Chander MalikIndependent Director
Mr. Anil Kumar JainIndependent Director
Mr. Sujoy BhatiaIndependent Director

FAQ

What is the intrinsic value of Maan Aluminium Ltd and is it undervalued?

As of 22 April 2026, Maan Aluminium Ltd's intrinsic value is ₹60.30, which is 52.14% lower than the current market price of ₹126.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (10.5 %), book value (₹34.6), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Maan Aluminium Ltd?

Maan Aluminium Ltd is trading at ₹126.00 as of 22 April 2026, with a FY2026-2027 high of ₹186 and low of ₹78.5. The stock is currently in the middle of its 52-week range. Market cap stands at ₹756 Cr..

How does Maan Aluminium Ltd's P/E ratio compare to its industry?

Maan Aluminium Ltd has a P/E ratio of 49.5, which is above the industry average of 47.72. The premium over industry average may reflect growth expectations or speculative interest.

Is Maan Aluminium Ltd financially healthy?

Key indicators for Maan Aluminium Ltd: ROCE of 12.1 % is moderate. Dividend yield is 0.00 %.

Is Maan Aluminium Ltd profitable and how is the profit trend?

Maan Aluminium Ltd reported a net profit of ₹16 Cr in Mar 2025 on revenue of ₹810 Cr. Compared to ₹22 Cr in Mar 2022, the net profit shows a declining trend.

Does Maan Aluminium Ltd pay dividends?

Maan Aluminium Ltd has a dividend yield of 0.00 % at the current price of ₹126.00. The company is currently not paying meaningful dividends.

Last Updated: April 2, 2026, 3:16 am
Author: Getaka|Social: XLinkedIn
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
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