Share Price and Basic Stock Data

Last Updated: November 15, 2024, 2:32 pm

Market Cap	3,141 Cr.
Current Price	1,079
High / Low	1,359/955
Stock P/E	3.80
Book Value	1,280
Dividend Yield	0.56 %
ROCE	11.7 %
ROE	9.06 %
Face Value	10.0
PEG Ratio	0.67

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Maithan Alloys Ltd

Competitors of Maithan Alloys Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Facor Alloys Ltd	116 Cr.	5.95	12.2/5.40		6.79	0.00 %	11.8 %	8.52 %	1.00
Chrome Silicon Ltd	69.0 Cr.	42.1	52.3/32.2		63.7	0.00 %	16.2 %	21.6 %	10.0
Shyam Century Ferrous Ltd	307 Cr.	14.5	32.4/14.2		7.70	0.00 %	0.98 %	0.45 %	1.00
Maithan Alloys Ltd	3,141 Cr.	1,079	1,359/955	3.80	1,280	0.56 %	11.7 %	9.06 %	10.0
Industry Average	1,188.00 Cr	285.39		3.80	339.55	0.14%	10.17%	9.91%	5.50

All Competitor Stocks of Maithan Alloys Ltd

Quarterly Result

Month	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
Sales	409	446	499	566	666	923	837	975	690	685	535	404	444
Expenses	338	376	389	425	445	529	526	631	584	639	445	363	411
Operating Profit	71	70	111	141	222	394	311	345	106	46	90	41	32
OPM %	17%	16%	22%	25%	33%	43%	37%	35%	15%	7%	17%	10%	7%
Other Income	4	6	6	10	7	5	11	-60	39	51	43	44	60
Interest	0	0	1	0	0	0	0	0	0	0	1	0	0
Depreciation	4	4	4	4	4	4	5	5	5	5	5	5	5
Profit before tax	71	72	112	147	224	394	317	280	139	92	126	80	87
Tax %	22%	22%	25%	24%	27%	24%	24%	22%	22%	21%	22%	25%	28%
Net Profit	55	55	84	112	164	300	242	219	109	73	98	60	62
EPS in Rs	18.87	19.05	29.30	38.50	56.31	103.09	83.11	75.21	37.51	25.00	33.71	20.47	21.28

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	673	948	957	1,103	1,146	1,337	1,873	1,979	1,816	1,615	2,989	2,883	2,067
Expenses	607	861	904	989	1,015	1,064	1,489	1,654	1,581	1,321	1,913	2,293	1,858
Operating Profit	66	86	53	114	132	273	384	325	235	294	1,075	589	209
OPM %	10%	9%	6%	10%	11%	20%	21%	16%	13%	18%	36%	20%	10%
Other Income	7	5	3	1	4	8	15	26	66	24	27	72	198
Interest	4	19	21	22	17	12	8	8	6	3	3	5	2
Depreciation	10	19	23	27	23	25	15	16	16	16	17	20	21
Profit before tax	60	54	12	66	96	244	376	327	279	299	1,082	637	384
Tax %	25%	19%	9%	21%	18%	26%	22%	22%	20%	23%	24%	22%
Net Profit	45	44	11	53	79	180	292	255	222	230	818	499	292
EPS in Rs	15.59	15.25	3.91	18.08	27.09	61.72	100.24	87.67	76.27	79.29	281.01	171.43	100.46
Dividend Payout %	6%	7%	26%	6%	7%	4%	3%	7%	8%	8%	2%	4%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2012-2013	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023
YoY Net Profit Growth (%)	-2.22%	-75.00%	381.82%	49.06%	127.85%	62.22%	-12.67%	-12.94%	3.60%	255.65%	-39.00%
Change in YoY Net Profit Growth (%)	0.00%	-72.78%	456.82%	-332.76%	78.79%	-65.63%	-74.89%	-0.27%	16.54%	252.05%	-294.65%

Maithan Alloys Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

No data available for the compounded sales growth chart.

Balance Sheet

Last Updated: November 14, 2024, 8:35 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	15	15	15	29	29	29	29	29	29	29	29	29	29
Reserves	254	262	308	364	556	839	1,083	1,263	1,492	2,294	2,775	3,113	3,696
Borrowings	211	258	214	139	81	45	7	10	49	5	20	30	373
Other Liabilities	255	254	246	266	236	303	399	213	328	422	316	296	515
Total Liabilities	735	788	783	799	902	1,215	1,519	1,516	1,898	2,751	3,140	3,468	4,614
Fixed Assets	297	293	280	267	242	238	229	217	203	276	267	253	314
CWIP	1	5	1	0	0	0	0	1	0	0	2	54	1
Investments	38	38	36	36	70	343	628	6	795	824	870	1,788	3,374
Other Assets	399	452	466	496	590	635	662	1,292	900	1,651	2,000	1,373	925
Total Assets	735	788	783	799	902	1,215	1,519	1,516	1,898	2,751	3,140	3,468	4,614

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	42	-4	58	136	126	284	315	-45	117	237	968	-411
Cash from Investing Activity +	-47	-22	-4	-11	-11	-280	-276	696	-761	-105	-962	371
Cash from Financing Activity +	-39	26	-65	-101	-74	-49	-54	-43	37	-62	-5	-9
Net Cash Flow	-45	1	-11	24	41	-44	-15	609	-607	70	1	-49

Free Cash Flow

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Free Cash Flow	66.00	-125.00	-205.00	-100.00	-7.00	192.00	339.00	318.00	225.00	245.00	-4.00	569.00

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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	48	54	68	63	62	47	47	56	99	84	54	82
Inventory Days	118	137	109	92	109	93	85	95	151	214	81	141
Days Payable	83	74	77	81	40	55	80	26	80	63	40	35
Cash Conversion Cycle	83	117	99	74	130	85	52	125	170	236	94	188
Working Capital Days	39	49	49	44	59	49	38	87	122	132	64	209
ROCE %	16%	7%	17%	21%	42%	49%	33%	20%	20%	56%	26%	12%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	74.99%	74.99%	74.99%	74.99%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%	74.99%	74.99%
FIIs	0.67%	1.02%	2.54%	1.77%	1.68%	1.54%	1.52%	1.82%	1.88%	2.14%	1.87%	1.80%
DIIs	0.48%	0.51%	0.62%	0.62%	0.59%	0.59%	0.55%	0.56%	0.52%	0.44%	0.15%	0.41%
Public	23.86%	23.48%	21.86%	22.62%	22.75%	22.90%	22.96%	22.62%	22.63%	22.42%	23.00%	22.80%
No. of Shareholders	33,109	33,640	34,217	35,174	36,049	36,218	34,861	33,398	32,412	33,210	36,475	34,600

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Motilal Oswal Nifty Microcap 250 Index Fund	8,055	0.15	0.88	20	2024-11-16	40175%
Groww Nifty Total Market Index Fund	20	0.01	0	20	2024-11-16	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	119.87	171.41	281.00	79.02	76.27
Diluted EPS (Rs.)	119.87	171.41	281.00	79.02	76.27
Cash EPS (Rs.)	127.01	178.36	286.82	84.39	81.70
Book Value[Excl.RevalReserv]/Share (Rs.)	1079.66	963.67	798.27	522.62	444.09
Book Value[Incl.RevalReserv]/Share (Rs.)	1079.66	963.67	798.27	522.62	444.09
Revenue From Operations / Share (Rs.)	593.83	991.05	1027.98	556.43	628.95
PBDIT / Share (Rs.)	162.12	261.48	377.99	108.65	102.64
PBIT / Share (Rs.)	154.98	254.54	372.18	103.28	97.21
PBT / Share (Rs.)	154.42	218.76	371.79	102.87	95.93
Net Profit / Share (Rs.)	119.88	171.41	281.02	79.02	76.27
NP After MI And SOA / Share (Rs.)	119.88	171.44	281.02	79.30	76.27
PBDIT Margin (%)	27.30	26.38	36.76	19.52	16.31
PBIT Margin (%)	26.09	25.68	36.20	18.56	15.45
PBT Margin (%)	26.00	22.07	36.16	18.48	15.25
Net Profit Margin (%)	20.18	17.29	27.33	14.20	12.12
NP After MI And SOA Margin (%)	20.18	17.29	27.33	14.25	12.12
Return on Networth / Equity (%)	11.10	17.79	35.21	15.17	17.18
Return on Capital Employeed (%)	14.02	26.02	45.96	19.27	21.28
Return On Assets (%)	10.06	15.89	29.73	12.16	14.64
Total Debt / Equity (X)	0.01	0.00	0.00	0.02	0.01
Asset Turnover Ratio (%)	0.52	0.97	1.32	0.94	1.20
Current Ratio (X)	12.06	9.49	6.07	4.88	6.72
Quick Ratio (X)	10.67	8.45	4.35	3.85	5.23
Inventory Turnover Ratio (X)	2.82	2.51	2.02	2.30	3.43
Dividend Payout Ratio (NP) (%)	0.00	3.50	2.13	0.00	18.96
Dividend Payout Ratio (CP) (%)	0.00	3.36	2.09	0.00	17.70
Earning Retention Ratio (%)	0.00	96.50	97.87	0.00	81.04
Cash Earning Retention Ratio (%)	0.00	96.64	97.91	0.00	82.30
Interest Coverage Ratio (X)	289.53	339.81	965.19	263.57	80.53
Interest Coverage Ratio (Post Tax) (X)	215.09	269.26	718.58	192.69	60.84
Enterprise Value (Cr.)	2798.58	1199.88	3764.84	1584.57	387.56
EV / Net Operating Revenue (X)	1.62	0.41	1.26	0.97	0.21
EV / EBITDA (X)	5.93	1.58	3.42	5.01	1.30
MarketCap / Net Operating Revenue (X)	1.65	0.80	1.29	0.96	0.55
Retention Ratios (%)	0.00	96.49	97.86	0.00	81.03
Price / BV (X)	0.90	0.82	1.66	1.03	0.78
Price / Net Operating Revenue (X)	1.65	0.80	1.29	0.96	0.55
EarningsYield	0.12	0.21	0.21	0.14	0.21

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Maithan Alloys Ltd as of November 18, 2024 is: 443.15

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 November 18, 2024, Maithan Alloys Ltd is Overvalued by 58.93% compared to the current share price 1,079.00

Intrinsic Value of Maithan Alloys Ltd as of November 18, 2024 is: 468.25

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 November 18, 2024, Maithan Alloys Ltd is Overvalued by 56.60% compared to the current share price 1,079.00

Last 5 Year EPS CAGR: 5.66%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 26.58%, which is a positive sign. The company has higher reserves (1,407.62 cr) compared to borrowings (110.92 cr), indicating strong financial stability. The company has shown consistent growth in sales (199.31 cr) and profit (218.08 cr) over the years.	The stock has a high average Working Capital Days of 78.42, which may not be favorable. The stock has a high average Cash Conversion Cycle of 121.08, 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 Maithan Alloys Ltd:
1. Net Profit Margin: 20.18%
  - 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: 14.02% (Industry Average ROCE: 10.17%)
  - 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%: 11.1% (Industry Average ROE: 9.91%)
  - 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): 215.09
  - 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: 10.67
  - 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: 3.8 (Industry average Stock P/E: 0.95)
  - 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: 0.01
  - 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

Maithan Alloys Ltd. is a Public Limited Listed company incorporated on 19/09/1985 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L27101WB1985PLC039503 and registration number is 039503. Currently Company is involved in the business activities of Electric power generation, transmission and distribution. Company’s Total Operating Revenue is Rs. 3057.59 Cr. and Equity Capital is Rs. 29.11 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Ferro Alloys	Ideal Centre, 4th Floor, Kolkata West Bengal 700017	kolkata@maithanalloys.com http://www.maithanalloys.com

Management
Name	Position Held
Mr. S C Agarwalla	Chairman & Managing Director
Mr. Subodh Agarwalla	WholeTime Director & CEO
Mr. Nand Kishore Agarwal	Director
Mr. Ashok Bhandari	Director
Mr. Vivek Kaul	Director
Mr. P K Venkatramani	Director
Mrs. Kalpana Biswas Kundu	Director
Mr. Srinivas Peddi	Director

FAQ

What is the latest intrinsic value of Maithan Alloys Ltd?

The latest intrinsic value of Maithan Alloys Ltd as on 18 November 2024 is ₹443.15, which is 58.93% lower than the current market price of ₹1,079.00.

What is the Market Cap of Maithan Alloys Ltd?

The Market Cap of Maithan Alloys Ltd is 3,141 Cr..

What is the current Stock Price of Maithan Alloys Ltd as on 18 November 2024?

The current stock price of Maithan Alloys Ltd as on 18 November 2024 is ₹1,079.

What is the High / Low of Maithan Alloys Ltd stocks in FY 2024?

In FY 2024, the High / Low of Maithan Alloys Ltd stocks is 1,359/955.

What is the Stock P/E of Maithan Alloys Ltd?

The Stock P/E of Maithan Alloys Ltd is 3.80.

What is the Book Value of Maithan Alloys Ltd?

The Book Value of Maithan Alloys Ltd is 1,280.

What is the Dividend Yield of Maithan Alloys Ltd?

The Dividend Yield of Maithan Alloys Ltd is 0.56 %.

What is the ROCE of Maithan Alloys Ltd?

The ROCE of Maithan Alloys Ltd is 11.7 %.

What is the ROE of Maithan Alloys Ltd?

The ROE of Maithan Alloys Ltd is 9.06 %.

What is the Face Value of Maithan Alloys Ltd?

The Face Value of Maithan Alloys Ltd is 10.0.