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Last Updated on: 22 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo

Maithan Alloys Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 2:13 am

Market Cap 3,411 Cr.
Current Price 1,172
High / Low 1,359/955
Stock P/E4.13
Book Value 1,280
Dividend Yield0.51 %
ROCE11.7 %
ROE9.06 %
Face Value 10.0
PEG Ratio0.73

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

View Share Price Target for

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Nagpur Power & Industries Ltd 189 Cr. 144 190/83.082.3 66.60.00 %0.03 %2.08 % 10.0
Facor Alloys Ltd 108 Cr. 5.50 12.2/5.40 6.790.00 %11.8 %8.52 % 1.00
Chrome Silicon Ltd 101 Cr. 61.4 61.4/32.2 63.70.00 %16.2 %21.6 % 10.0
Shyam Century Ferrous Ltd 290 Cr. 13.7 32.4/13.1 7.700.00 %0.98 %0.45 % 1.00
Maithan Alloys Ltd 3,411 Cr. 1,172 1,359/9554.13 1,2800.51 %11.7 %9.06 % 10.0
Industry Average1,484.67 Cr327.2132.71270.260.31%10.75%10.00%7.43

All Competitor Stocks of

Quarterly Result

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales409446499566666923837975690685535404444
Expenses338376389425445529526631584639445363411
Operating Profit717011114122239431134510646904132
OPM %17%16%22%25%33%43%37%35%15%7%17%10%7%
Other Income466107511-603951434460
Interest0010000000100
Depreciation4444445555555
Profit before tax7172112147224394317280139921268087
Tax %22%22%25%24%27%24%24%22%22%21%22%25%28%
Net Profit55558411216430024221910973986062
EPS in Rs18.8719.0529.3038.5056.31103.0983.1175.2137.5125.0033.7120.4721.28

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
Sales6739489571,1031,1461,3371,8731,9791,8161,6152,9892,8832,067
Expenses6078619049891,0151,0641,4891,6541,5811,3211,9132,2931,858
Operating Profit6686531141322733843252352941,075589209
OPM %10%9%6%10%11%20%21%16%13%18%36%20%10%
Other Income753148152666242772198
Interest419212217128863352
Depreciation10192327232515161616172021
Profit before tax60541266962443763272792991,082637384
Tax %25%19%9%21%18%26%22%22%20%23%24%22%
Net Profit4544115379180292255222230818499292
EPS in Rs15.5915.253.9118.0827.0961.72100.2487.6776.2779.29281.01171.43100.46
Dividend Payout %6%7%26%6%7%4%3%7%8%8%2%4%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
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%

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

Growth

Compounded Sales Growth
10 Years:6%
5 Years:-3%
3 Years:2%
TTM:-17%
Compounded Profit Growth
10 Years:37%
5 Years:1%
3 Years:7%
TTM:183%
Stock Price CAGR
10 Years:29%
5 Years:21%
3 Years:6%
1 Year:2%
Return on Equity
10 Years:22%
5 Years:20%
3 Years:22%
Last Year:9%

Last Updated: Unknown

Balance Sheet

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

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital15151529292929292929292929
Reserves2542623083645568391,0831,2631,4922,2942,7753,1133,696
Borrowings21125821413981457104952030373
Other Liabilities255254246266236303399213328422316296515
Total Liabilities7357887837999021,2151,5191,5161,8982,7513,1403,4684,614
Fixed Assets297293280267242238229217203276267253314
CWIP15100001002541
Investments383836367034362867958248701,7883,374
Other Assets3994524664965906356621,2929001,6512,0001,373925
Total Assets7357887837999021,2151,5191,5161,8982,7513,1403,4684,614

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +42-458136126284315-45117237968-411
Cash from Investing Activity +-47-22-4-11-11-280-276696-761-105-962371
Cash from Financing Activity +-3926-65-101-74-49-54-4337-62-5-9
Net Cash Flow-451-112441-44-15609-607701-49

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow66.00-125.00-205.00-100.00-7.00192.00339.00318.00225.00245.00-4.00569.00

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 Days485468636247475699845482
Inventory Days1181371099210993859515121481141
Days Payable837477814055802680634035
Cash Conversion Cycle831179974130855212517023694188
Working Capital Days394949445949388712213264209
ROCE %16%7%17%21%42%49%33%20%20%56%26%12%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters74.99%74.99%74.99%74.99%74.98%74.98%74.98%74.98%74.98%74.98%74.99%74.99%
FIIs0.67%1.02%2.54%1.77%1.68%1.54%1.52%1.82%1.88%2.14%1.87%1.80%
DIIs0.48%0.51%0.62%0.62%0.59%0.59%0.55%0.56%0.52%0.44%0.15%0.41%
Public23.86%23.48%21.86%22.62%22.75%22.90%22.96%22.62%22.63%22.42%23.00%22.80%
No. of Shareholders33,10933,64034,21735,17436,04936,21834,86133,39832,41233,21036,47534,600

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Motilal Oswal Nifty Microcap 250 Index Fund8,0550.150.888,0552024-12-190%
Groww Nifty Total Market Index Fund200.0108,0552024-12-19-99.75%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)119.87171.41281.0079.0276.27
Diluted EPS (Rs.)119.87171.41281.0079.0276.27
Cash EPS (Rs.)127.01178.36286.8284.3981.70
Book Value[Excl.RevalReserv]/Share (Rs.)1079.32963.33798.27522.62444.09
Book Value[Incl.RevalReserv]/Share (Rs.)1079.32963.33798.27522.62444.09
Revenue From Operations / Share (Rs.)593.83991.051027.98556.43628.95
PBDIT / Share (Rs.)162.12261.48377.99108.65102.64
PBIT / Share (Rs.)154.98254.54372.18103.2897.21
PBT / Share (Rs.)154.42218.76371.79102.8795.93
Net Profit / Share (Rs.)119.88171.41281.0279.0276.27
NP After MI And SOA / Share (Rs.)119.88171.44281.0279.3076.27
PBDIT Margin (%)27.3026.3836.7619.5216.31
PBIT Margin (%)26.0925.6836.2018.5615.45
PBT Margin (%)26.0022.0736.1618.4815.25
Net Profit Margin (%)20.1817.2927.3314.2012.12
NP After MI And SOA Margin (%)20.1817.2927.3314.2512.12
Return on Networth / Equity (%)11.1017.7935.2115.1717.18
Return on Capital Employeed (%)14.0226.0245.9619.2721.28
Return On Assets (%)10.0615.8929.7312.1614.64
Total Debt / Equity (X)0.000.000.000.020.01
Asset Turnover Ratio (%)0.520.971.320.941.20
Current Ratio (X)12.069.496.074.886.72
Quick Ratio (X)10.678.454.353.855.23
Inventory Turnover Ratio (X)2.822.512.022.303.43
Dividend Payout Ratio (NP) (%)5.003.502.130.0018.96
Dividend Payout Ratio (CP) (%)4.723.362.090.0017.70
Earning Retention Ratio (%)95.0096.5097.870.0081.04
Cash Earning Retention Ratio (%)95.2896.6497.910.0082.30
Interest Coverage Ratio (X)289.53339.81965.19263.5780.53
Interest Coverage Ratio (Post Tax) (X)215.09269.26718.58192.6960.84
Enterprise Value (Cr.)2798.581199.883764.841584.57387.56
EV / Net Operating Revenue (X)1.620.411.260.970.21
EV / EBITDA (X)5.931.583.425.011.30
MarketCap / Net Operating Revenue (X)1.650.801.290.960.55
Retention Ratios (%)94.9996.4997.860.0081.03
Price / BV (X)0.900.821.661.030.78
Price / Net Operating Revenue (X)1.650.801.290.960.55
EarningsYield0.120.210.210.140.21

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 481.39

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 December 22, 2024, is Overvalued by 58.93% compared to the current share price 1,172.00

Intrinsic Value of as of December 22, 2024 is: 508.66

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 December 22, 2024, is Overvalued by 56.60% compared to the current share price 1,172.00

Last 5 Year EPS CAGR: 5.66%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 26.58%, which is a positive sign.
  2. The company has higher reserves (1,407.62 cr) compared to borrowings (110.92 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (199.31 cr) and profit (218.08 cr) over the years.
  1. The stock has a high average Working Capital Days of 78.42, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 121.08, which may not be favorable.
  • 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 :
    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: 10.75%)
      • 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: 10%)
      • 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: 4.13 (Industry average Stock P/E: 32.71)
      • 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
      • 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.
INDUSTRYADDRESSCONTACT
Ferro AlloysIdeal Centre, 4th Floor, Kolkata West Bengal 700017kolkata@maithanalloys.com
http://www.maithanalloys.com
Management
NamePosition Held
Mr. S C AgarwallaChairman & Managing Director
Mr. Subodh AgarwallaWholeTime Director & CEO
Mr. Nand Kishore AgarwalDirector
Mr. Vivek KaulDirector
Mr. P K VenkatramaniDirector
Mr. Srinivas PeddiDirector
Mrs. Sonal ChoubeyAdditional Director

FAQ

What is the latest intrinsic value of Maithan Alloys Ltd?

The latest intrinsic value of Maithan Alloys Ltd as on 22 December 2024 is ₹481.39, which is 58.93% lower than the current market price of ₹1,172.00. The stock has a market capitalization of 3,411 Cr. and recorded a high/low of 1,359/955 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹3,696 Cr and total liabilities of ₹4,614 Cr.

What is the Market Cap of Maithan Alloys Ltd?

The Market Cap of Maithan Alloys Ltd is 3,411 Cr..

What is the current Stock Price of Maithan Alloys Ltd as on 22 December 2024?

The current stock price of Maithan Alloys Ltd as on 22 December 2024 is 1,172.

What is the High / Low of Maithan Alloys Ltd stocks in FY 2024-2025?

In FY 2024-2025, 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 4.13.

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 0.51 %.

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.

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 . 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