Maan Aluminium Limited
NSE: MAANALU · Aluminium · sector
₹87.92NSE close 2026-10-26
Key numbers
Market cap₹527 cr
Price₹87.92
52w high / low₹185 / ₹88
P/E35.2xSector median 11.2x
P/B1.9xSector median 1.8x
Book value₹45.8
Dividend yield–Sector median 0.56%
ROE6.2%Sector median 11.7%
ROCE7.0%Sector median 17.4%
OPM2.5%Sector median 7.5%
Debt / equity0.20xSector median 0.67x
EV/EBITDA26.0xSector median 8.6x
Interest cover4.9x
Current ratio3.03x
Sales growth 3y-0.2%Sector median +6.9%
Profit growth 3y-36.1%Sector median +9.9%
PEG–
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 15 companies in Aluminium (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹47 cr vs borrowings ₹54 cr (FY26): borrowings are higher by ₹7 cr.
- Operating profit covered interest 4.9x in the last 12 months.
- No promoter shares are pledged.
- Promoter holding fell by 3.05 percentage points in a year, to 55.82% (2026-09-30).
- Operating cash flow was below net profit in 3 of the last 5 years (FY25, FY23, FY22).
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Other income was 73% of net profit in the last 12 months.
- Dividend paid in 2 of the last 5 financial years.
- Price ₹87.92 on 2026-10-26: -52.4% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹237.34 · low ₹80.47
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 205 | 182 | 246 | 211 | 191 | 152 | 255 | 232 |
| EBITDA | 8 | 5 | 8 | 5 | 8 | 6 | 2 | 5 |
| OPM % | 3.7% | 2.6% | 3.1% | 2.3% | 4.2% | 3.7% | 0.6% | 2.3% |
| Other income | 1 | 1 | 1 | 2 | 3 | 2 | 4 | 2 |
| Net profit | 5 | 3 | 4 | 3 | 6 | 3 | 2 | 4 |
| EPS (₹) | 0.95 | 0.56 | 0.73 | 0.50 | 1.07 | 0.52 | 0.29 | 0.62 |
| Revenue YoY | -7.0% | -16.6% | +3.5% | +9.8% | ||||
| Profit YoY | +12.5% | -7.2% | -56.9% | +36.6% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 572 | 814 | 953 | 810 | 809 | 829 |
| EBITDA | 33 | 71 | 45 | 25 | 20 | 21 |
| Net profit | 22 | 50 | 33 | 16 | 13 | 14 |
| EPS (₹) | 16.26 | 36.96 | 6.06 | 2.87 | 2.35 | 2.50 |
| Revenue growth | +42.2% | +17.1% | -15.0% | -0.2% | -1.8% | |
| Profit growth | +127.3% | -34.5% | -52.6% | -16.0% | -5.5% | |
| Dividend / share (₹) | 1.00 | 3.00 | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -0.2% | +15.0% | -1.8% |
| Net profit | -36.1% | -2.5% | -5.5% |
| EPS | -60.1% | -36.0% | – |
| Share price | – | -34.3% (2y) | -27.6% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 130 | 163 | 178 | 275 |
| Borrowings | – | 55 | 32 | 90 | 54 |
| Cash & equivalents | – | 3 | 5 | 6 | 47 |
| Total assets | – | 225 | 225 | 300 | 363 |
| Fixed assets | – | 50 | 53 | 105 | 106 |
| Capital work in progress | – | 1 | 2 | 0 | 16 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 116 | 89 | 104 | 91 |
| Inventory | – | 35 | 40 | 58 | 67 |
| Payables | – | 30 | 21 | 20 | 22 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 15 | 29 | 33 | 0 | 18 |
| Cash from investing | -7 | -10 | -6 | -54 | -60 |
| Cash from financing | -14 | -19 | -27 | 54 | 42 |
| Capex | 12 | 10 | 9 | 56 | 25 |
| Free cash flow | 3 | 19 | 25 | -56 | -7 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 38.4% | 20.1% | 8.7% | 4.7% |
| ROCE % | – | 38.8% | 24.4% | 9.3% | 7.0% |
| Debtor days | – | 52 | 34 | 47 | 41 |
| Inventory days | – | 20 | 17 | 30 | 34 |
| Payable days | – | 17 | 9 | 10 | 11 |
| Cash conversion cycle (days) | – | 55 | 42 | 67 | 64 |
| Working capital days | – | 36 | 35 | 39 | 67 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 55.82% |
| FIIs | 0.05% |
| DIIs | 1.59% |
| of which Mutual funds | 0.00% |
| of which Insurance | 0.00% |
| Government | 0.00% |
| Public (non-institutions) | 42.54% |
| Quarter | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Jan 2026 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 58.87% | 58.87% | 58.87% | 58.87% | 55.82% | 55.82% | 55.82% | 55.82% |
| Promoter group | % |
|---|---|
| Ravinder Nath Jain | 37.08% |
| Alka Jain | 9.37% |
| Priti Jain | 4.69% |
| Dipti Jain | 4.68% |
| Public holders above 1% | % |
|---|---|
| Shanti Capinvest Private Limited | 2.08% |
| Jatinder Jagdishrai Agarwal | 2.07% |
| Dugar Growth Fund Private Limited | 1.91% |
| Pgim India Equity Growth Opportunities Fund Series II | 1.59% |
| Investor Education and Protection Fund Authority Ministry of Corporate Affairs | 1.52% |
| Shuja Mirza | 1.14% |
| Dynavision Ventures LLP | 1.06% |
30,248 shareholders. Pledged: 0.00% of promoter shares.
Peers in Aluminium
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| HINDALCO | ₹1,96,614 cr | 12.0x | 1.4x | 12.6% | 11.1% | 10.7% | +7.2% | 0.56% |
| VAML | ₹68,502 cr | – | – | – | – | – | – | – |
| NATIONALUM | ₹57,377 cr | 8.5x | 2.6x | 34.3% | 42.2% | 47.4% | +7.8% | 3.52% |
| ARFIN | ₹1,449 cr | 78.8x | 8.5x | 10.8% | 15.2% | 6.9% | – | 0.13% |
| MAANALU | ₹527 cr | 35.2x | 1.9x | 6.2% | 7.0% | 2.5% | -0.2% | – |
| MSAFE | ₹474 cr | 18.6x | 6.1x | 28.9% | 42.8% | 39.5% | – | – |
| PGFOILQ | ₹221 cr | 6.8x | 0.7x | -1.0% | 2.3% | 0.9% | -1.9% | – |
| MANAKALUCO | ₹183 cr | 20.9x | 1.3x | 6.4% | 10.6% | 8.7% | +6.5% | 0.25% |
| PALCO | ₹79 cr | 10.3x | 4.4x | 51.6% | 30.3% | 4.5% | +1,703.2% | – |
| HINDALUMI | ₹55 cr | 14.7x | 0.6x | 4.2% | -1.4% | -22.7% | +44.7% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-09-19 | Other | Annual General Meeting |
| 2023-07-27 | Bonus | Bonus 1:1 |
| 2023-07-27 | Split | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 5/- Per Share |
| 2023-07-12 | Other | Annual General Meeting |
| 2023-02-16 | Dividend | Interim Dividend - Re 1 Per Share |
| 2022-11-18 | Dividend | Interim Dividend - Re 1 Per Share |
| 2022-08-12 | Dividend | Interim Dividend - Re 1 Per Share |
| 2022-07-21 | Other | Annual General Meeting |
| 2022-02-18 | Dividend | Interim Dividend - Re 1 Per Share |
| 2021-08-02 | Bonus | Bonus 1: 1 |
| 2021-07-15 | Other | Annual General Meeting |
| 2020-11-19 | Dividend | Interim Dividend - Re 1 Per Share |
| 2020-09-21 | Other | Annual General Meeting |
| 2020-02-18 | Dividend | Interim Dividend - Re 1 Per Share |
| 2019-09-19 | Other | Annual General Meeting |
| 2018-11-20 | Dividend | Interim Dividend - Re 1 Per Share |
| 2018-08-02 | Other | Annual General Meeting |
| 2018-04-05 | Dividend | Interim Dividend - Re 1 Per Share (Purpose Revised) |
| 2017-07-10 | Bonus | Bonus 1:1 |
| 2017-06-16 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Commodities |
| Industry | Aluminium |
| Sub-industry | Aluminium |
| Symbol | MAANALU |
| BSE code | 532906 |
| ISIN | INE215I01027 |
| Face value | ₹5.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.