MAANALUCommodities

Maan Aluminium Limited

Aluminium · ISIN INE215I01027 · BSE 532906 · NSE EQ · FV ₹5
Last price
₹103
-0.50%today
What this company does

Maan Aluminium Limited operates in Aluminium, part of the Commodities sector. It booked ₹232 cr of revenue in its latest quarter (Q1 FY27) and kept 1.6% of sales as profit. It is the 5th largest of 6 Aluminium companies we track, by market value.

In the report:
46out of 100
Equitytale Health Score
Mixed

Healthier than 46% of companies in Commodities, on all six measures of filed financials. Each measure is ranked against the 91–173 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
oversold
RSI (14)
27

At close. Not part of the score.

Profitability & returns26

How much profit it earns on the money it employs

Balance sheet59

How much it owes, and whether earnings cover the interest

Cash quality57

Whether reported profit actually arrives as cash

Growth & consistency46

Whether sales and profit have grown, and how steadily

Valuation18

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 10% vs last year
Profit up 37% vs last year
Promoters hold 56%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Thin 1.6% net margin
! Low 5.4% return on equity

What if I invest in MAANALU?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹103 -0.50%
latest close · 2026-09-17
52-wk low ₹10142 sessions so far52-wk high ₹132
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio41.5High
LowAverageHigh
P/B ratio2.25Moderate
Below bookModerateHigh
EV / EBITDA23.7High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity5.4%Weak
WeakFairStrong ▸15%
Return on capital7.0%Weak
WeakFairStrong
Net margin1.6%Thin
ThinDecentStrong
EBITDA margin3.1%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.20Comfortable
LowModerateHigh ▸1
Interest cover6.5×Strong
RiskyOkayStrong ▸5×
Current ratio3.03Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹617 cr
Book value
₹46
EPS
₹0.62
latest quarter
Net debt
₹54 cr
owes more than its cash
Enterprise value
₹671 cr
EBITDA
₹28 cr
annualised
EBIT
₹20 cr
annualised
Operating margin
2.2%
Return on assets
4.1%
Earnings yield
2.41%
P/S
0.67
Sales / share
₹154.6
Tax rate
13.7%
Face value
₹5
Shares
6.0 cr
Working capital
₹149 cr
Current assets
₹222 cr
Current liabilities
₹73 cr
Delivery %
64.0%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹20₹33, midpoint ₹26

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹232 cr
Other Income₹2 cr
Total Income₹234 cr
Cost of Materials₹62 cr
Purchases of Stock-in-Trade₹150 cr
Inventory Change (±)₹-3 cr
Employee Benefit Expense₹5 cr
Finance Costs₹78 L
Depreciation & Amortisation₹2 cr
Other Expenses₹13 cr
Total Expenses₹229 cr
Profit before Tax₹4 cr
Tax Expense₹59 L
Net Profit₹4 cr
Net margin on total income1.6%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹209 cr89.4%
Employee benefit expense₹5 cr2.1%
Finance costs₹78 L0.3%
Depreciation & amortisation₹2 cr0.8%
Other expenses₹13 cr5.5%
Tax expense₹59 L0.3%
Profit for the period₹4 cr1.6%
Total income ₹234 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue152 cr255 cr232 cr
Total income153 cr258 cr234 cr
Expenses150 cr256 cr229 cr
Profit before tax4 cr3 cr4 cr
Tax97 L81 L59 L
Net profit (owners' share)3 cr2 cr4 cr
Net margin (owners' share, on revenue)1.9%0.7%1.6%
EPS (₹)0.520.290.62
YoY (latest quarter): total income +9.6% · net profit +36.6%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹363 cr
Shareholder equity
₹275 cr
parent shareholders
Total debt
₹54 cr
Cash
₹9 L
Cash flow · H1 FY26
Operating
₹14 cr
Investing
₹-3 cr
Financing
₹-11 cr
Peer comparison
Aluminium · by market value
CompanyPriceMarket capP/E
Hindalco Industries Limited₹981₹2.18 L cr7.8
Vedanta Aluminium Metal Limited₹404₹1.58 L cr7.0
National Aluminium Company Limited₹356₹65,329 cr8.2
Arfin India Limited₹88₹1,483 cr91.5
Maan Aluminium Limitedthis company₹103₹617 cr41.5
Manaksia Aluminium Company Limited₹36₹235 cr20.8
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹1
ex 16 Feb 2023
ActionDetailEx-date
Stock splitStock Split From Rs.10/- to Rs.5/-27 Jul 2023
Bonus issue1:127 Jul 2023
Dividend₹1 / share16 Feb 2023
Dividend₹1 / share18 Nov 2022
Dividend₹1 / share12 Aug 2022
Dividend₹1 / share18 Feb 2022
Who owns it · 2026-06-30
No pledge
Promoter
55.8%
FII / Foreign
0.0%
DII / Domestic
1.7%
Retail / others
42.5%
Promoter stake down 4.9% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtPRITI JAIN · Promoters1.05 L · ₹1.5 cr16 Jan 26
BoughtRavinder Nath Jain · Promoters12.27 L · ₹17.3 cr16 Jan 26
BoughtDIPTI JAIN · Promoters1.05 L · ₹1.5 cr16 Jan 26
Bulk / block deals
BoughtNIDA MIRZA · NSE5.40 L @ ₹86.0119 Mar 25
SoldMIRZA SHUJA · NSE5.40 L @ ₹8619 Mar 25
BoughtISHAAN TRADEFIN LLP · NSE3.00 L @ ₹174.576 Nov 24
Stake changes
BoughtMr. Ravinder Nath Jain, Ms. Alka Jain, Ms. Priti Jain, Dipti Jain · promoter→ 55.82% · 16.46 L16 Jan 26
SoldRavinder Nath Jain · promoter→ 40.70% · 25.00 L31 Aug 23
SoldPriti Jain · promoter→ 5.05% · 88,76128 Jun 23
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Special shareholder meeting · 29 Nov 2025
See the official result
1
ALTERATION IN THE ARTICLES OF ASSOCIATION OF THE COMPANY
Backed by 100% of shareholders other than promotersneeded 75%
7.26 L votes for, 56 against · 0% of mutual funds and other big investors said no
2
ISSUE OF EQUITY SHARES ON PREFERENTIAL BASIS
Backed by 100% of shareholders other than promotersneeded 75%
7.26 L votes for, 56 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 4 named members
owning 55.8% between them · as of 2026-06-30
Ravinder Nath Jain37.08%
Alka Jain9.37%
Priti Jain4.69%
Dipti Jain4.68%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹83 cr raised in Jan 2026 by selling shares to selected investors

As of Mar 2026, the company says it has spent 55% of what it set aside, leaving ₹38 cr still to be spent.

Capital expenditure on the project for aluminum extrusion, tubbing and other value-added processes
6%
₹2 cr of ₹40 cr
To meet the working capital requirements of the Company
100%
₹28 cr of ₹28 cr
General Corporate Purpose
100%
₹15 cr of ₹15 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.