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Maithan Alloys Ltd share Price Today

Company details

1,144.15
1,189.95
834.70
1,335.50
6M Return 14.60%
1Y Return 36.62%
Mkt Cap.(Cr) 3,361.85
Volume 115,953
Div Yield 0.52%
OI
-
OI Chg %
-
Volume 115,953

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Iron & Steel Products firm Maithan Alloys announced Q1FY23 Result :

  • Total Revenue from Operations up by 80% YoY at Rs. 1,020.3 crores
  • Manufacturing EBITDA up by 152% YoY at Rs. 355.6 crores; Margins at 37.1%
  • Profit Before Tax (Excluding exceptional items) up by 152% YoY at Rs. 370.2 crores

Commenting on the results and performance, Mr. Subodh Agarwalla, Whole-time Director and CEO said: “We are delighted to announce that our company has reported highest ever quarterly revenue in Q1 FY23 despite the power cut issues faced at Vishakhapatnam plant and at our subsidiary Impex Metal & Ferro Alloys Ltd. The business environment was challenging on account of inflation, geopolitical situation and high energy costs. Our topline growth was aided by higher sales volumes and better realizations. Our wholly owned subsidiary IMPEX, have also done sizable volumes and operated at optimal capacity in Q1 FY23 except due to impact of power cuts.

Our company has incurred high power and coke & coal costs on account of market scenario, which has led to limited impact on our manufacturing EBIDTA margins. We had observed strong demand from both domestic and international markets. However, since the end of last quarter, prices of our products have reduced drastically with high impact on profitability margins.

Production at our Vishakhapatnam and IMPEX unit faced certain disturbances on account of 50% power supply cut from 8th April, 2022 to 17th May, 2022. Both units were permitted to draw full load from 18th May, 2022 onwards. Our other two manufacturing units at Kalyaneshwari, West Bengal and Byrnihat, Meghalaya operated at optimum capacity without any disruptions. India has remained resilient despite the weakening global Macro economic trends. Steel consumption is expected to remain strong driven by higher construction and infrastructure activities. Steel players in India are incurring capacity expansions which shall led to increased demand for ferro alloys.

We remain cautiously optimistic with the current geopolitical situation which may led to correction in commodity prices. We shall continue to monitor that situation. However, with our huge product basket and customized manganese alloys, we are confident of increasing our market share going ahead globally and also increasing our wallet share from existing customers.”

 

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Maithan Alloys Ltd shares SWOT Analysis

Strengths (10)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Strong QoQ EPS Growth in recent results
  • Growth in Net Profit with increasing Profit Margin (QoQ)

Weakness (3)

  • Degrowth in Revenue and Profit
  • Declining Net Cash Flow : Companies not able to generate net cash
  • Major fall in TTM Net Profit

Opportunity (2)

  • Big Deal (Insider and SAST) buys last month greater than 1% of total shares
  • RSI indicating price strength

Threats (2)

  • Companies with growing costs YoY for long term projects
  • Increasing Trend in Non-Core Income

Resistance and support

R1 1,181.8
R2 1,208.8
R3 1,227.6
Pivot

1,162.97

S1 1,136.0
S2 1,117.2
S3 1,090.2
EMA SMA
1,066.8
1,066.3
1,074.9
1,064.7
1,028.1
1,059.1
1,103.3
1,078.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-12-27 1276.91 220188 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2023-12-27 1278.58 220188 NSE
BHAGWATI SYNDICATE PRIVATE LIMITED Block Purchase 2021-05-03 838 133000 NSE
Name Category Shares
SIDDHARTHA SHANKAR AGARWALLA PROMOTER 16.8%
SUBHAS CHANDRA AGARWALLA PROMOTER 15.16%
SUBODH AGARWALLA PROMOTER 14.58%
PRAHLAD RAI AGARWALLA PROMOTER 10.86%
SHEELA DEVI AGARWALLA PROMOTER 7.27%
SUDHANSHU AGARWALLA PROMOTER 5.05%
SARITA DEVI AGARWALLA PROMOTER 2.29%
SONAM AGARWALLA PROMOTER 1.27%
Subhas Chandra Agarwalla HUF PROMOTER 1.18%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Maithan Alloys Ltd Stocks COMPARISON

Financials( in Cr) Maithan Alloys Ltd Indian Metals & Ferro Alloys Ltd Shyam Century Ferrous Ltd Visa Steel Ltd Nagpur Power & Industries Ltd
Price 1,154.80 722.25 19.25 23.75 137.50
% Change -1.87 -2.02 -2.04 -2.86 6.75
Mcap Cr 3,361.85 3,896.83 408.43 275.00 180.07
Revenue TTM Cr 2,884.95 2,602.95 180.99 657.48 43.83
Net Profit TTM Cr 498.99 507.70 26.64 1,660.28 -3.73
PE TTM 11.02 10.36 41.76 0.00 0.00
1 Year Return 36.62 150.04 8.15 108.33 106.21
ROCE 24.87 32.41 21.75 -3.89 0.00
ROE 19.46 34.34 15.88 10.39 0.00
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 2,812.25 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 22,235.36 6,962.55
LAST 3M 82,992.21 54,903.33
LAST 6M 132,133.63 84,033.60
LAST 12M 206,189.80 211,987.34

Maithan Alloys Ltd Information

Stock PE (TTM)
11.02
Promoter Holding
74.99%
Book Value
999.1607
ROCE
24.87%
ROE
19.46%
Description
  • Maithan Alloys Limited is manufacturer and exporter of all three bulk Ferro alloys- Ferro Silicon, Ferro Manganese and Silico Manganese and has a captive power plant. It is also engaged in the generation and supply of Wind Power and has a Captive Power Plant. Headquartered in Kolkata, the company is promoted and managed by the Asansol-based Agarwalla family that possesses extensive multidecade industry experience and exposure. The Company`s manufacturing facilities are located at Kalyaneshwari (near Asansol, West Bengal) and Ri-Bhoi (Meghalaya). The Company has a manufacturing facility at APSEZ Vishakapatnam (Andhra Pradesh), through its subsidiary. Maithan Alloys Limited was incorporated in the year 1985. The Company commenced commercial production in 1997 with 10 MVA; it grew its installed capacity by 7.5 MVA in 2000 and 8.25 MVA in 2004 when the market for manganese alloys was weak, indicating its commitment to the business. Further 24MVA was added in 2007 This was followed by setting a new unit with 15 MVA furnace capacity along with 15 MW powerplant in Meghalaya. The result is a capital cost per MVA that is attractively lower than the prevailing greenfield benchmark. As of March 31, 2010, it had a manufacturing capacity of 64 megavolt ampere. As of March 31, 2010, the Company had an installed capacity of 1,15,600 million tons of ferro alloys, and 3.75 megawatts of wind mill. During the fiscal year ended March 31, 2010 (fiscal 2010), it generated 6,223,507 kilowatt hour of power. During fiscal 2010, its Kalyaneshwari unit produced 58,275 million tons, and the Meghalaya unit produced 18,176 million tons. During fiscal 2010, the Company started its Meghalaya operation with 15 megavolt ampere and captive power generation. Anjaney Alloys Limited became `wholly owned subsidiary company` of Company during the year 2012-13 through acquisition of 1,53,75,000 Equity shares of Rs. 10/- each by Maithan Alloys Limited. Anjaney Alloys Limited, a wholly owned subsidiary of the Company was amalagamated with the Company in year 2016 through the Scheme of Amalgamation, which became operative on 4th May, 2016. As a result, the undertakings including all assets and liabilities of Anjaney Alloys Limited was transferred and vested into Maithan Alloys Limited (the Company) with retrospective effect from 1st April, 2015. However, due to amalgamation of Anjaney Alloys Limited, the wholly owned subsidiary of the Company, with Maithan Alloys Limited, there remains two subsidiaries of the Company namely M/s. Anjaney Minerals Limited and M/s. AXLExploration Pvt. Ltd. for the year ending 31st March, 2016. During year 2017-18, the Company acquired entire equity shares of Salanpur Sinters Private Limited and beneficial interest in remaining 6 equity shares of Anjaney Minerals Limited. Consequently, both Salanpur Sinters Private Limited and Anjaney Minerals Limited became whollyowned subsidiaries of the Company, with effect from 28 November 2017. Bhagwati Syndicate Pvt. Ltd. (BSPL), a member of the Promoter Group of Company, through a Scheme of Amalgamation became owner of additional 1,57,56,576 shares representing 54.12% of the paid-up share capital of the Company which were hitherto cumulatively held by other Corporate Members of Promoter Group of the Company namely Aaklavya (India) Pvt. Ltd., Anupam Vanijya Private Limited, Dipajyoti Resources Pvt. Ltd., H. S. Consultancy Pvt. Ltd., Jibralter Traders Ltd., Jyobina Investment Ltd., Maithan Smelters Private Limited, Shakti Auto Finance Pvt. Ltd., Sumee Trading Pvt. Ltd., Summit Packaging Pvt. Ltd. and Unmukt Tracom Pvt. Ltd., as they stand amalgamated into BSPL with an effective date of 14 January 2020. Accordingly, holding of BSPL in the Company became 1,61,86,576 shares representing 55.60% of the paid-up share capital of the Company. Consequently, BSPL became holding company of Maithan Alloys Limited. `Maithan Ferrous Private Limited` was incorporated on 5 December 2019 as a wholly-owned subsidiary of Company. The Board of Directors of the Company in its meeting held on 5 May 2021 approved a Composite Scheme of Arrangement amongst Ma Kalyaneshwari Holdings Private Limited (MKH or Demerged Company or Transferor Company) and Anjaney Land Assets Private Limited (ALAPL or Resulting Company) and Maithan Alloys Limited (MAL or Transferee Company or Company) and their respective shareholders and creditors, for the demerger of Real Estate and Ancillary Business of MKHPL into ALAPL and thereafter amalgamation of MKHPL into MAL with the Appointed Date being same as the Effective Date. During the year 2021-22, Impex Metal & Ferro Alloys Limited became wholly-owned subsidiary of Company.

Registered Address

Ideal Centre 4th Floor, 9 A J C Bose Road, Kolkata, West Bengal, 700017

Tel : 91-33-64502228
Email : office:maithanalloys.com
Website : http://www.maithanalloys.com
Registrar

Maheshwari Datamatic Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 590078
NSE Code : MAITHANALL
Book Closure Date (Month) : Sep
BSE Group : B
ISIN : INE683C01011

FAQ’s on Maithan Alloys Ltd Shares

You can buy Maithan Alloys Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Maithan Alloys Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Apr 12, 2024 04:05 PM the closing price of Maithan Alloys Ltd was ₹ 1,154.80.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Apr 12, 2024 04:05 PM, the market cap of Maithan Alloys Ltd stood at ₹ 3,361.85.

The latest PE ratio of Maithan Alloys Ltd as of Apr 12, 2024 04:05 PM is 11.02

The latest PB ratio of Maithan Alloys Ltd as of Apr 12, 2024 04:05 PM is 0.87

The 52-week high of Maithan Alloys Ltd share price is ₹ 1,335.50 while the 52-week low is ₹ 834.70

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