MOIL Limited is engaged in mining mineral raw materials, primarily manganese ore. It has been recognised as a Miniratna Category-1 company by the Government of India and currently operates 11 mines across the country. The company was founded in 1962, and at present, it has seven mines in Maharashtra and four in Madhya Pradesh. Several of these mines have been active for more than a century. With an annual production of around 1.1 million tonnes, MOIL Limited is on a mission to promote renewable energy sources by installing wind energy farms of 4.8 MW at Nagda Hills and 15.2 MW at Ratedi Hills.
15 December 2022, the market capitalisation of the company was Rs 3,439.9 crore. It reported consolidated sales of Rs 225.9 crore at the end of September 2022. The company is listed on the Bombay Stock Exchange with the code 533286 and the National Stock Exchange with the code MOIL.
On 30 June 2022, the company’s shareholding pattern indicated a promoter stake of 64.68%, a 5.76% stake of foreign institutional investors, and others held a stake of 17.56%. The government of India is the leading promoter of the company. The company’s shareholding pattern has remained largely consistent over the past year.
The company’s board of directors comprises M P Chaudhari, Sukhveer Singh, Sukriti Likhi, Archana Majumdar, Deepak Singh, Dinesh Gupta, Mangesh P Kinare, and Prashanth Vashishta, Rakesh Tumane, and others. The auditors are Demble Ramane and Company. On 30 June 2022, the company had a total of 20.35 crore shares outstanding.
On 15 December 2022, MOIL Ltd.’s share price on BSE was Rs 169.30, and it was Rs 169.45 on NSE. The share price touched a 52-week high of Rs 197.4 and a 52-week low of Rs 137.3. Its three-month return to investors was 2.3%, while its one-year return was -2.53%.
As of November 2022, UTI Midcap Direct- G had invested Rs 27.4 crore in the company, while UTI Dividend Yield Direct-G and UTI Small Cap Fund Direct-G had invested Rs 14.8 and Rs 5.08 crore, respectively.
The company’s peers include Coal India Limited, NMDC, and KIOCL.
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MOIL share price as on 25 Apr 2024 is Rs. 392.75. Over the past 6 months, the MOIL share price has increased by 72.52% and in the last one year, it has increased by 160.53%. The 52-week low for MOIL share price was Rs. 149 and 52-week high was Rs. 407.85.
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