Maan Aluminium Limited (MAANALU) AI Stock Analysis

• Market Cap: ₹8.36B
• Dividend Yield: N/A
• Average Volume (3M): 11.62K
• Price to Earnings (P/E): 54.0
• Beta (1Y): 0.74
• Revenue Growth: -0.28%
• EPS Growth: -33.35%
• Country: IN
• Employees: 225
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Aluminum
• EPS (TTM): 1.07
• Shares Outstanding: 54,084,866
• 10 Day Avg. Volume: 29,370
• 30 Day Avg. Volume: 11,620
• PEG Ratio: -0.53
• Price to Book (P/B): 2.44
• Price to Sales (P/S): 0.54
• P/FCF Ratio: -7.73
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 67 Neutral
• Price Target: ₹185.00 ▲(18.70% Upside)

The overall stock score of 67.4 reflects strong technical momentum and a solid financial foundation, despite challenges in profitability and cash flow stability. The high P/E ratio suggests potential overvaluation, which is a significant risk factor. The absence of earnings call data and corporate events means these factors did not influence the score.

Positive Factors

Revenue Streams

Diverse revenue streams from construction and automotive sectors provide stability and reduce dependency on any single market.

Balance Sheet Health

A strong equity base and reasonable leverage indicate financial stability, supporting long-term growth and investment capacity.

Market Position

As a leading player in the aluminium sector, the company benefits from established market presence and brand recognition.

Negative Factors

Profitability Challenges

Declining profitability margins and volatile cash flows may hinder the company's ability to reinvest and grow sustainably.

Cash Flow Volatility

Volatile cash flows can limit the company's ability to fund operations and capital expenditures, impacting long-term financial health.

Cost Pressures

Rising costs could further compress margins, affecting profitability and competitiveness in the market.

Maan Aluminium Limited Business Overview & Revenue Model

Company Description

Maan Aluminium Limited (MAANALU) is a leading manufacturer and supplier of aluminium products, specializing in a diverse range of sectors including construction, automotive, and aerospace. The company focuses on producing high-quality aluminium extrusions, sheets, and fabricated components, catering to both domestic and international markets. With a commitment to innovation and sustainability, MAANALU aims to provide tailored solutions that meet the evolving needs of its clients, while ensuring stringent quality standards and environmental compliance.

How the Company Makes Money

Maan Aluminium Limited generates revenue primarily through the production and sale of aluminium products. The company's revenue model is built on multiple key streams, including direct sales to manufacturers in the construction and automotive industries, as well as partnerships with distributors and retailers. Moreover, MAANALU capitalizes on value-added services such as custom fabrication and finishing processes, which allow them to charge premium prices for specialized products. Significant contracts with large-scale construction projects and long-term agreements with automotive manufacturers also contribute to stable income. Additionally, the company may benefit from fluctuations in global aluminium prices, enabling strategic pricing adjustments to enhance margins.

Maan Aluminium Limited Financial Statement Overview

Summary

Maan Aluminium Limited demonstrates strong revenue growth and a solid balance sheet, yet faces challenges in sustaining profitability margins and free cash flows. While the company is positioned well with a strong equity base, it must address cost management and cash flow stability to enhance future financial performance.

Income Statement

The income statement shows a solid trajectory with positive revenue growth, although profitability has faced some challenges. The gross profit margin has seen a decline from previous highs, indicating increased cost pressures. However, consistent revenue growth and net profit margins above industry average are positive indicators despite recent declines in EBIT and EBITDA margins.

Balance Sheet

The company's balance sheet reflects strong equity growth and a reasonable debt-to-equity ratio, indicating sound financial health. The equity ratio is healthy, showcasing a robust capital structure, though the increasing leverage could pose future risks if not managed carefully. The return on equity remains strong, reflecting efficient utilization of shareholder funds.

Cash Flow

Cash flow analysis reveals volatility, with significant fluctuations in free cash flow. The negative free cash flow in the latest period is concerning, although historical operating cash flows have been positive. The company needs to stabilize its cash generation to support future growth and capital expenditures effectively.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	8.45B	8.10B	9.53B	8.14B	5.72B	4.03B
Gross Profit	891.70M	739.30M	1.18B	1.28B	602.13M	617.75M
EBITDA	309.90M	304.20M	523.38M	764.47M	369.20M	269.56M
Net Income	148.50M	155.10M	327.49M	499.71M	219.79M	147.96M
Balance Sheet
Total Assets	0.00	3.00B	2.25B	2.25B	1.71B	1.60B
Cash, Cash Equivalents and Short-Term Investments	61.40M	61.40M	51.72M	29.31M	4.27M	61.38M
Total Debt	0.00	901.60M	326.03M	561.08M	655.98M	731.53M
Total Liabilities	-1.78B	1.21B	620.03M	946.14M	870.69M	961.72M
Stockholders Equity	1.78B	1.78B	1.63B	1.30B	843.73M	640.59M
Cash Flow
Free Cash Flow	0.00	-564.40M	249.47M	186.93M	31.50M	-307.83M
Operating Cash Flow	0.00	-9.70M	334.75M	290.24M	150.97M	-194.92M
Investing Cash Flow	0.00	-565.40M	-63.10M	-101.69M	-73.24M	-123.53M
Financing Cash Flow	0.00	575.00M	-272.02M	-188.65M	-138.09M	379.24M

Maan Aluminium Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 155.85
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MAANALU, the sentiment is Neutral. The current price of 155.85 is below the 20-day moving average (MA) of 159.37, above the 50-day MA of 150.33, and above the 200-day MA of 121.08, indicating a neutral trend. The MACD of -0.48 indicates Positive momentum. The RSI at 46.02 is Neutral, neither overbought nor oversold. The STOCH value of 18.06 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:MAANALU.

Maan Aluminium Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OCCL	72 Outperform	₹1.29B	12.32	―	10.99%	-76.65%	-76.77%
MAANALU	67 Neutral	₹8.36B	53.98	―	―	-0.28%	-33.35%
MANAKSIA	67 Neutral	₹4.32B	8.60	―	―	51.38%	-19.06%
MANAKSTEEL	65 Neutral	₹4.12B	22.89	―	―	49.22%	49.59%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
MANAKALUCO	61 Neutral	₹3.55B	56.12	―	0.28%	19.61%	21.47%
MMP	58 Neutral	₹6.51B	27.95	―	0.78%	26.79%	-35.43%

Maan Aluminium Limited Corporate Events

Maan Aluminium Gets Exchange Nod for ₹141-Per-Share Preferential Issue

Maan Aluminium Limited has received in-principle approvals from both the National Stock Exchange of India and BSE to issue 5.9 million equity shares of face value Rs 5 each at a price not less than Rs 141 per share on a preferential basis to a mix of promoter and non-promoter investors. The approvals, which are subject to statutory and regulatory compliances, pave the way for a potential capital infusion that could strengthen the company’s balance sheet and shareholder base, although final listing will depend on fulfilment of all conditions laid down by the exchanges and other authorities.

Maan Aluminium Limited Conducts EGM to Amend Articles and Issue Shares

Maan Aluminium Limited held an Extraordinary General Meeting (EGM) on November 29, 2025, via video conferencing in compliance with relevant regulations. The meeting was chaired by Mr. Ravinder Nath Jain, with necessary quorum confirmed, and involved discussions on special resolutions concerning alterations to the Articles of Association and the issuance of equity shares on a preferential basis. The company provided remote e-voting facilities for shareholders, and results will be announced to stock exchanges and published on the company’s website.

Maan Aluminium Limited Discloses EGM Voting Results

Maan Aluminium Limited held an Extraordinary General Meeting (EGM) on November 29, 2025, conducted via video conferencing. The company submitted the scrutinizer’s report and voting results to the stock exchanges, complying with SEBI regulations. This meeting and subsequent disclosures are part of the company’s regulatory obligations, ensuring transparency and accountability to its stakeholders.

Maan Aluminium Releases Q2 FY ’26 Earnings Call Transcript

Maan Aluminium Limited has released the transcript of its Q2 FY ’26 earnings conference call, which was held on November 17, 2025. The release of this transcript is in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This announcement provides stakeholders with insights into the company’s financial performance and strategic direction, potentially impacting investor confidence and market positioning.

Maan Aluminium Releases Q3 2025 Investor Call Recording

Maan Aluminium Limited has announced the availability of an audio recording of their investor conference call, which was held to discuss the company’s financial performance for the quarter ending September 30, 2025. This release is part of their compliance with the Securities and Exchange Board of India’s regulations, aiming to maintain transparency and keep stakeholders informed about the company’s financial health.

Maan Aluminium Schedules Q2 FY26 Earnings Call

Maan Aluminium Limited has announced an upcoming Earnings Conference Call scheduled for November 17, 2025, to discuss its operational and financial performance for the second quarter of the fiscal year 2026. This call is a part of the company’s commitment to transparency and communication with its investors and analysts, following the release of its financial results for the quarter ended September 30, 2025. The conference call will provide insights into the company’s performance and future outlook, potentially impacting stakeholders’ perceptions and investment decisions.

Maan Aluminium to Hold EGM for Strategic Capital Resolutions

Maan Aluminium Limited has announced an Extraordinary General Meeting (EGM) scheduled for November 29, 2025, to be conducted via video conferencing. The meeting will address two key resolutions: the alteration of the Articles of Association to allow for the issuance of securities on a preferential or private placement basis, and the issuance of up to 5.9 million equity shares at a price of Rs. 141 per share to both promoter and non-promoter entities. This strategic move aims to strengthen the company’s capital structure and potentially enhance its market positioning.