Maithan Alloys Ltd. (MAITHANALL) AI Stock Analysis

• Market Cap: ₹32.03B
• Dividend Yield: 1.46%
• Average Volume (3M): 3.21K
• Price to Earnings (P/E): 4.5
• Beta (1Y): 1.22
• Revenue Growth: 21.34%
• EPS Growth: -4.84%
• Country: IN
• Employees: 521
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): 184.17
• Shares Outstanding: 29,111,550
• 10 Day Avg. Volume: 2,990
• 30 Day Avg. Volume: 3,211
• PEG Ratio: 0.05
• Price to Book (P/B): 0.70
• Price to Sales (P/S): 1.46
• P/FCF Ratio: 134.07
• 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: ₹1,242.00
• Price Target Upside: 15.11% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 74 Outperform
• Price Target: ₹1,242.00 ▲(15.11% Upside)

Maithan Alloys Ltd. scores well due to its strong financial performance and attractive valuation. The company's robust profitability and solid balance sheet are significant strengths, though operational cash flow generation needs improvement. Technical analysis suggests moderate bullish momentum, supporting the overall positive outlook.

Maithan Alloys Ltd. Business Overview & Revenue Model

Company Description

Maithan Alloys Limited manufactures and exports ferro alloys. The company provides ferro manganese, silico manganese, and ferro silicon products. It is also involved in the generation and supply of wind power. The company serves steel companies in India and internationally. Maithan Alloys Limited was incorporated in 1985 and is based in Burdwan, India.

How the Company Makes Money

Maithan Alloys Ltd. generates revenue primarily through the production and sale of ferro alloys, which are essential for steel manufacturing. The company's key revenue streams include domestic sales within India and export sales to international steel manufacturers. By leveraging its state-of-the-art production facilities and strategic location advantages, Maithan Alloys is able to maintain cost-efficiency and competitive pricing. Additionally, the company's long-term relationships with major steel producers facilitate steady demand for its products. Maithan Alloys also benefits from favorable industry conditions, such as increased steel production and infrastructure development, which drive the demand for ferro alloys.

Maithan Alloys Ltd. Financial Statement Overview

Summary

Maithan Alloys Ltd. exhibits strong financial health with notable strengths in profitability and a solid balance sheet characterized by low leverage and high equity. The income statement reflects strong revenue growth and profitability, though there are some operational efficiency concerns. While cash flow has improved, further enhancement in cash flow generation from operations is needed.

Income Statement

Maithan Alloys Ltd. shows a solid income statement with consistent revenue growth and strong profitability metrics. The gross profit margin improved from 17.96% to 21.22%, indicating efficient cost management. The net profit margin also increased from 20.19% to 34.89%, reflecting robust bottom-line growth. However, a notable decrease in EBIT margin from 15.56% to 8.48% may indicate some operational challenges. Overall, the company demonstrates strong revenue and profit growth, though operational efficiency could be improved.

Balance Sheet

The balance sheet of Maithan Alloys Ltd. is robust, with a strong equity position and low leverage. The debt-to-equity ratio is low at 0.16, showcasing minimal reliance on debt financing. The return on equity is impressive at 16.82%, indicating effective utilization of shareholders' funds. The equity ratio stands at 77.28%, highlighting a stable financial structure with a high proportion of assets financed by equity. The company maintains a healthy balance sheet with low financial risk.

Cash Flow

Cash flow analysis reveals some challenges, despite an improvement in free cash flow from negative to positive $196 million. The operating cash flow to net income ratio is low at 0.08, suggesting that cash generation from operations is not keeping pace with net income. The free cash flow to net income ratio is also modest at 0.03. While the positive shift in free cash flow is a positive trend, operational cash flow generation remains an area for improvement.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	20.63B	18.06B	17.29B	28.85B	29.17B	15.78B
Gross Profit	4.46B	3.83B	3.15B	9.28B	13.78B	3.97B
EBITDA	10.29B	8.97B	4.71B	6.61B	11.03B	3.18B
Net Income	7.10B	6.30B	3.49B	4.99B	8.18B	2.31B
Balance Sheet
Total Assets	0.00	48.49B	34.68B	31.40B	27.51B	18.98B
Cash, Cash Equivalents and Short-Term Investments	20.39B	20.39B	18.05B	19.68B	9.19B	8.17B
Total Debt	0.00	5.88B	302.10M	197.70M	52.00M	486.90M
Total Liabilities	-37.55B	10.94B	3.25B	3.35B	4.27B	3.77B
Stockholders Equity	37.55B	37.46B	31.42B	28.04B	23.23B	15.22B
Cash Flow
Free Cash Flow	0.00	196.00M	-4.80B	9.57B	1.20B	1.16B
Operating Cash Flow	0.00	497.70M	-4.11B	9.68B	2.37B	1.17B
Investing Cash Flow	0.00	-5.91B	3.71B	-9.62B	-1.05B	-7.61B
Financing Cash Flow	0.00	5.22B	-86.90M	-51.00M	-621.00M	370.80M

Maithan Alloys Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1078.95
• 50DMA: Negative
• 100DMA: Negative
• 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:MAITHANALL, the sentiment is Negative. The current price of 1078.95 is below the 20-day moving average (MA) of 1127.58, below the 50-day MA of 1103.41, and above the 200-day MA of 1036.89, indicating a neutral trend. The MACD of -4.42 indicates Positive momentum. The RSI at 41.03 is Neutral, neither overbought nor oversold. The STOCH value of 14.14 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MAITHANALL.

Maithan Alloys Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MAITHANALL	74 Outperform	₹32.03B	4.51	―	1.46%	21.34%	-4.84%
KSL	73 Outperform	₹36.18B	13.62	―	1.22%	2.03%	10.83%
IMFA	68 Neutral	₹58.99B	16.48	―	1.73%	-7.18%	-9.88%
VSSL	68 Neutral	₹26.84B	26.12	―	1.10%	6.99%	-12.58%
JAYNECOIND	63 Neutral	₹65.92B	17.50	―	―	5.16%	57.51%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
SUNFLAG	60 Neutral	₹46.97B	23.87	―	0.29%	3.63%	35.18%

Maithan Alloys Ltd. Corporate Events

Maithan Alloys Ltd. Releases Q2 2025 Financial Results

Maithan Alloys Ltd. announced the publication of its standalone and consolidated un-audited financial results for the quarter ending June 30, 2025. The results were published in compliance with regulatory requirements in both English and Bengali newspapers. This announcement is significant for stakeholders as it reflects the company’s financial performance and adherence to disclosure regulations.

Maithan Alloys Acquires Stake in GAIL (India) Ltd.

Maithan Alloys Limited has announced the acquisition of equity shares in GAIL (India) Ltd., a major player in the gas transmission and marketing industry. The acquisition, completed through a stock exchange transaction, involves a 0.01% stake in GAIL, amounting to 900,000 shares at a total cost of Rs 17.12 crore. This strategic investment is part of Maithan Alloys’ broader investment strategy to gain long-term and short-term benefits. The company has clarified that it does not intend to acquire control over GAIL’s management.