Maithan Alloys Ltd. (IN:MAITHANALL)
:MAITHANALL
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Maithan Alloys Ltd.
(MAITHANALL)
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Rating:61Neutral
Price Target:
₹1,202.00
▲(18.47% Upside)
Action:Reiterated
Date:05/28/26
The score is primarily supported by a very strong, low-debt balance sheet and generally healthy profitability, but it is held back by poor/volatile cash generation (negative free cash flow) and weak technical momentum indicators. Valuation is difficult to interpret due to a negative P/E, with only modest support from the dividend yield.
Positive Factors
Very low leverage / strong balance sheet
Very low reported leverage (debt ≈6% of equity) and a large equity base provide durable financial flexibility. This reduces refinancing and bankruptcy risk, supports capital spending when needed, and allows the company to withstand steel-cycle downturns without immediate balance-sheet stress.
Negative Factors
Weak cash generation / negative FCF
Repeated weak cash conversion and negative free cash flow constrain internal funding for maintenance CapEx, working capital buffers, and dividends. Over months this reduces flexibility to invest or smooth cyclicality, forcing reliance on external funding or curtailing growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage / strong balance sheet
Very low reported leverage (debt ≈6% of equity) and a large equity base provide durable financial flexibility. This reduces refinancing and bankruptcy risk, supports capital spending when needed, and allows the company to withstand steel-cycle downturns without immediate balance-sheet stress.
Read all positive factors
Maithan Alloys Ltd. (MAITHANALL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹32.35B
Dividend Yield1.65%
Average Volume (3M)3.24K
Price to Earnings (P/E)7.6
Beta (1Y)1.11
Revenue Growth20.32%
EPS Growth-31.19%
CountryIN
Employees521
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)152.86
Shares Outstanding29,111,550
10 Day Avg. Volume2,509
30 Day Avg. Volume3,238
Financial Highlights & Ratios
PEG Ratio-0.18
Price to Book (P/B)0.58
Price to Sales (P/S)1.12
P/FCF Ratio-150.83
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Maithan Alloys Ltd. Business Overview & Revenue Model
Company Description
Maithan Alloys Limited is an Indian enterprise that specializes in the manufacturing and global export of ferroalloys. Their product line encompasses essential items like ferromanganese, silicomanganese, and ferrosilicon. Beyond its core metallurg...
How the Company Makes Money
Maithan Alloys primarily makes money by manufacturing and selling manganese-based ferroalloys (notably ferromanganese and silicomanganese) to steelmakers and other industrial customers. Revenue is generated on a per-tonne sales basis, with realiza...
Maithan Alloys Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
86
Very Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.89B | 21.73B | 18.06B | 17.29B | 28.85B | 29.17B |
| Gross Profit | 4.37B | 4.56B | 3.83B | 3.15B | 9.28B | 13.78B |
| EBITDA | 6.79B | 2.59B | 8.97B | 4.71B | 6.61B | 11.03B |
| Net Income | 4.45B | 4.34B | 6.30B | 3.49B | 4.99B | 8.18B |
Balance Sheet | ||||||
| Total Assets | 52.62B | 48.94B | 48.49B | 34.68B | 31.40B | 27.51B |
| Cash, Cash Equivalents and Short-Term Investments | 22.29B | 17.60B | 20.39B | 18.05B | 19.68B | 9.19B |
| Total Debt | 4.44B | 2.37B | 5.88B | 302.10M | 197.70M | 52.00M |
| Total Liabilities | 11.26B | 7.35B | 10.94B | 3.25B | 3.35B | 4.27B |
| Stockholders Equity | 41.23B | 41.46B | 37.46B | 31.42B | 28.04B | 23.23B |
Cash Flow | ||||||
| Free Cash Flow | 993.70M | -160.80M | 196.00M | -4.80B | 9.57B | 1.20B |
| Operating Cash Flow | 1.19B | 88.00M | 497.70M | -4.11B | 9.68B | 2.37B |
| Investing Cash Flow | 1.37B | 4.17B | -5.91B | 3.71B | -9.62B | -1.05B |
| Financing Cash Flow | -1.94B | -3.89B | 5.22B | -86.90M | -51.00M | -621.00M |
Maithan Alloys Ltd. Technical Analysis
Positive
1014.60
Price Trends
996.13
Positive
981.24
Positive
1010.20
Positive
Market Momentum
31.99
Negative
63.11
Neutral
77.30
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MAITHANALL, the sentiment is Positive. The current price of 1014.6 is below the 20-day moving average (MA) of 1024.03, above the 50-day MA of 996.13, and above the 200-day MA of 1010.20, indicating a bullish trend. The MACD of 31.99 indicates Negative momentum. The RSI at 63.11 is Neutral, neither overbought nor oversold. The STOCH value of 77.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:MAITHANALL.
Maithan Alloys Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹81.82B | 61.40 | ― | 0.24% | 12.52% | 18.64% | |
67 Neutral | ₹102.86B | 15.88 | ― | 0.18% | 62.31% | 39.66% | |
64 Neutral | ₹270.23B | 25.96 | ― | 0.77% | 22.46% | 16.97% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | ₹32.35B | 7.62 | ― | 1.65% | 20.32% | -31.19% | |
60 Neutral | ₹77.15B | 18.34 | ― | 1.05% | 10.21% | 12.03% | |
57 Neutral | ₹61.95B | 48.66 | ― | ― | -8.92% | -77.28% |
* Basic Materials Sector Average
IN:MAITHANALL
Maithan Alloys Ltd.
1,111.20
-21.01
-1.86%
IN:IMFA
Indian Metals & Ferro Alloys Ltd.
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IN:JAIBALAJI
Jai Balaji Industries Limited
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IN:MIDHANI
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IN:SANDUMA
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36.58%
IN:SHYAMMETL
Shyam Metalics & Energy Ltd.
968.10
141.37
17.10%
Maithan Alloys Ltd. Corporate Events
Maithan Alloys to Close Trading Window Ahead of FY26 Results
Mar 26, 2026
Maithan Alloys Limited has announced that its trading window for dealing in the company’s securities will be closed from April 1, 2026 until 48 hours after the Board approves the audited financial results for the quarter and year ended March...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.