Moil Limited (MOIL) AI Stock Analysis

• Market Cap: ₹68.52B
• Dividend Yield: 2.18%
• Average Volume (3M): 71.72K
• Price to Earnings (P/E): 22.7
• Beta (1Y): 1.72
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: IN
• Employees: 5,480
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): 3.46
• Shares Outstanding: 203,485,210
• 10 Day Avg. Volume: 78,976
• 30 Day Avg. Volume: 71,719
• PEG Ratio: 0.58
• Price to Book (P/B): 2.53
• Price to Sales (P/S): 4.21
• P/FCF Ratio: 59.40
• 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: 74 Outperform
• Price Target: ₹391.00 ▲(4.22% Upside)

The score is driven primarily by strong financial performance—high profitability and an exceptionally conservative, debt-free balance sheet. Offsetting this are uneven free-cash-flow generation and a largely neutral technical/valuation profile (price near long-term averages and a mid-range P/E with a modest dividend yield).

Positive Factors

High profitability

Sustained very high gross and operating margins indicate structural cost advantages or favorable product mix, enabling durable cash generation and reinvestment. High margin buffers improve resilience to commodity price dips and support long-term capital allocation to growth or returns.

Debt-free balance sheet

Zero debt materially reduces financial risk and interest burden, giving management optionality to fund capex, withstand commodity downcycles, and sustain dividends from operating cash. A conservative balance sheet strengthens long-term strategic flexibility.

Improving ROE and revenue re-acceleration

Rising revenue growth alongside improving ROE suggests operational leverage is beginning to translate into higher shareholder returns. If sustained, this combination supports attractive internal financing for projects and signals improving unit economics rather than reliance on leverage.

Negative Factors

Volatile free cash flow

Inconsistent FCF reflects swings in capex and working capital, which can restrict the firm’s ability to consistently fund dividends, buybacks or growth investments. Persistent volatility increases execution risk and makes long-term cash return policies less predictable.

Earnings/margin cyclicality

Wide year-to-year margin swings point to sensitivity to commodity prices and demand cycles in manganese and steel sectors. This cyclicality undermines predictability of profits and can lead to uneven investment and payout patterns across multi-year cycles.

Material recent revenue contraction

A sharp negative revenue growth reading signals exposure to demand or pricing shocks; such large contractions can quickly erode margins and cash flow. Persistent or recurring declines would strain operational plans and reduce the margin of safety despite a strong balance sheet.

Moil Limited Business Overview & Revenue Model

Company Description

MOIL Limited engages in the exploration, development, mining, beneficiation, and marketing of various grades of manganese ores in India. It operates through three segments: Mining, Manufacturing, and Power Generation. The company manufactures and sells various grades of manganese ores, such as high grade ores for the production of ferro manganese; medium grade ores for the production of silico manganese; blast furnace grade ores for producing hot metals; and dioxide for dry battery cells and chemical industries. It also offers electrolytic manganese dioxide for the manufacture of dry battery cells; high carbon ferro manganese; and ferro manganese slag. The company operates 11 mines located in the Nagpur and Bhandara districts of Maharashtra; and four mines in the Balaghat district of Madhya Pradesh. In addition, it operates wind energy farms with an installed capacity of 4.8 MW at Nagda Hills and 15.2 MW at Ratedi Hills in Dewas district of Madhya Pradesh. The company was formerly known as Manganese Ore (India) Limited. MOIL Limited was founded in 1896 and is headquartered in Nagpur, India.

How the Company Makes Money

Moil Limited Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	14.40B	15.85B	14.43B	13.35B	14.36B	11.77B
Gross Profit	9.78B	13.55B	11.42B	10.74B	10.64B	7.97B
EBITDA	3.37B	5.28B	5.31B	3.78B	6.27B	3.40B
Net Income	2.81B	3.82B	2.93B	2.51B	3.77B	1.77B
Balance Sheet
Total Assets	0.00	32.11B	28.89B	26.92B	25.80B	33.90B
Cash, Cash Equivalents and Short-Term Investments	9.70B	9.70B	8.41B	8.91B	10.69B	19.28B
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	-26.38B	5.73B	4.36B	4.47B	4.38B	5.70B
Stockholders Equity	26.38B	26.38B	24.53B	22.44B	21.42B	28.20B
Cash Flow
Free Cash Flow	0.00	1.12B	-627.34M	-367.07M	1.30B	1.54B
Operating Cash Flow	0.00	4.34B	2.53B	2.12B	3.60B	2.91B
Investing Cash Flow	0.00	-3.38B	-1.41B	-1.02B	6.93B	-3.60B
Financing Cash Flow	0.00	-1.34B	-851.69M	-1.22B	-10.33B	-1.31B

Moil Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MOIL	74 Outperform	₹68.52B	22.74	―	2.18%	―	―
SANDUMA	73 Outperform	₹109.37B	18.27	―	0.18%	196.22%	71.39%
GNFC	70 Outperform	₹70.48B	11.08	―	3.68%	-7.53%	42.74%
GSFC	68 Neutral	₹70.59B	10.57	―	2.80%	15.25%	26.49%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ACI	58 Neutral	₹63.67B	37.27	―	0.78%	-3.15%	-22.30%
MIDHANI	55 Neutral	₹65.27B	60.63	―	0.24%	-5.01%	21.97%

Moil Limited Corporate Events

MOIL Chairman-cum-MD Ajit Kumar Saxena Retires on Superannuation

MOIL Limited has announced that its Chairman-cum-Managing Director, Ajit Kumar Saxena, has retired on attaining the age of superannuation on 31 December 2025 and ceased to hold the position with effect from 1 January 2026. The leadership change at the state-run manganese producer marks a transition at the top of the organisation, and investors and other stakeholders will now look for clarity on succession and continuity in strategic direction, given the company’s importance in the manganese and steel supply chain.

MOIL Limited Schedules Investor Mine Visit to Enhance Stakeholder Engagement

MOIL Limited has announced a mine visit scheduled for November 27, 2025, at their Balaghat Mine for institutional investors and analysts. This initiative aims to provide stakeholders with insights into the company’s operations and strengthen investor relations, potentially impacting the company’s market positioning positively.

MOIL Limited to Engage with Analysts and Investors at Mumbai Conference

MOIL Limited announced its participation in the Anand Rathi Annual Flagship Conference on November 14, 2025, in Mumbai. This meeting, which includes both group and one-on-one sessions, is part of the company’s efforts to engage with analysts and investors, potentially impacting its market visibility and stakeholder relations.