Moil Limited (IN:MOIL)
:MOIL
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Moil Limited
(MOIL)
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Rating:70Outperform
Price Target:
₹342.00
▼(-8.84% Downside)
Action:UpgradedDate:05/02/26
The score is primarily supported by strong financial resilience (notably a zero-debt balance sheet) and generally solid profitability, tempered by cash-flow volatility and a recent margin decline. Technical signals are mixed with neutral momentum and only partial trend support, while valuation appears fair-to-slightly expensive with a modest dividend yield.
Positive Factors
Debt-free balance sheet
Zero reported debt provides durable financial flexibility to fund mining capex, absorb cyclical commodity shocks, and prioritize reinvestment or distributions without refinancing risk. This materially lowers insolvency risk and supports multi-year operational continuity in a cyclical mining business.
Negative Factors
Volatile cash generation
Operating cash flow and free cash flow have been lumpy, with negative FCF in several years and weaker cash conversion in 2026. That unpredictability constrains the company's ability to reliably fund capex, expansions or sustained dividends, raising financing and operational planning risk over multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero reported debt provides durable financial flexibility to fund mining capex, absorb cyclical commodity shocks, and prioritize reinvestment or distributions without refinancing risk. This materially lowers insolvency risk and supports multi-year operational continuity in a cyclical mining business.
Read all positive factors
Moil Limited (MOIL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹63.67B
Dividend Yield2.18%
Average Volume (3M)71.72K
Price to Earnings (P/E)15.6
Beta (1Y)1.55
Revenue Growth-5.33%
EPS Growth-29.92%
CountryIN
Employees5,480
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)N/A
Shares Outstanding203,485,210
10 Day Avg. Volume78,976
30 Day Avg. Volume71,719
Financial Highlights & Ratios
PEG Ratio-0.72
Price to Book (P/B)2.13
Price to Sales (P/S)3.91
P/FCF Ratio-53.85
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
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 ...
How the Company Makes Money
MOIL primarily makes money by selling manganese ore and related manganese products to industrial customers. Its core revenue model is volume-and-grade-based: the company mines manganese ore from its deposits, processes it (including beneficiation/...
Moil Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
92
Very Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.40B | 14.73B | 15.85B | 14.43B | 13.35B | 14.36B |
| Gross Profit | 9.78B | 6.69B | 13.55B | 11.42B | 10.74B | 10.64B |
| EBITDA | 3.37B | 4.15B | 5.28B | 5.31B | 3.78B | 6.27B |
| Net Income | 2.81B | 2.67B | 3.82B | 2.93B | 2.51B | 3.77B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 32.06B | 32.11B | 28.89B | 26.92B | 25.80B |
| Cash, Cash Equivalents and Short-Term Investments | 9.70B | 7.27B | 9.70B | 8.41B | 8.91B | 10.69B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | -26.38B | 4.96B | 5.73B | 4.36B | 4.47B | 4.38B |
| Stockholders Equity | 26.38B | 27.09B | 26.38B | 24.53B | 22.44B | 21.42B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -1.07B | 1.12B | -627.34M | -367.07M | 1.30B |
| Operating Cash Flow | 0.00 | 2.19B | 4.34B | 2.53B | 2.12B | 3.60B |
| Investing Cash Flow | 0.00 | -754.24M | -3.38B | -1.41B | -1.02B | 6.93B |
| Financing Cash Flow | 0.00 | -1.41B | -1.34B | -851.69M | -1.22B | -10.33B |
Moil Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ₹2.56T | 11.01 | ― | 4.64% | 19.84% | 33.60% | |
70 Outperform | ₹63.67B | 15.56 | ― | 2.18% | -5.33% | -29.92% | |
70 Outperform | ₹62.39B | 24.92 | ― | 0.12% | 45.73% | 32.73% | |
65 Neutral | ₹6.29B | 12.55 | ― | 0.63% | 2.50% | 5.97% | |
65 Neutral | ₹1.15T | 9.55 | ― | 8.78% | -17.85% | 14.22% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
39 Underperform | ₹25.36B | 172.94 | ― | ― | -21.80% | -668.13% |
* Basic Materials Sector Average
IN:MOIL
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Moil Limited Corporate Events
MOIL posts lower FY26 profit, board skips dividend
Apr 29, 2026
MOIL Limited is a Government of India enterprise engaged in the mining and production of manganese ore, a key raw material for the steel and alloy industries. Listed on both the NSE and BSE, the Nagpur-based company plays a strategic role in suppl...
MOIL posts steady FY26 manganese ore output with stronger March sales
Apr 4, 2026
MOIL Limited reported provisional figures for March 2026 showing manganese ore production of 1.64 lakh metric tonnes, slightly higher than 1.59 lakh metric tonnes a year earlier, with monthly sales rising more sharply to 2.02 lakh metric tonnes fr...
MOIL Raises Manganese Ore Prices Across Key Grades for February 2026
Mar 1, 2026
MOIL Limited has revised prices for various manganese ore grades for February 2026 within the January–March 2026 quarter, largely implementing a 5% increase on ferro grades with manganese content above and below 44%, SMGR (Mn-30%) and fines ...
MOIL Fined by NSE and BSE for Board Composition Non-Compliance
Feb 28, 2026
MOIL Limited has disclosed that the National Stock Exchange of India and BSE Limited have imposed monetary penalties for non-compliance with board composition requirements for the quarter ended 31 December 2025. The company reported that each exch...
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.