About
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. In addition, the company offers manufacturing and trading of metals and/or minerals and real estate businesses; processing of powder and lump; generation of electricity; manufacturing of specialized parts for railways, tramways, locomotives or of rolling stock and to manufacture and deals in goods and products used in defence sector & real estate business; and real estate development, construction, leasing, trading, and property management services. Maithan Alloys Limited serves steel companies in India and internationally. The company was incorporated in 1985 and is based in Kolkata, India.
Key Metrics
as of Sep 2026Market Cap3,175 Cr
P/E10.90
Div Yield1.56 %
Book Value₹1,424.00
52w High₹1,210.00
52w Low₹831.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 571.00 | 577.00 | 519.00 | 502.00 | 654.00 | 439.00 | 540.00 | 470.00 | 371.00 | 433.00 | 448.00 | 442.00 | 400.00 |
| Expenses | 502.00 | 507.00 | 488.00 | 486.00 | 604.00 | 378.00 | 509.00 | 417.00 | 348.00 | 432.00 | 413.00 | 409.00 | 360.00 |
| Operating Profit | 69.00 | 70.00 | 30.00 | 16.00 | 50.00 | 61.00 | 31.00 | 54.00 | 23.00 | 1.00 | 35.00 | 33.00 | 39.00 |
| OPM % | 12.00 | 12.00 | 6.00 | 3.20 | 8.00 | 14.00 | 6.00 | 11.00 | 6.00 | 0.30 | 8.00 | 7.00 | 10.00 |
| Other Income | 432.00 | -162.00 | 89.00 | -142.00 | 660.00 | -113.00 | 98.00 | 180.00 | 561.00 | 172.00 | 79.00 | 61.00 | 45.00 |
| Depreciation | 5.00 | 3.00 | 3.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 |
| Interest | 4.00 | 13.00 | 3.00 | 12.00 | 12.00 | 8.00 | 6.00 | 6.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 492.00 | -108.00 | 112.00 | -141.00 | 695.00 | -64.00 | 119.00 | 224.00 | 579.00 | 169.00 | 110.00 | 90.00 | 80.00 |
| Tax % | 20.00 | -19.00 | 23.00 | -20.00 | 22.00 | 4.00 | 20.00 | 32.00 | 21.00 | 18.00 | 21.00 | 27.00 | 24.00 |
| Net Profit | 394.00 | -88.00 | 86.00 | -112.00 | 542.00 | -66.00 | 95.00 | 152.00 | 459.00 | 138.00 | 87.00 | 66.00 | 60.00 |
| EPS in Rs | 135.43 | -30.23 | 29.71 | -38.50 | 186.18 | -22.75 | 32.70 | 52.15 | 157.82 | 47.25 | 30.02 | 22.53 | 20.78 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,251.00 | 1,816.00 | 1,721.00 | 2,905.00 | 3,054.00 | 1,615.00 | 1,816.00 | 1,979.00 | 1,873.00 | 1,337.00 | 1,146.00 | 882.00 |
| Expenses | 2,085.00 | 1,646.00 | 1,611.00 | 2,402.00 | 1,996.00 | 1,318.00 | 1,581.00 | 1,654.00 | 1,489.00 | 1,057.00 | 1,015.00 | 811.00 |
| Operating Profit | 167.00 | 170.00 | 110.00 | 504.00 | 1,058.00 | 298.00 | 235.00 | 325.00 | 384.00 | 279.00 | 132.00 | 71.00 |
| OPM % | 7.00 | 9.00 | 6.00 | 17.00 | 35.00 | 18.00 | 13.00 | 16.00 | 21.00 | 21.00 | 11.00 | 8.00 |
| Other Income | 446.00 | 726.00 | 357.00 | 79.00 | 31.00 | 24.00 | 66.00 | 26.00 | 15.00 | 8.00 | 4.00 | 3.00 |
| Interest | 41.00 | 23.00 | 3.00 | 5.00 | 3.00 | 3.00 | 6.00 | 8.00 | 8.00 | 12.00 | 17.00 | 6.00 |
| Depreciation | 14.00 | 15.00 | 15.00 | 15.00 | 15.00 | 16.00 | 16.00 | 16.00 | 15.00 | 25.00 | 23.00 | 3.00 |
| Profit before tax | 558.00 | 858.00 | 449.00 | 563.00 | 1,070.00 | 302.00 | 279.00 | 327.00 | 376.00 | 250.00 | 96.00 | 64.00 |
| Tax % | 23.00 | 25.00 | 22.00 | 24.00 | 25.00 | 23.00 | 21.00 | 22.00 | 22.00 | 26.00 | 17.00 | 20.00 |
| Net Profit | 428.00 | 640.00 | 351.00 | 427.00 | 808.00 | 233.00 | 222.00 | 255.00 | 292.00 | 186.00 | 79.00 | 52.00 |
| EPS in Rs | 147.16 | 219.92 | 120.58 | 146.51 | 277.45 | 80.05 | 76.22 | 87.69 | 100.22 | 63.78 | 27.15 | 17.71 |
| Dividend Payout % | 12.00 | 7.00 | 5.00 | 4.00 | 2.00 | 8.00 | 8.00 | 7.00 | 3.00 | 4.00 | 7.00 | 6.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 29.00 | 29.00 | 29.00 | 29.00 | 29.00 | 29.00 | 29.00 | 29.00 | 29.00 | 29.00 | 29.00 | 15.00 |
| Reserves | 4,046.00 | 3,655.00 | 3,041.00 | 2,702.00 | 2,293.00 | 1,502.00 | 1,270.00 | 1,091.00 | 846.00 | 563.00 | 366.00 | 320.00 |
| Borrowings | 231.00 | 565.00 | 17.00 | 12.00 | 5.00 | 49.00 | 10.00 | 7.00 | 45.00 | 81.00 | 139.00 | 25.00 |
| Other Liabilities | 451.00 | 466.00 | 271.00 | 286.00 | 394.00 | 326.00 | 212.00 | 399.00 | 302.00 | 260.00 | 263.00 | 191.00 |
| Total Liabilities | 4,757.00 | 4,716.00 | 3,358.00 | 3,028.00 | 2,722.00 | 1,905.00 | 1,522.00 | 1,526.00 | 1,222.00 | 934.00 | 797.00 | 551.00 |
| Fixed Assets | 115.00 | 136.00 | 145.00 | 151.00 | 160.00 | 193.00 | 207.00 | 219.00 | 233.00 | 238.00 | 260.00 | 55.00 |
| CWIP | 1.00 | 0.00 | 1.00 | 2.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 |
| Investments | 3,004.00 | 3,221.00 | 1,869.00 | 938.00 | 849.00 | 815.00 | 26.00 | 649.00 | 362.00 | 84.00 | 47.00 | 125.00 |
| Other Assets | 1,637.00 | 1,359.00 | 1,344.00 | 1,938.00 | 1,713.00 | 897.00 | 1,287.00 | 657.00 | 626.00 | 612.00 | 490.00 | 369.00 |
| Total Assets | 4,757.00 | 4,716.00 | 3,358.00 | 3,028.00 | 2,722.00 | 1,905.00 | 1,522.00 | 1,526.00 | 1,222.00 | 934.00 | 797.00 | 551.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -3.00 | 532.00 | -440.00 | 958.00 | 128.00 | 116.00 | -45.00 | 315.00 | 284.00 | 123.00 | 136.00 | 8.00 |
| Cash from Investing Activity | 447.00 | -1,056.00 | 416.00 | -956.00 | 0.00 | -760.00 | 697.00 | -270.00 | -280.00 | -8.00 | -11.00 | 4.00 |
| Cash from Financing Activity | -419.00 | 505.00 | -14.00 | -13.00 | -62.00 | 37.00 | -43.00 | -54.00 | -55.00 | -74.00 | -101.00 | -21.00 |
| Net Cash Flow | 25.00 | -19.00 | -37.00 | -11.00 | 66.00 | -607.00 | 609.00 | -9.00 | -50.00 | 41.00 | 25.00 | -8.00 |
| Free Cash Flow | 18.00 | 527.00 | -446.00 | 951.00 | 142.00 | 116.00 | -50.00 | 313.00 | 273.00 | 122.00 | 125.00 | 6.00 |
| CFO/OP % | 98.00 | 345.00 | -332.00 | 217.00 | 38.00 | 59.00 | 2.00 | 121.00 | 97.00 | 53.00 | 104.00 | 26.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 24.00 | 29.00 | 82.00 | 53.00 | 91.00 | 99.00 | 56.00 | 47.00 | 47.00 | 62.00 | 63.00 | 78.00 |
| Inventory Days | 165.00 | 199.00 | 137.00 | 62.00 | 176.00 | 151.00 | 95.00 | 85.00 | 93.00 | 109.00 | 92.00 | 75.00 |
| Days Payable | 21.00 | 38.00 | 34.00 | 32.00 | 52.00 | 80.00 | 26.00 | 80.00 | 55.00 | 47.00 | 81.00 | 54.00 |
| Cash Conversion Cycle | 168.00 | 190.00 | 185.00 | 83.00 | 216.00 | 170.00 | 125.00 | 52.00 | 85.00 | 123.00 | 74.00 | 98.00 |
| Working Capital Days | 426.00 | 87.00 | 211.00 | 69.00 | 143.00 | 112.00 | 86.00 | 37.00 | 44.00 | 55.00 | 37.00 | 59.00 |
| ROCE % | 14.00 | 29.00 | 12.00 | 23.00 | 55.00 | 20.00 | 20.00 | 32.00 | 48.00 | 43.00 | 25.00 | 20.00 |
Corporate Actions
24 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 22 May 2026 | 22 May 2026 | — | 11.00 | |
| Dividend | 19 Sep 2025 | 19 Sep 2025 | — | 6.00 | |
| Dividend | 06 Jun 2025 | 06 Jun 2025 | — | 7.00 | |
| Dividend | 18 Feb 2025 | 19 Feb 2025 | — | 3.00 | |
| Dividend | 20 Sep 2024 | — | — | 6.00 | |
| Dividend | 18 Sep 2023 | — | — | 6.00 | |
| Dividend | 20 Sep 2022 | — | — | 6.00 | |
| Dividend | 22 Sep 2021 | — | — | 6.00 | |
| Dividend | 09 Mar 2020 | 11 Mar 2020 | — | 6.00 | |
| Dividend | 09 Aug 2019 | — | — | 6.00 | |
| Dividend | 23 Aug 2018 | — | — | 3.00 | |
| Dividend | 16 Aug 2017 | — | — | 2.50 | |
| Other | 19 Aug 2016 | — | — | — | Annual General Meeting |
| Dividend | 22 Mar 2016 | 23 Mar 2016 | — | 2.00 | |
| Dividend | 02 Sep 2015 | — | — | 2.00 | |
| Bonus | 15 Jul 2015 | 16 Jul 2015 | 1:1 | — | |
| Dividend | 16 Sep 2014 | — | — | 2.00 | |
| Dividend | 18 Jul 2013 | — | — | 2.00 | |
| Dividend | 13 Sep 2012 | — | — | 2.00 | |
| Dividend | 18 Aug 2011 | — | — | 2.00 | |
| Dividend | 12 Aug 2010 | — | — | 1.00 | |
| Bonus | 17 Jun 2010 | 19 Jun 2010 | 1:2 | — | |
| Dividend | 16 Jul 2009 | — | — | 1.00 | |
| Dividend | 28 Aug 2008 | — | — | 2.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update31 Mar from crisil
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Rating update16 Dec 2025 from care
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Rating update25 Sep 2025 from crisil
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Rating update31 Dec 2024 from care
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Rating update27 Jun 2024 from crisil
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Rating update5 Jan 2024 from care