MAAN ALUMINIUM LIMITED

BSE: MAANALU532906ISIN INE215I01027

Commodities
Aluminium
BSE Commodities

Share price

₹97.47+7.05 (+7.80%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹186.40
52W low: ₹85.90
Off 52W high: -47.71%
1M return: -6.99%
3M return: -23.49%
6M return: -35.02%
1Y return: -33.78%
20D avg volume: 5,524
50 DMA: ₹104.28
200 DMA: ₹126.85

Key ratios Standalone

Market cap: ₹584.67 Cr
Current price: ₹97.47
52W high / low: ₹186.40 / ₹85.90
Face value: ₹5.00
P/E: 41.65
P/B: 3.41
EPS (TTM): ₹2.34
Book value / share: ₹28.58
ROE: 8.18%
ROCE: 8.00%
Operating margin: 3.05%
Net margin: 1.61%
Debt / equity: 0.20
Net debt: ₹53.85 Cr
Interest cover: 4.30
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 61.3 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	231.86	254.57	151.87	191.08	211.19	245.86	182.09	205.44	176.78	237.40	212.97	295.30
	1.71	3.56	1.61	3.35	1.99	1.37	1.47	1.10	1.39	2.50	1.52	1.55
	233.57	258.13	153.48	194.43	213.18	247.23	183.56	206.54	178.17	239.90	214.49	296.85
	229.25	255.62	149.68	186.66	209.52	241.01	179.51	199.62	173.71	230.15	204.48	286.21
	61.91	41.13	54.08	65.09	42.39	56.93	46.98	43.04	45.39	35.63	56.90	46.33
	149.71	190.93	82.19	98.03	146.14	181.38	105.72	132.64	111.32	164.73	141.27	223.94
	4.82	4.56	4.38	4.23	4.26	4.33	4.32	3.89	4.43	3.67	3.77	3.49
	0.78	0.77	1.47	1.69	1.45	1.13	0.96	0.54	0.62	0.80	1.19	0.81
	1.98	1.92	1.89	1.85	1.82	1.72	1.28	1.25	1.27	1.22	1.18	1.16
	12.84	14.82	15.59	18.18	12.92	12.12	12.72	15.59	13.93	15.78	13.90	11.57
	4.32	2.51	3.80	7.77	3.66	6.22	4.05	6.92	4.46	9.75	10.01	10.64
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	4.32	2.51	3.80	7.77	3.66	6.22	4.05	6.92	4.46	9.75	10.01	10.64
	0.59	0.81	0.97	2.00	0.93	2.28	1.00	1.79	1.07	2.47	2.57	2.76
	3.73	1.70	2.83	5.77	2.73	3.94	3.05	5.13	3.39	7.28	7.44	7.88
	0.62	0.29	0.52	1.07	0.50	0.73	0.56	0.95	0.63	1.35	1.38	1.46
Key metrics
	7.08	5.20	7.16	11.31	6.93	9.07	6.29	8.71	6.35	11.77	12.38	12.61
	3.10%	2.00%	4.70%	5.90%	3.30%	3.70%	3.50%	4.20%	3.60%	5.00%	5.80%	4.30%
	1.60%	0.70%	1.90%	3.00%	1.30%	1.60%	1.70%	2.50%	1.90%	3.10%	3.50%	2.70%
	—	1.10%	—	4.70%	—	3.80%	—	—	—	—	—	—
	9.80%	3.50%	-16.60%	-7.00%	19.50%	3.60%	-14.50%	-30.40%	—	—	—	—
	36.60%	-56.90%	-7.20%	12.50%	-19.50%	-45.90%	-59.00%	-34.90%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	829.38	808.71	810.17	953.03	813.85	572.29
	10.23	10.51	5.33	7.73	5.16	5.25
	839.61	819.22	815.50	960.76	819.01	577.54
	821.21	801.48	793.85	916.79	751.98	547.79
	222.21	202.69	192.34	186.18	218.62	181.50
	520.86	517.29	531.06	649.27	418.82	289.87
	17.99	17.43	16.97	15.19	15.76	11.44
	4.71	5.38	3.25	3.68	4.95	4.88
	7.64	7.48	5.52	4.68	4.47	3.47
	61.43	61.51	54.36	57.74	94.62	55.06
	18.40	17.74	21.65	43.97	67.03	29.75
	0.00	0.00	0.00	—	—	—
	18.40	17.74	21.65	43.97	67.03	29.75
	4.37	4.71	6.14	11.22	17.06	7.77
	14.03	13.03	15.51	32.75	49.97	21.98
	2.50	2.35	2.87	6.06	36.96	16.26
Key metrics
	30.75	30.60	30.42	52.33	76.45	38.10
	3.71%	3.80%	3.80%	5.50%	9.40%	6.70%
	1.69%	1.60%	1.90%	3.40%	6.10%	3.80%
	—	8.00%	12.80%	—	—	—
	-1.80%	-0.20%	-15.00%	17.10%	42.20%	—
	-5.52%	-16.00%	-52.60%	-34.50%	127.30%	—
	—	-6.31	-55.28	—	—	—
	—	1.37	0.01	—	—	—
	—	0.20	0.50	—	—	—
	—	53.85	89.53	—	—	—
	—	61.3	64.4	—	—	—
Balance sheet
	—	363.13	299.63	—	—	—
	—	222.18	190.87	—	—	—
	—	0.09	0.04	—	—	—
	—	90.73	104.41	—	—	—
	—	66.83	58.38	—	—	—
	—	11.33	13.24	—	—	—
	—	105.87	104.72	—	—	—
	—	21.82	19.85	—	—	—
	—	73.24	104.40	—	—	—
	—	53.94	89.57	—	—	—
	—	44.67	77.21	—	—	—
	—	9.27	12.36	—	—	—
	—	274.75	178.44	—	—	—
Cash flow
	—	17.90	0.19	—	—	—
	—	-59.90	-54.45	—	—	—
	—	42.05	54.25	—	—	—
	—	24.21	55.47	—	—	—

Compounded growth

Sales CAGR 3Y: -0.21%
Sales CAGR 5Y: —
Profit CAGR 3Y: -36.11%
Profit CAGR 5Y: —
Sales YoY (TTM): -1.80%
Profit YoY (TTM): -5.52%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 55.82%

Quarter	September 2026	June 2026
Promoter %	55.82%	55.82%

Holder	Type	Holding	Previous	Change
RAVINDER NATH JAIN	Promoter	37.08%	37.08%	0.00%
ALKA JAIN	Promoter	9.37%	9.37%	0.00%
PRITI JAIN	Promoter	4.69%	4.69%	0.00%
DIPTI JAIN	Promoter	4.68%	4.68%	0.00%
SHANTI CAPINVEST PRIVATE LIMITED	Public	2.08%	2.08%	0.00%
JATINDER JAGDISHRAI AGARWAL	Public	2.07%	2.07%	0.00%
DUGAR GROWTH FUND PRIVATE LIMITED	Public	1.91%	1.91%	0.00%
PGIM INDIA EQUITY GROWTH OPPORTUNITIES FUND SERIES II	Public	1.59%	1.59%	0.00%
INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY MINISTRY OF CORPORATE AFFAIRS	Public	1.52%	1.52%	0.00%
SHUJA MIRZA	Public	1.14%	1.14%	0.00%
DYNAVISION VENTURES LLP	Public	1.06%	1.06%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Hindalco Industries Ltd.	2,11,239	932.00	12.77	9.50%	+20.28% TTM	-3.14% TTM	+12.16%
Vedanta Aluminium Metal Limited	1,48,282	376.75	—	—	—	—	—
National Aluminium Co. Ltd.	60,701	326.00	8.37	33.70%	+13.51% TTM	+17.06% TTM	+39.76%
Arfin India Limited S	1,610	94.22	80.53	20.50%	+54.53% TTM	+196.39% TTM	+71.34%
MAAN ALUMINIUM LIMITED S	627	97.47	41.65	8.00%	-1.80% TTM	-5.52% TTM	-33.78%
Msafe Equipments Limited S	569	284.30	20.95	30.30%	—	—	—
P.G.Foils Ltd. S	227	198.65	-73.30	1.10%	-18.64% TTM	-114.61% TTM	-15.03%
Manaksia Aluminium Company Ltd S	202	30.11	22.30	17.00%	+1.29% TTM	+28.26% TTM	+7.54%
Palco Metals Limited	88	221.85	11.19	37.00%	+9.81% TTM	+174.74% TTM	+52.16%
HIND ALUMINIUM INDUSTRIES LTD.	56	87.41	14.84	-1.20%	+196.65% TTM	-58.69% TTM	+34.04%
Sacheta Metals Ltd. S	45	3.60	22.50	7.40%	-0.42% TTM	-7.41% TTM	-22.08%
Jivial Industries Limited S	35	76.50	—	35.60%	—	—	—
Sudal Industries Limited S	35	46.02	21.40	16.90%	+19.09% TTM	-58.85% TTM	-50.52%
KANISHK ALUMINIUM INDIA LIMITED S	33	24.80	—	12.50%	—	—	—
Maitri Enterprises Limited	14	31.06	16.31	20.20%	+13.01% TTM	+223.53% TTM	-11.48%
Bothra Metals & Alloys Limited S	11	5.75	38.33	4.90%	—	—	-26.84%

Filings & corporate actions

Recent announcements

Certificate15 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Voting Result with Scrutinizer''s Report29 Sep 2026 · AGM/EGM / AGM
Outcome of AGM28 Sep 2026 · AGM/EGM / AGM
Intimation of Trading window closure26 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
News paper Advertisment7 Sep 2026 · Company Update / Newspaper Publication
Annual Report5 Sep 2026 · Others / Reg. 34 (1) Annual Report
Notice5 Sep 2026 · AGM/EGM / AGM
News Paper Publication3 Sep 2026 · Company Update / Newspaper Publication
Intimation of Book Closure for AGM3 Sep 2026 · AGM/EGM / AGM
Intimation of Shareholder Meeting3 Sep 2026 · AGM/EGM / AGM
Earning Call Transcript19 Aug 2026 · Company Update / Earnings Call Transcript
Statement of No Deviation & Variation of fund16 Aug 2026 · Company Update / Reg. 32 (1), (3) - Statement of Deviation & Variation
Newspaper Publication15 Aug 2026 · Company Update / Newspaper Publication
Investor Presentation13 Aug 2026 · Company Update / Investor Presentation
Unaudited Financial Result for the Quarter ended 30.06.202613 Aug 2026 · Result / Financial Results
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30.06.2026.13 Aug 2026 · Board Meeting / Outcome of Board Meeting
Intimation of Investor Meet10 Aug 2026 · Company Update / Analyst / Investor Meet
Maan Aluminium Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/08/2026 ,inter alia, to consider and approve Un-Audited Financial Results ....8 Aug 2026 · Board Meeting / Board Meeting
Certificate14 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Scrutinizer''s Report30 Jun 2026 · AGM/EGM / Postal Ballot
Outcome Postal Ballot, Voting Results30 Jun 2026 · AGM/EGM / Postal Ballot
Closure of Trading Window29 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Earning Call Transcript4 Jun 2026 · Company Update / Earnings Call Transcript
Link For Audio Recording of Investor's Conference Call for Maan Aluminium Ltd. for the Quarter and year ended 31.03.20262 Jun 2026 · Company Update / Analyst / Investor Meet
Presentation1 Jun 2026 · Company Update / Investor Presentation
Annual Secretarial Compliance Certificate30 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
News Paper Publication for Financial Results30 May 2026 · Company Update / Newspaper Publication
News Paper Advertisement30 May 2026 · AGM/EGM / Postal Ballot
Notice of Postal Ballot30 May 2026 · AGM/EGM / Postal Ballot
Certificate of No Deviation and Variation of fund30 May 2026 · Company Update / Reg. 32 (1), (3) - Statement of Deviation & Variation
Financial Results29 May 2026 · Result / Financial Results
Outcome of Board Meeting29 May 2026 · Board Meeting / Outcome of Board Meeting
Investor Call26 May 2026 · Company Update / Analyst / Investor Meet
Maan Aluminium Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/05/2026 ,inter alia, to consider and approve Audited Financial Results of ....21 May 2026 · Board Meeting / Board Meeting
Acquition / purchase of new office20 May 2026 · Company Update / General
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. <table border=''1px''><tr> <td>Sr. No.</td> <td>Particulars</td> <td>Details</td> ....30 Apr 2026 · Others / Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Reply to clarification sought28 Apr 2026 · Company Update / General
The Exchange has sought clarification from Maan Aluminium Ltd on April 28, 2026, with reference to Movement in Volume. The reply is awaited.28 Apr 2026 · Company Update / Clarification
Certificate13 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Credit Rating4 Apr 2026 · Company Update / Credit Rating

Board meetings

13 Aug 2026 Board Meeting - Financial Results