Maithan Alloys Limited

BSE: MAITHANALL590078ISIN INE683C01011

Commodities
Ferro & Silica Manganese
BSE Commodities

Share price

₹826.60+38.30 (+4.86%)

as of 4 Nov 2026

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

52W high: ₹1,210.00
52W low: ₹760.40
Off 52W high: -31.69%
1M return: -8.70%
3M return: -14.69%
6M return: -16.82%
1Y return: -24.84%
20D avg volume: 2,457
50 DMA: ₹933.06
200 DMA: ₹979.91

Key ratios Consolidated

Market cap: ₹2,406 Cr
Current price: ₹826.60
52W high / low: ₹1,210.00 / ₹760.40
Face value: ₹10.00
P/E: 8.05
P/B: 0.58
EPS (TTM): ₹102.63
Book value / share: ₹1,424.24
ROE: —
ROCE: 14.90%
Operating margin: —
Net margin: —
Debt / equity: 0.06
Net debt: ₹176.34 Cr
Interest cover: 14.69
Dividend yield: 2.06%
Dividend / share (TTM): ₹17.00
Payout: 16.56%
Cash conversion cycle: 216.7 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
	539.53	559.18	490.28	490.82	632.31	435.23	531.09	464.22	375.07	433.27	448.06	443.65
	417.17	-158.96	75.52	-153.46	648.86	-116.42	97.06	179.20	561.00	174.39	79.16	59.56
	956.70	400.22	565.80	337.36	1,281	318.81	628.15	643.42	936.07	607.66	527.22	503.21
	458.88	472.54	444.28	478.59	585.24	373.18	514.42	425.97	360.45	432.88	418.75	416.58
	289.32	283.37	265.26	258.72	265.22	241.86	267.64	173.69	185.88	206.53	208.56	241.04
	48.28	8.25	18.93	22.59	32.46	38.97	48.16	86.76	17.36	16.22	10.16	11.24
	17.11	22.14	34.48	26.16	10.98	-3.09	11.03	12.53	17.82	12.14	11.63	10.87
	4.55	14.03	3.66	13.97	12.44	8.12	6.40	5.48	1.64	1.11	0.22	0.13
	5.63	5.64	5.75	5.92	5.88	6.30	6.33	5.51	5.15	5.04	5.25	5.29
	207.42	185.66	185.20	182.96	203.56	149.08	43.35	52.29	33.67	52.03	42.23	41.45
	497.82	-72.32	121.52	-141.23	695.93	-54.37	113.73	217.45	575.62	174.78	108.47	86.63
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	497.82	-72.32	121.52	-141.23	695.93	-54.37	113.73	217.45	575.62	174.78	108.47	86.63
	102.10	-1.64	28.78	-22.21	158.03	3.79	23.41	74.75	119.57	32.77	23.17	24.62
	395.72	-70.68	92.74	-119.02	537.90	-58.16	90.32	142.70	456.05	142.01	85.30	62.01
	135.01	-24.21	30.55	-41.55	184.17	-20.96	31.20	49.41	156.82	48.81	29.32	21.30
Key metrics
	508.00	-52.65	130.93	-121.34	714.25	-39.95	126.46	228.44	582.41	180.93	113.94	92.05
	94.20%	-9.40%	26.70%	-24.70%	113.00%	-9.20%	23.80%	49.20%	155.30%	41.80%	25.40%	20.70%
	73.30%	-12.60%	18.90%	-24.20%	85.10%	-13.40%	17.00%	30.70%	121.60%	32.80%	19.00%	14.00%
	—	-1.30%	—	-2.90%	—	-1.20%	—	—	—	—	—	—
	-14.70%	28.50%	-7.70%	5.70%	68.60%	0.50%	18.50%	4.60%	—	—	—	—
	-26.40%	-21.50%	2.70%	-183.40%	17.90%	-141.00%	5.90%	130.10%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	2,080	2,173	1,806	1,729	2,885	2,992
	180.27	411.96	720.84	357.52	174.93	32.11
	2,260	2,585	2,526	2,086	3,060	3,025
	1,854	1,981	1,674	1,637	2,321	1,942
	1,097	1,073	869.07	920.26	1,230	1,009
	98.05	82.23	191.25	61.79	105.57	202.39
	99.89	93.76	38.29	45.08	65.86	84.45
	36.21	44.10	21.64	1.63	2.24	1.14
	22.94	23.19	23.29	20.78	20.21	16.91
	761.24	757.38	583.36	165.87	339.60	313.69
	405.79	603.90	852.43	449.53	738.72	1,082
	0.00	0.00	0.00	0.00	-101.92	0.00
	405.79	603.90	852.43	449.53	636.80	1,082
	107.03	162.96	221.52	100.57	137.81	264.23
	298.76	440.94	630.91	348.96	498.99	818.04
	99.80	148.96	216.47	119.87	171.41	281.00
Key metrics
	464.94	671.19	897.36	471.94	659.25	1,100
	22.35%	30.90%	49.70%	27.30%	22.90%	36.80%
	14.36%	20.30%	34.90%	20.20%	17.30%	27.30%
	—	14.90%	21.80%	—	—	—
	0.82%	20.30%	4.50%	-40.10%	-3.60%	—
	-58.08%	-30.10%	80.80%	-30.10%	-39.00%	—
	—	-34.74	19.60	—	—	—
	—	-0.02	0.08	—	—	—
	—	0.06	0.16	—	—	—
	—	176.34	563.45	—	—	—
	—	216.7	221.6	—	—	—
Balance sheet
	—	4,894	4,849	—	—	—
	—	3,331	3,367	—	—	—
	—	58.96	21.80	—	—	—
	—	130.46	143.35	—	—	—
	—	1,247	1,086	—	—	—
	—	108.35	62.92	—	—	—
	—	287.74	295.62	—	—	—
	—	86.64	133.06	—	—	—
	—	534.18	847.69	—	—	—
	—	235.30	585.25	—	—	—
	—	231.18	576.75	—	—	—
	—	4.12	8.50	—	—	—
	—	4,158	3,755	—	—	—
Cash flow
	—	-9.86	49.77	—	—	—
	—	481.46	-590.96	—	—	—
	—	-434.44	522.15	—	—	—
	—	24.88	30.17	—	—	—

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
	570.56	577.07	518.54	502.08	653.72	438.81	540.02	470.31	370.51	433.18	447.99	442.29
	431.97	162.55	88.90	141.55	660.32	-112.57	97.99	180.17	561.03	171.92	79.27	61.02
	1,003	414.94	607.44	360.53	1,314	326.24	638.01	650.48	931.54	605.10	527.26	503.31
	510.90	523.38	495.20	501.41	619.33	389.83	519.10	426.09	352.78	436.47	416.88	413.34
	232.79	232.69	194.40	207.64	215.66	198.38	212.04	176.90	185.88	206.53	208.56	241.36
	183.96	219.91	188.94	128.16	145.66	130.14	120.62	87.59	12.58	16.15	10.14	9.47
	16.19	21.26	33.33	25.34	10.20	3.80	10.48	12.16	17.64	12.00	11.56	10.87
	4.44	13.31	3.40	12.11	12.10	7.76	6.09	5.80	1.26	1.04	0.22	0.12
	4.51	4.45	3.35	3.53	3.53	3.78	3.75	3.72	3.65	3.65	3.88	3.87
	181.05	157.53	144.00	156.59	177.76	124.21	44.08	51.06	32.92	57.36	41.89	41.22
	491.63	-108.44	112.24	-140.88	694.71	-63.59	118.91	224.39	578.76	168.63	110.38	89.97
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	491.63	-108.44	112.24	-140.88	694.71	-63.59	118.91	224.39	578.76	168.63	110.38	89.97
	97.37	-20.44	25.76	-28.81	152.72	2.64	23.71	72.56	119.33	31.07	23.00	24.38
	394.26	-88.00	86.48	-112.07	541.99	-66.23	95.20	151.83	459.43	137.56	87.38	65.59
	135.43	-30.24	29.72	-38.50	186.18	-22.75	32.70	52.15	157.82	47.25	30.02	22.53
Key metrics
	500.58	-90.68	118.99	-125.24	710.34	-52.05	128.75	233.91	583.67	173.32	114.48	93.96
	87.70%	-15.70%	22.90%	-24.90%	108.70%	-11.90%	23.80%	49.70%	157.50%	40.00%	25.60%	21.20%
	69.10%	-15.20%	16.70%	-22.30%	82.90%	-15.10%	17.60%	32.30%	124.00%	31.80%	19.50%	14.80%
	—	-2.20%	—	-2.90%	—	-1.40%	—	—	—	—	—	—
	-12.70%	31.50%	-4.00%	6.80%	76.40%	1.30%	20.50%	6.30%	—	—	—	—
	-27.30%	-32.90%	-9.20%	-173.80%	18.00%	-148.10%	8.90%	131.50%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	2,168	2,251	1,820	1,723	2,908	3,058
	824.97	445.54	726.62	356.94	180.65	34.79
	2,385	2,697	2,546	2,080	3,088	3,092
	2,031	2,139	1,688	1,631	2,423	2,022
	867.52	870.33	773.20	912.57	1,088	966.52
	720.97	682.67	350.93	79.51	482.56	340.70
	96.12	90.56	36.48	44.61	62.62	83.50
	33.26	40.92	20.91	1.55	2.16	1.14
	15.84	18.45	14.90	15.17	14.51	15.28
	639.17	654.34	534.39	170.30	318.40	308.50
	354.55	557.63	858.47	449.07	664.97	1,070
	0.00	0.00	0.00	—	-101.92	—
	354.55	564.23	858.47	449.07	563.05	1,070
	73.88	129.46	218.24	98.04	136.54	262.29
	280.67	434.77	640.23	351.03	426.51	807.69
	96.41	149.35	219.92	120.58	146.51	277.44
Key metrics
	403.65	623.60	894.28	465.79	579.72	1,086
	18.62%	27.70%	49.10%	27.00%	19.90%	35.50%
	12.94%	19.30%	35.20%	20.40%	14.70%	26.40%
	—	14.20%	22.50%	—	—	—
	3.11%	23.70%	5.60%	-40.70%	-4.90%	—
	-61.17%	-32.10%	82.40%	-17.70%	-47.20%	—
	—	-6.35	525.92	—	—	—
	—	-0.01	0.83	—	—	—
	—	0.06	0.15	—	—	—
	—	187.56	545.50	—	—	—
	—	112.8	124.7	—	—	—
Balance sheet
	—	4,757	4,716	—	—	—
	—	3,223	3,263	—	—	—
	—	41.33	16.36	—	—	—
	—	145.45	145.40	—	—	—
	—	628.99	588.04	—	—	—
	—	98.68	51.90	—	—	—
	—	114.38	135.28	—	—	—
	—	79.19	112.16	—	—	—
	—	509.72	802.48	—	—	—
	—	228.89	561.86	—	—	—
	—	228.89	561.86	—	—	—
	—	0.00	0.00	—	—	—
	—	4,075	3,685	—	—	—
Cash flow
	—	-2.79	531.66	—	—	—
	—	446.81	-1,056	—	—	—
	—	-419.05	505.11	—	—	—
	—	3.56	5.74	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: -8.17%
Sales CAGR 5Y: —
Profit CAGR 3Y: +0.64%
Profit CAGR 5Y: —
Sales YoY (TTM): +3.11%
Profit YoY (TTM): -61.17%

Consolidated

Sales CAGR 3Y: -9.02%
Sales CAGR 5Y: —
Profit CAGR 3Y: -4.04%
Profit CAGR 5Y: —
Sales YoY (TTM): +0.82%
Profit YoY (TTM): -58.08%

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: 74.96%

Quarter	September 2026	June 2026
Promoter %	74.96%	74.96%

Holder	Type	Holding	Previous	Change
SHEELA DEVI AGARWALLA	Promoter Group	25.63%	25.63%	0.00%
SUBHAS CHANDRA AGARWALLA	Promoter	25.63%	25.63%	0.00%
SIDDHARTHA SHANKAR AGARWALLA	Promoter Group	16.80%	16.80%	0.00%
PRAHLAD RAI AGARWALLA	Promoter Group	2.38%	2.38%	0.00%
SARITA DEVI AGARWALLA	Promoter Group	2.29%	2.29%	0.00%
SONAM AGARWALLA	Promoter Group	1.27%	1.27%	0.00%
PRAHLAD RAI AGARWALLA HUF	Promoter Group	0.37%	0.37%	0.00%
SUDHANSHU AGARWALLA	Promoter Group	0.17%	0.17%	0.00%
SUBODH AGARWALLA	Promoter Group	0.17%	0.17%	0.00%
TRIPTI AGARWALLA	Promoter Group	0.09%	0.09%	0.00%
MITU AGARWALLA	Promoter Group	0.09%	0.09%	0.00%
AVINASH AGARWALLA	Promoter Group	0.07%	0.07%	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
Indian Metals & Ferro Alloys Limited	6,091	1,128.90	11.61	18.80%	+32.06% TTM	+73.78% TTM	-8.26%
Maithan Alloys Limited	2,406	826.60	8.05	14.90%	+0.82% TTM	-58.08% TTM	-24.84%
VISA Chrome Limited	472	32.41	0.46	-583.90%	-15.01% TTM	+305.08% TTM	-53.34%
NILACHAL CARBO METALICKS LIMITED	257	103.12	—	13.90%	—	—	-6.25%
Nagpur Power & Industries Ltd	194	148.25	-72.23	1.10%	+30.56% TTM	-205.93% TTM	+49.60%
Shyam Century Ferrous Limited S	100	4.50	-16.07	-7.60%	-91.53% TTM	+44.13% TTM	-33.53%
Indsil Hydro Power and Manganese Limited S	83	29.97	5.98	7.20%	+13.66% TTM	+202.20% TTM	-39.22%
FACOR Alloys Limited	59	3.02	4.88	-17.10%	-0.81% TTM	+131.25% TTM	-5.33%
Impex Ferro tech Ltd. S	51	5.75	—	12.30%	—	—	+201.05%
Chrome Silicon Limited S	17	38.01	-6.29	-10.80%	-93.31% TTM	+88.19% TTM	-19.89%

Filings & corporate actions

Recent announcements

Maithan Alloys Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/11/2026 ,inter alia, to consider and approve and take on records the Standalone ....28 Oct 2026 · Board Meeting / Board Meeting
Acquisition of Equity Shares through Stock Exchange.23 Oct 2026 · Company Update / Acquisition
Acquisition of Equity Shares through Stock Exchange.22 Oct 2026 · Company Update / Acquisition
Acquisition of Equity Shares through Stock Exchange.22 Oct 2026 · Company Update / Acquisition
Incorporation of a Subsidiary of the Company17 Oct 2026 · Company Update / Acquisition
Acquisition of Equity Shares through Stock Exchange.17 Oct 2026 · Company Update / Acquisition
Compliance Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended on 30th September, 2026.15 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Acquisition of Equity Shares through Stock Exchange.14 Oct 2026 · Company Update / Acquisition
Disclosure under Regulation 30 of SEBI (LODR), 2015.13 Oct 2026 · Company Update / General
Acquisition of Equity Shares through Stock Exchange.13 Oct 2026 · Company Update / Acquisition
Acquisition of Equity Shares through Stock Exchange.10 Oct 2026 · Company Update / Acquisition
Acquisition of Equity Shares through Stock Exchange.10 Oct 2026 · Company Update / Acquisition
Acquisition of Equity Shares through Stock Exchange.9 Oct 2026 · Company Update / Acquisition
Acquisition of Equity Shares through Stock Exchange.9 Oct 2026 · Company Update / Acquisition
Acquisition of Equity Shares through Stock Exchange.7 Oct 2026 · Company Update / Acquisition
Acquisition of Equity Shares through Stock Exchange.5 Oct 2026 · Company Update / Acquisition
Announcement of Voting Results together with Scrutinizers Report in respect of 41st Annual General Meeting of the Company.29 Sep 2026 · AGM/EGM / AGM
Announcement of Voting Results together with Scrutinizers Report in respect of 41st Annual General Meeting of the Company.29 Sep 2026 · AGM/EGM / AGM
Proceedings of the 41st Annual General Meeting held on 28th September, 2026.29 Sep 2026 · AGM/EGM / AGM
Intimation of Closure of Trading Window w.e.f. 1st October, 2026.24 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Acquisition of Equity Shares through Stock Exchange.24 Sep 2026 · Company Update / Acquisition
Communication regarding Tax deducted at Source on Final Dividend for the Financial Year 2025-2026.22 Sep 2026 · Corp Action / Dividend Updates
Acquisition of Equity Shares through Stock Exchange.22 Sep 2026 · Company Update / Acquisition
Acquisition of Equity Shares through Stock Exchange.22 Sep 2026 · Company Update / Acquisition
Newspaper publication in connection with an intimation of opening of Special Window for Re-lodgement of Transfer request of Physical Shares.17 Sep 2026 · Company Update / Newspaper Publication
Acquisition of Equity Shares through Stock Exchange.11 Sep 2026 · Company Update / Acquisition
Intimation of the decision of the National Stock Exchange of India Limited on the application for re-classification under Regulation 31A of the Securities and Exchange Board of India (Listing ....10 Sep 2026 · Company Update / General
Acquisition of Equity Shares through Stock Exchange.10 Sep 2026 · Company Update / Acquisition
Acquisition of Equity Shares through Stock Exchange.9 Sep 2026 · Company Update / Acquisition
Newspaper publication relating to the dispatch of Notice of the 41st Annual General Meeting of the Company.7 Sep 2026 · Company Update / Newspaper Publication
Business Responsibility and Sustainability Report for the Financial Year 2025-2026.5 Sep 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Annual Report for the Financial Year 2025-2026.5 Sep 2026 · Others / Reg. 34 (1) Annual Report
Notice convening the 41st Annual General Meeting of the Company to be held on 28th September, 2026 at 11:30 a.m. through Video Conferencing/Other Audio Visual Means.5 Sep 2026 · AGM/EGM / AGM
Public Notice by way of advertisement regarding the 41st Annual General Meeting.3 Sep 2026 · Company Update / Newspaper Publication
Newspaper advertisement relating to the publication of the Extract of Standalone and Consolidated Un-Audited Financial Results of the Company for the quarter ended 30.06.2026.14 Aug 2026 · Company Update / Newspaper Publication
As attached.13 Aug 2026 · Corp. Action / Record Date
Approval of Material Related Party Transactions with Maithan Ferrous Private Limited ( a subsidiary of the Company) and alteration of the constitution of Board Committees by the Board of Directors.13 Aug 2026 · Company Update / General
Change in Management - Change in designation of Executive Directors.13 Aug 2026 · Company Update / Change in Management
Change in Management - Appointment/Re-appointment of Independent Directors.13 Aug 2026 · Company Update / Change in Management
Standalone and Consolidated Unaudited Financial Results for the quarter ended on 30th June, 2026.13 Aug 2026 · Board Meeting / Outcome of Board Meeting

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 6.0000	21 Sep 2026	21 Sep 2026	—
Interim Dividend - Rs. - 11.0000	22 May 2026	22 May 2026	—
Final Dividend - Rs. - 6.0000	19 Sep 2025	19 Sep 2025	—
Interim Dividend - Rs. - 7.0000	6 Jun 2025	6 Jun 2025	—
Interim Dividend - Rs. - 3.0000	18 Feb 2025	19 Feb 2025	—
Final Dividend - Rs. - 6.0000	20 Sep 2024	—	—

Board meetings

5 Nov 2026 Board Meeting - Financial Results
13 Aug 2026 Board Meeting - Financial Results
4 Aug 2026 Board Meeting - Financial Results