MAANALU

Maan Aluminium Limited

Aluminium extrusion converter and downstream products manufacturer

Commodities›Metals & Mining›Non - Ferrous Metals›Aluminium

maanaluminium.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹100.34
Market cap
604 Cr
Stock P/E
43.0
P/B
2.19
Dividend yield
0.7%
ROE (FY26)
4.7%
ROCE (FY26)
7.0%
Operating margin (FY26)
1.6%
Debt / equity (FY26)
0.20
OCF / EBITDA (3Y)
57.4%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Maan Aluminium turns primary aluminium into extruded profiles and finished components such as anodised and machined parts for industrial customers in India and abroad, and also trades primary aluminium bought from Hindalco.

Company snapshot

6thBy market cap

Ranked among 7 companies in Aluminium.

What we see

Positives
  • ✓Debt-to-equity of 0.20x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Net margin is very thin at 1.6% — little room for error if costs rise.

Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales295 Cr213 Cr237 Cr177 Cr205 Cr182 Cr246 Cr211 Cr191 Cr152 Cr255 Cr232 Cr
Operating expenses (approx.)284 Cr202 Cr228 Cr172 Cr198 Cr177 Cr238 Cr206 Cr183 Cr146 Cr253 Cr226 Cr
EBITDA11 Cr11 Cr9 Cr5 Cr8 Cr5 Cr8 Cr5 Cr8 Cr6 Cr2 Cr5 Cr
OPM %3.7%5.1%3.9%2.8%3.7%2.6%3.1%2.3%4.2%3.7%0.6%2.3%
Other income2 Cr2 Cr3 Cr1 Cr1 Cr1 Cr1 Cr2 Cr3 Cr2 Cr4 Cr2 Cr
Interest0.81 Cr1 Cr0.80 Cr0.62 Cr0.54 Cr0.96 Cr1 Cr1 Cr2 Cr1 Cr0.77 Cr0.78 Cr
Depreciation1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr
Profit before tax11 Cr10 Cr10 Cr4 Cr7 Cr4 Cr6 Cr4 Cr8 Cr4 Cr3 Cr4 Cr
Tax %25.9%25.7%25.3%24.0%25.9%24.7%36.7%25.4%25.7%25.5%32.3%13.7%
Net profit8 Cr7 Cr7 Cr3 Cr5 Cr3 Cr4 Cr3 Cr6 Cr3 Cr2 Cr4 Cr
EPS (₹)₹1.46₹1.38₹1.35₹0.63₹0.95₹0.56₹0.73₹0.50₹1.07₹0.52₹0.29₹0.62

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales356 Cr449 Cr652 Cr524 Cr403 Cr572 Cr814 Cr953 Cr810 Cr809 CrSign in free for the trailing twelve months
Operating expenses (approx.)348 Cr436 Cr634 Cr512 Cr378 Cr539 Cr743 Cr908 Cr785 Cr789 CrSign in free for the trailing twelve months
EBITDA8 Cr13 Cr18 Cr12 Cr25 Cr33 Cr71 Cr45 Cr25 Cr20 CrSign in free for the trailing twelve months
OPM %2.3%2.8%2.8%2.4%6.1%5.7%8.8%4.7%3.1%2.5%Sign in free for the trailing twelve months
Other income5 Cr5 Cr5 Cr4 Cr2 Cr5 Cr5 Cr8 Cr5 Cr11 CrSign in free for the trailing twelve months
Interest6 Cr6 Cr6 Cr5 Cr4 Cr5 Cr5 Cr4 Cr3 Cr5 CrSign in free for the trailing twelve months
Depreciation2 Cr2 Cr2 Cr2 Cr3 Cr3 Cr4 Cr5 Cr6 Cr7 CrSign in free for the trailing twelve months
Profit before tax5 Cr10 Cr14 Cr9 Cr20 Cr30 Cr67 Cr44 Cr22 Cr18 CrSign in free for the trailing twelve months
Tax %36.1%34.3%36.2%17.5%25.6%26.1%25.5%25.5%28.4%26.6%Sign in free for the trailing twelve months
Net profit3 Cr6 Cr9 Cr8 Cr15 Cr22 Cr50 Cr33 Cr16 Cr13 CrSign in free for the trailing twelve months
EPS (₹)₹4.83₹9.49₹13.64₹11.17₹21.89₹16.26₹36.96₹6.06₹2.87₹2.35Sign in free for the trailing twelve months
Dividend payout %————4.6%22.2%8.1%0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital3 Cr7 Cr7 Cr7 Cr7 Cr14 Cr14 Cr27 Cr27 Cr30 Cr
Reserves26 Cr29 Cr37 Cr43 Cr57 Cr71 Cr117 Cr136 Cr151 Cr245 Cr
Borrowings68 Cr40 Cr53 Cr30 Cr72 Cr65 Cr55 Cr32 Cr90 Cr54 Cr
Other liabilities8 Cr38 Cr29 Cr12 Cr24 Cr22 Cr39 Cr30 Cr32 Cr34 Cr
Total liabilities106 Cr113 Cr126 Cr92 Cr160 Cr171 Cr225 Cr225 Cr300 Cr363 Cr
Fixed assets (net)21 Cr23 Cr27 Cr28 Cr36 Cr44 Cr50 Cr53 Cr105 Cr106 Cr
CWIP————0.40 Cr0.39 Cr0.85 Cr2 Cr0.01 Cr16 Cr
Investments————0.0050 Cr0.0050 Cr0.51 Cr5 Cr6 Cr9 Cr
Inventories16 Cr10 Cr11 Cr16 Cr33 Cr37 Cr35 Cr40 Cr58 Cr67 Cr
Trade receivables59 Cr68 Cr82 Cr38 Cr62 Cr73 Cr116 Cr89 Cr104 Cr91 Cr
Cash & bank0.07 Cr0.04 Cr0.14 Cr0.05 Cr6 Cr0.10 Cr0.09 Cr0.05 Cr0.04 Cr0.09 Cr
Other assets9 Cr13 Cr6 Cr10 Cr22 Cr17 Cr23 Cr37 Cr26 Cr76 Cr
Total assets106 Cr113 Cr126 Cr92 Cr160 Cr171 Cr225 Cr225 Cr300 Cr363 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-7 Cr36 Cr-4 Cr30 Cr-19 Cr15 Cr29 Cr33 Cr0.19 Cr18 Cr
Cash from investing1 Cr1 Cr-3 Cr-1 Cr-12 Cr-7 Cr-10 Cr-6 Cr-54 Cr-60 Cr
Cash from financing6 Cr-35 Cr6 Cr-28 Cr38 Cr-14 Cr-19 Cr-27 Cr54 Cr42 Cr
Net cash flow-0.23 Cr2 Cr-1 Cr0.61 Cr6 Cr-6 Cr-0.01 Cr-0.04 Cr-0.01 Cr0.05 Cr
Free cash flow (OCF − Capex)-10 Cr33 Cr-11 Cr26 Cr-31 Cr3 Cr19 Cr25 Cr-56 Cr-7 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %11.5%20.8%21.7%17.3%17.4%23.2%38.8%24.4%9.3%7.0%
ROE %11.0%18.2%21.1%15.1%23.1%26.1%38.4%20.1%8.7%4.7%
Debtor days61554627564652344741
Inventory days85464059103755878110120
Days payable131517415432350423839
Cash conversion cycle133-501271116985970120122
OCF / EBITDA %n.m.n.m.n.m.n.m.-79.5%46.0%40.7%75.0%0.8%n.m.
OCF / EBITDA % (3 years)——n.m.n.m.12.0%37.4%19.2%52.2%44.5%57.4%
Debt / equity2.291.121.200.591.130.770.420.200.500.20
Current ratio1.191.251.291.711.361.551.902.551.833.03
Net debt / EBITDA8.363.11————0.770.713.572.68