MOIL

MOIL Limited

Manganese ore producer and ferro-alloy/products maker, a Government of India Navratna PSU

Commodities›Metals & Mining›Minerals & Mining›Industrial Minerals

moil.nic.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-19

Stock price
₹231.16
Market cap
4,699 Cr
Stock P/E
15.5
P/B
1.74
Dividend yield
3.0%
ROE (FY20)
9.0%
ROCE (FY20)
12.3%
Operating margin (FY20)
15.4%
Debt / equity (FY20)
0.00
OCF / EBITDA (FY26)
37.9%
OCF / EBITDA (3Y)
61.2%

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

MOIL is a Government of India enterprise that mines manganese ore in India and sells it, with a smaller manufactured-products business and a power business.

Company snapshot

5thBy market cap

Ranked among 9 companies in Industrial Minerals.

Segment mix

Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.

Largest segment: 89.6% of revenue

SegmentRevenue shareRevenuePBTAssets
Manufactured products
11.9%
44 Cr8 Cr67 Cr
Mining products
89.6%
329 Cr49 Cr1,672 Cr
Power
0.6%
2 Cr-0.98 Cr63 Cr

Shares add up to 102% because segment revenues are before inter-segment eliminations.

What we see

Positives
  • ✓Debt-to-equity of 0.00x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Interest coverage of 0.0x — earnings barely cover interest payments, which is a warning sign.

Statement tables · Standalone

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

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
Sales348 Cr306 Cr416 Cr493 Cr292 Cr367 Cr433 Cr348 Cr348 Cr360 Cr444 Cr371 Cr
Operating expenses (approx.)251 Cr217 Cr288 Cr279 Cr213 Cr272 Cr294 Cr269 Cr249 Cr263 Cr305 Cr235 Cr
EBITDA96 Cr89 Cr128 Cr214 Cr79 Cr95 Cr139 Cr79 Cr100 Cr97 Cr139 Cr136 Cr
OPM %27.7%29.2%30.8%43.4%27.1%25.9%32.2%22.6%28.6%27.0%31.3%36.6%
Other income20 Cr23 Cr24 Cr27 Cr27 Cr33 Cr25 Cr22 Cr30 Cr17 Cr23 Cr20 Cr
Interest0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Depreciation35 Cr37 Cr39 Cr36 Cr38 Cr39 Cr39 Cr37 Cr40 Cr44 Cr48 Cr44 Cr
Profit before tax82 Cr76 Cr113 Cr204 Cr68 Cr89 Cr125 Cr64 Cr90 Cr70 Cr114 Cr112 Cr
Tax %24.6%29.1%19.3%25.4%26.7%28.5%7.7%19.3%21.5%24.3%19.0%21.5%
Net profit62 Cr54 Cr91 Cr152 Cr50 Cr64 Cr116 Cr52 Cr70 Cr53 Cr93 Cr88 Cr
EPS (₹)₹3.02₹2.66₹4.48₹7.49₹2.46₹3.13₹5.68₹2.53₹3.46₹2.60₹4.55₹4.31

Profit & loss (annual)

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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales990 Cr1,323 Cr1,441 Cr1,038 Cr1,177 Cr1,436 Cr1,342 Cr1,449 Cr1,585 Cr1,473 CrSign in free for the trailing twelve months
Operating expenses (approx.)694 Cr791 Cr845 Cr783 Cr891 Cr895 Cr973 Cr1,012 Cr1,057 Cr1,058 CrSign in free for the trailing twelve months
EBITDA295 Cr533 Cr596 Cr256 Cr287 Cr541 Cr369 Cr438 Cr528 Cr415 CrSign in free for the trailing twelve months
OPM %29.9%40.2%41.4%24.6%24.4%37.7%27.5%30.2%33.3%28.2%Sign in free for the trailing twelve months
Other income221 Cr178 Cr191 Cr181 Cr102 Cr79 Cr77 Cr94 Cr111 Cr93 CrSign in free for the trailing twelve months
Interest0 Cr0 Cr0 Cr0 Cr0 Cr0.74 Cr0 Cr0 Cr0 Cr0 CrSign in free for the trailing twelve months
Depreciation55 Cr62 Cr67 Cr96 Cr99 Cr103 Cr114 Cr144 Cr152 Cr170 CrSign in free for the trailing twelve months
Profit before tax462 Cr648 Cr720 Cr340 Cr240 Cr523 Cr334 Cr387 Cr487 Cr338 CrSign in free for the trailing twelve months
Tax %33.8%34.9%34.2%27.1%26.4%28.0%25.1%24.2%21.6%20.8%Sign in free for the trailing twelve months
Net profit306 Cr422 Cr474 Cr248 Cr177 Cr377 Cr251 Cr293 Cr382 Cr267 CrSign in free for the trailing twelve months
EPS (₹)₹20.21₹21.08₹18.40₹9.80₹7.44₹16.15₹12.31₹14.42₹18.76₹13.14Sign in free for the trailing twelve months
Dividend payout %————73.9%47.0%48.7%29.1%35.0%52.8%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 capital133 Cr258 Cr258 Cr237 Cr237 Cr203 Cr203 Cr203 Cr203 Cr203 Cr
Reserves2,672 Cr2,542 Cr2,825 Cr2,526 Cr2,583 Cr1,938 Cr2,041 Cr2,250 Cr2,434 Cr2,506 Cr
Borrowings0 Cr—————————
Other liabilities268 Cr441 Cr526 Cr539 Cr570 Cr438 Cr447 Cr436 Cr573 Cr496 Cr
Total liabilities3,073 Cr3,241 Cr3,609 Cr3,302 Cr3,390 Cr2,580 Cr2,692 Cr2,889 Cr3,211 Cr3,206 Cr
Fixed assets (net)305 Cr334 Cr420 Cr580 Cr656 Cr672 Cr812 Cr867 Cr852 Cr954 Cr
CWIP116 Cr234 Cr295 Cr240 Cr201 Cr300 Cr261 Cr332 Cr465 Cr483 Cr
Investments0.21 Cr24 Cr115 Cr7 Cr325 Cr232 Cr152 Cr128 Cr78 Cr24 Cr
Loans & advances——5 Cr5 Cr4 Cr4 Cr18 Cr4 Cr4 Cr3 Cr
Inventories122 Cr97 Cr103 Cr178 Cr110 Cr100 Cr170 Cr212 Cr288 Cr363 Cr
Trade receivables241 Cr190 Cr132 Cr134 Cr227 Cr173 Cr143 Cr209 Cr146 Cr140 Cr
Cash & bank2,091 Cr24 Cr21 Cr105 Cr5 Cr25 Cr13 Cr40 Cr3 Cr5 Cr
Other assets197 Cr2,338 Cr2,519 Cr2,053 Cr1,863 Cr1,075 Cr1,123 Cr1,097 Cr1,376 Cr1,233 Cr
Total assets3,073 Cr3,241 Cr3,609 Cr3,302 Cr3,390 Cr2,580 Cr2,692 Cr2,889 Cr3,211 Cr3,206 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 activity118 Cr529 Cr424 Cr58 Cr291 Cr360 Cr212 Cr253 Cr434 Cr157 Cr
Cash from investing-588 Cr-397 Cr-254 Cr588 Cr-360 Cr693 Cr-102 Cr-141 Cr-338 Cr-14 Cr
Cash from financing-81 Cr-213 Cr-173 Cr-562 Cr-131 Cr-1,033 Cr-122 Cr-85 Cr-134 Cr-141 Cr
Net cash flow-550 Cr-82 Cr-3 Cr84 Cr-200 Cr20 Cr-12 Cr27 Cr-37 Cr2 Cr
Free cash flow (OCF − Capex)12 Cr322 Cr215 Cr-142 Cr154 Cr130 Cr-37 Cr-63 Cr112 Cr-140 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020
ROCE %16.5%23.0%23.5%12.3%
ROE %11.0%14.9%15.5%9.0%
Debtor days89523347
Inventory days168011869731691
Days payable574629416389
Cash conversion cycle11956105901349
OCF / EBITDA %39.6%—70.6%22.7%
Debt / equity———0.00
Current ratio———4.57
Net debt / EBITDA-0.36-0.05-0.04-0.41