MAITHAN ALLOYS LTD (MAITHANALL) financials

MAITHAN ALLOYS LTD (MAITHANALL) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Maithan Alloys is engaged in the business of manufacturing and exporting of all three bulk Ferro alloys- Ferro Manganese, Silico Manganese and Ferro Silicon. It is also engaged in the generation and supply of Wind Power and has a Captive Power Plant.[1]

Market Cap: ₹2,525Cr.
Current Price: ₹867
Stock P/E: 9.00
ROE: -0.49%
ROCE: 6.08%
Book Value: ₹1,426
Dividend Yield: 1.96%
52W High / Low: ₹1,210/831

In Jun 2026, MAITHAN ALLOYS LTD (MAITHANALL) reported sales ₹571 Cr and net profit ₹394 Cr.

Annual TTM: sales ₹2,168 Cr, net profit ₹281 Cr.

Shareholding: Promoters 74.96% (Sep 2026), FIIs 0.70% (Sep 2026), DIIs 0.00% (Sep 2026), Public 24.32% (Sep 2026), No. of Shareholders 41,615% (Sep 2026).

MAITHANALL quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	470	540	439	654	502	519	577	571
Expenses	417	509	378	604	486	488	507	502
Operating Profit	54	31	61	50	16	30	70	69
OPM %	11%	6%	14%	8%	3.2%	6%	12%	12%
Other Income	180	98	-113	660	-142	89	-162	432
Interest	6	6	8	12	12	3	13	4
Depreciation	4	4	4	4	4	3	3	5
Profit before tax	224	119	-64	695	-141	112	-108	492
Tax %	32%	20%	4%	22%	-20%	23%	-19%	20%
Net Profit	152	95	-66	542	-112	86	-88	394
EPS in Rs	52.15	32.70	-22.75	186.18	-38.50	29.71	-30.23	135.43
Raw PDF	—	—	—	—	—	—	—	—

MAITHANALL profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	1,816	1,615	3,054	2,905	1,721	1,822	2,187	2,168
Expenses	1,581	1,318	1,996	2,402	1,611	1,653	2,004	1,983
Operating Profit	235	298	1,058	504	110	168	183	185
OPM %	13%	18%	35%	17%	6%	9%	8%	9%
Other Income	66	24	31	79	357	725	443	217
Interest	6	3	3	5	3	23	43	33
Depreciation	16	16	15	15	15	21	18	15
Profit before tax	279	302	1,070	563	449	850	564	355
Tax %	21%	23%	25%	24%	22%	26%	23%	—
Net Profit	222	233	808	427	351	631	435	281
EPS in Rs	76.22	80.05	277.45	146.51	120.58	216.78	149.35	96.41
Dividend Payout %	8%	8%	2%	4%	5%	7%	11%	—

MAITHANALL balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	29	29	29	29	29	29	29	29
Reserves	1,091	1,270	1,502	2,293	2,702	3,041	3,725	4,122
Borrowings	7	10	49	5	12	17	565	231
Other Liabilities	399	212	326	394	286	271	484	472
Total Liabilities	1,526	1,522	1,905	2,722	3,028	3,358	4,803	4,854
Fixed Assets	219	207	193	160	151	145	219	195
CWIP	0	1	0	0	2	1	0	1
Investments	649	26	815	849	938	1,869	3,220	3,003
Other Assets	657	1,287	897	1,713	1,938	1,344	1,364	1,655
Total Assets	1,526	1,522	1,905	2,722	3,028	3,358	4,803	4,854

MAITHANALL cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	315	-45	116	128	958	-440	524	7
Cash from Investing Activity	-270	697	-760	-0	-956	416	-1,049	438
Cash from Financing Activity	-54	-43	37	-62	-13	-14	505	-419
Net Cash Flow	-9	609	-607	66	-11	-37	-20	26
Free Cash Flow	313	-50	116	142	951	-446	519	25
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	121%	2%	59%	38%	217%	-332%	344%	95%

MAITHANALL shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	74.99%	74.96%	74.96%	74.96%	74.96%	74.96%	74.96%	74.96%
FIIs	1.32%	1.12%	1.39%	1.41%	1.24%	1.25%	1.06%	0.70%
DIIs	0.31%	0.20%	0.17%	0.07%	0.06%	0.01%	0.02%	0.00%
Public	23.39%	23.71%	23.48%	23.56%	23.74%	23.78%	23.96%	24.32%
No. of Shareholders	39,418	41,067	39,501	39,696	40,319	40,534	40,301	41,615

MAITHANALL key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	47	56	99	91	53	82	29	21
Inventory Days	85	95	151	176	62	137	202	195
Days Payable	80	26	80	52	32	34	40	27
Cash Conversion Cycle	52	125	170	216	83	185	191	190
Working Capital Days	37	86	112	143	69	211	81	161
ROCE %	32%	20%	20%	55%	23%	12%	28%	6%

MAITHANALLUpdated 20 Oct 2026, 15:56

Maithan Alloys Ltd

MAITHANALLUpdated 20 Oct 2026, 15:56

Market Cap

₹2,525Cr.

Current Price

₹867

High / Low

₹1,210/831

Stock P/E

9.00

ROE-0.49%

ROCE6.08%

Book Value₹1,426

Face Value₹10.0

Dividend Yield1.96%

About

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	400	0	360	45	4	80	24	60	20.78
Sep 2023	442	0	409	61	4	90	27	66	22.53
Dec 2023	448	0	413	79	4	110	21	87	30.02
Mar 2024	433	1	432	172	4	169	18	138	47.25
Jun 2024	371	1	348	561	4	579	21	459	157.82
Sep 2024	470	6	417	180	4	224	32	152	52.15
Dec 2024	540	6	509	98	4	119	20	95	32.7
Mar 2025	439	8	378	-113	4	-64	4	-66	-22.75
Jun 2025	654	12	604	660	4	695	22	542	186.18
Sep 2025	502	12	486	-142	4	-141	-20	-112	-38.5
Dec 2025	519	3	488	89	3	112	23	86	29.71
Mar 2026	577	13	507	-162	3	-108	-19	-88	-30.23
Jun 2026	571	4	502	432	5	492	20	394	135.43

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	882	6	811	3	3	64	20	52	17.71
Mar 2016	1146	17	1015	4	23	96	17	79	27.15
Mar 2017	1337	12	1057	8	25	250	26	186	63.78
Mar 2018	1873	8	1489	15	15	376	22	292	100.22
Mar 2019	1979	8	1654	26	16	327	22	255	87.69
Mar 2020	1816	6	1581	66	16	279	21	222	76.22
Mar 2021	1615	3	1318	24	16	302	23	233	80.05
Mar 2022	3054	3	1996	31	15	1070	25	808	277.45
Mar 2023	2905	5	2402	79	15	563	24	427	146.51
Mar 2024	1721	3	1611	357	15	449	22	351	120.58
Mar 2025	1822	23	1653	725	21	850	26	631	216.78
Mar 2026	2187	43	2004	443	18	564	23	435	149.35
TTM	2168	33	1983	217	15	355	—	281	96.41

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	74.96%
FIIs	0.7%
Public	24.32%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Dec 2023	74.98%	2.14%	0.44%	22.42%
Mar 2024	74.99%	1.87%	0.15%	23%
Jun 2024	74.99%	1.8%	0.41%	22.8%
Sep 2024	74.99%	1.33%	0.45%	23.24%
Dec 2024	74.99%	1.32%	0.31%	23.39%
Mar 2025	74.96%	1.12%	0.2%	23.71%
Jun 2025	74.96%	1.39%	0.17%	23.48%
Sep 2025	74.96%	1.41%	0.07%	23.56%
Dec 2025	74.96%	1.24%	0.06%	23.74%
Mar 2026	74.96%	1.25%	0.01%	23.78%
Jun 2026	74.96%	1.06%	0.02%	23.96%
Sep 2026	74.96%	0.7%	0%	24.32%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	15	320	25	191	551	55	1	125	369	551
Mar 2016	29	366	139	263	797	260	0	47	490	797
Mar 2017	29	563	81	260	934	238	0	84	612	934
Mar 2018	29	846	45	302	1222	233	0	362	626	1222
Mar 2019	29	1091	7	399	1526	219	0	649	657	1526
Mar 2020	29	1270	10	212	1522	207	1	26	1287	1522
Mar 2021	29	1502	49	326	1905	193	0	815	897	1905
Mar 2022	29	2293	5	394	2722	160	0	849	1713	2722
Mar 2023	29	2702	12	286	3028	151	2	938	1938	3028
Mar 2024	29	3041	17	271	3358	145	1	1869	1344	3358
Mar 2025	29	3725	565	484	4803	219	0	3220	1364	4803
Mar 2026	29	4122	231	472	4854	195	1	3003	1655	4854

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	8	4	-21	-8
Mar 2016	136	-11	-101	25
Mar 2017	123	-8	-74	41
Mar 2018	284	-280	-55	-50
Mar 2019	315	-270	-54	-9
Mar 2020	-45	697	-43	609
Mar 2021	116	-760	37	-607
Mar 2022	128	0	-62	66
Mar 2023	958	-956	-13	-11
Mar 2024	-440	416	-14	-37
Mar 2025	524	-1049	505	-20
Mar 2026	7	438	-419	26

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	78	63	62	47	47	56	99	91	53	82	29	21
Inventory Days	75	92	109	93	85	95	151	176	62	137	202	195
Days Payable	54	81	47	55	80	26	80	52	32	34	40	27
Cash Conversion Cycle	98	74	123	85	52	125	170	216	83	185	191	190
Working Capital Days	59	37	55	44	37	86	112	143	69	211	81	161
ROCE %	20%	25%	43%	48%	32%	20%	20%	55%	23%	12%	28%	6%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of MAITHAN ALLOYS LTD (MAITHANALL)?

The reported market capitalisation for MAITHAN ALLOYS LTD (MAITHANALL) is ₹2,525Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of MAITHANALL?

The current price shown for MAITHAN ALLOYS LTD (MAITHANALL) on Fincrux is ₹867 with a 52-week high/low of ₹1,210/831.

What is the P/E ratio of MAITHAN ALLOYS LTD (MAITHANALL)?

The stock P/E for MAITHAN ALLOYS LTD (MAITHANALL) is 9.00 on Fincrux, with ROE at -0.49% and ROCE at 6.08%.

What were MAITHANALL latest quarterly results?

For Jun 2026, MAITHAN ALLOYS LTD (MAITHANALL) reported sales ₹571 Cr and net profit ₹394 Cr (figures in ₹ crore unless noted).

What are MAITHANALL annual sales and net profit?

For TTM, MAITHAN ALLOYS LTD (MAITHANALL) shows sales of ₹2,168 Cr and net profit of ₹281 Cr on the Fincrux profit & loss statement.

Who owns MAITHAN ALLOYS LTD (MAITHANALL)?

Latest shareholding for MAITHAN ALLOYS LTD (MAITHANALL) on Fincrux: Promoters 74.96% (Sep 2026), FIIs 0.70% (Sep 2026), DIIs 0.00% (Sep 2026), Public 24.32% (Sep 2026), No. of Shareholders 41,615% (Sep 2026).

Where can I find MAITHAN ALLOYS LTD (MAITHANALL) financials?

MAITHAN ALLOYS LTD (MAITHANALL) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show MAITHANALL balance sheet and cash flow?

Yes. The MAITHAN ALLOYS LTD (MAITHANALL) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 20 October 2026 at 15:56