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Maan Aluminium Limited
(MAANALU)
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Rating:48Neutral
Price Target:
₹99.00
▼(-36.48% Downside)
Action:Reiterated
Date:07/30/26
The score is held back primarily by weakening operating performance (stalled revenues and sharply compressed margins) and inconsistent cash generation with negative free cash flow. Technicals are also unfavorable with the price below key medium/long-term moving averages. The main offset is an improved balance sheet with materially lower leverage, but the high P/E valuation limits upside without a clear earnings and cash-flow recovery.
Positive Factors
Lower Leverage
The substantial reduction in debt relative to equity indicates a cleaner capital structure and improves financial resilience. Lower leverage can provide more flexibility to manage weaker operating periods, support investment, and reduce dependence on external funding as the business navigates margin pressure.
Negative Factors
Stalled Revenue Growth
The earlier period of strong revenue expansion has lost momentum, with sales stagnating and then declining slightly. A sustained lack of top-line growth can limit operating leverage, reduce reinvestment capacity, and make recovery increasingly dependent on margin improvement rather than market expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Lower Leverage
The substantial reduction in debt relative to equity indicates a cleaner capital structure and improves financial resilience. Lower leverage can provide more flexibility to manage weaker operating periods, support investment, and reduce dependence on external funding as the business navigates margin pressure.
Read all positive factors
Maan Aluminium Limited (MAANALU) vs. iShares MSCI India ETF (INDA)
Market Cap
₹6.05B
Dividend Yield1.45%
Average Volume (3M)8.09K
Price to Earnings (P/E)40.9
Beta (1Y)0.94
Revenue Growth-1.80%
EPS Growth-10.89%
CountryIN
Employees262
SectorGeneral
Sector StrengthN/A
IndustryAluminum
Share Statistics
EPS (TTM)2.45
Shares Outstanding59,984,863
10 Day Avg. Volume12,215
30 Day Avg. Volume8,089
Financial Highlights & Ratios
PEG Ratio-2.84
Price to Book (P/B)2.44
Price to Sales (P/S)0.83
P/FCF Ratio-105.73
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Maan Aluminium Limited Business Overview & Revenue Model
Company Description
Maan Aluminium Limited, an Indian company founded in 1989 in New Delhi (initially named Man Aluminium Limited), specializes in the production and commercialization of a broad spectrum of aluminum products. While primarily serving the Indian market...
Maan Aluminium Limited Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
70
Positive
Cash Flow
39
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.29B | 8.09B | 8.10B | 9.53B | 8.14B | 5.72B |
| Gross Profit | 803.90M | 741.20M | 739.30M | 1.18B | 1.28B | 602.13M |
| EBITDA | 274.30M | 306.00M | 304.20M | 523.38M | 764.47M | 369.20M |
| Net Income | 134.00M | 130.30M | 155.10M | 327.49M | 499.71M | 219.79M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 3.63B | 3.00B | 2.25B | 2.25B | 1.71B |
| Cash, Cash Equivalents and Short-Term Investments | 469.70M | 469.70M | 61.40M | 51.72M | 29.31M | 4.27M |
| Total Debt | 0.00 | 547.90M | 901.60M | 326.03M | 561.08M | 655.98M |
| Total Liabilities | -2.75B | 883.80M | 1.21B | 620.03M | 946.14M | 870.69M |
| Stockholders Equity | 2.75B | 2.75B | 1.78B | 1.63B | 1.30B | 843.73M |
Cash Flow | ||||||
| Free Cash Flow | 92.20M | -63.40M | -564.40M | 249.47M | 186.93M | 31.50M |
| Operating Cash Flow | 141.70M | 178.70M | -9.70M | 334.75M | 290.24M | 150.97M |
| Investing Cash Flow | -34.00M | -652.50M | -565.40M | -63.10M | -101.69M | -73.24M |
| Financing Cash Flow | -107.70M | 474.20M | 575.00M | -272.02M | -188.65M | -138.09M |
Maan Aluminium Limited Technical Analysis
Negative
155.85
Price Trends
115.35
Negative
122.02
Negative
134.05
Negative
Market Momentum
-4.68
Positive
29.34
Positive
18.14
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MAANALU, the sentiment is Negative. The current price of 155.85 is above the 20-day moving average (MA) of 107.77, above the 50-day MA of 115.35, and above the 200-day MA of 134.05, indicating a bearish trend. The MACD of -4.68 indicates Positive momentum. The RSI at 29.34 is Positive, neither overbought nor oversold. The STOCH value of 18.14 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MAANALU.
Maan Aluminium Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹2.15T | 12.75 | ― | 0.53% | 20.28% | -3.12% | |
58 Neutral | ₹2.01B | 12.01 | ― | 1.94% | 18.16% | 25.55% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | ₹2.25B | 25.42 | ― | 0.15% | 1.29% | 28.42% | |
50 Neutral | ₹839.27M | 17.47 | ― | ― | 2.69% | 122.58% | |
48 Neutral | ₹6.05B | 40.89 | ― | 1.45% | -1.80% | -10.89% | |
44 Neutral | ₹28.84B | 5,559.35 | ― | 0.30% | 3.14% | -97.76% |
* General Sector Average
IN:MAANALU
Maan Aluminium Limited
99.75
-12.45
-11.10%
IN:CENTEXT
Century Extrusions Ltd
18.23
-3.71
-16.91%
IN:GOYALALUM
Goyal Aluminiums Limited
5.97
-1.33
-18.22%
IN:HINDALCO
Hindalco Industries Limited
944.40
182.32
23.92%
IN:KABRAEXTRU
Kabra ExtrusionTechnik Ltd.
762.15
507.00
198.71%
IN:MANAKALUCO
Manaksia Aluminium Company Ltd
33.65
2.04
6.46%
Maan Aluminium Limited Corporate Events
Maan Aluminium Publishes Q1 FY27 Results Notice in Leading Dailies
Aug 15, 2026
Maan Aluminium Limited has notified the exchanges that it has published a newspaper advertisement regarding its unaudited financial results for the quarter ended 30 June 2026. The publication follows a board meeting held on 13 August 2026 to consi...
Maan Aluminium Reports Utilisation of Preferential Issue Funds for June Quarter
Aug 14, 2026
Maan Aluminium Limited informed the stock exchanges that it has prepared a statement detailing any deviation or variation in the use of funds raised through a preferential issue of equity. The disclosure relates to the quarter ended June 30, 2026 ...
Maan Aluminium Shares Q1 FY27 Investor Presentation Highlighting Value-Added Shift
Aug 13, 2026
Maan Aluminium Limited has released an investor presentation for the first quarter of fiscal year 2027, in line with disclosure obligations under SEBI’s Listing Regulations. The presentation, available on the company’s website, outline...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.