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Earnings Call

Maan Aluminium Earnings Call: Key Takeaways

Maan Aluminium transitioned toward value-added products in FY26. While revenue stayed flat at ₹809cr, EBITDA grew 3% to ₹31cr despite global energy crises and export headwinds.

Why this was an Alfa AlertNot a filter event. Financials were flat or declined, and no 50%+ single-year growth was guided.
Highlights
Revenue growthFlat YoY at ₹809cr.
MarginsCompressed due to raw material and energy costs; focus on 25% margin segments.
Demand visibilityStrong inquiry pipeline in defense, aerospace, and solar sectors.
Management confidenceHigh on long-term value from new Italian extrusion press investments.

Growth

Revenue flat at ₹809cr; EBITDA up 3% to ₹31cr; PAT fell 19% to ₹13cr due to energy costs.

Outlook

Planned capex of ₹40-50cr for FY27 and ₹35-40cr for FY28; target 75% capacity utilization in 3 years.

Risks

US tariffs, high commodity prices, geopolitical uncertainty, and restricted gas supply impacting production efficiency.

Last quarter's promises, checked

Delivered

  • Italian press commissioning → Commissioned in March '25 (= BEAT)
  • Acquire Dewas facility → Acquired in March '25 via slump sale (= BEAT)
  • Expand capacity to 24,000 MT → Expanded from 10,000 to 24,000 MT (= BEAT)

Partly delivered

  • Dewas commercial commissioning → Trial projects started, 8-10 month delay (= PARTIAL)
  • Capacity utilization → 25% achieved vs 45% consolidated target (= PARTIAL)

Missed

  • Revenue growth → Flat YoY at ₹809cr vs 10-13% mfg growth guidance (= MISS)
  • PAT growth → Fell 19% to ₹13cr vs stable INR 11cr 9M trend (= MISS)
Source

Earnings Call filed with NSE, NSE: MAANALU. Summary written with AI assistance from the document.

Read the document ↗

Maan Aluminium Ltd: key numbers

Share price
₹100.18
Market cap
₹600.9 Cr
Revenue (annual)
₹808.7 Cr
Net profit (annual)
₹13.03 Cr
P/E (TTM)
44.9×Sector 19.0×
Promoter holding
55.82%+0.00% QoQ
FII holding
0.00%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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