Maan Aluminium Ltd

NSE: MAANALU BSE: 532906

₹98.06

+8.31 (9.26%)

Wed, 04 Nov 2026, 03:24 pm

MTF 5xInvest in Maan Aluminium Ltd with 5x Leverage Buy with MTF

Market Cap (in Cr)542.38

PE Ratio40.08

Dividend0

Non-Energy Minerals

Aluminum

24.5K

Maan Aluminium Balance Sheet

Income Statement Balance Sheet Cashflow

Particulars	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Interest expense on debt	-7.48M	-3.34M	-4.60M	-3.86M	-9.02M	-5.06M	-9.74M	-22.29M	-23.71M	-34.94M	-61.07M	-58.68M	-64.33M	-46.26M	-38.82M	-48.83M	-49.47M	-36.84M	-32.53M
Pretax equity in earnings	—	—	—	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Equity in earnings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total assets	295.80M	303.66M	295.78M	0	404.09M	497.53M	595.72M	578.12M	651.02M	900.02M	1.06B	1.14B	1.26B	922.61M	1.61B	1.72B	2.26B	2.26B	3.01B
Total current assets	193.33M	175.51M	157.62M	0	279.94M	299.11M	370.03M	359.80M	444.40M	690.45M	838.41M	904.62M	976.39M	607.10M	1.21B	1.24B	1.71B	1.48B	1.91B
Cash and short term investments	6.60M	8.69M	31.79M	0	11.25M	9.29M	14.15M	10.05M	7.45M	12.53M	10.21M	32.85M	18.11M	24.23M	108.54M	15.11M	29.31M	51.72M	61.41M
Cash & equivalents	6.48M	7.70M	31.69M	—	1.00M	9.29M	14.15M	10.05M	7.45M	5.71M	10.21M	32.85M	18.11M	24.23M	107.94M	15.11M	24.31M	6.74M	4.02M
Short term investments	114.30K	986.00K	105.13K	0	10.24M	0	0	0	0	6.82M	0	0	0	0	592.07K	0	5.00M	44.97M	57.39M
Total receivables, net	131.42M	120.63M	74.53M	—	171.21M	174.28M	186.58M	157.68M	232.28M	480.39M	625.12M	757.70M	840.71M	407.84M	726.70M	789.68M	1.30B	989.20M	1.24B
Accounts receivable - trade, net	97.95M	68.49M	56.50M	—	149.65M	153.49M	159.08M	119.80M	178.30M	427.64M	593.22M	684.92M	821.72M	384.11M	624.38M	726.65M	1.16B	893.07M	1.04B
Other receivables	33.47M	52.14M	18.03M	—	21.56M	20.79M	27.50M	37.88M	53.99M	52.74M	31.89M	72.78M	18.99M	23.73M	102.32M	63.04M	140.10M	96.13M	196.60M
Total inventory	36.03M	34.94M	35.89M	—	72.78M	99.35M	156.10M	179.32M	191.84M	184.54M	188.53M	99.53M	109.09M	167.67M	368.61M	430.56M	359.99M	433.67M	594.72M
Other current assets, total	19.22M	11.19M	15.24M	—	23.85M	5.42M	9.00M	12.30M	11.68M	5.92M	9.15M	11.50M	4.07M	3.37M	3.23M	6.14M	23.53M	5.99M	8.12M
Total non-current assets	102.47M	128.15M	138.16M	0	124.15M	198.42M	225.68M	218.32M	206.62M	209.57M	220.41M	231.74M	283.15M	315.51M	393.50M	474.09M	543.86M	779.14M	1.10B
Long term investments	0	20.12M	24.17M	—	0	0	0	3.62M	3.89M	0	0	3.01M	0	0	5.36M	50.00K	50.00K	50.00K	50.00K
Note receivable - long term	—	—	—	—	0	—	—	0	—	—	—	3.01M	3.37M	—	5.31M	—	—	—	—
Investments in unconsolidated subsidiaries	—	—	—	—	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other investments	0	20.12M	24.17M	—	0	0	0	3.62M	3.89M	0	0	0	0	0	50.00K	50.00K	50.00K	50.00K	50.00K
Net property/plant/equipment	101.16M	106.52M	110.46M	—	123.84M	194.43M	221.72M	214.70M	201.03M	204.46M	214.66M	225.49M	274.78M	307.35M	384.29M	462.59M	527.08M	756.59M	1.07B
Gross property/plant/equipment	109.32M	123.40M	138.36M	—	177.34M	262.08M	307.06M	321.90M	336.42M	354.17M	230.56M	258.30M	327.68M	382.22M	487.24M	596.68M	700.21M	973.86M	1.34B
Deferred tax assets	510.43K	917.17K	1.19M	—	309.23K	1.30M	126.40K	—	1.70M	889.37K	1.90M	1.92M	2.86M	2.29M	3.78M	4.51M	6.96M	11.40M	11.80M
Net intangible assets	0	0	0	—	—	0	0	0	0	0	1.26M	1.26M	1.78M	1.78M	0	—	—	—	3.32M
Goodwill, net	—	—	—	—	—	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other intangibles, net	—	—	—	—	—	0	0	0	0	0	1.26M	1.26M	1.78M	1.78M	0	—	—	—	3.32M
Other long term assets, total	0	0	0	0	0	2.69M	3.83M	0	0	4.22M	2.59M	56.50K	3.73M	4.08M	64.75K	6.95M	9.77M	11.10M	14.37M
Short term debt	8.06M	5.92M	16.12M	—	70.32M	71.80M	132.55M	194.28M	196.65M	524.43M	649.34M	368.27M	496.49M	267.70M	694.01M	618.54M	544.78M	316.88M	773.09M
Current portion of LT debt and capital leases	—	—	—	—	343.22K	16.34M	15.63M	11.45M	0	0	633.09K	697.63K	678.43K	2.81M	3.83M	3.60M	8.34M	7.95M	31.61M
Short term debt excl. current portion of LT debt	8.06M	5.92M	16.12M	—	69.97M	55.46M	116.92M	182.83M	196.65M	524.43M	648.71M	367.57M	495.81M	264.89M	690.18M	614.94M	536.44M	308.92M	741.48M
Accounts payable	12.41M	15.81M	3.59M	—	39.68M	98.28M	147.53M	76.85M	157.65M	27.38M	23.53M	320.57M	192.15M	39.74M	136.80M	113.66M	302.76M	212.83M	198.51M
Income tax payable	—	—	—	—	3.05M	3.10M	504.02K	623.76K	731.07K	—	4.01M	6.94M	2.51M	0	3.53M	17.43M	5.25M	4.69M	1.37M
Long term debt	17.11M	63.63K	63.63K	—	368.71K	27.94M	15.70M	0	0	30.00M	31.06M	30.38M	33.21M	37.41M	37.52M	37.44M	16.30M	9.16M	128.47M
Long term debt excl. lease liabilities	17.11M	63.63K	63.63K	—	368.71K	27.94M	15.70M	0	0	30.00M	31.06M	30.38M	33.21M	37.41M	37.52M	37.44M	16.30M	9.16M	128.47M
Total equity	240.65M	253.22M	261.75M	0	259.00M	263.99M	267.96M	272.13M	265.22M	269.23M	296.86M	353.47M	434.18M	501.38M	640.59M	843.73M	1.30B	1.63B	1.78B
Shareholders' equity	240.65M	253.22M	261.75M	0	259.00M	263.99M	267.96M	272.13M	265.22M	269.23M	296.86M	353.47M	434.18M	501.38M	640.59M	843.73M	1.30B	1.63B	1.78B
Common equity, total	240.65M	253.22M	261.75M	0	259.00M	263.99M	267.96M	272.13M	265.22M	269.23M	296.86M	353.47M	434.18M	501.38M	640.59M	843.73M	1.30B	1.63B	1.78B
Other common equity	—	—	227.94M	—	225.19M	230.19M	234.16M	174.56M	164.83M	164.83M	164.83M	131.03M	131.03M	131.03M	131.03M	57.22M	57.09M	-5.72M	-7.26M
Total debt	25.17M	5.98M	16.18M	—	70.68M	99.74M	148.25M	194.28M	196.65M	554.43M	680.41M	398.64M	529.70M	305.11M	731.53M	655.98M	561.08M	326.03M	901.55M
Net debt	18.58M	-2.70M	-15.62M	—	59.44M	90.45M	134.10M	184.23M	189.20M	541.90M	670.20M	365.80M	511.58M	280.88M	622.99M	640.87M	531.77M	274.32M	840.15M
Change in accounts receivable	19.83M	18.82M	70.45M	—	-2.39M	3.29M	-17.83M	39.27M	-53.73M	-249.35M	-175.28M	-113.78M	-136.80M	408.73M	-251.80M	-108.08M	-474.02M	252.87M	-155.24M
Change in taxes payable	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Change in accounts payable	6.83M	14.48M	-37.46M	—	-17.08M	58.60M	47.23M	-70.69M	77.50M	-130.27M	-3.86M	297.04M	-128.42M	-152.41M	97.16M	-23.14M	189.09M	-89.93M	-14.32M
Change in other assets/liabilities	0	0	0	—	0	-1.13M	-1.65M	-20.43M	-21.50M	14.55M	8.46M	-17.23M	88.54M	-38.54M	-93.48M	13.77M	-60.34M	-154.41M	129.96M
Sale of fixed assets & businesses	60.50K	179.31K	33.87K	—	0	1.37M	742.70K	644.99K	419.40K	683.70K	65.00K	6.09M	1.05M	5.74M	50.00K	4.02M	1.85M	25.00K	185.00K
Purchase/sale of investments, net	—	-20.12M	-22.20M	—	0	0	0	0	0	0	0	0	0	0	-23.57M	33.06M	-14.30M	-22.39M	-7.57M
Sale/maturity of investments	—	—	—	—	0	0	0	0	0	0	0	0	0	0	0	33.06M	—	17.20M	2.57M
Purchase of investments	—	-20.12M	-22.20M	—	0	0	0	0	0	0	0	0	0	0	-23.57M	0	-14.30M	-39.58M	-10.14M
Other investing cash flow items, total	16.88M	25.01M	1.52M	—	1.31M	0	0	0	0	0	0	0	0	0	-739.30K	0	0	0	0
Issuance/retirement of debt, net	-55.46M	-19.19M	10.21M	—	26.85M	29.05M	49.22M	50.21M	2.37M	357.78M	125.34M	-281.83M	127.86M	-229.54M	425.97M	-74.02M	-96.44M	-233.33M	576.54M
Issuance/retirement of long term debt	-55.46M	-19.19M	10.21M	—	26.85M	29.05M	-12.23M	-15.70M	-11.45M	30.00M	0	-688.48K	-375.05K	1.38M	673.52K	972.00K	-22.06M	-6.01M	143.99M
Issuance/retirement of short term debt	—	—	0	—	0	—	61.46M	65.91M	13.82M	327.78M	125.34M	-281.14M	128.24M	-230.92M	425.29M	-74.99M	-74.38M	-227.31M	432.55M
Issuance/retirement of other debt	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total cash dividends paid	0	-3.95M	0	—	-3.94M	0	0	0	0	0	-6.10M	-8.15M	-8.15M	-8.15M	-6.76M	-13.52M	-40.56M	0	0
Other financing cash flow items, total	—	—	0	—	0	-13.53M	0	0	0	0	0	0	0	0	0	0	0	0	0

Particulars	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Interest expense on debt	-7.48M	-3.34M	-4.60M	-3.86M	-9.02M	-5.06M	-9.74M	-22.29M	-23.71M	-34.94M	-61.07M	-58.68M	-64.33M	-46.26M	-38.82M	-48.83M	-49.47M	-36.84M	-32.53M
Pretax equity in earnings	—	—	—	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Equity in earnings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total assets	295.80M	303.66M	295.78M	0	404.09M	497.53M	595.72M	578.12M	651.02M	900.02M	1.06B	1.14B	1.26B	922.61M	1.61B	1.72B	2.26B	2.26B	3.01B
Total current assets	193.33M	175.51M	157.62M	0	279.94M	299.11M	370.03M	359.80M	444.40M	690.45M	838.41M	904.62M	976.39M	607.10M	1.21B	1.24B	1.71B	1.48B	1.91B
Cash and short term investments	6.60M	8.69M	31.79M	0	11.25M	9.29M	14.15M	10.05M	7.45M	12.53M	10.21M	32.85M	18.11M	24.23M	108.54M	15.11M	29.31M	51.72M	61.41M
Cash & equivalents	6.48M	7.70M	31.69M	—	1.00M	9.29M	14.15M	10.05M	7.45M	5.71M	10.21M	32.85M	18.11M	24.23M	107.94M	15.11M	24.31M	6.74M	4.02M
Short term investments	114.30K	986.00K	105.13K	0	10.24M	0	0	0	0	6.82M	0	0	0	0	592.07K	0	5.00M	44.97M	57.39M
Total receivables, net	131.42M	120.63M	74.53M	—	171.21M	174.28M	186.58M	157.68M	232.28M	480.39M	625.12M	757.70M	840.71M	407.84M	726.70M	789.68M	1.30B	989.20M	1.24B
Accounts receivable - trade, net	97.95M	68.49M	56.50M	—	149.65M	153.49M	159.08M	119.80M	178.30M	427.64M	593.22M	684.92M	821.72M	384.11M	624.38M	726.65M	1.16B	893.07M	1.04B
Other receivables	33.47M	52.14M	18.03M	—	21.56M	20.79M	27.50M	37.88M	53.99M	52.74M	31.89M	72.78M	18.99M	23.73M	102.32M	63.04M	140.10M	96.13M	196.60M
Total inventory	36.03M	34.94M	35.89M	—	72.78M	99.35M	156.10M	179.32M	191.84M	184.54M	188.53M	99.53M	109.09M	167.67M	368.61M	430.56M	359.99M	433.67M	594.72M
Other current assets, total	19.22M	11.19M	15.24M	—	23.85M	5.42M	9.00M	12.30M	11.68M	5.92M	9.15M	11.50M	4.07M	3.37M	3.23M	6.14M	23.53M	5.99M	8.12M
Total non-current assets	102.47M	128.15M	138.16M	0	124.15M	198.42M	225.68M	218.32M	206.62M	209.57M	220.41M	231.74M	283.15M	315.51M	393.50M	474.09M	543.86M	779.14M	1.10B
Long term investments	0	20.12M	24.17M	—	0	0	0	3.62M	3.89M	0	0	3.01M	0	0	5.36M	50.00K	50.00K	50.00K	50.00K
Note receivable - long term	—	—	—	—	0	—	—	0	—	—	—	3.01M	3.37M	—	5.31M	—	—	—	—
Investments in unconsolidated subsidiaries	—	—	—	—	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other investments	0	20.12M	24.17M	—	0	0	0	3.62M	3.89M	0	0	0	0	0	50.00K	50.00K	50.00K	50.00K	50.00K
Net property/plant/equipment	101.16M	106.52M	110.46M	—	123.84M	194.43M	221.72M	214.70M	201.03M	204.46M	214.66M	225.49M	274.78M	307.35M	384.29M	462.59M	527.08M	756.59M	1.07B
Gross property/plant/equipment	109.32M	123.40M	138.36M	—	177.34M	262.08M	307.06M	321.90M	336.42M	354.17M	230.56M	258.30M	327.68M	382.22M	487.24M	596.68M	700.21M	973.86M	1.34B
Deferred tax assets	510.43K	917.17K	1.19M	—	309.23K	1.30M	126.40K	—	1.70M	889.37K	1.90M	1.92M	2.86M	2.29M	3.78M	4.51M	6.96M	11.40M	11.80M
Net intangible assets	0	0	0	—	—	0	0	0	0	0	1.26M	1.26M	1.78M	1.78M	0	—	—	—	3.32M
Goodwill, net	—	—	—	—	—	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other intangibles, net	—	—	—	—	—	0	0	0	0	0	1.26M	1.26M	1.78M	1.78M	0	—	—	—	3.32M
Other long term assets, total	0	0	0	0	0	2.69M	3.83M	0	0	4.22M	2.59M	56.50K	3.73M	4.08M	64.75K	6.95M	9.77M	11.10M	14.37M
Short term debt	8.06M	5.92M	16.12M	—	70.32M	71.80M	132.55M	194.28M	196.65M	524.43M	649.34M	368.27M	496.49M	267.70M	694.01M	618.54M	544.78M	316.88M	773.09M
Current portion of LT debt and capital leases	—	—	—	—	343.22K	16.34M	15.63M	11.45M	0	0	633.09K	697.63K	678.43K	2.81M	3.83M	3.60M	8.34M	7.95M	31.61M
Short term debt excl. current portion of LT debt	8.06M	5.92M	16.12M	—	69.97M	55.46M	116.92M	182.83M	196.65M	524.43M	648.71M	367.57M	495.81M	264.89M	690.18M	614.94M	536.44M	308.92M	741.48M
Accounts payable	12.41M	15.81M	3.59M	—	39.68M	98.28M	147.53M	76.85M	157.65M	27.38M	23.53M	320.57M	192.15M	39.74M	136.80M	113.66M	302.76M	212.83M	198.51M
Income tax payable	—	—	—	—	3.05M	3.10M	504.02K	623.76K	731.07K	—	4.01M	6.94M	2.51M	0	3.53M	17.43M	5.25M	4.69M	1.37M
Long term debt	17.11M	63.63K	63.63K	—	368.71K	27.94M	15.70M	0	0	30.00M	31.06M	30.38M	33.21M	37.41M	37.52M	37.44M	16.30M	9.16M	128.47M
Long term debt excl. lease liabilities	17.11M	63.63K	63.63K	—	368.71K	27.94M	15.70M	0	0	30.00M	31.06M	30.38M	33.21M	37.41M	37.52M	37.44M	16.30M	9.16M	128.47M
Total equity	240.65M	253.22M	261.75M	0	259.00M	263.99M	267.96M	272.13M	265.22M	269.23M	296.86M	353.47M	434.18M	501.38M	640.59M	843.73M	1.30B	1.63B	1.78B
Shareholders' equity	240.65M	253.22M	261.75M	0	259.00M	263.99M	267.96M	272.13M	265.22M	269.23M	296.86M	353.47M	434.18M	501.38M	640.59M	843.73M	1.30B	1.63B	1.78B
Common equity, total	240.65M	253.22M	261.75M	0	259.00M	263.99M	267.96M	272.13M	265.22M	269.23M	296.86M	353.47M	434.18M	501.38M	640.59M	843.73M	1.30B	1.63B	1.78B
Other common equity	—	—	227.94M	—	225.19M	230.19M	234.16M	174.56M	164.83M	164.83M	164.83M	131.03M	131.03M	131.03M	131.03M	57.22M	57.09M	-5.72M	-7.26M
Total debt	25.17M	5.98M	16.18M	—	70.68M	99.74M	148.25M	194.28M	196.65M	554.43M	680.41M	398.64M	529.70M	305.11M	731.53M	655.98M	561.08M	326.03M	901.55M
Net debt	18.58M	-2.70M	-15.62M	—	59.44M	90.45M	134.10M	184.23M	189.20M	541.90M	670.20M	365.80M	511.58M	280.88M	622.99M	640.87M	531.77M	274.32M	840.15M
Change in accounts receivable	19.83M	18.82M	70.45M	—	-2.39M	3.29M	-17.83M	39.27M	-53.73M	-249.35M	-175.28M	-113.78M	-136.80M	408.73M	-251.80M	-108.08M	-474.02M	252.87M	-155.24M
Change in taxes payable	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Change in accounts payable	6.83M	14.48M	-37.46M	—	-17.08M	58.60M	47.23M	-70.69M	77.50M	-130.27M	-3.86M	297.04M	-128.42M	-152.41M	97.16M	-23.14M	189.09M	-89.93M	-14.32M
Change in other assets/liabilities	0	0	0	—	0	-1.13M	-1.65M	-20.43M	-21.50M	14.55M	8.46M	-17.23M	88.54M	-38.54M	-93.48M	13.77M	-60.34M	-154.41M	129.96M
Sale of fixed assets & businesses	60.50K	179.31K	33.87K	—	0	1.37M	742.70K	644.99K	419.40K	683.70K	65.00K	6.09M	1.05M	5.74M	50.00K	4.02M	1.85M	25.00K	185.00K
Purchase/sale of investments, net	—	-20.12M	-22.20M	—	0	0	0	0	0	0	0	0	0	0	-23.57M	33.06M	-14.30M	-22.39M	-7.57M
Sale/maturity of investments	—	—	—	—	0	0	0	0	0	0	0	0	0	0	0	33.06M	—	17.20M	2.57M
Purchase of investments	—	-20.12M	-22.20M	—	0	0	0	0	0	0	0	0	0	0	-23.57M	0	-14.30M	-39.58M	-10.14M
Other investing cash flow items, total	16.88M	25.01M	1.52M	—	1.31M	0	0	0	0	0	0	0	0	0	-739.30K	0	0	0	0
Issuance/retirement of debt, net	-55.46M	-19.19M	10.21M	—	26.85M	29.05M	49.22M	50.21M	2.37M	357.78M	125.34M	-281.83M	127.86M	-229.54M	425.97M	-74.02M	-96.44M	-233.33M	576.54M
Issuance/retirement of long term debt	-55.46M	-19.19M	10.21M	—	26.85M	29.05M	-12.23M	-15.70M	-11.45M	30.00M	0	-688.48K	-375.05K	1.38M	673.52K	972.00K	-22.06M	-6.01M	143.99M
Issuance/retirement of short term debt	—	—	0	—	0	—	61.46M	65.91M	13.82M	327.78M	125.34M	-281.14M	128.24M	-230.92M	425.29M	-74.99M	-74.38M	-227.31M	432.55M
Issuance/retirement of other debt	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total cash dividends paid	0	-3.95M	0	—	-3.94M	0	0	0	0	0	-6.10M	-8.15M	-8.15M	-8.15M	-6.76M	-13.52M	-40.56M	0	0
Other financing cash flow items, total	—	—	0	—	0	-13.53M	0	0	0	0	0	0	0	0	0	0	0	0	0