Maan Aluminium (MAANALU)₹104.83+2.08%Aluminium
In the Mar 2026 quarter (standalone), Maan Aluminium reported sales of ₹254 Cr, up 3.6% from Mar 2025, and net profit of ₹1.71 Cr, down 56.7% year on year. For the year to Mar 2026, sales were ₹809 Cr and net profit ₹13.05 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 207 | 295 | 213 | 237 | 177 | 205 | 182 | 246 | 211 | 191 | 152 | 254 |
| Expenses | 194 | 285 | 202 | 228 | 172 | 198 | 177 | 238 | 206 | 183 | 146 | 253 |
| Operating Profit | 13.43 | 11.08 | 10.88 | 9.29 | 4.97 | 7.62 | 4.83 | 7.72 | 4.95 | 7.97 | 5.56 | 1.65 |
| OPM % | 6.5% | 3.8% | 5.1% | 3.9% | 2.8% | 3.7% | 2.7% | 3.2% | 2.4% | 4.2% | 3.7% | 0.7% |
| Other Income | 2.17 | 1.56 | 1.53 | 2.51 | 1.40 | 1.11 | 1.48 | 1.38 | 2.00 | 3.36 | 1.62 | 3.57 |
| Interest | 0.87 | 0.80 | 1.18 | 0.79 | 0.61 | 0.53 | 0.95 | 1.12 | 1.44 | 1.68 | 1.46 | 0.76 |
| Depreciation | 1.13 | 1.15 | 1.17 | 1.23 | 1.26 | 1.24 | 1.29 | 1.73 | 1.83 | 1.84 | 1.90 | 1.93 |
| Profit before tax | 13.52 | 10.60 | 9.98 | 9.73 | 4.44 | 6.90 | 4.04 | 6.20 | 3.65 | 7.74 | 3.79 | 2.50 |
| Tax % | 25.2% | 26.0% | 25.7% | 25.3% | 24.0% | 25.9% | 24.7% | 36.7% | 25.4% | 25.7% | 25.5% | 32.3% |
| Net Profit | 10.19 | 7.91 | 7.47 | 7.31 | 3.40 | 5.14 | 3.06 | 3.95 | 2.74 | 5.79 | 2.84 | 1.71 |
| EPS (Rs) | 1.89 | 1.47 | 1.39 | 1.36 | 0.64 | 0.96 | 0.57 | 0.74 | 0.51 | 1.08 | 0.53 | 0.29 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 190 | 349 | 447 | 652 | 523 | 403 | 572 | 813 | 952 | 809 | 809 | 808 |
| Expenses | 185 | 341 | 434 | 635 | 512 | 378 | 539 | 744 | 909 | 783 | 789 | 789 |
| Operating Profit | 5.01 | 8.02 | 13.01 | 18.03 | 12.01 | 24.04 | 33.05 | 71.15 | 45.09 | 28.06 | 20.04 | 20.13 |
| OPM % | 2.7% | 2.3% | 2.9% | 2.8% | 2.4% | 6.0% | 6.1% | 9.0% | 4.7% | 3.5% | 2.5% | 2.5% |
| Other Income | 1.01 | 5.01 | 5.01 | 5.01 | 4.01 | 2.01 | 5.01 | 5.01 | 8.01 | 2.01 | 11.02 | 10.55 |
| Interest | 3.99 | 5.98 | 5.99 | 5.99 | 4.99 | 3.99 | 4.99 | 4.99 | 3.99 | 2.99 | 4.99 | 5.34 |
| Depreciation | 0.99 | 2.01 | 1.99 | 1.99 | 2.01 | 2.99 | 2.99 | 3.99 | 5.01 | 6.01 | 7.01 | 7.50 |
| Profit before tax | 0.99 | 4.99 | 9.97 | 13.95 | 8.97 | 19.94 | 29.93 | 66.79 | 43.89 | 21.92 | 17.96 | 17.68 |
| Tax % | 35.0% | 36.0% | 34.0% | 36.0% | 17.0% | 26.0% | 26.0% | 25.0% | 26.0% | 28.0% | 27.0% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | −0.06 | 0.00 | 0.00 | −0.03 | 0.00 | −2.39 | 0.00 | — |
| Net Profit | 1.01 | 3.01 | 6.03 | 9.03 | 8.02 | 15.05 | 22.08 | 50.21 | 33.14 | 16.06 | 13.05 | 13.08 |
| EPS (Rs) | 0.12 | 0.61 | 1.20 | 1.71 | 1.41 | 2.75 | 4.08 | 9.27 | 6.08 | 2.88 | 2.18 | 2.41 |
| Dividend payout % | 28.0% | 10.0% | 11.0% | 7.0% | 9.0% | 6.0% | 6.0% | 8.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2.99 | 2.99 | 2.99 | 6.98 | 6.98 | 6.98 | 6.97 | 13.96 | 13.94 | 26.88 | 26.91 | 29.91 |
| Reserves | 22.98 | 23.99 | 25.98 | 28.94 | 36.93 | 42.96 | 56.93 | 70.95 | 117 | 136 | 151 | 245 |
| Borrowings | 19.93 | 54.89 | 67.83 | 39.87 | 52.84 | 30.89 | 72.73 | 65.84 | 55.83 | 32.87 | 89.77 | 54.80 |
| Other Liabilities | 19.01 | 8.04 | 8.04 | 38.04 | 29.06 | 11.06 | 23.02 | 21.10 | 38.05 | 29.03 | 31.15 | 34.16 |
| Total Liabilities | 64.91 | 89.91 | 106 | 113 | 126 | 91.89 | 160 | 171 | 225 | 225 | 300 | 363 |
| Fixed Assets | 20.06 | 20.08 | 21.07 | 23.09 | 27.12 | 29.10 | 37.11 | 45.14 | 51.19 | 54.16 | 105 | 108 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.99 | 1.99 | 0.00 | 15.97 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.99 | 3.99 | 5.99 | 8.97 |
| Other Assets | 44.85 | 68.83 | 83.77 | 90.74 | 97.69 | 62.79 | 123 | 126 | 173 | 164 | 187 | 230 |
| Inventories | 16.96 | 15.98 | 15.97 | 9.98 | 10.97 | 15.96 | 32.92 | 36.94 | 34.93 | 39.94 | 57.92 | 66.82 |
| Trade receivables | 18.01 | 43.01 | 59.02 | 67.99 | 82.05 | 38.04 | 62.07 | 73.01 | 116 | 89.05 | 104 | 91.10 |
| Cash & equivalents | 0.99 | 0.99 | 0.99 | 2.99 | 1.99 | 1.99 | 10.96 | 1.99 | 1.99 | 0.99 | 0.00 | 37.89 |
| Total Assets | 64.91 | 89.91 | 106 | 113 | 126 | 91.89 | 160 | 171 | 225 | 225 | 300 | 363 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 2.99 | −30.97 | −6.99 | 35.97 | −3.99 | 29.98 | −18.98 | 14.98 | 28.97 | 32.96 | 0.00 | 17.98 |
| Cash from investing activity | −1.01 | −1.01 | 1.01 | 1.01 | −3.01 | −2.01 | −12.02 | −7.02 | −10.02 | −6.01 | −54.14 | −60.13 |
| Cash from financing activity | −2.01 | 32.12 | 6.02 | −35.15 | 6.02 | −28.12 | 38.13 | −14.06 | −19.08 | −27.13 | 54.22 | 42.17 |
| Net cash flow | 0.00 | 1.01 | 0.00 | 2.01 | −1.01 | 0.00 | 6.01 | −6.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Capex | 1.49 | 1.83 | 2.74 | 3.38 | 6.72 | 4.63 | 11.27 | 11.93 | 10.30 | 8.52 | 55.71 | 24.51 |
| Free cash flow | 2.01 | −32.03 | −10.01 | 33.05 | −11.01 | 26.04 | −31.05 | 4.01 | 19.01 | 25.02 | −56.05 | −6.01 |
| CFO / OP % | 92.0% | −597.1% | −77.0% | 304.0% | 4.0% | 264.0% | −61.0% | 63.9% | 66.0% | 101.0% | 20.9% | 111.0% |
| 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 | 58 | 81 | 61 | 55 | 45 | 26 | 56 | 45 | 51 | 33 | 46 | 40 |
| Inventory days | 66 | 34 | 17 | 8 | 5 | 11 | 34 | 28 | 19 | 16 | 29 | 33 |
| Days payable | 61 | 5 | 2 | 28 | 11 | 2 | 14 | 8 | 16 | 8 | 9 | 10 |
| Cash conversion cycle | 64 | 111 | 77 | 36 | 41 | 36 | 77 | 66 | 55 | 42 | 67 | 64 |
| Working capital days | 24 | 19 | 13 | 12 | 11 | 16 | 19 | 27 | 35 | 33 | 36 | 50 |
| ROCE % | 7.0% | 7.0% | 12.0% | 18.0% | 24.0% | 16.0% | 22.0% | 24.0% | 43.0% | 25.0% | 12.0% | 8.0% |
For the Mar 2026 quarter, Maan Aluminium reported sales of ₹254 Cr, up 3.6% year on year and net profit of ₹1.71 Cr, down 56.7% year on year. The operating margin was 0.7%.
Maan Aluminium's sales for the year to Mar 2026 were ₹809 Cr; over the last twelve months they were ₹808 Cr.
Net profit for the year to Mar 2026 was ₹13.05 Cr, and ₹13.08 Cr over the last twelve months. Earnings per share over the same trailing period were ₹2.41.
Maan Aluminium reported borrowings of ₹54.80 Cr at Mar 2026, against cash and equivalents of ₹37.89 Cr.
Cash from operations was ₹17.98 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹6.01 Cr.