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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Maithan Alloys Limited is an India-based manufacturer and exporter of value-added manganese alloys. The Company is primarily engaged in the business of manufacturing and exporting all three bulk ferro alloys, which include Ferro Manganese, Silico Manganese, and Ferro Silicon.…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, stagnant business, reasonably priced — but flagged on governance.
Maithan Alloys is scored on the commodity / cyclical framework. It keeps a healthy 17.1% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT -0.02×) — worth a closer look. It throws off free cash worth 19.7% of its market value — a strong free-cash yield.
Over the last 3 years revenue compounded at -6%/yr and profit at -4%/yr. Book value has grown 14%/yr. Return on equity is a modest 10.8%.
At 6× earnings, the stock sits at the 31st percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price asks for only ~-12%/yr growth over a decade — undemanding expectations. The forensic screen raises 2 red flags: Only ₹0.31 of cash per ₹1 profit over 4 years — earnings not converting to cash; 68% of pre-tax profit is other income, not operations.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 4.78 | 1.41 | worse |
| P/B | 0.52 | 0.84 | better |
| EV/EBITDA | 4.07 | — | — |
| ROE | 10.77 | 2.52 | better |
| ROCE | 11.75 | 4.96 | better |
| ROA | 8.3 | 22.21 | worse |
| Quick Ratio | 3.9 | 1.77 | better |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Indian Metals & Ferro Alloys | 10.4 | 2.2 | 15.6% |
| VISA Steel | 0.5 | -1.4 | 17.7% |
| Shyam Century Ferrous | 22.1 | 0.3 | -0.0% |
Negative CAGR — the top line has shrunk over this window. Growth is decelerating — latest year grew slower than the year before.
The latest year saw a -30% swing — check if it's a one-off or structural.
Operating margins have been stable around 23% — no major structural shift.
ROE at 11% — modest; the capital isn't working hard. Capital efficiency declining — ROE down 7pp.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. -5% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
2 of 4 years had negative operating cash flow — profitability on paper may not translate to cash.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 139% sequentially — momentum is building. Wide quarterly swings (65% spread) — likely seasonality, lumpy orders, or project-based revenue. Run-rate stepping up — recent quarters average 50% above earlier ones.
2 of 4 quarters loss-making — quarterly profitability is uneven. Profit jumped 660% QoQ — check if this is operating leverage or a one-off item. Quarterly net margins are expanding (-35% → 41%) — profitability per rupee of revenue is improving.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters hold 75.0% — heavily owner-operated with strong skin in the game.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.