Maan Aluminium Ltd
Maan Aluminium Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
MAAN Aluminium aims for a 3-5 year growth trajectory with potential to increase revenues by 5x from current levels. MAAN Aluminium expects EBITDA margins to return to 15%-18% within the next 2-3 years, driven by enhanced value addition (Page 14).
From Maan Aluminium Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- MAAN Aluminium aims for a 3-5 year growth trajectory with potential to increase revenues by 5x from current levels.
- The company expects capacity utilization to ramp up to 80% within 3 years, particularly for extrusion products.
- Significant CAPEX planned for value addition such as anodizing, powder coating, machining, and precision tubing will enhance product mix and margins.
- Expansion into defense, aerospace, and EV battery extrusion markets is underway with trials started; approval and auditing expected in ~6 months.
- Addition of a 24,000-ton extrusion capacity is targeted to be completed by March 2026.
- Domestic market focus will increase alongside maintaining approximately 50% export exposure.
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Profitability & Margins
See what Maan Aluminium Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- New CAPEX of Rs. 110 crores mainly for value addition, including land, building, machinery, and building infrastructure.
- Investment in a new Italian press costing Rs. 40 crores funded through internal accruals.
- Enhancing extrusion capacity by 24,000 tons per annum expected to be completed by March 2026.
- Strategic CAPEX of Rs. 21 crores already done for Dewas unit precision manufacturing plant, with an additional Rs. 25 crores planned this and next year.
- Dewas plant aims to be a 100% import substitute and is a first-of-its-kind project in India.
- CAPEX plans focused on value addition such as powder coating, anodizing, and machining to improve margins and capacity.
- Expect ramp-up of extrusion capacity to 80% utilization within 3 years.
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Top-ranked in Non - Ferrous Metals
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- MAAN Aluminium Limited is currently focusing on extrusion orders for defense, aerospace, and EV battery sectors.
- Trials for EV battery-related extrusion have already started.
- Two defense-related extrusion items have been successfully developed; however, auditing and sampling approval are expected to take about 6 months.
- The company expects these new orders to contribute significantly to future growth and profitability.
- Management is confident shareholders will see doubled performance within 3 years driven by these orders.
- There's ongoing ramp-up to ~80% capacity utilization expected within 3 years, aided by new capacity additions.
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Maan Aluminium Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q3 FY26): revenue ₹152 Cr, net profit ₹3 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Maan Aluminium Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Maan Aluminium Ltd Q2 FY26 results?
MAAN Aluminium aims for a 3-5 year growth trajectory with potential to increase revenues by 5x from current levels. MAAN Aluminium expects EBITDA margins to return to 15%-18% within the next 2-3 years, driven by enhanced value addition (Page 14).
What is Maan Aluminium Ltd share price analysis?
Maan Aluminium Ltd currently shows a neutral. The stock trades at a P/E of 58.6 with a market cap of ₹763 Cr. Investors should review the full earnings analysis for detailed insights.
Is Maan Aluminium Ltd planning capital expenditure?
New CAPEX of Rs.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.