Maithan Alloys Ltd

Q1 FY20Ferrous Metals

Maithan Alloys Q1 FY20 earnings call: Revenue & Margins

Q1 FY20 investor presentation: what the company reported on revenue, margins and projects.

Price₹977

Market cap₹2.9K Cr

P/E10.1

Updated25 Sept 2026

Read4 min read

Based on Maithan Alloys Ltd's Q1 FY20 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the presentation reports, not management guidance.

The short version

Q1 FY20 Revenue (Net of Excise Duty/GST) is Rs. Quarter EBITDA (Q1 FY20): Rs.

From Maithan Alloys Ltd's Q1 FY20 earnings-call transcript · updated 25 Sept 2026.

Revenue & Sales Performance

Q1 FY20 Revenue (Net of Excise Duty/GST) is Rs. 486 Cr (Standalone and Consolidated).
FY19 Revenue was Rs. 1,988 Cr; FY18 was Rs. 1,879 Cr, implying ~5.8% growth from FY18 to FY19.
Manufacturing Revenues for Q1 FY20 are around Rs. 422 Cr (Page 10).
Maithan Alloys production has grown at a CAGR of 16% since 2007 (Page 27).
No explicit year-on-year quarterly growth % stated for Q1 FY20 revenue in the presentation.
No specific volume figures for the quarter are mentioned.

2 more points management made on revenue & sales performance

Profitability & Margins

Quarter EBITDA (Q1 FY20): Rs. 68 Cr (Consolidated, as per IND AS)
Operating Margin: Operating EBIT margin is indicated as a long-term sustainable range of 14%-16% (Page 11)
Profit After Tax (PAT) Q1 FY20: Rs. 52 Cr (Consolidated, as per IND AS)
Year-on-year change:
EBITDA decreased from Rs. 71 Cr (approximate sum of H1FY19 half-years implies higher EBITDA in prior periods; exact Q1 FY19 not stated) to Rs. 68 Cr in Q1 FY20 from prior year ranges - minor decline or stable
PAT decreased from Rs. 255 Cr full FY19 to Rs. 52 Cr in quarter (Q1 FY20 figure; can't directly year-on-year quarterly comparison but consistent with a quarter)

2 more points management made on profitability & margins

See what Maithan Alloys Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Maithan Alloys has announced a Greenfield project in West Bengal (Page 12).
The Company is working on other expansion plans (Page 12).
Capacity built-up is shown with increases at strategic locations: Visakhapatnam, Kalyaneshwari, and Byrnihat, Meghalaya (Page 20).
Total capacity in MVA increased from 24 MVA in 2006 to 36 MVA by 2013, indicative of capacity expansion to support profitable growth (Page 20).
1 MVA corresponds to approximately 1,650 MT production capacity (Page 20).

- No specific monetary capex amounts or project timelines are explicitly stated in the presentation. - Expansion focus includes inorganic growth opportunities (Page 6). Summary: The main stated capex-related initiative is a Greenfield project in West Bengal with other expansion plans underway. Capacity has increased historically at key plants to support growth but no explicit timelines or capex amounts are provided.

2 more points management made on capital expenditure plans

Top-ranked in Ferrous Metals

Ranked on what management guided this quarter

5x potential

1Shri Hare-Krish.₹66 Cr

Rev 1Mar 1

2Indian Metals₹6.6K Cr

Rev 2Mar 3

3₹5.9K Cr

Rev 2Mar 3

4₹76.4K Cr

Rev 3Mar 1

5₹8.0K Cr

Rev 3Mar 2

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

The presentation does not mention any new fundraising through debt or equity explicitly.
Total debt has decreased over the years: Mar-16 Rs. 139 Crs, Mar-19 Rs. 7 Crs (Current + Non-current borrowings).
Current borrowings dropped from Rs. 25 Crs in Mar-18 to Rs. 3 Crs in Mar-19; non-current borrowings remained steady at Rs. 4 Crs.
The company holds significant current investments, increasing from Rs. 81 Crs in Mar-16 to Rs. 664 Crs in Mar-19.
Net cash position is strong: Rs. 667 Crs as on March 2019 (Page 18).
Long-term debt significantly declined from Rs. 140.7 Crs in H1 FY16 to Rs. 3.7 Crs in H2 FY19.
Short-term debt reduced from Rs. 36.7 Crs in H1 FY16 to Rs. 3.4 Crs in H2 FY19.

2 more points management made on fundraising & capital structure

See what Maithan Alloys Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The investor presentation does not explicitly provide specific figures or details on order book, order inflow, or pending orders. However, from the information presented: - The company highlights "Strong Client Relationships" with ~100% of domestic clients associated for over 7 years and 75% repeat clients (Page 23). - It mentions low concentration risk in export markets and presence in over 35 countries, suggesting a diversified ongoing demand (Page 23). - The business emphasizes ongoing capacity additions to support growth, implying a robust inflow of orders and demand (Page 20).

2 more points management made on order book & pipeline

Maithan Alloys Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹559 Cr, net loss ₹71 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Maithan Alloys Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Maithan Alloys Ltd Q1 FY20 results?

Q1 FY20 Revenue (Net of Excise Duty/GST) is Rs. Quarter EBITDA (Q1 FY20): Rs.

What is Maithan Alloys Ltd share price analysis?

Maithan Alloys Ltd currently shows a neutral. The stock trades at a P/E of 10.1 with a market cap of ₹2,938 Cr. Investors should review the full earnings analysis for detailed insights.

Is Maithan Alloys Ltd planning capital expenditure?

Maithan Alloys has announced a Greenfield project in West Bengal (Page 12).

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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.