Maithan Alloys Ltd

Q1 FY21Ferrous Metals

Maithan Alloys Q1 FY21 earnings call: Revenue & Margins

Q1 FY21 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 FY21 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

Q4 FY20 Revenue: Rs. Q4 FY20 Financials (Page 20): - EBITDA: ₹54 Cr (down from ₹88 Cr in Q4 FY19) - Operating EBIT: ₹50 Cr (down from ₹84 Cr in Q4 FY19) - PAT: ₹64 Cr (down from ₹70 Cr in Q4 FY19) - Operating

From Maithan Alloys Ltd's Q1 FY21 earnings-call transcript · updated 25 Sept 2026.

Revenue & Sales Performance

Q4 FY20 Revenue: Rs. 406 Cr (Page 20)
Q4 FY19 Revenue: Rs. 549 Cr (Page 20)
Year-on-Year Change: Decrease of Rs. 143 Cr, approx. 26% decline in revenue in Q4 FY20 vs Q4 FY19

2 more points management made on revenue & sales performance

Profitability & Margins

Q4 FY20 Financials (Page 20):
EBITDA: ₹54 Cr (down from ₹88 Cr in Q4 FY19)
Operating EBIT: ₹50 Cr (down from ₹84 Cr in Q4 FY19)
PAT: ₹64 Cr (down from ₹70 Cr in Q4 FY19)
Operating Margin:
Q4 FY20 EBITDA margin ≈ 13.3% (₹54 Cr EBITDA / ₹406 Cr Revenue)
Q4 FY19 EBITDA margin ≈ 16.0% (₹88 Cr / ₹549 Cr)
Year-on-Year Change:
EBITDA decreased by ~38.6% (₹88 Cr to ₹54 Cr)
PAT decreased by ~8.6% (₹70 Cr to ₹64 Cr)
Revenue decreased by ~26% (₹549 Cr to ₹406 Cr)
Explicit Margin Outlook (Page 18):

2 more points management made on profitability & margins

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

Capital Expenditure Plans

The company proposes to incorporate a wholly owned subsidiary to undertake an announced expansion project primarily focused on manganese-based ferro alloys (Page 19).
The expansion will be funded mainly through the company's internal accruals and reserves (Page 19).
No specific capex amount, timeline, or project status is explicitly detailed in the presentation.
The focus is on organic and inorganic growth opportunities (Page 6).

- Existing manufacturing facilities details are provided, but no new plant locations or capacity increments are quantified (Pages 8-10). - The presentation highlights maintaining sustainable margins and operational efficiency but does not specify exact capex figures or timelines for expansion (Pages 17-18). In summary, the presentation states an intent for manganese ferro alloys expansion via a new wholly owned subsidiary using internal funds but does not provide detailed capex amounts, timelines, or current project status.

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

As per the Consolidated Cashflow Statement (Page 23), the company had net cash from financing activities of -42.5 Cr (Mar-20) compared to -54.1 Cr (Mar-19), indicating a reduction in financing cash outflows rather than raising new funds.
The Consolidated Balance Sheet (Page 22) shows that long-term borrowings were zero as of Mar-20, down from previous years when there was some long-term debt.
Short-term borrowings were minimal, 6.8 Cr in Mar-20 from 7 Cr in the half-year performance snapshot.
The company is a net cash company with cash & cash equivalents of Rs. 625 Cr as of Mar-20 (Pages 22 & 24).
Page 19 mentions "Debt & Current Investments" showing total debt has been reducing while current investments have increased, reflecting strong liquidity.

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 report any figures or details related to: - Order book - Order inflow - Pending orders The presentation focuses on financial performance, operational highlights, leadership, client relationships, and strategic initiatives but does not provide information or data specifically addressing the status or size of order book, order inflows, or pending orders.

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 FY21 results?

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?

The company proposes to incorporate a wholly owned subsidiary to undertake an announced expansion project primarily focused on manganese-based ferro alloys (Page 19).

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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.