Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Maan Aluminium
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 189.62 | 262.87 | 207.36 | 295.30 | 212.97 | 237.40 | 176.78 | 205.44 | 182.09 | 245.86 | 211.19 | 191.08 | 151.87 |
| Expenses + | 170.03 | 242.07 | 193.95 | 284.24 | 202.11 | 228.13 | 171.82 | 197.83 | 177.27 | 238.16 | 206.25 | 183.12 | 146.32 |
| Operating Profit | 19.59 | 20.80 | 13.41 | 11.06 | 10.86 | 9.27 | 4.96 | 7.61 | 4.82 | 7.70 | 4.94 | 7.96 | 5.55 |
| OPM % | 10.33% | 7.91% | 6.47% | 3.75% | 5.10% | 3.90% | 2.81% | 3.70% | 2.65% | 3.13% | 2.34% | 4.17% | 3.65% |
| Other Income + | 1.26 | 1.50 | 2.16 | 1.55 | 1.52 | 2.50 | 1.39 | 1.10 | 1.47 | 1.37 | 1.99 | 3.35 | 1.61 |
| Interest | 0.99 | 1.62 | 0.88 | 0.81 | 1.19 | 0.80 | 0.62 | 0.54 | 0.96 | 1.13 | 1.45 | 1.69 | 1.47 |
| Depreciation | 1.11 | 1.32 | 1.12 | 1.16 | 1.18 | 1.22 | 1.27 | 1.25 | 1.28 | 1.72 | 1.82 | 1.85 | 1.89 |
| Profit before tax | 18.75 | 19.36 | 13.57 | 10.64 | 10.01 | 9.75 | 4.46 | 6.92 | 4.05 | 6.22 | 3.66 | 7.77 | 3.80 |
| Tax % | 25.28% | 25.31% | 25.20% | 25.94% | 25.67% | 25.33% | 23.99% | 25.87% | 24.69% | 36.66% | 25.41% | 25.74% | 25.53% |
| Net Profit + | 14.01 | 14.46 | 10.15 | 7.88 | 7.44 | 7.28 | 3.39 | 5.13 | 3.05 | 3.94 | 2.73 | 5.77 | 2.83 |
| EPS in Rs | 2.59 | 2.68 | 1.88 | 1.46 | 1.38 | 1.35 | 0.63 | 0.95 | 0.56 | 0.73 | 0.50 | 1.07 | 0.52 |
Financials of Maan Aluminium
Annual income statement trend
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 103 | 110 | 190 | 349 | 447 | 652 | 524 | 403 | 572 | 814 | 953 | 810 | 800 |
| Expenses + | 98 | 107 | 185 | 341 | 434 | 634 | 512 | 378 | 539 | 743 | 908 | 782 | 774 |
| Operating Profit | 5 | 4 | 5 | 8 | 13 | 18 | 12 | 24 | 33 | 71 | 45 | 28 | 26 |
| OPM % | 5% | 3% | 3% | 2% | 3% | 3% | 2% | 6% | 6% | 9% | 5% | 4% | 3% |
| Other Income + | 1 | 1 | 1 | 5 | 5 | 5 | 4 | 2 | 5 | 5 | 8 | 2 | 8 |
| Interest | 3 | 3 | 4 | 6 | 6 | 6 | 5 | 4 | 5 | 5 | 4 | 3 | 6 |
| Depreciation | 2 | 1 | 1 | 2 | 2 | 2 | 2 | 3 | 3 | 4 | 5 | 6 | 7 |
| Profit before tax | 0 | 0 | 1 | 5 | 10 | 14 | 9 | 20 | 30 | 67 | 44 | 22 | 21 |
| Tax % | -11% | 35% | 35% | 36% | 34% | 36% | 17% | 26% | 26% | 25% | 26% | 28% | |
| Net Profit + | 0 | 0 | 1 | 3 | 6 | 9 | 8 | 15 | 22 | 50 | 33 | 16 | 15 |
| EPS in Rs | 0.08 | 0.05 | 0.11 | 0.60 | 1.19 | 1.70 | 1.40 | 2.74 | 4.07 | 9.25 | 6.06 | 2.87 | 2.82 |
| Dividend Payout % | 0% | 0% | 28% | 10% | 11% | 7% | 9% | 6% | 6% | 8% | 0% | 0% |
Financials of Maan Aluminium
Capital structure and asset base
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 | 7 | 7 | 7 | 7 | 14 | 14 | 27 | 27 | 27 |
| Reserves | 24 | 23 | 24 | 26 | 29 | 37 | 43 | 57 | 71 | 117 | 136 | 151 | 160 |
| Borrowings + | 19 | 20 | 55 | 68 | 40 | 53 | 31 | 73 | 66 | 56 | 33 | 90 | 83 |
| Other Liabilities + | 11 | 19 | 8 | 8 | 38 | 29 | 11 | 23 | 21 | 38 | 29 | 31 | 35 |
| Total Liabilities | 58 | 65 | 90 | 106 | 113 | 126 | 92 | 160 | 171 | 225 | 225 | 300 | 305 |
| Fixed Assets + | 21 | 20 | 20 | 21 | 23 | 27 | 29 | 37 | 45 | 51 | 54 | 105 | 107 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 4 | 6 | 7 |
| Other Assets + | 36 | 45 | 69 | 84 | 91 | 98 | 63 | 123 | 126 | 173 | 165 | 188 | 190 |
| Total Assets | 58 | 65 | 90 | 106 | 113 | 126 | 92 | 160 | 171 | 225 | 225 | 300 | 305 |
Financials of Maan Aluminium
Operating, investing and financing cash movement
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -1 | 3 | -31 | -7 | 36 | -4 | 30 | -19 | 15 | 29 | 33 | 0 |
| Cash from Investing Activity + | -1 | -1 | -1 | 1 | 1 | -3 | -2 | -12 | -7 | -10 | -6 | -54 |
| Cash from Financing Activity + | 2 | -2 | 32 | 6 | -35 | 6 | -28 | 38 | -14 | -19 | -27 | 54 |
| Net Cash Flow | -0 | -0 | 1 | -0 | 2 | -1 | -0 | 6 | -6 | -0 | -0 | -0 |
| Free Cash Flow | -3 | 2 | -32 | -10 | 33 | -11 | 26 | -31 | 4 | 19 | 25 | -56 |
| CFO/OP | -25% | 92% | -597% | -77% | 304% | 4% | 264% | -61% | 64% | 66% | 101% | 21% |
Financials of Maan Aluminium
Working capital efficiency and return ratios
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 44 | 59 | 82 | 62 | 56 | 46 | 27 | 57 | 46 | 52 | 34 | 47 |
| Inventory Days | 71 | 67 | 35 | 18 | 9 | 6 | 12 | 35 | 29 | 20 | 17 | 30 |
| Days Payable | 35 | 62 | 6 | 3 | 29 | 12 | 3 | 15 | 9 | 17 | 9 | 10 |
| Cash Conversion Cycle | 79 | 64 | 111 | 77 | 36 | 41 | 36 | 77 | 66 | 55 | 42 | 67 |
| Working Capital Days | 23 | 24 | 19 | 13 | 12 | 11 | 16 | 19 | 27 | 35 | 33 | 36 |
| ROCE % | 8% | 7% | 7% | 12% | 18% | 24% | 16% | 22% | 24% | 43% | 25% | 12% |
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