Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 17 Sep - Newspaper publication in connection with an intimation of opening of Special Window for Re-lodgement of Transfer request of Physical Shares.
Source: Bse
Maithan Alloys Limited (MAITHANALL)
Small CapMetals stocks · Small cap · NSE
Maithan Alloys Limited operates in Minerals, within the Metals sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result16 Aug, 01:12 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Metals P/E 23.2 (n=92)
Technical timing lens
Trend score and candlestick chart
31Bearishfull bear SMA stack · SMA20 -10.5% / mo · RSI oversold · MACD − · near 52W low
Stock trend: 22
Sector RS: 44
Sector 3M: -5.5% vs Nifty 500 -5.6%
Metals FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
MAITHANALLD candles · FIT view-16.9%Latest close ₹831.20 on 2026-10-21
Bar
-4.2%
RSI
24
MACD hist
-4.69
52W pos
0%
2026-10-21O ₹867.45H ₹868.00L ₹829.40C ₹831.20Vol 57,392 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
MAITHANALLNifty MetalNifty 500
- MAITHANALL
- -15.9%
- Nifty 500
- -6.5%
- Nifty Metal
- -6.1%
- Vs Nifty 500
- -9.4 pp
Chart stats
21 Oct 2026- From 52W high
- -31.3%
- 52W range position
- 0%
- ATR (14)
- 3.4%
- Volume vs 20D
- 1.28x
- Avg traded value
- ₹4.3 Cr
- 20D price channel
- ₹829.4 - ₹1,020.9
₹1,210.1
₹829.4 - ₹1,210.1
₹27.9
Latest completed session
20-session average
23.8% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · FAIR VALUE48
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue -14.6% · PAT -26.4% YoY
Technical
Bearish31
Price trend and sector-relative-strength timing.
Valuation
Legacy model-566.4%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence71
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100Rev -15% YoY · PAT -26% YoY · margin expansion
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹540 Cr | -14.6% | -3.4% |
| EBITDA | ₹91 Cr | +40.0% | -14.2% |
| Operating margin | 17.0% | +700 bps | -200 bps |
| PAT | ₹396 Cr | -26.4% | NDF |
| PAT margin | 73.3% | -1180 bps | +8603 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 9.07
- P/B
- 0.64
- EV/EBITDA
- 9.33
- Market Cap
- 2636.00Cr
Profitability
- ROE
- 0.54%
- ROCE
- 7.67%
- ROA
- 6.11%
- Dividend Y
- 1.88%
Growth (CAGR)
- Revenue 5Y
- 6.00%
- EPS 5Y
- -37.00%
- Revenue 3Y
- -9.00%
- EPS 3Y
- -65.00%
Balance Sheet
- Debt/Equity
- 0.06
- Interest Coverage
- 7.92×
- Altman Z
- 4.23
- Book Value
- 1424.00
Cash Flow
- FCF Yield
- 17.87%
- FCF Positive Y
- 9/5
- OCF
- -10.00 Cr
- EPS TTM
- 99.80
Shareholding
- Promoter Hold
- 74.96%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 20%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 2,171+20.5% vs prev
Net Profit
₹ CrLatest: 631+80.8% vs prev
Return on Equity
%Latest: 16.8+51.6% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 24.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~11.8% over last month) — short-term momentum negative.
- RSI(14) at 24 — oversold zone; bounce conditions.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- Within 5% of 52-week low — testing support.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
32
RS percentile
Stage 4 Downtrend
1M return
-16.7%
3M return
-15.9%
6M return
-17.9%
1Y return
-25.5%
RS 1D
-3
RS 20D
-17
Sector rank
#6
Industry rank
#13
Stage evidence
- Price is 15.3% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -0.6%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
neutral
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 78.62-3.30%
RS vs Nifty 50079
Valuation & peers
U-Score 48 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 48 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
FAIR_VALUE
Fundamental score breakdown
U band · FAIR VALUEValuation21/30
Growth4/25
Quality0/20
Balance Sheet13/15
Cash Flow7/10
Piotroski
5/9 (+3)
Penalties
0
Raw sum
48
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
48/100 · legacy band FAIR VALUE
Positive drivers
- FCF yield is supportive at 17.9%.
- Balance sheet contributes 13/15 to the score.
- Valuation contributes 21/30 to the score.
Main drags
- Fair-value margin of safety is negative at -566.4%.
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Growth is weaker at 4/25; verify the latest quarterly trend.
Sector valuation model
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
9.1
PB
0.6
EV/EBITDA
9.3
ROE
0.5%
ROCE
7.7%
FCF Yield
17.9%
Debt/Equity
0.1
MoS
-566.4%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE. Current PE is low at 9.1, so peak-cycle earnings risk should be checked.
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
48
Previous: 48
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
-566.4%
Previous: -595.2%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
48
48
48
48
48
48
48
48
48
48
48
48
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹1,788.18
+53.5% MoS
Growth-justified P/E
1.3
Growth-justified Value
₹124.75
-566.4% MoS
PEG
—
Comparable companies
Peers
Business-comparable peers in Metals — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
ORISSAMINE
Small
The Orissa Minerals Development Company Limited
Mining
match 94
28
640.0
—
-1650%
OVERVALUED
MAHASTEEL
Small
Mahamaya Steel Industries Limited
Mining
match 94
32
193.0
5.7%
-511%
WATCHLIST
STEELCAS
Small
Steelcast Limited
Mining
match 94
54
40.6
24.0%
-11%
FAIR VALUE
RSL
Small
Rajputana Stainless Limited
Mining
match 93
56
24.8
19.2%
+33%
FAIR VALUE
VSSL
Small
Vardhman Special Steels Limited
Mining
match 93
36
40.6
12.1%
+7%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Maithan Alloys Limited operates in Minerals, within the Metals sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
71Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 66th percentile of the scored universe and 57th percentile within Metals. Main check: results consistency is weak at 41/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
49 docs text-extracted · 2 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
66th percentile
overall median 67 · Metals: 57th pctile, median 70 · Small: 69th pctile, median 66
Evidence depth
Financial-only
49 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
74
acceptable · profit to cash conversion
Balance sheet
96
strong · leverage and solvency
Discipline
50
watch · capital discipline
Results
41
weak · quarterly consistency
Trust positives
- ▸Promoter holding is 75%.
- ▸Promoter pledge is zero.
- ▸FCF yield is 14.8%.
- ▸9 years of positive FCF.
Trust risks
- ▸Operating cash flow is negative at ₹-10 Cr.
- ▸2 latest quarters had PAT decline worse than 25% YoY.
- ▸ROCE trend is -3.5%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Maithan Alloys Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 7 Sep - Newspaper publication relating to the dispatch of Notice of the 41st Annual General Meeting of the Company.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 14 Aug - Newspaper advertisement relating to the publication of the Extract of Standalone and Consolidated Un-Audited Financial Results of the Company for the quarter ended 30.06.2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Change in Management 13 Aug - Board approved reappointment of three independent directors and appointment of two additional independent directors, subject to shareholder approval.
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.