Maithan Alloys Ltd. News and Updates

Name: Latest research reports of Maithan Alloys Ltd. authored by HDFC Securities and published by - Trendlyne research reports.
Item: Maithan Alloys Ltd.
Rating: 5
Author: HDFC Securities

Keep track of all breaking news on Maithan Alloys Ltd. from all sources in a single place.

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Maithan Alloys Ltd.

06 May 2021

1119.65

0.93%

Maithan Alloys Consolidated March 2021 Net Sales at Rs 499.18 crore, up 22.87% Y-o-Y

Moneycontrol

NULL

Maithan Alloys Ltd. is trading above all available SMAs

Maithan Alloys Ltd.

11 Oct 2020

1119.65

0.93%

Maithan Steel committed to expand production capacity despite Covid crisis

Business Standard

The company is also focusing on an advertising campaign to promote its TMT bars

Maithan Alloys Ltd. is trading above all available SMAs

Maithan Alloys Ltd.

07 Aug 2020

1119.65

0.93%

Maithan Alloys Consolidated June 2020 Net Sales at Rs 265.59 crore, down 45.33% Y-o-Y

Moneycontrol

NULL

Maithan Alloys Ltd. has gained 25.88% in the last 3 Months

Maithan Alloys Ltd.

02 Nov 2019

1119.65

0.93%

Maithan Alloys plans new subsidiary for greenfield project in Bengal

Business Line

Shobha Roy Kolkata-based manganese alloy producer Maithan Alloys Ltd is looking to incorporate a wholly-owned subsidiary for its proposed greenfield

Maithan Alloys Ltd. has gained 12.43% in the last 1 Week

Maithan Alloys Ltd.

03 Jul 2019

1119.65

0.93%

Company news: Maithan Alloys

Business Line

Crisil has upgraded the rating for long term bank facilities of Maithan Alloys to 'Crisil AA/Stable' (Crisil double A; outlook : Stable) from 'Crisil

Maithan Alloys Ltd. is trading above all available SMAs

Maithan Alloys Ltd.

27 May 2019, 04:48PM

1119.65

0.93%

Maithan Alloys (Initiating Coverage): Cash machine. BUY

Buy: Maithan Alloys Ltd.

HDFC Securities

Co produces ~1% of total global Mn alloy supply, which means there is little offtake risk. This, coupled with the fact that Maithan is amongst the lowest cost producers in the world, makes them amongst the last men standing in case of any global commodity downturn, esp steel. It is also noteworthy that China discourages export of Mn alloys (seen as energy intensive). We initiate coverage on Maithan Alloys with a BUY rating and a TP of Rs 900 (base case) based on conservative assumptions. Our upside (and downside) cases yield TPs of Rs 1,500 (and 375). Maithan Alloys is Indias largest producer & exporter of Mn Alloys with over two decades of experience. Manganese alloys are critical for steel manufacturing translating into a large globally addressable market for Maithan. Cos customers include marquee domestic/global steel majors, with most of them being repeat customers.

Maithan Alloys Ltd. is trading at high day volume of 105.1K.

Maithan Alloys Ltd.

11 Feb 2019

1119.65

0.93%

Maithan Alloys plans expansion, to invest 600 cr

Business Line

Kolkata-based manganese alloy producer Maithan Alloys Limited is planning to invest around 600 crore on both organic and inorganic expansions over

Maithan Alloys Ltd. has gained 12.43% in the last 1 Week

Maithan Alloys Ltd.

07 Sep 2018

1119.65

0.93%

Maithan Alloys gets nod to evaluate alternate source of power

Business Line

The board of directors of Maithan Alloys on Friday accorded in-principal approval to evaluate the proposal for sourcing alternative power for catering

Maithan Alloys Ltd. high volume past week with price gain of 12.43.

Maithan Alloys Ltd.

24 May 2017

1119.65

0.93%

Maithan Alloys

Mgmt Note: Maithan Alloys Ltd.

ICICI Securities Limited

We recently met the management of Maithan Alloys (MAL) to understand its business model and long term prospects. The company was incorporated in 1985 while production commenced in 1997. MAL is a leading manufacturer and exporter of niche value added manganese alloys such as ferro manganese, silico manganese and ferro silicon largely used in manufacturing steel. The company has an installed capacity of 137.25 MVA as on March 31, 2017 spread across three locations at Kalyaneshwari, Vishakhapatnam and Byrnihat. The company also...

Maithan Alloys Ltd. is trading at high day volume of 105.1K.

Maithan Alloys Ltd.

10 May 2017

1119.65

0.93%

Maithan Alloys net profit jumps 121%

Business Line

Maithan Alloys, manufacturers and exporters of niche value-added manganese alloys, has seen a 121 per cent jump in standalone net profit for the fourth quarter of FY17 (January-March) to Rs 102...

Maithan Alloys Ltd. is trading above all available SMAs

Is Maithan Alloys Ltd. worth buying?

284 Votes:

Buy 85.92%

Sell 7.75%

Hold 6.34%

34.05% Gain from 52W Low

High volume today

Maithan Alloys Ltd. News and Updates

Keep track of all breaking news on Maithan Alloys Ltd. from all sources in a single place.