With a market capitalization of Rs 337 crore, Maan Aluminium Ltd.’s shares jumped 20% higher early on Monday, reaching an intraday high of ₹ 249.45 per share from the previous close price of ₹ 208.40.
One of the probable reasons for the stock to hit the upper circuit is the company’s recent announcement of impressive Q4 FY 22-23 earnings.
In Q4FY23, the company’s net profit of Rs 14.42 crore, up 77 percent YoY. The company’s revenue jumped by over 103.78 percent YoY to Rs 262.87 crore. The EPS(earning per share) increased from ₹ 16.26 in FY22 to ₹ 36.96 in FY23.
In the past year, the company’s share price increased by a whopping 104.22% from ₹ 120.20 to current levels, delivering multibagger returns. Therefore, if a shareholder purchased 1 lakh shares of the company a year ago, their holdings would now be valued at 2.04 lakhs!
MAAN Aluminium Ltd. was incorporated in 1988. The company manufactures Aluminium Extrusions Products, for electric control panels in various sizes and shapes. The company also manufactures aluminum fences that are used in malls and other buildings. and the company comprises 50% of the country’s exports.
In 1988, MAAN Aluminium Ltd. was established. The company produces aluminum extrusions in a variety of sizes and forms for use in electric control panels.
The business also produces aluminum fences for use in shopping centers and other structures. and the company accounts for 50% of the country’s exports of aluminum extrusions.
According to the company’s financials, their sales increased by 39 percent from ₹ 189 crores in Q3 to ₹ 262 crores in Q4. Similarly, the company’s net earnings for Q3 and Q4 have remained the same at ₹ 14 crores.
On a year-on-year basis, revenues climbed marginally from ₹ 572 crores in FY 21-22 to ₹ 813 crores in FY 22-23. For the same time period, The company’s PAT has increased by 133 percent, from ₹ 21 crores to ₹ 49 crores.
As per the latest shareholding pattern, promoters of the company hold a 66.04 percent stake, and the Public holds a 33.48 percent stake in the company for FY 22-23.
Written By Omkar C
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