Maan Aluminium Limited (MAANALU) - Net Assets

Latest as of September 2025: Rs1.87 Billion INR ≈ $20.23 Million USD

Based on the latest financial reports, Maan Aluminium Limited (MAANALU) has net assets worth Rs1.87 Billion INR (≈ $20.23 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs3.05 Billion ≈ $32.97 Million USD) and total liabilities (Rs1.18 Billion ≈ $12.75 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore net asset growth rate of Maan Aluminium Limited to track the company's year-over-year net asset growth rate.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs1.87 Billion
% of Total Assets	61.34%
Annual Growth Rate	11.77%
5-Year Change	178.55%
10-Year Change	562.77%
Growth Volatility	14.7

Maan Aluminium Limited - Net Assets Trend (2007–2025)

This chart illustrates how Maan Aluminium Limited's net assets have evolved over time, based on quarterly financial data. Check Maan Aluminium Limited strategic capital allocation to assess the company's strategic physical and investment asset allocation.

Annual Net Assets for Maan Aluminium Limited (2007–2025)

The table below shows the annual net assets of Maan Aluminium Limited from 2007 to 2025. For live market cap and overall valuation, see Maan Aluminium Limited market cap and net worth.

Year	Net Assets	Change
2025-03-31	Rs1.78 Billion ≈ $19.30 Million	+9.42%
2024-03-31	Rs1.63 Billion ≈ $17.64 Million	+25.19%
2023-03-31	Rs1.30 Billion ≈ $14.09 Million	+54.40%
2022-03-31	Rs843.73 Million ≈ $9.12 Million	+31.71%
2021-03-31	Rs640.59 Million ≈ $6.93 Million	+27.77%
2020-03-31	Rs501.38 Million ≈ $5.42 Million	+14.74%
2019-03-31	Rs436.97 Million ≈ $4.73 Million	+23.62%
2018-03-31	Rs353.47 Million ≈ $3.82 Million	+19.07%
2017-03-31	Rs296.86 Million ≈ $3.21 Million	+10.26%
2016-03-31	Rs269.23 Million ≈ $2.91 Million	+1.51%
2015-03-31	Rs265.22 Million ≈ $2.87 Million	-2.54%
2014-03-31	Rs272.13 Million ≈ $2.94 Million	+1.56%
2013-03-31	Rs267.96 Million ≈ $2.90 Million	+1.64%
2012-03-31	Rs263.63 Million ≈ $2.85 Million	+1.79%
2011-03-31	Rs259.00 Million ≈ $2.80 Million	+1.76%
2010-03-31	Rs254.51 Million ≈ $2.75 Million	-2.77%
2009-03-31	Rs261.75 Million ≈ $2.83 Million	+3.37%
2008-03-31	Rs253.22 Million ≈ $2.74 Million	+5.22%
2007-03-31	Rs240.65 Million ≈ $2.60 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Maan Aluminium Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 631.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component	Amount	Percentage
Retained Earnings	Rs1.51 Billion	84.84%
Common Stock	Rs270.40 Million	15.15%
Other Components	Rs42.00K	0.00%
Total Equity	Rs1.78 Billion	100.00%

Maan Aluminium Limited Competitors by Market Cap

The table below lists competitors of Maan Aluminium Limited ranked by their market capitalization.

Company	Market Cap
TIAN GE INT.HLDGS DL-0001 F:04T	$81.06 Million
Quantum Graphite Ltd AU:QGL	$81.08 Million
Perintis Triniti Properti PT JK:TRIN	$81.10 Million
CPN Commercial Growth Leasehold Property Fund BK:CPNCG	$81.12 Million
Magadh Sugar & Energy Limited NSE:MAGADSUGAR	$81.01 Million
Ba Ria Vung Tau House Development JSC VN:HDC	$80.98 Million
Awea Mechantronic Co Ltd TW:1530	$80.91 Million
Oil Terminal C RO:OIL	$80.86 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Maan Aluminium Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 1,630,850,000 to 1,784,400,000, a change of 153,550,000 (9.4%).
Net income of 155,100,000 contributed positively to equity growth.
Other comprehensive income decreased equity by 1,360,426,000.
Other factors increased equity by 1,358,876,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rs155.10 Million	+8.69%
Other Comprehensive Income	Rs-1.36 Billion	-76.24%
Other Changes	Rs1.36 Billion	+76.15%
Total Change	Rs-	9.42%

Book Value vs Market Value Analysis

This analysis compares Maan Aluminium Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 3.81x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 28.07x to 3.81x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2007-03-31	Rs4.45	Rs124.89	x
2008-03-31	Rs4.68	Rs124.89	x
2009-03-31	Rs4.84	Rs124.89	x
2010-03-31	Rs4.71	Rs124.89	x
2011-03-31	Rs4.79	Rs124.89	x
2012-03-31	Rs4.88	Rs124.89	x
2013-03-31	Rs4.95	Rs124.89	x
2014-03-31	Rs5.03	Rs124.89	x
2015-03-31	Rs4.90	Rs124.89	x
2016-03-31	Rs4.98	Rs124.89	x
2017-03-31	Rs5.49	Rs124.89	x
2018-03-31	Rs26.14	Rs124.89	x
2019-03-31	Rs8.08	Rs124.89	x
2020-03-31	Rs9.27	Rs124.89	x
2021-03-31	Rs11.84	Rs124.89	x
2022-03-31	Rs15.60	Rs124.89	x
2023-03-31	Rs24.09	Rs124.89	x
2024-03-31	Rs30.15	Rs124.89	x
2025-03-31	Rs32.76	Rs124.89	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Maan Aluminium Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 8.69%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 1.91%
• Asset Turnover: 2.70x
• Equity Multiplier: 1.68x
Recent ROE (8.69%) is below the historical average (11.39%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2007	6.89%	4.61%	1.22x	1.23x	Rs-7.48 Million
2008	6.52%	4.16%	1.31x	1.20x	Rs-8.80 Million
2009	2.92%	1.82%	1.42x	1.13x	Rs-18.54 Million
2010	7.48%	2.79%	1.74x	1.53x	Rs-6.42 Million
2011	3.26%	0.65%	3.20x	1.56x	Rs-17.47 Million
2012	1.52%	0.35%	2.35x	1.87x	Rs-22.38 Million
2013	1.48%	0.43%	1.55x	2.22x	Rs-22.83 Million
2014	1.53%	0.40%	1.80x	2.12x	Rs-23.04 Million
2015	1.06%	0.25%	1.70x	2.45x	Rs-23.71 Million
2016	2.24%	0.32%	2.12x	3.34x	Rs-20.88 Million
2017	11.00%	0.93%	3.31x	3.56x	Rs2.98 Million
2018	18.16%	1.44%	3.95x	3.20x	Rs28.83 Million
2019	20.99%	1.41%	5.19x	2.87x	Rs48.01 Million
2020	15.06%	1.44%	5.70x	1.84x	Rs25.36 Million
2021	23.10%	3.67%	2.51x	2.50x	Rs83.90 Million
2022	26.05%	3.84%	3.34x	2.03x	Rs135.42 Million
2023	38.36%	6.14%	3.62x	1.73x	Rs369.44 Million
2024	20.08%	3.44%	4.23x	1.38x	Rs164.41 Million
2025	8.69%	1.91%	2.70x	1.68x	Rs-23.34 Million

Industry Comparison

This section compares Maan Aluminium Limited's net assets metrics with peer companies in the Aluminum industry.

Industry Context

Industry: Aluminum
Average net assets among peers: $86,765,075,994
Average return on equity (ROE) among peers: 6.39%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Maan Aluminium Limited (MAANALU)	Rs1.87 Billion	6.89%	0.63x	$81.02 Million
Century Extrusions Limited (CENTEXT)	$592.40 Million	10.42%	1.31x	$19.53 Million
Goyal Aluminiums Limited (GOYALALUM)	$126.79 Million	3.00%	0.26x	$9.96 Million
Hindalco Industries Limited (HINDALCO)	$392.85 Billion	2.17%	2.64x	$25.49 Billion
Manaksia Aluminium Company Limited (MANAKALUCO)	$1.35 Billion	4.47%	2.73x	$31.60 Million
MMP Industries Limited (MMP)	$147.56 Million	-5.22%	3.52x	$94.41 Million
National Aluminium Company Limited (NATIONALUM)	$125.52 Billion	23.51%	0.38x	$7.60 Billion

About Maan Aluminium Limited

NSE:MAANALU India Aluminum

Market Cap

$81.02 Million

Rs7.49 Billion INR

Market Cap Rank

#20031 Global

#1101 in India

Share Price

Rs124.89

Change (1 day)

+0.37%

52-Week Range

Rs101.67 - Rs170.98

All Time High

Rs250.67