Maithan Alloys Limited (MAITHANALL) - Net Assets

Latest as of September 2025: Rs41.36 Billion INR ≈ $447.31 Million USD

Based on the latest financial reports, Maithan Alloys Limited (MAITHANALL) has net assets worth Rs41.36 Billion INR (≈ $447.31 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 (Rs52.62 Billion ≈ $569.10 Million USD) and total liabilities (Rs11.26 Billion ≈ $121.79 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. Check MAITHANALL cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs41.36 Billion
% of Total Assets	78.6%
Annual Growth Rate	26.18%
5-Year Change	146.83%
10-Year Change	846.76%
Growth Volatility	20.86

Maithan Alloys Limited - Net Assets Trend (2007–2025)

This chart illustrates how Maithan Alloys Limited's net assets have evolved over time, based on quarterly financial data. Also explore Maithan Alloys Limited balance sheet assets for the complete picture of this company's asset base.

Annual Net Assets for Maithan Alloys Limited (2007–2025)

The table below shows the annual net assets of Maithan Alloys Limited from 2007 to 2025. For live valuation and market cap data, see market cap of Maithan Alloys Limited.

Year	Net Assets	Change
2025-03-31	Rs37.55 Billion ≈ $406.11 Million	+19.48%
2024-03-31	Rs31.43 Billion ≈ $339.89 Million	+12.04%
2023-03-31	Rs28.05 Billion ≈ $303.38 Million	+20.72%
2022-03-31	Rs23.24 Billion ≈ $251.31 Million	+52.75%
2021-03-31	Rs15.21 Billion ≈ $164.53 Million	+17.68%
2020-03-31	Rs12.93 Billion ≈ $139.81 Million	+16.14%
2019-03-31	Rs11.13 Billion ≈ $120.38 Million	+28.18%
2018-03-31	Rs8.68 Billion ≈ $93.91 Million	+48.42%
2017-03-31	Rs5.85 Billion ≈ $63.28 Million	+47.51%
2016-03-31	Rs3.97 Billion ≈ $42.89 Million	+21.61%
2015-03-31	Rs3.26 Billion ≈ $35.27 Million	+16.26%
2014-03-31	Rs2.81 Billion ≈ $30.34 Million	+3.28%
2013-03-31	Rs2.72 Billion ≈ $29.37 Million	+5.96%
2012-03-31	Rs2.56 Billion ≈ $27.72 Million	+16.68%
2011-03-31	Rs2.20 Billion ≈ $23.76 Million	+59.13%
2010-03-31	Rs1.38 Billion ≈ $14.93 Million	+56.69%
2009-03-31	Rs881.02 Million ≈ $9.53 Million	-6.72%
2008-03-31	Rs944.50 Million ≈ $10.21 Million	+65.35%
2007-03-31	Rs571.21 Million ≈ $6.18 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Maithan Alloys 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 3595460000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component	Amount	Percentage
Retained Earnings	Rs35.95 Billion	95.98%
Common Stock	Rs291.10 Million	0.78%
Other Components	Rs1.22 Billion	3.24%
Total Equity	Rs37.46 Billion	100.00%

Maithan Alloys Limited Competitors by Market Cap

The table below lists competitors of Maithan Alloys Limited ranked by their market capitalization.

Company	Market Cap
M3-Brigade Acquisition V Corp. Class A Ordinary shares NASDAQ:MBAV	$310.24 Million
Yongyue Science & Tech Co Ltd SHG:603879	$310.24 Million
Alico Inc NASDAQ:ALCO	$310.25 Million
Indo Tech Transformers Limited NSE:INDOTECH	$310.36 Million
Prince Pipes And Fittings Limited NSE:PRINCEPIPE	$310.15 Million
Agencia Comercial Spirits Ltd Class A Ordinary Shares NASDAQ:AGCC	$310.07 Million
Oceania Healthcare Ltd AU:OCA	$310.03 Million
Gateway Distriparks Limited NSE:GATEWAY	$310.00 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 31,419,000,000 to 37,460,800,000, a change of 6,041,800,000 (19.2%).
Net income of 6,301,800,000 contributed positively to equity growth.
Dividend payments of 262,000,000 reduced retained earnings.
Other comprehensive income decreased equity by 553,900,000.
Other factors increased equity by 555,900,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rs6.30 Billion	+16.82%
Dividends Paid	Rs262.00 Million	-0.7%
Other Comprehensive Income	Rs-553.90 Million	-1.48%
Other Changes	Rs555.90 Million	+1.48%
Total Change	Rs-	19.23%

Book Value vs Market Value Analysis

This analysis compares Maithan Alloys 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: 0.77x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has decreased from 50.22x to 0.77x 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	Rs19.62	Rs985.35	x
2008-03-31	Rs32.44	Rs985.35	x
2009-03-31	Rs30.19	Rs985.35	x
2010-03-31	Rs47.35	Rs985.35	x
2011-03-31	Rs66.67	Rs985.35	x
2012-03-31	Rs79.26	Rs985.35	x
2013-03-31	Rs92.31	Rs985.35	x
2014-03-31	Rs95.12	Rs985.35	x
2015-03-31	Rs110.78	Rs985.35	x
2016-03-31	Rs135.02	Rs985.35	x
2017-03-31	Rs200.79	Rs985.35	x
2018-03-31	Rs298.10	Rs985.35	x
2019-03-31	Rs382.16	Rs985.35	x
2020-03-31	Rs443.89	Rs985.35	x
2021-03-31	Rs522.68	Rs985.35	x
2022-03-31	Rs797.99	Rs985.35	x
2023-03-31	Rs963.28	Rs985.35	x
2024-03-31	Rs1079.26	Rs985.35	x
2025-03-31	Rs1286.78	Rs985.35	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Maithan Alloys 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): 16.82%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 34.90%
• Asset Turnover: 0.37x
• Equity Multiplier: 1.29x
Recent ROE (16.82%) is below the historical average (19.03%), 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	20.88%	7.76%	1.30x	2.07x	Rs62.16 Million
2008	41.42%	10.21%	1.34x	3.03x	Rs296.79 Million
2009	0.12%	0.02%	1.92x	3.86x	Rs-86.81 Million
2010	21.87%	6.31%	1.22x	2.84x	Rs163.69 Million
2011	0.02%	0.01%	1.37x	2.23x	Rs-193.72 Million
2012	19.66%	6.71%	0.98x	3.00x	Rs222.88 Million
2013	16.51%	4.66%	1.30x	2.73x	Rs175.04 Million
2014	4.11%	1.18%	1.22x	2.85x	Rs-162.97 Million
2015	16.31%	4.76%	1.41x	2.43x	Rs203.65 Million
2016	20.06%	6.85%	1.44x	2.03x	Rs395.39 Million
2017	30.74%	13.79%	1.45x	1.53x	Rs1.21 Billion
2018	33.63%	16.29%	1.47x	1.40x	Rs2.05 Billion
2019	22.94%	13.56%	1.24x	1.37x	Rs1.44 Billion
2020	17.18%	12.84%	1.14x	1.17x	Rs928.08 Million
2021	15.17%	14.63%	0.83x	1.25x	Rs786.80 Million
2022	35.21%	28.04%	1.06x	1.18x	Rs5.86 Billion
2023	17.80%	17.30%	0.92x	1.12x	Rs2.19 Billion
2024	11.11%	20.19%	0.50x	1.10x	Rs347.70 Million
2025	16.82%	34.90%	0.37x	1.29x	Rs2.56 Billion

Industry Comparison

This section compares Maithan Alloys Limited's net assets metrics with peer companies in the Steel industry.

Industry Context

Industry: Steel
Average net assets among peers: $56,981,137
Average return on equity (ROE) among peers: 11.55%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Maithan Alloys Limited (MAITHANALL)	Rs41.36 Billion	20.88%	0.27x	$310.17 Million
Ankit Metal & Power Limited (ANKITMETAL)	$4.99 Billion	10.25%	2.32x	$2.44 Million
APL Apollo Tubes Limited (APLAPOLLO)	$155.16 Million	43.49%	4.18x	$5.72 Billion
Bansal Wire Industries Ltd (BANSALWIRE)	$4.61 Billion	15.96%	1.74x	$501.93 Million
Bedmutha Industries Limited (BEDMUTHA)	$-1.62 Billion	0.00%	0.00x	$38.63 Million
Bharat Wire Ropes Limited (BHARATWIRE)	$222.58 Million	9.47%	2.22x	$164.68 Million
Electrotherm (India) Limited (ELECTHERM)	$-10.96 Billion	0.00%	0.00x	$111.23 Million
Grand Foundry Limited (GFSTEELS)	$-32.83 Million	0.00%	0.00x	$4.07 Million
Goodluck India Limited (GOODLUCK)	$978.14 Million	20.56%	2.88x	$451.00 Million
Godawari Power And Ispat limited (GPIL)	$2.07 Billion	26.10%	1.64x	$2.08 Billion
Hariom Pipe Industries Limited (HARIOMPIPE)	$152.16 Million	-10.33%	2.30x	$111.44 Million

About Maithan Alloys Limited

NSE:MAITHANALL India Steel

Market Cap

$310.17 Million

Rs28.68 Billion INR

Market Cap Rank

#14820 Global

#726 in India

Share Price

Rs985.35

Change (1 day)

-0.96%

52-Week Range

Rs833.10 - Rs1234.10

All Time High

Rs1525.76