Maithan Alloys Limited (MAITHANALL) - Net Assets
Based on the latest financial reports, Maithan Alloys Limited (MAITHANALL) has net assets worth Rs41.58 Billion INR (≈ $449.72 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs48.94 Billion ≈ $529.23 Million USD) and total liabilities (Rs7.35 Billion ≈ $79.51 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 asset allocation strategy of Maithan Alloys Limited to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs41.58 Billion |
| % of Total Assets | 84.98% |
| Annual Growth Rate | 25.32% |
| 5-Year Change | 78.95% |
| 10-Year Change | 610.74% |
| Growth Volatility | 20.66 |
Maithan Alloys Limited - Net Assets Trend (2007–2026)
This chart illustrates how Maithan Alloys Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Maithan Alloys Limited stock valuation.
Annual Net Assets for Maithan Alloys Limited (2007–2026)
The table below shows the annual net assets of Maithan Alloys Limited from 2007 to 2026. Also explore MAITHANALL net assets growth trend to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs41.58 Billion ≈ $449.72 Million |
+10.74% |
| 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 3987340000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs39.87 Billion | 96.17% |
| Common Stock | Rs291.10 Million | 0.70% |
| Other Components | Rs1.30 Billion | 3.12% |
| Total Equity | Rs41.46 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 |
|---|---|
|
Jiangsu GDK Biotechnology Co Ltd
SHG:688670
|
$317.65 Million |
|
Tien Phong Securities Corp
VN:ORS
|
$317.65 Million |
|
Jilin Gpro Titanium Industry Co Ltd
SHE:000545
|
$317.69 Million |
|
Gaumont SA
PA:GAM
|
$317.74 Million |
|
GENERALFINANCE SPA
F:VG30
|
$317.59 Million |
|
Viettel Construction JSC
VN:CTR
|
$317.26 Million |
|
Chien Kuo Construction Co Ltd
TW:5515
|
$316.94 Million |
|
BLD Plantation Bhd
KLSE:5069
|
$316.91 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 2025 to 2026, total equity changed from 37,460,800,000 to 41,459,600,000, a change of 3,998,800,000 (10.7%).
- Net income of 4,336,500,000 contributed positively to equity growth.
- Dividend payments of 380,000,000 reduced retained earnings.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs4.34 Billion | +10.46% |
| Dividends Paid | Rs380.00 Million | -0.92% |
| Other Changes | Rs42.30 Million | +0.1% |
| Total Change | Rs- | 10.67% |
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: 0.71x
- 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 51.43x to 0.71x 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 | Rs1009.10 | x |
| 2008-03-31 | Rs32.44 | Rs1009.10 | x |
| 2009-03-31 | Rs30.19 | Rs1009.10 | x |
| 2010-03-31 | Rs47.35 | Rs1009.10 | x |
| 2011-03-31 | Rs66.67 | Rs1009.10 | x |
| 2012-03-31 | Rs79.26 | Rs1009.10 | x |
| 2013-03-31 | Rs92.31 | Rs1009.10 | x |
| 2014-03-31 | Rs95.12 | Rs1009.10 | x |
| 2015-03-31 | Rs110.78 | Rs1009.10 | x |
| 2016-03-31 | Rs135.02 | Rs1009.10 | x |
| 2017-03-31 | Rs200.79 | Rs1009.10 | x |
| 2018-03-31 | Rs298.10 | Rs1009.10 | x |
| 2019-03-31 | Rs382.16 | Rs1009.10 | x |
| 2020-03-31 | Rs443.89 | Rs1009.10 | x |
| 2021-03-31 | Rs522.68 | Rs1009.10 | x |
| 2022-03-31 | Rs797.99 | Rs1009.10 | x |
| 2023-03-31 | Rs963.28 | Rs1009.10 | x |
| 2024-03-31 | Rs1079.26 | Rs1009.10 | x |
| 2025-03-31 | Rs1286.78 | Rs1009.10 | x |
| 2026-03-31 | Rs1424.14 | Rs1009.10 | 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): 10.46%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.96%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 1.18x
- Recent ROE (10.46%) is below the historical average (18.60%), 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 |
| 2026 | 10.46% | 19.96% | 0.44x | 1.18x | Rs190.54 Million |
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: $4,000,791,456
- Average return on equity (ROE) among peers: 9.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Maithan Alloys Limited (MAITHANALL) | Rs41.58 Billion | 20.88% | 0.18x | $317.65 Million |
| Ankit Metal & Power Limited (ANKITMETAL) | $1.13 Billion | 20.13% | 1.71x | $2.64 Million |
| APL Apollo Tubes Limited (APLAPOLLO) | $9.64 Billion | 15.38% | 1.88x | $6.82 Billion |
| Bansal Wire Industries Ltd (BANSALWIRE) | $4.61 Billion | 15.96% | 1.74x | $525.87 Million |
| Bedmutha Industries Limited (BEDMUTHA) | $-1.62 Billion | 0.00% | 0.00x | $36.55 Million |
| Bharat Wire Ropes Limited (BHARATWIRE) | $1.40 Billion | 1.17% | 3.29x | $128.43 Million |
| Electrotherm (India) Limited (ELECTHERM) | $7.10 Billion | 7.62% | 3.03x | $127.54 Million |
| Grand Foundry Limited (GFSTEELS) | $-28.66 Million | 0.00% | 0.00x | $8.37 Million |
| Goodluck India Limited (GOODLUCK) | $6.20 Billion | 14.16% | 1.37x | $185.93 Million |
| Godawari Power And Ispat limited (GPIL) | $5.08 Billion | 11.02% | 1.22x | $1.64 Billion |
| Hariom Pipe Industries Limited (HARIOMPIPE) | $6.49 Billion | 11.66% | 0.88x | $121.54 Million |
About Maithan Alloys Limited
Maithan Alloys Limited manufactures and exports ferro alloys. The company provides ferro manganese, silico manganese, and ferro silicon products. It is also involved in the generation and supply of wind power. In addition, the company offers manufacturing and trading of metals and/or minerals and real estate businesses; processing of powder and lump; generation of electricity; manufacturing of sp… Read more