Maithan Alloys Limited (MAITHANALL) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Maithan Alloys Limited ₹1,152, price ₹927, upside +24.3%, quality 51 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 1, 2026.
How to read this chart
60‑month range ₹743.39 – ₹1,486 · fair‑value band ₹872.50 – ₹1,399 · the ₹927.00 price screens below the ₹1,152 fair value. Dashed = 300-day average. As of Oct 1, 2026.
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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.
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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 specialized parts for railways, tramways, locomotives or of rolling stock and to manufacture and deals in goods and products used in defence sector & real estate business; and real estate development, construction, leasing, trading, and property management services. Maithan Alloys Limited serves steel companies in India and internationally. The company was incorporated in 1985 and is based in Kolkata, India.
Stock analysis
Maithan Alloys Limited (MAITHANALL) currently trades at ₹927.00, while our model-based Fair Value estimate is ₹1,152, implying the stock looks roughly 19.5% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹2,402 per share, and 12 of the 17 models we run sit above the ₹927.00 price.
Bear case: the Dividend Discount group reads lowest at ₹143.60, and 5 of the 17 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹872.50 (bear) to ₹1,399 (bull), the price of ₹927.00 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 51/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Maithan Alloys Limited reported revenue of ₹21.7B in FY2026 versus ₹29.2B in FY2022, a compound −7.1%/yr. Reported net income was ₹4.3B in FY2026, compounding −14.7%/yr from FY2022.
Key figures
Market cap ₹27.0B (≈ $280M) · P/E ratio 9.3 · P/S ratio 1.85 · EPS (TTM) ₹99.78 · Dividend yield 0.6% · Net margin 20.0% · Return on equity 11.1% · Return on assets (EBIT) 14.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).
What moves the price
The share trades about 20% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −44% fair-value upside, at 24%, MAITHANALL screens cheaper than that median.
Fair Value models
Bear ₹872.50Fair Value ₹1,152Bull ₹1,399
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹47.79 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+20.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−9.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.6%
Start year 2021 (pandemic). Over 10 years: +6.6% a year
Revenue growth 19 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+15.0%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+14.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.4%
Dividend (yield on the price)0.6%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.13.4% vs 18.6%, slowing
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.17% → 11%
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Steel · 394 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score51 · Above median
Fair Value upside+24.2% · Above median
Profitability
Return on equity (TTM)11.1% · Top 25%
Return on assets3.0% · Above median
Net margin (TTM)14.0% · Top 25%
Operating margin (TTM)15.8% · Top 25%
Growth and dividend
Revenue growth−14.7% · Bottom 25%
Dividend yield (TTM)0.6% · Bottom 25%
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Steel median · lower = cheaper
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Is Maithan Alloys Limited (MAITHANALL) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of ₹1,152 versus a price of ₹927.00, about +24% upside (undervalued).
What is the fair value of MAITHANALL?
Our model-based fair value for Maithan Alloys Limited is ₹1,152 (as of Oct 1, 2026), built from audited fundamentals. The current price: ₹927.00.
What is the quality score of MAITHANALL?
Maithan Alloys Limited has a Quality Score of 51/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Maithan Alloys Limited (MAITHANALL)?
Our model-based price target is the fair value of ₹1,152 (as of Oct 1, 2026) from 17 valuation models. Cautious scenario ₹872.50, optimistic scenario ₹1,399. It is a calculation from audited fundamentals, not an analyst target.
What is the Maithan Alloys Limited stock forecast for 2026?
Our models put fair value at ₹1,152, about +24% upside versus a price of ₹927.00 (undervalued). Cautious scenario ₹872.50, optimistic scenario ₹1,399. The calculation is refreshed regularly with new filings.
What is the revenue of Maithan Alloys Limited (MAITHANALL)?
Maithan Alloys Limited reported trailing-twelve-month revenue of about ₹20.8B (latest available figure, as of Oct 1, 2026).
Does Maithan Alloys Limited pay a dividend?
Maithan Alloys Limited currently shows a dividend yield of about 0.65% relative to its recent price (as of Oct 1, 2026).
What is the intrinsic value of Maithan Alloys Limited (MAITHANALL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Maithan Alloys Limited it is ₹1,152 per share (as of Oct 1, 2026), against a price of ₹927.00. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Maithan Alloys Limited stock overvalued or undervalued in 2026?
As of Oct 1, 2026, MAITHANALL trades below its calculated fair value: price ₹927.00, fair value ₹1,152, a gap of about +24% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of MAITHANALL?
No. The price is what the market pays today (₹927.00); the fair value is what the company's own numbers justify (₹1,152). For Maithan Alloys Limited the two are ₹224.79 per share apart. That gap is exactly why we show both numbers side by side.
How much is Maithan Alloys Limited worth?
The market values Maithan Alloys Limited at about ₹27.0B (market capitalisation, as of Oct 1, 2026). Per share that is ₹927.00; our models calculate a fair value of ₹1,152 per share.
What do the bullish and bearish scenarios say about MAITHANALL?
Our models span a range for Maithan Alloys Limited: cautious scenario ₹872.50, base ₹1,152, optimistic ₹1,399 per share (as of Oct 1, 2026, price ₹927.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MAITHANALL?
Maithan Alloys Limited trades at a price-to-earnings ratio of 9.3 (as of Oct 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹1,152 is built from several models across several years. Other multiples: P/B 0.7, P/S 1.3, EV/EBITDA 9.1.
How solid is the balance sheet of Maithan Alloys Limited (MAITHANALL)?
Balance-sheet figures for Maithan Alloys Limited (as of Oct 1, 2026): return on equity 11.1%, debt of 0.00 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is MAITHANALL from its 52-week high?
Maithan Alloys Limited trades at ₹927.00, about 20% below its 52-week high of ₹1,160 and 13% above the low of ₹823.48 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹1,152 is for.
Which stocks are comparable to Maithan Alloys Limited?
From the same area (Basic Materials) we also value Nucor Corporation, ArcelorMittal S.A, Steel Dynamics, Inc, JSW Steel Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Maithan Alloys Limited stock attractive at the current price?
The data as of Oct 1, 2026: price ₹927.00, calculated fair value ₹1,152 (+24%), Quality Score 51/100, from 17 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of MAITHANALL calculated?
We run Maithan Alloys Limited through 17 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹1,152, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Maithan Alloys Limited currently trades 20 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Maithan Alloys Limited (MAITHANALL)?
The closing price on Oct 1, 2026 was ₹927.00. Our model-based fair value is ₹1,152, about +24% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Maithan Alloys Limited right now?
Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Maithan Alloys Limited (MAITHANALL) come from?
Earnings per share at Maithan Alloys Limited grew +18.3 % a year from 2015 to 2026. Broken into its drivers: revenue per share +5.4 %, EBIT margin −0.1 %, tax rate −0.3 %, residual (interest, one-offs) +12.7 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Maithan Alloys Limited
How large is the market capitalisation of Maithan Alloys Limited (MAITHANALL)?
The market capitalisation of Maithan Alloys Limited is ₹27.0B (≈ $280M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Maithan Alloys Limited (MAITHANALL)?
The price-to-sales ratio of Maithan Alloys Limited is 1.85 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Maithan Alloys Limited (MAITHANALL)?
Earnings per share at Maithan Alloys Limited are ₹99.78 (price ÷ EPS = P/E 9.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Maithan Alloys Limited (MAITHANALL)?
The dividend yield of Maithan Alloys Limited is 0.6% (payout 6.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Maithan Alloys Limited (MAITHANALL)?
The net margin of Maithan Alloys Limited is 20.0% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Maithan Alloys Limited (MAITHANALL)?
The return on equity (ROE) of Maithan Alloys Limited is 11.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Maithan Alloys Limited (MAITHANALL)?
On an EBIT basis the return on assets of Maithan Alloys Limited is 14.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Maithan Alloys Limited (MAITHANALL)?
The operating margin of Maithan Alloys Limited is 15.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Maithan Alloys Limited (MAITHANALL)?
Revenue at Maithan Alloys Limited is growing −14.7% versus a year earlier (3y avg −9.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Maithan Alloys Limited (MAITHANALL)?
Earnings per share at Maithan Alloys Limited are growing −26.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Maithan Alloys Limited (MAITHANALL) generate?
The free cash flow of Maithan Alloys Limited is −₹161M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Maithan Alloys Limited (MAITHANALL) carry?
The net debt of Maithan Alloys Limited is ₹1.3B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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