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MOIL Limited (MOIL) fair value: what the stock is really worth

As of Oct 1, 2026: fair value of MOIL Limited ₹113, price ₹233, upside -51.2%, quality 50 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Basic Materials · IN · ISIN INE490G01020

ML Broad data Sep 27, 2026

MOIL Limited

MOIL · NSE

Weakest SetupStrongly overvalued and low quality.

!Fair value ₹113.44 · Strongly overvalued (−51.2%)
!Quality 50/100
!Expensive Growth (revenue 5y +4.6 %/yr)
✓Solidly profitable · 18.2% net margin (TTM)
!Low debt · negative free cash flow
!3.0% dividend yield · Watch coverage
!Mixed vs. peers (7/13)
!Moderate moat 51/100
!Weak on future: 13 out of 100
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

₹534.88 ₹126.64 Fair Value ₹113.44 Jun 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.

How to read this chart

60‑month range ₹126.64 – ₹534.88 · fair‑value band ₹106.32 – ₹126.98 · the ₹232.66 price screens above the ₹113.44 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.

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Company profile

MOIL Limited engages in the exploration, development, and marketing of various grades of manganese ores in India and Internationally. It operates through three segments: Mining, Manufacturing, and Power Generation.

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MOIL Limited engages in the exploration, development, and marketing of various grades of manganese ores in India and Internationally. It operates through three segments: Mining, Manufacturing, and Power Generation. The company manufactures and sells various grades of manganese ores, such as high-grade ores for the production of ferro manganese; medium grade ores for the production of silico manganese; blast furnace grade ores for producing hot metals; and dioxide for dry battery cells and chemical industries. It also offers electrolytic manganese dioxide and high carbon ferro manganese. In addition, the company operates wind energy farms with an installed capacity of 4.8 MW at Nagda Hills and 15.2 MW at Ratedi Hills in Dewas district of Madhya Pradesh; and solar power plant with an installed capacity of 5MW in Maharashtra and 5.5MW in Madhya Pradesh, as well as 10 mines located in Maharashtra and Madhya Pradesh. The company was formerly known as Manganese Ore (India) Limited. and changed its name to MOIL Limited in 2010. MOIL Limited was founded in 1896 and is based in Nagpur, India.

Stock analysis

MOIL Limited (MOIL) currently trades at ₹232.66, while our model-based Fair Value estimate is ₹113.44, 51.2% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of ₹203.45 per share, and 2 of the 17 models we run sit above the ₹232.66 price.

Bear case: the Dividend Discount group reads lowest at ₹84.11, and 15 of the 17 models stay below the price. Evidence for this calculation is high.

Scenario range: ₹106.32 (bear) to ₹126.98 (bull), the price of ₹232.66 sits above 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 50/100 (below-average quality), in the Basic Materials sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

MOIL Limited reported revenue of ₹14.7B in FY2026 versus ₹14.4B in FY2022, a compound +0.6%/yr. Reported net income was ₹2.7B in FY2026, compounding −8.2%/yr from FY2022.

Key figures

Market cap ₹56.4B (≈ $585M) · P/E ratio 16.3 · P/S ratio 2.96 · EPS (TTM) ₹14.28 · Dividend yield 3.0% · Net margin 18.2% · Return on equity 10.0% · Return on assets (EBIT) 11.5%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).

What moves the price

The share trades about 40% below its 52-week high and at its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at −51%, MOIL screens richer than that median.

Fair Value models

Bear ₹106.32 Fair Value ₹113.44 Bull ₹126.98
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 (₹3.72 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.
Highest evidence
Owner Earnings ₹86.70 ₹109.95 ₹141.00 78
Residual Income ₹110.53 ₹119.59 ₹136.41 76
EPV ₹103.50 ₹112.85 ₹120.65 74
All 17 models by family
DCF Models
Owner Earnings ₹86.70 ₹109.95 ₹141.00 78
Earnings-Based
Graham-Dodd ₹89.39 ₹280.19 ₹372.91 64
Lynch FV ₹61.19 ₹87.41 ₹113.64 61
PEG = 1.0 ₹61.19 ₹87.41 ₹113.64 57
EPV ₹103.50 ₹112.85 ₹120.65 74
Dividend Discount
Gordon GGM ₹53.92 ₹97.16 ₹133.75 68
DDM Multi-Stage ₹53.92 ₹84.11 ₹103.79 67
Multiples
P/E Multiple ₹167.60 ₹223.46 ₹279.33 63
P/S Multiple ₹81.43 ₹108.57 ₹135.71 58
P/B Multiple ₹167.60 ₹223.46 ₹279.33 55
EV/EBIT ₹161.24 ₹203.34 ₹245.45 66
EV/EBITDA ₹187.74 ₹238.67 ₹289.61 67
EV/Revenue ₹110.92 ₹143.49 ₹176.06 54
Asset-Based
NCAV (Graham) ₹66.57 ₹89.21 ₹133.14 54
Economic Profit
Residual Income ₹110.53 ₹119.59 ₹136.41 76
ROIC Compounder ₹103.50 ₹112.85 ₹120.65 72
Growth Earnings
Growth-Adj P/E ₹142.42 ₹203.45 ₹264.49 67

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Quality Score breakdown

Overall quality 50/100

Of which business quality 51 · Market factors (momentum, volatility) 28

Profitability 48
Margins and returns on capital today
Quality Growth 10
Are margins and returns improving?
Cashflow 20
Earnings quality: real cash, not paper profit
Fin. Strength 95
Balance sheet, leverage, solvency risk
Investment 46
Disciplined investing over empire-building
Low Volatility 74
Calm price path (market factor)
Momentum 13
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 81
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 29/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−7.1%
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.
+3.3%
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.
+4.6%
Start year 2021 (pandemic). Over 10 years: +8.9% a year
Revenue growth 22 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.
+8.9%
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.
+9.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.1%
Dividend (yield on the price)3.0%
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.6.1% vs 2.6%, picking up
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% → 17%
Start year 2021 (pandemic)

MOIL screens overvalued: fair value 51% below the price. Compare with Saudi Arabian Mining Company →

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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.Other Industrial Metals & Mining · 355 stocks

Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 50 · Above median
Fair Value upside −51.2% · Below median
Profitability
Return on equity (TTM) 10.0% · Above median
Return on assets 4.8% · Above median
Net margin (TTM) 18.2% · Above median
Operating margin (TTM) 20.5% · Above median
Growth and dividend
Revenue growth 2.6% · Below median
Dividend yield (TTM) 3.0% · Top 25%

Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper

P/E (TTM) 16.3× · Pricier than median
P/B 2.08× · Pricier than median
P/S (TTM) 3.83× · Pricier than median
EV/EBITDA 11.9× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)13 · sector 60
PAST (return on equity)40 · sector 0
HEALTH (low debt)100 · sector 95
DIVIDEND (yield)60 · sector 31

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate.

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Korea Zinc Company 010130 1,116,000 KRW 646,063 KRW −42%
Boliden AB BOL kr 521.00 kr 464.45 −11%
Western Mining Co 601168 ¥35.19 ¥38.71 +10%
Ivanhoe Mines Ltd IVN C$12.06 C$4.46 −63%
Xiamen Tungsten Co 600549 ¥46.90 ¥23.62 −50%
Vedanta Limited VEDL ₹266.35 ₹655.92 +146%

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MOIL Limited · Fair Value
₹113.44 −51%Fair Value
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Cite: Fair Value Calculator (2026). "MOIL Limited Fair Value". https://www.fairvalue-calculator.com/stock/MOIL

Frequently asked questions

Is MOIL Limited (MOIL) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹113.44 versus a price of ₹232.66, about −51% upside (overvalued).
What is the fair value of MOIL?
Our model-based fair value for MOIL Limited is ₹113.44 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹232.66.
What is the quality score of MOIL?
MOIL Limited has a Quality Score of 50/100. 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 MOIL Limited (MOIL)?
Our model-based price target is the fair value of ₹113.44 (as of Sep 27, 2026) from 17 valuation models. Cautious scenario ₹106.32, optimistic scenario ₹126.98. It is a calculation from audited fundamentals, not an analyst target.
What is the MOIL Limited stock forecast for 2026?
Our models put fair value at ₹113.44, about −51% upside versus a price of ₹232.66 (overvalued). Cautious scenario ₹106.32, optimistic scenario ₹126.98. The calculation is refreshed regularly with new filings.
What is the revenue of MOIL Limited (MOIL)?
MOIL Limited reported trailing-twelve-month revenue of about ₹14.7B (latest available figure, as of Sep 27, 2026).
Does MOIL Limited pay a dividend?
MOIL Limited currently shows a dividend yield of about 2.98% relative to its recent price (as of Sep 27, 2026).
What is the intrinsic value of MOIL Limited (MOIL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For MOIL Limited it is ₹113.44 per share (as of Sep 27, 2026), against a price of ₹232.66. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is MOIL Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, MOIL trades above its calculated fair value: price ₹232.66, fair value ₹113.44, a gap of about −51% (overvalued). 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 MOIL?
No. The price is what the market pays today (₹232.66); the fair value is what the company's own numbers justify (₹113.44). For MOIL Limited the two are ₹119.22 per share apart. That gap is exactly why we show both numbers side by side.
How much is MOIL Limited worth?
The market values MOIL Limited at about ₹56.4B (market capitalisation, as of Sep 27, 2026). Per share that is ₹232.66; our models calculate a fair value of ₹113.44 per share.
What do the bullish and bearish scenarios say about MOIL?
Our models span a range for MOIL Limited: cautious scenario ₹106.32, base ₹113.44, optimistic ₹126.98 per share (as of Sep 27, 2026, price ₹232.66). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MOIL?
MOIL Limited trades at a price-to-earnings ratio of 16.3 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹113.44 is built from several models across several years. Other multiples: P/B 2.1, P/S 3.8, EV/EBITDA 11.9.
How solid is the balance sheet of MOIL Limited (MOIL)?
Balance-sheet figures for MOIL Limited (as of Sep 27, 2026): return on equity 10.0%. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is MOIL from its 52-week high?
MOIL Limited trades at ₹232.66, about 40% below its 52-week high of ₹387.79 and at the low of ₹232.66 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹113.44 is for.
Which stocks are comparable to MOIL Limited?
From the same area (Basic Materials) we also value Saudi Arabian Mining Company, CMOC Group, Hindustan Zinc Limited, China Tungsten And Hightech Materials Co, 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 MOIL Limited stock attractive at the current price?
The data as of Sep 27, 2026: price ₹232.66, calculated fair value ₹113.44 (−51%), Quality Score 50/100, 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 MOIL calculated?
We run MOIL 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 ₹113.44, 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. MOIL Limited itself currently trades above fair value. 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 MOIL Limited (MOIL)?
The closing price on Oct 1, 2026 was ₹232.66. Our model-based fair value is ₹113.44, about −51% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with MOIL Limited right now?
The price sits above even our optimistic bull case (₹126.98). The favourable scenario is already priced in. Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of MOIL Limited (MOIL) come from?
Earnings per share at MOIL Limited grew +5.8 % a year from 2015 to 2026. Broken into its drivers: revenue per share +12.8 %, EBIT margin −3.1 %, tax rate +1.9 %, residual (interest, one-offs) −5.0 %. 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 MOIL Limited

How large is the market capitalisation of MOIL Limited (MOIL)?
The market capitalisation of MOIL Limited is ₹56.4B (≈ $585M). 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 MOIL Limited (MOIL)?
The price-to-sales ratio of MOIL Limited is 2.96 (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 MOIL Limited (MOIL)?
Earnings per share at MOIL Limited are ₹14.28 (price ÷ EPS = P/E 16.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of MOIL Limited (MOIL)?
The dividend yield of MOIL Limited is 3.0% (payout 48.6%). 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 MOIL Limited (MOIL)?
The net margin of MOIL Limited is 18.2% (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 MOIL Limited (MOIL)?
The return on equity (ROE) of MOIL Limited is 10.0% (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 MOIL Limited (MOIL)?
On an EBIT basis the return on assets of MOIL Limited is 11.5% (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 MOIL Limited (MOIL)?
The operating margin of MOIL Limited is 20.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at MOIL Limited (MOIL)?
Revenue at MOIL Limited is growing +2.6% versus a year earlier (3y avg +3.3%). 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 MOIL Limited (MOIL)?
Earnings per share at MOIL Limited are growing −19.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does MOIL Limited (MOIL) generate?
The free cash flow of MOIL Limited is −₹1.1B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does MOIL Limited (MOIL) hold?
MOIL Limited holds more cash than debt, ₹7.1B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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