Maithan Alloys Ltd.

BSE: 590078 NSE: MAITHANALL
Maithan Alloys Ltd. - environment in Kolkata, West Bengal, India. FY 2026 financials & compliance.
CIN L27101WB1985PLC039503 Incorporated 19 September 1985 ROC Kolkata HQ Kolkata, West Bengal, India
Active Listed - NSE: MAITHANALL · BSE: 590078 Public Limited Company environment
Data last updated
Market Cap
₹2,525 Cr
MAITHANALL · NSE
Share Price
₹831.20
-4.18% today
Revenue
₹2,173 Cr
FY 2025-26 · +20.3% YoY
EBITDA
₹261 Cr
Margin 12.0%
Net Profit
₹14.23 Cr
FY 2025-26 · -98.1% YoY
P/E (TTM)
8.7x
P/B 0.6x
ROE
0.6%
ROCE 7.7%
Debt / Equity
0.10
Interest cover 19.4x

About Maithan Alloys Ltd.

Data last updated:

Maithan Alloys Ltd. is a public limited company based in Kolkata, West Bengal, India. It operates in the wind energy solutions segment of the environmental services sector. It was incorporated on 19 September 1985 and has been in existence for over 41 years.

Its director Subhas Chandra Agarwalla and family are #1,320 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN L27101WB1985PLC039503. Its GSTIN is 19AABCM7758B1ZD (West Bengal). The company holds 10 GST registrations, of which 5 are active. Its shares are listed on BSE: 590078 and NSE: MAITHANALL.

The company has an authorised share capital of ₹167.69 Cr and a paid-up capital of ₹29.11 Cr. It was formerly known as Maithan Steel and Casting Limited. It is led by directors including Subhas Chandra Agarwalla (Managing Director) and Subodh Agarwalla (Whole-Time Director).

Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 4th Floor 9 A J C Bose Road, Kolkata, West Bengal, India – 700017.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹2,172.59 Cr, a growth of 20.3% compared to the previous year. For the same year it recorded a net profit of ₹14.23 Cr (net margin 0.7%) and EBITDA of ₹261.28 Cr (EBITDA margin 12%). The net worth stands at ₹4,150.08 Cr (up 10.5% YoY). Total assets are valued at ₹4,398.49 Cr (up 1.2% YoY).

The company has about 944 employees on its provident fund (EPFO) records. Its group structure includes 6 subsidiaries.

The company is associated with 1 brand: Maithan Alloys. As per MCA filings, the company has open charges of ₹1,186.4 Cr and satisfied charges of ₹2,038.54 Cr on record. Court records list 132 cases involving the company, including 76 filed by the company and 31 filed against it; 45 cases are pending. The company has 11 deals on record (11 market trades); the latest was in January 2026. Its 10 peer companies in the Metals and Minerals industry (Metals) are compared by revenue, 5 larger and 5 smaller; the largest is SKH Sheet Metals Components Private Limited with revenue of ₹3,942.42 Cr.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website maithanalloys.com.

Company Details of Maithan Alloys Ltd.
CIN L27101WB1985PLC039503
Registration Number 039503
Incorporation Date 19 September 1985
ROC Kolkata
Listing Status Listed (BSE: 590078, NSE: MAITHANALL)
Company Status Active
Date of Last AGM 27 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant

CIN History of Maithan Alloys Ltd.

Maithan Alloys has one previous CIN (Corporate Identification Number): L99999WB1985PLC039503. The current CIN is L27101WB1985PLC039503, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L27101WB1985PLC039503Current
L99999WB1985PLC039503Previous
Key People
Subhas Chandra Agarwalla Managing Director Subodh Agarwalla Whole-Time Director Palghat Venkatramani Director

Recognitions & Rankings of Maithan Alloys

Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    maithanalloys.com
  • Social Media
  • Registered Address
    4th Floor 9 A J C Bose Road, Kolkata, West Bengal, India – 700017
  • Industry
    Environment, Wind Energy Solutions
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Financials, compliance, directors, charges, ownership and filings for Maithan Alloys Ltd. in one report.

Financials from 2015 Directors & ownership Charges & compliance

Associated Brands with Maithan Alloys Ltd.

Maithan Alloys operates one associated brand: Maithan Alloys. Each brand links to its own profile.

BrandDescriptionWebsite
Maithan Alloys
Ferro silicon manganese alloys are manufactured and exported globally.maithanalloys.com

Business Activity of Maithan Alloys Ltd.

The main business activities of Maithan Alloys are manufacturing and trade. In detail, this covers metal and metal products and wholesale trading. 2 activity segments are registered with the MCA.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC7Metal and metal productsLocked
GTradeG1Wholesale TradingLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

  • Turnover contribution
  • Historical classifications
  • Filing-level activity changes

Verified entity values are shown only after access is granted.

Financials of Maithan Alloys Ltd. FY 2025-26 filings available

Maithan Alloys Ltd. reported revenue of ₹2,172.59 Cr (up 20.3% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹2,173 Cr
+20.3% YoY
EBITDA
₹261 Cr
+45.9% YoY
Profit After Tax
₹14.23 Cr
-98.1% YoY
Net Worth
₹4,150 Cr
+10.5% YoY
Total Assets
₹4,398 Cr
+1.2% YoY
Total Debt
₹233 Cr
-59.8% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue2,1731,8061,7292,8852,9921,6201,831
Revenue growth+20.3%+4.5%-40.1%-3.6%+84.7%-11.5%-
EBITDA2611791164871,071294235
EBITDA margin+12.0%+9.9%+6.7%+16.9%+35.8%+18.2%+12.8%
Profit before tax6048524506371,082299279
Net profit14.23765269513822220185
Net profit margin+0.7%+42.4%+15.6%+17.8%+27.5%+13.6%+10.1%
EPS (₹)148.97216.48119.88171.44281.0279.3076.27
Balance sheet
Total assets4,3984,3473,1772,8282,3321,5741,307
Net worth4,1503,7553,1552,8122,3231,5221,292
Total debt23358017.2111.815.2048.6910.41
Cash & bank10758.8977.581,12810227.45639
Net working capital1,3751,1161,0651,6331,1795671,070
Cash flow
Cash from operations(9.86)49.77(411)968237117(44.95)
Cash from investing481(591)371(962)(105)(761)696
Cash from financing(434)522(8.69)(5.10)(62.10)37.08(42.51)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue540559490491632435531464
Revenue growth (YoY)-14.7%+28.5%-7.7%+5.7%+68.6%---
Other income417(159)75.52(153)649(116)97.06179
EBITDA90.8310655.4132.1265.3976.4729.4049.24
EBITDA margin+16.8%+19.0%+11.3%+6.5%+10.3%+17.6%+5.5%+10.6%
Depreciation5.635.645.755.925.886.306.335.51
Interest4.5514.033.6613.9712.448.126.405.48
Profit before tax498(72.32)122(141)696(54.37)114217
Tax102(1.64)28.78(22.21)1583.7923.4174.75
Net profit396(70.68)92.74(119)538(58.16)90.32143
EPS (₹)135.01(24.21)30.55(41.55)184.17(20.96)31.2049.41
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue2,1891,8251,7232,9083,0581,6201,831
Revenue growth+19.9%+5.9%-40.7%-4.9%+88.8%-11.5%-
EBITDA1831681104021,054298235
EBITDA margin+8.3%+9.2%+6.4%+13.8%+34.5%+18.4%+12.8%
Profit before tax5648504495631,070302279
Net profit(19.39)759272440807222185
Net profit margin-0.9%+41.6%+15.8%+15.1%+26.4%+13.7%+10.1%
EPS (₹)149.35216.79120.59146.52277.4680.0576.23
Balance sheet
Total assets4,3854,3233,0912,7462,3301,5831,314
Net worth4,1523,7543,0702,7312,3221,5311,299
Total debt23156517.2111.815.2048.6910.41
Cash & bank87.3153.0767.161,07794.2624.77636
Net working capital1,2811,0191,0741,6321,2925661,069
Cash flow
Cash from operations6.88524(440)958128116(45.39)
Cash from investing438(1,049)416(956)(0.15)(760)697
Cash from financing(419)505(13.61)(13.03)(62.10)37.08(42.61)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue571577519502654439540470
Revenue growth (YoY)-12.7%+31.5%-4.0%+6.8%+76.4%---
Other income432(162)88.90(142)660(113)97.99180
Total expenses502507488486604378509417
EBITDA68.6170.2530.0916.3150.0260.5230.7653.74
EBITDA margin+12.0%+12.2%+5.8%+3.2%+7.7%+13.8%+5.7%+11.4%
Depreciation4.513.253.353.533.533.783.753.72
Interest4.4413.313.4012.1112.107.766.095.80
Profit before tax492(108)112(141)695(63.59)119224
Tax97.37(20.44)25.76(28.81)1532.6423.7172.56

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 21 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue540559490491632435531464
Revenue growth (YoY)-14.7%+28.5%-7.7%+5.7%+68.6%---
Other income417(159)75.52(153)649(116)97.06179
EBITDA90.8310655.4132.1265.3976.4729.4049.24
EBITDA margin+16.8%+19.0%+11.3%+6.5%+10.3%+17.6%+5.5%+10.6%
Depreciation5.635.645.755.925.886.306.335.51
Interest4.5514.033.6613.9712.448.126.405.48
Profit before tax498(72.32)122(141)696(54.37)114217
Tax102(1.64)28.78(22.21)1583.7923.4174.75
Net profit396(70.68)92.74(119)538(58.16)90.32143
EPS (₹)135.01(24.21)30.55(41.55)184.17(20.96)31.2049.41
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue2,1731,8061,7292,8852,9921,6201,831
Revenue growth+20.3%+4.5%-40.1%-3.6%+84.7%-11.5%-
Other income41272135817532.1123.9766.16
Total expenses1,9111,6271,6132,3981,9221,3251,596
Employee cost46.9227.8229.4238.0933.1225.9327.17
EBITDA2611791164871,071294235
EBITDA margin+12.0%+9.9%+6.7%+16.9%+35.8%+18.2%+12.8%
Depreciation23.1923.2920.7820.2116.9115.6215.81
Interest46.1524.153.034.783.443.195.89
Profit before tax6048524506371,082299279
Tax16322210113826469.4357.24
Net profit14.23765269513822220185
Net profit margin+0.7%+42.4%+15.6%+17.8%+27.5%+13.6%+10.1%
EPS (₹)148.97216.48119.88171.44281.0279.3076.27
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital33.2337.6142.1137.1129.1129.1129.11
Reserves & surplus4,1173,7173,1132,7752,2941,4921,263
Shareholders' funds (net worth)4,1503,7553,1552,8122,3231,5221,292
Minority interest12.509.090.990.990.72(0.26)0.53
Secured loans23157713.908.411.7245.146.84
Unsecured loans1.903.223.313.403.483.553.57
Total debt23358017.2111.815.2048.6910.41
Total liabilities4,3984,3473,1772,8282,3321,5741,307
Assets
Gross block469466384378367287284
Net block304312253267276203217
Capital work in progress1.481.2454.242.500.330.001.10
Investments2,8403,0561,7888708247955.82
Inventories1,2471,086350304676349277
Sundry debtors130143387423689436281
Cash & bank balances10758.8977.581,12810227.45639
Loans & advances19498.7248763.1310447.2253.26
Total current assets1,6781,3871,3021,9181,5718591,250
Total current liabilities303271237285392293179
Net working capital1,3751,1161,0651,6331,1795671,070
Total assets4,3984,3473,1772,8282,3321,5741,307
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash21.8040.8489.5088.3718.5662516.60
Net cash from operating activities(9.86)49.77(411)968237117(44.95)
Net cash from investing activities481(591)371(962)(105)(761)696
Net cash from financing activities(434)522(8.69)(5.10)(62.10)37.08(42.51)
Net change in cash37.16(19.04)(48.66)1.1369.81(607)609
Closing cash10758.8977.581,12810227.45639
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+20.3%+4.5%-40.1%-3.6%+84.7%-11.5%-
EBITDA growth+45.9%+54.6%-76.2%-54.5%+263.8%+25.3%-
PBT growth-29.2%+89.6%-29.4%-41.2%+261.4%+7.2%-14.6%
Net income growth-98.1%+183.9%-47.5%-37.5%+274.2%+18.5%-
Revenue CAGR (3Y)-9.0%-15.5%+2.2%+16.4%+14.6%-4.8%+10.9%
EBITDA CAGR (3Y)-18.7%-44.9%-26.7%+27.5%+48.9%-8.5%-4.9%
Profitability & leverage
Net income margin+20.3%+34.9%+20.2%+17.3%+27.3%+14.2%+12.1%
Return on capital employed+7.7%+28.2%+11.7%+24.9%+55.6%+21.0%+19.7%
Return on net worth+0.6%+22.2%+9.1%+19.5%+42.6%+16.4%+15.4%
Debt / equity0.100.090.000.000.010.020.01
Long-term debt / equity0.000.000.000.000.000.000.00
Interest cover19.3815.513.191.020.331.142.69
Efficiency & per share
Fixed asset turnover4.654.254.547.759.155.676.43
Inventory turnover1.862.525.295.895.845.186.81
Debtors turnover15.876.804.265.195.324.526.82
EPS (₹)148.97216.48119.88171.44281.0279.3076.27
Dividend per share (₹)17.0016.006.006.006.006.006.00
Book value per share (₹)1,424.241,286.871,079.32963.33798.03522.71443.91
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue571577519502654439540470
Revenue growth (YoY)-12.7%+31.5%-4.0%+6.8%+76.4%---
Other income432(162)88.90(142)660(113)97.99180
Total expenses502507488486604378509417
EBITDA68.6170.2530.0916.3150.0260.5230.7653.74
EBITDA margin+12.0%+12.2%+5.8%+3.2%+7.7%+13.8%+5.7%+11.4%
Depreciation4.513.253.353.533.533.783.753.72
Interest4.4413.313.4012.1112.107.766.095.80
Profit before tax492(108)112(141)695(63.59)119224
Tax97.37(20.44)25.76(28.81)1532.6423.7172.56
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue2,1891,8251,7232,9083,0581,6201,831
Revenue growth+19.9%+5.9%-40.7%-4.9%+88.8%-11.5%-
Other income44372535718134.7923.7265.92
Total expenses2,0061,6571,6132,5062,0041,3221,596
Employee cost43.7226.1228.9534.8532.1725.8727.06
EBITDA1831681104021,054298235
EBITDA margin+8.3%+9.2%+6.4%+13.8%+34.5%+18.4%+12.8%
Depreciation18.4520.7715.1714.5115.2815.6215.81
Interest42.8623.322.924.643.443.195.89
Profit before tax5648504495631,070302279
Tax12921898.0413726269.4157.24
Net profit(19.39)759272440807222185
Net profit margin-0.9%+41.6%+15.8%+15.1%+26.4%+13.7%+10.1%
EPS (₹)149.35216.79120.59146.52277.4680.0576.23
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital29.1129.1129.1129.1129.1129.1129.11
Reserves & surplus4,1223,7253,0412,7022,2931,5021,270
Shareholders' funds (net worth)4,1523,7543,0702,7312,3221,5311,299
Secured loans22956213.908.411.7245.146.84
Unsecured loans1.903.223.313.403.483.553.57
Total debt23156517.2111.815.2048.6910.41
Total liabilities4,3854,3233,0912,7462,3301,5831,314
Assets
Gross block352370263255249277276
Net block195219145151160193207
Capital work in progress0.970.270.681.520.250.001.10
Investments3,0033,2201,86993884981526.35
Inventories674602340272608349277
Sundry debtors128145388423762436281
Cash & bank balances87.3153.0767.161,07794.2624.77636
Loans & advances69047249811819447.1654.25
Total current assets1,5791,2721,2921,8911,6588571,248
Total current liabilities298254218259367290179
Net working capital1,2811,0191,0741,6321,2925661,069
Total assets4,3854,3233,0912,7462,3301,5831,314
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash17.0436.8072.8884.1018.2662516.33
Net cash from operating activities6.88524(440)958128116(45.39)
Net cash from investing activities438(1,049)416(956)(0.15)(760)697
Net cash from financing activities(419)505(13.61)(13.03)(62.10)37.08(42.61)
Net change in cash25.65(19.76)(37.19)(11.22)65.84(607)609
Closing cash87.3153.0767.161,07794.2624.77636
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+19.9%+5.9%-40.7%-4.9%+88.8%-11.5%-
EBITDA growth+8.5%+52.6%-72.6%-61.9%+254.2%+26.7%-
PBT growth-33.6%+89.2%-20.2%-47.4%+253.8%+8.4%-14.6%
Net income growth-102.6%+179.6%-38.2%-45.5%+263.7%+19.7%-
Revenue CAGR (3Y)-9.0%-15.8%+2.1%+16.7%+15.4%-4.8%+10.9%
EBITDA CAGR (3Y)-23.1%-45.8%-28.2%+19.6%+48.1%-8.2%-5.6%
Profitability & leverage
Net income margin+19.9%+34.6%+20.4%+14.7%+26.4%+14.4%+12.1%
Return on capital employed+6.1%+28.2%+12.0%+22.4%+54.9%+21.1%+19.6%
Return on net worth-0.5%+22.3%+9.4%+16.9%+41.9%+16.5%+15.3%
Debt / equity0.100.090.010.000.010.020.01
Long-term debt / equity0.000.000.000.000.000.000.00
Interest cover26.1115.813.071.200.331.132.69
Efficiency & per share
Fixed asset turnover6.075.766.6511.5411.615.866.65
Inventory turnover3.433.885.636.606.395.186.81
Debtors turnover16.016.854.254.915.104.526.82
EPS (₹)149.35216.79120.59146.52277.4680.0576.23
Dividend per share (₹)17.0016.006.006.006.006.006.00
Book value per share (₹)1,426.161,289.761,054.74938.06797.69525.93446.38
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Board of Directors of Maithan Alloys Ltd.

Maithan Alloys has 7 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Subhas Chandra Agarwalla
Also directs: Maithan Fresh Private Limited, Maithan Nutrition Private Limited, Super Bright Textiles & Fiance Pvt. Ltd. and 5 more
Managing Director15 Apr 199234 Years 6 MonthsCurrent
Subodh Agarwalla
Also directs: Maithan Fresh Private Limited, Maithan Nutrition Private Limited, Impex Metal & Ferro Alloys Ltd and 5 more
Whole-Time Director01 Jul 200620 Years 3 MonthsCurrent
Palghat Venkatramani
Also directs: Impex Metal & Ferro Alloys Ltd, Maithan Ferrous Private Limited, Ramagiri Renewable Energy Limited
Director29 Jun 201214 Years 3 MonthsCurrent
Srinivas Peddi
Also directs: Impex Metal & Ferro Alloys Ltd, Goldtree Impex Private Limited
Director24 Jun 20215 Years 3 MonthsCurrent
Naresh Kumar Jain
Also directs: Gunawata Agrofarms and Resorts Private Limited, RMC Power Recovery (India) Private Limited, Bengal Ambuja Metro Development Limited and 5 more
Director10 Feb 20242 Years 8 MonthsCurrent
Aayush KhetawatDirector14 Aug 20242 Years 2 MonthsCurrent
Showing 6 of 7 current directors. View all directors

Peer Comparison of Maithan Alloys Ltd.

Maithan Alloys Ltd. is compared with the companies closest to it by revenue in the Metals and Minerals industry (Metals). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
SKH Sheet Metals Components Private Limited₹3,942.42 Cr (FY 2025)••••••••60.0%••••Gurgaon, Haryana, India
Altim Metals Private Limited₹3,101.37 Cr (FY 2025)••••••••102.0%••••Mumbai, Maharashtra, India
Century Metal Recycling Limited₹2,662.67 Cr (FY 2020)••••••••-7.0%••••Faridabad, Haryana, India
Indian Metals and Ferro Alloys Ltd. Listed₹2,631.05 Cr (FY 2025)••••••••-7.0%••••Bhubaneswar, Odisha, India
Sree Metaliks Ltd.₹2,538.37 Cr (FY 2025)••••••••22.0%••••Kolkata, West Bengal, India
Agrawal Metal Works Private Limited₹2,522.55 Cr (FY 2025)••••••••23.0%••••New Delhi, Delhi, India
M S Metals and Steels Private Limited₹2,514.82 Cr (FY 2025)••••••••-15.0%••••Mumbai, Maharashtra, India
Mudra Precious Metals Private Limited₹2,337.05 Cr (FY 2025)••••••••132.0%••••Ahmedabad, Gujarat, India
CMR Nikkei India Private Limited₹2,289.3 Cr (FY 2025)••••••••22.0%••••Palwal, Haryana, India
Savli Copper Products Private Limited₹2,282.26 Cr (FY 2025)••••••••-19.0%••••Mumbai, Maharashtra, India
Maithan Alloys Ltd. this company₹2,172.59 Cr (FY 2026)••••••••20.3%••••Kolkata, West Bengal, India

Peers are the five companies nearest above and the five nearest below Maithan Alloys by revenue in the Metals and Minerals industry (Metals), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Shareholding Pattern of Maithan Alloys Ltd.

Shareholding for the quarter ended Sep 2026: promoters hold 75.00%, foreign institutional investors hold 1.10%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 24.00%.

Promoters: 75.00%FII (Foreign Institutional): 1.10%Retail & Others: 24.00%
Sep 2026
QUARTER
75.00% Promoters
1.10% FII (Foreign Institutional)
24.00% Retail & Others
Promoter holding - history
Now 75.00% · Sep 2026High 75.00% · Dec 2025Low 75.00% · Dec 2025
74%74.5%75%75.5%76%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 75.00%Mar 2026: 75.00%Jun 2026: 75.00%Sep 2026: 75.00%75.00%75.00%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters75.00%75.00%75.00%75.00%
Public25.00%25.00%25.00%25.00%

Charges & Borrowings of Maithan Alloys Ltd.

Open charges
₹1,186.4 Cr
Satisfied charges
₹2,038.54 Cr
Breakdown by lending institutions
State Bank of India₹555.70 Cr
Sbicap Trustee Company Limited₹555.70 Cr
Others₹75.00 Cr
Latest charge details
DateLenderAmountStatus
23 May 2025Others₹75 CrOpen
02 Feb 2009State Bank of India₹555.7 CrOpen
02 Feb 2009Sbicap Trustee Company Limited₹555.7 CrOpen
04 Jul 2018Hdfc Bank Limited₹75 CrSatisfied
21 Jun 2017Citi Bank N.A.₹75.56 CrSatisfied

Total charge records: 33 View all charges

Deals & Funding of Maithan Alloys Ltd.

Maithan Alloys Ltd. has 11 deals on record (11 market trades); the latest was in January 2026.

Total deals
11
Market trades
11

Deals on record (5 of 11)

WhenDealAmountParties
Jan 2026Market trade₹87.89 CrBuyer: NK Securities Research Private Limited , Musigma Securities, Microcurves Trading Private Limited
Seller: NK Securities Research Private Limited , Musigma Securities, Microcurves Trading Private Limited
Dec 2023Market trade₹28.15 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP
May 2021Market trade₹11.15 CrBuyer: Ma Kalyaneshwari Holdings Private Limited
Seller: an individual
Apr 2021Market trade₹68.82 CrBuyer: Ma Kalyaneshwari Holdings Private Limited
Seller: 4 individuals
Apr 2018Market trade₹183.65 CrBuyer: 2 individuals
Seller: 3 individuals
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Full deal history

All 11 deals with amounts, valuations, instruments and every party are in the company report.

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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Employees and EPFO Compliance at Maithan Alloys Ltd.

Maithan Alloys Ltd. has a workforce of 944 employees as of Apr 09, 2024.

Employee count
944
Active EPFO establishments
4
Employee growth
1.51%
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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

  • Monthly headcount
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  • ECR filing status
  • Establishment history

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Group Structure of Maithan Alloys Ltd.

Maithan Alloys has 6 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.

6
Subsidiary companies
Key Subsidiaries
Company NameCINShares Held
Anjaney Minerals LimitedU13100WB2008PLC130114-
Axl- Exploration Private LimitedU14292OR1999PTC005643-
Impex Metal & Ferro Alloys LimitedU27101WB1991PLC051901-
Maithan Ferrous Private LimitedU27300WB2019PTC235113-
Ramagiri Renewable Energy LimitedU40100MH1997PLC105323-
Salanpur Sinters Private LimitedU60100WB2012PTC188035-

Showing major subsidiaries. Total: 6.

Recent Activity on Maithan Alloys Ltd.

Maithan Alloys Ltd. has 35 board changes on record since 1985: 22 appointments and 13 cessations. The latest: Nand Kishore Agarwal ceased to be Director on 21 Sep 2024.

Charges
A charge with Sbicap Trustee Company Limited of Rs. 555.70 Cr registered on 02 Feb 2009 with Charge ID 10147068 was modified on 02 Jan 2026.
Charges
A charge registered on 07 Sep 2007 via Charge ID 10066687 with Axis Bank Limited was fully satisfied on 21 Nov 2025.
AGM
Maithan Alloys Ltd. last Annual general meeting of members was held on 27 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 75.00 Cr with Charge ID 101105376 was registered on 23 May 2025.
Filing
Maithan Alloys Ltd. has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Kolkata I.
Ceased
Nand Kishore Agarwal ceased to be Director.
Appointed
Aayush Khetawat was appointed as Director.
Appointed
Naresh Kumar Jain was appointed as Director.
Appointed
Sonal Choubey was appointed as Director.
Ceased
Kalpana Biswas Kundu ceased to be Director.
Ceased
Ashok Bhandari ceased to be Director.
Charges
A charge registered on 25 Nov 2011 via Charge ID 10325779 with Others was fully satisfied on 21 Feb 2023.

106 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Maithan Alloys Ltd.

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Credit ratings, litigation, and regulatory alerts

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MSME Payment Delays by Maithan Alloys Ltd.

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MSME payment history

Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.

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Subsidiaries & Group Companies of Maithan Alloys Ltd.

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Corporate group structure

Parent, subsidiary, associate and joint venture records with holdings are in the company report.

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GST Compliance of Maithan Alloys Ltd.

Maithan Alloys has 10 GST registrations: 5 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
10
Active
5
Cancelled / inactive
5
GSTINStateStatusRegistered on
19AABCM7758B1ZDWest BengalActive01 Jul 2017
19AABCM7758B2ZCWest BengalActive26 Jul 2017
17AABCM7758B1ZHMeghalayaActive01 Jul 2017
37AABCM7758B1ZFAndhra PradeshActive01 Jul 2017
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GST registrations and filing compliance

State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.

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MCA Filings & Documents of Maithan Alloys Ltd.

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MCA filings and documents

Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.

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  • Annual returns and statements
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Related news about Maithan Alloys Ltd.

Maithan Alloys: Company Acquires 0.04% Stake In Sterlite Technologies For ₹19.97 Crore Through Stock Market.
17 Oct 2026 · Exchange Update
Maithan Alloys: Customs Conducts Search And Seizure At Visakhapatnam Facility; No Financial Impact Reported; Operations Continue As Usual; Disclosure Issued On 13 October 2026.
13 Oct 2026 · Exchange Update
Maithan Alloys: Company Acquires 0.07% Stake In HFCL Limited For ₹29.72 Crore; Transaction Finalized On October 8, 2026 With No Related Party Deals
09 Oct 2026 · Exchange Update
Maithan Alloys: Company Acquires 0.03% Stake In HFCL Limited For ₹10.44 Crore; Acquisition Finished On October 6, 2026; No Related Party Transactions Occurred.
07 Oct 2026 · Exchange Update

Frequently Asked Questions about Maithan Alloys Ltd.

Maithan Alloys is an active public limited company based in Kolkata, West Bengal, India. The company works in wind energy solutions, within the environment industry. It was incorporated on 19 September 1985 (41+ years old) and is registered under CIN L27101WB1985PLC039503. Listed on BSE: 590078 and NSE: MAITHANALL.

Maithan Alloys reported revenue of ₹2,172.59 Cr for FY 2025-26 (up 20.3% YoY) based on consolidated financials.

Maithan Alloys has 7 current directors:

The GSTIN of Maithan Alloys is 19AABCM7758B1ZD, registered in West Bengal. The company has 10 GST registrations in all, of which 5 are active and 5 are cancelled or inactive. Other active GSTINs include 19AABCM7758B2ZC (West Bengal), 17AABCM7758B1ZH (Meghalaya), 37AABCM7758B1ZF (Andhra Pradesh).

The CIN (Corporate Identification Number) of Maithan Alloys is L27101WB1985PLC039503. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Maithan Alloys is listed on both BSE (code: 590078) and NSE (symbol: MAITHANALL).

Maithan Alloys has 132 court cases on record: 76 filed by the company and 31 filed against it. 45 are pending. Most are in the high courts.

Maithan Alloys was incorporated on 19 September 1985, making it 41+ years old. It is registered with the Registrar of Companies, Kolkata.

Maithan Alloys has 11 deals on record (11 market trades); the latest was in January 2026.

The peers of Maithan Alloys by revenue are SKH Sheet Metals Components Private Limited, Altim Metals Private Limited, Century Metal Recycling Limited, Indian Metals and Ferro Alloys Ltd, Sree Metaliks Ltd. and 5 more, all in the Metals and Minerals industry (Metals).

Nand Kishore Agarwal ceased to be Director on 21 Sep 2024. Aayush Khetawat was appointed as Director on 14 Aug 2024. Naresh Kumar Jain was appointed as Director on 10 Feb 2024. Maithan Alloys has 35 board changes on record in total.

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