Maithan Alloys Ltd.

BSE: 590078 NSE: MAITHANALL
Maithan Alloys Ltd. - environment in Kolkata, West Bengal, India. FY 2026 financials and 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
Revenue · FY 2026
₹2,172.59 Cr
▲ 20.32% YoY
Computed EBITDA · FY 2026
₹671.19 Cr
▼ 25.2% YoY
Net profit · FY 2026
₹440.94 Cr
▼ 30.11% YoY
Authorised capital
₹167.69 Cr
Registered with MCA
Paid-up capital
₹29.11 Cr
Issued & subscribed
Open charges
₹1,186.4 Cr
Satisfied ₹2,038.54 Cr
Company age
41 yrs
Est. 1985
Employees · EPFO
944
Latest available

About Maithan Alloys Ltd.

Data last updated: 05 January 2026

Maithan Alloys Ltd. is a public limited company based in Kolkata, West Bengal, India. It specialises in wind energy solutions, a part of the broader environmental services sector. Incorporated on 19 September 1985, the company has been in operation for over 41 years.

Registered with ROC Kolkata under CIN L99999WB1985PLC039503. Listed on BSE: 590078 and NSE: MAITHANALL.

Capital: an authorised share capital of ₹167.69 Cr and a paid-up capital of ₹29.11 Cr. Formerly known as Maithan Steel and Casting Limited. It is led by directors including Subhas Chandra Agarwalla and Subodh Agarwalla.

Last AGM: 27 September 2025. Financial statements filed for year ended 31 March 2025. Office: 4Th Floor 9 A J C Bose Road, Kolkata, West Bengal, India – 700017.

As per NSE-filed consolidated financials for FY 2026, the company reported a revenue of ₹2,172.59 Cr, a growth of 20.32% compared to the previous year. The net worth stands at ₹4,158.46 Cr (up 10.74% YoY). Total assets are valued at ₹4,893.65 Cr (up 0.92% YoY).

The company has a workforce of approximately 944 employees as per the latest available data.

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.

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
Key People
Subhas Chandra Agarwalla Managing Director Subodh Agarwalla Whole-Time Director Sudhanshu Agarwalla Cfo
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    Locked
  • Social Media
  • Registered Address
    4Th Floor 9 A J C Bose Road, Kolkata, West Bengal, India – 700017
  • Industry
    Environment, Wind Energy Solutions
Company report
Maithan Alloys Ltd. - full intelligence report
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Financials, compliance, directors, charges, ownership and filings for Maithan Alloys Ltd. in one report.

10-year financials Directors & ownership Charges & compliance

CIN History of Maithan Alloys Ltd.

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

CIN Status
L27101WB1985PLC039503 Current
L99999WB1985PLC039503 Previous

Associated Brands with Maithan Alloys Ltd.

Maithan Alloys Ltd. operates one associated brand: Maithan Alloys. These brands represent Maithan Alloys Ltd.'s diversified market presence and brand portfolio.

Brand Description Website
Maithan Alloys
Ferro silicon manganese alloys are manufactured and exported globally. maithanalloys.com

Business Activity of Maithan Alloys Ltd.

Maithan Alloys Ltd. is engaged in principal business activities including manufacturing and trade, with detailed activities including metal and metal products, wholesale trading. The company has 2 registered principal business activity segments, demonstrating its operational diversity and market reach.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
C Manufacturing C7 Metal and metal products Locked
G Trade G1 Wholesale Trading Locked
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Business activity turnover details for Maithan Alloys Ltd.

Turnover contribution percentages and historical activity changes require an active report plan.

  • Turnover contribution
  • Historical classifications
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Auditor Details of Maithan Alloys Ltd.

Maithan Alloys Ltd. is audited by Singhi & Co. (ICAI peer reviewed, certificate valid till 2028-08-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.

Name Financial year Audit opinion
Singhi & Co. (ICAI peer reviewed, certificate valid till 2028-08-31) FY 2026 Declaration of unmodified opinion

Board of Directors and KMP of Maithan Alloys Ltd.

Maithan Alloys Ltd. currently reports 8 directors and 1 key managerial person. 13 former directors have served the organization.

Current Directors and KMP
Name Designation Appointment Date Tenure Status
Subhas Chandra Agarwalla
Also directs: Maithan Fresh Private Limited, Maithan Nutrition Private Limited, Super Bright Textiles & Fiance Pvt. Ltd. and 5 more
Managing Director 15 Apr 1992 34 Years 2 Months Current
Subodh Agarwalla
Also directs: Maithan Fresh Private Limited, Maithan Nutrition Private Limited, Impex Metal & Ferro Alloys Ltd and 5 more
Whole-Time Director 01 Jul 2006 20 Years 0 Months Current
Palghat Venkatramani
Also directs: Impex Metal & Ferro Alloys Ltd, Maithan Ferrous Private Limited, Ramagiri Renewable Energy Limited
Director 29 Jun 2012 14 Years 0 Months Current
Vivek Kaul
Also directs: Aditya Varna Pvt Ltd, Fairfields Private Limited
Director 20 Aug 2019 6 Years 10 Months Current
Srinivas Peddi
Also directs: Impex Metal & Ferro Alloys Ltd, Goldtree Impex Private Limited
Director 24 Jun 2021 5 Years 0 Months Current
Sudhanshu Agarwalla
Also directs: Super Bright Textiles & Fiance Pvt. Ltd., Maithan Electronics Private Limited, Cbx Business Network Private Limited and 5 more
Cfo 10 Nov 2016 9 Years 8 Months Current
Showing 6 of 9 current directors and KMP. View all directors and KMP

Financials of Maithan Alloys Ltd. FY 2026 filings available

Maithan Alloys Ltd. reported revenue of ₹2,172.59 Cr (up 20.32% YoY) for FY 2026.

Revenue · FY 2026
₹2,172.59 Cr ▲ 20.32%
Profit · FY 2026
₹440.94 Cr ▼ 30.11%
Computed EBITDA · FY 2026
₹671.19 Cr ▼ 25.2%
Revenue₹ Cr · Consolidated01,0002,0003,000FY 2020: ₹1,831 Cr1,831FY 2020FY 2021: ₹1,620 Cr · -11.5% YoY1,620-11.5%FY 2021FY 2022: ₹2,992 Cr · +84.7% YoY2,992+84.7%FY 2022FY 2023: ₹2,885 Cr · -3.6% YoY2,885-3.6%FY 2023FY 2024: ₹1,729 Cr · -40.1% YoY1,729-40.1%FY 2024FY 2025: ₹1,806 Cr · +4.5% YoY1,806+4.5%FY 2025FY 2026: ₹2,173 Cr · +20.3% YoY2,173+20.3%FY 2026
Net Profit₹ Cr · Consolidated05001,000FY 2020: ₹222 Cr222FY 2020FY 2021: ₹230 Cr · +3.6% YoY230+3.6%FY 2021FY 2022: ₹818 Cr · +255.6% YoY818+255.6%FY 2022FY 2023: ₹499 Cr · -39% YoY499-39%FY 2023FY 2024: ₹349 Cr · -30.1% YoY349-30.1%FY 2024FY 2025: ₹631 Cr · +80.8% YoY631+80.8%FY 2025FY 2026: ₹441 Cr · -30.1% YoY441-30.1%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year0250500750Q1'25: ₹375 Cr · -7.1% YoY375-7.1%Q1'25Q2'25: ₹464 Cr · +4.6% YoY464+4.6%Q2'25Q3'25: ₹531 Cr · +18.5% YoY531+18.5%Q3'25Q4'25: ₹435 Cr · +0.5% YoY435+0.5%Q4'25Q1'26: ₹632 Cr · +68.6% YoY632+68.6%Q1'26Q2'26: ₹491 Cr · +5.7% YoY491+5.7%Q2'26Q3'26: ₹490 Cr · -7.7% YoY490-7.7%Q3'26Q4'26: ₹559 Cr · +28.5% YoY559+28.5%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹2,172.59 Cr ₹1,805.61 Cr ₹1,728.64 Cr ₹2,884.95 Cr ₹2,992.46 Cr ₹1,619.78 Cr ₹1,830.88 Cr
Other Income ₹411.96 Cr ₹720.84 Cr ₹357.52 Cr ₹174.93 Cr ₹32.11 Cr ₹23.97 Cr ₹66.16 Cr
Total Income ₹2,584.55 Cr ₹2,526.45 Cr ₹2,086.16 Cr ₹3,059.88 Cr ₹3,024.57 Cr ₹1,643.75 Cr ₹1,897.04 Cr
Cost of Materials Consumed ₹1,072.57 Cr ₹869.07 Cr ₹920.26 Cr ₹1,230.26 Cr ₹1,008.61 Cr ₹720.2 Cr ₹921.96 Cr
Purchases of Stock-in-Trade ₹82.23 Cr ₹191.25 Cr ₹61.79 Cr ₹105.57 Cr ₹202.39 Cr ₹123.04 Cr ₹135.98 Cr
Changes in Inventories -₹92.58 Cr -₹52.88 Cr -₹78.62 Cr ₹32.03 Cr -₹60.25 Cr -₹2.53 Cr ₹8.85 Cr
Employee Benefit Expense ₹93.76 Cr ₹38.29 Cr ₹45.08 Cr ₹65.86 Cr ₹84.45 Cr ₹40.69 Cr ₹42.45 Cr
Finance Costs ₹44.1 Cr ₹21.64 Cr ₹1.63 Cr ₹2.24 Cr ₹1.14 Cr ₹1.2 Cr ₹3.71 Cr
Depreciation & Amortisation ₹23.19 Cr ₹23.29 Cr ₹20.78 Cr ₹20.21 Cr ₹16.91 Cr ₹15.62 Cr ₹15.81 Cr
Other Expenses ₹757.38 Cr ₹583.36 Cr ₹665.71 Cr ₹864.99 Cr ₹689.05 Cr ₹446.07 Cr ₹489.02 Cr
Total Expenses ₹1,980.65 Cr ₹1,674.02 Cr ₹1,636.63 Cr ₹2,321.16 Cr ₹1,942.3 Cr ₹1,344.29 Cr ₹1,617.78 Cr
Profit Before Exceptional Items & Tax ₹603.9 Cr ₹852.43 Cr ₹449.53 Cr ₹738.72 Cr ₹1,082.27 Cr ₹299.46 Cr ₹279.26 Cr
Exceptional Items ₹0 ₹0 ₹0 -₹101.92 Cr ₹0 ₹0 ₹0
Profit Before Tax ₹603.9 Cr ₹852.43 Cr ₹449.53 Cr ₹636.8 Cr ₹1,082.27 Cr ₹299.46 Cr ₹279.26 Cr
Total Tax Expense ₹162.96 Cr ₹221.52 Cr ₹100.57 Cr ₹137.81 Cr ₹264.23 Cr ₹69.43 Cr ₹57.24 Cr
Net Profit ₹440.94 Cr ₹630.91 Cr ₹348.96 Cr ₹498.99 Cr ₹818.04 Cr ₹230.03 Cr ₹222.02 Cr
  attributable to Owners ₹433.65 Cr ₹630.18 Cr ₹348.96 Cr ₹499.07 Cr ₹818.06 Cr ₹230.84 Cr ₹222.03 Cr
  attributable to NCI ₹7.29 Cr ₹73 Lakh ₹0 -₹8 Lakh -₹2 Lakh -₹81 Lakh -₹1 Lakh
Other Comprehensive Income ₹15 Lakh ₹20 Lakh ₹6.16 Cr -₹40 Lakh ₹87 Lakh ₹99 Lakh -₹25 Lakh
Total Comprehensive Income ₹441.09 Cr ₹631.11 Cr ₹355.12 Cr ₹498.59 Cr ₹818.91 Cr ₹231.02 Cr ₹221.77 Cr
EBITDA (computed) ₹671.19 Cr ₹897.36 Cr ₹471.94 Cr ₹761.17 Cr ₹1,100.32 Cr ₹316.28 Cr ₹298.78 Cr
Basic EPS ₹148.96 ₹216.47 ₹119.87 ₹171.41 ₹281.00 ₹79.02 ₹76.27
Diluted EPS ₹148.96 ₹216.47 ₹119.87 ₹171.41 ₹281.00 ₹79.02 ₹76.27
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹4,893.65 Cr ₹4,848.94 Cr ₹3,468.08 Cr ₹3,140.06 Cr
Non-current Assets ₹1,562.3 Cr ₹1,482.19 Cr ₹437.72 Cr ₹356.4 Cr
Current Assets ₹3,331.35 Cr ₹3,366.75 Cr ₹3,030.3 Cr ₹2,780.43 Cr
Property, Plant & Equipment ₹287.74 Cr ₹295.62 Cr ₹236.01 Cr ₹250.06 Cr
Inventories ₹1,246.54 Cr ₹1,085.6 Cr ₹349.76 Cr ₹303.64 Cr
Trade Receivables ₹130.46 Cr ₹143.35 Cr ₹387.47 Cr ₹423.2 Cr
Cash & Equivalents ₹58.96 Cr ₹21.8 Cr ₹40.84 Cr ₹89.5 Cr
Equity (Net Worth) ₹4,158.46 Cr ₹3,755.17 Cr ₹3,142.89 Cr ₹2,805.24 Cr
Equity Share Capital ₹29.11 Cr ₹29.11 Cr ₹29.11 Cr ₹29.11 Cr
Borrowings (Non-current) ₹4.12 Cr ₹8.5 Cr ₹13 Cr ₹8 Cr
Borrowings (Current) ₹231.18 Cr ₹576.75 Cr ₹13.9 Cr ₹8.41 Cr
Total Debt (computed) ₹235.3 Cr ₹585.25 Cr ₹26.9 Cr ₹16.41 Cr
Current Liabilities ₹534.18 Cr ₹847.69 Cr ₹251.21 Cr ₹293.34 Cr
Total Liabilities ₹735.19 Cr ₹1,093.77 Cr ₹325.19 Cr ₹334.82 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow -₹9.86 Cr ₹49.77 Cr -₹411.33 Cr ₹968.11 Cr ₹236.59 Cr
Investing Cash Flow ₹481.46 Cr -₹590.96 Cr ₹371.36 Cr -₹961.88 Cr -₹104.68 Cr
Financing Cash Flow -₹434.44 Cr ₹522.15 Cr -₹8.69 Cr -₹5.1 Cr -₹62.1 Cr
Capital Expenditure ₹24.88 Cr ₹30.17 Cr ₹68.97 Cr ₹11.01 Cr ₹100.5 Cr
Free Cash Flow (computed) -₹34.74 Cr ₹19.6 Cr -₹480.3 Cr ₹957.1 Cr ₹136.09 Cr
Dividends Paid ₹38 Cr ₹26.2 Cr ₹17.47 Cr ₹17.47 Cr ₹17.47 Cr
Net Change in Cash ₹37.16 Cr -₹19.04 Cr -₹48.66 Cr ₹1.13 Cr ₹69.81 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹559.18 Cr ₹490.28 Cr ₹490.82 Cr ₹632.31 Cr ₹435.23 Cr ₹531.09 Cr ₹464.22 Cr ₹375.07 Cr ₹433.27 Cr ₹448.06 Cr ₹443.65 Cr ₹403.66 Cr
Other Income -₹158.96 Cr ₹75.52 Cr -₹153.46 Cr ₹648.86 Cr -₹116.42 Cr ₹97.06 Cr ₹179.2 Cr ₹561 Cr ₹174.39 Cr ₹79.16 Cr ₹59.56 Cr ₹44.41 Cr
Total Income ₹400.22 Cr ₹565.8 Cr ₹337.36 Cr ₹1,281.17 Cr ₹318.81 Cr ₹628.15 Cr ₹643.42 Cr ₹936.07 Cr ₹607.66 Cr ₹527.22 Cr ₹503.21 Cr ₹448.07 Cr
Cost of Materials Consumed ₹283.37 Cr ₹265.26 Cr ₹258.72 Cr ₹265.22 Cr ₹241.86 Cr ₹267.64 Cr ₹173.69 Cr ₹185.88 Cr ₹206.53 Cr ₹208.56 Cr ₹241.04 Cr ₹264.13 Cr
Purchases of Stock-in-Trade ₹8.25 Cr ₹18.93 Cr ₹22.59 Cr ₹32.46 Cr ₹38.97 Cr ₹48.16 Cr ₹86.76 Cr ₹17.36 Cr ₹16.22 Cr ₹10.16 Cr ₹11.24 Cr ₹24.17 Cr
Changes in Inventories -₹46.55 Cr -₹69 Cr -₹31.73 Cr ₹54.7 Cr -₹68.06 Cr ₹21.85 Cr -₹43 Lakh -₹6.24 Cr ₹6.15 Cr ₹32.81 Cr -₹20 Cr -₹97.58 Cr
Employee Benefit Expense ₹22.14 Cr ₹34.48 Cr ₹26.16 Cr ₹10.98 Cr -₹3.09 Cr ₹11.03 Cr ₹12.53 Cr ₹17.82 Cr ₹12.14 Cr ₹11.63 Cr ₹10.87 Cr ₹10.44 Cr
Finance Costs ₹14.03 Cr ₹3.66 Cr ₹13.97 Cr ₹12.44 Cr ₹8.12 Cr ₹6.4 Cr ₹5.48 Cr ₹1.64 Cr ₹1.11 Cr ₹22 Lakh ₹13 Lakh ₹17 Lakh
Depreciation & Amortisation ₹5.64 Cr ₹5.75 Cr ₹5.92 Cr ₹5.88 Cr ₹6.3 Cr ₹6.33 Cr ₹5.51 Cr ₹5.15 Cr ₹5.04 Cr ₹5.25 Cr ₹5.29 Cr ₹5.2 Cr
Other Expenses ₹185.66 Cr ₹185.2 Cr ₹182.96 Cr ₹203.56 Cr ₹149.08 Cr ₹153.01 Cr ₹142.43 Cr ₹138.84 Cr ₹185.69 Cr ₹150.12 Cr ₹168.01 Cr ₹161.89 Cr
Total Expenses ₹472.54 Cr ₹444.28 Cr ₹478.59 Cr ₹585.24 Cr ₹373.18 Cr ₹514.42 Cr ₹425.97 Cr ₹360.45 Cr ₹432.88 Cr ₹418.75 Cr ₹416.58 Cr ₹368.42 Cr
Profit Before Exceptional Items & Tax -₹72.32 Cr ₹121.52 Cr -₹141.23 Cr ₹695.93 Cr -₹54.37 Cr ₹113.73 Cr ₹217.45 Cr ₹575.62 Cr ₹174.78 Cr ₹108.47 Cr ₹86.63 Cr ₹79.65 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax -₹72.32 Cr ₹121.52 Cr -₹141.23 Cr ₹695.93 Cr -₹54.37 Cr ₹113.73 Cr ₹217.45 Cr ₹575.62 Cr ₹174.78 Cr ₹108.47 Cr ₹86.63 Cr ₹79.65 Cr
Total Tax Expense -₹1.64 Cr ₹28.78 Cr -₹22.21 Cr ₹158.03 Cr ₹3.79 Cr ₹23.41 Cr ₹74.75 Cr ₹119.57 Cr ₹32.77 Cr ₹23.17 Cr ₹24.62 Cr ₹20.01 Cr
Net Profit -₹70.68 Cr ₹92.74 Cr -₹119.02 Cr ₹537.9 Cr -₹58.16 Cr ₹90.32 Cr ₹142.7 Cr ₹456.05 Cr ₹142.01 Cr ₹85.3 Cr ₹62.01 Cr ₹59.64 Cr
  attributable to Owners -₹70.44 Cr ₹88.9 Cr -₹120.95 Cr ₹536.14 Cr -₹61.02 Cr ₹90.83 Cr ₹143.85 Cr ₹456.52 Cr ₹142.08 Cr ₹85.34 Cr ₹61.94 Cr ₹59.6 Cr
  attributable to NCI -₹24 Lakh ₹3.84 Cr ₹1.93 Cr ₹1.76 Cr ₹2.86 Cr -₹51 Lakh -₹1.15 Cr -₹47 Lakh -₹7 Lakh -₹4 Lakh ₹7 Lakh ₹4 Lakh
Other Comprehensive Income ₹0 ₹5 Lakh ₹5 Lakh ₹5 Lakh ₹10 Lakh ₹3 Lakh ₹3 Lakh ₹4 Lakh ₹2.61 Cr ₹3.15 Cr -₹36 Lakh ₹76 Lakh
Total Comprehensive Income -₹70.68 Cr ₹92.79 Cr -₹118.97 Cr ₹537.95 Cr -₹58.06 Cr ₹90.35 Cr ₹142.73 Cr ₹456.09 Cr ₹144.62 Cr ₹88.45 Cr ₹61.65 Cr ₹60.4 Cr
EBITDA (computed) -₹52.65 Cr ₹130.93 Cr -₹121.34 Cr ₹714.25 Cr -₹39.95 Cr ₹126.46 Cr ₹228.44 Cr ₹582.41 Cr ₹180.93 Cr ₹113.94 Cr ₹92.05 Cr ₹85.02 Cr
Basic EPS ₹-24.21 ₹30.55 ₹-41.55 ₹184.17 ₹-20.96 ₹31.20 ₹49.41 ₹156.82 ₹48.81 ₹29.32 ₹21.30 ₹20.49
Diluted EPS ₹-24.21 ₹30.55 ₹-41.55 ₹184.17 ₹-20.96 ₹31.20 ₹49.41 ₹156.82 ₹48.81 ₹29.32 ₹21.30 ₹20.49
Latest 12 quarters shown of 25 on record.
Segment · Q4 FY26 (latest quarter) Revenue Result (PBIT) Assets Liabilities
Ferro Alloys ₹559.18 Cr ₹98.77 Cr ₹1,196.19 Cr ₹277.36 Cr
Real Estate ₹0 ₹0 ₹714.12 Cr ₹4 Lakh
Unallocated ₹0 ₹0 ₹2,983.34 Cr ₹457.79 Cr
Segment · FY 2026 (annual) Revenue Result (PBIT) Assets Liabilities
Ferro Alloys ₹2,172.59 Cr ₹301.36 Cr - -
Real Estate ₹0 -₹10 Lakh - -
Unallocated ₹0 ₹0 - -
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹2,251.41 Cr ₹1,819.65 Cr ₹1,723 Cr ₹2,907.56 Cr ₹3,057.59 Cr ₹1,619.78 Cr ₹1,830.88 Cr
Other Income ₹445.54 Cr ₹726.62 Cr ₹356.94 Cr ₹180.65 Cr ₹34.79 Cr ₹23.72 Cr ₹65.92 Cr
Total Income ₹2,696.95 Cr ₹2,546.27 Cr ₹2,079.94 Cr ₹3,088.21 Cr ₹3,092.38 Cr ₹1,643.5 Cr ₹1,896.8 Cr
Cost of Materials Consumed ₹803.29 Cr ₹773.2 Cr ₹912.57 Cr ₹1,088.44 Cr ₹966.52 Cr ₹720.2 Cr ₹921.96 Cr
Purchases of Stock-in-Trade ₹682.67 Cr ₹350.93 Cr ₹79.51 Cr ₹482.56 Cr ₹340.7 Cr ₹123.04 Cr ₹135.98 Cr
Changes in Inventories -₹97.7 Cr -₹43.01 Cr -₹86.83 Cr ₹29.43 Cr -₹48.83 Cr -₹2.53 Cr ₹8.85 Cr
Employee Benefit Expense ₹89.51 Cr ₹36.48 Cr ₹44.61 Cr ₹62.62 Cr ₹83.5 Cr ₹40.63 Cr ₹42.34 Cr
Finance Costs ₹40.92 Cr ₹20.91 Cr ₹1.55 Cr ₹2.16 Cr ₹1.14 Cr ₹1.2 Cr ₹3.71 Cr
Depreciation & Amortisation ₹13.66 Cr ₹14.9 Cr ₹15.17 Cr ₹14.51 Cr ₹15.28 Cr ₹15.62 Cr ₹15.81 Cr
Other Expenses ₹606.97 Cr ₹534.39 Cr ₹664.29 Cr ₹743.52 Cr ₹664.09 Cr ₹442.9 Cr ₹489.01 Cr
Total Expenses ₹2,139.32 Cr ₹1,687.8 Cr ₹1,630.87 Cr ₹2,423.24 Cr ₹2,022.4 Cr ₹1,341.06 Cr ₹1,617.66 Cr
Profit Before Exceptional Items & Tax ₹557.63 Cr ₹858.47 Cr ₹449.07 Cr ₹664.97 Cr ₹1,069.98 Cr ₹302.44 Cr ₹279.14 Cr
Exceptional Items ₹0 ₹0 ₹0 -₹101.92 Cr ₹0 ₹0 ₹0
Profit Before Tax ₹557.63 Cr ₹858.47 Cr ₹449.07 Cr ₹563.05 Cr ₹1,069.98 Cr ₹302.44 Cr ₹279.14 Cr
Total Tax Expense ₹129.23 Cr ₹218.24 Cr ₹98.04 Cr ₹136.54 Cr ₹262.29 Cr ₹69.41 Cr ₹57.24 Cr
Net Profit ₹428.4 Cr ₹640.23 Cr ₹351.03 Cr ₹426.51 Cr ₹807.69 Cr ₹233.03 Cr ₹221.9 Cr
Other Comprehensive Income ₹14 Lakh ₹20 Lakh ₹6.11 Cr -₹43 Lakh ₹87 Lakh ₹99 Lakh -₹25 Lakh
Total Comprehensive Income ₹428.54 Cr ₹640.43 Cr ₹357.14 Cr ₹426.08 Cr ₹808.56 Cr ₹234.02 Cr ₹221.65 Cr
EBITDA (computed) ₹612.21 Cr ₹894.28 Cr ₹465.79 Cr ₹681.64 Cr ₹1,086.4 Cr ₹319.26 Cr ₹298.66 Cr
Basic EPS ₹147.16 ₹219.92 ₹120.58 ₹146.51 ₹277.44 ₹80.05 ₹76.22
Diluted EPS ₹147.16 ₹219.92 ₹120.58 ₹146.51 ₹277.44 ₹80.05 ₹76.22
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹4,757.04 Cr ₹4,716.14 Cr ₹3,358.25 Cr ₹3,028.38 Cr
Non-current Assets ₹1,533.9 Cr ₹1,452.84 Cr ₹340.59 Cr ₹275.05 Cr
Current Assets ₹3,223.14 Cr ₹3,263.3 Cr ₹3,017.66 Cr ₹2,753.33 Cr
Property, Plant & Equipment ₹114.38 Cr ₹135.28 Cr ₹144.28 Cr ₹150.62 Cr
Inventories ₹628.99 Cr ₹588.04 Cr ₹339.67 Cr ₹272.44 Cr
Trade Receivables ₹145.45 Cr ₹145.4 Cr ₹387.61 Cr ₹423.27 Cr
Cash & Equivalents ₹41.33 Cr ₹16.36 Cr ₹35.69 Cr ₹72.88 Cr
Equity (Net Worth) ₹4,075.28 Cr ₹3,684.59 Cr ₹3,070.36 Cr ₹2,730.69 Cr
Equity Share Capital ₹29.11 Cr ₹29.11 Cr ₹29.11 Cr ₹29.11 Cr
Borrowings (Non-current) ₹0 ₹0 ₹0 ₹0
Borrowings (Current) ₹228.89 Cr ₹561.86 Cr ₹13.9 Cr ₹8.41 Cr
Total Debt (computed) ₹228.89 Cr ₹561.86 Cr ₹13.9 Cr ₹8.41 Cr
Current Liabilities ₹509.72 Cr ₹802.48 Cr ₹232.15 Cr ₹267.76 Cr
Total Liabilities ₹681.76 Cr ₹1,031.55 Cr ₹287.89 Cr ₹297.69 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow -₹2.79 Cr ₹531.66 Cr -₹392.44 Cr ₹957.82 Cr ₹128.09 Cr
Investing Cash Flow ₹446.81 Cr -₹1,056.1 Cr ₹368.86 Cr -₹956.01 Cr -₹15 Lakh
Financing Cash Flow -₹419.05 Cr ₹505.11 Cr -₹13.61 Cr -₹13.03 Cr -₹62.1 Cr
Capital Expenditure ₹3.56 Cr ₹5.74 Cr ₹10.33 Cr ₹7.18 Cr ₹5.36 Cr
Free Cash Flow (computed) -₹6.35 Cr ₹525.92 Cr -₹402.77 Cr ₹950.64 Cr ₹122.73 Cr
Dividends Paid ₹37.85 Cr ₹26.2 Cr ₹17.47 Cr ₹17.47 Cr ₹17.47 Cr
Net Change in Cash ₹24.97 Cr -₹19.33 Cr -₹37.19 Cr -₹11.22 Cr ₹65.84 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹577.07 Cr ₹518.54 Cr ₹502.08 Cr ₹653.72 Cr ₹438.81 Cr ₹540.02 Cr ₹470.31 Cr ₹370.51 Cr ₹433.18 Cr ₹447.99 Cr ₹442.29 Cr ₹399.54 Cr
Other Income -₹162.13 Cr ₹88.9 Cr -₹141.55 Cr ₹660.32 Cr -₹112.57 Cr ₹97.99 Cr ₹180.17 Cr ₹561.03 Cr ₹171.92 Cr ₹79.27 Cr ₹61.02 Cr ₹44.73 Cr
Total Income ₹414.94 Cr ₹607.44 Cr ₹360.53 Cr ₹1,314.04 Cr ₹326.24 Cr ₹638.01 Cr ₹650.48 Cr ₹931.54 Cr ₹605.1 Cr ₹527.26 Cr ₹503.31 Cr ₹444.27 Cr
Cost of Materials Consumed ₹185.59 Cr ₹194.4 Cr ₹207.64 Cr ₹215.66 Cr ₹198.38 Cr ₹212.04 Cr ₹176.9 Cr ₹185.88 Cr ₹206.53 Cr ₹208.56 Cr ₹241.36 Cr ₹256.12 Cr
Purchases of Stock-in-Trade ₹219.91 Cr ₹188.94 Cr ₹128.16 Cr ₹145.66 Cr ₹130.14 Cr ₹120.62 Cr ₹87.59 Cr ₹12.58 Cr ₹16.15 Cr ₹10.14 Cr ₹9.47 Cr ₹43.75 Cr
Changes in Inventories -₹47.94 Cr -₹72.22 Cr -₹31.96 Cr ₹54.42 Cr -₹70.64 Cr ₹30.48 Cr ₹3.39 Cr -₹6.24 Cr ₹6.13 Cr ₹32.81 Cr -₹20 Cr -₹105.77 Cr
Employee Benefit Expense ₹20.64 Cr ₹33.33 Cr ₹25.34 Cr ₹10.2 Cr -₹3.8 Cr ₹10.48 Cr ₹12.16 Cr ₹17.64 Cr ₹12 Cr ₹11.56 Cr ₹10.87 Cr ₹10.18 Cr
Finance Costs ₹13.31 Cr ₹3.4 Cr ₹12.11 Cr ₹12.1 Cr ₹7.76 Cr ₹6.09 Cr ₹5.8 Cr ₹1.26 Cr ₹1.04 Cr ₹22 Lakh ₹12 Lakh ₹17 Lakh
Depreciation & Amortisation ₹3.25 Cr ₹3.35 Cr ₹3.53 Cr ₹3.53 Cr ₹3.78 Cr ₹3.75 Cr ₹3.72 Cr ₹3.65 Cr ₹3.65 Cr ₹3.88 Cr ₹3.87 Cr ₹3.77 Cr
Other Expenses ₹128.62 Cr ₹144 Cr ₹156.59 Cr ₹177.76 Cr ₹124.21 Cr ₹135.64 Cr ₹136.53 Cr ₹138.01 Cr ₹190.97 Cr ₹149.71 Cr ₹167.65 Cr ₹155.96 Cr
Total Expenses ₹523.38 Cr ₹495.2 Cr ₹501.41 Cr ₹619.33 Cr ₹389.83 Cr ₹519.1 Cr ₹426.09 Cr ₹352.78 Cr ₹436.47 Cr ₹416.88 Cr ₹413.34 Cr ₹364.18 Cr
Profit Before Exceptional Items & Tax -₹108.44 Cr ₹112.24 Cr -₹140.88 Cr ₹694.71 Cr -₹63.59 Cr ₹118.91 Cr ₹224.39 Cr ₹578.76 Cr ₹168.63 Cr ₹110.38 Cr ₹89.97 Cr ₹80.09 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax -₹108.44 Cr ₹112.24 Cr -₹140.88 Cr ₹694.71 Cr -₹63.59 Cr ₹118.91 Cr ₹224.39 Cr ₹578.76 Cr ₹168.63 Cr ₹110.38 Cr ₹89.97 Cr ₹80.09 Cr
Total Tax Expense -₹20.44 Cr ₹25.76 Cr -₹28.81 Cr ₹152.72 Cr ₹2.64 Cr ₹23.71 Cr ₹72.56 Cr ₹119.33 Cr ₹31.07 Cr ₹23 Cr ₹24.38 Cr ₹19.59 Cr
Net Profit -₹88 Cr ₹86.48 Cr -₹112.07 Cr ₹541.99 Cr -₹66.23 Cr ₹95.2 Cr ₹151.83 Cr ₹459.43 Cr ₹137.56 Cr ₹87.38 Cr ₹65.59 Cr ₹60.5 Cr
Other Comprehensive Income -₹1 Lakh ₹5 Lakh ₹5 Lakh ₹5 Lakh ₹13 Lakh ₹3 Lakh ₹2 Lakh ₹2 Lakh ₹2.56 Cr ₹3.15 Cr -₹36 Lakh ₹76 Lakh
Total Comprehensive Income -₹88.01 Cr ₹86.53 Cr -₹112.02 Cr ₹542.04 Cr -₹66.1 Cr ₹95.23 Cr ₹151.85 Cr ₹459.45 Cr ₹140.12 Cr ₹90.53 Cr ₹65.23 Cr ₹61.26 Cr
EBITDA (computed) -₹91.88 Cr ₹118.99 Cr -₹125.24 Cr ₹710.34 Cr -₹52.05 Cr ₹128.75 Cr ₹233.91 Cr ₹583.67 Cr ₹173.32 Cr ₹114.48 Cr ₹93.96 Cr ₹84.03 Cr
Basic EPS ₹-30.24 ₹29.72 ₹-38.50 ₹186.18 ₹-22.75 ₹32.70 ₹52.15 ₹157.82 ₹47.25 ₹30.02 ₹22.53 ₹20.78
Diluted EPS ₹-30.24 ₹29.72 ₹-38.50 ₹186.18 ₹-22.75 ₹32.70 ₹52.15 ₹157.82 ₹47.25 ₹30.02 ₹22.53 ₹20.78
Latest 12 quarters shown of 25 on record.
Segment · Q4 FY26 (latest quarter) Revenue Result (PBIT) Assets Liabilities
Ferro Alloys ₹577.07 Cr ₹78.26 Cr ₹1,022.68 Cr ₹259.49 Cr
Real Estate ₹0 ₹0 ₹227.16 Cr ₹0
Unallocated ₹0 ₹0 ₹3,507.2 Cr ₹422.27 Cr
Segment · FY 2026 (annual) Revenue Result (PBIT) Assets Liabilities
Ferro Alloys ₹2,251.41 Cr ₹230.75 Cr - -
Real Estate ₹0 ₹0 - -
Unallocated ₹0 ₹0 - -
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Board & Governance of Maithan Alloys Ltd.

As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Maithan Alloys Ltd. has 8 directors - 5 independent and 2 executive. The board is chaired by Subhas Chandra Agarwalla.

DirectorPositionOn board sinceListed boards
Subhas Chandra Agarwalla Executive Director · MD · Chairperson 1992-04-15 1
Subodh Agarwalla Executive Director · CEO 2006-07-01 1
Aayush Khetawat Non-Executive - Independent Director 2024-08-14 1
Palghat Krishnan Venkatramani Non-Executive - Independent Director 2016-11-10 1
Vivek Kaul Non-Executive - Independent Director 2020-06-20 1
Naresh Kumar Jain Non-Executive - Independent Director 2024-02-10 1
Sonal Choubey Non-Executive - Independent Director 2024-02-10 1
Peddi Srinivas Non-Executive - Non Independent Director 2021-06-24 1
Board Committees
CommitteeMembers
Audit Committee Aayush Khetawat (Chairperson), Subodh Agarwalla, Palghat Krishnan Venkatramani
Nomination and remuneration committee Naresh Kumar Jain (Chairperson), Palghat Krishnan Venkatramani, Sonal Choubey
Stakeholders Relationship Committee Aayush Khetawat (Chairperson), Subhas Chandra Agarwalla, Sonal Choubey
Risk Management Committee Subhas Chandra Agarwalla (Chairperson), Palghat Krishnan Venkatramani, Pramod Kumar Chaudhary
Corporate Social Responsibility Committee Subhas Chandra Agarwalla (Chairperson), Subodh Agarwalla, Vivek Kaul
Finance Management Committee Subhas Chandra Agarwalla (Chairperson), Subodh Agarwalla, Peddi Srinivas

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₹1,111.40 Cr
Others₹75.00 Cr
Latest charge details
DateLenderAmountStatus
23 May 2025 Others ₹75 Cr Open
02 Feb 2009 State Bank of India ₹555.7 Cr Open
02 Feb 2009 State Bank of India ₹555.7 Cr Open
04 Jul 2018 Hdfc Bank Limited ₹75 Cr Satisfied
21 Jun 2017 Citi Bank N.A. ₹75.56 Cr Satisfied

Total charge records: 33 View all charges

Employees and EPFO Compliance at Maithan Alloys Ltd.

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GST Compliance of Maithan Alloys Ltd.

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

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MSME Payment Delays by Maithan Alloys Ltd.

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Subsidiaries & Group Companies of Maithan Alloys Ltd.

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MCA Filings & Documents of Maithan Alloys Ltd.

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Recent Activity on Maithan Alloys Ltd.

Charges
21 Nov 2025
A charge registered on 07 Sep 2007 via Charge ID 10066687 with Axis Bank Limited was fully satisfied on 21 Nov 2025.
Activity
27 Sep 2025
Maithan Alloys Ltd. last Annual general meeting of members was held on 27 Sep 2025 as per latest MCA records.
Charges
23 May 2025
A charge with Others amounted to Rs. 75.00 Cr with Charge ID 101105376 was registered on 23 May 2025.
Activity
31 Mar 2025
Maithan Alloys Ltd. has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Kolkata.
Directors
14 Aug 2024
Aayush Khetawat was appointed as a Director on 14 Aug 2024 & has been associated with this company since 1 year 11 months.
Directors
10 Feb 2024
Naresh Kumar Jain was appointed as a Director on 10 Feb 2024 & has been associated with this company since 2 years 5 months.

Recent News on Maithan Alloys Ltd.

Maithan Alloys to buy 10 lakh NSE shares at ₹3,240 each
26 Dec 2023 · Thehindubusinessline
Maithon Alloys plans new plant in Bengal
01 May 2018 · The Telegraph

Frequently Asked Questions about Maithan Alloys Ltd.

Maithan Alloys Ltd. is an active public limited company in the environment sector based in Kolkata, West Bengal, India. It was incorporated on 19 September 1985 (41+ years old) and is registered under CIN L27101WB1985PLC039503. Listed on BSE: 590078 and NSE: MAITHANALL. The company has 944 employees.

Maithan Alloys Ltd. reported revenue of ₹2,172.59 Cr for FY 2026 (up 20.32% YoY) based on consolidated NSE filings.

The current directors and KMP of Maithan Alloys Ltd. are:

The primary industry of Maithan Alloys Ltd. is environment. The company specifically operates in wind energy solutions. The company is currently active in this sector.

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

Maithan Alloys Ltd. can be reached at the registered office: 4Th Floor 9 A J C Bose Road, Kolkata, West Bengal, India – 700017, or through the website maithanalloys.com.

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