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Maan Aluminium Plans ₹191.5 Cr CAPEX; Extrusion Capacity Reaches 24,000 TPA
Maan Aluminium is undergoing a significant transformation, increasing its extrusion capacity by 140% to 24,000 TPA following the commissioning of a new Italian press. The company has outlined a ₹191.5 crore CAPEX plan spanning FY25 to FY28 to enhance technical capabilities, including 7-series alloy processing and large-profile manufacturing. Additionally, the acquisition of a sick unit in Dewas for ₹8.75 crores is expected to be commissioned within 6-8 months, focusing on high-value precision tubing. With 60% of manufacturing revenue coming from exports, the company is pivoting towards high-margin sectors like aerospace, defense, and automotive.
Key Highlights
Extrusion capacity increased from 10,000 TPA to 24,000 TPA with the new Italian Press #4 operational since March 2025.
Total projected CAPEX of ₹191.5 crores across FY25-FY28, with ₹51.5 crores specifically allocated for FY26.
Acquired a new facility in Dewas for ₹8.75 crores, targeting commissioning in 6-8 months for high-value precision tubing.
Expanded technical capabilities to include 7-series high-strength aluminium alloys and profiles up to 300mm width.
Exports currently contribute 60% of manufacturing revenue, serving over 300 active customers across 6 countries.
💼 Action for Investors
Investors should monitor the capacity utilization of the new 24,000 TPA line and the timely commissioning of the Dewas unit. The strategic shift toward high-value 7-series alloys for defense and aerospace sectors suggests potential for significant margin expansion.
Maan Aluminium Q3 PAT Declines 11% YoY to ₹2.83 Cr Despite 18% Revenue Growth
Maan Aluminium Limited reported a mixed performance for Q3 FY26, with revenue from operations increasing 18% YoY to ₹181.09 crore. However, net profit for the quarter declined by 11% YoY to ₹2.83 crore, down from ₹3.18 crore in the previous year, as margins were impacted by higher operational and finance costs. For the nine-month period ended December 2025, the company achieved a robust 30.5% growth in revenue to ₹560.19 crore, though net profit remained nearly flat at ₹11.33 crore compared to ₹11.18 crore in the prior year.
Key Highlights
Revenue from operations for Q3 FY26 rose 18% YoY to ₹181.09 crore from ₹153.48 crore.
Net profit for the quarter fell 11% YoY to ₹2.83 crore, with EPS dropping to ₹0.52 from ₹0.58.
Nine-month revenue showed strong growth of 30.5% YoY, reaching ₹560.19 crore.
Finance costs for the nine-month period surged to ₹4.01 crore compared to ₹1.69 crore in the previous year.
Total expenses for Q3 FY26 increased significantly to ₹178.54 crore from ₹149.51 crore YoY.
💼 Action for Investors
Investors should be cautious as the company is struggling to translate strong top-line growth into bottom-line profits due to rising costs. Monitor the management's commentary on margin recovery and debt levels given the sharp rise in finance charges.
Maan Aluminium Q3 FY26 Net Profit Rises 7.8% YoY to ₹3.05 Cr; Revenue Up 18.6%
Maan Aluminium reported a steady year-on-year performance for the quarter ended December 31, 2025, with revenue growing 18.6% to ₹182.09 crore. Net profit for the quarter increased by 7.8% YoY to ₹3.05 crore, although it saw a sequential decline from the previous quarter's ₹4.53 crore. For the nine-month period, the company showed robust top-line growth of 44%, reaching ₹812.09 crore. Investors should note the post-quarter preferential allotment of 5.9 million shares at ₹118 each, intended for capital expenditure and working capital.
Key Highlights
Revenue from operations grew 18.6% YoY to ₹182.09 crore in Q3 FY26.
Net Profit for the quarter stood at ₹3.05 crore, up from ₹2.83 crore in the same period last year.
9M FY26 revenue surged 44% to ₹812.09 crore compared to ₹562.41 crore in 9M FY25.
The company issued 5.9 million shares on a preferential basis at ₹118 per share in January 2026.
Earnings Per Share (EPS) for the quarter improved slightly to ₹0.56 from ₹0.52 YoY.
💼 Action for Investors
The company is showing strong top-line momentum, but margins remain thin; monitor the utilization of funds from the recent preferential allotment for future growth. Existing investors should hold, while new investors may wait for margin improvement.
Maan Aluminium Allots 59 Lakh Equity Shares at Rs 141/Share via Preferential Issue
Maan Aluminium has successfully completed the allotment of 59,00,000 equity shares through a preferential issue, raising approximately Rs 83.19 crores. The shares were issued at a price of Rs 141 each, representing a significant premium over the face value of Rs 5. The allotment involves 39 investors, including key promoters who subscribed to over 16.46 lakh shares. This capital infusion is expected to strengthen the company's financial position and support its growth objectives.
Key Highlights
Allotted 59,00,000 equity shares at an issue price of Rs 141 per share (including Rs 136 premium)
Total fundraise amounts to approximately Rs 83.19 crores through the preferential route
Promoter group, including Ravinder Nath Jain, subscribed to 16,46,500 shares
Non-promoter category saw participation from 35 investors, including funds like Dugar Growth Fund
The issue was conducted in compliance with SEBI (ICDR) Regulations, 2018
💼 Action for Investors
Investors should view the promoter participation and the successful fundraise as a positive sign of internal confidence. Monitor the company's upcoming quarterly results to see how this capital is deployed for operational expansion.
Maan Aluminium Receives Approval for Rs 83.19 Cr Preferential Issue of 59 Lakh Shares
Maan Aluminium Limited has received in-principal approval from both NSE and BSE for the issuance of 59,00,000 equity shares on a preferential basis. The shares, which have a face value of Rs. 5 each, are to be issued at a price not less than Rs. 141 per share. This issuance will involve both promoter and non-promoter categories, indicating a mix of internal and external capital infusion. The total fundraise at the minimum price is approximately Rs 83.19 crore, which is expected to bolster the company's financial position.
Key Highlights
In-principal approval received from NSE and BSE for issuing 59,00,000 equity shares.
Minimum issue price set at Rs. 141 per share, representing a total fundraise of at least Rs 83.19 crore.
Shares to be allotted to both Promoter and Non-Promoter categories.
Face value of the equity shares is Rs. 5 per share.
The approval is subject to fulfilling standard listing and statutory compliance conditions.
💼 Action for Investors
Investors should view the promoter participation at Rs 141 as a sign of confidence in the company's valuation. Monitor the official allotment date and the specific deployment plan for the raised capital to assess long-term growth potential.