Maan Aluminium, an India-based manufacturer and trader of aluminium profiles, has reportedly advanced to a year-high in intraday trading, standing above INR 160 (USD 1.79). This peak follows back-to-back gains in the past three days from INR 132.41 (USD 1.48) on November 24 to INR 149.12 (USD 1.67) on November 27. Hence, until the moment, Maan Aluminium has recorded a hike of 21.5 per cent since November 24, delivering an 18 per cent return to shareholders.
The report says the company opened the trading session this morning with a gap of 4.36 per cent, signalling robust buying sentiment in the market. Also, the company’s performance compared to its peers from other metal sectors by leading with a stock price above 4.81 per cent also indicates strength within the non-ferrous metals industry.
The overall market environment has also been supportive of Maan’s performance, with the Sensex trading at 85,928.04 points, which is only 0.15 per cent less than the 52-week high. The index’s position is above 50-day and 200-day moving averages, and so is Maan’s. But here’s where the non-ferrous sector stands out in particular. Maan’s 52-week low was INR 75.51 (USD 0.84), meaning the company’s stock price has simply doubled.
Also read: Maan Aluminium revises valuation to strengthen long-term stability and profitability pressures
What has caused this peak? On a macro level, market capitalisation dynamics, aligning with broader sector trends, have contributed to this gain. On a micro-level, global commodity prices and intense domestic demands have led to this high.
Maan’s recent gains in share prices have also coincided with the company’s September quarter results, which indicate a 13.73 per cent increase in profit to INR 5.80 crore. In the Q3 report, the company has also announced an INR 110 crore (USD 12.3 million) CAPEX plan for value addition capabilities, including powder coating, anodising, and machining facilities.
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Maan Aluminium is currently focusing on high-margin sectors like defence, aerospace, and EV battery components by doubling its extrusion capacity to 24,000 tonnes per annum. Over the next 2 to 3 years, the company aims to achieve 15 to 18 per cent EBITDA margin. In Q3, EBITDA stood at INR 11.30 crore (USD 1.26 million), up by 29.89 per cent Y-o-Y, while EPS (earnings per share) amounted to INR 1.07 – 12.63 per cent higher than during the same period last year. Only revenue recorded an annual drop in Q3 to INR 191.1 crore (USD 21.4 million).
Recently, Maan Aluminium announced plans to accumulate INR 8.319 billion (USD 94 million approx.) through a preferential allotment of 5.9 million equity shares, priced at INR 141 (USD 1.70 approx) per share. The proposal will be discussed for shareholders’ approval at an Extraordinary General Meeting (EGM) scheduled for 29 November 2025.
Overall, the company’s 52-week high above INR 160 (USD 1.79) in intraday indicates strong market sentiment along with Maan’s positive fiscal outlook for itself.
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