On 6 Nov 2026, MOIL was priced at ₹215.71, or 14.9× trailing earnings, against an industry P/E of 11.5×, and the shares are 45% below their 52-week high. Sales and net profit grew 3.2% and 2.2% a year over 3 years, with ROCE of 9.1% and ROE of 11%. Its dividend yield is 3.5%. It is a small-cap company with a market cap of ₹4,389 Cr, ranked 7th of 22 Other Industrial Metals & Mining companies by market cap; the shares fell 40% over the past year.
- ₹215.05
- ₹216.25
- ₹213.00
- ₹218.80
- 3.2 L
Health check
- ReturnsBehind
−39.9% over a year, better than 1 of 7 peers.
- Price tagPricier
P/E 14.9 vs industry 11.5.
- GrowthSlow
Sales +3.2%, profit +2.2% a year over 3 years.
- ProfitabilityWeak
ROCE 9.1% vs peer median 21.3%.
- Balance sheetn/a
Balance sheet figures aren’t reported.
- Red flags2 to check
Quarterly profit down 12.3% on a year ago.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹4,389 Cr
- Small cap
- P/E
- 14.9
- Industry 11.5
- Price to book
- 1.55
- Peers 5.18
- Dividend yield
- 3.49%
- ROE
- 10.7%
- Peers 28.4%
- ROCE
- 9.1%
- Peers 21.3%
- Debt to equity
- n/a
- Debt ₹0.00 Cr
- EPS (TTM)
- ₹14.49
- Face value ₹10
- OPM (TTM)
- 19.2%
- Net margin 19.5%
- Sales growth
- +10.9%
- Latest quarter vs a year ago
- Profit growth
- −12.3%
- Latest quarter vs a year ago
- Price to sales
- 2.90
- EV/EBITDA 6.3
Strengths and risks
Strengths
- Dividend yield of 3.49%.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Quarterly profit down 12.3% on a year ago.
- 45% below its 52-week high.
About MOIL
MOIL Limited engages in the exploration, exploitation, 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;…
- Headquarters
- Nagpur
- Employees
- 5,020
- Sector
- Basic Materials
- ISIN
- INE490G01020
- Website
- moil.nic.in
Price range
- Avg volume (3M)
- 6.8 L
- 1-year return
- minus 39.9%
- From 52-week high
- minus 44.6%
Peers · Other Industrial Metals & Mining
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| HINDZINCHindustan Zinc | 568.10 | minus 0.46% | 2,40,040 | 11.5 | 10.6 | 62.0% | 53.4% | 0.22 | 5.6% | plus 20.6% |
| VEDLVedanta | 261.75 | minus 0.78% | 1,02,208 | 9.2 | 4.0 | 21.3% | 28.7% | 1.34 | −19.2% | minus 48.1% |
| CMPDICentral Mine Planning & Design Institute | 177.28 | minus 3.82% | 12,653 | 18.8 | 14.4 | 34.6% | 34.2% | 0.00 | 18.7% | plus 15.1% |
| VOGLVedanta Oil and Gas | 30.74 | minus 2.26% | 12,001 | 18.0 | – | 4.1% | 7.3% | 0.15 | 161.8% | minus 14.8% |
| JAINRECJain Resource Recycling | 286.50 | plus 2.23% | 9,887 | 27.8 | 19.4 | 35.5% | 4.5% | 0.82 | 45.4% | minus 25.7% |
| IMFAIndian Metals & Ferro Alloys | 1,106.50 | minus 2.22% | 5,970 | 10.4 | 10.2 | 18.5% | 23.8% | 0.35 | 1.9% | minus 8.0% |
| MOILMOIL | 215.71 | minus 1.41% | 4,389 | 14.9 | 8.7 | – | 20.0% | – | 3.2% | minus 39.9% |
| ASHAPURMINAshapura Minechem | 416.30 | minus 3.90% | 3,977 | 9.8 | 9.1 | 20.1% | 7.6% | 0.88 | 42.4% | minus 34.9% |
| Median of 7 peers | – | −2.22% | 12,001 | 11.5 | 10.4 | 21.3% | 23.8% | 0.35 | 18.7% | −14.8% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 333 | 360 | 444 | 371 | 369 | |
| 273 | 307 | 354 | 280 | 308 | |
| 59.5 | 53 | 91 | 91.4 | 61.2 | |
| 17.9% | 14.7% | 20.5% | 24.6% | 16.6% | |
| 30.3 | 16.9 | 23.4 | 20.3 | 15.9 | |
| 89.8 | 69.9 | 114 | 112 | 77.1 | |
| 21.5% | 24.3% | 19.0% | 21.5% | 19.9% | |
| 70.4 | 52.9 | 92.6 | 87.6 | 61.8 | |
| 3.46 | 2.60 | 4.55 | 4.31 | 3.04 |
Profit & loss
- Sales CAGR 3Y
- +3.2%
- Profit CAGR 3Y
- +2.2%
- EPS CAGR 3Y
- +2.2%
- ROE
- 10.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,335 | 1,443 | 1,579 | 1,466 | |
| – | +8.1% | +9.5% | minus 7.1% | |
| 957 | 1,003 | 1,038 | 1,047 | |
| 378 | 440 | 541 | 419 | |
| 28.3% | 30.5% | 34.3% | 28.6% | |
| 61.9 | 83.2 | 88.8 | 83.5 | |
| 114 | 144 | 152 | 170 | |
| 8.8 | 8.1 | 8.7 | 5 | |
| 334 | 387 | 487 | 338 | |
| 25.1% | 24.2% | 21.6% | 20.8% | |
| 251 | 293 | 382 | 267 | |
| – | +17.1% | +30.1% | minus 29.9% | |
| 12.31 | 14.42 | 18.76 | 13.14 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 203 | 203 | 203 | 203 | |
| 2,041 | 2,250 | 2,434 | 2,506 | |
| 447 | 436 | 573 | 496 | |
| 2,692 | 2,889 | 3,211 | 3,206 | |
| 1,098 | 1,223 | 1,388 | 1,552 | |
| 285 | 357 | 465 | 571 | |
| 41.1 | 22.3 | 47.5 | 58.3 | |
| 891 | 841 | 905 | 676 | |
| 376 | 446 | 406 | 348 | |
| 2,692 | 2,889 | 3,211 | 3,206 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 212 | 253 | 434 | 157 | |
| −102 | −141 | −338 | −14 | |
| −122 | −85.2 | −134 | −141 | |
| −11.7 | 26.9 | −37.2 | 2.3 | |
| −245 | −306 | −322 | −326 | |
| −33 | −52.4 | 112 | −169 | |
| −122 | −85.3 | −134 | −141 |
Shareholding pattern
- Promoters64.68%
- Public35.32%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 64.68% | 35.32% | 0.00 | |
| 30 Jun 2026 | 64.68% | 35.32% | 0.00 | |
| 31 Mar 2026 | 64.68% | 35.32% | 0.00 | |
| 31 Dec 2025 | 64.68% | 35.32% | 0.00 | |
| 30 Sep 2025 | 64.68% | 35.32% | – |
Major shareholders
Filings & events
News
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