What we do Maithan Alloys Ltd manufactures and exports bulk ferro alloys including Ferro Manganese, Silico Manganese and Ferro Silicon, with additional operations in wind power and recently real estate. |
Founded in 1,985 |
Market share A leading Indian ferro alloys producer with steadily growing capacities and expanding footprint in ferro alloys and renewable energy. |
Problem solved Provides critical ferro alloy inputs for steel manufacturing while generating renewable energy to reduce power costs and carbon footprint. |
Top clients or who we serve Steel and metallurgical industries globally; also serves real estate and power sectors through subsidiaries; primarily B2B. |
Key management - |
Our journey and innovations Founded in 1985, expanded production capacity steadily since 1997; diversified into wind power and real estate recently; multiple acquisitions and amalgamations. |
Where we operate Manufacturing plants in West Bengal, Meghalaya, Andhra Pradesh; sales both within India and internationally. |
Top products or what we offer Bulk ferro alloys (Ferro Manganese, Silico Manganese, Ferro Silicon), wind power generation, and now real estate development. |
Top brands Maithan Alloys' ferro alloys are key revenue drivers; wind power division and newly established real estate segment expanding portfolio. |
Raw materials needed Manganese ore and quartz primarily for ferro alloys production. |
Raw materials supplier Not specified; likely sourced from Indian and international mining companies. |
Recurring vs cyclical contribution Revenue is largely cyclical tied to steel industry demand; renewable energy adds some recurring income; real estate is non-recurring. |
Our industry position Strong player in Indian ferro alloys with growing renewable energy assets; expanding into real estate diversifies business risk. |
Financial highlights FY 2024-25 revenue ₹1805.6 crore, profit after tax ₹630.2 crore; 22% revenue growth and 82% profit growth over prior year. |
Geographical revenue split Domestic revenue ₹747 crore, international ₹1057.8 crore, indicating strong global sales presence. |
Order book - |
Whats driving growth Growth driven by steady demand in ferro alloys, rising investment in real estate, strategic acquisitions, and renewable energy expansion. |
Our future plans Focus on completion of real estate projects, merger of subsidiaries, and expansion of ferro alloys capacity with efficiency improvements. |
Our green promise Operates wind power plants to reduce carbon footprint and power costs, aligning with sustainability goals. |
Our people and values 454 employees with emphasis on governance, CSR activities, and inclusive corporate culture. |
Key challenges ahead Energy cost volatility, geopolitical risks affecting raw material prices, and managing diversification into real estate sector. |
Interesting facts Has one of the lowest capital cost per MVA in ferro alloys manufacturing; diversified into real estate in 2024-25 fiscal year. |
Risks and strategy Mitigates power cost volatility via captive generation; addresses market cyclicality by diversification; ongoing risk monitoring for geopolitical impacts. |
