1777 Per Cent Returns: Multibagger Green Metal Stock Gains 3.5 per cent on Commercial Production Announcement
The company has announced the commencement of commercial production for its newly installed 30 MN short-stroke back-loading press and complete handling system on 27th December 2024.
Maan Aluminium Limited, a manufacturer of the green metal aluminium, has announced the commencement of commercial production for its newly installed 30 MN short-stroke back-loading press and complete handling system on 27th December 2024.
This development follows the company's earlier updates dated 13th May 2023 and 27th November 2024. The new press is set to significantly enhance Maan Aluminium’s production capabilities, enabling the company to better cater to both Indian and global markets.
Key Benefits of the New Press:
Expanded Product Range: The new extrusion line will enable production of profiles up to 300 mm in width.
Diverse Alloys Capability: The facility can now process all alloy series, ranging from 1xxx to 7xxx.
Increased Production Capacity: Annual capacity has doubled from 12,000 MT to 24,000 MT.
This upgrade reinforces Maan Aluminium’s position as a leading player in the aluminium industry, equipping it to meet rising market demands more effectively.
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About the Company
Maan Aluminium Ltd, established in 2003, is a one-stop shop for aluminium products in India. They manufacture and export extruded aluminium profiles, offering in-house anodizing and fabrication for value-added products. Their product range caters to diverse industries, from construction and automobiles to solar and defence, with custom profiles available upon request. They even export their products to countries like the USA, UK, and Australia.
Maan Aluminium Ltd has a market cap of Rs 740 crore and has delivered good profit growth of 29 per cent CAGR over the last 5 years. The company reported positive numbers in its Quarterly Results (Q2FY25) and annual results (FY24). The shares of the company have an ROE of 23 per cent and an ROCE of 25 per cent.
The stock delivered multibagger returns of 345 per cent in 3 years and 1,777 per cent in the past 5 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.