7,220 Per cent Multibagger Returns: This Small-Cap Metal Stock Rallied and Hit Upper Circuit – Here's Why!
The company’s shares have delivered a multibagger return of over 300 per cent to its shareholders in just 2 years.
Incorporated in 2003, Maan Aluminium Ltd is engaged in the manufacturing and trading of aluminum products, including aluminum profiles, anodizing and fabrication of profiles, aluminum ingots, and aluminum billets. The company’s shares rallied and hit the upper circuit today and here is the reason behind this price rally.
The U.S. Department of Commerce has announced affirmative final determinations in the anti-dumping (AD) investigations concerning aluminum extrusions from several countries, including China, Colombia, Ecuador, India, Indonesia, Italy, Malaysia, Mexico, South Korea, Taiwan, Thailand, Türkiye, the UAE, and Vietnam.
Additionally, countervailing duty (CVD) investigations were concluded for aluminum extrusions from China, Indonesia, Mexico, and Türkiye.
Furthermore, Maan Aluminium Ltd is the only one from India awarded a "ZERO" rate of anti-dumping duty for aluminum extrusion exports to the U.S.
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At the start of the day's trading session, shares of Maan Aluminium Ltd opened at Rs 146.10 per share, compared to the previous day's closing figure of Rs 142.75 per share on the BSE. Finally, the shares closed at Rs 171.30 per share. The stock has rallied 20 per cent today and hit the upper circuit, reflecting strong demand in the market. The company's current market capitalization stands at Rs 926.47 crore. Additionally, the company’s shares have delivered an impressive multibagger return of around 100 per cent in just 1 year and a 7,220 per cent return in the past decade.
As per the Quarterly Results, in the Q1 FY25, Maan Aluminium Ltd recorded a revenue of Rs 176.78 crore compared to Rs 207.36 crore. The operating profit stood at Rs 4.96 crore. The net profit stood at Rs 3.39 crore compared to a profit of Rs 10.15 crore. Looking at the annual performance, the company generated a revenue of Rs 953 crore in FY24. The operating profit for FY24 was Rs 45 crore with a net profit of Rs 33 crore compared to a net profit of Rs 50 crore in FY23 representing a de-growth on a YoY basis.
According to the company's shareholding pattern, the promoters hold a significant 58.87 per cent stake. Public investors own 0.33 per cent of the shares, while Foreign Institutional Investors (FIIs) hold 0.27 per cent.
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Investors must keep this Small-Cap company on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.