AAKASHAYA PATRA EXCLUSIVE STOCK FOR INVESTMENT: 04.10.2020

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                                           MAAN ALUMINIUM
  CMP 72 ENTRY 65 TO 70 STOP LOSS  50 TARGET 100-110 TIME: 12 MONTHS

Incorporated in 1989, New Delhi based Maan Aluminium Limited manufactures and sells aluminum extruded products in India.It offers aluminum profiles; geometrical shapes and architectural hardware; AC grills and diffusers; and other special shapes, tools, dies, and cuts aluminum products. The company serves OEMs and various organizations of the Indian government. It also exports its products to the United States, Europe, and the Middle East. Maan has an annual capacity of 9,000 metric tons under one roof with three hydraulic extrusion presses of 900, 1,200 and 1,450 tons which are  controlled by Microprocessor based technology and programmable logic control (PLC) system. They have a fully integrated plant with a Billet casting and Die manufacturing facility, their in-house foundry has two furnaces with a capacity of 5 and 10 metric tons respectively.

It has an equity capital of just Rs.6.76 crore supported by reserves of around Rs.43.38 crore. The promoters hold 65.32% of the equity capital, which leaves 34.68% stake with the investing public.During Q1FY21, MAL posted 94% higher PAT of Rs.1.61 crore on Q2Q basis on sales of Rs.49.93 crore fetching an EPS of Rs.2.38.

Currently, the stock trades at a P/E of just 10.35x. Its recent high rate is Rs.182 which was formed January 2018. Stock almost corrected 60% from its recent high.

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