NSE: MOIL · BSE: 533286 · ISIN INE490G01020
MOIL Limited stock analysis
MOIL Limited ranks #1765 in the TickerSutra evidence-ranked universe with a score of 51/100 and 95% data confidence. The latest captured fundamentals show ROCE of 12.4%, quarterly sales growth of 6.6% and quarterly profit growth of 70.1%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Low debt/equity of 0×
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- CFO/EBITDA is below 0.6×
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹1,433cr | ₹541cr | ₹377cr | 38.0% |
| 2023 | ₹1,339cr | ₹369cr | ₹251cr | 28.0% |
| 2024 | ₹1,447cr | ₹438cr | ₹293cr | 30.0% |
| 2025 | ₹1,582cr | ₹528cr | ₹382cr | 33.0% |
| 2026 | ₹1,470cr | ₹415cr | ₹267cr | 28.0% |
| TTM | ₹1,511cr | ₹472cr | ₹304cr | 31.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
MOIL Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
RoutineGeneral UpdatesNSE · 26 Sept 2026MOIL Limited has informed the Exchange about ESG rating by SES ESG Research Pvt. Ltd
RoutineMoil Ltd - 533286 - Intimation Of ESG Rating By SES ESG Research Pvt. Ltd.BSE · 26 Sept 2026Submission of ESG Rating
RoutineMoil Ltd - 533286 - Announcement under Regulation 30 (LODR)-Change in ManagementNSE · 22 Sept 2026Submission of intimation regarding extension of Additional charge of the Director (Human Resource) to Chairman-cum-Managing Director.
RoutineAnalyst/Investor Meet Para A-XBRLNSE · 21 Sept 2026 · Structured filingMOIL LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet
MOIL LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet
Open original XBRL sourceMANAGEMENT COMMENTARY
Signals from filed documents
Major export destinations for Indian steel included Italy, Vietnam, Belgium, UAE, Spain, Nepal, and Taiwan. The strong export growth was driven by rising international demand, diversification of export markets, competitive pricing, and improved production capacity of Indian steel manufacturers. India's manganese ore production registered a marginal rise of 1.3% from 3.80 million tons (Mt) in FY2024-25 to 3.85 million
Major export destinations for Indian steel included Italy, Vietnam, Belgium, UAE, Spain, Nepal, and Taiwan. The strong export growth was driven by rising international demand, diversification of export markets, competitive pricing, and improved production capacity of Indian steel manufacturers. India's manganese ore production registered a marginal rise of 1.3% from 3.80 million tons (Mt) in FY2024-25 to 3.85 million
Additionally, it is expected that imported manganese ore prices might ease in the near term, which could boost import volumes in the country. In order to meet the requirement of manganese ore in future and maintain market leadership, MOIL has drawn a Strategic Management Plan-2030 (SMP- 2030). As per the revised strategic plan, the Company has planned to enhance its production to 3.50 million tonnes by 2030.
Manganese ore demand outlook is very positive considering huge gap between demand and supply. Higher crude steel production and domestic alloys capacity expansion are the factors driving manganese ore demand. Domestic requirement of manganese ore has increased substantially to meet not only the increased domestic production of steel but also the export of manganese based alloys.
As one of the key raw materials in steelmaking, manganese plays a silent yet critical role in infrastructure and industrial development. Driven by robust export orders and strong demand from domestic steel sector, India's manganese based Ferro alloys sector advanced notably. Good reserves and resource base, enhanced mechanization and increasing focus on beneficiation positions the manganese ore industry for long-term
Threats Being a mining Company, MOIL is subjected to extensive regulations surrounding health and safety of the people and environment. With constant evolution of regulatory standards and community expectations, the Company is exposed to increased compliance cost and unforeseen environmental remedial expenses. Decline in the import price of manganese ore is the biggest threat as it leads to erosion in the profit marg
Decline in the profit is on account of decrease in net sale realisation (NSR) by about 6%. As per the Investment Policy approved by the Board, your Company has deployed surplus funds in fixed deposits and mutual funds. The Company has earned interest income of H61.16 crore (previous year H70.94 crore) on fixed deposit s and profit of H5.13 crore (previous year H9.37 crore) on redemption of mutual funds.
So that you can say waste to wealth. So we are moving in that dir ection and we are confident of having a MOU shortly whereby even these low-grade materials can be sold in the market. But let me tell you, the value of these grades is much less.
(ix) Policy for determining ‘material’ subsidiaries: Not Applicable (x) Foreign Exchange Risk/Commodity price risk and Hedging activities: Not required as MOIL has no exposure to foreign exchange. (xi) Company has not raised any funds through preferential allotment or qualified institutional placement as specified under Regulation 32 (7A). (xii) All the mandatory recommendations of the committees have been accepted d
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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