Maan Aluminium Limited · NSE:MAANALU
Maan Aluminium — Q2 & H1 FY26 Earnings Presentation
30 slides from Maan Aluminium's earnings presentation, Nov 15, 2025
Slide 1: Regulation 30 disclosure cover letter
14th November, 2025 To, To, Manager Manager Dept. of Corporate Services Dept. of Corporate Services Bombay Stock Exchange Limited The National Stock Exchange of India Limited Phiroze Jeejeebhoy Tower, Exchange Plaza, Dalal Street, Mumbai – 400001 Bandra Kurla Complex, Bandra, Mumbai – 400051 Fax:022
Slide 2: Transforming into a high value-add aluminium convertor
Transforming into a high value-add aluminium convertor Earnings Presentation Q2 & H1FY26 | November 2025 Maan Aluminium Limited NSE: MAANALU | BSE: 532906 | Bloomberg: MALU:IN
Slide 3: Inside
Inside About the Company Q2 & H1FY26 03-19 Earnings Update Maan at a Glance 03 21-24 Milestones & Evolution 04 Q2 & H1FY26 Performance Product Portfolio 05 Highlights 21 Application Spectrum 06 Business Vertical Performance 22 Marquee Clientele 07 P&L Snapshot 23 Manufacturing Prowess 08 Transformat
Slide 4: Maan at a Glance
01/ / ABOUT TH E COM PAN Y MA A N A L U MIN IU M L IMITE D | E ARN I N G S PRE S E N TATI ON 2025 03 Maan at a Glance One of India’s leading manufacturers and XX// Among Indi a’s l arges t XX// 700+ committe d employe e s, XX// Export presenc e in over 6 exporters of aluminium extrusion products, ma
Slide 5: Milestones & Evolution
01/ / ABOUT TH E COM PAN Y MA A N A L U MIN IU M L IMITE D | E ARN I N G S PRE S E N TATI ON 2025 04 Milestones & Evolution Becoming an advanced aluminium extrusion company Value-Addition & Quality Excellence 2021 Commissioned new anodizing line, enhancing surface treatment Manufacturing Journey & C
Slide 6: Product Portfolio
01/ / ABOUT TH E COM PAN Y MA A N A L U MIN IU M L IMITE D | E ARN I N G S PRE S E N TATI ON 2025 05 Product Portfolio Catering to a Product capabilities added wide-spectrum of products with recent expansion Hardware profiles for: 1 2 3 4 5 6 7 8 1 2 3 Aerospace Defence Automotive Products across fo
Slide 7: Application Spectrum
01/ / ABOUT TH E COM PAN Y MA A N A L U MIN IU M L IMITE D | E ARN I N G S PRE S E N TATI ON 2025 06 Application Spectrum Diversified industrial applications across multiple sectors Construction Automobiles Solar Agriculture Architecture Defence Railways Electrical & Electronics Medical Heavy Engine
Slide 8: Marquee Clientele: Across Application Spectrum
01/ / ABOUT TH E COM PAN Y MA A N A L U MIN IU M L IMITE D | E ARN I N G S PRE S E N TATI ON 2025 07 Marquee Clientele: Across Application Spectrum Auto/Mobility/ Lighting/ Defence/Atomic Infra/Realty Others Railways Architectural Research
Slide 9: Manufacturing Prowess (1/2)
01/ / ABOUT TH E COM PAN Y MA A N A L U MIN IU M L IMITE D | E ARN I N G S PRE S E N TATI ON 2025 08 Manufacturing Prowess (1/2) Manufacturing Facilities Fully Integrated Core Manufacturing Infrastructure Primary Capacities 1 Pithampur Unit I Hot Top Billet End-to-End Advanced 2 furnaces: 8MT & Cast
Slide 10: Manufacturing Prowess (2/2)
01/ / ABOUT TH E COM PAN Y MA A N A L U MIN IU M L IMITE D | E ARN I N G S PRE S E N TATI ON 2025 09 Manufacturing Prowess (2/2) State-of-Art Die Shop • Complete Tooling Solutions • CAD-CAM Design Facility - Latest design and drawing capabilities • Advanced CNC Equipment - Wire Cut, CNC Milling, Spa
Slide 11: Transformation CAPEX @ Pithampur Unit I
01/ / A B O UT THE CO MPA N Y MA A N A L U MIN IU M L IMITE D | E ARN I N G S PRE S E N TATI ON 2025 10 Transformation CAPEX @ Pithampur Unit I New Italian Extrusion Line Extrusion Capacity Expansion (in TPA) ₹34 crores ~₹10 crores FY25 24,000 Total Budgeted CAPEX Additional yearly FY24 10,000 opera
Slide 12: Dewas Plant Acquisition
01/ / ABOUT TH E COM PAN Y MA A N A L U MIN IU M L IMITE D | E ARN I N G S PRE S E N TATI ON 2025 11 Dewas Plant Acquisition Strategic Expansion Through Asset Acquisition Transaction Overview Current Status • Location: Dewas Industrial Area-I, A B • Complete plant modernisation & Road, Dewas, Madhya
Slide 13: CAPEX Tracker: Next 3 Years
01/ / ABOUT TH E COM PAN Y MA A N A L U MIN IU M L IMITE D | E ARN I N G S PRE S E N TATI ON 2025 12 CAPEX Tracker: Next 3 Years (In ₹ Crore) CAPEX Category FY25 (A) FY26 (P) FY27 (P) FY28 (P) Total (P) CAPEX Allocation Over Different Units (In %) 1. Existing Pithampur Unit • New Italian Press 34 -
Slide 14: Quality-First Approach
01/ / ABOUT TH E COM PAN Y MA A N A L U MIN IU M L IMITE D | E ARN I N G S PRE S E N TATI ON 2025 13 Quality-First Approach Over 3 decades, Maan Aluminium has INTERNATIONAL QUALITY CERTIFICATIONS become synonymous with quality & reliability in the aluminium extrusion industry. WORLD-CLASS TESTING IN
Slide 15: Competitive Manufacturing Advantages
01/ / ABOUT TH E COM PAN Y MA A N A L U MIN IU M L IMITE D | E ARN I N G S PRE S E N TATI ON 2025 14 Competitive Manufacturing Advantages Complete Technical Integration Expertise Reduced dependencies Significant expansion and enhanced quality potential with existing control setup Unique Advanced Sca
Slide 16: Geographical Footprint
01/ / ABOUT TH E COM PAN Y MA A N A L U MIN IU M L IMITE D | E ARN I N G S PRE S E N TATI ON 2025 15 Geographical Footprint 06 04 K E Y E X P O R T M AR K E T S M ANU F ACT U R I NG F ACI L I T I E S 1. United States of America 4. United Kingdom 1. Unit I – Pithampur, MP 2. United Arab Emirates 5. Q
Slide 17: Board of Directors
01/ / ABOUT TH E COM PAN Y MA A N A L U MIN IU M L IMITE D | E ARN I N G S PRE S E N TATI ON 2025 16 Board of Directors Mr. Ravinder Nath Jain Mr. Ashish Jain Mrs. Priti Jain Mr. Naveen Gupta Chairman & Managing Director Executive Director Promoter Director Director & COO 4 8 + Y E AR S O F E X P E
Slide 18: Senior Leadership
01/ / ABOUT TH E COM PAN Y MA A N A L U MIN IU M L IMITE D | E ARN I N G S PRE S E N TATI ON 2025 17 Senior Leadership 12+ 34+ 33+ <1 1+ 12+ Umesh Chandra Pant Nankishore Holey Neeraj Goel Chief Financial Officer Head Operations Head Commercial 15+ 15+ 15+ <1 1+ 11+ Venus Tiwari Vishesh Kaithwas Poo
Slide 19: Investment Thesis
01/ / ABOUT TH E COM PAN Y MA A N A L U MIN IU M L IMITE D | E ARN I N G S PRE S E N TATI ON 2025 18 Investment Thesis Strategic CAPEX Delivering Upcoming Market Positioning Favourable Market Capability & Capacity Expansion Units for High-Value Dynamics Applications + + + Increas ed capacit y fro m
Slide 20: Awards & Recognition
01/ / ABOUT TH E COM PAN Y MA A N A L U MIN IU M L IMITE D | E ARN I N G S PRE S E N TATI ON 2025 19 Awards & Recognition "Bharat Shiromani Award-2019" "Certificate of Excellence in Awarded as "Top Exporter of Madhya By Lord Swaraj Paul Recognition of Exemplary growth" Pradesh - MSME Category" by Fe
Slide 21: Q2 & H1FY26 Earnings Update
Q2 & H1FY26 Earnings Update
Slide 22: Q2 & H1FY26 Performance Highlights
02/ / Q 2 & H 1FY26 PE RFORM AN CE H I G H L I G H TS MA A N A L U MIN IU M L IMITE D | E ARN I N G S PRE S E N TATI ON 2025 21 Q2 & H1FY26 Performance Highlights Q2FY26 REVENUE EBITDA PAT (In ₹ Crore) (In ₹ Crore) (In ₹ Crore) 211 -7% 22% 20% 205 191 11 6 9 5 YOY GROWTH YOY GROWTH YOY GROWTH 7 3 Q2
Slide 23: Business Vertical Performance
02/ / Q 2 & H 1FY26 PE RFORM AN CE H I G H L I G H TS MA A N A L U MIN IU M L IMITE D | E ARN I N G S PRE S E N TATI ON 2025 22 Business Vertical Performance MANUFACTURING - REVENUE MANUFACTURING - REVENUE (In ₹ Crore) (In ₹ Crore) 151 72 88 22% 132 14% 63 YOY GROWTH YOY GROWTH Q2FY25 Q1FY26 Q2FY26
Slide 24: Q2 & H1FY26 P&L Snapshot
02/ / Q 2 & H 1FY26 PE RFORM AN CE H I G H L I G H TS MA A N A L U MIN IU M L IMITE D | E ARN I N G S PRE S E N TATI ON 2025 23 Q2 & H1FY26 P&L Snapshot (In ₹ Crore & %) PARTICULARS Q2FY25 Q1FY26 Q2FY26 YOY Change QOQ Change H1FY25 H1FY26 YOY Change Revenue from Operations 205 211 191 -7% -10% 382 4
Slide 25: Financial Profile
Financial Profile
Slide 26: Key Performance Indicators
03/ / FI N AN CI AL PROFI L E MA A N A L U MIN IU M L IMITE D | E ARN I N G S PRE S E N TATI ON 2025 25 Key Performance Indicators REVENUE FROM OPERATIONS EBITDA & EBITDA MARGINS PAT & PAT MARGINS (In ₹ Crore) (In ₹ Crore & in %) (In ₹ Crore & in %) 90.00 9% 10% 60 10% 953.03 7% 9% 9% 813.85 80.00 8
Slide 27: 5Y P&L Snapshot
03/ / FI N AN CI AL PROFI L E MA A N A L U MIN IU M L IMITE D | E ARN I N G S PRE S E N TATI ON 2025 26 5Y P&L Snapshot (In ₹ Crore) PARTICULARS FY21 FY22 FY23 FY24 FY25 Revenue from Operations 402.88 572.29 813.85 953.03 810.17 Other Income 2.45 5.25 5.16 7.73 5.33 COGS 364.43 509.19 673.51 871.32
Slide 28: 5Y Balance Sheet Snapshot
03/ / FI N AN CI AL PROFI L E MA A N A L U MIN IU M L IMITE D | E ARN I N G S PRE S E N TATI ON 2025 27 5Y Balance Sheet Snapshot (In ₹ Crore) PARTICULARS FY21 FY22 FY23 FY24 FY25 EQUITY SHARE CAPITAL Equity Share Capital 6.76 13.52 13.52 27.04 27.04 Other Equity 57.30 70.85 116.75 136.04 151.40 NON
Slide 29: 5Y Cash Flow Snapshot
03/ / FI N AN CI AL PROFI L E MA A N A L U MIN IU M L IMITE D | E ARN I N G S PRE S E N TATI ON 2025 28 5Y Cash Flow Snapshot (In ₹ Crore) PARTICULARS FY21 FY22 FY23 FY24 FY25 Cash Flow from Operating Activities (19.49) 15.10 29.02 33.47 0.19 Cash Flow from Investing Activities (12.35) (7.32) (10.17
Slide 30: Get in Touch
Get in Touch This document which has been prepared by Maan Aluminium (“Maan” or “Maan Aluminium” or “the Company”), has been prepared solely for information purposes. This document has been prepared by the Company based on information and data which the Company considers reliable, but the Company ma