MOIL
Stock Snapshot
Price Performance
Vista Outlook
View Technicals Analysis →Basis of our Recommendation
Management's recent commentary highlights MOIL's commitment to increasing manganese ore production to 3.5 million tons by 2030, driven by strategic initiatives such as capacity expansions and mechanization. This aligns with Vista's forecast of recovering revenue growth and improving margins, supported by India's rising steel demand under the National Steel Policy. However, execution risks, particularly delays in key projects and upcoming wage revisions, could temper short-term performance. The stable macro environment in India, characterized by strong manufacturing activity and favorable liquidity conditions, further supports MOIL's growth trajectory. Over the next 12-24 months, key opportunities include the successful commissioning of new beneficiation plants and overseas market expansion, while watchpoints include project execution risks and potential cost pressures from wage negotiations. Overall, MOIL's strategic focus on enhancing operational efficiency and securing resource availability positions it well for long-term growth, despite near-term challenges
Why We Like This Stock
- Management's target to increase manganese ore production to 3.5 million tons by 2030 aligns with strong domestic demand
- Strategic initiatives in mechanization and capacity expansion are expected to enhance operational efficiency and market share
- Favorable macroeconomic conditions in India support a robust growth outlook for the mining sector
Things To Watch Out For
- Execution risks related to delays in key projects could hinder short-term production targets
- Upcoming wage revisions may exert cost pressures, impacting margins
- Competitive pricing pressures in the industry could challenge profitability despite growth opportunities
Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 1,447 | 1,582 | 1,473 | 1,404 | 1,524 |
| Profit Before Tax (Cr.) | 378 | 478 | 338 | 336 | 361 |
| PBT Margin | 26.1% | 30.2% | 2294.6% | 23.9% | 23.7% |
| Net Profit (Cr.) | 274 | 354 | 296 | 294 | 316 |
| Earnings Per Share | 13.5 | 17.4 | 14.5 | 14.5 | 15.5 |
Analyst Recommendations
| Broker | Recommendation | Target Price | Date |
|---|---|---|---|
| Mirae Asset | ▲ Buy | 360 | 19-Jun-2026 |
Company Overview
Show Company Profile
MOIL Limited engages in the exploration, development, and marketing of various grades of manganese ores in India and Internationally. It operates through three segments: Mining, Manufacturing, and Power Generation. The company manufactures and sells various grades of manganese ores, such as high-grade ores for the production of ferro manganese; medium grade ores for the production of silico manganese; blast furnace grade ores for producing hot metals; and dioxide for dry battery cells and chemical industries. It also offers electrolytic manganese dioxide and high carbon ferro manganese. In addition, the company operates wind energy farms with an installed capacity of 4.8 MW at Nagda Hills and 15.2 MW at Ratedi Hills in Dewas district of Madhya Pradesh; and solar power plant with an installed capacity of 5MW in Maharashtra and 5.5MW in Madhya Pradesh, as well as 10 mines located in Maharashtra and Madhya Pradesh. The company was formerly known as Manganese Ore (India) Limited. and changed its name to MOIL Limited in 2010. MOIL Limited was founded in 1896 and is based in Nagpur, India.