Maithan Alloys Limited is a company operating in a niche market. Investors who want to know more about this company can read this article. This company mainly manufactures manganese alloys. Maithan Alloy is a very popular name in its own industry. This company works to export manganese alloys all over the world.
Table of Contents
If you are researching on the internet, the good news is that the company has its own website and is also active on social media. You can communicate with the company in the following ways.
Company Offices – 4th Floor, IDEAL Centre, 9, AJC Bose Road, Kolkata – 700017
Websites – www.maithanalloys.com
Facebook – www.facebook.com/maithanalloyslimited/
LinkedIn – www.linkedin.com/company/maithan-alloys-limited/
CIN Number – L27101WB1985PLC039503
Ph No – +91 (033) 4063-2393
Fax No – +91 (033) 2290-0383
Email: kolkata@maithanalloys.com
Maithan Alloy Share Price
Maithan Alloy Share Price on Feb 2024 is 1041 INR. Below table will tell you average share price of this sock in last 5 years.
| Sr. No | Year | Avg Share Price |
| 1 | 2023 | 917 INR |
| 2 | 2022 | 1344 INR |
| 3 | 2021 | 1039 INR |
| 4 | 2020 | 588 INR |
| 5 | 2019 | 504 INR |
For Feb 2024 you can check some more insights in below table.
| Parameter | Value |
| Market Cap | 3032 Cr |
| Total No Of Shares | 2.91 Cr |
| Promoter Holding | 75% |
| Graham Number | 1535 INR |
Maithan Alloy Latest News
The latest news of Maithan Alloy is that Mr. Subodh Agarwalla (DIN: 00339855) who is the lthole-time Director and CEO of the Company has been re-appointed by the Company. It will be applicable from 1st April 2024.
What Maithan Alloy’s Bussiness Model
Maithan Alloys Limited mainly works on making and selling ferroalloys. These are important raw materials used in making steel.
The main way the company does business is by making ferroalloys, telling people about them, and getting them to place where they’re needed.
These materials are used in industries like steelmaking, foundries, and welding.
The three products of Maithan Alloys are ferromanganese, silicomanganese, and ferrosilicon.
Ferromanganese
It is an alloy made from iron (Fe) and manganese (Mn). A small amount of carbon (C) and silicon (Si) are also mixed while making this alloy. Ferromanganese is an alloy used to make steel. Due to its use, the mechanical properties of the steel are improved. This alloy acts as a deoxidizer, desulfurizer, and alloying element in the steel making process. Due to this, the impurities in the steel are removed.
There are two types of ferromanganese
- High-carbon ferromanganese (HC FeMn)
- Medium-carbon ferromanganese (MC FeMn)
Silicomanganese
To make silicomanganese you need the elements silicon (Si), manganese (Mn), and iron (Fe). This alloy is used in making steel. There it acts as a deoxidizer and alloying agent. The hardness in steel is due to Silicomanganese.
This alloy can be used to make cost effective steel but the process causes environmental pollution. These alloys are classified as follows according to the content of silicon.
- High-Carbon Silicon Manganese (HC-SiMn)
- Medium-Carbon Silicomanganese (MC-SiMn)
- Low-Carbon Silicon Manganese (LC-SiMn)
- Standard Silicomanganese
- High-Silicon Silicon Manganese
- Nitrided Silicomanganese
- Boron-Treated Silicomanganese
Ferrosilicon
Ferrosilicon is made from alloy iron and silicon. usually containing between 15% iron and 90% silicon by weight.
Electric arc furnaces are used to make this alloy. Ferrosilicon is used to make different types of steel.
According to the amount of silicon, it is divided into the following types.
- Low-Carbon Ferrosilicon (LC-FeSi)
- Medium-Carbon Ferrosilicon (MC-FeSi)
- High-Carbon Ferrosilicon (HC-FeSi)
- Nitrided Ferrosilicon
- Boron-Treated Ferrosilicon
- Ultra-Low-Carbon Ferrosilicon
- Who Are The Board Of Members
Maithan Alloys Board of Directors
Board of Directors are the key people who control the company. Some of them are executive directors and some are non-executive directors. Maithan Alloys has a Board of Directors that is very intelligent and capable of taking any decision. Their names are as follows –
- Mr. Subhas Chandra Agarwalla – Chairman and Managing Director
- Mr. Subodh Agarwalla – Chief Executive Officer and Whole Time Director
- Nand Kishore Agarwal – Independent Director
- Ashok Bhandari – Independent Director
- Vivek Kaul – Non-Executive Director
- Palghat Krishnan Venkatramani – Independent Director
- Kalpana Biswas Kundu – Independent Director
- Srinivas Peddi – Non-Executive Director
Executive Team Members
The executive team members of the company are as follows –
- Mr. Subhas Chandra Agarwalla – Chairman and Managing Director
- Mr. Subodh Agarwalla – Chief Executive Officer and Whole Time Director
- Mr. Sudhanshu Agarwalla – President & CFO
Maithan Alloy’s Top Clientle
Since manganese alloys are used in the steel making process, clients of Maithon alloys are steel making companies.
SAIL, Jindal Steel & Power Ltd, Jindal Stainless, Tata Steel Ltd, Usha Martin, Gerdau Steel India Pvt. Ltd, Nucor Corp, Hyundai Steel, Qatar Steel, Techint, Arcelormittal steel, JFE Steel, Emirates Steel Company LLC, China Steel Corporation & POSCO are clients of Maithan alloys.
Technology Which Company Used
A company always has to use cutting edge technology to survive in the competition. Maithan Alloy is also using technology to improve performance.
Maithan Alloys uses Google Workspace for collaboration and communication with clients.
The company also uses modern technology in manufacturing. This includes furnaces, rolling mills, and casting machines.
The company also uses robotics technology to some extent.
The company uses spectrometers and microscopes for quality control
Industry Analysis & Scope Of Future
The global ferroalloys market, which includes various alloys of iron along with other elements, is currently valued at around $33.24 billion in 2024.
Over the next five years, it is projected to reach an estimated value of $42.57 billion by 2029.
This growth represents a compound annual growth rate (CAGR) of 5.2%, indicating a steady and consistent increase in market value over the forecast period.
India is the second-largest producer of ferroalloys in the world, after China. Maithon alloy has an opportunity to grow to $10 billion worldwide in the next 5 years.
Innovation In Maithan Alloy
Maithan Alloy is distinguishing itself from its competitors by adopting advanced Submerged Arc Furnace (SAF) technology, which not only reduces energy consumption but also enhances production efficiency.
As discussed earlier, the company is also integrating advanced robotics into its alloy production process, further emphasizing its commitment to innovation and excellence.
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