Maithan Alloys ltd.

Introduction
Maithan Alloys Limited is a holding company. The Company is engaged in the
business of manufacturing and exporting of all three bulk Ferro alloys,
including Ferro Silicon, Ferro Manganese and Silico Manganese, and has a
captive power plant. It operates through two segments: Ferro Alloys and Wind
Mill. It is also engaged in the generation and supply of wind power. Ferro
manganese is alloy of manganese and iron, which is used primarily in stainless
steel and flat products. Silico manganese is an alloy of manganese, silicon and
iron, which is used in all steel products, with higher quantities in 200 series
stainless steel, alloy steel and manganese steel. Ferro silicon is an alloy of
silicon and iron, which is used in special steels and in small quantities in mid
steel. Its subsidiaries include Anjaney Minerals Limited and AXL Exploration
Private Limited, which are engaged in export, import, production, processing,
sale, purchase, distribution and dealing in metals and minerals.

Vision
To be India’s premiere Alloy Company that is built on the solid foundation of
shareholder trust, customer commitment, employee satisfaction and sustainable
communities. Consistently delivering on our promises backed by meticulous
hard work is our motto for ensuring success always!
Mission
To be India’s premiere Alloy Company by:
 Promising excellent shareholder value: Generate a high ROCE coupled with
lower-than-market debt ratios
 Nurturing our employees: Encourage employees to work hard and add to
their knowledge base. Ensuring employee growth by creating a secure and
stress-free working environment.
 Utmost commitment to our customers: Irrespective of the market
conditions, we will always strive for the highest product standards that will
in turn ensure complete customer satisfaction.
 Care for our communities: A clean environment, education, housing, health
and sustainability for our communities will always remain our mission.
Values
Commitment: Commitment is a passion for us. We are extremely committed to
serving our shareholders and customers to the best of our abilities. Our promise
to our stakeholders is a hard-ironed commitment and we aim to exhibit this
value in everything that we do.

Loyalty: Loyalty is the very fabric that runs beneath our organization. We
strive to imbibe and exhibit loyalty not only to our stakeholders but also
internally as individuals.

Integrity: We not only believe but also imbibe that ‘honesty is indeed the best
policy’. We strive to do what is right and not what is the easiest. Staying true to
ourselves and our work is what we live by.

Rigour: Rigorous and meticulous attention to detail along with a positive

attitude is how we would describe every work process at our organization.
Rigour with a positivity will lead to guaranteed successes.

Teamwork: We believe in our common goals and stand by each other on the
back of open and honest communication. A strong team is always a winning
team.

Products
 Ferro silicon
 Ferro manganese
 Silicon manganese

Manufacturing plants in India

 Vishakhapatnam
 Kalyaneshwari
 Byrnihat
 Bankura
Financial highlights
 Revenues H1910 crore +35% over FY2016-17
 PAT H292 crore +57% over FY2016-17
 EBITDA margin 20.91 % +61 bps over FY2016-17
 EBITDA H395 crore +39% over FY2016-17
 Cash profit H306 crore +40% over FY2016-17
 PAT margin 15.43 % +220 bps over FY2016-17
 384 Cash in hand including Current Investments, (H crore), 31 March
2018
 136 Cash in hand including Current Investments, (H crore), 31 March
2017
 0.05 Gearing FY2017-18 0.14 Gearing FY2016-17
 98x Interest cover, FY2017-18 29x Interest cover, FY2016-17.