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MOIL
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Company History
MOIL Limited is the largest producer and seller of of different grades of Manganese Ore by volume in India. The Company produces high, medium and low grade manganese ore. Also, they produce manganese dioxide and chemical grade manganese ore. All their mines are located in Central India, in States of Maharashtra and Madhya Pradesh, benefiting from well developed road and rail infrastructure. They are actively involved in Exploration and Development (E&D) activities with a view to increasing their proved manganese ore reserves.
The Company currently operates seven underground mines, namely Kandri, Munsar, Beldongri, Gumgaon, Chikla, Balaghat and Ukwa mines and three opencast mines, namely Dongri Buzurg, Sitapatore/ Sukli, and Tirodi. They also own two wind farms with a total aggregate capacity of 20 MW in Nagda Hills and Ratedi Hills near Dewas in Madhya Pradesh.
MOIL Ltd was incorporated on June 22, 1962 as a Public Limited Company with the name Manganese Ore (India) Ltd. Pursuant to an agreement between the Government of India and CPMO, the mining leases for manganese ore over the Nagpur, Dongri Buzurg and other areas, consumable stores and other fixed assets were transferred from CPMO to the Company.
In the year 1997, CPMO transferred their entire stake to the Government of India and the company became a 100% Government owned company. Also, the Heavy Media Separation Plant located at the Belapur-Hamesha mine and other consumable stores and spares were transferred from CPMO to the company.
In the year 1991, the Company set up Electrolytic Manganese Dioxide Plant at Dongri Buzurg mine. In the year 1998, they set up High Carbon Ferro Manganese plant with capacity of 10,000 TPA at Balaghat mine. In the year 2001, they set up integrated Manganese Beneficiation Plant at Dongri Buzurg mine.
In the year 2006, the company commissioned wind farm with power generation capacity of 4.8 MW. In the year 2007, they set up integrated Manganese Beneficiation Plant at Balaghat mines with capacity of 0.5 million TPA. In the year 2008, they commissioned second wind farm with power generation capacity of 15.2 MW.
In the year 2008, the company was conferred with Mini-Ratna Category-I status. Also, they incorporated 50:50 joint venture company with SAIL, namely SAIL and MOIL Ferro Alloys Pvt Ltd to manufacture ferro alloys at Bhilai in Chattisgarh. In the year 2009, they also incorporated 50:50 joint venture company with Rashtriya Ispat Nigam Ltd (RINL), namely RINMOIL Ferro Alloys Pvt Ltd to manufacture ferro alloys at Vizag in Andhra Pradesh. In August 17, 2010, the name of the company was changed from Manganese Ore (India) Ltd to MOIL Ltd.
During the year 2010-11, the company came out with Initial Public Offer (IPO) and got listed on National Stock Exchange and Bombay Stock Exchange. IPO was oversubscribed by about 56 times with overwhelming response from retail and institutional investors.
In 2014-15, Ministry of Mines, Government of India has recently notified MOIL for conducting exploration for various minerals all over the country. This opens up opportunities to MOIL to expand its business in this new area.
MOIL has two separate Joint Ventures (50:50) with Steel Authority of India Limited (SAIL) and Rashtriya Ispat Nigam Limited (RINL) for setting up Ferro Alloys Plant.
During 2018-19, Company completed deepening of Holmes (vertical) shaft from 300 mtrs. depth to 435 mtrs. depth with loading station which costed Rs. 26.50 crores in August 2018. In February 2019, it completed sinking of new vertical shaft 160 mtrs. depth including headgear, structure, winding system and other allied works at Chikla Mine which costed Rs. 38.81 crores. In September 2018, it completed deepening of vertical shaft at Kandri Mine from 185 mtrs. to 245 mtrs. and allied works which costed Rs. 17.67 crores.
During 2019-20, Company completed sinking of ventilation shaft at Balaghat mine at capital cost of Rs. 8.50 crore. It completed sinking of ventilation shaft at Balaghat mine at capital cost of Rs. 4.50 crore. In April, 2020 it completed sinking of new vertical shaft, 160 mtrs. depth at Munsar Mine, which costed Rs. 51.32 Crore. In August 2020, it completed sinking of new vertical shaft, 324 mtrs. depth at Ukwa Mine, which costed Rs. 77.15 Crore. It completed shaft sinking & lining upto 200 mtrs. It has carried out 7205 mtrs. exploratory core drilling by departmental drill rig.
In January 2021, it completed sinking of large dia. high speed vercal sha of 330 mtrs. depth at Gumgaon Mine, which costed Rs. 194 Crore. In February 2021, Company completed project on sinking of new vertical shaft 160 Mtrs. depth with winder, headgear and surface/ underground infrastructure at Munsar mine at capital cost of Rs. 51.32 crore. In July 2021, it completed sinking of large dia. high speed vercal of 750 mtrs. depth at Balaghat Mine which costed Rs. 259 Crore.
The Company completed process of winding off of two Joint Ventures Companies (JVCs) namely, SAIL & MOIL Ferro Alloys Pvt. Ltd. and RINMOIL Ferro Alloys Pvt. Ltd. and struck off the names of both JVCs from the ROC during 2021-22. In 2022, MOIL has signed a MoU with Gujarat Mineral Development Corporation Limited (GMDC) to explore possibilities of manganese ore in Pani area of, Gujarat. A tripartite MoU between MOIL, GMDC and Mineral Exploration Corporation Limited (MECL) has also been signed to carry out exploration. During 2021-22, MOIL has carried out exploratory core drilling of 35,728 Mtrs.
MOIL Share Price
MOIL share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
MOIL Market Cap
Market capitalization of MOIL indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how MOIL is valued compared to its competitors.
MOIL PE Ratio
MOIL PE ratio helps investors understand what is the market value of each stock compared to MOIL 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
MOIL PEG Ratio
The PEG ratio of MOIL evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
MOIL ROE (Return on Equity)
Return on Equity (ROE) measures how effectively MOIL generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
MOIL ROCE (Return on Capital Employed)
Return on Capital Employed (ROCE) evaluates the profitability of MOIL in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
MOIL Total Debt
Total debt of MOIL shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
MOIL Debt to Equity Ratio
The Debt-to-Equity (DE) ratio of MOIL compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
MOIL CAGR (Compound Annual Growth Rate)
CAGR shows the consistent growth rate of MOIL over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
MOIL Technical Analysis
Technical analysis of MOIL helps investors get an insight into when they can enter or exit the stock. Key components of MOIL Technical Analysis include:
Support Levels (S1, S2, S3)
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
Resistance Levels (R1, R2, R3)
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where MOIL shares often struggle to rise above due to selling pressure.
MOIL Dividends
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect MOIL ’s financial health and profitability.
MOIL Bonus Shares
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
MOIL Stock Split
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
MOIL Financials
The financials of MOIL provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
MOIL Profit and Loss Statements
The profit and loss statement of MOIL highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of MOIL .
MOIL Balance Sheet
The balance sheet presents a snapshot of MOIL ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
MOIL Cashflow Statements
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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