Company Profile

MOIL has posted 35% year-on-year (Y-O-Y) jump in manganese ore production to 17.56 lakh tonnes during FY24. It had produced 13.02 lakh tonnes (LT) manganese ore during FY23. The company has recorded best ever production of any financial year since inception at 17.56 lakh tonnes. This is 29% higher than the previous best ever production of 13.64 lakh tonnes in FY08.

On the sales front, the company has achieved its best ever sales of 15.36 lakh tonnes in FY24, registering a remarkable growth of 30% y-o-y. This is 10% higher than the previous best ever sales of 13.92 lakh tonnes in FY08.

The company has also achieved best ever production of Electrolytic Manganese Dioxide (EMD) at 1413 tonnes, higher by 28% y-o-y. EMD is a 100% import substitution product, used mostly for pharmaceuticals and manufacturing of batteries. 

MOIL is the largest iron ore company in India and fifth largest in world. It currently operates seven underground mines (Kandri, Munsar, Beldongri, Gumgaon, Chikla, Balaghat and Ukwa mines) and three opencast mines (Dongri Buzurg, Sitapatore/Sukli, and Tirodi).

MOIL is currently trading at Rs. 318.75, up by 14.10 points or 4.63% from its previous closing of Rs. 304.65 on the BSE.

The scrip opened at Rs. 311.65 and has touched a high and low of Rs. 322.90 and Rs. 311.65 respectively. So far 296247 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 369.15 on 02-Feb-2024 and a 52 week low of Rs. 144.85 on 05-Apr-2023.

Last one week high and low of the scrip stood at Rs. 322.90 and Rs. 276.85 respectively. The current market cap of the company is Rs. 6452.52 crore.

The promoters holding in the company stood at 64.68%, while Institutions and Non-Institutions held 16.01% and 19.30% respectively.

MOIL has posted 35% year-on-year (Y-O-Y) jump in manganese ore production to 17.56 lakh tonnes during FY24. It had produced 13.02 lakh tonnes (LT) manganese ore during FY23. The company has recorded best ever production of any financial year since inception at 17.56 lakh tonnes. This is 29% higher than the previous best ever production of 13.64 lakh tonnes in FY08.

On the sales front, the company has achieved its best ever sales of 15.36 lakh tonnes in FY24, registering a remarkable growth of 30% y-o-y. This is 10% higher than the previous best ever sales of 13.92 lakh tonnes in FY08.

The company has also achieved best ever production of Electrolytic Manganese Dioxide (EMD) at 1413 tonnes, higher by 28% y-o-y. EMD is a 100% import substitution product, used mostly for pharmaceuticals and manufacturing of batteries. 

MOIL is the largest iron ore company in India and fifth largest in world. It currently operates seven underground mines (Kandri, Munsar, Beldongri, Gumgaon, Chikla, Balaghat and Ukwa mines) and three opencast mines (Dongri Buzurg, Sitapatore/Sukli, and Tirodi).

MOIL has fixed/revised prices of different grades of Manganese Ore and other products, effective from April 01, 2024. The prices of all Ferro grades of manganese ore with Manganese content of Mn-44% and above have been increased by 6% on the prevailing prices since March 01, 2024 with effective from midnight of March 31, 2024/April 01, 2024 for the month of April 2024.

The prices of all other Ferro grades of manganese ore with Manganese content below Mn-44% have been increased by 3% on the prevailing prices since March 01, 2024 with effective from midnight of March 31, 2024/April 01, 2024 for the month of April 2024.

The prices of all SMGR (Mn-30% & Mn-25%), Fines and Chemical grades have been increased by 3% on the prevailing prices since March 01, 2024 with effective from midnight of March 31, 2024/April 01, 2024 for the month of April 2024. The basic price of EMD has been increased by Rs 2000 PMT from Rs 205000 PMT to Rs 207000 PMT for the month of April 2024. 

MOIL is the largest iron ore company in India and fifth largest in world. It currently operates seven underground mines (Kandri, Munsar, Beldongri, Gumgaon, Chikla, Balaghat and Ukwa mines) and three opencast mines (Dongri Buzurg, Sitapatore/Sukli, and Tirodi).

MOIL is currently trading at Rs. 293.35, up by 15.10 points or 5.43% from its previous closing of Rs. 278.25 on the BSE.

The scrip opened at Rs. 281.75 and has touched a high and low of Rs. 296.30 and Rs. 281.75 respectively. So far 48721 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 369.15 on 02-Feb-2024 and a 52 week low of Rs. 141.00 on 29-Mar-2023.

Last one week high and low of the scrip stood at Rs. 296.30 and Rs. 276.20 respectively. The current market cap of the company is Rs. 5975.34 crore.

The promoters holding in the company stood at 64.68%, while Institutions and Non-Institutions held 16.01% and 19.30% respectively. 

MOIL has fixed/revised prices of different grades of Manganese Ore and other products, effective from April 01, 2024. The prices of all Ferro grades of manganese ore with Manganese content of Mn-44% and above have been increased by 6% on the prevailing prices since March 01, 2024 with effective from midnight of March 31, 2024/April 01, 2024 for the month of April 2024.

The prices of all other Ferro grades of manganese ore with Manganese content below Mn-44% have been increased by 3% on the prevailing prices since March 01, 2024 with effective from midnight of March 31, 2024/April 01, 2024 for the month of April 2024.

The prices of all SMGR (Mn-30% & Mn-25%), Fines and Chemical grades have been increased by 3% on the prevailing prices since March 01, 2024 with effective from midnight of March 31, 2024/April 01, 2024 for the month of April 2024. The basic price of EMD has been increased by Rs 2000 PMT from Rs 205000 PMT to Rs 207000 PMT for the month of April 2024. 

MOIL is the largest iron ore company in India and fifth largest in world. It currently operates seven underground mines (Kandri, Munsar, Beldongri, Gumgaon, Chikla, Balaghat and Ukwa mines) and three opencast mines (Dongri Buzurg, Sitapatore/Sukli, and Tirodi).

Minerals and mining sector stocks shined on the BSE, as the Indian Bureau of Mines in its latest data has showed that the index of mineral production of the country's mining and quarrying sector rose by 5.9 per cent in January 2024 as compared to the level in January 2023. The cumulative growth for the period April-Jan 2023-24 over the corresponding period of the previous year works out to 8.3 per cent.  

MOIL is currently trading at Rs. 288.00, up by 16.50 points or 6.08% from its previous closing of Rs. 271.50 on the BSE.

Gujarat Mineral Development Corporation is currently trading at Rs. 357.20, up by 13.35 points or 3.88% from its previous closing of Rs. 343.85 on the BSE.

NMDC is currently trading at Rs. 206.25, up by 0.50 points or 0.24% from its previous closing of Rs. 205.75 on the BSE.

The production level of important minerals in January 2024 were: Coal 998 lakh tonne, Lignite 41 lakh tonne, Natural gas (utilised) 3073 million cubic meters, Petroleum (crude) 25 lakh tonne, Bauxite 2426 thousand tonne, Chromite 251 thousand tonne, Copper Concentrate 12.6 thousand tonnes, Gold 134 kg, Iron ore 252 lakh tonne, Lead Concentrate 34 thousand tonnes, Manganese ore 304 thousand tonnes, Zinc concentrate 152 thousand tonne, Limestone 394 lakh tonne, Phosphorite 109 thousand tonne, and Magnesite 13 thousand tonne.   

Important minerals showing positive growth during January 2024 over January 2023 include Magnesite (90.1per cent), Copper Concentrate (34.2 per cent), Coal (10.3 per cent), Limestone (10 per cent), Bauxite (9.8 per cent), Manganese Ore (7.8 per cent), Natural gas (U) (5.5 per cent), Lead Concentrate (5.2 per cent), Iron Ore (4.3 per cent), Lignite (3.6 per cent), Zinc concentrate (1.3 per cent), and Petroleum (crude) (0.7 per cent). Other important minerals showing negative growth include Gold (-23.4 per cent), Chromite (-35.2 per cent) and Phosphorite (-44.4 per cent).