MOIL Analysis (March 2026) | Price Target, Growth & Valuation

MOIL

BSE:533286

Rp 288,85

Rp0,00 (0,00%)

288,85 Rp

Rp0,00 (0,00%)

End-of-day quote: 03/27/2026

MOIL Stock Value

Analysts currently rate MOIL as Outperform.

Outperform

MOIL Company Info

EPS Growth 5Y

13,87%

Market Cap

Rp58,78 B

Long-Term Debt

Rp0,00 B

Annual earnings

04/30/2026 (E)

Dividend

Rp6,93

Dividend Yield

2,40%

Founded

1896

Industry

Energy

Country

India

Website

MOIL

ISIN Number

INE490G01020

Website

http://www.moil.nic.in

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Rp384,00

32.94%

Last Update: 03/26/2026

Analysts: 3

Highest Price Target Rp392,00

Average Price Target Rp384,00

Lowest Price Target Rp360,00

In the last five quarters, MOIL’s Price Target has fallen from Rp516,14 to Rp403,00 - a -21,92% decrease. Three analysts predict that MOIL’s share price will increase in the coming year, reaching Rp384,00. This would represent an increase of 32,94%.

Top growth stocks in the energy sector (5Y.)

What does MOIL do?

MOIL Limited engages in the exploration, development, and marketing of various grades of manganese ores in India. Business Segment The company operates through three segments: Mining, Manufacturing, and Power Generation. Mining Operations The Mining segment engages in the extraction of manganese ore, which is essential for steel production. The company operates several mines located primarily in the states of Maharashtra and Madhya Pradesh. Additionally, the company employs both open-cast an...

MOIL Limited engages in the exploration, development, and marketing of various grades of manganese ores in India.

Business Segment

The company operates through three segments: Mining, Manufacturing, and Power Generation.

Mining Operations

The Mining segment engages in the extraction of manganese ore, which is essential for steel production. The company operates several mines located primarily in the states of Maharashtra and Madhya Pradesh. Additionally, the company employs both open-cast and underground mining techniques to ensure efficient resource recovery while minimizing environmental impact. The mining operations are characterized by a commitment to sustainable practices, including waste management and adherence to environmental regulations. By utilizing advanced technologies and skilled labor, the company aims to optimize production processes and maintain high operational standards.

Production of Value-added Products

The Manufacturing segment engages in the production of various value-added products derived from manganese ore. This includes Electrolytic Manganese Dioxide (EMD) and High Carbon Ferro Manganese Alloy, both of which are critical in industries such as steelmaking and battery production. The company focuses on enhancing its product offerings to cater to diverse industrial needs, thereby expanding its market reach and ensuring financial sustainability. By investing in advanced manufacturing techniques, the company strives to maintain quality and meet the evolving demands of its customers.

Power Generation

The Power Generation segment engages in the operation of renewable energy facilities, including wind and solar farms. The company has installed wind energy farms with a capacity of 4.8 MW at Nagda Hills and 15.2 MW at Ratedi Hills, as well as solar farms with a total capacity of 10.5 MW across Maharashtra and Madhya Pradesh. This segment not only contributes to the company’s energy needs but also aligns with its commitment to sustainability and reducing its carbon footprint. By diversifying its energy sources, the company enhances its operational resilience and supports its overall business strategy.

Business Strategy

The company has developed a comprehensive business strategy focused on operational excellence, sustainability, and innovation to secure its leadership position in the mining sector. Additionally, the company emphasizes enhancing operational efficiency through continuous improvement initiatives and the adoption of innovative technologies. This includes integrating advanced resource management systems to optimize production processes and minimize waste generation. Moreover, the company prioritizes sustainability and environmental responsibility by adopting waste management protocols and conducting environmental assessments. Continuous investment in research and development is pivotal to the company’s strategy, allowing it to explore alternative mining methodologies and enhance its product portfolio. Additionally, the company aims to diversify its product lines to reduce dependency on traditional products while seeking to expand its market presence through strategic partnerships and collaborations.

Products and Services

The company offers a diverse array of products primarily centered around manganese and its applications in various industries. Key products include manganese ore, available in various grades to meet the specifications of steel manufacturers. Additionally, the company also produces Electrolytic Manganese Dioxide (EMD), which is widely used in battery manufacturing, particularly for alkaline batteries, supporting the growing demand for renewable energy solutions. Furthermore, the company manufactures High Carbon Ferro Manganese Alloy, essential for enhancing the hardness and strength of steel products. Electrolytic Manganese Metal (EMM), another value-added product, is critical for high-tech applications such as electric vehicle batteries and aluminum production. By maintaining a diverse product portfolio, the company positions itself as a comprehensive solution provider in the mining and minerals industry.

The company provides specialized services that leverage its expertise in the mining sector. The company offers geotechnical studies and consultation services, focusing on rock mechanics and geological assessments. These services are supported by in-house laboratories equipped with advanced technology, enabling the company to deliver high-quality consultancy to its clients. By providing these specialized services, the company not only enhances its value proposition but also fosters long-term relationships with clients across various sectors, ensuring a comprehensive approach to meeting their mineral and mining-related needs.

Geographical Markets Served

The company primarily serves the Indian market, with its operations concentrated in the states of Maharashtra and Madhya Pradesh. Additionally, the company possesses several manganese mines in these regions, ensuring it can effectively cater to regional industrial requirements. Additionally, the company is exploring opportunities in international markets for raw materials, aligning with its strategy of market expansion and establishing a robust global presence in the minerals sector.

Seasonality

The company experiences some seasonality in its operations, primarily influenced by climatic conditions that may affect mining activities. The monsoon season can lead to operational downtime due to safety concerns and environmental regulations. As such, the company must plan its production schedules and resource allocation to accommodate seasonal fluctuations, ensuring continuity in operations and the ability to meet market demands efficiently.

Customers

The company serves a diverse range of customers across various sectors critical to the economy. Key customer categories include steel manufacturers, who rely on manganese ore for their production processes, and battery manufacturers, who utilize products like Electrolytic Manganese Dioxide (EMD) and Electrolytic Manganese Metal (EMM) in renewable energy contexts. Additionally, the company products are essential for aluminum producers, further diversifying its customer base. The company also collaborates with research and educational institutions, focusing on advancements in mining technology and applications of manganese, thereby ensuring a wide outreach in diverse sectors within and beyond the mining industry.

Sales and Marketing Channels

The company employs a variety of sales and marketing strategies tailored to maintain its competitiveness in the market. The company engages in direct sales to established industrial clients, ensuring personalized service and support to nurture customer relationships. Additionally, the company collaborates with strategic partners in the steel and battery sectors to expand the reach of its products, enhancing market presence. The company also utilizes digital marketing and sales channels, focusing on e-procurement systems to facilitate efficient transactions. Active participation in industry trade shows and conferences further allows the company to showcase its innovations and products, providing opportunities to connect with potential customers and stakeholders.

Government Regulations

The company adheres to various regulatory requirements related to its mining activities, including the Water (Prevention and Control of Pollution) Act, which mandates that all water discharges meet established standards. Additionally, MOIL implements measures to minimize air pollution in compliance with the Air (Prevention and Control of Pollution) Act. The company also rigorously observes the Environment Protection Act, conducting Environmental Impact Assessments (EIA) for new projects.

History

The company was founded in 1896. It was incorporated in 1962. The company was formerly known as Manganese Ore (India) Limited. and changed its name to MOIL Limited in 2010.

MOIL Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Main industry:** Mining and Metallurgy **Top 3 markets:** 1. India: approx. 70% 2. China: approx. 15% 3. Europe: approx. 10% MOIL Limited is mainly engaged in manganese mining, which accounts for the majority of its revenues. India is the largest market for MOIL, as the company is based t...

At which locations are the company’s products manufactured?

**Production sites of MOIL Limited:** 1. **Madhya Pradesh, India** 2. **Maharashtra, India** MOIL Limited, a leading company in the manganese production sector, operates its main production facilities in the Indian states of Madhya Pradesh and Maharashtra. These regions are known for their rich ma...

What strategy does MOIL pursue for future growth?

**Strategy for Future Growth:** MOIL Limited has focused on increasing manganese production and diversifying its product range. The company plans to expand its production capacity by developing new mines and modernizing existing facilities. This is to be achieved through investments in modern mini...

Which raw materials are imported and from which countries?

**Main Imported Raw Materials:** Nickel, Coke **Countries of Origin:** - **Nickel:** Canada, Russia - **Coke:** Australia, China MOIL Limited is mainly engaged in manganese production. While the company mines manganese itself, it imports other raw materials needed for steel production and other in...

How strong is the company’s competitive advantage?

**Market share in the manganese ore sector:** approximately 50% (estimated, 2025) **Production capacity:** over 1.3 million tons per year (2025) **Financial stability:** Solid balance sheet with minimal debt (2025) MOIL Limited is one of the leading producers of manganese ore in India and holds...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** approximately 12% (2026, estimated) **Insider Buys/Sells:** No significant transactions in the last year (2026, estimated) The institutional investor share in MOIL Limited is estimated to be around 12%. This is relatively typical for companies in the mining indust...

What percentage market share does MOIL have?

**Market share of MOIL Limited:** Estimated at around 10% in the manganese market (2026) **Top competitors and their market share:** 1. **South32 Limited:** 15% 2. **Eramet:** 12% 3. **Assmang Proprietary Limited:** 11% 4. **OM Holdings Limited:** 9% 5. **Vale S.A.:** 8% MOIL Limited is one of the...

Is MOIL stock currently a good investment?

**Revenue Growth:** 8.5% (2025) **Profit Growth:** 10.2% (2025) **Return on Equity:** 12.5% (2025) MOIL Limited recorded a solid revenue growth of 8.5% in 2025. This indicates that the company is able to strengthen its market position and potentially gain market share. The profit growth of 10.2% sh...

Does MOIL pay a dividend – and how reliable is the payout?

**Dividend Yield:** 4.5% (estimated for 2026) MOIL Limited has regularly paid out dividends in the past, indicating a reliable dividend policy. The estimated 4.5% dividend yield for 2026 is based on historical payouts and the company's financial stability. MOIL is known for its strong balance...

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MOIL Stock Value

MOIL Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the energy sector (5Y.)

What does MOIL do?

MOIL Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

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Explore

MOIL Stock Value

MOIL Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the energy sector (5Y.)

What does MOIL do?

MOIL Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.