MOIL Limited presented its Investors’ and Analysts’ Meet materials, detailing strong fiscal performance up to FY 2024-25, including a Total Income of ₹1696.32 Crore. The presentation covered production milestones, the capital structure, and strategic initiatives like beneficiation expansion and overseas market development. The future outlook targets a significant production increase to 3.5 million MT of Mn Ore by 2030, aiming to capture 32% market share.
Operational and Financial Highlights (FY24-25)
The presentation provided a comprehensive review of MOIL’s physical and financial performance leading up to 2025. Key highlights from the annual performance data include:
- Production of Mn Ore reached 1.80 Million Tonnes in FY 2024-25.
- Sales of Mn Ore stood at 1.59 Million Tonnes in FY 2024-25.
- Total Income for FY 2024-25 reached ₹1696.32 Crores, with Profit After Tax at ₹381.64 Crores.
- Earnings Per Share (EPS) for the year was ₹18.76, yielding a Return on Net-worth of 14.99%.
- The company’s EBITDA Margin for FY24-25 was 37.66%.
In the first nine months of FY 2025-26 (9M), Total Revenue was ₹1125.67 Crores, and Profit After Tax stood at ₹174.87 Crores. Quarterly performance (Q3 FY’25-26) showed Profit After Tax at ₹52.93 Cr.
Capital Structure and Market Position
MOIL’s Paid-up Capital is ₹203.48 Cr against an Authorized Capital of ₹300.00 Cr. The shareholding structure shows the Govt. of India holding 53.35%, while Public/Institutions hold 35.31%.
Globally, India accounts for 5% of Country-wise Ore Production in 2024. Domestically, MOIL’s average production in the last five years (1.4 million tonnes) is noted against the domestic average production of 3.1 million tonnes.
Strategic Focus Areas and Initiatives
MOIL outlined several Key Initiatives aimed at improving realization and growth:
- Beneficiation Expansion: Establishing new plants to upgrade low-grade ore.
- Agglomeration (Briquetting): Converting fines and low-grade materials into salable products.
- Overseas Market Development: Exploring international markets for low-grade inventory evacuation.
The company is also focusing on Higher Exploration, increasing exploration meterage significantly to 1,07,530 meters in FY 2024-25, which resulted in an increase in Mn resource base by 16.07 million tonnes.
MOIL @ 2030 Vision
The future outlook is guided by the National Steel Policy, aiming for India’s steel production to reach 300 million MT by 2030, requiring 11 million MT of Mn ore.
MOIL’s specific targets for 2030 include:
- Producing 3.5 million MT of Mn Ore by 2030.
- Increasing MOIL’s market share from 20% to 32% by 2030.
The production target graph shows a projected production of 35.00 Lakh Tonnes by 2029-30, up from 18.03 Lakh Tonnes in 2024-25.
Capital Expenditure and Greenfield Projects
Planned capital expenditure shows a steady increase, projected to reach ₹350 Crore in 2026-27 (E). Most retained profit is directed towards mechanization, modernization, and capacity enhancement.
The company is pursuing Greenfield Projects in:
- GMDC, Gujarat (MoU signed Oct 2019).
- Bhudkum Block, Chhindwara, Selva Block, Balaghat, Madhya Pradesh (JVC formation in process).
- Nilkanthpur block, Balrampur, Chhattisgarh (Drilling commenced June 2024).
Upcoming Shaft Sinking Projects have a total awarded cost of ₹664.12 Crore, with completion targeted between 2029 and 2030 for key shafts at Dongri Buzurg, Kandri, and Chikla Mines.
Shareholder Returns
Over the last 10 years (2015-16 to 2024-25), the company generated an average annual return of ₹338.43 crores on average equity of ₹210.50 crores, equating to an average annual return of approximately ~161%.
Source: BSE
