---
title: "Madras Aluminium Co Ltd(Merged) (MALCO) — Share Price, Financials & Analysis"
symbol: "MALCO"
company: "Madras Aluminium Co Ltd(Merged)"
canonical: "https://tapetide.com/stocks/MALCO"
generated_at: "2026-10-13T10:59:28.978Z"
---

# Madras Aluminium Co Ltd(Merged) (MALCO)

Canonical page: https://tapetide.com/stocks/MALCO

## Company

- **Stock Type:** DELISTED
- **Face Value:** ₹2
- **F&O Eligible:** No
- **Website:** malco-india.com

## Latest Price

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 42.4%

### Weaknesses

- The company has delivered a poor sales growth of 1.34% over past five years.
- Debtor days have increased from 74.3 to 110 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 201% | -11% | 4% |
| revenue growth | 65% | 2% | 1% |

## Financial Statements

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Jun 2006 | Mar 2007 9m | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 451 | 404 | 473 | 492 | 469 | 434 | 306 | 505 |
| Expenses | 297 | 250 | 385 | 434 | 275 | 318 | 289 | 378 |
| Operating Profit | 154 | 154 | 88 | 58 | 194 | 116 | 17 | 127 |
| OPM % | 34 | 38 | 19 | 12 | 41 | 27 | 6 | 25 |
| Other Income | -7 | 16 | 10 | 16 | 24 | 34 | 67 | 34 |
| Interest | 5 | 1 | 1 | 3 | 12 | 1 | 4 | 0 |
| Depreciation | 21 | 16 | 22 | 23 | 29 | 30 | 28 | 28 |
| Profit before tax | 121 | 153 | 75 | 47 | 177 | 119 | 51 | 133 |
| Tax % | 31 | 12 | 13 | 3 | 17 | -58 | 13 | 18 |
| Net Profit | 83 | 135 | 65 | 46 | 147 | 188 | 45 | 109 |
| EPS in Rs | — | — | — | 4.08 | 13.03 | 16.67 | 3.96 | 9.72 |
| Dividend Payout % | 22 | 15 | 31 | 44 | 15 | 18 | 63 | 46 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Jun 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 |
| Reserves | 198 | 310 | 352 | 374 | 494 | 642 | 654 | 704 |
| Borrowings | 23 | 22 | 22 | 4 | 1 | 0 | 1 | 0 |
| Other Liabilities | 240 | 240 | 289 | 293 | 239 | 144 | 130 | 168 |
| Total Liabilities | 483 | 595 | 684 | 694 | 756 | 809 | 807 | 895 |
| Fixed Assets | 257 | 262 | 269 | 251 | 316 | 294 | 276 | 256 |
| CWIP | 8 | 9 | 32 | 86 | 7 | 8 | 5 | 5 |
| Investments | 65 | 41 | 46 | 73 | 107 | 151 | 382 | 434 |
| Other Assets | 153 | 282 | 337 | 284 | 326 | 356 | 144 | 199 |
| Total Assets | 483 | 595 | 684 | 694 | 756 | 809 | 807 | 895 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Jun 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 136 | 155 | 95 | 104 | 100 | 80 | 25 | 68 |
| Cash from Investing Activity | -32 | 8 | -43 | -68 | -23 | -103 | 38 | 77 |
| Cash from Financing Activity | -97 | -41 | -1 | -44 | -39 | -28 | -43 | -59 |
| Net Cash Flow | 6 | 122 | 50 | -8 | 38 | -51 | 20 | 86 |
| Free Cash Flow | 122 | 132 | 42 | 46 | 85 | 71 | 17 | 59 |
| CFO/OP | 94 | 112 | 121 | 186 | 66 | 100 | 200 | 54 |

### Ratios

| Item | Jun 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 37 | 40 | 30 | 24 | 35 | 41 | 72 | 110 |
| Inventory Days | 97 | 81 | 102 | 29 | 54 | 29 | 34 | 20 |
| Days Payable | 140 | 164 | 161 | 146 | 141 | 30 | 29 | 27 |
| Cash Conversion Cycle | -6 | -43 | -29 | -93 | -52 | 39 | 76 | 103 |
| Working Capital Days | 12 | 21 | -4 | -43 | 3 | 12 | 48 | 58 |
| ROCE % | — | — | 27 | 17 | 42 | 20 | 7 | 19 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 4 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 4.81 | Sell |
| EMA (10) | 4.89 | Sell |
| SMA (20) | 5.21 | Sell |
| EMA (20) | 5.04 | Sell |
| SMA (50) | 5.23 | Sell |
| EMA (50) | 5.22 | Sell |
| SMA (100) | 5.43 | Sell |
| EMA (100) | 5.42 | Sell |
| SMA (200) | 5.98 | Sell |
| EMA (200) | 5.66 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 40.17 | Neutral |
| MACD (12,26,9) | -0.16 | Sell |
| Stochastic (14,3,3) | 12.37 | Buy |
| ADX (14) | 10.66 | Neutral |
| Williams %R (14) | -88.64 | Buy |
| ATR (14) | 0.23 | High Volatility |
| ROC (12) | -17.59 | Sell |
| Stoch RSI (14) | 11.72 | Buy |
| UO (7,14,28) | 32.39 | Neutral |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T10:59:28.978Z.