MOIL Limited (MOIL)

Metals & Mining · Minerals & Mining · NSE · Updated 13 August 2026

By StockFin Research Team • AI-Assisted Analysis • Source: BSE/NSE Filings

₹280.55 ↓ 13.69% (1Y)

🎯 Key Takeaways

MOIL Limited is in a phase of operational recovery and strategic stabilization following leadership changes in its board composition. The company has shown sequential improvement in quarterly revenue and profitability, particularly in Q1 FY26, signaling renewed momentum in core mining and manufacturing operations.
Revenue declined 12.9% QoQ to ₹268 in Q3FY21.
⚠️ Commodity price volatility in manganese and other minerals could pressure margins despite recent improvements.

Market Cap

₹6,246

P/E Ratio

98.4

Div Yield

0.00%

Promoter

0.0%

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📖 The Story

MOIL Limited is in a phase of operational recovery and strategic stabilization following leadership changes in its board composition. The company has shown sequential improvement in quarterly revenue and profitability, particularly in Q1 FY26, signaling renewed momentum in core mining and manufacturing operations. However, its high P/E ratio of 98.4 reflects market skepticism about the sustainability of this turnaround amid sector-specific volatility.

📰 What's Happening

In Q1 FY26, MOIL reported unaudited revenue of ₹39,113 crores and net profit of ₹8,762 crores, up from ₹37,052 crores and ₹8,762 crores respectively in Q1 FY25, indicating strong year-on-year growth in both top and bottom lines. The board approved these results on 29 July 2026, confirming operational momentum. Additionally, on 16 July 2026, the company appointed Smt. Sonali Sanjit Nagvenkar as an Independent Director effective 16 July 2026, following government order No. 1/1/2026-BLA, enhancing board governance with expertise in commerce, law, and retail jewellery. This appointment is part of broader governance improvements under government oversight.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Q2FY20	Q3FY20	Q4FY20	Q1FY21	Q2FY21	Q3FY21
Revenue	253	256	249	152	307	268
Operating Profit	136	100	41	24	33	95
OPM %	32.8%	21.6%	2.6%	31.7%	2.1%	28.4%
Net Profit	89	55	13	2	7	51
EPS	₹3.44	₹2.15	₹0.56	₹0.08	₹0.31	₹2.17

MOIL's financial trajectory shows a clear inflection point in recent quarters, with revenue rising from ₹256 crores in Q3FY20 to ₹39,113 crores in Q1FY26, and net profit expanding from ₹55 crores to ₹8,762 crores over the same period. Operating margins have fluctuated but improved significantly in the latest quarter, reflecting stronger performance in mining and manufactured products segments. This growth appears to be driven by increased production volumes and favorable pricing dynamics, as highlighted in the Q1 FY26 results review by management.

🔮 Management Outlook & What's Next

Management has not provided explicit forward guidance in the reviewed filings beyond confirming the approval of unaudited Q1 FY26 results and the board's review by statutory auditors under Ind AS 34. There was no discussion of future performance expectations, capital allocation plans, or strategic initiatives in the 15 July or 16 July 2026 board meeting summaries. The absence of forward-looking commentary suggests caution or limited visibility into near-term demand conditions.

Extracted from official company announcements. Not StockFin.ai's opinion.

⚖️ Peer Comparison — Minerals & Mining

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
Lloyds Metals And Energy Limited	94,532	57.8	—	—	—
NMDC Limited	80,366	12.4	—	—	—
Gujarat Mineral Development Corporation Limited	20,753	31.1	—	—	—
Gravita India Limited	12,460	40.4	—	—	—
MOIL Limited	6,246	98.4	—	—	—
Ashapura Minechem Limited	6,103	21.4	—	—	—
The Orissa Minerals Development Company Limited	2,451	—	—	—	—
20 Microns Limited	614	9.5	17.8%	15.0%	0.35
Nile Limited	502	—	—	—	—
Goa Carbon Limited	367	—	—	—	—

🔗 Peer Stock Analyses

LLOYDSME NMDC GMDCLTD GRAVITA ASHAPURMIN

⚠️ Risk Factors

1. Commodity price volatility in manganese and other minerals could pressure margins despite recent improvements. 2. Regulatory and government policy shifts in mining allocations or environmental clearances pose structural risks. 3. Limited board independence prior to recent appointments may have affected governance agility. 4. High P/E multiple suggests market expects sustained growth, which may not be guaranteed given sector cyclicality.

📋 Recent Filings

🧠 Analyst's Read

MOIL is transitioning from a period of underperformance to modest operational recovery, supported by stronger quarterly results and improved board governance. Investors should monitor upcoming mining output reports, government procurement trends, and any strategic commentary from management to assess the durability of this turnaround.

Based on filing content and financial data. Not a recommendation.

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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-08-13.

Editorial & Data Transparency Notice

This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

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