Miniratna Company Reports Record April Production Of 1.62 Lakh Tonnes, Achieves 58 Per Cent Jump In Drilling, Setting A Positive Growth Tone For FY'26 Performance
Despite the short-term correction, with a 1-year return of -23.95 per cent, the stock has delivered a strong 3-year return of 93.45 per cent.
MOIL Limited, India's largest manganese ore producer, has announced a record-breaking production milestone for April FY'26, reinforcing investor confidence and setting a strong precedent for the rest of the fiscal year. The company reported a production of 1.62 lakh tonnes of manganese ore during the month, reflecting a 1.5 per cent increase compared to the corresponding period last year (CPLY). This performance highlights MOIL’s operational strength amid challenging market dynamics.
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In addition to robust production figures, MOIL also made remarkable progress in its exploratory initiatives. The company achieved 11,453 meters of core drilling in April, marking a 58 per cent jump over CPLY. This expansion in exploration reflects MOIL’s commitment to long-term resource planning and sustainable mining. Commenting on the performance, Shri Ajit Kumar Saxena, Chairman and Managing Director of MOIL, stated, “MOIL’s April performance sets a positive tone for the year ahead. The organisation remains committed to sustained growth and value creation.”
As of May 02, 2025, MOIL Limited's share price stood at Rs 339.4. The stock has seen a 52-week high of Rs 556.5 and a 52-week low of Rs 287.5. Despite the short-term correction, with a 1-year return of -23.95 per cent, the stock has delivered a strong 3-year return of 93.45 per cent — potentially catching the eye of long-term investors seeking multibagger opportunities in the small-cap mining space. The stock currently trades at a price-to-earnings (PE) ratio of 93.25, indicating investor expectations of future growth.
MOIL, a government-owned enterprise, plays a critical role in India's mining ecosystem, particularly in supplying manganese, a key input in steel manufacturing and other industrial applications. With a clear focus on expanding its production capacity and accelerating exploratory efforts, MOIL is strategically positioning itself for future growth. The company’s recent performance, along with its exploration success, underscores its resilience and ambition in a competitive sector.
Disclaimer: The article is for informational purposes only and not investment advice.