Equities. Commodities. Metals & Mining

Rahul Jain

More than 20 years experience in covering in Indian metals and mining sector as a sell side analyst. Focus on global commodity trends and actionable ideas. Have deep sectoral understanding and corporate connects. Have had several mine, plant visits and have engaged with 100s of buyside fund managers and analysts across the globe.

Equity Bottom-Up

<ul>
<li>MOIL is India’s largest manganese ore producer, contributing over 50% of the country’s production. Its dominant position provides a competitive advantage in meeting domestic demand.</li>
<li>Planned a capex of Rs24 billion until FY30. This investment will support brownfield expansions, greenfield projects, and modernization efforts, including shaft-sinking projects at Balaghat and Gumgaon mines.</li>
<li>Valuations: Trades at a marginal premium to historic valuations. Debt-free balance sheet, 25yr+ mine life gives confidence over LT execution of expansion plans.</li>
</ul>


MOIL is India’s largest manganese ore producer, contributing over 50% of the country’s production. Its dominant position provides a competitive advantage in meeting domestic demand.
Planned a capex of Rs24 billion until FY30. This investment will support brownfield expansions, greenfield projects, and modernization efforts, including shaft-sinking projects at Balaghat and Gumgaon mines.
Valuations: Trades at a marginal premium to historic valuations. Debt-free balance sheet, 25yr+ mine life gives confidence over LT execution of expansion plans.


MOIL Ltd: Plans to Double Output Well Supported

Moil Ltd

MOIL Ltd: Plans to Double Output Well Supported