The company is an Indian manufacturer and exporter of manganese-based ferro alloys, including ferro manganese, silico manganese and ferro silicon. The company also has operations in wind power generation and has expanded its authorised business activities to sectors including real estate, healthcare, hospitality and education.
The shares of Maithan Alloys are currently trading at Rs. 999.20, up by 0.42%. The company has a market capitalization of Rs. 2,908.83 crore. The stock’s 52 week high is Rs. 1,210.10 and its 52 week low is Rs. 831.20. In the past 6 months the stock has delivered a return of 15.56%.
What’s The News
It was revealed that Maithan Alloys had purchased 3,30,000 equity shares of One 97 Communications Limited, which is the parent company of Paytm, for a consideration of Rs. 60.19 crore on September 21, 2026.
This acquisition amounts to about 0.05% of the equity share capital of Paytm. It was reported that the company had made this purchase through the stock exchange and that there was no intention to gain control of the management of Paytm.
It was also found that Maithan Alloys had purchased 11,730 equity shares of ESDS Software Solution Limited for Rs. 1.90 crore on the same day. This was about 0.01% of the equity share capital of ESDS Software.
Investment Breakdown
Maithan Alloys Limited purchased 3,30,000 equity shares of One 97 Communications Limited (Paytm) at Rs. 60.19 crore, which accounts for 0.05% of its equity share capital. At the same time, the company has also purchased 11,730 shares of ESDS Software Solutions Limited at Rs. 1.90 crore, accounting for 0.01% stake.
Both purchases have been made on September 21, 2026, making an aggregate investment worth Rs. 62.09 crore made by Maithan Alloys Limited. It has been announced by the company on September 22
Why Are These Investments Important
The acquisitions suggest that Maithan Alloys is continuing to invest in the stock market apart from its core business of ferro alloy business. There have been several instances of such investments by the company in listed entities in 2026. Some of its past disclosure regarding share acquisitions were in companies like Bank of India, Canara Bank, Bank of Baroda, Power Finance Corporation and HFCL among others.
Maithan Alloys has also made an acquisition of 7,60,548 shares of ESDS Software in the month of September 2026 for about Rs. 113 crore. This indicates that the recent acquisition only helps Maithan Alloys in increasing its stake in the IT services company and not making its first investment.
Paytm Investment
The larger portion of the latest investment was directed towards One 97 Communications, with Maithan Alloys spending Rs. 60.19 crore to acquire 3.30 lakh shares. Paytm reported a turnover of Rs. 5,825 crore and PAT of Rs. 67 crore in FY26, according to the acquisition-related disclosure information. Maithan Alloys’ purchase represents a small financial stake and does not give the company management control over Paytm. The investment therefore needs to be viewed primarily as a portfolio investment rather than a strategic acquisition or business combination.
ESDS Software Investment
ESDS Software Solution is an IT-enabled services company providing data centre, cloud, colocation, managed services and AI infrastructure solutions to government and PSU customers, BFSI institutions and enterprises. ESDS reported FY26 turnover of Rs. 378 crore and PAT of Rs. 62 crore, according to the acquisition disclosure information.
Maithan Alloys’ latest purchase of 11,730 shares represents only around 0.01% of ESDS Software’s equity, making it a relatively small addition compared with the company’s earlier September investment.
Financial performance
Looking at the quarterly results of Maithan Alloys Limited, the company’s consolidated revenue from operations stood at Rs. 539.53 crore in Q1 FY27. The company operates primarily in the ferro alloys segment, which contributed the entire revenue from operations during the quarter. The company also reported Rs. 417.17 crore as other income, taking total income to Rs. 956.70 crore in Q1 FY27.
In Q1 FY27, Maithan Alloys reported a consolidated profit before tax of Rs. 497.82 crore, while total consolidated net profit stood at Rs. 395.72 crore. Of this, Rs. 393.04 crore was attributable to the owners of the company, with the remaining Rs. 2.68 crore attributable to non-controlling interests.
The company’s basic earnings per share stood at Rs. 135.01 in Q1 FY27, with diluted EPS also at Rs. 135.01. The company reported Rs. 396.72 crore of fair-value and realised gains on investments during the quarter, which formed a significant part of other income and therefore had a substantial impact on the reported profitability.
For the QoQ comparison, Q4 FY26 consolidated revenue from operations was Rs. 559.18 crore, while Q1 FY27 revenue stood at Rs. 539.53 crore, representing a 3.51% decline. Q4 FY26 profit before tax was a loss of Rs. 72.32 crore, compared with a profit before tax of Rs. 497.82 crore in Q1 FY27. Similarly, total consolidated net profit moved from a loss of Rs. 70.68 crore in Q4 FY26 to a profit of Rs. 395.72 crore in Q1 FY27.
Investor Perspective
These latest investments have brought Maithan Alloys’ investments in Paytm and ESDS Software into prominence in the context of its overall treasury investment strategy. Although this Rs. 62.09 crore total investment is not significant considering the scale of operations of the company, it brings into focus the growing importance of investments and listed equities in addition to the core business.
Investor watch-points would be the returns from the investment portfolio of Maithan Alloys, its ability to generate investments, operating margins for ferro-alloys and the demand, and how the excess cash is utilized.