MOIL jumps on reporting increase of around 8% in production in FY22

04 Apr 2022 Evaluate

MOIL is currently trading at Rs. 192.55, up by 3.00 points or 1.58% from its previous closing of Rs. 189.55 on the BSE.

The scrip opened at Rs. 191.45 and has touched a high and low of Rs. 195.10 and Rs. 191.20 respectively. So far 22150 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 208.00 on 22-Jun-2021 and a 52 week low of Rs. 148.00 on 12-Apr-2021.

Last one week high and low of the scrip stood at Rs. 195.45 and Rs. 175.15 respectively. The current market cap of the company is Rs. 3907.93 crore.

The promoters holding in the company stood at 64.35%, while Institutions and Non-Institutions held 17.51% and 18.14% respectively.

MOIL has achieved production of 12.31 lakh MT in FY 2021-22 as against 11.43 lakh MT in last year, an increase of around 8%. Total sales have increased by around 6% to 12.12 lakh MT as against 11.43 lakh MT during these periods.

Total turnover of the company has been around Rs 1436 crore in FY 2021-22 (provisional) registering growth of around 22% in comparison to previous year’s turnover of Rs 1177 crore and is marginally lower than the highest-ever achievement of Rs 1441 crore in FY 2018-19.

Despite adverse impact of second and third wave of Covid-19 affecting the operational activities of the Company for almost two months, MOIL has recorded the above performance. High grade ore production (6.53 lakh MT) and sales (6.65 lakh MT) is also at the highest level. This performance is the result of better product planning, marketing strategy and, most important, efforts put in by employees at all levels.

MOIL is the largest iron ore company in India and fifth largest in world. It currently operates seven underground mines (Kandri, Munsar, Beldongri, Gumgaon, Chikla, Balaghat and Ukwa mines) and three opencast mines (Dongri Buzurg, Sitapatore/Sukli, and Tirodi).

MOIL Share Price

328.45 -0.25 (-0.08%)
27-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
Coal India 380.65
NMDC 69.35
GMDC 328.00
MOIL 328.45
Sandur Manganese 406.60
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