MOIL Share Price

MOIL Limited, headquartered in Nagpur, is a leading public sector enterprise engaged in manganese ore mining in India. The company functions under the administrative control of the Ministry of Steel and is the key supplier of manganese ore to domestic steel producers and alloy manufacturers. The MOIL share price on NSE and BSE reflects how market participants react to production volumes, ore grade mix, pricing trends, and demand conditions in the steel and ferroalloy sectors. Also, MOIL performance remains closely linked to industrial activity, infrastructure growth and policy implications pertaining to mineral extraction and public sector undertakings. MOIL ͏ share price movements also reflect the broader sentiment towards the metals & mining industry.

The MOIL share price is affected by the manganese ore prices, output from mining, cost structure, export restrictions, and government regulations related to mineral resources. Over longer periods, factors such as reserve additions, mine modernization, productivity enhancements, and demand from downstream steel producers influence market perception and trading behaviour. Monitoring these variables gives context for tracking MOIL stock price movements over time.

MOIL’s live share price offers a real-time view into the last traded price, bid and ask levels and traded volumes, which are indicative of liquidity and market participation. Tracking MOIL share price today helps observers understand short-term volatility, its response to sector developments, and how the stock price moves alongside broader market indices ͏and commodity-linked peers.

MOIL Company Fundamentals

MOIL Company Background

MOIL Limited is a Schedule “A” Miniratna Category-I company under the administrative control of the Ministry of Steel. It was incorporated on 22 June 1962 as Manganese Ore (India) Limited, and its name was changed to MOIL Limited during the financial year 2010–11. The company’s origins date back to 1899, when it was established as the Central Province Prospecting Syndicate, later renamed the Central Provinces Manganese Ore Company Limited (CPMO), a British company incorporated in the UK. In 1962, following an agreement between the Government of India and CPMO, CPMO’s assets were taken over and MOIL was formed.

Initially, 51% equity was held by the Government of India and the State Governments of Maharashtra and Madhya Pradesh, with 49% held by CPMO. In 1977, the remaining stake was acquired, making MOIL a 100% government company. MOIL was listed on the NSE and BSE on 15 December 2010. Currently, its shareholding comprises the Government of India (53.35%), Government of Maharashtra (5.96%), Government of Madhya Pradesh (5.38%), and the public (35.31%). The company operates underground and opencast mines in Maharashtra and Madhya Pradesh, including the Balaghat Mine, its largest and deepest. MOIL meets about 48% of India’s dioxide ore requirement, produces around 1.8 million tonnes annually, manufactures EMD and ferro manganese, and has also invested in wind energy projects totaling 20 MW.

MOIL Company Product Lines

Manganese Ore (Core Product): MOIL’s primary business is mining and selling different grades of manganese ore, which are used across steel, ferroalloy, battery, and chemical industries. These include:

• High Grade Ore – Used for production of ferromanganese (alloy for steel).
• Medium Grade Ore – Used for production of silicomanganese (steelmaking alloy).
• Blast Furnace Grade Ore – Used as a feedstock in hot metal/steel production.
• Dioxide Ore – Used in dry battery cells and chemical industries.

Electrolytic Manganese Dioxide (EMD): MOIL produces Electrolytic Manganese Dioxide, a value added product widely used in dry battery manufacturing and chemical applications. The plant uses indigenous technology.

Ferro Manganese (Alloy Product): MOIL manufactures ferromanganese, a ferroalloy used as an essential deoxidiser and alloying element in steel production.

Value Added Manganese Products (Market Listed / Reported): In addition to the core ore grades, various commercial forms of manganese products are marketed in physical form, such as:

• Manganese Ore Lumps
• Manganese Ore Fines
• Manganese Ore Sinter
• Manganese Ore Briquettes
• Ferro Manganese (value added alloy)

MOIL Limited Company Revenue Model

• Sales of Manganese Ore — Core business revenue from the sale of all grades of manganese ore used in steel, ferroalloys, battery, and chemical industries.
• Sales of Manufactured Products — Revenue from valueadded products such as electrolytic manganese dioxide (EMD) and ferro manganese.
• Power Sales — Revenue from sale of electricity generated by companyowned wind energy farms.
• Other Income — Nonoperating revenues including interest earned on investments, fixed deposits, mutual funds and miscellaneous financial income.
• Export Sales — Revenue from the sale of manganese products to international customers.
• LongTerm Supply Contracts — Revenue recognized from contractual supply agreements with industrial clients.
• Premium Products and Specialised Services — Income from sale of premium grade ore and specialised manganese based offerings

MOIL Limited Geographic Presence

Maharashtra

• Beldongri Mine – Nagpur
• Gumgaon Mine – Nagpur
• Chikla Mine – Bhandara
• Kandri Mine – Nagpur
• Dongri Buzurg Mine – Bhandara
• Munsar Mine – Nagpur

Madhya Pradesh

• Balaghat Mine – Balaghat
• Tirodi Mine – Balaghat
• Sitapatore Mine – Balaghat
• Ukwa Mine – Balaghat

Delhi

• Corporate Office – New Delhi

MOIL Limited Leadership

Some of the key leaders for MOIL Limited as of January 2026 are

• Vishwanath Suresh – Chairman-cum-Managing Director (CMD)
• Rakesh Tumane – Director (Finance)
• Usha Singh – Director (Human Resources)
• Mirza Mohammad Abdulla – Director (Production & Planning)
• Rashmi Singh – Director (Commercial)
• Ashwini Kumar – Economic Adviser, Ministry of Steel; Nominee Director, Government of India
• Iqbal Singh Chahal – Additional Chief Secretary (Mines); Nominee Director, Government of Maharashtra
• Dinesh Kumar Gupta – Independent Director
• Kapil Kotecha – Independent Director

MOIL Limited Key Milestones

• 1899: Established as Central Province Prospecting Syndicate, later renamed Central Provinces Manganese Ore Company Limited (CPMO).
• 1962: Incorporated as Manganese Ore (India) Limited following transfer of mining leases and assets from CPMO.
• 1991: Set up Electrolytic Manganese Dioxide (EMD) Plant at Dongri Buzurg Mine.
• 1997: Acquired entire shareholding of CPMO and became a 100% Government of India–owned company.
• 1998: Commissioned High Carbon Ferro Manganese Plant (10,000 TPA) at Balaghat Mine.
• 2001: Established Integrated Manganese Beneficiation Plant at Dongri Buzurg Mine.
• 2006: Commissioned first wind farm with capacity of 4.8 MW.
• 2007: Set up Integrated Manganese Beneficiation Plant at Balaghat with capacity of 0.5 million TPA.
• 2008: Commissioned second wind farm of 15.2 MW and conferred Mini-Ratna Category-I status.
• 2008: Formed 50:50 joint venture with SAIL to set up ferro alloy plant at Bhilai, Chhattisgarh.
• 2009: Formed 50:50 joint venture with RINL to set up ferro alloy plant at Visakhapatnam.
• 2010: Company renamed from Manganese Ore (India) Limited to MOIL Limited.
• 2010–11: Launched Initial Public Offer (IPO) and listed on NSE and BSE.
• 2014–15: Notified by Ministry of Mines to undertake exploration of minerals across India.
• 2018–19: Completed major shaft deepening and sinking projects at Holmes, Kandri and Chikla mines.
• 2019–20: Completed new vertical and ventilation shaft projects at Balaghat, Munsar and Ukwa mines.
• 2021: Completed high-speed vertical shaft projects at Gumgaon and Balaghat mines.
• 2021–22: Wound up joint ventures with SAIL and RINL; carried out extensive exploratory drilling.
• 2022: Signed MoU with GMDC and MECL for manganese exploration in Gujarat.
• 2024: Completed vertical shaft deepening projects at Balaghat, Kandri and Chikla mines.
• 2025: Identified 9.51 million MT of manganese resources in Gujarat; approved JV framework with MPSMCL for exploration in Madhya Pradesh; total reserves and resources reached 121.97 million MT as on 31 March 2025.

MOIL ͏L͏imited͏ Industry Perspective

MOIL Limited operates in the manganese mining and manganese ore industry, a vital segment of the global mining and metals sector. Manganese is a critical raw material primarily used in steel production, accounting for nearly 85–90% of global manganese consumption, as it improves the strength, hardness, and durability of steel. The industry also serves the ferroalloy, chemical, fertiliser, and battery sectors, making it strategically important for infrastructure, construction, automotive, and energy transition industries. Globally, the manganese market is valued at around USD 27–30 billion and is projected to grow steadily over the next decade. Industry estimates indicate a historical CAGR of about 3–4%, driven mainly by rising steel demand in emerging economies. Looking ahead, the market is expected to grow at a future CAGR of 4–6%, supported by expanding infrastructure projects, urbanisation, and increasing steel capacity additions, particularly in Asia-Pacific. India and China remain the largest consumers, with Asia-Pacific contributing more than 60% of global manganese demand. In India, the manganese ore industry is closely linked to the country’s steel production targets. With India aiming to reach 300 million tonnes of steel capacity by 2030, domestic demand for manganese ore and ferroalloys is expected to grow at a CAGR of 5–6%. Additionally, growing applications of manganese in electric vehicle batteries, especially high-purity manganese and electrolytic manganese dioxide, are opening new growth avenues beyond steel.

MOIL stands to benefit from the growing manganese industry through increased domestic and global demand for steel, ferroalloys, and battery-grade manganese. Its extensive reserves, strategic mines, and expansion into exploration position it to capture market growth. With rising infrastructure projects and EV adoption, MOIL can boost production, diversify revenue streams, and strengthen its leadership as India’s top manganese producer.

MOIL Stock Market Presence: Listings & Index Representation

MOIL Limited was listed on the BSE and NSE following its initial public offering in December 2010, marking its entry into India’s public equity markets. Since listing, the company has remained actively traded on both exchanges, providing continuous price discovery and liquidity for market participants tracking public sector mining stocks.

MOIL Limited is listed on NSE under the symbol MOIL and on BSE under the code 533286. The stock forms part of key benchmark and thematic indices, including the BSE 500, BSE PSU Index, BSE 1000, Nifty Microcap 250 Index, Nifty Total Market, S&P BSE ,MidSmallCap, S&P BSE CPSE, S&P BSE SmallCap, S&P BSE Basic Materials, and S&P BSE AllCap reflecting its classification as a public sector enterprise with relevance to India’s industrial and resource sectors. Index inclusion places MOIL within broader market tracking frameworks used by institutional and passive investors.

MOIL share price is closely followed within the metals and mining segment, particularly among investors monitoring PSU performance, commodity-linked stocks, and infrastructure-related sectors. Listing on both NSE and BSE ensures trading continuity, while index representation aligns MOIL stock price movements with sector-level and macroeconomic trends influencing resource-based companies.

MOIL Stock Performance and Share Price History

MOIL share price on NSE and BSE reflects the company’s position as a primary manganese ore producer in India. Performance is influenced by production volumes, ore prices, cost efficiency, and demand from steel and alloy industries. Market participants often compare MOIL share price today with broader metal indices and PSU peers to assess relative movement within the sector.

Sector-driven trends remain visible across different market cycles. Periods of rising steel production and infrastructure spending have historically supported MOIL share price, while slowdowns in industrial activity have weighed on performance. These movements often align with earnings-related announcements and shifts in commodity pricing.

Corporate developments, including production updates and policy-related announcements, have also influenced MOIL share price in the short term. While the company operates in a regulated mining framework, changes in export policies or mining guidelines have occasionally triggered volatility in MOIL stock price, even when underlying operations remained stable.

Longer-term context emerges through MOIL share price 52-week highs and lows, which capture phases of strong demand or broader market corrections. The highest end-of-day price of ₹545.76 recorded on 8 July 2024 reflected strong sector momentum, while the lowest end-of-day price of ₹63.02 in August 2013 aligned with commodity downturns and weaker global demand.

MOIL stock price history shows wide cycles since listing in 2010. Early years saw volatility, with a sharp decline of 48.89 percent in 2011 as global commodity prices softened. Recovery phases followed, including gains of 36.33 percent in 2014 and a strong rise of 72.43 percent in 2016 driven by improved pricing and operational stability.

Subsequent years reflected mixed performance. Declines in 2015 and 2018 corresponded with weaker metals sentiment, while strong rebounds in 2017 and 2023, including an 85.14 percent rise in 2023, mirrored sector recovery and improved earnings visibility. Recent years show moderation, with MOIL share price declining 6.28 percent in 2026 after gains in 2024 and 2025.

MOIL share price movements have also tracked broader macroeconomic cycles. Over five years, the stock delivered gains of 148.85 percent, while ten-year returns stood at 238.51 percent. Shorter-term underperformance versus indices in one-year periods reflects sector-specific corrections rather than structural shifts. During COVID-19 disruptions, MOIL stock price remained volatile but recovered as industrial activity resumed and demand normalised.

MOIL Investor Relevance and Portfolio Role

MOIL occupies a distinct position within portfolios focused on public sector enterprises, metals, and mining exposure. Its inclusion in the BSE 500 and BSE PSU Index highlights its relevance within resource-linked and government-owned company baskets tracked by institutional investors. MOIL share price movements often reflect broader trends in industrial demand and commodity cycles rather than consumer-driven growth patterns.

MOIL equity is held by a mix of government entities and institutional investors. Key institutional holders include the Ministry of Steel Government of India, Government of Maharashtra, Government of Madhya Pradesh, Life Insurance Corporation of India, Aditya Birla Sun Life AMC, Bandhan AMC, Dimensional Fund Advisors, BlackRock, LIC Mutual Fund Asset Management, and Tata Asset Management.

Mutual fund exposure includes holdings by Aditya Birla Sun Life Small Cap Fund, iShares Core MSCI Emerging Markets ETF, DFA Emerging Markets portfolios, Tata Resources & Energy Fund, LIC Large Cap Fund, Canara Robeco Manufacturing Fund, Bandhan Small Cap Fund, and LIC Multi Asset Allocation Fund. This ownership profile reflects MOIL’s presence across domestic and global fund structures.

MOIL stock is monitored in derivatives and technical analysis frameworks, where indicators such as RSI, MACD, and volume trends provide insight into short-term momentum. These tools help assess trading behaviour around commodity price movements and policy announcements rather than company-specific expansion strategies.

MOIL beta reflects higher volatility relative to broader markets. Long-term beta stands at 1.59, while daily one-month beta reached 3.00. Weekly one-year beta ranged around 1.91, and monthly two-year beta stood at 2.36. These figures highlight MOIL stock price sensitivity to market and sector swings. MOIL share price volatility remains higher than diversified index stocks due to its commodity-linked nature.

MOIL Limited Sectoral Relevance and Peer Positioning

MOIL’s sector relevance stems from its central role in manganese ore mining, ownership of key reserves, and supply connections to India’s steel and ferroalloy industries. Peer comparisons with NMDC, Tata Steel, Vedanta, and SAIL focus on mining capacity, operational efficiency, resource access, and sensitivity to commodity cycles rather than short-term stock moves. Evaluating these benchmarks helps investors understand MOIL’s operational scale, cost competitiveness, and market positioning within the metals and mining ecosystem. These fundamentals influence MOIL’s stock price movements over time and provide context for trends observed relative to its sector peers.

MOIL P/E ratio offers insight into market valuation of earnings relative to company performance. As of January 2026, MOIL P/E stood at 28.4, reflecting current market expectations. Historically, the P/E was 6.02 at the end of 2013 and 7.19 in 2012, illustrating significant adjustment over commodity cycles. Fluctuations in MOIL share price, combined with changes in earnings, have driven this ratio over time. The P/E reflects market perception of risk, operational efficiency, and earnings visibility. Tracking MOIL P/E alongside MOIL stock price helps contextualise valuation shifts amid cyclical sector developments and macroeconomic trends.

MOIL EPS (earnings per share) captures the profitability per share and provides a measure of performance impacting MOIL share price. EPS stood at ₹21.31 in 2012, increased slightly to ₹21.40 in 2013, and settled at ₹11.58 on a trailing twelve-month basis in 2025. These fluctuations reflect operational outcomes, manganese ore pricing, and cost structures, influencing MOIL stock price movements. Observing EPS trends alongside MOIL share price highlights periods of growth, volatility, and recovery in earnings. Investors can use EPS as a reference point to assess the company’s profitability trajectory over time.

MOIL market cap represents the total market value of outstanding shares and provides context for MOIL stock price. As of January 2026, market cap stood at ₹70.60 billion. Historical data shows cyclical shifts, from ₹32.77 billion in 2022 to ₹63.03 billion in 2023, before moderating. Changes in market cap reflect investor perception of earnings potential, production output, and commodity price trends. Tracking MOIL market capitalisation alongside MOIL share price allows for evaluation of sectoral recovery, consolidation phases, and broader investor sentiment. Market cap movements complement analysis of long-term MOIL stock price performance.

MOIL earnings reflect company profitability and provide context to MOIL share price performance. The company reported a loss of ₹0.72 billion in 2020, recovered to ₹4.47 billion in 2021, and recorded ₹2.71 billion TTM in 2025. Annual variations correspond with manganese ore prices, production efficiency, and sector demand cycles. These earnings fluctuations have directly influenced MOIL stock price trends, showing periods of growth, correction, and recovery. Monitoring earnings alongside MOIL share price provides insights into operational resilience, sector dynamics, and how cyclical and macroeconomic factors shape market valuation over time.

Summary

MOIL Limited, headquartered in Nagpur, is a public sector enterprise engaged in manganese ore mining under the Ministry of Steel. The company operates underground and opencast mines in Maharashtra and Madhya Pradesh, producing manganese ore, electrolytic manganese dioxide, and ferro manganese. Listed on NSE and BSE since 2010, MOIL forms part of multiple indices including BSE 500 and BSE PSU. Its operations supply steel, ferroalloy, battery, and chemical industries. MOIL share price reflects production, ore prices, sector trends, and investor sentiment, while the company’s market cap, P/E, EPS, and earnings show historical and cyclical performance.