Manaksia Coated Metals & Industries Ltd

Manaksia Coated Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Manaksia Coated Metals & Industries Ltd

₹ 50.8 2.21%
26 Apr - close price
manaksiacoatedmetals.com BSE: 539046 NSE : MANAKCOAT
About

Incorporated in 2010, Manaksia Coated Metals & Industries Ltd manufactures Mosquito Repellent Coils and value-added secondary metal products[1]

Key Points

Business Overview:[1]
MCMI is a part of the Manaksia Group. It manufactures value-added metal products viz. Pre-Painted Metal Coils & Metal Sheets and Galvanized Steel sheets and coils. Company also does contract manufacturing with Reckitt Benckiser to produce Ultramarine Blue Powder in Bhopal

Website BSE NSE
  • Market Cap ₹ 377 Cr.
  • Current Price ₹ 50.8
  • High / Low ₹ 52.3 / 14.5
  • Stock P/E 37.8
  • Book Value ₹ 18.5
  • Dividend Yield 0.06 %
  • ROCE 9.74 %
  • ROE 4.99 %
  • Face Value ₹ 1.00
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Pros

  • Company has delivered good profit growth of 24.1% CAGR over last 5 years
  • Promoter holding has increased by 1.76% over last quarter.

Cons

  • Stock is trading at 2.75 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 6.37% over last 3 years.
  • Earnings include an other income of Rs.14.7 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Steel Industry: Steel - Medium / Small

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
131.71 142.05 155.47 214.63 97.69 179.96 139.34 148.73 176.92 186.85 171.70 194.53 190.86
122.84 131.36 148.21 205.80 91.25 167.66 132.16 141.29 168.00 177.78 164.22 182.04 180.03
Operating Profit 8.87 10.69 7.26 8.83 6.44 12.30 7.18 7.44 8.92 9.07 7.48 12.49 10.83
OPM % 6.73% 7.53% 4.67% 4.11% 6.59% 6.83% 5.15% 5.00% 5.04% 4.85% 4.36% 6.42% 5.67%
1.27 -0.71 2.28 3.04 1.63 1.61 2.16 1.63 0.64 5.76 4.26 1.38 3.28
Interest 5.42 5.50 5.05 6.06 4.89 7.09 5.40 6.05 6.97 3.42 8.80 9.59 6.37
Depreciation 2.26 2.26 2.22 2.23 2.20 2.24 2.31 2.31 2.30 2.27 2.29 2.31 2.31
Profit before tax 2.46 2.22 2.27 3.58 0.98 4.58 1.63 0.71 0.29 9.14 0.65 1.97 5.43
Tax % 8.54% 25.68% 27.31% 25.14% 26.53% 21.62% 58.90% -4.23% 27.59% 15.32% 80.00% -2.03% 25.41%
2.25 1.65 1.65 2.67 0.72 3.58 0.67 0.74 0.21 7.74 0.12 2.01 4.05
EPS in Rs 0.34 0.25 0.25 0.41 0.11 0.55 0.10 0.11 0.03 1.18 0.02 0.31 0.62
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
225 269 253 265 247 446 648 652 744
212 256 238 242 221 413 613 619 704
Operating Profit 12 14 15 22 26 33 35 33 40
OPM % 5% 5% 6% 8% 10% 7% 5% 5% 5%
4 2 3 4 1 3 9 10 15
Interest 4 4 6 14 17 19 23 22 28
Depreciation 10 8 8 10 9 9 9 9 9
Profit before tax 3 3 4 2 1 8 11 12 17
Tax % -14% 78% 51% 120% -250% 22% 24% 20%
3 1 2 -0 3 6 9 9 14
EPS in Rs 0.44 0.10 0.30 -0.06 0.43 0.89 1.32 1.43 2.13
Dividend Payout % -0% -0% -0% -0% -0% 3% -0% 2%
Compounded Sales Growth
10 Years: %
5 Years: 21%
3 Years: 38%
TTM: 15%
Compounded Profit Growth
10 Years: %
5 Years: 24%
3 Years: 26%
TTM: 92%
Stock Price CAGR
10 Years: %
5 Years: 56%
3 Years: 51%
1 Year: 221%
Return on Equity
10 Years: %
5 Years: 5%
3 Years: 6%
Last Year: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 7 7 7 7 7 7 7 7 7
Reserves 76 80 82 83 87 93 102 113 115
52 58 124 128 138 147 178 190 186
75 89 97 137 150 191 198 239 233
Total Liabilities 209 234 309 354 381 438 484 548 540
73 100 157 148 144 136 130 122 118
CWIP 45 35 4 47 45 51 40 49 50
Investments -0 -0 -0 -0 -0 -0 -0 -0 -0
91 98 149 158 192 252 313 377 373
Total Assets 209 234 309 354 381 438 484 548 540

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
31 22 -22 49 6 20 -13 8
-13 -25 -33 -43 -0 -6 9 -7
-19 3 61 -13 -5 -12 6 -6
Net Cash Flow -1 0 6 -7 0 2 2 -4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 72 56 47 35 37 38 27 24
Inventory Days 43 51 97 171 265 163 151 180
Days Payable 93 84 89 139 188 123 103 138
Cash Conversion Cycle 22 23 54 67 114 78 75 66
Working Capital Days 42 42 107 79 111 71 67 73
ROCE % 5% 5% 8% 8% 11% 13% 10%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
67.21% 67.43% 67.43% 67.43% 67.43% 67.43% 67.43% 67.43% 67.43% 67.43% 67.43% 69.19%
0.00% 0.00% 0.19% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
32.79% 32.57% 32.39% 32.57% 32.57% 32.56% 32.57% 32.58% 32.57% 32.57% 32.57% 30.81%
No. of Shareholders 20,48520,79022,20036,36034,65433,83632,88831,90131,61831,33429,18629,681

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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