Manaksia Steels Ltd
Incorporated in 2001, Manaksia Steels
Ltd manufactures and export coated steel products, offering a wide range of value added steel solutions. [1]
- Market Cap ₹ 342 Cr.
- Current Price ₹ 52.6
- High / Low ₹ 77.8 / 44.2
- Stock P/E 14.4
- Book Value ₹ 48.8
- Dividend Yield 0.00 %
- ROCE 4.06 %
- ROE 3.67 %
- Face Value ₹ 1.00
Pros
- Stock is trading at 1.08 times its book value
- Company is expected to give good quarter
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 3.67% over past five years.
- Company has a low return on equity of 5.83% over last 3 years.
* 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 213 | 329 | 289 | 334 | 494 | 689 | 488 | 388 | 505 | 641 | 632 | 584 | 933 | |
| 194 | 313 | 272 | 309 | 459 | 666 | 473 | 360 | 466 | 624 | 600 | 572 | 890 | |
| Operating Profit | 19 | 16 | 17 | 25 | 35 | 23 | 14 | 28 | 39 | 17 | 32 | 12 | 43 |
| OPM % | 9% | 5% | 6% | 8% | 7% | 3% | 3% | 7% | 8% | 3% | 5% | 2% | 5% |
| 5 | 6 | 1 | 2 | 2 | 2 | 3 | 6 | 8 | 7 | 18 | 14 | 7 | |
| Interest | 6 | 3 | 2 | 4 | 4 | 3 | 2 | 1 | 1 | 2 | 7 | 8 | 12 |
| Depreciation | 2 | 8 | 7 | 8 | 7 | 5 | 6 | 6 | 6 | 5 | 5 | 5 | 8 |
| Profit before tax | 15 | 11 | 8 | 15 | 27 | 17 | 10 | 27 | 41 | 16 | 39 | 13 | 30 |
| Tax % | 32% | 26% | 39% | 37% | 37% | 38% | 11% | 27% | 27% | 23% | 22% | 7% | |
| 11 | 8 | 5 | 9 | 17 | 10 | 9 | 20 | 30 | 13 | 30 | 12 | 24 | |
| EPS in Rs | 210.40 | 1.25 | 0.76 | 1.39 | 2.54 | 1.57 | 1.33 | 3.00 | 4.51 | 1.93 | 4.61 | 1.79 | 3.63 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 4% |
| 3 Years: | 5% |
| TTM: | 71% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 7% |
| 3 Years: | -26% |
| TTM: | 88% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 23% |
| 5 Years: | 14% |
| 3 Years: | 12% |
| 1 Year: | 8% |
| Return on Equity | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 7% |
| 3 Years: | 6% |
| Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.05 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| Reserves | 140 | 142 | 147 | 153 | 170 | 180 | 187 | 212 | 251 | 275 | 302 | 300 | 313 |
| 128 | 45 | 54 | 58 | 93 | 0 | 42 | 64 | 8 | 46 | 183 | 206 | 203 | |
| 71 | 36 | 42 | 36 | 88 | 95 | 61 | 22 | 24 | 29 | 54 | 33 | 52 | |
| Total Liabilities | 340 | 229 | 249 | 254 | 357 | 281 | 296 | 305 | 290 | 357 | 546 | 545 | 574 |
| 73 | 68 | 62 | 55 | 50 | 49 | 47 | 43 | 39 | 40 | 49 | 52 | 136 | |
| CWIP | 2 | 1 | 1 | 2 | 3 | 0 | 2 | 0 | 5 | 7 | 32 | 93 | 14 |
| Investments | 0 | 0 | 0 | 0 | 32 | 42 | 35 | 49 | 77 | 154 | 234 | 152 | 176 |
| 265 | 160 | 186 | 197 | 273 | 190 | 212 | 212 | 168 | 155 | 231 | 248 | 249 | |
| Total Assets | 340 | 229 | 249 | 254 | 357 | 281 | 296 | 305 | 290 | 357 | 546 | 545 | 574 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -97 | 95 | -5 | 10 | -15 | 101 | -6 | 34 | -2 | 29 | -49 | 13 | |
| -7 | -1 | -1 | -12 | -26 | -5 | -22 | -72 | 59 | -67 | -84 | -19 | |
| 119 | -87 | 7 | -1 | 31 | -96 | 39 | 21 | -57 | 35 | 131 | 12 | |
| Net Cash Flow | 15 | 7 | 1 | -3 | -9 | 0 | 11 | -16 | 1 | -2 | -3 | 6 |
| Free Cash Flow | -98 | 93 | -6 | 9 | -18 | 99 | -9 | 34 | -9 | 21 | -88 | -53 |
| CFO/OP | -496% | 631% | -6% | 56% | -3% | 471% | -11% | 145% | 24% | 190% | -137% | 125% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 130 | 63 | 115 | 102 | 69 | 43 | 32 | 16 | 14 | 8 | 15 | 24 |
| Inventory Days | 305 | 87 | 80 | 67 | 112 | 45 | 76 | 98 | 75 | 60 | 92 | 96 |
| Days Payable | 114 | 30 | 40 | 22 | 67 | 50 | 43 | 12 | 8 | 8 | 6 | 14 |
| Cash Conversion Cycle | 321 | 120 | 155 | 148 | 113 | 38 | 64 | 102 | 81 | 61 | 101 | 105 |
| Working Capital Days | 101 | 71 | 85 | 87 | 53 | 44 | 45 | 22 | 94 | 33 | -20 | -7 |
| ROCE % | 16% | 6% | 5% | 9% | 12% | 8% | 5% | 10% | 14% | 6% | 11% | 4% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Installed Capacity - Colour Coating Line (Haldia) MTPA |
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| Installed Capacity - Galvanizing Plant (Haldia) MTPA |
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| Installed Capacity - Steel Cold Rolling Mill (Haldia) MTPA |
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| Total Capacity Utilization % |
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| Total Production Volume MT |
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| Production - Colour Coating Line Tons |
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| Total Sales Volume MT |
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| Production - Steel Rolling Mill (Cold Rolled) Tons |
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Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
2h - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
- Closure of Trading Window 26 Mar
-
Proposed Capacity Expansion For Production Of Cold Rolled Coils At Haldia, West Bengal
25 Mar - Add 2,50,000 tpa via 6-Hi cold rolling mill; total 3,70,000 tpa; ~Rs100 crore; by Q4 FY2027-28.
-
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
17 Mar - Four ordinary resolutions passed (17-Mar-2026): material related-party transactions approved for FY2026-27 with group entities.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
13 Feb - Newspaper publication pertaining to Notice of Postal Ballot of the Company dated 31st January, 2026
Annual reports
-
Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
Group Overview:[1]
The Manaksia Group is a global enterprise engaged in manufacturing flat and long metal products (steel and aluminium), kraft paper, and engineered products such as caps and closures. It operates plants in India, Nigeria, and Ghana, with a strong domestic presence and exports to Bhutan, Africa, and Europe.