Manaksia Steels Ltd

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

Manaksia Steels Ltd

₹ 56.9 1.99%
25 Apr 1:55 p.m.
manaksiasteels.com BSE: 539044 NSE - BE : MANAKSTEEL
About

Incorporated in 2001, Manaksia Steels
Ltd manufactures value-added secondary
steel products[1]

Key Points

Busienss Overview:[1]
MSL is a flagship company of the Manaksia Group. It is an ISO 9001: 2015 accredited, multi-location, multi–product, light engineering company in the field of Metal Products and Metal Formation.

Website BSE NSE - BE
  • Market Cap ₹ 373 Cr.
  • Current Price ₹ 56.9
  • High / Low ₹ 107 / 36.1
  • Stock P/E 13.3
  • Book Value ₹ 47.8
  • Dividend Yield 0.00 %
  • ROCE 5.88 %
  • ROE 4.28 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.
  • Stock is trading at 1.19 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 5.39% over past five years.
  • Company has a low return on equity of 8.19% over last 3 years.
  • Earnings include an other income of Rs.15.8 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

Standalone Figures in Rs. Crores / View Consolidated

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
95.23 99.27 113.99 88.96 133.01 168.56 168.40 133.58 129.35 210.15 205.51 154.56 118.92
88.41 89.40 101.14 83.54 125.13 155.92 165.39 129.62 127.32 202.09 193.61 146.14 113.68
Operating Profit 6.82 9.87 12.85 5.42 7.88 12.64 3.01 3.96 2.03 8.06 11.90 8.42 5.24
OPM % 7.16% 9.94% 11.27% 6.09% 5.92% 7.50% 1.79% 2.96% 1.57% 3.84% 5.79% 5.45% 4.41%
1.78 0.04 2.78 3.05 1.15 1.25 0.06 2.24 3.45 1.49 3.33 4.50 6.46
Interest 0.21 0.18 0.22 0.09 0.09 0.41 0.10 0.43 0.61 1.33 0.59 0.46 2.66
Depreciation 1.47 1.45 1.42 1.43 1.42 1.36 1.39 1.39 1.32 1.28 1.29 1.22 1.32
Profit before tax 6.92 8.28 13.99 6.95 7.52 12.12 1.58 4.38 3.55 6.94 13.35 11.24 7.72
Tax % 24.28% 28.99% 25.38% 26.76% 17.55% 35.48% 34.81% 22.37% 20.56% 22.33% 23.52% 23.13% 20.73%
5.25 5.87 10.44 5.09 6.20 7.82 1.03 3.40 2.82 5.40 10.20 8.64 6.13
EPS in Rs 0.80 0.90 1.59 0.78 0.95 1.19 0.16 0.52 0.43 0.82 1.56 1.32 0.94
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
0 0 213 329 289 334 494 689 488 388 505 641 689
0 0 194 313 272 309 459 666 473 360 466 624 656
Operating Profit -0 0 19 16 17 25 35 23 14 28 39 17 34
OPM % 9% 5% 6% 8% 7% 3% 3% 7% 8% 3% 5%
0 0 5 6 1 2 2 2 3 6 8 7 16
Interest 0 0 6 3 2 4 4 3 2 1 1 2 5
Depreciation 0 0 2 8 7 8 7 5 6 6 6 5 5
Profit before tax -0 0 15 11 8 15 27 17 10 27 41 16 39
Tax % 0% 32% 26% 39% 37% 37% 38% 11% 27% 27% 23%
-0 0 11 8 5 9 17 10 9 20 30 13 30
EPS in Rs -4.00 0.00 210.40 1.25 0.76 1.39 2.54 1.57 1.33 3.00 4.51 1.93 4.64
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 5%
3 Years: 10%
TTM: 15%
Compounded Profit Growth
10 Years: %
5 Years: -7%
3 Years: 14%
TTM: 87%
Stock Price CAGR
10 Years: %
5 Years: 25%
3 Years: 33%
1 Year: 55%
Return on Equity
10 Years: 7%
5 Years: 7%
3 Years: 8%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0 0 0 7 7 7 7 7 7 7 7 7 7
Reserves -0 -0 140 142 147 153 170 180 187 212 251 275 306
0 0 128 45 54 58 93 0 42 64 8 46 11
0 0 71 36 42 36 88 95 61 22 24 29 27
Total Liabilities 0 0 340 229 249 254 357 281 296 305 290 357 351
0 0 73 68 62 55 50 49 47 43 39 40 44
CWIP 0 0 2 1 1 2 3 0 2 0 5 7 14
Investments 0 0 0 0 0 0 32 42 35 49 77 154 199
0 0 265 160 186 197 273 190 212 212 168 155 95
Total Assets 0 0 340 229 249 254 357 281 296 305 290 357 351

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-97 95 -5 10 -15 101 -6 34 -2 29
-7 -1 -1 -12 -26 -5 -22 -72 59 -67
119 -87 7 -1 31 -96 39 21 -57 35
Net Cash Flow 15 7 1 -3 -9 0 11 -16 1 -2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 130 63 115 102 69 43 32 16 14 8
Inventory Days 305 87 80 67 112 45 76 98 75 60
Days Payable 114 30 40 22 67 50 43 12 8 8
Cash Conversion Cycle 321 120 155 148 113 38 64 102 81 61
Working Capital Days 321 121 153 150 121 44 75 81 99 67
ROCE % -133% 0% 16% 6% 5% 9% 12% 8% 5% 10% 14% 6%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.75% 74.75% 74.75% 74.75% 74.75% 74.75% 74.75% 74.75% 74.75% 74.75% 74.75% 74.75%
1.29% 0.13% 0.17% 0.10% 0.13% 0.20% 0.10% 0.12% 0.73% 0.96% 0.88% 0.78%
0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
23.96% 25.13% 25.08% 25.15% 25.12% 25.05% 25.15% 25.12% 24.51% 24.29% 24.37% 24.48%
No. of Shareholders 23,31822,86623,45326,99629,25328,86028,18627,09626,98527,59927,85334,560

* 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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