Manaksia Steels Ltd

₹ 98.5 -0.29%

01 Sep 12:36 p.m.

manaksiasteels.com BSE: 539044 NSE: MANAKSTEEL

About

Incorporated in 2001, Manaksia Steels
Ltd manufactures and export coated steel products, offering a wide range of value added steel solutions. ^[1]

Key Points

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.

Website BSE NSE

Market Cap ₹ 646 Cr.
Current Price ₹ 98.5
High / Low ₹ 104 / 44.2
Stock P/E 11.9
Book Value ₹ 51.7
Dividend Yield 0.00 %
ROCE 13.4 %
ROE 11.8 %
Face Value ₹ 1.00

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Pros

Company has reduced debt.
Company is expected to give good quarter

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Company has a low return on equity of 8.37% 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

Commodities Metals & Mining Ferrous Metals Iron & Steel

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	206	155	119	153	156	95	142	190	201	244	298	310	302
	194	146	114	146	154	99	137	182	191	233	284	274	270
Operating Profit	12	8	5	7	3	-3	5	8	10	11	14	37	33
OPM %	6%	5%	4.4%	4.5%	1.7%	-3.6%	3.7%	4.0%	5.0%	4.6%	4.8%	12%	11%
	3	4	6	4	4	9	0	1	3	1	3	-2	4
Interest	1	0	3	4	2	1	2	3	3	4	2	7	3
Depreciation	1	1	1	1	1	1	1	1	2	3	3	3	3
Profit before tax	13	11	8	7	4	3	2	4	8	6	12	25	30
Tax %	24%	23%	21%	20%	37%	22%	-50%	-5%	23%	29%	25%	27%	26%
	10	9	6	5	2	2	3	4	6	4	9	19	22
EPS in Rs	1.56	1.32	0.94	0.80	0.36	0.36	0.41	0.66	0.97	0.61	1.39	2.86	3.42
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	329	289	334	494	689	488	388	505	641	632	584	1,053	1,154
	313	272	309	459	666	473	360	466	624	600	572	981	1,060
Operating Profit	16	17	25	35	23	14	28	39	17	32	12	72	95
OPM %	4.8%	6%	8%	7%	3.4%	3.0%	7%	8%	2.7%	5%	2.1%	7%	8%
	6	1	2	2	2	3	6	8	7	18	14	4	5
Interest	3	2	4	4	3	2	1	1	2	7	8	16	17
Depreciation	8	7	8	7	5	6	6	6	5	5	5	9	11
Profit before tax	11	8	15	27	17	10	27	41	16	39	13	51	73
Tax %	26%	39%	37%	37%	38%	11%	27%	27%	23%	22%	7%	26%
	8	5	9	17	10	9	20	30	13	30	12	38	54
EPS in Rs	1.25	0.76	1.39	2.54	1.57	1.33	3.00	4.51	1.93	4.61	1.79	5.82	8.28
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	14%
5 Years:	22%
3 Years:	18%
TTM:	84%

Compounded Profit Growth
10 Years:	23%
5 Years:	15%
3 Years:	49%
TTM:	245%

Stock Price CAGR
10 Years:	27%
5 Years:	22%
3 Years:	26%
1 Year:	67%

Return on Equity
10 Years:	8%
5 Years:	8%
3 Years:	8%
Last Year:	12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	7	7	7	7	7	7	7	7	7	7	7	7
Reserves	142	147	153	170	180	187	212	251	275	302	300	332
	45	54	58	93	0	42	64	8	46	183	206	151
	36	42	36	88	95	61	22	24	29	54	33	104
Total Liabilities	229	249	254	357	281	296	305	290	357	546	545	594
	68	62	55	50	49	47	43	39	40	49	52	141
CWIP	1	1	2	3	0	2	0	5	7	32	93	33
Investments	0	0	0	32	42	35	49	77	154	234	152	110
	160	186	197	273	190	212	212	168	155	231	248	311
Total Assets	229	249	254	357	281	296	305	290	357	546	545	594

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	95	-5	10	-15	101	-6	34	-2	29	-49	13	62
	-1	-1	-12	-26	-5	-22	-72	59	-67	-84	-19	3
	-87	7	-1	31	-96	39	21	-57	35	131	12	-70
Net Cash Flow	7	1	-3	-9	0	11	-16	1	-2	-3	6	-5
Free Cash Flow	93	-6	9	-18	99	-9	34	-9	21	-88	-53	25
CFO/OP	631%	-6%	56%	-3%	471%	-11%	145%	24%	190%	-137%	125%	101%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	63	115	102	69	43	32	16	14	8	15	24	22
Inventory Days	87	80	67	112	45	76	98	75	60	92	96	63
Days Payable	30	40	22	67	50	43	12	8	8	6	14	21
Cash Conversion Cycle	120	155	148	113	38	64	102	81	61	101	105	64
Working Capital Days	71	85	87	53	44	45	22	94	33	-20	-7	43
ROCE %	6%	5%	9%	12%	8%	5%	10%	14%	6%	11%	4%	13%

Insights

In beta

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Installed Capacity (Total Manufacturing)
MTPA

	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx
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Number of Employees
count

Exports Share of Revenue
%

Combined Capacity Utilization
%

Colour Coated Sheets Share of Revenue
%

Top 10 Customers Share of Sales
%

Sales Volume (Manufacturing Tonnage)
MT

Distributor Network
count

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.75%	74.75%	74.75%	74.75%	74.75%	74.75%	74.75%	74.75%	74.75%	74.75%	74.75%	74.75%
	0.96%	0.88%	0.78%	0.73%	0.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.63%	0.63%	0.63%	0.63%	0.63%	0.63%	0.63%
	24.29%	24.37%	24.48%	24.52%	24.61%	24.63%	24.62%	24.62%	24.62%	24.63%	24.61%	24.61%
No. of Shareholders	27,599	27,853	34,560	33,442	32,443	31,797	31,413	30,358	29,488	27,970	27,638	26,898

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	64.92%	64.92%	69.84%	74.75%	74.75%	74.75%	74.75%	74.75%	74.75%	74.75%	74.75%
	0.00%	1.88%	6.18%	1.28%	1.28%	0.10%	0.12%	0.78%	0.00%	0.00%	0.00%
	0.03%	0.00%	0.01%	0.00%	0.00%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.63%	0.63%	0.63%
	35.05%	33.20%	23.97%	23.97%	23.97%	25.15%	25.12%	24.48%	24.62%	24.61%	24.61%
No. of Shareholders	24,627	23,982	22,742	22,101	21,613	26,996	27,096	34,560	31,413	27,638	26,898

* 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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Manaksia Steels Ltd

Manaksia Steels Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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