Manaksia Steels Ltd

₹ 72.4 4.99%

26 May - close price

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 - BE

Market Cap ₹ 469 Cr.
Current Price ₹ 72.4
High / Low ₹ 87.1 / 44.2
Stock P/E 11.8
Book Value ₹ 49.7
Dividend Yield 0.00 %
ROCE 14.4 %
ROE 13.0 %
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 8.72% 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

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	236	218	166	134	163	165	104	160	204	217	263	318	333
	225	205	157	127	155	162	108	155	195	207	250	302	295
Operating Profit	11	13	10	6	8	3	-3	6	9	11	12	15	38
OPM %	5%	6%	6%	5%	5%	2%	-3%	4%	4%	5%	5%	5%	11%
	2	3	5	6	3	3	8	-0	1	3	1	3	-2
Interest	2	1	1	3	4	2	1	2	3	3	4	2	7
Depreciation	2	2	2	2	1	1	2	2	2	2	3	3	3
Profit before tax	8	13	12	7	6	3	2	2	5	9	6	13	26
Tax %	27%	25%	24%	31%	19%	51%	36%	-10%	3%	25%	31%	24%	27%
	6	10	9	5	5	2	1	2	5	6	4	10	19
EPS in Rs	0.95	1.55	1.36	0.73	0.69	0.25	0.17	0.35	0.72	0.99	0.69	1.47	2.95
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	503	688	536	504	611	742	681	634	1,131
	472	667	517	465	558	718	644	619	1,055
Operating Profit	32	20	19	39	53	24	37	15	77
OPM %	6%	3%	4%	8%	9%	3%	6%	2%	7%
	2	4	3	7	8	7	16	12	4
Interest	4	3	2	2	2	4	8	8	16
Depreciation	8	6	9	10	11	10	7	6	11
Profit before tax	22	16	11	34	49	17	38	12	54
Tax %	30%	48%	18%	23%	28%	29%	25%	19%	26%
	16	8	9	27	35	12	28	10	40
EPS in Rs	2.38	1.27	1.31	4.05	5.39	1.86	4.33	1.49	6.09
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	%
5 Years:	18%
3 Years:	15%
TTM:	78%

Compounded Profit Growth
10 Years:	%
5 Years:	10%
3 Years:	53%
TTM:	300%

Stock Price CAGR
10 Years:	24%
5 Years:	24%
3 Years:	25%
1 Year:	17%

Return on Equity
10 Years:	%
5 Years:	9%
3 Years:	9%
Last Year:	13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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
Reserves	169	179	185	216	260	284	294	283	319
	96	3	61	67	10	49	186	206	151
	104	147	151	58	74	81	34	42	115
Total Liabilities	375	335	403	348	350	420	520	537	593
	69	75	99	88	77	72	59	62	152
CWIP	6	28	3	0	5	7	32	93	33
Investments	7	17	11	25	52	129	185	129	86
	295	216	291	235	216	212	244	253	322
Total Assets	375	335	403	348	350	420	520	537	593

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-10	130	-4	36	-1	24	-52	14	62
	-22	-36	-26	-68	59	-63	-81	-21	3
	34	-96	53	5	-59	35	130	9	-70
Net Cash Flow	2	-2	23	-27	-1	-4	-3	2	-6
Free Cash Flow	-35	97	-15	36	-7	16	-91	-55	24
CFO/OP	11%	676%	3%	108%	20%	117%	-124%	108%	95%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	69	44	30	14	18	8	14	22	21
Inventory Days	117	55	116	84	84	74	91	93	63
Days Payable	75	80	110	10	10	9	7	14	22
Cash Conversion Cycle	111	19	37	88	92	73	99	101	62
Working Capital Days	45	24	5	-3	69	27	-5	-9	40
ROCE %		8%	5%	13%	17%	6%	11%	4%	14%

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 ・Standalone data

	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx
	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx
	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xx,xxx	xxx,xxx	xxx,xxx	xxx,xxx
			xx	xx	xx	xx	xx	xx	xx	xx
xx,xxx.xx	xx,xxx.xx				xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx
xx,xxx.xx	xx,xxx.xx				xx,xxx.xx	xx,xxx.xx	xx,xxx.xx		xx,xxx.xx	xx,xxx.xx
xx,xxx.xx	xx,xxx.xx				xx,xxx.xx	xx,xxx.xx	xx,xxx.xx		xx,xxx.xx	xx,xxx.xx
xx,xxx	xx,xxx					xx,xxx	xx,xxx		xx,xxx	xx,xxx

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Installed Capacity - Galvanizing Plant (Haldia)
MTPA ・Standalone data

Installed Capacity - Steel Cold Rolling Mill (Haldia)
MTPA ・Standalone data

Total Capacity Utilization
% ・Standalone data

Total Production Volume
MT ・Standalone data

Production - Colour Coating Line
Tons ・Standalone data

Total Sales Volume
MT ・Standalone data

Production - Steel Rolling Mill (Cold Rolled)
Tons ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 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%
	0.73%	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%
	24.51%	24.29%	24.37%	24.48%	24.52%	24.61%	24.63%	24.62%	24.62%	24.62%	24.63%	24.61%
No. of Shareholders	26,985	27,599	27,853	34,560	33,442	32,443	31,797	31,413	30,358	29,488	27,970	27,638

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	64.92%	64.92%	69.84%	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%
	0.03%	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%	0.63%	0.63%
	35.05%	33.20%	23.97%	23.97%	23.97%	25.15%	25.12%	24.48%	24.62%	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

* 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

Documents

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Annual reports

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