Manaksia Steels Ltd

Manaksia Steels Ltd

₹ 57.0 1.19%
14 Jun 4:01 p.m.
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.

  • Market Cap 370 Cr.
  • Current Price 57.0
  • High / Low 107 / 37.8
  • Stock P/E 13.0
  • Book Value 45.8
  • Dividend Yield 0.00 %
  • ROCE 11.2 %
  • ROE 9.62 %
  • Face Value 1.00

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -0.20% over past five years.
  • Company has a low return on equity of 8.95% over last 3 years.
  • Earnings include an other income of Rs.15.6 Cr.
  • Working capital days have increased from 101 days to 172 days

* 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
116.71 138.03 108.56 162.58 201.75 194.37 156.38 155.88 235.75 218.23 166.33 133.60 162.91
104.18 122.51 100.77 151.64 182.86 189.91 151.83 152.05 224.54 204.79 156.55 127.39 154.91
Operating Profit 12.53 15.52 7.79 10.94 18.89 4.46 4.55 3.83 11.21 13.44 9.78 6.21 8.00
OPM % 10.74% 11.24% 7.18% 6.73% 9.36% 2.29% 2.91% 2.46% 4.76% 6.16% 5.88% 4.65% 4.91%
1.37 2.78 3.05 1.15 1.24 0.07 2.24 3.46 1.50 2.73 4.53 5.54 2.77
Interest 0.33 0.32 0.25 0.37 0.62 0.41 0.85 0.88 1.79 0.72 0.68 2.96 3.85
Depreciation 2.74 2.76 2.73 2.73 2.65 2.64 2.68 2.54 2.42 1.97 1.83 1.83 1.34
Profit before tax 10.83 15.22 7.86 8.99 16.86 1.48 3.26 3.87 8.50 13.48 11.80 6.96 5.58
Tax % 28.53% 26.74% 25.83% 11.57% 38.37% 54.73% 24.54% 26.61% 26.71% 24.70% 24.49% 30.75% 19.35%
7.75 11.15 5.83 7.95 10.39 0.66 2.46 2.84 6.22 10.15 8.92 4.81 4.51
EPS in Rs 1.18 1.70 0.89 1.21 1.59 0.10 0.38 0.43 0.95 1.55 1.36 0.73 0.69
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
503 688 536 504 611 742 681
472 667 517 465 558 718 644
Operating Profit 32 20 19 39 53 24 37
OPM % 6% 3% 4% 8% 9% 3% 6%
2 4 3 7 8 7 16
Interest 4 3 2 2 2 4 8
Depreciation 8 6 9 10 11 10 7
Profit before tax 22 16 11 34 49 17 38
Tax % 30% 48% 18% 23% 28% 29% 25%
16 8 9 27 35 12 28
EPS in Rs 2.38 1.27 1.31 4.05 5.39 1.86 4.33
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 0%
3 Years: 11%
TTM: -8%
Compounded Profit Growth
10 Years: %
5 Years: 29%
3 Years: 5%
TTM: 154%
Stock Price CAGR
10 Years: %
5 Years: 26%
3 Years: 30%
1 Year: 43%
Return on Equity
10 Years: %
5 Years: 9%
3 Years: 9%
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 7 7 7 7 7 7 7
Reserves 169 179 185 216 260 284 294
96 3 61 67 10 49 186
104 147 151 58 74 81 34
Total Liabilities 375 335 403 348 350 420 520
69 68 99 88 77 72 59
CWIP 6 28 3 0 5 7 32
Investments 7 17 11 25 52 129 185
295 223 291 235 216 212 244
Total Assets 375 335 403 348 350 420 520

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-10 130 -4 36 -1 24 -52
-22 -36 -26 -68 59 -63 -84
34 -96 53 5 -59 35 130
Net Cash Flow 2 -2 23 -27 -1 -4 -7

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 69 44 30 14 18 8 14
Inventory Days 117 55 116 84 84 74 91
Days Payable 75 80 110 10 10 9 7
Cash Conversion Cycle 111 19 37 88 92 73 99
Working Capital Days 113 25 45 45 75 57 172
ROCE % 8% 5% 13% 17% 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.

Click on the line-items to see the names of individual entities.

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