Manaksia Steels Ltd

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

Manaksia Steels Ltd

₹ 43.7 -0.75%
06 Dec 1:19 p.m.
manaksiasteels.com BSE: 539044 NSE : MANAKSTEEL
About

Manaksia Steels Limited, a part of Manaksia group, is engaged in the manufacturing of value-added secondary steel products like Cold Rolled Sheets, Galvanised Corrugated Sheets, Galvanised Plain Sheets, Colour Coated (Pre-painted) Sheets, etc.[1]

Key Points

Products Portfolio
The Company manufactures and sells value-added steel products comprising:
Cold rolled steel sheets/coils: The sheets and coils are used in downstream applications such as automobiles, home electronic appliances, hot dipped galvanized steel, and pre-painted steel products.
Hot dipped galvanized steel: It manufactures hot dipped galvanized steel for building materials, white goods, and electronic appliance industries.
Pre-painted profile sheets:The prepainted continuous color-coated line processes different substrates like galvanized steel, aluminum zinc alloy, coated steel, and aluminum. [1]
The Company launched two new profiles of color coating sheets in FY22 [2]

Website BSE NSE
  • Market Cap ₹ 287 Cr.
  • Current Price ₹ 43.7
  • High / Low ₹ 54.7 / 29.0
  • Stock P/E 10.1
  • Book Value ₹ 47.6
  • Dividend Yield 0.00 %
  • ROCE 6.37 %
  • ROE 4.01 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.
  • Stock is trading at 0.95 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 8.08% over past five years.
  • Company has a low return on equity of 9.54% 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

Sector: Steel Industry: Steel - Medium / Small

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
167.36 112.44 116.71 138.03 108.56 162.58 201.75 194.37 156.38 155.88 235.75 218.23 166.33
153.72 102.66 104.18 122.51 100.77 151.64 182.86 189.91 151.83 152.05 224.54 204.79 156.55
Operating Profit 13.64 9.78 12.53 15.52 7.79 10.94 18.89 4.46 4.55 3.83 11.21 13.44 9.78
OPM % 8.15% 8.70% 10.74% 11.24% 7.18% 6.73% 9.36% 2.29% 2.91% 2.46% 4.76% 6.16% 5.88%
2.51 1.78 1.37 2.78 3.05 1.15 1.24 0.07 2.24 3.46 1.50 2.73 4.53
Interest 0.60 0.43 0.33 0.32 0.25 0.37 0.62 0.41 0.85 0.88 1.79 0.72 0.68
Depreciation 2.43 2.53 2.74 2.76 2.73 2.73 2.65 2.64 2.68 2.54 2.42 1.97 1.83
Profit before tax 13.12 8.60 10.83 15.22 7.86 8.99 16.86 1.48 3.26 3.87 8.50 13.48 11.80
Tax % 20.81% 19.53% 28.53% 26.74% 25.83% 11.57% 38.37% 54.73% 24.54% 26.61% 26.71% 24.70% 24.49%
10.38 6.92 7.75 11.15 5.83 7.95 10.39 0.66 2.46 2.84 6.22 10.15 8.92
EPS in Rs 1.58 1.06 1.18 1.70 0.89 1.21 1.59 0.10 0.38 0.43 0.95 1.55 1.36
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
503 688 536 504 611 742 776
472 667 517 465 558 718 738
Operating Profit 32 20 19 39 53 24 38
OPM % 6% 3% 4% 8% 9% 3% 5%
2 4 3 7 8 7 12
Interest 4 3 2 2 2 4 4
Depreciation 8 6 9 10 11 10 9
Profit before tax 22 16 11 34 49 17 38
Tax % 30% 48% 18% 23% 28% 29%
16 8 9 27 35 12 28
EPS in Rs 2.38 1.27 1.31 4.05 5.39 1.86 4.29
Dividend Payout % -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: %
5 Years: 8%
3 Years: 11%
TTM: 9%
Compounded Profit Growth
10 Years: %
5 Years: -6%
3 Years: 13%
TTM: 33%
Stock Price CAGR
10 Years: %
5 Years: 12%
3 Years: 44%
1 Year: 20%
Return on Equity
10 Years: %
5 Years: 8%
3 Years: 10%
Last Year: 4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 7 7 7 7 7 7 7
Reserves 169 179 185 216 260 284 305
96 3 61 67 10 49 15
104 147 151 58 74 81 67
Total Liabilities 375 335 403 348 350 420 394
69 68 99 88 77 72 61
CWIP 6 28 3 0 5 7 14
Investments 7 17 11 25 52 129 174
295 223 291 235 216 212 145
Total Assets 375 335 403 348 350 420 394

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 69 44 30 14 18 8
Inventory Days 117 55 116 84 84 74
Days Payable 75 80 110 10 10 9
Cash Conversion Cycle 111 19 37 88 92 73
Working Capital Days 113 25 45 45 75 57
ROCE % 8% 5% 13% 17% 6%

Shareholding Pattern

Numbers in percentages

Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
74.75% 74.75% 74.75% 74.75% 74.75% 74.75% 74.75% 74.75% 74.75% 74.75% 74.75% 74.75%
1.28% 1.28% 1.29% 0.13% 0.17% 0.10% 0.13% 0.20% 0.10% 0.12% 0.73% 0.96%
0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
23.97% 23.97% 23.96% 25.13% 25.08% 25.15% 25.12% 25.05% 25.15% 25.12% 24.51% 24.29%
No. of Shareholders 21,85821,61323,31822,86623,45326,99629,25328,86028,18627,09626,98527,599

* 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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