NSE: MANAKCOAT · BSE: 539046 · ISIN INE830Q01018
Manaksia Coated Metals & Industries Limited stock analysis
Manaksia Coated Metals & Industries Limited ranks #3788 in the TickerSutra evidence-ranked universe with a score of 38/100 and 95% data confidence. The latest captured fundamentals show ROCE of 17.8%, quarterly sales growth of 4.9% and quarterly profit growth of 0.6%.Avoid / exit review
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- CFO/EBITDA is below 0.6×
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹648cr | ₹35cr | ₹9cr | 5.0% |
| 2023 | ₹652cr | ₹33cr | ₹9cr | 5.0% |
| 2024 | ₹740cr | ₹51cr | ₹11cr | 7.0% |
| 2025 | ₹782cr | ₹54cr | ₹15cr | 7.0% |
| 2026 | ₹884cr | ₹80cr | ₹41cr | 9.0% |
| TTM | ₹897cr | ₹84cr | ₹41cr | 9.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
please find enclosed
RoutineAnalysts/Institutional Investor Meet/Con. Call UpdatesNSE · 29 Sept 2026Manaksia Coated Metals & Industries Limited has informed the Exchange about outcome
RoutineTrading WindowBSE · 25 Sept 2026Manaksia Coated Metals & Industries Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
RoutineManaksia Coated Metals & Industries Ltd - 539046 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationBSE · 22 Sept 2026Please find enclosed
RoutineShareholders meetingNSE · 19 Sept 2026Manaksia Coated Metals & Industries Limited has informed the Exchange with copy of minutes of Annual General Meeting held on September 03, 2026
MANAGEMENT COMMENTARY
Signals from filed documents
Profit After Tax increased by 164.00% to H40.69 crore, while Earnings Per Share rose by 109% to H4.32 per share. This strong bottom- line performance was reinforced by continued deleveraging: the debt- equity ratio improved to 1.13x from 1.81x and the interest coverage ratio strengthened to 2.85x from 1.63x. While Net Debt / EBIDTA is 1.06 from 1.93x — reaching the Company’s targeted level of close to 1x — reducing t
The margin expansion was primarily driven by increased sales of the Company’s highest value-added products, particularly pre-painted steel coils, higher utilization of the colour coating line, which operated at approximately 97% capacity, and a growing contribution from premium customer segments and exports. Price realisation per tonne also improved, rising to H82,193 in FY26 from H73,622 in FY25, with EBITDA per ton
As industries across continents place their trust in our solutions, we are forging stronger global connections and reinforcing our position as a reliable partner. As we strengthened our manufacturing capabilities and expanded our production capacity to 180,000 MTPA, we enhanced our ability to address the evolving needs of customers across domestic and international markets. The successful commercialisation of our adv
This is expected to create a favourable environment for the steel and value-added steel industries. 60 61 CORPORATE OVERVIEW STATUTORY REPORTS FINANCIAL STATEMENTS Industry Overview Global Steel Industry Global crude steel production remained under pressure during CY 2025 due to weak demand in several major economies and adjustments in manufacturing activity. According to the World Steel Association, global crude ste
EBITDA increased significantly by 49% to H92.21 crore, with EBITDA margin improving to 10.29% from 7.83% in FY25. The margin expansion was primarily driven by increased sales of the Company’s highest value-added products, particularly pre-painted steel coils, higher utilization of the colour coating line, which operated at approximately 97% capacity, and a growing contribution from premium customer segments and expor
Disciplined financial management reduced net debt to H81 crores and improved the debt-equity ratio to 1.13x from 1.81x. These decisions enabled us to deliver record revenue, EBITDA and profit despite volatility in freight, energy and raw material costs. They reflect the strength of our operating model, calibrated pricing and sustained improvements in operational efficiency.
Their versatility and durability make them a preferred choice for customers seeking high- performance and cost-effective steel solutions. Capacity Utilisation Production Volume 71.55 % 103,036 MT Capacity Utilisation Shares in Total Sales Volume Production Volume 97.20 % ~80 % 83,594 MT The Company continues to strengthen its position in the Alu-Zinc segment through continuous product innovation, quality enhancement
Imports declined 31.7%, enabling India to regain its status as a net exporter of steel. Export growth reflected broader market diversification and improved competitiveness of Indian steel products. Capacity expansion remained a key industry focus.
The planned Cold Rolling Mill complex will incorporate a process acid recycling facility, improving resource efficiency and long-term economics while enhancing our market position. STRENGTH FROM WITHIN As we expand our manufacturing platform, strengthening backward integration becomes a natural priority. Our planned 3,60,000 MTPA Cold Rolling Mill complex, targeted for FY28 with an estimated investment of H200 crore,
2018 PRODUCTION INTEGRATION: We commenced production from our Continuous Galvanising Line in Kutch and introduced our galvanised steel brands, Zingalvo and Singham. 2020 CHEMICAL PLANT COMMISSIONING: We established a manufacturing facility in Bhopal to produce Ultramarine Blue Powder. 2022 CAPACITY ENHANCEMENT: We upgraded our production lines, increasing installed capacity to 1,32,000 MTPA for galvanised steel and 8
Corporate Social Responsibility (CSR) initiatives and partnerships. Government and regulatory bodies To maintain statutory and regulatory compliance, and alignment with evolving steel-sector and trade policy, thereby contributing to industry and policy dialogue. Statutory filings and stock-exchange disclosures (SEBI / BSE / NSE).
9 of the Notice for approval of the members. 10 On recommendation of Audit Committee and Nomination & Remuneration Committee and as approved by the Board of Directors of the Company for increase in the remuneration of Mr. Tushar Agrawal (Senior Vice-President), relative of Mr.
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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