Manaksia Steels

Why is Manaksia Steels Ltd falling/rising?

As of 02-Aug, Manaksia Steels Ltd's stock price is rising to 68.97, driven by strong financial performance, including a 101.04% increase in net profit and a low Debt to EBITDA ratio of 1.98. Despite recent declines, the stock has shown significant long-term growth, outperforming its sector and indicating positive investor sentiment.

As of 02-Aug, Manaksia Steels Ltd's stock price is rising, currently at 68.97, with a change of 1.4 (2.07%) upward. This increase can be attributed to several positive factors. The company has demonstrated a strong ability to service its debt, evidenced by a low Debt to EBITDA ratio of 1.98 times. Additionally, the company reported a remarkable growth in net profit of 101.04%, along with positive results for the last four consecutive quarters. The profit before tax (PBT) for the most recent quarter has grown significantly by 340.9% compared to the previous four-quarter average, and the return on capital employed (ROCE) is at a high of 14.68%.<BR><BR>Furthermore, the stock has outperformed its sector by 0.97% today, indicating strong market performance. The delivery volume has also increased by 2.2% against the five-day average, suggesting rising investor participation. Although the stock has experienced declines over the past week and month, its long-term performance remains strong, with a 61.48% increase over the past three years and a 104.36% rise over the last five years. The stock is trading at a fair value compared to its peers, and its profits have surged by 291.8% over the past year, contributing to the positive sentiment around the stock.

Which are the latest news on Manaksia Steels?

How big is Manaksia Steels?

As of 10th June, Manaksia Steels Ltd has a market capitalization of 442.00 Cr, with recent net sales of 1131.10 Cr and a net profit of 39.92 Cr. The latest balance sheet shows shareholder's funds of 289.36 Cr and total assets of 536.53 Cr.

As of 10th June, Manaksia Steels Ltd has a market capitalization of 442.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Manaksia Steels reported Net Sales of 1131.10 Cr and a Net Profit of 39.92 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, showing Shareholder's Funds of 289.36 Cr and Total Assets of 536.53 Cr.

Who are in the management team of Manaksia Steels?

The management team of Manaksia Steels includes Varun Agrawal (Managing Director), A K Chakraborty, K K Chaudhuri, Nidhi Baheti (Independent Non-Executive Woman Director), Mrinal Kanti Pal, Suresh Kumar Agrawal, and Ramesh Kumar Maheshwari (all Non-Executive Directors).

The management team of Manaksia Steels includes the following individuals:<BR><BR>1. **Varun Agrawal** - Managing Director<BR>2. **A K Chakraborty** - Independent Non-Executive Director<BR>3. **K K Chaudhuri** - Independent Non-Executive Director<BR>4. **Nidhi Baheti** - Independent Non-Executive Woman Director<BR>5. **Mrinal Kanti Pal** - Non-Executive Director<BR>6. **Suresh Kumar Agrawal** - Non-Executive Director<BR>7. **Ramesh Kumar Maheshwari** - Non-Executive Director<BR><BR>If you need more information about any specific member or their roles, feel free to ask!

Who are the peers of the Manaksia Steels?

Manaksia Steels' peers include Prakash Industri, Mukand, S.A.L Steel, VISA Chrome, Neetu Yoshi, Vraj Iron, Scan Steels, Nagpur Power, and Vaswani Industri. In terms of management risk, Manaksia Steels has an average rating, with a 1-year return of 9.74%, while S.A.L Steel leads with 223.71% and Vraj Iron lags at -33.89%.

Peers: The peers of Manaksia Steels are Prakash Industri, Mukand, S.A.L Steel, VISA Chrome, Neetu Yoshi, Vraj Iron, Scan Steels, Nagpur Power, and Vaswani Industri.<BR><BR>Quality Snapshot: Below Average management risk is observed at Prakash Industri, Mukand, S.A.L Steel, and Nagpur Power, while Average management risk is found at Manaksia Steels, Vraj Iron, Scan Steels, and Vaswani Industri. Good management risk is noted at Neetu Yoshi, and VISA Chrome does not qualify. Below Average growth is seen at Prakash Industri, Mukand, S.A.L Steel, and the rest, while Excellent growth is observed at Neetu Yoshi. Manaksia Steels, Vraj Iron, Scan Steels, Nagpur Power, and Vaswani Industri have Good capital structure, while Excellent capital structure is noted at Prakash Industri and Jainam Ferro.<BR><BR>Return Snapshot: S.A.L Steel has the highest 1-year return at 223.71%, while Vraj Iron has the lowest at -33.89%. Manaksia Steels has a 1-year return of 9.74%, which is higher than Vraj Iron but lower than S.A.L Steel. Additionally, Vraj Iron and VISA Chrome have negative six-month returns.

What does Manaksia Steels do?

Manaksia Steels Ltd manufactures steel products and operates in the Ferrous Metals industry. As of March 2026, it reported net sales of ₹333 Cr and a net profit of ₹19 Cr, with a market cap of ₹442 Cr.

Overview:<BR>Manaksia Steels Ltd is engaged in the manufacturing of steel products and operates within the Ferrous Metals industry as a Micro Cap company.<BR><BR>History:<BR>Incorporated in June 2001, Manaksia Steels Ltd was founded by Mr. Suresh Kumar Agrawal, a qualified chemical engineer. The latest quarterly results reported net sales and profit for the period ending March 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 333 Cr (Quarterly Results - Mar 2026)<BR>- Net Profit: 19 Cr (Quarterly Results - Mar 2026)<BR>- Market Cap: INR 442 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 11.00<BR>- Industry P/E: 26<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: 0.24<BR>- Return on Equity: 12.25%<BR>- Price to Book: 1.34<BR><BR>Contact Details:<BR>Address: Turner Morrison Building, 6 Lyons Range 1st Floor Kolkata West Bengal : 700001<BR>Tel: 91-33-22310050/51/52<BR>Email: investorrelmsl@manaksia.com<BR>Website: http://www.manaksiasteels.com

Should I buy, sell or hold Manaksia Steels Ltd?

Are Manaksia Steels Ltd latest results good or bad?

Manaksia Steels Ltd's Q4 FY26 results are strong, with a 63.16% year-on-year revenue growth and a net profit increase of 310.19%. However, concerns about stock performance and rising interest costs suggest investors should remain cautious about the sustainability of these improvements.

Manaksia Steels Ltd's latest results for Q4 FY26 can be considered quite strong, showcasing significant improvements in both revenue and profitability. The company reported a record revenue of ₹333.08 crores, which is a 4.79% increase from the previous quarter and a remarkable 63.16% year-on-year growth. Additionally, the net profit surged to ₹19.32 crores, reflecting a 101.04% increase quarter-on-quarter and an impressive 310.19% growth year-on-year.<BR><BR>The operating margin also saw a substantial improvement, rising to 11.40%, which is a notable increase from the previous quarter's 4.85%. This expansion indicates enhanced operational efficiency and a favorable product mix in the ferrous metals sector.<BR><BR>However, while the headline figures are impressive, there are some concerns. The stock has been trading in mildly bearish territory, down 23.57% from its 52-week high, and there are questions about the sustainability of the recent margin improvements due to historical volatility in operating margins. Additionally, the company experienced a significant increase in interest costs, which could impact future profitability.<BR><BR>Overall, the results indicate a positive trajectory, but investors should remain cautious and monitor the sustainability of these improvements in the upcoming quarters.

When is the next results date for Manaksia Steels Ltd?

The next results date for Manaksia Steels Ltd is January 31, 2026.

The next results date for Manaksia Steels Ltd is scheduled for January 31, 2026.

How has been the historical performance of Manaksia Steels?

Manaksia Steels has experienced a decline in net sales and operating profit from March 2022 to March 2025, with net sales dropping from INR 742.38 crore to INR 634.26 crore and operating profit falling from INR 61.36 crore to INR 27.32 crore. However, cash flow from operating activities improved to INR 13 crore in March 2025 after a previous negative cash flow.

Answer:<BR>The historical performance of Manaksia Steels shows a fluctuating trend in key financial metrics over the years.<BR><BR>Breakdown:<BR>Manaksia Steels' net sales have seen a decline from INR 742.38 crore in March 2023 to INR 634.26 crore in March 2025, following a peak in March 2023. The total operating income mirrored this trend, decreasing from INR 742.38 crore in March 2023 to INR 634.26 crore in March 2025. Raw material costs peaked at INR 617.77 crore in March 2023 but decreased to INR 551.74 crore by March 2025. Operating profit (PBDIT) also fell significantly from INR 61.36 crore in March 2022 to INR 27.32 crore in March 2025, reflecting a declining operating profit margin that dropped from 8.7% in March 2022 to 2.33% in March 2025. Profit before tax decreased from INR 48.93 crore in March 2022 to INR 12.00 crore in March 2025, and profit after tax followed suit, declining from INR 35.32 crore in March 2022 to INR 9.75 crore in March 2025. The company's total liabilities increased from INR 420.11 crore in March 2023 to INR 536.53 crore in March 2025, while total assets rose from INR 420.11 crore to INR 536.53 crore in the same period. Cash flow from operating activities showed a recovery to INR 13 crore in March 2025 after a negative cash flow in the previous year, indicating some improvement in operational efficiency.

Is Manaksia Steels overvalued or undervalued?

As of November 17, 2025, Manaksia Steels is considered undervalued with a PE ratio of 23.76 and strong growth potential, outperforming peers like JSW Steel and Jindal Steel, and delivering a 78.91% return over three years compared to the Sensex's 37.57%.

As of 17 November 2025, the valuation grade for Manaksia Steels has moved from expensive to attractive, indicating a significant shift in its perceived value. The company is currently considered undervalued, with a price-to-earnings (PE) ratio of 23.76, an EV to EBITDA ratio of 12.69, and a PEG ratio of 0.49, suggesting strong growth potential relative to its price. <BR><BR>In comparison to its peers, Manaksia Steels stands out as more attractively valued than JSW Steel, which has a PE ratio of 46.87, and Jindal Steel, with a PE ratio of 27.76. Additionally, Tata Steel, also rated attractive, has a higher PE ratio of 29.08, further supporting the notion that Manaksia Steels is undervalued in its sector. Notably, the company's stock has outperformed the Sensex over various periods, including a 78.91% return over three years compared to the Sensex's 37.57%, reinforcing its investment appeal.

Who are the top shareholders of the Manaksia Steels?

The top shareholders of Manaksia Steels include promoter Payal Agrawal with 19.51%, individual investors with 19.6%, and Shree Bahubali Stock Broking Limited holding 1.1%. There are no pledged promoter holdings, and the company has one foreign institutional investor, with no mutual funds currently invested.

The top shareholders of Manaksia Steels include the promoters, with Payal Agrawal holding the highest stake at 19.51%. Additionally, individual investors collectively hold 19.6% of the shares. Among public shareholders, Shree Bahubali Stock Broking Limited is notable with a holding of 1.1%. There are no pledged promoter holdings, and the company has one foreign institutional investor (FII) involved. Mutual funds do not currently hold any shares in the company.

What is the technical trend for Manaksia Steels?

As of June 2, 2025, Manaksia Steels shows a mildly bearish trend, with conflicting indicators such as a bullish weekly MACD and a bearish monthly RSI, while moving averages and Bollinger Bands suggest limited upward potential.

As of 2 June 2025, the technical trend for Manaksia Steels has changed from sideways to mildly bearish. The weekly MACD remains bullish, but the monthly MACD is mildly bearish, indicating a divergence in short-term and long-term momentum. The RSI shows a bearish signal on the monthly timeframe, while the weekly RSI has no signal. Moving averages on the daily chart are mildly bearish, reinforcing the current trend. Bollinger Bands indicate a mildly bullish stance on both weekly and monthly timeframes, suggesting some potential for upward movement despite the overall bearish trend. KST is bullish weekly but mildly bearish monthly, further complicating the outlook. Overall, the current technical stance is mildly bearish, with key indicators like the monthly MACD and daily moving averages driving this assessment.

Has Manaksia Steels declared dividend?

No Dividend History Available