Manaksia Steels Reports Strong Financial Metrics Amid Rising Debt Concerns

Manaksia Steels, operating within the Ferrous Metals industry, has recently undergone an evaluation adjustment that reflects notable changes in its financial metrics. The company reported a positive financial performance for the quarter ending June 2025, with several key indicators reaching their highest levels. Notably, the operating profit to interest ratio stood at 3.91 times, while cash and cash equivalents were recorded at Rs 30.44 crore. Additionally, net sales reached Rs 217.49 crore, and profit before depreciation, interest, and tax (PBDIT) was reported at Rs 10.75 crore. Despite these positive developments, certain challenges remain. The interest expense over the latest six months has grown significantly, reaching Rs 6.15 crore, while the return on capital employed (ROCE) was noted at a lower level of 4.29%. The debt-equity ratio also reflects a higher figure at 0.71 times, indicating a more leveraged position. Overall, the recent evaluation adjustment for Manaksia Steels highlights a mix of strong performance indicators alongside areas that require attention. Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.