How has been the historical performance of Manaksia Steels?

Jul 28 2025 10:42 PM IST
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Manaksia Steels has experienced declining financial performance, with net sales dropping from INR 742.38 crore in March 2023 to INR 634.26 crore in March 2025, and significant reductions in operating profit, profit before tax, and earnings per share. Additionally, total liabilities increased while cash flow from operating activities turned negative in March 2024.
Answer:
The historical performance of Manaksia Steels shows a fluctuating trend in key financial metrics over the years.

Breakdown:
Manaksia Steels' net sales have seen a decline from INR 742.38 crore in March 2023 to INR 634.26 crore in March 2025, with a peak of INR 742.38 crore in March 2023. The total operating income followed a similar trend, decreasing from INR 742.38 crore in March 2023 to INR 634.26 crore in March 2025. The raw material cost has also decreased slightly from INR 617.77 crore in March 2023 to INR 551.74 crore in March 2025. Operating profit (PBDIT) has significantly dropped from INR 61.36 crore in March 2022 to INR 27.32 crore in March 2025, indicating a decline in profitability. Profit before tax has decreased from INR 48.93 crore in March 2022 to INR 12.00 crore in March 2025, while profit after tax has also fallen from INR 35.32 crore in March 2022 to INR 9.75 crore in March 2025. The earnings per share (EPS) have decreased from INR 5.39 in March 2022 to INR 1.49 in March 2025. On the balance sheet, total liabilities increased from INR 420.11 crore in March 2023 to INR 520.00 crore in March 2024, while total assets also rose from INR 420.11 crore to INR 520.00 crore in the same period. Cash flow from operating activities turned negative in March 2024 at INR -52.00 crore, contrasting with a positive cash flow of INR 24.00 crore in March 2023. Overall, the financial performance of Manaksia Steels reflects challenges in maintaining sales and profitability, alongside increasing liabilities.
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