Manaksia Steels Experiences Quality Grade Change Amidst Mixed Financial Metrics and Industry Comparison

Manaksia Steels, a microcap player in the ferrous metals industry, has recently undergone a quality adjustment in its evaluation. The company has demonstrated a sales growth of 8.20% over the past five years, alongside an EBIT growth of 5.62%. Its EBIT to interest ratio stands at 9.85, indicating a reasonable ability to cover interest expenses. However, the company's debt metrics reveal a debt to EBITDA ratio of 3.54 and a net debt to equity ratio of 0.10, which may raise concerns regarding leverage.
In terms of operational efficiency, Manaksia Steels has a sales to capital employed ratio of 1.89 and a tax ratio of 18.46%. The company's return on capital employed (ROCE) is recorded at 10.32%, while the return on equity (ROE) is at 8.49%.

When compared to its peers, Manaksia Steels shares the below-average quality designation with several companies in the sector, including Cosmic CRF and Steel Exchange. In contrast, firms like Hariom Pipe and Scoda Tubes maintain an average standing, highlighting a competitive landscape where operational performance and financial health vary significantly among industry players.