Manaksia

Why is Manaksia Ltd falling/rising?

As of 11-Jun, Manaksia Ltd's stock price is declining, currently at Rs 57.13, down 2.36%, and has significantly underperformed the Sensex over the past month. The stock is trading below all major moving averages, indicating a bearish trend despite a rise in delivery volume.

As of 11-Jun, Manaksia Ltd's stock price is falling, currently at Rs 57.13, which reflects a decrease of Rs 1.38 or 2.36%. This decline is part of a broader trend, as the stock has underperformed the benchmark Sensex, which has only decreased by 0.71% over the past week. Over the last month, Manaksia Ltd has seen a significant drop of 6.34%, compared to the Sensex's decline of 2.87%. <BR><BR>Today, the stock has also experienced a trend reversal, falling after two consecutive days of gains. It reached an intraday low of Rs 57, marking a decrease of 2.58%. The trading volume indicates that more transactions occurred closer to this low price, suggesting a lack of strong buying interest at higher levels. Additionally, Manaksia Ltd is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which typically signals a bearish trend.<BR><BR>Despite a rise in delivery volume by 74.76% against the 5-day average, indicating increased investor participation, the overall performance today shows that the stock has underperformed its sector by 1.16%. This combination of factors contributes to the ongoing decline in Manaksia Ltd's stock price.

What does Manaksia do?

Manaksia Ltd is a micro-cap company in the Iron & Steel Products industry, specializing in galvanized steel and packaging products. As of March 2026, it reported net sales of 237 Cr and a net profit of 12 Cr, with a market cap of INR 392 Cr.

Overview:<BR>Manaksia Ltd is a micro-cap company operating in the Iron & Steel Products industry, focusing on producing galvanized steel, prepainted profiled sheets, and various metal and packaging products.<BR><BR>History:<BR>Manaksia Ltd was incorporated as 'Hindusthan Seals Limited' on December 27, 1984, and changed its name to 'Manaksia Limited' on December 4, 2003. The latest quarterly results reported net sales and profit for March 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 237 Cr (Quarterly Results - Mar 2026)<BR>- Net Profit: 12 Cr (Quarterly Results - Mar 2026)<BR>- Market Cap: INR 392 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 7.00<BR>- Industry P/E: 13<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: -0.53<BR>- Return on Equity: 7.24%<BR>- Price to Book: 0.52<BR><BR>Contact Details:<BR>Address: Turner Morrison Building, 6 Lyons Range Mezzanine Floor Kolkata West Bengal : 700001 <BR>Tel: 91-033-22310050 <BR>Email: investor.relations@manaksia.com <BR>Website: http://www.manaksia.com

Which are the latest news on Manaksia?

How big is Manaksia?

As of 10th June, Manaksia Ltd has a market capitalization of 392.00 Cr, with recent net sales of 784.08 Cr and a net profit of 52.33 Cr. The balance sheet for March 2025 shows shareholder's funds of 572.21 Cr and total assets of 713.64 Cr.

As of 10th June, Manaksia Ltd has a market capitalization of 392.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Manaksia reported Net Sales of 784.08 Cr and a Net Profit of 52.33 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, showing Shareholder's Funds of 572.21 Cr and Total Assets of 713.64 Cr.

Who are in the management team of Manaksia?

The management team of Manaksia includes K K Chaudhuri, Suresh Kumar Agrawal, Vineet Agarwal, Ramesh Kumar Maheshwari, Biswanath Bhattacharjee, Nidhi Baheti, Varun Agrawal, and Varsha Bansal, who collectively guide the company's strategy and ensure regulatory compliance.

The management team of Manaksia includes the following individuals:<BR><BR>1. **K K Chaudhuri** - Independent Non-Executive Director<BR>2. **Suresh Kumar Agrawal** - Executive Director, Managing Director, and Promoter<BR>3. **Vineet Agarwal** - Non-Executive Director<BR>4. **Ramesh Kumar Maheshwari** - Independent Non-Executive Director<BR>5. **Biswanath Bhattacharjee** - Independent Non-Executive Director<BR>6. **Nidhi Baheti** - Independent Non-Executive Director<BR>7. **Varun Agrawal** - Non-Executive Director<BR>8. **Varsha Bansal** - Company Secretary and Compliance Officer<BR><BR>This team plays a crucial role in guiding the company's strategic direction and ensuring compliance with regulatory requirements.

Who are the peers of the Manaksia?

Manaksia's peers include Scoda Tubes, Panchmahal Steel, Azad India, and others, with varying management risks and growth rates. Riddhi Steel leads in 1-year returns at 293.64%, while Scoda Tubes has the lowest at -32.34%, with Manaksia's return at -19.79%.

Peers: The peers of Manaksia are Scoda Tubes, Panchmahal Steel, Azad India, Shah Metacorp, Aerpace Indus, Suraj, Bedmutha Indus., Riddhi Steel, and Supershakti Met.<BR><BR>Quality Snapshot: Excellent management risk is observed at Azad India, while Average management risk is found at Scoda Tubes, Suraj, and Supershakti Met. Below Average management risk is noted for Panchmahal Steel, Shah Metacorp, Aerpace Indus, Bedmutha Indus., Riddhi Steel, and the rest. Growth is Excellent at Azad India, Good at Scoda Tubes and Bedmutha Indus., Average at Shah Metacorp, and the rest, while Below Average growth is seen at Panchmahal Steel, Aerpace Indus, Suraj, Riddhi Steel, and the rest. Capital Structure is Excellent at Manaksia and Supershakti Met, Good at Azad India, Average at Scoda Tubes and Panchmahal Steel, and Below Average at Shah Metacorp, Aerpace Indus, Suraj, Bedmutha Indus., and Riddhi Steel.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Riddhi Steel at 293.64%, while the lowest is Scoda Tubes at -32.34%. Manaksia's 1-year return of -19.79% is better than Scoda Tubes but worse than Riddhi Steel. Additionally, the peers with negative six-month returns include Scoda Tubes, Azad India, Suraj, Bedmutha Indus., Supershakti Met., and P S Raj Steels.

Should I buy, sell or hold Manaksia Ltd?

When is the next results date for Manaksia Ltd?

The next results date for Manaksia Ltd is 29 May 2026.

The next results date for Manaksia Ltd is scheduled for 29 May 2026.

Are Manaksia Ltd latest results good or bad?

Manaksia Ltd's latest results show a net profit increase of 32.48% quarter-on-quarter, but declining net sales and a significant drop in operating margin raise concerns about the sustainability of earnings. Overall, the results are mixed, indicating potential challenges ahead for the company.

The latest results for Manaksia Ltd present a mixed picture. On one hand, the company reported a net profit of ₹14.56 crores for Q3 FY26, which is a significant increase of 32.48% compared to the previous quarter and a 13.75% rise year-on-year. This aspect of the results is encouraging.<BR><BR>However, when delving deeper, there are several concerning trends. Net sales decreased by 3.14% quarter-on-quarter to ₹184.02 crores, and there was a year-on-year decline of 2.06%. This drop in sales is troubling, especially as it marks a significant decline from the average sales over the previous four quarters. Additionally, the operating margin, excluding other income, fell to 3.73%, the lowest in recent quarters, down from 8.87% a year ago. This indicates that the company is facing challenges in maintaining profitability from its core operations.<BR><BR>A critical concern is the heavy reliance on other income, which accounted for 82.20% of profit before tax. This raises questions about the sustainability of the company's earnings, as the core operational profit was only ₹3.69 crores. <BR><BR>Overall, while the profit figure may seem positive at first glance, the underlying operational weaknesses and declining sales suggest that the results are not entirely good. Investors should be cautious and monitor the company's performance closely in the upcoming quarters.

How has been the historical performance of Manaksia?

Manaksia has experienced a significant decline in financial performance, with net sales dropping from 1,165.45 Cr in Mar'23 to 731.05 Cr in Mar'25, and profits decreasing across all key metrics, including profit after tax falling from 107.79 Cr to 58.12 Cr. Earnings per share also declined from 16.29 to 8.54, indicating a challenging period for the company.

Answer:<BR>The historical performance of Manaksia shows a declining trend in net sales and profits over the past few years, with net sales decreasing from 1,165.45 Cr in Mar'23 to 731.05 Cr in Mar'25. The total operating income followed a similar pattern, dropping from 1,165.45 Cr in Mar'23 to 731.05 Cr in Mar'25. The operating profit (PBDIT) also saw a significant decline, falling from 223.50 Cr in Mar'23 to 108.48 Cr in Mar'25. Profit before tax decreased from 187.35 Cr in Mar'23 to 84.79 Cr in Mar'25, while profit after tax dropped from 107.79 Cr to 58.12 Cr in the same period. The company's earnings per share (EPS) decreased from 16.29 in Mar'23 to 8.54 in Mar'25, reflecting the overall decline in profitability.<BR><BR>Breakdown:<BR>Manaksia's financial performance has been characterized by a notable decline in key metrics over the years. Net sales decreased from 1,165.45 Cr in Mar'23 to 731.05 Cr in Mar'25, while total operating income mirrored this trend, falling to 731.05 Cr from 1,165.45 Cr. The operating profit (PBDIT) also experienced a significant drop, declining from 223.50 Cr to 108.48 Cr in the same timeframe. Profit before tax and profit after tax followed suit, with figures decreasing from 187.35 Cr to 84.79 Cr and from 107.79 Cr to 58.12 Cr, respectively. This decline is further reflected in the earnings per share, which fell from 16.29 to 8.54. Overall, Manaksia's financial results indicate a challenging period with decreasing revenues and profits.

Is Manaksia overvalued or undervalued?

As of November 7, 2025, Manaksia is fairly valued with a PE ratio of 7.70 and an EV to EBITDA of 2.12, but its stock has underperformed the Sensex with a year-to-date return of -21.19%, indicating a cautious outlook compared to its peers.

As of 7 November 2025, the valuation grade for Manaksia has moved from attractive to fair, indicating a shift in its perceived value. The company is currently fairly valued, with a PE ratio of 7.70, an EV to EBITDA of 2.12, and a ROCE of 19.55%. In comparison to its peers, Hindalco Industries is rated attractive with a PE of 10.26, while National Aluminium is also attractive with a PE of 7.52, suggesting that Manaksia's valuation is competitive but not particularly compelling.<BR><BR>The company's recent stock performance has lagged behind the Sensex, with a year-to-date return of -21.19% compared to the Sensex's 6.50%, highlighting potential concerns regarding its market position. Given the current ratios and peer comparisons, Manaksia appears to be fairly valued, reflecting a cautious outlook amidst a challenging market environment.

Is Manaksia technically bullish or bearish?

As of July 24, 2025, Manaksia's technical trend is neutral with mixed indicators, showing a mildly bullish weekly MACD and OBV, but a bearish monthly MACD and moving averages, indicating a lack of strong directional momentum.

As of 24 July 2025, the technical trend for Manaksia has changed from mildly bearish to sideways. The current technical stance is neutral, with mixed indicators across different time frames. The weekly MACD is mildly bullish, while the monthly MACD remains bearish. The weekly Bollinger Bands indicate a bullish sentiment, but the monthly view is mildly bearish. Moving averages on the daily chart show a mildly bearish trend. The KST is bullish on the weekly but bearish on the monthly, and both weekly and monthly Dow Theory readings are mildly bullish. The OBV is bullish across both time frames. Overall, the mixed signals suggest a lack of strong directional momentum at this time.

Who are the top shareholders of the Manaksia?

The top shareholders of Manaksia include promoter Varun Agrawal with 18.88%, individual investors with 18.05%, and Thermo Capital Private Limited holding 1.13%. There are also 14 foreign institutional investors with a combined 0.95%, but no mutual funds currently hold shares.

The top shareholders of Manaksia include the promoters, who hold the majority of the shares. Varun Agrawal is the promoter with the highest holding at 18.88%. Additionally, individual investors collectively hold 18.05% of the shares. Among public shareholders, Thermo Capital Private Limited stands out with a holding of 1.13%. The company also has 14 foreign institutional investors (FIIs) that hold a combined 0.95% of the shares. There are no mutual funds currently holding shares in Manaksia.

Has Manaksia declared dividend?

Yes, Manaksia Ltd has declared a 150% dividend, amounting to ₹3 per share, with an ex-date of September 14, 2023. However, the dividend yield is 0%, and total returns over various periods have shown mixed performance, with negative returns in the short term but positive returns over the long term.

Manaksia Ltd has declared a 150% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 150%<BR>- Amount per share: 3<BR>- Ex-date: 14 Sep 23<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>Over the last 6 months, the price return was -22.07%, the dividend return was 0%, resulting in a total return of -22.07%.<BR><BR>In the past year, the price return was -28.18%, with a dividend return of 0%, leading to a total return of -28.18%.<BR><BR>Over the last 2 years, the price return was -58.59% and the dividend return was 1.69%, resulting in a total return of -56.9%.<BR><BR>In the 3-year period, the price return was -15.64%, the dividend return was 8.22%, culminating in a total return of -7.42%.<BR><BR>For the 4-year period, the price return was 16.62%, the dividend return was 13.98%, which resulted in a total return of 30.6%.<BR><BR>Over the last 5 years, the price return was 110.29%, with a dividend return of 25.79%, leading to a total return of 136.08%.<BR><BR>Overall, while Manaksia has declared a significant dividend, the total returns over various periods show a mixed performance, with negative returns in the shorter terms but positive returns over the longer term. The dividend yield remains at 0%, indicating that the dividend has not contributed to returns recently.