{
  "main_header": {
    "sid": 977821,
    "name": "Manaksia",
    "stock_name": "Manaksia",
    "full_name": "Manaksia Ltd",
    "name_url": "stocks-analysis/manaksia",
    "exchange": 0,
    "exchangecode": "",
    "country_id": 34,
    "currency": "INR",
    "cmp": "60.00",
    "chg": -0.23,
    "chgp": "-0.38%",
    "dir": -1,
    "prev_price": "60.23",
    "mcapval": "396.00 Cr",
    "mcap": "Micro Cap",
    "scripcode": 532932,
    "symbol": "MANAKSIA",
    "ind_name": "Iron & Steel Products",
    "ind_code": 27,
    "indexname": "",
    "isin": "INE015D01022",
    "curr_date": "Dec 05",
    "curr_time": "",
    "bse_nse_vol": "16.18 k",
    "exc_status": "Active",
    "traded_date": "Dec 05, 2025",
    "traded_date_str": "2025 12 05",
    "score": "",
    "scoreText": "",
    "Live": 1,
    "market_time": 1,
    "is_blur": 1,
    "is_blur_class": "blur-register-score-header",
    "is_blur_url": "https://www.marketsmojo.com/mojofeed/register?redirect=/stocks-analysis/manaksia-977821-0&utm_source=Spage_Header_Score",
    "mojoone": {
      "ismore": 0
    }
  },
  "news": {
    "results": [
      {
        "title": "Manaksia’s Market Assessment Reflects Challenges Amid Technical and Financial Pressures",
        "link": "https://www.marketsmojo.com/news/stock-recommendation/manaksia-downgraded-to-strong-sell-amid-weak-financials-and-bearish-technicals-3745609",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/12/Manaksia_mojoScore_3745609.png",
        "date": "2025-12-04 08:19:22",
        "description": "Manaksia, a key player in the Iron & Steel Products sector, has experienced a notable shift in market evaluation driven by a combination of technical indicators, valuation considerations, financial trends, and broader market performance. This article analyses the factors influencing the recent revision in the company’s assessment, providing investors with a comprehensive understanding of its current standing."
      },
      {
        "title": "How has been the historical performance of Manaksia?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/how-has-been-the-historical-performance-of-manaksia-3744758",
        "imagepath": "",
        "date": "2025-12-03 22:53:27",
        "description": "    <div class=\"article-news-new\">\n        <div class=\"article-container\">\n\n<div class=\"article-content\">\n\n<p><strong>Revenue and Operating Performance Trends</strong></p>\n<p>Examining Manaksia's consolidated net sales from fiscal year ending March 2019 through March 2025, the company experienced a peak in sales during the 2022 and 2023 financial years, with revenues exceeding ₹1,170 crores. However, this was followed by a notable decline in the subsequent two years, with net sales dropping to approximately ₹731 crores by March 2025. This downward trend in top-line performance suggests pressures in the operating environment or strategic shifts impacting sales volumes or pricing.</p>\n<p>Operating profit margins (excluding other income) have mirrored this volatility. The margin peaked at 19.4% in March 2022 but contracted sharply to 7.4% by March 2025. Correspondingly, the operating profit (PBDIT) declined fr..."
      },
      {
        "title": "Manaksia Sees Revision in Market Evaluation Amid Mixed Financial Signals",
        "link": "https://www.marketsmojo.com/news/stock-recommendation/manaksia-upgraded-from-strong-sell-to-sell-by-marketsmojo-on-28-nov-2025-3741049",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/12/Manaksia_mojoScore_3741049.png",
        "date": "2025-12-02 10:09:46",
        "description": "Manaksia, a microcap player in the Iron & Steel Products sector, has experienced a revision in its market evaluation reflecting nuanced shifts across key financial and technical parameters. This adjustment comes amid ongoing challenges in both long-term growth and recent quarterly performance, prompting a reassessment of the company’s standing within its sector."
      },
      {
        "title": "Why is Manaksia falling/rising?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/why-is-manaksia-fallingrising-3727005",
        "imagepath": "",
        "date": "2025-11-25 01:26:18",
        "description": "    <div class=\"article-news-new\">\n        <div class=\"article-container\">\n\n<div class=\"article-content\">\n\n<p><strong>Extended Underperformance Against Benchmarks</strong></p>\n<p>Manaksia’s recent price action is part of a longer-term pattern of underperformance when compared to the Sensex benchmark. Over the past week, the stock has declined by 5.46%, significantly lagging the Sensex’s marginal drop of 0.06%. The one-month performance further emphasises this trend, with Manaksia down 7.00% while the Sensex gained 0.82%. Year-to-date figures reveal a stark contrast: Manaksia has lost 24.35% of its value, whereas the Sensex has appreciated by 8.65%. This divergence extends over the one-year and three-year horizons, with Manaksia falling 26.94% and 19.44% respectively, while the Sensex rose 7.31% and 36.34% over the same periods. Even over five years, despite a positive 39.73% gain for Manaksia, it trails the..."
      },
      {
        "title": "Manaksia Ltd Q2 FY26: Profitability Plunge Amid Margin Erosion",
        "link": "https://www.marketsmojo.com/news/result-analysis/manaksia-ltd-q2-fy26-profitability-plunge-amid-margin-erosion-3709507",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/11/Manaksia_quaterlyResult_3709507.png",
        "date": "2025-11-17 22:14:16",
        "description": "Manaksia Limited, the Kolkata-based iron and steel products manufacturer, reported a concerning decline in profitability for Q2 FY26, with consolidated net profit plummeting 26.73% quarter-on-quarter to ₹10.99 crores from ₹15.00 crores in Q1 FY26. On a year-on-year basis, the erosion was even more pronounced, with profits down 24.88% from ₹14.63 crores in Q2 FY25. The stock, trading at ₹66.75 with a market capitalisation of ₹429.00 crores, has struggled significantly over the past year, declining 23.04% whilst the broader Sensex gained 9.50%."
      },
      {
        "title": "How has been the historical performance of Manaksia?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/how-has-been-the-historical-performance-of-manaksia-3703706",
        "imagepath": "",
        "date": "2025-11-15 00:10:11",
        "description": "Answer:\nThe 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 in Mar'23 to 58.12 Cr in Mar'25. The company's total assets decreased from 1,393.34 Cr in Mar'23 to 713.64 Cr in Mar'25, and total liabilities also fell from 721.71 Cr in Mar'24 to 713.64 Cr in Mar'25. Cash flow from operating activities improved from 53 Cr in Mar'23 to 134 Cr in Mar'24, but the net cash outflow was negative at -130 Cr in Mar'24.\n\nBreakdown:\nManaks..."
      },
      {
        "title": "Is Manaksia overvalued or undervalued?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/is-manaksia-overvalued-or-undervalued-3684207",
        "imagepath": "",
        "date": "2025-11-10 08:12:47",
        "description": "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.\n\nThe 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...."
      },
      {
        "title": "Is Manaksia overvalued or undervalued?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/is-manaksia-overvalued-or-undervalued-3682889",
        "imagepath": "",
        "date": "2025-11-09 08:11:06",
        "description": "As of 7 November 2025, the valuation grade for Manaksia has moved from attractive to fair. Based on the analysis, the company is currently fairly valued. Key ratios include a PE ratio of 7.70, an EV to EBITDA of 2.12, and a ROCE of 19.55%. \n\nWhen compared to peers, Manaksia's PE ratio is lower than Hindalco Industries, which has a PE of 10.26, and National Aluminium, with a PE of 7.52, both rated as attractive. Additionally, Manaksia's EV to EBITDA ratio is also more favorable than that of Maan Aluminium, which is considered expensive with an EV to EBITDA of 33.76. 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%, indicating a challenging market environment...."
      },
      {
        "title": "Is Manaksia overvalued or undervalued?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/is-manaksia-overvalued-or-undervalued-3681918",
        "imagepath": "",
        "date": "2025-11-08 08:10:56",
        "description": "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 based on its financial metrics. Key ratios include a PE ratio of 7.70, an EV to EBITDA of 2.12, and a ROCE of 19.55%. \n\nIn comparison to its peers, Manaksia's PE ratio is lower than Hindalco Industries at 10.26 and National Aluminium at 7.52, both of which are rated attractive. This suggests that while Manaksia is fairly valued, it may still be lagging behind some of its competitors in terms of market perception. Additionally, the stock has underperformed against the Sensex over various periods, particularly with a year-to-date decline of 21.19% compared to the Sensex's gain of 6.50%...."
      }
    ],
    "total": 113,
    "sid": "977821",
    "stock_news_url": "https://www.marketsmojo.com/news/manaksia-977821"
  },
  "announcements": [
    {
      "caption": "Order Of NCLT For Convening Meeting Of Equity Shareholders On 10Th January 2026",
      "datetime": "20-Nov-2025",
      "details": "Order of NCLT for convening meeting of equity shareholders of the Company on 10th January 2026",
      "source": "BSE"
    },
    {
      "caption": "Announcement under Regulation 30 (LODR)-Newspaper Publication",
      "datetime": "15-Nov-2025",
      "details": "Newspaper Publication of Un-audited Financial Results of the Company for the quarter and half-year ended 30th September 2025",
      "source": "BSE"
    },
    {
      "caption": "Board Meeting Outcome for Outcome Of Board Meeting Held On 14Th November 2025",
      "datetime": "14-Nov-2025",
      "details": "The Board of Directors of the Company at its meeting held today i.e. 14th November 2025 which commenced at 01:00 P.M. and concluded at 03:00 P.M. have inter-alia approved the Un-audited Financial Results (both Standalone and Consolidated) of the Company for the quarter and half year ended 30th September 2025",
      "source": "BSE"
    }
  ],
  "corporate_actions": [
    {
      "img": "board-meeting.svg",
      "title": "BOARD MEETING",
      "msg": "<span>No</span> Upcoming Board Meetings",
      "data": []
    },
    {
      "img": "dividend.svg",
      "title": "DIVIDEND",
      "msg": "",
      "data": [
        {
          "txt": "Manaksia Ltd has declared <strong>150%</strong> dividend, ex-date: 14 Sep 23",
          "dt": "2023-09-14",
          "middle_text": "Dividend Alert"
        }
      ]
    },
    {
      "img": "splits.svg",
      "title": "SPLITS",
      "msg": "No <strong>Splits</strong> history available",
      "data": []
    },
    {
      "img": "bonus.svg",
      "title": "BONUS",
      "msg": "No <strong>Bonus</strong> history available",
      "data": []
    },
    {
      "img": "rights-issues.svg",
      "title": "RIGHTS",
      "msg": "No <strong>Rights</strong> history available",
      "data": []
    }
  ]
}

News and Views

Manaksia’s Market Assessment Reflects Challenges Amid Technical and Financial Pressures

2025-12-04 08:19:22

Manaksia, a key player in the Iron & Steel Products sector, has experienced a notable shift in market evaluation driven by a combination of technical indicators, valuation considerations, financial trends, and broader market performance. This article analyses the factors influencing the recent revision in the company’s assessment, providing investors with a comprehensive understanding of its current standing.

Read More

How has been the historical performance of Manaksia?

2025-12-03 22:53:27

Revenue and Operating Performance Trends

Examining Manaksia's consolidated net sales from fiscal year ending March 2019 through March 2025, the company experienced a peak in sales during the 2022 and 2023 financial years, with revenues exceeding ₹1,170 crores. However, this was followed by a notable decline in the subsequent two years, with net sales dropping to approximately ₹731 crores by March 2025. This downward trend in top-line performance suggests pressures in the operating environment or strategic shifts impacting sales volumes or pricing.

Operating profit margins (excluding other income) have mirrored this volatility. The margin peaked at 19.4% in March 2022 but contracted sharply to 7.4% by March 2025. Correspondingly, the operating profit (PBDIT) declined fr...

Read More

Manaksia Sees Revision in Market Evaluation Amid Mixed Financial Signals

2025-12-02 10:09:46

Manaksia, a microcap player in the Iron & Steel Products sector, has experienced a revision in its market evaluation reflecting nuanced shifts across key financial and technical parameters. This adjustment comes amid ongoing challenges in both long-term growth and recent quarterly performance, prompting a reassessment of the company’s standing within its sector.

Read More

Why is Manaksia falling/rising?

2025-11-25 01:26:18

Extended Underperformance Against Benchmarks

Manaksia’s recent price action is part of a longer-term pattern of underperformance when compared to the Sensex benchmark. Over the past week, the stock has declined by 5.46%, significantly lagging the Sensex’s marginal drop of 0.06%. The one-month performance further emphasises this trend, with Manaksia down 7.00% while the Sensex gained 0.82%. Year-to-date figures reveal a stark contrast: Manaksia has lost 24.35% of its value, whereas the Sensex has appreciated by 8.65%. This divergence extends over the one-year and three-year horizons, with Manaksia falling 26.94% and 19.44% respectively, while the Sensex rose 7.31% and 36.34% over the same periods. Even over five years, despite a positive 39.73% gain for Manaksia, it trails the...

Read More

Manaksia Ltd Q2 FY26: Profitability Plunge Amid Margin Erosion

2025-11-17 22:14:16

Manaksia Limited, the Kolkata-based iron and steel products manufacturer, reported a concerning decline in profitability for Q2 FY26, with consolidated net profit plummeting 26.73% quarter-on-quarter to ₹10.99 crores from ₹15.00 crores in Q1 FY26. On a year-on-year basis, the erosion was even more pronounced, with profits down 24.88% from ₹14.63 crores in Q2 FY25. The stock, trading at ₹66.75 with a market capitalisation of ₹429.00 crores, has struggled significantly over the past year, declining 23.04% whilst the broader Sensex gained 9.50%.

Read More

How has been the historical performance of Manaksia?

2025-11-15 00:10:11

Answer: 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 in Mar'23 to 58.12 Cr in Mar'25. The company's total assets decreased from 1,393.34 Cr in Mar'23 to 713.64 Cr in Mar'25, and total liabilities also fell from 721.71 Cr in Mar'24 to 713.64 Cr in Mar'25. Cash flow from operating activities improved from 53 Cr in Mar'23 to 134 Cr in Mar'24, but the net cash outflow was negative at -130 Cr in Mar'24. Breakdown: Manaks...

Read More

Is Manaksia overvalued or undervalued?

2025-11-10 08:12:47

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. 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....

Read More

Is Manaksia overvalued or undervalued?

2025-11-09 08:11:06

As of 7 November 2025, the valuation grade for Manaksia has moved from attractive to fair. Based on the analysis, the company is currently fairly valued. Key ratios include a PE ratio of 7.70, an EV to EBITDA of 2.12, and a ROCE of 19.55%. When compared to peers, Manaksia's PE ratio is lower than Hindalco Industries, which has a PE of 10.26, and National Aluminium, with a PE of 7.52, both rated as attractive. Additionally, Manaksia's EV to EBITDA ratio is also more favorable than that of Maan Aluminium, which is considered expensive with an EV to EBITDA of 33.76. 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%, indicating a challenging market environment....

Read More

Is Manaksia overvalued or undervalued?

2025-11-08 08:10:56

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 based on its financial metrics. Key ratios include a PE ratio of 7.70, an EV to EBITDA of 2.12, and a ROCE of 19.55%. In comparison to its peers, Manaksia's PE ratio is lower than Hindalco Industries at 10.26 and National Aluminium at 7.52, both of which are rated attractive. This suggests that while Manaksia is fairly valued, it may still be lagging behind some of its competitors in terms of market perception. Additionally, the stock has underperformed against the Sensex over various periods, particularly with a year-to-date decline of 21.19% compared to the Sensex's gain of 6.50%....

Read More

View All News