Key Events This Week
13 Jul: Technical momentum shifts to mildly bullish with a 2.98% gain
14 Jul: Mixed technical signals amid sideways momentum; downgrade to Sell rating
15 Jul: Strong quarterly upswing reported; technical momentum shifts back to mildly bullish
17 Jul: Week closes at Rs.129.00, up 5.26% for the week
Are Manaksia Coated Metals & Industries Ltd latest results good or bad?
2026-07-15 19:13:20Manaksia Coated Metals & Industries Ltd reported its Q1 FY27 results, showcasing a notable quarter-on-quarter increase in net profit, which rose to ₹14.10 crores from ₹5.37 crores in the previous quarter, reflecting a substantial growth rate of 162.57%. This improvement was driven by a robust revenue growth of 15.25%, pushing net sales to an all-time quarterly high of ₹262.14 crores. The operating profit also saw a significant increase, with operating margins expanding to 10.74%, marking the highest level in eight quarters. However, while the headline figures indicate strong performance, there are underlying operational challenges that merit attention. The company's inventory turnover ratio has deteriorated to 2.61 times, suggesting slower conversion of inventory into sales, which could indicate potential working capital pressures. Additionally, the debtors turnover ratio weakened to 9.03 times, indicating...
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Manaksia Coated Metals & Industries Ltd Shows Technical Momentum Shift Amid Mixed Indicators
2026-07-15 08:00:52Manaksia Coated Metals & Industries Ltd has experienced a notable shift in its technical momentum, moving from a sideways trend to a mildly bullish stance. This change is reflected across several key technical indicators, signalling a cautiously optimistic outlook for the micro-cap iron and steel products company as it trades at ₹129.25, up 2.42% on 15 Jul 2026.
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