Manaksia Coated Metals & Industries Limited (MANAKCOAT)

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Manaksia Coated Metals & Industries Limited (MANAKCOAT) · mywealthgrid

About

Manaksia Coated Metals & Industries manufactures coated iron and steel products for India's industrial sector. With a market cap of ₹1,240 Cr and recent quarterly revenue of ₹262 Cr (Jun 2026), it is a small-cap player. The company has grown revenue 19% over nine months (Sep 2025–Jun 2026) with variable operating margins.

Face value: ₹1

Market cap

₹1,349 Cr

P/E

33.1×

P/B

3.8×

Dividend yield

0.1%

ROE

14.1%

ROCE

22%

Debt / equity

0.33

OPM

9.1%

EPS (TTM)

₹3.9

Book value

₹33.0

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margin volatility: OPM ranged 6.31% (Mar 2026) to 11.85% (Sep 2025), suggesting exposure to cost or pricing pressures in coated metals
Very low institutional participation: FII 0.22% and DII 0.59% (Jun 2026) may limit analyst coverage and liquidity
Stock down 24% in 1y from 52-week high ₹180.31 to ₹117.15 despite recent quarterly profit recovery — verify whether this reflects sector headwinds, valuation reset, or company-specific issues
Quarterly revenue volatility (₹186.9–262.14 Cr) suggests cyclical or lumpy demand; verify whether growth trend is structural

Generated analysis · source review pending

Growth drivers

Revenue growth momentum: ₹220.33 Cr (Sep 2025) to ₹262.14 Cr (Jun 2026) signals potential continued expansion — verify if driven by market demand or order backlog
Operating margin recovery: Jun 2026 OPM 10.74%, near Sep 2025 11.85% after Mar 2026 dip to 6.31%, suggests potential for sustained higher profitability if input costs stabilize
Consistent dividend payments (2025, 2024, 2023, 2021) indicate cash generation capacity and shareholder capital return policy
Industrial sector demand: Verify whether coated metals end-markets (construction, automotive, appliances) are expanding in India's current cycle

Generated analysis · source review pending

2,522 historical price candles were omitted because the exchange source has not been verified.

₹126.6-0.5%1Y

Quick read

rule-based

Pros

+High return on capital employed of 20.9%
+Profit CAGR of 47.4% over the last 5 years

Cons

−Low return on equity of 10.2% (3-yr avg)
−Low dividend payout of 2.6% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

47/100

Business quality: 41
Growth: 48
Valuation: 52

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2017	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	260	260	247	446	648	652	740	782	884
COGS	191	191	170	341	484	516	590	612	658
Gross profit	69	69	77	106	164	136	149	170	227
	54	54	51	73	129	103	99	116	146
	15	15	26	33	35	33	50	54	80
OPM %	5.8%	5.8%	10.5%	7.5%	5.4%	5%	6.8%	6.9%	9.1%
Depreciation	8	8	9	9	9	9	9	9	9
Interest	6	6	17	19	23	22	33	33	29
	3	3	1	3	9	10	7	9	12
Profit before tax	4	4	1	8	11	12	15	21	54
Tax	2	2	-2	2	3	2	4	5	13
Tax %	50.9%	50.9%	-250%	22.1%	24.4%	20.5%	24.6%	25.3%	24.3%
	2	2	3	6	9	9	11	15	41
PAT margin %	0.8%	0.8%	1.1%	1.3%	1.3%	1.4%	1.5%	2%	4.6%
EPS (₹)	0.3	0.3	0.4	0.9	1.3	1.4	1.7	2.1	4.4
EPS adjusted (₹)	—	—	—	0.9	1.3	1.4	1.5	1.9	3.9
	0%	0%	0%	3.4%	0%	2.1%	3%	2.4%	1.1%
Annual report	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	7	7	7	7	8	11
Reserves	93	102	113	145	219	338
Minority interest	—	0	—	—	—	0
	137	166	182	178	142	115
	201	209	247	207	277	290
Total equity & liabilities	439	484	548	537	646	755
	136	130	122	119	112	168
CWIP	51	40	49	49	68	31
Investments	0	0	0	0	0	0
	252	313	377	369	465	556
Total assets	439	484	548	537	646	755

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Metal Products	871.51	98.17	399.22	160.45	238.77	41.11
Others	12.97	1.44

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	26.5%	31%	23.7%	25.3%	20.8%	20.2%	21.7%	25.6%
EBITDA margin %	5.8%	10.5%	7.5%	5.4%	5%	6.8%	6.9%	9.1%
EBIT margin %	2.6%	6.8%	5.4%	4%	3.6%	5.6%	5.7%	8%
PAT margin %	0.8%	1.1%	1.3%	1.3%	1.4%	1.5%	2%	4.6%
Working capital
Receivable days	—	—	38	27	24	27	24	40
Inventory days	—	—	163	151	180	143	171	188
Payable days	—	—	123	103	138	102	142	135
NWC days	—	—	78	75	66	68	53	93
Leverage
Current ratio	—	—	1.17	1.15	1.13	1.21	1.39	1.79
Debt to EBITDA	—	—	4.13	4.77	5.59	3.53	2.64	1.43
Debt to equity	—	—	1.38	1.53	1.53	1.17	0.63	0.33
Interest coverage	1.7	1	1.4	1.5	1.3	1.5	1.6	2.8
Asset turnover	—	—	1.02	1.34	1.19	1.38	1.21	1.17
Return ratios
Return on assets %	—	—	1.3%	1.8%	1.7%	2.1%	2.4%	5.4%
Return on capital employed %	—	—	12%	15.9%	13.6%	21.3%	19.4%	22%
Return on equity %	—	—	5.9%	7.9%	7.8%	7.4%	6.8%	11.7%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	67.43%	67.43%	69.19%	69.19%	69.19%	69.19%	65.67%	56.17%	55.55%	57.46%	57.46%	57.78%
	0%	0%	0%	0.14%	0.1%	1.81%	1.46%	9%	1.77%	1.45%	1.14%	0.22%
	0%	0%	0%	0%	0%	0%	0%	0.02%	0.02%	0.64%	0.59%	0.59%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	32.57%	32.57%	30.81%	30.67%	30.71%	29%	32.87%	34.81%	42.66%	40.45%	40.81%	41.41%
No. of shareholders	—	—	—	—	—	—	—	—	27,566	29,277	27,995	27,944

Promoter holding down 9.65 percentage points since Sep 2023.

29 deals · 7 Jan 2022 – 28 Jul 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
28 Jul 2026	BEACON STONE CAPITAL VCC - BEACON STONE I	Bulk	NSE	Sell	5,50,000	₹124.08	₹6.82 Cr
25 Feb 2026	BULLPULSE MARKETEDGE PRIVATE LIMITED	Bulk	NSE	Sell	9,18,078	₹115.61	₹10.61 Cr
25 Feb 2026	BULLPULSE MARKETEDGE PRIVATE LIMITED	Bulk	NSE	Buy	9,18,078	₹115.88	₹10.64 Cr
28 Oct 2025	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	7,67,816	₹161.97	₹12.44 Cr
28 Oct 2025	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	7,22,058	₹162.95	₹11.77 Cr
24 Oct 2025	LAROIA MONA	Bulk	NSE	Buy	5,35,000	₹170.87	₹9.14 Cr
14 Oct 2025	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Buy	6,74,993	₹160.53	₹10.84 Cr
14 Oct 2025	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Sell	6,74,993	₹160.59	₹10.84 Cr
13 Oct 2025	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	12,58,198	₹162.34	₹20.43 Cr
13 Oct 2025	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	12,58,198	₹162.20	₹20.41 Cr

1–10 of 29

1 / 3

Mr. SIDDHARTHA SHANKAR ROYNon-Executive - Independent Director-Chairperson
Mr. SUSHIL KUMAR AGRAWALExecutive Director-MD
Mr. KARAN AGRAWALExecutive Director
Mr. VENKATA SRINARAYANA ADDANKIExecutive Director
Mr. PRITAM PALNon-Executive - Non Independent Director
Mr. PROBIR KUMAR CHOUDHARYNon-Executive - Independent Director
Ms. GARGI SINGHNon-Executive - Independent Director
Ms. Shruti AgarwalCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Manaksia Coated Metals & Industries Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

5

Final dividend27 Aug 2026 · ex-date₹0.05
Final dividend8 Sept 2025 · ex-date₹0.05
Final dividend13 Sept 2024 · ex-date₹0.05
Final dividend22 Aug 2023 · ex-date₹0.03
Final dividend16 Sept 2021 · ex-date₹0.03

1

Board meeting to consider results14 Jul 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

31 announcementsExport CSV

29 Sept 2026, 3:47 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Analyst / Investor Meet PDF

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Ratio	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	26.5%	31%	23.7%	25.3%	20.8%	20.2%	21.7%	25.6%
EBITDA margin %	5.8%	10.5%	7.5%	5.4%	5%	6.8%	6.9%	9.1%
EBIT margin %	2.6%	6.8%	5.4%	4%	3.6%	5.6%	5.7%	8%
PAT margin %	0.8%	1.1%	1.3%	1.3%	1.4%	1.5%	2%	4.6%
Working capital
Receivable days	—	—	38	27	24	27	24	40
Inventory days	—	—	163	151	180	143	171	188
Payable days	—	—	123	103	138	102	142	135
NWC days	—	—	78	75	66	68	53	93
Leverage
Current ratio	—	—	1.17	1.15	1.13	1.21	1.39	1.79
Debt to EBITDA	—	—	4.13	4.77	5.59	3.53	2.64	1.43
Debt to equity	—	—	1.38	1.53	1.53	1.17	0.63	0.33
Interest coverage	1.7	1	1.4	1.5	1.3	1.5	1.6	2.8
Asset turnover	—	—	1.02	1.34	1.19	1.38	1.21	1.17
Return ratios
Return on assets %	—	—	1.3%	1.8%	1.7%	2.1%	2.4%	5.4%
Return on capital employed %	—	—	12%	15.9%	13.6%	21.3%	19.4%	22%
Return on equity %	—	—	5.9%	7.9%	7.8%	7.4%	6.8%	11.7%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Welspun Corp LimitedWELCORPWELCORP	₹68,741 Cr	₹70,904 Cr	₹17,300 Cr	₹2,403 Cr	13.3%	₹2,309 Cr	9.7%	19.2%	19.4%	85
Apl Apollo Tubes LimitedAPLAPOLLOAPLAPOLLO	₹58,753 Cr	₹59,205 Cr	₹22,897 Cr	₹1,841 Cr	7.8%	₹1,229 Cr	5.2%	30.8%	25.3%	-12
Shyam Metalics And Energy LimitedSHYAMMETLSHYAMMETL	₹29,244 Cr	₹30,225 Cr	₹19,574 Cr	₹2,519 Cr	12.6%	₹860 Cr	5.7%	13.5%	9.7%	8
Ratnamani Metals & Tubes LimitedRATNAMANIRATNAMANI	₹18,362 Cr	₹18,666 Cr	₹4,314 Cr	₹732 Cr	16.9%	₹433 Cr	11.9%	17.8%	12.5%	210
Jindal Saw LimitedJINDALSAWJINDALSAW	₹17,286 Cr	₹21,976 Cr	₹18,263 Cr	₹1,941 Cr	12.4%	₹653 Cr	5.2%	11.4%	8.1%	159
Usha Martin LimitedUSHAMARTUSHAMART	₹14,982 Cr	₹15,128 Cr	₹3,837 Cr	₹768 Cr	19.1%	₹507 Cr	12.6%	20%	15.4%	190
Godawari Power And Ispat LimitedGPILGPIL	₹14,517 Cr	₹14,943 Cr	₹5,808 Cr	₹1,263 Cr	23.3%	₹808 Cr	14.9%	20.1%	14.9%	73
Gallantt Ispat LimitedGALLANTTGALLANTT	₹12,793 Cr	₹13,340 Cr	₹4,437 Cr	₹655 Cr	16.2%	₹436 Cr	11%	19.2%	15.7%	58
Maharashtra Seamless LimitedMAHSEAMLESMAHSEAMLES	₹9,363 Cr	₹9,377 Cr	₹4,620 Cr	₹696 Cr	14.6%	₹737 Cr	15%	13.6%	10.6%	153
Jayaswal Neco Industries LimitedJAYNECOINDJAYNECOIND	₹8,863 Cr	₹10,960 Cr	₹7,589 Cr	₹1,409 Cr	18.6%	₹564 Cr	6.5%	22.9%	17.8%	151
Sunflag Iron And Steel Company LimitedSUNFLAGSUNFLAG	₹7,812 Cr	₹8,286 Cr	₹3,995 Cr	₹476 Cr	12.1%	₹206 Cr	5.1%	3.8%	2.3%	95
Man Industries (India) LimitedMANINDSMANINDS	₹6,912 Cr	₹7,411 Cr	₹3,875 Cr	₹532 Cr	12.3%	₹204 Cr	4.8%	18.4%	9.2%	114

Date	Category	Subject	Filing
29 Sept 2026, 3:47 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome	PDF
28 Sept 2026, 6:35 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome	PDF
22 Sept 2026, 6:02 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
19 Sept 2026, 5:18 pm	AGM/EGM AGM	Minutes Of The 16Th AGM Held On 03.09.2026	PDF
4 Sept 2026, 5:29 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
3 Sept 2026, 5:29 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
12 Aug 2026, 6:52 pm	Company Update General	Letter To Shareholders Under Regulation 36 (1) (B)	PDF
7 Aug 2026, 11:56 am	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	20	-13	8	22	30	-9
	-6	9	-8	-6	-20	-17
	-12	6	-6	-16	-10	25
Net cash flow	2	2	-5	-0	-0	-1
Free cash flow	13	-19	-3	14	8	-52
CFO / Operating profit %	58.8%	-36.2%	24.9%	42.9%	55.8%	-11%

Manaksia Coated Metals & Industries Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

5

1

Announcements

Not in the F&O segment

No fund holdings on record

5

1

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

METAL PRODUCTS · revenue

Manaksia Coated Metals & Industries Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Dividends5

Board meetings1

Announcements

Not in the F&O segment

Ratio timeline

No fund holdings on record

Dividends5

Board meetings1

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

METAL PRODUCTS · revenue

5

1

5

1