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Manaksia Steels Ltd

₹ 70.11.92%
07 Jan 4:01 p.m. – close price
🔗manaksiasteels.com•BSE: 539044•NSE: MANAKSTEEL
Market Cap₹ 463 Cr.
Current Price₹ 70.1
High / Low₹ 77.8
Stock P/E26.6
Book Value₹ 48.8
Dividend Yield0.00 %
ROCE4.06 %
ROE3.67 %
Face Value₹ 1.00
Sales₹ 777 Cr.
OPM4.39 %
Mar Cap₹ 463 Cr.

ABOUT

Incorporated in 2001, Manaksia SteelsLtd manufactures value-added secondarysteel products[1]

KEY POINTS

Busienss Overview:[1]MSL is a flagship company of the Manaksia Group. It is an ISO 9001: 2015 accredited, multi-location, multi–product, light engineering company in the field of Metal Products and Metal Formation.

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsAsset Base ExpansionCapacity Expansion And ProductsCredit Rating UpdatesRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.JSW Steel1186.5547.44290054.380.241646.00166.1645152.0013.788.11174496.0015.026113.961623.003.501.651.22
2.Tata Steel183.7531.20229384.811.963183.09310.3858689.298.888.83221733.8212.987351.873394.272.421.221.01
3.Jindal Steel1071.7030.40109383.620.19635.08-25.8611685.884.2110.6748914.1619.493597.33638.232.204.330.39
4.Jindal Stain.854.4525.5170385.300.35807.9229.8710892.7811.4118.1641205.5411.882759.27793.923.907.500.38
5.S A I L150.4522.3462181.961.06418.72-29.0426704.178.226.76106431.9810.162783.77636.641.071.900.58
6.Sarda Energy511.3016.9418022.630.29327.7765.391527.7831.8615.275718.8730.921063.40323.182.578.510.38
7.NMDC Steel45.84–13428.010.00-114.7880.723389.90122.68-12.9711712.91-2.83-1320.39-114.781.03-8.210.41
8.Manaksia Steels70.0626.65462.540.004.0168.49243.79155.414.06777.204.3917.364.011.442.070.63
–Median: 12 Co.147.3525.5115725.320.27194.6747.632458.848.559.378749.6711.02695.47192.382.152.750.4

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
129.35118.92142.30205.51156.31200.98210.15152.97190.13133.58154.5695.45243.79
Expenses
127.32113.68137.06193.61153.72190.95202.09146.08182.43129.62146.1498.92232.64
Operating Profit
2.035.245.2411.902.5910.038.066.897.703.968.42-3.4711.15
Other Income
3.456.460.043.333.802.511.494.190.852.244.508.940.96
Profit before tax
3.557.721.7813.353.708.296.946.584.114.3811.243.045.60
Tax %
20.56%20.73%-50.00%23.52%37.03%23.40%22.33%20.06%-5.11%22.37%23.13%21.71%28.57%
Net Profit
2.826.132.6710.202.336.355.405.254.333.408.642.384.01
EPS in Rs
0.430.940.411.560.360.970.820.800.660.521.320.360.61

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
213329289334494689488388505641632584777
Expenses
194313272309459666473360466624600572743
Operating Profit
19161725352314283917321234
Other Income
561222368718144
Interest
63244321127812
Depreciation
2878756665557
Profit before tax
1511815271710274116391320
Net Profit
1185917109203013301217
EPS in Rs
210.401.250.761.392.541.571.333.004.511.934.611.792.65
Dividend Payout %
0%0%0%0%0%0%0%0%0%0%0%0%–

Compounded Profit Growth

10 Years:3%
5 Years:7%
3 Years:-26%
TTM:26%

Compounded Sales Growth

10 Years:6%
5 Years:4%
3 Years:5%
TTM:48%

Return on Equity

10 Years:7%
5 Years:7%
3 Years:6%
Last Year:4%

Stock Price CAGR

10 Years:20%
5 Years:22%
3 Years:25%
1 Year:14%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
0.05777777777777
Reserves
140142147153170180187212251275302300313
Borrowings
12845545893-04264846183206203
Other Liabilities
71364236889561222429543352
Total Liabilities
340229249254357281296305290357546545574
Fixed Assets
736862555049474339404952136
Gross Block
96.9799.95101.6362.9064.0668.4871.7672.6173.7579.5993.8696.41–
Accumulated Depreciation
24.1032.3539.847.4213.9419.3924.8629.8834.5439.4445.0744.12–
CWIP
2112302057329314
Investments
-0-0-0-03242354977154234152176
Other Assets
265160186197273190212212168155231248249
Total Assets
340229249254357281296305290357546545574

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
-9795-510-15101-634-229-4913
Cash from Investing Activity
-7-1-1-12-26-5-22-7259-67-84-19
Cash from Financing Activity
119-877-131-963921-573513112
Net Cash Flow
1571-3-9011-161-2-36

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
13063115102694332161481524
Inventory Days
30587806711245769875609296
Days Payable
1143040226750431288614
Cash Conversion Cycle
32112015514811338641028161101105
Working Capital Days
101718587534445229433-20-7
ROCE %
16%6%5%9%12%8%5%10%14%6%11%4%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
74.75%74.75%74.75%74.75%74.75%74.75%74.75%74.75%74.75%74.75%74.75%74.75%
FIIs
0.10%0.12%0.73%0.96%0.88%0.78%0.73%0.64%0.00%0.00%0.00%0.00%
DIIs
––––––––––––
Public
25.15%25.12%24.51%24.29%24.37%24.48%24.52%24.61%24.63%24.62%24.62%24.62%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Manaksia Steels Opens Special Window for Physical Securities Dematerialization and Transfer

11th April 2026, 6:26 pm

Manaksia Steels Files SEBI Compliance Certificate for Dematerialization

6th April 2026, 10:26 pm

Manaksia Steels to Close Trading Window for FY26 Financial Results Announcement

26th March 2026, 6:48 pm

Manaksia Steels Announces ₹100 Crore Capacity Expansion for Cold Rolled Coils

25th March 2026, 10:22 pm

Manaksia Steels Shareholders Approve 4 Material Related Party Transaction Resolutions

17th March 2026, 6:35 pm

Published by Other Websites

External media mentions & references

Indian Stocks Surge: Sensex & Nifty Hit New Highs Amidst Broad Market Rally!

19th December 2025, 4:03 pm

Manaksia Steels Rockets: Q3 Profit Soars 241% on Record Revenue Growth
Manaksia Steels Reports Stellar Q3 Turnaround, Revenue Surges 109% YoY
Manaksia Steels Shareholders Approve FY27 Related Party Transactions
Manaksia Steels Surges 109% YoY Revenue, Profitability Doubles on Strong Q3

News Articles

Editorial & research coverage

Indian Stocks Surge: Sensex & Nifty Hit New Highs Amidst Broad Market Rally!
Indian Stocks Surge: Sensex & Nifty Hit New Highs Amidst Broad Market Rally!

19th December 2025, 4:03 pm

Manaksia Steels Reports Stellar Q3 Turnaround, Revenue Surges 109% YoY
Manaksia Steels Reports Stellar Q3 Turnaround, Revenue Surges 109% YoY
Manaksia Steels Rockets: Q3 Profit Soars 241% on Record Revenue Growth
Manaksia Steels Rockets: Q3 Profit Soars 241% on Record Revenue Growth

Documents

Announcements

Closure of Trading Window
Clarification On Price Movement

24 Dec - Manaksia Steels (scrip 539044) to BSE on Dec 24, 2025: no additional price-sensitive information.

Clarification sought from Manaksia Steels Ltd

24 Dec - Exchange has sought clarification from Manaksia Steels Ltd on December 24, 2025 with reference to significant movement in price, in order to ensure that investors …

Announcement under Regulation 30 (LODR)-Newspaper Publication

15 Nov 2025 - Newspaper Publication of Un-audited Financial Results of the Company for the quarter and half-year ended 30th September, 2025

Un-Audited Financial Results For The Quarter And Half Year Ended 30Th September, 2025

13 Nov 2025 - Board approved unaudited standalone and consolidated results for quarter/half-year ended 30 Sep 2025.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

(from bse)

Financial Year 2018

(from bse)

Financial Year 2017

(from bse)

Financial Year 2016

(from bse)

Financial Year 2015

(from bse)

Credit Ratings

Rating update

21 Jul 2025 from care

Rating update

3 Jul 2025 from care

Rating update

5 Jul 2024 from care

Rating update

7 Jul 2023 from care

Rating update

29 Jun 2022 from care

Rating update

11 Sep 2020 from care

Concalls

No concalls.

Stock Analysis

Description

  1. Manaksia Steels Ltd manufactures value-added secondary steel products.

Key Growth Triggers

  1. The company has demonstrated a strong recovery in Q2 and H1 FY26, with significant YoY growth in revenue and PAT. Investments in capacity expansion for Alu-Zinc and color-coated lines, targeting Q4 FY26 commissioning, are expected to drive future performance.

Order Book

Currently no data available for Order Book.

Key Red Flags

  1. Historically, the company has faced challenges with slow sales growth and low return on equity over the past three years. However, recent performance indicates a potential turnaround.

Key Dates To Watch

  1. Upcoming dates include the announcement of Q3 FY26 financial results. The board meeting was scheduled for November 13, 2025. The trading window is subject to closure until 48 hours post result announcement.

Corporate Announcements

11th Apr 26
Impact Rating: -
No description available.
6th Apr 26
Impact Rating: 3
RTA confirmed securities processed, confirmed/rejected, and certificates mutilated/cancelled per SEBI (Depositories and Participants) Regulations, 2018.
26th Mar 26
Impact Rating: 7
Manaksia Steels announced a trading window closure for its Directors and Designated Persons from April 1, 2026, through 48 hours after the company declares its audited financial results for the quarter and year ended March 31, 2026.
25th Mar 26
Impact Rating: 8
Manaksia Steels announced a significant capacity expansion for Cold Rolled Coils, adding 2,50,000 tonnes per annum and investing ₹100 crores, aiming for completion by Q4 FY2028.
17th Mar 26
Impact Rating: 7
Manaksia Steels Limited announced shareholder approval of four ordinary resolutions for material related party transactions covering FY 2026-27. These involve MINL, Manaksia, Sumo Steels, and Manaksia Ferro Industries, passed with over 99.58% votes.