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Swing Capital

Manaksia Aluminium Company Ltd

NSE: MANAKALUCO BSE: 539045Metal

Incorporated in 2013, Manaksia Aluminium Ltd manufactures value-added secondary aluminium products like Aluminum Rolled Sheets /Coils[1]

₹33
52W: ₹21.1 — ₹68.3
PE 28.6 · Book ₹21.7 · +52% vs book
Market Cap₹216 Cr
Stock P/E28.6Price to Earnings
ROCE10.2%Return on Capital
ROE5.45%Return on Equity
Div. Yield0.21%Face Value ₹1

Weaknesses

  • −Company has low interest coverage ratio.
  • −Company has a low return on equity of 4.69% over last 3 years.
  • −Debtor days have increased from 44.3 to 55.0 days.

Shareholding Pattern

Promoters74.87%
FIIs0.01%
DIIs0%
Public25.12%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters72.86%72.86%72.86%72.86%72.86%74.87%▲2.074.87%74.87%
FIIs0.02%0%▼0.00%0%0%0%0%0.01%▲0.0
DIIs0%0%0%0%0%0%0%0%
Public27.13%27.13%27.14%▲0.027.14%27.14%25.12%▼2.025.11%▼0.025.12%▲0.0

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales103.48117.7181.72150.61139.74137.07134.41131.21142.63155.66
Expenses94.27108.7373.09139.32128.19125.64123.16120.41130.76142.23
Operating Profit9.218.988.6311.2911.5511.4311.2510.811.8713.43
OPM %8.9%7.63%10.56%7.5%8.27%8.34%8.37%8.23%8.32%8.63%
Net Profit1.231.570.711.681.6521.561.111.653.24
EPS ₹0.190.240.110.260.250.310.240.170.250.49

AI Insights

Revenue Trend

Mar 2026 revenue at ₹564Cr, up 10.8% YoY. OPM at 8%.

Debt Position

Borrowings at ₹241Cr. Debt-to-equity ratio: 1.77x. High leverage — monitor closely.

Capex Cycle

CWIP at ₹24Cr (18% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0% (+0.00pp change). FIIs: 0.01% (+0.01pp change). Promoters hold 74.87%.

Margin & Efficiency

ROCE improving from -1% (Mar 2015) to 10% (Mar 2026). Working capital days: 33.

Valuation

PE 28.6x with 10.2% ROCE. Price is 52% above book value of ₹21.7. Dividend yield: 0.21%.

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