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Swing Capital

Manaksia Coated Metals & Industries Ltd

NSE: MANAKCOAT BSE: 539046Metal

Incorporated in 2010, Manaksia Coated Metals & Industries Ltd specializes in manufacturing and exporting high-performance coated metal products.[1]

₹99.6
52W: ₹86.6 — ₹183
PE 25.7 · Book ₹32.5 · +206% vs book
Market Cap₹1,054 Cr
Stock P/E25.7Price to Earnings
ROCE20.2%Return on Capital
ROE14.5%Return on Equity
Div. Yield0.05%Face Value ₹1

Strengths

  • +Company has reduced debt.
  • +Company has delivered good profit growth of 44.8% CAGR over last 5 years

Weaknesses

  • −Company has a low return on equity of 11.3% over last 3 years.
  • −Debtor days have increased from 30.0 to 39.9 days.
  • −Company's cost of borrowing seems high
  • −Promoter holding has decreased over last 3 years: -9.97%
  • −Working capital days have increased from 46.4 days to 81.6 days

Shareholding Pattern

Promoters57.46%
FIIs1.14%
DIIs0.59%
Public40.82%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters69.19%69.19%69.19%65.67%▼3.556.17%▼9.555.55%▼0.657.46%▲1.957.46%
FIIs0.14%0.1%▼0.01.82%▲1.71.46%▼0.49.01%▲7.51.77%▼7.21.45%▼0.31.14%▼0.3
DIIs0%0%0%0%0.02%▲0.00.02%0.64%▲0.60.59%▼0.1
Public30.66%30.7%▲0.029%▼1.732.87%▲3.934.8%▲1.942.67%▲7.940.45%▼2.240.82%▲0.4

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales190.91182.55193.78174.91205.05207.89249.78220.33186.9227.46
Expenses178.52167.13180.59163.98190.58192.73225.27194.24171.4213.1
Operating Profit12.3915.4213.1910.9314.4715.1624.5126.0915.514.36
OPM %6.49%8.45%6.81%6.25%7.06%7.29%9.81%11.84%8.29%6.31%
Net Profit4.115.253.042.435.085.114.114.027.415.44
EPS ₹0.630.710.410.330.680.641.351.320.70.51

AI Insights

Revenue Trend

Mar 2026 revenue at ₹884Cr, up 13% YoY. OPM at 9%.

Debt Position

Borrowings at ₹115Cr. Debt-to-equity ratio: 0.35x. Healthy balance sheet.

Capex Cycle

CWIP at ₹31Cr (19% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0.59% (+0.59pp change). FIIs: 1.14% (+1.14pp change). Promoters hold 57.46%.

Margin & Efficiency

ROCE improving from -4% (Mar 2015) to 20% (Mar 2026). Working capital days: 82.

Valuation

PE 25.7x with 20.2% ROCE. Price is 206% above book value of ₹32.5. Dividend yield: 0.05%.

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