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Swing Capital

Manaksia Steels Ltd

NSE: MANAKSTEEL BSE: 539044Metal

Incorporated in 2001, Manaksia Steels Ltd manufactures and export coated steel products, offering a wide range of value added steel solutions. [1]

₹61.1
52W: ₹44.2 — ₹87.1
PE 16.8 · Book ₹48.8 · +25% vs book
Market Cap₹400 Cr
Stock P/E16.8Price to Earnings
ROCE4.06%Return on Capital
ROE3.67%Return on Equity
Div. Yield0%Face Value ₹1

Strengths

  • +Company is expected to give good quarter

Weaknesses

  • −Though the company is reporting repeated profits, it is not paying out dividend
  • −The company has delivered a poor sales growth of 3.67% over past five years.
  • −Company has a low return on equity of 5.83% over last 3 years.

Shareholding Pattern

Promoters74.75%
FIIs0%
DIIs0%
Public24.61%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters74.75%74.75%74.75%74.75%74.75%74.75%74.75%74.75%
FIIs0.73%0.64%▼0.10%▼0.60%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%
Public24.52%24.61%▲0.124.63%▲0.024.62%▼0.024.62%24.62%24.63%▲0.024.61%▼0.0

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales154.56118.92152.97156.3195.45142.3190.13200.98243.79298.34
Expenses146.14113.68146.08153.7298.92137.06182.43190.95232.64283.87
Operating Profit8.425.246.892.59-3.475.247.710.0311.1514.47
OPM %5.45%4.41%4.5%1.66%-3.64%3.68%4.05%4.99%4.57%4.85%
Net Profit8.646.135.252.332.382.674.336.354.019.1
EPS ₹1.320.940.80.360.360.410.660.970.611.39

AI Insights

Revenue Trend

TTM revenue at ₹933Cr, up 59.8% YoY. OPM at 5%.

Debt Position

Borrowings at ₹203Cr. Debt-to-equity ratio: 0.65x. Moderate leverage.

Capex Cycle

CWIP at ₹14Cr (10% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0% (+0.00pp change). FIIs: 0% (-0.73pp change). Promoters hold 74.75%.

Margin & Efficiency

ROCE declining from 16% (Mar 2014) to 4% (Mar 2025). Working capital days: -7.

Valuation

PE 16.8x with 4.06% ROCE. Price is 25% above book value of ₹48.8. Dividend yield: 0%.

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