MANAKCOAT
Manaksia Coated Metals & Industries Limited
Steel products for infrastructure and industrial customers
Industrials›Capital Goods›Industrial Products›Iron & Steel Products
manaksiacoatedmetals.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Stock price
₹125.61
Market cap
1,339 Cr
Stock P/E
32.8
P/B
3.81
ROE (FY26)
11.7%
ROCE (FY26)
17.9%
Operating margin (FY26)
8.0%
Debt / equity (FY26)
0.33
OCF / EBITDA (FY26)
-11.0%
OCF / EBITDA (3Y)
23.1%
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
Share price and valuation multiples (P/E, P/B and more) over time.
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Compare with peers
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What you need to know
Manaksia Coated Metals (MANAKCOAT) makes pre-painted and Alu-Zinc coated steel products at its plant in Kutch, Gujarat, selling mainly to export customers and domestic OEMs (original equipment manufacturers).
Company snapshot
35thBy market cap
Ranked among 64 companies in Iron & Steel Products.
Segment mix
Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.
Largest segment: 98.0% of revenue
| Segment | Revenue share | Revenue | PBT | Assets |
|---|---|---|---|---|
| Metal Products | 98.0% | 562 Cr | 40 Cr | — |
| Others | 2.0% | 12 Cr | 5 Cr | — |
What we see
Concerns
- ✗Only 23% of operating profit came in as cash over the last three years — much of it is tied up in unpaid bills or stock.
Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 195 Cr | 191 Cr | 183 Cr | 194 Cr | 175 Cr | 205 Cr | 208 Cr | 250 Cr | 220 Cr | 187 Cr | 227 Cr | 262 Cr |
| Operating expenses (approx.) | 182 Cr | 180 Cr | 168 Cr | 181 Cr | 164 Cr | 191 Cr | 193 Cr | 225 Cr | 194 Cr | 171 Cr | 213 Cr | 234 Cr |
| EBITDA | 12 Cr | 11 Cr | 15 Cr | 13 Cr | 11 Cr | 14 Cr | 15 Cr | 24 Cr | 26 Cr | 15 Cr | 14 Cr | 28 Cr |
| OPM % | 6.4% | 5.7% | 8.2% | 6.8% | 6.3% | 7.1% | 7.3% | 9.8% | 11.8% | 8.3% | 6.3% | 10.7% |
| Other income | 1 Cr | 3 Cr | 2 Cr | 2 Cr | 2 Cr | 3 Cr | 2 Cr | 4 Cr | 3 Cr | 3 Cr | 1 Cr | 0.93 Cr |
| Interest | 10 Cr | 6 Cr | 8 Cr | 8 Cr | 8 Cr | 8 Cr | 8 Cr | 8 Cr | 8 Cr | 7 Cr | 7 Cr | 7 Cr |
| Depreciation | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 3 Cr | 3 Cr |
| Profit before tax | 2 Cr | 5 Cr | 7 Cr | 4 Cr | 3 Cr | 7 Cr | 7 Cr | 19 Cr | 19 Cr | 10 Cr | 6 Cr | 19 Cr |
| Tax % | -2.0% | 25.5% | 26.2% | 25.9% | 24.8% | 25.3% | 25.1% | 25.1% | 26.6% | 23.8% | 15.8% | 25.5% |
| Net profit | 2 Cr | 4 Cr | 5 Cr | 3 Cr | 2 Cr | 5 Cr | 5 Cr | 14 Cr | 14 Cr | 7 Cr | 5 Cr | 14 Cr |
| EPS (₹) | ₹0.31 | ₹0.62 | ₹0.75 | ₹0.40 | ₹0.32 | ₹0.67 | ₹0.68 | ₹1.47 | ₹1.45 | ₹0.74 | ₹0.66 | ₹1.33 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 294 Cr | 260 Cr | 265 Cr | 247 Cr | 446 Cr | 648 Cr | 652 Cr | 740 Cr | 782 Cr | 884 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 281 Cr | 245 Cr | 242 Cr | 221 Cr | 413 Cr | 613 Cr | 619 Cr | 689 Cr | 728 Cr | 804 Cr | Sign in free for the trailing twelve months |
| EBITDA | 14 Cr | 15 Cr | 22 Cr | 26 Cr | 33 Cr | 35 Cr | 33 Cr | 50 Cr | 54 Cr | 80 Cr | Sign in free for the trailing twelve months |
| OPM % | 4.6% | 5.7% | 8.4% | 10.5% | 7.4% | 5.4% | 5.0% | 6.8% | 6.9% | 9.1% | Sign in free for the trailing twelve months |
| Other income | 2 Cr | 3 Cr | 4 Cr | 1 Cr | 3 Cr | 9 Cr | 6 Cr | 7 Cr | 8 Cr | 12 Cr | Sign in free for the trailing twelve months |
| Interest | 4 Cr | 6 Cr | 14 Cr | 17 Cr | 19 Cr | 23 Cr | 22 Cr | 33 Cr | 33 Cr | 29 Cr | Sign in free for the trailing twelve months |
| Depreciation | 8 Cr | 8 Cr | 10 Cr | 9 Cr | 9 Cr | 9 Cr | 9 Cr | 9 Cr | 9 Cr | 9 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 3 Cr | 4 Cr | 2 Cr | 0.80 Cr | 8 Cr | 11 Cr | 12 Cr | 15 Cr | 21 Cr | 54 Cr | Sign in free for the trailing twelve months |
| Tax % | 78.1% | 50.8% | 119.6% | -249.7% | 22.1% | 24.4% | 20.5% | 24.6% | 25.3% | 24.3% | Sign in free for the trailing twelve months |
| Net profit | 0.65 Cr | 2 Cr | -0.41 Cr | 3 Cr | 6 Cr | 9 Cr | 9 Cr | 11 Cr | 15 Cr | 41 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹0.01 | ₹0.30 | ₹-0.06 | ₹0.43 | ₹0.89 | ₹1.32 | ₹1.43 | ₹1.67 | ₹2.07 | ₹4.41 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | Sign in free for the trailing twelve months |
Sign in free for the trailing twelve months
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 7 Cr | 7 Cr | 7 Cr | 7 Cr | 7 Cr | 7 Cr | 7 Cr | 7 Cr | 8 Cr | 11 Cr |
| Reserves | 80 Cr | 82 Cr | 83 Cr | 87 Cr | 93 Cr | 102 Cr | 113 Cr | 145 Cr | 219 Cr | 338 Cr |
| Borrowings | 50 Cr | 117 Cr | 118 Cr | 131 Cr | 137 Cr | 166 Cr | 182 Cr | 178 Cr | 142 Cr | 115 Cr |
| Other liabilities | 97 Cr | 104 Cr | 146 Cr | 157 Cr | 201 Cr | 209 Cr | 247 Cr | 207 Cr | 277 Cr | 290 Cr |
| Total liabilities | 234 Cr | 309 Cr | 354 Cr | 381 Cr | 439 Cr | 484 Cr | 548 Cr | 537 Cr | 646 Cr | 755 Cr |
| Fixed assets (net) | 100 Cr | 157 Cr | 148 Cr | 144 Cr | 136 Cr | 130 Cr | 122 Cr | 119 Cr | 112 Cr | 168 Cr |
| CWIP | 35 Cr | 4 Cr | 47 Cr | 45 Cr | 51 Cr | 40 Cr | 49 Cr | 49 Cr | 68 Cr | 31 Cr |
| Investments | 0.0006 Cr | 0.0006 Cr | 0.0006 Cr | 0.0006 Cr | 0.0006 Cr | 0.0006 Cr | 0.0005 Cr | 0.0005 Cr | 0.0005 Cr | 0.0005 Cr |
| Loans & advances | — | — | 0.25 Cr | 0.25 Cr | 0.25 Cr | 0.32 Cr | 0.32 Cr | 0.24 Cr | 0.26 Cr | 0.26 Cr |
| Inventories | 30 Cr | 51 Cr | 88 Cr | 124 Cr | 152 Cr | 201 Cr | 255 Cr | 231 Cr | 287 Cr | 339 Cr |
| Trade receivables | 41 Cr | 32 Cr | 25 Cr | 25 Cr | 47 Cr | 48 Cr | 43 Cr | 56 Cr | 51 Cr | 98 Cr |
| Cash & bank | 2 Cr | 8 Cr | 0.42 Cr | 0.88 Cr | 2 Cr | 5 Cr | 0.40 Cr | 0.40 Cr | 0.35 Cr | 1 Cr |
| Other assets | 25 Cr | 58 Cr | 45 Cr | 42 Cr | 50 Cr | 60 Cr | 79 Cr | 82 Cr | 126 Cr | 117 Cr |
| Total assets | 234 Cr | 309 Cr | 354 Cr | 381 Cr | 439 Cr | 484 Cr | 548 Cr | 537 Cr | 646 Cr | 755 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 22 Cr | -21 Cr | 49 Cr | 6 Cr | 20 Cr | -13 Cr | 8 Cr | 22 Cr | 30 Cr | -9 Cr |
| Cash from investing | -25 Cr | -33 Cr | -44 Cr | -1 Cr | -6 Cr | 9 Cr | -8 Cr | -6 Cr | -20 Cr | -17 Cr |
| Cash from financing | 3 Cr | 60 Cr | -13 Cr | -5 Cr | -12 Cr | 6 Cr | -6 Cr | -16 Cr | -10 Cr | 25 Cr |
| Net cash flow | 0.27 Cr | 5 Cr | -8 Cr | -0.74 Cr | 2 Cr | 2 Cr | -4 Cr | -0.0021 Cr | -0.05 Cr | 0.90 Cr |
| Free cash flow (OCF − Capex) | -5 Cr | -55 Cr | 1 Cr | 1 Cr | 13 Cr | -13 Cr | -3 Cr | 14 Cr | 8 Cr | -52 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 5.1% | 4.7% | 7.9% | 8.1% | 11.3% | 12.5% | 11.1% | 14.4% | 14.6% | 17.9% |
| ROE % | 0.8% | 2.2% | -0.5% | 3.0% | 5.9% | 7.9% | 7.8% | 7.4% | 6.8% | 11.7% |
| Debtor days | 51 | 45 | 35 | 37 | 38 | 27 | 24 | 27 | 24 | 40 |
| Inventory days | 51 | 91 | 155 | 218 | 155 | 136 | 161 | 147 | 158 | 183 |
| Days payable | 83 | 84 | 126 | 155 | 117 | 93 | 123 | 105 | 132 | 131 |
| Cash conversion cycle | 18 | 52 | 63 | 100 | 76 | 70 | 62 | 70 | 51 | 92 |
| OCF / EBITDA % | 162.2% | -141.7% | 220.4% | 21.6% | 58.8% | -36.2% | 24.9% | 42.8% | 55.8% | -11.0% |
| OCF / EBITDA % (3 years) | — | — | 98.2% | 53.0% | 91.1% | 13.3% | 15.0% | 14.5% | 43.6% | 23.1% |
| Debt / equity | 0.58 | 1.31 | 1.33 | 1.41 | 1.38 | 1.53 | 1.53 | 1.17 | 0.63 | 0.33 |
| Current ratio | 1.10 | 1.24 | 1.03 | 1.13 | 1.17 | 1.15 | 1.13 | 1.21 | 1.39 | 1.79 |
| Net debt / EBITDA | 3.54 | — | 5.32 | 5.03 | 4.06 | 4.64 | 5.58 | 3.52 | 2.63 | 1.42 |