MANAKSIA
Manaksia Limited
Iron & Steel Products and diversified metals company with coated products and aluminium downstream
Industrials›Capital Goods›Industrial Products›Iron & Steel Products
manaksia.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Stock price
₹57.56
Market cap
377 Cr
Stock P/E
6.0
P/B
0.52
Dividend yield
5.2%
ROE (FY26)
7.0%
ROCE (FY26)
9.6%
Operating margin (FY26)
4.6%
Debt / equity (FY26)
0.04
OCF / EBITDA (FY26)
-25.5%
OCF / EBITDA (3Y)
-79.0%
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 is an Indian company that earns most of its revenue from metal products, with a smaller packaging products business, run through a group that includes subsidiaries in India and abroad.
Company snapshot
49thBy 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: 86.2% of revenue
| Segment | Revenue share | Revenue | PBT | Assets |
|---|---|---|---|---|
| Metal Products | 86.2% | 399 Cr | 37 Cr | — |
| Others | 0.1% | 0.36 Cr | 0.10 Cr | — |
| Packaging Products | 13.7% | 63 Cr | 6 Cr | — |
What we see
Positives
- ✓Debt-to-equity of 0.04x — the company is largely funded by its own money, not borrowed funds.
Concerns
- ✗Over the last three years operations used more cash than they brought in, despite an operating profit — the business is not yet turning its profit into cash.
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 | 199 Cr | 152 Cr | 115 Cr | 105 Cr | 169 Cr | 188 Cr | 269 Cr | 173 Cr | 190 Cr | 184 Cr | 237 Cr | 223 Cr |
| Operating expenses (approx.) | 173 Cr | 131 Cr | 95 Cr | 91 Cr | 161 Cr | 171 Cr | 254 Cr | 163 Cr | 183 Cr | 177 Cr | 219 Cr | 206 Cr |
| EBITDA | 25 Cr | 21 Cr | 19 Cr | 14 Cr | 9 Cr | 17 Cr | 15 Cr | 10 Cr | 7 Cr | 7 Cr | 17 Cr | 16 Cr |
| OPM % | 12.8% | 14.0% | 16.9% | 13.4% | 5.2% | 8.9% | 5.4% | 5.7% | 3.7% | 3.7% | 7.4% | 7.3% |
| Other income | 15 Cr | 20 Cr | 15 Cr | 21 Cr | 16 Cr | 9 Cr | 8 Cr | 14 Cr | 11 Cr | 17 Cr | -3 Cr | 23 Cr |
| Interest | 4 Cr | 4 Cr | 3 Cr | 2 Cr | 3 Cr | 5 Cr | 1 Cr | 0.68 Cr | 0.70 Cr | 2 Cr | 0.69 Cr | 0.86 Cr |
| Depreciation | 3 Cr | 2 Cr | 2 Cr | 1 Cr | 1 Cr | 1 Cr | 1 Cr | 1 Cr | 1 Cr | 2 Cr | 1 Cr | 1 Cr |
| Profit before tax | 34 Cr | 25 Cr | 13 Cr | 28 Cr | 21 Cr | 18 Cr | 17 Cr | 22 Cr | 15 Cr | 21 Cr | 13 Cr | 37 Cr |
| Tax % | 30.0% | 30.9% | -18.6% | 33.1% | 28.6% | 29.4% | 34.4% | 28.8% | 32.0% | 29.8% | 2.9% | 27.6% |
| Net profit | 24 Cr | 17 Cr | 15 Cr | 19 Cr | 15 Cr | 13 Cr | 11 Cr | 15 Cr | 10 Cr | 15 Cr | 12 Cr | 27 Cr |
| EPS (₹) | ₹3.52 | ₹2.49 | ₹2.16 | ₹2.60 | ₹2.23 | ₹1.95 | ₹1.76 | ₹2.29 | ₹1.68 | ₹2.22 | ₹1.80 | ₹3.89 |
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 | 1,054 Cr | 990 Cr | 990 Cr | 856 Cr | 861 Cr | 1,174 Cr | 1,165 Cr | 702 Cr | 731 Cr | 784 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 877 Cr | 899 Cr | 906 Cr | 784 Cr | 760 Cr | 946 Cr | 1,019 Cr | 606 Cr | 677 Cr | 743 Cr | Sign in free for the trailing twelve months |
| EBITDA | 176 Cr | 92 Cr | 85 Cr | 72 Cr | 101 Cr | 228 Cr | 146 Cr | 96 Cr | 54 Cr | 41 Cr | Sign in free for the trailing twelve months |
| OPM % | 16.7% | 9.2% | 8.5% | 8.4% | 11.7% | 19.4% | 12.5% | 13.7% | 7.4% | 5.3% | Sign in free for the trailing twelve months |
| Other income | 5 Cr | 96 Cr | 66 Cr | 63 Cr | 33 Cr | 60 Cr | 77 Cr | 63 Cr | 54 Cr | 39 Cr | Sign in free for the trailing twelve months |
| Interest | 17 Cr | 18 Cr | 10 Cr | 6 Cr | 6 Cr | 10 Cr | 15 Cr | 12 Cr | 12 Cr | 4 Cr | Sign in free for the trailing twelve months |
| Depreciation | 48 Cr | 44 Cr | 44 Cr | 42 Cr | 32 Cr | 25 Cr | 21 Cr | 9 Cr | 6 Cr | 6 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 116 Cr | 126 Cr | 97 Cr | 88 Cr | 96 Cr | 254 Cr | 187 Cr | 104 Cr | 85 Cr | 71 Cr | Sign in free for the trailing twelve months |
| Tax % | 12.9% | 23.6% | 22.4% | 30.3% | 32.7% | 26.7% | 42.5% | 24.4% | 31.4% | 25.1% | Sign in free for the trailing twelve months |
| Net profit | 101 Cr | 96 Cr | 75 Cr | 61 Cr | 65 Cr | 186 Cr | 108 Cr | 79 Cr | 58 Cr | 53 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹15.44 | ₹14.66 | ₹11.45 | ₹9.32 | ₹9.10 | ₹27.93 | ₹16.30 | ₹11.53 | ₹8.54 | ₹7.99 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | 0.0% | 10.6% | 18.2% | 25.0% | 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 | 13 Cr | 13 Cr | 13 Cr | 13 Cr | 13 Cr | 13 Cr | 13 Cr | 13 Cr | 13 Cr | 13 Cr |
| Reserves | 804 Cr | 976 Cr | 1,040 Cr | 946 Cr | 943 Cr | 1,049 Cr | 1,111 Cr | 537 Cr | 559 Cr | 710 Cr |
| Borrowings | 188 Cr | 39 Cr | 35 Cr | 13 Cr | 52 Cr | 114 Cr | 58 Cr | 74 Cr | 26 Cr | 30 Cr |
| Other liabilities | 249 Cr | 153 Cr | 166 Cr | 139 Cr | 139 Cr | 173 Cr | 185 Cr | 68 Cr | 92 Cr | 85 Cr |
| Total liabilities | 1,266 Cr | 1,194 Cr | 1,269 Cr | 1,128 Cr | 1,169 Cr | 1,374 Cr | 1,393 Cr | 722 Cr | 714 Cr | 862 Cr |
| Fixed assets (net) | 249 Cr | 310 Cr | 265 Cr | 200 Cr | 164 Cr | 133 Cr | 121 Cr | 45 Cr | 48 Cr | 50 Cr |
| CWIP | 19 Cr | 10 Cr | 4 Cr | 4 Cr | 3 Cr | 4 Cr | 3 Cr | 0.20 Cr | 6 Cr | 51 Cr |
| Investments | 24 Cr | 9 Cr | 415 Cr | 238 Cr | 583 Cr | 630 Cr | 671 Cr | 426 Cr | 111 Cr | 175 Cr |
| Loans & advances | — | — | 56 Cr | 48 Cr | 16 Cr | 20 Cr | 21 Cr | 7 Cr | 6 Cr | 0.79 Cr |
| Inventories | 133 Cr | 140 Cr | 179 Cr | 159 Cr | 129 Cr | 152 Cr | 70 Cr | 67 Cr | 95 Cr | 66 Cr |
| Trade receivables | 184 Cr | 68 Cr | 98 Cr | 71 Cr | 59 Cr | 86 Cr | 143 Cr | 50 Cr | 66 Cr | 70 Cr |
| Cash & bank | 354 Cr | 482 Cr | 116 Cr | 160 Cr | 112 Cr | 239 Cr | 196 Cr | 65 Cr | 44 Cr | 33 Cr |
| Other assets | 302 Cr | 176 Cr | 136 Cr | 249 Cr | 103 Cr | 109 Cr | 169 Cr | 61 Cr | 338 Cr | 416 Cr |
| Total assets | 1,266 Cr | 1,194 Cr | 1,269 Cr | 1,128 Cr | 1,169 Cr | 1,374 Cr | 1,393 Cr | 722 Cr | 714 Cr | 862 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 | 481 Cr | 282 Cr | -5 Cr | -37 Cr | 279 Cr | 140 Cr | 53 Cr | 135 Cr | -275 Cr | -11 Cr |
| Cash from investing | -33 Cr | 3 Cr | -18 Cr | 243 Cr | -302 Cr | 7 Cr | 15 Cr | 323 Cr | 358 Cr | -85 Cr |
| Cash from financing | 53 Cr | -188 Cr | -33 Cr | -97 Cr | 33 Cr | 32 Cr | -91 Cr | -16 Cr | -68 Cr | 0.83 Cr |
| Net cash flow | 249 Cr | 128 Cr | -25 Cr | 43 Cr | -48 Cr | 127 Cr | -43 Cr | -131 Cr | -21 Cr | -11 Cr |
| Free cash flow (OCF − Capex) | 463 Cr | 259 Cr | -19 Cr | -40 Cr | 273 Cr | 137 Cr | 42 Cr | 133 Cr | -288 Cr | -60 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 13.1% | 13.8% | 9.7% | 9.5% | 9.9% | 22.0% | 16.8% | 17.8% | 15.5% | 9.6% |
| ROE % | 12.1% | 9.6% | 6.9% | 6.0% | 6.1% | 16.8% | 9.3% | 13.0% | 9.4% | 7.0% |
| Debtor days | 63 | 25 | 36 | 30 | 25 | 27 | 45 | 26 | 33 | 32 |
| Inventory days | 80 | 71 | 88 | 103 | 83 | 79 | 40 | 68 | 81 | 54 |
| Days payable | 107 | 32 | 42 | 48 | 38 | 18 | 20 | 22 | 44 | 33 |
| Cash conversion cycle | 37 | 64 | 82 | 85 | 70 | 88 | 64 | 72 | 70 | 54 |
| OCF / EBITDA % | 273.1% | 307.7% | -5.8% | -51.6% | 276.1% | 61.3% | 36.3% | 140.6% | -508.2% | -25.5% |
| OCF / EBITDA % (3 years) | — | — | 215.1% | 96.4% | 91.8% | 95.0% | 99.2% | 69.7% | -29.5% | -79.0% |
| Debt / equity | 0.23 | 0.04 | 0.03 | 0.01 | 0.05 | 0.11 | 0.05 | 0.13 | 0.05 | 0.04 |
| Current ratio | 2.53 | 6.05 | 6.54 | 8.10 | 6.37 | 4.74 | 5.88 | 4.90 | 6.29 | 7.34 |
| Net debt / EBITDA | -0.94 | — | -0.96 | -2.03 | -0.59 | -0.55 | -0.94 | 0.09 | -0.33 | -0.06 |