MANAKSTEEL

Manaksia Steels Limited

Coated steel products including galvanised and pre-painted coils and sheets

Commodities›Metals & Mining›Ferrous Metals›Iron & Steel

manaksiasteels.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹111.04
Market cap
727 Cr
Stock P/E
13.0
P/B
2.23
ROE (FY26)
12.2%
ROCE (FY26)
14.8%
Operating margin (FY26)
5.8%
Debt / equity (FY26)
0.46
OCF / EBITDA (FY26)
80.5%
OCF / EBITDA (3Y)
17.9%

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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What you need to know

Manaksia Steels makes cold-rolled and coated steel products, including Aluzinc-coated and colour-coated steel, at Haldia in West Bengal and sells them in India and overseas.

Company snapshot

12thBy market cap

Ranked among 13 companies in Iron & Steel.

What we see

Concerns
  • ✗Only 18% 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

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales166 Cr134 Cr163 Cr165 Cr104 Cr160 Cr204 Cr217 Cr263 Cr318 Cr333 Cr327 Cr
Operating expenses (approx.)157 Cr127 Cr155 Cr162 Cr108 Cr155 Cr195 Cr207 Cr250 Cr302 Cr295 Cr294 Cr
EBITDA10 Cr6 Cr8 Cr3 Cr-3 Cr6 Cr9 Cr11 Cr12 Cr15 Cr38 Cr34 Cr
OPM %5.9%4.6%4.9%1.9%-3.0%3.6%4.4%4.9%4.7%4.8%11.4%10.2%
Other income4 Cr4 Cr4 Cr4 Cr8 Cr0.05 Cr0.85 Cr3 Cr0.96 Cr3 Cr-2 Cr4 Cr
Interest0.68 Cr3 Cr4 Cr2 Cr1 Cr2 Cr3 Cr3 Cr4 Cr3 Cr7 Cr4 Cr
Depreciation2 Cr2 Cr1 Cr1 Cr2 Cr2 Cr2 Cr2 Cr3 Cr3 Cr3 Cr3 Cr
Profit before tax12 Cr7 Cr6 Cr3 Cr2 Cr2 Cr5 Cr9 Cr6 Cr13 Cr26 Cr30 Cr
Tax %24.5%30.8%19.2%51.0%35.4%-10.2%3.5%24.7%30.7%24.0%26.8%25.7%
Net profit9 Cr5 Cr5 Cr2 Cr1 Cr2 Cr5 Cr6 Cr5 Cr10 Cr19 Cr23 Cr
EPS (₹)₹1.36₹0.73₹0.69₹0.25₹0.17₹0.35₹0.72₹0.99₹0.69₹1.47₹2.95₹3.46

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales510 Cr688 Cr536 Cr504 Cr611 Cr742 Cr681 Cr634 Cr1,131 CrSign in free for the trailing twelve months
Operating expenses (approx.)478 Cr667 Cr517 Cr465 Cr558 Cr718 Cr644 Cr619 Cr1,055 CrSign in free for the trailing twelve months
EBITDA32 Cr20 Cr19 Cr39 Cr53 Cr24 Cr37 Cr15 Cr77 CrSign in free for the trailing twelve months
OPM %6.2%3.0%3.6%7.8%8.7%3.2%5.5%2.3%6.8%Sign in free for the trailing twelve months
Other income2 Cr4 Cr3 Cr7 Cr8 Cr7 Cr16 Cr13 Cr4 CrSign in free for the trailing twelve months
Interest4 Cr3 Cr2 Cr2 Cr2 Cr4 Cr8 Cr8 Cr16 CrSign in free for the trailing twelve months
Depreciation8 Cr6 Cr9 Cr10 Cr11 Cr10 Cr7 Cr6 Cr11 CrSign in free for the trailing twelve months
Profit before tax22 Cr16 Cr11 Cr34 Cr49 Cr17 Cr38 Cr12 Cr54 CrSign in free for the trailing twelve months
Tax %29.9%47.9%18.3%22.9%27.8%28.8%25.0%18.8%26.3%Sign in free for the trailing twelve months
Net profit16 Cr8 Cr9 Cr27 Cr35 Cr12 Cr28 Cr10 Cr40 CrSign in free for the trailing twelve months
EPS (₹)₹2.38₹1.27₹1.31₹4.05₹5.39₹1.86₹4.33₹1.49₹6.09Sign 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

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital7 Cr7 Cr7 Cr7 Cr7 Cr7 Cr7 Cr7 Cr7 Cr
Reserves169 Cr179 Cr185 Cr216 Cr259 Cr284 Cr294 Cr283 Cr319 Cr
Borrowings96 Cr3 Cr59 Cr66 Cr8 Cr48 Cr185 Cr204 Cr149 Cr
Other liabilities104 Cr147 Cr153 Cr60 Cr76 Cr82 Cr34 Cr44 Cr118 Cr
Total liabilities375 Cr335 Cr403 Cr349 Cr350 Cr420 Cr520 Cr537 Cr593 Cr
Fixed assets (net)69 Cr75 Cr99 Cr88 Cr77 Cr72 Cr59 Cr62 Cr152 Cr
CWIP6 Cr28 Cr3 Cr0.36 Cr5 Cr7 Cr32 Cr93 Cr33 Cr
Investments7 Cr17 Cr11 Cr25 Cr52 Cr129 Cr185 Cr129 Cr86 Cr
Loans & advances—0 Cr1 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Inventories132 Cr90 Cr139 Cr86 Cr105 Cr126 Cr140 Cr136 Cr155 Cr
Trade receivables95 Cr83 Cr45 Cr19 Cr30 Cr17 Cr26 Cr38 Cr64 Cr
Cash & bank23 Cr20 Cr44 Cr16 Cr15 Cr11 Cr8 Cr10 Cr5 Cr
Other assets45 Cr23 Cr63 Cr114 Cr66 Cr58 Cr70 Cr69 Cr98 Cr
Total assets375 Cr335 Cr403 Cr349 Cr350 Cr420 Cr520 Cr537 Cr593 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-10 Cr130 Cr-4 Cr36 Cr-0.56 Cr24 Cr-52 Cr14 Cr62 Cr
Cash from investing-23 Cr-36 Cr-30 Cr-71 Cr57 Cr-65 Cr-84 Cr-21 Cr3 Cr
Cash from financing34 Cr-96 Cr53 Cr5 Cr-59 Cr35 Cr130 Cr9 Cr-70 Cr
Net cash flow1 Cr-2 Cr20 Cr-27 Cr-1 Cr-4 Cr-3 Cr2 Cr-6 Cr
Free cash flow (OCF − Capex)-35 Cr97 Cr-15 Cr35 Cr-7 Cr16 Cr-91 Cr-57 Cr24 Cr

Ratios

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %9.7%10.0%5.1%12.7%18.4%6.2%9.5%4.2%14.8%
ROE %8.9%4.5%4.5%11.9%13.3%4.2%9.4%3.4%12.2%
Debtor days68443014188142221
Inventory days11954111888074918960
Days payable76791044010971421
Cash conversion cycle1111937628873999860
OCF / EBITDA %-32.8%n.m.-19.9%90.8%-1.1%100.4%-139.3%n.m.80.5%
OCF / EBITDA % (3 years)——162.8%205.0%28.0%50.9%-24.9%-19.0%17.9%
Debt / equity0.540.020.310.290.030.170.620.700.46
Current ratio1.531.551.261.142.742.391.791.511.51
Net debt / EBITDA—-0.860.781.25-0.131.534.7313.101.89