Manak Aluminium Co. Ltd.

NSE: MANAKALUCO · Aluminium · sector

₹27.95NSE close 2026-10-26

Key numbers

Market cap₹183 cr

Price₹27.95

52w high / low₹68 / ₹22

P/E20.9xSector median 11.2x

P/B1.3xSector median 1.8x

Book value₹21.7

Dividend yield0.25%Sector median 0.56%

ROE6.4%Sector median 11.7%

ROCE10.6%Sector median 17.4%

OPM8.7%Sector median 7.5%

Debt / equity1.69xSector median 0.67x

EV/EBITDA8.2xSector median 8.6x

Interest cover1.4x

Current ratio1.21x

Sales growth 3y+6.5%Sector median +6.9%

Profit growth 3y-5.2%Sector median +9.9%

PEG–

Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 15 companies in Aluminium (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹18 cr vs borrowings ₹241 cr (FY26): borrowings are higher by ₹223 cr.
Borrowings rose in each of the last 3 years (₹144 cr → ₹241 cr).
Operating profit covered interest 1.4x in the last 12 months.
Operating cash flow was below net profit in 1 of the last 5 years (FY25).
Revenue was higher than a year earlier in 3 of the last 4 quarters.
Other income was 13% of net profit in the last 12 months.
Debtor days went from 40 (FY24) to 55 (FY26).
Dividend paid in 3 of the last 5 financial years.
Price ₹27.95 on 2026-10-26: -59.0% from the 52-week high, +28.6% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹55.64 · low ₹18.25

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	151	140	137	134	131	143	156	140
EBITDA	11	12	11	11	11	12	13	13
OPM %	7.5%	8.3%	8.3%	8.4%	8.2%	8.3%	8.6%	9.6%
Other income	0	0	0	0	0	0	0	0
Net profit	2	2	2	2	1	2	3	3
EPS (₹)	0.26	0.25	0.30	0.24	0.17	0.25	0.49	0.43
Revenue YoY					-12.9%	+2.1%	+13.6%	+3.9%
Profit YoY					-33.9%	0.0%	+62.0%	+82.7%

Standalone figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	436	466	432	509	564	569
EBITDA	28	34	35	43	47	49
Net profit	7	9	5	6	8	9
EPS (₹)	1.14	1.35	0.78	0.92	1.15	1.34
Revenue growth		+6.9%	-7.3%	+17.7%	+10.8%	+1.3%
Profit growth		+18.9%	-42.6%	+18.9%	+25.0%	+28.4%
Dividend / share (₹)	–	–	0.05	0.07	0.07

Compounded growth	3 years	5 years	Last 12 months
Sales	+6.5%	+15.7%	+1.3%
Net profit	-5.2%	–	+28.4%
EPS	-5.2%	–	–
Share price	–	-2.8% (2y)	-4.8%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	125	130	135	142
Borrowings	–	144	172	239	241
Cash & equivalents	–	17	12	21	18
Total assets	–	379	418	504	551
Fixed assets	–	108	111	119	130
Capital work in progress	–	6	10	28	24
Investments	–	0	0	1	1
Receivables	–	45	47	53	85
Inventory	–	140	159	204	213
Payables	–	81	93	107	135

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	8	13	6	1	40
Cash from investing	-13	-16	-11	-33	-18
Cash from financing	5	3	5	39	-26
Capex	10	0	0	0	17
Free cash flow	-2	13	6	1	23

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	7.1%	3.9%	4.5%	5.3%
ROCE %	–	10.4%	9.3%	9.5%	10.0%
Debtor days	–	35	40	38	55
Inventory days	–	159	195	208	189
Payable days	–	93	114	109	120
Cash conversion cycle (days)	–	101	121	137	124
Working capital days	–	54	43	35	45

Shareholding

Holder	% (2026-09-30)
Promoters	74.87%
FIIs	0.27%
Government	0.00%
Public (non-institutions)	24.86%

Quarter	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters %	72.86%	72.86%	72.86%	74.87%	74.87%	74.87%	74.87%	74.87%

Promoter group	%
Sunil Kumar Agrawal	37.15%
Anirudha Agrawal	37.12%
Sunil Kumar Agrawal& Sons HUF	0.60%
Tushar Agrawal	0.00%
Basudeo Agrawal	0.00%
Vineet Agrawal	0.00%
Sushil Kumar Agrawal	0.00%
Sushil Kumar Agarwal & Sons HUF	0.00%
Karan Agrawal	0.00%
Anuradha Agrawal	0.00%
MP Agarwal and Sons HUF	0.00%
Shailaja Agrawal	0.00%
B D Agrawal & Sons HUF	0.00%
Shobha Devi Agrawal	0.00%
Manju Agrawal	0.00%

Public holders above 1%	%
Monet Securities PVT Ltd	3.37%
Anita Bhubna	1.56%

30,944 shareholders. Pledged: – of promoter shares.

Peers in Aluminium

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
HINDALCO	₹1,96,614 cr	12.0x	1.4x	12.6%	11.1%	10.7%	+7.2%	0.56%
VAML	₹68,502 cr	–	–	–	–	–	–	–
NATIONALUM	₹57,377 cr	8.5x	2.6x	34.3%	42.2%	47.4%	+7.8%	3.52%
ARFIN	₹1,449 cr	78.8x	8.5x	10.8%	15.2%	6.9%	–	0.13%
MAANALU	₹527 cr	35.2x	1.9x	6.2%	7.0%	2.5%	-0.2%	–
MSAFE	₹474 cr	18.6x	6.1x	28.9%	42.8%	39.5%	–	–
PGFOILQ	₹221 cr	6.8x	0.7x	-1.0%	2.3%	0.9%	-1.9%	–
MANAKALUCO	₹183 cr	20.9x	1.3x	6.4%	10.6%	8.7%	+6.5%	0.25%
PALCO	₹79 cr	10.3x	4.4x	51.6%	30.3%	4.5%	+1,703.2%	–
HINDALUMI	₹55 cr	14.7x	0.6x	4.2%	-1.4%	-22.7%	+44.7%	–

All 15 companies in Aluminium →

Dividends & corporate actions

Ex-date	Action	Detail
2026-09-15	Dividend	Dividend - Re 0.05 Per Share
2025-09-08	Dividend	Dividend - Re 0.07 Per Share
2024-09-13	Other	Annual General Meeting
2024-09-13	Dividend	Dividend - Re 0.07 Per Share
2023-08-22	Dividend	Annual General Meeting/Dividend - Re 0.05 Per Share
2022-09-05	Other	Annual General Meeting
2021-09-16	Other	Annual General Meeting
2020-09-16	Other	Annual General Meeting
2019-09-16	Other	Annual General Meeting
2018-09-18	Other	Annual General Meeting
2017-09-13	Other	Annual General Meeting
2016-09-14	Other	Annual General Meeting
2015-09-15	Other	Annual General Meeting

Documents

Links go to the original files on the exchange website.

About the company


Sector	Commodities
Industry	Aluminium
Sub-industry	Aluminium
Symbol	MANAKALUCO
BSE code	539045
ISIN	INE859Q01017
Face value	₹1.0
Incorporated	–
Website	–
Plants (India / abroad)	–

Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.