Manaksia Ltd.
NSE: MANAKSIA · Iron & Steel Products · sector
₹51.90NSE close 2026-10-26
Key numbers
Market cap₹340 cr
Price₹51.90
52w high / low₹73 / ₹42
P/E5.4xSector median 15.5x
P/B0.5xSector median 1.7x
Book value₹110.3
Dividend yield–Sector median 0.60%
ROE9.7%Sector median 11.1%
ROCE11.9%Sector median 11.9%
OPM5.7%Sector median 6.7%
Debt / equity0.04xSector median 0.21x
EV/EBITDA-0.9xSector median 11.8x
Interest cover23.4x
Current ratio7.34x
Sales growth 3y-12.4%Sector median +2.1%
Profit growth 3y-21.2%Sector median +13.0%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 118 companies in Iron & Steel Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹415 cr vs borrowings ₹30 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 23.4x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 4 of the last 5 years (FY26, FY25, FY23, FY22).
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Other income was 76% of net profit in the last 12 months.
- Dividend paid in 3 of the last 5 financial years.
- Price ₹51.90 on 2026-10-26: -29.3% from the 52-week high, +23.3% 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 ₹107.76 · low ₹47.04
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 169 | 188 | 269 | 173 | 190 | 184 | 237 | 223 |
| EBITDA | 9 | 16 | 12 | 10 | 7 | 7 | 17 | 16 |
| OPM % | 5.4% | 8.6% | 4.5% | 5.7% | 3.7% | 3.7% | 7.4% | 7.3% |
| Other income | 16 | 9 | 8 | 14 | 11 | 17 | -3 | 23 |
| Net profit | 15 | 13 | 12 | 15 | 11 | 15 | 12 | 26 |
| EPS (₹) | 2.23 | 1.95 | 1.76 | 2.29 | 1.68 | 2.22 | 1.80 | 3.89 |
| Revenue YoY | +12.1% | -2.1% | -11.9% | +28.5% | ||||
| Profit YoY | -24.9% | +13.7% | +2.3% | +70.1% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,174 | 1,165 | 702 | 731 | 784 | 833 |
| EBITDA | 228 | 146 | 63 | 48 | 41 | 48 |
| Net profit | 183 | 107 | 76 | 56 | 52 | 63 |
| EPS (₹) | 27.93 | 16.30 | 11.53 | 8.54 | 7.99 | 9.59 |
| Revenue growth | -0.7% | -39.8% | +4.2% | +7.3% | +4.3% | |
| Profit growth | -41.6% | -29.3% | -25.9% | -6.5% | +16.5% | |
| Dividend / share (₹) | 3.00 | 3.00 | 3.00 | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -12.4% | -1.9% | +4.3% |
| Net profit | -21.2% | -2.6% | +16.5% |
| EPS | -21.2% | -2.6% | – |
| Share price | – | -22.5% (2y) | -17.3% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,124 | 550 | 572 | 723 |
| Borrowings | – | 58 | 74 | 26 | 30 |
| Cash & equivalents | – | 949 | 509 | 349 | 415 |
| Total assets | – | 1,393 | 722 | 714 | 862 |
| Fixed assets | – | 121 | 45 | 48 | 50 |
| Capital work in progress | – | 3 | 0 | 6 | 51 |
| Investments | – | 1 | 2 | 10 | 23 |
| Receivables | – | 143 | 50 | 66 | 70 |
| Inventory | – | 70 | 67 | 95 | 66 |
| Payables | – | 35 | 22 | 52 | 40 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 140 | 53 | 135 | -275 | -11 |
| Cash from investing | 7 | 15 | 323 | 358 | -85 |
| Cash from financing | 32 | -91 | -16 | -68 | 1 |
| Capex | 3 | 11 | 1 | 12 | 49 |
| Free cash flow | 137 | 42 | 133 | -288 | -60 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 9.5% | 13.7% | 9.8% | 7.2% |
| ROCE % | – | 17.1% | 18.6% | 16.1% | 9.9% |
| Debtor days | – | 45 | 26 | 33 | 33 |
| Inventory days | – | 31 | 50 | 61 | 39 |
| Payable days | – | 16 | 16 | 33 | 23 |
| Cash conversion cycle (days) | – | 60 | 60 | 61 | 49 |
| Working capital days | – | 321 | 271 | 272 | 295 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 74.93% |
| FIIs | 0.96% |
| Government | 0.21% |
| Public (non-institutions) | 23.90% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 74.93% | 74.93% | 74.93% | 74.93% | 74.93% | 74.93% | 74.93% | 74.93% |
| Promoter group | % |
|---|---|
| Varun Agrawal | 18.88% |
| Vineet Agrawal | 12.38% |
| Vajra Machineries Private Limited | 9.51% |
| Suresh Kumar Agrawal | 9.43% |
| Anuradha Agrawal | 7.19% |
| Manaksia Steels Limited | 6.10% |
| Basudeo Agrawal | 3.47% |
| Payal Agrawal | 2.85% |
| Shobha Devi Agrawal | 1.99% |
| Chandrakala Agrawal | 1.90% |
| BD Agrawal & Sons HUF (Basudeo Agrawal) | 0.71% |
| S.K.Agarwal & Sons HUF (Suresh Kumar Agrawal) | 0.51% |
| Mahabir Prasad Agrawal | 0.00% |
| Karan Agrawal | 0.00% |
| Sunil Kumar Agrawal | 0.00% |
| Public holders above 1% | % |
|---|---|
| Thermo Capital Private Limited | 1.20% |
33,036 shareholders. Pledged: 0.00% of promoter shares.
Peers in Iron & Steel Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| WELCORP | ₹61,798 cr | 26.7x | 6.8x | 27.8% | 19.2% | 13.9% | +19.8% | 0.21% |
| APLAPOLLO | ₹57,703 cr | 46.9x | 10.9x | 25.9% | 30.1% | 8.0% | +12.6% | 0.28% |
| SHYAMMETL | ₹31,351 cr | 28.0x | 2.7x | 7.8% | 14.2% | 12.9% | +13.7% | 0.36% |
| RATNAMANI | ₹16,345 cr | 37.8x | 4.0x | 11.2% | 15.7% | 16.7% | +0.1% | 0.60% |
| JINDALSAW | ₹14,824 cr | 26.9x | 1.2x | 4.4% | 7.2% | 9.5% | +0.1% | 0.86% |
| USHAMART | ₹14,192 cr | 27.9x | 4.3x | 16.8% | 20.1% | 19.6% | +4.1% | 0.64% |
| GALLANTT | ₹12,989 cr | 31.9x | 3.7x | 12.4% | 14.2% | 13.8% | +3.1% | 0.08% |
| GPIL | ₹11,769 cr | 14.6x | 2.0x | 15.1% | 18.7% | 21.4% | -2.2% | 0.54% |
| JAYNECOIND | ₹8,607 cr | 12.5x | 2.6x | 23.4% | 25.6% | 18.9% | +4.0% | – |
| MANAKSIA | ₹340 cr | 5.4x | 0.5x | 9.7% | 11.9% | 5.7% | -12.4% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Metal Products | ₹693 cr | 88.4% | ₹36 cr | 5.1% |
| Packaging Products | ₹90 cr | 11.5% | ₹11 cr | 12.3% |
| Others | ₹1 cr | 0.1% | ₹0 cr | 24.0% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-09-11 | Other | Annual General Meeting |
| 2023-09-14 | Dividend | Annual General Meeting/Dividend - Rs 3 Per Share |
| 2022-11-25 | Dividend | Interim Dividend - Rs 3 Per Share |
| 2022-09-19 | Other | Annual General Meeting |
| 2021-09-13 | Dividend | Dividend - Rs 3 Per Share |
| 2020-09-21 | Other | Annual General Meeting |
| 2020-03-05 | Dividend | Interim Dividend - Rs 7.50 Per Share |
| 2019-11-20 | Dividend | Interim Dividend - Rs 3 Per Share |
| 2019-09-17 | Other | Annual General Meeting |
| 2019-02-21 | Dividend | Interim Dividend - Rs 3 Per Share |
| 2018-09-18 | Other | Annual General Meeting |
| 2017-09-13 | Other | Annual General Meeting |
| 2017-09-07 | Dividend | Interim Dividend-Rs 3/- Per Share (Purpose Revised) |
| 2016-09-14 | Other | Annual General Meeting |
| 2015-11-10 | Dividend | Interim Dividend - Rs 2/- Per Share (Purpose Revised) |
| 2015-09-15 | Other | Annual General Meeting |
| 2015-02-18 | Dividend | Interim Dividend - Rs 2/- Per Share (Purpose Revised) |
| 2014-12-04 | Restructuring | Scheme Of Arrangement |
| 2014-09-15 | Other | Annual General Meeting |
| 2013-09-19 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Industrials |
| Industry | Iron & Steel Products |
| Sub-industry | Iron & Steel Products |
| Symbol | MANAKSIA |
| BSE code | 532932 |
| ISIN | INE015D01022 |
| Face value | ₹2.0 |
| 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.