Manaksia Steels Ltd
NSE: MANAKSTEEL · Iron & Steel · sector
₹103.19NSE close 2026-10-26
Key numbers
Market cap₹676 cr
Price₹103.19
52w high / low₹121 / ₹45
P/E12.0xSector median 16.4x
P/B2.1xSector median 2.1x
Book value₹49.7
Dividend yield–Sector median 0.39%
ROE18.2%Sector median 9.1%
ROCE19.5%Sector median 10.1%
OPM8.0%Sector median 12.4%
Debt / equity0.46xSector median 0.35x
EV/EBITDA7.6xSector median 8.1x
Interest cover5.5x
Current ratio1.51x
Sales growth 3y+15.1%Sector median +1.5%
Profit growth 3y+48.5%Sector median +15.7%
PEG0.25x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 14 companies in Iron & Steel (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹73 cr vs borrowings ₹149 cr (FY26): borrowings are higher by ₹76 cr.
- Operating profit covered interest 5.5x in the last 12 months.
- Operating cash flow was below net profit in 2 of the last 5 years (FY24, FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 10% of net profit in the last 12 months.
- No dividend in the last 5 financial years.
- Price ₹103.19 on 2026-10-26: -14.5% from the 52-week high, +128.8% 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 ₹111.44 · low ₹44.94
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 104 | 160 | 204 | 217 | 263 | 318 | 333 | 327 |
| EBITDA | -3 | 6 | 9 | 11 | 12 | 15 | 38 | 34 |
| OPM % | -3.2% | 3.6% | 4.4% | 4.9% | 4.7% | 4.8% | 11.4% | 10.2% |
| Other income | 8 | 0 | 1 | 3 | 1 | 3 | -2 | 4 |
| Net profit | 1 | 2 | 5 | 6 | 4 | 10 | 19 | 23 |
| EPS (₹) | 0.17 | 0.35 | 0.72 | 0.99 | 0.69 | 1.47 | 2.95 | 3.46 |
| Revenue YoY | +151.5% | +98.1% | +63.2% | +50.6% | ||||
| Profit YoY | +312.8% | +314.2% | +310.2% | +249.0% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 611 | 742 | 681 | 634 | 1,131 | 1,241 |
| EBITDA | 53 | 24 | 37 | 14 | 77 | 99 |
| Net profit | 35 | 12 | 28 | 10 | 40 | 56 |
| EPS (₹) | 5.39 | 1.86 | 4.33 | 1.49 | 6.09 | 8.57 |
| Revenue growth | +21.5% | -8.3% | -6.9% | +78.3% | +80.8% | |
| Profit growth | -65.5% | +132.8% | -65.6% | +309.4% | +283.9% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +15.1% | +17.5% | +80.8% |
| Net profit | +48.5% | +8.5% | +283.9% |
| EPS | +48.5% | +8.5% | – |
| Share price | – | +30.0% (2y) | +86.0% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 290 | 300 | 289 | 326 |
| Borrowings | – | 48 | 185 | 204 | 149 |
| Cash & equivalents | – | 101 | 175 | 135 | 73 |
| Total assets | – | 420 | 520 | 537 | 593 |
| Fixed assets | – | 72 | 59 | 62 | 152 |
| Capital work in progress | – | 7 | 32 | 93 | 33 |
| Investments | – | 43 | 40 | 24 | 17 |
| Receivables | – | 17 | 26 | 38 | 64 |
| Inventory | – | 126 | 140 | 136 | 155 |
| Payables | – | 15 | 10 | 21 | 54 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -1 | 24 | -52 | 14 | 62 |
| Cash from investing | 57 | -65 | -84 | -21 | 3 |
| Cash from financing | -59 | 35 | 130 | 9 | -70 |
| Capex | 7 | 8 | 39 | 71 | 37 |
| Free cash flow | -7 | 16 | -91 | -57 | 24 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 4.2% | 9.4% | 3.4% | 12.2% |
| ROCE % | – | 6.2% | 9.5% | 4.2% | 14.8% |
| Debtor days | – | 8 | 14 | 22 | 21 |
| Inventory days | – | 74 | 91 | 93 | 63 |
| Payable days | – | 9 | 7 | 14 | 22 |
| Cash conversion cycle (days) | – | 73 | 98 | 101 | 62 |
| Working capital days | – | 83 | 89 | 69 | 42 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 74.75% |
| FIIs | 0.66% |
| DIIs | 1.04% |
| Government | 0.63% |
| Public (non-institutions) | 22.92% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 74.75% | 74.75% | 74.75% | 74.75% | 74.75% | 74.75% | 74.75% | 74.75% |
| Promoter group | % |
|---|---|
| Payal Agrawal | 19.51% |
| Varun Agrawal | 19.47% |
| Suresh Kumar Agrawal | 18.85% |
| Chandrakala Agrawal | 16.40% |
| S. K. Agrawal & Sons HUF (Suresh Kumar Agrawal) | 0.51% |
| Public holders above 1% | % |
|---|---|
| Shree Bahubali Stock Broking Limited | 1.23% |
| Prudent Equity ACE Fund | 1.04% |
25,298 shareholders. Pledged: – of promoter shares.
Peers in Iron & Steel
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| JSWSTEEL | ₹3,07,440 cr | 12.4x | 3.1x | 27.6% | 21.2% | 25.8% | +3.8% | 0.22% |
| TATASTEEL | ₹2,11,990 cr | 19.2x | 2.1x | 11.4% | 12.1% | 14.6% | -1.6% | 2.12% |
| JINDALSTEL | ₹1,05,841 cr | 38.9x | 2.1x | 5.5% | 7.4% | 15.0% | +0.3% | 0.20% |
| SAIL | ₹70,136 cr | 16.4x | 1.2x | 7.2% | 8.0% | 11.3% | +2.0% | 0.94% |
| JSL | ₹56,775 cr | 17.0x | 2.7x | 17.0% | 17.8% | 12.4% | +6.4% | 0.43% |
| SARDAEN | ₹15,738 cr | 13.9x | 2.1x | 16.6% | 17.6% | 32.4% | +10.6% | 0.34% |
| NSLNISP | ₹11,300 cr | 124.4x | 0.9x | 0.6% | 3.3% | 10.8% | – | – |
| SANDUMA | ₹7,632 cr | 10.7x | 2.3x | 24.4% | 25.5% | 22.9% | – | 0.27% |
| JAIBALAJI | ₹5,738 cr | 39.8x | 2.5x | 6.6% | 10.1% | 6.0% | -1.9% | – |
| MANAKSTEEL | ₹676 cr | 12.0x | 2.1x | 18.2% | 19.5% | 8.0% | +15.1% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-09-11 | Other | Annual General Meeting |
| 2023-09-14 | Other | Annual General Meeting |
| 2022-09-19 | Other | Annual General Meeting |
| 2021-09-13 | Other | Annual General Meeting |
| 2020-09-21 | Other | Annual General Meeting |
| 2019-09-17 | Other | Annual General Meeting |
| 2018-09-18 | Other | Annual General Meeting |
| 2017-09-13 | Other | Annual General Meeting |
| 2016-09-15 | Other | Anuual General Meeting |
| 2015-09-15 | 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 | Commodities |
| Industry | Iron & Steel |
| Sub-industry | Iron & Steel |
| Symbol | MANAKSTEEL |
| BSE code | 539044 |
| ISIN | INE824Q01011 |
| 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.