Market Cap ₹413 Cr.
Stock P/E 13.7
P/B 1.3
Current Price ₹63
Book Value ₹ 48.3
Face Value 1
52W High ₹107.1
Dividend Yield 0%
52W Low ₹ 36.1
Manaksia Steels Ltd is a manufacturer of value added secondary metal products. The Company offers hot/cold rolled products of metal. It operates via Metals segment. The Company manufactures and sells metal merchandise which includes Cold Rolled Sheets, that are used in indoors and outside panels of automobiles, buses and commercial cars; Galvanised Corrugated Sheets, which are used in the rural housing quarter and factory buildings; Galvanised Plain Sheets, which are used within the manufacture of bins and water tanks, and Colour Coated (Pre-painted) Coils and Sheets for sale to construction, housing, customer durable and other industries. The Company has a 120,000 million tons/annum (MTPA) metal cold rolling plant at Haldia for manufacture of Cold Rolled Coils and Sheets, and continuous galvanizing plants at Bankura (30,000 MTPA) and Haldia (60,000 MTPA). The Company has additionally facilities for roll forming/profiling for direct supply to initiatives for industrial roofing.
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 109 | 163 | 202 | 194 | 156 | 156 | 236 | 218 | 166 | 134 |
| Other Income | 3 | 1 | 1 | 0 | 2 | 3 | 1 | 3 | 4 | 4 |
| Total Income | 112 | 164 | 203 | 194 | 159 | 159 | 237 | 222 | 171 | 137 |
| Total Expenditure | 101 | 152 | 183 | 190 | 152 | 152 | 225 | 205 | 157 | 127 |
| Operating Profit | 11 | 12 | 20 | 5 | 7 | 7 | 13 | 17 | 14 | 10 |
| Interest | 0 | 0 | 1 | 0 | 1 | 1 | 2 | 1 | 1 | 3 |
| Depreciation | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 2 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 0 | 2 |
| Profit Before Tax | 8 | 9 | 17 | 1 | 3 | 4 | 8 | 13 | 12 | 7 |
| Provision for Tax | 2 | 1 | 6 | 1 | 1 | 1 | 2 | 3 | 3 | 2 |
| Profit After Tax | 6 | 8 | 10 | 1 | 2 | 3 | 6 | 10 | 9 | 5 |
| Adjustments | -0 | -0 | -0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 |
| Profit After Adjustments | 6 | 8 | 10 | 1 | 2 | 3 | 6 | 10 | 9 | 5 |
| Adjusted Earnings Per Share | 0.9 | 1.2 | 1.6 | 0.1 | 0.4 | 0.4 | 0.9 | 1.5 | 1.4 | 0.7 |
| #(Fig in Cr.) | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
|---|---|---|---|---|---|---|---|
| Net Sales | 503 | 688 | 536 | 504 | 611 | 742 | 754 |
| Other Income | 3 | 5 | 6 | 7 | 8 | 7 | 12 |
| Total Income | 507 | 693 | 542 | 512 | 619 | 750 | 767 |
| Total Expenditure | 473 | 668 | 520 | 465 | 558 | 718 | 714 |
| Operating Profit | 34 | 25 | 22 | 47 | 61 | 31 | 54 |
| Interest | 4 | 3 | 2 | 2 | 2 | 4 | 7 |
| Depreciation | 8 | 6 | 9 | 10 | 11 | 10 | 8 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit Before Tax | 22 | 16 | 11 | 34 | 49 | 17 | 40 |
| Provision for Tax | 7 | 8 | 2 | 8 | 14 | 5 | 10 |
| Profit After Tax | 16 | 8 | 9 | 27 | 35 | 12 | 30 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 16 | 8 | 9 | 27 | 35 | 12 | 30 |
| Adjusted Earnings Per Share | 2.4 | 1.3 | 1.3 | 4.1 | 5.4 | 1.9 | 4.5 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 21% | 11% | 8% | 0% |
| Operating Profit CAGR | -49% | 12% | -2% | 0% |
| PAT CAGR | -66% | 10% | -6% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 69% | 34% | 29% | NA% |
| ROE Average | 4% | 11% | 8% | 8% |
| ROCE Average | 7% | 13% | 10% | 10% |
| #(Fig in Cr.) | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|
| Shareholder's Funds | 176 | 185 | 191 | 223 | 266 | 290 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 2 | 1 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 1 | 2 | 2 | 4 | 6 | 8 |
| Total Current Liabilities | 196 | 147 | 209 | 121 | 78 | 122 |
| Total Liabilities | 375 | 335 | 403 | 348 | 350 | 420 |
| Fixed Assets | 69 | 75 | 99 | 88 | 77 | 72 |
| Other Non-Current Assets | 6 | 32 | 40 | 122 | 39 | 57 |
| Total Current Assets | 301 | 228 | 264 | 138 | 235 | 291 |
| Total Assets | 375 | 335 | 403 | 348 | 350 | 420 |
| #(Fig in Cr.) | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 21 | 23 | 20 | 44 | 16 | 15 |
| Cash Flow from Operating Activities | -10 | 130 | -4 | 36 | -1 | 24 |
| Cash Flow from Investing Activities | -23 | -36 | -30 | -71 | 57 | -65 |
| Cash Flow from Financing Activities | 34 | -96 | 53 | 5 | -59 | 35 |
| Net Cash Inflow / Outflow | 1 | -2 | 20 | -30 | -3 | -5 |
| Closing Cash & Cash Equivalent | 23 | 20 | 44 | 16 | 15 | 11 |
| # | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 2.38 | 1.27 | 1.31 | 4.05 | 5.39 | 1.86 |
| CEPS(Rs) | 3.54 | 2.18 | 2.74 | 5.6 | 7.05 | 3.43 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 26.83 | 28.26 | 29.17 | 34 | 40.6 | 44.31 |
| Core EBITDA Margin(%) | 6.02 | 2.83 | 3.01 | 7.79 | 8.7 | 3.24 |
| EBIT Margin(%) | 5.18 | 2.72 | 2.38 | 7.24 | 8.26 | 2.83 |
| Pre Tax Margin(%) | 4.37 | 2.32 | 1.96 | 6.82 | 8.01 | 2.3 |
| PAT Margin (%) | 3.06 | 1.21 | 1.6 | 5.26 | 5.78 | 1.64 |
| Cash Profit Margin (%) | 4.55 | 2.08 | 3.35 | 7.28 | 7.56 | 3.03 |
| ROA(%) | 4.16 | 2.34 | 2.33 | 7.07 | 10.12 | 3.16 |
| ROE(%) | 8.88 | 4.61 | 4.57 | 12.82 | 14.45 | 4.38 |
| ROCE(%) | 9.73 | 8.14 | 5.82 | 13.55 | 17.93 | 6.86 |
| Receivable days | 67.87 | 47.07 | 43.3 | 23.18 | 14.72 | 11.42 |
| Inventory Days | 94.23 | 58.75 | 77.74 | 81.38 | 57.04 | 56.65 |
| Payable days | 74.8 | 65.39 | 109.91 | 68.73 | 9.3 | 8.2 |
| PER(x) | 13.28 | 16.72 | 4.99 | 5.84 | 8.03 | 18.84 |
| Price/Book(x) | 1.18 | 0.75 | 0.22 | 0.7 | 1.07 | 0.79 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.53 | 0.18 | 0.11 | 0.4 | 0.45 | 0.35 |
| EV/Core EBITDA(x) | 7.87 | 4.93 | 2.61 | 4.37 | 4.47 | 8.39 |
| Net Sales Growth(%) | 0 | 36.64 | -22.03 | -6 | 21.17 | 21.52 |
| EBIT Growth(%) | 0 | -29.2 | -31.88 | 186.35 | 38.27 | -58.33 |
| PAT Growth(%) | 0 | -46.69 | 3.24 | 208.75 | 33.05 | -65.5 |
| EPS Growth(%) | 0 | -46.69 | 3.24 | 208.75 | 33.05 | -65.5 |
| Debt/Equity(x) | 0.54 | 0.02 | 0.31 | 0.29 | 0.03 | 0.17 |
| Current Ratio(x) | 1.53 | 1.55 | 1.26 | 1.14 | 3 | 2.39 |
| Quick Ratio(x) | 0.86 | 0.94 | 0.6 | 0.43 | 1.66 | 1.36 |
| Interest Cover(x) | 6.34 | 6.82 | 5.74 | 17.33 | 32.51 | 5.35 |
| Total Debt/Mcap(x) | 0.46 | 0.02 | 1.38 | 0.42 | 0.03 | 0.21 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 74.75 | 74.75 | 74.75 | 74.75 | 74.75 | 74.75 | 74.75 | 74.75 | 74.75 | 74.75 |
| FII | 0.17 | 0.1 | 0.13 | 0.2 | 0.1 | 0.12 | 0.73 | 0.96 | 0.88 | 0.78 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 25.08 | 25.15 | 25.12 | 25.05 | 25.15 | 25.13 | 24.52 | 24.29 | 24.37 | 24.47 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 4.9 | 4.9 | 4.9 | 4.9 | 4.9 | 4.9 | 4.9 | 4.9 | 4.9 | 4.9 |
| FII | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.05 | 0.06 | 0.06 | 0.05 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 1.64 | 1.65 | 1.65 | 1.64 | 1.65 | 1.65 | 1.61 | 1.59 | 1.6 | 1.6 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6.55 | 6.55 | 6.55 | 6.55 | 6.55 | 6.55 | 6.55 | 6.55 | 6.55 | 6.55 |
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