Manaksia

₹108.5 1.2 | 1.1%

WEBSITE BSE:532932 NSE : MANAKSIA LTD 10 May, 16:01

Market Cap ₹711 Cr.

Stock P/E 7.2

P/B 0.9

Current Price ₹108.5

Book Value ₹ 121.9

Face Value 2

52W High ₹194.1

Dividend Yield 5.53%

52W Low ₹ 96.7

Edit Ratio

Manaksia Research see more...

Overview Inc. Year: 1984Industry: Trading

Manaksia Ltd is a holding organisation, which is engaged in the buying and selling of steel products, aluminium rolled merchandise and roll on pilfer proof (ROPP) closures. The Company's segments consist of Packaging Product, Metal Products and Others. The Packaging section is engaged in the manufacture and sale of pilfer proof(PP) cap, crown closures, metal bins, expanded polyethylene (EP) liners, washer and EP sheets. The Metal Products section manufactures and sells aluminium and steel galvanized sheets, and coils. The Others segment is engaged in the manufacture and sale of machines and spare elements. Its aluminium rolled merchandise in coil and sheet form are utilized in closures, bus bodies, floors and engineering purposes, and aluminium alloy ingots are used within the metal and automotive enterprise. Its ROPP closures are used for liquor and pharmaceutical sectors, crown closures for beer and carbonated soft drink sectors, and plastic closures for carbonated soft liquids and mineral water sectors.

Manaksia Share Price

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Peer Comparison

Manaksia Quarterly Results

#(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	236	306	359	308	262	289	306	236	199	152
Other Income	18	15	15	12	18	24	25	14	15	20
Total Income	255	322	374	320	280	313	330	250	214	172
Total Expenditure	198	242	275	256	234	262	266	206	173	131
Operating Profit	56	80	98	63	46	51	64	44	40	41
Interest	2	3	3	3	4	5	4	2	4	4
Depreciation	6	7	5	5	6	6	4	3	3	2
Exceptional Income / Expenses	0	0	0	0	0	0	0	-7	0	-9
Profit Before Tax	48	70	91	54	36	41	57	32	34	25
Provision for Tax	15	20	20	42	11	9	18	10	10	8
Profit After Tax	33	50	70	13	25	32	38	22	24	17
Adjustments	0	1	-2	1	-0	-1	-1	-0	-1	-1
Profit After Adjustments	34	51	68	13	25	31	38	22	23	16
Adjusted Earnings Per Share	5.1	7.8	10.4	2.1	3.8	4.7	5.7	3.4	3.5	2.5

Manaksia Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	2109	1679	1128	1099	1041	986	990	856	861	1174	1165	893
Other Income	10	7	4	4	5	96	66	63	33	60	77	74
Total Income	2119	1686	1132	1103	1046	1082	1056	919	894	1235	1243	966
Total Expenditure	1743	1356	928	918	865	895	906	784	760	946	1019	776
Operating Profit	376	330	204	185	181	188	151	135	134	289	223	189
Interest	55	37	28	21	17	18	10	6	6	10	15	14
Depreciation	105	93	62	60	48	44	44	42	32	25	21	12
Exceptional Income / Expenses	-32	0	0	0	0	0	0	0	0	0	0	-16
Profit Before Tax	184	200	113	104	116	126	97	88	96	254	187	148
Provision for Tax	15	9	9	10	15	30	22	27	31	68	80	46
Profit After Tax	169	191	104	94	101	96	75	61	65	186	108	101
Adjustments	1	0	-0	-0	-1	-1	-2	-2	-5	-3	-1	-3
Profit After Adjustments	170	191	103	93	101	95	73	59	60	183	107	99
Adjusted Earnings Per Share	26	29.2	15.8	14.2	15.4	14.5	11.2	8.9	9.1	27.9	16.3	15.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-1%	11%	3%	-6%
Operating Profit CAGR	-23%	18%	3%	-5%
PAT CAGR	-42%	21%	2%	-4%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-19%	17%	24%	4%
ROE Average	10%	12%	10%	11%
ROCE Average	17%	17%	14%	13%

Manaksia Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	1275	1089	1093	1206	817	990	1053	959	956	1062	1124
Minority's Interest	11	9	10	11	11	13	14	17	22	25	26
Borrowings	130	69	39	39	12	3	1	0	0	0	0
Other Non-Current Liabilities	62	8	7	6	32	45	48	47	42	34	33
Total Current Liabilities	684	277	264	179	394	144	153	105	152	253	210
Total Liabilities	2163	1453	1412	1441	1266	1194	1269	1128	1172	1374	1393
Fixed Assets	641	397	363	346	249	310	265	209	173	141	129
Other Non-Current Assets	254	68	112	162	20	12	78	72	50	36	28
Total Current Assets	1267	988	937	933	997	872	926	847	949	1197	1236
Total Assets	2163	1453	1412	1441	1266	1194	1269	1128	1172	1374	1393

Manaksia Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	31	35	34	23	105	354	142	116	160	112	239
Cash Flow from Operating Activities	176	116	113	262	481	279	-5	-37	279	140	53
Cash Flow from Investing Activities	-96	-75	-73	-92	-33	-335	-18	243	-302	7	15
Cash Flow from Financing Activities	-76	-70	36	-121	53	-188	-33	-97	33	32	-91
Net Cash Inflow / Outflow	4	-30	76	49	501	-244	-56	109	9	179	-23
Closing Cash & Cash Equivalent	35	34	23	104	354	142	116	160	112	239	196

Manaksia Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	25.98	29.19	15.78	14.23	15.35	14.48	11.16	8.94	9.1	27.93	16.3
CEPS(Rs)	41.91	43.36	25.38	23.43	22.76	21.38	18.15	15.69	14.7	32.19	19.61
DPS(Rs)	0	2	2	2	0	3	3	10.5	3	0	6
Book NAV/Share(Rs)	194.53	166.23	166.72	183.98	124.63	151.01	160.65	146.35	145.9	162	171.58
Core EBITDA Margin(%)	16.83	18.91	17.55	16.25	16.73	9.24	8.54	8.43	11.73	19.42	12.55
EBIT Margin(%)	10.98	13.85	12.44	11.23	12.66	14.49	10.8	10.94	11.84	22.47	17.4
Pre Tax Margin(%)	8.47	11.67	9.94	9.32	11.03	12.7	9.77	10.24	11.16	21.64	16.08
PAT Margin (%)	7.78	11.16	9.12	8.42	9.6	9.7	7.58	7.13	7.5	15.86	9.25
Cash Profit Margin (%)	12.62	16.61	14.6	13.79	14.15	14.15	12.01	12.01	11.19	17.97	11.03
ROA(%)	8.09	10.57	7.25	6.57	7.48	7.81	6.1	5.09	5.62	14.63	7.79
ROE(%)	14.31	16.16	9.52	8.16	10	10.64	7.35	6.07	6.75	18.46	9.86
ROCE(%)	14.68	15.87	11.19	9.41	11.25	13.9	9.99	9.05	10.3	24.16	17.2
Receivable days	48.88	43.88	30.59	27.84	45.5	46.38	30.62	36.05	27.42	22.5	35.88
Inventory Days	82.83	97.95	120.73	90.17	56.85	50.45	58.8	72.03	61.16	43.7	34.71
Payable days	83.41	72.58	55.68	29	66.09	60.62	37.76	47.52	41.87	22.98	15.59
PER(x)	1.61	2.29	3.47	2.91	4.42	3.45	3.48	3.04	5.52	2.65	6.53
Price/Book(x)	0.21	0.4	0.33	0.23	0.54	0.33	0.24	0.19	0.34	0.46	0.62
Dividend Yield(%)	0	2.99	3.65	4.83	0	6.01	7.73	38.67	5.97	0	5.63
EV/Net Sales(x)	0.35	0.32	0.49	0.28	0.29	0.24	0.18	0.03	0.3	0.29	0.41
EV/Core EBITDA(x)	1.94	1.62	2.72	1.66	1.64	1.25	1.19	0.18	1.95	1.18	2.13
Net Sales Growth(%)	8.5	-20.39	-32.84	-2.54	-5.3	-5.23	0.4	-13.55	0.58	36.36	-0.74
EBIT Growth(%)	31.32	-0.87	-40.17	-11.76	6.62	7.59	-25.48	-12.4	8.88	158.72	-23.14
PAT Growth(%)	43.76	12.75	-45.63	-9.74	7.93	-5.01	-21.9	-18.66	5.84	188.21	-42.12
EPS Growth(%)	43.07	12.39	-45.94	-9.86	7.9	-5.7	-22.92	-19.86	1.76	206.97	-41.65
Debt/Equity(x)	0.38	0.12	0.2	0.12	0.25	0.05	0.04	0.01	0.05	0.11	0.05
Current Ratio(x)	1.85	3.56	3.55	5.21	2.53	6.05	6.06	8.1	6.25	4.74	5.88
Quick Ratio(x)	1.09	2.12	2.21	4.12	2.19	5.07	4.89	6.58	5.39	4.14	5.55
Interest Cover(x)	4.37	6.37	4.98	5.9	7.77	8.12	10.49	15.61	17.31	27.17	13.17
Total Debt/Mcap(x)	1.79	0.3	0.61	0.52	0.46	0.16	0.18	0.07	0.16	0.23	0.08

Manaksia Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	74.93	74.93	74.93	74.93	74.93	74.93	74.93	74.93	74.93	74.93
FII	0.32	0.54	0.56	0.55	0.49	1.42	1.61	1.7	1.73	1.5
DII	0	0	0	0	0	0	0	0	0	0
Public	24.75	24.53	24.51	24.52	24.58	23.65	23.46	23.37	23.34	23.56
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	4.91	4.91	4.91	4.91	4.91	4.91	4.91	4.91	4.91	4.91
FII	0.02	0.04	0.04	0.04	0.03	0.09	0.11	0.11	0.11	0.1
DII	0	0	0	0	0	0	0	0	0	0
Public	1.62	1.61	1.61	1.61	1.61	1.55	1.54	1.53	1.53	1.54
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

Pros

Stock is trading at 0.9 times its book value
Debtor days have improved from 22.98 to 15.59days.
Company is almost debt free.

Cons

Company has a low return on equity of 12% over the last 3 years.
The company has delivered a poor profit growth of 2% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Manaksia

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Manaksia Research see more...

Overview Inc. Year: 1984Industry: Trading

Manaksia Share Price

Alert Data

Quarterly Price

Peer Comparison

Manaksia Quarterly Results

Manaksia Profit & Loss

Growth Rates

Manaksia Balance Sheet

Manaksia Cash Flow

Manaksia Ratios

Manaksia Shareholding Pattern

Manaksia News

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