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Manaksia Steels Ltd

(MANAKSTEEL)

₹59.234.07%

as on 04:01PM, 21 Nov 2024

Overview
News
Financials
Q2 2024 Results
Technicals

Manaksia Steels Ltd Performance

  • Day's Low

    Day's High

    ₹58.01
    ₹63.17
  • 52 Week's Low

    52 Week's High

    ₹43.4
    ₹107
1 Month Return-7.81 %
3 Month Return+ 14.63 %
1 Year Return+ 32.06 %
Previous Close₹61.74
Open₹62.97
Volume67.09K
Upper Circuit-
Lower Circuit-
Market Cap₹404.61Cr

Manaksia Steels Ltd Key Statistics

P/E Ratio33.55
PEG Ratio-13.7
Market Cap₹404.61 Cr
P/B Ratio1.25
EPS4.33
Dividend Yield0
SectorSteel
ROE8.44

Manaksia Steels Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
NA₹404.61 Cr111.36%0.69₹28 Cr₹681 Cr
NA₹472.43 Cr310.44%0.78₹11 Cr₹739 Cr
NA₹332.85 Cr88.23%0.66NANA
NA₹3,351.34 Cr52.4%0.63₹248 Cr₹1,959 Cr
NA₹32.67 Cr795.87%0.50NANA

About Manaksia Steels Ltd

Manaksia Steels Limited, a Flagship Company of the Manaksia Group, was founded in 2001 and is engaged in manufacturing of steel products that have acquired international recognition such as ISO 9001: 2015. The product range includes Cold Rolled Steel Sheets and Coils, Galvanized Steel Sheets and Coils, and Color Coated Steel Sheets and Coils. In 2014, a Scheme of Arrangement under Sections 391-394 of the Companies Act 1956 was sanctioned by the Honble Calcutta High Court for the demerger of Steel Undertaking from Manaksia Limited into Manaksia Steels Limited. The company has three steel plants for manufacturing Cold Rolled Coils, Galvanized Corrugated Sheets and Galvanised Plain Sheets, with an additional facility in Haldia for Colouring Coating of Galvanized Steel Sheets and Cold Rolled Aluminium Sheets. Manaksia Steels Limited has also established a subsidiary at Dubai and two companies at Nigeria for manufacturing steel long products. However, due to the COVID-19 outbreak, the company has stopped operations until local governments provide the directive when to resume.

Share Price: ₹59.23 per share as on 21 Nov, 2024 04:01 PM
Market Capitalisation: ₹404.61Cr as of today
Revenue: ₹104.45Cr as on September 2024 (Q3 24)
Net Profit: ₹1.09Cr as on September 2024 (Q3 24)
Listing date: 30 Mar, 2015
OrganisationManaksia Steels Ltd
Headquarters
IndustrySteel
E-voting on sharesClick here to vote

Key events for Manaksia Steels Ltd

  • Manaksia Steels Q4 2024 Net Sales Down by 30.9% YoY - 18 Jun, 2024

    Manaksia Steels reported a decrease in net sales and profit for Q4 2024 compared to the same period last year. The company's EPS has also decreased. However, the stock has given positive returns of 21.17% over the last 6 months and 43.22% over the last 12 months.

  • Manaksia Steels Reports Decrease in Net Sales and EPS - 12 Jun, 2024

    Manaksia Steels reported a decrease of 27.21% YoY in net sales for March 2024, with quarterly net profit down by 2.78%. However, EBITDA increased by 16.02%. The company's EPS decreased from Rs. 0.82 to Rs. 0.80. Manaksia Steels shares closed at 54.15 on June 11, 2024 (NSE), providing returns of 20.87% over the last 6 months and 37.96% over the last 12 months.

  • Manaksia Steels' Profitability May Be Overstated - 07 Jun, 2024

    Manaksia Steels Limited's accrual ratio of 0.43 over the past year and negative free cash flow of ₹909m, despite a profit of ₹283.8m, suggests that its statutory profits may not reflect its true earnings power.

  • Manaksia Steels' Key Financial Indicators Look Decent Despite Share Price Drop - 21 May, 2024

    Despite a 22% drop in share price over the past three months, Manaksia Steels' key financial indicators look decent. Markets usually reward more resilient long-term fundamentals, which could mean that the stock may potentially rise in the future.

Insights on Manaksia Steels Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 3 months, MANAKSTEEL stock has moved up by 14.6%

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 24.52% to 24.61% in Sep 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Jindal Steel & Power Ltd has given 32.2% return, outperforming this stock by 0.1%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Jindal Steel & Power Ltd has given 134.9% return, outperforming this stock by 27.7%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 74.75% of holdings in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 6 quarters, 10.15 Cr → 1.09 Cr (in ₹), with an average decrease of 32.3% per quarter

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 2 quarters, 168.98 Cr → 112.29 Cr (in ₹), with an average decrease of 33.6% per quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 0.73% to 0.64% in Sep 2024 quarter

Manaksia Steels Ltd Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹166.33Cr (-)₹133.60Cr (↓19.68%)₹162.91Cr (↑21.94%)₹165.18Cr (↑1.39%)₹104.45Cr (↓36.77%)
Net Income₹8.92Cr (-)₹4.81Cr (↓46.08%)₹4.51Cr (↓6.24%)₹1.63Cr (↓63.86%)₹1.09Cr (↓33.13%)
Net Profit Margin5.36% (-)3.60% (↓32.84%)2.77% (↓23.06%)0.99% (↓64.26%)1.04% (↑5.05%)
Value in ₹ crore
Details2021202220232024
Total Assets₹308.49Cr (-)₹291.86Cr (↓5.39%)₹358.73Cr (↑22.91%)₹546.55Cr (↑52.36%)
Total Liabilities₹89.84Cr (-)₹34.40Cr (↓61.71%)₹76.86Cr (↑123.43%)₹237.58Cr (↑209.11%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow-₹5.98Cr (-)₹34.17Cr (↓671.40%)-₹1.96Cr (↓105.74%)₹29.23Cr (↓1,591.33%)-₹49.42Cr (↓269.07%)
0

Manaksia Steels Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
74.75%
0.00
Foreign Institutions
0.64%
-12.65
Mutual Funds
0%
0.00
Retail Investors
24.61%
0.38
Others
0%
0.00

Manaksia Steels Ltd Key Indicators

Details20202021202220232024
Return On Equity %4.169.5612.424.698.44
Details20202021202220232024
Return On Assets %2.878.612.13.45.19
Details20202021202220232024
Book Value Per Share (₹)29.173440.644.3145.85
Details20202021202220232024
Earning Per Share (₹)1.314.055.391.864.33

Manaksia Steels Ltd Valuation

Manaksia Steels Ltd in the last 5 years

  • Overview

  • Trends

Lowest (3.49x)

October 13, 2020

Industry (23.70x)

November 19, 2024

Today (33.55x)

November 19, 2024

Highest (40.20x)

October 14, 2024

LowHigh

Manaksia Steels Ltd Earnings and Dividends

  • Manaksia Steels Ltd Earnings Results

    Manaksia Steels Ltd’s net profit fell -87.78% since last year same period to ₹1.09Cr in the Q2 2024-2025. On a quarterly growth basis, Manaksia Steels Ltd has generated -33.13% fall in its net profits since last 3-months.

    Read More about Earnings Results

Manaksia Steels Ltd Technicals Summary

Bearish

Neutral

Bullish

Bearish

Manaksia Steels Ltd is currently in a Bearish trading position according to technical analysis indicators.

FAQs on Manaksia Steels Ltd

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Manaksia Steels Ltd (MANAKSTEEL) share price today is ₹59.23

Manaksia Steels Ltd is listed on NSE

Manaksia Steels Ltd is listed on BSE

  • Today’s highest price of Manaksia Steels Ltd is ₹63.17.
  • Today’s lowest price of Manaksia Steels Ltd is ₹58.01.

PE Ratio of Manaksia Steels Ltd is 33.55

PE ratio = Manaksia Steels Ltd Market price per share / Manaksia Steels Ltd Earnings per share

Today’s traded volume of Manaksia Steels Ltd(MANAKSTEEL) is 67.09K.

Today’s market capitalisation of Manaksia Steels Ltd(MANAKSTEEL) is ₹404.61Cr.

Manaksia Steels Ltd(MANAKSTEELPrice
52 Week High
₹107
52 Week Low
₹43.4

Manaksia Steels Ltd(MANAKSTEEL) share price is ₹59.23. It is down -44.64% from its 52 Week High price of ₹107

Manaksia Steels Ltd(MANAKSTEEL) share price is ₹59.23. It is up 36.47% from its 52 Week Low price of ₹43.4

Manaksia Steels Ltd(MANAKSTEELReturns
1 Day Returns
-2.51%
1 Month Returns
-7.81%
3 Month Returns
14.63%
1 Year Returns
32.06%