MANAKSIAIndustrials

Manaksia Limited

Iron & Steel Products · ISIN INE015D01022 · BSE 532932 · NSE EQ · FV ₹2
Last price
₹64
-0.56%today
What this company does

Manaksia Limited operates in Iron & Steel Products, part of the Industrials sector. It booked ₹223 cr of revenue in its latest quarter (Q1 FY27) and kept 11.5% of sales as profit.

The Company is engaged in the business of manufacturing of sponge iron and steel ingots.
The Company is primarily engaged in the business of trading of Metals and other items. 2.
In the report:
71out of 100
Equitytale Health Score
Solid

Healthier than 71% of companies in Industrials, on all six measures of filed financials. Each measure is ranked against the 129–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
55

At close. Not part of the score.

Profitability & returns71

How much profit it earns on the money it employs

Balance sheet88

How much it owes, and whether earnings cover the interest

Cash quality48

Whether reported profit actually arrives as cash

Growth & consistency31

Whether sales and profit have grown, and how steadily

Valuation94

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 28% vs last year
Profit up 70% vs last year
Promoters hold 75%
No promoter shares pledged
Virtually debt-free
Watch-outs
! Operating cash flow is negative

What if I invest in MANAKSIA?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹64 -0.56%
latest close · 2026-09-17
1-year return
-3.9%
52-wk low ₹5552-wk high ₹106
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio4.1Low
LowAverageHigh
P/B ratio0.58Below book
Below bookModerateHigh
EV / EBITDA2.7Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity14.1%Fair
WeakFairStrong ▸15%
Return on capital19.8%Strong
WeakFairStrong
Net margin11.5%Decent
ThinDecentStrong
EBITDA margin17.5%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.04Comfortable
LowModerateHigh ▸1
Interest cover43.9×Strong
RiskyOkayStrong ▸5×
Current ratio7.34Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹420 cr
Book value
₹110
EPS
₹3.89
latest quarter
Net debt
₹-2 cr
more cash than debt
Enterprise value
₹417 cr
EBITDA
₹156 cr
annualised
EBIT
₹151 cr
annualised
Operating margin
16.9%
Return on assets
11.8%
Earnings yield
24.29%
P/S
0.47
Sales / share
₹136.0
Tax rate
27.6%
Face value
₹2
Shares
6.6 cr
Working capital
₹634 cr
Current assets
₹734 cr
Current liabilities
₹100 cr
Delivery %
63.2%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The models value it far above the market price — almost always a data quirk or a value trap, so we won't call it a bargain.
Models span ₹68₹80, midpoint ₹74

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹223 cr
Other Income₹23 cr
Total Income₹245 cr
Cost of Materials₹127 cr
Purchases of Stock-in-Trade₹37 cr
Inventory Change (±)₹4 cr
Employee Benefit Expense₹10 cr
Finance Costs₹85.9 L
Depreciation & Amortisation₹1 cr
Other Expenses₹29 cr
Total Expenses₹209 cr
Profit before Tax₹37 cr
Tax Expense₹10 cr
Net Profit₹27 cr
Net margin on total income10.9%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹167 cr68.2%
Employee benefit expense₹10 cr4.0%
Finance costs₹85.9 L0.4%
Depreciation & amortisation₹1 cr0.5%
Other expenses₹29 cr11.9%
Tax expense₹10 cr4.1%
Profit for the period₹27 cr10.9%
Total income ₹245 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue184 cr237 cr223 cr
Total income201 cr234 cr245 cr
Expenses180 cr221 cr209 cr
Profit before tax21 cr13 cr37 cr
Tax6 cr37.5 L10 cr
Net profit (owners' share)15 cr12 cr26 cr
Net margin (owners' share, on revenue)7.9%5.0%11.5%
EPS (₹)2.221.803.89
YoY (latest quarter): total income +31.2% · net profit +70.0%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹862 cr
Shareholder equity
₹723 cr
parent shareholders
Total debt
₹30 cr
Cash
₹33 cr
Cash flow · H1 FY26
Operating
₹-26 cr
Investing
₹-33 cr
Financing
₹11 cr
Peer comparison
Iron & Steel Products · by market value
CompanyPriceMarket capP/E
Welspun Corp Limited₹2,460₹64,903 cr15.5
APL Apollo Tubes Limited₹2,149₹59,664 cr56.7
Shyam Metalics and Energy Limited₹1,077₹29,982 cr21.4
Ratnamani Metals & Tubes Limited₹2,703₹18,943 cr57.6
Jindal Saw Limited₹291₹18,622 cr44.7
Usha Martin Limited₹496₹15,122 cr26.6
Godawari Power And Ispat limited₹238₹14,709 cr16.6
Gallantt Ispat Limited₹538₹12,974 cr26.2
Maharashtra Seamless Limited₹720₹9,651 cr9.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹3
ex 14 Sep 2023
ActionDetailEx-date
Dividend₹3 / share14 Sep 2023
Dividend₹3 / share25 Nov 2022
Dividend₹3 / share13 Sep 2021
Dividend₹7.5 / share5 Mar 2020
Dividend₹3 / share20 Nov 2019
Dividend₹3 / share21 Feb 2019
Who owns it · 2026-06-30
No pledge
Promoter
74.9%
FII / Foreign
0.9%
DII / Domestic
Retail / others
24.1%
Smart-money activity
Insider trades
BoughtVajra Machineries Private Limited · Promoter Group23.81 L · ₹25.2 cr31 Mar 23
SoldAnuradha Agrawal · Promoter Group12.91 L · ₹13.7 cr31 Mar 23
SoldPayal Agrawal · Promoter Group10.90 L · ₹11.6 cr31 Mar 23
Bulk / block deals
SoldGRAVITON RESEARCH CAPITAL LLP · NSE3.56 L @ ₹142.3611 Jan 24
BoughtGRAVITON RESEARCH CAPITAL LLP · NSE3.56 L @ ₹142.0111 Jan 24
SoldCOLLATE DEALERS PRIVATE LIMITED · NSE3.83 L @ ₹135.2711 Jan 24
Stake changes
BothVajra Machineries Pvt Ltd · promoter→ 9.51% · 23.81 L31 Mar 23
BothMrs. payal Agrawal · promoter→ 2.85% · 12.91 L31 Mar 23
BothMrs. Anuradha Agrawal · promoter→ 2.85% · 10.90 L31 Mar 23
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 14 Mar 2026
See the official result
1
Approval of Material Related Party Transactions by MINL Limited, a wholly-owned subsidiary of the Company with Manaksia Steels Limited, a related party of the Company, during the Financial Year 2026-27
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
20.65 L votes for, 3,155 against · 0% of mutual funds and other big investors said no
2
Approval of Material Related Party Transactions by MINL Limited, a wholly-owned subsidiary of the Company, with Sumo Steels Limited, a related party of the Company, during the Financial Year 2026-27
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
20.65 L votes for, 3,155 against · 0% of mutual funds and other big investors said no
3
Approval of Material Related Party Transactions by the Company with Sumo Steels Limited, a related party of the Company, during the Financial Year 2026-27
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
20.65 L votes for, 3,157 against · 0% of mutual funds and other big investors said no
4
Approval of Material Related Party Transactions by the Company with Manaksia Steels Limited, a related party of the Company, during the Financial Year 2026-27
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
20.65 L votes for, 3,155 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 23 named members
owning 74.9% between them · as of 2026-06-30
Varun Agrawal18.88%
Vineet Agrawal12.38%
Vajra Machineries Private Limited9.51%
Suresh Kumar Agrawal9.43%
Anuradha Agrawal7.19%
Manaksia Steels Limited6.10%
Basudeo Agrawal3.47%
Payal Agrawal2.85%
Business done with them
FY2025 · 4 of the group
The company paid ₹112 cr to companies in the promoter group last year — about 15.3% of its ₹731 cr revenue and received ₹0.31 L back from them.
MANAKSIA STEELS LIMITED
Bought goods from them · Related Party Transactions
also owns 6.10% of the company
₹110 cr
company paid
SURESH KUMAR AGRAWAL
Other payments to them · Related Party Transactions
also owns 9.43% of the company
₹3 cr
company paid
VARUN AGRAWAL
Other payments to them · Related Party Transactions
also owns 18.88% of the company
₹2.7 L
company paid
VINEET AGRAWAL
Other payments to them · Related Party Transactions
also owns 12.38% of the company
₹1.7 L
company paid
MANAKSIA STEELS LIMITED
Provided services to them · Related Party Transactions
also owns 6.10% of the company
₹0.31 L
company received

The company also transacted with 14 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.