MANAKSTEELCommodities

Manaksia Steels Limited

Iron & Steel · ISIN INE824Q01011 · BSE 539044 · NSE BE · FV ₹1
Last price
₹104
-1.84%today
What this company does

Manaksia Steels Limited operates in Iron & Steel, part of the Commodities sector. It booked ₹327 cr of revenue in its latest quarter (Q1 FY27) and kept 6.9% of sales as profit.

The Company manufactures coated flat metal products for applications in industries like construction, home appliances, manufacturing, storage and warehousing sectors.
In the report:
61out of 100
Equitytale Health Score
Mixed

Healthier than 61% of companies in Commodities, on all six measures of filed financials. Each measure is ranked against the 43–173 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)
57

At close. Not part of the score.

Profitability & returns83

How much profit it earns on the money it employs

Balance sheet42

How much it owes, and whether earnings cover the interest

Cash quality50

Whether reported profit actually arrives as cash

Growth & consistency94

Whether sales and profit have grown, and how steadily

Valuation0

What today's price implies, against our models or its peers · lowest in its sector on what we could measure

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 51% vs last year
Profit up 249% vs last year
Promoters hold 75%
No promoter shares pledged
Strong 28% return on equity
Turns profit into real cash
Watch-outs
! Thin 6.9% net margin

What if I invest in MANAKSTEEL?

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 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — 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 We do not publish price targets or predict returns.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
₹104 -1.84%
latest close · 2026-09-17
1-year return
+182.3%
52-wk low ₹2852-wk high ₹121
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 ratio7.5Low
LowAverageHigh
P/B ratio2.10Moderate
Below bookModerateHigh
EV / EBITDA5.6Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity27.8%Strong
WeakFairStrong ▸15%
Return on capital40.3%Strong
WeakFairStrong
Net margin6.9%Decent
ThinDecentStrong
EBITDA margin11.4%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.46Comfortable
LowModerateHigh ▸1
Interest cover9.6×Strong
RiskyOkayStrong ▸5×
Current ratio1.51Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹685 cr
Book value
₹50
EPS
₹3.46
latest quarter
Net debt
₹145 cr
owes more than its cash
Enterprise value
₹829 cr
EBITDA
₹149 cr
annualised
EBIT
₹136 cr
annualised
Operating margin
10.4%
Return on assets
15.3%
Earnings yield
13.25%
P/S
0.52
Sales / share
₹199.9
Tax rate
25.7%
Face value
₹1
Shares
6.6 cr
Working capital
₹129 cr
Current assets
₹384 cr
Current liabilities
₹255 cr
Delivery %
70.4%
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
Looks overpricedMedium confidence
Median of 2 models ₹42 vs market price ₹104 — price is 149% above it
Safety cushion-148.6%(target ≥ +20%)
Models span ₹22₹62, midpoint ₹42
Model ₹42
Price ₹104
Cheap sideExpensive side

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₹327 cr
Other Income₹4 cr
Total Income₹331 cr
Cost of Materials₹236 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹12 cr
Employee Benefit Expense₹8 cr
Finance Costs₹4 cr
Depreciation & Amortisation₹3 cr
Other Expenses₹38 cr
Total Expenses₹301 cr
Profit before Tax₹30 cr
Tax Expense₹8 cr
Net Profit₹23 cr
Net margin on total income6.8%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹248 cr74.9%
Employee benefit expense₹8 cr2.3%
Finance costs₹4 cr1.1%
Depreciation & amortisation₹3 cr1.0%
Other expenses₹38 cr11.5%
Tax expense₹8 cr2.4%
Profit for the period₹23 cr6.8%
Total income ₹331 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue318 cr333 cr327 cr
Total income321 cr331 cr331 cr
Expenses308 cr305 cr301 cr
Profit before tax13 cr26 cr30 cr
Tax3 cr7 cr8 cr
Net profit (owners' share)10 cr19 cr23 cr
Net margin (owners' share, on revenue)3.0%5.8%6.9%
EPS (₹)1.472.953.46
YoY (latest quarter): total income +50.5% · net profit +249.2%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹593 cr
Shareholder equity
₹326 cr
parent shareholders
Total debt
₹149 cr
Cash
₹5 cr
Cash flow · H1 FY26
Operating
₹29 cr
Investing
₹-24 cr
Financing
₹-8 cr
Peer comparison
Iron & Steel · by market value
CompanyPriceMarket capP/E
JSW Steel Limited₹1,253₹3.06 L cr16.4
Tata Steel Limited₹187₹2.34 L cr25.2
JINDAL STEEL LIMITED₹1,128₹1.15 L cr34.0
Steel Authority of India Limited₹175₹72,288 cr11.0
Jindal Stainless Limited₹724₹59,702 cr19.4
Sarda Energy & Minerals Limited₹507₹17,865 cr9.7
Vedanta Iron and Steel Limited₹32₹12,442 cr27.4
NMDC Steel Limited₹42₹12,203 cr54.8
Sandur Manganese & Iron Ores Limited₹183₹8,873 cr9.8
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
No pledge
Promoter
74.8%
FII / Foreign
DII / Domestic
0.0%
Retail / others
25.3%
Smart-money activity
Insider trades
BoughtVARUN AGRAWAL · Promoters2.66 L · ₹22.9 L19 Dec 19
BoughtPAYAL AGRAWAL · Promoters29.50 L · ₹2.5 cr19 Dec 19
BoughtPAYAL AGRAWAL · Promoters2.72 L · ₹52.3 L4 Feb 19
Bulk / block deals
BoughtPRUDENT EQUITY ACE FUND · NSE6.15 L @ ₹103.831 Sep 26
BoughtSHREE BAHUBALI STOCK BROKING LIMITED · NSE4.16 L @ ₹71.5125 Apr 25
BoughtASHOK KUMAR DAMANI · NSE5.25 L @ ₹71.323 Apr 25
Stake changes
BoughtPayal Agrawal · promoter→ 19.47% · 2.66 L19 Dec 19
BoughtVarun Agrawal · promoter→ 19.51% · 29.50 L19 Dec 19
BoughtPayal Agrawal · promoter→ 14.37% · 14.53 L31 Jan 19
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 the Company with MINL Limited, a related party of the Company, during Financial Year 2026-27.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
20.49 L votes for, 8,482 against
2
Approval of Material Related Party Transactions by the Company with Manaksia Limited, a related party of the Company, during Financial Year 2026-27.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
20.49 L votes for, 8,484 against
3
Approval of Material Related Party Transactions by the Company with Sumo Steels Limited, a related party of the Company, during Financial Year 2026-27.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
20.49 L votes for, 8,484 against
4
Approval of Material Related Party Transactions by the Company with Manaksia Ferro Industries Limited, a related party of the Company, during Financial Year 2026-27.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
20.49 L votes for, 8,482 against

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 — 5 named members
owning 74.7% between them · as of 2026-06-30
PAYAL AGRAWAL19.51%
VARUN AGRAWAL19.47%
SURESH KUMAR AGRAWAL18.85%
CHANDRAKALA AGRAWAL16.40%
S. K. AGRAWAL & SONS HUF (SURESH KUMAR AGRAWAL)0.51%
Business done with them
FY2025 · 2 of the group
The company paid ₹2 cr to companies in the promoter group last year — about 0.4% of its ₹634 cr revenue.
VARUN AGRAWAL
Other payments to them · Related Party Transactions
also owns 19.47% of the company
₹2 cr
company paid
SURESH KUMAR AGRAWAL
Other payments to them · Related Party Transactions
also owns 18.85% of the company
₹1.7 L
company paid

The company also transacted with 16 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.