Manaksia Coated
Manaksia Coated Q1 FY26 earnings call: Revenue & Margins
Q1 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Peak revenue expected to touch close to INR1,600 crores by FY27 with capacity expansions (Pre-painted steel and Alu-Zinc technology upgrade). Q1 FY26 EBITDA margin stood at 11.27%, with a 94% YoY increase; EBITDA per ton around INR9,786.
From Manaksia Coated's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Peak revenue expected to touch close to INR1,600 crores by FY27 with capacity expansions (Pre-painted steel and Alu-Zinc technology upgrade).
- Revenue in FY26 expected to maintain momentum achieved in Q1 and further growth anticipated from Q4 onwards due to new projects coming online.
- Sales volumes grew 18.69% YoY in Q1 FY26; utilization at 85% for galvanizing line, 100% for color coating line.
- Export revenue hit a record 57% of total revenue in Q1 FY26 and expected to sustain above 50%.
- Alu-Zinc line (180,000 tons capacity) anticipated to stabilize and contribute significantly to revenue by end Q3 or early Q4 FY26.
- Second color coating line (total capacity 2,36,000 tons) to come online by end of Q4 FY26; full ramp-up expected in FY27.
2 more points management made on revenue & sales performance
Profitability & Margins
See what Manaksia Coated said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Phase 1 & 2 Capex (FY26): Total capex of ~INR150 crores covering Alu-Zinc technology upgrade, solar captive power plant, and second color coating line. Approximately INR50 crores already spent; remaining to be spent over next three quarters.
- Third Phase Capex (FY27): Planned capex of INR220-250 crores for cold rolling backward integration and further capacity expansion. Funding strategy (debt vs equity) will be finalized later; focus on funding mostly through internal accruals and minimal debt.
- Capacity Expansion:
- Galvanized steel capacity upgrading to Alu-Zinc tech at 180,000 tons.
2 more points management made on capital expenditure plans
Top-ranked in Industrial Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Manaksia Coated said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- The company has a strong and high-margin export order book that has been prioritized for execution over upgrade projects.
- Export revenue surged by 182.28% year-on-year in Q1 FY26, contributing 57% to total revenue, indicating a robust order pipeline.
- The growth in exports is supported by longstanding relationships with quality-conscious OEM customers in Europe and the Middle East developed over 5 to 7 years.
- Ramp-up of new capacities (Alu-Zinc upgrade and second color coating line) will cater to increasing demand and contribute further to the order book from Q4 FY26 and FY27.
2 more points management made on order book & pipeline
Manaksia Coated — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹227 Cr, net profit ₹5 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What Manaksia Coated Metals & Industries Ltd's management said in earlier quarters
Others in Industrial Products this season
- Graphite India Ltd (Q1 FY26)
665 Crores, down 8.7% y-o-y (Page 9, 4) . Key concall takeaways from Graphite India Ltd's Q1 FY26 earnings call — and how it ranks against sector peers.
- PTC Industries Ltd (Q1 FY26)
Q1FY26 Total Income was ₹107.7 crores, up 113.2% YoY from ₹50.5 crores in Q1FY25. Key concall takeaways from PTC Industries Ltd's Q1 FY26 earnings call — and…
- Dhabriya Polywood Ltd (Q1 FY26)
Revenue from Operations for Q1 FY26 is INR 6,209.1 lakhs, up 5.8% year-on-year from INR 5,869.5 lakhs in Q1 FY25. Key concall takeaways from Dhabriya Polywood…
- Scoda Tubes Ltd (Q1 FY26)
Revenue from operations for Q1 FY26: INR 97.4 crores, up 6% YoY from INR 91.9 crores in Q1 FY25 (Page 35 and Page 7) . Key concall takeaways from Scoda Tubes…
Frequently Asked Questions
What were Manaksia Coated Q1 FY26 results?
Peak revenue expected to touch close to INR1,600 crores by FY27 with capacity expansions (Pre-painted steel and Alu-Zinc technology upgrade). Q1 FY26 EBITDA margin stood at 11.27%, with a 94% YoY increase; EBITDA per ton around INR9,786.
What is Manaksia Coated share price analysis?
Manaksia Coated currently shows a neutral. The stock trades at a P/E of 30.4 with a market cap of ₹1,241 Cr. Investors should review the full earnings analysis for detailed insights.
Is Manaksia Coated planning capital expenditure?
Phase 1 & 2 Capex (FY26): Total capex of ~INR150 crores covering Alu-Zinc technology upgrade, solar captive power plant, and second color coating line.
Keep Manaksia Coated on your radar — track it to get its next earnings analysis in your feed.
This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.