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Manaksia Coated

Q2 FY26Industrial Products

Manaksia Coated Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management said on revenue, margins and capex.

Price₹125
Market cap₹1.2K Cr
P/E30.4
Updated23 Aug 2026
Read5 min read

The short version

Manaksia Coated Metals expects strong growth supported by strategic capacity expansions: - Aluminum zinc coating line upgrade to 180,000 tons/year in FY 2026, enhancing capacity by 36%. - Second color coating line commissioning in early FY 2027 will increase pre-painted steel capacity to 236,000 tons/year. - Exports are a key growth driver, currently comprising 85% of sales, expected to stay above 50% going forward with increasing order books. - Order book has grown from Rs. The company expects consistent sales price realizations similar to Q2 levels with no sharp increases or decreases in steel prices going forward.

From Manaksia Coated's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Manaksia Coated Metals expects strong growth supported by strategic capacity expansions:
  • Aluminum zinc coating line upgrade to 180,000 tons/year in FY 2026, enhancing capacity by 36%.
  • Second color coating line commissioning in early FY 2027 will increase pre-painted steel capacity to 236,000 tons/year.
  • Exports are a key growth driver, currently comprising 85% of sales, expected to stay above 50% going forward with increasing order books.
  • Order book has grown from Rs. 450 crores to Rs. 600 crores with a 12-month execution timeline, reflecting strong demand.
  • The company targets ramping up capacity utilization aggressively, focusing on higher value-added pre-painted steel sales which now constitute 92% of sales.

2 more points from Manaksia Coated's call on revenue

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Profitability & Margins

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Capital Expenditure Plans

  • Phase 1 and 2 projects underway: aluminum-zinc line upgrade (capacity from 132,000 to 180,000 tons), second pre-painted steel (color coating) line, and a 7 MW captive solar power plant.
  • Aluminum-zinc upgrade to be commissioned in Fiscal 2026.
  • Second color coating line and solar power plant expected to start early Fiscal 2027.
  • Phase 3 expansion in blueprint stage for FY 2028: includes second aluminum-zinc line and backward integration via cold rolling steel complex.
  • Capital raises include Rs. 134.55 crores preferential allotment (mostly utilized for debt reduction, working capital, and CAPEX).

2 more points from Manaksia Coated's call on capex

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Top-ranked in Industrial Products

Ranked on what management guided this quarter

Guidance-ranked
1Susan Electrical
Rev 1Mar 1
2Shera Energy
Rev 1Mar 1
3
Rev 1Mar 1
4
Rev 1Mar 2
5
Rev 1Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

  • The current order book stands at approximately Rs. 600 crores, up from Rs. 450 crores in the previous quarter.
  • Rs. 220 crores of revenue was generated this quarter, reflecting order book execution.
  • Incremental order book growth is driven by new export orders, new MOUs with overseas customers, and new domestic market orders.
  • Expected timeline for executing the existing order book is around 12 months.

Manaksia Coated — Quarterly revenue & net profit

Revenue Net profit
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26
Jun 2026Q1 FY27
Sep 2026Q2 FY27

Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹319 Cr, net profit ₹19 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Manaksia Coated Metals & Industries Ltd's management said in earlier quarters

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  • Shubhshree Biofuels Energy Ltd (Q2 FY26)

    Revenue from operations for H1 FY26: ₹9,604.6 Lakhs . Key investor presentation takeaways from Shubhshree Biofuels Energy Ltd's Q2 FY26 investor presentation —

  • De Neers Tools Ltd (Q2 FY26)

    H1FY26 Net Sales:** ₹670.4 Mn . Key investor presentation takeaways from De Neers Tools's Q2 FY26 investor presentation — and how it ranks against sector peers.

  • WOL 3D India Ltd (Q2 FY26)

    Revenue from Operations for H1FY26 is Rs 415 Mn, up 82% YoY from Rs 227 Mn in H1FY25 (Page 9, Page 5). Key investor presentation takeaways from WOL 3D India Ltd

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Frequently Asked Questions

What were Manaksia Coated Q2 FY26 results?

Manaksia Coated Metals expects strong growth supported by strategic capacity expansions: - Aluminum zinc coating line upgrade to 180,000 tons/year in FY 2026, enhancing capacity by 36%. - Second color coating line commissioning in early FY 2027 will increase pre-painted steel capacity to 236,000 tons/year. - Exports are a key growth driver, currently comprising 85% of sales, expected to stay above 50% going forward with increasing order books. - Order book has grown from Rs. The company expects consistent sales price realizations similar to Q2 levels with no sharp increases or decreases in steel prices going forward.

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 and 2 projects underway: aluminum-zinc line upgrade (capacity from 132,000 to 180,000 tons), second pre-painted steel (color coating) line, and a 7 MW captive solar power plant. - Aluminum-zinc upgrade to be commissioned in Fiscal 2026. - Second color coating line and solar power plant expected to start early Fiscal 2027. - Phase 3 expansion in blueprint stage for FY 2028: includes second aluminum-zinc line and backward integration via cold rolling steel complex. - Capital raises include Rs.

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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.