Manaksia Coated Q3 FY25 Results & Concall Highlights: Revenue, Margins & Order Book
Published 15 Jul 2026 | Industrial Products | Market Cap: ₹1.2K Cr
The company is expanding capacity with Phase 2 underway to increase pre-painted steel capacity to 2,36,000 tons per annum by FY26. - Alu-Zinc technology upgrade will enhance capacity by 35%-36%, reaching 1,80,000 tons per annum, expected to start revenue generation by Q1 FY26. - Export order book is robust at Rs. The company expects significant bottom-line improvement driven by capacity utilization above 75%-80%, notably from the Alu-Zinc technology upgrade and increased pre-painted steel production. - The ongoing and planned capacity expansions (Alu-Zinc line to 180,000 tons p.a., pre-painted steel to 236,000 tons p.a.) will enhance revenue and margins. - Captive solar power plant project will lower energy costs substantially, improving profitability. - Fresh equity capital infusion of Rs.
From Manaksia Coated's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.
Price
₹125
Market Cap
₹1.2K Cr
P/E Ratio
30.4
How does Manaksia Coated rank in Industrial Products?
Compare Manaksia Coated against every Industrial Products company this quarter on revenue, margins and earnings-call signals.
Manaksia Coated — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹227 Cr, net profit ₹5 Cr.
Full financials →📊 Revenue & Sales Performance
- →The company is expanding capacity with Phase 2 underway to increase pre-painted steel capacity to 2,36,000 tons per annum by FY26.
- →Alu-Zinc technology upgrade will enhance capacity by 35%-36%, reaching 1,80,000 tons per annum, expected to start revenue generation by Q1 FY26.
- →Export order book is robust at Rs. 350 crores, higher than typical Rs. 175-200 crores, supported by a large landmark export order of Rs. 200 crores.
- →Demand is driven by growth in Europe, especially Eastern Europe (Ukraine rebuilding) and Southern Europe (Spain, Italy).
- →The shift to high value-added pre-painted steel is increasing, currently comprising 75%-80% of production, driving margin expansion and revenue growth.
- →The company aims to grow exports beyond Europe to Americas for Alu-Zinc products.
- →Overall, the company expects to capitalize on rising coated metals demand across construction, automotive, and appliance industries, leading to higher sales, volumes, and improved margins.
📈 Profitability & Margins
- →The company expects significant bottom-line improvement driven by capacity utilization above 75%-80%, notably from the Alu-Zinc technology upgrade and increased pre-painted steel production.
- →The ongoing and planned capacity expansions (Alu-Zinc line to 180,000 tons p.a., pre-painted steel to 236,000 tons p.a.) will enhance revenue and margins.
- →Captive solar power plant project will lower energy costs substantially, improving profitability.
- →Fresh equity capital infusion of Rs. 134.55 crores is strategically deployed for capacity expansion, technology upgrade, and debt reduction, collectively boosting ROE and ROCE.
- →Export order book at Rs. 350 crores (higher than usual Rs. 175-200 crores) signals strong global demand, supporting earnings growth.
- →Q3FY25 net profit surged 111.93% QoQ, EPS improved by 54.44% YoY, indicating robust earnings momentum.
- →The company aims for sustained earnings growth through operational efficiency, product mix shift toward higher-margin pre-painted steel, and growth in export markets.
🏗️ Capital Expenditure Plans
- →**Alu-Zinc Technology Upgrade Project:** Advanced stages of completion; expected to start revenue generation from Q1 FY26; will enhance product offering with superior corrosion resistance, aesthetics, and performance.
- →**Captive Solar Power Plant Project:** Land acquisition process underway; due diligence on multiple land parcels in progress; targeted commissioning by Q2 FY26; expected to significantly reduce energy costs and carbon footprint.
- →**Phase 2 Expansion:** Plans to enhance pre-painted steel capacity to 2,36,000 tons per annum within FY26; groundwork already started.
- →**Fundraise of Rs. 134.55 Crores:** Fresh equity capital secured to complete ongoing projects, reduce debt, lower finance costs, and provide working capital for enhanced capacity utilization.
- →**Focus on Export Growth:** Expansion into Americas planned with Alu-Zinc products, leveraging upgraded capacity and technology.
💰 Fundraising & Capital Structure
- →The company recently secured Rs. 134.55 crores in fresh equity capital.
- →This fundraise is planned to be strategically deployed for capacity expansion, technology upgradation, and debt reduction.
- →The fresh equity will also help reduce the company's finance costs and provide additional working capital to utilize enhanced capacity.
- →There is no explicit mention of any new fundraising through debt in the transcript.
- →The current equity fundraising is considered critical for elevating overall profitability and improving return on capital metrics over the next 2-3 years.
📋 Order Book & Pipeline
- →Current export order book stands at Rs. 350 crores, which is significantly higher than the usual range of Rs. 175 to 200 crores.
- →This increase is due to a landmark single export order worth Rs. 200 crores secured in Q3 of FY25.
- →Typically, the export order book covers a period of about 3 to 6 months.
- →Most orders are backed by existing, long-term customers in Europe, primarily consisting of pre-painted steel (80%) and galvanized steel (20%).
- →The export orders are largely on CFR/CIF terms, with Manaksia handling FOB costs and ocean freight to European ports.
- →Order completion is expected within a 12-month period.
- →The company aims to expand exports further into the Americas, focusing on Alu-Zinc and pre-painted steel products.
Key Metrics
Frequently Asked Questions
What were Manaksia Coated Q3 FY25 results?
The company is expanding capacity with Phase 2 underway to increase pre-painted steel capacity to 2,36,000 tons per annum by FY26. - Alu-Zinc technology upgrade will enhance capacity by 35%-36%, reaching 1,80,000 tons per annum, expected to start revenue generation by Q1 FY26. - Export order book is robust at Rs. The company expects significant bottom-line improvement driven by capacity utilization above 75%-80%, notably from the Alu-Zinc technology upgrade and increased pre-painted steel production. - The ongoing and planned capacity expansions (Alu-Zinc line to 180,000 tons p.a., pre-painted steel to 236,000 tons p.a.) will enhance revenue and margins. - Captive solar power plant project will lower energy costs substantially, improving profitability. - Fresh equity capital infusion of Rs.
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?
Alu-Zinc Technology Upgrade Project:** Advanced stages of completion; expected to start revenue generation from Q1 FY26; will enhance product offering with superior corrosion resistance, aesthetics, and performance.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.