Manaksia Coated Metals & Industries Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹1,575 Cr
- P/E
- 38.61
- ROE
- 11.03%
- PEG
- 0.49
- Price to sales
- 1.75
- Debt to equity
- 0.37
- 52W high / low
- ₹163 / ₹96.7
- Sales growth (5Y)
- 14.65%
- EBITDA margin
- 9.38%
- Net profit margin
- 3.59%
- Promoter holding
- 57.78%
- Sales (last year)
- ₹897 Cr
Incorporated in 2010, Manaksia Coated Metals & Industries Ltd specializes in manufacturing and exporting high-performance coated metal products.[1]
Guidance scorecard · Q2 FY27 call
What Manaksia Coated Metals & Industries Ltd's management guided
and where it ranks in Industrial Products
Industrial Products
RevenueQ1 FY27 call
40%+- FY27 volume target: ~150,000 tons with estimated revenue of INR 1,300-1,350 crores.
- FY28 volume target: 180,000 to 210,000 tons from the new color coating line, revenue potential INR 1,700-1,800 crores.
- Phase 2 Alu-Zinc expansion expected post-capital tie-up, potential peak revenue INR 2,500-2,700 crores combining Phase 1 and Phase 2 lines.
- Ramp-up for the second color coating line expected to reach 50-60% utilization in H2 FY27.
2 more points from Manaksia Coated Metals & Industries Ltd's call on revenue
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MarginsQ1 FY27 call
Up 0–2%See what Manaksia Coated Metals & Industries Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Remaining debt to be deployed for current capex is INR 15-20 crores.
- Funding mix for future capex: internal accruals, debt (estimated around INR 100 crores), and equity.
- Debt-to-equity ratio expected to remain below 1.25x post future capex.
2 more points from Manaksia Coated Metals & Industries Ltd's call on capex
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FundraisingQ1 FY27 call
PlannedSee what Manaksia Coated Metals & Industries Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- Current order book is approximately INR 450 crores, with a tolerance of plus or minus INR 20-25 crores.
- The timeline to execute this order book is about 4.5 to 5 months.
- The company expects to maintain an order book ranging between INR 350 crores to INR 450 crores continuously for the rest of the year.
- Orders primarily come from long-term customers with repetitive quarterly orders rather than one-time projects.
- Visibility on demand is strong for the next 3 to 5 months continuously.
2 more points from Manaksia Coated Metals & Industries Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Industrial Products companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹532 Cr | 21.2 | |
| 2 | 40%+ | Up 2%+ | ₹450 Cr | 13.2 | |
| 3 | 40%+ | Up 2%+ | ₹371 Cr | 26.1 | |
| 4 | Manaksia CoatedThis stock | 40%+ | Up 0–2% | ₹1,340 Cr | 32.9 |
| 5 | 40%+ | Up 0–2% | ₹1,196 Cr | 14.1 | |
| 6 | 40%+ | Flat | ₹966 Cr | 25.0 |
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Pro shows every company guiding 40%+ revenue growth →Full Industrial Products rankingManaksia Coated Metals & Industries Ltd announcements
All announcements →- Fundraise / allotmentNotableManaksia Coated Metals announces QIP issue approval and floor price ₹127.01
Financials of Manaksia Coated Metals & Industries Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Manaksia Coated Metals & Industries Ltd
Shareholding breakup across reporting periods.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 67.43% | 69.19% | 69.19% | 69.19% | 69.19% | 65.67% | 56.17% | 55.55% | 57.46% | 57.46% | 57.78% | 57.78% |
| FIIs + | 0.00% | 0.00% | 0.14% | 0.10% | 1.82% | 1.46% | 9.01% | 1.77% | 1.45% | 1.14% | 0.22% | 0.19% |
| DIIs + | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% | 0.02% | 0.64% | 0.59% | 0.59% | 0.59% |
| Public + | 32.57% | 30.81% | 30.66% | 30.70% | 29.00% | 32.87% | 34.80% | 42.67% | 40.45% | 40.82% | 41.42% | 41.45% |
| No. of Shareholders | 29,186 | 29,681 | 26,437 | 25,208 | 26,772 | 25,825 | 26,463 | 27,566 | 29,277 | 27,995 | 27,944 | 28,465 |
Financials of Manaksia Coated Metals & Industries Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 195 | 191 | 183 | 194 | 175 | 205 | 208 | 250 | 220 | 187 | 227 | 262 | 319 |
| Expenses + | 182 | 179 | 168 | 181 | 164 | 191 | 193 | 225 | 194 | 171 | 213 | 234 | 285 |
| Operating Profit | 12 | 12 | 15 | 13 | 11 | 14 | 15 | 24 | 26 | 16 | 14 | 28 | 34 |
| OPM % | 6% | 6% | 8% | 7% | 6% | 7% | 7% | 10% | 12% | 8% | 6% | 11% | 11% |
| Other Income + | 1 | 2 | 2 | 2 | 3 | 3 | 2 | 4 | 3 | 3 | 1 | 1 | 3 |
| Interest | 10 | 6 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 7 | 7 | 7 | 8 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 |
| Profit before tax | 2 | 5 | 7 | 4 | 3 | 7 | 7 | 19 | 19 | 10 | 6 | 19 | 25 |
| Tax % | -2% | 25% | 26% | 26% | 25% | 25% | 25% | 25% | 27% | 24% | 16% | 26% | 25% |
| Net Profit + | 2 | 4 | 5 | 3 | 2 | 5 | 5 | 14 | 14 | 7 | 5 | 14 | 19 |
| EPS in Rs | 0.31 | 0.62 | 0.68 | 0.40 | 0.32 | 0.67 | 0.63 | 1.34 | 1.32 | 0.69 | 0.51 | 1.32 | 1.76 |
Financials of Manaksia Coated Metals & Industries Ltd
Profit & Loss
Annual income statement trend
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 225 | 269 | 253 | 265 | 247 | 446 | 648 | 652 | 740 | 782 | 884 | 995 |
| Expenses + | 212 | 256 | 238 | 242 | 221 | 413 | 613 | 619 | 689 | 728 | 804 | 903 |
| Operating Profit | 12 | 14 | 15 | 22 | 26 | 33 | 35 | 33 | 51 | 54 | 80 | 92 |
| OPM % | 5% | 5% | 6% | 8% | 10% | 7% | 5% | 5% | 7% | 7% | 9% | 9% |
| Other Income + | 4 | 2 | 3 | 4 | 1 | 3 | 9 | 10 | 6 | 9 | 12 | 8 |
| Interest | 4 | 4 | 6 | 14 | 17 | 19 | 23 | 22 | 33 | 33 | 29 | 29 |
| Depreciation | 10 | 8 | 8 | 10 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 12 |
| Profit before tax | 3 | 3 | 4 | 2 | 1 | 8 | 11 | 12 | 15 | 21 | 54 | 60 |
| Tax % | -14% | 78% | 51% | 120% | -250% | 22% | 24% | 20% | 25% | 25% | 24% | |
| Net Profit + | 3 | 1 | 2 | -0 | 3 | 6 | 9 | 9 | 11 | 15 | 41 | 46 |
| EPS in Rs | 0.44 | 0.10 | 0.30 | -0.06 | 0.43 | 0.89 | 1.32 | 1.43 | 1.51 | 1.94 | 3.84 | 4.28 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 3% | 0% | 2% | 3% | 3% | 1% |
Financials of Manaksia Coated Metals & Industries Ltd
Balance Sheet
Capital structure and asset base
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 8 | 11 | 11 |
| Reserves | 76 | 80 | 82 | 83 | 87 | 93 | 102 | 113 | 145 | 219 | 338 | 375 |
| Borrowings + | 52 | 58 | 124 | 128 | 138 | 147 | 178 | 190 | 178 | 145 | 130 | 185 |
| Other Liabilities + | 75 | 89 | 97 | 137 | 150 | 191 | 198 | 239 | 207 | 275 | 276 | 322 |
| Total Liabilities | 209 | 234 | 309 | 354 | 381 | 438 | 484 | 548 | 537 | 646 | 755 | 893 |
| Fixed Assets + | 73 | 100 | 157 | 148 | 144 | 136 | 130 | 122 | 119 | 112 | 168 | 161 |
| CWIP | 45 | 35 | 4 | 47 | 45 | 51 | 40 | 49 | 49 | 68 | 31 | 89 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 91 | 98 | 149 | 158 | 192 | 252 | 313 | 377 | 369 | 465 | 556 | 643 |
| Total Assets | 209 | 234 | 309 | 354 | 381 | 438 | 484 | 548 | 537 | 646 | 755 | 893 |
Financials of Manaksia Coated Metals & Industries Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 31 | 22 | -22 | 49 | 6 | 20 | -13 | 8 | 22 | 30 | -14 |
| Cash from Investing Activity + | -13 | -25 | -33 | -43 | -0 | -6 | 9 | -7 | -6 | -20 | -15 |
| Cash from Financing Activity + | -19 | 3 | 61 | -13 | -5 | -12 | 6 | -6 | -16 | -10 | 30 |
| Net Cash Flow | -1 | 0 | 6 | -7 | 0 | 2 | 2 | -4 | 0 | -0 | 1 |
| Free Cash Flow | 17 | -4 | -56 | 4 | 3 | 13 | -5 | -1 | 15 | 8 | -33 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 253% | 178% | -140% | 226% | 24% | 60% | -35% | 33% | 46% | 64% | 0% |
Financials of Manaksia Coated Metals & Industries Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 72 | 56 | 47 | 35 | 37 | 38 | 27 | 24 | 27 | 24 | 40 |
| Inventory Days | 43 | 51 | 97 | 171 | 265 | 163 | 151 | 180 | 143 | 171 | 188 |
| Days Payable | 93 | 84 | 89 | 139 | 188 | 123 | 103 | 138 | 102 | 142 | 133 |
| Cash Conversion Cycle | 22 | 23 | 54 | 67 | 114 | 78 | 75 | 66 | 68 | 53 | 96 |
| Working Capital Days | -11 | 9 | 28 | 1 | 18 | 17 | 9 | 14 | 20 | 49 | 87 |
| ROCE % | 5% | 5% | 8% | 8% | 11% | 13% | 10% | 15% | 15% | 18% |
Guidance history
How Manaksia Coated Metals & Industries Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 40%+ | Up 0–2% | Planned | Planned | Rising |
| Q4 FY26 call → | 10–20% | Flat | Planned | Planned | Rising |
| Q3 FY26 call → | 20–40% | Up 2%+ | Planned | Planned | Rising |
| Q2 FY26 call → | 20–40% | Up 2%+ | Planned | Planned | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
71 out of 100 — Strengthening
Over the past year its share price has done better than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −8.7% | 51% |
| Last 6 months | +35.8% | 83% |
| Last 3 months | +21.1% | 87% |
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Manaksia Coated Metals & Industries Ltd: 0.4 × 51 + 0.4 × 83 + 0.2 × 87 = 71.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Manaksia Coated Metals & Industries Ltd's management said in earlier quarters
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