Any current/future new fundraising through debt or equity?

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.

Any current/future capex/capital investment/strategic investment?

**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

Future growth expectations in sales/revenue/volumes?

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 inc

Future growth expectations in earnings/operating earnings/profits/EPS?

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 bo

Current/ Expected Orderbook/ Pending Orders?

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

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Manaksia Coated Metals & Industries LtdQ4 FY26Industrial Products

Manaksia Coated Metals & Industries Ltd Q4 FY26 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹108P/E: 28.4Market Cap: ₹1.2K CrSector: Industrial Products

Management growth scorecard

Revenue

Category 2

Margin

Category 1

Fundraise

Yes

Order

Yes

Capex

Yes

4 of 5 growth signals are positive — a strong management growth story.

Full analysis

Revenue guidance

Category 2

→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.

Margin guidance

Category 1

→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.

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Fundraise plans

Yes

→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

Yes

→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.

Capex plans

Yes

→**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.

How does Manaksia Coated Metals & Industries Ltd rank vs peers in Industrial Products?

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