bell
The current prices are delayed by 15 mins, login to check live prices.
Manaksia Steels Ltd share price logo

Manaksia Steels Ltd

(MANAKSTEEL)

₹68.720.09%

as on 04:01PM, 18 Sep 2024

Overview
News
Financials
Q1 2024 Results
Technicals

Performance

  • Day's Low

    Day's High

    ₹65.22
    ₹72.09
  • 52 Week's Low

    52 Week's High

    ₹39.55
    ₹107
1 Month Return+ 25.98 %
3 Month Return+ 23.71 %
1 Year Return+ 42.74 %
Previous Close₹68.66
Open₹66.70
Volume8.90L
Upper Circuit-
Lower Circuit-
Market Cap₹449.96Cr

Key Statistics

P/E Ratio22.66
PEG Ratio-80.93
Market Cap₹449.96 Cr
P/B Ratio1.25
EPS4.33
Dividend Yield0
SectorSteel
ROE8.44

Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
NA₹449.96 Cr93.02%0.69₹28 Cr₹681 Cr
NA₹4.58 Cr31.93%-0.25NANA
NA₹3,868.41 Cr120.29%0.56₹143 Cr₹3,501 Cr
NA₹594.77 Cr315.23%0.70NANA
NA₹3,743.07 Cr19.19%0.55NANA

Company Information

Manaksia Steels Limited, a Flagship Company of the Manaksia Group, was founded in 2001 and is engaged in manufacturing of steel products that have acquired international recognition such as ISO 9001: 2015. The product range includes Cold Rolled Steel Sheets and Coils, Galvanized Steel Sheets and Coils, and Color Coated Steel Sheets and Coils. In 2014, a Scheme of Arrangement under Sections 391-394 of the Companies Act 1956 was sanctioned by the Honble Calcutta High Court for the demerger of Steel Undertaking from Manaksia Limited into Manaksia Steels Limited. The company has three steel plants for manufacturing Cold Rolled Coils, Galvanized Corrugated Sheets and Galvanised Plain Sheets, with an additional facility in Haldia for Colouring Coating of Galvanized Steel Sheets and Cold Rolled Aluminium Sheets. Manaksia Steels Limited has also established a subsidiary at Dubai and two companies at Nigeria for manufacturing steel long products. However, due to the COVID-19 outbreak, the company has stopped operations until local governments provide the directive when to resume.

Share Price: ₹68.72 per share as on 18 Sep, 2024 04:01 PM
Market Capitalisation: ₹449.96Cr as of today
Revenue: ₹165.18Cr as on June 2024 (Q2 24)
Net Profit: ₹1.63Cr as on June 2024 (Q2 24)
Listing date: 30 Mar, 2015
OrganisationManaksia Steels Ltd
Headquarters
IndustrySteel
E-voting on sharesClick here to vote

Key events for Manaksia Steels Ltd

  • Manaksia Steels Q4 2024 Net Sales Down by 30.9% YoY - 18 Jun, 2024

    Manaksia Steels reported a decrease in net sales and profit for Q4 2024 compared to the same period last year. The company's EPS has also decreased. However, the stock has given positive returns of 21.17% over the last 6 months and 43.22% over the last 12 months.

  • Manaksia Steels Reports Decrease in Net Sales and EPS - 12 Jun, 2024

    Manaksia Steels reported a decrease of 27.21% YoY in net sales for March 2024, with quarterly net profit down by 2.78%. However, EBITDA increased by 16.02%. The company's EPS decreased from Rs. 0.82 to Rs. 0.80. Manaksia Steels shares closed at 54.15 on June 11, 2024 (NSE), providing returns of 20.87% over the last 6 months and 37.96% over the last 12 months.

  • Manaksia Steels' Profitability May Be Overstated - 07 Jun, 2024

    Manaksia Steels Limited's accrual ratio of 0.43 over the past year and negative free cash flow of ₹909m, despite a profit of ₹283.8m, suggests that its statutory profits may not reflect its true earnings power.

  • Manaksia Steels' Key Financial Indicators Look Decent Despite Share Price Drop - 21 May, 2024

    Despite a 22% drop in share price over the past three months, Manaksia Steels' key financial indicators look decent. Markets usually reward more resilient long-term fundamentals, which could mean that the stock may potentially rise in the future.

Insights on Manaksia Steels Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 7 days, MANAKSTEEL stock has moved up by 27.6%

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 24.47% to 24.52% in Jun 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 3 quarters, 139.15 Cr → 168.98 Cr (in ₹), with an average increase of 8.9% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Jindal Steel & Power Ltd has given 49.9% return, outperforming this stock by 7.2%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Jindal Steel & Power Ltd has given 199.8% return, outperforming this stock by 100.3%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 74.75% of holdings in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 0.78% to 0.73% in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 5 quarters, 10.15 Cr → 1.63 Cr (in ₹), with an average decrease of 32.1% per quarter

Company Financials

Value in ₹ crore
DetailsQ'2 23Q'3 23Q'4 23Q'1 24Q'2 24
Revenue₹218.23Cr (-)₹166.33Cr (↓23.78%)₹133.60Cr (↓19.68%)₹162.91Cr (↑21.94%)₹165.18Cr (↑1.39%)
Net Income₹10.15Cr (-)₹8.92Cr (↓12.12%)₹4.81Cr (↓46.08%)₹4.51Cr (↓6.24%)₹1.63Cr (↓63.86%)
Net Profit Margin4.65% (-)5.36% (↑15.27%)3.60% (↓32.84%)2.77% (↓23.06%)0.99% (↓64.26%)
Value in ₹ crore
Details2021202220232024
Total Assets₹308.49Cr (-)₹291.86Cr (↓5.39%)₹358.73Cr (↑22.91%)₹546.55Cr (↑52.36%)
Total Liabilities₹89.84Cr (-)₹34.40Cr (↓61.71%)₹76.86Cr (↑123.43%)₹237.58Cr (↑209.11%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow-₹5.98Cr (-)₹34.17Cr (↓671.40%)-₹1.96Cr (↓105.74%)₹29.23Cr (↓1,591.33%)-₹49.42Cr (↓269.07%)
0

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
74.75%
0.00
Foreign Institutions
0.73%
-5.68
Mutual Funds
0%
0.00
Retail Investors
24.52%
0.18
Others
0%
0.00

Key Indicators

Details20202021202220232024
Earning Per Share (₹)1.314.055.391.864.33
Details20202021202220232024
Return On Equity %4.169.5612.424.698.44
Details20202021202220232024
Return On Assets %2.878.612.13.45.19
Details20202021202220232024
Book Value Per Share (₹)29.173440.644.3145.85

Manaksia Steels Ltd Valuation

Manaksia Steels Ltd in the last 5 years

  • Overview

  • Trends

Lowest (3.49x)

October 13, 2020

Today (22.66x)

September 17, 2024

Industry (26.23x)

September 17, 2024

Highest (29.90x)

January 10, 2020

LowHigh

Earnings and Dividends

  • Manaksia Steels Ltd Earnings Results

    Manaksia Steels Ltd’s net profit fell -83.94% since last year same period to ₹1.63Cr in the Q1 2024-2025. On a quarterly growth basis, Manaksia Steels Ltd has generated -63.86% fall in its net profits since last 3-months.

    Read More about Earnings Results

Technicals Summary

Bearish

Neutral

Bullish

Bullish

Manaksia Steels Ltd is currently in a Bullish trading position according to technical analysis indicators.

Frequently Asked Questions

  • Get a PAN card.
  • Open a Demat account.
  • Open a Trading account.
  • Link your Demat account to your Trading account.
  • Fund your Trading account.
  • Place an order to buy Manaksia Steels Ltd shares.

Manaksia Steels Ltd (MANAKSTEEL) share price today is ₹68.72

Manaksia Steels Ltd is listed on NSE

Manaksia Steels Ltd is listed on BSE

  • Today’s highest price of Manaksia Steels Ltd is ₹72.09.
  • Today’s lowest price of Manaksia Steels Ltd is ₹65.22.

PE Ratio of Manaksia Steels Ltd is 22.66

PE ratio = Manaksia Steels Ltd Market price per share / Manaksia Steels Ltd Earnings per share

Today’s traded volume of Manaksia Steels Ltd(MANAKSTEEL) is 8.90L.

Today’s market capitalisation of Manaksia Steels Ltd(MANAKSTEEL) is ₹449.96Cr.

Manaksia Steels Ltd(MANAKSTEELPrice
52 Week High
₹107
52 Week Low
₹39.55

Manaksia Steels Ltd(MANAKSTEEL) share price is ₹68.72. It is down -35.78% from its 52 Week High price of ₹107

Manaksia Steels Ltd(MANAKSTEEL) share price is ₹68.72. It is up 73.75% from its 52 Week Low price of ₹39.55

Manaksia Steels Ltd(MANAKSTEELReturns
1 Day Returns
0.06%
1 Month Returns
25.98%
3 Month Returns
23.71%
1 Year Returns
42.74%