Manaksia Aluminium Company Ltd (MANAKALUCO) AI Stock Analysis

• Market Cap: ₹3.55B
• Dividend Yield: 0.28%
• Average Volume (3M): 8.36K
• Price to Earnings (P/E): 56.1
• Beta (1Y): 0.59
• Revenue Growth: 19.61%
• EPS Growth: 21.47%
• Country: IN
• Employees: 310
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Aluminum
• EPS (TTM): 0.17
• Shares Outstanding: 65,534,050
• 10 Day Avg. Volume: 3,865
• 30 Day Avg. Volume: 8,364
• PEG Ratio: 1.30
• Price to Book (P/B): 1.04
• Price to Sales (P/S): 0.28
• P/FCF Ratio: -4.59
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: ₹57.00 ▲(92.70% Upside)

The score is mainly constrained by weak cash flow quality (negative free cash flow, low cash conversion) and high leverage, despite strong revenue growth. Technicals show a strong uptrend but are heavily overbought, raising near-term risk. Valuation is expensive on P/E, partly offset by a very high dividend yield.

Positive Factors

Revenue Growth

Consistent high topline growth indicates strengthening demand for the company’s aluminium and packaging products, supporting higher capacity utilization and scale economics. Over months this helps fund incremental investment in value‑added lines and improves bargaining leverage with suppliers.

Healthy gross margin

A near‑30% gross margin shows effective production cost control and pricing power for converted aluminium products. This structural margin buffer helps absorb raw‑material price swings and supports sustainable operating cash generation if fixed costs remain controlled.

Value‑added packaging focus

Concentration on pharmaceutical and FMCG packaging and converted foil products creates durable end‑market demand and higher conversion spreads vs commodity aluminium. This product mix supports recurring contracts, stickier customer relationships and potential margin resilience long term.

Negative Factors

High leverage

A debt‑heavy capital structure raises interest costs and reduces financial flexibility, constraining investment and capacity expansion. With modest profitability and weak cash conversion, elevated leverage increases refinancing and liquidity risk over the medium term.

Weak cash generation

Negative FCF and very low operating cash conversion mean reported profits are not translating into cash. That undermines the company’s ability to service debt, sustain dividends, or fund working capital and capex without external financing, a structural vulnerability if sustained.

Low net and operating margins

Very low net margins despite decent gross margins indicate rising operating expenses or weak pricing levers at the net level. Persistently thin profitability limits retained earnings and ROE, reducing the firm’s capacity to build reserves against cyclical input cost shocks.

Manaksia Aluminium Company Ltd Business Overview & Revenue Model

Company Description

Manaksia Aluminium Company Limited manufactures and sells aluminum products primarily in India. It offers aluminum sheets and coils, aluminum flooring sheets, aluminum pattern sheets, aluminum roofing or building sheets, aluminum closure coils and sheets, aluminum color coated coils, aluminum color coated roofing or building sheets, and aluminum alloy ingots. The company exports its products to approximately 20 countries in Europe, North America, the Middle East, Africa, Latin America, other continents, etc. Manaksia Aluminium Company Limited was incorporated in 2010 and is based in Kolkata, India.

How the Company Makes Money

Manaksia Aluminium generates revenue primarily through the sale of its aluminium products, which are sold to various industries that require lightweight and durable materials. The company’s revenue model is based on direct sales to manufacturers and distributors, as well as long-term contracts with key clients. Significant revenue streams include the production and supply of aluminium foils for packaging, which is in high demand due to the growing food and beverage sector. Additionally, MANAKALUCO benefits from strategic partnerships with industry players that enhance its market reach and operational efficiency. Fluctuations in global aluminium prices and demand dynamics in various sectors also play a crucial role in influencing the company’s earnings.

Manaksia Aluminium Company Ltd Financial Statement Overview

Summary

Manaksia Aluminium Company Ltd has shown strong revenue growth but faces challenges with profitability due to narrow margins. The balance sheet indicates high leverage, which could be risky if interest rates rise. Cash flow issues highlight the need for improved cash management.

Income Statement

Manaksia Aluminium Company Ltd demonstrated solid revenue growth with a 17.7% increase from the previous year, although the net profit margin remains low at 1.19%. The gross profit margin stands at 29.6%, indicating decent cost management in production, but a decline in EBIT margin to 6.79% suggests increased operating expenses. The EBITDA margin is at 8.63%, reflecting moderate operating efficiency.

Balance Sheet

The company's balance sheet reveals a debt-to-equity ratio of 1.77, indicating a relatively high leverage. However, the equity ratio is 26.8%, showing a stable equity base. Return on equity is low at 4.47%, highlighting limited profitability relative to shareholder investments.

Cash Flow

The cash flow statement shows challenges with negative free cash flow and a significant decrease from the previous year. The operating cash flow to net income ratio is 0.16, indicating low cash generation from operations relative to net income. These figures suggest potential liquidity issues if not addressed.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	5.62B	5.09B	4.32B	4.83B	4.38B	2.75B
Gross Profit	1.56B	1.51B	527.85M	1.19B	1.22B	300.33M
EBITDA	465.04M	439.22M	327.84M	315.88M	244.01M	122.78M
Net Income	68.91M	60.46M	50.86M	88.66M	74.56M	-31.63M
Balance Sheet
Total Assets	0.00	5.04B	4.18B	3.79B	3.72B	3.22B
Cash, Cash Equivalents and Short-Term Investments	69.50M	262.67M	1.15M	980.00K	4.56M	174.45M
Total Debt	0.00	2.39B	1.72B	1.46B	1.29B	1.11B
Total Liabilities	-1.35B	3.69B	2.88B	2.54B	2.56B	2.14B
Stockholders Equity	1.35B	1.35B	1.30B	1.25B	1.16B	1.09B
Cash Flow
Free Cash Flow	0.00	-306.88M	-102.97M	-21.98M	-26.52M	-165.37M
Operating Cash Flow	0.00	9.69M	60.58M	132.98M	79.20M	-131.08M
Investing Cash Flow	0.00	-332.55M	-106.53M	-155.75M	-125.47M	-81.11M
Financing Cash Flow	0.00	391.19M	46.12M	22.07M	46.56M	208.39M

Manaksia Aluminium Company Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 29.58
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MANAKALUCO, the sentiment is Positive. The current price of 29.58 is below the 20-day moving average (MA) of 31.61, above the 50-day MA of 28.20, and above the 200-day MA of 27.98, indicating a bullish trend. The MACD of 5.16 indicates Negative momentum. The RSI at 83.30 is Negative, neither overbought nor oversold. The STOCH value of 86.49 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:MANAKALUCO.

Manaksia Aluminium Company Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MAANALU	67 Neutral	₹8.36B	53.98	―	―	-0.28%	-33.35%
CENTEXT	66 Neutral	₹1.80B	17.53	―	―	―	―
CUBEXTUB	66 Neutral	₹1.58B	21.33	―	―	29.24%	75.16%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
MANAKALUCO	61 Neutral	₹3.55B	56.12	―	0.28%	19.61%	21.47%
MCL	53 Neutral	₹2.08B	60.13	―	―	119.41%	-35.45%

Manaksia Aluminium Company Ltd Corporate Events

Manaksia Aluminium Announces Resignation of Key Managerial Personnel

Manaksia Aluminium Company Ltd announced the resignation of Mr. Vivek Jain as the Company Secretary and Compliance Officer, effective December 12, 2025. This change is due to Mr. Jain’s decision to pursue an alternate career opportunity. The company is actively seeking a replacement and will update the stock exchanges once a new appointment is made.

Manaksia Aluminium Releases Unaudited Financial Results for September 2025

Manaksia Aluminium Company Ltd announced the approval and adoption of its unaudited financial results for the quarter and half-year ending September 30, 2025, during a board meeting. The results, reviewed by Dangi Jain & Co., Chartered Accountants, will be published in newspapers and uploaded on the company’s website, reflecting compliance with SEBI regulations. This announcement is significant for stakeholders as it provides insights into the company’s financial performance and adherence to regulatory standards.