Manaksia Aluminium Company Ltd (IN:MANAKALUCO)
:MANAKALUCO
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Manaksia Aluminium Company Ltd
(MANAKALUCO)
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Rating:54Neutral
Price Target:
₹38.00
▲(28.47% Upside)
Action:Reiterated
Date:05/10/26
The score is held back primarily by weak financial quality—especially negative free cash flow, weak cash conversion, and elevated/rising leverage—despite a clear technical uptrend and some revenue recovery. Valuation is only average given the relatively high P/E versus thin profitability.
Positive Factors
Revenue recovery
A clear revenue rebound to 5.64B in FY2026 signals improving end-market demand and better capacity utilization. Sustained top-line recovery supports more stable production throughput and provides time for the company to convert volume gains into longer-run operating leverage.
Negative Factors
Negative free cash flow
Persistent negative free cash flow constrains self-funded investment and debt reduction. Even with improved operating cash flow, weak cash conversion risks recurring external financing, limiting strategic flexibility and increasing exposure to interest and refinancing cycles over months to years.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue recovery
A clear revenue rebound to 5.64B in FY2026 signals improving end-market demand and better capacity utilization. Sustained top-line recovery supports more stable production throughput and provides time for the company to convert volume gains into longer-run operating leverage.
Read all positive factors
Manaksia Aluminium Company Ltd (MANAKALUCO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.45B
Dividend Yield0.28%
Average Volume (3M)8.36K
Price to Earnings (P/E)32.3
Beta (1Y)1.05
Revenue Growth10.76%
EPS Growth24.60%
CountryIN
Employees310
SectorBasic Materials
Sector Strength58
IndustryAluminum
Share Statistics
EPS (TTM)0.96
Shares Outstanding65,534,050
10 Day Avg. Volume3,865
30 Day Avg. Volume8,364
Financial Highlights & Ratios
PEG Ratio0.76
Price to Book (P/B)1.00
Price to Sales (P/S)0.25
P/FCF Ratio-33.69
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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...
How the Company Makes Money
The company primarily makes money by manufacturing aluminium flat-rolled products (notably aluminium coils and sheets) and selling them to business customers (B2B) across end-use industries. Revenue is generated from (1) sales of finished aluminiu...
Manaksia Aluminium Company Ltd Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
44
Neutral
Cash Flow
31
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.42B | 5.64B | 5.09B | 4.32B | 4.83B | 4.38B |
| Gross Profit | 1.47B | 1.26B | 1.51B | 527.85M | 1.19B | 1.22B |
| EBITDA | 459.62M | 473.48M | 439.22M | 327.84M | 315.88M | 244.01M |
| Net Income | 63.17M | 75.56M | 60.46M | 50.86M | 88.66M | 74.56M |
Balance Sheet | ||||||
| Total Assets | 5.34B | 5.51B | 5.04B | 4.18B | 3.79B | 3.72B |
| Cash, Cash Equivalents and Short-Term Investments | 158.05M | 181.22M | 262.67M | 1.15M | 980.00K | 4.56M |
| Total Debt | 2.67B | 2.41B | 2.39B | 1.72B | 1.46B | 1.29B |
| Total Liabilities | 3.96B | 4.09B | 3.69B | 2.88B | 2.54B | 2.56B |
| Stockholders Equity | 1.38B | 1.42B | 1.35B | 1.30B | 1.25B | 1.16B |
Cash Flow | ||||||
| Free Cash Flow | -206.07M | -42.39M | -306.88M | -102.97M | -21.98M | -26.52M |
| Operating Cash Flow | -115.12M | 127.29M | 9.69M | 60.58M | 132.98M | 79.20M |
| Investing Cash Flow | -92.02M | -189.18M | -332.55M | -106.53M | -155.75M | -125.47M |
| Financing Cash Flow | 138.98M | 16.01M | 391.19M | 46.12M | 22.07M | 46.56M |
Manaksia Aluminium Company Ltd Technical Analysis
Positive
29.58
Price Trends
30.60
Positive
33.52
Positive
31.01
Positive
Market Momentum
0.94
Positive
61.19
Neutral
61.08
Neutral
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 35.28, below the 50-day MA of 30.60, and below the 200-day MA of 31.01, indicating a bullish trend. The MACD of 0.94 indicates Positive momentum. The RSI at 61.19 is Neutral, neither overbought nor oversold. The STOCH value of 61.08 is Neutral, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹794.44B | 13.73 | ― | 3.62% | 6.29% | 10.05% | |
66 Neutral | ₹8.57B | 50.44 | ― | ― | -0.21% | -18.99% | |
65 Neutral | ₹2.58T | 19.07 | ― | 0.58% | 15.28% | -16.31% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | ₹969.16M | 38.35 | ― | ― | -26.75% | -6.16% | |
59 Neutral | ₹15.87B | 103.24 | ― | 0.16% | 0.36% | 64.76% | |
54 Neutral | ₹2.45B | 32.26 | ― | 0.28% | 10.76% | 24.60% |
* Basic Materials Sector Average
IN:MANAKALUCO
Manaksia Aluminium Company Ltd
37.43
10.86
40.87%
IN:GOYALALUM
Goyal Aluminiums Limited
6.79
-1.48
-17.90%
IN:HINDALCO
Hindalco Industries Limited
1,149.50
520.76
82.83%
IN:MAANALU
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142.80
29.43
25.96%
IN:NATIONALUM
National Aluminium Co. Ltd.
432.55
259.94
150.60%
IN:ARFIN
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94.06
66.44
240.55%
Manaksia Aluminium Company Ltd Corporate Events
Manaksia Aluminium Publishes FY2026 Audited Results in Line with SEBI Norms
May 9, 2026
Manaksia Aluminium Company Ltd has announced that it has published its audited financial results for the quarter and full year ended 31 March 2026 in the Business Standard (English) and Ekdin (Bengali) newspapers dated 9 May 2026. The publication ...
Manaksia Aluminium Says No Undisclosed Events Behind Share Price Surge
Apr 28, 2026
Manaksia Aluminium Company Ltd has responded to stock exchange queries after a significant movement in its share price, stating that it remains fully compliant with SEBI’s disclosure norms and has promptly shared all required price-sensitive...
Manaksia Aluminium Withdraws Erroneous Large Corporate Disclosure
Apr 28, 2026
Manaksia Aluminium Company Limited has corrected an earlier filing under the Securities and Exchange Board of India’s Large Corporate framework, stating that the previous disclosure of its outstanding borrowings was made inadvertently due to...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.