Manaksia Limited (MANAKSIA) AI Stock Analysis

• Market Cap: ₹3.34B
• Dividend Yield: N/A
• Average Volume (3M): 3.74K
• Price to Earnings (P/E): 7.3
• Beta (1Y): 1.11
• Revenue Growth: 51.38%
• EPS Growth: -19.06%
• Country: IN
• Employees: 1,158
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Manufacturing - Metal Fabrication
• EPS (TTM): 2.22
• Shares Outstanding: 65,534,050
• 10 Day Avg. Volume: 4,199
• 30 Day Avg. Volume: 3,737
• PEG Ratio: -0.27
• Price to Book (P/B): 0.69
• Price to Sales (P/S): 0.54
• P/FCF Ratio: -1.37
• 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: 67 Neutral
• Price Target: ₹54.00 ▼(-16.95% Downside)
• Action: Reiterated Date: 01/07/26
• Date: Action: Reiterated 01/07/26

The score is primarily driven by mixed financial performance—declining margins and recently negative operating/free cash flow are key risks, partly offset by a strong, low-debt balance sheet. Technicals are supportive with price above key moving averages and positive MACD, while valuation is helped by a low P/E.

Positive Factors

Balance-sheet strength

Low leverage and a high equity ratio give Manaksia durable financial flexibility. This reduces refinancing risk, supports capital expenditure or cyclical cushioning, and allows the company to absorb temporary cash-flow shocks without immediate external funding needs over the medium term.

Operational profitability

Sustained positive EBIT and EBITDA margins indicate core manufacturing operations remain profitable. This operational profitability supports internal funding for maintenance capex and working capital, preserves supplier relations, and provides a persistent cushion against commodity input swings.

Reported revenue growth

A strong reported revenue growth rate suggests the company can expand sales and win volumes. Higher top-line growth can improve capacity utilization and enable scale benefits, which may help margin recovery and long-term competitiveness if cost trends stabilize.

Negative Factors

Negative cash flow

Operating and free cash flows turning negative is a structural concern: it constrains liquidity, limits the firm's ability to self-fund capex and working capital, and increases reliance on external financing. Persistent negative cash conversion undermines long-term financial resilience.

Declining margins

Eroding gross and net margins point to weakening cost efficiency or pricing power. If persistent, margin deterioration reduces internal cash generation, limits reinvestment for productivity improvements, and heightens earnings sensitivity to commodity and input-cost volatility.

Eroding equity base

A trend of declining shareholders' equity signals capital erosion that can erode the firm's financial buffer. Over time this weakens the low-debt advantage, constrains borrowing capacity, and could force dilutive or costly financing choices if underlying profitability and cash generation don't recover.

Manaksia Limited Business Overview & Revenue Model

Company Description

Manaksia Limited, together with its subsidiaries, manufactures and sells metal products in India and internationally. The company offers sponge iron and value added steel products comprising cold rolled sheets used in interior and exterior panels of automobiles, buses, and commercial vehicles; galvanised corrugated sheets used in the rural housing sector and factory buildings; galvanised plain sheets used in the manufacture of containers and water tanks; and colour coated (pre-painted) coils and sheets for sale to construction, housing, consumer durable, and other industries. It also provides aluminium rolled products in coil and sheet form used in closures, bus bodies, flooring, and general engineering purposes; colour coated (pre-painted) coils and sheets for the manufacture of heat exchanger fins for air conditioners in the HVAC sector; and aluminium alloy ingots used in the steel and automotive industries. In addition, the company offers roll on pilfer proof closures for liquor and pharmaceutical sectors, as well as crown closures for beer and carbonated soft drink sectors; and kraft, brown, and fluting paper, as well as engages in the wholesale of other machinery and equipment. The company was formerly known as Hindusthan Seals Ltd. Manaksia Limited was incorporated in 1984 and is based in Kolkata, India.

How the Company Makes Money

Manaksia Limited primarily makes money by manufacturing products and selling them to business customers (B2B), generating revenue when finished goods are delivered under supply contracts or purchase orders. Key revenue streams include: (1) Aluminium and other metal value-added products: revenue is earned from converting metal inputs into finished rolled/processed products (e.g., sheets/foils/coil-based items and downstream fabricated products) and selling them to industrial customers; margins are driven by conversion spreads (processing value-add over input costs), product mix, capacity utilization, and pricing tied to underlying metal prices. (2) Industrial packaging (metal drums and related containers): revenue is earned from manufacturing and selling drums/containers used for chemicals, edible oils, lubricants, and other industrial liquids/solids; profitability typically depends on steel input costs, manufacturing efficiency, and customer volumes. (3) Exports and multi-geography sales (where applicable): the company may earn revenue from international sales through group operations; however, specific export share, geographies, or customer concentration details are not available here. Significant partnerships, named customers, or explicit long-term contract structures are not available in the provided context and are therefore null.

Manaksia Limited Financial Statement Overview

Summary

Mixed fundamentals: profitability remains positive at the EBIT/EBITDA level, but revenue and profit margins have declined and operating/free cash flow recently turned negative, raising liquidity and cash-conversion concerns. Balance sheet strength (high equity ratio, low debt) partially offsets these risks.

Income Statement

The company's gross profit margin has decreased from prior years, indicating a reduction in cost efficiency. Net profit margin also decreased, reflecting potential challenges in maintaining profitability. Revenue growth is volatile with a recent decline, suggesting instability in revenue streams. Despite this, the company maintains positive EBIT and EBITDA margins, indicating operational profitability.

Balance Sheet

The company shows a strong equity position with a high equity ratio, indicating financial stability. The debt-to-equity ratio is low, which minimizes financial risk. However, stockholders' equity has decreased over time, which could be a concern if the trend continues.

Cash Flow

The operating cash flow has turned negative recently, which is concerning for liquidity. Free cash flow also shows a negative trend, suggesting potential cash management issues. The operating cash flow to net income ratio is unfavorable, indicating inefficiencies in converting income into cash.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	8.20B	7.31B	7.02B	11.65B	11.74B	8.61B
Gross Profit	1.56B	1.68B	1.94B	1.62B	3.92B	1.15B
EBITDA	860.10M	1.02B	1.26B	2.23B	2.89B	1.34B
Net Income	502.99M	559.77M	755.51M	1.07B	1.83B	596.37M
Balance Sheet
Total Assets	7.54B	7.14B	7.22B	13.93B	13.74B	11.72B
Cash, Cash Equivalents and Short-Term Investments	3.74B	3.52B	4.90B	8.65B	8.87B	7.02B
Total Debt	380.28M	258.83M	742.31M	582.48M	1.14B	523.59M
Total Liabilities	983.04M	1.18B	1.42B	2.43B	2.87B	1.94B
Stockholders Equity	6.33B	5.72B	5.50B	11.24B	10.62B	9.56B
Cash Flow
Free Cash Flow	-390.18M	-2.88B	1.33B	422.35M	1.37B	2.73B
Operating Cash Flow	-256.54M	-2.75B	1.35B	530.32M	1.40B	2.79B
Investing Cash Flow	-325.20M	3.58B	3.23B	151.33M	73.33M	-3.02B
Financing Cash Flow	107.64M	-681.83M	-159.64M	-906.81M	321.47M	327.82M

Manaksia Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 65.02
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MANAKSIA, the sentiment is Negative. The current price of 65.02 is above the 20-day moving average (MA) of 57.10, above the 50-day MA of 61.75, and below the 200-day MA of 67.27, indicating a bearish trend. The MACD of -2.88 indicates Positive momentum. The RSI at 29.39 is Positive, neither overbought nor oversold. The STOCH value of 10.70 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MANAKSIA.

Manaksia Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MANAKSIA	67 Neutral	₹3.34B	7.26	―	―	51.38%	-19.06%
MANAKSTEEL	64 Neutral	₹3.54B	11.94	―	―	49.22%	49.59%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
MANAKCOAT	58 Neutral	₹12.17B	47.42	―	0.04%	18.99%	96.30%
MANAKALUCO	57 Neutral	₹1.66B	28.65	―	0.28%	19.61%	21.47%
MANORG	54 Neutral	₹3.45B	24.26	―	―	22.53%	237.55%
GOACARBON	43 Neutral	₹2.96B	-4.16	―	5.02%	-19.25%	-220.20%

Manaksia Limited Corporate Events

Manaksia opens special window for transfer, demat of physical shares

Manaksia Limited has notified stock exchanges that it has opened a special window to facilitate the transfer and dematerialization of physical share certificates held by its investors. In line with recent Securities and Exchange Board of India requirements, the company has published notices in leading English and regional newspapers and on its website to inform shareholders, signaling a push toward greater digitization of its shareholding base and smoother compliance for investors.

The move is expected to aid holders of physical securities in converting to electronic form, which can improve liquidity, reduce settlement risks, and align the company’s shareholder records with evolving regulatory standards. By actively communicating the special window through multiple channels, Manaksia seeks to ensure broad shareholder awareness and support regulatory efforts to phase out physical securities and strengthen market transparency.

Manaksia Publishes December-Quarter Unaudited Results in Newspapers

Manaksia Limited has announced that it has published its unaudited financial results for the quarter and nine-month period ended 31 December 2025 in the English daily Business Standard and the Bengali daily Ekdin, in line with Indian securities listing regulations. The disclosure, made via newspaper publication on 31 January 2026 and formally notified to the stock exchanges, underscores the company’s compliance with regulatory transparency requirements, providing public access to its latest financial performance and ensuring that shareholders and market participants can review its interim results through widely circulated print media.

Manaksia Board Clears Q3 FY26 Unaudited Results After Clean Auditor Review

Manaksia Limited’s board of directors has approved the company’s standalone and consolidated unaudited financial results for the quarter and nine‑month period ended 31 December 2025 at a board meeting held on 30 January 2026. The results, prepared under Indian Accounting Standard 34 and submitted to the stock exchanges in compliance with SEBI disclosure regulations, were reviewed by independent auditors S K Agrawal and Co Chartered Accountants LLP, who reported that nothing had come to their attention to suggest any material misstatement or non‑compliance in the company’s unaudited standalone financial statements, reinforcing regulatory compliance and transparency for investors and other stakeholders.