Manaksia Steels Ltd (MANAKSTEEL) AI Stock Analysis

• Market Cap: ₹3.79B
• Dividend Yield: N/A
• Average Volume (3M): 2.10K
• Price to Earnings (P/E): 11.9
• Beta (1Y): 1.23
• Revenue Growth: 49.22%
• EPS Growth: 49.59%
• Country: IN
• Employees: 192
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): 1.47
• Shares Outstanding: 65,534,050
• 10 Day Avg. Volume: 423
• 30 Day Avg. Volume: 2,098
• PEG Ratio: -0.51
• Price to Book (P/B): 1.12
• Price to Sales (P/S): 0.51
• P/FCF Ratio: -5.65
• 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: 57 Neutral
• Price Target: ₹60.00 ▲(4.40% Upside)
• Action: Reiterated Date: 04/02/26
• Date: Action: Reiterated 04/02/26

The score is primarily held back by weak technicals (price below key moving averages and negative MACD) and mixed fundamentals, especially negative free cash flow. A relatively stable balance sheet and a reasonable P/E provide partial support but do not offset the current momentum and cash-generation risks.

Positive Factors

Value‑added Product Niche

Manaksia’s focus on coated and pre-painted steel creates a durable business model advantage. Value-added processing supports differentiation, typically higher per-tonne margins and closer relationships with fabricators and distributors, sustaining revenue resilience tied to construction demand.

Negative Factors

Negative Free Cash Flow

Persistent negative free cash flow driven by elevated capex and operating cash below net income threatens funding flexibility. Over several months this can force external financing, constrain maintenance or growth investments, and increase liquidity risk during downturns.

Manaksia Steels Ltd Business Overview & Revenue Model

Company Description

Manaksia Steels Limited manufactures and sells secondary steel products primarily for housing, industry, and infrastructure sectors in India and internationally. The company offers cold rolled sheets used in interior and exterior panels of automob...

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Manaksia Steels Limited manufactures and sells secondary steel products primarily for housing, industry, and infrastructure sectors in India and internationally. The company offers cold rolled sheets used in interior and exterior panels of automob...

How the Company Makes Money

Manaksia Steels Ltd makes money primarily by manufacturing and selling coated/value-added steel products. Its core revenue stream is the sale of colour-coated (pre-painted) steel coils/sheets and other coated steel products, where the company buys...

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Manaksia Steels Ltd makes money primarily by manufacturing and selling coated/value-added steel products. Its core revenue stream is the sale of colour-coated (pre-painted) steel coils/sheets and other coated steel products, where the company buys...

Manaksia Steels Ltd Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	8.45B	6.34B	6.81B	7.42B	6.11B	5.02B
Gross Profit	1.57B	1.00B	1.05B	1.06B	1.40B	1.09B
EBITDA	422.26M	265.81M	530.03M	301.43M	613.58M	466.53M
Net Income	180.14M	97.50M	283.84M	121.85M	353.17M	265.43M
Balance Sheet
Total Assets	5.69B	5.37B	5.20B	4.20B	3.50B	3.49B
Cash, Cash Equivalents and Short-Term Investments	1.52B	1.37B	1.75B	1.15B	375.50M	202.60M
Total Debt	2.03B	2.06B	1.86B	488.68M	95.45M	670.46M
Total Liabilities	2.64B	2.47B	2.20B	1.30B	840.49M	1.26B
Stockholders Equity	3.04B	2.89B	3.00B	2.90B	2.66B	2.23B
Cash Flow
Free Cash Flow	209.85M	-573.67M	-908.70M	159.36M	-74.70M	349.35M
Operating Cash Flow	292.79M	135.30M	-521.50M	241.57M	-5.64M	356.69M
Investing Cash Flow	-244.22M	-209.54M	-843.54M	-646.54M	572.34M	-707.33M
Financing Cash Flow	-83.24M	91.65M	1.30B	354.41M	-591.92M	47.50M

Manaksia Steels Ltd Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 57.47
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MANAKSTEEL, the sentiment is Neutral. The current price of 57.47 is above the 20-day moving average (MA) of 52.80, above the 50-day MA of 57.18, and below the 200-day MA of 60.65, indicating a neutral trend. The MACD of -0.35 indicates Negative momentum. The RSI at 57.67 is Neutral, neither overbought nor oversold. The STOCH value of 82.61 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:MANAKSTEEL.

Manaksia Steels Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BEDMUTHA	70 Outperform	₹3.84B	-23.14	―	―	34.36%	-100.15%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
MAHASTEEL	61 Neutral	₹15.53B	215.61	―	―	11.83%	124.74%
VIKASECO	58 Neutral	₹2.58B	-45.38	―	―	7.61%	-50.76%
MANAKSTEEL	57 Neutral	₹3.79B	11.94	―	―	49.22%	49.59%
MANORG	57 Neutral	₹3.61B	24.26	―	―	22.53%	237.55%
KANORICHEM	45 Neutral	₹3.06B	23.83	―	―	-1.30%	-27.85%