Manaksia Steels Ltd (MANAKSTEEL) AI Stock Analysis

• Market Cap: ₹3.71B
• 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: 70 Outperform
• Price Target: ₹75.00 ▲(30.50% Upside)
• Action: Upgraded Date: 04/17/26
• Date: Action: Upgraded 04/17/26

Overall score reflects mixed financial performance (declining revenue/margins and negative free cash flow) balanced by a stable balance sheet and strong technical uptrend (price above key moving averages with positive momentum). Valuation appears reasonable at ~11.94x earnings, providing additional support.

Positive Factors

Value-added product mix

Manaksia Steels focuses on value‑added coated and pre‑painted flat steel used in roofing, cladding and appliances. This downstream processing business model captures conversion margins, diversifies end‑market exposure, and is structurally less commoditized than raw steel, supporting steadier long-term margins.

Negative Factors

Negative free cash flow

The company recorded negative free cash flow primarily from elevated capital expenditures. Persistently negative FCF can limit self‑funded growth, increase reliance on external financing, and constrain dividend capacity or debt reduction, making long‑term execution and resilience to downturns harder.

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 makes money mainly by selling processed, coated, and pre-coated flat steel products to industrial and distribution customers. Its core revenue stream is the manufacture and sale of metallic coated steel (e.g., galvanized and galval...

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Manaksia Steels makes money mainly by selling processed, coated, and pre-coated flat steel products to industrial and distribution customers. Its core revenue stream is the manufacture and sale of metallic coated steel (e.g., galvanized and galval...

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

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MANAKSTEEL, the sentiment is Positive. The current price of 57.47 is above the 20-day moving average (MA) of 53.40, above the 50-day MA of 57.17, and below the 200-day MA of 60.67, indicating a bullish trend. The MACD of 1.03 indicates Negative momentum. The RSI at 69.68 is Neutral, neither overbought nor oversold. The STOCH value of 79.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:MANAKSTEEL.

Manaksia Steels Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MANAKSTEEL	70 Outperform	₹3.71B	11.94	―	―	49.22%	49.59%
BEDMUTHA	70 Outperform	₹3.82B	-23.14	―	―	34.36%	-100.15%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
MAHASTEEL	61 Neutral	₹15.07B	215.61	―	―	11.83%	124.74%
VIKASECO	58 Neutral	₹2.55B	-45.38	―	―	7.61%	-50.76%
MANORG	57 Neutral	₹3.63B	24.26	―	―	22.53%	237.55%
KANORICHEM	45 Neutral	₹3.22B	23.83	―	―	-1.30%	-27.85%