MANAKSTEEL
Manaksia Steels financials
- Market cap
- ₹764 Cr
- Sector
- Metals & Mining
What Manaksia Steels Limited does
Manaksia Steels manufactures coated flat metal products for construction, home appliances, storage/warehousing and white-goods industries. Its product range spans cold-rolled steel coils and sheets, hot-dipped galvanized steel, pre-painted (colour-coated) profile sheets, and newly added Alu-Zinc coated coils and sheets, produced at ISO 9001:2015-certified facilities in Haldia and Bankura. Products are sold under the brand names '5 Star Super Shakti' (galvanized corrugated sheets), '5 Star Super Colour' (colour-coated coils/sheets), '5 Star Superlume' (Alu-Zinc coated coils/sheets) and 'Austrang' (new colour-coated steel range). The Company also has exposure to long steel products in Nigeria through its subsidiary Federated Steel Mills Limited.
Segments
- Cold-rolled steel coils and sheets
- Hot-dipped galvanized steel
- Pre-painted (colour-coated) profile sheets
- Alu-Zinc coated coils and sheets
- Cold rolled coils and steel capacity
- 1,20,000 MTPA
- Alu-Zinc coated coils and steel capacity
- 1,10,800 MTPA
- Pre-painted galvanized coils and steel capacity
- 48,000 MTPA
- Hot-dipped galvanized coils and steel capacity
- 36,000 MTPA
- Manufacturing plants
- 2 (Haldia and Bankura, West Bengal)
- Export countries
- Bhutan, Ethiopia, Cote D'Ivoire, Liberia, Sierra Leone, Gambia, Ghana, Nigeria, Sri Lanka, UAE
Quarterly results
Q1 FY27: revenue up 50.7%, net profit up 283.3% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 104 | 160 | 204 | 217 | 263 +153% | 318 +99% | 333 +63% | 327 +51% |
| EBITDA | -3 | 6 | 9 | 11 | 12 +500% | 15 +150% | 38 +322% | 34 +209% |
| Net profit | 1 | 2 | 5 | 6 | 4 +300% | 10 +400% | 19 +280% | 23 +283% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +88.1% 1Y
1Y: ₹62.68 on 10 Sept 2025 → ₹117.91. High ₹117.91 (11 Sept 2026), low ₹45.99 (30 Mar 2026).
Financials, as filed
Revenue grew 19.2% a year over 3 years, FY23 to FY26. Operating margin widened to 6.7%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹667 Cr | ₹681 Cr | ₹633 Cr | ₹1.1k Cr |
| Operating profit | ₹20 Cr | ₹37 Cr | ₹15 Cr | ₹76 Cr |
| Operating margin | 3.0% | 5.4% | 2.4% | 6.7% |
| Interest | ₹3 Cr | ₹9 Cr | ₹8 Cr | ₹16 Cr |
| Depreciation | ₹6 Cr | ₹7 Cr | ₹7 Cr | ₹11 Cr |
| Net profit | ₹13 Cr | ₹29 Cr | ₹10 Cr | ₹39 Cr |
| Net margin | 2.0% | 4.3% | 1.6% | 3.4% |
| Cash from operations | ₹24 Cr | ₹-52 Cr | ₹14 Cr | ₹62 Cr |
| Free cash flow | ₹16 Cr | ₹-91 Cr | ₹-55 Cr | ₹24 Cr |
| ROCE | 6.0% | 11.0% | 4.0% | 14.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹7 Cr | ₹7 Cr | ₹7 Cr | ₹7 Cr | ₹7 Cr | ₹7 Cr |
| Reserves | ₹216 Cr | ₹260 Cr | ₹284 Cr | ₹294 Cr | ₹313 Cr | ₹319 Cr |
| Borrowings | ₹67 Cr | ₹10 Cr | ₹49 Cr | ₹186 Cr | ₹203 Cr | ₹151 Cr |
| Other liabilities | ₹58 Cr | ₹74 Cr | ₹81 Cr | ₹34 Cr | ₹52 Cr | ₹115 Cr |
| Total liabilities | ₹348 Cr | ₹350 Cr | ₹420 Cr | ₹520 Cr | ₹574 Cr | ₹593 Cr |
| Fixed assets | ₹88 Cr | ₹77 Cr | ₹72 Cr | ₹59 Cr | ₹136 Cr | ₹152 Cr |
| Capital work in progress | ₹0 Cr | ₹5 Cr | ₹7 Cr | ₹32 Cr | ₹14 Cr | ₹33 Cr |
| Investments | ₹25 Cr | ₹52 Cr | ₹129 Cr | ₹185 Cr | ₹176 Cr | ₹86 Cr |
| Other assets | ₹235 Cr | ₹216 Cr | ₹212 Cr | ₹244 Cr | ₹249 Cr | ₹322 Cr |
| Total assets | ₹348 Cr | ₹350 Cr | ₹420 Cr | ₹520 Cr | ₹574 Cr | ₹593 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 11% to 26,898.
- Promoters
- 74.8%
- Government
- 0.6%
- Public
- 24.6%
Since Jun 2025
- Public −0.01 pp
- Promoters 0.00 pp
- FIIs 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 74.8%, FIIs 1.0%, Public 24.3%.Dec '23: Promoters 74.8%, FIIs 0.9%, Public 24.4%.Mar '24: Promoters 74.8%, FIIs 0.8%, Public 24.5%.Jun '24: Promoters 74.8%, FIIs 0.7%, Public 24.5%.Sep '24: Promoters 74.8%, FIIs 0.6%, Public 24.6%.Dec '24: Promoters 74.8%, Government 0.6%, Public 24.6%.Mar '25: Promoters 74.8%, Government 0.6%, Public 24.6%.Jun '25: Promoters 74.8%, Government 0.6%, Public 24.6%.Sep '25: Promoters 74.8%, Government 0.6%, Public 24.6%.Dec '25: Promoters 74.8%, Government 0.6%, Public 24.6%.Mar '26: Promoters 74.8%, Government 0.6%, Public 24.6%.Jun '26: Promoters 74.8%, Government 0.6%, Public 24.6%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Manaksia Steels Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Payal Agrawal | 19.51% | unchanged |
| Varun Agrawal | 19.47% | unchanged |
| Suresh Kumar Agarwal | 18.85% | unchanged |
| Chandrakala Agrawal | 16.40% | unchanged |
| Shree Bahubali Stock Broking Limited | 1.23% | unchanged |
| S. K. Agrawal & Sons Huf (Suresh Kumar Agrawal) | 0.51% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Manaksia Steels Limited
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