Fundamental Analysis of Manaksia Coated Metals & Industries Ltd

About the Company - Manaksia Coated Metals & Industries Ltd

Manaksia Coated Metals & Industries Ltd. is a Public Limited Listed company incorporated on 25/03/2010 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L27100WB2010PLC144409 and registration number is 144409. Currently Company is involved in the business activities of Manufacture of hot-rolled and cold-rolled products of steel. Company’s Total Operating Revenue is Rs. 647.73 Cr. and Equity Capital is Rs. 6.55 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Aluminium - Sheets/Coils/Wires	8/1, Lal Bazar Street, Bikaner Building, Kolkata West Bengal 700001	infomcmil@manaksia.com http://www.manaksiacoatedmetals.com

Management
Name	Position Held
Mr. Siddhartha Shankar Roy	Chairman
Mr. Sushil Kumar Agrawal	Managing Director
Mr. Siddhartha Sengupta	Independent Director
Mr. Karan Agrawal	Whole Time Director
Mr. Debasis Banerjee	Whole Time Director
Mr. Probir Kumar Chaudhury	Independent Director
Mr. Venkata Srinarayana Addanki	Whole Time Director
Ms. Gargi Singh	Independent Director

Basic Stock Data of Manaksia Coated Metals & Industries Ltd

Last Updated: July 26, 2024, 10:23 pm

Market Cap	480 Cr.
Current Price	64.3
High / Low	73.0/16.1
Stock P/E	42.7
Book Value	20.5
Dividend Yield	0.05 %
ROCE	14.9 %
ROE	8.28 %
Face Value	1.00
PEG Ratio	1.47

Data Source: screener.in

Competitors of Manaksia Coated Metals & Industries Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Arfin India Ltd	674 Cr.	39.9	62.7/36.8	82.0	6.06	0.00 %	13.6 %	8.91 %	1.00
Manaksia Coated Metals & Industries Ltd	480 Cr.	64.3	73.0/16.1	42.7	20.5	0.05 %	14.9 %	8.28 %	1.00
Industry Average	674.00 Cr	39.90		82.00	6.06	0.00%	13.60%	8.91%	1.00

Manaksia Coated Metals & Industries Ltd Quarterly Results

Month	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Sales	131.71	142.05	155.47	214.63	97.69	179.96	139.34	148.73	176.92	186.85	171.70	194.53	190.86
Expenses	122.84	131.36	148.21	205.80	91.25	167.66	132.16	141.29	168.00	177.78	164.22	182.04	180.03
Operating Profit	8.87	10.69	7.26	8.83	6.44	12.30	7.18	7.44	8.92	9.07	7.48	12.49	10.83
OPM %	6.73%	7.53%	4.67%	4.11%	6.59%	6.83%	5.15%	5.00%	5.04%	4.85%	4.36%	6.42%	5.67%
Other Income	1.27	-0.71	2.28	3.04	1.63	1.61	2.16	1.63	0.64	5.76	4.26	1.38	3.28
Interest	5.42	5.50	5.05	6.06	4.89	7.09	5.40	6.05	6.97	3.42	8.80	9.59	6.37
Depreciation	2.26	2.26	2.22	2.23	2.20	2.24	2.31	2.31	2.30	2.27	2.29	2.31	2.31
Profit before tax	2.46	2.22	2.27	3.58	0.98	4.58	1.63	0.71	0.29	9.14	0.65	1.97	5.43
Tax %	8.54%	25.68%	27.31%	25.14%	26.53%	21.62%	58.90%	-4.23%	27.59%	15.32%	80.00%	-2.03%	25.41%
Net Profit	2.25	1.65	1.65	2.67	0.72	3.58	0.67	0.74	0.21	7.74	0.12	2.01	4.05
EPS in Rs	0.34	0.25	0.25	0.41	0.11	0.55	0.10	0.11	0.03	1.18	0.02	0.31	0.62

Last Updated: July 17, 2024, 10:36 am

Manaksia Coated Metals & Industries Ltd Quarterly Chart

Manaksia Coated Metals & Industries Ltd Profit & Loss

Last Updated: July 10, 2024, 7:31 pm

Month	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	225	269	253	265	247	446	648	652	730
Expenses	212	256	238	242	221	413	613	619	692
Operating Profit	12	14	15	22	26	33	35	33	38
OPM %	5%	5%	6%	8%	10%	7%	5%	5%	5%
Other Income	4	2	3	4	1	3	9	10	12
Interest	4	4	6	14	17	19	23	22	29
Depreciation	10	8	8	10	9	9	9	9	9
Profit before tax	3	3	4	2	1	8	11	12	12
Tax %	-14%	78%	51%	120%	-250%	22%	24%	20%
Net Profit	3	1	2	-0	3	6	9	9	10
EPS in Rs	0.44	0.10	0.30	-0.06	0.43	0.89	1.32	1.43	1.54
Dividend Payout %	0%	0%	0%	0%	0%	3%	0%	2%

Manaksia Coated Metals & Industries Ltd Profit & Loss Yearly Chart

Manaksia Coated Metals & Industries Ltd Growth

Compounded Sales Growth
10 Years:	%
5 Years:	23%
3 Years:	18%
TTM:	13%

Compounded Profit Growth
10 Years:	%
5 Years:	96%
3 Years:	24%
TTM:	98%

Stock Price CAGR
10 Years:	%
5 Years:	75%
3 Years:	67%
1 Year:	258%

Return on Equity
10 Years:	%
5 Years:	6%
3 Years:	7%
Last Year:	8%

Last Updated: July 25, 2024, 5:42 am

Manaksia Coated Metals & Industries Ltd Balance Sheet

Last Updated: July 10, 2024, 7:31 pm

Month	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	7	7	7	7	7	7	7	7	7
Reserves	76	80	82	83	87	93	102	113	115
Borrowings	52	58	124	128	138	147	178	190	186
Other Liabilities	75	89	97	137	150	191	198	239	233
Total Liabilities	209	234	309	354	381	438	484	548	540
Fixed Assets	73	100	157	148	144	136	130	122	118
CWIP	45	35	4	47	45	51	40	49	50
Investments	0	0	0	0	0	0	0	0	0
Other Assets	91	98	149	158	192	252	313	377	373
Total Assets	209	234	309	354	381	438	484	548	540

Manaksia Coated Metals & Industries Ltd Reserves and Borrowings Chart

Manaksia Coated Metals & Industries Ltd Cash Flow

Month	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity	31	22	-22	49	6	20	-13	8	22
Cash from Investing Activity	-13	-25	-33	-43	-0	-6	9	-7	-6
Cash from Financing Activity	-19	3	61	-13	-5	-12	6	-6	-16
Net Cash Flow	-1	0	6	-7	0	2	2	-4	-0

Manaksia Coated Metals & Industries Ltd Financial Efficiency Indicators

Month	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	72	56	47	35	37	38	27	24
Inventory Days	43	51	97	171	265	163	151	180
Days Payable	93	84	89	139	188	123	103	138
Cash Conversion Cycle	22	23	54	67	114	78	75	66
Working Capital Days	42	42	107	79	111	71	67	73
ROCE %		5%	5%	8%	8%	11%	13%	10%

Manaksia Coated Metals & Industries Ltd Financial Efficiency Indicators Chart

Manaksia Coated Metals & Industries Ltd Share Holding Pattern

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoters	67.21%	67.43%	67.43%	67.43%	67.43%	67.43%	67.43%	67.43%	67.43%	67.43%	67.43%	69.19%
FIIs	0.00%	0.00%	0.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	32.79%	32.57%	32.39%	32.57%	32.57%	32.56%	32.57%	32.58%	32.57%	32.57%	32.57%	30.81%
No. of Shareholders	20,485	20,790	22,200	36,360	34,654	33,836	32,888	31,901	31,618	31,334	29,186	29,681

Manaksia Coated Metals & Industries Ltd Shareholding Pattern Chart

No. of Manaksia Coated Metals & Industries Ltd Shareholders

This stock is not held by any mutual fund

Manaksia Coated Metals & Industries Ltd ROCE Trend

Manaksia Coated Metals & Industries Ltd EPS Trend

Manaksia Coated Metals & Industries Ltd Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	1.67	1.43	1.32	0.89	0.43
Diluted EPS (Rs.)	1.67	1.43	1.32	0.89	0.43
Cash EPS (Rs.)	2.75	2.83	2.67	2.28	1.79
Book Value[Excl.RevalReserv]/Share (Rs.)	20.52	18.20	16.60	15.24	14.23
Book Value[Incl.RevalReserv]/Share (Rs.)	20.52	18.20	16.60	15.24	14.23
Revenue From Operations / Share (Rs.)	99.59	99.47	98.84	68.12	37.68
PBDIT / Share (Rs.)	7.66	5.82	6.62	5.48	4.14
PBIT / Share (Rs.)	6.42	4.41	5.26	4.09	2.77
PBT / Share (Rs.)	2.01	1.80	1.74	1.15	0.12
Net Profit / Share (Rs.)	1.51	1.43	1.32	0.89	0.42
NP After MI And SOA / Share (Rs.)	1.51	1.43	1.32	0.89	0.42
PBDIT Margin (%)	7.68	5.84	6.69	8.03	10.98
PBIT Margin (%)	6.44	4.43	5.32	6.00	7.35
PBT Margin (%)	2.01	1.80	1.76	1.68	0.32
Net Profit Margin (%)	1.51	1.43	1.33	1.31	1.13
NP After MI And SOA Margin (%)	1.51	1.43	1.33	1.31	1.13
Return on Networth / Equity (%)	7.37	7.84	7.93	5.86	2.99
Return on Capital Employeed (%)	20.47	13.42	16.34	11.99	8.56
Return On Assets (%)	2.09	1.70	1.78	1.33	0.73
Long Term Debt / Equity (X)	0.39	0.64	0.61	0.71	0.72
Total Debt / Equity (X)	1.17	1.53	1.53	1.38	1.41
Asset Turnover Ratio (%)	1.36	1.27	1.41	1.10	0.67
Current Ratio (X)	1.21	1.13	1.15	1.17	1.13
Quick Ratio (X)	0.44	0.36	0.41	0.45	0.39
Inventory Turnover Ratio (X)	2.35	2.53	3.06	2.60	1.96
Interest Coverage Ratio (X)	1.74	1.75	1.88	1.86	1.56
Interest Coverage Ratio (Post Tax) (X)	1.34	1.21	1.37	1.30	1.16
Enterprise Value (Cr.)	378.62	259.60	312.98	199.63	146.02
EV / Net Operating Revenue (X)	0.51	0.39	0.48	0.44	0.59
EV / EBITDA (X)	6.66	6.81	7.21	5.56	5.38
MarketCap / Net Operating Revenue (X)	0.30	0.14	0.26	0.17	0.10
Price / BV (X)	1.46	0.81	1.57	0.77	0.26
Price / Net Operating Revenue (X)	0.30	0.14	0.26	0.17	0.10
EarningsYield	0.05	0.09	0.05	0.07	0.11

Manaksia Coated Metals & Industries Ltd Profitability Ratios (%)

Manaksia Coated Metals & Industries Ltd Liquidity Ratios

Manaksia Coated Metals & Industries Ltd Liquidity Ratios (%)

Manaksia Coated Metals & Industries Ltd Interest Coverage Ratios (%)

Manaksia Coated Metals & Industries Ltd Valuation Ratios

Fair Value

Fair Value: 72.52

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 12.78% compared to the current price 64.3

Intrinsic Value: 93.59

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 45.56% compared to the current price 64.3

Last 5 Year EPS CAGR: 29.07%

*Investments are subject to market risks

Strength and Weakness of Manaksia Coated Metals & Industries Ltd Stock

Strength	Weakness
The company has shown consistent growth in sales (415.00 cr) and profit (6.22 cr) over the years.	The stock has a low average ROCE of 7.50%, which may not be favorable. The stock has a high average Working Capital Days of 74.00, which may not be favorable. The stock has a high average Cash Conversion Cycle of 62.38, which may not be favorable. The company has higher borrowings (132.56) compared to reserves (95.67), which may suggest financial risk.

FAQ

What is the latest fair value of Manaksia Coated Metals & Industries Ltd?

The latest fair value of Manaksia Coated Metals & Industries Ltd is ₹72.52.

What is the Market Cap of Manaksia Coated Metals & Industries Ltd?

The Market Cap of Manaksia Coated Metals & Industries Ltd is 480 Cr..

What is the current Stock Price of Manaksia Coated Metals & Industries Ltd as on 27 July 2024?

The current stock price of Manaksia Coated Metals & Industries Ltd as on 27 July 2024 is 64.3.

What is the High / Low of Manaksia Coated Metals & Industries Ltd stocks in FY 2024?

In FY 2024, the High / Low of Manaksia Coated Metals & Industries Ltd stocks is 73.0/16.1.

What is the Stock P/E of Manaksia Coated Metals & Industries Ltd?

The Stock P/E of Manaksia Coated Metals & Industries Ltd is 42.7.

What is the Book Value of Manaksia Coated Metals & Industries Ltd?

The Book Value of Manaksia Coated Metals & Industries Ltd is 20.5.

What is the Dividend Yield of Manaksia Coated Metals & Industries Ltd?

The Dividend Yield of Manaksia Coated Metals & Industries Ltd is 0.05 %.

What is the ROCE of Manaksia Coated Metals & Industries Ltd?

The ROCE of Manaksia Coated Metals & Industries Ltd is 14.9 %.

What is the ROE of Manaksia Coated Metals & Industries Ltd?

The ROE of Manaksia Coated Metals & Industries Ltd is 8.28 %.

What is the Face Value of Manaksia Coated Metals & Industries Ltd?

The Face Value of Manaksia Coated Metals & Industries Ltd is 1.00.