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Last Updated: April 2, 2026, 3:18 am
Author: Getaka|Social: XLinkedIn

Manaksia Steels Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹16.12Overvalued by 66.97%vs CMP ₹48.80

P/E (12.6) × ROE (3.4%) × BV (₹46.40) × DY (2.00%)

₹40.30Overvalued by 17.42%vs CMP ₹48.80
MoS: -21.1% (Negative)Confidence: 37/100 (Low)Models: 2 Under, 2 Fair, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹15.0928%Over (-69.1%)
Graham NumberEarnings₹63.5620%Under (+30.2%)
DCFCash Flow₹6.6417%Over (-86.4%)
Net Asset ValueAssets₹46.519%Fair (-4.7%)
Earnings YieldEarnings₹38.709%Over (-20.7%)
ROCE CapitalReturns₹103.4211%Under (+111.9%)
Revenue MultipleRevenue₹48.347%Fair (-0.9%)
Consensus (7 models)₹40.30100%Overvalued
Key Drivers: ROE 3.4% is below cost of equity. | Wide model spread (₹7–₹103) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -6.4%

*Investments are subject to market risks

Investment Snapshot

61
Manaksia Steels Ltd scores 61/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health55/100 · Moderate
ROCE 4.2% WeakROE 3.4% WeakD/E 0.29 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 74.8% Stable
Earnings Quality60/100 · Moderate
OPM stable around 4% SteadyWorking capital: -9 days (improving) Efficient
Quarterly Momentum90/100 · Strong
Revenue (4Q): +69% YoY AcceleratingProfit (4Q): +165% YoY Strong
Industry Rank40/100 · Moderate
P/E 12.6 vs industry 22.3 Cheaper than peersROCE 4.2% vs industry 8.8% Below peersROE 3.4% vs industry 7.1% Below peers3Y sales CAGR: 1% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Manaksia Steels Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
50/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 12.6 vs Ind 22.3 | ROCE 4.2% | ROE 3.4% | CFO/NP N/A
Balance Sheet Stress
0/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.29x | IntCov 0.0x | Current 1.14x | Borrow/Reserve 0.68x
Cash Flow Reliability
29/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹10 Cr | CFO/NP N/A
Ownership Accumulation
0
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII 0.00 pp | DII N/A | Prom 0.00 pp
Business Momentum
+100
Stable
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +21.0% | Q NP +113.6% | Q OPM +0.1 pp
Derived FieldValueHow it is derived
Valuation Gap %-17.4%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.68xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change0.00 ppLatest FII% minus previous FII%
DII ChangeN/ALatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-1,518Latest shareholder count minus previous count
Quarterly Sales Change+21.0%Latest quarter sales vs previous quarter sales
Quarterly Profit Change+113.6%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change+0.1 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:18 am

Market Cap 320 Cr.
Current Price 48.8
Intrinsic Value₹40.30
High / Low 77.8/44.2
Stock P/E12.6
Book Value 46.4
Dividend Yield0.00 %
ROCE4.23 %
ROE3.38 %
Face Value 1.00
PEG Ratio-1.97

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Manaksia Steels Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Manaksia Steels Ltd 320 Cr. 48.8 77.8/44.212.6 46.40.00 %4.23 %3.38 % 1.00
Aerpace Industries Ltd 370 Cr. 24.1 32.5/16.7 3.080.00 %11.5 %15.3 % 1.00
Visa Steel Ltd 383 Cr. 29.6 73.7/27.0 1060.00 %5.46 %% 10.0
Incredible Industries Ltd 140 Cr. 29.9 53.4/26.010.9 32.20.00 %9.73 %8.97 % 10.0
SAL Steel Ltd 552 Cr. 38.1 50.0/14.4 3.010.00 %7.05 %5.62 % 10.0
Industry Average47,622.23 Cr296.8422.32160.060.39%8.78%7.09%7.50

All Competitor Stocks of Manaksia Steels Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 155.88235.75218.23166.33133.60162.91165.18104.45160.48204.14217.49262.67317.86
Expenses 152.05224.54204.79156.55127.39154.91162.07107.55154.67195.18206.74250.24302.44
Operating Profit 3.8311.2113.449.786.218.003.11-3.105.818.9610.7512.4315.42
OPM % 2.46%4.76%6.16%5.88%4.65%4.91%1.88%-2.97%3.62%4.39%4.94%4.73%4.85%
Other Income 3.461.502.734.535.542.773.377.63-0.040.852.510.962.70
Interest 0.881.790.720.682.963.851.681.312.093.402.753.942.50
Depreciation 2.542.421.971.831.831.341.481.531.581.531.892.952.97
Profit before tax 3.878.5013.4811.806.965.583.321.692.104.888.626.5012.65
Tax % 26.61%26.71%24.70%24.49%30.75%19.35%51.20%35.50%-10.48%3.48%24.71%30.62%24.03%
Net Profit 2.846.2210.158.924.814.511.631.092.324.716.494.509.61
EPS in Rs 0.430.951.551.360.730.690.250.170.350.720.990.691.47

Last Updated: February 5, 2026, 2:32 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 11:46 pm

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 5036885365046117426816341,002
Expenses 472667517465558718644619955
Operating Profit 322019395324371548
OPM % 6%3%4%8%9%3%6%2%5%
Other Income 24378716127
Interest 4322248813
Depreciation 869101110769
Profit before tax 221611344917381233
Tax % 30%48%18%23%28%29%25%19%
Net Profit 1689273512281025
EPS in Rs 2.381.271.314.055.391.864.331.493.87
Dividend Payout % 0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-50.00%12.50%200.00%29.63%-65.71%133.33%-64.29%
Change in YoY Net Profit Growth (%)0.00%62.50%187.50%-170.37%-95.34%199.05%-197.62%

Manaksia Steels Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2018-2019 to 2024-2025.

No data available for the compounded sales growth chart.

Balance Sheet

Last Updated: December 4, 2025, 1:37 am

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 777777777
Reserves 169179185216260284294283298
Borrowings 96361671049186206203
Other Liabilities 104147151587481344261
Total Liabilities 375335403348350420520537569
Fixed Assets 6975998877725962146
CWIP 6283057329314
Investments 717112552129185129152
Other Assets 295216291235216212244253257
Total Assets 375335403348350420520537569

Reserves and Borrowings Chart

Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -10130-436-124-5214
Cash from Investing Activity + -22-36-26-6859-63-81-21
Cash from Financing Activity + 34-96535-59351309
Net Cash Flow 2-223-27-1-4-32
Free Cash Flow -3597-1536-716-91-55
CFO/OP 11%676%3%108%20%117%-124%108%

Free Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-64.0017.00-42.00-28.0043.00-25.00-149.00-191.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 694430141881422
Inventory Days 117551168484749193
Days Payable 758011010109714
Cash Conversion Cycle 111193788927399101
Working Capital Days 45245-36927-5-9
ROCE %8%5%13%17%6%11%4%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 74.75%74.75%74.75%74.75%74.75%74.75%74.75%74.75%74.75%74.75%74.75%74.75%
FIIs 0.12%0.73%0.96%0.88%0.78%0.73%0.64%0.00%0.00%0.00%0.00%0.00%
Government 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.63%0.63%0.63%0.63%0.63%
Public 25.12%24.51%24.29%24.37%24.48%24.52%24.61%24.63%24.62%24.62%24.62%24.63%
No. of Shareholders 27,09626,98527,59927,85334,56033,44232,44331,79731,41330,35829,48827,970

Shareholding Pattern Chart

No. of Shareholders

Manaksia Steels Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 1.494.331.865.394.05
Diluted EPS (Rs.) 1.494.331.865.394.05
Cash EPS (Rs.) 2.425.393.437.055.60
Book Value[Excl.RevalReserv]/Share (Rs.) 44.1545.8544.3140.6034.00
Book Value[Incl.RevalReserv]/Share (Rs.) 44.1545.8544.3140.6034.00
Revenue From Operations / Share (Rs.) 96.78103.93113.2893.2276.94
PBDIT / Share (Rs.) 4.178.104.789.367.12
PBIT / Share (Rs.) 3.247.033.217.705.57
PBT / Share (Rs.) 1.835.772.617.475.25
Net Profit / Share (Rs.) 1.494.331.865.394.05
NP After MI And SOA / Share (Rs.) 1.494.331.865.394.05
PBDIT Margin (%) 4.307.794.2110.049.25
PBIT Margin (%) 3.346.762.838.267.24
PBT Margin (%) 1.895.552.308.016.82
Net Profit Margin (%) 1.534.161.645.785.26
NP After MI And SOA Margin (%) 1.534.161.645.785.26
Return on Networth / Equity (%) 3.369.444.1913.2711.91
Return on Capital Employeed (%) 7.0814.867.0518.5616.02
Return On Assets (%) 1.815.452.9010.087.60
Total Debt / Equity (X) 0.700.610.160.030.29
Asset Turnover Ratio (%) 1.201.451.931.581.10
Current Ratio (X) 1.511.792.392.741.14
Quick Ratio (X) 0.931.121.361.400.42
Inventory Turnover Ratio (X) 4.604.215.364.822.74
Interest Coverage Ratio (X) 3.226.467.9739.5122.15
Interest Coverage Ratio (Post Tax) (X) 2.244.464.1023.7413.60
Enterprise Value (Cr.) 461.42542.93262.78274.17204.02
EV / Net Operating Revenue (X) 0.720.790.350.440.40
EV / EBITDA (X) 16.8910.238.394.474.37
MarketCap / Net Operating Revenue (X) 0.450.560.300.460.30
Price / BV (X) 0.991.290.791.070.69
Price / Net Operating Revenue (X) 0.450.560.300.460.30
EarningsYield 0.030.070.050.120.17

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Manaksia Steels Ltd. is a Public Limited Listed company incorporated on 07/06/2001 and has its registered office in the State of West Bengal, India. Company's Corporate Identification Number(CIN) is L27101WB2001PLC138341 and registration number is 138341. 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. 584.18 Cr. and Equity Capital is Rs. 6.55 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
SteelTurner Morrison Building, Kolkata West Bengal 700001Contact not found
Management
NamePosition Held
Mr. Varun AgrawalManaging Director
Mr. Suresh Kumar AgrawalNon Executive Director
Mr. Mrinal Kanti PalNon Executive Director
Mr. Ramesh Kumar MaheshwariInd. Non-Executive Director
Mr. Biswanath BhattacharjeeInd. Non-Executive Director
Mrs. Nidhi BahetiInd. Non-Executive Director

FAQ

What is the intrinsic value of Manaksia Steels Ltd and is it undervalued?

As of 05 April 2026, Manaksia Steels Ltd's intrinsic value is ₹40.30, which is 17.42% lower than the current market price of ₹48.80, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (3.38 %), book value (₹46.4), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Manaksia Steels Ltd?

Manaksia Steels Ltd is trading at ₹48.80 as of 05 April 2026, with a FY2026-2027 high of ₹77.8 and low of ₹44.2. The stock is currently near its 52-week low. Market cap stands at ₹320 Cr..

How does Manaksia Steels Ltd's P/E ratio compare to its industry?

Manaksia Steels Ltd has a P/E ratio of 12.6, which is below the industry average of 22.32. This is broadly in line with or below the industry average.

Is Manaksia Steels Ltd financially healthy?

Key indicators for Manaksia Steels Ltd: ROCE of 4.23 % is on the lower side compared to the industry average of 8.78%; ROE of 3.38 % is below ideal levels (industry average: 7.09%). Dividend yield is 0.00 %.

Is Manaksia Steels Ltd profitable and how is the profit trend?

Manaksia Steels Ltd reported a net profit of ₹10 Cr in Mar 2025 on revenue of ₹634 Cr. Compared to ₹35 Cr in Mar 2022, the net profit shows a declining trend.

Does Manaksia Steels Ltd pay dividends?

Manaksia Steels Ltd has a dividend yield of 0.00 % at the current price of ₹48.80. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Manaksia Steels Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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