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Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Manaksia Steels Ltd

About the Company - Manaksia Steels Ltd

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. 504.52 Cr. and Equity Capital is Rs. 6.55 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
SteelTurner Morrison Building, 6 Lyons Range, Kolkata West Bengal 700001info.steels@manaksia.com
http://www.manaksiasteels.com
Management
NamePosition Held
Mr. Varun AgrawalManaging Director
Mr. Suresh Kumar AgrawalDirector
Mr. Ajay Kumar ChakrabortyDirector
Mr. Ramesh Kumar MaheshwariDirector
Dr. Kali Kumar ChaudhuriDirector
Mr. Mrinal Kanti PalDirector
Mrs. Nidhi BahetiDirector

Manaksia Steels Ltd. Share Price Update

Share PriceValue
Today₹85.00
Previous Day₹86.24

Basic Stock Data of Manaksia Steels Ltd

Market Cap 501 Cr.
Current Price 76.5
High / Low107/34.1
Stock P/E17.2
Book Value 47.6
Dividend Yield0.00 %
ROCE6.37 %
ROE4.01 %
Face Value 1.00

Data Source: screener.in

Competitors of Manaksia Steels Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Shyam Metalics & Energy Ltd 19,218 Cr. 688772/25318.0 3200.26 %15.0 %13.0 % 10.0
Technocraft Industries (India) Ltd 4,363 Cr. 1,9002,750/1,09016.8 6820.00 %19.6 %19.3 % 10.0
Steel Exchange India Ltd 1,722 Cr. 14.518.4/7.80 5.060.00 %8.56 %11.9 % 1.00
Adishakti Loha & Ispat ltd 5.47 Cr. 12.016.0/7.4026.0 11.40.00 %1.78 %1.39 % 10.0
JSW Steel Ltd 1,99,769 Cr. 817896/64918.5 3020.42 %8.33 %5.64 % 1.00
Industry Average45,015.49 Cr686.3015.86264.090.14%10.65%10.25%6.40

Manaksia Steels Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales167.36112.44116.71138.03108.56162.58201.75194.37156.38155.88235.75218.23166.33
Expenses153.72102.66104.18122.51100.77151.64182.86189.91151.83152.05224.54204.79156.55
Operating Profit13.649.7812.5315.527.7910.9418.894.464.553.8311.2113.449.78
OPM %8.15%8.70%10.74%11.24%7.18%6.73%9.36%2.29%2.91%2.46%4.76%6.16%5.88%
Other Income2.511.781.372.783.051.151.240.072.243.461.502.734.53
Interest0.600.430.330.320.250.370.620.410.850.881.790.720.68
Depreciation2.432.532.742.762.732.732.652.642.682.542.421.971.83
Profit before tax13.128.6010.8315.227.868.9916.861.483.263.878.5013.4811.80
Tax %20.81%19.53%28.53%26.74%25.83%11.57%38.37%54.73%24.54%26.61%26.71%24.70%24.49%
Net Profit10.386.927.7511.155.837.9510.390.662.462.846.2210.158.92
EPS in Rs1.581.061.181.700.891.211.590.100.380.430.951.551.36

Manaksia Steels Ltd Quarterly Chart

Aerpace Industries Ltd Profit & Loss

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales503688536504611742754
Expenses472667517465558718713
Operating Profit32201939532441
OPM %6%3%4%8%9%3%5%
Other Income24378714
Interest4322246
Depreciation8691011108
Profit before tax22161134491741
Tax %30%48%18%23%28%29%
Net Profit168927351230
EPS in Rs2.381.271.314.055.391.864.59
Dividend Payout %0%0%0%0%0%0%

Manaksia Steels Ltd Profit & Loss Yearly Chart

Manaksia Steels Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:8%
3 Years:11%
TTM:6%
Compounded Profit Growth
10 Years:%
5 Years:-6%
3 Years:13%
TTM:79%
Stock Price CAGR
10 Years:%
5 Years:33%
3 Years:51%
1 Year:77%
Return on Equity
10 Years:%
5 Years:8%
3 Years:10%
Last Year:4%

Manaksia Steels Ltd Balance Sheet

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital7777777
Reserves169179185216260284305
Borrowings9636167104915
Other Liabilities10414715158748167
Total Liabilities375335403348350420394
Fixed Assets69689988777261
CWIP628305714
Investments717112552129174
Other Assets295223291235216212145
Total Assets375335403348350420394

Manaksia Steels Ltd Reserves and Borrowings Chart

Manaksia Steels Ltd Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -10130-436-124
Cash from Investing Activity -22-36-26-6859-63
Cash from Financing Activity 34-96535-5935
Net Cash Flow2-223-27-1-4

Manaksia Steels Ltd Financial Efficiency Indicators

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days69443014188
Inventory Days11755116848474
Days Payable758011010109
Cash Conversion Cycle1111937889273
Working Capital Days1132545457557
ROCE %8%5%13%17%6%

Manaksia Steels Ltd Financial Efficiency Indicators Chart

Manaksia Steels Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters74.75%74.75%74.75%74.75%74.75%74.75%74.75%74.75%74.75%74.75%74.75%74.75%
FIIs1.28%1.28%1.29%0.13%0.17%0.10%0.13%0.20%0.10%0.12%0.73%0.96%
DIIs0.00%0.00%0.00%0.00%0.00%0.01%0.00%0.00%0.00%0.00%0.00%0.00%
Public23.97%23.97%23.96%25.13%25.08%25.15%25.12%25.05%25.15%25.12%24.51%24.29%
No. of Shareholders21,85821,61323,31822,86623,45326,99629,25328,86028,18627,09626,98527,599

Manaksia Steels Ltd Shareholding Pattern Chart

No. of Manaksia Steels Ltd Shareholders

This stock is not held by any mutual fund

Manaksia Steels Ltd ROCE Trend

Manaksia Steels Ltd EPS Trend

Manaksia Steels Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)1.865.394.051.311.27
Diluted EPS (Rs.)1.865.394.051.311.27
Cash EPS (Rs.)3.437.055.602.742.18
Book Value[Excl.RevalReserv]/Share (Rs.)44.3140.6034.0029.1728.26
Book Value[Incl.RevalReserv]/Share (Rs.)44.3140.6034.0029.1728.26
Revenue From Operations / Share (Rs.)113.2893.2276.9481.85104.97
PBDIT / Share (Rs.)4.789.367.123.383.76
PBIT / Share (Rs.)3.217.705.571.952.86
PBT / Share (Rs.)2.617.475.251.612.44
Net Profit / Share (Rs.)1.865.394.051.311.27
NP After MI And SOA / Share (Rs.)1.865.394.051.311.27
PBDIT Margin (%)4.2110.049.254.123.58
PBIT Margin (%)2.838.267.242.372.72
PBT Margin (%)2.308.016.821.962.32
Net Profit Margin (%)1.645.785.261.601.21
NP After MI And SOA Margin (%)1.645.785.261.601.21
Return on Networth / Equity (%)4.1913.2711.914.494.49
Return on Capital Employeed (%)7.0518.5616.026.579.95
Return On Assets (%)2.9010.087.602.132.48
Total Debt / Equity (X)0.160.030.290.300.01
Asset Turnover Ratio (%)1.931.581.101.552.10
Current Ratio (X)2.392.741.141.261.55
Quick Ratio (X)1.361.400.420.590.94
Inventory Turnover Ratio (X)5.364.822.744.735.89
Interest Coverage Ratio (X)7.9739.5122.159.968.99
Interest Coverage Ratio (Post Tax) (X)4.1023.7413.604.874.04
Enterprise Value (Cr.)262.78274.17204.0257.19121.71
EV / Net Operating Revenue (X)0.350.440.400.100.17
EV / EBITDA (X)8.394.474.372.584.93
MarketCap / Net Operating Revenue (X)0.300.460.300.080.20
Price / BV (X)0.791.070.690.220.75
Price / Net Operating Revenue (X)0.300.460.300.080.20
EarningsYield0.050.120.170.200.05

Manaksia Steels Ltd Profitability Ratios (%)

Manaksia Steels Ltd Liquidity Ratios

Manaksia Steels Ltd Liquidity Ratios (%)

Manaksia Steels Ltd Interest Coverage Ratios (%)

Manaksia Steels Ltd Valuation Ratios

Fair Value of Manaksia Steels Ltd Stock

Fair Value: ₹33.49

The stock is overvalued by 56.23% compared to the current price ₹76.5

*Investments are subject to market risks

Strength and Weakness of Manaksia Steels Ltd Stock

StrengthWeakness
  1. The company has higher reserves (228.29 cr) compared to borrowings (43.00 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (619.71 cr) and profit (27.14 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 4.26 and average Dividend Yield of 4.68%.
  2. The stock has a low average ROCE of 8.17%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 60.00, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 70.00, which may not be favorable.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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