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Last Updated on: 25 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

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

Basic Stock Data of Manaksia Steels Ltd

Last Updated: July 24, 2024, 10:59 pm

Market Cap 369 Cr.
Current Price 56.4
High / Low107/39.5
Stock P/E13.0
Book Value 45.8
Dividend Yield0.00 %
ROCE11.2 %
ROE9.62 %
Face Value 1.00
PEG Ratio0.46

Data Source: screener.in

Competitors of Manaksia Steels Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Eastcoast Steel Ltd 13.5 Cr. 25.035.1/17.7 35.90.00 %0.18 %0.15 % 10.0
Bonlon Industries Ltd 51.1 Cr. 36.056.0/26.421.9 55.70.00 %4.43 %2.99 % 10.0
Beekay Steel Industries Ltd 1,400 Cr. 734845/53710.5 4940.14 %14.6 %15.2 % 10.0
Ecofinity Atomix Ltd 16.5 Cr. 42.843.0/27.861.0 8.540.00 %8.85 %8.56 % 10.0
Aerpace Industries Ltd 534 Cr. 39.139.1/2.53 0.940.00 %12.7 %15.8 % 1.00
Industry Average46,339.82 Cr386.5976.37164.230.30%9.03%8.04%7.60

Manaksia Steels Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales112.44116.71138.03108.56162.58201.75194.37156.38155.88235.75218.23166.33133.60
Expenses102.66104.18122.51100.77151.64182.86189.91151.83152.05224.54204.79156.55127.39
Operating Profit9.7812.5315.527.7910.9418.894.464.553.8311.2113.449.786.21
OPM %8.70%10.74%11.24%7.18%6.73%9.36%2.29%2.91%2.46%4.76%6.16%5.88%4.65%
Other Income1.781.372.783.051.151.240.072.243.461.502.734.535.54
Interest0.430.330.320.250.370.620.410.850.881.790.720.682.96
Depreciation2.532.742.762.732.732.652.642.682.542.421.971.831.83
Profit before tax8.6010.8315.227.868.9916.861.483.263.878.5013.4811.806.96
Tax %19.53%28.53%26.74%25.83%11.57%38.37%54.73%24.54%26.61%26.71%24.70%24.49%30.75%
Net Profit6.927.7511.155.837.9510.390.662.462.846.2210.158.924.81
EPS in Rs1.061.181.700.891.211.590.100.380.430.951.551.360.73

Last Updated: July 13, 2024, 1:13 pm

Manaksia Steels Ltd Quarterly Chart

Manaksia Steels Ltd Profit & Loss

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

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:0%
3 Years:11%
TTM:-8%
Compounded Profit Growth
10 Years:%
5 Years:29%
3 Years:5%
TTM:154%
Stock Price CAGR
10 Years:%
5 Years:35%
3 Years:18%
1 Year:25%
Return on Equity
10 Years:%
5 Years:9%
3 Years:9%
Last Year:10%

Last Updated: July 22, 2024, 5:27 pm

Manaksia Steels Ltd Balance Sheet

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

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 2023Mar 2024
Cash from Operating Activity -10130-436-124-52
Cash from Investing Activity -22-36-26-6859-63-84
Cash from Financing Activity 34-96535-5935130
Net Cash Flow2-223-27-1-4-7

Manaksia Steels Ltd Financial Efficiency Indicators

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days6944301418814
Inventory Days1175511684847491
Days Payable7580110101097
Cash Conversion Cycle111193788927399
Working Capital Days1132545457557172
ROCE %8%5%13%17%6%

Manaksia Steels Ltd Financial Efficiency Indicators Chart

Manaksia Steels Ltd Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters74.75%74.75%74.75%74.75%74.75%74.75%74.75%74.75%74.75%74.75%74.75%74.75%
FIIs0.13%0.17%0.10%0.13%0.20%0.10%0.12%0.73%0.96%0.88%0.78%0.73%
DIIs0.00%0.00%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public25.13%25.08%25.15%25.12%25.05%25.15%25.12%24.51%24.29%24.37%24.48%24.52%
No. of Shareholders22,86623,45326,99629,25328,86028,18627,09626,98527,59927,85334,56033,442

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 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)4.331.865.394.051.31
Diluted EPS (Rs.)4.331.865.394.051.31
Cash EPS (Rs.)5.393.437.055.602.74
Book Value[Excl.RevalReserv]/Share (Rs.)45.8544.3140.6034.0029.17
Book Value[Incl.RevalReserv]/Share (Rs.)45.8544.3140.6034.0029.17
Revenue From Operations / Share (Rs.)103.93113.2893.2276.9481.85
PBDIT / Share (Rs.)8.104.789.367.123.38
PBIT / Share (Rs.)7.033.217.705.571.95
PBT / Share (Rs.)5.772.617.475.251.61
Net Profit / Share (Rs.)4.331.865.394.051.31
NP After MI And SOA / Share (Rs.)4.331.865.394.051.31
PBDIT Margin (%)7.794.2110.049.254.12
PBIT Margin (%)6.762.838.267.242.37
PBT Margin (%)5.552.308.016.821.96
Net Profit Margin (%)4.161.645.785.261.60
NP After MI And SOA Margin (%)4.161.645.785.261.60
Return on Networth / Equity (%)9.444.1913.2711.914.49
Return on Capital Employeed (%)14.867.0518.5616.026.57
Return On Assets (%)5.452.9010.087.602.13
Total Debt / Equity (X)0.610.160.030.290.30
Asset Turnover Ratio (%)1.451.931.581.101.55
Current Ratio (X)1.792.392.741.141.26
Quick Ratio (X)1.121.361.400.420.59
Inventory Turnover Ratio (X)4.215.364.822.744.73
Interest Coverage Ratio (X)6.467.9739.5122.159.96
Interest Coverage Ratio (Post Tax) (X)4.464.1023.7413.604.87
Enterprise Value (Cr.)542.93262.78274.17204.0257.19
EV / Net Operating Revenue (X)0.790.350.440.400.10
EV / EBITDA (X)10.238.394.474.372.58
MarketCap / Net Operating Revenue (X)0.560.300.460.300.08
Price / BV (X)1.290.791.070.690.22
Price / Net Operating Revenue (X)0.560.300.460.300.08
EarningsYield0.070.050.120.170.20

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

Fair Value: 58.42

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: 3.59% compared to the current price 56.4

Intrinsic Value: 75.07

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: 33.11% compared to the current price 56.4

Last 5 Year EPS CAGR: 28.50%

*Investments are subject to market risks

Strength and Weakness of Manaksia Steels Ltd Stock

StrengthWeakness
  1. The company has higher reserves (226.71 cr) compared to borrowings (67.43 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 has a low average ROCE of 7.00%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 76.00, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 74.14, which may not be favorable.

FAQ

What is the latest fair value of Manaksia Steels Ltd?

The latest fair value of Manaksia Steels Ltd is ₹58.42.

What is the Market Cap of Manaksia Steels Ltd?

The Market Cap of Manaksia Steels Ltd is 369 Cr..

What is the current Stock Price of Manaksia Steels Ltd as on 25 July 2024?

The current stock price of Manaksia Steels Ltd as on 25 July 2024 is 56.4.

What is the High / Low of Manaksia Steels Ltd stocks in FY 2024?

In FY 2024, the High / Low of Manaksia Steels Ltd stocks is 107/39.5.

What is the Stock P/E of Manaksia Steels Ltd?

The Stock P/E of Manaksia Steels Ltd is 13.0.

What is the Book Value of Manaksia Steels Ltd?

The Book Value of Manaksia Steels Ltd is 45.8.

What is the Dividend Yield of Manaksia Steels Ltd?

The Dividend Yield of Manaksia Steels Ltd is 0.00 %.

What is the ROCE of Manaksia Steels Ltd?

The ROCE of Manaksia Steels Ltd is 11.2 %.

What is the ROE of Manaksia Steels Ltd?

The ROE of Manaksia Steels Ltd is 9.62 %.

What is the Face Value of Manaksia Steels Ltd?

The Face Value of Manaksia Steels Ltd is 1.00.

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