Manaksia Coated Metals & Industries (MANAKCOAT)₹163.20−1.84%Iron & Steel Products
In the Sep 2026 quarter (consolidated), Manaksia Coated Metals & Industries reported sales of ₹320 Cr, up 45.0% from Sep 2025, and net profit of ₹19.08 Cr, up 35.7% year on year. For the year to Mar 2026, sales were ₹887 Cr and net profit ₹41.16 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 192 | 183 | 194 | 175 | 205 | 208 | 251 | 221 | 187 | 228 | 263 | 320 |
| Expenses | 180 | 169 | 182 | 164 | 192 | 194 | 226 | 195 | 172 | 214 | 235 | 286 |
| Operating Profit | 11.99 | 15.01 | 12.99 | 11.01 | 14.01 | 15.01 | 24.01 | 26.02 | 16.01 | 13.99 | 27.99 | 33.99 |
| OPM % | 6.0% | 8.0% | 7.0% | 6.0% | 7.0% | 7.0% | 10.0% | 12.0% | 8.0% | 6.0% | 11.0% | 11.0% |
| Other Income | 2.01 | 2.01 | 2.01 | 3.01 | 3.01 | 2.01 | 4.01 | 3.01 | 3.01 | 1.01 | 1.01 | 3.01 |
| Interest | 6.01 | 8.01 | 8.01 | 8.01 | 7.99 | 8.01 | 8.01 | 8.01 | 7.01 | 7.01 | 7.01 | 8.01 |
| Depreciation | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 3.01 | 3.01 | 3.01 |
| Profit before tax | 4.99 | 6.99 | 3.99 | 2.99 | 6.99 | 6.99 | 19.01 | 19.01 | 9.99 | 5.99 | 19.01 | 24.98 |
| Tax % | 25.1% | 26.1% | 26.1% | 25.0% | 25.0% | 25.0% | 25.0% | 27.1% | 24.1% | 16.1% | 26.1% | 25.1% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.85 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 4.01 | 5.02 | 3.01 | 2.01 | 5.02 | 5.02 | 14.04 | 14.06 | 7.03 | 5.02 | 14.04 | 19.08 |
| EPS (Rs) | 0.61 | 0.67 | 0.39 | 0.31 | 0.66 | 0.62 | 1.33 | 1.31 | 0.68 | 0.50 | 1.31 | 1.75 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 226 | 270 | 254 | 266 | 248 | 447 | 649 | 654 | 742 | 783 | 887 | 998 |
| Expenses | 213 | 257 | 239 | 243 | 222 | 415 | 615 | 621 | 691 | 730 | 807 | 906 |
| Operating Profit | 12.01 | 13.99 | 15.01 | 21.99 | 25.99 | 33.02 | 35.01 | 33.03 | 51.04 | 54.02 | 79.99 | 91.98 |
| OPM % | 5.0% | 5.0% | 6.0% | 8.0% | 10.0% | 7.0% | 5.0% | 5.0% | 7.0% | 7.0% | 9.0% | 9.2% |
| Other Income | 4.01 | 2.01 | 3.01 | 4.01 | 1.01 | 3.01 | 9.02 | 10.03 | 6.02 | 9.03 | 12.03 | 8.04 |
| Interest | 3.99 | 3.99 | 6.01 | 13.99 | 17.01 | 19.02 | 23.02 | 22.01 | 33.01 | 33.03 | 29.02 | 29.04 |
| Depreciation | 10.04 | 8.04 | 8.03 | 10.05 | 9.03 | 9.03 | 9.03 | 9.03 | 9.04 | 9.03 | 9.03 | 11.04 |
| Profit before tax | 2.99 | 2.99 | 3.99 | 2.01 | 1.01 | 8.01 | 11.01 | 11.99 | 14.99 | 20.99 | 53.97 | 59.97 |
| Tax % | −14.0% | 78.1% | 51.0% | 120.1% | −249.9% | 22.0% | 24.1% | 20.1% | 25.1% | 25.0% | 24.1% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.99 | 0.00 | 0.00 | 8.99 | 0.00 |
| Net Profit | 3.01 | 1.01 | 2.01 | 0.00 | 3.01 | 6.02 | 9.04 | 9.04 | 11.04 | 15.07 | 41.16 | 45.17 |
| EPS (Rs) | 0.43 | 0.09 | 0.29 | −0.05 | 0.42 | 0.88 | 1.31 | 1.42 | 1.50 | 1.93 | 3.83 | 4.24 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 3.0% | 0.0% | 2.0% | 3.0% | 3.0% | 1.0% | — |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6.98 | 6.98 | 6.98 | 6.98 | 6.98 | 6.98 | 6.98 | 6.98 | 6.98 | 7.98 | 10.97 |
| Reserves | 75.91 | 79.91 | 81.84 | 82.85 | 86.81 | 92.89 | 102 | 113 | 145 | 219 | 337 |
| Borrowings | 51.98 | 57.94 | 124 | 128 | 138 | 147 | 178 | 190 | 178 | 145 | 130 |
| Other Liabilities | 74.71 | 88.68 | 96.77 | 137 | 150 | 190 | 197 | 238 | 206 | 274 | 275 |
| Total Liabilities | 209 | 234 | 308 | 353 | 380 | 437 | 483 | 547 | 536 | 645 | 753 |
| Fixed Assets | 72.96 | 99.90 | 157 | 148 | 144 | 136 | 130 | 122 | 119 | 112 | 168 |
| CWIP | 44.84 | 34.87 | 3.99 | 46.86 | 44.86 | 50.85 | 39.87 | 48.80 | 48.85 | 67.80 | 30.91 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 90.78 | 97.74 | 149 | 158 | 192 | 251 | 312 | 376 | 368 | 464 | 554 |
| Inventories | 20.04 | 30.06 | 51.13 | 88.21 | 124 | 152 | 201 | 256 | 232 | 288 | 340 |
| Trade receivables | 44.82 | 40.88 | 31.87 | 24.91 | 24.91 | 46.79 | 47.80 | 42.84 | 55.79 | 50.84 | 97.64 |
| Cash & equivalents | 1.99 | 1.99 | 9.98 | 4.99 | 9.97 | 14.96 | 23.95 | 19.95 | 21.97 | 24.96 | 33.92 |
| Total Assets | 209 | 234 | 308 | 353 | 380 | 437 | 483 | 547 | 536 | 645 | 753 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 31.03 | 22.03 | −22.02 | 49.04 | 6.01 | 20.02 | −13.02 | 8.01 | 22.01 | 30.03 | −14.01 |
| Cash from investing activity | −13.02 | −25.02 | −33.05 | −43.07 | 0.00 | −6.01 | 9.01 | −7.01 | −6.01 | −20.03 | −15.02 |
| Cash from financing activity | −19.04 | 3.01 | 61.14 | −13.02 | −5.01 | −12.03 | 6.01 | −6.02 | −16.03 | −10.03 | 30.07 |
| Net cash flow | −1.01 | 0.00 | 6.01 | −7.01 | 0.00 | 2.01 | 2.01 | −4.01 | 0.00 | 0.00 | 1.01 |
| Capex | 0.00 | 27.48 | 33.82 | 47.48 | 4.09 | 6.82 | 0.00 | 10.68 | 7.70 | 21.70 | 43.45 |
| Free cash flow | 16.97 | −3.99 | −55.89 | 3.99 | 2.99 | 12.99 | −4.99 | −0.99 | 14.98 | 7.98 | −32.93 |
| CFO / OP % | 253.1% | 178.1% | −139.9% | 226.0% | 24.1% | 60.1% | −35.0% | 33.0% | 46.0% | 64.1% | 0.0% |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 72 | 56 | 47 | 35 | 37 | 38 | 27 | 24 | 27 | 24 | 40 |
| Inventory days | 44 | 52 | 98 | 172 | 266 | 164 | 152 | 181 | 144 | 172 | 189 |
| Days payable | 93 | 84 | 89 | 139 | 188 | 123 | 103 | 138 | 102 | 142 | 133 |
| Cash conversion cycle | 22 | 23 | 54 | 67 | 114 | 78 | 75 | 66 | 68 | 53 | 96 |
| Working capital days | −10 | 10 | 29 | 2 | 19 | 18 | 10 | 15 | 21 | 50 | 88 |
| ROCE % | — | 5.0% | 5.0% | 8.1% | 8.0% | 11.1% | 13.1% | 10.1% | 15.1% | 15.1% | 18.1% |
For the Sep 2026 quarter, Manaksia Coated Metals & Industries reported sales of ₹320 Cr, up 45.0% year on year and net profit of ₹19.08 Cr, up 35.7% year on year. The operating margin was 11.0%.
Manaksia Coated Metals & Industries' sales for the year to Mar 2026 were ₹887 Cr; over the last twelve months they were ₹998 Cr.
Net profit for the year to Mar 2026 was ₹41.16 Cr, and ₹45.17 Cr over the last twelve months. Earnings per share over the same trailing period were ₹4.24.
Manaksia Coated Metals & Industries reported borrowings of ₹130 Cr at Mar 2026, against cash and equivalents of ₹33.92 Cr.
Cash from operations was −₹14.01 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹32.93 Cr.