Manaksia Steels Ltd.

NSE: MANAKSTEEL BSE: 539044 SECTOR: Steel & Iron Products  6195   30   4

35.05
-0.40 (-1.13%)
NSE: Today, 03:47 PM

Price Summary

Today's High

₹ 35.3

Today's Low

₹ 34.85

52 Week High

₹ 40.2

52 Week Low

₹ 16.25

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsAverage
The company could improve upon its asset employment.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

229.7 Cr.

Enterprise Value

285.91 Cr.

No. of Shares

6.55 Cr.

P/E

8.62

P/B

0.96

Face Value

₹ 1

Div. Yield

0 %

Book Value (TTM)

₹  36.42

CASH

6.76 Cr.

DEBT

62.97 Cr.

Promoter Holding

74.75 %

EPS (TTM)

₹  4.07

Sales Growth

-20.47%

ROE

9.56 %

ROCE

10.87%

Profit Growth

126.22 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year-20.47%
3 Year-7.71%
5 Year6.04%

Profit Growth

1 Year126.22%
3 Year5.73%
5 Year31.65%

ROE%

1 Year9.56%
3 Year6.61%
5 Year7.12%

ROCE %

1 Year10.87%
3 Year8.24%
5 Year9.24%

Debt/Equity

0.288

Price to Cash Flow

6.72

Interest Cover Ratio

24.598225267967

CFO/PAT (5 Yr. Avg.)

1.92635022519904

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2021 74.75 0
Jun 2021 74.75 0
Mar 2021 74.75 0
Dec 2020 74.75 0
Sep 2020 74.75 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • Company has a healthy Interest coverage ratio of 24.598225267967.
  • Company’s PEG ratio is 0.068272313572984.
  • The company has an efficient Cash Conversion Cycle of 76.0747474646156 days.
  • The company has a good cash flow management; CFO/PAT stands at 1.92635022519904.
  • The company has a high promoter holding of 74.75%.

 Limitations

  • The company has shown a poor profit growth of 5.72886848399519% for the Past 3 years.
  • The company has shown a poor revenue growth of -7.7074737341984% for the Past 3 years.
  • Company has a poor ROE of 6.61014300625056% over the past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
Net Sales 123.21 95.23 99.27 113.99 88.96
Total Expenditure 113.76 88.41 89.4 101.14 83.53
Operating Profit 9.45 6.83 9.87 12.85 5.43
Other Income 2.51 1.78 0.04 2.78 3.05
Interest 0.26 0.21 0.18 0.22 0.1
Depreciation 1.43 1.47 1.45 1.42 1.43
Exceptional Items 0 0 0 0 0
Profit Before Tax 10.27 6.93 8.28 14 6.96
Tax 2.73 1.68 2.4 3.55 1.86
Profit After Tax 7.54 5.25 5.87 10.44 5.09
Adjusted EPS (Rs) 1.15 0.8 0.9 1.59 0.78

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Net Sales 334.01 493.5 688.71 487.8 387.96
Total Expenditure 308.98 459.84 666.5 476.57 360.23
Operating Profit 25.03 33.66 22.21 11.23 27.73
Other Income 1.54 3.32 2.48 5.97 6.02
Interest 4.43 3.92 2.73 1.58 1.14
Depreciation 7.59 6.52 5.45 5.86 5.75
Exceptional Items 0 0 0 0 0
Profit Before Tax 14.55 26.55 16.51 9.76 26.86
Tax 5.41 9.89 6.2 1.06 7.17
Net Profit 9.14 16.66 10.32 8.7 19.68
Adjusted EPS (Rs.) 1.39 2.54 1.57 1.33 3

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Equity and Liabilities
Share Capital 6.55 6.55 6.55 6.55 6.55
Total Reserves 153 169.62 179.94 186.69 212.1
Borrowings 0 0 0 0.41 0.35
Other N/C liabilities 5.3 4.6 4.38 2.83 4.55
Current liabilities 88.7 176.43 90.38 99.52 81.42
Total Liabilities 253.55 357.21 281.25 296.01 304.97
Assets
Net Block 55.48 50.12 49.09 46.9 42.73
Capital WIP 1.51 2.92 0.46 1.59 0.32
Intangible WIP 0 0 0 0 0
Investments 0 25.4 25.4 32.66 45.58
Loans & Advances 0.01 0.01 0.88 2.52 1.33
Other N/C Assets 0 0.1 3.24 26.72 99.53
Current Assets 196.56 278.66 202.18 185.61 115.49
Total Assets 253.55 357.21 281.25 296.01 304.97
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Profit from operations 14.55 26.55 16.51 9.76 26.86
Adjustment 10.58 7.97 6.87 4.64 0.86
Changes in Assets & Liabilities -11.16 -35.61 85.62 -15.94 12.45
Tax Paid -4 -13.89 -7.93 -4.44 -6
Operating Cash Flow 9.97 -14.98 101.07 -5.98 34.17
Investing Cash Flow -11.93 -25.5 -4.89 -21.96 -71.65
Financing Cash Flow -0.73 31.38 -95.73 38.68 21.21
Net Cash Flow -2.7 -9.1 0.45 10.74 -16.27

Corporate Actions

Investors Details

PARTICULARS Sep 2020% Dec 2020% Mar 2021% Jun 2021% Sep 2021%
Promoters 74.75 74.75 74.75 74.75 74.75
payal agrawal 10.09 10.09 15.01 15.01 0.68
varun agrawal 19.07 19.07 19.07 19.07 0.96
suresh kumar agraw... 18.85 18.85 18.85 18.85 0.95
chandrakala agrawal 16.40 16.40 16.40 16.40 0.83
suresh kumar agraw... 0.51 0.51 0.51 0.51 0.03
suresh kumar agraw... - - - - -
PARTICULARS Sep 2020% Dec 2020% Mar 2021% Jun 2021% Sep 2021%
Investors 25.25 25.25 25.25 25.25 25.25
accolade traders p... - - - - -
albula investment ... 4.91 4.91 - 4.91 4.91
albula investment ... - - 4.91 - -
accolade traders p... - - - - -
aditya kumar halwa... - 1.21 - - -
kalitara glass mou... - - - - -
kalitara glass mou... - - - - -
attractive vinimay... - - - - -
cresta fund limited 2.07 2.48 - 1.28 2.48
palash machineries... - - - - -
aradhana propertie... - - - - -
aradhana propertie... - - - - -
aditya kumar halwa... 1.72 - - - -
b b constructions ... - - - - -
attractive vinimay... - - - - -
palash machineries... - - - - -
cresta fund ltd. - - 1.28 - -
priti a doshi 1.14 1.14 1.14 1.14 1.14
globe capital mark... - - - - -

Annual Reports

Ratings & Research Reports

Company Presentations

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Manaksia Steels Stock Price Analysis and Quick Research Report. Is Manaksia Steels an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Manaksia Steels has a PE ratio of 8.6539643515673 which is low and comparatively undervalued .

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Manaksia Steels has ROA of 6.5509051343583 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Manaksia Steels has a Current ratio of 1.41855503463117 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Manaksia Steels has a ROE of 9.55800380671224 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Manaksia Steels has a D/E ratio of 0.288 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Manaksia Steels has an Inventory turnover ratio of 4.6588742623695 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Manaksia Steels has reported revenue growth of -20.4666420798707 % which is poor in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Manaksia Steels for the current financial year is 7.1464786474286 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Manaksia Steels is Rs 0 and the yield is 0 %.

Brief about Manaksia Steels

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