Dashboard/MANAKSTEEL

MANAKSTEEL

OVERVALUED

Manaksia Steels Limited

Metals · NSE

↓ 48.2% vs fair value

52W Low

₹44

+20.5% from low

52W High

₹78

-31.5% from high

News sentiment (0 articles)

0 bull0 neutral0 bear

Valuation Gauge

OVERVALUED-48.2% Margin of Safety

OVERVALUEDFAIRLY VALUEDUNDERVALUED

Current Price

₹53

Fair Value

₹36

Fair Value Analysis

₹36

Based on balance sheet strength analysis and earnings multiple (EV/EBITDA) for Metals sector companies | Sector-cheap: P/E at 19th percentile vs sector peers. | CAUTION: ROCE declining (latest 3.0%) — returns on capital are falling; verify this isn't a value trap.

Medium confidence

Balance Sheet Value

40% weight

₹64

EV/EBITDA Multiple

60% weight

₹17

Price vs Market

MANAKSTEEL

Nifty 50

Shareholding Pattern

Stock Health Score

Mixed Signals

5.4 / 10

Profitability

8/10

ROE of 8.3% is acceptable for Metals sector (benchmark: 12%)

Debt & Leverage

10/10

D/E ratio of 0.7x is well within the Metals sector norm of 0.8x — strong balance sheet

Valuation vs Peers

10/10

P/E of 12.9x trades at a 79% discount to Metals sector median (61x) — attractively valued

Cash Flow

1/10

Negative FCF of ₹-57 Cr — company is consuming more cash than it generates

Earnings Growth

1/10

5yr EPS CAGR of -34.9% — severe earnings decline

Dividend

4/10

No dividend — typical for growth-stage companies

Sentiment Trend — Last 30 Days

Historical Returns

Key Ratios & Growth

FCF Yield

-2.1%

Free cash flow / market cap

Revenue Growth (YoY)

+98.1%

Year-on-year revenue change

Profit Growth (YoY)

+314.2%

Year-on-year PAT change

Operating Cash Flow

₹14 Cr

TTM cash from operations

Key Financials

EPS (TTM)

₹3.9

P/E Ratio

12.9x

P/B Ratio

1.1x

ROE

8.3%

ROCE

6.5%

Debt / Equity

0.67x

Beta

-0.05

Div Yield

—

FCF (Cr)

₹-57 Cr

Revenue (Cr)

₹634 Cr

EPS Growth 5Y

-34.9%

Mkt Cap (Cr)

₹327 Cr

52W High

₹77.8

52W Low

₹44.3

Book Value/Share

₹46.7

Financial History

Period	Revenue	Op Profit	OPM%	PAT	EPS
TTM	₹1.0K Cr	₹48 Cr	5.0%	₹25 Cr	₹3.87
2025-03-31	₹634 Cr	₹15 Cr	2.0%	₹10 Cr	₹1.49
2024-03-31	₹681 Cr	₹37 Cr	6.0%	₹28 Cr	₹4.33
2023-03-31	₹742 Cr	₹24 Cr	3.0%	₹12 Cr	₹1.86
2022-03-31	₹611 Cr	₹53 Cr	9.0%	₹35 Cr	₹5.39
2021-03-31	₹504 Cr	₹39 Cr	8.0%	₹27 Cr	₹4.05
2020-03-31	₹536 Cr	₹19 Cr	4.0%	₹9 Cr	₹1.31
2019-03-31	₹688 Cr	₹20 Cr	3.0%	₹8 Cr	₹1.27
2018-03-31	₹503 Cr	₹32 Cr	6.0%	₹16 Cr	₹2.38

Compounded Growth Rates

Sales Growth

3Y+10.5%

5Y+14.7%

10Y—

Profit Growth

3Y+27.7%

5Y-1.5%

10Y—

EPS Growth

3Y+27.7%

5Y-0.9%

10Y—

Peer Comparison

Metals

Stock	Price	Fair Value	MoS%	P/E	ROE	Signal
JINDALSAW Jindal Saw	₹195	₹436.2	+55.3%	10.9	16.0%	UNDERVALUED
STEELCITY Steel City Securities Limited	₹80.6	₹130.7	+38.4%	6.9	12.1%	UNDERVALUED
VSTL Vibhor Steel Tubes Limited	₹109.4	₹143.4	+23.7%	19.3	7.0%	FAIRLY_VALUED
HISARMETAL Hisar Metal Industries Limited	₹143.9	₹186.5	+22.9%	30.5	7.1%	FAIRLY_VALUED
SSWL Steel Strips Wheels Limited	₹190	₹213.8	+11.1%	15.7	13.0%	FAIRLY_VALUED
HINDALCO Hindalco Industries	₹926.8	₹1,039.1	+10.8%	12.7	11.9%	FAIRLY_VALUED
MAHSEAMLES Maharashtra Seamless Limited	₹595	₹656.6	+9.4%	9.4	14.0%	FAIRLY_VALUED
VRAJ Vraj Iron and Steel Limited	₹106	₹113.6	+6.7%	13	6.4%	FAIRLY_VALUED