Latest news about Manaksia Coated Metals & Ind
Manaksia Coated Metals & Ind
126.59
-0.39(-0.31%)
Company Performance:
View Company Insights1D-0.31%
1M+3.04%
6M+30.88%
1Y-2.47%
5Y+804.21%
More news about Manaksia Coated Metals & Ind
15Jul 26
Manaksia Coated Metals Unveils MCMIL 2.0: Targets 2.7x Pre-Painted Steel Capacity Expansion by Q2 FY27
Manaksia Coated Metals has launched its MCMIL 2.0 expansion plan, targeting a 2.7-times increase in pre-painted steel capacity from 86,000 MTPA in Q1 FY27 to 236,000 MTPA by Q2 FY27. The company also plans to double its Alu-Zinc coating capacity to 360,000 MTPA by FY28. The initiative underscores a significant scale-up across the company's coated metals manufacturing operations within defined near-term timelines.
14Jul 26
Manaksia Coated Metals & Industries Approves Re-Appointment of Sushil Kumar Agrawal as Managing Director
Manaksia Coated Metals & Industries has approved the re-appointment of Sushil Kumar Agrawal as Managing Director. The board's decision underscores leadership continuity and confidence in Agrawal's management. This development represents a notable corporate governance milestone for the company.
07Jul 26
Manaksia Coated Metals schedules Q1FY27 earnings call for July 15
Manaksia Coated Metals & Industries Ltd announced a conference call for July 15, 2026, at 12:00 PM IST to discuss its Q1FY27 financial results for the quarter ended June 30, 2026. The call is contingent upon the approval of the results and will be hosted by Go India Advisors. Key management executives, including the Whole Time Director and CFO, will participate, and investors must pre-register to join.
03Jul 26
Shareholders approve JPA Snacks merger scheme
Manaksia Coated Metals & Industries Limited secured shareholder approval for the merger with JPA Snacks Private Limited via a special resolution on June 8, 2026. The meeting, chaired by Shri Parikshit Poddar, saw 99.99% of votes polled in favour of the scheme. The merger is subject to final orders from the NCLT, Kolkata Bench.
27Jun 26
Sushil Kumar Agarwal increases stake to 32.23% via inter-se transfer
Sushil Kumar Agarwal increased his shareholding in Manaksia Coated Metals & Industries Limited to 32.23% through an inter-se transfer of 2,020,827 shares gifted by Sumitra Devi Agarwalla. The transaction, compliant with SEBI regulations, did not alter the total promoter holding of 57.46%.
17Jun 26
Manaksia Coated Metals to attend GIA Conference on Jun 23
Manaksia Coated Metals & Industries Ltd will attend the GIA Flagship Conference 2026 in Mumbai on June 23, 2026, to engage with investors and analysts. The management will participate in a physical group meeting scheduled from 9am to 6pm. The event is conducted in compliance with SEBI regulations, and discussions will be based on publicly available documents without disclosing any unpublished price sensitive information.
13Jun 26
Manaksia Coated Metals unsecured creditors approve JPA Snacks merger
Manaksia Coated Metals & Industries Limited received approval from unsecured creditors for the merger with JPA Snacks Private Limited, with 97.57% of the vote value in favour. The meeting, held via video conferencing on June 9, 2026, saw 16 creditors participate, with one invalid vote recorded. This follows the secured creditors' approval, bringing the company closer to NCLT sanction for the amalgamation.
12May 26
Manaksia Coated Metals FY26 PAT Surges 164%; Q4 Earnings Call Transcript Released
Manaksia Coated Metals & Industries Limited reported a landmark FY26 with consolidated PAT surging 164% YoY to ₹40.69 crore and revenue growing 13.50% to ₹896.27 crore. Export tonnage hit an all-time high of 66,172 MT, up 110% YoY, while the Net Debt/EBITDA ratio improved to 1.01x. The Q4 FY26 earnings call transcript, held May 7, 2026, has been released per Regulation 30, with management guiding for ₹300–₹500 crore incremental revenue in FY27 and a 3x growth vision by FY29.
09May 26
Manaksia Coated Metals Publishes NCLT Merger Meeting Ads
Manaksia Coated Metals & Industries Limited has submitted copies of newspaper advertisements published in Business Standard and Ekdin to BSE and NSE regarding meetings scheduled for June 8 and 9, 2026. The meetings, convened via video conferencing by the NCLT, Kolkata Bench, seek shareholder and creditor approval for the amalgamation of wholly owned subsidiary JPA Snacks Private Limited. The merger aims to consolidate business and simplify the corporate structure without altering the shareholding pattern of the transferee company.
06May 26
Manaksia Coated Metals FY26 Net Profit Jumps; Dividend Recommended
Manaksia Coated Metals & Industries Limited announced its audited Q4 and FY26 financial results on May 6, 2026, reporting a standalone net profit of ₹4,097.15 lacs, a sharp increase from the previous year's ₹1,564.33 lacs. Consolidated net profit for FY26 stood at ₹4,068.75 lacs. The board recommended a final dividend of Re. 0.05 per equity share, approved the re-appointment of Mr. Addanki Venkata Srinarayana as Wholetime Director for three years, and appointed M/s Auditteck 360 Financial Services Private Limited as Internal Auditor and M/s S. Chhaparia & Associates as Cost Auditor for FY2026-27. The statutory auditors issued an unmodified opinion on the financial results.
04Feb 26
Manaksia Coated Metals Makes Q3 FY26 Investor Call Recording Available
Manaksia Coated Metals reported strong Q3 FY26 results with net profit growth of 46.68% and nine-month profit surge of 241.25%. The company has made available its investor conference call recording from February 4, 2026, in compliance with SEBI regulations, while continuing strategic technology upgrades and capacity expansion initiatives.
02Feb 26
Manaksia Coated Metals Submits Q3FY26 Monitoring Agency Report for Rs. 134.55 Crore Preferential Issue
Manaksia Coated Metals & Industries Limited submitted its Q3FY26 monitoring agency report through CARE Ratings for its Rs. 134.55 crore preferential issue of convertible warrants. The company has received and fully utilized Rs. 120.90 crore across designated purposes including loan repayment, working capital, and corporate expenses, with Rs. 13.65 crore still pending receipt. CARE Ratings confirmed no deviations from offer document disclosures and found all fund utilization compliant with stated objects.
22Jan 26
Manaksia Coated Metals & Industries Limited Schedules Board Meeting for February 2, 2026 to Consider Q3FY26 Financial Results
Manaksia Coated Metals & Industries Limited has scheduled its Board of Directors meeting for February 2, 2026, to consider and approve unaudited financial results for Q3FY26 and nine months ended December 31, 2025. The meeting complies with SEBI Listing Regulations, with prior Audit Committee review required. The company's trading window, closed since January 1, 2026, will remain shut until 48 hours after results declaration, ensuring compliance with insider trading prevention regulations.
24Dec 25
Manaksia Coated Metals & Industries Expands Capacity For Continuous Galvanizing Line
Manaksia Coated Metals & Industries has undertaken a comprehensive technology upgrade and capacity expansion of its Continuous Galvanizing Line, converting from galvanized steel to Aluminium-Zinc coating technology. The project increases production capacity by 36% from 132,000 MT to 180,000 MT per annum while improving operational efficiency and supporting transition to higher-value products.
23Dec 25
Manaksia Coated Metals Sees 1.91% Share Transfer to Promoter Group Member
Sumitra Devi Agarwalla, a promoter group member of Manaksia Coated Metals & Industries Limited, has acquired 20,20,827 equity shares (1.91% of total equity) through an inter-se transfer by way of gift on December 19, 2025. The transaction was disclosed under SEBI regulations and filed with BSE and NSE. The company's total equity share capital remains at ₹10.58 crores, consisting of 10,58,34,050 shares with a face value of ₹1.00 each.
03Dec 25
Manaksia Coated Metals Industries Shareholders Approve Capital Increase and Fundraising Plan
Manaksia Coated Metals & Ind has received shareholder approval for key resolutions through a postal ballot on November 27, 2025. The approved measures include increasing the authorized share capital from Rs. 12.50 crores to Rs. 16.00 crores and a capital raising plan of up to Rs. 350.00 crores through equity shares and equity-linked securities. These approvals enhance the company's fundraising capacity and potential for business expansion.
10Nov 25
Manaksia Coated Metals & Industries Unveils Ambitious 7 MWp Solar Power Project in Gujarat
Manaksia Coated Metals & Industries Limited plans to construct a 7 MWp captive solar power plant in Gujarat. The project, set to be commissioned in Q1 FY27, will use advanced Mono Bifacial N-Type TOPCon modules with a Single Axis Tracker system. It aims to reduce grid power dependency by 50-55% and cut power costs by up to 50% for solar-generated power. The plant is expected to generate 13.30 million units of renewable electricity annually and offset about 9,000 tons of CO₂ emissions per year. Prozeal Green Energy Limited will serve as the EPC partner for this initiative.
06Nov 25
Manaksia Coated Metals Reports Strong Q2 FY26 Performance with 27% Revenue Growth and 491% Surge in Net Profit
Manaksia Coated Metals & Industries reported robust Q2 FY26 results with total income up 27% to Rs. 224.00 crores and net profit surging 491% to Rs. 14.00 crores. EBITDA grew 113% with margin expansion of 534 bps. H1 FY26 saw total income rise 27% to Rs. 478.00 crores and net profit increase 423% to Rs. 28.00 crores. The company showed strong operational performance with increased production in galvanized and pre-painted steel. Exports accounted for 85% of total sales. The company's debt-equity ratio improved to 1.19, with total debt declining 27%. Strategic initiatives include capacity expansion, a new color coating line, and sustainable energy projects. The company has a strong export presence in over 40 countries and a robust order book of approximately Rs. 600.00 crores.
03Nov 25
Manaksia Coated Metals Inks ₹500 Crore Deal with European Clients, Bolstering Export Growth
Manaksia Coated Metals & Industries Limited (MCMIL) has signed MoUs with European clients worth ₹500 crores to supply up to 50,000 metric tonnes of steel products over the next 12 months. The company's export revenue contributed 70% of revenues from operations in H1FY26. MCMIL is expanding its capacity to 236,000 MT and upgrading technology. The company's credit rating has been upgraded by Acuite, with long-term rating improved from A(-) to A, and short-term rating from A2 to A1.
28Oct 25
Manaksia Coated Metals Reports 491% Surge in Q2 Net Profit, Driven by Export Growth
Manaksia Coated Metals & Industries Limited reported a 491% year-on-year increase in net profit to ₹13.96 crore for Q2. Total income rose by 26.66% to ₹223.68 crore, while EBITDA grew by 112.95% to ₹29.45 crore. The company saw significant growth in production, with PPGI Steel production up 18.21% YoY. Exports reached an all-time high of 85.06% of total sales. The company is progressing on capital projects including an Aluminium-Zinc Coating Line upgrade and a new Colour Coating Line. Financial strength improved with a reduced debt-to-equity ratio and total debt down by 27% since March 2025. Credit ratings were upgraded by Acuité Ratings.
27Oct 25
Manaksia Coated Metals Reports Strong Q2 Performance, Plans Rs 350 Crore Fundraise
Manaksia Coated Metals & Industries Limited reported robust Q2 FY 2025-26 results with revenue of Rs 22,032.66 lakhs and net profit of Rs 1,402.33 lakhs. The company's Board approved a fundraising plan of up to Rs 350 crores through various securities. Additionally, the company plans to increase its authorized share capital from Rs 12.50 crores to Rs 16 crores, subject to shareholder approval via postal ballot.
22Oct 25
Manaksia Coated Metals Plans Board Meeting to Discuss Q2 Results and Fund-Raising Proposals
Manaksia Coated Metals & Industries Limited has scheduled a board meeting for October 27, 2025. The agenda includes reviewing Q2 and half-year financial results, considering fund-raising proposals through various securities, and discussing potential increase in authorized capital. The company has also announced a trading window closure for designated persons starting October 30, 2025, until further notice.
22Sept 25
Manaksia Coated Metals & Industries Receives Credit Rating Upgrade, Announces Expansion Plans
Acuité Ratings & Research has upgraded Manaksia Coated Metals & Industries' long-term rating to A and short-term rating to A1, citing robust financial profile and consistent performance. The company unveiled expansion plans including capacity upgrade to 180,000 MTPA, a 7.0 MWp captive solar project, and a new color coating line. Manaksia reported strong financial results with consolidated total income of ₹789.66 crore, EBITDA of ₹63.01 crore, and net profit of ₹15.39 crore. Management expressed confidence in sustained growth momentum, particularly in exports.
25Jul 25
Manaksia Coated Metals Reports 360% Jump in Q1 Net Profit, Announces Capacity Expansion Plans
Manaksia Coated Metals & Industries Limited reported impressive Q1 results with a 29.97% increase in consolidated total income to INR 253.94 crores and a 359.70% surge in net profit to INR 14.01 crores. EBITDA grew by 93.36% to INR 28.62 crores, with margin expansion of 370 basis points. Exports contributed 57% of total revenue, growing 166.14% year-on-year. The company announced plans to upgrade its galvanizing line to Alu-Zinc technology, add a new color coating line, and install a 7-megawatt solar power plant. With INR 174.87 crores raised through preferential warrants, Manaksia aims to become a top player in India's value-added downstream steel products sector.
22Jul 25
Manaksia Coated Metals Reports Stellar Q1 Performance with 370% Surge in Net Profit
Manaksia Coated Metals & Industries Limited (MCMIL) reported impressive Q1 results with net profit soaring 370% to ₹141.00 million. Revenue increased by 28.87% to ₹2,500.00 million, while EBITDA rose to ₹227.00 million with an improved margin of 9.09%. The company's Board approved Q1 results, scheduled the 15th AGM for September 16, 2025, set a dividend cut-off date, appointed new auditors, and approved a merger scheme with its subsidiary JPA Snacks Private Limited.
22Jul 25
Manaksia Coated Metals Approves Amalgamation with JPA Snacks, Announces Q1 Results and Key Appointments
Manaksia Coated Metals & Industries Limited (MCMIL) has approved the amalgamation with its wholly-owned subsidiary JPA Snacks Private Limited, adopted Q1 financial results, and made key corporate governance appointments. The amalgamation aims to simplify group structure and reduce costs. MCMIL's financial position as of March 31, 2025, shows net assets of 22,262.37 lakhs and revenue from operations of 78,162.76 lakhs. The company appointed new internal and secretarial auditors, scheduled its 15th AGM for September 16, 2025, and set record dates for shareholder voting and dividend entitlement.
14May 25
Manaksia Coated Metals & Industries Reports Steady Q4 Performance
Manaksia Coated Metals & Industries released its Q4 financial results, showing a 14.75% year-over-year revenue increase to ₹210.00 crore. Net profit remained stable at ₹51.00 crore, slightly down from ₹53.00 crore in the previous year. The company maintained consistent profitability despite revenue growth, suggesting effective cost management amid potential market pressures.
Industry Peers
Welspun Corp
APL Apollo Tubes
Shyam Metalics & Energy
Ratnamani Metals & Tubes
Jindal SAW
Usha Martin
Godawari Power & Ispat
Gallantt Ispat
Maharashtra Seamless
Jayaswal Neco Industries
2,605.80
(-4.09%)
2,115.70
(-3.40%)
1,047.80
(-1.62%)
2,619.40
(-3.89%)
270.30
(-2.66%)
491.70
(-1.39%)
215.67
(-3.00%)
530.15
(-1.37%)
698.75
(-5.27%)
91.28
(-1.63%)
we are part of Raise Financial Services
built with love
for indians who love to invest & trade
Market Community
Follow us on
