Manaksia Steels
49.01
-1.70(-3.35%)
Market Cap₹321.18 Cr
PE Ratio13.27
Company Performance:
1D-3.35%
1M-18.78%
6M-18.68%
1Y+2.36%
5Y+128.48%
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More news about Manaksia Steels
13Nov 25
Manaksia Steels Reports 184% Sales Volume Growth in Q2 FY26, Nigerian Subsidiary Shines
Manaksia Steels Limited (MSL) reported robust Q2 FY26 results with total sales volume up 184% year-on-year. Total income increased by 134.46% to ₹244.75 crore, while PAT grew 68.44% to ₹4.01 crore. Production of galvanized products rose 56% and pre-painted products by 150%. The company's Nigerian subsidiary saw over 150% revenue growth. MSL's new Aluzinc-coated steel line reached 75% capacity utilization. A new color-coating line at Haldia is set to commission in Q4 FY26, expanding capacity by 200%. Despite industry challenges, MSL remains optimistic about future growth prospects.
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29Jul 25
Manaksia Steels Announces ₹40 Crore Expansion, Reports Strong Q1 Results
Manaksia Steels Limited plans to invest ₹40 crore to double its color coating line capacity at Haldia unit, adding 90,000 MT per annum. The new line is expected to be operational by Q4 FY2025-26. The company reported impressive Q1 results with a 30.19% increase in total income, 91.95% growth in EBITDA, and 297.99% surge in PAT year-on-year. Sales volume increased by 32%, with galvanised and pre-painted production up by 25% and 81% respectively. The Nigerian subsidiary showed 85% sales growth. Management remains optimistic about future growth prospects.
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29Jul 25
Manaksia Steels Reports Strong Q1 Results, Announces Capacity Expansion
Manaksia Steels Limited reported a 172.90% year-over-year increase in Q1 consolidated net profit, reaching Rs 634.71 lacs. The company approved a capacity expansion plan, adding a second Colour Coating Line at its Haldia facility, increasing capacity from 48,000 MT to 138,000 MT annually. The Rs 40 crore project will be funded through internal accruals. Key corporate decisions include scheduling the 24th AGM, re-appointing Mrs. Nidhi Baheti as an Independent Director, appointing new Secretarial Auditors, and adopting a new company logo. Manaksia also commissioned a new Aluzinc Coated Steel Line on June 10, 2025.
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Manaksia Steels
49.01
-1.70
(-3.35%)
1 Year Returns:+2.36%
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