Latest news about Manaksia Steels
Manaksia Steels
108.32
-3.59(-3.21%)
Company Performance:
View Company Insights1D-3.21%
1M+44.02%
6M+95.17%
1Y+82.94%
5Y+199.64%
More news about Manaksia Steels
10Aug 26
Manaksia Steels Approves Expansion of Haldia Facility With an Investment of 8 Billion Rupees
Manaksia Steels has approved the expansion of its Haldia facility with a planned investment of 8 billion rupees. The board's approval of this capital commitment highlights the company's focus on enhancing its manufacturing capacity at the Haldia plant. The announcement reflects a significant corporate development for Manaksia Steels in terms of infrastructure growth.
10Aug 26
Manaksia Steels Q1 Results: Net Profit Jumps to 226M Rupees, EBITDA Margin Expands to 10.24% YoY
Manaksia Steels reported Q1 consolidated net profit of 226M rupees, compared to 65M rupees in the same period last year. Revenue for the quarter grew to 3.3B rupees from 2.17B rupees YoY. EBITDA more than doubled to 335M rupees from 154M rupees, with the EBITDA margin expanding to 10.24% from 7.08% on a year-on-year basis.
26May 26
Manaksia Steels FY26 net profit jumps 309% to ₹39.92 crore
Manaksia Steels Limited reported a consolidated net profit of ₹39.92 crore for FY26, a 309% increase from ₹9.75 crore in the previous year, while standalone net profit reached ₹38.17 crore. Total consolidated income grew 75.55% to ₹1,135.43 crore. For Q4 FY26, consolidated net profit surged to ₹19.32 crore from ₹4.71 crore, with total income rising 61.58% to ₹331.24 crore. EBITDA for the quarter stood at ₹36.12 crore, up 268.40%. The company announced plans to establish a second Cold Rolling Mill at Haldia with a capacity of 250,000 MTPA and an investment of ₹100 crore.
11Apr 26
Manaksia Limited Opens Special Window for Transfer and Dematerialization of Physical Securities
Manaksia Limited has opened a special window for transfer and dematerialization of physical securities, valid from February 05, 2026 to February 04, 2027. The initiative follows SEBI circular requirements and was announced through newspaper publications on April 11, 2026. Eligible shareholders can submit requests to the company or its RTA for securities sold/purchased prior to April 01, 2019.
25Mar 26
Manaksia Steels Announces Rs 100 Crore Cold Rolled Coil Expansion at Haldia
Manaksia Steels has announced a major capacity expansion at its Haldia facility, involving an investment of Rs 100 crores to add 250,000 tonnes per year of cold rolled coil capacity through a 6-Hi Reversible Cold Rolling Mill. The expansion will increase total capacity from 120,000 tonnes to 370,000 tonnes per annum, with completion targeted for Q4 FY 2027-28.
17Mar 26
Manaksia Steels Limited Announces Postal Ballot Results for Material Related Party Transaction Approvals
Manaksia Steels Limited successfully concluded its postal ballot on March 17, 2026, with all four ordinary resolutions for material related party transactions receiving overwhelming approval from public shareholders. The resolutions, covering transactions with MINL Limited, Manaksia Limited, Sumo Steels Limited, and Manaksia Ferro Industries Limited for FY 2026-27, achieved over 99.58% approval rates. The e-voting process was conducted through NSDL with Ms. Pammy Jaiswal serving as scrutinizer, ensuring regulatory compliance and transparent shareholder participation.
13Feb 26
Manaksia Steels Limited Announces Postal Ballot Process for Special Business Resolutions
Manaksia Steels Limited has completed dispatch of postal ballot notice to shareholders via electronic mode on February 12, 2026. The e-voting period runs from February 13, 2026 to March 14, 2026, with NSDL providing the e-voting platform. Ms. Parvny Jaiswal has been appointed as scrutinizer, and results will be declared by March 17, 2026.
31Jan 26
Manaksia Steels Board Approves Q3FY26 Results with 111.50% Revenue Growth
Manaksia Steels Limited's Board of Directors officially approved unaudited Q3FY26 financial results on January 31, 2026, showing exceptional performance with standalone revenue growth of 111.50% to ₹30,104.10 crores and net profit surge of 241.20% to ₹910.22 crores, while consolidated operations achieved ₹32,056.16 crores total income with strong nine-month performance across all metrics.
24Dec 25
Manaksia Steels Limited Responds to BSE Query on Recent Price Movement
Manaksia Steels Limited responded to BSE's surveillance query on December 24, 2025, regarding recent price movements in its securities. The company confirmed full compliance with SEBI Regulation 30 and listing requirements, stating it has disclosed all material information timely. While acknowledging observed price movements, the company clarified it has no additional undisclosed information or pending announcements that could explain the recent trading activity.
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.
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.
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.
Industry Peers
JSW Steel
Tata Steel
Jindal Steel
Steel Authority of India
Jindal Stainless
Sarda Energy & Minerals
Vedanta Iron & Steel
NMDC Steel
Jai Balaji Industries
Sunflag Iron & Steel Company
1,320.00
(+0.92%)
188.88
(+2.54%)
1,160.60
(+1.36%)
198.60
(+0.81%)
739.05
(+0.09%)
508.15
(+0.32%)
35.49
(-1.61%)
45.80
(+0.88%)
69.96
(-1.26%)
345.40
(-0.32%)
we are part of Raise Financial Services
built with love
for indians who love to invest & trade
Market Community
Follow us on
