Manaksia Steels Ltd - Stock Valuation and Financial Performance

BSE: 539044 | NSE: MANAKSTEEL | Steel & Iron Products | Small Cap

Manaksia Steels Share Price

56.91 1.11 1.99%
as on 25-Apr'24 16:01

DeciZen - make an informed investing decision on Manaksia Steels

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Manaksia Steels stock performance -

mw4me loader
P/E Ratio (SA):
12.04
Market Cap:
365.7 Cr.
52-wk low:
36.1
52-wk high:
107.1

Is Manaksia Steels Ltd an attractive stock to invest in?

1. Is Manaksia Steels Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Manaksia Steels Ltd is a below average quality company.

2. Is Manaksia Steels Ltd undervalued or overvalued?

The key valuation ratios of Manaksia Steels Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Manaksia Steels Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Manaksia Steels Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Manaksia Steels:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Manaksia Steels Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 8.7%3%3.1%6.4%9%7.4%6.6%7.3%10.7%5%-
Value Creation
Index
-0.4-0.8-0.8-0.5-0.4-0.5-0.5-0.5-0.2-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 213329289334494689488388505641689
Sales YoY Gr.-55%-12.1%15.4%47.8%39.6%-29.2%-20.5%30%27.2%-
Adj EPS 143.10.70.71.62.92.31.92.84.424.6
YoY Gr.--99.5%-5.4%127.1%83.7%-22.6%-14.6%43.5%58.5%-54.4%-
BVPS (₹) 2,679.122.623.424.426.928.529.533.439.34348.7
Adj Net
Profit
7.24.84.610.519.114.812.718.128.813.130
Cash Flow from Ops. -96.594.6-4.610-15101-634.2-229.2-
Debt/CF from Ops. -1.30.5-11.75.8-6.20-6.81.8-3.81.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 13.1%5.4%9.6%27.2%
Adj EPS -37.8%-7.3%1.2%-54.4%
BVPS-36.8%9.9%13.4%9.5%
Share Price - 24.2% 35% 56.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
10.23.336.711.48.26.78.812.14.910.1
Op. Profit
Mgn %
8.94.85.98.17.54.23.56.87.72.84.9
Net Profit
Mgn %
3.41.51.63.13.92.22.64.75.72.14.4
Debt to
Equity
10.30.40.40.500.20.300.2-
Working Cap
Days
2142111771711521131371851338756
Cash Conv.
Cycle
13013512412494555576645343

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 10.10%

Sales growth is good in last 4 quarters at 13.59%

Sales growth has been subdued in last 3 years 9.56%

Net Profit has been subdued in last 3 years 1.19%

Latest Financials - Manaksia Steels Ltd.

Standalone Consolidated
TTM EPS (₹) 4.6 4.6
TTM Sales (₹ Cr.) 689 754
BVPS (₹.) 48.7 48.3
Reserves (₹ Cr.) 313 310
P/BV 1.15 1.15
PE 12.04 12.15
From the Market
52 Week Low / High (₹) 36.10 / 107.10
All Time Low / High (₹) 5.00 / 107.10
Market Cap (₹ Cr.) 366
Equity (₹ Cr.) 6.6
Face Value (₹) 1
Industry PE 27.4

Management X-Ray of Manaksia Steels:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Manaksia Steels

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales213329289334494689488388505641
Operating Expenses 194313272309460667477362466624
Manufacturing Costs13222319293025413833
Material Costs158253223266403604418296397562
Employee Cost 3757111314121313
Other Costs 19312117182020131717
Operating Profit 19161725342211263917
Operating Profit Margin (%) 8.8%4.8%5.9%7.5%6.8%3.2%2.3%6.8%7.7%2.7%
Other Income 5612326787
Interest 6324432112
Depreciation 2878756665
Exceptional Items 0000000000
Profit Before Tax 1511815271710274116
Tax 533510617114
Profit After Tax 1185917109203013
PAT Margin (%) 5.0%2.5%1.7%2.7%3.4%1.5%1.8%5.1%5.9%2.0%
Adjusted EPS (₹)210.41.30.81.42.51.61.33.04.51.9
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 134148153160176186193219257282
Share Capital 0777777777
Reserves 134142147153170180187212251275
Minority Interest0000000000
Debt1284554579304063745
Long Term Debt0000000000
Short Term Debt1284554579304063745
Trade Payables5021241674824910912
Others Liabilities 28151821141313141618
Total Liabilities 340229249254357281296305290357

Fixed Assets

Gross Block9710010263646872737581
Accumulated Depreciation2432407141925313541
Net Fixed Assets73686255504947433940
CWIP 2112302057
Investments 00003242354977154
Inventories1336049491237487808293
Trade Receivables75579194938143171915
Cash Equivalents 15222929241224788
Others Assets412017253223591096039
Total Assets 340229249254357281296305290357

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -9795-510-15101-634-229
PBT 1511815271710274116
Adjustment 8109118751-21
Changes in Working Capital -11779-19-11-3686-1612-2915
Tax Paid -3-6-4-4-14-8-4-6-11-3
Cash Flow From Investing Activity -7-1-1-12-26-5-22-7259-67
Capex -1-2-2-1-3-2-30-7-8
Net Investments 0000-7-10-23-7458-61
Others -610-11-1674283
Cash Flow From Financing Activity 119-877-131-963921-5735
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -6-3-2-4-4-3-1-1-1-2
Dividend Paid 0000000000
Others 125-839435-934022-5638
Net Cash Flow 1571-3-9011-161-2
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)15.715.793.35.849.925.694.589.5612.424.69
ROCE (%)16.256.155.268.9412.548.455.410.8715.156.39
Asset Turnover Ratio1.251.181.271.381.642.161.691.291.71.99
PAT to CFO Conversion(x)-8.8211.88-11.11-0.8810.1-0.671.7-0.072.23
Working Capital Days
Receivable Days129728997684646281310
Inventory Days2281056652635260785850
Payable Days575137284147573697

Manaksia Steels Ltd Stock News

Manaksia Steels Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Manaksia Steels on 25-Apr-2024 16:01 is ₹56.91.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 25-Apr-2024 16:01 the market cap of Manaksia Steels stood at ₹365.7.
The latest P/E ratio of Manaksia Steels as of 25-Apr-2024 16:01 is 12.04.
The latest P/B ratio of Manaksia Steels as of 25-Apr-2024 16:01 is 1.15.
The 52-week high of Manaksia Steels is ₹107.1 and the 52-week low is ₹36.10.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Manaksia Steels is ₹689.1 ( Cr.) .

About Manaksia Steels Ltd

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