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Metal Coatings (India) Ltd (531810)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531810 NSE: Steel & Iron Products | Small Cap | Metal Coatings (I) Share Price

₹50.58 0.49 (0.98%)

As on 03-Jul'26 16:59

Metal Coatings (India) Ltd (531810)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531810 NSE: Steel & Iron Products | Small Cap | Metal Coatings (I) Share Price

₹50.58 0.49 (0.98%)

As on 03-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹37 Cr.
Current Price
₹50.6
52-Week Low / High
₹46 / 83
TTM EPS
₹3.3
TTM Sales
₹149 Cr.
Book Value per Share
₹60
P/E Ratio
15.44
Lower than its 5-year historical median
Industry PE
24.4
Price to Book (P/B)
0.84
Lower than its 5-year historical median
Price to Sales (P/S)
0.25
Lower than its 5-year historical median
EV/EBITDA
10.69
Lower than its 5-year historical median
Dividend Yield
1.98%
Profitability Efficiency
Return on Equity (ROE)
5.79%
Underperforms industry median
Return on Capital Employed (ROCE)
12.77%
Outperforms industry median
Return on Assets (ROA)
4.78%
Operating Profit Margin
3.3%
Net Profit Margin
1.48%
Gross Profit Margin
2.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-4.85%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
63.89%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
-5.2%
Asset Quality
Promoter Holding
70.94%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹37 Cr.
Equity
₹7.3 Cr.
Face Value
₹10
All Time Low / High
₹2.00 / 119.00

Metal Coatings (India) stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Metal Coatings (India) Ltd a good quality company?
Metal Coatings (India) Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Metal Coatings (India) Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Metal Coatings (India) Ltd vs industry peers?
Metal Coatings (India) Ltd revenue CAGR is 5.93%, compared to the industry median CAGR of 7.56%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Metal Coatings (India) Ltd?
Promoters hold 70.94% of the Metal Coatings (India) Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Metal Coatings (India) Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 4.5% based on the current price.

10 Year X-Ray :

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.
Metal Coatings (India) Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 9.5%11.7%10.4%13.3%11.8%9.5%9.2%9.2%8.2%12.8%-
Value Creation
Index
-0.3-0.2-0.3-0.1-0.2-0.3-0.3-0.3-0.4-0.1-

Growth Parameters

Sales 91.597.911015412094.1142170168160149
Sales YoY Gr.-7%12.8%39.5%-22%-21.7%51.2%19.8%-1.2%-4.9%-
Adj EPS 2.12.72.74.23.93.53.93.83.43.23.3
YoY Gr.-28.5%3%53.7%-7.4%-10.3%10%-2.1%-9.6%-5.3%-
BVPS (₹) 30.532.833.936.539.64346.450.454.157.660
Adj Net
Profit
1.5223.12.92.62.82.82.52.42
Cash Flow from Ops. -0.83.91.42.58.3-4.6-5.611.32.85.7-
Debt/CF from Ops. -22.22.76.830.5-2.1-1.700.70.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 6.4%5.9%4.1%-4.9%
Adj EPS 5.1%-3.7%-5.7%-5.3%
BVPS7.3%7.8%7.5%6.4%
Share Price 2.7% 8% -19.8% -29.3%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
6.98.48.21210.38.58.67.86.55.85.6
Op. Profit
Mgn %
4.34.63.62.83.13.42.22.21.93.32
Net Profit
Mgn %
1.721.822.42.721.61.51.51.6
Debt to
Equity
0.80.40.40.30.10.30.300.100
Working Cap
Days
103105104799412310286788459
Cash Conv.
Cycle
979810076901179278757345

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales91.5397.92110.47154.06120.1794.12142.26170.40168.41160.25
Operating Expenses + 87.6093.45106.52149.70116.4490.93139.12166.67165.18154.94
Manufacturing Costs10.108.538.829.758.895.656.9710.9812.6913.28
Material Costs71.3978.6390.74131.8099.5276.84124.16146.45142.66129.61
Employee Cost 4.724.675.355.806.226.406.447.187.399.31
Other Costs 1.381.611.612.351.812.041.552.062.432.74
Operating Profit 3.944.473.954.373.733.193.133.733.245.31
Operating Profit Margin (%) 4.3%4.6%3.6%2.8%3.1%3.4%2.2%2.2%1.9%3.3%
Other Income + 0.410.620.340.860.800.821.240.450.510.75
Exceptional Items 0000000000
Interest 1.231.400.470.510.100.060.140.080.022.38
Depreciation 0.770.730.700.640.560.520.470.450.540.61
Profit Before Tax 2.352.963.134.083.873.433.763.653.203.08
Tax 0.8311.131.011.010.860.930.880.700.71
Profit After Tax 1.511.951.993.072.852.572.822.762.502.37
PAT Margin (%) 1.7%2.0%1.8%2.0%2.4%2.7%2.0%1.6%1.5%1.5%
Adjusted EPS (₹)2.12.72.74.23.93.53.93.83.43.2
Dividend Payout Ratio (%)48.40%37.50%36.80%11.90%0%0%0%0%0%30.90%

Valuation of Metal Coatings (I) - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 22.3324.0324.8726.7028.9931.4833.9736.9539.6342.17
Share Capital 7.337.337.337.337.337.337.337.337.337.33
Reserves 1516.7017.5419.3821.6724.1626.6429.6232.3134.84
Debt +17.3310.599.627.663.889.509.7302.041.60
Long Term Debt0.060.0100000000
Short Term Debt17.2710.599.627.663.889.509.7302.041.60
Minority Interest0000000000
Trade Payables0.550.520.040.890.210.200.290.390.371.48
Others Liabilities 4.484.374.964.754.344.814.965.3056.79
Total Liabilities 44.6939.5239.4940.0137.4245.9948.9542.6347.0552.04

Fixed Assets

Net Fixed Assets +7.787.136.355.395.175.044.575.585.545.61
Gross Block18.1517.6917.3116.7017.041717.0117.9918.5019.02
Accumulated Depreciation10.3710.5610.9611.3211.8711.9612.4412.4212.9513.40
CWIP 0000000000
Investments 30001.270005.288.21
Inventories9.258.207.655.953.107.8911.386.616.398.37
Trade Receivables19.8522.6224.2327.3124.2225.3527.5927.9728.5622.31
Cash Equivalents 3.330.470.480.652.915.620.320.780.280.29
Others Assets 1.471.100.780.710.742.095.081.6917.24
Total Assets 44.6939.5239.4940.0137.4245.9948.9542.6347.0552.04

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -0.793.921.422.548.32-4.60-5.6011.292.775.69
PBT 2.352.963.134.083.873.433.763.653.203.08
Adjustment 1.932.011.171.150.66-0.25-0.500.090.042.23
Changes in Working Capital -2.951.27-1.19-1.064.92-6.67-7.958.620.421.43
Tax Paid -0.98-1.04-1.23-1.13-1.03-1.11-0.91-1.08-0.88-1.05
Cash Flow From Investing Activity + -0.392.930.410.31-1.611.710.35-1.02-5.27-2.86
Capex -0.39-0.070.410.31-0.34-0.25-0.01-1.42-0.51-0.66
Net Investments 0300-1.271.470.040.13-5.02-2.58
Others 000000.490.320.270.250.38
Cash Flow From Financing Activity + 3.14-6.80-1.91-2.84-4.235.560.09-9.802.03-2.82
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -0.08-0.05-0.010000000
Interest Paid -0.03-0.01-0-00-0.06-0.14-0.07-0.01-2.37
Dividend Paid -0.730-0.73-0.73-0.3700000
Others 3.98-6.74-1.17-2.11-3.865.620.23-9.732.04-0.45
Net Cash Flow 1.960.04-0.080.022.482.67-5.160.47-0.470.01

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)6.888.428.1511.9210.258.498.637.86.525.79
ROCE (%)9.5411.7110.413.3411.819.469.219.248.1712.77
Asset Turnover Ratio2.432.592.873.883.12.2633.723.763.23
PAT to CFO Conversion(x)-0.522.010.710.832.92-1.79-1.994.091.112.4
Working Capital Days
Receivable Days70.207175.3061.1078.3096.1067.9059.5061.3057.90
Inventory Days28.4029.2025.5016.1013.7021.3024.7019.3014.1016.80
Payable Days1.702.501.101.30210.700.8012.60

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.003.210.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Metal Coatings (India) Ltd FAQs

The current trading price of Metal Coatings (I) on 03-Jul-2026 16:59 is ₹50.58.

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 02-Jul-2026 the market cap of Metal Coatings (I) stood at ₹37.06 Cr

The latest P/E ratio of Metal Coatings (I) as of 02-Jul-2026 is 15.44.

The latest P/B ratio of Metal Coatings (I) as of 02-Jul-2026 is 0.84.

The 52-week high of Metal Coatings (I) is ₹82.80 and the 52-week low is ₹45.55.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Metal Coatings (I) is ₹149 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Metal Coatings (India) Ltd is a below average quality company.

The key valuation ratios of Metal Coatings (India) Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

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

About Metal Coatings (India) Ltd

Metal Coatings (India) was incorporated on December 12, 1994 to take over the assets of a profit-making partnership firm set up in 1988 with the same name. The company has been promoted by R C Khandelwal, R S Khandelwal and V P Khandelwal.

Cold-rolled steel strips, hot-rolled pickled & oiled coils and strips, cold-rolled flat wire strips, and galvanized wires and strips are manufactured by the company, which find application in the auto components, power transmission equipment, white goods, defence equipment, electrical equipment and other industrial sectors. Manufacturing facilities are located in the Faridabad district of Haryana with installed capacities of 17,000 MTPA cold-rolled strips and 3,500 MTPA galvanized iron wires and strips.

The company now envisages enhancing its capacity to 13200 MT through an expansion-cum-backward integration scheme spread over the existing and new site at Plot No. 113, HSIDC Industrial Estate, Sector 59, Faridabad. In order to meet its requirement of CRCA strips, MCIL is installing a CR Mill of 13000 TPA, CR slitting unit of 12300 TPA and other balancing equipments. After the implementation of the project, the entire requirement of CRCA strips would be met from in-house. 

The registered office of the company is located at A-178/12A, Ground Floor, Dayanand Colony, Lajpat Nagar-IV, New Delhi-110024.

Business area of the company

The company is engaged in the manufacture and sale of different types of steel coils and strips.

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