MoneyWorks4Me

Manaksia Ltd (MANAKSIA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532932 NSE: MANAKSIA Trading | Small Cap | Manaksia Share Price

₹67.82 3.51 (5.46%)

As on 23-Sep'26 16:59

Manaksia Ltd (MANAKSIA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532932 NSE: MANAKSIA Trading | Small Cap | Manaksia Share Price

₹67.82 3.51 (5.46%)

As on 23-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹421 Cr.
Current Price
₹67.8
52-Week Low / High
₹42 / 78
TTM EPS
₹9.6
TTM Sales
₹833 Cr.
Book Value per Share
₹114.4
P/E Ratio
6.71
Lower than its 5-year historical median
Industry PE
39.8
Price to Book (P/B)
0.56
Lower than its 5-year historical median
Price to Sales (P/S)
0.51
Lower than its 5-year historical median
EV/EBITDA
1.99
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
8.17%
Outperforms industry median
Return on Capital Employed (ROCE)
11.00%
Outperforms industry median
Return on Assets (ROA)
6.72%
Operating Profit Margin
5.3%
Net Profit Margin
6.75%
Gross Profit Margin
9.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
4.36%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
-23.76%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
-8.95%
Asset Quality
Promoter Holding
74.93%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹736 Cr.
Equity
₹13.1 Cr.
Face Value
₹2
All Time Low / High
₹24.15 / 248.70

Manaksia stock performance

Key Ratios
mw4me loader

Check Before You Invest

Quality

Somewhat Good

Valuation

Somewhat Undervalued

Price Trend

Strong
Q.1 Is Manaksia Ltd a good quality company?
Manaksia Ltd is a average quality company, based on a somewhat consistent 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 Manaksia Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Manaksia Ltd vs industry peers?
Manaksia Ltd revenue CAGR is -1.85%, compared to the industry median CAGR of 0.00%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Manaksia Ltd?
Promoters hold 74.93% of the Manaksia Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Manaksia Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 2.3% 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.
Manaksia Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 13%58.1%21.6%55.8%7.1%7.3%85%9.2%4.1%3.9%-
Value Creation
Index
-0.13.20.63.0-0.5-0.55.1-0.4-0.7-0.7-

Growth Parameters

Sales 31.547.233.536.326.762.8143161166173181
Sales YoY Gr.-50%-29%8.3%-26.4%134.8%128.3%12.2%3.1%4.4%-
Adj EPS 1.67.73.580.60.714.42.80.90.51.4
YoY Gr.-380%-55.1%132.2%-92%7.8%1987%-80.8%-67.5%-46.7%-
BVPS (₹) 14.11919.216.817.415.727.627.428.329.230
Adj Net
Profit
10.550.322.652.54.24.594.318.25.93.19
Cash Flow from Ops. -29.8-2.2-19.9-10.5-6.18.72.2-3.5-7.8-2.8-
Debt/CF from Ops. -0.3-1.100000-1.4-3-4.6-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 20.8%45.3%6.5%4.4%
Adj EPS -12.5%-5.6%-67.8%-46.7%
BVPS8.4%10.9%1.9%3.2%
Share Price 2.7% 0.6% -20.8% -5.1%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
11.546.318.144.53.84.166.510.13.21.74.7
Op. Profit
Mgn %
-18.1-5.5-21.3-24.4-79.9-1.54.22.9-0.81.10.9
Net Profit
Mgn %
33.3106.567.4144.615.77.265.811.33.61.85
Debt to
Equity
0.100000000.10.1-
Working Cap
Days
681523849716810311987092110169
Cash Conv.
Cycle
144701167960194102231141

Valuation of Manaksia - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Management X-Ray

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 (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales1,0419869908568611,1741,165702731784
Operating Expenses + 8658959067847609461,019606677743
Manufacturing Costs981001028788129121606260
Material Costs638725717617585741813489563627
Employee Cost 36354545434650363536
Other Costs 92364135442935201620
Operating Profit 176928572101228146965441
Operating Profit Margin (%) 16.9%9.3%8.5%8.4%11.7%19.4%12.5%13.7%7.4%5.3%
Other Income + 5966663336077635439
Exceptional Items 0000000-33-70
Interest 17181066101512124
Depreciation 48444442322521966
Profit Before Tax 1161269788962541871048571
Tax 15302227316880252718
Profit After Tax 10196756165186108795853
PAT Margin (%) 9.7%9.7%7.6%7.1%7.5%15.9%9.3%11.2%8.0%6.8%
Adjusted EPS (₹)15.414.511.28.99.127.916.311.58.58.0
Dividend Payout Ratio (%)0%20.70%26.90%117.40%33%0%36.80%0%0%0%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 8179901,0539599561,0621,124550572723
Share Capital 13131313131313131313
Reserves 8049761,0409469431,0491,111537559710
Debt +1883935135211458742630
Long Term Debt12310000000
Short Term Debt1763634135211458742630
Minority Interest11131417222526292324
Trade Payables178638675593435225240
Others Liabilities 7190806483139149464145
Total Liabilities 1,2661,1941,2691,1281,1721,3741,393722714862

Fixed Assets

Net Fixed Assets +249310265209173141129484854
Gross Block291346345330291283291218223234
Accumulated Depreciation423680120117142162170175180
CWIP 1910443430651
Investments 24346415238583630671426111175
Inventories13314017915912915270679566
Trade Receivables1846898715986143506670
Cash Equivalents 35414412016712025828085249263
Others Assets 3021751892801051029946140183
Total Assets 1,2661,1941,2691,1281,1721,3741,393722714862
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 481279-5-3727914053135-275-11
PBT 1161269788962541871048571
Adjustment 6016-10-1220-24-31-39-37-28
Changes in Working Capital 315157-73-83180-60-27156-296-35
Tax Paid -10-20-18-30-17-31-77-86-28-18
Cash Flow From Investing Activity + -33-335-18243-302715323358-85
Capex -19-22-14-3-6-2-112-12-44
Net Investments -18-321-68178-335-24-30258344-80
Others 486468393456632638
Cash Flow From Financing Activity + 53-188-33-973332-91-16-681
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -17-19-10-6-6-10-15-12-12-4
Dividend Paid 0-20-20-690-20-20-2000
Others 70-150-3-223961-5616-574
Net Cash Flow 501-244-561099179-2344114-95
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)1010.647.356.076.7518.469.869.410.368.17
ROCE (%)11.2513.99.999.0510.324.1617.212.8815.7811
Asset Turnover Ratio0.780.810.80.710.750.920.840.661.021
PAT to CFO Conversion(x)4.762.91-0.07-0.614.290.750.491.71-4.74-0.21
Working Capital Days
Receivable Days45.5046.4030.6036.1027.4022.5035.9050.2028.9031.60
Inventory Days56.9050.5058.807261.2043.7034.7035.7040.5037.50
Payable Days66.1060.6037.8047.5041.902315.6021.3023.8026.70

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Manaksia Ltd FAQs

The current trading price of Manaksia on 23-Sep-2026 16:59 is ₹67.82.

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 22-Sep-2026 the market cap of Manaksia stood at ₹421.4 Cr

The latest P/E ratio of Manaksia as of 22-Sep-2026 is 46.39.

The latest P/B ratio of Manaksia as of 22-Sep-2026 is 2.14.

The 52-week high of Manaksia is ₹78.49 and the 52-week low is ₹42.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Manaksia is ₹181 ( Cr.) .

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

The key valuation ratios of Manaksia 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 Strong which suggest that the price of Manaksia Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Manaksia Ltd

Manaksia Limited (formerly Hindusthan Seals Ltd., incorporated in 1984) is a multi-division and multi-location conglomerate. The company was promoted by Basant Kumar Agrawal and Suresh Kumar Agrawal. It is headquartered in Kolkata, India, and its shares are listed on the Bombay Stock Exchange, the National Stock Exchange and the Calcutta Stock Exchange.

Manaksia specialises in the manufacture of packaging products (crowns, closures and metal containers), metal products and fast moving consumer goods, among others. Its metal packaging products include crowns, roll-on pilfer-proof closures, expanded polyethylene liners as well as push-open and other metal containers.

The company has now diversified into the production of aluminium rolled products, secondary specification aluminium alloys and galvanised steel.

In the fast moving consumer goods segment, the company is a dependable mosquito repellents outsourcing destination for Mortein (owned by Reckitt Benckiser (India) Limited) and Maxo (owned by Jyothy Laboratories) brands. The company has now diversified into the production of aluminium rolled products, secondary specification aluminium alloys and galvanised steel. It possesses 15 manufacturing plants in India and three abroad; two in Nigeria and one in Ghana.

Product range of the company includes:

  • Roll On Pilfer Proof (ROPP) Closures- made of high quality aluminium are internationally accepted sealing devices, fitted on glass, plastic and metal containers for prevention of pilferage. Used for liquors, medicines, non-carbonated fruit drinks, hair oils and other consumer products. It produce Deep Drawn ROPP Closures, Side Chamferred ROPP Closures and Side Decorated Extra Deep Drawn (Steel Cap Type) ROPP Closures.
  • Crown- These closures are made with moulded PVC and dry blend lining. These are widely used by almost all brand leaders of soft drinks and beer in India.
  • Metal Container- Push Open Type Metal Containers for Shoe Polish, Other metal containers are manufactured from quality aluminium with great precision and skill on order from premier companies manufacturing face creams, balms and ointments and it also produce Tea Caddies for preserving the 'garden freshness' of Indian tea.
  • Mosquito Repellant Coil- under the brand name 'MORTEIN' with the support of Reckitt Benckiser (India) Limited and also mosquito coil stand
  • Aluminium products- Aluminium sheets and coils, roofing and flooring sheet, aluminium alloy ingot, prefabricated shelter.
  • Steel products- CRcoil/ sheet, hot dipped galvanized steel, prepainted profile sheet.

Subsidiaries:

  • The company’s wholly owned subsidiary in Nigeria, MINL Limited, was set up in 1996 and is the market leader in ROPP caps and crown corks in Nigeria. It has also set up facilities for the manufacture of galvanised steel, metal colour coated sheets and coils and secondary specification aluminium alloys.
  • The company also has subsidiary companies in Ghana (Dynatech Industries Ghana Limited) and Dubai (Euroasian Ventures FZE).

Milestones of the company:

  • 2008: The Company declares its IPO.
  • 2005-06: Commencement of commercial production at Kutch.
  • 2004-05: Expansion of product horizon at Nigeria, facilities for Continuous Galvanising and manufacture of Aluminium Alloy Ingots set up.
  • 2003-04: Manufacture of mosquito coils starts at Assam. Hindusthan Seals Limited the second largest manufacturer of mosquito coils in the world.Hindusthan Seals Limited renamed Manaksia Limited. Trial production starts in Aluminium Rolling Mill at Haldia.
  • 2002-03: Mark Steels Limited, a wholly owned subsidiary of Hindusthan Seals Limited for setting up an integrated steel complex at Purulia, inaugurates manufacturing facilities of 100 TPD of sponge iron.Metal profiling line set up through a subsidiary, Dynatech Industries Ghana Limited at Ghana.
  • 2001-02: Facilities for manufacture of Mosquito Coils set up at Bhopal.Manufacture of Corrugated Cardboard Boxes commences at Hyderabad.Assam, Haldia and Kutch projects visualised and work commences. Commercial production at Assam factory starts.Facilities for manufacture of value-added Aluminium products and Continuous Galvanising Line set up at Bankura.
  • 2000: Facilities for manufacture of mosquito coils set up at Bankura.Hindusthan Seals Limited - the largest manufacturer of ROPP caps and closures in Asia.
  • 1999: Manufacturing unit set up at Bankura for manufacture of ROPP caps and mosquito coil stands.Facilities for manufacture of Mosquito Coils set up at Hyderabad.
  • 1997-98: New Unit of Manaksia Closures Private Limited for manufacture of crown closures set up at Hyderabad.New factory of Manaksia Crowns Private Limited set up at Silvassa for manufacture of crown closures.Facilities for printing of metal sheets and manufacture of stands for mosquito coils set up at Liluah.Manaksia Crowns Private Limited, Manaksia Closures Private Limited and Kunststoff Polymers Private Limited merged with Hindusthan Seals Limited.
  • 1996: Manaksia Industries Private Limited commences business initially though trading operations and then manufacturing of ROPP caps and crown closures start.
  • 1995: Overseas operations visualised at Nigeria under the name and style of Manaksia Industries Nigeria Limited.
  • 1994: Auro Enterprises Private Limited, Manaksia Containers Private Limited, R.K. Aluminium Private Limited and Mandwara Polymer Chemie Private Limited are merged with Hindusthan Seals Limited.
  • 1991-92: Kunststoff Polymers Private Limited commences manufacture of Expanded Polyethylene wads at Bhopal.
  • 1989-90: Manaksia Crowns Private Limited commences manufacture of ROPP caps and crowns at Bhopal.
  • 1988-89: Operations commence at Mandwara Polymer Chemie Private Limited factory at Haripal for the manufacture of printing ink, lacquers and varnishes.Work for setting up of new factories of Manaksia Closures Private Limited and Kunststoff Polymers Private Limited, starts at Bhopal.
  • 1986-87: Facilities of Manaksia Crowns Private Limited for manufacture of Crown Closures and facilities of Auro Enterprises Private Limited for manufacture of PP caps and printing of metal sheets, set up at Hyderabad.
  • 1984-85: Hindusthan Seals Limited incorporated as a public limited company in December 1984 to take over the assets of the proprietorship firm Hindusthan Seals. First Directors, Shri B.K. Agrawal, Shri S.K. Agrawal and Shri B.D. Agrawal. Shares of the company are listed in the Calcutta Stock Exchange.Kunststoff Polymers Private Limited, Auro Enterprises Private Limited, Manaksia Crowns Private Limited, Manaksia Closures Private Limited, Mandwara Polymer Chemie Private Limited incorporated as private limited companies.Madras (Chennai) Branch of Hindusthan Seals Limited set up.
  • 1982-83: The Delhi Branch of Hindusthan Seals set up.R.K. Aluminium Private Limited commences business in rolling of stainless steel.Manaksia Containers Private Limited commences business in manufacture of PP caps and metal containers.Aluminium & Allied Products, a proprietorship firm set up by Shri Sunil Kumar Agrawal for manufacture of stainless steel utensils at 114/99, S.N. Roy Road, Kolkata.
  • 1980-81: R.K. Aluminium Private Limited incorporated for installation of rolling mill for stainless steel at 114/99, S.N. Roy Road, Kolkata.Manaksia Containers Private Limited incorporated for manufacture of ROPP caps and metal containers at 15, B.K. Paul Temple Road, Belur, Howrah. The Hyderabad Branch of Hindusthan Seals set up. 
  • 1979: Shri B.K. Agrawal and others incorporate a private limited company under the name and style of Manaksia India (Pvt.) Limited for trading in ROPP caps. The Bombay (Mumbai) Branch of Hindusthan Seals set up.
  • 1978: Howrah Sheet & Engineering, a proprietorship firm set up by Shri M.P. Agrawal for manufacture of ROPP caps at 211, S.N. Roy Road, Kolkata.Hindusthan Sheets and Metal Works, a proprietorship firm set up by Shri B.D. Agrawal for manufacture of ROPP caps at 211, S.N. Roy Road, Kolkata. Hind Supply & Manufacturing Corporation, a proprietorship firm set up by Shri S.K. Agrawal for manufacture of ROPP caps at 211, S.N. Roy Road, Kolkata.The Bangalore Branch of Hindusthan Seals set up. 
  • 1972: Shri Basant Kumar Agrawal, an entrepreneur and visionary par excellence sets up Hindusthan Seals, a proprietorship firm at 95/1, Dharmatala Road, Salkia, Howrah for the manufacture of ROPP caps.

Awards/Achievements

The company is ISO 9001:2000 certified, it also confirm with the quality standards of KSA 9002 and ISO 9002.

You have 49 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now