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Manaksia Aluminium Company Ltd (MANAKALUCO) AI Stock Analysis

IN:MANAKALUCO

Manaksia Aluminium Company Ltd

(NSE:MANAKALUCO)

Select Model
Rating:45Neutral
Price Target:INR 28.00â–¼(-2.88% Downside)
Action:reiterated
Date:10/22/26

The score is held back primarily by weak financial quality—rising leverage alongside thin margins and persistently negative free cash flow. Technicals add further pressure as the stock is in a clear downtrend with negative momentum, despite oversold readings. Valuation is only neutral (moderate P/E and very low dividend yield) and does not materially offset the fundamental and technical risks.

Positive Factors
Revenue RecoveryRevenue recovery to 5.64B and year-over-year growth indicate improving demand or shipment volumes in the company’s aluminium products business. Continued sales expansion would support better operating leverage and provide a foundation for rebuilding earnings over the next several quarters.
Negative Factors
Elevated LeverageRising debt relative to equity increases the financial burden on a low-margin manufacturing business. Higher leverage can absorb more operating cash through financing needs, reduce flexibility for capacity or efficiency investments, and make the balance sheet more vulnerable when aluminium earnings are under pressure.

Manaksia Aluminium Company Ltd (MANAKALUCO) vs. iShares MSCI India ETF (INDA)

-25%0%25%50%75%100%125%150%IN:MANAKALUCO+3.10%INDA-11.66%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
INR 2.61B
Dividend Yield
0.18%
Average Volume (3M)
13.31K
Price to Earnings (P/E)
21.2
Beta (1Y)
1.33
Revenue Growth
1.29%
EPS Growth
28.42%
Country
India
Employees
304
Sector
General
Sector Strength
55
Industry
Aluminum

Manaksia Aluminium Company Ltd Business Overview & Revenue Model

Company Description

Established in 2010 and headquartered in Kolkata, India, Manaksia Aluminium Company Limited specializes in the production and distribution of various aluminum products. While its primary sales focus is within India, the company also boasts an interna...

How the Company Makes Money

MANAKALUCO makes money primarily by manufacturing and selling value-added aluminium products to industrial customers (B2B). Its core revenue model is based on: (1) Sales of processed aluminium products: The company purchases aluminium (or aluminium i...

Manaksia Aluminium Company Ltd Financial Statement Overview

Summary

Revenue recovery and steady operating profitability are positives, but overall financial quality is constrained by very thin net margins (~1.3%), rising leverage (debt-to-equity ~1.69), and weak cash conversion with consistently negative free cash flow.

Income Statement

58Neutral

Balance Sheet

44Neutral

Cash Flow

31Negative
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue5.69B5.64B5.09B4.32B4.83B4.38B
Gross Profit1.38B1.26B1.51B527.85M1.19B1.22B
EBITDA498.92M481.74M439.22M327.84M315.88M244.01M
Net Income88.49M75.56M60.46M50.86M88.66M74.56M
Balance Sheet
Total Assets05.51B5.04B4.18B3.79B3.72B
Cash, Cash Equivalents and Short-Term Investments181.22M181.22M262.67M1.15M980.00K4.56M
Total Debt02.41B2.39B1.72B1.46B1.29B
Total Liabilities-1.42B4.09B3.69B2.88B2.54B2.56B
Stockholders Equity1.42B1.42B1.35B1.30B1.25B1.16B
Cash Flow
Free Cash Flow-206.07M-42.39M-306.88M-102.97M-21.98M-26.52M
Operating Cash Flow-115.12M127.29M9.69M60.58M132.98M79.20M
Investing Cash Flow-92.02M-189.18M-332.55M-106.53M-155.75M-125.47M
Financing Cash Flow138.98M16.01M391.19M46.12M22.07M46.56M

Manaksia Aluminium Company Ltd Technical Analysis

Technical Analysis SentimentNegative
Last Price28.83

Price Trends

50DMA34.42Negative
100DMA35.92Negative
200DMA34.87Negative

Market Momentum

MACD-1.74Negative
RSI35.51Neutral
STOCH35.74Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MANAKALUCO, the sentiment is Negative. The current price of 28.83 is below the 20-day moving average (MA) of 30.42, below the 50-day MA of 34.42, and below the 200-day MA of 34.87, indicating a bearish trend. The MACD of -1.74 indicates Negative momentum. The RSI at 35.51 is Neutral, neither overbought nor oversold. The STOCH value of 35.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MANAKALUCO.

Manaksia Aluminium Company Ltd Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

IN:MANAKALUCO against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
IN:NATIONALUMIN:NATIONALUM86OutperformINR 577.80B8.55―3.65%9.02%17.83%
IN:HINDALCOIN:HINDALCO66NeutralINR 2.01T11.98―0.56%20.28%-3.12%
IN:ARFININ:ARFIN64NeutralINR 15.14B82.10―0.26%22.00%155.42%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
IN:GOYALALUMIN:GOYALALUM50NeutralINR 783.60M16.31――2.69%122.58%
IN:MANAKALUCOIN:MANAKALUCO45NeutralINR 1.89B21.18―0.18%1.29%28.42%
IN:MAANALUIN:MAANALU41NeutralINR 5.25B35.66――-1.80%-10.89%

* General Sector Average

Performance Comparison

0%50%100%IN:MANAKALUCOIN:GOYALALUMIN:HINDALCOIN:MAANALUIN:NATIONALUMIN:ARFINDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
IN:MANAKALUCO and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
IN:MANAKALUCOManaksia Aluminium Company Ltd28.830.873.10%
IN:GOYALALUMGoyal Aluminiums Limited5.49-1.60-22.57%
IN:HINDALCOHindalco Industries Limited893.0066.368.03%
IN:MAANALUMaan Aluminium Limited87.50-59.70-40.56%
IN:NATIONALUMNational Aluminium Co. Ltd.314.6089.3639.67%
IN:ARFINArfin India Ltd89.7134.9063.67%

Manaksia Aluminium Company Ltd Corporate Events

Manaksia Aluminium Confirms Fully Reconciled Share Capital for September 2026 Quarter

Oct 12, 2026

Manaksia Aluminium Company Limited, an aluminium sector player with equity shares listed on BSE and NSE, maintains an issued capital of 65,534,050 shares with a face value of Re 1 each. Its shareholding structure is predominantly dematerialised via C...

Manaksia Aluminium Files Minutes of 16th AGM Held Via Video Conferencing

Oct 5, 2026

Manaksia Aluminium Company Limited reported that it held its 16th Annual General Meeting on September 22, 2026, at its registered office in Kolkata, conducted entirely through video conferencing and other audio-visual means in line with Ministry of C...

Manaksia Aluminium Board Clears Q1 FY27 Results, Sets AGM and Dividend Record Date

Aug 11, 2026

Manaksia Aluminium Company Ltd has approved its unaudited financial results for the quarter ended June 30, 2026, which will be published in newspapers and on the company’s website in line with listing regulations. The board meeting, held on Aug...

Manaksia Aluminium Board Clears Q1 Results, Sets AGM and Dividend Record Dates

Aug 11, 2026

Manaksia Aluminium Company Ltd’s board has approved the unaudited financial results for the quarter ended 30 June 2026, which will be published in newspapers and on the company’s website as required by Indian securities regulations. The b...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 22, 2026