Manaksia Coated Metals & Industries Ltd (MANAKCOAT) AI Stock Analysis

Manaksia Coated Metals & Industries Ltd

(NSE:MANAKCOAT)

Select Model

Rating:57Neutral

Price Target:INR 153.00▲(9.29% Upside)

Action:reiterated

Date:10/30/26

The score is driven mainly by mixed financial performance: profitability and leverage improved, but negative operating and free cash flow in 2026 is a significant risk. Technicals are supportive due to an established uptrend, though overbought signals temper the outlook. Valuation is a headwind given the elevated P/E, with the dividend yield offering limited support.

Positive Factors

Revenue and profit growthStrong 2026 revenue and earnings growth indicates improved operating performance, cost control, and/or product mix. If the company sustains these gains, higher earnings can support reinvestment and strengthen its ability to compete across coated-metal applications.

Negative Factors

Negative cash conversionThe sharp reversal to negative operating and free cash flow shows that reported profit did not convert into cash in 2026. Persistent weakness would reduce internally generated funding, potentially increase reliance on financing, and undermine the durability of recent earnings improvement.

Manaksia Coated Metals & Industries Ltd (MANAKCOAT) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 12.74B
Dividend Yield: 0.04%
Average Volume (3M): 30.48K
Price to Earnings (P/E): 35.1
Beta (1Y): 1.29
Revenue Growth: 12.70%
EPS Growth: 4.68%
Country: India
Employees: 294
Sector: General
Sector Strength: 55
Industry: Manufacturing - Metal Fabrication

Manaksia Coated Metals & Industries Ltd Business Overview & Revenue Model

Company Description

Manaksia Coated Metals & Industries Limited (MCMIL) specializes in the production and global distribution of both coated metal materials and various household consumer products. The company's metal segment provides galvanized and pre-painted steel sh...

How the Company Makes Money

MANAKCOAT primarily makes money by manufacturing and selling coated metal products, with revenue largely tied to (1) sales volume and (2) the spread/margin between input costs (mainly hot-rolled or cold-rolled steel coil and coating materials such as...

Manaksia Coated Metals & Industries Ltd Financial Statement Overview

Summary

Income statement and balance sheet show improvement (higher revenue, stronger margins, and lower leverage), but 2026 cash flow is a major weakness with negative operating cash flow and deeply negative free cash flow, raising concerns about earnings-to-cash conversion and near-term funding needs.

Income Statement

74Positive

Balance Sheet

71Positive

Cash Flow

36Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	8.97B	8.84B	7.82B	7.40B	6.52B	6.49B
Gross Profit	2.09B	2.00B	1.70B	921.99M	732.57M	1.09B
EBITDA	917.51M	922.07M	630.09M	523.93M	390.70M	385.10M
Net Income	407.81M	406.88M	153.88M	112.37M	93.59M	86.25M
Balance Sheet
Total Assets	0	7.55B	6.46B	5.37B	5.48B	4.84B
Cash, Cash Equivalents and Short-Term Investments	339.04M	339.04M	250.60M	220.25M	201.27M	235.34M
Total Debt	0	1.15B	1.45B	1.78B	1.90B	1.78B
Total Liabilities	-3.49B	4.06B	4.19B	3.85B	4.29B	3.75B
Stockholders Equity	3.49B	3.49B	2.27B	1.52B	1.19B	1.09B
Cash Flow
Free Cash Flow	-273.21M	-795.59M	82.62M	138.54M	-25.31M	218.44M
Operating Cash Flow	-149.36M	-360.95M	299.77M	215.67M	81.35M	-126.13M
Investing Cash Flow	-115.10M	-186.94M	-203.49M	-61.89M	-79.96M	87.67M
Financing Cash Flow	257.27M	539.45M	-101.02M	-156.02M	-56.19M	56.55M

Manaksia Coated Metals & Industries Ltd Technical Analysis

Technical Analysis SentimentPositive

Last Price140.00

Price Trends

50DMA126.96Positive

100DMA122.08Positive

200DMA117.73Positive

Market Momentum

MACD2.50Negative

RSI60.79Neutral

STOCH85.11Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MANAKCOAT, the sentiment is Positive. The current price of 140.00 is above the 20-day moving average (MA) of 128.83, above the 50-day MA of 126.96, and above the 200-day MA of 117.73, indicating a bullish trend. The MACD of 2.50 indicates Negative momentum. The RSI at 60.79 is Neutral, neither overbought nor oversold. The STOCH value of 85.11 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:MANAKCOAT.

Manaksia Coated Metals & Industries Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:MANAKCOAT against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:BALUFORGE	66Neutral	INR 52.02B	18.22	―	0.03%	30.79%	22.38%
IN:ALICON	65Neutral	INR 13.79B	37.55	―	0.60%	13.71%	0.15%
IN:MMFL	62Neutral	INR 23.18B	20.62	―	0.83%	9.58%	2.00%
IN:PTCIL	62Neutral	INR 380.01B	285.81	―	―	94.62%	103.35%
IN:MANAKCOAT	57Neutral	INR 14.93B	35.05	―	0.04%	12.70%	4.68%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:SUNCLAY	34Underperform	INR 22.53B	9.00	―	0.43%	-3.88%	―

* General Sector Average

Performance Comparison

IN:MANAKCOAT and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:MANAKCOAT	Manaksia Coated Metals & Industries Ltd	140.00	-21.88	-13.52%
IN:ALICON	Alicon Castalloy Limited	840.00	-114.93	-12.04%
IN:BALUFORGE	Balu Forge Industries Ltd	442.30	-194.61	-30.56%
IN:MMFL	MM Forgings Limited	480.10	169.66	54.65%
IN:PTCIL	PTC Industries Ltd	23979.25	6588.80	37.89%
IN:SUNCLAY	Sundaram-Clayton Limited	1021.85	-501.30	-32.91%

Manaksia Coated Metals & Industries Ltd Corporate Events

Manaksia Coated Metals files CARE monitoring report on Rs 134.55 crore issue

Oct 28, 2026

Manaksia Coated Metals & Industries Ltd, a listed coated metals and industrial materials company, relies on capital market instruments such as preferential and rights issues to support its operations and growth. Its securities trade on both BSE a...

Manaksia Coated Metals Schedules Board Meet, Extends Trading Window Closure

Oct 17, 2026

Manaksia Coated Metals & Industries Ltd has scheduled a board meeting on 28 October 2026 to consider and approve its unaudited financial results for the second quarter and half year ended 30 September 2026, following prior review by its audit com...

Manaksia Coated Metals Schedules Virtual Analyst Meet for GIA Metals Day

Sep 24, 2026

Manaksia Coated Metals & Industries Ltd has announced that its officials will participate in a virtual analyst and investor meeting as part of GIA Metals Day on Tuesday, 29 September 2026 at 2:00 p.m. The company has notified stock exchanges that...

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 30, 2026

Manaksia Coated Metals & Industries Ltd AI Stock Analysis