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

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IN:MANAKCOAT

Manaksia Coated Metals & Industries Ltd

(NSE:MANAKCOAT)

Select Model
Rating:73Outperform
Price Target:INR 191.00â–²(11.27% Upside)
Action:reiterated
Date:10/30/26

Strong financial performance with revenue growth and improved balance sheet is the primary driver, reinforced by bullish technical indicators, while valuation metrics provide a moderate offset.

Positive Factors
Revenue and earnings growthStrong annual revenue and net-income growth indicates improving operating performance and customer demand. If maintained, the larger earnings base can support reinvestment, strengthen internal funding capacity, and improve the company’s ability to compound results over the next several quarters.
Negative Factors
Negative operating and free cash flowThe sharp cash-flow reversal shows that reported profit did not translate into cash during the latest year. Persistent weak conversion could increase reliance on external funding, constrain investment flexibility, and undermine the durability of the recent earnings improvement.

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

-40%-30%-20%-10%0%10%20%30%IN:MANAKCOAT+20.67%INDA-5.86%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
INR 18.32B
Dividend Yield
0.03%
Average Volume (3M)
38.39K
Price to Earnings (P/E)
38.7
Beta (1Y)
1.33
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...

Manaksia Coated Metals & Industries Ltd Financial Statement Overview

Summary

Strong revenue and net income growth alongside balance sheet strengthening through lower debt, tempered by cash flow volatility.

Income Statement

78Positive

Balance Sheet

85Very Positive

Cash Flow

52Neutral
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue9.95B8.84B7.82B7.40B6.52B6.49B
Gross Profit2.53B2.00B1.70B921.99M732.57M1.09B
EBITDA992.09M922.07M630.09M523.93M390.70M385.10M
Net Income455.54M406.88M153.88M112.37M93.59M86.25M
Balance Sheet
Total Assets8.93B7.55B6.46B5.37B5.48B4.84B
Cash, Cash Equivalents and Short-Term Investments447.13M339.04M250.60M220.25M201.27M235.34M
Total Debt1.85B1.15B1.45B1.78B1.90B1.78B
Total Liabilities5.08B4.06B4.19B3.85B4.29B3.75B
Stockholders Equity3.85B3.49B2.27B1.52B1.19B1.09B
Cash Flow
Free Cash Flow0-795.59M82.62M138.54M-25.31M218.44M
Operating Cash Flow0-360.95M299.77M215.67M81.35M-126.13M
Investing Cash Flow0-186.94M-203.49M-61.89M-79.96M87.67M
Financing Cash Flow0539.45M-101.02M-156.02M-56.19M56.55M

Manaksia Coated Metals & Industries Ltd Technical Analysis

Technical Analysis SentimentPositive
Last Price171.65

Price Trends

50DMA133.31Positive
100DMA126.63Positive
200DMA119.04Positive

Market Momentum

MACD11.17Negative
RSI71.95Negative
STOCH81.22Negative

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 171.65 is above the 20-day moving average (MA) of 143.12, above the 50-day MA of 133.31, and above the 200-day MA of 119.04, indicating a bullish trend. The MACD of 11.17 indicates Negative momentum. The RSI at 71.95 is Negative, neither overbought nor oversold. The STOCH value of 81.22 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
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
IN:BALUFORGEIN:BALUFORGE74OutperformINR 64.67B22.66―0.03%30.79%22.38%
IN:MANAKCOATIN:MANAKCOAT73OutperformINR 20.36B38.68―0.03%12.70%4.68%
IN:ALICONIN:ALICON63NeutralINR 16.08B43.67―0.51%13.71%0.15%
IN:MMFLIN:MMFL62NeutralINR 33.08B23.91―0.58%21.52%44.72%
IN:PTCILIN:PTCIL62NeutralINR 387.08B290.82――94.13%126.44%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
IN:SUNCLAYIN:SUNCLAY43NeutralINR 24.35B9.17―0.40%8.76%―

* General Sector Average

Performance Comparison

0%50%100%IN:MANAKCOATIN:ALICONIN:BALUFORGEIN:MMFLIN:PTCILIN:SUNCLAYDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
IN:MANAKCOAT and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
IN:MANAKCOATManaksia Coated Metals & Industries Ltd171.6531.7122.66%
IN:ALICONAlicon Castalloy Limited979.5094.7110.70%
IN:BALUFORGEBalu Forge Industries Ltd549.85-55.07-9.10%
IN:MMFLMM Forgings Limited685.15378.82123.67%
IN:PTCILPTC Industries Ltd24425.657111.6041.07%
IN:SUNCLAYSundaram-Clayton Limited1104.60-205.60-15.69%

Manaksia Coated Metals & Industries Ltd Corporate Events

Manaksia Coated Metals Raises ₹149.998 Crore Through QIP

Nov 5, 2026

Manaksia Coated Metals & Industries Ltd., a listed company in the coated-metals industry, completed a qualified institutional placement of 11,999,847 equity shares. The shares were issued at ₹125 each, a 1.58% discount to the ₹127.01 floor price, rai...

Manaksia Coated Metals Raises ₹150 Crore Through QIP

Nov 5, 2026

Manaksia Coated Metals & Industries operates in the coated metals industry, manufacturing coated steel and related metal products for construction and industrial markets. The company is listed on Indian stock exchanges, with the disclosure focused on...

Manaksia Coated Metals raises ₹150 crore through fully subscribed QIP

Nov 5, 2026

Manaksia Coated Metals & Industries Limited, a manufacturer and exporter of coated steel products, has raised ₹150 crore through a fully subscribed Qualified Institutional Placement. Participation from reputed institutional investors indicates confid...

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 and N...

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 committ...

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 the...

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