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Manaksia Steels Ltd

NSE: MANAKSTEEL BSE: 539044

55.56

(-1.72%)

Fri, 13 Mar 2026, 03:12 am

Manaksia Steels Analysis

dividend

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Pros

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    Cons

    • Unable to evaluate Manaksia Steels's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
    • Unable to evaluate Manaksia Steels's dividend against the top 25% market benchmark as the company has not reported any payouts.

    health

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    Pros

    • Manaksia Steels is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
    • Manaksia Steels is profitable, therefore cash runway is not a concern.
    • Manaksia Steels is profitable, therefore cash runway is not a concern.
    • Debt is well covered by operating cash flow (400.8%, greater than 20% of total debt).
    • Debt is covered by short term assets, assets are 12.8x debt.
    • Manaksia Steels's cash and other short term assets cover its long term commitments.
    • The level of debt compared to net worth has been reduced over the past 5 years (44.4% vs 8.8% today).
    • Manaksia Steels earns more interest than it pays, coverage of interest payments is not a concern.
    • Manaksia Steels's level of debt (8.8%) compared to net worth is satisfactory (less than 40%).
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    Cons

    • High level of physical assets or inventory.

    management

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    Pros

    • The tenure for the Manaksia Steels board of directors is about average.
    • The tenure for the Manaksia Steels management team is about average.
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    Cons

    • Vineet's remuneration is higher than average for companies of similar size in India.
    • Vineet's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

    misc

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    Pros

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      Cons

      • Manaksia Steels is not covered by any analysts.
      • Manaksia Steels has significant price volatility in the past 3 months.

      past

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      Pros

      • Manaksia Steels's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
      • Manaksia Steels has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
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      Cons

      • Manaksia Steels's 1-year earnings growth is negative, it can't be compared to the 5-year average.
      • Manaksia Steels used its assets less efficiently than the IN Metals and Mining industry average last year based on Return on Assets.
      • Manaksia Steels has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
      • Manaksia Steels's 1-year earnings growth is negative, it can't be compared to the IN Metals and Mining industry average.

      value

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      Pros

      • Manaksia Steels's share price is below the future cash flow value, and at a moderate discount (> 20%).
      • Manaksia Steels's share price is below the future cash flow value, and at a substantial discount (> 40%).
      • Manaksia Steels is good value based on assets compared to the IN Metals and Mining industry average.
      • BSE:539044 is up 31% outperforming the Metals and Mining industry which returned 7.5% over the past month.
      • BSE:539044 is up 31% outperforming the market in India which returned 8% over the past month.
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      Cons

      • Manaksia Steels is overvalued based on earnings compared to the IN Metals and Mining industry average.
      • Manaksia Steels is overvalued based on earnings compared to the India market.
      • 539044 underperformed the Metals and Mining industry which returned -28.6% over the past year.
      • 539044 underperformed the Market in India which returned -14.5% over the past year.

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      Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800