Manaksia Steels Limited, the flagship company of the Manaksia Group, is a multi-location, multi-product, light engineering company operating in the metal products and metal formation sector. Incorporated on June 7, 2001, it is an ISO 9001:2015 accredited company with its registered office located in Kolkata, West Bengal.
The company maintains an active status and functions as a public non-government entity engaged in manufacturing specialized steel products. Manaksia Steels emerged as an independent company through a demerger process, with the Calcutta High Court sanctioning the scheme of arrangement in March 2014. This demerger separated the steel undertaking from Manaksia Limited, and the company's shares were subsequently listed on both NSE and BSE on March 30, 2015.
Manaksia Steels operates through its metals segment, focusing on value-added flat steel products catering to critical infrastructure and construction needs. The company's primary products include:
- Cold rolled steel sheets and coils
- Hot dipped galvanized steel sheets and coils
- Color coated steel sheets and coils
The company's cold-rolled steel products are widely used in downstream industries such as automobiles, home electronic appliances, and as raw materials for hot-dipped galvanized and pre-painted steel products. Manaksia manufactures hot-dipped galvanized steel sheets and coils specifically for the building materials, white goods, and electronic appliance industries. Additionally, the company operates various profile lines and corrugation machines capable of producing profile sheets like trapezoidal, tile roof profile, and sinusoidal profile sheets.
The company operates three steel plants for manufacturing cold-rolled coils, galvanized corrugated sheets, and galvanized plain sheets. It also has an additional facility in Haldia dedicated to the color coating of galvanized steel sheets and cold-rolled aluminum sheets.
- Production Capacity: 8,000 MT per month for cold-rolled coils and 5,000 MT for coated steel products.
- Annual Capacity: Approximately 60,000 MT for pre-painted sheets.
In a significant expansion move, Manaksia Steels launched its Aluzinc line at the Haldia plant with an investment of ₹85 crore, adding 1,10,200 TPA capacity starting from June 10, 2025. This strategic investment underscores the company's commitment to broadening its product portfolio and meeting escalating market demand.
#### FY 2025 Results
For the full year ended March 2025, Manaksia Steels reported a net profit decline of 65.64% to ₹9.75 crore, down from ₹28.38 crore in the previous year. Sales also decreased by 6.87% to ₹634.26 crore from ₹681.07 crore in FY 2024.
#### Q4 FY25 Performance
In the quarter ended March 2025, net profit saw a rise of 4.43% to ₹4.71 crore compared to ₹4.51 crore in the corresponding quarter of the previous year. Sales increased by 25.31% to ₹204.14 crore from ₹162.91 crore.
#### Recent Quarterly Trends
The company's financial performance has exhibited mixed results across recent quarters. For the quarter ended December 2024, net profit declined by 51.77% to ₹2.32 crore compared to ₹4.81 crore in the same period of the previous year. However, sales showed a positive trend, rising by 20.12% to ₹160.48 crore.
As of April 2025, Manaksia Steels Ltd holds a market capitalization of ₹455 crore. The promoter holding stands at 74.8%, indicating robust promoter confidence in the business. The company maintains a debt-free status with a strong balance sheet, enabling stable earnings growth across business cycles.
The stock has displayed resilience with a 21.12% increase over the past year as of April 2025. The 52-week trading range for the stock has been between ₹43.05 (low) and ₹77.14 (high), reflecting the typical volatility characteristic of the steel sector.
Manaksia Steels continues to prioritize operational excellence and capacity expansion. The company's recent investment in Aluzinc technology marks a strategic move to diversify its product offerings and tap into higher-value market segments. Furthermore, it has established subsidiaries in Dubai and two companies in Nigeria for manufacturing steel long products, although operations faced temporary disruptions due to COVID-19.
The inherent cyclical nature of the steel industry, combined with the company's focus on infrastructure and housing sectors, positions Manaksia Steels to benefit from India's ongoing urbanization and infrastructure development initiatives. With its debt-free balance sheet and established manufacturing capabilities, Manaksia Steels appears well-placed to navigate market challenges while pursuing growth opportunities in both domestic and international markets.
