Manaksia Limited is a diversified Indian multinational specializing in the manufacturing of a wide range of packaging products, including crown caps, closures, and metal containers. Founded in 1972 and listed on the Calcutta Stock Exchange in 1986, the company has grown significantly, now operating 15 manufacturing plants across India and three international facilities—two in Nigeria and one in Ghana. It holds a wholly owned subsidiary, MINL Limited, in Nigeria. The company is headquartered in Kolkata, India.
Manaksia Limited acts as an India-based holding company engaged in the manufacturing of aluminum, packaging products, and iron and steel. Its core business segments include Packaging Products, Metal Products, and Others. The company has strategically evolved by diversifying its operations across multiple product categories and expanding its geographical footprint.
The company's operations are structured into distinct segments:
- Metal Products: This segment encompasses the manufacture and sale of aluminum and steel galvanized sheets, coils, polypropylene (PP) cap, crown closures, metal containers, expanded (EP) liners, washers, and EP sheets.
- Packaging Segment: Primarily focused on the manufacture and sale of kraft paper.
- Others: This segment includes trading spare parts of machines, such as paper machines and consumables.
Manaksia Limited has diversified its activities to include the manufacturing of aluminum rolled products, secondary specification aluminum alloys, and galvanized steel. In the fast-moving consumer goods (FMCG) sector, the company serves as a dependable outsourcing partner for mosquito repellents, producing for brands like Mortein (owned by Reckitt Benckiser (India) Limited) and Maxo (owned by Jyothy Laboratories).
Manaksia Limited boasts an extensive manufacturing network with units located in Nigeria, Ghana, and India (West Bengal). Its wholly-owned subsidiary in Nigeria, MINL Limited, established in 1996, holds a leading market position in ROPP caps and crown corks within Nigeria. MINL Limited has also expanded its capabilities to manufacture galvanised steel, metal colour coated sheets and coils, and secondary specification aluminium alloys. The company further extends its global reach through subsidiary companies in Ghana (Dynatech Industries Ghana Limited) and Dubai (Euroasian Ventures FZE).
Market Capitalization: As of the latest available data, Manaksia's market capitalization stands at ₹484.36 Cr.
Stock Performance:
- 52-Week High: ₹113.8
- 52-Week Low: ₹54.52
- Weekly Change: -2.88%
- Monthly Change: +4.88%
- Yearly Change: -26.03%
- Revenue: ₹268.56 Cr (as of March 2025)
- Net Profit: ₹11.48 Cr (as of March 2025)
- Manaksia Ltd's net profit fell by -18.83% compared to the same period last year, reporting ₹11.51 Cr in Q4 FY2024-2025.
- Net sales surged by 414.81% year-on-year to ₹80.05 Cr in March 2025, though net profit declined by 59.39% to ₹3.22 Cr.
- EBITDA increased by 27.12%.
- Stock P/E: 8.00
- Book Value: ₹87.4
- ROCE (Return on Capital Employed): 16.2%
- ROE (Return on Equity): 10.7%
- Face Value: ₹2.00
- March 2023 Quarter: Declared a dividend of ₹3, translating to a dividend yield of 8.12%.
- However, the dividend payout has been low, averaging 6.14% of profits over the last 3 years.
- In FY2024, MANAKSIA LTD.'s dividend yield was 0.00%, with a payout ratio of 0.00%.
- Debt Reduction: The company has successfully reduced its debt and is considered almost debt-free.
- Sales Growth Concerns: The company has delivered a poor sales growth of -3.11% over the past five years.
- Return on Equity: A low return on equity of 7.83% has been observed over the last 3 years.
- Working Capital: Working capital days have increased from 82.8 days to 161 days.
- Recent Revenue/Profit Trends:
- Revenue has shown consistent growth over the last 4 quarters, increasing from ₹126.23 Cr to ₹276.72 Cr (in ₹), with an average quarterly increase of 22.1%.
- Net profit, however, has decreased over the last 4 quarters, falling from ₹17.04 Cr to ₹11.51 Cr (in ₹), with an average quarterly decrease of 12.2%.
- NSE: MANAKSIA
- BSE: 532932
The stock is actively traded on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), providing liquidity for investors.
Manaksia Limited represents a diversified manufacturing enterprise with a significant international operational footprint. Investors should carefully consider the mixed financial performance trends and operational challenges, alongside its market position and growth strategies, when evaluating investment opportunities.
