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Manaksia Steels Ltd

Manaksia Steels Ltd (MANAKSTEEL)

₹63.2▲4.98%

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Overview

Fundamentals

Q3 '23 Results

Technicals

News and Events

Manaksia Steels Ltd share Performance

₹63.2
₹63.2
₹63.2
Day's Volatility:
₹36.25
₹107
₹63.2
42.64%
Low
52 Weeks Volatility:111.95%
High
69.30%

Returns %
1 Month Return	-0.82 %
3 Month Return	-29.96 %
1 Year Return	+ 57.39 %

Market Stats
Previous Close	₹₹60.20
Open	₹₹63.20
Volume	₹28.21K
Upper Circuit	₹-
Lower Circuit	₹-
Market Cap	₹₹394.51Cr

Company Information

Manaksia Steels Limited, a Flagship Company of the Manaksia Group, was founded in 2001 and is engaged in manufacturing of steel products that have acquired international recognition such as ISO 9001: 2015. The product range includes Cold Rolled Steel Sheets and Coils, Galvanized Steel Sheets and Coils, and Color Coated Steel Sheets and Coils. In 2014, a Scheme of Arrangement under Sections 391-394 of the Companies Act 1956 was sanctioned by the Honble Calcutta High Court for the demerger of Steel Undertaking from Manaksia Limited into Manaksia Steels Limited. The company has three steel plants for manufacturing Cold Rolled Coils, Galvanized Corrugated Sheets and Galvanised Plain Sheets, with an additional facility in Haldia for Colouring Coating of Galvanized Steel Sheets and Cold Rolled Aluminium Sheets. Manaksia Steels Limited has also established a subsidiary at Dubai and two companies at Nigeria for manufacturing steel long products. However, due to the COVID-19 outbreak, the company has stopped operations until local governments provide the directive when to resume.

Share Price: ₹63.20 per share as on 16 May, 2024 04:01 PM
Market Capitalisation: ₹394.51Cr as of today
Revenue: ₹133.60Cr as on December 2023 (Q4 23)
Net Profit: ₹4.81Cr as on December 2023 (Q4 23)
Listing date: 30 Mar, 2015

Organisation	Manaksia Steels Ltd
Headquarters
Industry	Steel
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Key events for Manaksia Steels Ltd

Manaksia Steels' ROCE Remains Stable at 11% - 04 Apr, 2024
Manaksia Steels has an ROCE of 11%, which is stable over the last five years. The reduction in current liabilities to 18% of total assets is good for business owners, but compared to the industry average, it falls behind.
Manaksia Steels Ltd's Share Price Drops by 29% in 30 Days - 07 Mar, 2024
Manaksia Steels Limited has experienced a drop of 29% in its share price over the past 30 days, but it has gained 64% in the last year. The company's P/E ratio is lower than the market due to poor growth or falling earnings expectations. Although earnings have been rising, it may not be enough for strong near-future share price growth.
Manaksia Steels Share Price Drops 22% in a Month - 06 Mar, 2024
Manaksia Steels Limited's share price has dropped by 22% in the last month, causing concern for shareholders. However, over the past three years, the stock price has increased by 215%, outpacing EPS growth of 5.6%. The recent pullback may be due to market optimism and only time will tell if it is justified.

Fundamentals of Manaksia Steels Ltd

Insights on Manaksia Steels Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

POSITIVE IMPACT
Retail Holding Up
Retail Investor have increased holdings from 24.37% to 24.47% in Mar 2024 quarter
POSITIVE IMPACT
Price Rise
In the last 7 days, MANAKSTEEL stock has moved up by 13.5%
NO EFFECT
Against Peers
In the last 3 years, Jindal Steel & Power Ltd has given 128.1% return, outperforming this stock by 1.8%
NO EFFECT
Promoter Holding Unchanged
Promoters holdings remained unchanged at 74.75% of holdings in Mar 2024 quarter
NO EFFECT
Against Peers
In the last 1 year, NMDC Ltd has given 149.8% return, outperforming this stock by 92.4%
NEGATIVE IMPACT
Profit Down
Netprofit is down for the last 3 quarters, 10.15 Cr → 4.81 Cr (in ₹), with an average decrease of 29.1% per quarter
NEGATIVE IMPACT
FII Holding Down
Foreign Institutions have decreased holdings from 0.88% to 0.78% in Mar 2024 quarter
NEGATIVE IMPACT
Revenue Fall
Revenue is down for the last 4 quarters, 237.25 Cr → 139.15 Cr (in ₹), with an average decrease of 16.0% per quarter