Manaksia Coated Metals & Industries Limited has informed the Exchange that Board of Directors at its meeting held on May 06, 2026, recommended Final Dividend of Rs. 0.05 per equity share.
MANAKCOAT · price
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On the reaction day the stock moved 1.2 pts less than Nifty Microcap 250 and 0.4 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Manaksia Coated Metals & Industries Limited reported strong FY2026 results with standalone revenue growing 13% to Rs. 88,446.42 lakhs from Rs. 78,162.76 lakhs. Net profit surged over 161% to Rs. 4,097.15 lakhs from Rs. 1,564.33 lakhs year-on-year, with basic EPS improving from Rs. 2.11 to Rs. 4.25. The Board recommended a final dividend of Rs. 0.05 per share (5% on face value). New auditors were appointed: Audittech 360 Financial Services as Internal Auditor and S. Chhaparia & Associates as Cost Auditor. Director remuneration increases were approved for the Managing Director, Wholetime Director, and Senior VP, subject to shareholder approval. The statutory auditor issued an unmodified (clean) opinion on both standalone and consolidated financials.
The company delivered exceptional profit growth of over 160%, significantly above typical thresholds. The small dividend payout reflects conservative cash return policy. Increases in director compensation require shareholder scrutiny as related party transactions.