Manaksia Coated Metals & Industries Limited has informed the Exchange regarding a press release dated November 03, 2025, titled "Manaksia Coated Metals & Industries signs MOU s amounting to ₹500 Cr with certain European clients".
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Awaiting price reaction for this filing.
Manaksia Coated Metals & Industries has signed MoUs with European clients worth ₹500 crore, covering supply of up to 50,000 metric tonnes of pre-painted steel coils, Alu-Zinc coated coils, and galvanized steel products over the next 12 months. Exports already contributed 70% of revenues in H1 FY26, and these new deals are expected to further boost the export share. The company is also ramping up capacity, with ALU-ZINC capacity rising to 180,000 MT and a new Color Coating Line taking total capacity to 236,000 MT. Additionally, Acuité has upgraded its long-term credit rating from A(-) to A, and short-term from A2 to A1. In FY25, the company reported Total Income of ₹789.66 Cr, EBITDA of ₹63.01 Cr, and Net Profit of ₹15.39 Cr.
Positive for shareholders — the ₹500 Cr export pipeline provides strong revenue visibility, while the credit rating upgrade and capacity expansion signal improving financial health and growth potential. Likely to boost investor sentiment on the stock.