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MANAKCOAT · price
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Manaksia Coated Metals & Industries Ltd reported strong FY2026 results with standalone revenue of Rs. 8,845 Lacs, up 13% from Rs. 7,816 Lacs in FY2025. Net profit surged 162% to Rs. 409.7 Lacs from Rs. 156.4 Lacs, with EPS improving to Rs. 4.25 from Rs. 2.11. The Board approved audited financials with unmodified opinion from S.Bhalotia & Associates. A final dividend of Rs. 0.05 per share (5%) was recommended. The company appointed new internal auditor (Audittech 360) and re-appointed cost auditor (S. Chhaparia & Associates). Key director changes include re-appointment of Mr. Addanki Venkata Srinarayana as Wholetime Director and proposed remuneration increases for Managing Director, Wholetime Director, and Senior VP.
The company delivered exceptional profit growth of over 160% YoY, indicating strong operational performance. The clean audit opinion and modest dividend signal financial stability. Management remuneration increases subject to shareholder approval suggest alignment of interests.