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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 reported strong FY2026 results with standalone revenue growing 13% to Rs 8,844.6 lakhs from Rs 7,816.3 lakhs. Net profit more than doubled to Rs 4,097.2 lakhs from Rs 1,564.3 lakhs (162% growth), driven by higher volumes and improved operational efficiency. EBITDA expanded to Rs 7,028.8 lakhs from Rs 3,118.6 lakhs. The Board recommended a final dividend of Rs 0.05 per share (5% on Rs 1 face value). Key appointments include new internal auditor Audittech 360 Financial Services and cost auditor S Chhaparia & Associates. Remuneration for Managing Director and two Wholetime Directors was increased subject to shareholder approval. The statutory auditor S.Bhalotia & Associates issued unmodified (clean) opinions on both standalone and consolidated financials.
The company delivered exceptional profit growth exceeding 160% with margin expansion, which is positive for shareholders. The small dividend signals some profit-sharing but is minimal. Higher finance costs of Rs 33.3 lakhs vs Rs 8.8 lakhs last year bear watching. Clean audit opinions provide comfort on financial reporting quality.