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NSE:MANAKCOAT

MAN COAT METAL & IND LTD

Capital Goods › Industrial Products
₹132.50
at close · 28 Oct 2026
▲ 4.60 (+3.60%)

Latest filings

Next results: Wed, 28 Oct · Financial Results
  1. CARE reports full use of proceeds after Rs 9.75 crore warrant forfeiture · Compliance
  2. Q2 profit rises 34%; higher borrowing limit proposed · Results
  3. Revenue up 44.6%, net profit up 34%; higher borrowing limit proposed · Results
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures coated and pre-painted steel products, with the Metal Products segment (Aluminium-Zinc coated steel and pre-painted steel coils and sheets) accounting for 98.5% of FY26 segment revenue at Rs 871.51 crore, and 'others' contributing the remaining 1.5%. In FY26 the company produced 1,03,036 MT of galvanized/Alu-Zinc and 83,594 MT of pre-painted steel, with pre-painted now making up 80% of quantity sold. Aluminium-Zinc coating capacity was raised 36% to 1.8 lakh MT after the December 2025 line upgrade, and a second colour-coating line (taking pre-painted capacity from 86,000 TPA to 236,000 TPA, a 174% step-up) and a 7 MW captive solar plant are both targeted for Q2 FY27 commissioning. Sales are heavily export-oriented: exports were 65% of Q1 FY27 volume and 68.21% of FY26 revenue, with a Q1 FY27 order book of Rs 450 crore. Raw materials (steel) dominate the cost base at 76.4% of revenue, with employees at 2.0% and other operating expenses at 14.5%.

Revenue mix · reported segments
Metal Products98.5%
Others1.5%
Operating scale
Alu-Zinc coating capacity
1.8 lakh MTpost Dec-25 upgrade
Pre-Painted capacity (post CCL2)
236,000 TPAQ2 FY27 target
FY26 galvanized/Alu-Zinc production
1,03,036 MTFY26
FY26 pre-painted production
83,594 MTFY26
Export share of revenue
68.21%FY26
Order book
INR 450 crQ1 FY27
Who pays it
B2B buyers in construction, roofing, infrastructure, home appliances and automotive end-uses, predominantly overseas (Americas, Europe, Africa, Middle East).
Biggest cost
Raw materials (steel) at 76.4% of revenue.
Kind of business
Cyclical, commodity-linked coated steel manufacturer with high export orientation and a premiumising mix shift toward pre-painted product.
Where it sits
Self-described smaller player in the Indian Alu-Zinc and pre-painted steel segment with significant headroom to grow.
Market Cap
₹1,413 Cr
P / E (TTM)
31.7×
EV / EBITDA
16.5×
Div Yield
—
Growth
14.7%▲
Revenue 5y CAGR
PAT +47.4% · EBITDA +20.8%
Quality
17.3%▲
ROCE (5y median)
ROE 7.8% (5y median) · margin 10.4%
Leverage
0.33·
Debt / Equity · low
Net debt ₹114 Cr
Revenue FY21→FY26
2.0×▲
Margin +3.3 pts
₹446 Cr → ₹884 Cr
Cash conversion
0.45×▼
Operating cash ÷ profit · 5 yrs
₹38 Cr on ₹85 Cr
Moves on a normal day
1.38%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 123 Iron & Steel Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#78/105
P/B#86/101
ROCE#44/115
ROE#33/103
Debt / Equity#67/101
EBITDA margin#50/100
Revenue growth#60/97
Profit growth#72/105

Scorecard

Measured from the filed financials, judged against its Iron & Steel Products peers · as of FY26 — not investment advice

Strengths
Revenue compounding 15% a year over 5 years
Profit compounding 47% a year over 5 years
Profit grew in every one of the last 5 years
Returns on capital 17.3% (5-year median)
#44 of 115 in Iron & Steel Products on the latest reported figures · up from 12.0% in FY21
Concerns
Over 5 years it reported ₹85 Cr of profit and ₹38 Cr of operating cash — 0.45×
Less than 60p of every ₹1 of profit arrived as cash
EPS grew slower than profit — the share count rose (bonus or dilution)

Charts

How has the market priced it — with filings on the timeline?

MANAKCOAT · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from MAN COAT METAL & IND LTD's filed financials and exchange disclosures

What does MAN COAT METAL & IND LTD do?

MAN COAT METAL & IND LTD is a Industrial Products company listed on NSE and BSE, trading under the symbol MANAKCOAT.

Is MAN COAT METAL & IND LTD profitable?

Yes. Over the trailing twelve months MAN COAT METAL & IND LTD reported a net profit of ₹41 Cr on revenue of ₹897 Cr.

Does MAN COAT METAL & IND LTD pay a dividend?

Not in the latest reported year — MAN COAT METAL & IND LTD's dividend payout for FY26 was nil.

Is MAN COAT METAL & IND LTD debt-free?

No. It reported borrowings of ₹115 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹114 Cr after cash. Debt stands at 0.33× equity. That is higher than 66% of its 101 Iron & Steel Products peers.

Is MAN COAT METAL & IND LTD expensive compared with its peers?

On trailing P/E, MAN COAT METAL & IND LTD ranks 78 of 105 in Iron & Steel Products — cheaper than 26% of them, against an industry median of 15.4×. This is a position, not a valuation judgement.

How much does the MAN COAT METAL & IND LTD share price move in a day?

On a typical session MAN COAT METAL & IND LTD moves 1.38% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are MAN COAT METAL & IND LTD's next results?

Financial Results on Wed, 28 Oct. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track MAN COAT METAL & IND LTD's announcements?

Every NSE and BSE filing by MAN COAT METAL & IND LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.