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%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Metal Products (99%), Others (2%). Cyclical, commodity-linked coated steel manufacturer with high export orientation and a premiumising mix shift toward pre-painted product.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 648 | 652 | 740 | 782 | 884 |
| EBITDA (ex other income) | 35 | 37 | 50 | 55 | 80 |
| margin % | 5.4 | 5.7 | 6.8 | 7.0 | 9.1 |
| Owners' profit | 0 | 9 | 11 | 15 | 0 |
| EPS, as reported (₹) | 1.32 | 1.43 | 1.67 | 2.07 | 4.41 |
| ROE % · ROCE % | 7.9 · 16.3 | 7.8 · 15.6 | 7.4 · 20.5 | 6.8 · 17.3 | 11.7 · 18.7 |
| Debt / equity (x) | 1.53 | 1.53 | 1.17 | 0.63 | 0.33 |
| Cash from operations | (13) | 8 | 22 | 30 | (9) |
| Capex | (7) | (11) | (8) | (22) | (43) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 175 | 205 | 208 | 250 | 220 | 187 | 227 | 262 |
| Profit before tax | 3 | 7 | 7 | 19 | 19 | 10 | 6 | 19 |
| Net profit | 2 | 5 | 5 | 14 | 14 | 7 | 5 | 14 |
| EPS (₹) | 0.32 | 0.67 | 0.68 | 1.47 | 1.45 | 0.74 | 0.66 | 1.33 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Metal Products | 224 | 25.4 |
| Others | 10 | 1.1 |
| Metals | 184 | 20.8 |
| Other | 3 | 0.4 |
| Metals Products | 463 | 52.4 |
| Total, before eliminations | 884 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| WELSPUN CORP LIMITED | 70,880 | 30.7 | 7.54 | 30.2 | 17.2 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 4 Sept 2026 · Manaksia Coated Metals AGM 2026: all 11 resolutions passed, Rs 0.05 dividend declared | board shareholder meetings | low | — | — |
| 3 Sept 2026 · 16th AGM: 5% Final Dividend Declared, Director Re-appointments Approved | board shareholder meetings | low | — | — |
| 13 Aug 2026 · Newspaper publication for 16th AGM notice and Annual Report | compliance | minimal | — | — |
| 12 Aug 2026 · Manaksia Coated Metals files AGM notice and FY26 annual report | board shareholder meetings | low | — | — |
| 12 Aug 2026 · AGM notice for September 3, 2026 submitted along with FY26 annual report | board shareholder meetings | medium | — | — |
| 7 Aug 2026 · Newspaper publication for 16th AGM filed with stock exchanges | compliance | minimal | — | — |
| 4 Aug 2026 · 20 lakh warrants lapse, Rs 3.25 cr application money forfeited | fund raising | high | — | — |
| 28 Jul 2026 · Newspaper ads filed on special window for re-lodging physical share transfers | compliance | minimal | — | — |
| 23 Jul 2026 · NCLT merger petition notice published - JPA Snacks to merge with company | compliance | minimal | — | — |
| 18 Jul 2026 · Manaksia Coated Metals Q1 FY27 earnings call transcript; strong margin recovery | investor communications | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| 14.9 |
| 21.1 |
| 18.5 |
| APL APOLLO TUBES LTD | 59,803 | 48.6 | 11.29 | 31.1 | 22.7 | 26.1 | 22.1 | 8.0 |
| SHYAM METALICS AND ENGY L | 29,979 | 26.8 | 2.43 | 12.2 | 8.6 | 11.4 | 24.1 | 14.9 |
| JINDAL SAW LIMITED | 20,016 | 30.5 | 1.63 | 10.5 | 7.5 | 6.8 | 10.9 | 9.4 |
| RATNAMANI MET & TUB LTD. | 19,815 | 45.8 | 4.71 | 23.1 | 12.7 | 15.6 | 14.4 | 18.5 |
| GODAWARI POW & ISP LTD | 15,875 | 18.6 | 2.71 | 12.0 | 13.7 | 17.0 | 5.7 | 21.0 |
| USHA MARTIN LTD. | 15,069 | 29.7 | 4.56 | 19.8 | 14.1 | 17.7 | 12.0 | 21.0 |
| GALLANTT ISPAT LIMITED | 13,270 | 30.6 | 4.00 | 17.7 | 14.6 | 16.8 | 34.4 | 17.8 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 30.8 | 16.2 | 90 of 118 | 24% |
| P/B | 3.9 | 1.7 | 79 of 99 | 20% |
| ROCE | 12.1 | 8.7 | 45 of 120 | 63% |
| ROE | 11.7 | 8.6 | 38 of 114 | 67% |
| Debt / Equity | 0.3 | 0.1 | 80 of 114 | 30% |
| EBITDA margin | 11.1 | 11.0 | 50 of 100 | 51% |
| Revenue growth | 4.9 | 13.7 | 60 of 97 | 39% |
| Profit growth | 0.7 | 29.3 | 72 of 105 | 32% |
| Market cap | 1373 | 247 | 34 of 120 | 72% |
| A rating (BUY / ADD / REDUCE / SELL) |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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