Manufactures and trades metal products, primarily steel items such as coils, sheets and finished steel products, and has a listed Packaging Products segment. The Metal Products segment accounted for 99.5% of segment revenue for the YTD period ending 31 March 2026, with Packaging Products at 0% and 'Others' at 0.5%. Operations are organised through multiple wholly-owned subsidiaries based in India, Ghana and Nigeria, and related-party transactions cover raw materials and steel products with Manaksia Steels Limited and Nigeria-based Sumo Steels Limited. A proposed demerger of the Metal Product business into wholly-owned subsidiary Manaksia Ferro Industries Limited is pending NCLT clearance. Group entities include Manaksia Steels, Manaksia Aluminium and Grob Tea. Raw materials are the largest cost, at 57.1% of revenue, with employee costs at 4.6% and other operating expenses at 10.2%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Metal Products (100%), Packaging Products (0%), Others (1%). Cyclical, metals-focused industrial products maker with overseas subsidiaries
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,174 | 1,165 | 702 | 731 | 784 |
| EBITDA (ex other income) | 228 | 146 | 63 | 48 | 41 |
| margin % | 19.4 | 12.5 | 8.9 | 6.5 | 5.3 |
| Owners' profit | 183 | 107 | 76 | 56 | 52 |
| EPS, as reported (₹) | 27.93 | 16.30 | 11.53 | 8.54 | 7.99 |
| ROE % · ROCE % | 17.1 · 23.5 | 9.4 · 17.1 | 13.6 · 19.8 | 9.8 · 15.8 | 7.1 · 9.8 |
| Debt / equity (x) | 0.10 | 0.05 | 0.13 | 0.04 | 0.04 |
| Cash from operations | 140 | 53 | 135 | (275) | (11) |
| Capex | (3) | (11) | (1) | (12) | (49) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 169 | 188 | 269 | 173 | 190 | 184 | 237 | 223 |
| Profit before tax | 21 | 18 | 17 | 22 | 15 | 21 | 13 | 37 |
| Net profit | 15 | 13 | 11 | 15 | 10 | 15 | 12 | 27 |
| EPS (₹) | 2.23 | 1.95 | 1.76 | 2.29 | 1.68 | 2.22 | 1.80 | 3.89 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Metal Products | 693 | 88.4 |
| Packaging Products | 90 | 11.5 |
| Others | 1 | 0.1 |
| Total, before eliminations | 784 | 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 | 14.9 | 21.1 | 18.5 |
| APL APOLLO TUBES LTD |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 4 Sept 2026 · Annual Report web link letter sent to shareholders for FY2025-26 | compliance | minimal | — | — |
| 28 Aug 2026 · Manaksia publishes newspaper notice for 42nd AGM on 23 Sep 2026 | compliance | minimal | — | — |
| 27 Aug 2026 · Annual Report FY 2025-26 and Notice of 42nd AGM | results | high | — | — |
| 27 Aug 2026 · Manaksia 42nd AGM on 23 Sep 2026; MD re-appointment proposed | board shareholder meetings | low | — | — |
| 13 Aug 2026 · Manaksia 42nd AGM on 23 Sep 2026 via video conferencing; e-voting details | compliance | minimal | — | — |
| 13 Aug 2026 · Manaksia publishes Q1 FY27 results; consolidated PAT up 73% YoY | compliance | minimal | — | — |
| 12 Aug 2026 · Manaksia Q1 PAT jumps 73%; AGM on Sept 23, cut-off date Sept 16 | corporate actions | low | — | — |
| 12 Aug 2026 · Manaksia Q1 FY27: PAT up 73% at Rs 26.7 cr; AGM on 23 Sep | board shareholder meetings | low | — | — |
| 12 Aug 2026 · Manaksia Q1 FY27 standalone PAT up 73 percent YoY at Rs 26.7 cr | results | high | — | — |
| 12 Aug 2026 · Manaksia board approves Q1 FY27 results, PAT more than doubles YoY | board shareholder meetings | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 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) | 7.5 | 16.2 | 26 of 118 | 79% |
| P/B | 0.6 | 1.7 | 13 of 99 | 87% |
| ROCE | 9.3 | 8.7 | 57 of 120 | 53% |
| ROE | 7.1 | 8.6 | 64 of 114 | 44% |
| Debt / Equity | 0.0 | 0.1 | 41 of 114 | 65% |
| EBITDA margin | 17.5 | 11.0 | 32 of 100 | 69% |
| Revenue growth | 28.5 | 13.7 | 27 of 97 | 73% |
| Profit growth | 73.4 | 29.3 | 35 of 105 | 67% |
| Market cap | 470 | 247 | 52 of 120 | 57% |
| 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 |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
