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MANAKALUCO - Manaksia Alumi.

📊 NSE: MANAKALUCO 🏢 Aluminium and Aluminium Products 📅 Last Updated: 12/14/2025 9:30

📢 Recent Corporate Announcements

Manaksia Aluminium Launches HSRP Sheets; Targets 200 Tons Monthly Capacity by FY27

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 20 Feb 2026, 02:02 PM

Manaksia Aluminium Company Limited has expanded its product portfolio by launching Aluminium Sheets specifically for High Security Registration Plates (HSRP). The company has set an ambitious production target of 200 tons per month for this new product line during the Financial Year 2026-27. This strategic move aims to capture demand in both domestic and international markets, catering to strict regulatory requirements for vehicle registration. The launch represents a diversification into specialized, high-demand industrial materials which could enhance revenue streams.

Launched specialized Aluminium Sheets for High Security Registration Plates (HSRP) on February 20, 2026
Aims to reach a production capacity of 200 tons per month during FY 2026-27
Product is designed to meet specific technical and quality guidelines issued by regulatory authorities
Targeting both domestic and international markets under HSN Code 76061200

💡 Investors should monitor the company's progress in scaling production to the 200-ton monthly target and look for margin improvements from this specialized product segment. The stock may benefit from the entry into a regulatory-driven niche with consistent demand.

Manaksia Aluminium Updates KMP Authorization for Materiality Disclosures

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 18 Feb 2026, 06:38 PM

Manaksia Aluminium Company Limited has notified the exchanges regarding the authorization of four Key Managerial Personnel (KMP) for determining event materiality. This action is taken pursuant to Regulation 30(5) of the SEBI (LODR) Regulations, 2015. The list includes the Managing Director, Whole-time Director & CEO, CFO, and Company Secretary. This update is a standard regulatory requirement to ensure transparency in corporate disclosures.

Four KMPs authorized to determine materiality of events or information under SEBI Regulation 30(5).
Authorized personnel include MD Sunil Kumar Agrawal and CEO Anirudha Agrawal.
CFO Vijay Kumar Patodia and CS Abhishek Chakraborty are also authorized for disclosures.
Contact details provided include phone number 033-2243 5053 for all authorized personnel.

💡 This is a routine administrative update for regulatory compliance. No action is required from investors.

Manaksia Aluminium Q3 PAT Flat YoY at ₹1.65 Cr; Revenue Up 2% to ₹142.6 Cr

🔵 WATCH ⭐ 7/10

EARNINGS 📅 13 Feb 2026, 05:54 PM

Manaksia Aluminium Company Limited reported a steady Q3 FY26 with revenue from operations rising 2% YoY to ₹142.63 crore. While Net Profit remained flat year-on-year at ₹1.65 crore, it showed a significant sequential (QoQ) recovery of 48.6% from ₹1.11 crore in Q2. The company is currently contesting a substantial GST demand of ₹38.80 crore plus penalties, which is a key monitorable. Expansion efforts are underway with new subsidiaries in the USA and UAE, though capital infusion is pending RBI approval.

Revenue from operations grew 2% YoY to ₹142.63 crore in Q3 FY26.
Net Profit after Tax stood at ₹1.65 crore, flat YoY but up 48.6% QoQ.
9M FY26 revenue increased to ₹408.25 crore from ₹372.07 crore in the previous year.
Disclosed a significant GST demand of ₹38.80 crore and a ₹3.88 crore penalty currently under appeal.
Incorporated new wholly-owned subsidiaries in the USA and UAE to drive international expansion.

💡 Investors should remain cautious due to the large GST demand which significantly exceeds the company's annual profit. While operational growth is stable, the legal outcome of the tax dispute is the primary risk factor to watch.

Manaksia Aluminium Appoints Vijay Kumar Patodia as CFO with 30+ Years Experience

🟢 POSITIVE ⭐ 6/10

MANAGEMENT 📅 13 Feb 2026, 04:47 PM

Manaksia Aluminium Company Limited has appointed Mr. Vijay Kumar Patodia as its new Chief Financial Officer (CFO) and Key Managerial Personnel, effective February 13, 2026. Mr. Patodia is a seasoned professional with over 30 years of experience in finance strategy, treasury, risk management, and taxation. He has previously held senior finance positions at reputable firms including Hindustan Engineering & Industries Limited and Electro Steel Integrated Limited. This strategic appointment is intended to strengthen the company's financial leadership and oversight.

Appointment of Mr. Vijay Kumar Patodia as CFO and Key Managerial Personnel effective February 13, 2026.
Mr. Patodia brings over 30 years of extensive experience in finance, auditing, and risk management.
Previous leadership experience at Hindustan Engineering & Industries Limited, Electro Steel Integrated Limited, and SREI.
Educational qualifications include being a Chartered Accountant (ICAI) and a Commerce graduate.

💡 Investors should view this as a positive step toward professionalizing the management team with a highly experienced finance professional. Monitor future financial reports for improvements in treasury management and financial strategy under the new leadership.

Manaksia Aluminium Reports 100% Share Capital Reconciliation for Q3 FY26

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 29 Jan 2026, 10:35 AM

Manaksia Aluminium Company Limited has filed its Reconciliation of Share Capital Audit Report for the quarter ended December 31, 2025. The report confirms that the total issued capital of 6,55,34,050 shares is fully listed on both the BSE and NSE. The audit verified that 99.99% of the company's shares are held in dematerialized form, ensuring high liquidity and transparency. No changes in share capital or pending demat requests were reported during this period.

Total issued and listed capital remains unchanged at 6,55,34,050 equity shares.
99.99% of shares are dematerialized, with 85.50% held in NSDL and 14.49% in CDSL.
Only 643 shares remain in physical form as of December 31, 2025.
Zero demat requests were pending beyond the regulatory 21-day period.
The company confirmed no changes in capital through bonus, rights, or ESOPs during the quarter.

💡 This is a routine regulatory filing confirming the integrity of the company's shareholding records. No action is required from investors as it does not impact business fundamentals.

Manaksia Aluminium Submits SEBI Regulation 74(5) Compliance Certificate for Q3 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 13 Jan 2026, 12:39 PM

Manaksia Aluminium Company Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, provided by Maheshwari Datamatics Pvt. Ltd., covers the quarter ending December 31, 2025. The registrar confirmed that no dematerialization requests for equity shares were received or confirmed during the period from October 1, 2025, to December 31, 2025. This is a standard procedural filing required for all listed companies to maintain transparency in shareholding records.

Compliance certificate submitted for the quarter ended December 31, 2025
Issued by Registrar and Share Transfer Agent, Maheshwari Datamatics Pvt. Ltd.
Zero dematerialization requests were confirmed during the period from October 1, 2025, to December 31, 2025
Filing confirms adherence to SEBI (Depositories and Participants) Regulations, 2018

💡 No action is required from investors as this is a routine regulatory filing. Investors should continue to monitor the company's upcoming quarterly financial results for material performance updates.

Manaksia Aluminium Updates KMP Authorization for Materiality Disclosures

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 09 Jan 2026, 04:39 PM

Manaksia Aluminium Company Limited has updated its list of Key Managerial Personnel (KMP) authorized to determine the materiality of events for stock exchange disclosures. Under Regulation 30(5) of SEBI (LODR) Regulations, 2015, the company has designated three officials: the Managing Director, the CEO, and the Company Secretary. These individuals are jointly or severally responsible for making disclosures to the BSE and NSE. This is a standard procedural update to ensure compliance with listing requirements and maintain transparent communication with the markets.

Authorization updated under Regulation 30(5) of SEBI (LODR) Regulations, 2015
Three KMPs designated: Mr. Sunil Kumar Agrawal (MD), Mr. Anirudha Agrawal (CEO), and Mr. Abhishek Chakraborty (CS)
The authorized personnel are reachable at 033-2243 5053 for materiality-related disclosures
The update ensures the company maintains its regulatory framework for timely market communication

💡 No immediate action is required as this is a routine administrative update. Investors can use the provided contact details for official queries regarding company disclosures.

Manaksia Aluminium Appoints Abhishek Chakraborty as Company Secretary & Compliance Officer

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 09 Jan 2026, 04:36 PM

Manaksia Aluminium Company Limited has appointed Mr. Abhishek Chakraborty as its Company Secretary and Compliance Officer effective January 09, 2026. Mr. Chakraborty brings approximately 8 years of professional experience in corporate law, finance, and compliance. His background includes working with the Registrar of Companies (ROC) and successfully managing the IPO of Phoenix Overseas Limited. This appointment ensures the company remains compliant with SEBI and other regulatory requirements.

Appointment of Abhishek Chakraborty as Company Secretary and Compliance Officer effective Jan 9, 2026
Appointee possesses 8 years of experience in compliance, corporate law, and finance
Previously served as a Young Professional at the Registrar of Companies, West Bengal
Successfully handled the IPO process for Phoenix Overseas Limited in a previous role
Board meeting for the approval commenced at 3:40 P.M. and concluded at 4:00 P.M.

💡 No action is required as this is a routine administrative appointment to fulfill regulatory compliance obligations.

Manaksia Aluminium Clarifies No Undisclosed Information Behind Recent Price Movement

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 07 Jan 2026, 11:01 AM

Manaksia Aluminium Company Limited (MANAKALUCO) has responded to a clarification request from stock exchanges regarding recent significant price movements in its shares. The company stated that it is in full compliance with SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. Management clarified that there is no undisclosed price-sensitive information or pending announcements that could have triggered the price volatility. This response suggests that the recent price action may be driven by market forces rather than specific internal developments.

Company responded to NSE/BSE queries regarding significant price movement on January 7, 2026
Management confirmed compliance with Regulation 30 of SEBI (LODR) Regulations, 2015
No undisclosed or pending price-sensitive information exists according to the company
The company maintains that all material events have been reported to exchanges in a timely manner

💡 Investors should note that the recent price volatility is not backed by any official company news or fundamental changes. Exercise caution and avoid speculative trading as the company has denied any material developments.

MANAKALUCO: Mr. Vivek Jain Resigns as Company Secretary w.e.f. December 12, 2025

🟡 NEUTRAL ⭐ 5/10

MANAGEMENT 📅 12 Dec 2025, 12:27 PM

Manaksia Aluminium Company Limited announced the resignation of Mr. Vivek Jain as Company Secretary & Compliance Officer, effective December 12, 2025. Mr. Jain is leaving to pursue an alternate career opportunity. The company is currently in the process of identifying and appointing a new Company Secretary. Shareholders should note this change in key managerial personnel.

Mr. Vivek Jain resigned as Company Secretary & Compliance Officer effective December 12, 2025
Resignation is due to pursuing an alternate career opportunity
The company is in the process of appointing a new Company Secretary

💡 Investors should monitor for the appointment of the new Company Secretary. This change does not appear to have an immediate material impact on the company's operations.

MANAKALUCO: Trading Window Closure from January 1, 2026

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 11 Dec 2025, 01:42 PM

Manaksia Aluminium Company Limited has announced the closure of its trading window for Directors, Designated Persons, and their immediate relatives. This closure will be effective from January 1, 2026. The trading window will remain closed until 48 hours after the declaration of the unaudited Financial Results for the quarter ended December 31, 2025. This is to ensure compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

Trading window closes from January 1, 2026
Closure is for Directors, Designated Persons and their immediate relatives
Trading window reopens 48 hours after declaration of results for quarter ended December 31, 2025

💡 Investors should note the trading window closure and plan their transactions accordingly. Be aware of the reopening date after the financial results announcement.

View All MANAKALUCO Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Total revenue grew 17.7% YoY to INR 509.15 Cr in FY2024-25 from INR 432.49 Cr in FY2023-24. However, Q1FY25 revenue of INR 81.72 Cr showed a 30.5% decline compared to Q4FY24 (INR 117.7 Cr) due to logistics constraints.

Geographic Revenue Split

The company serves both domestic and international markets. Exports to the USA are significant, with increased shipments on DDP Incoterms contributing to a 27.6% rise in finance costs to INR 27.53 Cr.

Profitability Margins

Operating profit margin improved to 10.56% in Q1FY25 from 7.63% in Q4FY24. EBITDA margin for FY2024-25 stood at 8.63%, up from 8.04% in FY2023-24, driven by process efficiencies and innovation.

EBITDA Margin

8.63% EBITDA margin in FY2024-25, reflecting a 7.3% improvement over the previous year's 8.04%. Core profitability is supported by high-performance horizontal strip casters and cold rolling mills.

Capital Expenditure

Capital work-in-progress (CWIP) stood at INR 28.19 Cr as of March 31, 2025, indicating ongoing investment in production-related activities and machinery upgrades.

Credit Rating & Borrowing

Long-term rating reaffirmed at ACUITE BBB+ with a 'Negative' outlook; short-term rating at ACUITE A2+. Finance costs rose 27.6% to INR 27.53 Cr due to increased debt levels for production activities.

⚙️ Operational Drivers

Raw Materials

Aluminium is the primary raw material. Price volatility in aluminium is identified as a key market risk that could adversely impact financial assets and future cash flows.

Capacity Expansion

Current aluminium metal production reached 17,241.96 MT in FY2024-25. Ongoing expansion is indicated by a CWIP of INR 28.19 Cr.

Raw Material Costs

Raw material price changes are a primary risk factor. The company mitigates this through optimum sales mix planning and product diversification.

Manufacturing Efficiency

Efficiency is driven by state-of-the-art machinery including continuous horizontal strip casters, cold rolling mills, and tension levellers for specific applications.

Logistics & Distribution

Distribution costs are impacted by USA shipments on DDP Incoterms, which increased finance costs by 27.6% to INR 27.53 Cr.

📈 Strategic Growth

Growth Strategy

Growth is targeted through product diversification, innovation, and expansion into the USA market. The company is also implementing cost-saving measures across all segments to improve margins.

Products & Services

Aluminium Flat Rolled Products, Aluminium Sheet, Aluminium Coil, and Caster Coils.

Brand Portfolio

Manaksia.

Market Expansion

Aggressive penetration of the USA market using DDP Incoterms and expansion of the domestic customer base in EPC and OEM sectors.

🌍 External Factors

Industry Trends

The aluminium industry is evolving towards specific high-performance applications in EPC and OEM sectors; MACL is positioning itself with specialized rolling and annealing machinery.

Competitive Moat

Moat is built on 30 years of management experience and established relationships with a strong customer base. Cost leadership is maintained through horizontal strip casting technology.

Macro Economic Sensitivity

Sensitive to global GDP growth (hovering above 3% in 2024) and resilient consumer demand in the US, which supports export volumes.

Consumer Behavior

Resilient consumer demand in the US market has historically supported the company's export growth trajectory.

Geopolitical Risks

Trade barriers and global shipping disruptions (vessel availability) are primary geopolitical concerns affecting the export-heavy business model.

⚖️ Regulatory & Governance

Industry Regulations

Compliance with Section 148 of the Companies Act, 2013 for cost records and Section 186 for loans and investments.

Legal Contingencies

Pending litigations are disclosed in Note 34 and 35, involving the Jurisdictional AO and CESTAT (Kolkata). Trade receivables and payables are subject to confirmation (Note 45i).