🔍

Manaksia Aluminium Company Limited (MANAKALUCO)

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

📢 Recent Corporate Announcements

Manaksia Aluminium Issues Notice for 16th AGM Scheduled on September 22, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 01 Sep 2026, 05:03 PM

Manaksia Aluminium Company Limited has issued communications to shareholders who have not registered their email addresses, in compliance with Regulation 36(1)(b) of SEBI LODR. The letter provides web links to access the Notice of the 16th Annual General Meeting (AGM) and the Annual Report for FY 2025-26. The 16th AGM is scheduled to be held virtually on September 22, 2026, at 01:30 PM IST. This is a routine administrative compliance filing with no impact on business operations or financials.

16th Annual General Meeting scheduled for Tuesday, September 22, 2026, at 01:30 p.m. IST via Video Conferencing
Issued dispatch letters under Regulation 36(1)(b) of SEBI LODR to unregistered email shareholders
Notice of AGM originally dated August 11, 2026 and Annual Report for FY 2025-26 made available on company and exchange portals
Shareholders urged to complete KYC and register email/bank details with RTA Maheshwari Datamatics Pvt. Ltd.

💡 Shareholders may review the FY 2025-26 Annual Report and participate in e-voting or attend the virtual AGM on September 22, 2026.

Manaksia Aluminium Issues KYC and Demat Reminder to Physical Shareholders

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 24 Aug 2026, 05:06 PM

Manaksia Aluminium Company Limited has issued a reminder communication to shareholders holding shares in physical form to furnish their KYC details and submit dematerialization requests. The intimation follows SEBI circulars mandating the recording of PAN, contact details, bank details, and specimen signatures. Shareholders who have not updated these details will receive dividends exclusively via electronic mode only upon submitting full KYC. The company has directed investors to submit Form ISR-1 and related documents to its RTA, Maheshwari Datamatics Private Limited.

Reminder issued pursuant to SEBI Circulars dated February 06, 2026 and June 10, 2024
Mandates submission of PAN, address, mobile number, bank account details, and specimen signature
Dividends declared since April 01, 2024 to be released electronically once complete KYC is furnished
Physical shareholders urged to submit Form ISR-1 and dematerialize shares via RTA Maheshwari Datamatics

💡 Physical shareholders should submit required KYC forms (ISR-1/ISR-2) and initiate share dematerialization to avoid frozen folios or withheld dividend payments.

Manaksia Aluminium Clarifies No Undisclosed Material Information Behind Recent Price Movement

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 11 Aug 2026, 08:37 PM

Manaksia Aluminium Company Limited (MANAKALUCO) has responded to a clarification request from the NSE and BSE regarding recent significant movements in its share price. The company confirmed it is in full compliance with SEBI (LODR) Regulations, 2015, and has consistently disclosed all price-sensitive information. Management stated that there is no pending or impending information that could have a material bearing on the stock's price or volume. This filing is a standard regulatory response to unusual market volatility.

Company submitted its response to the Exchange on August 11, 2026
Confirmed 100% compliance with SEBI Regulation 30 regarding disclosures
Stated there are 0 undisclosed material events or information currently pending
Reiterated adherence to transparency and corporate governance principles

💡 Investors should note that the recent price movement is not linked to any official corporate development; monitor upcoming quarterly results for fundamental changes.

77% YoY PAT Growth in Q1; Rs 42.7 Cr GST Dispute Under Appeal

🔵 WATCH ⭐ 7/10

EARNINGS 📅 11 Aug 2026, 07:53 PM

Manaksia Aluminium reported a strong Q1 FY27 with net profit rising 77.7% YoY to ₹2.77 Cr, despite a modest 3.8% revenue growth to ₹139.59 Cr. The company declared a final dividend of ₹0.05 per share (5% of face value) with a record date of September 15, 2026. However, a significant regulatory risk has emerged with a GST demand and penalty totaling ₹42.68 Cr, which the company is currently contesting in appellate forums. The Board also approved the re-appointment of Sunil Kumar Agrawal as Managing Director for a three-year term starting November 2026.

Net Profit for Q1 FY27 increased to ₹2.77 Cr from ₹1.56 Cr in the same quarter last year.
Revenue from operations grew 3.8% YoY to ₹139.59 Cr for the quarter ended June 30, 2026.
Disclosed a GST demand of ₹38.80 Cr and a penalty of ₹3.88 Cr regarding recovery of erroneous refunds.
Proposed a final dividend of ₹0.05 per equity share for FY 2025-26.
Managing Director Sunil Kumar Agrawal re-appointed for a 3-year term effective November 23, 2026.

💡 Investors should closely monitor the legal proceedings regarding the ₹42.68 Cr GST demand, as it represents over 13 times the company's TTM PAT. Additionally, track the operationalization and consolidation of the new USA and UAE subsidiaries which are currently not reflected in the financials.

83% PAT Growth in Q1 FY27; Rs 38.8 Cr GST Demand Contested

🔵 WATCH ⭐ 7/10

EARNINGS 📅 11 Aug 2026, 07:42 PM

Manaksia Aluminium reported a strong 83% YoY increase in net profit to Rs 2.85 Cr for Q1 FY27, despite a modest 3.8% revenue growth to Rs 139.59 Cr. The company's operating performance improved, but it faces a significant regulatory hurdle with a GST demand of Rs 38.80 Cr plus penalties, which is currently being contested in appeals. A final dividend of Re 0.05 per share was confirmed with a record date of September 15, 2026. The board also approved the re-appointment of the Managing Director for another three-year term.

Net profit increased 83% YoY to Rs 2.85 Cr from Rs 1.56 Cr in the previous year's quarter.
Revenue from operations grew 3.8% YoY to Rs 139.59 Cr compared to Rs 134.41 Cr.
Disclosed a material GST demand of Rs 38.80 Cr plus a Rs 3.88 Cr penalty (Total ~Rs 42.68 Cr) being contested.
Proposed a final dividend of Re 0.05 per share (5% of face value) for FY25-26.
Finance costs remained high at Rs 7.29 Cr for the quarter, impacting net margins.

💡 Investors should closely monitor the legal proceedings regarding the Rs 42.68 Cr GST demand, as it represents nearly 30% of the company's net worth. Additionally, track the operationalization of the new USA and UAE subsidiaries which are not yet consolidated.

76% PAT Growth in Q1 FY27; Rs 0.05 Dividend and Rs 42.7 Cr GST Dispute Disclosed

🔵 WATCH ⭐ 7/10

EARNINGS 📅 11 Aug 2026, 07:39 PM

Manaksia Aluminium reported a strong 76.5% YoY increase in net profit to Rs 2.75 Cr for Q1 FY27, despite a modest 3.8% revenue growth to Rs 139.59 Cr. The board confirmed a final dividend of Rs 0.05 per share (5% of face value) with a record date of September 15, 2026. A major concern is a disclosed GST demand of Rs 38.80 Cr plus a Rs 3.88 Cr penalty, totaling Rs 42.68 Cr, which the company is currently contesting in appeal. Managing Director Sunil Kumar Agrawal has been re-appointed for a three-year term starting November 2026.

Net profit for Q1 FY27 rose to Rs 2.75 Cr from Rs 1.56 Cr in Q1 FY26, a 76.5% increase.
Revenue from operations grew 3.8% YoY to Rs 139.59 Cr compared to Rs 134.41 Cr.
GST demand of Rs 38.80 Cr plus Rs 3.88 Cr penalty (Total Rs 42.68 Cr) represents ~30% of the company's Net Worth.
Final dividend of Rs 0.05 per share approved with Record Date set for September 15, 2026.
Managing Director Sunil Kumar Agrawal re-appointed for a 3-year term effective November 23, 2026.

💡 Investors should closely monitor the legal proceedings regarding the Rs 42.68 Cr GST demand, as an adverse ruling would significantly impact the company's liquidity and net worth. Additionally, track the operationalization of the new USA and UAE subsidiaries mentioned in the notes.

Q1 PAT up 77% to ₹2.77 Cr; ₹42.68 Cr GST demand contested; ₹0.05 Dividend set

🔵 WATCH ⭐ 6/10

EARNINGS 📅 11 Aug 2026, 07:36 PM

Manaksia Aluminium reported a 77% YoY increase in net profit to ₹2.77 Cr for Q1 FY27, despite a modest 3.8% revenue growth to ₹139.59 Cr. The company is currently contesting a significant GST demand totaling ₹42.68 Cr (including penalty), which represents approximately 30% of its net worth. A final dividend of ₹0.05 per share has been confirmed with a record date of September 15, 2026. Managing Director Sunil Kumar Agrawal has been re-appointed for a three-year term starting November 2026.

Net Profit for Q1 FY27 increased to ₹2.77 Cr from ₹1.56 Cr in the same quarter last year.
Revenue from operations grew 3.8% YoY to ₹139.59 Cr from ₹134.41 Cr.
Contesting a material GST demand of ₹38.80 Cr plus a penalty of ₹3.88 Cr.
Final dividend of ₹0.05 per share (5% of face value) proposed for FY26.
Finance costs remained high at ₹7.29 Cr for the quarter, reflecting the company's 1.69 D/E ratio.

💡 Investors should closely monitor the legal proceedings regarding the ₹42.68 Cr GST demand, as an adverse outcome would significantly impact the balance sheet. Additionally, track the operationalization of the new USA and UAE subsidiaries which have not yet been consolidated.

Manaksia Aluminium Q1 PAT Jumps 78% to ₹2.77 Cr; MD Re-appointed; ₹42.68 Cr GST Demand Contested

🔵 WATCH ⭐ 7/10

EARNINGS 📅 11 Aug 2026, 07:32 PM

Manaksia Aluminium reported a strong Q1 FY27 with net profit rising 78% YoY to ₹2.77 Cr, supported by a 3.8% revenue growth to ₹139.59 Cr. The Board approved the re-appointment of Mr. Sunil Kumar Agrawal as Managing Director for a three-year term starting November 2026. A final dividend of ₹0.05 per share was confirmed with a record date of September 15, 2026. However, the company disclosed a significant contingent risk involving a contested GST demand of ₹42.68 Cr (including penalty), which represents nearly 30% of its net worth.

Net Profit for Q1 FY27 increased 78% YoY to ₹2.77 Cr from ₹1.56 Cr in Q1 FY26.
Revenue from operations grew to ₹139.59 Cr in Q1 FY27 compared to ₹134.41 Cr in the same period last year.
Contesting a GST demand of ₹38.80 Cr plus a ₹3.88 Cr penalty (Total ₹42.68 Cr) related to export refund rules.
MD Sunil Kumar Agrawal re-appointed for 3 years effective November 23, 2026.
Final dividend of ₹0.05 per share (5% of face value) proposed for FY26 with record date set for September 15, 2026.

💡 Investors should monitor the legal proceedings regarding the ₹42.68 Cr GST demand, as an adverse outcome would significantly impact the company's liquidity and net worth. Additionally, watch for the operationalization of the new USA and UAE subsidiaries which are currently in the incorporation phase.

83% YoY PAT Growth in Q1 FY27; Rs 42.7 Cr GST Dispute Disclosed

🔵 WATCH ⭐ 7/10

EARNINGS 📅 11 Aug 2026, 07:29 PM

Manaksia Aluminium reported a strong Q1 FY27 with net profit rising 83% YoY to Rs 2.85 Cr, despite modest revenue growth of 3.8% to Rs 139.59 Cr. The board confirmed a final dividend of Re 0.05 per share for FY26 with a record date of September 15, 2026. A significant risk factor was highlighted in the notes: a GST demand and penalty totaling Rs 42.68 Cr, which the company is currently contesting. Additionally, the company is re-appointing its Managing Director for a 3-year term and has incorporated new subsidiaries in the USA and UAE.

Net Profit after tax increased 83% YoY to Rs 2.85 Cr in Q1 FY27 from Rs 1.56 Cr in Q1 FY26
Revenue from operations grew 3.8% YoY to Rs 139.59 Cr compared to Rs 134.41 Cr in the previous year
Disclosed a contingent liability for a GST demand of Rs 38.80 Cr and a penalty of Rs 3.88 Cr
Proposed a final dividend of Re 0.05 per share (5% of face value) for FY25-26
Sunil Kumar Agrawal re-appointed as Managing Director for 3 years effective November 23, 2026

💡 Investors should monitor the legal proceedings regarding the Rs 42.68 Cr GST demand, as it represents nearly 30% of the company's net worth. Additionally, watch for the commencement of operations in the newly formed USA and UAE subsidiaries.

6.55 Cr Shares Reconciled in Manaksia Aluminium's Q1FY27 Capital Audit

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 07 Jul 2026, 05:26 PM

Manaksia Aluminium Company Limited has filed its quarterly Reconciliation of Share Capital Audit for the period ended June 30, 2026. The audit confirms that the total issued capital of 6,55,34,050 shares is fully listed on both the BSE and NSE. The report indicates that 99.99% of the company's equity is held in dematerialized form, with only 643 shares remaining in physical format. No changes in share capital, such as rights or bonus issues, were recorded during the quarter.

Total issued and listed capital stands at 6,55,34,050 equity shares as of June 30, 2026
Dematerialized holdings account for 99.99% of total capital, split between NSDL (82.25%) and CDSL (17.75%)
Only 643 shares remain in physical form, representing a negligible percentage of total capital
Zero demat requests were reported as pending beyond the mandatory 21-day period

💡 This is a routine regulatory filing with no impact on business fundamentals; investors should monitor upcoming quarterly results for updates on the company's USA market expansion and logistics challenges.

Manaksia Aluminium submits Q1 FY27 SEBI Regulation 74(5) compliance certificate

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 07 Jul 2026, 10:11 AM

Manaksia Aluminium Company Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Registrar Maheshwari Datamatics Pvt. Ltd., confirms the processing of dematerialization requests for the quarter ended June 30, 2026. This is a standard procedural filing required for all listed companies to ensure share records match depository data. There is no impact on the company's financial position or business operations.

Compliance certificate submitted for the quarter ended June 30, 2026
Issued by Registrar and Share Transfer Agent, Maheshwari Datamatics Pvt. Ltd.
Filing confirms adherence to SEBI (Depositories and Participants) Regulations, 2018
Company maintains a high promoter holding of 74.87% as of March 2026

💡 No action is required as this is a routine administrative filing. Investors should focus on upcoming quarterly financial results to track the company's progress in the USA market and its management of a high debt-to-equity ratio of 1.69.

Manaksia Aluminium Announces Trading Window Closure from July 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 25 Jun 2026, 11:20 AM

Manaksia Aluminium Company Limited has notified the stock exchanges regarding the closure of its trading window for insiders starting July 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the announcement of unaudited financial results for the quarter ending June 30, 2026. The window will remain closed for Directors and Designated Persons until 48 hours after the results are declared. This is a standard regulatory procedure and does not impact the company's fundamental business operations.

Trading window closure effective from July 1, 2026
Closure pertains to the unaudited financial results for the quarter ended June 30, 2026
Restriction applies to Directors, Designated Persons, and their immediate relatives
Window to reopen 48 hours after the official declaration of financial results

💡 No action is required as this is a routine regulatory filing. Investors should await the announcement of the Q1 financial results for actual performance insights.

Manaksia Aluminium FY26 Results: 5% Dividend Declared and New Auditors Appointed

🟡 NEUTRAL ⭐ 6/10

BOARD_MEETING 📅 07 May 2026, 07:53 PM

Manaksia Aluminium Company Limited has approved its audited standalone financial results for the fiscal year ended March 31, 2026, receiving an unmodified audit opinion. The Board recommended a final dividend of Re 0.05 per equity share, representing 5% of the Re 1 face value. Furthermore, the company has appointed new Internal and Cost Auditors for the 2026-27 financial year to oversee its financial and operational controls. These decisions were finalized during the board meeting held on May 7, 2026.

Recommended a final dividend of Re 0.05 per equity share (5% of face value) for FY 2025-26.
Approved audited standalone financial results for the quarter and year ended March 31, 2026.
Appointed M/s. S Bhalotia & Associates as Internal Auditor for the financial year 2026-27.
Appointed M/s. S. Chhaparia & Associates as Cost Auditor for FY 2026-27 subject to shareholder ratification.
Statutory Auditors M/s Dangi Jain & Co. issued an audit report with an unmodified opinion.

💡 Investors should review the detailed financial statements to assess the company's growth trajectory beyond the nominal dividend yield. The appointment of new auditors is a routine governance update and does not signal any immediate operational shift.

Manaksia Aluminium Approves FY26 Results and Recommends Re 0.05 Final Dividend

🟡 NEUTRAL ⭐ 7/10

EARNINGS 📅 07 May 2026, 07:50 PM

Manaksia Aluminium Company Limited has approved its audited standalone financial results for the quarter and full year ended March 31, 2026. The Board has recommended a final dividend of Re 0.05 per equity share, which is 5% of the face value of Re 1. The company also announced the appointment of new Internal and Cost Auditors for the 2026-27 financial year. The statutory auditors have provided an unmodified opinion on the financial statements, ensuring reporting reliability.

Recommended a final dividend of Re 0.05 per equity share (5% of face value) for FY 2025-26
Approved audited standalone financial results for the quarter and year ended March 31, 2026
Statutory auditors M/s Dangi Jain & Co. issued an audit report with an unmodified opinion
Appointed M/s. S Bhalotia & Associates as Internal Auditor for the financial year 2026-27
Appointed M/s. S. Chhaparia & Associates as Cost Auditor for the financial year 2026-27

💡 Investors should examine the detailed profit and loss statements once published to evaluate the company's operational performance. The nominal dividend suggests a conservative payout policy.

Manaksia Aluminium Recommends Re 0.05 Final Dividend for FY 2025-26

🟡 NEUTRAL ⭐ 6/10

DIVIDEND 📅 07 May 2026, 07:47 PM

Manaksia Aluminium Company Limited has recommended a final dividend of Re. 0.05 per equity share for the financial year ended March 31, 2026, representing a 5% payout on the face value of Re. 1. The Board also approved the audited standalone financial results for the quarter and full year with an unmodified audit opinion. Additionally, the company has appointed new Internal and Cost Auditors for the 2026-27 fiscal year. The dividend is subject to shareholder approval at the upcoming Annual General Meeting.

Recommended a final dividend of Re. 0.05 per equity share of face value Re. 1 (5% payout)
Approved audited standalone financial results for the quarter and year ended March 31, 2026
Statutory Auditors issued an audit report with an unmodified opinion for the financial year
Appointed M/s. S Bhalotia & Associates as Internal Auditor for the financial year 2026-27
Appointed M/s. S. Chhaparia & Associates as Cost Auditor for the financial year 2026-27

💡 Investors should note the dividend declaration and review the full audited financial results to assess the company's growth trajectory. The dividend amount is nominal, so the focus should remain on operational efficiency and margin improvements.

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).