🔍

Manaksia Limited (MANAKSIA)

₹57.56 -0.35% last close, 16 Oct

📊 NSE: MANAKSIA 🏢 Iron & Steel Products 📢 Latest filing: 08 Oct 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Manaksia's revenue was ₹223 Cr (+28.8% year on year, -6.0% on the previous quarter), and net profit ₹26.7 Cr (+77.9% year on year); the operating margin was 7.3%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹223	+28.8%	-6.0%
Operating profit	₹16.3	+63.0%	-4.1%
Net profit	₹26.7	+77.9%	+122.3%
EPS (₹)	3.89	+69.9%	+116.1%
Operating margin	7.3%	—	—

Full quarterly financials → Results calendar →

MANAKSIA delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 85.15% of the MANAKSIA shares traded on NSE were taken to delivery, against the stock's own 20-session average of 55.65%. That is higher than usual for this stock. Turnover was only ₹8 lakh, so a handful of trades can move this figure. Volume was 0.2 times its average, well below normal.

85.15%Delivery, 16 Oct

55.65%Own 20-session average

0.2×Volume vs its average

₹57.56NSE close · -0.35%

Delivery in the last 5 sessions: 43.3% · 29.2% · 51.1% · 67.1% · 85.2%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Manaksia Submits Regulation 74(5) Demat Compliance Certificate for Q2 FY27

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 08 Oct 2026, 03:27 PM

Manaksia Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate from Registrar and Transfer Agent Maheshwari Datamatics confirms the dematerialisation and cancellation of received security certificates within prescribed timelines. This is a standard quarterly regulatory submission with no impact on business operations or financials.

Regulation 74(5) compliance confirmed for the quarter ended September 30, 2026
Issued by Registrar and Transfer Agent Maheshwari Datamatics Private Limited
Filing submitted to BSE and NSE on October 8, 2026

💡 Track the upcoming Q2 FY27 earnings release and operational updates, as this filing is strictly administrative.

Manaksia Shareholders Approve Re-Appointment of Suresh Kumar Agrawal as MD for 3 Years

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 24 Sep 2026, 05:24 PM

Shareholders of Manaksia Limited approved the re-appointment of Mr. Suresh Kumar Agrawal as Managing Director at the 42nd AGM held on September 23, 2026. The re-appointment is for a further period of 3 years effective from November 23, 2026. Mr. Agrawal, aged 73, brings roughly 40 years of industry experience across packaging manufacturing and international operations. The move ensures leadership continuity for the Rs 426 Cr market-cap trading and manufacturing company.

Re-appointment approved for a tenure of 3 years starting November 23, 2026
Approval granted by shareholders at the 42nd AGM held on September 23, 2026
Mr. Suresh Kumar Agrawal brings approximately 40 years of operating experience at age 73
Company reported TTM revenue of Rs 834 Cr and market capitalization of Rs 426 Cr

💡 Track subsequent AGM voting disclosures and upcoming quarterly operational performance to monitor execution amid volatile international exposure.

Manaksia Shareholders Approve All 42nd AGM Resolutions With Over 98.7% Approval

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 24 Sep 2026, 05:09 PM

Manaksia Limited announced the voting results of its 42nd Annual General Meeting held on September 23, 2026. Shareholders approved all three proposed resolutions with strong overall majorities exceeding 98.7%. The passed items include adoption of FY26 audited accounts, the re-appointment of retiring director Mr. Varun Agrawal, and the re-appointment of Managing Director Mr. Suresh Kumar Agrawal for a three-year period starting November 23, 2026. Notably, institutional shareholders voted predominantly against resolutions 2 and 3, but the resolutions passed comfortably supported by 74.93% promoter backing.

Adoption of FY26 financial statements passed with 99.9992% of total polled votes in favour
Re-appointment of Director Varun Agrawal approved with 98.7848% total votes in favour
Re-appointment of Suresh Kumar Agrawal as MD for 3 years effective Nov 23, 2026, passed with 98.8439% votes
Public institutional investors cast 94.4% to 99.3% of their votes against resolutions 2 and 3, though overwhelmed by promoter voting
Total voter turnout represented approximately 78.09% of total outstanding shares

💡 Track subsequent updates on the proposed demerger of the metal product business undertaking into MFIL and upcoming Q2 FY27 earnings.

Manaksia Dispatches FY26 Annual Report Web-Link Letters; 42nd AGM Set for Sept 23, 2026

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 04 Sep 2026, 12:47 PM

Manaksia Limited has completed the dispatch of letters on August 27, 2026, containing web-links to the FY26 Annual Report and AGM Notice for shareholders without registered email addresses. The company's 42nd Annual General Meeting is scheduled to be held on September 23, 2026, at 12:30 PM IST via video conferencing. This is a routine compliance filing under SEBI Listing Regulations with no financial or operational impact.

Completed dispatch of Annual Report web-link letters on 27th August, 2026
42nd Annual General Meeting scheduled for Wednesday, 23rd September, 2026 at 12:30 P.M. IST
Intimation filed under Regulation 30 and 36(1)(b) of SEBI LODR Regulations

💡 Shareholders can access the FY26 Annual Report online and participate in the AGM on September 23, 2026. Unregistered shareholders should update their email addresses with the RTA/DP.

Manaksia Convenes 42nd AGM on September 23, 2026; Proposes Re-Appointment of MD

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 27 Aug 2026, 05:54 PM

Manaksia Limited has released its Annual Report for FY26 and issued the notice convening its 42nd Annual General Meeting (AGM) on September 23, 2026, via Video Conferencing. Key agenda items include the adoption of FY26 standalone and consolidated financial statements and the re-appointment of Mr. Suresh Kumar Agrawal as Managing Director for a 3-year term starting November 23, 2026. The cut-off date for electronic voting eligibility was set as August 14, 2026. As per standalone financials in the report, total equity stood at ₹191.22 crore as of March 31, 2026.

42nd Annual General Meeting scheduled for Wednesday, September 23, 2026 at 12:30 PM IST via VC/OAVM
Special Resolution proposed for the re-appointment of Managing Director Suresh Kumar Agrawal for 3 years from November 23, 2026 to November 22, 2029
Cut-off date for dispatch and remote e-voting eligibility was August 14, 2026
Standalone total equity reported at ₹191.22 crore (₹19,121.54 lakh) as of March 31, 2026

💡 Eligible shareholders may review the FY26 Annual Report and cast their votes on the ordinary and special business resolutions via the NSDL e-voting platform prior to or during the AGM.

Manaksia Q1 FY27 PBT Rises 70% to ₹36.83 Cr; Record Date Set for Sept 16

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 12 Aug 2026, 04:46 PM

Manaksia Limited reported a strong start to FY27 with consolidated revenue growing 28.5% YoY to ₹222.76 Cr. Profit Before Tax (PBT) saw a significant surge of 70.5% to ₹36.83 Cr, compared to ₹21.60 Cr in the year-ago period. The Metal Products segment remains the dominant revenue driver, contributing ₹185.61 Cr, while the Packaging segment showed robust growth to ₹37.15 Cr. The company has fixed September 16, 2026, as the record date for its 42nd Annual General Meeting.

Consolidated revenue for Q1 FY27 increased to ₹222.76 Cr from ₹173.39 Cr in Q1 FY26.
Profit Before Tax (PBT) grew by 70.5% YoY to ₹36.83 Cr.
Metal Products segment revenue rose to ₹185.61 Cr, representing 83% of total revenue.
Packaging Products segment revenue more than doubled YoY to ₹37.15 Cr from ₹17.68 Cr.
Record date for the 42nd AGM and e-voting is set for September 16, 2026.

💡 Investors should monitor the progress of the NCLT approval for the demerger of the Metal Product business into Manaksia Ferro Industries Limited, which is the company's primary strategy to unlock value.

Manaksia Q1 FY27 Revenue up 28.5% YoY to ₹222.76 Cr; PBT Rises 70.5%

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 12 Aug 2026, 04:40 PM

Manaksia Limited reported a strong start to FY27 with consolidated revenue reaching ₹222.76 Cr, a 28.5% increase from ₹173.39 Cr in Q1 FY26. Profit Before Tax (PBT) surged 70.5% YoY to ₹36.83 Cr, indicating significant margin improvement. The Metal Products segment remains the dominant revenue driver, contributing ₹185.61 Cr (83.3% of total). The company also confirmed its 42nd AGM for September 23, 2026, and is awaiting NCLT approval for the demerger of its metal business.

Consolidated revenue for Q1 FY27 grew 28.5% YoY to ₹222.76 Cr.
Profit Before Tax (PBT) increased by 70.5% YoY to ₹36.83 Cr from ₹21.60 Cr.
Metal Products segment revenue stood at ₹185.61 Cr, accounting for 83.3% of total revenue.
Packaging Products segment contributed ₹37.15 Cr to the quarterly revenue.
The 42nd AGM is scheduled for September 23, 2026, with a voting cut-off date of September 16, 2026.

💡 Investors should monitor the NCLT approval timeline for the demerger of the metal business into Manaksia Ferro Industries Limited, which is the primary strategy for unlocking shareholder value.

Manaksia Q1 FY27 Revenue Up 28% YoY to ₹222.76 Cr; PBT Jumps 70% to ₹36.83 Cr

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 12 Aug 2026, 04:30 PM

Manaksia Limited reported a strong performance for Q1 FY27, with consolidated revenue growing 28.5% YoY to ₹222.76 Cr. Profit Before Tax (PBT) saw a substantial increase of 70.5% YoY, reaching ₹36.83 Cr compared to ₹21.60 Cr in the year-ago period. The Metal Products segment remains the dominant contributor, accounting for 83.3% of total revenue. The company is also progressing with its strategic demerger of the metal business into Manaksia Ferro Industries Limited, which is currently awaiting NCLT approval.

Consolidated revenue for Q1 FY27 reached ₹222.76 Cr, up from ₹173.39 Cr in Q1 FY26.
Profit Before Tax (PBT) surged 70.5% YoY to ₹36.83 Cr.
Metal Products segment revenue grew to ₹185.61 Cr, representing 83.3% of total revenue.
Packaging Products segment revenue more than doubled YoY to ₹37.15 Cr from ₹17.68 Cr.
The 42nd Annual General Meeting (AGM) is scheduled for September 23, 2026.

💡 Investors should monitor the NCLT approval timeline for the demerger of the metal business, which is the primary value-unlocking catalyst. Additionally, track the sustainability of margins in the Metal Products segment given the company's historical sensitivity to raw material price volatility.

Manaksia Submits Q1 FY27 Dematerialization Certificate under SEBI Regulation 74(5)

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 08 Jul 2026, 01:29 PM

Manaksia Limited has filed its quarterly compliance certificate for the period ended June 30, 2026, as required by SEBI (Depositories and Participants) Regulations. The certificate, issued by Maheshwari Datamatics Private Limited, confirms that all dematerialization requests were processed within prescribed timelines. It further verifies that physical share certificates were mutilated and cancelled after due verification. This is a standard administrative filing with no impact on the company's financial or operational status.

Compliance certificate for the quarter ended June 30, 2026.
Confirmation of processing dematerialization requests within prescribed timelines.
Verification that physical certificates were mutilated and cancelled by the RTA.
Issued by Registrar and Transfer Agent (RTA) Maheshwari Datamatics Private Limited.

💡 No action is required as this is a routine procedural filing. Investors should focus on the upcoming quarterly financial results for operational updates.

Manaksia Limited Announces Trading Window Closure from July 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 25 Jun 2026, 12:07 PM

Manaksia Limited has announced the closure of its trading window starting July 1, 2026, in compliance with SEBI insider trading regulations. This closure is a standard procedure ahead of the announcement of the un-audited financial results for the quarter ending June 30, 2026. The window will remain closed for all designated persons, directors, and their immediate relatives. The trading restriction will be lifted 48 hours after the financial results are officially declared to the stock exchanges.

Trading window closure begins on July 1, 2026, for the Q1 FY 2026-27 results.
The closure applies to all Directors, Designated Persons, and their immediate relatives.
The window will reopen 48 hours after the un-audited financial results are announced.
The specific date for the Board Meeting to approve the results will be communicated later.

💡 This is a routine regulatory filing with no impact on company fundamentals. Investors should monitor the upcoming Q1 results announcement for performance updates.

Manaksia Approves FY26 Audited Results and Re-appoints Suresh Kumar Agrawal as MD

🟡 NEUTRAL ⭐ 7/10

EARNINGS 📅 29 May 2026, 06:11 PM

Manaksia Limited has approved its audited standalone and consolidated financial results for the fiscal year ended March 31, 2026. The statutory auditors, S K Agrawal and Co, issued an unmodified opinion on the financial statements, indicating no major accounting concerns. The board also approved the re-appointment of Mr. Suresh Kumar Agrawal as Managing Director for a further three-year term starting November 23, 2026. Additionally, Agrawal Tondon & Co. was re-appointed as the Internal Auditor for the 2026-27 financial year.

Approved audited standalone and consolidated financial results for the year ended March 31, 2026.
Statutory auditors issued an unmodified opinion for both standalone and consolidated results.
Re-appointed Mr. Suresh Kumar Agrawal as Managing Director for a 3-year term effective November 23, 2026.
Re-appointed Agrawal Tondon & Co. as Internal Auditor for the Financial Year 2026-27.
The board meeting concluded at 5:30 P.M. on May 29, 2026, following a 90-minute session.

💡 Investors should examine the detailed financial tables in the full report to evaluate the company's operational performance and margin trends. The re-appointment of the Managing Director suggests leadership stability for the next three years.

Manaksia Ltd Approves FY26 Audited Results and Re-appoints Suresh Kumar Agrawal as MD

🟡 NEUTRAL ⭐ 7/10

EARNINGS 📅 29 May 2026, 05:51 PM

Manaksia Limited has approved its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The statutory auditors issued an unmodified opinion, confirming the accuracy and fairness of the financial statements. In a move to ensure leadership continuity, the Board approved the re-appointment of Mr. Suresh Kumar Agrawal as Managing Director for a three-year term starting November 23, 2026. Additionally, Agrawal Tondon & Co. was re-appointed as the Internal Auditor for the 2026-27 fiscal year.

Adopted audited standalone and consolidated financial statements for the year ended March 31, 2026.
Statutory auditors S K Agrawal and Co issued an unmodified opinion on the financial results.
Re-appointed Mr. Suresh Kumar Agrawal as Managing Director for a 3-year term effective November 23, 2026.
Re-appointed Agrawal Tondon & Co. as Internal Auditor for the Financial Year 2026-27.
Consolidated results include performance from subsidiaries across Ghana, Nigeria, and India.

💡 Investors should monitor the detailed profit and loss statements in Annexure A to evaluate year-on-year growth. The re-appointment of the Managing Director suggests management stability, which is a positive sign for long-term strategy execution.

Manaksia Promoters Declare Zero Pledged Shares for FY Ended March 31, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 17 Apr 2026, 09:53 AM

Basudeo Agrawal, representing the promoter group and Persons Acting in Concert (PACs), has filed a mandatory disclosure under SEBI Takeover Regulations. The filing confirms that the promoter group held 1,68,73,480 shares, totaling a 25.747% stake in Manaksia Limited as of March 31, 2026. Crucially, the declaration states that no shares were encumbered or pledged during the financial year. This routine annual compliance ensures transparency regarding the status of promoter holdings.

Promoter group holds a total of 1,68,73,480 shares, representing 25.747% of the company.
Zero shares were encumbered or pledged by the promoter group during the financial year.
Vineet Agrawal is the largest holder within the group with 81,16,245 shares (12.384%).
Anuradha Agrawal holds 47,12,500 shares, accounting for 7.191% of the total capital.
The disclosure was made in compliance with Regulation 31(4) of SEBI (SAST) Regulations, 2011.

💡 This is a routine regulatory filing that confirms the absence of promoter share pledging, which is a positive sign of financial health. No immediate action is required as this does not change the company's fundamentals.

Manaksia Limited Submits SEBI Compliance Certificate for Q4 FY 2025-26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 10 Apr 2026, 04:02 PM

Manaksia Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, provided by Maheshwari Datamatics Private Limited, confirms that all dematerialization requests for the quarter ended March 31, 2026, were processed within the prescribed timelines. It further verifies that physical security certificates were mutilated and cancelled after due verification. This is a standard administrative filing required by all listed companies in India.

Compliance certificate submitted for the quarter ended March 31, 2026.
Issued by Registrar and Transfer Agent (RTA) Maheshwari Datamatics Private Limited.
Confirms that security certificates received for dematerialization were mutilated and cancelled.
Verification and substitution of depository names in the register were completed within SEBI timelines.

💡 This is a routine regulatory filing with no impact on the company's fundamentals. No specific action is required from investors.

Manaksia Promoters Declare Zero Pledged Shares for FY 2025-26; Total Holding at 49.18%

🟢 POSITIVE ⭐ 4/10

REGULATORY 📅 10 Apr 2026, 12:43 PM

Suresh Kumar Agrawal, representing the promoter group and Persons Acting in Concert (PAC), has submitted a formal declaration under SEBI Takeover Regulations for the financial year ended March 31, 2026. The disclosure confirms that the promoter group has not encumbered or pledged any shares, directly or indirectly, during the period. The total promoter shareholding stands at 3,22,32,460 shares, which accounts for 49.184% of the company's total equity. This routine annual filing provides transparency regarding the stability of the promoter's stake.

Promoter group confirms zero (NIL) encumbrance of shares for the financial year ended March 31, 2026.
Total promoter and PAC shareholding is 3,22,32,460 shares, representing 49.184% of the company.
Major individual holdings include Varun Agrawal at 18.878% and Suresh Kumar Agrawal at 9.427%.
Corporate entities like Vajra Machineries Private Limited and Manaksia Steels Limited hold 9.508% and 6.103% respectively.

💡 Investors should note this as a positive sign of financial health and promoter commitment, as zero pledging reduces the risk of market volatility-induced sell-offs. No immediate action is required as this is a routine compliance disclosure.

View All MANAKSIA Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Consolidated revenue grew 2.7% YoY to INR 785.37 Cr. Standalone revenue (primarily metal trading) grew 1.4% YoY to INR 175.46 Cr. Mark Steels Limited (subsidiary) revenue declined 9.9% to INR 152.83 Cr.

Geographic Revenue Split

The Group has significant operations in Nigeria (MINL Limited, Jebba Paper Mills), Ghana (Dynatech Industries), and India (Mark Steels, Manaksia Ferro Industries). Specific % split per region is not disclosed in available documents.

Profitability Margins

Consolidated EBITDA margin fell from 20.78% to 13.81% (a 697 bps drop). Consolidated PAT margin declined from 9.88% to 7.13% (INR 55.98 Cr PAT). Standalone PAT was INR 6.05 Cr, down 67% YoY from INR 18.34 Cr.

EBITDA Margin

Consolidated EBITDA margin was 13.81% in FY 2024-25, down from 20.78% in FY 2023-24. EBITDA absolute value fell 31.7% to INR 108.48 Cr due to an 18.3% increase in raw material consumption costs.

Capital Expenditure

Consolidated additions to Property, Plant and Equipment (PPE) were INR 6.61 Cr in FY 2024-25, primarily driven by Building additions of INR 6.27 Cr. Capital Work in Progress (CWIP) stood at INR 0.20 Cr.

Credit Rating & Borrowing

The Company improved its debt-equity ratio to 0.04x in FY 2024-25 from 0.13x in FY 2023-24. Interest coverage ratio was 9.30x as of March 31, 2025. Consolidated finance costs were INR 1.10 Cr.

⚙️ Operational Drivers

Raw Materials

Metals and other items for trading; raw materials for metal products and paper manufacturing (Jebba Paper Mills). Specific material names like aluminum or steel coils are implied but not itemized.

Capacity Expansion

Current installed capacity is not specified. Planned expansion involves the demerger of the metal product business into Manaksia Ferro Industries Limited (MFIL) to focus on operational efficiency.

Raw Material Costs

Cost of materials consumed (Consolidated) was INR 425.92 Cr, representing 54.2% of total revenue, up 18.3% YoY from INR 359.94 Cr.

📈 Strategic Growth

Growth Strategy

The primary strategy is the demerger of the metal product business into Manaksia Ferro Industries Limited (MFIL) to unlock shareholder value and focus on core trading and manufacturing separately. The company also relies on its diversified product portfolio to sustain performance amid policy shifts in foreign markets.

Products & Services

Trading of Metals and other items; Metal Products; Paper (via Jebba Paper Mills).

Brand Portfolio

Mark Steels, MINL, Jebba Paper Mills, Dynatech Industries.

🌍 External Factors

Industry Trends

The industry is characterized by volatile raw material costs and regional political risks. The company is positioning itself for the future by demerging manufacturing from trading to improve focus and efficiency.

Competitive Landscape

Key competitors include Manaksia Steels Limited, Manaksia Aluminium Company Limited, and Manaksia Coated Metals & Industries Limited (related parties).

Competitive Moat

Moat is built on a diversified product portfolio and strong consumer demand for its offerings, which provides resilience against regional governance shifts. This is sustainable as long as the company maintains its low-debt profile (0.04x D/E).

Macro Economic Sensitivity

Sensitive to Nigeria's political and policy environment and global metal price fluctuations.

Geopolitical Risks

Nigeria's political environment is cited as a key risk to stability and growth for the Group's foreign subsidiaries.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to the Companies Act 2013, SEBI Listing Obligations, and local regulations in Nigeria and Ghana. The demerger is being executed under Sections 230-232 of the Companies Act.

Taxation Policy Impact

Consolidated tax provision was INR 26.66 Cr for FY 2024-25, representing an effective tax rate of approximately 31.4% on PBT.

Legal Contingencies

The company notes inherent limitations in internal financial controls regarding fraud or collusion. No specific pending court case values are disclosed.

⚠️ Risk Analysis

Key Uncertainties

Nigeria political risk and raw material price volatility (which caused a 31.7% drop in EBITDA) are the primary uncertainties.

Geographic Concentration Risk

Significant revenue concentration in Nigeria and India.

Third Party Dependencies

Related party purchases of goods totaled INR 339.96 Cr, indicating significant dependency on group-linked entities.

Credit & Counterparty Risk

Consolidated trade receivables for the demerged undertaking were INR 37.98 Cr. Standalone undisputed trade receivables considered good were INR 3.45 Cr.