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Manaksia Steels
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Incorporation in 2001,MANAKSIA STEELS LIMITED, Flagship Company of the Manaksia Group,is engaged in manufacturing of steel products. The company is an ISO 9001: 2015 accredited entity and the product portfolio include Cold Rolled Steel Sheets & Coils, Galvanized Steel sheets & Coil. Color Coated Steel sheets & coils. The Company manufactures and sells value added steel products comprising Cold Rolled Coils used in interior and exterior panels of automobiles, buses and commercial vehicles, Galvanised Corrugated Sheets which find use in the rural housing sector and factory sheds and Galvanised Plain Sheets, used in the manufacture of containers and water tanks and Colour Coated (Pre-painted) Coils and Sheets for sale to construction, housing, consumer durable and other industries.
The Hon'ble Calcutta High Court vide its Order dated 24 March, 2014 has sanctioned the Scheme of Arrangement under the provisions of Sections 391-394 of the Companies Act, 1956 for demerger of Steel Undertaking of Manaksia Limited into Manaksia Steels Limited on a going concern basis. The certified copy of the Order sanctioning the Scheme has been received by the Company on 19 November, 2014 and the Company has duly filed the said Order with the Registrar of Companies, West Bengal, on 23 November, 2014. The Scheme has become effective on and from the date of filing with the Registrar of Companies. Upon the Scheme being effective, the Company had made application to National Stock Exchange of India Limited and BSE Limited for listing of its equity shares. Accordingly the shares of the Company got listed on both the Stock Exchanges on 30 March, 2015.
The Company was the wholly-owned subsidiary of Manaksia Limited. Pursuant to Scheme of Arrangement as sanctioned by the Hon'ble Calcutta High Court the Steel undertaking of Manaksia Limited has been transferred to Manaksia Steels Limited on a going concern basis. During the FY2015,the Company pursuant to the Scheme of Arrangement as sanctioned by the Hon'ble Calcutta High Court vide its Order dated 24 March, 2014 has issued and allotted 65534050 shares to the shareholders of Manaksia Limited, one share of Re 1/- each of the Company, for every one share of Rs 2/- each held by them.
As on 31 March 2016, the Company has a 120,000 MTPA Steel Cold Rolling Plant at Haldia for manufacture of Cold Rolled Coils and Sheets and continuous Galvanizing plants at Bankura (30,000 MTPA) and Haldia (60,000 MTPA). The Company has facilities at Haldia for further value addition of Steel and Aluminium Products, where Galvanized Steel Sheets and Cold Rolled Aluminium Sheets are pre-painted /colour coated in a 48,000 MTPA colour coating line. The Company has also facilities for Roll Forming/ Profiling for direct supply to projects for industrial roofing as a part of such value addition.
During the FY2018, the company set up a subsidiary at Dubai under the name and style of Technomet InternaOonal FZE, which acquired two companies at Nigeria namely Far East Steel Industries Limited and Federated Steel Mills Limited - manufacturing steel long products.
The COVED-19 pandemic has rapidly spread across the world as well as in India and has caused shutdown of the plant and all offices from 24 March 2020. The Group has resumed operations in a phased manner in line with the directives of the respective local government.
Manaksia Steels share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Manaksia Steels indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Manaksia Steels is valued compared to its competitors.
Manaksia Steels PE ratio helps investors understand what is the market value of each stock compared to Manaksia Steels 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Manaksia Steels evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Manaksia Steels generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Manaksia Steels in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Manaksia Steels shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Manaksia Steels compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Manaksia Steels over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Manaksia Steels helps investors get an insight into when they can enter or exit the stock. Key components of Manaksia Steels Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Manaksia Steels shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Manaksia Steels ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Manaksia Steels provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Manaksia Steels highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Manaksia Steels .
The balance sheet presents a snapshot of Manaksia Steels ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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