
About Manaksia Steels Limited
Data last updated:
Manaksia Steels Limited is a public limited company based in Kolkata, West Bengal, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 07 June 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN L27101WB2001PLC138341. Its GSTIN is 19AADCM9719Q1ZJ (West Bengal). The company holds 3 GST registrations, of which 1 is active. It is a listed company as per MCA records. Its shares are listed on BSE: 539044 and NSE: MANAKSTEEL.
The company has an authorised share capital of ₹7.5 Cr and a paid-up capital of ₹6.55 Cr. It is led by directors including Varun Agrawal (Managing Director) and Mrinal Kanti Pal.
Its last annual general meeting (AGM) was held on 23 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Turner Morrison Building 6 Lyons Range 1st Floor, Kolkata, West Bengal, India – 700001.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1,131.1 Cr, a growth of 78.3% compared to the previous year. For the same year it recorded a net profit of ₹39.84 Cr (net margin 3.5%) and EBITDA of ₹76.56 Cr (EBITDA margin 6.8%). The net worth stands at ₹325.98 Cr (up 12.7% YoY). Total assets are valued at ₹478.74 Cr (down 3.5% YoY).
The company has about 172 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Manaksia Steels. As per MCA filings, the company has open charges of ₹525 Cr and satisfied charges of ₹327.35 Cr on record. Court records list 6 cases involving the company, including 1 filed by the company and 5 filed against it; 3 cases are pending. The company has 28 deals on record (28 market trades); the latest was in April 2025. Its 8 peer companies in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products) are compared by revenue, 3 larger and 5 smaller; the largest is Hi-Tech Power and Steel Limited with revenue of ₹654.46 Cr. The company has 24 MSME Form 1 returns on record between 2018 and 2024, listing 448 overdue payments to 66 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website manaksiasteels.com.
Company details
CIN history
Manaksia Steels has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L27101WB2001PLC138341, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L27101WB2001PLC138341 | Current |
| U27101WB2001PLC138341 | Previous |
| U27101ML2001PLC006543 | Previous |
Contact details
Manaksia Steels Limited's registered office is in Kolkata, West Bengal. Its website is manaksiasteels.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressTurner Morrison Building 6 Lyons Range 1st Floor, Kolkata, West Bengal, India – 700001
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Manaksia Steels Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Manaksia Steels operates one associated brand: Manaksia Steels. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of prepainted galvanized steel sheets and coils | manaksiasteels.com |
Business activity
The main business activity of Manaksia Steels is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Manaksia Steels Limited, buy the company report.
Financials of Manaksia Steels Limited
FY 2025-26 filings availableManaksia Steels Limited reported revenue of ₹1,131.1 Cr (up 78.3% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,131 | 634 | 681 | 742 | 611 | 504 | 536 |
| Revenue growth | +78.3% | -6.9% | -8.3% | +21.5% | +21.2% | -6.0% | - |
| EBITDA | 76.56 | 14.03 | 37.37 | 24.07 | 53.12 | 39.31 | 19.32 |
| EBITDA margin | +6.8% | +2.2% | +5.5% | +3.2% | +8.7% | +7.8% | +3.6% |
| Profit before tax | 54.14 | 11.99 | 37.82 | 17.13 | 48.94 | 34.42 | 10.55 |
| Net profit | 39.84 | 9.96 | 28.43 | 11.18 | 33.60 | 24.90 | 7.79 |
| Net profit margin | +3.5% | +1.6% | +4.2% | +1.5% | +5.5% | +4.9% | +1.5% |
| EPS (₹) | 6.09 | 1.49 | 4.33 | 1.86 | 5.39 | 4.05 | 1.31 |
| Balance sheet | |||||||
| Total assets | 479 | 496 | 487 | 340 | 277 | 291 | 253 |
| Net worth | 326 | 289 | 300 | 290 | 266 | 223 | 191 |
| Total debt | 151 | 206 | 186 | 48.87 | 9.55 | 67.05 | 60.92 |
| Cash & bank | 4.74 | 10.25 | 29.29 | 29.11 | 18.09 | 16.62 | 44.41 |
| Net working capital | 210 | 219 | 205 | 132 | 143 | 78.56 | 111 |
| Cash flow | |||||||
| Cash from operations | 61.61 | 13.53 | (52.15) | 24.16 | (0.56) | 35.67 | (3.84) |
| Cash from investing | 3.28 | (20.86) | (80.68) | (63.48) | 58.66 | (67.53) | (26.45) |
| Cash from financing | (70.43) | 9.16 | 130 | 35.44 | (59.19) | 4.75 | 53.41 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 327 | 333 | 318 | 263 | 217 | 204 | 160 | 104 |
| Revenue growth (YoY) | +50.6% | +63.2% | +98.1% | +151.5% | +31.7% | - | - | - |
| Other income | 3.67 | (1.84) | 2.70 | 0.96 | 2.51 | 0.85 | 0.05 | 7.84 |
| EBITDA | 33.54 | 37.97 | 15.41 | 12.43 | 10.75 | 8.95 | 5.73 | (3.31) |
| EBITDA margin | +10.2% | +11.4% | +4.8% | +4.7% | +4.9% | +4.4% | +3.6% | -3.2% |
| Depreciation | 3.16 | 2.98 | 2.97 | 2.95 | 1.89 | 1.53 | 1.58 | 1.53 |
| Interest | 3.56 | 6.75 | 2.50 | 3.94 | 2.75 | 3.40 | 2.09 | 1.31 |
| Profit before tax | 30.49 | 26.40 | 12.64 | 6.50 | 8.62 | 4.87 | 2.11 | 1.69 |
| Tax | 7.84 | 7.08 | 3.04 | 1.99 | 2.13 | 0.17 | (0.22) | 0.60 |
| Net profit | 22.65 | 19.32 | 9.60 | 4.51 | 6.49 | 4.70 | 2.33 | 1.09 |
| EPS (₹) | 3.46 | 2.95 | 1.47 | 0.69 | 0.99 | 0.72 | 0.35 | 0.17 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,053 | 584 | 632 | 641 | 505 | 388 | 488 |
| Revenue growth | +80.3% | -7.6% | -1.5% | +27.2% | +30.0% | -20.5% | - |
| EBITDA | 72.23 | 12.06 | 32.43 | 17.07 | 38.81 | 27.72 | 14.38 |
| EBITDA margin | +6.9% | +2.1% | +5.1% | +2.7% | +7.7% | +7.2% | +3.0% |
| Profit before tax | 51.41 | 12.65 | 38.87 | 16.45 | 40.60 | 26.86 | 9.76 |
| Net profit | 38.08 | 11.19 | 27.99 | 11.55 | 27.82 | 19.09 | 7.89 |
| Net profit margin | +3.6% | +1.9% | +4.4% | +1.8% | +5.5% | +4.9% | +1.6% |
| EPS (₹) | 5.82 | 1.79 | 4.61 | 1.93 | 4.51 | 3.00 | 1.33 |
| Balance sheet | |||||||
| Total assets | 492 | 513 | 493 | 329 | 267 | 284 | 236 |
| Net worth | 339 | 306 | 309 | 282 | 257 | 219 | 193 |
| Total debt | 151 | 206 | 183 | 46.15 | 8.40 | 64.30 | 42.06 |
| Cash & bank | 3.15 | 8.17 | 23.09 | 22.54 | 7.75 | 6.76 | 23.70 |
| Net working capital | 208 | 221 | 172 | 126 | 145 | 93.24 | 124 |
| Cash flow | |||||||
| Cash from operations | 62.07 | 13.18 | (49.42) | 29.23 | (1.96) | 34.17 | (5.98) |
| Cash from investing | 3.17 | (19.08) | (84.34) | (66.88) | 59.44 | (71.65) | (21.96) |
| Cash from financing | (70.28) | 11.85 | 131 | 35.34 | (56.85) | 21.21 | 38.68 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 302 | 310 | 298 | 244 | 201 | 190 | 142 | 95.45 |
| Revenue growth (YoY) | +50.4% | +63.1% | +109.7% | +155.4% | +28.6% | - | - | - |
| Other income | 3.67 | (1.84) | 2.70 | 0.96 | 2.51 | 0.85 | 0.04 | 8.94 |
| Total expenses | 270 | 274 | 284 | 233 | 191 | 182 | 137 | 98.92 |
| EBITDA | 32.67 | 36.58 | 14.48 | 11.15 | 10.04 | 7.70 | 5.24 | (3.47) |
| EBITDA margin | +10.8% | +11.8% | +4.9% | +4.6% | +5.0% | +4.0% | +3.7% | -3.6% |
| Depreciation | 2.74 | 2.58 | 2.60 | 2.61 | 1.56 | 1.17 | 1.27 | 1.25 |
| Interest | 3.47 | 6.69 | 2.50 | 3.90 | 2.69 | 3.27 | 2.23 | 1.18 |
| Profit before tax | 30.13 | 25.47 | 12.08 | 5.60 | 8.30 | 4.11 | 1.78 | 3.04 |
| Tax | 7.74 | 6.75 | 2.97 | 1.60 | 1.94 | (0.21) | (0.89) | 0.66 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 327 | 333 | 318 | 263 | 217 | 204 | 160 | 104 |
| Revenue growth (YoY) | +50.6% | +63.2% | +98.1% | +151.5% | +31.7% | - | - | - |
| Other income | 3.67 | (1.84) | 2.70 | 0.96 | 2.51 | 0.85 | 0.05 | 7.84 |
| EBITDA | 33.54 | 37.97 | 15.41 | 12.43 | 10.75 | 8.95 | 5.73 | (3.31) |
| EBITDA margin | +10.2% | +11.4% | +4.8% | +4.7% | +4.9% | +4.4% | +3.6% | -3.2% |
| Depreciation | 3.16 | 2.98 | 2.97 | 2.95 | 1.89 | 1.53 | 1.58 | 1.53 |
| Interest | 3.56 | 6.75 | 2.50 | 3.94 | 2.75 | 3.40 | 2.09 | 1.31 |
| Profit before tax | 30.49 | 26.40 | 12.64 | 6.50 | 8.62 | 4.87 | 2.11 | 1.69 |
| Tax | 7.84 | 7.08 | 3.04 | 1.99 | 2.13 | 0.17 | (0.22) | 0.60 |
| Net profit | 22.65 | 19.32 | 9.60 | 4.51 | 6.49 | 4.70 | 2.33 | 1.09 |
| EPS (₹) | 3.46 | 2.95 | 1.47 | 0.69 | 0.99 | 0.72 | 0.35 | 0.17 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,131 | 634 | 681 | 742 | 611 | 504 | 536 |
| Revenue growth | +78.3% | -6.9% | -8.3% | +21.5% | +21.2% | -6.0% | - |
| Other income | 4.32 | 12.54 | 15.63 | 7.27 | 8.23 | 7.36 | 2.83 |
| Total expenses | 1,055 | 620 | 644 | 718 | 558 | 465 | 517 |
| Employee cost | 26.55 | 21.34 | 20.56 | 22.52 | 21.54 | 21.10 | 21.64 |
| EBITDA | 76.56 | 14.03 | 37.37 | 24.07 | 53.12 | 39.31 | 19.32 |
| EBITDA margin | +6.8% | +2.2% | +5.5% | +3.2% | +8.7% | +7.8% | +3.6% |
| Depreciation | 10.80 | 6.11 | 6.96 | 10.28 | 10.86 | 10.14 | 9.38 |
| Interest | 15.94 | 8.47 | 8.22 | 3.93 | 1.55 | 2.11 | 2.22 |
| Profit before tax | 54.14 | 11.99 | 37.82 | 17.13 | 48.94 | 34.42 | 10.55 |
| Tax | 14.23 | 2.25 | 9.44 | 4.93 | 13.61 | 7.86 | 1.93 |
| Net profit | 39.84 | 9.96 | 28.43 | 11.18 | 33.60 | 24.90 | 7.79 |
| Net profit margin | +3.5% | +1.6% | +4.2% | +1.5% | +5.5% | +4.9% | +1.5% |
| EPS (₹) | 6.09 | 1.49 | 4.33 | 1.86 | 5.39 | 4.05 | 1.31 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 6.55 | 6.55 | 6.55 | 6.55 | 6.55 | 6.55 | 6.55 |
| Reserves & surplus | 319 | 283 | 294 | 284 | 260 | 216 | 185 |
| Shareholders' funds (net worth) | 326 | 289 | 300 | 290 | 266 | 223 | 191 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 149 | 204 | 185 | 48.17 | 7.35 | 45.12 | 41.11 |
| Unsecured loans | 2.20 | 1.89 | 0.45 | 0.70 | 2.20 | 21.93 | 19.81 |
| Total debt | 151 | 206 | 186 | 48.87 | 9.55 | 67.05 | 60.92 |
| Total liabilities | 479 | 496 | 487 | 340 | 277 | 291 | 253 |
| Assets | |||||||
| Gross block | 216 | 115 | 112 | 131 | 126 | 127 | 129 |
| Net block | 152 | 62.39 | 58.62 | 72.06 | 76.84 | 88.24 | 98.68 |
| Capital work in progress | 32.71 | 92.52 | 31.98 | 6.92 | 5.02 | 0.36 | 3.10 |
| Investments | 85.89 | 129 | 185 | 129 | 52.20 | 24.55 | 10.57 |
| Inventories | 155 | 136 | 140 | 126 | 105 | 86.14 | 139 |
| Sundry debtors | 64.49 | 38.27 | 26.23 | 16.53 | 29.92 | 19.36 | 44.67 |
| Cash & bank balances | 4.74 | 10.25 | 29.29 | 29.11 | 18.09 | 16.62 | 44.41 |
| Loans & advances | 90.98 | 68.31 | 33.61 | 33.84 | 59.49 | 11.74 | 33.21 |
| Total current assets | 315 | 252 | 229 | 205 | 212 | 134 | 261 |
| Total current liabilities | 105 | 33.35 | 24.17 | 73.37 | 69.50 | 55.30 | 150 |
| Net working capital | 210 | 219 | 205 | 132 | 143 | 78.56 | 111 |
| Total assets | 479 | 496 | 487 | 340 | 277 | 291 | 253 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 10.05 | 8.21 | 11.44 | 15.32 | 16.41 | 43.52 | 20.40 |
| Net cash from operating activities | 61.61 | 13.53 | (52.15) | 24.16 | (0.56) | 35.67 | (3.84) |
| Net cash from investing activities | 3.28 | (20.86) | (80.68) | (63.48) | 58.66 | (67.53) | (26.45) |
| Net cash from financing activities | (70.43) | 9.16 | 130 | 35.44 | (59.19) | 4.75 | 53.41 |
| Net change in cash | (5.54) | 1.84 | (3.23) | (3.88) | (1.09) | (27.11) | 23.12 |
| Closing cash | 4.74 | 10.25 | 29.29 | 29.11 | 18.09 | 16.62 | 44.41 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +78.3% | -6.9% | -8.3% | +21.5% | +21.2% | -6.0% | - |
| EBITDA growth | +445.7% | -62.5% | +55.3% | -54.7% | +35.1% | +103.5% | - |
| PBT growth | +351.5% | -68.3% | +120.8% | -65.0% | +42.2% | +226.3% | -33.9% |
| Net income growth | +300.0% | -65.0% | +154.3% | -66.7% | +34.9% | +219.6% | - |
| Revenue CAGR (3Y) | +15.1% | +1.3% | +10.5% | +11.4% | -3.9% | +0.1% | - |
| EBITDA CAGR (3Y) | +47.1% | -35.8% | -1.7% | +7.6% | +37.6% | +7.6% | - |
| Profitability & leverage | |||||||
| Net income margin | +3.5% | +1.5% | +4.2% | +1.6% | +5.8% | +5.3% | +1.6% |
| Return on capital employed | +14.4% | +4.2% | +11.1% | +6.8% | +17.8% | +13.4% | +5.2% |
| Return on net worth | +13.0% | +3.3% | +9.6% | +4.4% | +14.5% | +12.8% | +4.1% |
| Debt / equity | 0.58 | 0.66 | 0.40 | 0.10 | 0.16 | 0.31 | 0.17 |
| Long-term debt / equity | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 |
| Interest cover | 24.24 | 106.94 | 27.03 | 28.50 | 3.67 | 7.23 | 22.33 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 6.84 | 5.60 | 5.61 | 5.79 | 4.83 | 3.94 | 4.79 |
| Inventory turnover | 7.78 | 4.60 | 5.12 | 6.44 | 6.40 | 4.49 | 4.70 |
| Debtors turnover | 22.01 | 19.67 | 31.86 | 31.96 | 24.79 | 15.75 | 8.43 |
| EPS (₹) | 6.09 | 1.49 | 4.33 | 1.86 | 5.39 | 4.05 | 1.31 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 49.74 | 44.15 | 45.85 | 44.31 | 40.60 | 34.00 | 29.17 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 302 | 310 | 298 | 244 | 201 | 190 | 142 | 95.45 |
| Revenue growth (YoY) | +50.4% | +63.1% | +109.7% | +155.4% | +28.6% | - | - | - |
| Other income | 3.67 | (1.84) | 2.70 | 0.96 | 2.51 | 0.85 | 0.04 | 8.94 |
| Total expenses | 270 | 274 | 284 | 233 | 191 | 182 | 137 | 98.92 |
| EBITDA | 32.67 | 36.58 | 14.48 | 11.15 | 10.04 | 7.70 | 5.24 | (3.47) |
| EBITDA margin | +10.8% | +11.8% | +4.9% | +4.6% | +5.0% | +4.0% | +3.7% | -3.6% |
| Depreciation | 2.74 | 2.58 | 2.60 | 2.61 | 1.56 | 1.17 | 1.27 | 1.25 |
| Interest | 3.47 | 6.69 | 2.50 | 3.90 | 2.69 | 3.27 | 2.23 | 1.18 |
| Profit before tax | 30.13 | 25.47 | 12.08 | 5.60 | 8.30 | 4.11 | 1.78 | 3.04 |
| Tax | 7.74 | 6.75 | 2.97 | 1.60 | 1.94 | (0.21) | (0.89) | 0.66 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,053 | 584 | 632 | 641 | 505 | 388 | 488 |
| Revenue growth | +80.3% | -7.6% | -1.5% | +27.2% | +30.0% | -20.5% | - |
| Other income | 4.32 | 13.64 | 18.48 | 7.23 | 8.23 | 6.03 | 2.82 |
| Total expenses | 981 | 572 | 600 | 624 | 466 | 360 | 473 |
| Employee cost | 20.30 | 16.39 | 14.53 | 13.40 | 13.17 | 12.33 | 13.63 |
| EBITDA | 72.23 | 12.06 | 32.43 | 17.07 | 38.81 | 27.72 | 14.38 |
| EBITDA margin | +6.9% | +2.1% | +5.1% | +2.7% | +7.7% | +7.2% | +3.0% |
| Depreciation | 9.35 | 4.85 | 4.83 | 5.38 | 5.63 | 5.75 | 5.86 |
| Interest | 15.79 | 8.20 | 7.21 | 2.47 | 0.81 | 1.14 | 1.58 |
| Profit before tax | 51.41 | 12.65 | 38.87 | 16.45 | 40.60 | 26.86 | 9.76 |
| Tax | 13.26 | 0.93 | 8.66 | 3.80 | 11.03 | 7.17 | 1.06 |
| Net profit | 38.08 | 11.19 | 27.99 | 11.55 | 27.82 | 19.09 | 7.89 |
| Net profit margin | +3.6% | +1.9% | +4.4% | +1.8% | +5.5% | +4.9% | +1.6% |
| EPS (₹) | 5.82 | 1.79 | 4.61 | 1.93 | 4.51 | 3.00 | 1.33 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 6.55 | 6.55 | 6.55 | 6.55 | 6.55 | 6.55 | 6.55 |
| Reserves & surplus | 332 | 300 | 302 | 275 | 251 | 212 | 187 |
| Shareholders' funds (net worth) | 339 | 306 | 309 | 282 | 257 | 219 | 193 |
| Secured loans | 149 | 204 | 104 | 45.45 | 7.35 | 45.12 | 17.20 |
| Unsecured loans | 2.20 | 1.89 | 79.18 | 0.70 | 1.05 | 19.18 | 24.86 |
| Total debt | 151 | 206 | 183 | 46.15 | 8.40 | 64.30 | 42.06 |
| Total liabilities | - | - | 493 | 329 | 267 | 284 | 236 |
| Assets | |||||||
| Gross block | 194 | 96.41 | 93.86 | 79.59 | 73.75 | 72.61 | 71.76 |
| Net block | 141 | 52.29 | 48.79 | 40.15 | 39.21 | 42.73 | 46.90 |
| Capital work in progress | 32.71 | 92.52 | 31.98 | 6.92 | 5.02 | 0.32 | 1.59 |
| Investments | 110 | 152 | 234 | 154 | 77.08 | 49.43 | 35.45 |
| Inventories | 147 | 133 | 135 | 92.70 | 81.78 | 79.79 | 86.76 |
| Sundry debtors | 64.22 | 38.05 | 25.80 | 14.94 | 18.84 | 16.73 | 42.53 |
| Cash & bank balances | 3.15 | 8.17 | 23.09 | 22.54 | 7.75 | 6.76 | 23.70 |
| Loans & advances | 89.96 | 67.93 | 32.70 | 18.66 | 56.28 | 8.37 | 29.84 |
| Total current assets | 304 | 247 | 217 | 149 | 165 | 112 | 183 |
| Total current liabilities | 95.78 | 26.03 | 44.67 | 22.44 | 19.55 | 18.41 | 59.07 |
| Net working capital | 208 | 221 | 172 | 126 | 145 | 93.24 | 124 |
| Total assets | 492 | 513 | 493 | 329 | 267 | 284 | 236 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 7.97 | 2.01 | 4.86 | 7.18 | 6.55 | 22.82 | 12.08 |
| Net cash from operating activities | 62.07 | 13.18 | (49.42) | 29.23 | (1.96) | 34.17 | (5.98) |
| Net cash from investing activities | 3.17 | (19.08) | (84.34) | (66.88) | 59.44 | (71.65) | (21.96) |
| Net cash from financing activities | (70.28) | 11.85 | 131 | 35.34 | (56.85) | 21.21 | 38.68 |
| Net change in cash | (5.05) | 5.96 | (2.85) | (2.32) | 0.63 | (16.27) | 10.74 |
| Closing cash | 3.15 | 8.17 | 23.09 | 22.54 | 7.75 | 6.76 | 23.70 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +80.3% | -7.6% | -1.5% | +27.2% | +30.0% | -20.5% | - |
| EBITDA growth | +498.9% | -62.8% | +90.0% | -56.0% | +40.0% | +92.8% | - |
| PBT growth | +306.4% | -67.5% | +136.3% | -59.5% | +51.2% | +175.2% | -40.9% |
| Net income growth | +240.3% | -60.0% | +142.3% | -58.5% | +45.7% | +142.0% | - |
| Revenue CAGR (3Y) | +18.0% | +5.0% | +17.7% | +9.6% | -9.9% | -7.7% | +13.5% |
| EBITDA CAGR (3Y) | +61.7% | -32.3% | +5.4% | +5.9% | +18.8% | -7.0% | -16.9% |
| Profitability & leverage | |||||||
| Net income margin | +3.6% | +2.0% | +4.8% | +2.0% | +5.9% | +5.1% | +1.8% |
| Return on capital employed | +13.4% | +4.1% | +11.2% | +6.4% | +15.0% | +10.8% | +4.8% |
| Return on net worth | +11.8% | +3.8% | +10.2% | +4.7% | +12.4% | +9.6% | +4.2% |
| Debt / equity | 0.55 | 0.63 | 0.39 | 0.10 | 0.15 | 0.26 | 0.11 |
| Long-term debt / equity | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 |
| Interest cover | 25.11 | 113.73 | 26.12 | 21.13 | 2.44 | 5.19 | 18.54 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 7.26 | 6.14 | 7.29 | 8.37 | 6.89 | 5.37 | 6.96 |
| Inventory turnover | 7.53 | 4.36 | 5.55 | 7.35 | 6.25 | 4.66 | 6.06 |
| Debtors turnover | 20.60 | 18.30 | 31.02 | 37.98 | 28.37 | 13.09 | 7.88 |
| EPS (₹) | 5.82 | 1.79 | 4.61 | 1.93 | 4.51 | 3.00 | 1.33 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 51.72 | 46.72 | 47.15 | 43.01 | 39.29 | 33.37 | 29.49 |
To see the full year-wise statements and ratios of Manaksia Steels Limited, buy the company report.
Board of directors of Manaksia Steels Limited
Manaksia Steels has 6 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mrinal Kanti Pal | Director | 27 Dec 2012 | 13 Years 9 Months | Current |
| Suresh Kumar Agrawal | Director | 23 Nov 2014 | 11 Years 11 Months | Current |
| Varun Agrawal Also directs: Vinayak Enclave & Developer LLP, Manaksia Limited, Manaksia Ferro Industries Limited and 5 more | Managing Director | 17 Nov 2014 | 11 Years 11 Months | Current |
| Ramesh Kumar Maheshwari Also directs: Manaksia Limited, Leadstone International LLP, Leadstone Metals Private Limited and 3 more | Director | 16 Jul 2019 | 7 Years 3 Months | Current |
| Nidhi Baheti Also directs: Manaksia Limited, Mark Steels Limited | Director | 16 Jun 2021 | 5 Years 4 Months | Current |
| Biswanath Bhattacharjee Also directs: Manaksia Limited | Director | 16 Jul 2024 | 2 Years 3 Months | Current |
Peer comparison
Manaksia Steels Limited is compared with the 8 companies closest to it by revenue in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Manaksia Steels Limitedthis company | ₹1,131.1 Cr (FY 2026) | ₹39.84 Cr | 3.5% | 78.3% | 172 | Kolkata, West Bengal, India |
| Hi-Tech Power and Steel Limited | ₹654.46 Cr (FY 2025) | 0.0% | Raipur, Chhattisgarh, India | |||
| Sundaram Steels Private Limited | ₹654.45 Cr (FY 2025) | -9.0% | Varanasi, Uttar Pradesh, India | |||
| Nirman TMT Steel Private Limited | ₹651.51 Cr (FY 2025) | -2.0% | Jaipur, Rajasthan, India | |||
| Namco Industries Private Limited | ₹646.49 Cr (FY 2025) | -37.0% | Raigarh, Maharashtra, India | |||
| Sourabh Rolling Mills Private Limited | ₹644.84 Cr (FY 2025) | 4.0% | Raipur, Chhattisgarh, India | |||
| Bassi Alloys Pvt Ltd | ₹644.68 Cr (FY 2025) | 17.0% | Punjab, India | |||
| Amba Shakti Steels Limited | ₹641.73 Cr (FY 2025) | 16.0% | New Delhi, Delhi, India | |||
| Balbir Rolling Mills Private Limited | ₹641.44 Cr (FY 2025) | -6.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Manaksia Steels Limited, buy the company report.
Auditor
Manaksia Steels Limited is audited by Agarwal Tondon & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Agarwal Tondon & Co. | FY 2023 | 329088E |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 74.80%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.60% and retail and other public shareholders hold 24.60%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 74.80% | 74.80% | 74.80% | 74.80% |
| Public | 25.20% | 25.20% | 25.20% | 25.20% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Feb 2026 | 101241466 | Others | ₹75 Cr | Open | |
| 14 Aug 2023 | 100764509 | Yes Bank Limited | ₹85 Cr | Open | |
| 30 Mar 2021 | 100461604 | Standard Chartered Bank | ₹10 Cr | Open | |
| 30 Dec 2020 | 100402200 | Hdfc Bank Limited | ₹15 Cr | Open | |
| 23 Dec 2020 | 100404602 | Hdfc Bank Limited | ₹145 Cr | Open |
To see the full charge records of Manaksia Steels Limited, buy the company report.
Total charge records: 14 View all charges
Deals & funding
Manaksia Steels Limited has 28 deals on record (28 market trades); the latest was in April 2025.
Deals on record (5 of 28)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2025 | Market trade | ₹2.98 Cr | Buyer: Shree Bahubali Stock Broking Limited |
| Jan 2024 | Market trade | ₹9.33 Cr | Buyer: Brilliant Investment Consultants Private Limted Seller: Brilliant Investment Consultants Private Limted, Forest Vincom Private Limited |
| Mar 2023 | Market trade | ₹1.87 Cr | Buyer: Forest Vincom Private Limited Seller: Silvertoss Shoppers Private Limited |
| Feb 2023 | Market trade | ₹6.63 Cr | Buyer: Brilliant Investment Consultants Private Limted Seller: Nishchaya Tradings Private Limited |
| Feb 2023 | Market trade | ₹5.06 Cr | Buyer: Collate Dealers Private Limited , Silvertoss Shoppers Private Limited Seller: Sawarnbhumi Vanijya Private Limited |
To see the full deal history of Manaksia Steels Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Manaksia Steels Limited has 6 court cases on record: 1 filed by Manaksia Steels, 5 filed against it. 3 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 3 | 2 |
| District courts | 2 | 2 | 1 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Commercial suit | Filed against the company by Reshu Trading Private Limited | Pending |
| High Court, West Bengal | Civil suit | Filed against the company by Reshu Trading Private Limited | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Reshu Trading Private Limited | Disposed |
| High Court, West Bengal | Civil suit | Filed against the company by Reshu Trading Private Limited | Disposed |
| High Court, West Bengal | Court case (OCOT) | Filed against the company by Principal Commissioner of Income Tax-1, Kolkata | Pending |
To see the full case history of Manaksia Steels Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Manaksia Steels Limited was last rated by Care on 21 Jul 2025.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 21 Jul 2025 |
To see the full credit ratings and regulatory alerts of Manaksia Steels Limited, buy the company report.
MSME payment delays
Manaksia Steels Limited has 24 MSME Form 1 returns on record between 2018 and 2024, listing 448 overdue payments to 66 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 66)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Harsons & Co. | |||
| an individual supplier | |||
| JPNR Corporate Consultants Private Limited | |||
| S K Agrawal & Co Chartered Accountant | |||
| an individual supplier |
To see the full MSME payment records of Manaksia Steels Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Manaksia Steels Limited has a workforce of 172 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
Manaksia Steels has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AADCM9719Q1ZJ | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Manaksia Steels Limited, buy the company report.
Recent activity
Manaksia Steels Limited has 22 board changes on record since 2001: 15 appointments and 7 cessations. The latest: Kali Kumar Chaudhuri ceased to be Director on 18 Sep 2024.
45 earlier events are in the company report.
News
Frequently asked questions
Manaksia Steels is an active public limited company based in Kolkata, West Bengal, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 07 June 2001 (25+ years old) and is registered under CIN L27101WB2001PLC138341. Listed on BSE: 539044 and NSE: MANAKSTEEL.
Manaksia Steels reported revenue of ₹1,131.1 Cr for FY 2025-26 (up 78.3% YoY) based on consolidated financials.
Manaksia Steels has 6 current directors:
- Varun Agrawal - Managing Director
- Mrinal Kanti Pal - Director
- Suresh Kumar Agrawal - Director
- Ramesh Kumar Maheshwari - Director
- Nidhi Baheti - Director
- Biswanath Bhattacharjee - Director
The latest financial statements of Manaksia Steels on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 23 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Manaksia Steels is 19AADCM9719Q1ZJ, registered in West Bengal. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Manaksia Steels is L27101WB2001PLC138341. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Manaksia Steels is a listed company as per MCA records. Its shares are listed on both BSE (code: 539044) and NSE (symbol: MANAKSTEEL).
Manaksia Steels has 6 court cases on record: 1 filed by the company and 5 filed against it. 3 are pending. Most are in the high courts.
Manaksia Steels was incorporated on 07 June 2001, making it 25+ years old. It is registered with the Registrar of Companies, Kolkata.
Manaksia Steels has 28 deals on record (28 market trades); the latest was in April 2025.
The peers of Manaksia Steels by revenue are Hi-Tech Power and Steel Limited, Sundaram Steels Private Limited, Nirman TMT Steel Private Limited, Namco Industries Private Limited, Sourabh Rolling Mills Private Limited and 3 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Kali Kumar Chaudhuri ceased to be Director on 18 Sep 2024. Biswanath Bhattacharjee was appointed as Director on 16 Jul 2024. Ajay Kumar Chakraborty ceased to be Director on 08 Aug 2023. Manaksia Steels has 22 board changes on record in total.