NSEI:MANAKALUCO

Stock Analysis Report

Executive Summary

Manaksia Aluminium Company Limited manufactures and sells aluminum products primarily in India.

Rewards

PE ratio (4.7x) is below the Indian market (12.9x)

Earnings grew by 89.9% over the past year

Risk Analysis

Interest payments are not well covered by earnings

Does not have a meaningful market cap (₹270M)

Highly volatile share price over past 3 months



Snowflake Analysis

Solid track record and fair value.

Share Price & News

How has Manaksia Aluminium's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MANAKALUCO's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-3.5%

MANAKALUCO

-2.4%

IN Metals and Mining

-1.8%

IN Market


1 Year Return

-47.1%

MANAKALUCO

-17.9%

IN Metals and Mining

5.2%

IN Market

Return vs Industry: MANAKALUCO underperformed the Indian Metals and Mining industry which returned -17.9% over the past year.

Return vs Market: MANAKALUCO underperformed the Indian Market which returned 5.2% over the past year.


Shareholder returns

MANAKALUCOIndustryMarket
7 Day-3.5%-2.4%-1.8%
30 Day-16.2%-2.0%-0.9%
90 Day-7.8%8.1%8.3%
1 Year-47.1%-47.1%-16.6%-17.9%7.2%5.2%
3 Year-30.3%-30.3%-0.6%-11.9%30.3%23.4%
5 Yearn/a17.3%-1.5%39.3%26.8%

Price Volatility Vs. Market

How volatile is Manaksia Aluminium's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Manaksia Aluminium undervalued compared to its fair value and its price relative to the market?

4.73x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate MANAKALUCO's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate MANAKALUCO's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: MANAKALUCO is good value based on its PE Ratio (4.7x) compared to the Metals and Mining industry average (8.7x).

PE vs Market: MANAKALUCO is good value based on its PE Ratio (4.7x) compared to the Indian market (12.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MANAKALUCO's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MANAKALUCO is good value based on its PB Ratio (0.2x) compared to the IN Metals and Mining industry average (0.8x).


Next Steps

Future Growth

How is Manaksia Aluminium forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.8%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Manaksia Aluminium has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Manaksia Aluminium performed over the past 5 years?

70.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MANAKALUCO has high quality earnings.

Growing Profit Margin: MANAKALUCO's current net profit margins (2%) are higher than last year (1.3%).


Past Earnings Growth Analysis

Earnings Trend: MANAKALUCO has become profitable over the past 5 years, growing earnings by 70.6% per year.

Accelerating Growth: MANAKALUCO's earnings growth over the past year (89.9%) exceeds its 5-year average (70.6% per year).

Earnings vs Industry: MANAKALUCO earnings growth over the past year (89.9%) exceeded the Metals and Mining industry 0.6%.


Return on Equity

High ROE: MANAKALUCO's Return on Equity (5.3%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

  • Explore strong past performing companies in the Materials industry.

Financial Health

How is Manaksia Aluminium's financial position?


Financial Position Analysis

Short Term Liabilities: MANAKALUCO's short term assets (₹1.5B) exceed its short term liabilities (₹1.1B).

Long Term Liabilities: MANAKALUCO's short term assets (₹1.5B) exceed its long term liabilities (₹338.8M).


Debt to Equity History and Analysis

Debt Level: MANAKALUCO's debt to equity ratio (63.2%) is considered high.

Reducing Debt: MANAKALUCO's debt to equity ratio has reduced from 81.3% to 63.2% over the past 5 years.

Debt Coverage: MANAKALUCO's debt is not well covered by operating cash flow (7.4%).

Interest Coverage: MANAKALUCO's interest payments on its debt are not well covered by EBIT (1.5x coverage).


Balance Sheet

Inventory Level: MANAKALUCO has a high level of physical assets or inventory.

Debt Coverage by Assets: MANAKALUCO's debt is covered by short term assets (assets are 2.1x debt).


Next Steps

Dividend

What is Manaksia Aluminium's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%0.6%markettop25%2.5%industryaverage4.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate MANAKALUCO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate MANAKALUCO's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MANAKALUCO's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MANAKALUCO's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MANAKALUCO's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

What is the CEO of Manaksia Aluminium's salary, the management and board of directors tenure and is there insider trading?

2.8yrs

Average board tenure


CEO

Sunil Agrawal (58yo)

5.1yrs

Tenure

₹12,600,000

Compensation

Mr. Sunil Kumar Agrawal has been Managing Director at Manaksia Aluminium Company Limited since November 23, 2014 and has been its Executive Director since March 25, 2010. Mr. Agrawal has wide experience an ...


CEO Compensation Analysis

Compensation vs Market: Sunil's total compensation ($USD176.25K) is above average for companies of similar size in the Indian market ($USD33.57K).

Compensation vs Earnings: Sunil's compensation has increased by more than 20% in the past year.


Board Age and Tenure

2.8yrs

Average Tenure

51yo

Average Age

Experienced Board: MANAKALUCO's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: MANAKALUCO insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Buy₹2,756,18512 Sep 19
Vineet Agrawal
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares608,600
Max Price₹4.53
Buy₹1,142,39727 Mar 19
Tushar Agrawal
EntityIndividual
Shares170,000
Max Price₹6.72
Buy₹1,142,39727 Mar 19
Anirudha Agrawal
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares170,000
Max Price₹6.72
Buy₹1,083,19426 Mar 19
Tushar Agrawal
EntityIndividual
Shares160,000
Max Price₹6.77
Buy₹1,083,19426 Mar 19
Anirudha Agrawal
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares160,000
Max Price₹6.77
Buy₹2,888,60923 Mar 19
Tushar Agrawal
EntityIndividual
Shares420,000
Max Price₹7.00
Buy₹1,403,99623 Mar 19
Anirudha Agrawal
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares200,000
Max Price₹7.02
Buy₹1,489,39323 Mar 19
Anirudha Agrawal
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares220,000
Max Price₹6.77
Buy₹2,820,32022 Mar 19
Vineet Agrawal
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares400,000
Max Price₹7.07
Buy₹2,830,85616 Mar 19
Vineet Agrawal
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares381,247
Max Price₹7.43

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Sunil Agrawal (58yo)

    MD & Executive Director

    • Tenure: 5.1yrs
    • Compensation: ₹12.60m
  • Vivek Jain (32yo)

    Company Secretary & Compliance Officer

    • Tenure: 0yrs
    • Compensation: ₹540.00k
  • Joy Roy (55yo)

    General Manager of HR

    • Tenure: 0yrs
  • Sanjib Sen (53yo)

    Head of Mechanical

    • Tenure: 0yrs
  • Ashok Agarwal (43yo)

    CFO & GM of Accounts

    • Tenure: 0.6yrs
  • Sandeep Joshi (44yo)

    Unit Head

    • Tenure: 0yrs
  • Satheesh K. (43yo)

    Sales Manager

    • Tenure: 0yrs

Board Members

  • Ajay Chakraborty (74yo)

    Independent Chairman of the Board

    • Tenure: 0yrs
    • Compensation: ₹104.00k
  • Sunil Agrawal (58yo)

    MD & Executive Director

    • Tenure: 5.1yrs
    • Compensation: ₹12.60m
  • Vineet Agrawal (43yo)

    Non-Executive Director

    • Tenure: 5.1yrs
    • Compensation: ₹61.00k
  • Anirudha Agrawal (30yo)

    Non-Executive Director

    • Tenure: 5.1yrs
    • Compensation: ₹48.00k
  • Rupanjana De (44yo)

    Additional Non-Executive & Independent Director

    • Tenure: 0.6yrs
  • Chandan Ambaly (58yo)

    Additional Non-Executive & Independent Director

    • Tenure: 0.6yrs
  • Shyamal Chakraborty

    Additional Director

    • Tenure: 0.08yrs

Company Information

Manaksia Aluminium Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Manaksia Aluminium Company Limited
  • Ticker: MANAKALUCO
  • Exchange: NSEI
  • Founded: 2010
  • Industry: Aluminum
  • Sector: Materials
  • Market Cap: ₹270.000m
  • Shares outstanding: 65.53m
  • Website: https://www.manaksiaaluminium.com

Number of Employees


Location

  • Manaksia Aluminium Company Limited
  • Bikaner Building
  • 3rd Floor
  • Kolkata
  • West Bengal
  • 700001
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
539045BSE (Mumbai Stock Exchange)YesEquity SharesININRMar 2015
MANAKALUCONSEI (National Stock Exchange of India)YesEquity SharesININRMar 2015

Biography

Manaksia Aluminium Company Limited manufactures and sells aluminum products primarily in India. The company offers aluminum sheets and coils, aluminum flooring sheets, aluminum pattern sheets, aluminum roo ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/06 12:57
End of Day Share Price2019/12/05 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.