Manaksia Coated Metals & Industries (NSEI:MANAKCOAT) - Share price, News & Analysis

MANAKCOAT fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	4/6
Financial Health	2/6
Dividends	0/6

MANAKCOAT Stock Overview

Manaksia Coated Metals & Industries Limited manufactures and sells metal and household products in India and internationally.

Rewards

Price-To-Earnings ratio (14.7x) is below the Indian market (19.4x)

Earnings have grown 46.9% per year over the past 5 years

Risk Analysis

Interest payments are not well covered by earnings

Does not have a meaningful market cap (₹1B)

Manaksia Coated Metals & Industries Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Manaksia Coated Metals & Industries
Historical stock prices
Current Share Price	₹19.35
52 Week High	₹62.55
52 Week Low	₹11.05
Beta	1.3
1 Month Change	-7.19%
3 Month Change	-28.33%
1 Year Change	36.27%
3 Year Change	366.27%
5 Year Change	85.17%
Change since IPO	13.16%

Recent News & Updates

Jun 20

We Ran A Stock Scan For Earnings Growth And Manaksia Coated Metals & Industries (NSE:MANAKCOAT) Passed With Ease

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...

Mar 30

Does Manaksia Coated Metals & Industries (NSE:MANAKCOAT) Have A Healthy Balance Sheet?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Shareholder Returns

	MANAKCOAT	IN Metals and Mining	IN Market
7D	-2.3%	-4.1%	2.3%
1Y	36.3%	-19.7%	-0.9%

Return vs Industry: MANAKCOAT exceeded the Indian Metals and Mining industry which returned -18.7% over the past year.

Return vs Market: MANAKCOAT exceeded the Indian Market which returned -1.7% over the past year.

Price Volatility

Is MANAKCOAT's price volatile compared to industry and market?
MANAKCOAT volatility
MANAKCOAT Average Weekly Movement	7.1%
Metals and Mining Industry Average Movement	7.7%
Market Average Movement	6.9%
10% most volatile stocks in IN Market	9.9%
10% least volatile stocks in IN Market	4.5%

Stable Share Price: MANAKCOAT is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: MANAKCOAT's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2010	279	Rajendra Lodhi	https://www.manaksiacoatedmetals.com

Manaksia Coated Metals & Industries Limited manufactures and sells metal and household products in India and internationally. The company offers galvanized steel sheets/coils, and pre-painted steel coils/sheets for various applications, such as construction, white goods, automotive, furniture, containers, and roofing and façade under the Colour Strong, Zingalvo, and Singham brand names. It also provides mosquito repellent coils, liquid vaporizers, incense, and paper cards, as well as aerosol for mosquitoes and other crawling insects; and manufactures ultramarine blue powder used for enhancing whiteness of clothes and white washing/painting of walls.

Manaksia Coated Metals & Industries Fundamentals Summary

How do Manaksia Coated Metals & Industries's earnings and revenue compare to its market cap?
MANAKCOAT fundamental statistics
Market Cap	₹1.27b
Earnings (TTM)	₹86.25m
Revenue (TTM)	₹6.48b

14.7x

P/E Ratio

0.2x

P/S Ratio

Is MANAKCOAT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
MANAKCOAT income statement (TTM)
Revenue	₹6.48b
Cost of Revenue	₹4.84b
Gross Profit	₹1.64b
Other Expenses	₹1.56b
Earnings	₹86.25m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	1.32
Gross Margin	25.35%
Net Profit Margin	1.33%
Debt/Equity Ratio	165.0%

How did MANAKCOAT perform over the long term?

See historical performance and comparison

Dividends

0.2%

Current Dividend Yield

2%

Payout Ratio

We’ve recently updated our valuation analysis.

Valuation

Is MANAKCOAT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MANAKCOAT?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for MANAKCOAT. This is calculated by dividing MANAKCOAT's market cap by their current preferred multiple.
What is MANAKCOAT's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	₹1.27b

MANAKCOAT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.4x
Enterprise Value/EBITDA	8.1x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does MANAKCOAT's PE Ratio compare to its peers?

MANAKCOAT PE Ratio vs Peers

The above table shows the PE ratio for MANAKCOAT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	43x

Forward PE

Price-To-Earnings vs Peers: MANAKCOAT is good value based on its Price-To-Earnings Ratio (14.7x) compared to the peer average (43x).

Price to Earnings Ratio vs Industry

How does MANAKCOAT's PE Ratio compare vs other companies in the Indian Metals and Mining Industry?

Price-To-Earnings vs Industry: MANAKCOAT is expensive based on its Price-To-Earnings Ratio (14.7x) compared to the Indian Metals and Mining industry average (11.8x)

Price to Earnings Ratio vs Fair Ratio

What is MANAKCOAT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MANAKCOAT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	14.7x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MANAKCOAT's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of MANAKCOAT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MANAKCOAT (₹19.35) is trading above our estimate of fair value (₹0.38)

Significantly Below Fair Value: MANAKCOAT is trading above our estimate of fair value.

Price to Earnings Growth Ratio

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

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Future Growth

How is Manaksia Coated Metals & Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

-13.1%

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 Coated Metals & Industries 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.

Discover growth companies

Check out Manaksia Coated Metals & Industries's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
Manaksia Coated Metals & Industries competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Manaksia Coated Metals & Industries performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

46.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MANAKCOAT has high quality earnings.

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

Past Earnings Growth Analysis

Earnings Trend: MANAKCOAT's earnings have grown significantly by 46.9% per year over the past 5 years.

Accelerating Growth: MANAKCOAT's earnings growth over the past year (47.4%) exceeds its 5-year average (46.9% per year).

Earnings vs Industry: MANAKCOAT earnings growth over the past year (47.4%) underperformed the Metals and Mining industry 76.9%.

Return on Equity

High ROE: MANAKCOAT's Return on Equity (7.9%) is considered low.

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Financial Health

How is Manaksia Coated Metals & Industries's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: MANAKCOAT's short term assets (₹3.1B) exceed its short term liabilities (₹2.7B).

Long Term Liabilities: MANAKCOAT's short term assets (₹3.1B) exceed its long term liabilities (₹1.0B).

Debt to Equity History and Analysis

Debt Level: MANAKCOAT's net debt to equity ratio (143.4%) is considered high.

Reducing Debt: MANAKCOAT's debt to equity ratio has increased from 66.7% to 165% over the past 5 years.

Debt Coverage: MANAKCOAT's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: MANAKCOAT's interest payments on its debt are not well covered by EBIT (1.1x coverage).

Balance Sheet

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Dividend

What is Manaksia Coated Metals & Industries's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

0.15%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: MANAKCOAT's dividend (0.15%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.44%).

High Dividend: MANAKCOAT's dividend (0.15%) is low compared to the top 25% of dividend payers in the Indian market (1.9%).

Stability and Growth of Payments

Stable Dividend: MANAKCOAT is not paying a notable dividend for the Indian market, therefore no need to check if payments are stable.

Growing Dividend: MANAKCOAT is not paying a notable dividend for the Indian market, therefore no need to check if payments are increasing.

Earnings Payout to Shareholders

Earnings Coverage: MANAKCOAT is not paying a notable dividend for the Indian market.

Cash Payout to Shareholders

Cash Flow Coverage: MANAKCOAT is paying a dividend but the company has no free cash flows.

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Management

How experienced are the management team and are they aligned to shareholders interests?

3.5yrs

Average management tenure

CEO

Rajendra Lodhi (53 yo)

1.5yrs

Tenure

₹7,500,000

Compensation

Mr. Rajendra Kumar Lodhi serves as Chief Executive Officer at Manaksia Coated Metals & Industries Limited since December 23, 2020. He served as Vice President of Sales and Marketing at Indian Steel Corpora...

Leadership Team

Experienced Management: MANAKCOAT's management team is considered experienced (3.5 years average tenure).

Board Members

Experienced Board: MANAKCOAT's board of directors are considered experienced (7.6 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

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

Data	Last Updated (UTC time)
Company Analysis	2022/06/24 00:00
End of Day Share Price	2022/06/24 00:00
Earnings	2022/03/31
Annual Earnings	2022/03/31