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- Metals and Mining
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- NSEI:MANAKCOAT
Manaksia Coated Metals & Industries Limited's (NSE:MANAKCOAT) most bullish insider, CEO Sushil Agrawal must be pleased with the recent 13% gain
Key Insights
- Insiders appear to have a vested interest in Manaksia Coated Metals & Industries' growth, as seen by their sizeable ownership
- A total of 2 investors have a majority stake in the company with 53% ownership
- Past performance of a company along with ownership data serve to give a strong idea about prospects for a business
If you want to know who really controls Manaksia Coated Metals & Industries Limited (NSE:MANAKCOAT), then you'll have to look at the makeup of its share registry. The group holding the most number of shares in the company, around 73% to be precise, is individual insiders. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
As a result, insiders scored the highest last week as the company hit ₹8.6b market cap following a 13% gain in the stock.
Let's take a closer look to see what the different types of shareholders can tell us about Manaksia Coated Metals & Industries.
See our latest analysis for Manaksia Coated Metals & Industries
What Does The Lack Of Institutional Ownership Tell Us About Manaksia Coated Metals & Industries?
We don't tend to see institutional investors holding stock of companies that are very risky, thinly traded, or very small. Though we do sometimes see large companies without institutions on the register, it's not particularly common.
There could be various reasons why no institutions own shares in a company. Typically, small, newly listed companies don't attract much attention from fund managers, because it would not be possible for large fund managers to build a meaningful position in the company. On the other hand, it's always possible that professional investors are avoiding a company because they don't think it's the best place for their money. Institutional investors may not find the historic growth of the business impressive, or there might be other factors at play. You can see the past revenue performance of Manaksia Coated Metals & Industries, for yourself, below.
Manaksia Coated Metals & Industries is not owned by hedge funds. Looking at our data, we can see that the largest shareholder is the CEO Sushil Agrawal with 42% of shares outstanding. Devansh Agarwal is the second largest shareholder owning 11% of common stock, and Tushar Agrawal holds about 5.0% of the company stock.
A more detailed study of the shareholder registry showed us that 2 of the top shareholders have a considerable amount of ownership in the company, via their 53% stake.
Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. As far as we can tell there isn't analyst coverage of the company, so it is probably flying under the radar.
Insider Ownership Of Manaksia Coated Metals & Industries
The definition of an insider can differ slightly between different countries, but members of the board of directors always count. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.
Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances.
Our most recent data indicates that insiders own the majority of Manaksia Coated Metals & Industries Limited. This means they can collectively make decisions for the company. Given it has a market cap of ₹8.6b, that means they have ₹6.2b worth of shares. It is good to see this level of investment. You can check here to see if those insiders have been buying recently.
General Public Ownership
With a 22% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Manaksia Coated Metals & Industries. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.
Next Steps:
I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Be aware that Manaksia Coated Metals & Industries is showing 2 warning signs in our investment analysis , and 1 of those can't be ignored...
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NSEI:MANAKCOAT
Manaksia Coated Metals & Industries
Manufactures and sells coated metal products in India and internationally.
Solid track record with mediocre balance sheet.