Synopsis:
Manaksia Steels Limited, a steel stock, reports 32% YoY revenue growth and a 301% YoY net profit surge in Q1 FY26 results
This penny steel stock, engaged in the manufacture and export of value-added secondary steel products, including cold-rolled, galvanized, and color-coated steel sheets and coils, serves the housing and infrastructure sectors and hit a 5 percent upper circuit after the company reported strong June quarterly results with a 301 percent YoY increase in net profit.
With a market capitalization of Rs. 426.36 crores, the shares of Manaksia Steels Limited hit a 5 percent upper circuit of Rs. 65.06 per share on Thursday, up from its previous closing price of Rs. 61.97 per share.
Q1 FY26 Result Walkthrough
Coming into the quarterly results of Manaksia Steels Limited, the company’s consolidated revenue from operations increased by 31.67 percent YOY, from Rs. 165.18 crore in Q1 FY25 to Rs. 217.49 crore in Q1 FY26, and grew by 6.54 percent QoQ from Rs. 204.14 crore in Q4 FY25.
In Q1 FY26, Manaksia Steels Limited’s consolidated net profit increased by 300.62 percent YOY, reaching Rs. 6.49 crore compared to Rs. 1.62 crore during the same period last year. As compared to Q4 FY25, the net profit has increased by 37.79 percent, from Rs. 4.71 crore. The basic earnings per share increased by 296 percent and stood at Rs. 0.99 as against Rs. 0.25 recorded in the same quarter in the previous year, 2025.
Financial Highlights: Manaksia Steels Limited’s revenue has increased from Rs. 632 crore in FY24 to Rs. 584 crore in FY25, which is a drop of 7.59 percent. The net profit has also decreased by 60 percent, from Rs. 30 crore in FY24 to Rs. 12 crore in FY25.
Manaksia Steels Limited’s revenue and net profit have grown at a CAGR of 3.66 percent and 5.92 percent, respectively, over the last five years. In terms of return ratios, the company’s ROCE and ROE stand at 4.15 percent and 3.80 percent, respectively. Manaksia Steels Limited has an earnings per share (EPS) of Rs. 2.40, and its debt-to-equity ratio is 0.67x.
Manaksia Steels Limited (MSL) was incorporated in 2001 by Mr. Suresh Kumar Agrawal. The company is a flagship company of the Manaksia Group, specializing in the manufacture and export of value-added secondary steel products primarily for the housing and infrastructure sectors in India and abroad.
The company operates from multiple locations, producing cold-rolled steel sheets and coils, galvanized sheets, and color-coated steel sheets and coils. Recently, MSL began commercial production of Aluzinc products at its Haldia plant (Purva Mednipur, West Bengal) as of June 2025, with a capacity of 110,200 TPA.
Written By – Nikhil Naik
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