Manaksia Aluminium Company Limited (MANAKALUCO.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-172.5%

-₹21.19

vs ₹29.21 price

Levered DCF

-₹66.11

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	18.9×	23.32×	35.38×	15.11×	21.01×	-18.02×	2.92×	6.16×
P/B	1×	1.04×	1.39×	1.07×	1.35×	0.52×	0.15×	0.43×
P/S	0.25×	0.28×	0.42×	0.28×	0.36×	0.21×	0.06×	0.17×
EV / EBITDA	7.59×	8.49×	10.74×	8.86×	11.72×	13.66×	4.36×	7.05×
Gross margin	22.3%	29.6%	12.2%	24.7%	27.8%	10.9%	33.4%	23.6%
Operating margin	6.7%	6.8%	6.2%	5.1%	4.9%	2.8%	5.1%	4.1%
Net margin	1.3%	1.2%	1.2%	1.8%	1.7%	-1.2%	2.1%	2.7%
Current ratio	1.21×	1.1×	1.21×	1.35×	1.27×	1.28×	1.35×	1.31×
Debt / equity	1.69×	1.77×	1.33×	1.17×	1.11×	1.02×	0.66×	0.62×
Interest coverage	1.34×	1.26×	1.25×	1.46×	1.62×	0.6×	1.15×	1.22×
Dividend yield	0.3%	0.3%	0.2%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	6.1%	7.6%	6.4%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	5.3%	4.5%	3.9%	7.1%	6.4%	-2.9%	5.2%	6.9%
Return on invested capital	6.9%	6.7%	6.6%	6.8%	7.2%	2.6%	7.1%	5.9%
Return on assets	1.4%	1.2%	1.2%	2.3%	2.0%	-1.0%	2.2%	2.9%
Free cash flow yield	-3.0%	-21.8%	-5.7%	-1.6%	-1.7%	-29.2%	42.7%	76.7%
Earnings yield	5.3%	4.3%	2.8%	6.6%	4.8%	-5.6%	34.3%	16.2%
Enterprise value	₹3.7B	₹3.7B	₹3.5B	₹2.8B	₹2.9B	₹1.7B	₹908.4M	₹1.1B
Net debt / EBITDA	4.63×	5.28×	5.25×	4.63×	5.29×	9.04×	3.54×	4.18×
Cash conversion cycle (days)	120	137	104	85	114	128	91	62