Manaksia Coated Metals & Industries Limited (MANAKCOAT.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

-60.8%

₹56.63

vs ₹144.31 price

Levered DCF

-₹47.34

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

3.62

Safe zone

Rating

Overall 3 / 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	21.93×	38×	18.98×	10.35×	19.7×	13.26×	5.81×	-95.09×
P/B	2.56×	2.58×	1.4×	0.81×	1.57×	0.77×	0.18×	0.44×
P/S	1.01×	0.75×	0.29×	0.15×	0.26×	0.17×	0.07×	0.15×
EV / EBITDA	10.56×	11.57×	7.46×	7.32×	8.92×	6.92×	6.19×	6.84×
Gross margin	22.6%	21.7%	12.5%	11.2%	16.7%	13.5%	14.1%	12.1%
Operating margin	8.0%	5.7%	5.6%	3.6%	4.3%	5.9%	7.4%	4.6%
Net margin	4.6%	2.0%	1.5%	1.4%	1.3%	1.3%	1.1%	-0.2%
Current ratio	1.79×	1.39×	1.21×	1.13×	1.15×	1.17×	1.13×	1.03×
Debt / equity	0.33×	0.64×	1.17×	1.59×	1.63×	1.48×	1.48×	1.43×
Interest coverage	2.43×	1.34×	1.27×	1.08×	1.2×	1.37×	1.04×	0.86×
Dividend yield	0.1%	0.1%	0.1%	0.0%	0.1%	0.0%	0.0%	0.0%
Payout ratio	1.1%	2.4%	1.8%	0.0%	2.3%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	11.7%	6.8%	7.4%	7.8%	7.9%	5.9%	3.0%	-0.5%
Return on invested capital	11.2%	8.6%	9.0%	5.7%	6.5%	6.9%	6.4%	-0.9%
Return on assets	5.4%	2.4%	2.1%	1.7%	1.8%	1.3%	0.7%	-0.1%
Free cash flow yield	-8.9%	1.4%	6.5%	-2.6%	12.8%	16.5%	9.0%	3.7%
Earnings yield	4.6%	2.6%	5.3%	9.6%	5.1%	7.6%	17.1%	-1.1%
Enterprise value	₹9.7B	₹7.3B	₹3.9B	₹2.9B	₹3.4B	₹2.2B	₹1.5B	₹1.7B
Net debt / EBITDA	0.88×	2.29×	3.39×	4.84×	4.49×	4.51×	5.53×	5.23×
Cash conversion cycle (days)	91	53	65	65	70	74	101	62