Manaksia Steels Ltd

BSE
BUY

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Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
49.95% Fall from 52W High
-8.7
TTM PE Ratio
Below industry Median
12.4
Price to Book Ratio
Below industry Median
1.2
Dividend yield 1yr %
0
TTM PEG Ratio
PEG TTM is less than 1
0.1
RSI
RSI is mid-range
41.8
MFI
MFI oversold
23.3

Manaksia Steels Ltd Key Financials

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*All values are in ₹ Cr.

*All values are in ₹ Cr.

*All values are in ₹ Cr.

*All values are in ₹ Cr.

Manaksia Steels Ltd shareholding Pattern

Promoter
74.8%
Foreign Institutions
0.8%
Public
24.5%
Promoter
74.8%
Foreign Institutions
0.9%
Public
24.4%
Promoter
74.8%
Foreign Institutions
1%
Public
24.3%
Promoter
74.8%
Foreign Institutions
0.7%
Public
24.5%
Promoter
74.8%
Foreign Institutions
0.1%
Public
25.1%
Promoter
74.8%
Foreign Institutions
0.1%
Public
25.2%

Manaksia Steels Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
0
Bearish Moving Averages
16
5Day EMA
54.40
10Day EMA
54.60
12Day EMA
54.70
20Day EMA
55.20
26Day EMA
55.60
50Day EMA
57.40
100Day EMA
58.90
200Day EMA
56.60
5Day SMA
54.70
10Day SMA
54.40
20Day SMA
54.90
30Day SMA
56.20
50Day SMA
57.20
100Day SMA
65.40
150Day SMA
60.40
200Day SMA
56.90
Delivery & Volume
Resistance & Support
53.88
Pivot
Resistance
First Resistance
54.27
Second Resistance
54.98
Third Resistance
55.37
Support
First Support
53.17
Second support
52.78
Third Support
52.07
Relative Strength Index
41.84
Money Flow Index
23.28
MACD
-0.91
MACD Signal
-1.04
Average True Range
1.24
Average Directional Index
13.36
Rate of Change (21)
-9.92
Rate of Change (125)
15.41
Peer comparison
Compare
Company
Market Price
Market Cap
52W Low
52W High
Visa Steel Ltd.
243.16
11.27
25.89
Shyam Century Ferrous Ltd.
375.76
16
32.29
Scan Steels Ltd.
-
-
-
Sharda Ispat Ltd.
-
-
-
Aerpace Industries Ltd.
-
-
-
Incredible Industries Ltd.
210.67
23.56
52.22

Manaksia Steels Ltd Company background

Founded in: 2001
Managing director: Varun Agrawal
Incorporation in 2001,MANAKSIA STEELS LIMITED, Flagship Company of the Manaksia Group,is engaged in manufacturing of steel products. The company is an ISO 9001: 2015 accredited entity and the product portfolio include Cold Rolled Steel Sheets Coils, Galvanized Steel sheets Coil. Color Coated Steel sheets coils. The Company manufactures and sells value added steel products comprising Cold Rolled Coils used in interior and exterior panels of automobiles, buses and commercial vehicles, Galvanised Corrugated Sheets which find use in the rural housing sector and factory sheds and Galvanised Plain Sheets, used in the manufacture of containers and water tanks and Colour Coated (Prepainted) Coils and Sheets for sale to construction, housing, consumer durable and other industries.The Honble Calcutta High Court vide its Order dated 24 March, 2014 has sanctioned the Scheme of Arrangement under the provisions of Sections 391394 of the Companies Act, 1956 for demerger of Steel Undertaking of Manaksia Limited into Manaksia Steels Limited on a going concern basis. The certified copy of the Order sanctioning the Scheme has been received by the Company on 19 November, 2014 and the Company has duly filed the said Order with the Registrar of Companies, West Bengal, on 23 November, 2014. The Scheme has become effective on and from the date of filing with the Registrar of Companies. Upon the Scheme being effective, the Company had made application to National Stock Exchange of India Limited and BSE Limited for listing of its equity shares. Accordingly the shares of the Company got listed on both the Stock Exchanges on 30 March, 2015.The Company was the whollyowned subsidiary of Manaksia Limited. Pursuant to Scheme of Arrangement as sanctioned by the Honble Calcutta High Court the Steel undertaking of Manaksia Limited has been transferred to Manaksia Steels Limited on a going concern basis. During the FY2015,the Company pursuant to the Scheme of Arrangement as sanctioned by the Honble Calcutta High Court vide its Order dated 24 March, 2014 has issued and allotted 65534050 shares to the shareholders of Manaksia Limited, one share of Re 1/ each of the Company, for every one share of Rs 2/ each held by them.As on 31 March 2016, the Company has a 120,000 MTPA Steel Cold Rolling Plant at Haldia for manufacture of Cold Rolled Coils and Sheets and continuous Galvanizing plants at Bankura (30,000 MTPA) and Haldia (60,000 MTPA). The Company has facilities at Haldia for further value addition of Steel and Aluminium Products, where Galvanized Steel Sheets and Cold Rolled Aluminium Sheets are prepainted /colour coated in a 48,000 MTPA colour coating line. The Company has also facilities for Roll Forming/ Profiling for direct supply to projects for industrial roofing as a part of such value addition.During the FY2018, the company set up a subsidiary at Dubai under the name and style of Technomet InternaOonal FZE, which acquired two companies at Nigeria namely Far East Steel Industries Limited and Federated Steel Mills Limited manufacturing steel long products.The COVED19 pandemic has rapidly spread across the world as well as in India and has caused shutdown of the plant and all offices from 24 March 2020. The Group has resumed operations in a phased manner in line with the directives of the respective local government.
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Manaksia Steels Ltd FAQs

The past 1-year return of Manaksia Steels Ltd [MANAKSTEEL] share was 29.68. The Manaksia Steels Ltd [MANAKSTEEL] share hit a 1-year low of Rs. 39 and a 1-year high of Rs. 107.1.

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