Manaksia Reports FY26 Revenue Rise And Strong Export Growth

11 May 2026 CW Team

The board of Manaksia Coated Metals & Industries Limited approved audited consolidated results for the quarter and year ended 31 March 2026, reporting a full year revenue of Rs 8,962.7 million (mn) and EBITDA of Rs 922.1 mn, representing growth of 49 per cent year on year. Profit after tax rose to Rs 406.9 mn, a surge of 164 per cent compared with the prior year. Quarterly revenue stood at Rs 2,287.4 mn, with PAT of Rs 53.7 mn.

Operationally the company recorded strong export momentum. Export volumes reached 66,172 tonne (t), up 110 per cent year on year from 31,453 t, driving exports to 68.21 per cent of revenue. Production of galvanised and Alu?Zinc steel reached 103,036 t and pre?painted steel production rose to 83,594 t. The share of pre?painted steel in total sales increased to 80 per cent from 74 per cent as the company concentrated on premium and value?added products.

The company completed the Alu?Zinc coating upgrade, increasing capacity from 132,000 tpa to 180,000 tpa, and commissioned the enhanced line in December 2025. A new second colour coating line with 150,000 tpa capacity will raise total colour coating capacity to 236,000 tpa; commissioning is scheduled in the second quarter of FY27. The seven megawatt (MW) captive solar project at the Kutch facility is advancing and is expected to offset around 50–55 per cent of grid consumption.

Balance sheet metrics improved materially, with net debt to EBITDA roughly one times and interest coverage rising to two point eight five times. The current ratio strengthened to one point seven five times and the debt?equity ratio reduced to one point one three times, supporting continued deleveraging. Management indicated that upgraded capacity, rising export share and sustained premiumisation are expected to support revenue and margin expansion in the near term. The company remains focused on operational efficiency, export growth and strategic capital allocation.

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11 May 2026

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