Manaksia Coated Metals & Industries Ltd Q4 FY26 Results
MANAKCOATQ4 FY26 ResultsAnnounced 6 May, 5:40 pm| Metric | Value (₹ Cr) | Q4 FY25 |
|---|---|---|
| Revenue | 227.46 | 9.4% |
| Total Income | 228.75 | 9.0% |
| Expenditure | 222.36 | 9.5% |
| PBT | 6.38 | 5.0% |
| Net Profit | 5.37 | 6.7% |
| OPM | 6.31% | 0.99pp |
| NPM | 2.35% | 0.05pp |
| EPS | 0.66 | 2.9% |
Manaksia Coated Metals FY26 PAT Surges 164% YoY
06 May 2026 · 6 May, 7:32 pm
Summary
Manaksia Coated Metals & Industries Limited (MCMIL) announced robust financial results for FY 2025-26, with revenue from operations growing by 13.50% year-on-year to ₹896.27 Crore. The company's Profit After Tax (PAT) witnessed a remarkable surge of 164% to ₹40.69 Crore, while EBITDA increased by 49.21% to ₹92.21 Crore. Management hailed FY26 as a landmark year, attributing the strong performance to record revenue, higher exports, improved realizations, and the successful commercialization of its Aluminium-Zinc coating technology. Despite experiencing temporary margin pressure in Q4 FY26 due to elevated costs, MCMIL is optimistic about FY 2026-27, anticipating meaningful contributions from its strong order visibility, ramp-up of the Alu-Zinc line, and the commissioning of the second colour coating line and a captive solar plant.
Key Highlights
- 1
Manaksia Coated Metals & Industries Limited (MCMIL) reported a revenue from operations of ₹896.27 Crore for the full year FY 2025-26, marking a 13.50% year-on-year growth.
- 2
Profit After Tax (PAT) for FY 2025-26 surged by an impressive 164% year-on-year to ₹40.69 Crore, resulting in a PAT Margin expansion of 259 bps to 4.54%.
- 3
EBITDA for the full year FY 2025-26 grew by 49.21% to ₹92.21 Crore, with the EBITDA Margin expanding by 246 bps to 10.29%.
- 4
Q4 FY26 revenue from operations increased by 9.00% year-on-year to ₹228.74 Crore, while PAT for the quarter rose 6.73% to ₹5.37 Crore.
- 5
Export tonnage achieved an all-time high of 66,172 MT in FY26, representing a significant 110% year-on-year increase, with exports' share of total revenue expanding to 68.21%.
- 6
The company successfully commercialized its Aluminium-Zinc coating technology and expects its second colour coating line to commence commercial production in Q2 FY27, substantially enhancing value-added capacity.
- 7
MCMIL achieved its targeted Net Debt to EBITDA ratio of close to 1x for FY 2025-26, reflecting strong cash flows and continued deleveraging.
Management Comments
Karan Agrawal
FY26 has been a landmark year for Manaksia Coated Metals & Industries Limited, marked by record revenue and strong growth in EBITDA and profitability, driven by higher exports, improved realizations, and an increasing share of value-added products. During the year, the company successfully commercialized its Aluminium-Zinc coating technology, strengthening its position in the premium coated steel segment. The newly upgraded line has stabilized well, with encouraging customer response and improving capacity utilization. Despite temporary margin pressure in Q4FY26 arising from elevated freight, energy, and input costs amid geopolitical disruptions, demand remained healthy and profitability continued to remain resilient. Operationally, the company continued to witness strong momentum across its pre-painted steel segment, supported by rising export demand and improved product mix. Export volumes reached an all-time high during FY26, while the share of value-added products further improved, reinforcing the company’s strategy of focusing on premium and high-margin steel products. The company also made significant progress on its expansion and sustainability initiatives. The second colour coating line is progressing as planned and is expected to commence commercial production in Q2FY27, which will substantially enhance the company’s value-added production capacity. In addition, the 7 MW captive solar power project is advancing well and is expected to reduce power costs and improve operational sustainability. From a balance sheet perspective, the company achieved its targeted Net Debt to EBITDA ratio of close to 1x, reflecting strong cash flows, disciplined capital allocation, and continued deleveraging. The Company enters FY 2026-27 with strong order visibility, significant new capacity coming on stream, and an improved balance sheet. The ramp-up of the Alu-Zinc line, commissioning of the second colour coating line and the solar plant are expected to contribute meaningfully to revenue and margins in H1 FY-27. MCMIL remains focused on its strategic pillars of premiumisation, export growth, operational efficiency, and balance sheet deleveraging.
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