Manaksia Coated Metals & Industries Ltd · NSE:MANAKCOAT
Manaksia Coated Metals & Industries — Q2 FY26 Earnings Presentation
60 slides from Manaksia Coated Metals & Industries's earnings presentation, Oct 30, 2025
Slide 1: Cover letter to stock exchanges
Sec/Coat/077/FY 2025-26 Dated : 30.10.2025 The Secretary The Manager BSE Limited National Stock Exchange of India Limited New Trading Wing, Exchange Plaza, C-1, Block “G” Rotunda Building, 5th floor, Bandra Kurla Complex, PJ Tower, Dalal Street, Bandra East, Mumbai- 400001 Mumbai- 400051 Scrip Code:
Slide 2: Q2 & H1 FY26 Investor Presentation
Q2 & H1 FY26 INVESTOR PRESENTATION
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Manaksia Coated Metals & Industries Limited (MCMIL, The Company) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any s
Slide 4: Q2 & H1 FY26 Key Operational & Financial Highlights
Q2 & H1 FY26 Key Operational & Financial Highlights Investor Presentation 3
Slide 5: Q2 FY26 Consolidated Performance Highlights (Y-o-Y)
Q2 FY26 Consolidated Performance Highlights (Y-o-Y) Total Income EBITDA EBITDA Margin Net Profit Net Profit Margin 29.45 223.68 13.96 176.60 13.83 13.17 6.24 7.83 2.36 1.34 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 All Figures In ₹ Cr & Margin in % Investor Presentation 4
Slide 6: H1 FY26 Consolidated Performance Highlights (Y-o-Y)
H1 FY26 Consolidated Performance Highlights (Y-o-Y) Total Income EBITDA EBITDA Margin Net Profit Net Profit Margin 58.07 27.97 477.62 371.98 28.63 12.16 5.86 5.35 7.70 1.44 H1 FY25 H1 FY26 H1 FY25 H1 FY26 H1 FY25 H1 FY26 All Figures In ₹ Cr & Margin in % Investor Presentation 5
Slide 7: Credit Rating Upgraded – A Testament To Financial Strength
Credit Rating Upgraded – A Testament To Financial Strength Acuité Credit Rating Stronger Ratings Backed by Strong Fundamentals A1 Strong financial profile with consistent performance A A2 A (-) Prudent and disciplined financial management Healthy balance sheet and robust operational metrics Sustaine
Slide 8: Sustained Growth Backed By Strong Financial And Operational Metrics
Sustained Growth Backed By Strong Financial And Operational Metrics Continued Focus on Deleveraging and Operational Efficiency • Interest coverage surged to 3.62 in H1 FY26 from 1.89 in FY25, indicating stronger earnings capacity to service debt. • Liquidity position improved, with the current ratio
Slide 9: Management’s Comments On Q2 & H1 FY26 Performance
Management’s Comments On Q2 & H1 FY26 Performance We are delighted to report another strong quarter for MCMIL, marked by robust operational performance, significant improvement in profitability, and continued execution of our strategic growth initiatives. Revenue for Q2 FY26 grew by 26.66% year-on-y
Slide 10: MCMIL: Powering Progress With Premium Coated Metals
MCMIL: Powering Progress With Premium Coated Metals Investor Presentation 9
Slide 11: MCMIL: Specializing In Advanced Coated Metals
MCMIL: Specializing In Advanced Coated Metals Manaksia Coated Metals & Industries Limited (MCMIL, the Company) is one of the leading manufacturers and exporters of high-performance coated metal products, offering Pre-Painted and Plain Galvanised Steel in coil and sheet forms. Operating from its adva
Slide 12: Key Metrics Unveiled: Driving Excellence In Coated Metals
Key Metrics Unveiled: Driving Excellence In Coated Metals 43 20 + 240 Driving Scale Through 15 + Countries- States Presence Active Experience and Reach Years of Experience Export Presence Across India Customers ISO 9001:2015 BIS Certified Operational Excellence & ISO 14001:2015 400 + 3 Star IS 277 A
Slide 13: Journey: Growth Trajectory & Achievements
Journey: Growth Trajectory & Achievements Manaksia evolves into a multi-sector A new production The Manaksia conglomerate, expanding Manaksia Coated Metals facility is Successfully Group begins its operations across India, Manaksia Ltd. goes and Industries Limited commissioned in Regional expansion
Slide 14: Expanding Horizons: Growing Presence Across Markets
Expanding Horizons: Growing Presence Across Markets Jammu New Delhi Guwahati Kutch Bhopal Kolkata Ahmedabad Hyderabad Cochin ➢ LATVIA ➢ POLAND ➢ NETHERLANDS ➢ TANZANIA ➢ MOZAMBIQUE ➢ BURKINA FASO ➢ OMAN ➢ SLOVENIA ➢ UKRAINE ➢ CYPRUS ➢ GUINEA BISSAU ➢ CAMEROON ➢ GABON ➢ QATAR Corporate Office ➢ ROMAN
Slide 15: Manufacturing Excellence Centre
Manufacturing Excellence Centre The company’s manufacturing facility in Kutch, Gujarat, is strategically located near Kandla and Mundra Ports, facilitating efficient imports, exports, and access to domestic coastal routes. Investor Presentation 14
Slide 16: Accredited For Excellence And Performance
Accredited For Excellence And Performance ISO 9001:2015 ISO 45001:2018 BIS Certifications: Ensuring Product Integrity ISO 14001:2015 Three Star Export House Investor Presentation 15
Slide 17: Long Term Banking Relationships
Long Term Banking Relationships Investor Presentation 16
Slide 18: Comprehensive Steel Coating Solutions
Comprehensive Steel Coating Solutions Investor Presentation 17
Slide 19: Optimized Process For Steel Coating Excellence
Optimized Process For Steel Coating Excellence Other Input Raw Material ZINC PAINT Continuous Galvanising Line Continuous Colour Equipment Cold Rolling Mill (CGL) Coating Line (CCL) Hot Rolled Steel Cold Rolled Steel Galvanised Steel Pre-painted Steel Production (HRC) (CRC) (Gi) (PPGI) Process Final
Slide 20: Extensive Product Range
Extensive Product Range Galvanised Steel Sheets & Coils Pre-painted Steel Sheets & Coils Investor Presentation 19
Slide 21: Galvanised Steel Sheets & Coils: Precision Zinc Coating For Superior Quality
Galvanised Steel Sheets & Coils: Precision Zinc Coating For Superior Quality Product Overview • Galvanised Steel stands out for its superior quality, achieved through precise control of zinc coating and advanced surface treatments that enhance corrosion resistance. • Using state-of-the-art technolog
Slide 22: Pre-painted Steel Sheets & Coils: Advanced Coating For Corrosion Protection
Pre-painted Steel Sheets & Coils: Advanced Coating For Corrosion Protection Product Overview Profiles & Sheet Types • Designed for both performance and aesthetics, • TRHI-Ribapezoidal Profile-1000 Colour Coated Steel offers corrosion resistance • Trapezoidal HI-Rib Profile-1050 and superior visual a
Slide 23: Diverse Applications Of Coated Steel Products
Diverse Applications Of Coated Steel Products Domestic Roofing Metal Ceiling Dry Wall Partition Industrial Buildings HVAC Systems Refrigeration & Cladding Systems Systems Pharma Clean Metal Doors White Goods Modern Elevator Bus Body Metal Safes Rooms & Windows & Appliances Systems Building Solar Wat
Slide 24: Empowering The Future With Visionary Management
Empowering The 0 Future With Visionary Management Investor Presentation 23
Slide 25: Management Team At A Glance
Management Team At A Glance Mr. Sushil Agrawal Mr. Karan Agrawal Mr. Mahendra Bang Mr. R K Lodhi Mr. Sakesh Soni Mr. Anil Patil (Managing Director) (Whole Time Director) (Chief Financial Officer) (Head – Steel Business) (Chief Operating Officer) (Quality Chief) • 40+ years’ experience in • 17+ years
Slide 26: Management Team At A Glance
Management Team At A Glance Mr. Tushar Agrawal Mr. Priyaranjan Srivastava Mr. Bhaskar Kantekar Mr. Sachin Kapendra Mishra Mr. Arup Bhaduri (Senior Vice President) (General Manager - Finance) (Senior. General Manager - Sales (Senior General Manager – Sales (Assistant General Manager - & Marketing – D
Slide 27: Key Operational Metrics At A Glance
Key Operational Metrics At A Glance Investor Presentation 26
Slide 28: Total Sales Quantitative Performance
Total Sales Quantitative Performance MTPA Galvanised steel coils Pre-Painted Steel Coils Total Volume 17.21% CAGR 1,02,174 89,966 74,377 75,338 61,479 50,458 53,284 42,941 28,487 26,836 23,919 10,343 FY23 FY24 FY25 H1 FY26 The company successfully shifted its focus towards achieving a higher volume
Slide 29: Q2 FY26 Product-Wise Revenue Breakdown
Q2 FY26 Product-Wise Revenue Breakdown Q2 FY25 Q1 FY26 Q2 FY26 2.85% 5.46% 3.98% 6.51% 11.43% 23.89% 83.12% 73.26% 89.51% Galvanised Steel Sheets & Coils Pre-painted Steel Sheets & Coils Other In ₹ Cr Particulars Q2 FY25 Q1 FY26 Q2 FY26 Galvanised Steel Coils 20.18 59.69 14.34 Pre-painted Steel Coil
Slide 30: Q2 FY26 Export Vs. Domestic – Revenue Breakdown
Q2 FY26 Export Vs. Domestic – Revenue Breakdown Q2 FY25 Q1 FY26 Q2 FY26 14.94% 42.31% 43.22% 57.69% 56.78% 85.06% Domestic Revenue Export Revenue In ₹ Cr Particulars Q2 FY25 Q1 FY26 Q2 FY26 Domestic Revenue 101.86 107.95 32.91 Export Revenue 74.71 141.83 187.42 Total 176.57 249.78 220.33 Export sale
Slide 31: Robust Order Book: Reflecting Market Demand & Product Strength
Robust Order Book: Reflecting Market Demand & Product Strength Total Order Book Execution Timeline Export Contribution ₹600 Cr Next 12 Months 85% of Total Order Book Segment-wise Order Split Market Segment Value (₹ Cr) Share (%) Order Domestic ₹ 90 Cr 15% Export ₹ 510 Cr 85% Total ₹ 600 Cr 100% Inve
Slide 32: Product-Wise Revenue Breakdown
Product-Wise Revenue Breakdown FY23 FY24 FY25 H1 FY26 5.03% 3.64% 3.76% 3.38% 21.75% 15.75% 27.68% 27.32% 67.29% 74.49% 80.87 69.04% % Galvanised Steel Sheets & Coils Pre-painted Steel Sheets & Coils Other In ₹ Cr Particulars FY23 FY24 FY25 H1 FY26 Galvanised Steel Coils 180.42 202.07 170.01 74.03 P
Slide 33: Export Vs. Domestic – Revenue Breakdown
Export Vs. Domestic – Revenue Breakdown FY23 FY24 FY25 H1 FY26 39.20% 32.64% 29.97% 21.55% 78.45% 67.36% 70.03% 60.80% Domestic Revenue Export Revenue In ₹ Cr Particulars FY23 FY24 FY25 H1 FY26 Domestic Revenue 512.97 498.25 475.24 140.88 Export Revenue 138.87 241.43 306.39 329.24 Total 651.84 739.6
Slide 34: Financial Growth Accelerated By Operational Efficiency And Export Momentum
Financial Growth Accelerated By Operational Efficiency And Export Momentum Investor Presentation 33
Slide 35: Q2 & H1 FY26 Consolidated Result Highlights
Q2 & H1 FY26 Consolidated Result Highlights In ₹ Cr Particulars Q2 FY26 Q2 FY25 Y-o-Y H1 FY26 H1 FY25 YoY Revenues 220.33 174.91 470.13 368.69 Other Income 3.35 1.69 7.49 3.29 Total Income 223.68 176.60 26.66% 477.62 371.98 28.40% Raw Material costs 150.95 141.04 337.66 285.22 Employee costs 4.62 3.
Slide 36: FY25 Consolidated Key Financial Highlights
FY25 Consolidated Key Financial Highlights Total Income EBITDA Net Profit EBITDA Margin Net Profit Margin 789.66 61.80 12.61 746.18 56.87 58.07 657.34 477.62 7.98 38.12 7.62 5.80 5.98 28.59 15.82 10.60 11.55 2.00 1.61 1.55 FY23 FY24 FY25 H1 FY26 FY23 FY24 FY25 H1 FY26 FY23 FY24 FY25 H1 FY26 All Figu
Slide 37: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement In ₹ Cr Particulars FY23 FY24 FY25 H1 FY26 Revenues 651.84 739.65 781.63 470.13 Other Income 5.50 6.53 8.03 7.49 Total Income 657.34 746.18 789.66 477.62 Raw Material Expenses 516.33 590.34 612.09 337.66 Employee costs 17.41 16.11 16.11 8.72 Other expenses 85.49
Slide 38: Consolidated Balance Sheet
Consolidated Balance Sheet In ₹ Cr Equities & Liabilities FY23 FY24 FY25 H1 FY26 Assets FY23 FY24 FY25 H1 FY26 Equity 6.55 7.43 7.95 10.58 Non Current Assets Reserves 112.70 144.94 218.75 324.47 Fixed Assets 170.79 168.31 180.89 188.95 Net Worth 119.25 152.37 226.70 335.06 Non Current Liabilities Ot
Slide 39: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement In ₹ Cr Particulars FY23 FY24 FY25 H1 FY26 Cashflow from Operations 8.13 21.57 29.98 -14.94 Cashflow from Investments -8.00 -6.19 -20.35 -11.51 Cashflow from Financing -5.62 -15.60 -10.10 25.73 Net Cash flow -5.48 -0.22 -0.47 -0.72 Opening Cash & Cash Equivalent 4.65
Slide 40: Consolidated Key Ratios
Consolidated Key Ratios In Times In Times In ₹ Fixed Asset Turnover Ratio Debt To Equity Book Value 31.66 2.48 28.56 6.75 6.13 5.16 1.81 20.52 1.53 18.20 4.25 1.19 FY23 FY24 FY25 H1 FY26 FY23 FY24 FY25 H1 FY26 FY23 FY24 FY25 H1 FY26 ROCE In % Interest Coverage In Times EPS In ₹ 2.81 3.36 20.47 2.07
Slide 41: Strengthened Capital Base Through Equity Infusion
Strengthened Capital Base Through Equity Infusion • The company raised a total of ₹80.36 crore through equity infusion during H1 FY26 via conversion of preferential warrants. • 2.24 crore shares were issued at ₹18 per share and 2.07 crore shares at ₹65 per share, aggregating to ₹174.87 crore in tota
Slide 42: From Volume to Value: The Capacity Evolution
From Volume to Value: The Capacity Evolution Investor Presentation 41
Slide 43: Production Capacity Expansion
Production Capacity Current Capacity Phase 1 and 2 Phase 3 Pre-Painted FY06 FY22 FY27 Steel 40,000 MTPA 86,000 MTPA 2,36,000 MTPA Line Capacity increased Capacity increased by – 170% Capacity Expansion • New Electrical (New CCL to be installed of capacity Upgrade 150,000MT) (Phase 2) • New Incinerat
Slide 44: Galvanising Infrastructure: Transforming GI to GL (Phase 1 - FY26)
Galvanising Infrastructure: Transforming GI to GL (Phase 1 - FY26) Transition from manufacturing Galvanised steel to Alu-Zinc Coated Steel Phase 1 Expansion: Upgrading to Superior Technology and Line Speed Increase. Capacity Expansion: From 1,32,000 MT/Annum To 180,000 MT/Annum Features & Benefits:
Slide 45: Superior Corrosion Protection with Aluminum-Zinc
Superior Corrosion Protection with Aluminum-Zinc Alu - Zinc Coating Advantages: • Alu-zinc coated steel is an established product in western markets, which the company will be able to cater to after the conversion. • Demand for the Aluminum Zinc Coating is growing at a significantly higher rate comp
Slide 46: Investment - Captive Solar Power Plant (Phase 1 - FY27)
Investment - Captive Solar Power Plant (Phase 1 - FY27) 7 MW Solar Power Plant Planned : Reduce Carbon Footprint And Power Costs Captive via Renewable Solar Sustainability Initiative: Transition to Renewable Energy Aiming to meet Driven towards Reduction in Lowering carbon Accelerated the markets su
Slide 47: Investment - Other Infrastructure (Phase 1 - FY27)
Investment - Other Infrastructure (Phase 1 - FY27) New Coil Slitting Line: Precision Slitting facility for GI and PPGI coils New Coil Slitting Line: Capacity 30,000 MT Value Addition Target Market Provides enhanced product customization Designed to meet the specific needs of OEMs in and improves qua
Slide 48: New Color Coating Line – CCL 2 (Phase 2 - FY27)
New Color Coating Line – CCL 2 (Phase 2 - FY27) Thickness Range : 0.3mm - 1.2mm Width: 610- 1450mm Max Line Speed: 90MPM Expected line Capacity: 150,000 MT Paint Systems: RMP, SMP, SDP & PVDF The Color Coating Line is targeted to produce material suitable for White Good Appliances. 1. Placed order f
Slide 49: CRM Complex (Phase 3 - FY28)
CRM Complex (Phase 3 - FY28) Cold Rolling Mill • IMPORTED Hitachi 6Hi CRM, having capacity of 300,000MT/PA • New Hitachi Make Electrical Drives and AC Motors Maximum Speed: Input Thickness: 1450mpm 1.5mm – 4.5mm Output Thickness: Width: 0.15mm – 2.3mm 610-1330mm Other Equipment In CRM Complex: • HR
Slide 50: Benefits Of Backward Integration Via CRM Complex
Benefits Of Backward Integration Via CRM Complex Raw Material Security • Ensures a stable supply of CR coils, the primary input material for galvanizing. • Reduces dependency on external suppliers and minimizes supply chain disruption risk. • Transitions to purchasing HR, a product available in abun
Slide 51: New Aluminum Zinc Coating Line (Phase 3 - FY28)
New Aluminum Zinc Coating Line (Phase 3 - FY28) Adding a second aluminum zinc coating line – To enhance downstream product capacity Capacity Increase By 100% Capacity Expansion From 180,000 MTPA To 360,000 MT/Annum Strategic Impact • Facilitate full utilization of new cold rolling capacity. • Enhanc
Slide 52: Status of Crucial Projects
Status of Crucial Projects Galvanizing Line Upgradation (Alu- Captive Solar Power Plant – Kutch, Gujarat Color Coating Line 2 (CCL2) Expansion – Zinc Conversion) – Kutch, Gujarat Kutch, Gujarat • Objective: Upgradation of existing • Objective: Target to reduce • Objective: Addition of a second galva
Slide 53: Corporate Social Responsibility (CSR)
Corporate Social Responsibility (CSR) MCMIL prioritizes societal, ecological, and environmental well-being. CSR is integral for sustainable business, promoting inclusive practices Company CSR activities focuses on: Education Healthcare Environment Community Development Mission: Pursue initiatives fo
Slide 54: Building A Better Tomorrow: Sustainable Practices & Green Initiatives
Building A Better Tomorrow: Sustainable Practices & Green Initiatives The ESG Policy prioritizes environmentally responsible practices, aiming to minimize adverse impacts on employees, communities, and the environment. Zero discharge Waste management Plants 150 trees every infrastructure in with eff
Slide 55: Strengthening Market Position Amid Industry Momentum
Strengthening Market Position Amid Industry Momentum Investor Presentation 54
Slide 56: Steel Industry Tailwinds
Steel Industry Tailwinds India to lead Production target: global steel 300 MT+ by 2030 demand growth Safeguard duties to ₹6,322 Cr PLI protect domestic steel Scheme for players specialty steel Export target by FY31: National Steel Policy 24 MT boosting capacity and of finished steel consumption Sour
Slide 57: Accelerating Steel Demand Through Policy And Market Support
Accelerating Steel Demand Through Policy And Market Support ➢ Global Standing India is the world’s second-largest crude steel producer. (In Kgs) Per - Capita Consumption of Steel ➢ Domestic Consumption Trends Per capita steel consumption increased to 86.7 kg in FY23, with a target of 160 kg by 2030-
Slide 58: Stock Data
Stock Data As on 29-10-2025 As on 30-09-2025 NSE: MANAKCOAT BSE: 539046 | ISIN: INE830Q01018 Shareholding Pattern Share Price ₹ 161.99 Market Capitalization ₹ Cr 1,714.41 Promoter & Promoter Group No. of Share Outstanding 10,58,34,050 44.45% 55.55% Face Value ₹ 1.00 Public 52 Week High ₹ 182.82 52 W
Slide 59: Investment Rationale
Investment Rationale Robust Financial Growth with Rising Profitability • Delivered a revenue growth of 5.68% and Net Profit increase of 36.97% in FY25, underscoring solid operational performance. • Reported a robust Q2 FY26 performance with total income of ₹223.68 Strengthening Financial Metrics Cr,
Slide 60: Contact details
Plot No.15, Navodaya Colony, Road No.14, Banjara Hills, Hyderabad – 500 034 India Email: investor.relations@mcmil.in Website: manaksiacoatedmetals.com Kirin Advisors Private Limited 713-B, Lodha Supremus II, Wagle Estate, Thane West Thane– 400 604 E-mail: info@kirinadvisors.com Website: kirinadvisor
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