Manaksia Steels Share Price Prediction 2027: Scenario Targets, Valuation and Technical Outlook
- October 9, 2026
- Posted by: Kunal Singla
- Category: Market
CMP Rs 107.20 (9 Oct 2026). 52W range Rs 45.11 to Rs 120.76. PE 12.44. 2027 base Rs 129, bull Rs 154.
Quick Answer
The Manaksia Steels share price forecast for 2027 centres on a conservative case of Rs 111, a base case of Rs 129 and a bull case of Rs 154, against a current price of Rs 107.20. These targets scale today’s price by reported EPS growth at a constant PE multiple, so they rest on earnings the company has already delivered, not on broker forecasts. The base case implies 20.3% upside from today’s price. The daily technical setup reads mildly bullish.
Manaksia Steels share price prediction 2027 comes down to earnings growth and the multiple investors pay for it, and the reported numbers give a measured answer. The stock trades at Rs 107.20 on NSE as of 9 October 2026, 11.2% below its 52-week high of Rs 120.76, after the company reported net profit of Rs 39.92 crore for FY26.
This Manaksia Steels stock forecast 2027 builds conservative, base and bull scenarios from exchange-reported financials, shareholding data and daily price indicators, with every assumption shown.
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Manaksia Steels Share Price Today and Key Data
The Manaksia Steels share price today is Rs 107.20 on NSE, up 1.00% on the day. The market capitalisation stands at Rs 698 crore. Over the past year the price has risen 81.3% from Rs 59.14. Every Manaksia Steels stock forecast figure below starts from this price.
| Metric | Value |
|---|---|
| Company | Manaksia Steels (MANAKSTEEL) |
| Current Price | Rs 107.20 |
| 52-Week High | Rs 120.76 (11 September 2026) |
| 52-Week Low | Rs 45.11 (30 March 2026) |
| Market Cap | Rs 698 crore |
| PE Ratio | 12.44 |
| Industry PE | 22.91 |
| PB Ratio | 2.14 |
| EPS (TTM) | Rs 8.56 |
| Return on Equity | 12.25% |
| Debt to Equity | 0.46 |
| Dividend Yield | 0.00% |
| Book Value per Share | Rs 49.74 |
What Is the Manaksia Steels Share Price Prediction for 2027?
The Manaksia Steels share price prediction for 2027 is a conservative case of Rs 111, a base case of Rs 129 and a bull case of Rs 154. Against Rs 107.20, these imply 3.5% upside, 20.3% upside and 43.7% upside. They are model scenarios built from reported EPS growth, not broker targets.
| Scenario | EPS Growth Basis | EPS Estimate | PE Multiple | Implied Value | Upside vs Current Price |
|---|---|---|---|---|---|
| Conservative Case | Lower of FY26 growth (308.7%) and 4-year CAGR (3.1%) | Rs 8.83 (+3.1%) | Unchanged from today (price to EPS ratio kept constant) | Rs 111 | +3.5% |
| Base Case | Average of the two (capped at 20%) | Rs 10.27 (+20.0%) | Unchanged from today (price to EPS ratio kept constant) | Rs 129 | +20.3% |
| Bull Case | Higher of the two (capped at 25%) | Rs 10.70 (+25.0%) | Re-rated 15.0% toward industry PE of 22.91 (still at or below it) | Rs 154 | +43.7% |
Each target takes today’s price of Rs 107.20 and scales it by the EPS growth assumed for that case, which is the same as holding the PE multiple constant. The conservative case uses the lower of the FY26 EPS growth and the 4-year EPS CAGR, the base case uses their average and the bull case uses the higher figure. The bull case also re-rates the PE multiple toward the industry level, because the stock trades below it. Together they form the Manaksia Steels target price range for the FY27 outlook over the next 12 months, and the range is not a point estimate.
Manaksia Steels Share Price Forecast: What Has to Go Right by 2027
Each Manaksia Steels target price below depends on a specific EPS outcome, and the text states that outcome next to the number.
Conservative Case for the Manaksia Steels Share Price Target: Rs 111
Reaching Rs 111 needs EPS to rise 3.1% to Rs 8.83 while the stock keeps its current PE multiple. That follows the slower 4-year EPS CAGR of 3.1%.
Base Case for the Manaksia Steels Share Price Target: Rs 129
Reaching Rs 129 needs EPS to rise 20.0% to Rs 10.27, the average of the FY26 growth rate and the 4-year CAGR. Net profit growth of 249.0% in Q1 FY27 is at or above that pace, which supports the target.
Bull Case for the Manaksia Steels Share Price Target: Rs 154
Reaching Rs 154 needs EPS to rise 25.0% to Rs 10.70 and the PE multiple to re-rate 15.0% toward the industry PE. That is above the 52-week high of Rs 120.76, so it would need a fresh breakout. A daily close above the nearest resistance level of Rs 120.76 (52-week high) would be the first technical confirmation.
Manaksia Steels Financial Performance: Revenue, Profit and Margins
Manaksia Steels earned net profit of Rs 39.92 crore on revenue of Rs 1,135.43 crore in FY26, with profit up 309.4% and revenue up 75.5% compared with FY25. Diluted EPS was Rs 6.09 against Rs 1.49 a year earlier, and that earnings base anchors the Manaksia Steels share price forecast.
| Year | Revenue (Rs Cr) | Net Profit (Rs Cr) | EPS (Rs) | Operating Margin | Net Margin |
|---|---|---|---|---|---|
| FY22 | 619.16 | 35.32 | 5.39 | 10.04% | 5.70% |
| FY23 | 749.64 | 12.19 | 1.86 | 4.22% | 1.63% |
| FY24 | 696.70 | 28.38 | 4.33 | 7.78% | 4.07% |
| FY25 | 646.79 | 9.75 | 1.49 | 4.19% | 1.51% |
| FY26 | 1,135.43 | 39.92 | 6.09 | 7.15% | 3.52% |
In the latest reported quarter, Q1 FY27 (quarter ended June 2026), revenue was Rs 331.16 crore against Rs 220 crore a year earlier (+50.5%), and the bottom line was a net profit of Rs 22.65 crore against a net profit of Rs 6.49 crore (+249.0%). Operating margin was 11.36% versus 6.10% in the year-ago quarter. Cash flow from operations was Rs 61.61 crore in FY26 against Rs 13.53 crore in FY25. Together these figures set the earnings base for the Manaksia Steels share price prediction.
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Is Manaksia Steels Overvalued or Undervalued Right Now?
Manaksia Steels trades at a PE of 12.44 against an industry PE of 22.91, which places the stock at a 45.7% discount to the industry average. The price-to-book ratio is 2.14 on a book value of Rs 49.74 per share. Return on equity of 12.25% means the company earns Rs 12.25 of profit for every Rs 100 of shareholder equity.
Debt to equity is 0.46, so borrowings equal about 46% of shareholder equity. No dividend was declared for FY26. This valuation context frames the Manaksia Steels stock price prediction for 2027 without relying on any outside forecast.
Manaksia Steels Stock Analysis: Technical Outlook
Manaksia Steels stock trades above its 50-day SMA of Rs 97.22 and above its 200-day EMA of Rs 78.51, and the combined daily indicators read mildly bullish. The 52-week high of Rs 120.76 was set on 11 September 2026, while the 52-week low of Rs 45.11 came on 30 March 2026.
| Indicator | Reading | Signal |
|---|---|---|
| RSI (14) | 49.52 | Neutral |
| MACD (12,26,9) | 2.58 vs signal 3.58 | Bearish |
| ADX (14) | 20.27 | Developing trend |
| Supertrend (10,3) | Price above Rs 97.37 | Bullish |
| 50-day SMA | Rs 97.22 | Price above |
| 200-day EMA | Rs 78.51 | Price above |
The nearest support level sits at Rs 97.37 (Supertrend) and Rs 97.22 (50-day SMA). The nearest resistance level sits at Rs 120.76 (52-week high). A sustained move above the nearest resistance would support the Manaksia Steels share price prediction 2027 base case, and this Manaksia Steels stock analysis uses daily candles only.
Manaksia Steels Shareholding Pattern
Promoters hold 74.75% of Manaksia Steels as of Jun 2026, unchanged across the last 5 quarters. FII holding is 0.00% (unchanged) and DII holding is 0.00% (unchanged), which puts combined institutional holding at 0.00%. Public shareholders own 25.25%. Shareholding data is one input for any Manaksia Steels stock forecast.
Key Risks to the Manaksia Steels Share Price Target for 2027
Earnings and Margin Risk
Operating margin has ranged from 4.19% to 10.04% between FY22 and FY26, so a slip toward the lower end would trim the EPS estimate behind the Manaksia Steels stock forecast. Revenue was up 75.5% in FY26, and slower revenue growth would weigh on the profit path.
Size and Liquidity Risk
Market capitalisation stands at Rs 698 crore. Investors should check daily traded volumes and order book depth on NSE before sizing a position, because price moves can be sharper when volumes thin out. Liquidity is a practical constraint on any Manaksia Steels stock price target.
Balance Sheet Risk
Debt to equity of 0.46 means borrowings stand at about 46% of shareholder equity. A rise in borrowing costs or a jump in debt would weigh on profit and on the multiple behind the Manaksia Steels share price forecast.
Conclusion
This Manaksia Steels stock analysis puts the share price target range for 2027 at Rs 111 to Rs 154, with a base case of Rs 129 against Rs 107.20 today. The inputs are a PE of 12.44 that sits at a 45.7% discount to the industry average, EPS growth of 308.7% in FY26 and a daily technical setup that reads mildly bullish. The next quarterly result will show which scenario is gaining ground. This analysis is educational, so consult a SEBI-registered advisor before acting on it.
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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Manaksia Steels Share Price Prediction 2027
What is the Manaksia Steels share price target for 2027?
Ans. The Manaksia Steels share price forecast for 2027 has a conservative case of Rs 111, a base case of Rs 129 and a bull case of Rs 154. These are model scenarios based on reported EPS growth, and they are not guaranteed outcomes.
What is the Manaksia Steels share price today?
Ans. Manaksia Steels trades at Rs 107.20 on NSE as of 9 October 2026, up 1.00% on the day. The 52-week range is Rs 45.11 to Rs 120.76.
Is Manaksia Steels a good stock to buy for 2027?
Ans. The data points in different directions: the PE of 12.44 is at a 45.7% discount to the industry average, EPS grew 308.7% in FY26 and the daily technical setup reads mildly bullish. This article does not constitute investment advice, so consult a SEBI-registered advisor before deciding.
Can Manaksia Steels stock reach Rs 154 in 2027?
Ans. Reaching Rs 154 needs EPS to rise 25.0% from Rs 8.56 and the PE multiple to re-rate toward the industry PE of 22.91, plus a daily close above Rs 120.76 (52-week high). This is a scenario, not a guarantee.
What are the support and resistance levels for Manaksia Steels?
Ans. The nearest support levels are Rs 97.37 (Supertrend) and Rs 97.22 (50-day SMA), and the nearest resistance levels are Rs 120.76 (52-week high).
What are the main risks for Manaksia Steels stock in 2027?
Ans. The main risks to the Manaksia Steels share price forecast are a fall in operating margin from the 4.19% to 10.04% range seen since FY22, slower revenue growth after FY26 revenue was up 75.5%, and thin trading volumes. Debt to equity of 0.46 adds balance sheet sensitivity.
How is the Manaksia Steels target price for 2027 calculated?
Ans. Each target scales the current price by assumed EPS growth at a constant PE multiple. The conservative case uses 3.1% growth, the base case 20.0% and the bull case 25.0%, all drawn from the company’s reported FY26 and 4-year EPS growth.
