{"id":299974,"date":"2026-10-09T18:02:04","date_gmt":"2026-10-09T12:32:04","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=299974"},"modified":"2026-10-09T18:02:04","modified_gmt":"2026-10-09T12:32:04","slug":"manaksia-steels-share-price-target-2027","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/manaksia-steels-share-price-target-2027\/","title":{"rendered":"Manaksia Steels Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Manaksia Steels share price Rs 111.44 (9 October 2026). Base target Rs 126, bull Rs 153, downside risk Rs 85.2. PE 12.44. 52W range Rs 45.11 to Rs 120.76.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The Manaksia Steels share price target for 2027 is Rs 126, about 13.1% above the current price of Rs 111.44. The bull case is Rs 153, and the downside risk level, which is not a target, is Rs 85.2. The base case assumes earnings per share grow 18.6% a year, the pace seen from FY24 to FY26, with the stock holding its PE of 12.44. These are model-based estimates built from reported financials, not guaranteed outcomes.<\/p>\n<\/p><\/div>\n<p>Investors weighing a Manaksia Steels target price for 2027 should start with where the stock sits today. At Rs 111.44 on 9 October 2026, it is 7.7% below its 52-week high of Rs 120.76 and 147.0% above its 52-week low of Rs 45.11. That range spans 168% from low to high, so the entry point matters as much as the Manaksia Steels price forecast itself.<\/p>\n<p>This article builds the Manaksia Steels share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario shows its assumptions, so you can see exactly how the Rs 126 base case and the Rs 153 bull case were reached, along with a downside risk level of Rs 85.2.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=manaksia-steels-share-price-target-2027\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/manaksia-steels-share-price-target-2027\/#Manaksia_Steels_Stock_Analysis_Company_Overview_and_Key_Stats\" title=\"Manaksia Steels Stock Analysis: Company Overview and Key Stats\">Manaksia Steels Stock Analysis: Company Overview and Key Stats<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/manaksia-steels-share-price-target-2027\/#Why_Is_Manaksia_Steels_Share_Price_Target_Set_at_Rs_126_for_2027\" title=\"Why Is Manaksia Steels Share Price Target Set at Rs 126 for 2027?\">Why Is Manaksia Steels Share Price Target Set at Rs 126 for 2027?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/manaksia-steels-share-price-target-2027\/#Earnings_Growth_Behind_the_Manaksia_Steels_Target_Price_Five_Years_of_Results\" title=\"Earnings Growth Behind the Manaksia Steels Target Price: Five Years of Results\">Earnings Growth Behind the Manaksia Steels Target Price: Five Years of Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/manaksia-steels-share-price-target-2027\/#Margins_and_the_Latest_Quarter\" title=\"Margins and the Latest Quarter\">Margins and the Latest Quarter<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/manaksia-steels-share-price-target-2027\/#Balance_Sheet_and_Cash_Flow\" title=\"Balance Sheet and Cash Flow\">Balance Sheet and Cash Flow<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/manaksia-steels-share-price-target-2027\/#Valuation_Check_for_the_Manaksia_Steels_Stock_Target_PE_Price_to_Book_and_ROE\" title=\"Valuation Check for the Manaksia Steels Stock Target: PE, Price to Book and ROE\">Valuation Check for the Manaksia Steels Stock Target: PE, Price to Book and ROE<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/manaksia-steels-share-price-target-2027\/#Shareholding_Pattern_and_Institutional_Holding\" title=\"Shareholding Pattern and Institutional Holding\">Shareholding Pattern and Institutional Holding<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/manaksia-steels-share-price-target-2027\/#Manaksia_Steels_Share_Price_Targets_for_the_Short_Term_and_12_Months\" title=\"Manaksia Steels Share Price Targets for the Short Term and 12 Months\">Manaksia Steels Share Price Targets for the Short Term and 12 Months<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/manaksia-steels-share-price-target-2027\/#Short_Term_Manaksia_Steels_Stock_Target_Levels_Technical_Setup\" title=\"Short Term Manaksia Steels Stock Target Levels: Technical Setup\">Short Term Manaksia Steels Stock Target Levels: Technical Setup<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/manaksia-steels-share-price-target-2027\/#12_Month_Manaksia_Steels_Target_Price_for_2027\" title=\"12 Month Manaksia Steels Target Price for 2027\">12 Month Manaksia Steels Target Price for 2027<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/manaksia-steels-share-price-target-2027\/#How_EPS_Growth_and_PE_Multiple_Change_the_Manaksia_Steels_Target_Price\" title=\"How EPS Growth and PE Multiple Change the Manaksia Steels Target Price\">How EPS Growth and PE Multiple Change the Manaksia Steels Target Price<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/manaksia-steels-share-price-target-2027\/#Bull_Case_and_Downside_Risk_for_Manaksia_Steels_Stock_Target_in_2027\" title=\"Bull Case and Downside Risk for Manaksia Steels Stock Target in 2027\">Bull Case and Downside Risk for Manaksia Steels Stock Target in 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/manaksia-steels-share-price-target-2027\/#Bull_Case_Rs_153\" title=\"Bull Case Rs 153\">Bull Case Rs 153<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/manaksia-steels-share-price-target-2027\/#Downside_Risk_Level_Rs_852\" title=\"Downside Risk Level Rs 85.2\">Downside Risk Level Rs 85.2<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/manaksia-steels-share-price-target-2027\/#Key_Risks_to_the_Manaksia_Steels_Target_Price_for_2027\" title=\"Key Risks to the Manaksia Steels Target Price for 2027\">Key Risks to the Manaksia Steels Target Price for 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/manaksia-steels-share-price-target-2027\/#Growth_Slowdown_Risk_for_the_Manaksia_Steels_Price_Target\" title=\"Growth Slowdown Risk for the Manaksia Steels Price Target\">Growth Slowdown Risk for the Manaksia Steels Price Target<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/manaksia-steels-share-price-target-2027\/#Liquidity_and_Size_Risk\" title=\"Liquidity and Size Risk\">Liquidity and Size Risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/manaksia-steels-share-price-target-2027\/#Valuation_and_Margin_Risk\" title=\"Valuation and Margin Risk\">Valuation and Margin Risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/manaksia-steels-share-price-target-2027\/#Market_and_Technical_Risk\" title=\"Market and Technical Risk\">Market and Technical Risk<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/manaksia-steels-share-price-target-2027\/#How_to_Invest_in_Manaksia_Steels\" title=\"How to Invest in Manaksia Steels\">How to Invest in Manaksia Steels<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/manaksia-steels-share-price-target-2027\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/univest.in\/blogs-2\/manaksia-steels-share-price-target-2027\/#FAQs_on_Manaksia_Steels_Share_Price_Target_2027\" title=\"FAQs on Manaksia Steels Share Price Target 2027\">FAQs on Manaksia Steels Share Price Target 2027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/univest.in\/blogs-2\/manaksia-steels-share-price-target-2027\/#What_is_the_Manaksia_Steels_share_price_target_for_2027\" title=\"What is the Manaksia Steels share price target for 2027?\">What is the Manaksia Steels share price target for 2027?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/univest.in\/blogs-2\/manaksia-steels-share-price-target-2027\/#What_is_the_Manaksia_Steels_share_price_today\" title=\"What is the Manaksia Steels share price today?\">What is the Manaksia Steels share price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/univest.in\/blogs-2\/manaksia-steels-share-price-target-2027\/#Is_Manaksia_Steels_a_buy_or_sell_at_the_current_price\" title=\"Is Manaksia Steels a buy or sell at the current price?\">Is Manaksia Steels a buy or sell at the current price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/univest.in\/blogs-2\/manaksia-steels-share-price-target-2027\/#What_are_the_bull_case_target_and_downside_risk_level_for_Manaksia_Steels_shares\" title=\"What are the bull case target and downside risk level for Manaksia Steels shares?\">What are the bull case target and downside risk level for Manaksia Steels shares?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/univest.in\/blogs-2\/manaksia-steels-share-price-target-2027\/#What_are_the_main_risks_to_the_Manaksia_Steels_price_target\" title=\"What are the main risks to the Manaksia Steels price target?\">What are the main risks to the Manaksia Steels price target?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/univest.in\/blogs-2\/manaksia-steels-share-price-target-2027\/#What_is_the_PE_ratio_of_Manaksia_Steels_and_how_does_it_compare_with_the_industry\" title=\"What is the PE ratio of Manaksia Steels and how does it compare with the industry?\">What is the PE ratio of Manaksia Steels and how does it compare with the industry?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/univest.in\/blogs-2\/manaksia-steels-share-price-target-2027\/#Who_owns_Manaksia_Steels_and_what_is_the_promoter_holding\" title=\"Who owns Manaksia Steels, and what is the promoter holding?\">Who owns Manaksia Steels, and what is the promoter holding?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-30\" href=\"https:\/\/univest.in\/blogs-2\/manaksia-steels-share-price-target-2027\/#What_were_Manaksia_Steels_latest_quarterly_results\" title=\"What were Manaksia Steels&#8217; latest quarterly results?\">What were Manaksia Steels&#8217; latest quarterly results?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Manaksia_Steels_Stock_Analysis_Company_Overview_and_Key_Stats\"><\/span><strong>Manaksia Steels Stock Analysis: Company Overview and Key Stats<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Manaksia Steels (NSE: MANAKSTEEL) has a market capitalisation of Rs 698 crore. In FY26 it reported revenue of Rs 1,135 crore and net profit of Rs 39.92 crore. The table collects the figures the Manaksia Steels share price target is built on.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Metric<\/th>\n<th>Value<\/th>\n<\/tr>\n<tr>\n<td>Company<\/td>\n<td><a href=\"https:\/\/univest.in\/stocks\/manaksteel\/manaksia-steels-ltd-share-price-today\">Manaksia Steels<\/a><\/td>\n<\/tr>\n<tr>\n<td>NSE Ticker<\/td>\n<td>MANAKSTEEL<\/td>\n<\/tr>\n<tr>\n<td>CMP (9 October 2026)<\/td>\n<td>Rs 111.44<\/td>\n<\/tr>\n<tr>\n<td>52-Week High<\/td>\n<td>Rs 120.76<\/td>\n<\/tr>\n<tr>\n<td>52-Week Low<\/td>\n<td>Rs 45.11<\/td>\n<\/tr>\n<tr>\n<td>Market Cap<\/td>\n<td>Rs 698 crore<\/td>\n<\/tr>\n<tr>\n<td>PE Ratio (TTM)<\/td>\n<td>12.44<\/td>\n<\/tr>\n<tr>\n<td>Industry PE<\/td>\n<td>22.91<\/td>\n<\/tr>\n<tr>\n<td>Price to Book<\/td>\n<td>2.14<\/td>\n<\/tr>\n<tr>\n<td>Return on Equity<\/td>\n<td>12.25%<\/td>\n<\/tr>\n<tr>\n<td>Debt to Equity<\/td>\n<td>0.46<\/td>\n<\/tr>\n<tr>\n<td>EPS (TTM)<\/td>\n<td>Rs 8.56<\/td>\n<\/tr>\n<tr>\n<td>Dividend Yield<\/td>\n<td>0.00%<\/td>\n<\/tr>\n<tr>\n<td>12-Month Base Target<\/td>\n<td>Rs 126<\/td>\n<\/tr>\n<tr>\n<td>Bull Case<\/td>\n<td>Rs 153<\/td>\n<\/tr>\n<tr>\n<td>Downside Risk Level (not a target)<\/td>\n<td>Rs 85.2<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Why_Is_Manaksia_Steels_Share_Price_Target_Set_at_Rs_126_for_2027\"><\/span><strong>Why Is Manaksia Steels Share Price Target Set at Rs 126 for 2027?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The base-case Manaksia Steels stock target of Rs 126 applies a PE multiple of 12.44 to a forward EPS estimate of Rs 10.15. That EPS assumes 18.6% yearly growth, the pace from FY24 to FY26, and puts the target 13.1% above the current price. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Earnings_Growth_Behind_the_Manaksia_Steels_Target_Price_Five_Years_of_Results\"><\/span><strong>Earnings Growth Behind the Manaksia Steels Target Price: Five Years of Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Manaksia Steels grew revenue from Rs 619.16 crore in FY22 to Rs 1,135 crore in FY26, a compound annual growth rate of 16.4%. Net profit grew more slowly, from Rs 35.32 crore to Rs 39.92 crore (3.1% a year), which points to margin pressure alongside the sales growth.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Financial Year<\/th>\n<th>Revenue (Rs Cr)<\/th>\n<th>Net Profit (Rs Cr)<\/th>\n<th>EPS (Rs)<\/th>\n<th>Dividend per Share (Rs)<\/th>\n<\/tr>\n<tr>\n<td>FY22<\/td>\n<td>619.16<\/td>\n<td>35.32<\/td>\n<td>5.39<\/td>\n<td>0.00<\/td>\n<\/tr>\n<tr>\n<td>FY23<\/td>\n<td>749.64<\/td>\n<td>12.19<\/td>\n<td>1.86<\/td>\n<td>0.00<\/td>\n<\/tr>\n<tr>\n<td>FY24<\/td>\n<td>696.70<\/td>\n<td>28.38<\/td>\n<td>4.33<\/td>\n<td>0.00<\/td>\n<\/tr>\n<tr>\n<td>FY25<\/td>\n<td>646.79<\/td>\n<td>9.75<\/td>\n<td>1.49<\/td>\n<td>0.00<\/td>\n<\/tr>\n<tr>\n<td>FY26<\/td>\n<td>1,135.43<\/td>\n<td>39.92<\/td>\n<td>6.09<\/td>\n<td>0.00<\/td>\n<\/tr>\n<\/table>\n<p>FY26 revenue growth was 75.5%, faster than the four-year average of 16.4%, and net profit moved up 309.4%. EPS rose from Rs 4.33 in FY24 to Rs 6.09 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Margins_and_the_Latest_Quarter\"><\/span><strong>Margins and the Latest Quarter<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Manaksia Steels converted 3.5% of FY26 revenue into net profit, against 1.5% in FY25, within a five-year range of 1.5% to 5.7%. EBITDA margin was 7.1% in FY26 versus 4.1% in FY25.<\/p>\n<p>In the June 2026 quarter, revenue was Rs 331.16 crore, up 50.5% from the same quarter a year earlier, while net profit of Rs 22.65 crore was up 249.0%. EBITDA came in at Rs 37.21 crore, up 180.6% year on year. The next quarterly result is the first test of whether the earnings assumption holds.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Balance_Sheet_and_Cash_Flow\"><\/span><strong>Balance Sheet and Cash Flow<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Debt to equity stands at 0.46, and shareholders&#8217; equity grew from Rs 266.05 crore in FY22 to Rs 325.98 crore in FY26. Operating cash flow in FY26 was Rs 61.61 crore against capital expenditure of Rs 37.40 crore, leaving free cash flow of Rs 24.21 crore, or 3.5% of the current market capitalisation. In FY25 free cash flow was negative at Rs 57.37 crore, so cash generation has not been steady year to year.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Valuation_Check_for_the_Manaksia_Steels_Stock_Target_PE_Price_to_Book_and_ROE\"><\/span><strong>Valuation Check for the Manaksia Steels Stock Target: PE, Price to Book and ROE<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At a PE of 12.44 against an industry PE of 22.91, Manaksia Steels trades at a discount to its industry. Price to book is 2.14 on a book value of Rs 49.74 per share, and return on equity is 12.25%. A PE of 12.44 equals an earnings yield of 8.0%, and the FY26 dividend of Rs 0.00 per share gives a yield of 0.00%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Shareholding_Pattern_and_Institutional_Holding\"><\/span><strong>Shareholding Pattern and Institutional Holding<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Promoters held 74.75% of Manaksia Steels in June 2026, and promoter holding has stayed near 74.75% since June 2025. Foreign institutional investors (FII) held 0.00% and domestic institutions (DII) held 0.00%, which puts total institutional holding at 0.00%. FII holding has stayed near 0.00% since June 2025. Public shareholders own the remaining 25.25%. Institutional holding this low means the stock sees limited professional coverage, and price moves can be sharper when trading volumes are thin.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Manaksia_Steels_Share_Price_Targets_for_the_Short_Term_and_12_Months\"><\/span><strong>Manaksia Steels Share Price Targets for the Short Term and 12 Months<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Short_Term_Manaksia_Steels_Stock_Target_Levels_Technical_Setup\"><\/span><strong>Short Term Manaksia Steels Stock Target Levels: Technical Setup<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At Rs 111.44 on 9 October 2026, Manaksia Steels trades above its 50-day simple moving average of Rs 97.31 and above its 200-day exponential moving average of Rs 78.63. The 14-day RSI reads 54.4, which is neutral territory, and the MACD line sits below its signal line. The nearest resistance level is Rs 120.76 (52-week high) and the nearest support is Rs 97.31 (50-day simple moving average). A sustained move above Rs 120.76 would improve the short-term setup, while a close below Rs 97.31 would shift attention to the next support.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_Month_Manaksia_Steels_Target_Price_for_2027\"><\/span><strong>12 Month Manaksia Steels Target Price for 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The 12-month target for Manaksia Steels is Rs 126: forward EPS of Rs 10.15 at a PE of 12.44. That is 13.1% above Rs 111.44. It would also push the stock above its 52-week high of Rs 120.76.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_EPS_Growth_and_PE_Multiple_Change_the_Manaksia_Steels_Target_Price\"><\/span><strong>How EPS Growth and PE Multiple Change the Manaksia Steels Target Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>EPS Growth<\/th>\n<th>PE 9.95<\/th>\n<th>PE 12.44<\/th>\n<th>PE 14.31<\/th>\n<\/tr>\n<tr>\n<td>0.0% (EPS Rs 8.56)<\/td>\n<td>Rs 85.2<\/td>\n<td>Rs 106<\/td>\n<td>Rs 122<\/td>\n<\/tr>\n<tr>\n<td>18.6% (EPS Rs 10.15)<\/td>\n<td>Rs 101<\/td>\n<td>Rs 126<\/td>\n<td>Rs 145<\/td>\n<\/tr>\n<tr>\n<td>24.6% (EPS Rs 10.67)<\/td>\n<td>Rs 106<\/td>\n<td>Rs 133<\/td>\n<td>Rs 153<\/td>\n<\/tr>\n<\/table>\n<p>Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Manaksia Steels price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bull_Case_and_Downside_Risk_for_Manaksia_Steels_Stock_Target_in_2027\"><\/span><strong>Bull Case and Downside Risk for Manaksia Steels Stock Target in 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Bull_Case_Rs_153\"><\/span><strong>Bull Case Rs 153<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The bull case Manaksia Steels price target needs EPS growth of 24.6%, which lifts forward EPS to Rs 10.67, and a PE multiple that rises 15% to 14.31. That gives Rs 153, 37.3% above the current price and above the 52-week high of Rs 120.76, so the stock would have to set a fresh 52-week high.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Downside_Risk_Level_Rs_852\"><\/span><strong>Downside Risk Level Rs 85.2<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The downside risk level is not a target. It assumes EPS stays flat at Rs 8.56 and the PE falls 20% to 9.95. That gives Rs 85.2, 23.5% below the current price and above the 52-week low of Rs 45.11.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<tr>\n<th>Scenario<\/th>\n<th>EPS Growth<\/th>\n<th>PE Multiple<\/th>\n<th>Price (Rs)<\/th>\n<th>Change vs CMP<\/th>\n<\/tr>\n<tr>\n<td>Bull Case<\/td>\n<td>24.6%<\/td>\n<td>14.31<\/td>\n<td>Rs 153<\/td>\n<td>+37.3%<\/td>\n<\/tr>\n<tr>\n<td>Base Case<\/td>\n<td>18.6%<\/td>\n<td>12.44<\/td>\n<td>Rs 126<\/td>\n<td>+13.1%<\/td>\n<\/tr>\n<tr>\n<td>Downside Risk<\/td>\n<td>0.0%<\/td>\n<td>9.95<\/td>\n<td>Rs 85.2<\/td>\n<td>-23.5%<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_the_Manaksia_Steels_Target_Price_for_2027\"><\/span><strong>Key Risks to the Manaksia Steels Target Price for 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Growth_Slowdown_Risk_for_the_Manaksia_Steels_Price_Target\"><\/span><strong>Growth Slowdown Risk for the Manaksia Steels Price Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Revenue in the June 2026 quarter was up 50.5% year on year, and FY26 revenue growth was 75.5%. If growth slows from here, the EPS estimate behind the Manaksia Steels stock target will need revising.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Liquidity_and_Size_Risk\"><\/span><strong>Liquidity and Size Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Manaksia Steels has a market capitalisation of Rs 698 crore. Institutional holding is 0.00%, and promoters hold 74.75%. Stocks of this size can move sharply on small volumes, and exits can take longer than entries.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Valuation_and_Margin_Risk\"><\/span><strong>Valuation and Margin Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Net margin was 3.5% in FY26, so a small slip in costs moves profit noticeably. At a PE of 12.44 versus an industry PE of 22.91, a de-rating toward the downside-risk PE of 9.95 would cut the price even if earnings hold.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Market_and_Technical_Risk\"><\/span><strong>Market and Technical Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The stock trades 7.7% below its 52-week high, with an RSI of 54.4 and a MACD reading below its signal line. Broader market weakness can override company fundamentals in the short term.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Invest_in_Manaksia_Steels\"><\/span><strong>How to Invest in Manaksia Steels<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Start with the live price and volume. Any Manaksia Steels share price target is only as current as the data behind it, and the data here is as of 9 October 2026, so refresh the Rs 111.44 price before acting on any level.<\/p>\n<p>Next, review the fundamentals yourself. The Univest Screener lets you check Manaksia Steels&#8217; PE, ROE, debt and shareholding in one place.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check Manaksia Steels fundamentals on the Univest Screener<\/strong><\/a><\/p>\n<p>Then compare the three Manaksia Steels target price scenarios with your own view. If you expect EPS growth below 18.6%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.<\/p>\n<p>Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.<\/p>\n<p>Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Manaksia Steels live price and get daily stock recommendations.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Manaksia Steels share price target for 2027 is Rs 126 in the base case, with Rs 153 as the bull case. The support for that view is arithmetic you can check: EPS grew 18.6% a year over FY24 to FY26, and the stock trades at a PE of 12.44. The risks are equally concrete, including institutional holding of only 0.00% and a downside scenario that cuts the price 24% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Manaksia_Steels_Share_Price_Target_2027\"><\/span><strong>FAQs on Manaksia Steels Share Price Target 2027<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Manaksia_Steels_share_price_target_for_2027\"><\/span><strong>What is the Manaksia Steels share price target for 2027?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The base-case Manaksia Steels share price target for 2027 is Rs 126, with Rs 153 as the bull case. The downside risk level, which is not a target, is Rs 85.2. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Manaksia_Steels_share_price_today\"><\/span><strong>What is the Manaksia Steels share price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of 9 October 2026, 3:30 PM IST, Manaksia Steels trades at Rs 111.44, up 4.99% on the day. The 52-week range is Rs 45.11 to Rs 120.76.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Manaksia_Steels_a_buy_or_sell_at_the_current_price\"><\/span><strong>Is Manaksia Steels a buy or sell at the current price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The data is mixed rather than one-sided: EPS has grown 18.6% a year over FY24 to FY26, but institutional holding is only 0.00%. Whether Manaksia Steels fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. This article is not investment advice.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_bull_case_target_and_downside_risk_level_for_Manaksia_Steels_shares\"><\/span><strong>What are the bull case target and downside risk level for Manaksia Steels shares?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The bull case target is Rs 153, which assumes 24.6% EPS growth and a PE of 14.31. The downside risk level is Rs 85.2, which assumes flat EPS and a PE of 9.95. It marks a risk, not a target.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_main_risks_to_the_Manaksia_Steels_price_target\"><\/span><strong>What are the main risks to the Manaksia Steels price target?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are slower revenue growth, a small market capitalisation of Rs 698 crore, a PE de-rating and short-term weakness in the broader market. Institutional holding is only 0.00%, which can make price moves sharper.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_PE_ratio_of_Manaksia_Steels_and_how_does_it_compare_with_the_industry\"><\/span><strong>What is the PE ratio of Manaksia Steels and how does it compare with the industry?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The PE ratio of Manaksia Steels is 12.44 against an industry PE of 22.91. Price to book is 2.14 and return on equity is 12.25%. The base case in the Manaksia Steels price target holds this PE constant.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_owns_Manaksia_Steels_and_what_is_the_promoter_holding\"><\/span><strong>Who owns Manaksia Steels, and what is the promoter holding?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Promoters held 74.75% of Manaksia Steels in June 2026. FII held 0.00%, DII held 0.00% and the public held 25.25%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_Manaksia_Steels_latest_quarterly_results\"><\/span><strong>What were Manaksia Steels&#8217; latest quarterly results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> In the June 2026 quarter, Manaksia Steels reported revenue of Rs 331.16 crore (up 50.5% year on year) and net profit of Rs 22.65 crore (up 249.0%).<\/p>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the Manaksia Steels share price target for 2027?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The base-case Manaksia Steels share price target for 2027 is Rs 126, with Rs 153 as the bull case. The downside risk level, which is not a target, is Rs 85.2. 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FII held 0.00%, DII held 0.00% and the public held 25.25%.\"}},{\"@type\":\"Question\",\"name\":\"What were Manaksia Steels' latest quarterly results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"In the June 2026 quarter, Manaksia Steels reported revenue of Rs 331.16 crore (up 50.5% year on year) and net profit of Rs 22.65 crore (up 249.0%).\"}}]}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Manaksia Steels share price target 2027: base Rs 126, bull Rs 153, downside risk level Rs 85.2, built from reported earnings, valuation and shareholding data.<\/p>\n","protected":false},"author":38,"featured_media":299973,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[1019],"class_list":["post-299974","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-stock-market"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["299973"],"rank_math_title":["Manaksia Steels Share Price Target 2027: Base and Bull Case"],"rank_math_description":["The Manaksia Steels share price target for 2027 is Rs 126 versus Rs 111.44 today. Bull case, downside risk, earnings trend and risks explained. October 2026."],"rank_math_focus_keyword":["Manaksia Steels share price target | Density Target: 1.2 to 1.5%"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/manaksia-steels-share-price-target-2027-base-and-bull-targets-built-on-fy26.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/299974","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=299974"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/299974\/revisions"}],"predecessor-version":[{"id":299975,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/299974\/revisions\/299975"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/299973"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=299974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=299974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=299974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}