Manaksia Steels Ltd. (MANAKSTEEL) Share Price Rises 9.05% Today

Manaksia Steels Ltd. Share Price rises 9.05% today, reaching Rs 75.21 with a market cap of Rs 451.99 Cr.

Manaksia Steels Ltd. Share Price has experienced a notable rise today, closing at Rs 75.21, marking a 9.05% increase from its previous close of Rs 68.97. This significant movement places the company's market capitalisation at Rs 451.99 crore. As a micro-cap stock, Manaksia Steels Ltd.

The price rise of Manaksia Steels Ltd. Share Price today is noteworthy, as it reflects a strong market interest in the stock. The company's performance in the Iron & Steel sector, particularly within the Steel & Iron Products industry, adds context to this price movement. While the data confirms the price event, it does not establish a company-specific catalyst for this increase. Investors and analysts will be keen to explore the underlying factors contributing to this surge in value.

Manaksia Steels Ltd. (MANAKSTEEL) Share Price Today: Price Action Analysis

Metric	Value
Current Price	Rs 75.21
Previous Close	Rs 68.97
Today's Change	+Rs 6.24 (+9.05%)
Day Open	Rs 65.05
Day High	Rs 75.21
Day Low	Rs 65.05
Current Volume (BSE)	4,685
BSE Traded Volume	4,685
NSE Traded Volume	83,582
Combined NSE + BSE Volume	88,267
Turnover	Rs 0.04 crore
Market Capitalisation	Rs 451.99 crore
Market Cap Category	Micro Cap

Manaksia Steels Ltd. (MANAKSTEEL) traded at Rs 75.21. versus the previous close of Rs 68.97, a rise of 9.05%. The stock opened at Rs 65.05, reached Rs 75.21, touched Rs 65.05. Reported volume was 4,685.

Manaksia Steels Ltd. (MANAKSTEEL) Fundamental Analysis

Metric	Value
Market Capitalisation	Rs 451.99 crore
P/E Ratio	11.32x
P/B Ratio	1.39x
ROE	12.82%
ROCE	13.55%
EPS	Rs 6.09
Dividend Yield	0%

Manaksia Steels Ltd. was valued at a P/E ratio of 11.32x, a P/B ratio of 1.39x. These multiples provide valuation context, but they should not be labelled expensive or inexpensive without a comparable peer or sector benchmark.

Profitability and capital efficiency were represented by ROE of 12.82% and ROCE of 13.55%. ROE relates profit to shareholder equity, while ROCE measures returns generated on the capital employed in the business.

Per-share and shareholder-return metrics included EPS of Rs 6.09, dividend yield of 0%. Dividend yield is a current or historical ratio and does not guarantee future distributions.

Manaksia Steels Ltd. has a market capitalisation of Rs 451.99 crore, positioning it within the micro-cap category. The company's P/E ratio stands at 11.32, which is below the industry median of 18.44 and the average of 36.39, indicating a relatively lower valuation compared to its peers. The P/B ratio of 1.39 is slightly above the industry median of 1.34, suggesting a fair valuation in terms of book value.

The company's return on equity (ROE) is 12.82%, which is significantly higher than the industry median of 3.92%, reflecting efficient use of shareholder funds. Similarly, the return on capital employed (ROCE) is 13.55%, surpassing the industry median of 9.12%, indicating effective capital utilisation. The earnings per share (EPS) is Rs 6.09, providing a measure of profitability per share. However, the company does not offer a dividend yield, which might be a consideration for income-focused investors.

Sector and Industry Context

Metric	Value
Sector	Iron & Steel
Industry	Steel & Iron Products
Benchmark Scope	same industry
Company P/E Ratio	11.32x
Benchmark Median P/E	18.44x
Benchmark Average P/E	36.39x
Benchmark P/E Range	0.31x to 373.56x
Company P/B Ratio	1.39x
Benchmark Median P/B	1.34x
Company ROE	12.82%
Benchmark Median ROE	3.92%
Company ROCE	13.55%
Benchmark Median ROCE	9.12%
Company Market Capitalisation	Rs 451.99 crore
Benchmark Median Market Cap	Rs 141.13 crore

Manaksia Steels Ltd. (MANAKSTEEL) is classified under sector: Iron & Steel and industry: Steel & Iron Products.

Manaksia Steels Ltd. (MANAKSTEEL) has a P/E ratio of 11.32x, which is below the benchmark median of 18.44x, a difference of -38.61%. P/E is a valuation multiple and is not, by itself, a buy or sell signal.

Manaksia Steels Ltd. (MANAKSTEEL) has a ROE of 12.82%, which is above the benchmark median of 3.92%, a difference of +227.04%. Manaksia Steels Ltd. (MANAKSTEEL) has a ROCE of 13.55%, which is above the benchmark median of 9.12%, a difference of +48.57%.

Track today's top gainers through the Univest top gainers screener. The peer table below provides the company-level comparison.

Manaksia Steels Ltd. operates within the Iron & Steel sector, specifically in the Steel & Iron Products industry. The sector snapshot reveals that the company's P/E ratio of 11.32 is below the industry median of 18.44, suggesting a more attractive valuation. The company's P/B ratio of 1.39 is slightly above the industry median of 1.34, indicating a fair valuation in terms of book value.

The company's ROE of 12.82% and ROCE of 13.55% are both above the industry medians of 3.92% and 9.12%, respectively, highlighting strong profitability and efficient capital utilisation. The sector comprises 106 companies, with a wide range of market capitalisations, from Rs 3.56 crore to Rs 2,959.9 crore, positioning Manaksia Steels Ltd. towards the lower end of the spectrum.

Peer Comparison

Company	Symbol	Market Cap (Cr)	P/E	P/B	ROE (%)	ROCE (%)
JTL Industries Ltd	JTLIND	2,959.9	30.06	1.99	24.68	22.3
Vardhman Special Steels Ltd.	VSSL	2,944.07	31.63	3.63	10.14	12.97
Rhetan TMT Ltd.	RHETAN	2,443.22	237.27	22.49	3.76	4.11
Pennar Industries Ltd.	PENIND	2,238.4	16.13	1.91	0.41	6.85
Prakash Industries Ltd.	PRAKASH	2,209.87	6.63	0.62	3.29	4.87

Manaksia Steels Ltd. (MANAKSTEEL) has a P/E ratio of 11.32x compared with the displayed peer median of 30.06x. This is a relative valuation comparison, not a buy or sell signal. Its ROE of 12.82% compares with a peer median of 3.76% across the companies shown in the table. ROCE stood at 13.55% versus the displayed peer median of 6.85%, providing a capital-efficiency comparison. Manaksia Steels Ltd. (MANAKSTEEL) has a market capitalisation of Rs 451.99 crore. Among the 5 peers shown, 5 have a larger market capitalisation.

In comparison to its peers, Manaksia Steels Ltd. shows a competitive edge in certain financial metrics. For instance, its P/E ratio of 11.32 is lower than that of JTL Industries Ltd. (30.06) and Vardhman Special Steels Ltd. (31.63), indicating a more attractive valuation. The company's ROE of 12.82% is higher than that of Rhetan TMT Ltd. (3.76%) and Pennar Industries Ltd. (0.41%), showcasing better profitability.

However, Manaksia Steels Ltd.'s market capitalisation of Rs 451.99 crore is significantly lower than its peers, such as JTL Industries Ltd. (Rs 2,959.9 crore) and Vardhman Special Steels Ltd. (Rs 2,944.07 crore), highlighting its smaller size in the industry.

Why Investors Are Watching Manaksia Steels Ltd.

Investors are closely monitoring Manaksia Steels Ltd. due to its recent price action and financial metrics.

• The stock's 9.05% price rise today highlights strong market interest.
• Fundamental analysis shows a relatively low P/E ratio and strong ROE.
• The company's position within the Iron & Steel sector adds context to its valuation.

Moving forward, investors will be keen to track any developments that could influence the company's performance, including sector trends and market conditions.

About Manaksia Steels Ltd.

Manaksia Steels Ltd. is a prominent player in the Iron & Steel sector, focusing on the production and distribution of steel and iron products. The company operates within the Steel & Iron Products industry, catering to a diverse range of clients and industries. Its product portfolio includes a variety of steel products that are integral to construction, manufacturing, and other industrial applications.

With a market capitalisation of Rs 451.99 crore, Manaksia Steels Ltd. is positioned as a micro-cap company within its industry. Despite its smaller size, the company has demonstrated strong financial performance, as evidenced by its competitive ROE and ROCE metrics. As the industry continues to evolve, Manaksia Steels Ltd. remains focused on maintaining its market position and exploring opportunities for growth.

Track Manaksia Steels Ltd. Share Price on Univest

Use Manaksia Steels Ltd. (MANAKSTEEL) live share-price page, Univest top gainers screener, Univest market blogs to review live stock data, top gainers lists and related market analysis.

Investors and analysts can track Manaksia Steels Ltd. Share Price on Univest to stay updated with live price movements, technical indicators, and fundamental ratios. Univest provides comprehensive insights into the company's shareholding pattern, 52-week levels, and market trends, enabling informed investment decisions.

Frequently Asked Questions

What is the current share price of Manaksia Steels Ltd.?

Ans. The current share price of Manaksia Steels Ltd. is Rs 75.21, reflecting a 9.05% increase from the previous close of Rs 68.97. The stock moved 9.05% during the session. The intraday range extended from Rs 65.05 to Rs 75.21.

How much did Manaksia Steels Ltd. share price rise today?

Ans. Manaksia Steels Ltd. share price rose by 9.05% today, closing at Rs 75.21, up from the previous close of Rs 68.97. The stock moved 9.05% during the session. The intraday range extended from Rs 65.05 to Rs 75.21.

What is the market capitalisation of Manaksia Steels Ltd.?

Ans. The market capitalisation of Manaksia Steels Ltd. is Rs 451.99 crore, classifying it as a micro-cap company in the Iron & Steel sector. The company operates in the Iron & Steel sector.

What is the P/E ratio of Manaksia Steels Ltd.?

Ans. The P/E ratio of Manaksia Steels Ltd. is 11.32, which is below the industry median of 18.44, indicating a relatively lower valuation. The company trades at a P/E ratio of 11.32x.

How does Manaksia Steels Ltd.'s ROE compare to the industry?

Ans. Manaksia Steels Ltd.'s ROE is 12.82%, significantly higher than the industry median of 3.92%, reflecting efficient use of shareholder funds. ROE stands at 12.82%. ROCE stands at 13.55%. The relevant peer median ROE is 3.92%.

What sector does Manaksia Steels Ltd. operate in?

Ans. Manaksia Steels Ltd. operates in the Iron & Steel sector, specifically within the Steel & Iron Products industry. The stock belongs to the Iron & Steel sector. Its industry classification is Steel & Iron Products.

What is the ROCE of Manaksia Steels Ltd.?

Ans. The ROCE of Manaksia Steels Ltd. is 13.55%, which is above the industry median of 9.12%, indicating effective capital utilisation. ROE stands at 12.82%. ROCE stands at 13.55%. The relevant peer median ROE is 3.92%.

How does Manaksia Steels Ltd.'s P/B ratio compare to the industry?

Ans. Manaksia Steels Ltd.'s P/B ratio is 1.39, slightly above the industry median of 1.34, suggesting a fair valuation in terms of book value. The company trades at a P/E ratio of 11.32x.