Manaksia Steels Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings

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.

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.

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Manaksia Steels Stock Analysis: Company Overview and Key Stats

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.

Metric	Value
Company	Manaksia Steels
NSE Ticker	MANAKSTEEL
CMP (9 October 2026)	Rs 111.44
52-Week High	Rs 120.76
52-Week Low	Rs 45.11
Market Cap	Rs 698 crore
PE Ratio (TTM)	12.44
Industry PE	22.91
Price to Book	2.14
Return on Equity	12.25%
Debt to Equity	0.46
EPS (TTM)	Rs 8.56
Dividend Yield	0.00%
12-Month Base Target	Rs 126
Bull Case	Rs 153
Downside Risk Level (not a target)	Rs 85.2

Why Is Manaksia Steels Share Price Target Set at Rs 126 for 2027?

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.

Earnings Growth Behind the Manaksia Steels Target Price: Five Years of Results

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.

Financial Year	Revenue (Rs Cr)	Net Profit (Rs Cr)	EPS (Rs)	Dividend per Share (Rs)
FY22	619.16	35.32	5.39	0.00
FY23	749.64	12.19	1.86	0.00
FY24	696.70	28.38	4.33	0.00
FY25	646.79	9.75	1.49	0.00
FY26	1,135.43	39.92	6.09	0.00

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.

Margins and the Latest Quarter

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.

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.

Balance Sheet and Cash Flow

Debt to equity stands at 0.46, and shareholders' 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.

Valuation Check for the Manaksia Steels Stock Target: PE, Price to Book and ROE

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%.

Shareholding Pattern and Institutional Holding

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.

Manaksia Steels Share Price Targets for the Short Term and 12 Months

Short Term Manaksia Steels Stock Target Levels: Technical Setup

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.

12 Month Manaksia Steels Target Price for 2027

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.

How EPS Growth and PE Multiple Change the Manaksia Steels Target Price

EPS Growth	PE 9.95	PE 12.44	PE 14.31
0.0% (EPS Rs 8.56)	Rs 85.2	Rs 106	Rs 122
18.6% (EPS Rs 10.15)	Rs 101	Rs 126	Rs 145
24.6% (EPS Rs 10.67)	Rs 106	Rs 133	Rs 153

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.

Bull Case and Downside Risk for Manaksia Steels Stock Target in 2027

Bull Case Rs 153

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.

Downside Risk Level Rs 85.2

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.

Scenario	EPS Growth	PE Multiple	Price (Rs)	Change vs CMP
Bull Case	24.6%	14.31	Rs 153	+37.3%
Base Case	18.6%	12.44	Rs 126	+13.1%
Downside Risk	0.0%	9.95	Rs 85.2	-23.5%

Key Risks to the Manaksia Steels Target Price for 2027

Growth Slowdown Risk for the Manaksia Steels Price Target

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.

Liquidity and Size Risk

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.

Valuation and Margin Risk

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.

Market and Technical Risk

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.

How to Invest in Manaksia Steels

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.

Next, review the fundamentals yourself. The Univest Screener lets you check Manaksia Steels' PE, ROE, debt and shareholding in one place.

Check Manaksia Steels fundamentals on the Univest Screener

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.

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.

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.

Download the Univest iOS App or Univest Android App to track Manaksia Steels live price and get daily stock recommendations.

Conclusion

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.

FAQs on Manaksia Steels Share Price Target 2027

What is the Manaksia Steels share price target for 2027?

Ans. 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.

What is the Manaksia Steels share price today?

Ans. 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.

Is Manaksia Steels a buy or sell at the current price?

Ans. 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.

What are the bull case target and downside risk level for Manaksia Steels shares?

Ans. 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.

What are the main risks to the Manaksia Steels price target?

Ans. 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.

What is the PE ratio of Manaksia Steels and how does it compare with the industry?

Ans. 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.

Who owns Manaksia Steels, and what is the promoter holding?

Ans. Promoters held 74.75% of Manaksia Steels in June 2026. FII held 0.00%, DII held 0.00% and the public held 25.25%.

What were Manaksia Steels' latest quarterly results?

Ans. 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%).