How did Manaksia Coated Metals perform in Q1 FY27?

Standalone net profit was ₹14.16 crore, barely above ₹14.10 crore last year. Revenue rose 5% to ₹262.14 crore from ₹249.78 crore.

Did the newly acquired JPA Snacks affect the results?

Yes, consolidated numbers include JPA Snacks, but the filing says its contribution was minimal. The standalone profit and revenue figures are the core story.

What did the auditors say?

The statutory auditors issued a limited review report with no material misstatements.

Is this quarter's performance a surprise?

No. The profit and revenue numbers were broadly in line with expectations. The market already knew the board meeting date, so the release itself conveys little new information.

What is the stock's current valuation?

With a market cap of ₹1,107 crore and trailing P/E of 27.2, the stock trades at a premium to historical levels for a company with single-digit growth.

Earnings · Steel & Iron Products · Small cap

Manaksia Coated Metals posts flat profit, modest revenue rise in June quarter

Standalone net profit inched up to ₹14.16 crore from ₹14.10 crore; revenue rose 5% to ₹262.14 crore. The new snack subsidiary added little, and the audit was clean. A routine quarter with no surprises.

— 4 earlier stories on Manaksia Coated Metals & Industries Ltd. →

MANAKCOAT By Tipsheet Editorial 14 Jul 2026 · 4:15 PM IST Verify on BSE · NSE

Mkt cap₹1,107 cr

P/E27.22×

ROE6.79%

Debt / eq.0.64

Div yld0.05%

₹14.16 cr Standalone net profit for Q1 FY27, nearly unchanged from ₹14.10 cr a year ago

What's new

Standalone net profit at ₹14.16 cr vs ₹14.10 cr; revenue at ₹262.14 cr vs ₹249.78 cr.
Consolidated figures include JPA Snacks Private Ltd, but its contribution was minimal.
Statutory auditors issued a clean limited review report.

Why this matters

The quarter is a non-event: profit is flat, revenue growth is modest, and the company's newly acquired snack subsidiary hasn't moved the needle. For a stock trading at 27 times trailing earnings, the multiple demands more than this performance.

What we're watching

Whether JPA Snacks starts contributing meaningfully in coming quarters.
Any signs of cost competitiveness in the coated metals business.
Management commentary on demand in the steel segment.

The full read

Manaksia Coated Metals reported a flat first quarter. Standalone net profit inched up to ₹14.16 crore from ₹14.10 crore a year ago. Revenue climbed 5% to ₹262.14 crore, a modest gain from ₹249.78 crore. The consolidated numbers include the company's newly acquired snack subsidiary, JPA Snacks, but the filing says its contribution was minimal. The auditors signed off with a clean report. There is nothing new here: no margin surprise, no earnings beat, no strategic update. For a stock that trades at 27 times trailing earnings, a quarter this ordinary doesn't move the needle. The real test is whether JPA Snacks adds heft in the coming quarters, a likely event for the second half rather than a Q1 story.

Questions answered

How did Manaksia Coated Metals perform in Q1 FY27?: Standalone net profit was ₹14.16 crore, barely above ₹14.10 crore last year. Revenue rose 5% to ₹262.14 crore from ₹249.78 crore.
Did the newly acquired JPA Snacks affect the results?: Yes, consolidated numbers include JPA Snacks, but the filing says its contribution was minimal. The standalone profit and revenue figures are the core story.
What did the auditors say?: The statutory auditors issued a limited review report with no material misstatements.
Is this quarter's performance a surprise?: No. The profit and revenue numbers were broadly in line with expectations. The market already knew the board meeting date, so the release itself conveys little new information.
What is the stock's current valuation?: With a market cap of ₹1,107 crore and trailing P/E of 27.2, the stock trades at a premium to historical levels for a company with single-digit growth.

Mentioned: JPA Snacks Private Limited · ₹14.16 cr net profit · ₹262.14 cr revenue

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Company snapshot

Manaksia Coated Metals & Industries Ltd.

Steel

₹1,378 cr

P/E 33.80×

Latest quarter · Jun 2026

Sales₹262 cr

Net profit₹14 cr

Op. margin+10.7%

EPS₹1.32

Strength & growth

Debt / equity0.64×

Current ratio1.39×

Sales CAGR+14.7%

EPS CAGR+21.9%

Story so far

All notes on MANAKCOAT →

14 Jul 2026 · 4:15 PM IST Manaksia Coated Metals posts flat profit, modest revenue rise in June quarter
today Manaksia's Aluzinc pivot delivers record ₹10,400 EBITDA/ton
1d ago Manaksia Coated Metals profit surges 162% QoQ, EBITDA per tonne hits record
1d ago Manaksia Coated Metals board approves routine Q1, reappoints directors
1d ago Manaksia Coated Metals posts flat profit in June quarter