Manaksia's profit slips on margin pressure even as revenue grows 7%
FY26 revenue reached ₹784 cr, but net profit fell to ₹52.92 cr from ₹58.12 cr. The board reappointed the managing director for another three years.
— 2 earlier stories on Manaksia Ltd. →What's new
- FY26 net profit was ₹52.92 cr, a decline from ₹58.12 cr in the prior year.
- Annual revenue rose to ₹784.09 cr from ₹731.05 cr a year earlier.
- The board re-appointed Suresh Kumar Agrawal as MD for a three-year term starting late 2026.
Why this matters
Manaksia grew its top line but failed to convert that into higher profit. The ₹52.92 cr profit is 9% lower on a 7% revenue gain, confirming the margin squeeze. The MD reappointment provides stability for the ongoing demerger of the metal division.
What we're watching
- Demerger progress for the metal division and its timeline.
- Whether cost pressures will continue to outpace revenue growth.
- Any further board or management changes ahead of the MD's new term.
The full read
Manaksia's revenue grew 7% to ₹784.09 cr in FY26, led by its metal and packaging businesses. But the ₹52.92 cr net profit was 9% below the prior year's ₹58.12 cr, a clear sign that margin pressure ate into the topline gain. At a market cap of ₹421 cr, the company trades at a thin multiple to its earnings. Alongside the results, the board locked in its current leadership by re-appointing MD Suresh Kumar Agrawal for a new three-year term starting late 2026. That gives the company a stable hand as it pursues the demerger of its metal division. The results are standard. The open question is whether the demerger can generate value the current consolidated numbers are not.
Questions answered
- Why did Manaksia's profit fall even as revenue grew?
- Net profit declined to ₹52.92 cr from ₹58.12 cr despite a 7% revenue increase. This points to margin compression, likely from higher input costs or a shift in the product mix.
- How big is Manaksia relative to its results?
- Manaksia is a nano-cap with a market capitalisation of ₹421 cr. Its annual revenue of ₹784 cr is nearly twice its market cap, while its net profit of ₹52.92 cr is about 12.5% of the company's total value.
- What is the status of the metal division demerger?
- The filing states the demerger process is ongoing but provides no timeline or structural details. The reappointment of the MD ensures leadership continuity through this transition.
- What do the results reveal about the business segments?
- Revenue from metal and packaging segments drove the topline to ₹784.09 cr. The profit decline suggests these businesses did not expand their margins, absorbing the sales growth.
Story so far
All notes on MANAKSIA →- 29 May 2026 · 7:33 PM IST Manaksia's profit slips on margin pressure even as revenue grows 7%
- 1d ago Manaksia's profit slips 9% even as revenue edges higher
- 1d ago Manaksia's profit slips even as revenue climbs in FY26