Manaksia Ltd. Share Price

Bombay Coated & Special Steels IPO Analysis

Bombay Coated & Special Steels is launching its IPO from October 29 to November 2 at a price of ₹82, targeting a ₹515 crore valuation. The company intends to use ₹125 crore from the ₹183 crore proceeds to reduce debt, which is expected to boost annual net profit by approximately ₹10 crore. As an authorized service partner for JSW, the company processes steel coils into custom sizes and finishes, effectively acting as an essential service provider for industries like air conditioning and home appliances. Financial performance is strong, with revenue growing at a 25% CAGR. With projected net profits of ₹50–60 crore this year, the company trades at a forward P/E ratio of roughly 8–10x, significantly lower than industry peers like Manaksia Coated Metals. A key risk includes a high attrition rate and the competitive nature of the sector. While the business model offers strong value-add, investors should avoid chasing listing gains blindly. The recommended strategy is to monitor price movement for three to four months post-listing to ensure the stock price stabilizes before considering a long-term entry.

**USFDA Approval, Defence Order & Expansion** **

Earnings Today | 14 July 2026

The following companies are scheduled to announce their earnings today: **A2Z Infra Engineering Ltd. (

Manaksia Steels Q3 FY26 – Strong Revenue Jump with Profit Acceleration

Manaksia Steels delivered an impressive performance in the December 2025 quarter, registering a sharp increase in revenue and a faster rise in profitability, driven by higher volumes and improved operating efficiency. • Sales: ↑ 110% YoY to ₹298 crore (vs ₹142 crore in Dec 2024) • EBIDT: ↑ 176% YoY to ₹14.5 crore (vs ₹5.24 crore) • Net Profit: ↑ 241% YoY to ₹9.10 crore (vs ₹2.67 crore) • EPS: ↑ 239% YoY to ₹1.39 (vs ₹0.41) At a price of ₹58.4, market cap ₹383 crore, and PE 16.1, Manaksia Steels reflects strong growth at a relatively modest valuation. The outsized growth in profits compared to revenue highlights operating leverage and margin improvement, positioning the company well for sustained performance if demand conditions remain supportive.

🔥 Manaksia Coated Metals & Industries Ltd. – Strong OBV Bounce with Volume Expansion

Recycling Reforms Spark Rally in Non-Ferrous Metal Stocks: Hindalco, Vedanta, Gravita India Among Key Beneficiaries

he government’s decision to require minimum recycled content in non-ferrous metals like aluminium, copper, and zinc from FY28 will significantly reshape India’s metals industry, benefitting a wide range of listed companies across the value chain.