30-Oct-2026 12:20:16
MANAKSIA COATED METALS Q2 FY27: TARGETS 3X REVENUE & EBITDA BY FY29; ₹445 CR EXPANSION CAPEX & ₹525 CR ORDER BOOK
• FY29 Growth Target: Management aims to triple production output, total income and EBITDA by FY29 compared with FY26 levels, supported by capacity expansion and backward integration • Capex Plans: Estimated investment of ₹445 Cr across four projects — ₹65 Cr for Colour Coating, ₹150 Cr for Alu-Zinc Coating, ₹200 Cr for Cold Rolling Mill and ₹30 Cr for Captive Solar • Pre-Painted Steel Expansion: Capacity targeted to increase 2.7x from 86,000 MTPA to 2,36,000 MTPA, with the new production line expected to be commissioned in Q3 FY27 • Alu-Zinc Capacity Expansion: Plans to double production capacity from 1,80,000 MTPA to 3,60,000 MTPA by FY28, with estimated capex of ₹150 Cr • Backward Integration: Setting up a 3,60,000 MTPA Cold Rolling Mill complex by FY28 at estimated capex of ₹200 Cr to reduce raw material dependency and improve margins • Solar Power Expansion: 7 MW captive solar plant expected to be commissioned in Q3 FY27, with ₹30 Cr investment and potential annual savings of up to ₹7 Cr • Power Cost Reduction: Captive solar project expected to reduce effective power costs by up to 40%, supporting future profitability • Order Book: Total order book stood at ₹525 Cr, with execution expected over the next five months • Export Orders: Exports account for 80% of the order book at ₹420 Cr, while domestic orders contribute ₹105 Cr • Capacity Utilisation: Pre-Painted Steel capacity utilisation reached 101.12%, while Alu-Zinc Coating utilisation stood at 60.05% in Q2 FY27 • Product Premiumisation: Increasing focus on value-added Pre-Painted Steel, Alu-Zinc products, metal roofing, ceilings and drywall applications • Quarterly Results: Total income increased 43.8% YoY to ₹321.55 Cr, EBITDA grew 25.3% to ₹36.91 Cr and PAT rose 34.2% to ₹18.73 Cr • Margin Performance: EBITDA margin stood at 11.48% versus 13.17% YoY and 11.06% QoQ, with improved realisations supporting sequential recovery • Operational Efficiency: Investing in Salesforce CRM and manufacturing execution software to improve customer management, production planning and process efficiency • Future Growth Plans: Management focused on higher-margin products, expanding export markets, reducing manufacturing costs and improving value addition through integrated operations
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