Manaksia Coated Metals & Industries Ltd Share Price – NSE /  BSE

Steel, Small Cap

Manaksia Coated Metals & Industries has signed a Memorandums of Understanding (MoU) with certain European clients, amounting to Rs 500 crore.

Under these agreements, the company will supply up to 50,000 metric tonnes of pre-painted steel coils, Alu-Zinc coated coils, and galvanized steel products over the next 12 months. This development is expected to enhance the company's production capacity utilization and further strengthen its global export portfolio.

Commenting on the performance, Karan Agrawal Whole Time Director, Manaksia Coated Metals & Industries Limited said, Signing these MoU's is a significant milestone for Manaksia Coated Metals and Industries. We believe that this partnership further strengthens our position in global markets. We are also advancing a 7.0 MWp renewable energy project to reduce dependency on grid power and improve cost efficiency. Our external credit rating has been recently upgraded by Acuit? from A(-) to A for the long-term and from A2 to A1 for the short-term, reflecting the robustness of our financial fundamentals. With upcoming capacity expansions and technology upgrades, we are entering an exciting growth phase that will enable us to scale and capture a larger share of the global coated metals industry.?

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The board of Manaksia Coated Metals & Industries at its meeting held on 27 October 2025 has approved the proposal for raising of funds by way of issuance of securities i.e. equity shares or any instrument or security including fully / partially convertible debentures or non convertible debentures or warrants entitling the warrant holder(s) to apply for equity shares, global depository receipts, american depository receipts, foreign currency convertible bonds or any other eligible securities, in one or more tranches, through the permissible modes including but not limited to private placement, preferential issue, qualified institutions placement, or such other methods or combinations thereof as may be considered appropriate and decided by the Board, subject to such statutory/regulatory approvals as may be required including the approval of the shareholders of the Company.

Further, the board has approved increase in authorised share capital from Rs 12.50 crore to Rs 16 crore comprising of equity shares of Re 1 each.

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Net profit of Manaksia Coated Metals & Industries rose 491.53% to Rs 13.96 crore in the quarter ended September 2025 as against Rs 2.36 crore during the previous quarter ended September 2024. Sales rose 25.97% to Rs 220.33 crore in the quarter ended September 2025 as against Rs 174.91 crore during the previous quarter ended September 2024.

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Manaksia Coated Metals & Industries will hold a meeting of the Board of Directors of the Company on 27 October 2025.

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