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Revenue
₹227 Cr
verified against source
Revenue YoY
9%
reported change
EBITDA
₹15.64 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Manaksia Coated Metals reported Q4 FY26 revenue of ₹228.74 Cr (+9% YoY, +20.45% QoQ) and PAT of ₹5.37 Cr (+6.73% YoY). EBITDA margin compressed to 6.84% due to Middle East conflict-driven cost spikes in energy and raw materials, but management confirmed full pass-through to customers. Full-year FY26 revenue crossed ₹896 Cr (+13.5% YoY) with EBITDA margin expanding 246 bps to 10.29%. The Aluzinc coating line (180K MT capacity) is ramping up, and a second color coating line (150K MT) is on track for July 2026 commissioning. Export tonnage doubled to 66,172 MT (68% of revenue). Guidance: H1 FY27 margins to recover meaningfully; sustainable EBITDA margin of 10-12%. Risk: Geopolitical escalation could again disrupt input costs and freight.
Colored figures show movement against the previous available record.
Guidance to track
- The 150,000 MT capacity line will increase total color coating capacity by 174% to 236,000 MT.
- Captive solar plant will offset 50-55% of grid power dependency, saving ₹7-7.5 Cr annually.
- Management expects EBITDA margins to remain in the 10-12% range for the foreseeable future.
- From higher Aluzinc utilization and new color coating line, over FY26 revenue of ₹896 Cr.
Risks flagged
- Middle East conflict caused 200% spike in LPG/propane and 50-75% rise in consumables, compressing Q4 margins.
- New Aluzinc line is at 60-65% utilization; full ramp-up may take longer than expected.
- 68% revenue from exports; US tariffs or trade barriers could impact demand, though no US exposure currently.
- Cold rolling mill (target FY28) has no finalized financial tie-up or supplier selection, posing timeline risk.
Key quotes
- We are successfully able to pass through the entire impact of the incremental costs to our customers and we have strong visibility of EBITDA earnings for the quarters yet to unfold.
- The product per se which is Aluzinc is definitely a product that is a more profitable product both in terms of costs and price realization.
- We have achieved 80% export rate while climbing from lows of 20-25% which was 3-4 years back.
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