₹162.6
-2.2% today
· 30d +28.13%
as of 2026-11-09
Price · Daily Candles
“Manak Coatings bets on annual profit surge amid quarterly OPM contraction.”
Manak Coatings delivered a significant annual net profit increase of +164.41% to ₹41 Cr, outperforming its +13.16% revenue growth. However, quarterly performance shows some headwinds, with Net Profit up by a modest +6.73% while Operating Profit declined by -8.72% YoY, and OPM fell by -1.33%.
BULL CASE
+Annual net profit surged by a substantial +164.41% to ₹41 Cr for the period ending March 2026.
+The 3-year CAGR for net profit stands at a strong +63.15%, indicating robust sustained growth.
+The company's P/E ratio is 24.81, lower than several peers like PTCIL (406.23) and RKFORGE (143.92).
+ML models predict neutral to strong growth in sales, with 'sales_1y_recent_2y' at a strong rank of 0.55 and 'sales_1y_stable_7y' at a neutral rank of 0.48.
BEAR CASE
−Quarterly operating profit saw an -8.72% YoY decline, alongside a -1.33% contraction in operating profit margin to 6.84%.
−Free cash flow is negative at ₹-52 Cr, resulting in a -4.62% FCF yield, leading to an inability to compute intrinsic value.
−The stock is trading -41.47% off its 52-week high of ₹182.82.
−FIIs decreased their stake by -0.31% QoQ, bringing their total holding to 1.14%.
⟳ What Changed
₹ Latest Earnings · Q ending 2026-09-30
REVENUE
₹319 Cr
+44.65% YoY
NET PROFIT
₹19 Cr
+34.19% YoY
OPM
11.48%
-1.69pp YoY
EPS
₹1.76
PE 24.81
Intrinsic value · DCF: N/A — Company is currently free-cash-flow negative (-3.0% of mktcap). DCF assumes a going concern generating positive cash flow; a meaningful intrinsic value can only be computed once FCF turns positive. Use the Strategy Fit and ML sections instead.
◇ Sector Position
Manak Coatings (PE 24.81, ROCE 20.0%) appears attractively valued compared to peers like PTCIL (PE 406.23, ROCE 7.42%) and RKFORGE (PE 143.92, ROCE 15.76%), while being in line with GRAVITA (PE 38.75, ROCE 19.23%) on profitability.
PEERPEROCE %
MANAKCOAT24.8120.0
+ 2 more peers — sign in to view
ML Forward Growth Predictions 🔒
68
SCORE / 100
Overall
6-axis composite of the sections below.
Performance
POSITIVE
55
Valuation
REASONABLE
60
Growth
STRONG
74
Profitability
HIGH
75
Technicals
STRONG
73
Risk
LOW
70
Key Stats
TTM PE
24.81
P/B
3.08
52W HIGH
₹182.82
OFF HIGH
-11.06%
DIV YIELD
0.05%
MKT CAP
₹1724 Cr
◉ Active Signals
MACDBullish3.2459
RSI(14)Bullish68.07
⧉ Strategy Fit 🔒