What we do Manaksia Steels Ltd manufactures steel products like cold rolled, galvanized and color coated sheets and coils serving construction, automotive, and industrial sectors. |
Founded in 2,001 |
Market share Leading steel product manufacturer in India with expanding presence in Africa via subsidiaries, focusing on value-added steel sheets and coils. |
Problem solved Provides durable, corrosion-resistant steel solutions vital for infrastructure, housing, automotive manufacturing, and industrial applications. |
Top clients or who we serve B2B clients in automotive, construction, rural housing, consumer durables, and international markets including Bhutan and African countries. |
Key management Mr. Varun Agrawal (Managing Director) and other experienced directors with strong industry backgrounds oversee operations and strategy. |
Our journey and innovations Incorporated in 2001, expanded via demerger in 2014, listed in 2015; expanded steel production in Nigeria; launched new Aluzinc coated steel line in 2025. |
Where we operate Primary operations in India with manufacturing in West Bengal and subsidiaries operating in Nigeria and Ghana. |
Top products or what we offer Cold Rolled Steel Sheets & Coils, Galvanized Sheets/Coils, Color Coated Sheets/Coils and industrial roll-formed products. |
Top brands Manaksia branded cold rolled and galvanized steel sheets; notable new Aluzinc coated steel line enhances product portfolio. |
Raw materials needed Steel coils and zinc for galvanizing processes are primary raw materials. |
Raw materials supplier Sourced primarily from domestic and international steel mills and zinc suppliers. |
Recurring vs cyclical contribution Revenue is largely cyclical, driven by industrial demand and construction sector cycles. |
Our industry position Strong mid-sized player in India’s steel sheet market with emerging international footprint, focusing on value-added products. |
Financial highlights FY 2024-25 revenue: ₹634.26 crores; Net profit: ₹9.75 crores; EBITDA: ₹25.68 crores; moderate performance with recent expansion investments. |
Geographical revenue split Approximately 72% revenue from India (₹487.87 Cr), 28% from Overseas markets (₹193.20 Cr) as of FY 2024-25. |
Order book - |
Whats driving growth New Aluzinc steel line, exports expansion, product diversification and cost controls fuel growth potential. |
Our future plans Operationalize new coating line, expand production capacity and strengthen Africa presence to improve margins and volumes. |
Our green promise Committed to sustainability via energy conservation and practices aligned with environmental regulations. |
Our people and values Dedicated workforce emphasizing quality, compliance and ethics; promotes inclusive and safe work environment. |
Key challenges ahead Market competition, raw material price volatility, and global economic uncertainties pose risks. |
Interesting facts Operates in India and African markets with facilities acquired via subsidiaries; part of multinational Manaksia Group. |
Risks and strategy Mitigates risks through diversified product lines, geographic presence, robust governance and compliance frameworks. |
