MANAK STEEL a Smallcap steel products manufacturing hits upper circuit of 20 percent, In morining trade company share opens at 52.48 and hits upper circuit of 60.18.
About The Company:
MSL is a flagship company of the Manaksia Group. It is an ISO 9001: 2015 accredited, multi-location, multi–product, light engineering company in the field of Metal Products and Metal Formation.
Product Portfolio of The Company:
Company caters sectors are Housing, Consumer appliances, Industrial, and Warehousing sectors.
Financial of The Company:
With Market captalization of Rs. 396 crore, company trading at the price to earning(P/E) ratio of 31.4. Revenue seen a decline in YOY basis of 27 percent from Rs. 632 crore in FY23 to Rs. 547 in FY24 and net profit also seen a decline of 60 percent from Rs. 30 crore to 13 for the same period.
Disclaimer:
This article is purely for knowledge purpose, before any buying or selling contact your financial advisor.
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