Small-cap steel stock-Manaksia Coated Metals & Industries Successfully Commissions Line Post Strategic Aluminium-Zinc Upgrade
DSIJ Intelligence-1Categories: Mindshare, Trending
The stock is up by 85 cent from its 52-week low of Rs 71.56 per share and has given multibagger returns of over 1,500 per cent in 5 years.
Manaksia Coated Metals & Industries Limited (NSE: MANAKCOAT) has successfully commissioned a strategic technology upgrade at its Kutch facility, converting its Continuous Galvanising Line (CGL) from conventional galvanised steel to advanced Aluminium-Zinc (Alu-Zinc) coating technology. This transition was executed during a planned shutdown and marks a pivotal shift toward higher-value product offerings. By adopting Alu-Zinc coatings, the company is targeting a market segment known for premium pricing and superior corrosion resistance, aligning its portfolio with modern industrial requirements.
The upgrade has significantly boosted the company’s manufacturing scale, increasing the CGL’s installed capacity from 132,000 MTPA to 180,000 MTPA. This 36 per cent expansion is supported by higher line speeds and improved operational capabilities, allowing MCMIL to better serve the rising domestic and international demand for specialised coated steel. The modernised line is engineered to deliver enhanced productivity and optimised coating costs per metric tonne, ensuring the company remains competitive in high-growth markets.
Financially and strategically, this milestone is expected to strengthen MCMIL’s EBITDA performance over the medium term by shifting the product mix toward higher-margin items. The improved energy efficiency and scalability of the upgraded facility position the company for long-term value creation and future-ready growth. By focusing on operational excellence and logistical efficiency, MCMIL reinforces its status as a leading exporter while capitalising on new opportunities across the Construction and engineering sectors.
About Manaksia Coated Metals & Industries Limited
Manaksia Coated Metals & Industries Limited (MCMIL) is a premier manufacturer and exporter of high-value pre-painted and plain galvanised steel products, serving diverse sectors including construction, automotive, and appliances. Operating from a strategically located facility in Kutch, Gujarat, the company leverages its proximity to the Kandla and Mundra ports to optimise global exports and domestic distribution. Supported by a robust nationwide network of branch offices and service centres, MCMIL combines modern manufacturing precision with logistical efficiency to deliver specialised, customer-centric solutions across the steel industry.
On Tuesday, shares of MCMIL surged 1.22 per cent to Rs 132.50 per share from its previous closing of Rs 130.90 per share. The company has a market cap of over Rs 1,300 crore. The stock is up by 85 cent from its 52-week low of Rs 71.56 per share and has given multibagger returns of over 1,500 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.