Share price
₹60.69 latest close · +4.1% over the last 90 sessions
₹60.69 month-end · −4.8% over 12 months
₹60.69 month-end · −54.0% over 3 years
₹60.69 month-end · +70.5% since Jan '19
52-week range ₹42.10 to ₹73.40 · 1-year volatility 41.5%
Was the rally earned?
- The share price was roughly flat over 1 year (-5%).
- The share count barely moved.
Mostly earnings.
- Per-share earnings took off 37 points, while the multiple moved less (P/E 8.1x to 6.3x).
- The share count barely moved.
- The share price was roughly flat over 5 years (+2%).
- The share count fell 8%.
What do "pts" mean?
"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.
Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.
Net profit is trailing twelve months as reported with a 60-day lag.
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-77.2% (2023-06 peak to 2026-03 low, not yet recovered)
-47.6% (2020-03 peak to 2020-03 low, recovered 2020-12)
-32.8% (2023-02 peak to 2023-03 low, recovered 2023-05)
Is it expensive against its own past and its peers?
Usual range 2.7x to 8.6x since 2019-01.
71% below the Non-Energy Minerals median.
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How to read this
Shaded band: 10th to 90th percentile of the company's own P/E history; dotted line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).
Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.
Where does it rank among Non-Energy Minerals peers?
Each cell is the company's percentile rank among its Non-Energy Minerals peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).
Where it ranks today
- ROCE47th▼ 7 pts vs a year ago
- Op. margin32nd▲ 11 pts vs a year ago
- Revenue growth35th▼ 58 pts vs a year ago
- EPS growth60th▲ 28 pts vs a year ago
- Debt/equity ↓87thflat vs a year ago
- Cash cycle ↓70th▲ 7 pts vs a year ago
- P/E ↓96thflat vs a year ago
- 12M momentum59th▲ 39 pts vs a year ago
Rank history
Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.
The Non-Energy Minerals sector page Watch it move against Non-Energy Minerals in the Observatory
What is the price implying?
At a P/E of 4.2x, the price would imply about −1.4%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.
Below the ₹1,000 cr market-cap floor used for the lists.
“Implied growth” is what the current price would require under our stated assumptions, not what we expect.
What prices imply across Non-Energy Minerals The market-wide Expectations lists
Key figures
- Share Priceclose 9 Nov
- ₹60.69
- P/E
- 6.3x
- ROCE
- 10.0%
- Market Cap
- ₹397 cr
- Revenue (TTM)
- ₹834 cr
- P/S
- 0.5x
- P/B
- 0.5x
- ROE
- 8.7%
- Operating Margin
- 7.0%
- Debt / Equity
- 0.0x
- Promoter Holding
- 74.9%
- 12M Momentum
- -4.8%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance56%Beyond threshold
Other income as a share of pre-tax profit (trailing twelve months): 55.8%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate29%Within range
Median quarterly effective tax rate over about 2.5 years: 29.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Cash conversion-0.79xBeyond threshold
Operating cash flow divided by net profit over the last three fiscal years: -0.79x (cash from operations ₹-151 cr, net profit ₹190 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.
Free cash flow3 of 5 yrsNear threshold
Fiscal years with positive free cash flow in the last 5: 3. Bands: at least 80% of years, 40% to 80%, below 40%.
Receivable days vs history0 daysWithin range
Debtor days are below the median of the previous three fiscal years by 0 days (33 vs 33). Bands: under 15 days, 15 to 45, over 45.
Capital work in progress94% of fixed assetsBeyond threshold
Capital work-in-progress is 94% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.
Payable days+7 days / 2 yrsWithin range
Days payable changed by +7 over two years. Bands: rise of up to 30 days; more than 30 days.
Tap a check to see how it is measured
How to read this
Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.
Who has been buying and selling?
- Over 2 years, FIIs trimmed 0.8 pts.
Holdings, Jun '26
How each group changed
Number of shareholders
Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like MANAKSIA LIMITED today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
- Over the following 12 months the middle half of them returned −20% to +30% vs the market, against −8% for all non-financial companies in the same months.
- The gap against the base rate (+1.9%, 80% range −4.3% to +10.1%) is within what chance and overlapping periods produce.
Where the 50 outcomes landed
Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 3 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 32 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| HMVL Consumer Services |
Sep 2025 | 7x | 11% | −12% | −16% | −10% |
| VETO Producer Manufacturing |
Oct 2025 | 11x | 11% | −12% | −17% | +4% |
| ASPINWALL Transportation |
May 2025 | 12x | 7% | +8% | −14% | −17% |
| SHREYANIND Process Industries |
Oct 2025 | 6x | 16% | −7% | −13% | −40% |
| GHCLTEXTIL Process Industries |
Apr 2025 | 15x | 6% | −4% | −32% | +5% |
Show the other 3 matches
How reliable is this?
Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, drawdown from 12-month high and volatility. One match per company and at most 7 from any one month.
Independent periods: the matches fall in 5 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.
What changed?
30 events since Feb '20
- SepResultsYear-on-year EPS growth turned positive.
- SepPeer rankMoved into the 2nd quartile of Non-Energy Minerals on EPS growth (from the 3rd quartile).
- JunPeer rankSlipped to the 3rd quartile of Non-Energy Minerals on ROCE (from the 2nd quartile).
- MarPriceFell 77% from the Jun 2023 peak to the Mar 2026 low.
- JunValuationP/E crossed above the 90th percentile of its own history to date (8.7x).
- JunPeer rankSlipped to the bottom quartile of Non-Energy Minerals on operating margin (from the 3rd quartile).
- MarPeer rankMoved into the 3rd quartile of Non-Energy Minerals on operating margin (from the bottom quartile).
- DecPeer rankSlipped to the bottom quartile of Non-Energy Minerals on operating margin (from the 2nd quartile).
Show 22 earlier events
- JunValuationP/E crossed above the 90th percentile of its own history to date (8.4x).
- JunPeer rankSlipped to the bottom quartile of Non-Energy Minerals on EPS growth (from the 3rd quartile).
- JunDividendDividend payout cut from 18% to 0% of profit.
- JunResultsYear-on-year EPS growth turned negative.
- JunValuationP/E crossed above the 90th percentile of its own history to date (10.1x).
- JunPeer rankSlipped to the 3rd quartile of Non-Energy Minerals on EPS growth (from the top quartile).
- MayPriceRegained the 2023-02 peak, 2 months after the low.
- MarPriceFell 33% from the Feb 2023 peak to the Mar 2023 low.
- JanPriceRegained the 2022-04 peak, 7 months after the low.
- JunResultsRevenue (TTM) reached a new high of ₹1,174 cr.
- JunPriceFell 32% from the Apr 2022 peak to the Jun 2022 low.
- JunPeer rankMoved into the 2nd quartile of Non-Energy Minerals on ROCE (from the 3rd quartile).
- JunDividendDividend payout cut from 33% to 11% of profit.
- DecValuationP/E crossed above the 90th percentile of its own history to date (8.6x).
- JunResultsYear-on-year EPS growth turned positive.
- JunPeer rankSlipped to the 3rd quartile of Non-Energy Minerals on ROCE (from the 2nd quartile).
- JunDividendDividend payout cut from 117% to 33% of profit.
- JanValuationP/E crossed above the 90th percentile of its own history to date (5.7x).
- DecPriceRegained the 2020-03 peak, 9 months after the low.
- JunPeer rankMoved into the 2nd quartile of Non-Energy Minerals on ROCE (from the 3rd quartile).
- MarPriceFell 48% from the Mar 2020 peak to the Mar 2020 low.
- FebPriceRegained the 2019-01 peak, 6 months after the low.
Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.
Where price and fundamentals disagree, market-wide Rewind the whole market to any month
Monthly history95 months · 2019-01 to 2026-11
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | 6.3x | ₹834 cr | 8.7% | 10.0% | 0.0x |
| 2026-10 | 5.5x | ₹834 cr | 8.9% | 10.0% | 0.0x |
| 2026-09 | 6.3x | ₹834 cr | 8.9% | 10.0% | 0.0x |
| 2026-08 | 7.4x | ₹784 cr | 7.2% | 10.0% | 0.0x |
| 2026-07 | 7.0x | ₹784 cr | 7.2% | 10.0% | 0.0x |
| 2026-06 | 7.3x | ₹784 cr | 7.2% | 10.0% | 0.0x |
| 2026-05 | 8.0x | ₹816 cr | 8.9% | 12.0% | 0.0x |
| 2026-04 | 7.4x | ₹816 cr | 8.9% | 12.0% | 0.0x |
| 2026-03 | 5.4x | ₹816 cr | 8.9% | 12.0% | 0.0x |
| 2026-02 | 7.8x | ₹820 cr | 8.6% | 12.0% | 0.0x |
| 2026-01 | 8.3x | ₹820 cr | 8.6% | 12.0% | 0.0x |
| 2025-12 | 8.4x | ₹820 cr | 8.6% | 12.0% | 0.0x |
| 2025-11 | 7.7x | ₹799 cr | 9.4% | 12.0% | 0.0x |
| 2025-10 | 8.2x | ₹799 cr | 9.4% | 12.0% | 0.0x |
| 2025-09 | 8.2x | ₹799 cr | 9.4% | 12.0% | 0.0x |
| 2025-08 | 8.1x | ₹731 cr | 10.1% | 12.0% | 0.0x |
| 2025-07 | 8.9x | ₹731 cr | 10.1% | 12.0% | 0.0x |
| 2025-06 | 8.7x | ₹731 cr | 10.1% | 12.0% | 0.0x |
| 2025-05 | 7.7x | ₹577 cr | 11.3% | 14.0% | 0.1x |
| 2025-04 | 7.3x | ₹577 cr | 11.3% | 14.0% | 0.1x |
| 2025-03 | 6.5x | ₹577 cr | 11.3% | 14.0% | 0.1x |
| 2025-02 | 7.0x | ₹541 cr | 12.0% | 14.0% | 0.1x |
| 2025-01 | 8.6x | ₹541 cr | 12.0% | 14.0% | 0.1x |
| 2024-12 | 8.7x | ₹541 cr | 12.0% | 14.0% | 0.1x |
| 2024-11 | 8.8x | ₹571 cr | 13.6% | 14.0% | 0.1x |
| 2024-10 | 8.6x | ₹571 cr | 13.6% | 14.0% | 0.1x |
| 2024-09 | 10.0x | ₹571 cr | 13.6% | 14.0% | 0.1x |
| 2024-08 | 8.5x | ₹702 cr | 14.2% | 14.0% | 0.1x |
| 2024-07 | 8.5x | ₹702 cr | 14.2% | 14.0% | 0.1x |
| 2024-06 | 8.4x | ₹702 cr | 14.2% | 14.0% | 0.1x |
| 2024-05 | 6.2x | ₹1165 cr | 9.6% | 12.0% | 0.1x |
| 2024-04 | 7.2x | ₹1165 cr | 9.6% | 12.0% | 0.1x |
| 2024-03 | 6.0x | ₹1165 cr | 9.6% | 12.0% | 0.1x |
| 2024-02 | 7.5x | ₹1165 cr | 9.6% | 12.0% | 0.1x |
| 2024-01 | 8.2x | ₹1165 cr | 9.6% | 12.0% | 0.1x |
| 2023-12 | 8.1x | ₹1165 cr | 9.6% | 12.0% | 0.1x |
| 2023-11 | 8.1x | ₹1165 cr | 9.6% | 12.0% | 0.1x |
| 2023-10 | 8.3x | ₹1165 cr | 9.6% | 12.0% | 0.1x |
| 2023-09 | 8.7x | ₹1165 cr | 9.6% | 12.0% | 0.1x |
| 2023-08 | 8.2x | ₹1165 cr | 9.6% | 12.0% | 0.1x |
| 2023-07 | 8.3x | ₹1165 cr | 9.6% | 12.0% | 0.1x |
| 2023-06 | 10.1x | ₹1165 cr | 9.6% | 12.0% | 0.1x |
| 2023-05 | 6.0x | ₹1174 cr | 17.5% | 23.0% | 0.1x |
| 2023-04 | 4.6x | ₹1174 cr | 17.5% | 23.0% | 0.1x |
| 2023-03 | 3.8x | ₹1174 cr | 17.5% | 23.0% | 0.1x |
| 2023-02 | 4.3x | ₹1174 cr | 17.5% | 23.0% | 0.1x |
| 2023-01 | 4.0x | ₹1174 cr | 17.5% | 23.0% | 0.1x |
| 2022-12 | 2.7x | ₹1174 cr | 17.5% | 23.0% | 0.1x |
| 2022-11 | 2.7x | ₹1174 cr | 17.5% | 23.0% | 0.1x |
| 2022-10 | 2.8x | ₹1174 cr | 17.5% | 23.0% | 0.1x |
| 2022-09 | 2.8x | ₹1174 cr | 17.5% | 23.0% | 0.1x |
| 2022-08 | 2.7x | ₹1174 cr | 17.5% | 23.0% | 0.1x |
| 2022-07 | 2.9x | ₹1174 cr | 17.5% | 23.0% | 0.1x |
| 2022-06 | 2.7x | ₹1174 cr | 17.5% | 23.0% | 0.1x |
| 2022-05 | 9.6x | ₹861 cr | 6.8% | 9.0% | 0.1x |
| 2022-04 | 10.2x | ₹861 cr | 6.8% | 9.0% | 0.1x |
| 2022-03 | 8.1x | ₹861 cr | 6.8% | 9.0% | 0.1x |
| 2022-02 | 8.0x | ₹861 cr | 6.8% | 9.0% | 0.1x |
| 2022-01 | 8.2x | ₹861 cr | 6.8% | 9.0% | 0.1x |
| 2021-12 | 8.6x | ₹861 cr | 6.8% | 9.0% | 0.1x |
| 2021-11 | 6.6x | ₹861 cr | 6.8% | 9.0% | 0.1x |
| 2021-10 | 7.0x | ₹861 cr | 6.8% | 9.0% | 0.1x |
| 2021-09 | 7.2x | ₹861 cr | 6.8% | 9.0% | 0.1x |
| 2021-08 | 7.6x | ₹861 cr | 6.8% | 9.0% | 0.1x |
| 2021-07 | 7.7x | ₹861 cr | 6.8% | 9.0% | 0.1x |
| 2021-06 | 7.1x | ₹861 cr | 6.8% | 9.0% | 0.1x |
| 2021-05 | 7.0x | ₹856 cr | 6.4% | 9.0% | 0.0x |
| 2021-04 | 6.3x | ₹856 cr | 6.4% | 9.0% | 0.0x |
| 2021-03 | 5.6x | ₹856 cr | 6.4% | 9.0% | 0.0x |
| 2021-02 | 6.1x | ₹856 cr | 6.4% | 9.0% | 0.0x |
| 2021-01 | 5.7x | ₹856 cr | 6.4% | 9.0% | 0.0x |
| 2020-12 | 6.5x | ₹856 cr | 6.4% | 9.0% | 0.0x |
| 2020-11 | 4.9x | ₹856 cr | 6.4% | 9.0% | 0.0x |
| 2020-10 | 4.3x | ₹856 cr | 6.4% | 9.0% | 0.0x |
| 2020-09 | 4.5x | ₹856 cr | 6.4% | 9.0% | 0.0x |
| 2020-08 | 4.5x | ₹856 cr | 6.4% | 9.0% | 0.0x |
| 2020-07 | 3.8x | ₹856 cr | 6.4% | 9.0% | 0.0x |
| 2020-06 | 4.2x | ₹856 cr | 6.4% | 9.0% | 0.0x |
| 2020-05 | 2.7x | ₹990 cr | 7.1% | 10.0% | 0.0x |
| 2020-04 | 2.9x | ₹990 cr | 7.1% | 10.0% | 0.0x |
| 2020-03 | 2.4x | ₹990 cr | 7.1% | 10.0% | 0.0x |
| 2020-02 | 3.9x | ₹990 cr | 7.1% | 10.0% | 0.0x |
| 2020-01 | 3.0x | ₹990 cr | 7.1% | 10.0% | 0.0x |
| 2019-12 | 3.0x | ₹990 cr | 7.1% | 10.0% | 0.0x |
| 2019-11 | 3.1x | ₹990 cr | 7.1% | 10.0% | 0.0x |
| 2019-10 | 3.1x | ₹990 cr | 7.1% | 10.0% | 0.0x |
| 2019-09 | 3.1x | ₹990 cr | 7.1% | 10.0% | 0.0x |
| 2019-08 | 2.8x | ₹990 cr | 7.1% | 10.0% | 0.0x |
| 2019-07 | 2.8x | ₹990 cr | 7.1% | 10.0% | 0.0x |
| 2019-06 | 3.2x | ₹990 cr | 7.1% | 10.0% | 0.0x |
| 2019-05 | 2.6x | ₹986 cr | 9.7% | 14.0% | 0.1x |
| 2019-04 | 2.5x | ₹986 cr | 9.7% | 14.0% | 0.1x |
| 2019-03 | 2.8x | ₹986 cr | 9.7% | 14.0% | 0.1x |
| 2019-02 | 2.3x | ₹986 cr | 9.7% | 14.0% | 0.1x |
| 2019-01 | 2.5x | ₹986 cr | 9.7% | 14.0% | 0.1x |