What is Manaksia Coated Metals & Industries Financial Strength?
Manaksia Coated Metals & Industries has the Financial Strength Rank of 4.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
Manaksia Coated Metals & Industries's Interest Coverage for the quarter that ended in Dec. 2023 was 1.34.
Manaksia Coated Metals & Industries's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.00.
As of today, Manaksia Coated Metals & Industries's Altman Z-Score is 2.26.
Competitive Comparison of Manaksia Coated Metals & Industries's Financial Strength
For the Metal Fabrication subindustry, Manaksia Coated Metals & Industries's Financial Strength, along with its competitors' market caps and Financial Strength data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Manaksia Coated Metals & Industries's Financial Strength Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Manaksia Coated Metals & Industries's Financial Strength distribution charts can be found below:
* The bar in red indicates where Manaksia Coated Metals & Industries's Financial Strength falls into.
Manaksia Coated Metals & Industries Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
Manaksia Coated Metals & Industries's Interest Expense for the
months ended in Dec. 2023 was ₹-64 Mil. Its Operating Income for the
months ended in Dec. 2023 was ₹85 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₹0 Mil.
Manaksia Coated Metals & Industries's Interest Coverage for the quarter that ended in Dec. 2023 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Manaksia Coated Metals & Industries's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Manaksia Coated Metals & Industries has a Z-score of 2.26, indicating it is in Grey Zones. This implies that Manaksia Coated Metals & Industries is in some kind of financial stress. If it is below 1.81, the company may faces bankrupcy risk.
Warning Sign:
Altman Z-score of 2.26 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Manaksia Coated Metals & Industries (BOM:539046) Business Description
Traded in Other Exchanges
Address
Road No. 14, Banjara Hills, Plot No. 15, Navodaya Colony, Hyderabad, TG, IND, 500034
Manaksia Coated Metals & Industries Ltd is engaged in the manufacturing of Mosquito Repellent Coils and value-added secondary metal products like Galvanised Corrugated Sheets, Galvanised Plain Sheets, Colour Coated (Pre-painted) Sheets. It operates in two segments including Metal Products; and others. The metal products segment, which is the key revenue driver, includes colour-coated (pre-painted) steel and aluminum sheets and coils. Geographically, it has operations in India as well as overseas. Its products are Colour Coated Metal Sheets & Coils, Galvanised Steel Sheets & Coils, Mosquito Repellent Coils, Ultramarine Blue Powder, and Agro Products. It sells products under brands such as Color Strong, Zingalvo, Singham, and Brochures.
Manaksia Coated Metals & Industries (BOM:539046) Headlines
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