Metal Coatings (India) (BSE: METALCO) had a P/E of 14.9× on 6 Nov 2026, below the industry P/E of 19.9×, and the shares are 31% below their 52-week high. Sales and net profit fell 4.3% and 4.6% a year over 3 years; its ROCE of 7.1% is the lowest among the 7 largest Steel peers. It carries very little debt, and its dividend yield is 1.8%. It is a small-cap company with a market cap of ₹38 Cr, ranked 124th of 150 Steel companies by market cap; the shares fell 18% over the past year.
- ₹56.00
- ₹56.00
- ₹51.00
- ₹56.03
- 2.9K
Health check
- ReturnsBehind
−18.3% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 14.9 vs industry 19.9.
- GrowthShrinking
Sales −4.3%, profit −4.6% a year over 3 years.
- ProfitabilityWeak
ROCE 7.1% vs peer median 18.7%.
- Balance sheetStretched
Debt 0.08× equity, interest covered 227.0×, Piotroski 2 of 9.
- Red flags2 to check
Return on equity is low at 5.6%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹38 Cr
- Small cap
- P/E
- 14.9
- Industry 19.9
- Price to book
- 0.87
- Peers 2.28
- Dividend yield
- 1.78%
- ROE
- 5.6%
- Peers 23.4%
- ROCE
- 7.1%
- Peers 18.7%
- Debt to equity
- 0.08
- Debt ₹3.52 Cr
- EPS (TTM)
- ₹3.50
- OPM (TTM)
- 2.1%
- Net margin 1.7%
- Sales growth
- +9.2%
- Latest quarter vs a year ago
- Profit growth
- +26.3%
- Latest quarter vs a year ago
- Price to sales
- 0.25
- EV/EBITDA 9.3
Strengths and risks
Strengths
- Practically debt-free.
- Quarterly profit up 26.3% on a year ago.
- P/E of 14.9 against an industry P/E of 19.9.
Risks to check
- Return on equity is low at 5.6%.
- 31% below its 52-week high.
About Metal Coatings (India)
Metal Coatings (India) Limited manufactures and sells cold-rolled steel strips and hot-rolled pickled and oiled steel strips and coils in India. It serves the auto components, consumer durables, electrical equipment, electronics, telecom equipment, engineering products, infrastructure, industrial, white goods, and other industries. Metal Coatings (India) Limited was incorporated in 1994 and is based in New Delhi, India.
- Headquarters
- New Delhi
- Employees
- 63
- Sector
- Basic Materials
- ISIN
- INE161E01014
- Website
- mcil.net
Price range
- Avg volume (3M)
- 1.6K
- 1-year return
- minus 18.3%
- From 52-week high
- minus 30.7%
Peers · Steel
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| JSWSTEELJSW Steel | 1,357.10 | plus 0.11% | 3,31,265 | 11.7 | 12.2 | 18.7% | 17.7% | 0.62 | 3.6% | plus 14.7% |
| TATASTEELTata Steel | 186.30 | plus 2.36% | 2,32,397 | 21.1 | 9.1 | 11.3% | 15.2% | 0.89 | −1.6% | plus 1.5% |
| JINDALSTELJindal Steel | 1,165.00 | plus 1.31% | 1,18,594 | 41.5 | 14.9 | 7.5% | 15.9% | 0.42 | −13.1% | plus 6.4% |
| LLOYDSMELloyds Metals And Energy | 1,785.50 | minus 1.38% | 1,00,482 | 19.1 | 18.8 | 19.4% | 37.4% | 1.23 | 71.3% | plus 37.4% |
| SAILSteel Authority of India | 171.60 | minus 0.41% | 70,880 | 12.6 | 8.1 | 7.2% | 12.9% | 0.50 | 2.0% | plus 24.7% |
| NMDCNMDC | 70.40 | minus 0.01% | 61,894 | 8.3 | 6.2 | 28.4% | 30.0% | 0.19 | 22.0% | minus 5.2% |
| APLAPOLLOAPL Apollo Tubes | 2,185.30 | minus 0.41% | 60,677 | 46.3 | 32.7 | 28.0% | 8.2% | 0.17 | 12.6% | plus 23.3% |
| METALCOMetal Coatings (India) | 52.10 | minus 7.01% | 38 | 14.9 | 10.9 | 7.1% | 2.1% | 0.08 | −4.3% | minus 18.3% |
| Median of 7 peers | – | −0.01% | 1,00,482 | 19.1 | 12.2 | 18.7% | 15.9% | 0.50 | 3.6% | 14.7% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 35 | 39 | 38.2 | 36.7 | 38.2 | |
| 34.6 | 38.1 | 37.1 | 36.3 | 37.5 | |
| 0.5 | 0.9 | 1.1 | 0.5 | 0.7 | |
| 1.3% | 2.3% | 2.8% | 1.3% | 1.9% | |
| 0.4 | 0.2 | 0.3 | −0.1 | 0.4 | |
| 0 | 0 | 0 | – | 0 | |
| 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | |
| 0.7 | 1 | 1.2 | 0.3 | 1.1 | |
| 15.1% | 27.8% | 20.4% | 55.2% | 26.6% | |
| 0.6 | 0.7 | 1 | 0.1 | 0.8 | |
| 0.83 | 0.95 | 1.31 | 0.19 | 1.05 |
Profit & loss
- Sales CAGR 3Y
- −4.3%
- Profit CAGR 3Y
- −4.6%
- EPS CAGR 3Y
- −4.5%
- ROE
- 5.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 165 | 164 | 155 | 145 | |
| – | minus 0.9% | minus 5.0% | minus 7.0% | |
| 161 | 160 | 150 | 142 | |
| 3.7 | 3.2 | 5.3 | 3 | |
| 2.3% | 2.0% | 3.4% | 2.0% | |
| 0.3 | 0.2 | 0.4 | 0.3 | |
| 0.1 | 0 | 2.3 | 0 | |
| 0.5 | 0.5 | 0.6 | 0.6 | |
| 0.1 | 0.3 | 0.4 | 0.5 | |
| 3.6 | 3.2 | 3.1 | 3.2 | |
| 24.2% | 21.9% | 23.0% | 24.7% | |
| 2.8 | 2.5 | 2.4 | 2.4 | |
| – | minus 9.6% | minus 5.2% | +1.3% | |
| 3.77 | 3.41 | 3.23 | 3.28 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 7.3 | 7.3 | 7.3 | 7.3 | |
| 29.6 | 32.3 | 34.8 | 36.6 | |
| – | 2 | 1.6 | 3.5 | |
| 6.3 | 6.1 | 9.3 | 8.9 | |
| 43.3 | 47.8 | 53.1 | 56.4 | |
| 5.6 | 5.5 | 5.6 | 5.1 | |
| 0.5 | 5.4 | 8.3 | 9.3 | |
| 37.1 | 36.9 | 39.2 | 42 | |
| 43.3 | 47.8 | 53.1 | 56.4 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 11.3 | 2.8 | 5.7 | −1.2 | |
| −1 | −5.3 | −2.9 | 0 | |
| −9.8 | 2 | −2.8 | 1.2 | |
| 0.5 | −0.5 | 0 | 0 | |
| −1.5 | −0.5 | −0.7 | −0 | |
| 9.8 | 2.3 | 5 | −1.2 | |
| – | – | – | −0.7 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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