Man Industries (India) Limited share price

NSE: MANINDS · ISIN INE993A01026

Key numbers

Market cap
₹ 7,654 Cr
Current price
₹ 1,020.35
52-week high / low
₹ 1,040 / 302
Stock P/E
37.6
Book value
₹ 287.2
Dividend yield
0.00%
ROCE
13.9%
ROE
9.2%
Debt to equity
0.30
Sales growth (3 yrs)
16.5%
Profit growth (3 yrs)
36.5%
1-year return
133.7%

About Man Industries (India) Limited

Man Industries (India) Limited manufactures, processes, sells, and trades in submerged arc-welded pipes and steel products in India. The company offers longitudinal submerged arc-welded (LSAW) and helically submerged arc-welded (HSAW) line pipes, external coatings and internal linings, electro resistance-welded (ERW) pipes, and hot induction bends (HIB) pipes. It serves customers in the oil, gas, petrochemicals, water dredging, and fertilizer industries. The company exports its products. Man Industries (India) Limited was incorporated in 1988 and is based in Mumbai, India.

Quarterly results

Consolidated figures in ₹ crores

Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales7428348301,1571,053
Operating profit76121128140143
Net profit2837555124
EPS (₹)4.134.837.647.008.19

Investor presentation summary (2026-09-01)

AI summary of the presentation · tone: Positive · source document

Key numbers

  • Earnings Accretive ✓ 15-18% EBITDA Margin and 11-14% PAT margin ✕ Takes time to ramp up
  • SAR / INR: 23.955 | SAR / USD: 3.75 | CY2025 Revenue = INR ~1,898.9 Cr | PAT = INR ~343.6 Cr | USD figures converted at SAR/USD 3.75 (pegged rate)

Guidance & outlook

  • › Delivered ₹3,564 Cr of revenue in FY26
  • September 2026. Expected Rs. 35-50Cr Cashflow in FY27.

Growth & demand

  • › New product line, higher-margin mix
  • Orderbook: At the time of acquisition, NPC carried an order position of USD 120 Million (

Margins & costs

  • Finance costs 1,542 1,022 50.9%
  • PATMargins (%) 5.6% 4.3% 130 Bps

Capex & expansion

  • National Pipe Company (NPC) Saudi Arabia, acquired pipe capacity
  • Acquired 100% equity stake in

Peers in Steel

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