1. India Stocks

  2. •

    Producer manufacturing

  3. •

    Industrial machinery
Man Industries (India) Limited

Man Industries (India) Limited

790.35
INR
-44.40
(-5.32%)
27.24EPS
25.81P/E
43.63BMarket Cap
Nov 18Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
176.05
238.87
243.71
182.15
267.58
379.79
300.51
359.53
372.13
369.34
515.86
536.06
486.67
523.18
Basic EPS, GAAP
1.58
8.82
15.14
5.88
11.15
10.3
9.72
17.66
17.78
11.17
17.42
23.66
23.65
22.53
Free Cash Flow per Basic Share
36.23
11.28
27.75
-17.1
3.77
19.38
35.66
-12.62
70.94
-54.57
37.79
-12.55
18.31
- -
Dividend per Share
1
1.5
1.5
1.5
1.5
1.57
2.45
1.99
- -
1.97
1.98
- -
- -
- -
Book Value per Share
115.69
85.88
99.17
104.77
114.21
122.94
130.7
146.21
152.16
188.39
217.02
248.28
278.17
- -
Tangible Book Value per Share
115.69
75.4
99.17
104.77
114.21
122.94
130.7
146.21
141.68
178.07
207.14
237.57
268.95
- -
Basic Weighted Avg Shares
57
57
57
57
57
57
57
57
57
60
60
65
72
74
Sales/Revenue/Turnover
10,053
13,640
13,917
10,401
15,279
21,687
17,160
20,530
21,259
22,165
31,129
34,702
35,078
38,749
Operating Margin (%)
3.13
5.78
8.44
0.79
5.68
6.1
7.26
11.13
7.27
4.36
6.04
7.55
12.44
11.24
Depreciation Expense
318
424
371
401
392
459
523
464
454
455
611
452
789
962
Net Income, GAAP
90
504
865
336
637
588
555
1,008
1,016
670
1,051
1,532
1,705
1,669
Effective Tax Rate (%)
27.19
16.56
7.36
24.23
33.22
33.47
14.95
26.22
24.73
25.06
27.14
26.48
28.05
28.1
Profit Margin (%)
0.9
3.69
6.21
3.23
4.17
2.71
3.23
4.91
4.78
3.02
3.38
4.41
4.86
4.31
Working Capital
5,347
3,088
2,978
2,891
1,766
1,513
1,562
2,980
6,640
5,904
7,698
7,677
9,357
- -
LT Debt
3,098
2,606
1,905
1,313
896
492
271
96
2,476
1,308
1,503
1,541
3,011
- -
Total Equity
6,606
4,904
5,663
5,983
6,522
7,020
7,464
8,349
9,005
11,323
14,049
16,073
20,865
- -
Return on Invested Capital (%)
0.8
4.97
9.2
0.63
5.26
8.83
9.58
10.69
8.69
5.21
8.28
9.87
12.98
- -
Return on Capital (%)
2.86
8.13
14.25
5.6
8.19
9.4
9.55
11.72
10.08
6.55
9.32
10.71
9.99
- -
Return on Common Equity (%)
1.37
8.75
16.37
5.77
10.19
8.69
7.66
12.76
11.71
6.6
8.29
10.17
9.23
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
3,268
- -
LT Borrowings
- -
2,401
- -
LT Finance Leases
- -
610
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
75
75
75
Market Capitalization
28,995
23,879
43,629

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
35,331
- -
Cash, Cash Equivalents & STI
- -
2,600
- -
Accounts Receivable, Net
- -
10,098
- -
Inventories
- -
15,350
- -
Total Current Liabilities
- -
25,974
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
3,268
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.24%
20.38%
29.82%
Free Cash Flow
-133.14%
-282.14%
-262.44%
Net Income, GAAP
17.75%
16.11%
11.3%
Sales/Revenue/Turnover
12.32%
12.16%
1.08%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
7,487
8,062
7,319
12,185
34,702
2026
7,421
8,341
8,304
11,573
35,078
2027
10,531
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
2.94
4.92
5.36
9.15
23.66
2026
4.13
4.83
7.64
7
23.65
2027
3.2
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Nikhil Ramesh C. Mansukhani
Full Time Employees
2,480
Sector
Producer manufacturing
Industry
Industrial machinery
Address
Man House Mumbai MA India 400056
IPO Date
May 16, 1995
Website
mangroup.com
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Business
Man Industries (India) Limited is a leading manufacturer and exporter of large diameter carbon steel line pipes used primarily in high-pressure transmission applications for oil, gas, petrochemicals, potable water, and fertilizer industries. Its product portfolio includes Longitudinal Submerged Arc Welded (LSAW) pipes, Spiral/Helical Submerged Arc Welded (HSAW) pipes, casing pipes, Electric Resistance Welded (ERW) pipes, hot induction bends, and stainless steel seamless tubes and pipes, complemented by various anti-corrosion coating systems. Founded in 1988 and headquartered in Mumbai, India, the company operates globally, delivering pipeline solutions for onshore, offshore, and sour service applications. Recent major developments include the signing of a five-year Memorandum of Understanding with Aramco Asia India Pvt. Ltd. in November 2025 to explore long-term supply collaboration and the potential establishment of a steel pipe manufacturing facility in Saudi Arabia to expand its global footprint. In mid-2025, Man Industries raised ₹255 crore through a preferential allotment to fund expansions in Jammu and Saudi Arabia, strengthen its balance sheet, and support its global growth strategy. The company also secured significant export orders worth approximately ₹1,150 crore and domestic orders totaling around ₹400 crore, reflecting robust demand for its products. Despite regulatory challenges involving a temporary market access ban by SEBI in 2025 related to legacy compliance issues, the company continues to reinforce its operational and financial resilience. Man Industries is part of the Man Group of India and continues to diversify operations across infrastructure, mining, realty, and hospitality sectors while focusing on core pipe manufacturing and supply solutions.