Man Industries (India) Ltd

Man Industries Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Man Industries (India) Ltd

₹ 376 2.09%
30 May - close price
mangroup.com BSE: 513269 NSE: MANINDS
About

Man Industries Ltd. is one of the largest Manufacturers and Exporters of LSAW and HSAW pipes in India with a total installed capacity of 1 million tonnes. The company is among leading manufacturer of large diameter pipes with 3 Decades of presence in Pipe
Industry.

Key Points

Business Profile[1]
MAN Industries is a leading manufacturer of large-diameter carbon steel line pipes, catering to high-pressure transmission applications in oil & gas, water supply, and structural industries.

Website BSE NSE
  • Market Cap ₹ 2,434 Cr.
  • Current Price ₹ 376
  • High / Low ₹ 514 / 201
  • Stock P/E 15.9
  • Book Value ₹ 248
  • Dividend Yield 0.53 %
  • ROCE 16.2 %
  • ROE 10.2 %
  • Face Value ₹ 5.00
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Pros

Cons

  • Company has a low return on equity of 8.24% over last 3 years.
  • Debtor days have increased from 71.8 to 93.3 days.
  • Company's cost of borrowing seems high

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Industrials Capital Goods Industrial Products Iron & Steel Products

Part of BSE SmallCap BSE Allcap BSE Industrials

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
614 510 465 658 598 490 1,018 833 811 749 806 732 1,218
573 488 450 599 557 444 948 768 752 711 742 653 1,097
Operating Profit 41 22 15 59 41 47 70 65 58 38 64 79 121
OPM % 7% 4% 3% 9% 7% 10% 7% 8% 7% 5% 8% 11% 10%
16 12 2 14 11 4 21 14 14 20 11 6 15
Interest 10 9 9 12 6 21 22 20 25 18 21 26 35
Depreciation 12 12 11 11 11 15 15 16 15 13 11 11 11
Profit before tax 35 14 -3 49 34 14 54 43 32 28 43 47 91
Tax % 25% 29% 63% 25% 12% 22% 28% 29% 26% 31% 26% 27% 25%
27 10 -5 37 30 11 39 31 24 19 32 34 68
EPS in Rs 4.48 1.64 -0.85 6.19 4.96 1.87 6.50 5.09 3.73 2.94 4.92 5.27 10.53
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,005 1,364 1,392 1,060 1,608 2,222 1,759 2,080 2,139 2,231 3,142 3,505
950 1,250 1,272 1,012 1,483 2,044 1,591 1,875 1,958 2,094 2,901 3,204
Operating Profit 55 114 120 48 125 178 168 205 181 137 241 301
OPM % 5% 8% 9% 5% 8% 8% 10% 10% 8% 6% 8% 9%
31 35 67 72 53 21 14 31 37 39 52 52
Interest 42 46 56 36 43 64 64 53 37 41 88 100
Depreciation 32 43 37 40 39 46 52 46 45 46 61 45
Profit before tax 12 60 93 44 95 88 65 137 135 89 144 208
Tax % 27% 17% 7% 24% 33% 33% 15% 26% 25% 25% 27% 26%
9 50 86 34 64 59 56 101 102 67 105 153
EPS in Rs 1.58 8.82 15.14 5.88 11.15 10.30 9.72 17.66 17.16 11.15 16.24 23.66
Dividend Payout % 63% 17% 10% 26% 13% 15% 10% 11% 0% 0% 12% 0%
Compounded Sales Growth
10 Years: 10%
5 Years: 15%
3 Years: 18%
TTM: 12%
Compounded Profit Growth
10 Years: 12%
5 Years: 22%
3 Years: 15%
TTM: 50%
Stock Price CAGR
10 Years: 20%
5 Years: 59%
3 Years: 70%
1 Year: 5%
Return on Equity
10 Years: 9%
5 Years: 9%
3 Years: 8%
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 29 29 29 29 29 29 29 29 30 30 32 32
Reserves 632 454 538 570 624 673 718 806 913 1,102 1,372 1,575
438 495 353 447 368 244 294 296 57 301 326 476
474 522 323 311 678 648 787 655 821 427 684 1,696
Total Liabilities 1,573 1,499 1,243 1,356 1,698 1,594 1,827 1,786 1,820 1,860 2,415 3,779
405 416 349 346 355 396 368 337 318 553 605 643
CWIP 2 3 19 5 63 3 4 1 20 14 31 133
Investments 20 3 104 104 103 102 102 103 102 0 228 26
1,147 1,077 771 902 1,176 1,093 1,353 1,345 1,379 1,293 1,552 2,977
Total Assets 1,573 1,499 1,243 1,356 1,698 1,594 1,827 1,786 1,820 1,860 2,415 3,779

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
247 64 205 -75 132 137 214 -60 451 -120 257 68
-29 -61 2 21 -105 0 -46 4 -119 -135 -264 -41
-208 -35 -188 41 -115 -138 -37 -63 -267 211 158 30
Net Cash Flow 10 -31 19 -13 -88 -1 131 -119 65 -45 152 56

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 109 130 70 117 87 91 93 115 93 81 41 93
Inventory Days 52 92 44 49 126 47 110 85 73 84 98 169
Days Payable 162 135 75 94 174 121 162 133 174 70 76 160
Cash Conversion Cycle -1 87 39 71 39 17 41 67 -8 95 63 102
Working Capital Days 167 94 54 124 64 42 34 84 32 96 53 74
ROCE % 5% 10% 16% 8% 14% 16% 13% 17% 16% 10% 14% 16%

Shareholding Pattern

Numbers in percentages

3 Recently
Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025May 2025
45.68% 45.68% 45.68% 45.68% 49.61% 49.61% 46.15% 46.12% 46.15% 46.15% 46.20% 48.21%
1.83% 1.65% 1.60% 2.22% 1.61% 2.14% 1.64% 1.84% 2.52% 2.16% 3.33% 2.58%
0.19% 0.19% 0.23% 0.04% 0.04% 0.64% 3.31% 3.31% 3.27% 2.64% 1.03% 1.03%
52.28% 52.47% 52.48% 52.05% 48.72% 47.60% 48.90% 48.72% 48.05% 49.05% 49.43% 48.18%
No. of Shareholders 39,46638,74037,54931,53934,33035,19344,20646,29553,58256,98456,40559,431

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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