Man Industries (India) Ltd

Man Industries (India) is engaged in the business of manufacturing, processing and trading of submerged arc welded pipes & steel products.

Add Quick Ratio

Pros:

Company has reduced debt.

Stock is trading at 0.38 times its book value

Stock is providing a good dividend yield of 3.21%.

Company is expected to give good quarter

Cons:

Promoter's stake has decreased

The company has delivered a poor growth of 1.47% over past five years.

Company has a low return on equity of 10.55% for last 3 years.

Contingent liabilities of Rs.511.02 Cr.

Peer Comparison Sector: Steel // Industry: Steel - Large

Loading peers table ...

Detailed Comparison with:

	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019
	306	252	211	291	318	284	481	489	633	803	516	265
	293	235	207	280	294	269	459	428	570	718	494	255
Operating Profit	13	18	4	11	24	16	22	62	62	84	22	9
OPM %	4%	7%	2%	4%	8%	5%	5%	13%	10%	10%	4%	3%
Other Income	19	17	19	21	10	17	23	5	4	-29	27	18
Interest	8	12	12	7	10	9	10	14	18	18	16	14
Depreciation	9	10	11	10	10	10	10	10	11	12	11	12
Profit before tax	15	13	1	15	14	14	24	43	38	25	22	2
Tax %	37%	28%	-206%	23%	27%	32%	30%	38%	33%	40%	30%	15%
Net Profit	9	9	3	11	10	9	17	26	25	15	16	2
	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes

	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	TTM
	1,119	1,447	1,859	1,474	1,588	1,702	1,462	1,005	1,364	1,392	1,060	1,572	2,215
	1,001	1,332	1,732	1,350	1,505	1,514	1,264	950	1,249	1,274	1,015	1,450	2,038
Operating Profit	118	115	127	124	84	188	198	55	115	118	46	123	178
OPM %	11%	8%	7%	8%	5%	11%	14%	5%	8%	8%	4%	8%	8%
Other Income	14	53	24	51	86	29	27	31	38	69	74	54	21
Interest	31	31	45	37	30	27	44	42	46	56	36	43	65
Depreciation	17	28	35	37	40	40	39	32	42	37	40	39	46
Profit before tax	84	109	71	101	99	149	142	12	64	93	43	95	87
Tax %	34%	34%	33%	33%	7%	32%	29%	27%	17%	7%	25%	34%
Net Profit	55	71	47	67	92	102	101	9	54	86	33	63	57
EPS in Rs	10.49	13.01	8.59	12.14	16.18	17.99	16.40	1.38	9.01	14.65	5.37	10.62
Dividend Payout %	14%	11%	17%	14%	12%	11%	12%	64%	16%	10%	26%	14%

* Sales is net of excise duty and discounts

	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019
	27	27	27	27	28	28	30	29	29	29	29	29	29
Reserves	280	340	381	437	522	617	682	635	460	541	572	625	673
Borrowings	247	310	364	308	1,103	409	536	438	443	353	447	374	207
	444	625	946	738	260	451	379	475	528	332	315	681	687
Total Liabilities	998	1,301	1,718	1,509	1,912	1,505	1,628	1,577	1,459	1,255	1,363	1,708	1,596
	265	283	435	415	386	348	393	403	354	347	343	355	396
CWIP	24	105	13	8	0	1	3	2	3	19	5	63	3
Investments	1	33	43	34	184	302	30	21	102	105	105	129	131
	708	880	1,228	1,053	1,341	854	1,202	1,151	1,001	785	910	1,160	1,066
Total Assets	998	1,301	1,718	1,509	1,912	1,505	1,628	1,577	1,459	1,255	1,363	1,708	1,596

	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018
	-111	194	151	221	-377	864	-467	225	112	208	-76	160
	-8	-111	-82	49	-71	-91	185	-7	-60	3	20	-107
	-23	19	4	-103	322	-896	342	-209	-82	-191	43	-140
Net Cash Flow	-142	102	73	167	-126	-123	61	10	-30	19	-13	-88

	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018
ROCE %	21%	23%	16%	18%	11%	13%	21%	5%	11%	16%	8%	14%
Debtor Days	108	55	102	39	81	64	74	103	125	65	111	85
Inventory Turnover	7.59	6.32	7.26	5.82	3.97	4.94	8.78	6.98	10.85	10.56	8.97	5.96