Man Industries (India) Ltd

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

  • Market Cap: 210.41 Cr.
  • Current Price: 36.90
  • 52 weeks High / Low 64.40 / 29.75
  • Book Value: 123.51
  • Stock P/E: 4.86
  • Dividend Yield: 4.07 %
  • ROCE: 15.38 %
  • ROE: 8.47 %
  • Sales Growth (3Yrs): 16.76 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 5.00
Edit ratios
Pros:
Company has reduced debt.
Stock is trading at 0.30 times its book value
Stock is providing a good dividend yield of 4.07%.
Company has been maintaining a healthy dividend payout of 18.26%
Cons:
Promoter holding has decreased by -1.38% over last quarter
Company has a low return on equity of 8.19% for last 3 years.
Contingent liabilities of Rs.645.14 Cr.
Promoters have pledged 41.56% of their holding.
Earnings include an other income of Rs.45.50 Cr.
Company's cost of borrowing seems high

Peer comparison Sector: Steel // Industry: Steel - Medium / Small

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
291 318 284 481 489 633 803 516 265 239 306 533
280 294 269 459 428 570 718 494 255 216 279 474
Operating Profit 11 24 16 22 62 62 84 22 9 22 27 59
OPM % 4% 8% 5% 5% 13% 10% 10% 4% 3% 9% 9% 11%
Other Income 21 10 17 23 5 4 -29 27 18 6 13 8
Interest 7 10 9 10 14 18 18 16 14 13 14 15
Depreciation 10 10 10 10 10 11 12 11 12 12 12 13
Profit before tax 15 14 14 24 43 38 25 22 2 3 14 39
Tax % 23% 27% 32% 30% 38% 33% 40% 30% 15% 18% 31% 25%
Net Profit 11 10 9 17 26 25 15 16 2 3 10 29
EPS in Rs 1.99 1.76 1.64 2.98 4.63 4.39 2.66 2.72 0.28 0.47 1.69 5.14
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
1,447 1,859 1,474 1,588 1,702 1,462 1,005 1,364 1,392 1,060 1,572 2,215 1,342
1,332 1,732 1,350 1,505 1,514 1,264 950 1,249 1,274 1,015 1,450 2,038 1,224
Operating Profit 115 127 124 84 188 198 55 115 118 46 123 178 118
OPM % 8% 7% 8% 5% 11% 14% 5% 8% 8% 4% 8% 8% 9%
Other Income 53 24 51 86 29 27 31 38 69 74 54 21 46
Interest 31 45 37 30 27 44 42 46 56 36 43 65 56
Depreciation 28 35 37 40 40 39 32 42 37 40 39 46 49
Profit before tax 109 71 101 99 149 142 12 64 93 43 95 87 58
Tax % 34% 33% 33% 7% 32% 29% 27% 17% 7% 25% 34% 34%
Net Profit 71 47 67 92 102 101 9 54 86 33 63 57 43
EPS in Rs 6.57 4.33 12.24 16.30 18.12 16.51 1.39 9.08 14.76 5.41 11.01 10.05 7.58
Dividend Payout % 11% 17% 14% 12% 11% 12% 64% 16% 10% 26% 14% 15%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:1.77%
5 Years:17.12%
3 Years:16.76%
TTM:-44.99%
Compounded Profit Growth
10 Years:1.92%
5 Years:46.27%
3 Years:-12.67%
TTM:-48.81%
Stock Price CAGR
10 Years:-6.45%
5 Years:-13.03%
3 Years:-11.26%
1 Year:-37.83%
Return on Equity
10 Years:11.92%
5 Years:9.81%
3 Years:8.19%
Last Year:8.47%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Sep 2019
27 27 27 28 28 30 29 29 29 29 29 29 29
Reserves 340 381 437 522 617 682 635 460 541 572 625 673 677
Borrowings 310 364 308 1,103 409 536 438 443 353 447 374 251 203
625 946 738 257 448 379 474 517 327 313 679 643 815
Total Liabilities 1,301 1,718 1,509 1,910 1,502 1,628 1,576 1,448 1,249 1,361 1,706 1,596 1,723
283 435 415 386 348 393 403 354 347 343 355 396 375
CWIP 105 13 8 0 1 3 2 3 19 5 63 3 3
Investments 33 43 34 184 302 30 21 102 105 105 129 131 131
880 1,228 1,053 1,339 851 1,202 1,150 989 780 908 1,158 1,066 1,213
Total Assets 1,301 1,718 1,509 1,910 1,502 1,628 1,576 1,448 1,249 1,361 1,706 1,596 1,723

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
194 151 221 -377 864 -467 225 112 208 -76 160 138
-111 -82 49 -71 -91 185 -7 -60 3 20 -107 -19
19 4 -103 322 -896 342 -209 -82 -191 43 -140 -138
Net Cash Flow 102 73 167 -126 -123 61 10 -30 19 -13 -88 -19

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 23% 16% 18% 11% 13% 21% 5% 11% 16% 8% 14% 15%
Debtor Days 55 102 39 81 64 74 103 125 65 111 85 88
Inventory Turnover 6.32 7.26 5.82 3.97 4.94 8.78 6.98 10.85 10.56 8.97 5.96 6.98