Man Industries (India) Ltd

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

Man Industries (India) Ltd

₹ 417 0.41%
02 Jul 11:58 a.m.
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 ₹ 2,702 Cr.
  • Current Price ₹ 417
  • High / Low ₹ 514 / 201
  • Stock P/E 19.7
  • Book Value ₹ 219
  • Dividend Yield 0.48 %
  • ROCE 16.8 %
  • ROE 10.2 %
  • Face Value ₹ 5.00
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Pros

  • Promoter holding has increased by 2.06% over last quarter.

Cons

  • Company has a low return on equity of 8.76% over last 3 years.
  • Earnings include an other income of Rs.86.0 Cr.
  • Dividend payout has been low at 9.89% of profits over last 3 years
  • Debtor days have increased from 76.3 to 104 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

Standalone Figures in Rs. Crores / View Consolidated

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
569 495 429 613 555 464 1,008 830 778 732 805 731 850
529 473 416 555 513 417 936 766 732 695 736 659 786
Operating Profit 40 23 14 58 42 47 72 65 46 36 69 72 64
OPM % 7% 5% 3% 9% 7% 10% 7% 8% 6% 5% 9% 10% 8%
16 13 2 14 12 4 23 21 18 25 9 15 37
Interest 10 9 9 12 11 21 22 20 24 18 21 26 35
Depreciation 11 12 11 11 11 15 15 15 15 12 10 11 10
Profit before tax 35 14 -5 48 31 15 58 50 25 32 46 50 57
Tax % 26% 27% 43% 25% 14% 21% 26% 25% 32% 25% 24% 25% 29%
26 10 -6 36 27 12 43 37 17 24 35 38 40
EPS in Rs 4.37 1.75 -1.08 6.05 4.48 1.98 7.23 6.18 2.66 3.73 5.42 5.81 6.23
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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 1,572 2,215 1,759 2,075 2,094 2,092 3,080 3,118
950 1,249 1,274 1,015 1,450 2,039 1,593 1,870 1,914 1,957 2,850 2,876
Operating Profit 55 115 118 46 123 177 166 205 180 136 230 242
OPM % 5% 8% 8% 4% 8% 8% 9% 10% 9% 6% 7% 8%
31 38 69 74 54 21 14 31 37 40 66 86
Interest 42 46 56 36 43 64 64 53 37 41 87 99
Depreciation 32 42 37 40 39 46 52 46 45 45 60 43
Profit before tax 12 64 93 43 95 87 64 136 135 90 149 186
Tax % 27% 17% 7% 25% 34% 34% 15% 26% 25% 25% 26% 26%
9 54 86 33 63 57 54 101 101 67 110 137
EPS in Rs 1.56 9.38 15.06 5.72 11.01 10.05 9.45 17.62 17.11 11.19 16.95 21.18
Dividend Payout % 64% 16% 10% 26% 14% 15% 11% 11% 0% 18% 12% 0%
Compounded Sales Growth
10 Years: 9%
5 Years: 12%
3 Years: 14%
TTM: 1%
Compounded Profit Growth
10 Years: 10%
5 Years: 20%
3 Years: 11%
TTM: 28%
Stock Price CAGR
10 Years: 19%
5 Years: 59%
3 Years: 78%
1 Year: -9%
Return on Equity
10 Years: 10%
5 Years: 10%
3 Years: 9%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 635 460 541 572 625 673 716 804 911 973 1,246 1,386
438 443 353 447 374 244 301 303 64 303 323 371
474 517 327 313 679 650 785 655 817 421 681 1,682
Total Liabilities 1,576 1,448 1,249 1,361 1,706 1,596 1,831 1,791 1,822 1,727 2,282 3,472
403 354 347 343 355 396 368 337 313 483 504 499
CWIP 2 3 19 5 63 3 4 1 16 3 31 94
Investments 21 102 105 105 129 131 133 133 133 136 368 216
1,150 989 780 908 1,158 1,066 1,326 1,320 1,360 1,105 1,379 2,664
Total Assets 1,576 1,448 1,249 1,361 1,706 1,596 1,831 1,791 1,822 1,727 2,282 3,472

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
225 112 208 -76 160 138 213 -60 438 -112 299 95
-7 -60 3 20 -107 0 -46 4 -109 -126 -251 -24
-209 -82 -191 43 -140 -138 -36 -63 -267 187 84 -73
Net Cash Flow 10 -30 19 -13 -88 -0 131 -119 62 -51 132 -2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 103 125 65 111 85 88 89 112 94 85 41 104
Inventory Days 52 46 44 49 130 47 110 85 72 24 55 141
Days Payable 162 135 75 94 179 120 162 133 178 75 78 181
Cash Conversion Cycle -8 36 33 66 36 14 37 64 -11 33 17 64
Working Capital Days 169 56 56 128 62 38 29 81 31 66 37 67
ROCE % 5% 11% 16% 8% 14% 15% 13% 17% 16% 10% 16% 17%

Shareholding Pattern

Numbers in percentages

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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