Man Industries (India) Ltd

Man Industries (India) Ltd

₹ 363 0.25%
28 Mar - close price
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

Product Portfolio
Longitudinal Submerged Arc Welded Pipes (LSAW), Helically Submerged Arc Welded Pipes (HSAW), ERW Pipes, Steel bends & Stainless Steel and Coating (Single layer FBE, Internal blasting & painting, Coal tar Enamel). Company's products are products used across O&G and water sector, Hydro-Carbon & CGD Sectors.[1] Company has supplied 17,000+ KM pipes supplied since inception.[2]

  • Market Cap 2,180 Cr.
  • Current Price 363
  • High / Low 459 / 89.0
  • Stock P/E 18.3
  • Book Value 174
  • Dividend Yield 0.55 %
  • ROCE 10.3 %
  • ROE 6.04 %
  • Face Value 5.00

Pros

  • Company is expected to give good quarter

Cons

  • Promoter holding has decreased over last quarter: -3.52%
  • The company has delivered a poor sales growth of 5.88% over past five years.
  • Company has a low return on equity of 9.78% over last 3 years.
  • Promoters have pledged 27.2% of their holding.
  • Dividend payout has been low at 9.74% of profits over last 3 years
  • 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

Sector: Steel Industry: Steel - Medium / Small

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
555 535 404 490 631 569 495 429 613 555 464 1,008 830
487 494 365 449 571 529 473 416 555 513 417 936 766
Operating Profit 68 41 38 42 60 40 23 14 58 42 47 72 65
OPM % 12% 8% 10% 8% 10% 7% 5% 3% 9% 7% 10% 7% 8%
-6 17 7 11 4 16 13 2 14 12 4 23 21
Interest 9 11 9 8 11 10 9 9 12 11 21 22 20
Depreciation 12 11 11 11 11 11 12 11 11 11 15 15 15
Profit before tax 41 36 25 33 42 35 14 -5 48 31 15 58 50
Tax % 25% 31% 23% 28% 23% 26% 27% -43% 25% 14% 21% 26% 25%
31 25 19 24 32 26 10 -6 36 27 12 43 37
EPS in Rs 5.40 4.42 3.38 4.16 5.66 4.37 1.75 -1.08 6.05 4.48 1.98 7.23 6.18
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,702 1,462 1,005 1,364 1,392 1,060 1,572 2,215 1,759 2,075 2,094 2,092 2,857
1,514 1,262 950 1,249 1,274 1,015 1,450 2,039 1,593 1,870 1,914 1,957 2,632
Operating Profit 187 199 55 115 118 46 123 177 166 205 180 136 225
OPM % 11% 14% 5% 8% 8% 4% 8% 8% 9% 10% 9% 6% 8%
29 26 31 38 69 74 54 21 14 31 37 40 59
Interest 27 44 42 46 56 36 43 64 64 53 37 41 73
Depreciation 40 39 32 42 37 40 39 46 52 46 45 45 57
Profit before tax 149 142 12 64 93 43 95 87 64 136 135 90 154
Tax % 32% 29% 27% 17% 7% 25% 34% 34% 15% 26% 25% 25%
102 101 9 54 86 33 63 57 54 101 101 67 119
EPS in Rs 18.44 16.85 1.56 9.38 15.06 5.72 11.01 10.05 9.45 17.62 17.11 11.19 19.87
Dividend Payout % 11% 12% 64% 16% 10% 26% 14% 15% 11% 11% -0% 18%
Compounded Sales Growth
10 Years: 4%
5 Years: 6%
3 Years: 6%
TTM: 36%
Compounded Profit Growth
10 Years: -8%
5 Years: -2%
3 Years: 2%
TTM: 80%
Stock Price CAGR
10 Years: 22%
5 Years: 46%
3 Years: 67%
1 Year: 295%
Return on Equity
10 Years: 9%
5 Years: 9%
3 Years: 10%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 28 30 29 29 29 29 29 29 29 29 30 30 30
Reserves 617 682 635 460 541 572 625 673 716 804 909 973 1,017
409 536 438 443 353 447 374 244 301 303 64 303 212
448 379 474 517 327 313 679 650 785 655 819 421 955
Total Liabilities 1,502 1,628 1,576 1,448 1,249 1,361 1,706 1,596 1,831 1,791 1,822 1,727 2,214
348 393 403 354 347 343 355 396 368 337 313 483 504
CWIP 1 3 2 3 19 5 63 3 4 1 16 3 40
Investments 302 30 21 102 105 105 129 131 133 133 133 136 162
851 1,202 1,150 989 780 908 1,158 1,066 1,326 1,320 1,360 1,105 1,508
Total Assets 1,502 1,628 1,576 1,448 1,249 1,361 1,706 1,596 1,831 1,791 1,822 1,727 2,214

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
864 -467 225 112 208 -76 160 138 213 -60 438 -112
-91 185 -7 -60 3 20 -107 0 -46 4 -109 -126
-896 342 -209 -82 -191 43 -140 -138 -36 -63 -267 187
Net Cash Flow -123 61 10 -30 19 -13 -88 -0 131 -119 62 -51

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 64 74 103 125 65 111 85 88 89 112 94 85
Inventory Days 47 61 52 46 44 49 130 47 110 85 72 24
Days Payable 95 79 162 135 75 94 179 120 162 133 178 75
Cash Conversion Cycle 16 56 -8 36 33 66 36 14 37 64 -11 33
Working Capital Days 26 145 169 56 56 128 62 38 29 81 31 67
ROCE % 13% 21% 5% 11% 16% 8% 14% 15% 13% 17% 16% 10%

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
42.62% 42.62% 42.62% 44.70% 45.69% 45.68% 45.68% 45.68% 45.68% 49.61% 49.61% 46.10%
4.39% 1.69% 1.93% 1.84% 1.73% 1.83% 1.65% 1.60% 2.22% 1.61% 2.14% 1.62%
0.20% 0.19% 0.20% 0.19% 0.19% 0.19% 0.19% 0.23% 0.04% 0.04% 0.64% 3.31%
52.78% 55.49% 55.25% 53.27% 52.39% 52.28% 52.47% 52.48% 52.05% 48.72% 47.60% 48.97%
No. of Shareholders 32,87041,42940,93740,64341,97039,46638,74037,54931,53934,33035,19344,197

* 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.

Documents

Concalls