Man Industries (India) Ltd

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

Man Industries (India) Ltd

₹ 362 -1.31%
13 Dec - 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

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]

Website BSE NSE
  • Market Cap ₹ 2,345 Cr.
  • Current Price ₹ 362
  • High / Low ₹ 514 / 239
  • Stock P/E 22.2
  • Book Value ₹ 225
  • Dividend Yield 0.55 %
  • ROCE 14.4 %
  • ROE 8.07 %
  • Face Value ₹ 5.00
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Pros

  • Company has reduced debt.
  • Debtor days have improved from 71.6 to 41.2 days.

Cons

  • The company has delivered a poor sales growth of 7.18% over past five years.
  • Company has a low return on equity of 8.18% over last 3 years.
  • Promoters have pledged 27.2% of their holding.
  • Dividend payout has been low at 4.11% 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

Part of BSE Industrials BSE Allcap BSE SmallCap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
490 631 614 510 465 658 598 490 1,018 833 811 749 806
448 572 573 488 450 599 557 444 948 768 752 711 742
Operating Profit 42 59 41 22 15 59 41 47 70 65 58 38 64
OPM % 9% 9% 7% 4% 3% 9% 7% 10% 7% 8% 7% 5% 8%
11 4 16 12 2 14 11 4 21 14 14 20 11
Interest 8 11 10 9 9 12 6 21 22 20 25 18 21
Depreciation 11 12 12 12 11 11 11 15 15 16 15 13 11
Profit before tax 34 41 35 14 -3 49 34 14 54 43 32 28 43
Tax % 27% 23% 25% 29% 63% 25% 12% 22% 28% 29% 26% 31% 26%
24 31 27 10 -5 37 30 11 39 31 24 19 32
EPS in Rs 4.29 5.49 4.48 1.64 -0.85 6.19 4.96 1.87 6.50 5.09 3.73 2.94 4.92
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,514 1,005 1,364 1,392 1,060 1,608 2,222 1,759 2,080 2,139 2,231 3,142 3,199
1,322 950 1,250 1,272 1,012 1,483 2,044 1,591 1,875 1,958 2,094 2,901 2,974
Operating Profit 192 55 114 120 48 125 178 168 205 181 137 241 225
OPM % 13% 5% 8% 9% 5% 8% 8% 10% 10% 8% 6% 8% 7%
-4 31 35 67 72 53 21 14 31 37 39 52 60
Interest 44 42 46 56 36 43 64 64 53 37 41 88 84
Depreciation 40 32 43 37 40 39 46 52 46 45 46 61 54
Profit before tax 104 12 60 93 44 95 88 65 137 135 89 144 146
Tax % 40% 27% 17% 7% 24% 33% 33% 15% 26% 25% 25% 27%
62 9 50 86 34 64 59 56 101 102 67 105 106
EPS in Rs 10.41 1.58 8.82 15.14 5.88 11.15 10.30 9.72 17.66 17.16 11.15 16.24 16.68
Dividend Payout % 19% 63% 17% 10% 26% 13% 15% 10% 11% 0% 0% 12%
Compounded Sales Growth
10 Years: 12%
5 Years: 7%
3 Years: 15%
TTM: 16%
Compounded Profit Growth
10 Years: 28%
5 Years: 12%
3 Years: 1%
TTM: -10%
Stock Price CAGR
10 Years: 21%
5 Years: 59%
3 Years: 56%
1 Year: 31%
Return on Equity
10 Years: 9%
5 Years: 9%
3 Years: 8%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 30 29 29 29 29 29 29 29 29 30 30 32 32
Reserves 625 632 454 538 570 624 673 718 806 913 1,102 1,372 1,427
536 438 495 353 447 368 244 294 296 57 301 326 216
399 474 522 323 311 678 648 787 655 821 427 684 1,383
Total Liabilities 1,590 1,573 1,499 1,243 1,356 1,698 1,594 1,827 1,786 1,820 1,860 2,415 3,059
428 405 416 349 346 355 396 368 337 318 553 605 606
CWIP 3 2 3 19 5 63 3 4 1 20 14 31 33
Investments 15 20 3 104 104 103 102 102 103 102 0 228 105
1,144 1,147 1,077 771 902 1,176 1,093 1,353 1,345 1,379 1,293 1,552 2,315
Total Assets 1,590 1,573 1,499 1,243 1,356 1,698 1,594 1,827 1,786 1,820 1,860 2,415 3,059

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-443 247 64 205 -75 132 137 214 -60 451 -120 257
194 -29 -61 2 21 -105 0 -46 4 -119 -135 -264
310 -208 -35 -188 41 -115 -138 -37 -63 -267 211 158
Net Cash Flow 61 10 -31 19 -13 -88 -1 131 -119 65 -45 152

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 80 109 130 70 117 87 91 93 115 93 81 41
Inventory Days 155 52 92 44 49 126 47 110 85 73 84 98
Days Payable 80 162 135 75 94 174 121 162 133 174 70 76
Cash Conversion Cycle 156 -1 87 39 71 39 17 41 67 -8 95 63
Working Capital Days 117 167 94 54 124 64 42 34 84 32 96 53
ROCE % 17% 5% 10% 16% 8% 14% 16% 13% 17% 16% 10% 14%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
42.62% 44.70% 45.69% 45.68% 45.68% 45.68% 45.68% 49.61% 49.61% 46.15% 46.12% 46.12%
1.93% 1.84% 1.73% 1.83% 1.65% 1.60% 2.22% 1.61% 2.14% 1.64% 1.84% 2.52%
0.20% 0.19% 0.19% 0.19% 0.19% 0.23% 0.04% 0.04% 0.64% 3.31% 3.31% 3.27%
55.25% 53.27% 52.39% 52.28% 52.47% 52.48% 52.05% 48.72% 47.60% 48.90% 48.72% 48.08%
No. of Shareholders 40,93740,64341,97039,46638,74037,54931,53934,33035,19344,20646,29553,582

* 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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