MANINDS · NSE
Man Industries (India) Limited
₹851.55
+3.47% (+₹28.55)
Prev. close
₹823
Volume
11,65,509
Delivery %
37.3%
As of
18 Sept 2026
Price history
Analyst sentiment
Analysts lean bullish
1 analyst stance · last 90 days · one per analyst
Trackable
1 · 1 bull / 0 neutral / 0 bear
Long-Horizon
none in window
Commentary
none in window
Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded
Analyst opinions
| Call | Analyst | Instrument | Verdict | Actions |
|---|---|---|---|---|
| “Bullish on Man Industries (India) for intraday trading; recommends buying at ₹599.45 with a target of ₹630 and a stop lo…” | Vaishali ParekhPrabhudas Lilladher | Man Industries (India) | NOT GRADED |
Fundamentals
About Man Industries (India) Limited
Man Industries (India) Limited manufactures, processes, sells, and trades in submerged arc-welded pipes and steel products in India. The company offers longitudinal submerged arc-welded (LSAW) and helically submerged arc-welded (HSAW) line pipes, external coatings and internal linings, electro resistance-welded (ERW) pipes, and hot induction bends (HIB) pipes. It serves customers in the oil, gas, petrochemicals, water dredging, and fertilizer industries. The company exports its products. Man Industries (India) Limited was incorporated in 1988 and is based in Mumbai, India.
Details
Sector
Basic Materials
Industry
Steel
CEO
Mr. Ramesh Chandra Mansukhani
Headquarters
Mumbai
Employees
825
Website
mangroup.comExchange
View on NSE ↗Key stats
Market cap
₹6,387.44 Cr
P/E ratio (TTM)
31.4
EPS (TTM)
₹27.16
Beta (1Y · daily vs NIFTY 50)
2.05
Beta (5Y · monthly vs NIFTY 50)
2.25
Shares float
3.16 Cr
EPS · quarter ended Jun 2026
₹8.06
Financial Performance
01 · Financials
Revenue for Mar 2021–Mar 2022 is as filed with BSE (consolidated), and the first plotted growth figure is computed against Mar 2020 revenue as filed with BSE; the two sources' revenue definitions differ by 0.7% on Mar 2023. FY21 growth needs FY20 filings, which the data source doesn't provide.
02 · Earnings Per Share (EPS)
03 · Dividend Profile
Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: NSE corporate actions.
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based
05 · Capital Structure & Asset Utilization
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
07 · Debt Level & Coverage
08 · Profit & Loss
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹2,080.20 Cr | ₹2,138.63 Cr | ₹2,231.34 Cr | ₹3,142.18 Cr | ₹3,505.35 Cr | ₹3,563.90 Cr | |
| EBITDA | ₹235.81 Cr | ₹217.67 Cr | ₹160.41 Cr | ₹263.49 Cr | ₹322.97 Cr | ₹412.01 Cr |
| ₹100.85 Cr | ₹101.58 Cr | ₹67.04 Cr | ₹105.14 Cr | ₹153.17 Cr | ₹170.48 Cr | |
| Diluted EPS | ₹16.78 | ₹17.52 | ₹11.17 | ₹16.73 | ₹22.78 | ₹23.26 |
09 · Balance Sheet
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹1,786.00 Cr | ₹1,820.00 Cr | ₹1,860.00 Cr | ₹2,415.00 Cr | ₹3,779.00 Cr | ₹5,021.00 Cr | |
| — | — | ₹300.64 Cr | ₹325.92 Cr | ₹476.22 Cr | ₹627.98 Cr | |
| Stockholders' equity | ₹835.00 Cr | ₹943.00 Cr | ₹1,132.00 Cr | ₹1,404.00 Cr | ₹1,607.00 Cr | ₹2,087.00 Cr |
Current assets, Trade receivables, Cash & equivalents, Non-current assets, CWIP, Others, Total debt, Long-term debt, Current (short-term) debt have filed figures for only some of the years shown — the missing years are left blank rather than estimated.
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹-59.90 Cr | ₹450.94 Cr | ₹-120.30 Cr | ₹344.91 Cr | ₹73.09 Cr | ₹472.23 Cr | |
| Investing cash flow | ₹4.26 Cr | ₹-119.06 Cr | ₹-135.49 Cr | ₹-279.31 Cr | ₹-111.30 Cr | ₹-593.93 Cr |
| ₹-63.10 Cr | ₹-267.22 Cr | ₹209.18 Cr | ₹86.03 Cr | ₹24.52 Cr | ₹135.99 Cr | |
| Capital expenditure | ₹-12.19 Cr | ₹-45.68 Cr | ₹-207.22 Cr | ₹-116.87 Cr | ₹-154.32 Cr | ₹-340.27 Cr |
| End cash position | ₹17.29 Cr | ₹81.95 Cr | ₹36.97 Cr | ₹188.60 Cr | ₹174.91 Cr | ₹189.20 Cr |
Debt issued, Debt repaid have filed figures for only some of the years shown — the missing years are left blank rather than estimated.
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | Mar 20 | Jun 20–Sep 20(2Q) | Dec 20–Dec 21(5Q) | Mar 22 | Jun 22–Jun 23(5Q) | Sep 23–Dec 23(2Q) | Mar 24 | Mar 24–Dec 24(4Q) | Mar 25 | May 25–Jun 25(2Q) | Jul 25–Jun 26(5Q) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 42.26% | 42.43% | 42.62% | 44.70% | 45.69% | 49.62% | 46.10% | 46.15% | 46.21% | 48.21% | 43.21% |
| Public | 57.74% | 57.57% | 57.38% | 55.30% | 54.31% | 50.38% | 53.90% | 53.85% | 53.79% | 51.79% | 56.79% |
| Employee trusts | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Basic Materials
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| UltraTech Cement Limited | ₹3.17 L Cr | ₹11,014 | 36.9 | 4.13 | 10.7% | 0.31 | +16.6% | -12.8% |
| JSW Steel Limited | ₹3.06 L Cr | ₹1,275.6 | 12.4 | 3.06 | 22.3% | 1.19 | +9.3% | +13.8% |
| Hindustan Zinc Limited | ₹2.42 L Cr | ₹596 | 14.2 | 10.69 | 61.1% | 0.39 | +18.6% | +31.0% |
| Asian Paints Limited | ₹2.35 L Cr | ₹2,451.3 | 49.3 | 11.01 | 20.2% | 0.18 | +5.1% | -1.1% |
| Tata Steel Limited | ₹2.28 L Cr | ₹187.29 | 20.7 | 2.23 | 10.6% | 0.90 | +6.2% | +9.3% |
| Hindalco Industries Limited | ₹2.18 L Cr | ₹986.5 | 13.3 | 1.59 | 9.8% | 0.73 | +15.0% | +31.5% |
| Grasim Industries Limited | ₹2.15 L Cr | ₹3,209.2 | 37.9 | 2.08 | 4.8% | 2.20 | +18.2% | +11.5% |
| Solar Industries India Limited | ₹1.71 L Cr | ₹18,815 | 86.1 | 27.25 | 26.7% | 0.29 | +30.6% | +27.0% |
| Vedanta Aluminium Metal Limited | ₹1.60 L Cr | ₹416.5 | 42.1 | — | — | — | — | — |
| Pidilite Industries Limited | ₹1.58 L Cr | ₹1,572.1 | 59.8 | 14.58 | 22.6% | 0.04 | +11.1% | -48.5% |
| JINDAL STEEL LIMITED | ₹1.11 L Cr | ₹1,103 | 41.1 | 2.19 | 6.6% | 0.44 | +5.5% | +4.7% |
| Man Industries (India) Limited | ₹5,928.01 Cr | ₹823 | 29.1 | 2.84 | 8.2% | 0.30 | +1.1% | +93.3% |
Ranked by market cap within Basic Materials, same metrics as the Fundamentals screener. Click a column to sort.
Documents
Annual reports
Show all 30
Concall transcripts
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
2 indices
Weight is BSE’s own published index weight. Indices without weight data are listed without one, in alphabetical order after the weighted ones.