MANINDS

Man Industries (India) Ltd.

NSE: MANINDS

BSE: 513269

Sector: Capital Goods

Industry Group: Industrial Products

Industry: Iron & Steel Products

715.40+38.5 (+5.69%)

21 Aug, 12:00 AM

Overview

Analysis Statements Technicals Forecast Peers Resources News

Stock Scores

Quality Score

61.8 / 100

Value Score

57.4 / 100

Price Momentum Score

96.3 / 100

QVM Score

91.4 / 100

Key Metrics

Market Cap

4809.99

P/E (TTM)

23.54

P/B

2.31

P/S (TTM)

1.24

EV/EBITDA

8.82

CAPE (5Y)

37.04

ROE (TTM)

9.23

ROCE (TTM)

15.02

ROA (TTM)

3.87

Avg 3Y ROE

9.38

Earnings 3Y CAGR

32.97

Sales 3Y CAGR

20.56

Sales 5Y CAGR

13.19

Debt/Equity

0.30

Consensus TP

450.00

Strong Buy %

Promoter Holding

43.21

Pledged %

20.05

Stock Analysis

Fundamental analysis overview of Man Industries (India) Ltd. covering key investment insights, growth drivers, risk factors, and potential red flags.

Views

Red Flags

Positive

Strong price momentum

Price Momentum score of 96.3 indicates that the stock has strong price momentum. Research has shown that stocks with higher momentum continue to outperform in the near term

What is Price Momentum score?

96.3 / 100

Moderate operating margin but improving trend

The company reported moderate operating margin of 11.24% for 12-month ended 30 Jun 2026 but operating margin improved by 358 bps from 1 year ago

What is Operating profit margin?

Low Debt to Equity, not much change from last year

The company has low Debt to Equity of 0.3 as on 30 Jun 2026 and Debt to Equity remained same in the last 1 year

What is Debt to Equity?

Company is net cash

The company is net cash i.e., cash and cash equivalents exceed total debt indicating a healthy balance sheet

What is Net Debt ?

Negative

Low but stable ROE

The company reported low ROE of 9.23% for 12-month ended 30 Jun 2026 and ROE declined marginally by -93 bps from 1 year ago

What is ROE (FY)?

Low dividend yield

The company has a low dividend yield of 0.0%

What is Dividend yield?

Neutral

Reasonably valued but PE TTM is at a premium to industry median P/E

PE TTM of 23.54 indicates that the stock is reasonably valued on a standalone basis but is at a 25.68% premium to industry median P/E

What is P/E Ratio?

Median: 18.73

Value 23.54

-129.8715027.7

Moderate revenue growth and in line with median growth of industry

The company delivered moderate revenue growth of 10.75% for 12-month ended 30 Jun 2026 and the growth was 1.25 percentage points higher than median growth of industry

What is Sales growth (1Y)?

Median: 9.5

Value 10.75

-99.993709.6

Moderate EPS growth and in line with median growth of industry

The company delivered moderate EPS growth of 13.79% for 12-month ended 30 Jun 2026 and the growth was 0.53 percentage points lower than median growth of industry

What is EPS growth (1Y)?

Company's earnings are of moderate quality

Earnings quality score of 64.0 indicates that the company's earnings are of moderate quality. Earnings quality is measured using combination of earnings persistence, probability of manipulation and earnings to cash conversion

What is Earnings quality score?

64.0 / 100

Financial Snapshot

See detailed analysis

Multi-year trends for Man Industries (India) Ltd. covering revenue, net profit, ROE, and EBITDA for a quick view of financial health over time.

Net Revenue FY

Profit After Tax FY

ROE FY

EBITDA FY

Man Industries (India) Ltd. Shareholding Pattern

Quarterly breakdown of Man Industries (India) Ltd. ownership including promoter, FII, DII, mutual fund, and public holdings as disclosed to NSE/BSE.

	Mar 2020	Jun 2020	Sep 2020	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	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Total Promoter	42.26	42.37	42.37	42.57	42.57	42.57	42.62	42.62	44.70	45.69	45.69	45.69	45.69	45.69	49.62	49.62	46.15	46.12	46.15	46.15	46.21	48.21	43.21	43.21	43.21	43.21
Indian Promoter	42.26	42.37	42.37	42.57	42.57	42.57	42.62	42.62	44.70	45.69	45.69	45.69	45.69	45.69	49.62	49.62	46.15	46.12	46.15	46.15	46.21	48.21	43.21	43.21	43.21	43.21
Foreign Promoter	-	-	-	-	-	-	-	-	-	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Institutions	5.85	5.49	4.50	4.46	5.75	4.59	1.88	2.13	2.03	1.92	2.02	1.84	1.83	2.26	1.65	2.79	4.94	5.14	5.80	4.80	4.36	3.07	4.01	4.62	3.75	4.30
Mutual Funds / UTI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-	-	-	-	1.26	1.26	1.26	0.42	-	-	-	-	-	-
FI/Bank/Insurance	0.50	0.48	0.21	0.21	0.21	0.20	0.20	0.20	0.19	0.19	0.19	0.19	0.19	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.03	0.03	0.03	0.03
Govt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FII	5.36	5.01	4.29	4.25	5.54	4.39	1.69	1.93	1.84	1.73	1.83	1.65	1.60	2.22	1.61	2.14	1.64	1.83	2.52	2.16	3.33	2.19	2.32	3.35	2.41	2.87
Other Institutions	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.04	0.00	0.00	0.60	2.01	2.01	1.97	2.18	0.99	0.84	1.65	1.23	1.31	1.40
Non-Institution	51.88	52.14	53.13	52.97	51.69	52.84	55.49	55.25	53.27	52.39	52.29	52.48	52.48	52.05	48.73	47.60	48.90	48.73	48.05	49.05	49.43	48.73	52.78	52.17	53.04	52.49
Bodies Corporate	6.58	6.75	4.28	3.78	4.18	4.08	4.13	3.64	3.63	2.93	2.90	2.88	2.87	2.83	3.36	2.84	3.32	3.66	2.46	2.83	4.01	3.81	6.91	7.40	7.55	6.90
Others (incl. Retail) No. of shareholders	45.30 25,480	45.39 27,037	48.85 36,446	49.19 35,630	47.51 35,176	48.76 32,644	51.36 41,173	51.61 40,699	49.64 40,415	49.46 41,748	49.39 39,246	49.60 38,532	49.61 37,337	49.22 31,324	45.37 34,113	44.76 34,915	45.58 43,850	45.07 45,905	45.59 53,197	46.22 56,567	45.42 55,980	44.92 58,858	45.87 54,034	44.77 51,369	45.49 50,507	45.59 48,720

Holdings and Presence

Indices and prominent investors with a stake in this stock.

Index Presence

#	Index	Weight	Rank
1	SHI: Iron & Steel Products	1.8%	16 / 20

Prominent Investor Holdings

Bulk, Block and Insider Trades

Recent bulk deals, block deals, and insider trading activity in Man Industries (India) Ltd. shares as reported to NSE and BSE.

Name	Month	Transaction	Holding % pre transaction	Average price	Qty.	Transaction value
Man Finance Private Limited Promoter Group	June-2025	Conversion of security (Acquisition) 3rd Jun 2025	9.99 %	₹ 183.50	25.00 lac	₹ 45.88 cr
Man Finance Private Limited Promoter Group	June-2025	Conversion of security (Acquisition) 3rd Jun 2025	9.99 %	₹ 183.50	25.00 lac	₹ 45.88 cr
Man Finance Private Limited Promoter Group	March-2025	Market Purchase (Acquisition) 10th Mar 2025	9.97 %	₹ 268.78	9.37 k	₹ 25.17 lac
Man Finance Private Limited Promoter Group	March-2025	Market Purchase (Acquisition) 5th Mar 2025	9.96 %	₹ 217.96	9.18 k	₹ 20.00 lac
Man Finance Private Limited Promoter Group	March-2025	Market Purchase (Acquisition) 4th Mar 2025	9.93 %	₹ 207.36	20.00 k	₹ 41.47 lac
Man Finance Private Limited Promoter Group	March-2024	Market Purchase (Acquisition) 15th Mar 2024	10.67 %	₹ 382.70	15.00 k	₹ 57.41 lac
Man Finance Private Limited Promoter Group	March-2024	Market Purchase (Acquisition) 15th Mar 2024	10.70 %	₹ 356.19	2.00 k	₹ 7.12 lac
Man Finance Private Limited Promoter Group	March-2024	Market Purchase (Acquisition) 13th Mar 2024	10.61 %	₹ 375.86	20.22 k	₹ 76.01 lac
Man Finance Private Limited Promoter Group	March-2024	Market Purchase (Acquisition) 13th Mar 2024	10.65 %	₹ 388.78	15.00 k	₹ 58.32 lac
Man Finance Private Limited Promoter Group	May-2022	Market Purchase (Acquisition) 13th May 2022	10.45 %	₹ 73.15	1.00 lac	₹ 73.15 lac

Corporate Actions

History of Man Industries (India) Ltd. dividends, bonus issues, stock splits, rights issues, and other corporate events.

Dividend₹ 2/share
Record date: 16th Aug 2023Ex-date: 14th Aug 2023
Announced on: 26th Jul 2023
Dividend₹ 2/share
Record date: 29th Apr 2022Ex-date: 28th Apr 2022
Announced on: 13th Apr 2022
Dividend₹ 2/share
Record date: 4th Nov 2020Ex-date: 3rd Nov 2020
Announced on: 20th Oct 2020
Others
Ex-date: 24th Sep 2020Announced on: 18th Aug 2015
Demerger between MAN Industries Limited and Man Infraprojects Limited.The Demerged company shall pay each share holder 1 equity share of the Resulting company f…
Dividend₹ 1/share
Record date: 21st Mar 2020Ex-date: 19th Mar 2020
Announced on: 6th Mar 2020

Company Profile

Overview of Man Industries (India) Ltd. covering business description, industry classification, key management, financial ratios, and listed exchange details.

Man Industries (India) Limited is an India-based company, which is engaged in the business of manufacturing, processing, and trading of submerged arc welded steel pipes and steel products. It specializes in the manufacturing and coating of large-diameter carbon steel pipes, alongside ventures in inf...

Key personnel

Mr. Sandeep Kumar

Chief Financial Officer

Shri. Rahul Rawat

Compliance Officer, Company Secretary

Mr. Lavin Mansukhani

Vice President - Marketing and Business Development (International)

Mr. Gurinder Sethi

Vice President - Marketing and Business Development

Mr. Durgesh Chokade

Vice President - Anjar Plant

Mr. Jignesh Shah

Vice President - Projects

Mr. Munish Jindal

President - Projects

Mr. Ramesh C. MansukhaniD

Executive Chairman of the Board

View all

Incorporated on

19 May 1988

Last Annual

31 Mar 2026

Last Interim

30 Jun 2026

No. of Employees

IPO date

16 May 1995

Free Float

3,20,33,067

Website

https://mangroup.com/

Phone no.

+912266477500

Address

Man House, 101, S.V. Road, Vile Parle (W), MUMBAI, 400056, India

Frequently Asked Questions

What is the current share price of Man Industries (India) Ltd.?

The current share price of Man Industries (India) Ltd. is ₹ 715.40 as of 21 Aug 2026.

What is the market capitalisation of Man Industries (India) Ltd.?

The market capitalisation of Man Industries (India) Ltd. stands at ₹ 4,809.99 Cr.

What is the PE ratio of Man Industries (India) Ltd.?

The Price-to-Earnings (PE) ratio of Man Industries (India) Ltd. is 23.54 as of the latest trailing twelve months data.

What is the ROE and ROCE of Man Industries (India) Ltd.?

Man Industries (India) Ltd. has a Return on Equity (ROE) of 9.23% and a Return on Capital Employed (ROCE) of 15.02% as per the latest financial reports.

What is the 52-week high and low of Man Industries (India) Ltd.?

The 52-week high of Man Industries (India) Ltd. is - and the 52-week low is -.

What is the dividend yield of Man Industries (India) Ltd.?

The dividend yield of Man Industries (India) Ltd. is 0.00% based on the current market price.

What is the FII and DII holding in Man Industries (India) Ltd.?

Foreign Institutional Investors (FII) hold 2.87%, Domestic Institutional Investors (DII) hold 0.03% and retail/public investors hold 45.59% of Man Industries (India) Ltd. shares.

What sector does Man Industries (India) Ltd. belong to?

Man Industries (India) Ltd. operates in the Capital Goods sector.

What is the beta of Man Industries (India) Ltd.?

The beta of Man Industries (India) Ltd. is 1.83, indicating its price volatility relative to the broader market. Over the past 1 year, Man Industries (India) Ltd. has delivered an absolute return of 78.63%.

What is the RSI of Man Industries (India) Ltd.?

The 14-day Relative Strength Index (RSI) of Man Industries (India) Ltd. is 80.10, placing it in the overbought zone. An RSI above 70 is considered overbought and below 30 is considered oversold.

Man Industries (India) Ltd.

Stock Scores

Key Metrics

Share Price

Stock Analysis

Financial Snapshot

Man Industries (India) Ltd. Shareholding Pattern

Holdings and Presence

Bulk, Block and Insider Trades

Corporate Actions

Company Profile

Frequently Asked Questions

Stock Analysis

Holdings and Presence

Corporate Actions

Company Profile