The shares of this leading Large Diameter Pipe manufacturer surged over 6 percent on Thursday after the company announced that it had secured an export order worth Rs 1,150 crore. In this article, we will dive into the details of it.
With a market capitalization of Rs 2,573 crores, the shares of Man Industries (India) Ltd are currently trading at Rs 398 per share, down by 22.41 percent from its 52-week high of Rs 513 per share. Over the past five years, the stock has delivered a robust return of 779 percent.
The company, through a stock exchange filing announced that it has secured an export order worth Rs 1,150 crores from an international client. The scope of the work includes the supply of various types of pipes, and the project shall be executed within the next 6-12 months. As of 5 June 2025, the company has a robust order book of Rs 3,500 crores, which is more than its market capitalization itself.
Commenting on this achievement, Mr. Nikhil Mansukhani, Managing Director of MAN Industries (India) Limited, said: “The start of the year is proving exceptionally strong for MAN Industries, highlighted by the multiple orders totalling approx. Rs. 3500 Crores.
These are testimonials to our steadfast focus on delivering product excellence and timely deliveries. We expect this momentum to continue during the year, such projects are also a testament to the prowess of MAN Industries and our cutting-edge technological capabilities.”
Financial Highlights
The company reported a revenue of Rs 3,505 crores in FY25, up by 11.55 percent from its FY24 revenue of Rs 3,142 crores. Additionally, it reported a net profit growth of 45.71 percent to Rs 153 crores in FY25 from Rs 105 crores in FY24.
The stock delivered an ROE and ROCE of 10.17 percent and 16.15 percent respectively, and is currently trading at a P/E of 16.78x as compared to its industry average of 23.04x.
MAN Industries (India) Ltd., the flagship company of the MAN Group, founded by the Mansukhani family, is a significant manufacturer and exporter of carbon steel pipes (LSAW, HSAW, ERW) in large diameters. The company was established in 1988 as an aluminum extruder and is currently serving the oil & gas, petrochemical, water, fertilizer, and CGD sectors.
Written by Satyajeet Mukherjee
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