Synopsis:
MAN Industries (India) secures a Rs. 1,700 crore export order for coated pipes, raising its unexecuted order book to Rs. 4,700 crore, reflecting strong demand and customer confidence in its capabilities.
During Wednesday’s trading session, shares of one of the largest manufacturers and exporters of large diameter carbon steel line pipes in India surged around 11 percent on BSE, after securing an export order worth Rs. 1,700 crores.
At 10:26 a.m., the shares of MAN Industries (India) Limited were trading in the green at Rs. 425.2 on BSE, up by around 9.5 percent, as against its previous closing price of Rs. 388.5, with a market cap of Rs. 2,859 crores. The stock has delivered positive returns of around 6 percent in the last one year, but has fallen by over 6 percent in the last one month.
What’s the News
As per the latest regulatory filings with the stock exchanges, MAN Industries (India) Limited has received a new export order for around Rs. 1,700 crores from an undisclosed International customer for the supply of various types of coated pipes, bringing the company’s total unexecuted order book to around Rs. 4,700 crores.
This order is scheduled for execution over the next 6 to 12 months, and underscores the robust demand environment and reaffirms the confidence of global customers in the company’s technological expertise and execution capabilities.
Financials and more
Man Industries reported a marginal decline in its revenue from operations, showing a year-on-year decrease of around 1 percent from Rs. 749 crores in Q1 FY25 to Rs. 742 crores in Q1 FY26. In contrast, its net profit increased during the same period from Rs. 19 crores to Rs. 28 crores, representing a rise of about 47 percent YoY.
The company reaffirmed its FY26 revenue growth guidance of around 20 percent, driven by strong momentum anticipated in H2 FY26. This outlook is supported by a robust production schedule for H2 FY26 and consistent order inflows, which are expected to substantially improve capacity utilisation.
With strategic capacity expansions, most notably the upcoming greenfield projects in Saudi Arabia and Jammu, the company is well-positioned to reinforce its presence in high-growth markets such as the Middle East and deliver sustained value to stakeholders.
Establishing a new manufacturing facility in Dammam, Saudi Arabia, with a total capex of ~Rs. 1,200 crore, aimed at boosting capabilities, expanding global presence, and capturing high-growth opportunities in international markets. As of the July 2025 shareholding data available with the BSE, the ace investor Ashish Kacholia holds a 1.82 percent stake in the company.
Man Industries (India) Limited is engaged in the business of manufacturing, processing and trading of submerged arc welded pipes & steel products. It is one of the largest manufacturers and exporters of large diameter carbon steel line pipes in India, with world-class capabilities in LSAW (Longitudinal Submerged Arc Welded), HSAW (Helical Submerged Arc Welded), and ERW (Electric Resistance Welded) pipe technologies, and advanced pipe coating solutions.
The company supplies critical infrastructure to high-pressure transmission systems for oil & gas, petrochemicals, water, fertilisers, dredging, hydrocarbon, and city gas distribution (CGD) sectors across India and global markets.
It operates two state-of-the-art manufacturing facilities – one in Pithampur (Madhya Pradesh), and the other in Anjar (Gujarat), with a combined installed capacity of over 1.18 million tonnes per annum (MTPA).
Written by Shivani Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
