The shares of Man Industries Ltd shot up by 4% and currently trades at ₹117.35 reaching a 52-week high of ₹118.70 on Wednesday. One of the probable reasons for today’s record-high stock prices is the company received a new order worth ₹ 500 crores, That makes the total order book of the Company stand at approximately Rs.2300 Crores for FY23-24.
On a last year-to-date basis, the stock gained 47.43 percent ranging from ₹ 79.70 to the current price level. In the previous three years, the stock has gained around 209.70 percent ranging from ₹ 38.10 to the current price level.
Man Industries Ltd incorporated in 1988, is engaged in manufacturing LSAW Line Pipes, Hsaw Line Pipes, and Aluminium Extruded Products.
The company is set to release its Q4 in the upcoming weeks, Having a quick walkthrough of the financials of the previous quarter, their operating revenues increased 41.5 percent from ₹ 465 crores in Q2 to ₹ 658 crores in Q3. Similarly, for YOY comparison the revenues slightly increased from ₹ 2,080 crores during FY 20-21 to ₹ 2,138 crores in FY 21-22.
The net profits have increased 840 percent from a loss of ₹5 crores in Q2 to a profit of ₹ 37 crores in Q3. Similarly, for YOY comparison the net profit has increased from ₹100 crores during FY 20-21 to ₹ 101 crores in FY 21-22.
The fundamental profitability ratios exhibit operational efficiencies such as return on equity (ROE) and return on capital employed (ROCE). ROE declined from 12.07 percent during FY 20-21 to 10.78 percent in FY 21-22 and ROCE, keeping the time frame the same, declined from 21.63 percent to 17.63 percent The company has a market capitalization of ₹ 708 Cr and the debt-to-equity ratio stood at 0.05 for FY22.
According to the latest data pertaining to the shareholding pattern, the promoters hold a 45.68 percent stake, and the public has a 52.48 percent stake in the company for FY 22-23.
Written by Omkar C
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