The shares of this iron and steel manufacturer gained up to 5.6 percent to hit a 52-week high price of Rs 254 after the company received an order of Rs 380 crores from international customers.
Man Industries Ltd. is a small-cap company with a market capitalization of Rs 1,520 crore, On Monday, the shares are trading at Rs 247.35, an increase of 5.38 percent from the previous close price of Rs 234.40.
According to the company’s filing, Man Industries Ltd. received an order of approximately Rs 380 crore from international customers for the supply of various types of pipes.
In addition to the above-mentioned order, Man Industries Ltd. received a total unexecuted order book as of today stands at approximately Rs.1,400 Crores to be executed within 6 months.
Looking at the company’s financials, the company’s revenue increased 4.34 percent from Rs. 2,138.63 crores in FY2021-22 to Rs. 2,231.34 crores in FY2022-23. Further, During the same period, net profit decreased from Rs 101.58 crores to Rs 68 crores.
Man Industries Ltd stock gave a 125.98 percent return in six months and a 165.16 percent return in a year. A shareholder investment of Rs 1 lakh in the company would be worth Rs 2.65 Lakhs in a year.
As per the recent shareholding pattern, the company’s promoters own 59.62 percent, retail shareholders own a 48.73 percent stake, and foreign institutional investors own a 1.61 percent stake in the company.
Man Industries Ltd. is one of the largest Manufacturers and Exporters of large-diameter pipes with 3 Decades of presence in Pipe in India.
Written by:- Abhishek Singh
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