Synopsis:
Man Industries is in focus as after leading ace investor, Ashish Kacholia, has increased its stake in the company by 1.22 percent, taking its overall holding from 1.82 percent to 3.04 percent.
The shares of one of the largest Manufacturers and Exporters of LSAW and HSAW pipes in India are in focus after Ashish Kacholia raised his stake in the company. In this article, we will dive more into the details.
With a market capitalization of Rs 3,000 crore, the shares of Man Industries (India) Ltd made a day high of Rs 407.95 per share, up by 3 percent from its previous day’s closing price of Rs 397.75 per share. Over the past five years, the stock has delivered a robust return of 448 percent, outperforming NIFTY 50’s return of 117 percent.
About the Announcement
Man Industries, through a stock exchange filing, announced that Ashish Kacholia substantially increased his equity stake in the company between July 2025 and September 2025. In July 2025, he was the owner of 13.62 lakh shares, representing 1.82 percent of the total shareholding. As of September 2025, his stake was 22.77 lakh shares, or approximately 3.04 percent of the total shares.
In effect, Ashish Kacholia bought an additional 9.14 lakh shares during this time interval, thus his ownership in the company was almost doubled. Such a sizeable increase in the stake reflects more and more trust in the firm’s future and hence, he becomes one of the prominent public shareholders in Man Industries.
Also read: Coal India and 3 other stocks with bullish MACD crossover to keep on your radar
Financial Highlights
The company’s revenue for Q1 FY26 came in at Rs 742 crore, registering a 1 percent decline from Rs 749 crore in the same quarter last year. Coming to its profitability, the company reported a net profit growth of 47 percent to Rs 28 crore in Q1 FY26 as compared to Rs 19 crore in Q1 FY25.
Despite flat revenue growth, net profitability increased significantly, mainly because of lower expenses. As in Q1 FY25, Rs 711 crore was spent to earn Rs 749 crore of revenue, and in Q1 FY26, Rs 693 crore was spent to earn Rs 742 crore.
As of Q1 FY26, the company has a robust order book of Rs 3,200 crore for delivery over the next 6–12 months, and around Rs 15,000 crore is in the bid pipeline, providing healthy revenue visibility.
The stock has delivered an ROE and ROCE of 10.01 percent and 15.98 percent respectively, and is currently trading at a P/E of 18.54x as compared to its industry P/E of 22.71x.
Man Industries (India) Ltd., part of the MAN Group, is one of the top Indian companies that produces heavy-gauge carbon steel pipes of large diameters. The pipes are utilised primarily in the areas of oil, gas, and infrastructure industries. The company has a total installed capacity of over 1.18 million MTPA and has a strong clientele network, including Reliance Industries, Gail, BHEL, etc.
The company was established in 1988 and is now a provider of products and services not only to clients in India but also to those overseas. It is equipped with state-of-the-art production plants, and it provides a wide variety of pipes with high-tech coatings, which comply with global standards.
Written by Satyajeet Mukherjee
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.
