Man Industries (India) Share Price

545.9536.91 (7.25%)

Closed
As On: 12 Jun, 2026, 04:06 PM IST
As On: 12 Jun, 2026, 03:58 PM IST

Sector: Metals - Ferrou...
Industry: Steel - Tubes/Pipe...

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Open	515.95
High	547.45
Low	515.95
Prev Close	509.05
Volume	6,05,722
VWAP(₹)	534.56

Share Price	Value
Today/Current/Last	545.95546.45
Previous Day	509.05510.25

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News & Analysis

Man Industries strengthens India’s global footprint with ₹981 crore Saudi pipe company takeover
News
Rumour verification - Regulation 30(11)
Announcements
Clarification sought from Man Industries (India) Ltd
Announcements
Announcement under Regulation 30 (LODR)-Credit Rating
Announcements

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Share Analysis

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Financials

Income (P&L)

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025
Total Income	1,165.51	838.72	814.80	773.62	1,233.94
Total Income Growth (%)	38.96	2.94	5.32	-37.30	67.32
Total Expenses	1,040.27	724.24	735.16	705.59	1,107.82
Total Expenses Growth (%)	43.64	-1.49	4.19	-36.31	66.73
EBIT	125.24	114.48	79.64	68.03	126.12
EBIT Growth (%)	9.40	43.75	17.07	-46.06	72.70
Profit after Tax (PAT)	50.85	55.04	36.98	27.62	68.15
PAT Growth (%)	-7.61	48.84	33.89	-59.47	99.74
EBIT Margin (%)	10.75	13.65	9.77	8.79	10.22
Net Profit Margin (%)	4.36	6.56	4.54	3.57	5.52
Basic EPS (₹)	7.00	7.64	4.83	4.13	9.15

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025
Total Income	1,174.57	817.01	768.79	748.10	887.66
Total Income Growth (%)	43.76	6.27	2.77	-15.72	19.07
Total Expenses	1,024.82	697.47	691.00	679.48	796.07
Total Expenses Growth (%)	46.93	0.94	1.70	-14.65	18.94
EBIT	149.75	119.54	77.79	68.62	91.59
EBIT Growth (%)	25.27	53.67	13.36	-25.08	20.26
Profit after Tax (PAT)	70.21	60.90	35.60	29.13	40.33
PAT Growth (%)	15.29	71.07	22.21	-27.77	7.23
EBIT Margin (%)	12.75	14.63	10.12	9.17	10.32
Net Profit Margin (%)	5.98	7.45	4.63	3.89	4.54
Basic EPS (₹)	9.74	8.45	4.62	4.36	6.32

	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Total Revenue	3,592.49	3,557.17	3,194.23	2,270.90	2,175.72
Total Revenue Growth (%)	0.99	11.36	40.66	4.37	3.07
Total Expenses	3,355.55	3,348.82	3,049.93	2,180.52	2,040.75
Total Expenses Growth (%)	0.20	9.80	39.87	6.85	3.37
Profit after Tax (PAT)	170.48	153.17	105.14	68.00	101.58
PAT Growth (%)	11.30	45.68	54.62	-33.06	0.73
Operating Profit Margin (%)	10.91	8.78	7.38	5.88	8.05
Net Profit Margin (%)	4.78	4.36	3.34	3.04	4.74
Basic EPS (₹)	23.65	23.66	17.42	11.33	17.78

	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Total Revenue	3,508.32	3,204.25	3,146.31	2,132.67	2,131.26
Total Revenue Growth (%)	9.49	1.84	47.53	0.07	1.20
Total Expenses	3,245.24	3,018.75	2,997.73	2,043.02	1,996.65
Total Expenses Growth (%)	7.50	0.70	46.73	2.32	1.38
Profit after Tax (PAT)	195.85	137.12	109.74	67.27	101.23
PAT Growth (%)	42.83	24.95	63.14	-33.55	0.60
Operating Profit Margin (%)	12.07	9.12	7.65	6.24	8.20
Net Profit Margin (%)	5.66	4.39	3.56	3.21	4.83
Basic EPS (₹)	27.17	21.18	18.19	11.21	17.72

All figures in Rs Cr, unless mentioned otherwise

Insights

Employee & Interest Expense
Company has spent 4.27% of its operating revenues towards interest expenses and 2.58% towards employee cost in the year ending Mar 31, 2026. (Source: Consolidated Financials)

View Details

Balance Sheet

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Total Assets	5,020.61	3,779.15	2,415.16	1,727.88	1,819.90
Total Assets Growth (%)	32.85	56.48	39.78	-5.06	1.90
Total Liabilities	2,934.07	2,171.88	1,010.29	723.70	877.72
Total Liabilities Growth (%)	35.09	114.98	39.60	-17.55	-7.71
Total Equity	2,086.54	1,607.26	1,404.87	1,004.18	942.18
Total Equity Growth (%)	29.82	14.41	39.90	6.58	12.85
Current Ratio (x)	1.36	1.39	1.92	1.67	1.45
Total Debt to Equity (x)	0.24	0.28	0.22	0.29	0.05
Contingent Liabilities	0.00	1,264.25	531.39	502.76	609.75

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Total Assets	4,544.72	3,472.35	2,281.60	1,726.88	1,821.89
Total Assets Growth (%)	30.88	52.19	32.12	-5.21	1.74
Total Liabilities	2,622.68	2,053.52	1,003.61	724.08	881.74
Total Liabilities Growth (%)	27.72	104.61	38.60	-17.88	-7.95
Total Equity	1,922.04	1,418.83	1,278.00	1,002.80	940.15
Total Equity Growth (%)	35.47	11.02	27.44	6.66	12.87
Current Ratio (x)	1.33	1.34	1.71	1.66	1.42
Total Debt to Equity (x)	0.23	0.25	0.24	0.30	0.06
Contingent Liabilities	0.00	1,032.81	531.39	501.54	609.75

All figures in Rs Cr, unless mentioned otherwise

View Details

Cash Flows

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Net Cash flow from Operating Activities	472.23	67.99	257.46	-118.75	450.94
Net Cash used in Investing Activities	-593.93	-41.33	-263.69	-135.49	-119.06
Net Cash flow from Financing Activities	135.99	29.63	157.86	209.18	-267.22
Net Cash Flow	14.29	56.29	151.63	-45.05	64.65
Closing Cash & Cash Equivalent	189.20	244.88	188.60	36.89	81.95
Closing Cash & Cash Equivalent Growth (%)	-22.74	29.84	411.22	-54.98	373.91
Total Debt/ CFO (x)	1.06	6.71	1.20	-2.47	0.11

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Net Cash flow from Operating Activities	292.87	95.06	299.45	-111.89	438.15
Net Cash used in Investing Activities	-540.50	-23.56	-250.87	-126.06	-108.94
Net Cash flow from Financing Activities	183.01	-73.48	83.57	187.22	-267.06
Net Cash Flow	-64.62	-1.98	132.14	-50.74	62.15
Closing Cash & Cash Equivalent	78.80	158.58	160.55	28.41	79.15
Closing Cash & Cash Equivalent Growth (%)	-50.31	-1.23	465.04	-64.10	365.53
Total Debt/ CFO (x)	1.48	3.71	1.02	-2.66	0.13

All figures in Rs Cr, unless mentioned otherwise

Insights

Increase in Cash from Investing
Company has used Rs 593.93 cr for investing activities which is an YoY increase of 1337.08%. (Source: Consolidated Financials)

View Details

Ratios

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Return on Equity (%)	8.17	9.52	7.48	6.77	10.78
Return on Capital Employed (%)	16.05	17.16	14.64	11.29	17.63
Return on Assets (%)	3.39	4.05	4.35	3.93	5.58
Interest Coverage Ratio (x)	3.08	3.55	3.34	4.31	5.84
Asset Turnover Ratio (x)	0.81	1.13	1.52	1.26	1.19
Price to Earnings (x)	14.01	11.27	22.12	8.22	5.57
Price to Book (x)	1.14	1.07	1.65	0.56	0.60
EV/EBITDA (x)	4.76	5.10	8.11	3.86	1.72
EBITDA Margin (%)	13.12	10.07	9.33	7.92	10.17

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Return on Equity (%)	10.18	9.66	8.58	6.70	10.76
Return on Capital Employed (%)	18.48	17.75	16.19	11.24	17.63
Return on Assets (%)	4.30	3.94	4.80	3.89	5.55
Interest Coverage Ratio (x)	3.20	3.31	3.40	4.29	5.82
Asset Turnover Ratio (x)	0.86	1.08	1.54	1.18	1.16
Price to Earnings (x)	12.20	12.59	21.19	8.32	5.59
Price to Book (x)	1.24	1.22	1.82	0.56	0.60
EV/EBITDA (x)	4.73	5.46	8.12	3.96	1.78
EBITDA Margin (%)	14.26	10.51	9.61	8.40	10.36

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Peer Comparison

Ratio Performance

NAME	P/E (x)	P/B (x)	ROE %	ROCE %	ROA %	Rev CAGR [3Yr]	OPM	NPM	Basic EPS	Current Ratio	Total Debt/ Equity (x)	Total Debt/ CFO (x)
Man Industries	24.02	1.96	8.17	16.05	3.39	16.34	10.91	4.78	23.65	1.36	0.24	1.06
Surya Roshni	20.03	2.17	10.85	15.01	8.06	-1.71	5.45	3.79	13.13	3.21	0.02	0.16
Goodluck India	23.99	2.86	12.12	19.36	5.93	10.00	8.57	4.45	56.07	1.38	0.75	5.59
JTL Infra	29.94	1.94	6.62	9.11	4.93	11.27	6.85	4.82	2.62	3.22	0.16	-3.62
Hi-Tech Pipes	23.91	1.37	5.71	10.17	3.76	20.51	3.54	1.81	3.77	2.17	0.20	80.47
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Annual Ratios (%)

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Stock Performance

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NAME	1D	1W	1M	3M	1Y	3Y	5Y
Man Industries Stock Performance	7.25	-0.94	2.67	27.47	62.03	359.36	450.35
Surya Roshni Stock Performance	5.20	6.52	10.78	18.31	-11.62	30.29	122.44
Goodluck India Stock Performance	1.87	-0.70	6.27	9.16	38.68	170.23	1238.63
JTL Infra Stock Performance	5.15	8.13	5.89	15.33	5.49	-4.39	0.00
Hi-Tech Pipes Stock Performance	5.10	4.30	4.35	3.73	-6.98	22.31	127.48
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Found Peer Comparison useful?

Category	No. of Shares	Percentage	% Change QoQ
Promoters	3,24,12,022	43.21 %	0.00
Pledge	65,00,000	20.05 %	0.00
FII	18,07,246	2.40 %	-0.94
DII	10,05,497	1.34 %	0.08
MF	200	0.00 %	0.00
Others	3,97,84,806	53.05 %	0.86

Category	Mar 2026	Dec 2025	Sep 2025	Jun 2025
Promoters	43.21	43.21	43.21	48.21
Pledge	20.05	20.05	20.05	20.05
FII	2.40	3.35	2.32	2.19
DII	1.34	1.26	1.68	0.88
Mutual Funds	0.00	0.00	0.00	0.00
Others	53.05	52.18	52.79	48.72

Mutual Funds Ownership

No Data Available

Corporate Actions

Recent
Board Meeting
Audited Results
May 19, 2026
Board Meeting
Quarterly Results
Feb 01, 2026
General Meeting
-
Jan 19, 2026

Board Meetings

Announced on	Meeting on
May 19, 2026	May 25, 2026
Audited Results
Feb 01, 2026	Feb 09, 2026
Quarterly Results
Nov 04, 2025	Nov 13, 2025
Quarterly Results
Aug 04, 2025	Aug 11, 2025
Quarterly Results
May 28, 2025	May 31, 2025
To consider raising of funds

Dividends
Announced on Ex-Date Dividend%
Jul 26, 2023 Aug 14, 2023 40%
Apr 13, 2022 Apr 28, 2022 40%
Oct 20, 2020 Nov 03, 2020 40%
Mar 06, 2020 Mar 19, 2020 20%
May 28, 2019 Sep 19, 2019 30%
Bonus
No Data Available
Splits
Announced on Ex-Date
Jul 31, 2007 Oct 09, 2007
Split: Old FV10.0| New FV:5.0
Rights
Announced on Ex-Date
Jun 29, 1994 Jul 01, 1994
Rights ratio: 1 share for every 1 held at a price of Rs 15.0
Sep 30, 1993 Mar 10, 1993
Rights ratio: 1 share for every 1 held at a price of Rs 15.0
AGM/EGM Meetings
Announced on Meeting on
Jan 19, 2026 Feb 10, 2026
-
Sep 04, 2025 Sep 26, 2025
-
Jun 04, 2025 Jun 25, 2025
-
Nov 25, 2024 Dec 18, 2024
-
Sep 12, 2024 Sep 27, 2024
A.G.M.

Announced on	Ex-Date	Dividend%
Jul 26, 2023	Aug 14, 2023	40%
Apr 13, 2022	Apr 28, 2022	40%
Oct 20, 2020	Nov 03, 2020	40%
Mar 06, 2020	Mar 19, 2020	20%
May 28, 2019	Sep 19, 2019	30%

Announced on	Ex-Date
Jul 31, 2007	Oct 09, 2007
Split: Old FV10.0\| New FV:5.0

Announced on	Ex-Date
Jun 29, 1994	Jul 01, 1994
Rights ratio: 1 share for every 1 held at a price of Rs 15.0
Sep 30, 1993	Mar 10, 1993
Rights ratio: 1 share for every 1 held at a price of Rs 15.0

Announced on	Meeting on
Jan 19, 2026	Feb 10, 2026
-
Sep 04, 2025	Sep 26, 2025
-
Jun 04, 2025	Jun 25, 2025
-
Nov 25, 2024	Dec 18, 2024
-
Sep 12, 2024	Sep 27, 2024
A.G.M.

About Man Industries

Man Industries (India) Ltd., incorporated in the year 1988, is a Small Cap company (having a market cap of Rs 4,095.15 Crore) operating in Metals - Ferrous sector.

Man Industries (India) Ltd. key Products/Revenue Segments include Stainless Steel Tubes & Pipes, Other Operating Revenue and Sale of services for the year ending 31-Mar-2025.

For the quarter ended 31-03-2026, the company has reported a Consolidated Total Income of Rs 1,165.51 Crore, up 38.96 % from last quarter Total Income of Rs 838.72 Crore and down 5.55 % from last year same quarter Total Income of Rs 1,233.94 Crore. Company has reported net profit after tax of Rs 50.85 Crore in latest quarter.

The company’s top management includes Mr.Ramesh C Mansukhani, Mr.Nikhil R Mansukhani, Mr.Narendra Mairpady, Mr.Rabi Bastia, Mrs.Renu P Jalan, Mr.Sandeep Kumar, Mr.Rahul Rawat. Company has M H Dalal & Associates as its auditors. As on 31-03-2026, the company has a total of 7.50 Crore shares outstanding.

Man Industries Share Price Today is Rs. 545.95. On previous day, the Man Industries Share Price (NSE) closed at Rs. 509.05, featuring among the most traded securities on the National Stock Exchange.

Shareholdings:
As of 31st Mar, 2026, the promoter held 43.21% of the stake in Man Industries shares, out of which 20.05% was pledged. On the same date, foreign institutional investors' (FII) holdings of Man Industries stocks was 2.41% as compared to 3.35% in Dec 2025 with decrease of 0.94%. The domestic institutional investors (DII) holdings on 31st Mar, 2026 was 1.34% as compared to 1.26% in Dec 2025 with increase of 0.08%. Out of the total DII holdings in Man Industries shares 0.0% was held by mutual funds. The rest including public held is 53.04%. Man Industries stock price is reflected on both the exchanges - BSE and NSE.

Dividend, Bonus & Split Information:
Man Industries Dividend: Ever since 1988, Man Industries dividends has been paid out around 24 times. As on 12 Jun, 2026, 04:06 PM IST, The overall dividend yield for Man Industries stands at 0.0%. The last dividend paid was on August 14, 2023 (Rs. 2.0). The Earnings Per Share (EPS) for quarter ending 31st Mar 2026 is Rs. 22.73.

Man Industries Bonus: The most recent bonus issue had been in year null around 0 years ago at 0 : 0 ratio. The first bonus issue was announced in null.

Stock Forecast:
After showing 1165.51 Cr. of sales and 38.96% of quarterly net profit, there have been multiple ups and downs in the Man Industries stock prices in the past few weeks. For example, Man Industries stock price on 5th of June 2026 was around Rs. 537.55. Man Industries share price now stands at an average of Rs. 545.95. Judging by last week's performance, stock is in down trend.

Man Industries has a median target price of Rs. 450.0 in 12 months by 1 analysts. They have provided a high estimate of Rs. 450.0 and low estimate of Rs. 450.0 for Man Industries share.

Historical Prices and Performance:
Man Industries, incorporated in 1988 is a Small Cap company (with a market cap of Rs. 4095.15) operating in Metals - Ferrous sector.
The Return of Equity (ROE) in last five financial years given by Man Industries stock was 8.17%, 9.52%, 7.48%, 6.77% and 10.78% respectively.
The Man Industries share gave a 3 year return of 267.89% as compared to Nifty 50 which gave a return of 26.99%.
Man Industries announced 40.0% final dividend on August 14, 2023.

Key Metrics:
PE Ratio of Man Industries is 22.4
Prices/Sales Ratio of Man Industries is 0.67
Price/Book Ratio of Man Industries is 1.83

Peer Insights:
Peers are businesses with comparable activities, buisness objectives and affiliation with a particular industry area. For Man Industries, major competitors and peers include Surya Roshni, Goodluck India, JTL Infra and Hi-Tech Pipes. As of Dec 2025, the dividend yield of Man Industries stands at 0.0% while Surya Roshni, Goodluck India, JTL Infra and Hi-Tech Pipes stand at 1.9%, 0.46%, 0.17% and 0.0% respectively. The PE ratio and PB Ratio of the company are among its competitors stand at 22.4 and 1.83 respectively.

Leadership of Man Industries :
Rahul Rawat is Co. Secretary & Compl. Officer
Sandeep Kumar is Chief Financial Officer
Gurinder Singh Sethi is Sr. Vice President - Marketing & Business Developm
Jaspreet Bhatia is Senior Vice President - Marketing
Hardik Shah is Vice President - Projects
Swatantra Joshi is Plant Head - Anjar Facility
Ganesh Tiwari is Plant Head - Pithampur Facility
Ramesh C Mansukhani is Executive Chairman
Nikhil R Mansukhani is Managing Director
Narendra Mairpady is Independent Director
Renu P Jalan is Independent Director
Rabi Bastia is Independent Director

Industry

Steel - Tubes/Pipes

Key Indices Listed On

BSE SmallCap, BSE Industrials, BSE AllCap, BSE MidSmallCap

Address

MAN House, 101,S.V.Road,Opp. Pawan Hans,Mumbai, Maharashtra - 400056

Contact

cs@maninds.org

http://www.mangroup.com

PE Ratio(x)	24.02
EPS - TTM(₹)	22.73
MCap(₹ Cr.)	4,095.15
MCap Rank	31
PB Ratio(x)	1.90
Div Yield(%)	-
Face Value(₹)	5.00
52W High(₹)	606.40
52W Low(₹)	302.05
MCap/Sales	0.67
Beta(1 Month)	-0.12
BV/Share(₹)	278.17

PE Ratio(x)	24.04
EPS - TTM(₹)	22.73
MCap(₹ Cr.)	4,098.90
MCap Rank	30
PB Ratio(x)	1.82
Div Yield(%)	-
Face Value(₹)	5.00
52W High(₹)	607.00
52W Low(₹)	302.30
MCap/Sales	0.67
Beta(1 Month)	-0.12
BV/Share(₹)	278.17

1 Day	7.25%
1 Month	4.84%
3 Months	32.83%
1 Year	44.35%
3 Years	267.89%
5 Years	393.63%

1 Day	7.09%
1 Month	4.75%
3 Months	33.13%
1 Year	44.05%
3 Years	267.36%
5 Years	394.3%

R1	-	Pivot -	S1	-
R2	-		S2	-
R3	-		S3	-

Man Industries (India) Share Price

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