MANINDS - Man Industries (India) Ltd Share Price

Industrial Products

₹272.30-0.90(-0.33%)

Market Closed as of Apr 28, 2025, 15:30 IST

What does Man Industries (India) Ltd do?

Iron & Steel Products•Capital Goods•Small Cap

Man Industries (India) Limited manufactures, processes, and trades in submerged arc welded pipes and steel products in India. The company offers coating systems, which include internal blasting and painting, coal tar enamel; ERW pipes, steel bends, and stainless steel; fusion bonded epoxy, 3 layer polyethylene, and 3 layer polypropylene coating systems. It also offers longitudinal submerged and helically submerged arc welded line pipes for use in oil, gas, petrochemicals, water dredging, fertilizers sectors. The company exports its products. Man Industries (India) Limited was incorporated in 1988 and is based in Mumbai, India.

Industry Group:Industrial Products

Employees:794

Website:www.mangroup.com

Description	Share	Value
Manufacturing	100.0%	731.9 Cr
Total		731.9 Cr

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Category	MANINDS	Industrial
PE	16.20	22.12
PS	0.56	1.50
Growth	5.3 %	-1.5 %

Share Holdings

Understand Man Industries (India) ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.

Holding Pattern

Major Shareholders

Share Holding Details

As of 2025-03-31

Shareholder Name	Holding %
Rameshchandra Mansukhani	17.39%
Man Finance Private Limited	9.99%
Heena Vinay Kalantri	7.51%
Nikhil Mansukhani	5.54%
Man Global Limited	2.85%
Deepadevi Rameshchandra Mansukhani	2.79%
Vikas Vijaykumar Khemani	2.53%
Firm	2.1%
Rba & Finance Investment Co. (Partnership Firm)	2.1%
Ashish Kacholia	2.1%
Hiten Dilip Bhatia	1.5%
The Court Receiver High Court Bombay(Com Arb Pet No 31/2020)	1.5%
Bodies Corporate	0.5%
Rameshchandra Mansukhani (HUF)	0.11%
Jagdishchandra Jhamaklal Mansukhani (Refer note)	0.02%
Anita Jagdish Mansukhani (Refer note)	0.01%
Priyal Mansukhani (Refer note)	0%
Man Tubinox Limited (Refer note)	0%
Jpa Solutions Private Limited (Refer note)	0%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Balance Sheet for Man Industries (India)

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-59.4%	66	161	109	28	43	79
Current investments	-55.4%	100	223	26	0.25	0	0
Loans, current	9%	195	179	125	100	9.16	6.98
Total current financial assets	8.7%	1,066	981	864	755	638	791
Inventories	131.3%	813	352	400	107	423	305
Current tax assets	-	0	0	0	1.25	0	0
Total current assets	40.9%	1,992	1,414	1,367	936	1,173	1,204
Property, plant and equipment	-3.2%	488	504	486	483	295	313
Capital work-in-progress	-6.7%	29	31	40	3.08	66	16
Non-current investments	36.1%	197	145	136	136	136	133
Total non-current financial assets	36.2%	351	258	303	232	215	217
Total non-current assets	10.2%	955	867	847	790	648	618
Total assets	29.2%	2,947	2,282	2,214	1,727	1,822	1,822
Borrowings, non-current	44%	194	135	140	128	20	3.66
Total non-current financial liabilities	40.1%	207	148	155	129	23	6.65
Provisions, non-current	-117.4%	0	0.54	1.8	1.96	1.88	1.73
Total non-current liabilities	34.1%	237	177	185	159	51	35
Borrowings, current	-98.5%	3.51	172	54	170	69	53
Total current financial liabilities	85.9%	1,308	704	969	535	819	837
Provisions, current	4%	6.69	6.47	5.08	6.6	5.66	5.71
Current tax liabilities	220.8%	18	6.3	5.86	0	0.46	2.11
Total current liabilities	66.2%	1,372	826	983	565	830	847
Total liabilities	60.3%	1,609	1,004	1,167	724	881	882
Equity share capital	0%	32	32	30	30	30	30
Total equity	4.7%	1,338	1,278	1,047	1,003	941	940
Total equity and liabilities	29.2%	2,947	2,282	2,214	1,727	1,822	1,822

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-64.9%	67	189	114	37	47	82
Current investments	-54.2%	105	228	30	0.32	0.07	0
Loans, current	204.3%	4.5	2.15	1.94	72	1.13	1.38
Total current financial assets	6.1%	903	851	761	744	663	793
Inventories	71.6%	1,108	646	697	121	444	318
Current tax assets	-	0	0	0	1.25	0	0
Total current assets	33.7%	2,136	1,598	1,566	940	1,220	1,219
Property, plant and equipment	-0.4%	538	540	511	489	301	318
Capital work-in-progress	6.7%	33	31	53	14	70	20
Investment property	0%	1.43	1.43	1.7	0	0	0
Goodwill	4.8%	67	64	62	0	0	0
Non-current investments	-	0	0	0	102	102	102
Total non-current financial assets	-10.6%	102	114	96	199	182	186
Total non-current assets	12.9%	923	818	772	788	630	601
Total assets	26.7%	3,059	2,415	2,338	1,728	1,850	1,820
Borrowings, non-current	20.7%	164	136	142	128	20	3.66
Total non-current financial liabilities	19.5%	179	150	156	129	23	6.66
Provisions, non-current	-117.4%	0	0.54	1.8	2.31	1.88	1.73
Total non-current liabilities	16.2%	209	180	186	159	51	35
Borrowings, current	-79.5%	36	172	47	166	66	46
Total current financial liabilities	89.8%	1,339	706	966	534	846	832
Provisions, current	50.6%	9.81	6.85	5.63	6.79	5.8	5.86
Current tax liabilities	-119.3%	0.15	5.4	5.86	0	0.46	2.11
Total current liabilities	67.6%	1,390	830	980	564	857	843
Total liabilities	58.4%	1,599	1,010	1,166	724	908	878
Equity share capital	0%	32	32	30	30	30	30
Total equity	3.9%	1,460	1,405	1,172	1,004	942	942
Total equity and liabilities	26.7%	3,059	2,415	2,338	1,728	1,850	1,820

Valuation
Market Cap	1.77 kCr
Price/Earnings (Trailing)	16.2
Price/Sales (Trailing)	0.56
EV/EBITDA	6.11
Price/Free Cashflow	13.73
MarketCap/EBT	11.82

Fundamentals
Revenue (TTM)	3.15 kCr
Rev. Growth (Yr)	-12.97%
Rev. Growth (Qtr)	-9.73%
Earnings (TTM)	109.16 Cr
Earnings Growth (Yr)	11.5%
Earnings Growth (Qtr)	7.09%

Profitability
Operating Margin	4.75%
EBT Margin	4.75%
Return on Equity	7.48%
Return on Assets	3.57%
Free Cashflow Yield	7.28%

Investor Care
Dividend Yield	0.69%
Shares Dilution (1Y)	7.71%
Diluted EPS (TTM)	16.57

Financial Health
Current Ratio	1.54
Debt/Equity	0.14

Cash Flow for Man Industries (India)

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	115%	87	41	37
Change in inventories	-224.5%	-244.2	198	26
Depreciation	34.1%	60	45	45
Unrealised forex losses/gains	-357.3%	-27.3	12	-18.76
Adjustments for interest income	-	18	0	0
Net Cashflows from Operations	407.9%	333	-106.81	441
Interest received	83.6%	0	-5.08	-2.82
Income taxes paid (refund)	-	33	0	0
Net Cashflows From Operating Activities	364%	299	-111.89	438
Purchase of property, plant and equipment	-53%	94	199	36
Proceeds from sales of investment property	-102.4%	0	43	2.11
Interest received	91.2%	8.8	5.08	2.82
Other inflows (outflows) of cash	154.2%	62	25	-77.91
Net Cashflows From Investing Activities	-98.2%	-250.87	-126.06	-108.94
Proceeds from issuing shares	4728.6%	170	4.5	10
Proceeds from borrowings	-96.8%	8.79	241	0
Repayments of borrowings	-	0	0	234
Payments of lease liabilities	-	6.53	0	0
Dividends paid	0%	12	12	0
Interest paid	105%	83	41	38
Other inflows (outflows) of cash	-	6.8	0	0
Net Cashflows from Financing Activities	-55.4%	84	187	-267.06
Net change in cash and cash eq.	353.2%	132	-50.74	62

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	130%	93	41	37
Change in inventories	-221.8%	-238.85	198	13
Depreciation	36.4%	61	45	45
Unrealised forex losses/gains	-357.3%	-27.3	12	-18.76
Dividend income	-	0.12	0	0
Adjustments for interest income	-	18	0	0
Net Cashflows from Operations	351.5%	291	-114.3	454
Dividends received	15.3%	0	-0.18	0
Interest received	81%	0	-4.27	-2.72
Income taxes paid (refund)	-	33	0	0
Net Cashflows From Operating Activities	313.8%	257	-118.75	451
Proceeds from sales of PPE	-	0.04	0	0
Purchase of property, plant and equipment	-42.2%	120	207	46
Proceeds from sales of investment property	-102.4%	0	42	2.11
Dividends received	-7.3%	0.12	0.18	0
Interest received	695.1%	27	4.27	2.72
Other inflows (outflows) of cash	154.2%	62	25	-78.21
Net Cashflows From Investing Activities	-93.9%	-263.69	-135.49	-119.06
Proceeds from issuing shares	4985.7%	179	4.5	10
Proceeds from borrowings	-70.2%	79	263	0
Repayments of borrowings	-	-1.04	0	234
Payments of lease liabilities	30.1%	6.53	5.25	5.25
Dividends paid	0%	12	12	0
Interest paid	120%	89	41	38
Other inflows (outflows) of cash	-	6.79	0	0
Net Cashflows from Financing Activities	-24.5%	158	209	-267.22
Net change in cash and cash eq.	427.8%	152	-45.06	65

Income Statement for Man Industries (India)

Standalone figures (in Rs. Crores) / View Consolidated Data

AnnualQuarterly

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	47.3%	3,080	2,092	2,094	2,075	1,759	2,215
Other Income	66.7%	66	40	37	31	17	21
Total Income	47.5%	3,146	2,133	2,131	2,106	1,776	2,236
Cost of Materials	67.8%	2,442	1,456	1,492	1,283	1,166	1,520
Purchases of stock-in-trade	-53.6%	46	98	63	177	100	76
Employee Expense	15.8%	67	58	53	54	54	55
Finance costs	115%	87	41	37	53	64	65
Depreciation and Amortization	34.1%	60	45	45	46	52	46
Other expenses	65.3%	429	260	321	417	276	290
Total Expenses	46.8%	2,998	2,043	1,997	1,969	1,709	2,149
Profit Before exceptional items and Tax	66.3%	149	90	135	136	66	87
Exceptional items before tax	-	0	0	0	0	-2.5	0
Total profit before tax	66.3%	149	90	135	136	64	87
Current tax	80%	37	21	36	37	23	27
Deferred tax	-35.8%	1.34	1.53	-2.89	-1.17	-12.84	3.03
Total tax	81%	39	22	33	36	9.76	30
Total profit (loss) for period	65.2%	110	67	101	101	54	57
Other comp. income net of taxes	-95%	1.19	4.82	-4.14	-2.62	6.69	2.3
Total Comprehensive Income	54.9%	111	72	97	98	61	60
Earnings Per Share, Basic	68.4%	18.19	11.21	17.72	17.62	9.45	10.05
Earnings Per Share, Diluted	61.2%	17.46	11.21	17.46	16.74	9.45	10.05

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	-9.2%	731	805	732	778	830	1,008
Other Income	79.9%	15	8.78	25	18	21	23
Total Income	-8.5%	745	814	757	796	851	1,031
Cost of Materials	1.1%	549	543	569	602	679	662
Purchases of stock-in-trade	-5.2%	74	78	94	34	0	10
Employee Expense	-5.9%	17	18	19	18	16	18
Finance costs	25%	26	21	18	24	20	22
Depreciation and Amortization	11.1%	11	10	12	15	15	15
Other expenses	5.6%	114	108	68	94	121	116
Total Expenses	-9.5%	695	768	725	771	801	972
Profit Before exceptional items and Tax	8.9%	50	46	32	25	50	58
Total profit before tax	8.9%	50	46	32	25	50	58
Current tax	10%	12	11	6.76	7.22	12	14
Deferred tax	83.9%	0.85	0.07	1.21	0.89	0.22	0.77
Total tax	20%	13	11	7.97	8.11	13	15
Total profit (loss) for period	8.8%	38	35	24	17	37	43
Other comp. income net of taxes	-1925%	-0.62	0.92	0.29	0.12	0.25	1.16
Total Comprehensive Income	2.9%	37	36	24	17	37	45
Earnings Per Share, Basic	6.8%	5.72	5.42	3.73	2.86	6.18	7.23
Earnings Per Share, Diluted	6.9%	5.5	5.21	3.59	2.74	5.93	7.23

Consolidated figures (in Rs. Crores) / View Standalone Data

AnnualQuarterly

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	40.9%	3,142	2,231	2,139	2,080	1,759	2,222
Other Income	30.8%	52	40	37	31	17	21
Total Income	40.7%	3,194	2,271	2,176	2,111	1,776	2,242
Cost of Materials	70.9%	2,487	1,456	1,535	1,283	1,166	1,520
Purchases of stock-in-trade	-81.9%	43	233	63	181	100	80
Employee Expense	15.3%	69	60	54	55	56	56
Finance costs	117.5%	88	41	37	53	64	65
Depreciation and Amortization	36.4%	61	45	45	46	52	46
Other expenses	64.6%	429	261	321	416	272	290
Total Expenses	39.9%	3,050	2,181	2,041	1,974	1,708	2,154
Profit Before exceptional items and Tax	60.7%	144	90	135	137	68	88
Exceptional items before tax	-	0	0	0	0	-2.5	0
Total profit before tax	60.7%	144	90	135	137	65	88
Current tax	80%	37	21	36	37	23	27
Deferred tax	26.4%	1.67	1.53	-2.89	-1.17	-12.84	3.03
Total tax	81%	39	22	33	36	9.76	30
Total profit (loss) for period	55.2%	105	68	102	101	56	59
Other comp. income net of taxes	-88.9%	1.27	3.43	-4.4	-2.62	6.74	2.21
Total Comprehensive Income	50%	106	71	97	98	62	61
Earnings Per Share, Basic	59%	17.42	11.33	17.78	17.66	9.72	10.3
Earnings Per Share, Diluted	52.3%	16.73	11.33	17.52	16.78	9.72	10.3

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	-9.2%	732	806	749	811	833	1,018
Other Income	-54.6%	5.54	11	20	14	14	21
Total Income	-9.8%	737	817	769	825	847	1,039
Cost of Materials	-0.9%	543	548	583	619	682	672
Purchases of stock-in-trade	-5.2%	74	78	94	31	0	10
Employee Expense	-21.1%	16	20	20	18	17	19
Finance costs	25%	26	21	18	25	20	22
Depreciation and Amortization	0%	11	11	13	15	16	15
Other expenses	6.6%	114	107	68	94	120	119
Total Expenses	-10.7%	691	774	741	793	804	985
Profit Before exceptional items and Tax	9.5%	47	43	28	32	43	54
Total profit before tax	9.5%	47	43	28	32	43	54
Current tax	10%	12	11	6.76	7.22	12	14
Deferred tax	94.1%	0.93	-0.19	1.69	1.09	0.22	0.89
Total tax	20%	13	11	8.45	8.31	13	15
Total profit (loss) for period	6.5%	34	32	19	24	31	39
Other comp. income net of taxes	-16000%	-0.61	0.99	0.21	0.2	0.38	1.03
Total Comprehensive Income	3.1%	34	33	19	24	31	40
Earnings Per Share, Basic	11.2%	5.36	4.92	2.94	4	5.09	6.68
Earnings Per Share, Diluted	11.2%	5.16	4.74	2.83	3.84	4.89	6.68

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
APLAPOLLO	APL Apollo TubesIron & Steel Products	44.87 kCr	20.03 kCr	+7.93%	+4.32%	70.73	2.24	+12.14%	-16.95%
WELCORP	Welspun CorpIron & Steel Products	19.85 kCr	14.74 kCr	-8.48%	+31.17%	13.32	1.35	-14.13%	+36.88%
RATNAMANI	Ratnamani Metals & TubesIron & Steel Products	18.78 kCr	5.06 kCr	-0.26%	-11.17%	35.33	3.71	-0.92%	-14.90%
JINDALSAW	Jindal SawIron & Steel Products	16.35 kCr	15.83 kCr	-3.69%	-6.26%	11.84	1.03	-24.27%	-1.71%
MAHSEAMLES	Maharashtra SeamlessIron & Steel Products	9.01 kCr	5.27 kCr	-1.43%	-25.78%	11.96	1.71	-11.44%	-31.89%

MANINDS - Man Industries (India) Ltd Share Price

What does Man Industries (India) Ltd do?

Revenue Breakdown

Sector Comparison: MANINDS vs Industrial Products

Comparative Metrics

Performance Comparison

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

Balance Sheet for Man Industries (India)

Valuation

Fundamentals

Profitability

Investor Care

Financial Health

Cash Flow for Man Industries (India)

Income Statement for Man Industries (India)

Is Man Industries (India) Better than it's peers?

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)