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Last Updated on: 04 November, 2025
Author: Getaka|Social: XLinkedIn

Man Industries (India) Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: November 3, 2025, 9:20 pm

Market Cap 2,991 Cr.
Current Price 400
High / Low 469/201
Stock P/E18.5
Book Value 248
Dividend Yield0.00 %
ROCE16.0 %
ROE10.0 %
Face Value 5.00
PEG Ratio2.41

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Man Industries (India) Ltd

Competitors of Man Industries (India) Ltd

Stock Name Market Cap Current Price High / Low Stock P/E Book Value Dividend Yield ROCE ROE Face Value
Mukat Pipes Ltd 18.9 Cr. 16.0 22.0/14.6 5.910.00 %%% 5.00
Hariom Pipe Industries Ltd 1,381 Cr. 447 670/30120.4 1850.14 %14.1 %11.9 % 10.0
Earthstahl & Alloys Ltd 30.0 Cr. 24.5 49.5/20.356.6 30.60.00 %3.58 %1.43 % 10.0
Crimson Metal Engineering Company Ltd 15.0 Cr. 33.8 33.8/10.8136 12.60.00 %8.11 %2.35 % 10.0
Welspun Corp Ltd 25,136 Cr. 953 995/65014.2 3110.52 %21.2 %18.6 % 5.00
Industry Average10,324.92 Cr561.0344.57156.140.38%15.34%11.65%4.69

All Competitor Stocks of Man Industries (India) Ltd

Quarterly Result

MetricJun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
Sales 5104656585984901,0188338117498067321,218742
Expenses 4884505995574449487687527117426531,097693
Operating Profit 221559414770655838647912149
OPM % 4%3%9%7%10%7%8%7%5%8%11%10%7%
Other Income 12214114211414201161531
Interest 99126212220251821263530
Depreciation 12111111151516151311111113
Profit before tax 14-34934145443322843479138
Tax % 29%63%25%12%22%28%29%26%31%26%27%25%28%
Net Profit 10-53730113931241932346828
EPS in Rs 1.64-0.856.194.961.876.505.093.732.944.925.2710.534.11

Last Updated: August 20, 2025, 7:20 am

Below is a detailed analysis of the quarterly data for Man Industries (India) Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:

  • For Sales, as of Jun 2025, the value is 742.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,218.00 Cr. (Mar 2025) to 742.00 Cr., marking a decrease of 476.00 Cr..
  • For Expenses, as of Jun 2025, the value is 693.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 1,097.00 Cr. (Mar 2025) to 693.00 Cr., marking a decrease of 404.00 Cr..
  • For Operating Profit, as of Jun 2025, the value is 49.00 Cr.. The value appears to be declining and may need further review. It has decreased from 121.00 Cr. (Mar 2025) to 49.00 Cr., marking a decrease of 72.00 Cr..
  • For OPM %, as of Jun 2025, the value is 7.00%. The value appears to be declining and may need further review. It has decreased from 10.00% (Mar 2025) to 7.00%, marking a decrease of 3.00%.
  • For Other Income, as of Jun 2025, the value is 31.00 Cr.. The value appears strong and on an upward trend. It has increased from 15.00 Cr. (Mar 2025) to 31.00 Cr., marking an increase of 16.00 Cr..
  • For Interest, as of Jun 2025, the value is 30.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 35.00 Cr. (Mar 2025) to 30.00 Cr., marking a decrease of 5.00 Cr..
  • For Depreciation, as of Jun 2025, the value is 13.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 11.00 Cr. (Mar 2025) to 13.00 Cr., marking an increase of 2.00 Cr..
  • For Profit before tax, as of Jun 2025, the value is 38.00 Cr.. The value appears to be declining and may need further review. It has decreased from 91.00 Cr. (Mar 2025) to 38.00 Cr., marking a decrease of 53.00 Cr..
  • For Tax %, as of Jun 2025, the value is 28.00%. The value appears to be increasing, which may not be favorable. It has increased from 25.00% (Mar 2025) to 28.00%, marking an increase of 3.00%.
  • For Net Profit, as of Jun 2025, the value is 28.00 Cr.. The value appears to be declining and may need further review. It has decreased from 68.00 Cr. (Mar 2025) to 28.00 Cr., marking a decrease of 40.00 Cr..
  • For EPS in Rs, as of Jun 2025, the value is 4.11. The value appears to be declining and may need further review. It has decreased from 10.53 (Mar 2025) to 4.11, marking a decrease of 6.42.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: October 15, 2025, 4:53 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,0051,3641,3921,0601,6082,2221,7592,0802,1392,2313,1423,5053,499
Expenses 9501,2501,2721,0121,4832,0441,5911,8751,9582,0942,9013,2043,186
Operating Profit 5511412048125178168205181137241301313
OPM % 5%8%9%5%8%8%10%10%8%6%8%9%9%
Other Income 31356772532114313739525263
Interest 4246563643646453374188100112
Depreciation 32433740394652464546614545
Profit before tax 1260934495886513713589144208219
Tax % 27%17%7%24%33%33%15%26%25%25%27%26%
Net Profit 950863464595610110267105153162
EPS in Rs 1.588.8215.145.8811.1510.309.7217.6617.1611.1516.2423.6624.83
Dividend Payout % 63%17%10%26%13%15%10%11%0%0%12%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)455.56%72.00%-60.47%88.24%-7.81%-5.08%80.36%0.99%-34.31%56.72%45.71%
Change in YoY Net Profit Growth (%)0.00%-383.56%-132.47%148.70%-96.05%2.73%85.44%-79.37%-35.30%91.03%-11.00%

Man Industries (India) Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

No data available for the compounded sales growth chart.

Balance Sheet

Last Updated: May 13, 2025, 3:09 pm

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Equity Capital 292929292929292930303232
Reserves 6324545385706246737188069131,1021,3721,575
Borrowings 43849535344736824429429657301326476
Other Liabilities 4745223233116786487876558214276841,696
Total Liabilities 1,5731,4991,2431,3561,6981,5941,8271,7861,8201,8602,4153,779
Fixed Assets 405416349346355396368337318553605643
CWIP 2319563341201431133
Investments 203104104103102102103102022826
Other Assets 1,1471,0777719021,1761,0931,3531,3451,3791,2931,5522,977
Total Assets 1,5731,4991,2431,3561,6981,5941,8271,7861,8201,8602,4153,779

Below is a detailed analysis of the balance sheet data for Man Industries (India) Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

  • For Equity Capital, as of Mar 2025, the value is 32.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 32.00 Cr..
  • For Reserves, as of Mar 2025, the value is 1,575.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,372.00 Cr. (Mar 2024) to 1,575.00 Cr., marking an increase of 203.00 Cr..
  • For Borrowings, as of Mar 2025, the value is 476.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 326.00 Cr. (Mar 2024) to 476.00 Cr., marking an increase of 150.00 Cr..
  • For Other Liabilities, as of Mar 2025, the value is 1,696.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 684.00 Cr. (Mar 2024) to 1,696.00 Cr., marking an increase of 1,012.00 Cr..
  • For Total Liabilities, as of Mar 2025, the value is 3,779.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 2,415.00 Cr. (Mar 2024) to 3,779.00 Cr., marking an increase of 1,364.00 Cr..
  • For Fixed Assets, as of Mar 2025, the value is 643.00 Cr.. The value appears strong and on an upward trend. It has increased from 605.00 Cr. (Mar 2024) to 643.00 Cr., marking an increase of 38.00 Cr..
  • For CWIP, as of Mar 2025, the value is 133.00 Cr.. The value appears strong and on an upward trend. It has increased from 31.00 Cr. (Mar 2024) to 133.00 Cr., marking an increase of 102.00 Cr..
  • For Investments, as of Mar 2025, the value is 26.00 Cr.. The value appears to be declining and may need further review. It has decreased from 228.00 Cr. (Mar 2024) to 26.00 Cr., marking a decrease of 202.00 Cr..
  • For Other Assets, as of Mar 2025, the value is 2,977.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,552.00 Cr. (Mar 2024) to 2,977.00 Cr., marking an increase of 1,425.00 Cr..
  • For Total Assets, as of Mar 2025, the value is 3,779.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,415.00 Cr. (Mar 2024) to 3,779.00 Cr., marking an increase of 1,364.00 Cr..

Notably, the Reserves (1,575.00 Cr.) exceed the Borrowings (476.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow - No data available for this post.

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-383.00-381.00-233.00-399.00-243.00-66.00-126.00-91.00124.00-164.00-85.00-175.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days1091307011787919311593814193
Inventory Days529244491264711085738498169
Days Payable16213575941741211621331747076160
Cash Conversion Cycle-187397139174167-89563102
Working Capital Days1286234462517-143423693340
ROCE %5%10%16%8%14%16%13%17%16%10%14%16%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Jul 2025
Promoters45.68%45.68%45.68%49.61%49.61%46.15%46.12%46.15%46.15%46.20%48.21%43.21%
FIIs1.65%1.60%2.22%1.61%2.14%1.64%1.84%2.52%2.16%3.33%2.19%2.35%
DIIs0.19%0.23%0.04%0.04%0.64%3.31%3.31%3.27%2.64%1.03%0.88%1.75%
Public52.47%52.48%52.05%48.72%47.60%48.90%48.72%48.05%49.05%49.43%48.73%52.68%
No. of Shareholders38,74037,54931,53934,33035,19344,20646,29553,58256,98456,40559,25756,856

Shareholding Pattern Chart

No. of Shareholders

Man Industries (India) Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 5.005.005.005.005.00
Basic EPS (Rs.) 23.6617.4211.3317.7817.66
Diluted EPS (Rs.) 22.7816.7311.3317.5216.78
Cash EPS (Rs.) 30.6525.6818.8624.8425.78
Book Value[Excl.RevalReserv]/Share (Rs.) 248.26217.02167.08159.21146.21
Book Value[Incl.RevalReserv]/Share (Rs.) 248.26217.02167.08159.21146.21
Revenue From Operations / Share (Rs.) 541.45485.39371.25361.38364.29
PBDIT / Share (Rs.) 54.5645.3029.4136.7841.30
PBIT / Share (Rs.) 47.5735.8621.8629.1133.17
PBT / Share (Rs.) 32.1822.2915.0422.8123.94
Net Profit / Share (Rs.) 23.6616.2411.3117.1617.66
NP After MI And SOA / Share (Rs.) 23.6616.2411.3117.1617.66
PBDIT Margin (%) 10.079.337.9210.1711.33
PBIT Margin (%) 8.787.385.888.059.10
PBT Margin (%) 5.944.594.056.316.57
Net Profit Margin (%) 4.363.343.044.744.84
NP After MI And SOA Margin (%) 4.363.343.044.744.84
Return on Networth / Equity (%) 9.527.486.7710.7812.07
Return on Capital Employeed (%) 17.1614.6411.2917.6321.63
Return On Assets (%) 4.054.353.935.585.64
Long Term Debt / Equity (X) 0.080.090.120.000.00
Total Debt / Equity (X) 0.280.210.290.050.33
Asset Turnover Ratio (%) 1.131.521.261.191.15
Current Ratio (X) 1.391.921.671.451.33
Quick Ratio (X) 0.741.151.451.070.96
Inventory Turnover Ratio (X) 2.446.496.634.763.61
Dividend Payout Ratio (NP) (%) 0.0011.4317.400.0011.32
Dividend Payout Ratio (CP) (%) 0.007.2310.440.007.75
Earning Retention Ratio (%) 0.0088.5782.600.0088.68
Cash Earning Retention Ratio (%) 0.0092.7789.560.0092.25
Interest Coverage Ratio (X) 3.553.344.315.844.47
Interest Coverage Ratio (Post Tax) (X) 2.542.202.663.722.91
Enterprise Value (Cr.) 1802.412378.24682.66374.99632.81
EV / Net Operating Revenue (X) 0.510.750.300.170.30
EV / EBITDA (X) 5.108.113.861.722.68
MarketCap / Net Operating Revenue (X) 0.490.730.250.260.21
Retention Ratios (%) 0.0088.5682.590.0088.67
Price / BV (X) 1.071.650.550.600.54
Price / Net Operating Revenue (X) 0.490.730.250.260.21
EarningsYield 0.080.040.120.170.22

After reviewing the key financial ratios for Man Industries (India) Ltd, here is a detailed analysis based on the latest available data and recent trends:

  • For FaceValue, as of Mar 25, the value is 5.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 5.00.
  • For Basic EPS (Rs.), as of Mar 25, the value is 23.66. This value is within the healthy range. It has increased from 17.42 (Mar 24) to 23.66, marking an increase of 6.24.
  • For Diluted EPS (Rs.), as of Mar 25, the value is 22.78. This value is within the healthy range. It has increased from 16.73 (Mar 24) to 22.78, marking an increase of 6.05.
  • For Cash EPS (Rs.), as of Mar 25, the value is 30.65. This value is within the healthy range. It has increased from 25.68 (Mar 24) to 30.65, marking an increase of 4.97.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 248.26. It has increased from 217.02 (Mar 24) to 248.26, marking an increase of 31.24.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 248.26. It has increased from 217.02 (Mar 24) to 248.26, marking an increase of 31.24.
  • For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 541.45. It has increased from 485.39 (Mar 24) to 541.45, marking an increase of 56.06.
  • For PBDIT / Share (Rs.), as of Mar 25, the value is 54.56. This value is within the healthy range. It has increased from 45.30 (Mar 24) to 54.56, marking an increase of 9.26.
  • For PBIT / Share (Rs.), as of Mar 25, the value is 47.57. This value is within the healthy range. It has increased from 35.86 (Mar 24) to 47.57, marking an increase of 11.71.
  • For PBT / Share (Rs.), as of Mar 25, the value is 32.18. This value is within the healthy range. It has increased from 22.29 (Mar 24) to 32.18, marking an increase of 9.89.
  • For Net Profit / Share (Rs.), as of Mar 25, the value is 23.66. This value is within the healthy range. It has increased from 16.24 (Mar 24) to 23.66, marking an increase of 7.42.
  • For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 23.66. This value is within the healthy range. It has increased from 16.24 (Mar 24) to 23.66, marking an increase of 7.42.
  • For PBDIT Margin (%), as of Mar 25, the value is 10.07. This value is within the healthy range. It has increased from 9.33 (Mar 24) to 10.07, marking an increase of 0.74.
  • For PBIT Margin (%), as of Mar 25, the value is 8.78. This value is below the healthy minimum of 10. It has increased from 7.38 (Mar 24) to 8.78, marking an increase of 1.40.
  • For PBT Margin (%), as of Mar 25, the value is 5.94. This value is below the healthy minimum of 10. It has increased from 4.59 (Mar 24) to 5.94, marking an increase of 1.35.
  • For Net Profit Margin (%), as of Mar 25, the value is 4.36. This value is below the healthy minimum of 5. It has increased from 3.34 (Mar 24) to 4.36, marking an increase of 1.02.
  • For NP After MI And SOA Margin (%), as of Mar 25, the value is 4.36. This value is below the healthy minimum of 8. It has increased from 3.34 (Mar 24) to 4.36, marking an increase of 1.02.
  • For Return on Networth / Equity (%), as of Mar 25, the value is 9.52. This value is below the healthy minimum of 15. It has increased from 7.48 (Mar 24) to 9.52, marking an increase of 2.04.
  • For Return on Capital Employeed (%), as of Mar 25, the value is 17.16. This value is within the healthy range. It has increased from 14.64 (Mar 24) to 17.16, marking an increase of 2.52.
  • For Return On Assets (%), as of Mar 25, the value is 4.05. This value is below the healthy minimum of 5. It has decreased from 4.35 (Mar 24) to 4.05, marking a decrease of 0.30.
  • For Long Term Debt / Equity (X), as of Mar 25, the value is 0.08. This value is below the healthy minimum of 0.2. It has decreased from 0.09 (Mar 24) to 0.08, marking a decrease of 0.01.
  • For Total Debt / Equity (X), as of Mar 25, the value is 0.28. This value is within the healthy range. It has increased from 0.21 (Mar 24) to 0.28, marking an increase of 0.07.
  • For Asset Turnover Ratio (%), as of Mar 25, the value is 1.13. It has decreased from 1.52 (Mar 24) to 1.13, marking a decrease of 0.39.
  • For Current Ratio (X), as of Mar 25, the value is 1.39. This value is below the healthy minimum of 1.5. It has decreased from 1.92 (Mar 24) to 1.39, marking a decrease of 0.53.
  • For Quick Ratio (X), as of Mar 25, the value is 0.74. This value is below the healthy minimum of 1. It has decreased from 1.15 (Mar 24) to 0.74, marking a decrease of 0.41.
  • For Inventory Turnover Ratio (X), as of Mar 25, the value is 2.44. This value is below the healthy minimum of 4. It has decreased from 6.49 (Mar 24) to 2.44, marking a decrease of 4.05.
  • For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 20. It has decreased from 11.43 (Mar 24) to 0.00, marking a decrease of 11.43.
  • For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 20. It has decreased from 7.23 (Mar 24) to 0.00, marking a decrease of 7.23.
  • For Earning Retention Ratio (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 40. It has decreased from 88.57 (Mar 24) to 0.00, marking a decrease of 88.57.
  • For Cash Earning Retention Ratio (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 40. It has decreased from 92.77 (Mar 24) to 0.00, marking a decrease of 92.77.
  • For Interest Coverage Ratio (X), as of Mar 25, the value is 3.55. This value is within the healthy range. It has increased from 3.34 (Mar 24) to 3.55, marking an increase of 0.21.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 2.54. This value is below the healthy minimum of 3. It has increased from 2.20 (Mar 24) to 2.54, marking an increase of 0.34.
  • For Enterprise Value (Cr.), as of Mar 25, the value is 1,802.41. It has decreased from 2,378.24 (Mar 24) to 1,802.41, marking a decrease of 575.83.
  • For EV / Net Operating Revenue (X), as of Mar 25, the value is 0.51. This value is below the healthy minimum of 1. It has decreased from 0.75 (Mar 24) to 0.51, marking a decrease of 0.24.
  • For EV / EBITDA (X), as of Mar 25, the value is 5.10. This value is within the healthy range. It has decreased from 8.11 (Mar 24) to 5.10, marking a decrease of 3.01.
  • For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 0.49. This value is below the healthy minimum of 1. It has decreased from 0.73 (Mar 24) to 0.49, marking a decrease of 0.24.
  • For Retention Ratios (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 30. It has decreased from 88.56 (Mar 24) to 0.00, marking a decrease of 88.56.
  • For Price / BV (X), as of Mar 25, the value is 1.07. This value is within the healthy range. It has decreased from 1.65 (Mar 24) to 1.07, marking a decrease of 0.58.
  • For Price / Net Operating Revenue (X), as of Mar 25, the value is 0.49. This value is below the healthy minimum of 1. It has decreased from 0.73 (Mar 24) to 0.49, marking a decrease of 0.24.
  • For EarningsYield, as of Mar 25, the value is 0.08. This value is below the healthy minimum of 5. It has increased from 0.04 (Mar 24) to 0.08, marking an increase of 0.04.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Man Industries (India) Ltd as of November 4, 2025 is: 374.38

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 4, 2025, Man Industries (India) Ltd is Overvalued by 6.41% compared to the current share price 400.00

Intrinsic Value of Man Industries (India) Ltd as of November 4, 2025 is: 403.09

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 4, 2025, Man Industries (India) Ltd is Undervalued by 0.77% compared to the current share price 400.00

Last 5 Year EPS CAGR: 7.67%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (831.42 cr) compared to borrowings (341.25 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (1.77 cr) and profit (106.85 cr) over the years.
  1. The stock has a low average ROCE of 12.92%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 41.42, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 51.00, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Man Industries (India) Ltd:
    1. Net Profit Margin: 4.36%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 17.16% (Industry Average ROCE: 15.34%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 9.52% (Industry Average ROE: 11.65%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 2.54
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.74
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 18.5 (Industry average Stock P/E: 44.57)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.28
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Man Industries (India) Ltd. is a Public Limited Listed company incorporated on 19/05/1988 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L99999MH1988PLC047408 and registration number is 047408. Currently Company is involved in the business activities of Manufacture of tubes, pipes and hollow profiles and of tube or pipe fittings of cast-iron/cast-steel. Company's Total Operating Revenue is Rs. 3118.22 Cr. and Equity Capital is Rs. 32.37 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Steel - Tubes/PipesMAN House, 101, S.V.Road, Mumbai Maharashtra 400056cs@maninds.org
http://www.mangroup.com
Management
NamePosition Held
Mr. Ramesh C MansukhaniExecutive Chairman
Mr. Nikhil R MansukhaniManaging Director
Mr. Narendra MairpadyIndependent Director
Mrs. Renu P JalanIndependent Director
Mr. Rabi BastiaIndependent Director

FAQ

What is the intrinsic value of Man Industries (India) Ltd?

Man Industries (India) Ltd's intrinsic value (as of 04 November 2025) is 374.38 which is 6.41% lower the current market price of 400.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 2,991 Cr. market cap, FY2025-2026 high/low of 469/201, reserves of ₹1,575 Cr, and liabilities of 3,779 Cr.

What is the Market Cap of Man Industries (India) Ltd?

The Market Cap of Man Industries (India) Ltd is 2,991 Cr..

What is the current Stock Price of Man Industries (India) Ltd as on 04 November 2025?

The current stock price of Man Industries (India) Ltd as on 04 November 2025 is 400.

What is the High / Low of Man Industries (India) Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Man Industries (India) Ltd stocks is 469/201.

What is the Stock P/E of Man Industries (India) Ltd?

The Stock P/E of Man Industries (India) Ltd is 18.5.

What is the Book Value of Man Industries (India) Ltd?

The Book Value of Man Industries (India) Ltd is 248.

What is the Dividend Yield of Man Industries (India) Ltd?

The Dividend Yield of Man Industries (India) Ltd is 0.00 %.

What is the ROCE of Man Industries (India) Ltd?

The ROCE of Man Industries (India) Ltd is 16.0 %.

What is the ROE of Man Industries (India) Ltd?

The ROE of Man Industries (India) Ltd is 10.0 %.

What is the Face Value of Man Industries (India) Ltd?

The Face Value of Man Industries (India) Ltd is 5.00.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Man Industries (India) Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE