Share Price and Basic Stock Data
Last Updated: November 3, 2025, 9:20 pm
| PEG Ratio | 2.41 | 
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
Man Industries (India) Ltd, operating in the steel tubes and pipes sector, reported a market capitalization of ₹3,060 Cr with a current price of ₹408 per share. The company has shown a robust sales trajectory, with total revenue rising from ₹2,139 Cr in FY 2022 to ₹2,231 Cr in FY 2023, and is projected to reach ₹3,142 Cr in FY 2024 and ₹3,505 Cr in FY 2025. The quarterly sales figures depict a significant increase, particularly in September 2023, where sales peaked at ₹1,018 Cr, reflecting a strategic recovery post the pandemic. The operating profit margin (OPM) stood at 7% for FY 2023 and is expected to improve to 9% by FY 2025, indicating enhanced operational efficiencies. The company’s revenue from operations per share rose to ₹541.45 in FY 2025, illustrating a strong upward trend in sales performance. This growth trajectory positions Man Industries favorably within a competitive landscape, where sector peers typically report varying margins and revenue growth rates.
Profitability and Efficiency Metrics
Profitability metrics for Man Industries indicate a steady improvement in financial health, with net profit rising from ₹102 Cr in FY 2022 to ₹153 Cr in FY 2025. The net profit margin for FY 2025 was reported at 4.36%, an uptick from 3.04% in FY 2023. This improvement reflects efficient cost management amidst rising operational expenses, which stood at ₹2,094 Cr in FY 2023 and are expected to reach ₹3,204 Cr in FY 2025. The return on equity (ROE) is currently at 10%, while the return on capital employed (ROCE) is reported at 16%, both of which align well with industry benchmarks. The interest coverage ratio (ICR) of 3.55x indicates that the company comfortably meets its interest obligations, providing stability in its financial operations. Additionally, with an operating profit of ₹301 Cr for FY 2025, the company demonstrates its ability to generate profits from core business activities, further solidifying its operational strength.
Balance Sheet Strength and Financial Ratios
Man Industries has maintained a sound balance sheet, with total assets reported at ₹3,779 Cr for FY 2025, an increase from ₹1,860 Cr in FY 2023. The company’s reserves stood at ₹1,575 Cr, showcasing a robust capital structure that supports growth initiatives. Borrowings have increased to ₹476 Cr, reflecting an increase in leverage; however, the total debt to equity ratio remains manageable at 0.28x. The book value per share has risen to ₹248.26, enhancing shareholder equity. The current ratio of 1.39x signifies sufficient liquidity to meet short-term liabilities, while the quick ratio of 0.74x indicates a more conservative position regarding immediate liquidity. These ratios suggest that while Man Industries is leveraging debt for growth, it is doing so prudently, ensuring that financial stability is not compromised.
Shareholding Pattern and Investor Confidence
The shareholding structure of Man Industries reflects a diverse investor base, with promoters holding 43.21% as of July 2025, down from 49.61% in September 2023. This decline indicates a potential dilution of promoter control, which could affect investor sentiment. Foreign institutional investors (FIIs) have increased their stake to 2.35%, while domestic institutional investors (DIIs) hold 1.75%. The public shareholding stands at 52.68%, indicating a healthy level of retail participation. The number of shareholders has risen to 56,856, suggesting growing investor interest. However, the fluctuation in promoter holdings may raise concerns about long-term commitment to the company’s strategic direction. This mixed ownership can lead to volatility in stock price movements, as changes in institutional investor sentiment can significantly impact market confidence.
Outlook, Risks, and Final Insight
Looking ahead, Man Industries is positioned to capitalize on the increasing demand for steel pipes and tubes, particularly in infrastructure projects. However, risks include potential fluctuations in raw material prices, which can impact profit margins, and the company’s increasing leverage, which may strain cash flows in adverse market conditions. Additionally, the decline in promoter shareholding could lead to governance concerns, affecting market perception. The company’s ability to sustain profitability will depend on managing operational efficiencies and maintaining a balanced capital structure. In a scenario where market conditions remain favorable, supported by government infrastructure spending, Man Industries could see enhanced profitability and shareholder returns. Conversely, any adverse regulatory changes or significant market disruptions could pose substantial risks to its growth trajectory.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
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 | 5.91 | 0.00 % | % | % | 5.00 | |
| Hariom Pipe Industries Ltd | 1,381 Cr. | 447 | 670/301 | 20.4 | 185 | 0.14 % | 14.1 % | 11.9 % | 10.0 | 
| Earthstahl & Alloys Ltd | 30.0 Cr. | 24.5 | 49.5/20.3 | 56.6 | 30.6 | 0.00 % | 3.58 % | 1.43 % | 10.0 | 
| Crimson Metal Engineering Company Ltd | 15.0 Cr. | 33.8 | 33.8/10.8 | 136 | 12.6 | 0.00 % | 8.11 % | 2.35 % | 10.0 | 
| Welspun Corp Ltd | 25,136 Cr. | 953 | 995/650 | 14.2 | 311 | 0.52 % | 21.2 % | 18.6 % | 5.00 | 
| Industry Average | 10,324.92 Cr | 561.03 | 44.57 | 156.14 | 0.38% | 15.34% | 11.65% | 4.69 | 
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | 
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 510 | 465 | 658 | 598 | 490 | 1,018 | 833 | 811 | 749 | 806 | 732 | 1,218 | 742 | 
| Expenses | 488 | 450 | 599 | 557 | 444 | 948 | 768 | 752 | 711 | 742 | 653 | 1,097 | 693 | 
| Operating Profit | 22 | 15 | 59 | 41 | 47 | 70 | 65 | 58 | 38 | 64 | 79 | 121 | 49 | 
| OPM % | 4% | 3% | 9% | 7% | 10% | 7% | 8% | 7% | 5% | 8% | 11% | 10% | 7% | 
| Other Income | 12 | 2 | 14 | 11 | 4 | 21 | 14 | 14 | 20 | 11 | 6 | 15 | 31 | 
| Interest | 9 | 9 | 12 | 6 | 21 | 22 | 20 | 25 | 18 | 21 | 26 | 35 | 30 | 
| Depreciation | 12 | 11 | 11 | 11 | 15 | 15 | 16 | 15 | 13 | 11 | 11 | 11 | 13 | 
| Profit before tax | 14 | -3 | 49 | 34 | 14 | 54 | 43 | 32 | 28 | 43 | 47 | 91 | 38 | 
| Tax % | 29% | 63% | 25% | 12% | 22% | 28% | 29% | 26% | 31% | 26% | 27% | 25% | 28% | 
| Net Profit | 10 | -5 | 37 | 30 | 11 | 39 | 31 | 24 | 19 | 32 | 34 | 68 | 28 | 
| EPS in Rs | 1.64 | -0.85 | 6.19 | 4.96 | 1.87 | 6.50 | 5.09 | 3.73 | 2.94 | 4.92 | 5.27 | 10.53 | 4.11 | 
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.
Profit & Loss - Annual Report
Last Updated: October 15, 2025, 4:53 am
| Metric | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | 
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,005 | 1,364 | 1,392 | 1,060 | 1,608 | 2,222 | 1,759 | 2,080 | 2,139 | 2,231 | 3,142 | 3,505 | 3,499 | 
| Expenses | 950 | 1,250 | 1,272 | 1,012 | 1,483 | 2,044 | 1,591 | 1,875 | 1,958 | 2,094 | 2,901 | 3,204 | 3,186 | 
| Operating Profit | 55 | 114 | 120 | 48 | 125 | 178 | 168 | 205 | 181 | 137 | 241 | 301 | 313 | 
| OPM % | 5% | 8% | 9% | 5% | 8% | 8% | 10% | 10% | 8% | 6% | 8% | 9% | 9% | 
| Other Income | 31 | 35 | 67 | 72 | 53 | 21 | 14 | 31 | 37 | 39 | 52 | 52 | 63 | 
| Interest | 42 | 46 | 56 | 36 | 43 | 64 | 64 | 53 | 37 | 41 | 88 | 100 | 112 | 
| Depreciation | 32 | 43 | 37 | 40 | 39 | 46 | 52 | 46 | 45 | 46 | 61 | 45 | 45 | 
| Profit before tax | 12 | 60 | 93 | 44 | 95 | 88 | 65 | 137 | 135 | 89 | 144 | 208 | 219 | 
| Tax % | 27% | 17% | 7% | 24% | 33% | 33% | 15% | 26% | 25% | 25% | 27% | 26% | |
| Net Profit | 9 | 50 | 86 | 34 | 64 | 59 | 56 | 101 | 102 | 67 | 105 | 153 | 162 | 
| EPS in Rs | 1.58 | 8.82 | 15.14 | 5.88 | 11.15 | 10.30 | 9.72 | 17.66 | 17.16 | 11.15 | 16.24 | 23.66 | 24.83 | 
| Dividend Payout % | 63% | 17% | 10% | 26% | 13% | 15% | 10% | 11% | 0% | 0% | 12% | 0% | 
YoY Net Profit Growth
| Year | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | 
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 29 | 29 | 29 | 29 | 29 | 29 | 29 | 29 | 30 | 30 | 32 | 32 | 
| Reserves | 632 | 454 | 538 | 570 | 624 | 673 | 718 | 806 | 913 | 1,102 | 1,372 | 1,575 | 
| Borrowings | 438 | 495 | 353 | 447 | 368 | 244 | 294 | 296 | 57 | 301 | 326 | 476 | 
| Other Liabilities | 474 | 522 | 323 | 311 | 678 | 648 | 787 | 655 | 821 | 427 | 684 | 1,696 | 
| Total Liabilities | 1,573 | 1,499 | 1,243 | 1,356 | 1,698 | 1,594 | 1,827 | 1,786 | 1,820 | 1,860 | 2,415 | 3,779 | 
| Fixed Assets | 405 | 416 | 349 | 346 | 355 | 396 | 368 | 337 | 318 | 553 | 605 | 643 | 
| CWIP | 2 | 3 | 19 | 5 | 63 | 3 | 4 | 1 | 20 | 14 | 31 | 133 | 
| Investments | 20 | 3 | 104 | 104 | 103 | 102 | 102 | 103 | 102 | 0 | 228 | 26 | 
| Other Assets | 1,147 | 1,077 | 771 | 902 | 1,176 | 1,093 | 1,353 | 1,345 | 1,379 | 1,293 | 1,552 | 2,977 | 
| Total Assets | 1,573 | 1,499 | 1,243 | 1,356 | 1,698 | 1,594 | 1,827 | 1,786 | 1,820 | 1,860 | 2,415 | 3,779 | 
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.
Cash Flow - No data available for this post.
Free Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | 
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | -383.00 | -381.00 | -233.00 | -399.00 | -243.00 | -66.00 | -126.00 | -91.00 | 124.00 | -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.
Financial Efficiency Indicators
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | 
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 109 | 130 | 70 | 117 | 87 | 91 | 93 | 115 | 93 | 81 | 41 | 93 | 
| Inventory Days | 52 | 92 | 44 | 49 | 126 | 47 | 110 | 85 | 73 | 84 | 98 | 169 | 
| Days Payable | 162 | 135 | 75 | 94 | 174 | 121 | 162 | 133 | 174 | 70 | 76 | 160 | 
| Cash Conversion Cycle | -1 | 87 | 39 | 71 | 39 | 17 | 41 | 67 | -8 | 95 | 63 | 102 | 
| Working Capital Days | 128 | 62 | 34 | 46 | 25 | 17 | -14 | 34 | 23 | 69 | 33 | 40 | 
| ROCE % | 5% | 10% | 16% | 8% | 14% | 16% | 13% | 17% | 16% | 10% | 14% | 16% | 
This stock is not held by any mutual fund.
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 | 
|---|---|---|---|---|---|
| FaceValue | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 
| Basic EPS (Rs.) | 23.66 | 17.42 | 11.33 | 17.78 | 17.66 | 
| Diluted EPS (Rs.) | 22.78 | 16.73 | 11.33 | 17.52 | 16.78 | 
| Cash EPS (Rs.) | 30.65 | 25.68 | 18.86 | 24.84 | 25.78 | 
| Book Value[Excl.RevalReserv]/Share (Rs.) | 248.26 | 217.02 | 167.08 | 159.21 | 146.21 | 
| Book Value[Incl.RevalReserv]/Share (Rs.) | 248.26 | 217.02 | 167.08 | 159.21 | 146.21 | 
| Revenue From Operations / Share (Rs.) | 541.45 | 485.39 | 371.25 | 361.38 | 364.29 | 
| PBDIT / Share (Rs.) | 54.56 | 45.30 | 29.41 | 36.78 | 41.30 | 
| PBIT / Share (Rs.) | 47.57 | 35.86 | 21.86 | 29.11 | 33.17 | 
| PBT / Share (Rs.) | 32.18 | 22.29 | 15.04 | 22.81 | 23.94 | 
| Net Profit / Share (Rs.) | 23.66 | 16.24 | 11.31 | 17.16 | 17.66 | 
| NP After MI And SOA / Share (Rs.) | 23.66 | 16.24 | 11.31 | 17.16 | 17.66 | 
| PBDIT Margin (%) | 10.07 | 9.33 | 7.92 | 10.17 | 11.33 | 
| PBIT Margin (%) | 8.78 | 7.38 | 5.88 | 8.05 | 9.10 | 
| PBT Margin (%) | 5.94 | 4.59 | 4.05 | 6.31 | 6.57 | 
| Net Profit Margin (%) | 4.36 | 3.34 | 3.04 | 4.74 | 4.84 | 
| NP After MI And SOA Margin (%) | 4.36 | 3.34 | 3.04 | 4.74 | 4.84 | 
| Return on Networth / Equity (%) | 9.52 | 7.48 | 6.77 | 10.78 | 12.07 | 
| Return on Capital Employeed (%) | 17.16 | 14.64 | 11.29 | 17.63 | 21.63 | 
| Return On Assets (%) | 4.05 | 4.35 | 3.93 | 5.58 | 5.64 | 
| Long Term Debt / Equity (X) | 0.08 | 0.09 | 0.12 | 0.00 | 0.00 | 
| Total Debt / Equity (X) | 0.28 | 0.21 | 0.29 | 0.05 | 0.33 | 
| Asset Turnover Ratio (%) | 1.13 | 1.52 | 1.26 | 1.19 | 1.15 | 
| Current Ratio (X) | 1.39 | 1.92 | 1.67 | 1.45 | 1.33 | 
| Quick Ratio (X) | 0.74 | 1.15 | 1.45 | 1.07 | 0.96 | 
| Inventory Turnover Ratio (X) | 2.44 | 6.49 | 6.63 | 4.76 | 3.61 | 
| Dividend Payout Ratio (NP) (%) | 0.00 | 11.43 | 17.40 | 0.00 | 11.32 | 
| Dividend Payout Ratio (CP) (%) | 0.00 | 7.23 | 10.44 | 0.00 | 7.75 | 
| Earning Retention Ratio (%) | 0.00 | 88.57 | 82.60 | 0.00 | 88.68 | 
| Cash Earning Retention Ratio (%) | 0.00 | 92.77 | 89.56 | 0.00 | 92.25 | 
| Interest Coverage Ratio (X) | 3.55 | 3.34 | 4.31 | 5.84 | 4.47 | 
| Interest Coverage Ratio (Post Tax) (X) | 2.54 | 2.20 | 2.66 | 3.72 | 2.91 | 
| Enterprise Value (Cr.) | 1802.41 | 2378.24 | 682.66 | 374.99 | 632.81 | 
| EV / Net Operating Revenue (X) | 0.51 | 0.75 | 0.30 | 0.17 | 0.30 | 
| EV / EBITDA (X) | 5.10 | 8.11 | 3.86 | 1.72 | 2.68 | 
| MarketCap / Net Operating Revenue (X) | 0.49 | 0.73 | 0.25 | 0.26 | 0.21 | 
| Retention Ratios (%) | 0.00 | 88.56 | 82.59 | 0.00 | 88.67 | 
| Price / BV (X) | 1.07 | 1.65 | 0.55 | 0.60 | 0.54 | 
| Price / Net Operating Revenue (X) | 0.49 | 0.73 | 0.25 | 0.26 | 0.21 | 
| EarningsYield | 0.08 | 0.04 | 0.12 | 0.17 | 0.22 | 
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.
Strength and Weakness
| Strength | Weakness | 
|---|---|
  | 
  | 
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:
-  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.
 
 -  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.
 
 -  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.
 
 -  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.
 
 -  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.
 
 -  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.
 
 -  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.
 
 
Stock Rating: -  Net Profit Margin: 4.36%
 
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT | 
|---|---|---|
| Steel - Tubes/Pipes | MAN House, 101, S.V.Road, Mumbai Maharashtra 400056 | cs@maninds.org http://www.mangroup.com  | 
| Management | |
|---|---|
| Name | Position Held | 
| Mr. Ramesh C Mansukhani | Executive Chairman | 
| Mr. Nikhil R Mansukhani | Managing Director | 
| Mr. Narendra Mairpady | Independent Director | 
| Mrs. Renu P Jalan | Independent Director | 
| Mr. Rabi Bastia | Independent 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.
