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Last Updated on: 13 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Man Industries (India) Ltd

About the Company - Man Industries (India) Ltd

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. 2094.08 Cr. and Equity Capital is Rs. 29.59 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Steel - Tubes/PipesMAN House, 101, S. V. Road, Mumbai Maharashtra 400056cs@maninds.org
http://www.mangroup.com
Management
NamePosition Held
Mr. R C MansukhaniExecutive Chairman
Mr. Nikhil R MansukhaniManaging Director
Mrs. Heena Vinay KalantriNon Executive Director
Mr. Pramod TandonIndependent Director
Mr. Narendra MairpadyIndependent Director
Mrs. Renu P JalanIndependent Director

Basic Stock Data of Man Industries (India) Ltd

Last Updated: June 12, 2024, 10:33 pm

Market Cap 2,492 Cr.
Current Price 385
High / Low459/129
Stock P/E23.7
Book Value 217
Dividend Yield0.52 %
ROCE15.3 %
ROE8.73 %
Face Value 5.00
PEG Ratio1.67

Man Industries (India) Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales5555404044906316145104656585984901,018833
Expenses487498365448572573488450599557444948768
Operating Profit67423842594122155941477065
OPM %12%8%10%9%9%7%4%3%9%7%10%7%8%
Other Income-617711416122141142114
Interest911981110991211212220
Depreciation12111111121212111111151516
Profit before tax41372534413514-34930145443
Tax %25%30%23%27%23%25%29%-63%25%14%22%28%29%
Net Profit31261924312710-53726113931
EPS in Rs5.354.533.384.295.494.481.64-0.856.194.331.876.505.09

Last Updated: June 5, 2024, 9:40 pm

Man Industries (India) Ltd Quarterly Chart

Man Industries (India) Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,7511,5141,0051,3641,3921,0601,6082,2221,7592,0802,1392,2312,764
Expenses1,5731,3229501,2501,2721,0121,4832,0441,5911,8751,9582,0942,548
Operating Profit1771925511412048125178168205181137216
OPM %10%13%5%8%9%5%8%8%10%10%8%6%8%
Other Income11-43135677253211431374050
Interest27444246563643646453374165
Depreciation41403243374039465246454552
Profit before tax1201041260934495886513713590148
Tax %41%40%27%17%7%24%33%33%15%26%25%25%
Net Profit7162950863464595610110268114
EPS in Rs12.8510.411.588.8215.145.8811.1510.309.7217.6617.1611.3118.89
Dividend Payout %16%19%63%17%10%26%13%15%10%11%0%18%

Man Industries (India) Ltd Profit & Loss Yearly Chart

Man Industries (India) Ltd Growth

Compounded Sales Growth
10 Years:12%
5 Years:7%
3 Years:15%
TTM:41%
Compounded Profit Growth
10 Years:28%
5 Years:12%
3 Years:2%
TTM:77%
Stock Price CAGR
10 Years:19%
5 Years:53%
3 Years:51%
1 Year:155%
Return on Equity
10 Years:9%
5 Years:9%
3 Years:9%
Last Year:9%

Last Updated: June 9, 2024, 10:33 am

Man Industries (India) Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital28302929292929292929303030
Reserves5846256324545385706246737188069119741,142
Borrowings59253643849535344736824429429657299209
Other Liabilities482399474522323311678648787655822425958
Total Liabilities1,6861,5901,5731,4991,2431,3561,6981,5941,8271,7861,8201,7282,338
Fixed Assets434428405416349346355396368337318489575
CWIP132319563341201453
Investments2371520310410410310210210310210330
Other Assets1,0141,1441,1471,0777719021,1761,0931,3531,3451,3791,1221,680
Total Assets1,6861,5901,5731,4991,2431,3561,6981,5941,8271,7861,8201,7282,338

Man Industries (India) Ltd Reserves and Borrowings Chart

Man Industries (India) Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 690-44324764205-75132137214-60451-119
Cash from Investing Activity -129194-29-61221-1050-464-119-135
Cash from Financing Activity -687310-208-35-18841-115-138-37-63-267209
Net Cash Flow-1266110-3119-13-88-1131-11965-45

Man Industries (India) Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days6880109130701178791931159381
Inventory Days1271555292444912647110857325
Days Payable9380162135759417412116213317470
Cash Conversion Cycle103156-187397139174167-836
Working Capital Days481171679454124644234843261
ROCE %10%17%5%10%16%8%14%16%13%17%16%10%

Man Industries (India) Ltd Financial Efficiency Indicators Chart

Man Industries (India) Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters42.62%42.62%42.62%42.62%42.62%44.70%45.69%45.68%45.68%45.68%45.68%49.61%
FIIs4.25%5.54%4.39%1.69%1.93%1.84%1.73%1.83%1.65%1.60%2.22%1.61%
DIIs0.21%0.21%0.20%0.19%0.20%0.19%0.19%0.19%0.19%0.23%0.04%0.04%
Public52.92%51.63%52.78%55.49%55.25%53.27%52.39%52.28%52.47%52.48%52.05%48.72%
No. of Shareholders35,86135,40232,87041,42940,93740,64341,97039,46638,74037,54931,53934,330

Man Industries (India) Ltd Shareholding Pattern Chart

No. of Man Industries (India) Ltd Shareholders

This stock is not held by any mutual fund

Man Industries (India) Ltd ROCE Trend

Man Industries (India) Ltd EPS Trend

Man Industries (India) Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)17.4211.3317.7817.669.72
Diluted EPS (Rs.)16.7311.3317.5216.789.72
Cash EPS (Rs.)25.6818.8624.8425.7818.88
Book Value[Excl.RevalReserv]/Share (Rs.)217.00167.08159.21146.21130.70
Book Value[Incl.RevalReserv]/Share (Rs.)217.00167.08159.21146.21130.70
Revenue From Operations / Share (Rs.)485.35371.25361.38364.29308.09
PBDIT / Share (Rs.)45.2929.4136.7841.3032.31
PBIT / Share (Rs.)35.8621.8629.1133.1723.15
PBT / Share (Rs.)22.2915.0422.8123.9411.43
Net Profit / Share (Rs.)16.2411.3117.1617.669.72
NP After MI And SOA / Share (Rs.)16.2411.3117.1617.669.72
PBDIT Margin (%)9.337.9210.1711.3310.48
PBIT Margin (%)7.385.888.059.107.51
PBT Margin (%)4.594.056.316.573.70
Net Profit Margin (%)3.343.044.744.843.15
NP After MI And SOA Margin (%)3.343.044.744.843.15
Return on Networth / Equity (%)7.486.7710.7812.077.43
Return on Capital Employeed (%)14.6411.2917.6321.6316.42
Return On Assets (%)4.353.935.585.643.03
Long Term Debt / Equity (X)0.090.120.000.000.02
Total Debt / Equity (X)0.210.290.050.330.32
Asset Turnover Ratio (%)1.521.261.191.151.03
Current Ratio (X)1.921.671.451.331.15
Quick Ratio (X)1.151.451.070.960.78
Inventory Turnover Ratio (X)6.496.634.763.613.91
Dividend Payout Ratio (NP) (%)0.0017.400.0011.3225.72
Dividend Payout Ratio (CP) (%)0.0010.440.007.7513.23
Earning Retention Ratio (%)0.0082.600.0088.6874.28
Cash Earning Retention Ratio (%)0.0089.560.0092.2586.77
Interest Coverage Ratio (X)3.344.315.844.472.86
Interest Coverage Ratio (Post Tax) (X)2.202.663.722.911.90
Enterprise Value (Cr.)2378.40682.66374.99632.81252.35
EV / Net Operating Revenue (X)0.750.300.170.300.14
EV / EBITDA (X)8.113.861.722.681.37
MarketCap / Net Operating Revenue (X)0.730.250.260.210.13
Retention Ratios (%)0.0082.590.0088.6774.27
Price / BV (X)1.650.550.600.540.31
Price / Net Operating Revenue (X)0.730.250.260.210.13
EarningsYield0.040.120.170.220.23

Man Industries (India) Ltd Profitability Ratios (%)

Man Industries (India) Ltd Liquidity Ratios

Man Industries (India) Ltd Liquidity Ratios (%)

Man Industries (India) Ltd Interest Coverage Ratios (%)

Man Industries (India) Ltd Valuation Ratios

Fair Value

Fair Value: 451.31

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.

Undervalued: 17.22% compared to the current price 385

Intrinsic Value: 515.45

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 33.88% compared to the current price ₹385

Last 5 Year EPS CAGR: 14.21%

*Investments are subject to market risks

Strength and Weakness of Man Industries (India) Ltd Stock

StrengthWeakness
  1. The company has higher reserves (711.62 cr) compared to borrowings (356.00 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (1.38 cr) and profit (91.62 cr) over the years.
  1. The stock has a low average ROCE of 12.67%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 76.75, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 53.92, which may not be favorable.

FAQ

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

The latest fair value of Man Industries (India) Ltd is ₹451.31.

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

The Market Cap of Man Industries (India) Ltd is 2,492 Cr..

What is the current Stock Price of Man Industries (India) Ltd as on 13 June 2024?

The current stock price of Man Industries (India) Ltd as on 13 June 2024 is ₹385.

What is the High / Low of Man Industries (India) Ltd stocks in FY 2024?

In FY 2024, the High / Low of Man Industries (India) Ltd stocks is 459/129.

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

The Stock P/E of Man Industries (India) Ltd is 23.7.

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

The Book Value of Man Industries (India) Ltd is 217.

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

The Dividend Yield of Man Industries (India) Ltd is 0.52 %.

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

The ROCE of Man Industries (India) Ltd is 15.3 %.

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

The ROE of Man Industries (India) Ltd is 8.73 %.

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

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

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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