Man Industries
NSE: MANINDS · Iron & Steel Products
Snapshot
Unlock Man Industries's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Man Industries (India) Limited is a manufacturer and exporter specialising in longitudinal and helically submerged arc welded (LSAW and HSAW) pipes. The company serves critical infrastructure sectors including oil, gas, petrochemicals, water supply, and agriculture.
Business Model
The company generates revenue through the manufacturing, processing, and trading of steel pipes and advanced coating systems. It operates by fulfilling orders for large-scale infrastructure projects across both domestic and international markets.
- Incorporation Year:1988
Growth Outlook
Growth is driven by increasing demand for high-pressure pipeline infrastructure in the oil and gas sector and expanding water transportation projects. The company leverages its diverse coating capabilities to cater to specific technical requirements of global clients.
Key Risks
- Raw Material Price Volatility. Fluctuations in steel prices can significantly impact manufacturing margins and overall profitability.
- Cyclical Infrastructure Demand. The company's performance is highly dependent on the capital expenditure cycles of the oil, gas, and water infrastructure sectors.
- Geopolitical and Export Risks. As an exporter, the company is exposed to international trade barriers, currency fluctuations, and geopolitical instability in target markets.
- Regulatory and Environmental Compliance. Stringent environmental regulations regarding steel manufacturing processes may lead to increased operational costs.
Price
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Key Metrics
REVENUE
₹3,564 Cr
TTM · consolidated
NET PROFIT
₹170 Cr
TTM · consolidated
EPS
₹23.60
TTM · consolidated
RETURN ON EQUITY
9.9%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
19.9%
TTM · consolidated
P/E
23.0x
Q4 FY26 · consolidated
EV/EBITDA
9.4x
Q4 FY26 · consolidated
EBITDA MARGIN
13.1%
TTM · consolidated
NET PROFIT MARGIN
4.4%
Q4 FY26 · consolidated
DEBT TO EQUITY
0.2x
Q4 FY26 · consolidated
Peers · Iron & Steel Products
| Company | Mkt Cap (Cr) | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Man IndustriesMANINDS | 2,531 | 23.02 | 9.41 | 1.7% | 13.1% | 9.9% | 19.9% | +26.7% |
Kalyani Steels LimitedKSL | 2,866 | 15.54 | 10.46 | -6.9% | 22.8% | 13.3% | 17.8% | -0.8% |
Sambhv SteelSAMBHV | 2,819 | 23.70 | 13.63 | — | 11.7% | 22.4% | 23.7% | -3.2% |
Vardhman SpecialVSSL | 2,249 | 22.81 | 14.18 | -0.6% | 11.9% | 13.3% | 18.7% | +12.1% |
Shivalik BimetalSBCL | 2,204 | 43.39 | 29.47 | 12.3% | 25.0% | 22.6% | 28.7% | +25.2% |
Venus PipesVENUSPIPES | 2,000 | 36.48 | 19.96 | 21.7% | 17.3% | 18.0% | 28.5% | +11.4% |
As of Q4 FY26
Financials
Man Industries
NSE: MANINDS · Iron & Steel Products
Snapshot
Unlock Man Industries's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Man Industries (India) Limited is a manufacturer and exporter specialising in longitudinal and helically submerged arc welded (LSAW and HSAW) pipes. The company serves critical infrastructure sectors including oil, gas, petrochemicals, water supply, and agriculture.
Business Model
The company generates revenue through the manufacturing, processing, and trading of steel pipes and advanced coating systems. It operates by fulfilling orders for large-scale infrastructure projects across both domestic and international markets.
- Incorporation Year:1988
Growth Outlook
Growth is driven by increasing demand for high-pressure pipeline infrastructure in the oil and gas sector and expanding water transportation projects. The company leverages its diverse coating capabilities to cater to specific technical requirements of global clients.
Key Risks
- Raw Material Price Volatility. Fluctuations in steel prices can significantly impact manufacturing margins and overall profitability.
- Cyclical Infrastructure Demand. The company's performance is highly dependent on the capital expenditure cycles of the oil, gas, and water infrastructure sectors.
- Geopolitical and Export Risks. As an exporter, the company is exposed to international trade barriers, currency fluctuations, and geopolitical instability in target markets.
- Regulatory and Environmental Compliance. Stringent environmental regulations regarding steel manufacturing processes may lead to increased operational costs.
Price
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Start your research today
Unlock AI insights, financials, peers and live data on Man Industries and 5,000+ companies — free.
Key Metrics
REVENUE
₹3,564 Cr
TTM · consolidated
NET PROFIT
₹170 Cr
TTM · consolidated
EPS
₹23.60
TTM · consolidated
RETURN ON EQUITY
9.9%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
19.9%
TTM · consolidated
P/E
23.0x
Q4 FY26 · consolidated
EV/EBITDA
9.4x
Q4 FY26 · consolidated
EBITDA MARGIN
13.1%
TTM · consolidated
NET PROFIT MARGIN
4.4%
Q4 FY26 · consolidated
DEBT TO EQUITY
0.2x
Q4 FY26 · consolidated
Peers · Iron & Steel Products
As of Q4 FY26