Man Industries (India) Latest Share Price (MANINDS)
TODAY IN ONE LINE
MANINDS edged up 0.5% on light volume, in line with Nifty's -0.3% move.
With a market cap of ₹4,184.78 Cr., it trades at a P/E of 24.23. Track live valuations, technical indicators, and peers comparison below. Check delivery conviction and recent filings to build your view.
How good is this company?
Overall performance across 5 key dimensions.
Man Industries (India) flags & news
Key strengths, potential risks, and recent updates.
Green Flags
- ●High Capital EfficiencyROCE of 16.2% indicating pricing power
- ●Zero Pledge RiskNo recent active promoter pledging found
Red Flags
- ●Earnings DeclineEPS (TTM) has contracted by 20.6% YoY
- ●Sales ContractionQuarterly sales dropped 5.0% YoY
- ●Poor Capital ReturnsLow ROE of 9.2%
- ●Rising Receivables vs SalesReceivables grew 141.7% outpacing sales growth of 11.6%
Latest Man Industries (India) News
What changed recently?
Recent events, corporate actions, and announcements.
Man Industries (India) Limited valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Man Industries (India) Limited, framed against the sector median so the premium or discount is obvious at a glance.
Man Industries (India) Limited trades at a P/E of 24.23× and P/B of 1.98×.
Market-priced ratios use the latest available quote; accounting metrics use the latest reported filing. Compare values with matched peers and the company's own history.
Valuation
Profitability
Growth
Financial Health
Man Industries (India) Limited technical analysis: indicators, pivots and CPR.
Latest RSI, MACD and moving-average signals plus the latest pivot and Central Pivot Range levels for Man Industries (India) Limited — derived from the latest tape, not yesterday's close.
Man Industries (India) Limited last traded at ₹555.05 with an intraday range of ₹548–₹564.9 — latest indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Last: ₹555.05| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 597.77 | +42.72 | +7.70% |
| R3 | 580.87 | +25.82 | +4.65% |
| R2 | 572.88 | +17.83 | +3.21% |
| R1 | 563.97 | +8.92 | +1.61% |
| PIVOT | 555.98 | 0.93 | 0.17% |
| CURRENT | 555.05 | — | — |
| S1 | 547.07 | -7.98 | -1.44% |
| S2 | 539.08 | -15.97 | -2.88% |
| S3 | 530.17 | -24.88 | -4.48% |
| S4 | 513.27 | -41.78 | -7.53% |
MANINDS is trading Below CPR, indicating Bearishness
CPR is Average
Day's range: ₹548–₹559.4
Trading Above opening range, showing Bullishness
Man Industries (India) Limited financials: P&L, balance sheet, cash flow, ratios.
Reported annual and quarterly results for Man Industries (India) Limited — consolidated or standalone — with margins, YoY growth and key ratios inline.
Man Industries (India) Limited reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹4,184.78 Cr. and reported EPS of ₹23.24.
| Metric | Mar 2025 | Mar 2026 |
|---|---|---|
| Revenue from Operations | 3,505 | 3,564 ▲ 1.7% |
| Sales Growth YoY %Derived | 11.56% | 1.67% |
| Other Income | 52 | 29 ▼ 44.8% |
| Total Income | 3,557 | 3,592 ▲ 1.0% |
| 2,735 | 2,229 ▼ 18.5% | |
| Gross ProfitDerived | 771 | 1,335 ▲ 73.3% |
| Gross Margin %Derived | 21.98% | 37.47% |
| 469 | 896 ▲ 91.0% | |
| EBITDA (Operating Profit)Derived | 301 | 439 ▲ 45.7% |
| OPM %Derived | 8.60% | 12.33% |
| 145 | 231 ▲ 59.4% | |
| Profit Before Tax (PBT) | 208 | 237 ▲ 13.7% |
| 55 | 66 ▲ 20.4% | |
| Effective Tax %Derived | 26.48% | 28.05% |
| Total Profit for Period | 153 | 170 ▲ 11.3% |
| Net Profit (Owner's PAT)Derived | 153 | 170 ▲ 11.3% |
| Net Profit Margin %Derived | 4.37% | 4.78% |
| PAT Growth YoY %Derived | 45.68% | 11.30% |
| Earnings Per Share (EPS ₹) | 23.66 | 22.73 ▼ 3.9% |
| Diluted Shares Outstanding (Cr) | 6 | 8 ▲ 15.9% |
| Other Comprehensive Income (Net of Tax) | 5 | 13 ▲ 158.1% |
| Total Expenses (incl. D&A & Interest) | 3,349 | 3,356 ▲ 0.2% |
| Material Cost % of RevenueDerived | 66.63% | 62.21% |
| Employee Cost % of RevenueDerived | 2.20% | 2.58% |
| Other Cost % of RevenueDerived | 11.18% | 22.56% |
| Interest Coverage (x)Derived | 2.57x | 2.37x |
| Period | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 1,608 | 2,222 ▲ 38.2% | 1,759 ▼ 20.8% | 2,080 ▲ 18.2% | 2,139 ▲ 2.8% | 2,231 ▲ 4.3% | 3,142 ▲ 40.8% | 3,505 ▲ 11.6% | 3,564 ▲ 1.7% | |
| Sales Growth YoY %Derived | — | 38.21% | -20.81% | 18.24% | 2.81% | 4.34% | 40.82% | 11.56% | 1.67% | |
| Other Income | 57 | 21 ▼ 63.6% | 17 ▼ 19.9% | 31 ▲ 85.9% | 37 ▲ 20.5% | 40 ▲ 6.7% | 52 ▲ 31.6% | 52 ▼ 0.4% | 29 ▼ 44.8% | |
| Total Income | 1,664 | 2,242 ▲ 34.7% | 1,776 ▼ 20.8% | 2,111 ▲ 18.9% | 2,176 ▲ 3.1% | 2,271 ▲ 4.4% | 3,194 ▲ 40.7% | 3,557 ▲ 11.4% | 3,592 ▲ 1.0% | |
1,209 | 1,697 ▲ 40.3% | 1,263 ▼ 25.6% | 1,404 ▲ 11.2% | 1,583 ▲ 12.8% | 1,773 ▲ 12.0% | 2,403 ▲ 35.6% | 2,735 ▲ 13.8% | 2,229 ▼ 18.5% | ||
| Gross ProfitDerived | 398 | 525 ▲ 31.7% | 496 ▼ 5.4% | 676 ▲ 36.3% | 555 ▼ 17.9% | 458 ▼ 17.5% | 739 ▲ 61.2% | 771 ▲ 4.3% | 1,335 ▲ 73.3% | |
| Gross Margin %Derived | 24.78% | 23.62% | 28.20% | 32.50% | 25.97% | 20.54% | 23.51% | 21.98% | 37.47% | |
274 | 346 ▲ 26.2% | 328 ▼ 5.1% | 471 ▲ 43.5% | 375 ▼ 20.4% | 321 ▼ 14.3% | 498 ▲ 54.9% | 469 ▼ 5.7% | 896 ▲ 91.0% | ||
| EBITDA (Operating Profit)Derived | 125 | 179 ▲ 43.8% | 168 ▼ 6.2% | 205 ▲ 22.1% | 181 ▼ 11.9% | 137 ▼ 24.0% | 241 ▲ 75.8% | 301 ▲ 25.0% | 439 ▲ 45.7% | |
| OPM %Derived | 7.75% | 8.06% | 9.55% | 9.86% | 8.44% | 6.15% | 7.68% | 8.60% | 12.33% | |
79 | 111 ▲ 41.6% | 114 ▲ 2.7% | 99 ▼ 13.2% | 83 ▼ 16.6% | 86 ▲ 4.4% | 149 ▲ 72.4% | 145 ▼ 2.7% | 231 ▲ 59.4% | ||
| Profit Before Tax (PBT) | 95 | 88 ▼ 7.3% | 65 ▼ 26.2% | 137 ▲ 109.5% | 135 ▼ 1.3% | 90 ▼ 33.0% | 144 ▲ 59.7% | 208 ▲ 44.4% | 237 ▲ 13.7% | |
32 | 30 ▼ 7.1% | 10 ▼ 67.0% | 36 ▲ 267.2% | 33 ▼ 6.8% | 22 ▼ 33.0% | 39 ▲ 75.0% | 55 ▲ 40.9% | 66 ▲ 20.4% | ||
| Effective Tax %Derived | 33.40% | 33.46% | 14.96% | 26.22% | 24.74% | 24.76% | 27.14% | 26.48% | 28.05% | |
| Total Profit for Period | 64 | 59 ▼ 7.4% | 56 ▼ 5.7% | 101 ▲ 81.7% | 102 ▲ 0.7% | 68 ▼ 33.1% | 105 ▲ 54.6% | 153 ▲ 45.7% | 170 ▲ 11.3% | |
| Net Profit (Owner's PAT)Derived | 64 | 59 ▼ 7.4% | 56 ▼ 5.7% | 101 ▲ 81.7% | 102 ▲ 0.7% | 68 ▼ 33.1% | 105 ▲ 54.6% | 153 ▲ 45.7% | 170 ▲ 11.3% | |
| Net Profit Margin %Derived | 3.95% | 2.65% | 3.15% | 4.85% | 4.75% | 3.05% | 3.35% | 4.37% | 4.78% | |
| PAT Growth YoY %Derived | — | -7.37% | -5.68% | 81.71% | 0.72% | -33.06% | 54.62% | 45.68% | 11.30% | |
| Earnings Per Share (EPS ₹) | 11.12 | 10.30 ▼ 7.4% | 9.72 ▼ 5.6% | 17.66 ▲ 81.7% | 17.16 ▼ 2.8% | 11.31 ▼ 34.1% | 16.24 ▲ 43.6% | 23.66 ▲ 45.7% | 22.73 ▼ 3.9% | |
| Diluted Shares Outstanding (Cr) | 6 | 6 ▲ 0.0% | 6 ▲ 0.0% | 6 ▲ 0.0% | 6 ▲ 3.6% | 6 ▲ 1.6% | 6 ▲ 7.7% | 6 ▲ 0.0% | 8 ▲ 15.9% | |
| Other Comprehensive Income (Net of Tax) | 1 | 2 ▲ 309.3% | 7 ▲ 205.0% | -3 ▼ 138.9% | -4 ▼ 67.9% | 3 ▲ 178.0% | 1 ▼ 63.0% | 5 ▲ 296.9% | 13 ▲ 158.1% | |
| Total Expenses (incl. D&A & Interest) | 1,569 | 2,154 ▲ 37.3% | 1,711 ▼ 20.6% | 1,974 ▲ 15.4% | 2,041 ▲ 3.4% | 2,181 ▲ 6.8% | 3,050 ▲ 39.9% | 3,349 ▲ 9.8% | 3,356 ▲ 0.2% | |
| Material Cost % of RevenueDerived | 83.34% | 68.41% | 66.30% | 61.66% | 71.79% | 65.27% | 79.16% | 66.63% | 62.21% | |
| Employee Cost % of RevenueDerived | 2.88% | 2.51% | 3.18% | 2.64% | 2.53% | 2.69% | 2.19% | 2.20% | 2.58% | |
| Other Cost % of RevenueDerived | 14.16% | 13.05% | 15.48% | 20.00% | 14.99% | 11.71% | 13.64% | 11.18% | 22.56% | |
| Interest Coverage (x)Derived | 1.98x | 2.04x | 1.79x | 3.01x | 3.62x | 2.24x | 2.05x | 2.57x | 2.37x |
Man Industries (India) segment analysis : revenue and profit mix.
Disclosed business segments at Man Industries (India) with their share of revenue and profit, switchable between consolidated and standalone reporting.
Man Industries (India) discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
The Bull, Bear, and Flip case for Man Industries (India) Limited.
Our AI distills the core fundamental drivers supporting Man Industries (India) Limited, the risks that threaten it, and the quantitative conditions that could weaken the thesis.
Man Industries (India) Limited's investment case rests on 10 positive markers and 10 flagged concerns drawn from the latest reported filings.
What you're getting.
Operating margin 12.30% quarterly exceeds peer median, demonstrating pricing power in SAW pipes.
Conservative debt-to-equity ratio 0.30x maintains financial flexibility and balance sheet stability.
Book value per share ₹287.23 provides tangible asset backing for equity investors.
Operating cash flow ₹292.87 Cr (FY26) exceeds net profit, signaling strong cash conversion.
Forward P/E 8.35x signals meaningful valuation upside versus current P/E 25.68x.
Key Risks.
Latest quarterly EPS declined 25.4% YoY despite revenue stability, raising earnings quality concerns.
TTM EPS declined 20.6% YoY, reflecting concerning earnings contraction trend despite FY26 recovery.
Net profit margin 4.78% lags peer median, indicating compression risk and operational challenges.
TTM revenue declined 5% YoY, signaling sector headwinds and underlying demand weakness.
Zero dividend yield and volatile free cash flow signals limited income appeal and liquidity stress.
Flip Conditions.
Valuation risk. a P/E above 31 would leave less room for earnings disappointment.
Reassess if quarterly profit growth turns negative for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 1.00. Balance sheet risk re-prices growth multiples fast.
Return-quality risk. ROE below 8% would indicate weaker capital compounding.
Man Industries (India) Limited peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Man Industries (India) Limited is highlighted for quick read-across.
Quick Compare
Peer Comparison
| Company Name |
|---|
Man Industries (India) Limited chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for Man Industries (India) Limited — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
- 1Pick how to scan. Detection sets sensitivity — Daily (standard) → Weekly (big swings). History sets how far back to look.
- 2Read the summary. The tiles at the top give the current read: net bias, the strongest pattern, and the one nearest to triggering.
- 3Scan the list. Use the Actionable, Watchlist, and History tabs to browse patterns. Click a pattern card to focus it.
- 4Inspect on the chart. Focusing draws the pattern’s pivots plus its break (blue), target (amber) and invalidation lines.
- 5Filter to what matters. Use the status controls (Confirmed, Forming, Invalidated) to hide noise and find exactly what you are looking for.
Pattern history — every completed pattern and its outcome
Man Industries (India) Limited delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Man Industries (India) Limited over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Man Industries (India) Limited stood at 62.4% of traded volume, against a 20-day average of 50.0%.
Man Industries (India) announcements: results, concalls, ratings, M&A.
Filings Man Industries (India) sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Man Industries (India) files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 167 documents below.
Copy of Newspaper Publication
Man Industries (India) Limited has informed the Exchange about Copy of Newspaper Publication
Certificate under SEBI (Depositories and Participants) Regulations, 2018
Man Industries (India) Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018
Analysts/Institutional Investor Meet/Con. Call Updates
Man Industries (India) Limited has informed the Exchange about Schedule of meet
Analysts/Institutional Investor Meet/Con. Call Updates
Man Industries (India) Limited has informed the Exchange about Schedule of meet
Analysts/Institutional Investor Meet/Con. Call Updates
Man Industries (India) Limited has informed the Exchange about Schedule of meet
Investor decks & rating reports.
Man Industries (India) dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Man Industries (India) has declared, sequenced by announce and record date.
Man Industries (India) corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
Man Industries (India) insider trading: promoter and management activity.
Promoter, director and designated-employee transactions in Man Industries (India) as reported to SEBI — buying and selling signals from the people who know the business best.
Man Industries (India) insider activity below tracks 4 reported promoter, director and designated-employee transactions under SEBI Regulation 7(2).
| Insider | Category | Txn Date | Action | Quantity | Value (₹) | Price |
|---|---|---|---|---|---|---|
| MAN FINANCE PRIVATE LIMITED | Insider | 28 May 2025 | buy | +25.00 L | ₹45.88 Cr. | ₹183.50 |
| Man Finance Private Limited | Insider | 07 Mar 2025 | buy | +9.4 K | ₹25.17 L | ₹268.78 |
| Man Finance Private Limited | Insider | 04 Mar 2025 | buy | +9.2 K | ₹20 L | ₹217.96 |
| Man Finance Private Limited | Insider | 03 Mar 2025 | buy | +20.0 K | ₹41.47 L | ₹207.36 |
About Man Industries (India) Limited: business, sector, key facts.
What Man Industries (India) Limited does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Man Industries (India) Limited operates in the Iron & Steel Products industry under the Capital Goods sector, listed as NSE: MANINDS, BSE: 513269.
Man Industries (India) Limited is a prominent player in India's steel manufacturing and trading sector, specializing in the production and processing of high-quality submerged arc welded (SAW) pipes and related steel products. Their core competency lies in the creation of durable and reliable pipes intended for a variety of demanding applications across several key industries.
The company's product portfolio is diverse and caters to a broad spectrum of customer needs. This includes a comprehensive range of SAW pipes, encompassing both longitudinal and helically welded varieties. These pipes are specifically designed for use in critical infrastructure projects within the oil, gas, petrochemical, water dredging, and fertilizer sectors, highlighting the company's focus on serving industries requiring robust and reliable piping solutions.
Beyond the manufacturing of the pipes themselves, Man Industries offers a complete suite of value-added services. This involves sophisticated coating systems designed to enhance the longevity and performance of their products. These coatings include internal blasting and painting, coal tar enamel application, and various polymeric coatings such as fusion bonded epoxy, 3-layer polyethylene, and 3-layer polypropylene. These coatings are crucial for protecting the pipes from corrosion and environmental degradation, extending their operational lifespan and ensuring efficient performance in challenging environments.
Further expanding their product offerings, Man Industries also manufactures and supplies ERW pipes (electric resistance welded), steel bends, and stainless steel components. This diversification strengthens their market position by providing a wider range of solutions to their clients and catering to the varied demands of different projects. The company actively participates in international markets, exporting a significant portion of its production to global customers, thereby demonstrating its competitive edge in both domestic and international markets.
Established in 1988 and headquartered in Mumbai, Man Industries has a long history of supplying high-quality steel products to a wide array of industries. Their integrated approach to manufacturing, encompassing pipe production, coating application, and diverse product offerings, positions them as a significant and reliable supplier within the Indian and global steel industry.
Related
Peers, sector trends, screeners and strategy playbooks contextual to this stock.
- Aeroflex Enterprises (AEROENTER) Share PricePeer
- Aeroflex Industries (AEROFLEX) Share PricePeer
- APL Apollo Tubes (APLAPOLLO) Share PricePeer
- Bansal Wire Industries (BANSALWIRE) Share PricePeer
- Bedmutha Industries (BEDMUTHA) Share PricePeer
- Top Gainers TodayScreener
- EMA Crossover ScreenerScreener
- Stock Quality ScorecardScreener
- Technical DashboardScreener
- Results CalendarScreener
- FII Buying ActivityScreener
- All Technical ScreenersScreener
- All Trading StrategiesStrategy
Questions investors ask about Man Industries (India) Limited (MANINDS).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Man Industries (India) Limited (MANINDS)?
The current share price of Man Industries (India) Limited (MANINDS) is ₹555.05. Today, the stock has gained by ₹2.85 (0.52%), trading in a range of ₹548.00 to ₹564.90. The stock opened at ₹551.30 with a trading volume of 3,78,805 shares.
02Is Man Industries (India) Limited stock a good investment for long-term?
Man Industries (India) Limited can be considered for long-term investment based on several factors. The company has a market capitalization of ₹4,184.78 Cr., P/E ratio of 24.23, ROE of 9.23%, and ROCE of 16.2%. The dividend yield stands at 0%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Man Industries (India) Limited stock?
The 52-week high price of Man Industries (India) Limited (MANINDS) is ₹623.70, while the 52-week low is ₹302.05. Currently trading at ₹555.05, the stock is 83.76% above its 52-week low and 11.01% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Man Industries (India) Limited stock at the current price?
Whether to buy Man Industries (India) Limited stock at ₹555.05 depends on multiple factors. The stock is currently trading with a P/E ratio of 24.23 and P/B ratio of 1.98. Today's performance shows a gain of 0.52%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Man Industries (India) Limited and when is the next dividend?
Man Industries (India) Limited offers a dividend yield of 0%, which means for every ₹100 invested at the current price of ₹555.05, you can expect to receive approximately ₹0.00 annually as dividends. The face value of the stock is ₹5.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Man Industries (India) Limited?
Man Industries (India) Limited's key financial metrics include: P/E Ratio: 24.23, P/B Ratio: 1.98, ROE: 9.23%, ROCE: 16.2%, Dividend Yield: 0%, EPS: ₹23.24, Book Value: ₹287.23, and Debt-to-Equity: 0.3. The company's market cap stands at ₹4,184.78 Cr.. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Man Industries (India) Limited stock performing today in the market?
Man Industries (India) Limited stock opened at ₹551.30 and is currently trading at ₹555.05, showing a gain of ₹2.85 (0.52%). The intraday high is ₹564.90 and low is ₹548.00. The trading volume stands at 3,78,805 shares, indicating moderate market participation today.
08What is the P/E ratio of Man Industries (India) Limited and what does it indicate?
Man Industries (India) Limited has a Price-to-Earnings (P/E) ratio of 24.23, which means investors are willing to pay 24.23 for every ₹1 of earnings. With an EPS of ₹23.24, this P/E ratio indicates moderate valuation in line with market standards. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Man Industries (India) Limited (MANINDS) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.