MANINDS · Man Industries (India) Ltd · Oil Well Services & Equipment
MANINDS · Man Industries (India) Ltd · Oil Well Services & Equipment
As of 05 Nov close
52-week range
23.4% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹1,053 Cr
Revenue YoY
PAT YoY
+122.4%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
3
P/S (TTM)
1.7
Sector P/E
10.8
Dividend yield
0.0%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| MANINDS (this stock) | 21 | 3 | +5.3% | +9.8% | 0.3 | 0.0% |
| Aegis Logistics | 32.9 | 7.7 | +13.9% | +20.7% | 0.69 | +0.5% |
| Deep Industries | 14.1 | 2.9 | +21.3% | +10.3% | 0.1 | +0.3% |
| Asian Energy Services | 28.2 | 4.8 | +6.1% | +11.7% | 0.32 | +0.2% |
Promoter
stable
FII
rising 1q
MF
0.42% (-0.84pp)
falling 1q
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
| canonicalSymbol | date | buy quantity | buyer count | deal strength | deal types present |
|---|---|---|---|---|---|
| MANINDS | 2026-09-23 | 443427 | 1 | WEAK | BULK |
| MANINDS | 2026-09-10 | 444491 | 1 | WEAK | BULK |
News timeline
No related news.
Concalls & investor presentations
AI-generatedKey takeaway: The investor presentation for Man Industries (India) Limited, dated September 1, 2026, outlines the company's business overview, financial performance, and strategic initiatives. The company reported FY26 revenue of ₹35,639 crore, with EBITDA of ₹4,679 crore and PAT of ₹1,705 crore. It highlighted manufacturing capabilities across India and Saudi Arabia, including a 1.2Mn MTPA capacity in India and 430,000 MTPA in Saudi Arabia through its acquisition of National Pipe Company (NPC). The acquisition, completed in May 2026 for USD 102 million, added immediate revenue, Aramco approval, and a USD 120 million order book. The company also mentioned plans for a 22,000 MTPA stainless steel plant in Jammu, expected to start production in March 2027, and real estate monetization through Merino Shelters, projected to generate ₹700-800 crore over five to six years. The presentation included financial metrics such as a 13.4% CAGR in revenue and 21.0% CAGR in PAT, along with a 18.4% ROCE in FY26. Strategic goals included global diversification, higher-margin products, and optimizing capacity utilization. The document also provided details on the company's manufacturing processes, client base, and certifications.
The summary presents factual data and strategic plans without overtly positive or negative language.
Sourced from an exchange-filed presentation, dated 01 Sept 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The document is a notification from Man Industries (India) Limited regarding the transcript of a conference call held on August 12, 2026. It states that the transcript has been uploaded to the company's website for analysts and investors. The communication is formal and adheres to the SEBI regulations concerning disclosure requirements. The letter is signed by Rahul Rawat, the Company Secretary, and includes details about the company's stock codes for reference.
The document presented factual information regarding the conference call and its transcript.
Sourced from an exchange-filed transcript, dated 18 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: On August 12, 2026, Man Industries (India) Limited submitted an earnings presentation for Q1-FY27 to BSE Limited and the National Stock Exchange of India. The presentation included a company overview, key strategic priorities, and financial highlights. Management reported a revenue of ₹2,178 crore and an EBITDA of ₹218 crore for the quarter ended June 30, 2026. The company highlighted its recent acquisition of National Pipe Company in Saudi Arabia, which contributed to Q1 results for only 40 days. Management emphasized the strategic advantages of this acquisition over a greenfield setup, including immediate revenue generation and existing customer relationships. The presentation also outlined ongoing and upcoming projects in India and Saudi Arabia, indicating a robust demand for large-diameter pipes driven by infrastructure investments. Financial performance showed significant year-on-year growth in revenue and profitability metrics.
Management highlighted strong financial growth and strategic acquisitions.
Sourced from an exchange-filed presentation, dated 12 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The document is a notification regarding the transcript of a conference call held by Man Industries (India) Limited on May 26, 2026. It informs the recipients that the transcript has been uploaded to the company's website for public access. The communication is addressed to both the BSE Limited and the National Stock Exchange of India Ltd., complying with SEBI regulations. The letter is signed by Rahul Rawat, the Company Secretary, and includes details such as the scrip code and ID for reference.
The document presented factual information regarding the conference call and its transcript.
Sourced from an exchange-filed transcript, dated 01 Jun 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: On May 26, 2026, Man Industries (India) Limited announced the acquisition of a 100% equity stake in National Pipe Company (NPC), Saudi Arabia, for USD 102 million (approximately INR 1,000 crores). The acquisition is financed through a mix of USD 70 million in debt and USD 32 million in equity. Management reported that this acquisition aligns with Saudi Arabia's Vision 2030, providing immediate access to the oil and gas supply chain and enhancing manufacturing capabilities. The presentation detailed NPC's annual production capacity of 430,000 MT and its established relationships with key clients, including Saudi Aramco. Management highlighted the strategic rationale behind the acquisition, emphasizing market access, capacity scale, and the potential for revenue and EBITDA growth post-integration. The document also outlined the competitive landscape and projected financial metrics for the combined entity.
Management emphasized strategic growth opportunities and synergies from the acquisition.
Sourced from an exchange-filed presentation, dated 26 May 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The investor presentation for Q4 & FY26 by Man Industries (India) Limited reported significant operational highlights, including record EBITDA and PAT margins of 14.0% and 5.6% respectively on a standalone basis, marking year-on-year increases of 360 bps and 130 bps. Standalone revenue grew by 36% year-on-year to INR 1,157 crore, driven by strong order execution. The company maintained a robust balance sheet with cash and cash equivalents of INR 657.2 crore and a net cash position of INR 157.5 crore. The current standalone order book stands at approximately INR 3,000 crore, providing revenue visibility for the upcoming months. The presentation also detailed the company's strategic initiatives, including the acquisition of a 100% stake in National Pipe Company in Saudi Arabia and the progress of the Jammu greenfield stainless steel seamless pipe plant, which is on track for completion by December 2026.
Management highlighted strong financial performance and strategic growth initiatives.
Sourced from an exchange-filed presentation, dated 26 May 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: On February 12, 2026, Man Industries (India) Limited informed BSE Limited and the National Stock Exchange of India Ltd. about the availability of the transcript from their conference call held on February 9, 2026. The call took place at 4:00 p.m. IST and was intended for analysts and investors. The company provided a link to access the transcript on their official website. This communication was made in compliance with SEBI regulations regarding listing obligations and disclosure requirements.
The document conveyed information about the conference call without expressing any particular sentiment.
Sourced from an exchange-filed transcript, dated 12 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The investor presentation for Man Industries (India) Limited reported on the company's performance for Q3 and the nine months ended December 31, 2025. Management highlighted a 41% year-on-year growth in consolidated Profit After Tax (PAT) for the nine-month period, with a 61% increase in PAT during Q3 alone. The company maintained a net cash position of approximately INR 38 crore, indicating a strong balance sheet. The executable order book was reported at around INR 4,000 crore, providing revenue visibility for the upcoming months. Management also discussed strategic expansions in Saudi Arabia and Jammu, with significant progress in civil works and equipment installations. The presentation included details on the company's manufacturing capabilities, experienced management team, and a history of dividend distribution to stakeholders.
Management emphasized strong financial growth and strategic expansion initiatives.
Sourced from an exchange-filed presentation, dated 09 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedMan Industries (India) Limited's annual report for FY2025-26 highlights strategic expansion through the acquisition of National Pipe Company in Saudi Arabia, enhancing its manufacturing footprint in the Gulf. The report emphasizes strong financial performance, including record margins and robust cash reserves, driven by operational efficiencies and disciplined cost management. The company outlines growth opportunities in global oil, gas, and hydrogen infrastructure, supported by India's infrastructure push and regional energy diversification trends.
- Strategic acquisition of National Pipe Company to establish an in-Kingdom manufacturing base and expand Gulf market presence.
- Strong financial performance with record EBITDA and PAT margins, supported by operational efficiencies and cost discipline.
- Focus on global energy transition, including hydrogen infrastructure and decarbonization, aligning with long-term market trends.
Key takeaway: Man Industries is leveraging strategic acquisitions and geographic diversification to capitalize on global energy infrastructure growth, particularly in hydrogen and decarbonization, while maintaining strong financial discipline.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Regulatory Action (2 items); Investigation or enforcement mention (1 item)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Regulatory Action
2 occurrencesRecent (last 12 months)
The company failed to have at least six directors on its board between March 31, 2025, and November 13, 2025, leading to fines of Rs. 7,96,500 each from BSE and NSE. The matter is currently sub-judice before the SAT.
Earlier (1-3 years ago)
SEBI imposed a penalty of INR 5,00,000 on MIIL in 2019 for non-compliance, which was upheld by the Supreme Court after appeals. Additionally, SEBI imposed another penalty of ₹5 lacs in 2022 for delayed disclosure, but this was quashed by SAT, with SEBI appealing to the Supreme Court.
Investigation or enforcement mention
1 occurrenceEarlier (1-3 years ago)
SEBI issued a Notice for a Forensic Audit. The company submitted revised settlement terms to SEBI in November 2023, but the matter is sub-judice before the Bombay High Court as SEBI did not consider the settlement application.
Routine disclosures
Contingent Liability
2 occurrencesRecent (last 12 months)
The company has pending litigation or other outstanding claims that may result in contingent liabilities, requiring judgment in assessing the likelihood of liability and quantifying the possible financial settlement range.
Earlier (1-3 years ago)
The company has contingent liabilities related to tax matters (entry tax, sales tax/VAT, excise duty, customs duty, service tax, GST) and pending arbitration/legal cases for recovery of dues. Management expects these will not have a material adverse effect.
Related-Party Transaction
2 occurrencesRecent (last 12 months)
The company has disclosed significant transactions with related parties, including sales and purchases of goods and services, interest income, corporate guarantees, and loans with entities like Man Offshore and Drilling Limited, Man Stainless Steel Tubes Limited, and Merino Shelters Private Limited during FY 2025-26.
Earlier (1-3 years ago)
The company has entered into transactions with related parties, including subsidiaries and enterprises controlled by key managerial personnel, such as loans, interest income, service charges, and corporate guarantees.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
22.53% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18). Change vs the previous disclosure: increasing.