| Market Cap | ₹5,944.89 CrMetals & Mining |
|---|---|
| TTM Revenue | ₹3,874.9 CrOperating |
| Order from | Domestic and International Customers |
| Execution period | 6 - 9 months |
| Deal value | ₹600 Cr |
| Share of market cap | 10.1% |
| Share of annual revenue | 15.5% |
| Order book | ₹4,100 Cr (1.1x revenue) |
Key highlights
- New order intake of approximately ₹600 Crore for various types of pipes
- Combined unexecuted order book now stands at approximately ₹4,100 Crore
- Project execution timeline scheduled within a 6 to 9-month window
- Orders received from both domestic and international customer segments
- The new contracts represent approximately 15.5% of the company's TTM revenue
Strategic Order Wins and Execution
Man Industries (India) Ltd has secured significant new orders valued at approximately ₹600 Crore for the supply of various types of pipes to both domestic and international customers. These contracts are scheduled for execution over a relatively short timeframe of six to nine months, highlighting the company’s ability to handle high-volume production under tight delivery schedules. The orders encompass a diverse range of pipe products, which are central to the company’s core manufacturing capabilities.
This latest win underscores the persistent demand for the company’s technological and executional expertise across global markets, particularly in infrastructure-heavy sectors.
Order Book and Revenue Visibility
Following these latest additions, the company’s total unexecuted order book has climbed to approximately ₹4,100 Crore. This substantial pipeline provides strong revenue visibility for the upcoming fiscal quarters, representing over 100% of the company’s trailing twelve-month operating revenue of ₹3,874.9 Crore. The accumulation of such a backlog reflects a robust business environment and growing customer confidence.
Management indicates that these orders showcase the trust global and local clients place in the company’s technological capabilities, further strengthening its position as a preferred supplier in the large-diameter line pipe industry.
Operational and Infrastructure Footprint
Man Industries is a leading manufacturer of large-diameter pipes, specialising in Longitudinal Submerged Arc Welded (L-SAW), Spiral, and Coating systems. The company operates two primary manufacturing hubs located in Anjar, Gujarat, and Pithampur, Madhya Pradesh. These strategically positioned facilities enable the firm to serve both coastal export routes and inland domestic projects efficiently.
As a key player in the iron and steel intermediate products sector, the company caters to critical industries such as oil and gas transportation, water supply projects, and general infrastructure, maintaining a significant presence across 45 countries globally through its extensive export network.
Financial Performance Snapshot
From a financial perspective, the company has demonstrated significant growth, with its trailing twelve-month (TTM) net profit reaching ₹204.3 Crore. The stock has delivered an 89.58% return over the past year, significantly outperforming broader market averages during this period. Currently, the company’s price-to-earnings (P/E) ratio stands at 29.1, compared to the industry average of 21.8 and a sector average of 19.03.
With a market capitalization of ₹5,944.89 Crore and a strong momentum score of 77.58, the firm’s recent quarterly performance showed a 41.91% year-on-year increase in revenue, supported by healthy operating profit margins of 13.62%.
| Share price | ₹792.55 |
|---|---|
| Market capitalisation | ₹5,944.89 Cr |
| Revenue (annual) | ₹3,563.90 Cr |
| Net profit (annual) | ₹170.48 Cr |
| Revenue (latest quarter) | ₹1,053.13 Cr-9.00% vs previous quarter |
| Net profit (latest quarter) | ₹61.43 Cr+20.81% vs previous quarter |
| P/E (TTM) | 29.1×Sector 19.03× |
| Promoter holding | 43.21%0.00% QoQ |
| FII holding | 2.87%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Man Industries (India) Ltd announcing the receipt of new orders worth ₹600 Crore and an order book update. Market figures from a third-party data provider.
