Man Industries (India) Ltd

The domestic equity indices continued to trade with modest gains in mid-afternoon trade, supported by positive global sentiment, expectations of a rate cut in the upcoming RBI policy meeting later this week, and sustained foreign fund inflows. While investors await the policy outcome, they are also closely monitoring bond markets, Brent crude trends, and global trade developments. The Nifty traded above the 24,700 level. The market is volatile due to the weekly expiry of the Nifty F&O series today. PSU bank stocks slip after previous session's gains. At 14:27 IST, the barometer index, the S&P BSE Sensex, advanced 380.63 points or 0.46% to 81,377.14. The Nifty 50 index jumped 93.40 points or 0.39% to 24,713.60. In the broader market, the S&P BSE Mid-Cap index rose 0.32% and the S&P BSE Small-Cap index added 0.64%. The market breadth was positive. On the BSE, 2,301 shares rose and 1,616 shares fell. A total of 158 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 3.14% to 15.25. Buzzing Index: The Nifty PSU Bank index fell 0.79% to 7,044.45. The index advanced in the past trading session. Bank of Baroda (down 2.23%), Canara Bank (down 0.95%), Bank of Maharashtra (down 0.94%), UCO Bank (down 0.91%), Indian Overseas Bank (down 0.87%), Bank of India (down 0.87%), Union Bank of India (down 0.84%), Indian Bank (down 0.84%), Punjab National Bank (down 0.83%) and Punjab & Sind Bank (down 0.52%) advanced. Numbers to Track: The yield on India's 10-year benchmark federal paper fell 0.21% to 6.199 from the previous close of 6.211. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 85.7700 compared with its close of 85.8700 during the previous trading session. MCX Gold futures for 5 August 2025 settlement shed 0.05% to Rs 98,528. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.06% to 98.88. The United States 10-year bond yield shed 0.09% to 4.358. In the commodities market, Brent crude for August 2025 settlement rose 30 cents or 0.46% to $65.16 a barrel. Stock in Spotlight: Man Industries (India) rose 1.03% after the company announced that it had secured a new export order worth Rs 1,150 crore from an international customer for the supply of various types of pipes.Powered by Capital Market - Live

Man Industries (India) has receives a new export order of Rs 1150 crore. This order is expected to be delivered during the next 6 to 12 months. The total unexecuted order book stands at approximately Rs.3500 crore. Powered by Capital Market - Live

Man Industries (India) announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 25 June 2025.Powered by Capital Market - Live

The proposal includes the issuance of 12,19,512 convertible warrants to Man Finance at Rs 328 each, aggregating approximately Rs 39.99 crore. Additionally, 79,26,822 equity shares will be allotted to non-promoters at the same price, totaling around Rs 259.99 crore. The funds are intended to support ongoing capital expenditure for expansion projects in Jammu and Saudi Arabia, enhance working capital, and strengthen the balance sheet. An Extraordinary General Meeting (EGM) is scheduled for 25 June 2025, to seek shareholder approval. Nikhil Mansukhani, Managing Director, stated, 'The proposed capital raise marks a significant step toward reinforcing our growth strategy. It will enable us to enhance execution capabilities, support strategic expansion, and continue delivering value to our stakeholders.' Man Industries is a leading manufacturer and exporter of large-diameter carbon steel line pipes for various high-pressure transmission applications for gas, crude oil, petrochemical products, and potable water. The company reported a consolidated net profit of Rs 68.1 crore in Q4 FY25, which is nearly three times the PAT of Rs 24.1 crore recorded in Q4 FY24. Revenue from operations increased by 50.3% year-over-year (YoY) to Rs 1,218.5 crore in the March 2025 quarter. Shares of Man Industries declined 1.12% to Rs 398.65 on the BSE. Powered by Capital Market - Live

Man Industries (India) has revised the meeting of the Board of Directors which was scheduled to be held on 28 May 2025. The meeting will now be held on 31 May 2025.Powered by Capital Market - Live

The Board of Man Industries (India) at its meeting held on 28 May 2025 has approved the allotment of 25,00,000 Equity Shares of face value Rs.5/- each, fully paid-up, upon exercise of the conversion option by Man Finance, a Promoter Group entity, in respect of 25,00,000 Warrants allotted to them by the Board of Directors on 01 December 2023.Powered by Capital Market - Live

Man Industries (India) will hold a meeting of the Board of Directors of the Company on 28 May 2025.Powered by Capital Market - Live

The Board of Man Industries (India) at its meeting held on 12 May 2025 has approved the transfer of entire shareholding held by the Company in Man International Steel Industries Company, Wholly Owned Subsidiary to another Wholly Owned Subsidiary i.e. Man Overseas Metals DMCC, UAE, subject to necessary approvals. Powered by Capital Market - Live

Revenue from operations increased by 50.3% year-over-year (YoY) to Rs 1,218.5 crore in the March 2025 quarter. EBITDA rose by 87.9% to Rs 136.7 crore in Q4 FY25 from Rs 72.7 crore in Q4 FY24. EBITDA margin expanded by 230 basis points to 11.1% in the fourth quarter from 9% in the same period last year. For FY25, Man Industries has recorded a consolidated net profit of Rs 153.2 crore (up 46% YoY) and total income of Rs 3,557 crore (up 11% YoY). As of FY25-end, the company holds an executable order book of RS 2,500 crore for fulfillment over the next 6'12 months, with a total bid book of Rs 15,000 crore, indicating strong demand visibility and revenue growth potential. In its outlook, the company said: 'We are targeting a ~20% YoY revenue growth for FY26, backed by timely execution of ongoing and upcoming projects, capacity expansion, and continued order inflows. With a strategic emphasis on operational excellence, product innovation, and international market expansion, MAN Industries is well-positioned to deliver sustained value to all stakeholders.' Nikhil Mansukhani, managing director, MAN Industries (India), said: The substantial growth in profitability and margins underscores the resilience and scalability of our business model. Our targeted expansion into the ERW segment, successful execution of high-value projects, robust order book, and the strategic monetization of a non-core asset have laid a strong foundation for continued momentum in FY26. With capacity expansions progressing in Saudi Arabia and Jammu, we are confident in our ability to scale operations and deepen our footprint across domestic and global markets.' Man Industries is a leading manufacturer and exporter of large-diameter carbon steel line pipes for various high-pressure transmission applications for gas, crude oil, petrochemical products, and potable water. Powered by Capital Market - Live

Net profit of Man Industries (India) rose 182.43% to Rs 68.15 crore in the quarter ended March 2025 as against Rs 24.13 crore during the previous quarter ended March 2024. Sales rose 50.30% to Rs 1218.49 crore in the quarter ended March 2025 as against Rs 810.68 crore during the previous quarter ended March 2024. For the full year,net profit rose 45.68% to Rs 153.17 crore in the year ended March 2025 as against Rs 105.14 crore during the previous year ended March 2024. Sales rose 11.56% to Rs 3505.35 crore in the year ended March 2025 as against Rs 3142.18 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales1218.49810.68 50 3505.353142.18 12 OPM %9.957.20 -8.607.68 - PBDT101.7247.91 112 253.60205.39 23 PBT91.1932.44 181 208.35144.30 44 NP68.1524.13 182 153.17105.14 46 Powered by Capital Market - Live