MANINDS
Man Industries (India) Limited (MANINDS) Stock Analysis
Man Industries (India) Limited is an Indian manufacturer of large-diameter steel pipes for oil, gas, and water projects. It supplies line pipes to domestic and export energy projects. Order book visibility depends on pipeline capex by energy companies. It is listed on Indian stock exchanges.
Basic Materials › Steel
₹865.40
-0.29% 1W | +108.10% 52W
Market Cap
6.5k CR
P/E Ratio
31.8
52W High
₹1039.7
52W Low
₹302.1
Div. Yield
0%
Beta
0.5
50 DMA
₹797.6
200 DMA
₹552
Profit Margin
5.3%
Inst. Own.
0.9%
⚠️ BREAKDOWN
⚠️ BREAKDOWN
Fundamentals
Profit & Loss
| Metric | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 490 | 1,018 | 833 | 811 | 749 | 806 | 732 | 1,218 | 742 | 834 | 830 | 1,157 | 1,053 |
| Expenses | 444 | 948 | 768 | 752 | 711 | 742 | 653 | 1,097 | 693 | 713 | 703 | 1,018 | 910 |
| Operating Profit | 47 | 70 | 65 | 58 | 38 | 64 | 79 | 121 | 49 | 121 | 128 | 140 | 143 |
| OPM % | 10% | 7% | 8% | 7% | 5% | 8% | 11% | 10% | 7% | 15% | 15% | 12% | 14% |
| Other Income | 4 | 21 | 14 | 14 | 20 | 11 | 6 | 15 | 31 | -19 | 8 | 8 | 12 |
| Interest | 21 | 22 | 20 | 25 | 18 | 21 | 26 | 35 | 30 | 30 | 38 | 52 | 40 |
| Depreciation | 15 | 15 | 16 | 15 | 13 | 11 | 11 | 11 | 13 | 22 | 21 | 23 | 30 |
| Profit before tax | 14 | 54 | 43 | 32 | 28 | 43 | 47 | 91 | 38 | 49 | 76 | 73 | 85 |
| Tax % | 22% | 28% | 29% | 26% | 31% | 26% | 27% | 25% | 28% | 25% | 28% | 30% | 28% |
| Net Profit | 11 | 39 | 31 | 24 | 19 | 32 | 34 | 68 | 28 | 37 | 55 | 51 | 61 |
| EPS in Rs | 1.87 | 6.50 | 5.09 | 3.73 | 2.94 | 4.92 | 5.27 | 10.53 | 4.11 | 4.93 | 7.34 | 6.78 | 8.19 |
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,364 | 1,392 | 1,060 | 1,608 | 2,222 | 1,759 | 2,080 | 2,139 | 2,231 | 3,142 | 3,505 | 3,564 | 3,875 |
| Expenses | 1,250 | 1,272 | 1,012 | 1,483 | 2,044 | 1,591 | 1,875 | 1,958 | 2,094 | 2,901 | 3,169 | 3,125 | 3,343 |
| Operating Profit | 114 | 120 | 48 | 125 | 178 | 168 | 205 | 181 | 137 | 241 | 336 | 439 | 532 |
| OPM % | 8% | 9% | 4.6% | 8% | 8% | 10% | 10% | 8% | 6% | 8% | 10% | 12% | 14% |
| Other Income | 35 | 67 | 72 | 53 | 21 | 14 | 31 | 37 | 39 | 52 | 20 | 29 | 9 |
| Interest | 46 | 56 | 36 | 43 | 64 | 64 | 53 | 37 | 41 | 88 | 103 | 152 | 161 |
| Depreciation | 43 | 37 | 40 | 39 | 46 | 52 | 46 | 45 | 46 | 61 | 45 | 79 | 96 |
| Profit before tax | 60 | 93 | 44 | 95 | 88 | 65 | 137 | 135 | 89 | 144 | 208 | 237 | 284 |
| Tax % | 17% | 7% | 24% | 33% | 33% | 15% | 26% | 25% | 25% | 27% | 26% | 28% | |
| Net Profit | 50 | 86 | 34 | 64 | 59 | 56 | 101 | 102 | 67 | 105 | 153 | 170 | 204 |
| EPS in Rs | 8.82 | 15.14 | 5.88 | 11.15 | 10.30 | 9.72 | 17.66 | 17.16 | 11.15 | 16.24 | 23.66 | 22.73 | 27.24 |
| Dividend Payout % | 17% | 10% | 26% | 13% | 15% | 10% | 11% | 0% | 0% | 12% | 0% | 0% |
Growth — CAGR
| Metric | 3Y | 5Y | 10Y |
|---|---|---|---|
| Revenue CAGR | 17.0% | 11.0% | 10.0% |
| Profit CAGR | 43.0% | 11.0% | 7.0% |
Shareholding Pattern
Promoters48.21%
FIIs2.19%
DIIs0.88%
Public48.73%
Promoters43.21%
FIIs2.32%
DIIs1.68%
Public52.77%
Promoters43.21%
FIIs3.35%
DIIs1.26%
Public52.18%
Promoters43.21%
FIIs2.41%
DIIs1.34%
Public53.03%
Promoters43.21%
FIIs2.87%
DIIs1.43%
Public52.48%
Promoters45.68%
FIIs1.60%
DIIs0.23%
Public52.48%
Promoters46.15%
FIIs1.64%
DIIs3.31%
Public48.90%
Promoters46.20%
FIIs3.33%
DIIs1.03%
Public49.43%
Promoters43.21%
FIIs2.41%
DIIs1.34%
Public53.03%
Promoters43.21%
FIIs2.87%
DIIs1.43%
Public52.48%
MANINDS
Holdings Analysis
Key strengths & risk signals
77
Overall
69
Fundamental
85
Technical
Risks (1)
TOO MUCH PUBLIC HOLDING! 52.05% public ownership - higher volatility risk.
Strengths (4)
UNDERVALUED! PEG of 0.87 indicates stock is cheap relative to growth.
BULLISH TREND! 50-day average (797.6) is above 200-day average (552.0) - positive signal.
EXCELLENT YEAR! Stock gained 108.1% in the last year.
BULLISH SENTIMENT! In last 30 days: 17 up days, 13 down days. Avg volume on up days: 1,851,751 vs down days: 1,122,429. Ratio: 1.65x
Fundamental & Technical Analysis
77Overall
69Fundamental
85Technical
Fundamental Breakdown
Growth Quality
28/30
Revenue CAGR: 16.5% (VERY GOOD, 13/15). Profit CAGR: 36.5% (EXCELLENT, 15/15).
Profit Margin
3/10
LOW MARGIN! 5.3% profit margin - thin profits.
PEG Valuation
10/10
UNDERVALUED! PEG of 0.87 indicates stock is cheap relative to growth.
Dividend Yield
3/10
NEGLIGIBLE DIVIDEND! 0% yield - little to no income.
Debt to Equity
10/10
VERY LOW DEBT! D/E of 0.00 - excellent financial health.
Public Holding
5/20
TOO MUCH PUBLIC HOLDING! 52.05% public ownership - higher volatility risk.
Stability Index
10/10
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
Technical Breakdown
Moving Averages
12/10
BULLISH TREND! 50-day average (797.6) is above 200-day average (552.0) - positive signal.
Price Position
8/10
STRONG POSITION! Current price (865.4) is above both moving averages.
Trend Pattern
10/20
BREAKDOWN! Stock has broken below support levels - weakness present.
52W Performance
10/10
EXCELLENT YEAR! Stock gained 108.1% in the last year.
Volume Sentiment
30/30
BULLISH SENTIMENT! In last 30 days: 17 up days, 13 down days. Avg volume on up days: 1,851,751 vs down days: 1,122,429. Ratio: 1.65x
RSI
3/5
NEUTRAL! RSI at 50.8 - balanced momentum.
52W Range
4/5
UPPER HALF! Trading at 76.4% of 52W range - positive territory.
Momentum
3/5
MIXED MOMENTUM! Price growth is inconsistent - -0.3% (1 week), 9.5% (1 month), 63.4% (3 months).
Beta
5/5
LOW VOLATILITY! Beta of 0.50 - stable stock, less market risk.
MANINDS
Concall / Investor Presentation
Earnings call transcripts & AI summaries
| Quarter | Concall | Summary |
|---|---|---|
| Q4FY262026-06-01 | Concall PDF | |
| Q3FY262026-02-12 | Concall PDF | |
| Q2FY262025-11-18 | Concall PDF |
Peer Comparison
Basic Materials · Steel · 8 stocks
| Stock | Price | P/E | Profit Margin | Revenue CAGR 5Y | Profit CAGR 5Y | 52W Change | Stock Strength | Trendline | YoY Profit | QoQ Profit | YoY Revenue | QoQ Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MANINDS | ₹865.40 | 31.8 | 5.3% | 16.5% | 36.5% | +108.1% | 77 | BREAKDOWN | -13.0% | -52.8% | +41.9% | -9.0% |
| JAIBALAJI | ₹72.30 | 45.8 | 2.4% | -1.8% | 31.0% | -26.0% | 64 | BREAKOUT | +20.7% | +298.1% | +24.0% | -3.6% |
| GOODLUCK | ₹593.00 | 32.2 | 4.6% | 10.0% | 27.6% | +39.5% | 79 | BREAKOUT | +59.4% | +16.5% | +30.9% | +18.1% |
| MAHSEAMLES | ₹585.40 | 10.6 | 16.0% | -6.5% | -2.8% | +6.6% | 56 | BREAKDOWN | +15.7% | +159.1% | -4.7% | -14.8% |
| SUNFLAG | ₹430.40 | 37.7 | 5.1% | 4.0% | -43.4% | +69.4% | 65 | BREAKOUT | +5.4% | +92.4% | +6.5% | +7.8% |
| SAMBHV | ₹172.50 | 30.2 | 6.4% | 37.1% | 33.0% | +51.3% | 80 | APPROACHING RESISTANCE | +66.7% | +6.0% | +31.1% | +6.8% |
| MIDHANI | ₹419.60 | 58.2 | 10.6% | 11.6% | -5.6% | +9.9% | 67 | CONSOLIDATING DOWN | +26.9% | -78.8% | +34.9% | -57.2% |
| SANDUMA | ₹174.80 | 11.9 | 13.5% | 33.5% | 34.3% | -19.5% | 65 | BOUNCE FROM SUPPORT | +36.3% | -3.7% | +21.1% | -9.0% |
Data from TradeAlone · Updated daily
MANINDS News
Man Industries (india) Limited (maninds) Wins Preferred Manufacturers List (PML) Approval from Qatarenergy2026-08-14Man Industries (india) Limited (maninds) Q1 FY27 Earnings Presentation: Revenue and PAT Growth Highlighted2026-08-12Man Industries (india) Limited Q4 FY26 Earnings Presentation: Record Margins and Strong Profitability2026-05-26Man Industries (india) Limited Acquires National Pipe Company in Saudi Arabia2026-05-21
