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:
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-126.80 (-0.52%)
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Nifty
Sensex
:
:
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77472.94
-126.80 (-0.52%)
-183.15 (-0.24%)

Man Industries (India) Ltd.

Castings/Forgings

Rating :
73/99

BSE: 513269 | NSE: MANINDS

NSE BSE
703.10
26-Aug-2026
  • Open
  • High
  • Low
  • Previous Close
  •  712
  •  734
  •  694.1
  •  711.50
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  550334
  •  393578657.85
  •  735
  •  302.05

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 5,276.17
  • 25.83
  • 5
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 5,118.59
  • N/A
  • 2.46

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 43.21%
  • 6.90%
  • 34.41%
  • FII
  • DII
  • Others
  • 2.87%
  • 0.03%
  • 12.58%

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 9.69
  • 11.00
  • 16.25

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 9.70
  • 8.00
  • 19.32

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 5.88
  • 8.72
  • 31.71

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • 7.92
  • 15.74
  • 19.19

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 0.96
  • 1.22
  • 1.61

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 4.73
  • 5.76
  • 7.66

Earnings Forecasts:

(Updated: 22-08-2026)
Description
2026
2027
2028
2029
Adj EPS
77
-4
-
-
P/E Ratio
9.13
-175.78
-
-
Revenue
21.34
12.54
5.78
4050
EBITDA
4509.5
5592.45
8017.6
-
Net Income
597.3
784.3
1229.8
200
ROA
211.15
358.4
775.1
-
P/B Ratio
0.65
0.83
2.43
-
ROE
1.79
1.56
1.1
11.1
FCFF
9.09
12.63
21.05
-
FCFF Yield
110.41
453.52
669.5
-
Net Debt
2.52
10.36
15.29
-
BVPS
1078.5
842.1
289.8
-

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Jun 26
Jun 25
Var%
Mar 26
Mar 25
Var%
Dec 25
Dec 24
Var%
Sep 25
Sep 24
Var%
Net Sales
1,053.13
742.13
41.91%
1,157.30
1,218.49
-5.02%
830.38
731.94
13.45%
834.09
806.23
3.46%
Expenses
909.71
666.33
36.53%
1,017.59
1,084.79
-6.19%
702.75
653.21
7.58%
712.99
742.50
-3.97%
EBITDA
143.42
75.80
89.21%
139.71
133.70
4.50%
127.63
78.73
62.11%
121.10
63.73
90.02%
EBIDTM
13.62%
10.21%
12.07%
10.97%
15.37%
10.76%
14.52%
7.90%
Other Income
11.83
5.27
124.48%
8.21
2.73
200.73%
8.34
5.54
50.54%
-19.29
10.73
-
Interest
39.96
30.23
32.19%
52.27
34.72
50.55%
38.19
26.17
45.93%
30.21
20.88
44.68%
Depreciation
29.84
12.58
137.20%
22.68
10.53
115.38%
21.49
11.24
91.19%
22.17
10.77
105.85%
PBT
85.45
38.26
123.34%
72.97
91.18
-19.97%
76.29
46.86
62.80%
49.43
42.81
15.46%
Tax
24.02
10.64
125.75%
22.12
23.03
-3.95%
21.25
12.74
66.80%
12.45
10.95
13.70%
PAT
61.43
27.62
122.41%
50.85
68.15
-25.39%
55.04
34.12
61.31%
36.98
31.86
16.07%
PATM
5.83%
3.72%
4.39%
5.59%
6.63%
4.66%
4.43%
3.95%
EPS
8.19
4.11
99.27%
6.78
10.53
-35.61%
7.34
5.27
39.28%
4.93
4.92
0.20%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone
Description
TTM
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Net Sales
3,874.90
3,505.35
3,142.18
2,231.34
2,138.63
2,080.20
1,759.28
2,221.71
1,607.52
1,060.49
1,390.73
Net Sales Growth
10.75%
11.56%
40.82%
4.34%
2.81%
18.24%
-20.81%
38.21%
51.58%
-23.75%
 
Cost Of Goods Sold
2,321.29
2,430.71
2,403.48
1,772.96
1,583.29
1,422.73
1,263.13
1,697.00
1,209.15
819.49
1,067.99
Gross Profit
1,553.61
1,074.64
738.70
458.37
555.34
657.47
496.14
524.71
398.38
241.01
322.74
GP Margin
40.09%
30.66%
23.51%
20.54%
25.97%
31.61%
28.20%
23.62%
24.78%
22.73%
23.21%
Total Expenditure
3,343.04
3,203.94
2,901.01
2,106.71
1,958.05
1,875.11
1,591.74
2,045.29
1,483.01
1,012.17
1,271.32
Power & Fuel Cost
-
40.53
43.36
27.18
28.91
31.36
26.21
43.45
30.08
19.07
17.65
% Of Sales
-
1.16%
1.38%
1.22%
1.35%
1.51%
1.49%
1.96%
1.87%
1.80%
1.27%
Employee Cost
-
65.26
57.79
49.55
43.86
44.32
46.36
46.38
37.13
37.70
35.51
% Of Sales
-
1.86%
1.84%
2.22%
2.05%
2.13%
2.64%
2.09%
2.31%
3.55%
2.55%
Manufacturing Exp.
-
390.72
118.50
99.83
144.41
58.41
75.32
77.74
84.30
53.98
29.69
% Of Sales
-
11.15%
3.77%
4.47%
6.75%
2.81%
4.28%
3.50%
5.24%
5.09%
2.13%
General & Admin Exp.
-
51.13
42.60
32.45
29.35
24.92
30.15
30.43
28.26
24.66
23.41
% Of Sales
-
1.46%
1.36%
1.45%
1.37%
1.20%
1.71%
1.37%
1.76%
2.33%
1.68%
Selling & Distn. Exp.
-
211.44
221.70
101.75
103.69
219.67
140.19
147.96
94.07
57.27
68.78
% Of Sales
-
6.03%
7.06%
4.56%
4.85%
10.56%
7.97%
6.66%
5.85%
5.40%
4.95%
Miscellaneous Exp.
-
14.16
13.57
22.98
24.53
73.70
10.38
2.32
0.03
0.00
68.78
% Of Sales
-
0.40%
0.43%
1.03%
1.15%
3.54%
0.59%
0.10%
0.00%
0%
2.03%
EBITDA
531.86
301.41
241.17
124.63
180.58
205.09
167.54
176.42
124.51
48.32
119.41
EBITDA Margin
13.73%
8.60%
7.68%
5.59%
8.44%
9.86%
9.52%
7.94%
7.75%
4.56%
8.59%
Other Income
9.09
51.82
52.05
51.36
37.08
30.79
16.96
22.43
56.80
72.38
67.53
Interest
160.63
99.63
87.83
41.03
37.30
52.80
64.42
64.49
43.03
36.32
56.49
Depreciation
96.18
45.25
61.09
45.50
45.40
46.38
52.32
45.93
39.21
40.07
37.10
PBT
284.14
208.35
144.30
89.46
134.96
136.69
67.76
88.43
99.07
44.31
93.35
Tax
79.84
55.18
39.16
22.42
33.38
35.84
9.75
29.59
31.68
10.74
6.87
Tax Rate
28.10%
26.48%
27.14%
25.06%
24.73%
26.22%
14.94%
33.46%
33.22%
24.24%
7.36%
PAT
204.30
153.17
105.14
67.04
101.58
100.85
55.50
58.84
63.69
33.57
86.47
PAT before Minority Interest
204.30
153.17
105.14
67.04
101.58
100.85
55.50
58.84
63.69
33.57
86.47
Minority Interest
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
PAT Margin
5.27%
4.37%
3.35%
3.00%
4.75%
4.85%
3.15%
2.65%
3.96%
3.17%
6.22%
PAT Growth
26.31%
45.68%
56.83%
-34.00%
0.72%
81.71%
-5.68%
-7.62%
89.72%
-61.18%
 
EPS
27.24
20.42
14.02
8.94
13.54
13.45
7.40
7.85
8.49
4.48
11.53

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Shareholder's Funds
1,607.26
1,404.87
1,132.29
942.18
834.88
746.36
702.03
652.19
598.28
566.31
Share Capital
32.37
32.37
30.05
29.59
28.55
28.55
28.55
28.55
28.55
28.55
Total Reserves
1,563.43
1,361.03
1,102.24
911.09
801.45
717.81
673.48
623.64
569.73
537.76
Non-Current Liabilities
186.94
180.31
161.09
34.72
40.86
58.61
94.28
130.08
176.90
236.92
Secured Loans
106.88
134.58
127.86
3.66
2.03
15.33
49.16
89.58
131.33
190.50
Unsecured Loans
31.60
1.70
1.70
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Long Term Provisions
1.64
0.54
2.31
1.73
1.28
1.17
1.67
1.32
2.11
1.77
Current Liabilities
1,984.94
829.98
566.86
843.00
910.17
1,022.20
797.89
915.35
581.22
439.35
Trade Payables
1,200.41
502.75
339.98
754.86
517.57
561.28
563.38
577.78
211.78
219.59
Other Current Liabilities
509.18
165.57
69.35
35.54
100.60
222.86
62.33
142.72
137.48
133.58
Short Term Borrowings
272.18
154.59
150.71
44.62
277.26
224.78
151.30
174.17
225.41
76.67
Short Term Provisions
3.17
7.08
6.83
7.97
14.74
13.27
20.88
20.68
6.55
9.50
Total Liabilities
3,779.14
2,415.16
1,860.24
1,819.90
1,785.91
1,827.17
1,594.20
1,697.62
1,356.40
1,242.58
Net Block
641.72
603.60
551.07
318.33
336.70
368.31
396.42
355.41
345.56
349.13
Gross Block
1,075.02
993.11
890.03
620.03
593.17
578.43
555.65
471.58
423.05
386.56
Accumulated Depreciation
433.29
389.51
338.97
301.70
256.47
210.12
159.23
116.16
77.49
37.43
Non Current Assets
1,028.57
815.40
702.96
601.17
577.76
648.77
645.06
605.62
486.09
505.38
Capital Work in Progress
133.41
30.54
14.45
19.88
1.01
3.56
2.76
63.00
5.28
18.89
Non Current Investment
0.00
0.00
0.00
102.30
102.30
102.30
102.30
102.30
102.96
102.30
Long Term Loans & Adv.
204.19
167.50
126.37
152.23
134.20
160.30
138.40
80.27
30.93
22.90
Other Non Current Assets
47.82
12.33
9.37
8.43
3.55
14.30
5.18
4.65
1.36
12.16
Current Assets
2,750.57
1,599.75
1,157.28
1,218.73
1,208.15
1,178.39
949.14
1,091.99
870.30
737.19
Current Investments
25.95
227.98
0.32
0.00
0.63
0.02
0.05
0.57
0.89
1.33
Inventories
1,268.54
645.63
406.81
318.34
331.56
379.60
216.63
418.30
108.92
127.51
Sundry Debtors
895.89
355.10
493.93
544.34
655.95
449.99
555.25
382.71
340.61
266.80
Cash & Bank
379.18
254.85
170.21
240.12
102.16
221.60
47.25
66.66
154.76
167.75
Other Current Assets
181.01
13.35
13.42
14.46
117.85
127.18
129.95
223.76
265.12
173.80
Short Term Loans & Adv.
150.88
102.84
72.59
101.46
106.68
114.03
105.78
198.09
257.84
143.96
Net Current Assets
765.63
769.77
590.42
375.73
297.98
156.20
151.25
176.65
289.09
297.84
Total Assets
3,779.14
2,415.15
1,860.24
1,819.90
1,785.91
1,827.16
1,594.20
1,697.61
1,356.39
1,242.57

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Cash From Operating Activity
67.99
344.91
-120.30
450.94
-59.89
214.31
137.35
131.99
-74.78
204.82
PBT
208.35
144.30
89.99
134.96
136.69
65.26
88.43
95.33
44.31
93.35
Adjustment
155.83
122.92
93.67
78.59
146.54
128.05
103.60
57.00
43.18
45.47
Changes in Working Capital
-243.56
110.80
-277.18
283.17
-306.49
47.79
-27.88
0.40
-146.88
83.96
Cash after chg. in Working capital
120.62
378.02
-93.51
496.73
-23.26
241.10
164.16
152.73
-59.39
222.78
Interest Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Tax Paid
-52.63
-33.12
-26.79
-45.80
-36.64
-26.79
-26.81
-20.75
-15.39
-17.96
Other Direct Exp. Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Extra & Other Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Cash From Investing Activity
-41.33
-279.31
-135.49
-119.06
4.26
-46.34
0.16
-104.92
20.59
2.41
Net Fixed Assets
-99.74
-98.80
-194.59
-35.78
-12.21
-23.53
-23.77
-108.78
-22.93
328.22
Net Investments
152.56
-232.04
-2.86
-0.49
0.44
-2.63
-1.11
-24.76
-0.19
-2.65
Others
-94.15
51.53
61.96
-82.79
16.03
-20.18
25.04
28.62
43.71
-323.16
Cash from Financing Activity
29.63
86.03
210.68
-267.22
-63.10
-36.86
-138.03
-115.17
41.20
-187.90
Net Cash Inflow / Outflow
56.29
151.63
-45.10
64.65
-118.74
131.11
-0.52
-88.10
-12.99
19.33
Opening Cash & Equivalents
188.60
36.97
82.07
17.29
136.03
4.92
5.44
154.76
167.75
148.42
Closing Cash & Equivalent
244.88
188.60
36.97
81.95
17.29
136.03
4.92
66.66
154.76
167.75

Financial Ratios

Consolidated /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Book Value (Rs.)
246.51
215.25
188.39
158.95
145.35
130.70
122.94
114.21
104.77
99.17
ROA
4.95%
4.92%
3.64%
5.63%
5.58%
3.24%
3.57%
4.17%
2.58%
6.31%
ROE
10.25%
8.33%
6.47%
11.47%
12.79%
7.66%
8.69%
10.19%
5.77%
16.49%
ROCE
16.31%
14.78%
10.79%
16.33%
17.68%
13.16%
15.56%
13.40%
8.21%
15.80%
Fixed Asset Turnover
3.39
3.34
2.96
3.53
3.55
3.10
4.33
3.59
2.62
2.36
Receivable days
65.13
49.31
84.92
102.43
97.03
104.28
77.05
82.12
104.53
98.65
Inventory Days
99.66
61.13
59.31
55.46
62.39
61.85
52.16
59.85
40.69
52.43
Payable days
127.87
63.99
112.70
146.67
138.39
124.38
102.21
93.38
75.62
89.46
Cash Conversion Cycle
36.91
46.45
31.53
11.22
21.03
41.75
26.99
48.59
69.60
61.62
Total Debt/Equity
0.29
0.22
0.26
0.05
0.34
0.37
0.35
0.56
0.75
0.62
Interest Cover
3.09
2.64
3.18
4.62
3.59
2.01
2.37
3.22
2.22
2.65

Annual Reports:

FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
FY 2019
FY 2018
FY 2017
FY 2016

News Update:


  • Man Industries, National Pipe Company bag orders worth Rs 1,000 crore
    18th Jun 2026, 11:29 AM

    These orders are expected to be delivered within 6 to 9 months

    Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.