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Man Industries (India) Ltd.

Castings/Forgings

Rating :
76/99

BSE: 513269 | NSE: MANINDS

NSE BSE
1020.35
25-Sep-2026
  • Open
  • High
  • Low
  • Previous Close
  •  968
  •  1039.7
  •  955.2
  •  962.85
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  1762428
  •  1761640113.4
  •  1039.7
  •  302.05

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 7,662.60
  • 37.51
  • 5
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 7,505.02
  • N/A
  • 3.58

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
  • 12.89
  • 10.75
  • 4.29

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 24.70
  • 19.46
  • 12.74

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 17.65
  • 10.91
  • 17.48

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • 7.93
  • 16.05
  • 19.48

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 0.98
  • 1.25
  • 1.67

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 4.80
  • 5.89
  • 7.82

Earnings Forecasts:

(Updated: 21-09-2026)
Description
2026
2027
2028
2029
Adj EPS
23.65
23.1
23.2
-
P/E Ratio
43.14
44.17
43.98
-
Revenue
3507.78
4509.5
5592.45
8017.6
EBITDA
383.18
465.8
565
-
Net Income
170.49
264.15
370.85
744.8
ROA
3.87
-
-
-
P/B Ratio
3.67
3.26
2.82
2.04
ROE
9.23
11.8
14.1
22.1
FCFF
-2.81
110.41
453.52
669.5
FCFF Yield
-0.05
1.82
7.47
11.02
Net Debt
-99.99
104.1
-34.3
-413.9
BVPS
278.17
313
362.26
499.83

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 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Net Sales
3,874.90
3,563.90
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
Net Sales Growth
10.75%
1.67%
11.56%
40.82%
4.34%
2.81%
18.24%
-20.81%
38.21%
51.58%
 
Cost Of Goods Sold
2,321.29
2,228.63
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
Gross Profit
1,553.61
1,335.27
1,074.64
738.70
458.37
555.34
657.47
496.14
524.71
398.38
241.01
GP Margin
40.09%
37.47%
30.66%
23.51%
20.54%
25.97%
31.61%
28.20%
23.62%
24.78%
22.73%
Total Expenditure
3,343.04
3,124.59
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
Power & Fuel Cost
-
41.74
40.53
43.36
27.18
28.91
31.36
26.21
43.45
30.08
19.07
% Of Sales
-
1.17%
1.16%
1.38%
1.22%
1.35%
1.51%
1.49%
1.96%
1.87%
1.80%
Employee Cost
-
80.39
65.26
57.79
49.55
43.86
44.32
46.36
46.38
37.13
37.70
% Of Sales
-
2.26%
1.86%
1.84%
2.22%
2.05%
2.13%
2.64%
2.09%
2.31%
3.55%
Manufacturing Exp.
-
117.69
390.72
118.50
99.83
144.41
58.41
75.32
77.74
84.30
53.98
% Of Sales
-
3.30%
11.15%
3.77%
4.47%
6.75%
2.81%
4.28%
3.50%
5.24%
5.09%
General & Admin Exp.
-
45.31
51.13
42.60
32.45
29.35
24.92
30.15
30.43
28.26
24.66
% Of Sales
-
1.27%
1.46%
1.36%
1.45%
1.37%
1.20%
1.71%
1.37%
1.76%
2.33%
Selling & Distn. Exp.
-
508.77
211.44
221.70
101.75
103.69
219.67
140.19
147.96
94.07
57.27
% Of Sales
-
14.28%
6.03%
7.06%
4.56%
4.85%
10.56%
7.97%
6.66%
5.85%
5.40%
Miscellaneous Exp.
-
102.08
14.16
13.57
22.98
24.53
73.70
10.38
2.32
0.03
57.27
% Of Sales
-
2.86%
0.40%
0.43%
1.03%
1.15%
3.54%
0.59%
0.10%
0.00%
0%
EBITDA
531.86
439.31
301.41
241.17
124.63
180.58
205.09
167.54
176.42
124.51
48.32
EBITDA Margin
13.73%
12.33%
8.60%
7.68%
5.59%
8.44%
9.86%
9.52%
7.94%
7.75%
4.56%
Other Income
9.09
28.59
54.87
52.05
51.36
37.08
30.79
16.96
22.43
56.80
72.38
Interest
160.63
152.03
102.69
87.83
41.03
37.30
52.80
64.42
64.49
43.03
36.32
Depreciation
96.18
78.92
45.25
61.09
45.50
45.40
46.38
52.32
45.93
39.21
40.07
PBT
284.14
236.94
208.35
144.30
89.46
134.96
136.69
67.76
88.43
99.07
44.31
Tax
79.84
66.45
55.18
39.16
22.42
33.38
35.84
9.75
29.59
31.68
10.74
Tax Rate
28.10%
28.05%
26.48%
27.14%
25.06%
24.73%
26.22%
14.94%
33.46%
33.22%
24.24%
PAT
204.30
170.49
153.17
105.14
67.04
101.58
100.85
55.50
58.84
63.69
33.57
PAT before Minority Interest
204.30
170.49
153.17
105.14
67.04
101.58
100.85
55.50
58.84
63.69
33.57
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%
4.78%
4.37%
3.35%
3.00%
4.75%
4.85%
3.15%
2.65%
3.96%
3.17%
PAT Growth
26.31%
11.31%
45.68%
56.83%
-34.00%
0.72%
81.71%
-5.68%
-7.62%
89.72%
 
EPS
27.24
22.73
20.42
14.02
8.94
13.54
13.45
7.40
7.85
8.49
4.48

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Shareholder's Funds
2,086.54
1,607.26
1,404.87
1,132.29
942.18
834.88
746.36
702.03
652.19
598.28
Share Capital
37.50
32.37
32.37
30.05
29.59
28.55
28.55
28.55
28.55
28.55
Total Reserves
2,039.04
1,563.43
1,361.03
1,102.24
911.09
801.45
717.81
673.48
623.64
569.73
Non-Current Liabilities
336.71
188.99
180.31
161.09
34.72
40.86
58.61
94.28
130.08
176.90
Secured Loans
175.20
106.88
134.58
127.86
3.66
2.03
15.33
49.16
89.58
131.33
Unsecured Loans
64.95
31.60
1.70
1.70
0.00
0.00
0.00
0.00
0.00
0.00
Long Term Provisions
4.10
1.64
0.54
2.31
1.73
1.28
1.17
1.67
1.32
2.11
Current Liabilities
2,597.36
1,982.89
829.98
566.86
843.00
910.17
1,022.20
797.89
915.35
581.22
Trade Payables
1,471.22
1,200.19
502.75
339.98
754.86
517.57
561.28
563.38
577.78
211.78
Other Current Liabilities
973.39
507.35
165.57
69.35
35.54
100.60
222.86
62.33
142.72
137.48
Short Term Borrowings
124.21
272.18
154.59
150.71
44.62
277.26
224.78
151.30
174.17
225.41
Short Term Provisions
28.53
3.17
7.08
6.83
7.97
14.74
13.27
20.88
20.68
6.55
Total Liabilities
5,020.61
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
Net Block
862.65
641.72
603.60
551.07
318.33
336.70
368.31
396.42
355.41
345.56
Gross Block
1,375.97
1,075.02
993.11
890.03
620.03
593.17
578.43
555.65
471.58
423.05
Accumulated Depreciation
513.32
433.29
389.51
338.97
301.70
256.47
210.12
159.23
116.16
77.49
Non Current Assets
1,487.52
1,028.57
815.40
702.96
601.17
577.76
648.77
645.06
605.62
486.09
Capital Work in Progress
325.78
133.41
30.54
14.45
19.88
1.01
3.56
2.76
63.00
5.28
Non Current Investment
0.00
0.00
0.00
0.00
102.30
102.30
102.30
102.30
102.30
102.96
Long Term Loans & Adv.
291.05
204.19
167.50
126.37
152.23
134.20
160.30
138.40
80.27
30.93
Other Non Current Assets
6.61
47.82
12.33
9.37
8.43
3.55
14.30
5.18
4.65
1.36
Current Assets
3,533.09
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
Current Investments
70.77
25.95
227.98
0.32
0.00
0.63
0.02
0.05
0.57
0.89
Inventories
1,535.00
1,268.54
645.63
406.81
318.34
331.56
379.60
216.63
418.30
108.92
Sundry Debtors
1,009.78
895.89
355.10
493.93
544.34
655.95
449.99
555.25
382.71
340.61
Cash & Bank
657.20
379.18
254.85
170.21
240.12
102.16
221.60
47.25
66.66
154.76
Other Current Assets
260.35
30.13
13.35
13.42
115.92
117.85
127.18
129.95
223.76
265.12
Short Term Loans & Adv.
221.97
150.88
102.84
72.59
101.46
106.68
114.03
105.78
198.09
257.84
Net Current Assets
935.74
767.68
769.77
590.42
375.73
297.98
156.20
151.25
176.65
289.09
Total Assets
5,020.61
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

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Cash From Operating Activity
472.21
73.09
344.91
-120.30
450.94
-59.89
214.31
137.35
131.99
-74.78
PBT
236.94
208.35
144.30
89.99
134.96
136.69
65.26
88.43
95.33
44.31
Adjustment
328.12
155.77
122.92
93.67
78.59
146.54
128.05
103.60
57.00
43.18
Changes in Working Capital
-41.97
-238.45
110.80
-277.18
283.17
-306.49
47.79
-27.88
0.40
-146.88
Cash after chg. in Working capital
523.09
125.66
378.02
-93.51
496.73
-23.26
241.10
164.16
152.73
-59.39
Interest Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Tax Paid
-50.87
-52.57
-33.12
-26.79
-45.80
-36.64
-26.79
-26.81
-20.75
-15.39
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
-593.92
-111.30
-279.31
-135.49
-119.06
4.26
-46.34
0.16
-104.92
20.59
Net Fixed Assets
-192.62
-99.74
-98.80
-194.59
-35.78
-12.21
-23.53
-23.77
-108.78
-22.93
Net Investments
-55.74
152.56
-232.04
-2.86
-0.49
0.44
-2.63
-1.11
-24.76
-0.19
Others
-345.56
-164.12
51.53
61.96
-82.79
16.03
-20.18
25.04
28.62
43.71
Cash from Financing Activity
135.99
24.52
86.03
210.68
-267.22
-63.10
-36.86
-138.03
-115.17
41.20
Net Cash Inflow / Outflow
14.29
-13.69
151.63
-45.10
64.65
-118.74
131.11
-0.52
-88.10
-12.99
Opening Cash & Equivalents
174.91
188.60
36.97
82.07
17.29
136.03
4.92
5.44
154.76
167.75
Closing Cash & Equivalent
189.20
174.91
188.60
36.97
81.95
17.29
136.03
4.92
66.66
154.76

Financial Ratios

Consolidated /

Standalone
Description
Mar 26
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Book Value (Rs.)
276.84
246.51
215.25
188.39
158.95
145.35
130.70
122.94
114.21
104.77
ROA
3.87%
4.95%
4.92%
3.64%
5.63%
5.58%
3.24%
3.57%
4.17%
2.58%
ROE
9.28%
10.25%
8.33%
6.47%
11.47%
12.79%
7.66%
8.69%
10.19%
5.77%
ROCE
16.73%
16.47%
14.78%
10.79%
16.33%
17.68%
13.16%
15.56%
13.40%
8.21%
Fixed Asset Turnover
2.91
3.39
3.34
2.96
3.53
3.55
3.10
4.33
3.59
2.62
Receivable days
97.59
65.13
49.31
84.92
102.43
97.03
104.28
77.05
82.12
104.53
Inventory Days
143.56
99.66
61.13
59.31
55.46
62.39
61.85
52.16
59.85
40.69
Payable days
218.76
127.86
63.99
112.70
146.67
138.39
124.38
102.21
93.38
75.62
Cash Conversion Cycle
22.39
36.93
46.45
31.53
11.22
21.03
41.75
26.99
48.59
69.60
Total Debt/Equity
0.24
0.29
0.22
0.26
0.05
0.34
0.37
0.35
0.56
0.75
Interest Cover
2.56
3.03
2.64
3.18
4.62
3.59
2.01
2.37
3.22
2.22

Annual Reports:

FY 2026
FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
FY 2019
FY 2018
FY 2017

News Update:


  • Man Industries receives new orders worth Rs 600 crore
    10th Sep 2026, 16:07 PM

    The orders are for supply of various types of pipes

    Read More
  • 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.