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Man Industries (India) Ltd share Price Today

Company details

454.05
466.00
129.35
513.70
6M Return 42.53%
1Y Return 235.61%
Mkt Cap.(Cr) 2,977.49
Volume 76,868
Div Yield 0.44%
OI
-
OI Chg %
-
Volume 76,868

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Iron & Steel Products company Man Industries (India) announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

Consolidated:

  • Revenue at Rs 810.7 crore ( 35.6% YoY)
  • EBITDA at Rs 72.7 crore ( 39.1% YoY)
  • PAT at Rs 24.1 crore (-7.4% YoY)
  • Cash Profit at Rs 39.6 crore ( 5.9% YoY)

Standalone:

  • Revenue at Rs 778.1 crore ( 40.2% YoY)
  • EBITDA at Rs 64.8 crore ( 22.0% YoY)
  • PAT at Rs 17.2 crore (-35.9%YoY)
  • Cash Profit at Rs 32.5 crore (-15.1% YoY)

FY24 Financial Highlights:

Consolidated:

  • Revenue at Rs 3,142.2 crore ( 40.8% YoY)
  • EBITDA at Rs 293.2 crore ( 65.9% YoY)
  • PAT at Rs 105.1 crore ( 54.6% YoY)
  • Cash Profit at Rs 166.2 crore ( 42.3% YoY)

Standalone:

  • Revenue at Rs 3,080.1 crore ( 47.2% YoY)
  • EBITDA at Rs 296.1 crore ( 68.5% YoY)
  • PAT at Rs 109.7 crore ( 63.2% YoY)
  • Cash Profit at Rs 170.2 crore ( 51.4% YoY)

Reflecting on the company's FY24 performance, Nikhil Mansukhani, Managing Director, MAN Industries (India) Limited, said, “We are happy to announce a strong and sustainable quarter and year. Our promising performance in the last financial year and securing new order wins are emphasizing our commitment towards excellence. On operation front, recently we have announced additional order of Rs 505 crore to be concluded in next 6 months. From the beginning of the calendar year 2024, we have secured total order book of Rs 1,480 crore. We envisage a strong order book for coming quarters and are hopeful for the stronger performance going forward. Having said that, Our ERW mill has successfully received API (American Petroleum Institute) Certification, these pipes are usually required in O&G industry and with higher margin. Although we have started our ERW Mill in late financial year, we are quite hopeful that, the current financial year would be a sustainable year for our ERW segment. Your company is aggressively heading towards its expansion plans for both SAW and Stainless-Steel Seamless Tubes, which are very much on track. We believe we can fulfil our commitments towards all our stakeholders “

Result PDF

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Man Industries (India) Ltd shares SWOT Analysis

Strengths (5)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Rising Net Cash Flow and Cash from Operating activity
  • Company with Low Debt

Weakness (3)

  • Promoters increased pledged shares QoQ
  • Declining Revenue every quarter for the past 2 quarters
  • Declining profits every quarter for the past 2 quarters

Opportunity (1)

  • Highest Recovery from 52 Week Low

Threats (2)

  • Promoter decreasing their shareholding
  • Increasing Trend in Non-Core Income

Resistance and support

R1 472.6
R2 488.8
R3 504.5
Pivot

456.80

S1 440.6
S2 424.9
S3 408.7
EMA SMA
451.4
421.7
394.5
343.6
451.4
404.3
394.1
343.5
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-11-08 253.67 494501 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2023-11-08 253.3 494501 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-09-26 189.6 320876 NSE
Name Category Shares
Rameshchandra Mansukhani PROMOTER 17.39%
Heena Vinay Kalantri PROMOTER 7.51%
Nikhil Mansukhani PROMOTER 5.54%
Deepadevi Rameshchandra Mansukhani PROMOTER 2.79%
Man Finance Private Limited PROMOTER 9.93%
Man Global Limited PROMOTER 2.85%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
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Profit after Tax
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P BV

Man Industries (India) Ltd Stocks COMPARISON

Financials( in Cr) Man Industries (India) Ltd JSW Steel Ltd Tata Steel Ltd Jindal Steel & Power Ltd Tube Investments of India Ltd
Price 459.95 885.30 160.07 942.50 4,071.85
% Change -3.98 -4.33 -4.71 -6.48 -10.09
Mcap Cr 2,977.49 216,496.04 199,823.90 96,143.29 78,756.09
Revenue TTM Cr 2,231.34 175,006.00 229,170.78 53,211.52 16,890.33
Net Profit TTM Cr 68.00 8,973.00 -4,909.61 3,974.09 1,722.53
PE TTM 28.09 31.20 26.55 16.36 66.59
1 Year Return 235.61 9.22 38.83 50.48 29.63
ROCE 10.36 13.51 6.61 14.17 26.63
ROE 6.10 12.52 7.33 13.27 37.98
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,004.18 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 8,937.56 45,192.41
LAST 3M 92,628.05 55,620.51
LAST 6M 175,219.32 60,530.78
LAST 12M 306,910.23 88,097.76

Man Industries (India) Ltd Information

Stock PE (TTM)
28.09
Promoter Holding
46.1%
Book Value
217.0176
ROCE
10.36%
ROE
6.1%
Description
  • The flagship Company of MAN Group (UK), MAN Industries (India) Limited (erstwhile MAN Aluminium Limited) an ISO - 9001 Company was incorporated on 19th May 1988 with a project to manufacture Aluminium Extrusions. Now, the company 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 has state-of-the-art manufacturing facilities for Longitudinal Submerged Arc Welded (LSAW) & Helically Submerged Arc Welded (HSAW) Line Pipes and also for various types of Anti-Corrosion Coating Systems. The Company also owns modern facilities for manufacturing of Aluminum Extrusion Products. Man Industries manufacture LSAW Line Pipes, HSAW Line Pipes, Single Layer FBE, 3 Layer PE & 3 Layer PP Coating (under coating division) and Aluminium Extrusions. MANIIL`s operations are spread across globally with offices in U.K. and U.A.E. besides India. The Company received the Certificate of Commencement of Business on 28th July of the year 1989. Man Industries had entered into Memorandum of Understanding (MoU) with Haeusler in the year 1992 for the supply of the SAW pipe plant, technical know-how and training for its personnel. With the establishment of SAW Pipe Division in the year 1994 the Group has come a long way by consistently scaling new heights and building up impressive track record of exponential growth and in the year 1995, the company was awarded an ISO 9002 certification. After two years, in 1997, Man Industries (MANIIL) had decided to take over British company Man Intertrade (UK) Limited. During the year 2000, the MANIIL made a strategic tie-up with Mitsubishi and Sumitomo for executing major projects in oil and gas sector. The Company bagged large orders from Export (Middle East / USA) in the year of 2004, worth of Rs 3400 million and from domestic of Rs 1620 million. During the same year of 2004, the Company along with its group company had entered into a joint venture agreement with Aluchem, Inc. of US to bid for new project in the Kutch region of Gujarat for manufacturing of alumina and alumina-based value-added products, with an estimated cost of Rs 20,000 million. A major milestone in the path of progress of the company was happened in the year 2005, commissioned its Anjar Line Pipe and Coating Complex in the State of Gujarat on the West-Coast of India. During the year 2006, the company had received the necessary approval to demerge the Aluminium Extrusion into separate entity under the name of Man Aluminium Limited. Man Industries India received an export orders aggregating to Rs 2,200 million including the order received in June of the year 2007 from fortune 500 Oil and gas major Petronas, Malaysia. In September of the same year 2007, the company had commissioned the new production line for H-SAW Pipes with capacity of 200,000 MT per annum. The mill had started producing pipes for executing USD 225 million single order from prestigious US client. MANIIL had secured new orders amounting Rs 11 billion in its LSAW and HSAW segments during September of the year 2008. The Company plans to locate a new manufacturing facility on a 162 acre site at the Little Rock Port in USA, will invest USD 100 million in the facility. The production would commence by mid 2009. The facility will have capability of producing 300,000 tonnes of HSAW pipes annually. The Company`s 3rd HSAW production line commissioned at Anjar in Gujarat was streamlined, which resultant raised its manufacturing capacity to one million tons divided equally between HSAW and LSAW in 2008-09. It installed and commissioned world class H Saw plant and commenced the production in the said mill during 2009. Two new subsidiaries, Man Offshore and Drilling Limited and Man Stainless Steel Tubes Limited were incorporated in September 2021.

Registered Address

Man House 101 S V Road, Opp Pawan Hans Vile Parle (W), Mumbai, Maharashtra, 400056

Tel : 91-22-66477500
Email : investor.relations:maninds.org; cs:maninds.org; en
Website : http://www.mangroup.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 513269
NSE Code : MANINDS
Book Closure Date (Month) : Sep
BSE Group : T
ISIN : INE993A01026

FAQ’s on Man Industries (India) Ltd Shares

You can buy Man Industries (India) Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Man Industries (India) Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jul 23, 2024 10:54 AM the closing price of Man Industries (India) Ltd was Rs.459.95.

The latest PE ratio of Man Industries (India) Ltd as of Jul 23, 2024 10:54 AM is 28.09

The latest PB ratio of Man Industries (India) Ltd as of Jul 23, 2024 10:54 AM is 0.48

The 52-week high of Man Industries (India) Ltd share price is Rs. 513.70 while the 52-week low is Rs. 129.35

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jul 23, 2024 10:54 AM, the market cap of Man Industries (India) Ltd stood at Rs. 2,977.49 Cr.

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