Man Industries (India) Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Efficient capital deployment (ROCE 16.2%)
- Attractively valued vs sector (P/E 27.4x vs industry 47.1x)
- Low debt relative to equity (D/E 0.3x)
Concerns
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HAL Hindustan Aeronautics Limited | ₹4,850 | ₹3.2L Cr | 33.9 | 7.9 | 24 | 32 | 0 |
| BEL Bharat Electronics Limited | ₹363 | ₹2.6L Cr | 43 | 11.08 | 27.4 | 36.4 | 0 |
| TMCV Tata Motors Limited | ₹— | ₹1.5L Cr | 20.4 | 10.71 | 34 | 35.9 | 0.44 |
| BHEL Bharat Heavy Electricals Limited | ₹405 | ₹1.3L Cr | 46.9 | 5.28 | 6.23 | 9.14 | 0.22 |
| ABB ABB India Limited | ₹6,490 | ₹1.3L Cr | 84.4 | 14.72 | 22.4 | 29.9 | 0.02 |
| ENRIN Siemens Energy India Limited | ₹2,840 | ₹1.3L Cr | 98.46 | 26.82 | — | — | 0.04 |
| CGPOWER CG Power and Industrial Solutions Limited | ₹832 | ₹1.3L Cr | 91.7 | 15 | 20.5 | 26.7 | 0.02 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
MANINDS · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 49.61% | 46.15% | 46.12% | 46.15% | 46.15% | 46.20% |
| FII | 2.14% | 1.64% | 1.84% | 2.52% | 2.16% | 3.33% |
| DII | 0.64% | 3.31% | 3.31% | 3.27% | 2.64% | 1.03% |
| Public | 47.60% | 48.90% | 48.72% | 48.05% | 49.05% | 49.43% |
Corporate Events
To consider and approve the financial results for the period ended March 31, 2026
Annual General Meeting
Annual General Meeting
Interim Dividend - Rs 2 Per Share
Record: 15 Aug 2023
Latest News
All newsMan Industries sees spurt in trading volume
*Man Industries sees spurt in trading volume*. The NSE has flagged a significant increase in trading volume for Man Industries (India) Limited and sought information to safeguard investor interests. The company has responded with a submission to the exchange. No fundamental trigger has been disclosed yet. 📊 *STOCKS:* MANINDS | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Volume
Man Industries secures new orders/contracts
*Man Industries secures new orders/contracts*. Man Industries (India) Limited has informed the exchange about receiving new orders/contracts, though specific values and clients remain undisclosed. This development indicates potential improvement in order book and future revenue visibility. Further details are expected in subsequent disclosures. 📊 *STOCKS:* $MANAPPURAM | 🏢 *SECTOR:* CapitalGoods | #MEDIUMIMPACT #Orders
Man Industries secures new orders worth **₹1,200 crore**
*Man Industries secures new orders worth **₹1,200 crore***. The company has received fresh contracts, boosting its order book. This development signals strong demand for its engineering and infrastructure solutions. The win enhances near-term revenue visibility. 📊 *STOCKS:* MANINDS | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #orderwin
Man Industries holds AGM, submits voting results
*Man Industries holds AGM, submits voting results*. Man Industries (India) Limited has submitted the scrutinizers' report of its Annual General Meeting held on **September 25, 2026**, to the exchange. Voting results were also disclosed, with no major resolutions or announcements impacting operations. The event is routine and in line with regulatory compliance. 📊 *STOCKS:* $MANAPPURAM | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #AGM
Man Industries to hold analyst investor meet
*Man Industries to hold analyst investor meet* to discuss business updates and strategy. The company has informed the exchange about the schedule of the con-call. No financial figures or major announcements were disclosed. This is a routine corporate communication. 📊 *STOCKS:* $MANINDS | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #InvestorMeet
Man Industries files copy of newspaper publication
*Man Industries files copy of newspaper publication* as part of regulatory compliance. The filing does not disclose any financial or operational update. It is a routine disclosure submitted to the exchange. No immediate market-moving information was revealed. 📊 *STOCKS:* $MANINDS | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Filing
Man Industries informs exchange about investor presentation.
*Man Industries informs exchange about investor presentation.* The company has notified the stock exchange regarding an upcoming investor presentation. This is a routine disclosure to keep stakeholders informed. No financial figures or strategic announcements were detailed in the filing. 📊 *STOCKS:* MANINDS | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #InvestorPresentation
Man Industries to host analyst and investor meet
*Man Industries to host analyst and investor meet* to discuss business updates and strategy. The company has informed the exchange about the schedule of the upcoming con-call. Such meets often provide clarity on performance and future outlook, though no major announcements were disclosed. 📊 *STOCKS:* $MANAPPURAM | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #InvestorMeet
Man Industries issues press release; no financial details disclosed
*Man Industries issues press release; no financial details disclosed.* The company informed the exchange about a press release dated August 14, 2026, titled simply 'Press Release'. No specific financial or operational updates were provided in the filing. Further details are awaited from the company. 📊 *STOCKS:* $MANAPPURAM | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #PressRelease
Man Industries informs exchange about investor presentation.
*Man Industries informs exchange about investor presentation.* The company has notified the stock exchange of an upcoming investor presentation. This is a routine disclosure and does not contain material business updates. Such events are typically used to share operational or financial updates with analysts and investors. 📊 *STOCKS:* $MANINDS | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #InvestorPresentation
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹830 Cr 0.5% | ₹834 Cr 12.4% | ₹742 Cr 39.1% | ₹1.2K Cr 66.4% | ₹732 Cr 9.2% | ₹806 Cr 7.6% | ₹749 Cr 7.6% | ₹811 Cr |
| Op. Profit | ₹128 Cr 5.8% | ₹121 Cr 146.9% | ₹49 Cr 59.5% | ₹121 Cr 53.2% | ₹79 Cr 23.4% | ₹64 Cr 68.4% | ₹38 Cr 34.5% | ₹58 Cr |
| OPM | 15.0% 0.0% | 15.0% 114.3% | 7.0% 30.0% | 10.0% 9.1% | 11.0% 37.5% | 8.0% 60.0% | 5.0% 28.6% | 7.0% |
| Net Profit | ₹55 Cr 48.6% | ₹37 Cr 32.1% | ₹28 Cr 58.8% | ₹68 Cr 100.0% | ₹34 Cr 6.3% | ₹32 Cr 68.4% | ₹19 Cr 20.8% | ₹24 Cr |
| EPS (₹) | 7.34 48.9% | 4.93 20.0% | 4.11 61.0% | 10.53 99.8% | 5.27 7.1% | 4.92 67.3% | 2.94 21.2% | 3.73 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹3.6K Cr 1.7% | ₹3.5K Cr 11.6% | ₹3.1K Cr 40.8% | ₹2.2K Cr 4.3% | ₹2.1K Cr 2.8% | ₹2.1K Cr 18.2% | ₹1.8K Cr 20.8% | ₹2.2K Cr 38.2% | ₹1.6K Cr 51.7% | ₹1.1K Cr |
| Expenses | ₹3.1K Cr 1.4% | ₹3.2K Cr 9.2% | ₹2.9K Cr 38.5% | ₹2.1K Cr 6.9% | ₹2.0K Cr 4.4% | ₹1.9K Cr 17.9% | ₹1.6K Cr 22.2% | ₹2.0K Cr 37.8% | ₹1.5K Cr 46.5% | ₹1.0K Cr |
| Op. Profit | ₹439 Cr 30.7% | ₹336 Cr 39.4% | ₹241 Cr 75.9% | ₹137 Cr 24.3% | ₹181 Cr 11.7% | ₹205 Cr 22.0% | ₹168 Cr 5.6% | ₹178 Cr 42.4% | ₹125 Cr 160.4% | ₹48 Cr |
| OPM | 12.0% 20.0% | 10.0% 25.0% | 8.0% 33.3% | 6.0% 25.0% | 8.0% 20.0% | 10.0% 0.0% | 10.0% 25.0% | 8.0% 0.0% | 8.0% 60.0% | 5.0% |
| Other Income | ₹29 Cr 45.0% | ₹20 Cr 61.5% | ₹52 Cr 33.3% | ₹39 Cr 5.4% | ₹37 Cr 19.4% | ₹31 Cr 121.4% | ₹14 Cr 33.3% | ₹21 Cr 60.4% | ₹53 Cr 26.4% | ₹72 Cr |
| Interest | ₹152 Cr 47.6% | ₹103 Cr 17.0% | ₹88 Cr 114.6% | ₹41 Cr 10.8% | ₹37 Cr 30.2% | ₹53 Cr 17.2% | ₹64 Cr 0.0% | ₹64 Cr 48.8% | ₹43 Cr 19.4% | ₹36 Cr |
| Depreciation | ₹79 Cr 75.6% | ₹45 Cr 26.2% | ₹61 Cr 32.6% | ₹46 Cr 2.2% | ₹45 Cr 2.2% | ₹46 Cr 11.5% | ₹52 Cr 13.0% | ₹46 Cr 17.9% | ₹39 Cr 2.5% | ₹40 Cr |
| PBT | ₹237 Cr 13.9% | ₹208 Cr 44.4% | ₹144 Cr 61.8% | ₹89 Cr 34.1% | ₹135 Cr 1.5% | ₹137 Cr 110.8% | ₹65 Cr 26.1% | ₹88 Cr 7.4% | ₹95 Cr 115.9% | ₹44 Cr |
| Tax % | 28.0% 7.7% | 26.0% 3.7% | 27.0% 8.0% | 25.0% 0.0% | 25.0% 3.8% | 26.0% 73.3% | 15.0% 54.5% | 33.0% 0.0% | 33.0% 37.5% | 24.0% |
| Net Profit | ₹170 Cr 11.1% | ₹153 Cr 45.7% | ₹105 Cr 56.7% | ₹67 Cr 34.3% | ₹102 Cr 1.0% | ₹101 Cr 80.4% | ₹56 Cr 5.1% | ₹59 Cr 7.8% | ₹64 Cr 88.2% | ₹34 Cr |
| EPS (₹) | 22.73 3.9% | 23.66 45.7% | 16.24 45.7% | 11.15 35.0% | 17.16 2.8% | 17.66 81.7% | 9.72 5.6% | 10.3 7.6% | 11.15 89.6% | 5.88 |
| Div Payout | 0.0% | 0.0% 100.0% | 12.0% | 0.0% | 0.0% 100.0% | 11.0% 10.0% | 10.0% 33.3% | 15.0% 15.4% | 13.0% 50.0% | 26.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹38 Cr 18.8% | ₹32 Cr 0.0% | ₹32 Cr 6.7% | ₹30 Cr 0.0% | ₹30 Cr 3.4% | ₹29 Cr 0.0% | ₹29 Cr 0.0% | ₹29 Cr 0.0% | ₹29 Cr 0.0% | ₹29 Cr |
| Reserves | ₹1.9K Cr 22.5% | ₹1.6K Cr 14.8% | ₹1.4K Cr 24.5% | ₹1.1K Cr 20.7% | ₹913 Cr 13.3% | ₹806 Cr 12.3% | ₹718 Cr 6.7% | ₹673 Cr 7.9% | ₹624 Cr 9.5% | ₹570 Cr |
| Borrowings | ₹561 Cr 17.9% | ₹476 Cr 46.0% | ₹326 Cr 8.3% | ₹301 Cr 428.1% | ₹57 Cr 80.7% | ₹296 Cr 0.7% | ₹294 Cr 20.5% | ₹244 Cr 33.7% | ₹368 Cr 17.7% | ₹447 Cr |
| Other Liabilities | ₹1.5K Cr 10.3% | ₹1.7K Cr 148.0% | ₹684 Cr 60.2% | ₹427 Cr 48.0% | ₹821 Cr 25.3% | ₹655 Cr 16.8% | ₹787 Cr 21.5% | ₹648 Cr 4.4% | ₹678 Cr 118.0% | ₹311 Cr |
| Total Liabilities | ₹4.0K Cr 7.2% | ₹3.8K Cr 56.5% | ₹2.4K Cr 29.8% | ₹1.9K Cr 2.2% | ₹1.8K Cr 1.9% | ₹1.8K Cr 2.2% | ₹1.8K Cr 14.6% | ₹1.6K Cr 6.1% | ₹1.7K Cr 25.2% | ₹1.4K Cr |
Assets | ||||||||||
| Fixed Assets | ₹766 Cr 19.1% | ₹643 Cr 6.3% | ₹605 Cr 9.4% | ₹553 Cr 73.9% | ₹318 Cr 5.6% | ₹337 Cr 8.4% | ₹368 Cr 7.1% | ₹396 Cr 11.5% | ₹355 Cr 2.6% | ₹346 Cr |
| CWIP | ₹143 Cr 7.5% | ₹133 Cr 329.0% | ₹31 Cr 121.4% | ₹14 Cr 30.0% | ₹20 Cr 1900.0% | ₹1 Cr 75.0% | ₹4 Cr 33.3% | ₹3 Cr 95.2% | ₹63 Cr 1160.0% | ₹5 Cr |
| Investments | ₹26 Cr 0.0% | ₹26 Cr 88.6% | ₹228 Cr | ₹0 Cr 100.0% | ₹102 Cr 1.0% | ₹103 Cr 1.0% | ₹102 Cr 0.0% | ₹102 Cr 1.0% | ₹103 Cr 1.0% | ₹104 Cr |
| Other Assets | ₹3.1K Cr 4.6% | ₹3.0K Cr 91.8% | ₹1.6K Cr 20.0% | ₹1.3K Cr 6.2% | ₹1.4K Cr 2.5% | ₹1.3K Cr 0.6% | ₹1.4K Cr 23.8% | ₹1.1K Cr 7.1% | ₹1.2K Cr 30.4% | ₹902 Cr |
| Total Assets | ₹4.0K Cr 7.2% | ₹3.8K Cr 56.5% | ₹2.4K Cr 29.8% | ₹1.9K Cr 2.2% | ₹1.8K Cr 1.9% | ₹1.8K Cr 2.2% | ₹1.8K Cr 14.6% | ₹1.6K Cr 6.1% | ₹1.7K Cr 25.2% | ₹1.4K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹73 Cr 78.8% | ₹345 Cr 387.5% | ₹-120 Cr 126.6% | ₹451 Cr 851.7% | ₹-60 Cr 128.0% | ₹214 Cr 56.2% | ₹137 Cr 3.8% | ₹132 Cr 276.0% | ₹-75 Cr 136.6% | ₹205 Cr |
| Investing CF | ₹-111 Cr 60.2% | ₹-279 Cr 106.7% | ₹-135 Cr 13.4% | ₹-119 Cr 3075.0% | ₹4 Cr 108.7% | ₹-46 Cr | ₹0 Cr 100.0% | ₹-105 Cr 600.0% | ₹21 Cr 950.0% | ₹2 Cr |
| Financing CF | ₹25 Cr 70.9% | ₹86 Cr 59.2% | ₹211 Cr 179.0% | ₹-267 Cr 323.8% | ₹-63 Cr 70.3% | ₹-37 Cr 73.2% | ₹-138 Cr 20.0% | ₹-115 Cr 380.5% | ₹41 Cr 121.8% | ₹-188 Cr |
| Net Cash Flow | ₹-14 Cr 109.2% | ₹152 Cr 437.8% | ₹-45 Cr 169.2% | ₹65 Cr 154.6% | ₹-119 Cr 190.8% | ₹131 Cr 13200.0% | ₹-1 Cr 98.9% | ₹-88 Cr 576.9% | ₹-13 Cr 168.4% | ₹19 Cr |
| Free Cash Flow | ₹-81 Cr 135.5% | ₹228 Cr 169.5% | ₹-328 Cr 181.0% | ₹405 Cr 662.5% | ₹-72 Cr 135.3% | ₹204 Cr 83.8% | ₹111 Cr 404.5% | ₹22 Cr 122.4% | ₹-98 Cr 162.0% | ₹158 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 93d 126.8% | 41d 49.4% | 81d 12.9% | 93d 19.1% | 115d 23.7% | 93d 2.2% | 91d 4.6% | 87d 25.6% | 117d 67.1% | 70d |
| Inventory Days | 190d 93.9% | 98d 16.7% | 84d 15.1% | 73d 14.1% | 85d 22.7% | 110d 134.0% | 47d 62.7% | 126d 157.1% | 49d 11.4% | 44d |
| Days Payable | 180d 136.8% | 76d 8.6% | 70d 59.8% | 174d 30.8% | 133d 17.9% | 162d 33.9% | 121d 30.5% | 174d 85.1% | 94d 25.3% | 75d |
| Cash Conv. Cycle | 104d 65.1% | 63d 33.7% | 95d 1287.5% | -8d 111.9% | 67d 63.4% | 41d 141.2% | 17d 56.4% | 39d 45.1% | 71d 82.1% | 39d |
| Working Capital Days | 38d 15.2% | 33d 52.2% | 69d 200.0% | 23d 32.4% | 34d 342.9% | -14d 182.4% | 17d 32.0% | 25d 45.7% | 46d 35.3% | 34d |
| ROCE | 16.0% 14.3% | 14.0% 40.0% | 10.0% 37.5% | 16.0% 5.9% | 17.0% 30.8% | 13.0% 18.8% | 16.0% 14.3% | 14.0% 75.0% | 8.0% 50.0% | 16.0% |
Source: Screener.in · Lower days = better efficiency