Man Industries (India) Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Efficient capital deployment (ROCE 16.2%)
- Attractively valued vs sector (P/E 29x vs industry 48.4x)
- Low debt relative to equity (D/E 0.3x)
Concerns
- Trading near 52-week high (₹809)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HAL Hindustan Aeronautics Limited | ₹4,856 | ₹3.2L Cr | 34.8 | 7.91 | 24 | 32 | 0 |
| BEL Bharat Electronics Limited | ₹405 | ₹3.0L Cr | 48.2 | 12.36 | 27.4 | 36.4 | 0 |
| TMCV Tata Motors Limited | ₹475 −0.03% | ₹1.7L Cr | 22.7 | 10.71 | 34 | 35.9 | 0.44 |
| ABB ABB India Limited | ₹7,410 | ₹1.6L Cr | 102 | 16.8 | 22.4 | 29.9 | 0.02 |
| BHEL Bharat Heavy Electricals Limited | ₹431 | ₹1.5L Cr | 61.7 | 5.74 | 6.23 | 9.14 | 0.45 |
| SIEMENS Siemens Limited | ₹3,977 | ₹1.4L Cr | 94.2 | 10.22 | 19.2 | 21.4 | 0.01 |
| CGPOWER CG Power and Industrial Solutions Limited | ₹891 | ₹1.4L Cr | 110 | 17.61 | 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 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 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
Man Industries files copy of newspaper publication
*Man Industries files copy of newspaper publication.* This is a routine disclosure compliance filing with the exchange. **No financial or operational impact** is expected. Such filings are standard practice under SEBI regulations. 📊 *STOCKS:* MANINDS | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Filing
MAN Industries targets ₹1,200Cr earnings by FY29 via Saudi acquisition
*MAN Industries targets ₹1,200Cr earnings by FY29 via Saudi acquisition* — MD Nikhil Mansukhani outlines growth strategy centered on international expansion. The Saudi acquisition is expected to significantly boost revenue and profitability. **₹1,200 crore** EBITDA target by **FY29** marks aggressive scaling plans. Integration and execution risks remain key watchpoints. 📊 *STOCKS:* MANINDS | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Acquisition
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 event. Such meets typically provide clarity on operational performance and future guidance. No major financial announcements were reported. 📊 *STOCKS:* MANINDS | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #InvestorMeet
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 2.5% | ₹3.2K Cr 10.4% | ₹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 45.8% | ₹301 Cr 24.9% | ₹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% 33.3% | 9.0% 12.5% | 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 44.2% | ₹52 Cr 0.0% | ₹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 52.0% | ₹100 Cr 13.6% | ₹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 | ₹68 Cr 80.3% | ₹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 | ₹-41 Cr 85.3% | ₹-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 | ₹30 Cr 65.1% | ₹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 | ₹56 Cr 63.2% | ₹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 | ₹-86 Cr 137.7% | ₹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