Man Industries (India) Limited

NSE: MANINDS · Capital Goods

Overview

Man Industries (India) Limited Share Price & Analysis

₹527.2▼ -1.60%Updated 21 Jul 2026, 05:01 pm IST
LTP
₹527.2
-1.6%
Open
₹—
High
₹536.5
Low
₹525.45
Close
₹527.2
52W High
₹625
52W Low
₹302
Volume
92K
Lot Size
1
Sector
Capital Goods
Market Cap
₹4K Cr
Face Value
₹5
Small Cap

Price Chart

Fundamentals

P/E
23.3
Sector P/E
52.7
P/B
1.9
EPS
₹26.91
ROE
9.23%
ROCE
16.2%
D/E Ratio
0.3
Div Yield
0%
Book Value
₹278
+

Strengths

  • ✓Efficient capital deployment (ROCE 16.2%)
  • ✓Attractively valued vs sector (P/E 23.3x vs industry 52.7x)
  • ✓Low debt relative to equity (D/E 0.3x)

Peer Comparison

CompanyCMPMkt CapP/EP/BROE %ROCE %D/E
HAL
Hindustan Aeronautics Limited
₹4,568
₹3.0L Cr337.4424320
BEL
Bharat Electronics Limited
₹407
₹3.0L Cr49.412.4127.636.50
ABB
ABB India Limited
₹7,530
₹1.6L Cr10420.3522.429.90.01
TMCV
Tata Motors Limited
₹412
+0.59%
₹1.5L Cr38.610.713435.90.44
CUMMINSIND
Cummins India Limited
₹5,590
₹1.5L Cr62.318.2730.239.50
BHEL
Bharat Heavy Electricals Limited
₹417
₹1.5L Cr60.45.556.239.140.45
CGPOWER
CG Power and Industrial Solutions Limited
₹912
₹1.4L Cr11818.0220.526.70.02

Showing 7 peers in the same sector · Sorted by market cap

Shareholding Pattern

MANINDS · as of Mar 2026

Promoters46.20%▲0.05
FII3.33%▲1.17
DII1.03%▼1.61
Public49.43%▲0.38
CategoryDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters49.61%46.15%46.12%46.15%46.15%46.20%
FII2.14%1.64%1.84%2.52%2.16%3.33%
DII0.64%3.31%3.31%3.27%2.64%1.03%
Public47.60%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

Results24 May 2026

Annual General Meeting

AGM18 Sept 2024

Annual General Meeting

AGM13 Sept 2023

Interim Dividend - Rs 2 Per Share

Record: 15 Aug 2023

Dividend13 Aug 2023

Latest News

All news →

Man 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

NSE Filing8 Jun
High Impact

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

NSE Filing18 Jun
Medium Impact

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

Fortune India10 Jul
Medium Impact

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

NSE Filing24 Jun
Low Impact

Man Industries posts strong earnings, analysts flag concerns.

*Man Industries posts strong earnings, analysts flag concerns.* Despite robust financial performance, simplywall.st highlights key risks requiring investor attention. Margins and sustainability of earnings growth are under scrutiny. Valuation appears stretched given sector headwinds. 📊 *STOCKS:* MANINDS | 🏢 *SECTOR:* Metals | #MEDIUMIMPACT #Earnings

simplywall.st1 Jun
Medium Impact

Man Industries posts strong earnings, watch debt levels

*Man Industries posts strong earnings, watch debt levels.* The company reported robust financial performance with net profit rising **28% YoY** to ₹120 crore on sales growth of **15%** to ₹1,850 crore. However, high interest costs and **debt of ₹1,200 crore** warrant caution despite operational improvement. Investors should assess sustainability of margins and leverage. 📊 *STOCKS:* MANINDS | 🏢 *SECTOR:* Metals | #MEDIUMIMPACT #Earnings

simplywall.st1 Jun
Medium Impact

Man Industries posts strong earnings, but caution advised.

*Man Industries posts strong earnings, but caution advised.* Investors should consider underlying risks despite robust financial performance. The report highlights **strong revenue growth** and improved margins, though sustainability remains under scrutiny. Valuation concerns and sectoral headwinds warrant a careful outlook. 📊 *STOCKS:* MANINDS | 🏢 *SECTOR:* Earnings | #MEDIUMIMPACT #Earnings

simplywall.st1 Jun
Medium Impact

Analyst downgrades Man Industries stock outlook

*Analyst downgrades Man Industries stock outlook* following concerns over near-term performance. The downgrade reflects weaker projected earnings and operational challenges ahead. While long-term fundamentals remain debated, near-term risks have increased. 📊 *STOCKS:* MANINDS | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #downgrade

simplywall.st31 May
Medium Impact

Financials

Quarterly Results

MetricDec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 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

MetricMar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 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

ItemSep 2025Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 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

ItemMar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 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

MetricMar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 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

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Frequently Asked Questions

What is Man Industries (India) Limited share price today?▾
Man Industries (India) Limited (MANINDS) is currently trading at ₹527.2 on NSE, down 1.60% as of the last market session. Prices update daily after market close on MarketNetra.
Is Man Industries (India) Limited available in F&O (Futures & Options)?▾
Yes, Man Industries (India) Limited (MANINDS) is part of the NSE F&O segment with a lot size of 1 shares. Options are available with monthly expiry contracts. You can track the full option chain and OI analysis on MarketNetra.
What is Man Industries (India) Limited 52-week high and low?▾
Man Industries (India) Limited's 52-week high is ₹625 and the 52-week low is ₹302. The current price of ₹527.2 is 15.6% below the 52W high.
What is Man Industries (India) Limited P/E ratio?▾
Man Industries (India) Limited's current P/E ratio is 23.3. This indicates the market is paying ₹23.3 for every ₹1 of earnings. Compare this to the sector average to assess relative valuation.
How to trade Man Industries (India) Limited options?▾
Man Industries (India) Limited options are traded on NSE with monthly expiry contracts (lot size: 1 shares). To trade MANINDS options: select your expiry on the option chain page, identify key OI strikes, check the PCR and buildup type on OI analysis, and review FII/DII flows for institutional sentiment before taking a position.