Man Industries

  • Market Cap: Small Cap
  • Industry: Iron & Steel Products
  • ISIN: INE993A01026
  • NSEID: MANINDS
  • BSEID: 513269
INR
337.05
-35.8 (-9.6%)
BSENSE

Mar 23

BSE+NSE Vol: 7.28 lacs

  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

7.28 lacs (81.63%) Volume

Shareholding (Dec 2025)

FII

3.35%

Held by 50 FIIs

DII

1.23%

Held by 1 DIIs

Promoter

43.21%

Who are the top shareholders of the Man Industries?

06-Jun-2025

The top shareholders of Man Industries include promoter Rameshchandra Mansukhani with 16.74% ownership, while individual investors hold 35.61%. Additionally, 42 Foreign Institutional Investors own 2.58%, and the highest public shareholder is Vikas Vijaykumar Khemani with 2.44%.

The top shareholders of Man Industries primarily include the promoters, who hold a significant portion of the company's shares. The promoter with the highest holding is Rameshchandra Mansukhani, owning 16.74% of the shares. Additionally, individual investors collectively hold 35.61% of the shares. <BR><BR>In terms of institutional holdings, there are 42 Foreign Institutional Investors (FIIs) with a combined holding of 2.58%, while mutual funds currently do not hold any shares in the company. The highest public shareholder is Vikas Vijaykumar Khemani, who holds 2.44%. <BR><BR>Overall, the majority of the shares are held by promoters, reflecting a strong insider ownership structure.

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What does Man Industries do?

06-Jun-2025

Man Industries (India) Ltd is a Small Cap company in the Iron & Steel Products industry, incorporated in 1988, with recent quarterly net sales of ₹1,218 Cr and a net profit of ₹68 Cr as of March 2025. Key metrics include a market cap of ₹2,594 Cr, P/E of 17.00, and a return on equity of 9.53%.

Overview: <BR>Man Industries (India) Ltd operates in the Iron & Steel Products industry and is categorized as a Small Cap company.<BR><BR>History: <BR>The company was incorporated on 19 May 1988 and was previously known as MAN Aluminium Limited. It received its Certificate of Commencement of Business on 28 July 1989. The latest reported quarterly results are for March 2025, showing net sales and profit figures.<BR><BR>Financial Snapshot: <BR>Net Sales: 1,218 Cr (Quarterly Results - Mar 2025) <BR>Net Profit: 68 Cr (Quarterly Results - Mar 2025) <BR>Market Cap: Rs 2,594 Cr (Small Cap)<BR><BR>Key Metrics: <BR>P/E: 17.00 <BR>Industry P/E: 33 <BR>Dividend Yield: 0.00% <BR>Debt Equity: 0.04 <BR>Return on Equity: 9.53% <BR>Price to Book: 1.59 <BR><BR>Contact Details: <BR>Address: Man House 101 S V Road, Opp Pawan Hans Vile Parle (W) Mumbai Maharashtra : 400056 <BR>Tel: 91-22-66477500 <BR>Email: enquiry@maninds.org <BR>Website: http://www.mangroup.com

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Has Man Industries declared dividend?

06-Jun-2025

Yes, Man Industries (India) Ltd has declared a 40% dividend, amounting to ₹2 per share, with an ex-date of August 14, 2023. Despite the dividend declaration, the dividend yield is 0%, but the company has shown strong total returns over various periods, particularly in the long term.

Man Industries (India) Ltd has declared a 40% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 40%<BR>- Amount per share: 2<BR>- Ex-date: 14 Aug 23<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was 10.53%, with no dividend return, resulting in a total return of 10.53%.<BR><BR>Over the past year, the price return was 15.22%, with no dividend return, leading to a total return of 15.22%.<BR><BR>In the 2-year period, the price return was 194.4%, with a dividend return of 1.39%, culminating in a total return of 195.79%.<BR><BR>For the 3-year period, the price return was 391.38%, with a dividend return of 2.79%, resulting in a total return of 394.17%.<BR><BR>In the last 4 years, the price return was 298.28%, with a dividend return of 3.76%, giving a total return of 302.04%.<BR><BR>Over the 5-year period, the price return was 797.23%, with a dividend return of 12.99%, leading to a total return of 810.22%.<BR><BR>Overall, while Man Industries has declared a dividend, the dividend yield remains at 0%, indicating that the dividend may not significantly impact the total returns, which have been robust across all periods, particularly in the longer term.

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Who are the peers of the Man Industries?

03-Jun-2025

Peers of Man Industries include APL Apollo Tubes, Welspun Corp, Shyam Metalics, Ratnamani Metals, Jindal Saw, Vardhman Special, Welspun Special, Aeroflex, and Hi-Tech Pipes. In terms of performance, Welspun Corp leads with a 1-year return of 68.43%, while Man Industries has a return of 4.69%.

Peers: The peers of Man Industries are APL Apollo Tubes, Welspun Corp, Shyam Metalics, Ratnamani Metals, Jindal Saw, Vardhman Special, Welspun Special, Aeroflex, and Hi-Tech Pipes.<BR><BR>Quality Snapshot: Excellent management risk is observed at APL Apollo Tubes, while Good management risk is found at Welspun Corp, Shyam Metalics, Ratnamani Metals, Vardhman Special, and Hi-Tech Pipes, and Average management risk is present at Jindal Saw, Man Industries, Aeroflex, and Rama Steel Tubes. Growth is Excellent at APL Apollo Tubes and Jindal Saw, Good at Vardhman Special and Shyam Metalics, Average at Welspun Corp, Ratnamani Metals, Hi-Tech Pipes, and the rest, and Below Average at Man Industries, Welspun Special, Aeroflex, and Jindal Saw. Capital Structure is Excellent at APL Apollo Tubes, Shyam Metalics, and Ratnamani Metals, Good at Man Industries, Vardhman Special, and Welspun Corp, and Below Average at Jindal Saw, Welspun Special, and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Welspun Corp at 68.43%, while the lowest is Jindal Saw at -22.99%. Man Industries has a 1-year return of 4.69%, which is higher than Jindal Saw but significantly lower than Welspun Corp. Additionally, Ratnamani Metals, Jindal Saw, Welspun Special, Aeroflex, and Hi-Tech Pipes have negative six-month returns.

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Who are in the management team of Man Industries?

16-Jul-2025

As of March 2023, the management team of Man Industries includes R C Mansukhani (Executive Chairman), Nikhil Mansukhani (Managing Director), and several independent directors: Pramod Kumar Tandon, Heena Vinay Kalantri, Renu Purshottam Jalan, and Narendra Mairpady, along with Rahul Rawat as Company Secretary & Compliance Officer.

As of March 2023, the management team of Man Industries includes the following individuals:<BR><BR>1. R C Mansukhani - Executive Chairman<BR>2. Nikhil Mansukhani - Managing Director<BR>3. Pramod Kumar Tandon - Independent Director<BR>4. Heena Vinay Kalantri - Director<BR>5. Renu Purshottam Jalan - Independent Director<BR>6. Narendra Mairpady - Independent Director<BR>7. Rahul Rawat - Company Secretary & Compliance Officer<BR><BR>These members play various roles in the governance and operational management of the company.

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How big is Man Industries?

24-Jul-2025

As of 24th July, Man Industries (India) Ltd has a market capitalization of 2,900.00 Cr, with recent net sales of 3,505.36 Cr and a net profit of 153.18 Cr over the last four quarters.

As of 24th July, <BR><BR>Market Cap: Man Industries (India) Ltd has a market capitalization of 2,900.00 Cr, classifying it as a Small Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 3,505.36 Cr, while the sum of Net Profit for the same period is 153.18 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period for the latest annual data is March 2024. Shareholder's Funds stand at 1,404.87 Cr, and Total Assets are valued at 2,415.16 Cr.

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When is the next results date for Man Industries?

05-Aug-2025

The next results date for Man Industries is 11 August 2025.

The next results date for Man Industries is scheduled for 11 August 2025.

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Is Man Industries overvalued or undervalued?

10-Nov-2025

As of November 7, 2025, Man Industries is considered very expensive with a PE ratio of 17.82, an EV to EBITDA of 9.44, and a ROCE of 15.26%, but it remains more attractively priced compared to peers like JSW Steel and Tata Steel, while also outperforming the Sensex with an 18.58% return over the past year.

As of 7 November 2025, the valuation grade for Man Industries has moved from expensive to very expensive, indicating a significant increase in perceived valuation. The company is currently considered overvalued. Key ratios include a PE ratio of 17.82, an EV to EBITDA of 9.44, and a ROCE of 15.26%. <BR><BR>In comparison to its peers, Man Industries' PE ratio is notably lower than that of JSW Steel, which stands at 46.73, and Tata Steel at 46.67, both classified as expensive. This suggests that while Man Industries may appear overvalued, it is still more attractively priced relative to these higher-valued competitors. Additionally, the company's stock has outperformed the Sensex over the past year with a return of 18.58% compared to the Sensex's 4.62%, reinforcing the narrative of its strong performance despite the valuation concerns.

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How has been the historical performance of Man Industries?

14-Nov-2025

Man Industries has shown strong historical performance, with net sales increasing from 2,138.63 Cr in March 2022 to 3,505.35 Cr in March 2025, alongside improved profitability and operational efficiency. Key metrics such as profit after tax and earnings per share have also risen significantly during this period.

Answer:<BR>The historical performance of Man Industries shows a positive trend in net sales and profitability over the past few years, culminating in the fiscal year ending March 2025.<BR><BR>Breakdown:<BR>Man Industries has demonstrated significant growth in net sales, increasing from 2,138.63 Cr in March 2022 to 3,505.35 Cr in March 2025. This upward trajectory reflects a consistent rise in total operating income, which reached 3,505.35 Cr in March 2025, up from 2,138.63 Cr in March 2022. The company's operating profit (PBDIT) also improved, rising to 353.23 Cr in March 2025 from 217.67 Cr in March 2022, indicating enhanced operational efficiency. Profit before tax followed suit, climbing to 208.35 Cr in March 2025 compared to 134.97 Cr in March 2022, while profit after tax reached 153.17 Cr, up from 101.58 Cr in March 2022. The earnings per share (EPS) increased significantly to 23.66 in March 2025 from 17.16 in March 2022. On the balance sheet, total assets rose sharply to 3,779.15 Cr in March 2025 from 1,819.90 Cr in March 2022, driven by increases in inventories and trade payables. Total liabilities also increased, reaching 3,779.15 Cr in March 2025, reflecting the company's growing operational scale. Cash flow from operating activities showed a positive trend, with a net cash inflow of 56.00 Cr in March 2025, compared to a net outflow of 45.00 Cr in March 2023, indicating improved cash management. Overall, Man Industries has shown robust growth in sales, profitability, and asset base, positioning itself favorably in the market.

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Is Man Industries technically bullish or bearish?

02-Dec-2025

As of December 1, 2025, the trend is mildly bullish with supportive indicators like a bullish MACD and moving averages, but caution is advised due to mildly bearish signals from the KST and a lack of strong conviction in Dow Theory and OBV.

As of 1 December 2025, the technical trend has changed from bullish to mildly bullish. The current stance is mildly bullish, supported by a bullish MACD on both weekly and monthly time-frames, and daily moving averages indicating bullish momentum. However, the KST shows a mildly bearish signal on both weekly and monthly charts, which tempers the overall bullish outlook. Bollinger Bands are also indicating a mildly bullish trend on both weekly and monthly time-frames. The absence of clear trends in Dow Theory and OBV suggests a lack of strong conviction in either direction. Overall, while there are bullish indicators, the presence of mildly bearish signals indicates caution.

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Are Man Industries (India) Ltd latest results good or bad?

09-Feb-2026

Man Industries (India) Ltd's latest Q3 FY26 results show strong profit growth with a net profit increase of 61.31% year-on-year, but revenue declined 0.44% quarter-on-quarter, raising concerns about demand sustainability. While operating margins improved, challenges such as rising interest expenses and reduced promoter stake suggest a mixed outlook for investors.

Man Industries (India) Ltd's latest results for Q3 FY26 present a mixed picture. On the positive side, the company reported a net profit of ₹55.04 crore, which is a significant increase of 61.31% year-on-year and a 48.84% increase quarter-on-quarter. This indicates strong profitability growth and effective cost management.<BR><BR>Revenue, however, showed a decline of 0.44% from the previous quarter, totaling ₹830.38 crore. While this marks a 13.45% increase compared to the same quarter last year, the sequential decline raises concerns about demand sustainability. The operating margin improved to 15.37%, reflecting a 462 basis point increase year-on-year, which is a positive sign of operational efficiency.<BR><BR>Despite the impressive margin expansion and profit growth, the revenue stagnation and rising interest expenses, which reached ₹38.19 crore, pose challenges. Additionally, the company's promoter stake reduction and minimal institutional interest indicate a lack of confidence among some investors.<BR><BR>Overall, while the profitability metrics are strong, the revenue concerns and operational challenges suggest that the results are not entirely positive. Investors may need to weigh these factors carefully when assessing the company's future outlook.

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Should I buy, sell or hold Man Industries (India) Ltd?

10-Feb-2026

Why is Man Industries (India) Ltd falling/rising?

17-Mar-2026

As of 17-Mar, Man Industries (India) Ltd's stock price is currently at 397.00, showing a slight upward trend despite recent challenges and underperformance in the sector. The stock has gained 0.76% over the last two days and is up 2.85% year-to-date, contrasting with the Sensex's decline.

As of 17-Mar, Man Industries (India) Ltd's stock price is rising, currently at 397.00, with a change of 0.65 (0.16%) upwards. The stock has shown a consecutive gain over the last two days, with a total return of 0.76% during this period. Despite underperforming its sector by 3.08% today, the overall trend indicates positive momentum, particularly when considering its year-to-date performance, which is up by 2.85%, contrasting with the Sensex's decline of 10.74% in the same timeframe. <BR><BR>However, it's important to note that the stock has faced challenges recently, including a 7.69% decline over the past month and a significant drop in investor participation, with delivery volume falling by 36.92% compared to the 5-day average. Additionally, while the stock is currently above the 50-day moving average, it is below the 5-day, 20-day, 100-day, and 200-day moving averages, indicating mixed signals regarding its short-term performance. Overall, the recent rise in stock price can be attributed to a brief recovery phase following a period of underperformance, alongside a generally positive long-term trend over the past year and three years.

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Why is Man Industries (India) Ltd falling/rising?

18-Mar-2026

As of 18-Mar, Man Industries (India) Ltd's stock price has declined to 384.75, reflecting a drop of -2.99%. This decline is driven by underperformance against its sector, decreased investor participation, and concerning recent performance metrics despite strong long-term returns.

As of 18-Mar, Man Industries (India) Ltd is experiencing a decline in its stock price, currently at 384.75, which reflects a change of -11.85 (-2.99%). This downward movement can be attributed to several factors highlighted in the provided data. <BR><BR>Firstly, the stock has underperformed its sector by -4.12% today and has fallen after two consecutive days of gains, indicating a trend reversal. The stock reached an intraday high of Rs 406.65 but also touched a low of Rs 381.95, suggesting volatility within the trading day. Additionally, the weighted average price indicates that more volume was traded closer to the low price, which may signal bearish sentiment among investors.<BR><BR>Investor participation has also decreased, with delivery volume on 17 March falling by -64.35% compared to the 5-day average. This decline in participation can contribute to downward pressure on the stock price. Although the company has a low debt-to-equity ratio and has shown strong profit growth over the past year, the overall market conditions and recent performance metrics, such as a -5.8% decline in net sales, are concerning. <BR><BR>Furthermore, despite the stock's impressive long-term performance, with a 49.62% return over the past year, the recent flat results and poor long-term growth indicators, such as a low debtors turnover ratio and high interest expenses, may lead investors to reassess their positions, contributing to the stock's current decline.

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Why is Man Industries (India) Ltd falling/rising?

19-Mar-2026

As of 19-Mar, Man Industries (India) Ltd's stock price is Rs 370.50, down 3.7%, and has declined 6.58% over the last two days. Despite a positive annual return of 38.82%, the stock has underperformed recently, with significant drops over the past week and month, indicating a bearish trend influenced by weak financial performance and sector declines.

As of 19-Mar, Man Industries (India) Ltd is experiencing a decline in its stock price, currently at Rs 370.50, reflecting a change of -14.25 (-3.7%). The stock has underperformed the sector by -0.42% today and has been on a consecutive fall for the last two days, resulting in a total decline of -6.58% during this period. The stock touched an intraday low of Rs 365.55, indicating a significant drop of -4.99%.<BR><BR>In terms of performance over various periods, the stock has shown a negative trend, with a -9.73% decline over the past week and a -13.26% drop over the past month. Although it has generated a positive return of +38.82% over the last year, this is contrasted by a year-to-date decline of -4.02%. The stock is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which typically indicates a bearish trend.<BR><BR>Additionally, the overall sector, specifically Steel/Sponge Iron/Pig Iron, has fallen by -3.29%, contributing to the stock's decline. Despite an increase in investor participation, with delivery volume rising by 109.9% against the 5-day average, the liquidity remains low, with the stock trading at only 2% of the 5-day average traded value.<BR><BR>The company's financial performance has also raised concerns, as net sales have decreased by -5.8% compared to the previous quarter average, and the debtors turnover ratio is at its lowest. Although institutional investors have increased their stake, the overall growth metrics, including a low annual growth rate in net sales and operating profit, suggest underlying weaknesses that may be influencing the stock's downward trajectory.

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Why is Man Industries (India) Ltd falling/rising?

20-Mar-2026

As of 20-Mar, Man Industries (India) Ltd's stock price is rising to Rs 372.00, following a trend reversal after two days of decline, driven by increased investor participation and strong fundamentals. Despite underperforming its sector slightly, the stock has shown significant growth over the past year, reflecting positive momentum and investor confidence.

As of 20-Mar, Man Industries (India) Ltd's stock price is rising, currently at Rs 372.00, reflecting a change of 5.5 (1.5%) upward. This increase follows a trend reversal after two consecutive days of decline. The stock reached an intraday high of Rs 380.6, indicating positive momentum during the trading day.<BR><BR>Despite the stock's recent performance being lower than its sector by 1.44%, there are several factors contributing to its rise. Notably, there has been a significant increase in investor participation, with delivery volume rising by 16.21% compared to the five-day average, suggesting growing interest among investors. Additionally, the steel sector, in which Man Industries operates, has gained by 2.93%, which may positively influence the stock's performance.<BR><BR>The company also exhibits strong fundamentals, with a low debt-to-equity ratio of 0.01 times and a return on equity (ROE) of 8.5, indicating fair valuation. Over the past year, the stock has generated a return of 36.87%, significantly outperforming the broader market, which has seen a decline. Furthermore, institutional investors have increased their stake by 0.61% in the previous quarter, reflecting confidence in the company's future prospects.<BR><BR>In summary, the combination of a trend reversal, increased investor participation, positive sector performance, and strong fundamentals are driving the rise in Man Industries (India) Ltd's stock price.

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iScoreScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy

Dashboard

1

Poor long term growth as Net Sales has grown by an annual rate of 10.29% and Operating profit at 15.60% over the last 5 years

 
2

Flat results in Dec 25

stock-summaryMojo Parameters

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

stock-summary
Industry

Iron & Steel Products

stock-summary
Market cap

INR 2,645 Cr (Small Cap)

stock-summary
P/E

15.00

stock-summary
Industry P/E

26

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

0.05

stock-summary
Return on Equity

8.48%

stock-summary
Price to Book

1.42

Revenue and Profits:
Net Sales:
830 Cr
(Quarterly Results - Dec 2025)
Net Profit:
55 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-15.8%
0%
-15.8%
6 Months
-25.61%
0%
-25.61%
1 Year
25.65%
0%
25.65%
2 Years
-7.44%
0%
-7.44%
3 Years
257.65%
2.16%
259.81%
4 Years
292.15%
4.06%
296.21%
5 Years
313.56%
5.15%
318.71%

Latest dividend: 2 per share ex-dividend date: Aug-14-2023

Risk Adjusted Returns v/s stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryNews & Corporate Actions

News

Announcements stock-summary

Intimation Regarding Impact Of Current Geopolitical Situation

05-Mar-2026 | Source : BSE

As per attachment.

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

05-Mar-2026 | Source : BSE

We wish to inform you that a virtual meet of Investor/Analyst is scheduled to be held on March 11 2026.

Newspaper Advertisement - Special Window For Transfer And Dematerialisation Of Physical Securities.

26-Feb-2026 | Source : BSE

We are enclosing herewith the newspaper advertisement in respect of Notice of Special Window for Transfer and Dematerialization of Physical Shares.

Corporate Actions stock-summary

stock-summary
BOARD MEETING

No Upcoming Board Meetings

stock-summary
DIVIDEND

Man Industries (India) Ltd has declared 40% dividend, ex-date: 14 Aug 23

stock-summary
SPLITS

Man Industries (India) Ltd has announced 5:10 stock split, ex-date: 09 Oct 07

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BONUS

No Bonus history available

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RIGHTS

No Rights history available

stock-summaryKey Factors

Quality key factors stock-summary

Factor
Value
Sales Growth (5y)
10.29%
EBIT Growth (5y)
15.60%
EBIT to Interest (avg)
2.59
Debt to EBITDA (avg)
1.10
Net Debt to Equity (avg)
0.05
Sales to Capital Employed (avg)
1.90
Tax Ratio
26.41%
Dividend Payout Ratio
0
Pledged Shares
20.05%
Institutional Holding
4.62%
ROCE (avg)
15.76%
ROE (avg)
8.74%

Valuation key factors

Factor
Value
P/E Ratio
15
Industry P/E
26
Price to Book Value
1.42
EV to EBIT
8.20
EV to EBITDA
6.90
EV to Capital Employed
1.40
EV to Sales
0.80
PEG Ratio
0.31
Dividend Yield
NA
ROCE (Latest)
15.18%
ROE (Latest)
8.48%

Technicals key factors

Indicator
Weekly
Monthly
MACD
Bullish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Mildly Bullish
Moving Averages
Bearish (Daily)
KST
Bearish
Bullish
Dow Theory
Mildly Bearish
No Trend
OBV
Mildly Bearish
No Trend
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Dec 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Non Institution

Pledged Promoter Holdings

20.0543

Mutual Funds

Held by 1 Schemes (0.0%)

FIIs

Held by 50 FIIs (3.35%)

Promoter with highest holding

Rameshchandra Mansukhani (15.0%)

Highest Public shareholder

Suresh Kumar Agarwal (3.04%)

Individual Investors Holdings

33.67%

stock-summaryFinancial
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        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "10.80%",
          "val2": "6.53%",
          "chgp": "4.27%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "header": "Nine Monthly Results Snapshot (Consolidated) - Dec'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in nine months ended Dec 2025 is 5.24% vs -1.91% in Dec 2024",
        "dir": 1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in nine months ended Dec 2025 is 40.69% vs 4.94% in Dec 2024",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Dec'25",
        "Dec'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "2,406.60",
          "val2": "2,286.87",
          "chgp": "5.24%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "297.84",
          "val2": "180.23",
          "chgp": "65.26%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "98.17",
          "val2": "64.70",
          "chgp": "51.73%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "119.63",
          "val2": "85.03",
          "chgp": "40.69%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "12.38%",
          "val2": "7.88%",
          "chgp": "4.50%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Consolidated) - Mar'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Mar 2025 is 11.56% vs 40.82% in Mar 2024",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Mar 2025 is 45.68% vs 56.83% in Mar 2024",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Mar'25",
        "Mar'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "3,505.35",
          "val2": "3,142.18",
          "chgp": "11.56%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "301.41",
          "val2": "241.17",
          "chgp": "24.98%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "99.63",
          "val2": "87.83",
          "chgp": "13.44%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "153.17",
          "val2": "105.14",
          "chgp": "45.68%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "8.60%",
          "val2": "7.68%",
          "chgp": "0.92%",
          "chgp_class": "positive"
        }
      ]
    }
  }
]

Quarterly Results Snapshot (Consolidated) - Dec'25 - QoQstock-summary

Dec'25
Sep'25
Change(%)
Net Sales
830.38
834.09
-0.44%
Operating Profit (PBDIT) excl Other Income
127.63
121.10
5.39%
Interest
38.19
30.21
26.42%
Exceptional Items
0.00
0.00
Consolidate Net Profit
55.04
36.98
48.84%
Operating Profit Margin (Excl OI)
15.37%
14.52%
0.85%
Values in Rs Cr.
Direction Arrows
Net Sales

QoQ Growth in quarter ended Dec 2025 is -0.44% vs 12.39% in Sep 2025

Direction Arrows
Consolidated Net Profit

QoQ Growth in quarter ended Dec 2025 is 48.84% vs 33.89% in Sep 2025

Half Yearly Results Snapshot (Consolidated) - Sep'25stock-summary

Sep'25
Sep'24
Change(%)
Net Sales
1,576.22
1,554.93
1.37%
Operating Profit (PBDIT) excl Other Income
170.21
101.50
67.69%
Interest
59.98
38.53
55.67%
Exceptional Items
0.00
0.00
Consolidate Net Profit
64.59
50.91
26.87%
Operating Profit Margin (Excl OI)
10.80%
6.53%
4.27%
Values in Rs Cr.
Direction Arrows
Net Sales

Growth in half year ended Sep 2025 is 1.37% vs 3.77% in Sep 2024

Direction Arrows
Consolidated Net Profit

Growth in half year ended Sep 2025 is 26.87% vs 0.95% in Sep 2024

Nine Monthly Results Snapshot (Consolidated) - Dec'25stock-summary

Dec'25
Dec'24
Change(%)
Net Sales
2,406.60
2,286.87
5.24%
Operating Profit (PBDIT) excl Other Income
297.84
180.23
65.26%
Interest
98.17
64.70
51.73%
Exceptional Items
0.00
0.00
Consolidate Net Profit
119.63
85.03
40.69%
Operating Profit Margin (Excl OI)
12.38%
7.88%
4.50%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in nine months ended Dec 2025 is 5.24% vs -1.91% in Dec 2024

Direction Arrows
Consolidated Net Profit

YoY Growth in nine months ended Dec 2025 is 40.69% vs 4.94% in Dec 2024

Annual Results Snapshot (Consolidated) - Mar'25stock-summary

Mar'25
Mar'24
Change(%)
Net Sales
3,505.35
3,142.18
11.56%
Operating Profit (PBDIT) excl Other Income
301.41
241.17
24.98%
Interest
99.63
87.83
13.44%
Exceptional Items
0.00
0.00
Consolidate Net Profit
153.17
105.14
45.68%
Operating Profit Margin (Excl OI)
8.60%
7.68%
0.92%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2025 is 11.56% vs 40.82% in Mar 2024

Direction Arrows
Consolidated Net Profit

YoY Growth in year ended Mar 2025 is 45.68% vs 56.83% in Mar 2024

stock-summaryCompany CV
About Man Industries (India) Ltd stock-summary
stock-summary
Man Industries (India) Ltd
Small Cap
Iron & Steel Products
The Man Group was promoted by the Mansukhani family in the 1970.The flagship Company of MAN Group (UK), MAN Industries (India) Limited (erstwhile MAN Aluminium Limited) an ISO - 9001 Company incorporated on 19 May, 1988 with a project to manufacture Aluminium Extrusions. The Company received the Certificate of Commencement of Business on 28 July, 1989.
Company Coordinates stock-summary
Company Details
Man House 101 S V Road, Opp Pawan Hans Vile Parle (W) Mumbai Maharashtra : 400056
stock-summary
Tel: 91-22-66477500
stock-summary
enquiry@maninds.org
Registrar Details
Link Intime India Pvt Ltd, C-13 Pannalal Silk Compound, L B S Marg, Bhandup , Mumbai