Man Industries

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

As of 19-Aug, the stock price of Man Industries (India) Ltd is at 643.00, down 1.6 (-0.25%), but it has a strong year-to-date increase of 66.58% and a one-year return of 60.23%. The recent decline is attributed to a temporary trend reversal and reduced trading activity, while overall performance remains robust with increasing institutional interest and strong financial health.

As of 19-Aug, the stock price of Man Industries (India) Ltd is currently at 643.00, reflecting a decrease of 1.6 (-0.25%). Despite this decline, the stock has shown strong performance over various time frames, with a year-to-date increase of 66.58% and a one-year return of 60.23%. The stock has outperformed the benchmark Sensex, which has seen a decline of 9.75% year-to-date.<BR><BR>Today's performance indicates that the stock has underperformed its sector by 0.54%, and it has experienced a trend reversal after three consecutive days of gains. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 44.3% compared to the five-day average. This decline in trading activity may contribute to the current drop in stock price.<BR><BR>On a positive note, the stock is trading above its moving averages across various periods, indicating a generally strong trend. Furthermore, institutional investors have increased their stake in the company, suggesting confidence in its fundamentals. The company also boasts a low debt-to-equity ratio and strong cash reserves, which are positive indicators for its financial health.<BR><BR>In summary, while the stock is currently experiencing a slight decline, its overall performance remains robust, supported by strong long-term returns and increasing institutional interest. The recent drop can be attributed to a temporary trend reversal and reduced trading activity rather than fundamental weaknesses.

Which are the latest news on Man Industries?

Who are in the management team of Man Industries?

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. They oversee the company's strategic direction and regulatory compliance.

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>This team is responsible for guiding the company's strategic direction and ensuring compliance with regulatory requirements.

What does Man Industries do?

Man Industries (India) Ltd is a small-cap company in the Iron & Steel Products industry, primarily manufacturing Aluminium Extrusions. As of June 2026, it reported net sales of ₹1,053 Cr and a net profit of ₹61 Cr, with a market cap of ₹4,396 Cr.

Overview:<BR>Man Industries (India) Ltd is a small-cap company operating in the Iron & Steel Products industry, primarily engaged in the manufacturing of Aluminium Extrusions.<BR><BR>History:<BR>The company was incorporated on 19 May 1988 and was formerly known as MAN Aluminium Limited. It received its Certificate of Commencement of Business on 28 July 1989. The latest quarterly results reported net sales and net profit for June 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 1,053 Cr (Quarterly Results - Jun 2026)<BR>- Net Profit: 61 Cr (Quarterly Results - Jun 2026)<BR>- Market cap: INR 4,396 Cr (Small Cap)<BR><BR>Key Metrics:<BR>- P/E: 21.00<BR>- Industry P/E: 24<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: -0.05<BR>- Return on Equity: 8.17%<BR>- Price to Book: 2.16<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

Who are the peers of the Man Industries?

Peers of Man Industries include Shivalik Bimetal, Aeroflex, Bansal Wire Inds, Surya Roshni, Electrost.Cast., Goodluck India, Kalyani Steels, Sambhv Steel, and Venus Pipes. Man Industries has a 1-year return of 44.22%, lower than Shivalik Bimetal's 102.63% but higher than Bansal Wire Inds' -12.17%.

Peers: The peers of Man Industries are Shivalik Bimetal, Aeroflex, Bansal Wire Inds, Surya Roshni, Electrost.Cast., Goodluck India, Kalyani Steels, Sambhv Steel, and Venus Pipes.<BR><BR>Quality Snapshot: Excellent management risk is observed at Shivalik Bimetal and Venus Pipes, while Good management risk is found at Sambhv Steel and Vardhman Special. Average management risk is present at Aeroflex, Bansal Wire Inds, Surya Roshni, Kalyani Steels, and Goodluck India, and the rest. Below Average management risk is noted for Electrost.Cast. and Man Industries. Growth is Excellent at Sambhv Steel and Venus Pipes, Good at Bansal Wire Inds and Goodluck India, Average at Shivalik Bimetal, Aeroflex, and the rest, Below Average at Surya Roshni, Electrost.Cast., Kalyani Steels, and Man Industries. Capital Structure is Excellent at Shivalik Bimetal, Surya Roshni, and Kalyani Steels, Good at Man Industries and Venus Pipes, Average at Electrost.Cast., and Below Average at Goodluck India.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Shivalik Bimetal at 102.63%, while the lowest is Bansal Wire Inds at -12.17%. Man Industries has a 1-year return of 44.22%, which is significantly higher than Bansal Wire Inds but lower than Shivalik Bimetal. Additionally, the peers with negative six-month returns are Surya Roshni and Electrost.Cast.

How big is Man Industries?

As of 14th August, Man Industries (India) Ltd has a market capitalization of 4,514.08 Cr, with net sales of 3,874.90 Cr and a net profit of 204.30 Cr reported in the latest four quarters.

As of 14th August, Man Industries (India) Ltd has a market capitalization of 4,514.08 Cr, categorizing it as a Small Cap company.<BR><BR>In the latest four quarters, the company reported net sales of 3,874.90 Cr and a net profit of 204.30 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, with shareholder's funds amounting to 1,607.26 Cr and total assets of 3,779.15 Cr.

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

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

Man Industries (India) Ltd's latest results show a 39.37% quarter-on-quarter revenue growth to ₹1,157.30 crores, but a 25.39% decline in net profit raises concerns about profitability and operational challenges. Overall, while revenue growth is positive, the significant drop in profit and margin compression suggest a negative outlook.

Man Industries (India) Ltd's latest results present a mixed picture. On one hand, the company reported a significant quarter-on-quarter revenue growth of 39.37%, reaching ₹1,157.30 crores in Q4 FY26. This indicates a recovery in order execution and capacity utilization. However, year-on-year, the revenue showed a modest decline of 5.02%, which reflects ongoing challenges in the industry.<BR><BR>The net profit for the quarter was ₹50.85 crores, which is a decline of 25.39% compared to the same quarter last year and a decrease of 7.61% from the previous quarter. This decline in profitability is concerning, especially as the operating margin (excluding other income) fell to 12.07%, down 321 basis points from the previous quarter. The increase in interest costs, which peaked at ₹52.27 crores, further constrains profitability and highlights the company's rising debt servicing burden.<BR><BR>Overall, while the revenue growth is a positive sign, the significant drop in net profit and the compression of margins indicate operational challenges that investors should closely monitor. The results suggest that despite some recovery in sales, profitability concerns remain prominent, making the overall assessment of the latest results lean towards the negative side.

When is the next results date for Man Industries (India) Ltd?

The next results date for Man Industries (India) Ltd is 25 May 2026.

The next results date for Man Industries (India) Ltd is scheduled for 25 May 2026.

Is Man Industries technically bullish or bearish?

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.

How has been the historical performance of Man Industries?

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.

Is Man Industries overvalued or undervalued?

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.

Who are the top shareholders of the Man Industries?

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.

Has Man Industries declared dividend?

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.