Man Industries (India) Ltd Stock Analysis

BSE: 513269 | NSE: MANINDS | Castings/Forgings | Small Cap

BSE Share Price 04-Oct-2022 18:01
93.05 0.50 (0.54%)

DeciZen - Make an Informed Decision on Man Industries

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Man Industries Price Chart

P/E Ratio (SA) :
6.05
Market Cap :
559.3 Cr.
52-wk low :
69.6
52-wk high :
119.2
Bole Toh?

1. Is Man Industries (India) Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Man Industries (India) Ltd is a below average quality company.

2. Is Man Industries (India) Ltd undervalued or overvalued?

The key valuation ratios of Man Industries (India) Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Man Industries (India) Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Man Industries (India) Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Man Industries:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Man Industries (India) Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 13.4%3.5%7.4%12.4%4%8.4%10.5%10.2%11.6%10.7%-
Value Creation Index -0.1-0.8-0.5-0.1-0.7-0.4-0.3-0.3-0.2-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,4621,0051,3641,3911,0601,5722,2151,7592,0752,0942,186
YoY Gr. Rt. %--31.2%35.7%2%-23.8%48.3%40.9%-20.6%18%0.9%-
Adj EPS 20.627.513.32.41010.39.815.514.715.4
YoY Gr. Rt. %--90.3%277.9%76.3%-82%316.3%3.2%-4.5%57.8%-4.8%-
BVPS (₹) 119.2116.285.699.7105.1114.4122.9130.4145158.6158.9
Adj Net Profit 12311.44375.713.656.858.65688.487.292
Cash Flow from Ops. -467225112208-76.4160138213-59.8438-
Debt/CF from Ops. -1.2241.7-5.92.31.81.3-4.90.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 4.1%14.6%-1.9%0.9%
Adj EPS -3.6%43.9%12.8%-4.8%
BVPS 3.28.68.99.4
Share Price -7.8% 1% 30.5% -20.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 18.11.77.514.32.39.18.77.811.29.89.7
Op. Profit Mgn % 13.65.58.48.54.37.889.59.98.67.5
Net Profit Mgn % 8.41.13.25.51.33.62.73.24.34.24.2
Debt to Equity 0.80.70.90.60.70.60.40.40.40.1-
Working Cap Days 2203622391912352141742202042040
Cash Conv. Cycle 344821396346243850390

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 9.70%

Net Profit is growing at healthy rate in last 3 years 12.77%

Sales growth has been subdued in last 3 years -1.86%

Sales growth is not so good in last 4 quarters at 6.58%

Latest Financials - Man Industries (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 15.4 15.3
TTM Sales (₹ Cr.) 2,186 2,245
BVPS (₹.) 158.9 159.2
Reserves (₹ Cr.) 925 926
P/BV 0.59 0.58
PE 6.05 6.06
From the Market
52 Week Low / High (₹) 69.55 / 119.20
All Time Low / High (₹) 1.85 / 238.35
Market Cap (₹ Cr.) 559
Equity (₹ Cr.) 30.1
Face Value (₹) 5
Industry PE 14.3

Management X-Ray of Man Industries :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *41.5141.4041.4010.8210.8210.8233.4033.4030.8729.61
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Man Industries

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Man Industries (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Man Industries on 04-Oct-2022 18:01 is : 93.05.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Oct-2022 18:01 the market cap of Man Industries stood at ₹ 559.3.
The latest PE ratio of Man Industries as of 04-Oct-2022 18:01 is 6.05.
The latest PB ratio of Man Industries as of 04-Oct-2022 18:01 is 0.59
The 52-week high of Man Industries is ₹ 119.2 and the 52-week low is ₹ 69.55.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Man Industries is ₹ 2,186 ( Cr.) .

About Man Industries (India) Ltd

Man Industries (India) incorporated in 1988, is engaged in manufacturing of LSAW Line Pipes, Hsaw Line Pipes and Aluminium Extruded Products.

The company is part of Man Group, UK that is promoted by Mr. R C Mansukhani and Mr. J C Mansukhani.

Company has received various certifications such as API, ISO-9001, ISO-9002, ISO-14001, and ISO-18001 for its quality management.

In India, the company has clientele namely Gas Authority of India, Indian Oil corporation, Bharat Petroleum Corporation, Hindustan Petroleum Corporation, ONGC, India, Engineers India, Reliance Industries, Essar Constructions, Larsen & Toubro, Bharat Heavy Electricals, Adani Ports are among others.

Overseas the company has clientele namely ENPPI, Egypt, S.C.O.T., Syria, Shell Global International B.V., NPCC, Abu Dhabi, Qatar Petroleum, Qatar and many more.

Products

Longitudinal Submerged Arc Welded (LSAW) -Man Industries manufacture LSAW line pipes that have diameter ranging from 16” to 60”. Company manufactures customised products for clients of various sectors such as Oil, Gas, Petrochemicals, Fertilizers and Dredging.

Helically Submerged Arc Welded (HSAW) Line Pipe- The Company manufactures HSAW Line Pipe used by various segments such as Oil transportation, Water Supply, Sewerage, Agriculture and Construction. It has total installed capacity of 375,000 MT per year.

Coating- Coating protects line pipes from corrosion and to enhance its operational life. Company offers Single layer FBE, 3 Layer PE and 3 layer PP Coating, Internal Blasting and Painting and Coaltar Enamel Coating

Aluminium Extrusions-Company is the largest manufacturer and exporter of aluminium extruded products in India. This segments caters to industries like automobiles, automation, air conditioning, architectural, heavy engineering, lighting, textiles, electronics are among others.

Milestones

1988- Man Industries (India) was incorporated by Mansukhani family. Company’s Aluminium Extrusion Plant became operational in same year.

1994- In order to set up its first SAW pipe plant at Pithampur, company entered in a MoU with Haeusler of Switzerland.

1996-Company set up an LSAW pipe plant with a manufacturing capacity of 50,000 TPA at Pithampur.

1999- Company commenced HSAW pipe plant with capacity of 50,000 TPA. The same year company also increased LSAW plant manufacturing capacity to 135,000 TPA.

2001- Company set up a coating plant for PE and CTE coating with capacity of 2mn and 1.6mn sq. mtr respectively.  2005-Company established a new pipe and coating complex with 365,000 TPA LSAW and 50,000 TPA HSAW capacities.

2006- Company set up a captive power plant of 7 MV in Gujarat.

2007- Company was awarded a prestigious order of approx. USD 225 Million from USA. The same year it set up two new production lines of 200,000 MT each for HSAW. The Aluminum Business of Company has been demerged as Man Aluminium.

2008- In order to foray USA market, Man USA Inc was set up to manufacture of HSAW pipes.

2011 - The Company has been Awarded Trophy for Star Performer, by Engineering Export Promotion Council, India.
2012 - Company entered in strategic relationship with Kobe Steel Ltd of Japan
2013 - A new facility installed to manufacture Connector Welded Casing Pipes.

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