The 5-year analysis of Man Industries (India) Ltd's performance infers:
We analysed the performance of Man Industries (India) Ltd share prices over the last 10 years. Here is what we found out:
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
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.
Longitudinal Submerged Arc Welded (LSAW) -Man Industries manufacture LSAW line pipes that have diameter ranging from 16â€ to 60â€. 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.
1988- Man Industries (India) was incorporated by Mansukhani family. Companyâ€™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 Japan2013 - A new facility installed to manufacture Connector Welded Casing Pipes.