What is Man Industries (India) Ltd (MANINDS) share price return in the past 10 years?

Man Industries (India) Ltd share price has appreciated 24.9% annually (CAGR) over the past ten years.

What is the share price of Man Industries (India) Ltd (MANINDS)?

Company share prices are keep on changing according to the market conditions. The current trading price of Man Industries (India) Ltd (MANINDS) on 12-Jun-2026 16:59:59 at 16:59 is 546.45.

What is the P/E ratio of Man Industries (India)?

The latest standalone P/E ratio of Man Industries (India) as of 12-Jun-2026 is 20.93.

What is the P/B ratio of Man Industries (India) Ltd (MANINDS)?

The latest standalone P/B ratio of Man Industries (India) Ltd (MANINDS) as of 12-Jun-2026 is 2.13.

What is the 52-week high and low of Man Industries (India) Ltd (MANINDS)?

The 52-week high of Man Industries (India) Ltd (MANINDS) is Rs. 607.00 and the 52-week low is Rs. 302.30.

Man Industries (India) Ltd (MANINDS) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Man Industries (India) Ltd (MANINDS)
Brand: Man Industries (India)

Key Metrics

Valuation Multiples

Market Cap

₹4,099 Cr.

Current Price

₹546.5

52-Week Low / High

₹302 / 607

TTM EPS

₹26.1

TTM Sales

₹3,455 Cr.

Book Value per Share

₹256.2

P/E Ratio

20.93

Higher than its 5-year historical median

Industry PE

25.1

Price to Book (P/B)

2.13

Higher than its 5-year historical median

Price to Sales (P/S)

1.19

Higher than its 5-year historical median

EV/EBITDA

8.20

Higher than its 5-year historical median

Dividend Yield

0.00%

Profitability Efficiency

Return on Equity (ROE)

10.26%

Outperforms industry median

Return on Capital Employed (ROCE)

16.96%

Outperforms industry median

Return on Assets (ROA)

4.77%

Operating Profit Margin

7.8%

Net Profit Margin

4.4%

Gross Profit Margin

7.3%

Growth Momentum
1-yr vs 3-yr growth

Sales Growth (1 Year)

Slowing versus 3-year growth rate

1.24%

Operating Profit Growth (1 Year)

Slowing versus 3-year growth rate

5.2%

Net Profit Growth (1 Year)

Improving versus 3-year growth rate

24.95%

Asset Quality

Promoter Holding

43.21%

Pledged shares (%) of Promoter's holding (%)

20.05%

Reserves

₹1,885 Cr.

Equity

₹37.5 Cr.

Face Value

₹5

All Time Low / High

₹1.85 / 607.00

Man Industries (India) stock performance

Key Ratios

Check Before You Invest

Quality

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Valuation

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Price Trend

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

Man Industries (India) Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

How does Man Industries (India) Ltd performance compare with that of its Peers?

Q.1 Revenue growth of Man Industries (India) Ltd vs industry peers?

Man Industries (India) Ltd revenue CAGR is 12.13%, compared to the industry median CAGR of 7.56%, indicating faster growth and gaining its market share.

Q.1 Promoter shareholding and pledge status of Man Industries (India) Ltd?

Promoters hold 43.21% of the Man Industries (India) Ltd, with 20.05% of their stake pledged, indicating high pledge risk.

Q.1 Stock return of Man Industries (India) Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 24.9% based on the current price.

10 Year X-Ray : Login to view analysis.

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

Value Creation ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	16.1%	8.1%	13.3%	15.4%	13%	17.6%	16.2%	11.4%	16.3%	17%	-
Value Creation Index ⓘ	0.2	-0.4	-0.1	0.1	-0.1	0.3	0.2	-0.2	0.2	0.2	-
Growth Parameters ⓘ
Sales ⓘ	1,391	1,060	1,572	2,215	1,759	2,075	2,094	2,092	3,080	3,118	3,455
Sales YoY Gr.	-	-23.8%	48.3%	40.9%	-20.6%	18%	0.9%	-0.1%	47.2%	1.2%	-
Adj EPS ⓘ	13.3	2.4	10	10.3	9.8	15.5	14.7	8.4	13.7	17.4	26.1
YoY Gr.	-	-82%	316.3%	3.2%	-4.5%	57.8%	-4.8%	-43.3%	63.4%	27.2%	-
BVPS (₹) ⓘ	99.7	105.1	114.4	122.9	130.4	145	158.6	166.9	195.7	217.4	256.2
Adj Net Profit ⓘ	75.7	13.6	56.8	58.6	56	88.4	87.2	50.3	88.4	113	196
Cash Flow from Ops. ⓘ	208	-76.4	160	138	213	-59.8	438	-112	309	95.1	-
Debt/CF from Ops. ⓘ	1.7	-5.9	2.3	1.8	1.3	-4.9	0.1	-2.7	1	3.7	-

CAGR ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	9.4%	12.1%	14.2%	1.2%
Adj EPS ⓘ	3.1%	12.1%	5.7%	27.2%
BVPSⓘ	9.1%	10.8%	11.1%	11.1%
Share Price	24.9%	37.7%	54.3%	44.1%

Key Financial Parameters ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	14.3	2.3	9.1	8.7	7.8	11.2	9.8	5.2	7.8	8.4	11
Op. Profit Mgn % ⓘ	8.5	4.3	7.8	8	9.5	9.9	8.6	6.5	7.5	7.8	12.7
Net Profit Mgn % ⓘ	5.5	1.3	3.6	2.7	3.2	4.3	4.2	2.4	2.9	3.6	5.7
Debt to Equity ⓘ	0.6	0.7	0.6	0.4	0.4	0.4	0.1	0.3	0.2	0.3	0.1
Working Cap Days ⓘ	191	235	214	174	220	204	204	180	124	206	135
Cash Conv. Cycle ⓘ	39	63	46	24	38	50	39	21	25	46	42

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	1,391	1,060	1,572	2,215	1,759	2,075	2,094	2,092	3,080	3,118
Operating Expenses ⓘ +	1,273	1,015	1,450	2,040	1,593	1,870	1,914	1,969	2,850	2,876
Manufacturing Costs	47	73	115	121	102	90	173	127	162	127
Material Costs	1,068	819	1,175	1,693	1,263	1,418	1,540	1,639	2,354	2,416
Employee Cost	34	36	35	45	44	44	43	48	56	61
Other Costs ⓘ	124	87	125	181	184	319	158	156	278	272
Operating Profit ⓘ	117	46	123	175	166	205	180	123	230	242
Operating Profit Margin (%)	8.4%	4.3%	7.8%	7.9%	9.4%	9.9%	8.6%	5.9%	7.5%	7.8%
Other Income ⓘ +	69	74	58	22	17	31	37	53	66	86
Exceptional Items ⓘ	0	0	-4	0	-3	0	0	0	0	0
Interest ⓘ	56	36	43	64	64	53	37	41	87	99
Depreciation ⓘ	37	40	39	46	52	46	45	45	60	43
Profit Before Tax ⓘ	93	43	95	87	64	136	135	90	149	185
Tax ⓘ	7	11	32	30	10	36	33	22	39	48
Profit After Tax	86	33	63	57	54	101	101	67	110	137
PAT Margin (%)	6.2%	3.1%	4.0%	2.6%	3.1%	4.9%	4.8%	3.2%	3.6%	4.4%
Adjusted EPS (₹)	15.1	5.7	11.0	10.1	9.5	17.6	17.1	11.2	17.0	21.2
Dividend Payout Ratio (%)	10%	26.20%	13.60%	14.90%	10.60%	11.40%	0%	17.90%	11.80%	0%

Valuation of Man Industries - Standalone

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	569	600	653	702	745	828	939	1,003	1,267	1,407
Share Capital ⓘ	29	29	29	29	29	29	30	30	32	32
Reserves ⓘ	541	572	625	673	716	800	909	973	1,234	1,375
Debt +	267	357	270	200	248	287	56	283	289	307
Long Term Debt	190	131	90	49	15	2	4	128	135	137
Short Term Debt	77	225	180	151	232	285	52	155	155	171
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	220	212	577	559	560	518	750	337	501	1,196
Others Liabilities ⓘ	193	192	205	135	279	159	78	104	225	562
Total Liabilities ⓘ	1,249	1,361	1,706	1,596	1,831	1,791	1,822	1,727	2,282	3,472
Fixed Assets
Net Fixed Assets ⓘ +	347	343	355	396	368	337	313	483	504	499
Gross Block	384	420	471	555	578	593	614	821	892	929
Accumulated Depreciation	37	77	116	159	210	256	301	338	388	430
CWIP ⓘ	19	5	63	3	4	1	16	3	31	94
Investments ⓘ	105	105	129	131	133	133	133	136	368	216
Inventories	128	109	418	217	380	332	305	107	352	932
Trade Receivables	246	324	367	532	427	635	540	485	342	886
Cash Equivalents	168	154	66	47	221	102	237	162	227	288
Others Assets ⓘ	238	321	306	270	298	252	278	351	458	558
Total Assets ⓘ	1,249	1,361	1,706	1,596	1,831	1,791	1,822	1,727	2,282	3,472

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	208	-76	159	138	213	-60	438	-112	309	95
PBT ⓘ	93	43	95	87	64	136	135	90	149	185
Adjustment ⓘ	44	41	56	104	128	147	79	94	110	94
Changes in Working Capital ⓘ	89	-146	30	-26	48	-306	271	-269	83	-140
Tax Paid ⓘ	-18	-15	-21	-27	-27	-37	-46	-27	-33	-44
Cash Flow From Investing Activity ⓘ +	3	20	-107	0	-46	4	-109	-126	-260	-24
Capex	-46	-23	-113	-27	-11	-12	-36	-199	-94	-94
Net Investments	0	2	-25	19	-43	12	-76	68	-157	123
Others ⓘ	49	42	30	8	7	4	3	5	-10	-52
Cash Flow From Financing Activity ⓘ +	-191	43	-140	-138	-36	-63	-267	187	83	-73
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	10	5	170	0
Net Proceeds from Borrowing ⓘ	-70	0	0	-40	-34	-47	-2	124	7	2
Interest Paid ⓘ	-56	-36	-43	-64	-63	-57	-38	-41	-84	-113
Dividend Paid ⓘ	-9	-9	-9	-9	-14	-11	0	-12	-12	0
Others ⓘ	-56	88	-88	-24	75	52	-238	112	2	37
Net Cash Flow ⓘ	19	-13	-88	-0	131	-119	62	-51	132	-2

Financial Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	16.26	5.58	10.03	8.47	7.46	12.8	11.46	6.93	9.67	10.26
ROCE (%)	16.11	8.09	13.26	15.36	12.97	17.57	16.21	11.37	16.33	16.96
Asset Turnover Ratio	1.03	0.81	1.03	1.34	1.03	1.15	1.16	1.18	1.54	1.08
PAT to CFO Conversion(x)	2.42	-2.3	2.52	2.42	3.94	-0.59	4.34	-1.67	2.81	0.69
Working Capital Days
Receivable Days	93.30	98.10	80.20	74.10	99.50	93.40	102.40	89.40	49	71.90
Inventory Days	34.60	40.70	61.20	52.30	61.90	62.50	55.50	36	27.20	75.10
Payable Days	105.60	96	122.60	122.50	161.60	138.60	150.20	121.10	65	128.20

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

27.26

27.21

27.23

27.21

21.73

20.05

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

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Man Industries (India) Ltd FAQs

The current trading price of Man Industries on 12-Jun-2026 16:59 is ₹546.5.

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 11-Jun-2026 the market cap of Man Industries stood at ₹4,098.9 Cr

The latest P/E ratio of Man Industries as of 11-Jun-2026 is 20.93.

The latest P/B ratio of Man Industries as of 11-Jun-2026 is 2.13.

The 52-week high of Man Industries is ₹607.0 and the 52-week low is ₹302.3.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Man Industries is ₹3,455 ( Cr.) .

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

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

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

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 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.

Milestones

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 Japan
2013 - A new facility installed to manufacture Connector Welded Casing Pipes.

Man Industries (India) Ltd (MANINDS)

Man Industries (India) Ltd (MANINDS)

Man Industries (India) stock performance

Check Before You Invest

Quality

Valuation

Price Trend

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Man Industries - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Man Industries (India) Ltd FAQs

About Man Industries (India) Ltd

About MoneyWorks4Me

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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
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Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Man Industries (India) Ltd (MANINDS)

Man Industries (India) Ltd (MANINDS)

Man Industries (India) stock performance

Check Before You Invest

Quality

Valuation

Price Trend

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Man Industries - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Man Industries (India) Ltd FAQs

What is the share price of Man Industries?

What is the market cap of Man Industries?

What is the P/E ratio of Man Industries?

What is the P/B ratio of Man Industries?

What is the 52-week high and low of Man Industries?

What is the TTM revenue of Man Industries?

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

Is Man Industries (India) Ltd undervalued or overvalued?

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

About Man Industries (India) Ltd

About MoneyWorks4Me

Our Vision

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.