Latest news with #ManIndustries
Business Standard
5 days ago
- Business
- Business Standard
Man Industries gains after bagging Rs 1,150-cr export order
Man Industries (India) rose 2.26% to Rs 403.45 after the company announced that it had secured a new export order worth Rs 1,150 crore from an international customer for the supply of various types of pipes. The order is expected to be executed over the next 6 to 12 months. With this addition, the companys total unexecuted order book stands at approximately Rs 3,500 crore, highlighting sustained customer trust in its technological capabilities, quality standards, and execution track record. Nikhil Mansukhani, managing director of MAN Industries (India), said, The start of the year is proving exceptionally strong for MAN Industries, highlighted by the multiple orders totaling approximately Rs 3,500 crore. These are testimonials to our steadfast focus on delivering product excellence and timely deliveries. We expect this momentum to continue during the year; such projects are also testament to the prowess of MAN Industries and our cutting-edge technological capabilities. Man Industries is a leading manufacturer and exporter of large-diameter carbon steel line pipes for various high-pressure transmission applications for gas, crude oil, petrochemical products, and potable water. The companys consolidated net profit jumped 182.4% to Rs 68.15 crore on a 50.3% rise in net sales to Rs 1,218.49 crore in Q4 FY25 over Q4 FY24.
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Business Standard
5 days ago
- Business
- Business Standard
Man Industries share price zooms 6% in trade today, June 5; here's why
Man Industries share price: Pipe maker Man Industries shares jumped up to 6.05 per cent to hit an intraday high of 418.45 However, at 1:40 PM, Man Industries shares were off highs, and were trading 1.55 per cent higher at 400.65 per share. In comparison, BSE Sensex was trading 0.44 per cent higher at 81,355.06 level. Why are Man Industries shares buzzing in trade today? Man Industries share prices were buzzing in trade after the company announced that it has secured an order worth approximately ₹1,150 crore from an international customer. In an exchange filing, Man Industries said, 'We are pleased to inform you that the company has received a new export order for approximately ₹1,150 crore. This order is expected to be delivered during the next 6 to 12 months.' 'This order significantly demonstrates the robust strength and market credibility in global markets and highlights Man Industries' growing reputation as a trusted supplier in the international pipeline industry,' Man Industries highlighted. According to the order details, the company will be responsible for supplying different types of pipes to a respected international customer. Notably, the work is expected to be completed within the next 6 to 12 months. Man Industries' total unexecuted order book now stands at approximately ₹3,500 crore, including today's order. 'The start of the year is proving exceptionally strong for Man Industries, highlighted by the multiple orders totalling approximately ₹3,500 crore. These are testimonial to our steadfast focus on delivering product excellence and timely deliveries. We expect this momentum to continue during the year, such projects are also testament to the prowess of Man Industries and our cutting-edge technological capabilities,' said Nikhil Mansukhani, managing director of Man Industries. The development, Man Industries believes, marks yet another milestone in the company's journey toward expanding its global presence and serving strategic infrastructure and energy sectors worldwide. About Man Industries Man Industries, the flagship company of the Man Group, was established by the Mansukhani family in 1970. Under the leadership of R C Mansukhani, the group began its journey as an aluminum extrusions manufacturer in 1988 and has since evolved into a key player in the global line pipe industry. Today, Man Industries is one of the leading manufacturers and exporters of large-diameter carbon steel pipes—including Longitudinal Submerged Arc Welded (LSAW), Helically Submerged Arc Welded (HSAW), and Electric Resistance Welded (ERW) pipes. These products are widely used in high-pressure transmission applications across the oil & gas, petrochemical, water, fertilizers, dredging, and city gas distribution (CGD) sectors. The company operates three state-of-the-art manufacturing facilities. Two are located in Anjar, Gujarat—one equipped with two LSAW and two HSAW lines, and another focused on ERW pipe production (both API and non-API). The third facility is in Pithampur, Madhya Pradesh. Combined, these units offer an installed capacity of over 1.18 million tonnes per annum (MTPA). To diversify its product portfolio, Man Industries is investing around ₹600 crore to set up new capacities. This includes a stainless-steel seamless pipe manufacturing unit in Jammu and a new integrated line pipe and coating facility in Dammam, Saudi Arabia, aimed at serving the growing Middle East market.
Business Standard
03-06-2025
- Business
- Business Standard
Man Industries to raise Rs 300 crore via preferential issue
Man Industries (India) announced plans to raise up to Rs 300 crore through a preferential allotment of convertible warrants and equity shares to promoter and non-promoter entities, subject to shareholder and regulatory approvals. The proposal includes the issuance of 12,19,512 convertible warrants to Man Finance at Rs 328 each, aggregating approximately Rs 39.99 crore. Additionally, 79,26,822 equity shares will be allotted to non-promoters at the same price, totaling around Rs 259.99 crore. The funds are intended to support ongoing capital expenditure for expansion projects in Jammu and Saudi Arabia, enhance working capital, and strengthen the balance sheet. An Extraordinary General Meeting (EGM) is scheduled for 25 June 2025, to seek shareholder approval. Nikhil Mansukhani, Managing Director, stated, The proposed capital raise marks a significant step toward reinforcing our growth strategy. It will enable us to enhance execution capabilities, support strategic expansion, and continue delivering value to our stakeholders. Man Industries is a leading manufacturer and exporter of large-diameter carbon steel line pipes for various high-pressure transmission applications for gas, crude oil, petrochemical products, and potable water. The company reported a consolidated net profit of Rs 68.1 crore in Q4 FY25, which is nearly three times the PAT of Rs 24.1 crore recorded in Q4 FY24. Revenue from operations increased by 50.3% year-over-year (YoY) to Rs 1,218.5 crore in the March 2025 quarter. Shares of Man Industries declined 1.12% to Rs 398.65 on the BSE.
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Business Standard
02-06-2025
- Business
- Business Standard
Ashish Kacholia to buy additional shares in smallcap stock; up 51% in 1 mth
Man Industries share price today: Shares of Man Industries (India) rallied 12 per cent to hit an eight-month high of ₹405.35 on the BSE in Monday's intra-day trade. This comes after the company's board approved fundraising of up to ₹300 crore through the issuance of convertible warrants to the promoter group and equity shares to a non-promoter group, through a preferential issue. The stock price of a small-cap iron & steel company is trading at its highest level since September 2024. In the past month, it has outperformed the market by surging 51 per cent, as compared to a 1 per cent rise in the BSE Sensex. Ashish Kacholia's, Vikas Khemani's stake in Man Industries Investors Ashish Kacholia (2.03 per cent) and Vikas Vijaykumar Khemani (2.44 per cent), collectively held a 4.47 per cent stake in Man Industries as on May 28, 2025, the shareholding pattern data showed. Conversion of warrants by promoter The Allotment Committee of the board of directors of the Company at its meeting held on May 28, 2025, has inter alia considered and approved the allotment of 2.5 million equity shares of face value ₹5 each, upon exercise of the conversion option by Man Finance Private Limited, a Promoter Group entity, in respect of 2.5 million warrants allotted to them by the Board of Directors on December 1, 2023. Board approves ₹300 crore fundraise The board of directors of Man Industries at its meeting held on Saturday, May 31, 2025, inter alia, considered and approved the raising of funds through the issuance of convertible warrants to the promoter group and equity shares to non promoter group, through preferential issue, to raise an amount up to ₹ 300 crore. The board approved issue, offer and allot up to 7.93 million equity shares of face value ₹5 each for cash at a price of ₹328 per equity share for an amount up to ₹260 crore to the non-promoters, on a preferential basis, subject to the approval of shareholders of the company. Man Industries Q4 results Man Industries on May 12, 2025, said that the company delivered its highest-ever revenue, earnings before interest, taxes, depreciation and amortisation (Ebitda), and profit after tax (PAT) on both quarterly and annual bases. The company posted a 45 per cent year-on-year (Y-o-Y) growth in PAT in the financial year 2024-25 (FY25), reflecting robust operational efficiency and the successful execution of strategic initiatives across key domestic and international markets. In the January to March 2025 quarter (Q4FY25), Man Industries' consolidated PAT more than doubled to ₹40.3 crore, against ₹17.2 crore in Q4FY24. Ebitda grew 56.6 per cent YoY at ₹101.60, and margins improved 330 bps to 11.4 per cent. Revenue from operations climbed 9.3 per cent YoY to ₹850.4 crore from ₹778.10 crore in the year-ago quarter. The management said the company's growth momentum is driven by strategic initiatives aimed at expanding capacity, diversifying revenue streams, strengthening market presence, and sharpening its focus on core business operations. Order Book As of FY25-end, the company holds an executable order book of ₹2,500 crore for fulfilment over the next 6–12 months, with a total bid book of ₹15,000 crore, indicating strong demand visibility and revenue growth potential. Outlook Man Industries said the company is targeting a ~20 per cent YoY revenue growth for FY26, backed by the timely execution of ongoing and upcoming projects, capacity expansion, and continued order inflows. With a strategic emphasis on operational excellence, product innovation, and international market expansion, Man Industries is well-positioned to deliver sustained value to all stakeholders, the management said. 'Our targeted expansions into the ERW segment, successful execution of high-value projects, robust order book, and the strategic monetisation of a non-core asset have laid a strong foundation for continued momentum in FY26. With capacity expansions progressing in Saudi Arabia and Jammu, we are confident in our ability to scale operations and deepen our footprint across domestic and global markets,' the management said. About Man Industries Man Industries is one of the largest manufacturers and exporters of large diameter carbon steel line pipes (LSAW, HSAW and ERW), which are used for various high-pressure transmission applications for the oil & gas industry, petrochemicals, water, dredging & fertilisers, hydro-carbon and CGD Sector. The company is undertaking capex to further widen its product offerings by entering the manufacturing of Stainless-Steel Seamless pipes and setting up a new plant at Dammam, Saudi Arabia, with a cost of ₹ ~600 crore. This plant will include line pipe manufacturing and a coating facility, which will cater to Saudi Arabia's growing demand.
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Business Standard
13-05-2025
- Business
- Business Standard
Ashish Kacholia portfolio stock zooms 34% in 2 days on strong Q4 results
Man Industries share price today: Shares of Man Industries (India) rallied 12 per cent to ₹351.25 on the BSE in Tuesday's intra-day trade, extending its previous day's up move after it reported a healthy set of numbers for the quarter ended March 2025 (Q4FY25) and a strong outlook. In the past two trading days, the stock price of the iron & steel products company has zoomed 34 per cent. At 09:23 am, Man Industries was trading 7 per cent higher at ₹336.75, as compared to the 0.6 per cent decline in the BSE Sensex. Catch Stock Market Updates Today LIVE Ashish Kacholia's, Vikas Khemani's stakes in Man Industries Investors Ashish Kacholia (2.10 per cent) and Vikas Vijaykumar Khemani (2.53 per cent), collectively held 4.63 per cent stake in Man Industries at the end of March 2025 quarter, the shareholding pattern data showed. What's fuelling rally in Man Industries shares? Man Industries on Monday said that the company delivered it's highest-ever revenue, earnings before interest, taxes, depreciation and amortisation (Ebitda), and profit after tax (PAT) on both quarterly and annual bases. The company posted a ~45 per cent year-on-year (YoY) growth in PAT in the financial year 2024-25 (FY25), reflecting robust operational efficiency and the successful execution of strategic initiatives across key domestic and international markets. In the January to March 2025 quarter (Q4FY25), Man Industries' consolidated PAT more than doubled to ₹40.3 crore, against ₹17.2 crore in Q4FY24. Ebitda grew 56.6 per cent YoY at ₹101.60; and margins improved 330 bps to 11.4 per cent. Revenue from operations climbed 9.3 per cent YoY to ₹850.4 crore from ₹778.10 crore in the year ago quarter. ALSO READ | The management said the company's growth momentum is driven by strategic initiatives aimed at expanding capacity, diversifying revenue streams, strengthening market presence, and sharpening its focus on core business operations. Order Book As of FY25-end, the company holds an executable order book of ₹2,500 crore for fulfillment over the next 6–12 months, with a total bid book of ₹15,000 crore, indicating strong demand visibility and revenue growth potential. Outlook Man Industries said the company is targeting a ~20 per cent YoY revenue growth for FY26, backed by timely execution of ongoing and upcoming projects, capacity expansion, and continued order inflows. With a strategic emphasis on operational excellence, product innovation, and international market expansion, Man Industries is well-positioned to deliver sustained value to all stakeholders, the management said. 'Our targeted expansions into the ERW segment, successful execution of high-value projects, robust order book, and the strategic monetisation of a non-core asset have laid a strong foundation for continued momentum in FY26. With capacity expansions progressing in Saudi Arabia and Jammu, we are confident in our ability to scale operations and deepen our footprint across domestic and global markets,' the management said. ALSO READ | About Man Industries Man Industries is one of the largest manufacturer and exporter of large diameter carbon steel line pipes (LSAW, HSAW and ERW) which is used for various high pressure transmission applications for oil & gas industry, petrochemicals, water, dredging & fertilisers, hydro-carbon and CGD Sector. The company is undertaking capex to further widen its product offerings by entering manufacturing of Stainless-Steel Seamless pipes and setting up a new plant at Dammam, Saudi Arabia with a cost of ₹ ~600 crore. This plant will include line pipe manufacturing and a coating facility, which will cater to Saudi Arabia's growing demand.
