Man Industries (India) Ltd

Man Industries (India) Ltd share price ticked higher by 1.50% to Rs 558.65 after the company's net profit saw a strong growth of 20.81% to Rs 61.43 crore, while revenue from operations softened by 9% to Rs 1053.13 crore in Q2FY26 over Q1FY26. The market capitalization of Iron & Steel Products industry group stocks on BSE stood at Rs 3.21 lakh crore, rising 0.85%. It has improved by 0.57% over last one week and gained upto 4.71% in last one month while the market capitalization of Man Industries (India) Ltd has inched up 2.89% and 4.96% in the same period respectively. Profit before tax (PBT) of Man Industries (India) Ltd stood at Rs 85.45 crore in Q2 FY26, rallying 123.34% year-on-year, and expanding by 17.10% quarter-on-quarter. EBITDA came in at Rs 132 crore, surging by 646.40% YoY and gaining 0.07% sequentially. Total expenses eased by 9.68% to Rs 939.55 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 501.62 crore, registering a fall of 24.39% YoY, while employee benefits expense was at Rs 36.1 crore, soaring 23.42% YoY. For the TTM ended FY26, revenue from operations improved 11.56% to Rs 3505.35 crore, while net profit soared by 45.68% to Rs 153.17 crore, compared to previous TTM. EBITDA jumped by 17228% to Rs 249.59 crore, and PBT witnessed a strong rise of 44.39% to Rs 208.35 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 129.75 crore in FY26, as against Rs 344.91 crore in FY25. Man Industries (India) Ltd rallied 24.06% in last one year, significantly outperforming the benchmark BSE Sensex which has softened by 2.56% during the same period.

Man Industries (India) Limited will hold a board meeting on Tuesday, August 11, 2026, to consider and approve the unaudited financial results (standalone and consolidated) for the quarter ended June 30, 2026, along with the limited review report thereon, according to a regulatory filing.

In a regulatory filing made before market hours today, the company said that Man Industries (India) (MIIL) and National Pipe Company (NPC), step-down subsidiary of the company situated in Saudi Arabia have received new orders of approximately Rs 300 crore and approximately Rs 700 crore, respectively. These orders are expected to be delivered within 6 - 9 months. Accordingly, the company's consolidated unexecuted order book stands at approximately Rs 4,100 crore. These orders reflect the robust business environment and showcase the trust of the customers they have in the technological and executional capabilities of MIIL and NPC. Man Industries India (MIIL) is one of the largest SAW pipe players in India with combined capacity of 11.75 lakh tonne per annum, distributed equally between helically submerged arc welded (HSAW) and longitudinal submerged arc welded (LSAW) and electric resistance welded (ERW). The company had reported a 25.39% decline in consolidated net profit to Rs 50.85 crore on a 5.02% drop in revenue from operations to Rs 1,157.30 crore in Q4 FY26 over Q4 FY25.Powered by Capital Market - Live

Man Industries (India)'and National Pipe Company (NPC), step-down subsidiary of the Company situated in Saudi Arabia have received new orders of approx. Rs.300 crore' and approx. Rs.700 crore respectively. These orders are expected to be delivered within 6 - 9 months. Accordingly, the Company's consolidated unexecuted order book stands at approx. Rs.4,100 crore.

EBITDA improved by 8.4% to Rs 148 crore in Q4 FY26 from Rs 136 crore in Q4 FY25. EBITDA margin was 12.7% in Q4 FY26. The company reported that consolidated Q4 FY25 revenue included Rs 369 crore from the Merino Shelters real estate asset. Adjusting for this one-time contribution, the core pipe business delivered approximately 36.2% year-on-year revenue growth in Q4 FY26, reflecting strong underlying momentum in the pipeline business. On a full-year basis, the company's consolidated net profit jumped 11.3% to Rs 170.48 crore on a 1.67% increase in revenue from operations to Rs 3,563.90 crore in FY26 over FY25. The company guided for consolidated revenue of Rs 5,000'5,500 crore for FY27, along with EBITDA margin guidance of 13'15%. This outlook excludes any contribution from Merino Shelters, which is expected to act as an incremental earnings driver from June 2026 onwards. Cash and cash equivalents stood at Rs 657.2 crore at year-end. The company remained net cash positive at Rs 157.5 crore and generated free cash flow of Rs 132 crore, despite incurring capital expenditure of Rs 340 crore during the year. The company said that on 21 May 2026, MAN Industries, through its subsidiary MISIC, acquired a 100% stake in National Pipe Company (NPC), Saudi Arabia, for USD 102 million (approximately Rs 1,000 crore). NPC is an API-certified large-diameter pipe manufacturer with 430,000 MTPA capacity and a strong customer base, including a long-standing relationship with Saudi Aramco. The deal was completed at 1.5x EV/EBITDA, below peer valuations, and is EPS-accretive from day one. Nikhil Mansukhani, managing director, MAN Industries (India), said, 'FY26 has been a defining year for Man Industries. We are proud to have achieved our highest-ever consolidated EBITDA and PAT margins, a milestone that reflects the strength of our strategy: optimizing our product portfolio toward high-value applications, deepening our international footprint, and maintaining rigorous financial discipline. The strong momentum in Q4, particularly on the standalone front, demonstrates the operating leverage embedded in our business as we scale. With a robust order book of approximately Rs 3,000 crore, our acquisition of National Pipe Company (NPC) in Saudi Arabia, and the upcoming greenfield stainless-steel plant in Jammu, we are building a more diversified and resilient platform for sustained growth. We enter FY27 at an inflection point. The foundations are in place, the order book is strong, and the runway ahead is significant. Our best years are still to come.' 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. Shares of Man Industries rose 1.60% to Rs 566.50 on the BSE.Powered by Capital Market - Live

Securities in F&O Ban: Shares Steel Authority of India (SAIL) are banned from F&O trading on 26 May 2026. Result Today: ONGC, Siemens, Brainbees Solutions, Venus Pipes, Transrail Lighting, Marksans Pharma, Morepen Laboratories, Jubiliant Ingrevia, RedTape, Aequs, Gujarat Fluorochemicals, Gujarat Gas AIA Engineering, AstraZeneca Pharma, Bayer, Camlin Fine Sciences, Gandhar Oil, IRCTC, JK Tyre, Landmark Cars, Senco Gold, Steep Strips Wheel will declare their quarterly results later today. Stocks in Spotlight: Man Industries (India) reported 61.3% jump in consolidated net profit to Rs 55.04 crore on 13.4% increase in revenue from operations to Rs 830.38 crore in Q4 FY26 over Q4 FY25. Hitachi Energy reported 120% surge in standalone net profit to Rs 302.19 crore on 27.7% rise in net sales to Rs 2021.31 crore in Q4 March 2026 over Q4 March 2025. Container Corporation of India (Concor)'s consolidated net profit declined 12.4% to Rs 262.65 crore in Q4 FY26 compared with Rs 299.79 crore in Q4 FY25. Net sales fell 1.1% YoY to Rs 2,263.30 crore in Q4 FY26. Suprajit Engineering's consolidated net profit soared 161% to Rs 71.11 crore in Q4 FY26, compared with Rs 27.24 crore in Q4 FY25. Net sales jumped 18.8% YoY to Rs 1041.93 crore in Q4 FY26. Pine Labs reported consolidated net profit to Rs 59.36 crore in Q4 FY26 compared with net loss of Rs 28.91 crore in Q4 FY25. Revenue from operations climbed 17.02% YoY to Rs 700.51 crore in Q4 FY26. Suzlon Energy's consolidated net profit declined 5.64% to Rs 1,114.35 crore on a 44.91% increase in revenue from operations to Rs 5,468.06 crore in Q4 FY26 over Q4 FY25. Aditya Birla Fashion Retail (ABFRL) net loss widened to Rs 148 crore in Q4 FY26 compared with net loss of Rs 16.87 crore in Q4 FY25. Revenue from operations climbed 15.74% YoY to Rs 1990.13 crore in Q4 FY26.Powered by Capital Market - Live

Net profit of Man Industries (India) rose 74.09% to Rs 70.21 crore in the quarter ended March 2026 as against Rs 40.33 crore during the previous quarter ended March 2025. Sales rose 36.04% to Rs 1156.97 crore in the quarter ended March 2026 as against Rs 850.44 crore during the previous quarter ended March 2025. For the full year,net profit rose 42.83% to Rs 195.85 crore in the year ended March 2026 as against Rs 137.12 crore during the previous year ended March 2025. Sales rose 10.81% to Rs 3455.25 crore in the year ended March 2026 as against Rs 3118.22 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales1156.97850.44 36 3455.253118.22 11 OPM %13.297.57 -12.737.76 - PBDT116.2466.87 74 338.62228.77 48 PBT94.6756.86 66 263.08185.50 42 NP70.2140.33 74 195.85137.12 43 Powered by Capital Market - Live

Net profit of Man Industries (India) declined 25.39% to Rs 50.85 crore in the quarter ended March 2026 as against Rs 68.15 crore during the previous quarter ended March 2025. Sales declined 5.02% to Rs 1157.30 crore in the quarter ended March 2026 as against Rs 1218.49 crore during the previous quarter ended March 2025. For the full year,net profit rose 11.30% to Rs 170.48 crore in the year ended March 2026 as against Rs 153.17 crore during the previous year ended March 2025. Sales rose 1.67% to Rs 3563.90 crore in the year ended March 2026 as against Rs 3505.35 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales1157.301218.49 -5 3563.903505.35 2 OPM %12.079.95 -12.338.60 - PBDT95.65101.72 -6 315.86253.60 25 PBT72.9791.19 -20 236.94208.35 14 NP50.8568.15 -25 170.48153.17 11 Powered by Capital Market - Live

The board of Man Industries (India) at their meeting held on 21 May 2026, inter alia, considered and took note of the completion of the transaction in relation to acquisition of 100% equity stake in National Pipe Company (NPC), Kingdom of Saudi Arabia, at a total cost of approx. USD 102 Million (Rs 1,000 crore), by Man International Steel Industries Company (MISIC), a wholly owned subsidiary of the Company incorporated in the Kingdom of Saudi Arabia. NPC is one of the established API manufacturers of HSAW and LSAW pipes in the Kingdom of Saudi Arabia. NPC caters to oil & gas pipelines, water transmission, infrastructure and industrial projects and serves reputed customers including Saudi Aramco, Saudi Water Authority (SWA), Saudi Water Partnership Company (SWPC), Water Transmission & Technologies Co. (WTTCO), KOC (Kuwait), Qatar Petroleum and leading global EPC contractors including McDermott, L&T, SAIPEM, Subsea7, Hyundai E&C and others. The acquisition is in line with the Company's international expansion strategy and is expected to strengthen the Company's global presence in the pipe manufacturing industry. The acquisition is expected to provide access to infrastructure, energy, desalination and industrial opportunities in the Kingdom of Saudi Arabia and strengthen the Company's Middle East and international operations. NPC has an installed manufacturing capacity of approximately 430,000 MT per annum. Going forward, the facility will also have Coating Mill with External & Internal Coating Plant to serve the Kingdom's growing demand for coated pipeline solutions.

Man Industries (India) will hold a meeting of the Board of Directors of the Company on 25 May 2026.