Man Industries (India) Ltd

Man Industries Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Man Industries (India) Ltd

₹ 456 1.40%
22 Jul - close price
mangroup.com BSE: 513269 NSE: MANINDS
About

Man Industries Ltd. is one of the largest Manufacturers and Exporters of LSAW and HSAW pipes in India with a total installed capacity of 1 million tonnes. The company is among leading manufacturer of large diameter pipes with 3 Decades of presence in Pipe
Industry.

Key Points

Product Portfolio
Longitudinal Submerged Arc Welded Pipes (LSAW), Helically Submerged Arc Welded Pipes (HSAW), ERW Pipes, Steel bends & Stainless Steel and Coating (Single layer FBE, Internal blasting & painting, Coal tar Enamel). Company's products are products used across O&G and water sector, Hydro-Carbon & CGD Sectors.[1] Company has supplied 17,000+ KM pipes supplied since inception.[2]

Website BSE NSE
  • Market Cap ₹ 2,954 Cr.
  • Current Price ₹ 456
  • High / Low ₹ 514 / 129
  • Stock P/E 26.9
  • Book Value ₹ 197
  • Dividend Yield 0.44 %
  • ROCE 16.2 %
  • ROE 9.62 %
  • Face Value ₹ 5.00
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Pros

  • Company is expected to give good quarter
  • Debtor days have improved from 73.1 to 40.6 days.

Cons

  • Promoter holding has decreased over last quarter: -3.47%
  • The company has delivered a poor sales growth of 6.81% over past five years.
  • Company has a low return on equity of 8.96% over last 3 years.
  • Promoters have pledged 27.2% of their holding.
  • Dividend payout has been low at 9.89% of profits over last 3 years
  • Company's cost of borrowing seems high

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Steel Industry: Steel - Medium / Small

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
535 404 490 631 569 495 429 613 555 464 1,008 830 778
494 365 449 571 529 473 416 555 513 417 936 766 732
Operating Profit 41 38 42 60 40 23 14 58 42 47 72 65 46
OPM % 8% 10% 8% 10% 7% 5% 3% 9% 7% 10% 7% 8% 6%
17 7 11 4 16 13 2 14 12 4 23 21 18
Interest 11 9 8 11 10 9 9 12 11 21 22 20 24
Depreciation 11 11 11 11 11 12 11 11 11 15 15 15 15
Profit before tax 36 25 33 42 35 14 -5 48 31 15 58 50 25
Tax % 31% 23% 28% 23% 26% 27% 43% 25% 14% 21% 26% 25% 32%
25 19 24 32 26 10 -6 36 27 12 43 37 17
EPS in Rs 4.42 3.38 4.16 5.66 4.37 1.75 -1.08 6.05 4.48 1.98 7.23 6.18 2.66
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,462 1,005 1,364 1,392 1,060 1,572 2,215 1,759 2,075 2,094 2,092 3,080
1,262 950 1,249 1,274 1,015 1,450 2,039 1,593 1,870 1,914 1,957 2,850
Operating Profit 199 55 115 118 46 123 177 166 205 180 136 230
OPM % 14% 5% 8% 8% 4% 8% 8% 9% 10% 9% 6% 7%
26 31 38 69 74 54 21 14 31 37 40 66
Interest 44 42 46 56 36 43 64 64 53 37 41 87
Depreciation 39 32 42 37 40 39 46 52 46 45 45 60
Profit before tax 142 12 64 93 43 95 87 64 136 135 90 149
Tax % 29% 27% 17% 7% 25% 34% 34% 15% 26% 25% 25% 26%
101 9 54 86 33 63 57 54 101 101 67 110
EPS in Rs 16.85 1.56 9.38 15.06 5.72 11.01 10.05 9.45 17.62 17.11 11.19 16.95
Dividend Payout % 12% 64% 16% 10% 26% 14% 15% 11% 11% 0% 18% 12%
Compounded Sales Growth
10 Years: 12%
5 Years: 7%
3 Years: 14%
TTM: 47%
Compounded Profit Growth
10 Years: 29%
5 Years: 14%
3 Years: 3%
TTM: 87%
Stock Price CAGR
10 Years: 22%
5 Years: 64%
3 Years: 54%
1 Year: 240%
Return on Equity
10 Years: 10%
5 Years: 9%
3 Years: 9%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 30 29 29 29 29 29 29 29 29 30 30 32
Reserves 682 635 460 541 572 625 673 716 804 909 973 1,246
536 438 443 353 447 374 244 301 303 64 303 323
379 474 517 327 313 679 650 785 655 819 421 681
Total Liabilities 1,628 1,576 1,448 1,249 1,361 1,706 1,596 1,831 1,791 1,822 1,727 2,282
393 403 354 347 343 355 396 368 337 313 483 504
CWIP 3 2 3 19 5 63 3 4 1 16 3 31
Investments 30 21 102 105 105 129 131 133 133 133 136 368
1,202 1,150 989 780 908 1,158 1,066 1,326 1,320 1,360 1,105 1,379
Total Assets 1,628 1,576 1,448 1,249 1,361 1,706 1,596 1,831 1,791 1,822 1,727 2,282

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-467 225 112 208 -76 160 138 213 -60 438 -112 299
185 -7 -60 3 20 -107 0 -46 4 -109 -126 -251
342 -209 -82 -191 43 -140 -138 -36 -63 -267 187 84
Net Cash Flow 61 10 -30 19 -13 -88 -0 131 -119 62 -51 132

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 74 103 125 65 111 85 88 89 112 94 85 41
Inventory Days 61 52 46 44 49 130 47 110 85 72 24 55
Days Payable 79 162 135 75 94 179 120 162 133 178 75 78
Cash Conversion Cycle 56 -8 36 33 66 36 14 37 64 -11 33 17
Working Capital Days 145 169 56 56 128 62 38 29 81 31 67 64
ROCE % 21% 5% 11% 16% 8% 14% 15% 13% 17% 16% 10% 16%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
42.62% 42.62% 44.70% 45.69% 45.68% 45.68% 45.68% 45.68% 49.61% 49.61% 46.15% 46.12%
1.69% 1.93% 1.84% 1.73% 1.83% 1.65% 1.60% 2.22% 1.61% 2.14% 1.64% 1.84%
0.19% 0.20% 0.19% 0.19% 0.19% 0.19% 0.23% 0.04% 0.04% 0.64% 3.31% 3.31%
55.49% 55.25% 53.27% 52.39% 52.28% 52.47% 52.48% 52.05% 48.72% 47.60% 48.90% 48.72%
No. of Shareholders 41,42940,93740,64341,97039,46638,74037,54931,53934,33035,19344,20646,295

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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