Man Industries

₹365 -3 | 0.8%

WEBSITE BSE:513269 NSE : MAN IND.(I) 10 May, 16:01

Market Cap ₹2363 Cr.

Stock P/E 20.5

P/B 1.7

Current Price ₹365

Book Value ₹ 212

Face Value 5

52W High ₹459

Dividend Yield 0.55%

52W Low ₹ 108

Edit Ratio

Man Industries Research see more...

Overview Inc. Year: 1988Industry: Steel & Iron Products

Man Industries (India) Ltd is an totally India-based holding corporation. The Company is engaged within the production and coating of large diameter carbon metal pipes, infrastructure, and realty and trading. The Company is a manufacturer and exporter of large diameter carbon metallic line pipes for various high pressure transmission programs for gas, crude oil, petrochemical merchandise and potable water. The Company gives merchandise, including longitudinal submerged arc welded (LSAW) pipes, helically submerged arc welded (HSAW) pipes and coating products. The Company's LSAW Line Pipes are manufactured in diameter, starting from 16 to 56 inches. Its HSAW merchandise are utilized in oil transportation, water supply, sewerage, agriculture, construction and other applications. The Company has its production facilities for LSAW and HSAW line pipes and also for numerous sorts of anti-corrosion coating structures.

Man Industries Share Price

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Man Industries Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	490	631	614	510	465	658	598	490	1018	833
Other Income	11	4	16	13	2	14	11	4	21	14
Total Income	501	635	630	523	467	672	609	494	1039	847
Total Expenditure	448	572	573	488	450	599	557	444	948	768
Operating Profit	53	63	57	35	17	73	52	50	91	79
Interest	8	11	10	9	9	12	11	21	22	20
Depreciation	11	12	12	12	11	11	11	15	15	16
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	34	41	35	14	-3	49	30	14	54	43
Provision for Tax	9	10	9	4	2	12	4	3	15	13
Profit After Tax	24	31	27	10	-5	37	26	11	39	31
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	24	31	27	10	-5	37	26	11	39	31
Adjusted Earnings Per Share	4.3	5.5	4.5	1.6	-0.8	6.2	4.3	1.9	6.5	5.1

Man Industries Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	1514	1005	1364	1391	1060	1608	2222	1759	2080	2139	2231	2939
Other Income	50	35	35	68	72	57	22	17	31	37	52	50
Total Income	1563	1040	1399	1458	1133	1664	2244	1776	2111	2176	2283	2989
Total Expenditure	1322	954	1250	1271	1012	1483	2045	1592	1875	1958	2106	2717
Operating Profit	242	86	149	187	121	181	199	185	236	218	177	272
Interest	44	42	46	56	36	43	64	64	53	37	41	74
Depreciation	40	32	43	37	40	39	46	52	46	45	45	57
Exceptional Income / Expenses	-54	0	0	0	0	-4	0	-3	0	0	0	0
Profit Before Tax	104	12	60	93	44	95	88	65	137	135	90	141
Provision for Tax	41	3	10	7	11	32	30	10	36	33	22	35
Profit After Tax	62	9	50	86	34	64	59	56	101	102	68	107
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	62	9	50	86	34	64	59	56	101	102	68	107
Adjusted Earnings Per Share	10.4	1.6	8.8	15.1	5.9	11.2	10.3	9.7	17.7	17.2	11.3	17.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	4%	8%	7%	4%
Operating Profit CAGR	-19%	-1%	-0%	-3%
PAT CAGR	-33%	7%	1%	1%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	236%	54%	43%	19%
ROE Average	7%	10%	10%	9%
ROCE Average	11%	15%	15%	13%

Man Industries Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	655	661	482	566	598	652	702	746	835	942	1004
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	299	310	317	190	131	90	49	15	2	4	128
Other Non-Current Liabilities	70	68	58	46	46	40	45	43	39	31	31
Total Current Liabilities	566	537	642	439	581	915	798	1022	910	843	564
Total Liabilities	1590	1575	1499	1243	1356	1698	1594	1827	1786	1820	1728
Fixed Assets	428	405	416	349	346	355	396	368	337	318	489
Other Non-Current Assets	170	98	58	156	141	250	249	280	241	283	299
Total Current Assets	992	1072	1025	737	870	1092	949	1178	1208	1219	940
Total Assets	1590	1575	1499	1243	1356	1698	1594	1827	1786	1820	1728

Man Industries Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	107	169	179	148	168	155	5	5	136	17	82
Cash Flow from Operating Activities	-443	247	64	205	-75	132	137	214	-60	451	-119
Cash Flow from Investing Activities	194	-29	-61	2	21	-105	0	-46	4	-119	-135
Cash Flow from Financing Activities	310	-208	-35	-188	41	-115	-138	-37	-63	-267	209
Net Cash Inflow / Outflow	61	10	-31	19	-13	-88	-1	131	-119	65	-45
Closing Cash & Cash Equivalent	169	179	148	168	155	67	5	136	17	82	37

Man Industries Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	10.41	1.58	8.82	15.14	5.88	11.15	10.3	9.72	17.66	17.17	11.31
CEPS(Rs)	17.02	7.16	16.28	21.64	12.9	18.02	18.35	18.88	25.78	24.84	18.86
DPS(Rs)	2	1	1.5	1.5	1.5	1.5	1.5	1	2	0	2
Book NAV/Share(Rs)	109.55	115.69	84.49	99.17	104.77	114.21	122.94	130.7	145.35	158.95	167.08
Core EBITDA Margin(%)	12.6	5.06	8.24	8.58	4.56	7.75	7.94	9.52	9.86	8.44	5.6
EBIT Margin(%)	9.71	5.36	7.66	10.77	7.6	8.61	6.88	7.37	9.11	8.06	5.89
Pre Tax Margin(%)	6.8	1.23	4.35	6.71	4.18	5.93	3.98	3.71	6.57	6.31	4.05
PAT Margin (%)	4.08	0.89	3.63	6.21	3.17	3.96	2.65	3.15	4.85	4.75	3.05
Cash Profit Margin (%)	6.67	4.04	6.7	8.88	6.94	6.4	4.72	6.13	7.08	6.87	5.08
ROA(%)	3.8	0.57	3.28	6.31	2.58	4.17	3.57	3.24	5.58	5.63	3.83
ROE(%)	9.83	1.37	8.81	16.49	5.77	10.19	8.69	7.66	12.79	11.47	6.99
ROCE(%)	12.36	4.73	10.24	15.8	8.21	13.4	15.56	13.16	17.68	16.33	11.48
Receivable days	79.04	114.44	103.5	98.65	104.53	82.12	77.05	104.28	97.03	102.43	84.92
Inventory Days	105.33	99.78	51.02	52.43	40.69	59.85	52.16	61.85	62.39	55.46	35.92
Payable days	97.13	131.35	129.52	105.76	96.07	119.17	122.72	162.49	138.39	146.67	112.67
PER(x)	10.32	38.4	5.06	4.13	7.87	11.1	6.43	4.21	4.52	5.57	8.22
Price/Book(x)	0.98	0.52	0.53	0.63	0.44	1.08	0.54	0.31	0.55	0.6	0.56
Dividend Yield(%)	1.86	1.65	3.36	2.4	3.24	1.21	2.26	2.44	2.51	0	2.15
EV/Net Sales(x)	0.67	0.6	0.44	0.39	0.52	0.63	0.26	0.17	0.31	0.18	0.31
EV/Core EBITDA(x)	4.18	7.05	4.04	2.9	4.61	5.56	2.89	1.58	2.7	1.72	3.86
Net Sales Growth(%)	-13.55	-33.58	35.69	1.96	-23.75	51.58	38.21	-20.81	18.24	2.81	4.33
EBIT Growth(%)	0.51	-63.41	96.22	40.98	-46.19	71.65	10.49	-15.2	46.13	-9.09	-23.71
PAT Growth(%)	-12.44	-85.5	458.19	71.64	-61.17	89.71	-7.62	-5.67	81.7	0.73	-33.06
EPS Growth(%)	-19.01	-84.82	458.19	71.64	-61.17	89.71	-7.62	-5.67	81.7	-2.81	-34.09
Debt/Equity(x)	0.82	0.66	1.03	0.62	0.75	0.56	0.35	0.37	0.34	0.05	0.29
Current Ratio(x)	1.75	2	1.6	1.68	1.5	1.19	1.19	1.15	1.33	1.45	1.67
Quick Ratio(x)	0.98	1.78	1.17	1.39	1.31	0.74	0.92	0.78	0.96	1.07	1.45
Interest Cover(x)	3.34	1.3	2.32	2.65	2.22	3.22	2.37	2.01	3.59	4.62	3.2
Total Debt/Mcap(x)	0.83	1.26	1.94	0.99	1.69	0.52	0.64	1.19	0.62	0.09	0.53

Man Industries Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	42.62	44.7	45.69	45.69	45.69	45.69	45.69	49.62	49.62	46.15
FII	1.93	1.84	1.73	1.83	1.65	1.6	2.22	1.61	2.14	1.64
DII	0.2	0.19	0.19	0.19	0.19	0.23	0.04	0.04	0.65	3.32
Public	55.25	53.27	52.39	52.29	52.48	52.48	52.05	48.73	47.6	48.9
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	2.43	2.65	2.75	2.75	2.75	2.75	2.75	2.98	2.98	2.99
FII	0.11	0.11	0.1	0.11	0.1	0.1	0.13	0.1	0.13	0.11
DII	0.01	0.01	0.01	0.01	0.01	0.01	0	0	0.04	0.21
Public	3.15	3.15	3.15	3.14	3.15	3.15	3.13	2.93	2.86	3.17
Others	0	0	0	0	0	0	0	0	0	0
Total	5.71	5.92	6.01	6.01	6.01	6.01	6.01	6.01	6.01	6.47

Pros

Debtor days have improved from 146.67 to 112.67days.
Company is almost debt free.

Cons

Promoter holding is low: 46.15%.
Company has a low return on equity of 10% over the last 3 years.
The company has delivered a poor profit growth of 1% over past five years.

* 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.

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Man Industries

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Man Industries Research see more...

Overview Inc. Year: 1988Industry: Steel & Iron Products

Man Industries Share Price

Alert Data

Quarterly Price

Peer Comparison

Man Industries Quarterly Results

Man Industries Profit & Loss

Growth Rates

Man Industries Balance Sheet

Man Industries Cash Flow

Man Industries Ratios

Man Industries Shareholding Pattern

Man Industries News

Top Unlisted Companies & InstaBuy Companies

Electrosteel Steel Ltd

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