MAN INDUSTRIES (I) LTD. (MANINDS) financials

MAN INDUSTRIES (I) LTD. (MANINDS) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

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 PipeIndustry.

Market Cap: ₹6,491Cr.
Current Price: ₹865
Stock P/E: 26.5
ROE: 11.7%
ROCE: 19.6%
Book Value: ₹256
Dividend Yield: 0.00%
52W High / Low: ₹1,040/302

In Jun 2026, MAN INDUSTRIES (I) LTD. (MANINDS) reported sales ₹1,010 Cr and net profit ₹78 Cr.

Annual TTM: sales ₹3,752 Cr, net profit ₹245 Cr.

Shareholding: Promoters 43.21% (Sep 2026), FIIs 3.49% (Sep 2026), DIIs 1.17% (Sep 2026), Public 52.12% (Sep 2026), No. of Shareholders 58,731% (Sep 2026).

MANINDS quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	805	731	850	713	782	804	1,157	1,010
Expenses	736	659	786	667	670	677	1,003	871
Operating Profit	69	72	64	46	112	127	154	139
OPM %	9%	10%	8%	6%	14%	16%	13%	14%
Other Income	9	15	37	35	-13	13	18	18
Interest	21	26	35	30	30	38	55	32
Depreciation	10	11	10	12	21	20	22	21
Profit before tax	46	50	57	39	48	82	95	104
Tax %	24%	25%	29%	25%	25%	25%	26%	25%
Net Profit	35	38	40	29	36	61	70	78
EPS in Rs	5.42	5.81	6.23	4.33	4.75	8.12	9.36	10.39
Raw PDF	—	—	—	—	—	—	—	—

MANINDS profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	1,759	2,075	2,094	2,092	3,080	3,118	3,455	3,752
Expenses	1,593	1,870	1,914	1,957	2,850	2,841	3,016	3,221
Operating Profit	166	205	180	136	230	277	440	531
OPM %	9%	10%	9%	6%	7%	9%	13%	14%
Other Income	14	31	37	40	66	54	53	37
Interest	64	53	37	41	87	102	154	155
Depreciation	52	46	45	45	60	43	76	84
Profit before tax	64	136	135	90	149	186	263	329
Tax %	15%	26%	25%	25%	26%	26%	26%	—
Net Profit	54	101	101	67	110	137	196	245
EPS in Rs	9.45	17.62	17.11	11.19	16.95	21.18	26.11	32.62
Dividend Payout %	11%	11%	0%	18%	12%	0%	0%	—

MANINDS balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	29	29	29	30	30	32	32	38
Reserves	673	716	804	911	973	1,246	1,386	1,885
Borrowings	244	301	303	64	303	323	371	535
Other Liabilities	650	785	655	817	421	681	1,682	2,088
Total Liabilities	1,596	1,831	1,791	1,822	1,727	2,282	3,472	4,545
Fixed Assets	396	368	337	313	483	504	499	683
CWIP	3	4	1	16	3	31	94	26
Investments	131	133	133	133	136	368	216	271
Other Assets	1,066	1,326	1,320	1,360	1,105	1,379	2,664	3,564
Total Assets	1,596	1,831	1,791	1,822	1,727	2,282	3,472	4,545

MANINDS cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	138	213	-60	438	-112	309	78	293
Cash from Investing Activity	0	-46	4	-109	-126	-260	-19	-540
Cash from Financing Activity	-138	-36	-63	-267	187	83	-77	183
Net Cash Flow	-0	131	-119	62	-51	132	-17	-65
Free Cash Flow	111	203	-72	402	-311	215	-16	228
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	93%	144%	-11%	269%	-63%	149%	44%	78%

MANINDS shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	46.15%	46.20%	48.21%	43.21%	43.21%	43.21%	43.21%	43.21%
FIIs	2.16%	3.33%	2.19%	2.32%	3.35%	2.41%	2.87%	3.49%
DIIs	2.64%	1.03%	0.88%	1.68%	1.26%	1.34%	1.43%	1.17%
Public	49.05%	49.43%	48.73%	52.77%	52.18%	53.03%	52.48%	52.12%
No. of Shareholders	56,984	56,405	59,257	54,425	51,822	50,913	49,144	58,731

MANINDS key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	88	89	112	94	85	41	104	101
Inventory Days	47	110	85	72	24	55	141	206
Days Payable	120	162	133	178	75	78	180	251
Cash Conversion Cycle	14	37	64	-11	33	17	65	56
Working Capital Days	13	-19	29	21	36	17	28	20
ROCE %	15%	13%	17%	16%	10%	16%	17%	20%

MANINDSUpdated 18 Oct 2026, 7:04

Man Industries (i) Ltd.

MANINDSUpdated 18 Oct 2026, 7:04

Market Cap

₹6,491Cr.

Current Price

₹865

High / Low

₹1,040/302

Stock P/E

26.5

ROE11.7%

ROCE19.6%

Book Value₹256

Face Value₹5.00

Dividend Yield0.00%

About

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	464	21	417	4	15	15	21	12	1.98
Sep 2023	1008	22	936	23	15	58	26	43	7.23
Dec 2023	830	20	766	21	15	50	25	37	6.18
Mar 2024	778	24	732	18	15	25	32	17	2.66
Jun 2024	732	18	695	25	12	32	25	24	3.73
Sep 2024	805	21	736	9	10	46	24	35	5.42
Dec 2024	731	26	659	15	11	50	25	38	5.81
Mar 2025	850	35	786	37	10	57	29	40	6.23
Jun 2025	713	30	667	35	12	39	25	29	4.33
Sep 2025	782	30	670	-13	21	48	25	36	4.75
Dec 2025	804	38	677	13	20	82	25	61	8.12
Mar 2026	1157	55	1003	18	22	95	26	70	9.36
Jun 2026	1010	32	871	18	21	104	25	78	10.39

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	1364	46	1249	38	42	64	17	54	9.38
Mar 2016	1392	56	1274	69	37	93	7	86	15.06
Mar 2017	1060	36	1015	74	40	43	25	33	5.72
Mar 2018	1572	43	1450	54	39	95	34	63	11.01
Mar 2019	2215	64	2039	21	46	87	34	57	10.05
Mar 2020	1759	64	1593	14	52	64	15	54	9.45
Mar 2021	2075	53	1870	31	46	136	26	101	17.62
Mar 2022	2094	37	1914	37	45	135	25	101	17.11
Mar 2023	2092	41	1957	40	45	90	25	67	11.19
Mar 2024	3080	87	2850	66	60	149	26	110	16.95
Mar 2025	3118	102	2841	54	43	186	26	137	21.18
Mar 2026	3455	154	3016	53	76	263	26	196	26.11
TTM	3752	155	3221	37	84	329	—	245	32.62

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	43.21%
FIIs	3.49%
DIIs	1.17%
Public	52.12%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Government	Public
Dec 2023	49.61%	2.14%	0.64%	—	47.6%
Mar 2024	46.15%	1.64%	3.31%	—	48.9%
Jun 2024	46.12%	1.84%	3.31%	—	48.72%
Sep 2024	46.15%	2.52%	3.27%	—	48.05%
Dec 2024	46.15%	2.16%	2.64%	—	49.05%
Mar 2025	46.2%	3.33%	1.03%	—	49.43%
Jun 2025	48.21%	2.19%	0.88%	—	48.73%
Sep 2025	43.21%	2.32%	1.68%	—	52.77%
Dec 2025	43.21%	3.35%	1.26%	—	52.18%
Mar 2026	43.21%	2.41%	1.34%	—	53.03%
Jun 2026	43.21%	2.87%	1.43%	—	52.48%
Sep 2026	43.21%	3.49%	1.17%	—	52.12%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	29	460	443	517	1448	354	3	102	989	1448
Mar 2016	29	541	353	327	1249	347	19	105	780	1249
Mar 2017	29	572	447	313	1361	343	5	105	908	1361
Mar 2018	29	625	374	679	1706	355	63	129	1158	1706
Mar 2019	29	673	244	650	1596	396	3	131	1066	1596
Mar 2020	29	716	301	785	1831	368	4	133	1326	1831
Mar 2021	29	804	303	655	1791	337	1	133	1320	1791
Mar 2022	30	911	64	817	1822	313	16	133	1360	1822
Mar 2023	30	973	303	421	1727	483	3	136	1105	1727
Mar 2024	32	1246	323	681	2282	504	31	368	1379	2282
Mar 2025	32	1386	371	1682	3472	499	94	216	2664	3472
Mar 2026	38	1885	535	2088	4545	683	26	271	3564	4545

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	112	-60	-82	-30
Mar 2016	208	3	-191	19
Mar 2017	-76	20	43	-13
Mar 2018	160	-107	-140	-88
Mar 2019	138	0	-138	0
Mar 2020	213	-46	-36	131
Mar 2021	-60	4	-63	-119
Mar 2022	438	-109	-267	62
Mar 2023	-112	-126	187	-51
Mar 2024	309	-260	83	132
Mar 2025	78	-19	-77	-17
Mar 2026	293	-540	183	-65

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	125	65	111	85	88	89	112	94	85	41	104	101
Inventory Days	46	44	49	130	47	110	85	72	24	55	141	206
Days Payable	135	75	94	179	120	162	133	178	75	78	180	251
Cash Conversion Cycle	36	33	66	36	14	37	64	-11	33	17	65	56
Working Capital Days	24	36	50	20	13	-19	29	21	36	17	28	20
ROCE %	11%	16%	8%	14%	15%	13%	17%	16%	10%	16%	17%	20%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of MAN INDUSTRIES (I) LTD. (MANINDS)?

The reported market capitalisation for MAN INDUSTRIES (I) LTD. (MANINDS) is ₹6,491Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of MANINDS?

The current price shown for MAN INDUSTRIES (I) LTD. (MANINDS) on Fincrux is ₹865 with a 52-week high/low of ₹1,040/302.

What is the P/E ratio of MAN INDUSTRIES (I) LTD. (MANINDS)?

The stock P/E for MAN INDUSTRIES (I) LTD. (MANINDS) is 26.5 on Fincrux, with ROE at 11.7% and ROCE at 19.6%.

What were MANINDS latest quarterly results?

For Jun 2026, MAN INDUSTRIES (I) LTD. (MANINDS) reported sales ₹1,010 Cr and net profit ₹78 Cr (figures in ₹ crore unless noted).

What are MANINDS annual sales and net profit?

For TTM, MAN INDUSTRIES (I) LTD. (MANINDS) shows sales of ₹3,752 Cr and net profit of ₹245 Cr on the Fincrux profit & loss statement.

Who owns MAN INDUSTRIES (I) LTD. (MANINDS)?

Latest shareholding for MAN INDUSTRIES (I) LTD. (MANINDS) on Fincrux: Promoters 43.21% (Sep 2026), FIIs 3.49% (Sep 2026), DIIs 1.17% (Sep 2026), Public 52.12% (Sep 2026), No. of Shareholders 58,731% (Sep 2026).

Where can I find MAN INDUSTRIES (I) LTD. (MANINDS) financials?

MAN INDUSTRIES (I) LTD. (MANINDS) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show MANINDS balance sheet and cash flow?

Yes. The MAN INDUSTRIES (I) LTD. (MANINDS) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 18 October 2026 at 7:04