Rs 1,600 crore order book: This multibagger small-cap iron & steel company bags new order worth Rs 400 crore!

Shares of the company gained about 100 per cent in the last six months.

Man Industries (India) Limited informed in the exchange filing that the company has bagged an order worth Rs 400 crore. The order is from the domestic customer and the order is to supply various types of pipes. The order is to be completed within six months. The company has an unexecuted order book of Rs 1,600 crores. The company is expected to achieve a turnover of Rs 3,000 crore in FY24. And has a revenue target of Rs 5,000 crore in FY25.

Man Industries 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 has two plants: one plant in Anjar, Kutch District of Gujarat and the other in Pithampur, Madhya Pradesh. Anjar plant facilitates easy transportation to two major ports Kandla and Mundra as well as provides good connectivity to the road network.

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Man Industries (India) Limited has also delivered multibagger returns to its shareholders in the last one year. During this period, the company’s share price jumped from Rs 63.20 on October 09, 2022, to Rs 188.75 on October 04, 2023, an increase of about 100 per cent in one-year holding period.

Today, the stock opened at Rs 195.35, with a high and low of Rs 195.35 and Rs 185.60. The stock closed currently trading at Rs 188.50, down by 3.26 per cent over its previous close of Rs 194.85.  The stock has a 52-week high of Rs 196.40 and a 52-week low of Rs 71.70.

Disclaimer: The article is for informational purposes only and not investment advice.