Rs 2,100 crore order book: This multibagger pipes manufacturing company bags new order worth Rs 505 crore from an International Customer
The stock gave multibagger returns of 205 per cent in just 1 year whereas BSE Small-cap Index is up by 60 per cent.
Man Industries (India) Ltd secured new export orders valued at approximately Rs. 505 crores (Rupees Five Hundred Five Crores Only) from international customers. These orders are for the supply of various types of pipes and need to be completed within the next 6-8 months. This signifies the company's strong presence in the international market and the trust customers have in their capabilities.
Man Industries (India) Ltd, a leading manufacturer of large-diameter pipes for over 30 years, is one of India's biggest exporters of LSAW and HSAW pipes, with a production capacity of 1 million tonnes. Their product range caters to oil & gas, water, and other sectors, including pipes, bends, and coatings, and they boast an impressive track record of supplying over 17,000 kilometres of pipes worldwide to clients like GAIL, IOCL, and Shell.
Man Industries (India) Ltd.'s board of directors, in a meeting on March 13, 2024, approved the issuance of 46,32,133 fully paid-up new equity shares to non-promoter investors.
Ashish Kacholia was allocated 13,62,395 shares, AIFs & MFs (Turnaround Opportunities Fund, 360 One Equity Opportunity Fund, ITI Multi Cap Fund, ITI Flexi Cap Fund, ITI Mid Cap Fund, ITI Large Cap Fund, ITI Value Fund and Emkay Emerging Stars Fund – VI) were allocated 19,07,353 shares and Partnership Firm - RBA & Finance Investment Co. was allocated 13,62,395 shares.
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Man Industries has a market cap of over Rs 2,400 crore with a 3-year CAGR of 55 per cent. The current unexecuted order book as of today stands at Rs 2,100 crore which will be executed within the next 6 to 8 months. Additionally, the company reported positive numbers in its Quarterly Results and annual results.
The stock gave multibagger returns of 205 per cent in just 1 year whereas BSE Small-Cap Index is up by 60 per cent. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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