Shares of this small-cap company surged over 7 per cent after securing a large export order!

The total order book of the company now stands at approximately Rs 2000 crore.

On March 16, 2023, Man Industries (India) Limited informed in the exchange filing that the company has received new export order of approximately Rs1300 crore. The company also stated that “This order reflects robust business environment and showcases the trust of the customers they have in the Company’s technological and executional capabilities”.'

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. Man Industries has two plants: one plant in Anjar, Kutch District of Gujarat and 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. Both facilities put together spread across 150 acres of land.

Today, the stock opened at Rs 86.45, with a high and low of Rs 92.80 and Rs 83.21. The stock closed trading at Rs 89.05, up by 4.59 per cent. 

In the last six months, the shares of the company have given about -6 per cent returns and in the last 1 year, the stock has given about 5 per cent returns.

The stock has a 52-week high of Rs 106.70 and a 52-week low of Rs 69.55. The company has a ROCE of 16.1 per cent and an ROE of 11.3 per cent with a market capitalisation of Rs 540 crore.