Rs 1,300 crore order book & 52-week high alert: This multibagger company bags new orders worth Rs 400 crore from domestic & international customers!

The stock gave multibagger returns of 375 per cent in just 1 year whereas BSE Small-cap Index is up by 52 per cent.

Man Industries (India) Ltd informed that the company has received new orders of approximately Rs 400 crore. The order includes the supply of various types of pipes to domestic & international customers and will be completed within the next 6 months. Additionally, the total unexecuted order book as of today stands at approximately Rs 1,300 crore which will be executed in 6 months.

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 the leading manufacturers of large-diameter pipes with 3 decades of presence in the pipe industry.

Today, shares of Man Industries Ltd zoomed 5.12 per cent to an intraday high and 52-week high of Rs 397.05 per share from its previous closing of Rs 377.70. At the closing bell, shares of the company were trading at Rs 390 per share, up 3.26 per cent with a spurt in volume by more than 1.87 times on BSE.

According to the Quarterly Results, the net sales increased by 119 per cent to Rs 1,018 crore and net profit increased by 880 per cent to Rs 39 crore in Q2FY24 over Q2FY23. In its annual results, the net sales increased by 4 per cent to Rs 2,231 crore and net profit decreased by 33 per cent to Rs 68 crore in FY23 over FY22. The current unexecuted order book as of today stands at Rs 1400 crore which will be executed within the next 6 months.

Man Industries has a market cap of Rs 2,344 crore with a 3-year CAGR of 60 per cent. The stock has a PE of 20x whereas the sectoral PE is 23x. The stock gave multibagger returns of 375 per cent in just 1 year whereas BSE Small-Cap Index is up by 52 per cent. Investors should keep an eye on this small-cap stock.

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