Recently, the Company has received new orders of approximately Rs 500 crore. The total order book of the Company stands at approximately Rs 2300 crore to be executed in 6 to 8 months. This order reflects the robust business environment and showcases the trust of the customers they have in the Company’s technological and execution 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. The shares of the company saw a spurt in volume by more than 3.89 times on BSE.
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Talking about the financials, Man Industries has a market cap of Rs 952 crore with a 3-year CAGR of 58 per cent. The company reported positive numbers for Quarterly Results and annual results. The stock has a PE of 12.50x whereas the sectoral PE is 27x.