Rs 2,900 crore Order Book: New Manufacturing Facility Boosts Production Capacity by 50,000 TPA

The one-year return is -32.17 per cent, and 223.39 per cent multibagger returns in 3 years.

MAN Industries (India) Limited has inaugurated a new Spiral Mill and Polyurethane (PU) Coating Facility at its Pithampur plant in Madhya Pradesh. This development significantly enhances the company's production capabilities, increasing its annual capacity from 100,000 tonnes per annum (TPA) to 150,000 TPA. The facility, which required an investment of approximately Rs 100 crores, enables the production of pipes ranging from 12 inches to 120 inches in diameter, catering to the growing demand in sectors like oil and gas, water transmission, and infrastructure development in India.

The new Spiral Mill facility is designed to meet high industry standards, ensuring precision and reliability in pipeline systems. The addition of an advanced PU Coating Facility and 3 Layer Polyethylene (3 LPE) Coating enhances pipe durability, making them suitable for various environmental conditions. This move strengthens MAN Industries' position in the pipe manufacturing sector in India.

The inauguration ceremony was attended by notable figures, including Shri Kailash Vijayvargiya, Hon’ble Cabinet Minister, and Shri Shankar Lalwani, Hon’ble Member of Parliament. According to Nikhil Mansukhani, Managing Director of MAN Industries, this development is a significant step in serving the industry with high-quality products and supporting India’s infrastructure, energy, and water management sectors.

MAN Industries is also advancing its plants in Saudi Arabia and Jammu, reinforcing its global presence. This expansion aligns with the company’s commitment to innovation, sustainability, and superior product quality, strengthening its foothold in the pipe manufacturing industry in India and abroad.

MAN Industries (India) Limited is a prominent manufacturer of large-diameter carbon steel line pipes, serving high-pressure transmission applications in various sectors. The company's stock is currently priced at Rs 266.15, with a market capitalisation of Rs 1,722.93 crores. Over a three-year period, the stock has delivered a return of 223.39 per cent, classifying it as a multibagger stock. With a PE ratio of 15.78, MAN Industries continues to focus on technological advancements and quality, contributing to India's industrial growth.

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 leading manufacturer of large diameter pipes with 3 Decades of presence in Pipe

Man Industries Ltd has a market capitalisation of Rs 1,719 crore and is currently trading at Rs 266 per share. The stock has reached a 52-week high of Rs 514 and a low of Rs 201 over the past year. The one-year return is -32.17 per cent, and 223.39 per cent multibagger returns in 3 years. 

In the Quarterly Results of December 2024, the company reported revenue of Rs 731.94 crore, declining by 12.13 per cent year-on-year and 9.21 per cent quarter-on-quarter. Net profit stood at Rs 34.12 crore, reflecting an increase of 11.50 per cent year-on-year and 7.09 per cent quarter-on-quarter. The net profit margin for the quarter was 4.66 per cent, compared to 3.95 per cent in September 2024 and 3.67 per cent in December 2023.

For the full financial year 2024, revenue was Rs 3,142.18 crore, marking a growth of 40.82 per cent compared to Rs 2,231.34 crore in FY23. Net profit increased to Rs 109.16 crore, registering a growth of 89.54 per cent from Rs 53.09 crore in the previous year. The net profit margin improved to 1.69 per cent in FY24 from 1.26 per cent in FY23.

With a PE ratio of 15.8x, the company trades at a discount compared to the industry PE of 23.6x. The company has ROCE of 14.4 per cent and ROE of 8.07 per cent.  

Investors must keep this Small-Cap stock on their radar.

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