Rs 2,900 crore Order Book: The global leader in the Line Pipe Industry secured a new order worth approximately Rs 250 crore, Strengthening its Order Book
Man Industries secured a Rs 250 crore order, increasing its order book to Rs 2,900 crore. In Q2 FY25 the company reported quarterly revenue growth but year-on-year decline.
Man Industries (India) Limited has secured a new order worth approximately Rs 250 crore, further reinforcing its market position. The order is expected to be executed over the next 6 to 12 months.
With this addition, the company’s total unexecuted order book now stands at around Rs 2,900 crore. The latest contract reflects strong customer trust in the company’s technological and execution capabilities.
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The order, received from a domestic or international customer, involves the supply of various types of pipes. The company has clarified that there is no involvement of promoter or related party transactions in this contract.
This development highlights a robust business environment for Man Industries as it continues to expand its pipeline manufacturing and supply operations.
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 Industry.
In the Quarterly Results of September 2024, the company's revenue stood at Rs 806.23 crore, compared to Rs 748.70 crore in June 2024 and Rs 1,018.00 crore in September 2023. This reflects a year-on-year decline of 20.80 per cent and a quarter-on-quarter growth of 7.68 per cent.
The net profit for September 2024 was Rs 31.86 crore, rising from Rs 19.05 crore in June 2024 but lower than Rs 39.04 crore in September 2023. The net profit margin for September 2024 was 3.95 per cent, compared to 2.54 per cent in June 2024 and 3.83 per cent in September 2023. Net profit declined by 18.39 per cent year-on-year and increased by 67.24 per cent quarter-on-quarter.
Investors can keep this micro-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.