Man Industries (India) Ltd Share Price – NSE  / BSE

Steel, Small Cap

Net profit of Man Industries (India) rose 16.07% to Rs 36.98 crore in the quarter ended September 2025 as against Rs 31.86 crore during the previous quarter ended September 2024. Sales rose 3.46% to Rs 834.09 crore in the quarter ended September 2025 as against Rs 806.23 crore during the previous quarter ended September 2024.

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The board of Man Industries (India) at its meeting held on 13 November 2025 has approved the incorporation of the following subsidiaries:

- Incorporation of a step-down subsidiary namely Man Coating Complex - L.L.C - S.P.C, being the subsidiary of Man Overseas Metal DMCC, a wholly owned subsidiary of the company.

- Incorporation of a step-down subsidiary namely Man Overseas Investment LLC, being the subsidiary of Man Overseas Metal DMCC, a wholly owned subsidiary of the Company.

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The board of Man Industries (India) at its meeting held on 13 November 2025 has approved the appointment of Esha Padmanabhan Achan (DIN:10350369) as an Additional Director (Non Executive, Independent) of the Company with effect from 13 November 2025, subject to approval of the shareholders.

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EBITDA improved by 36.7% to Rs 102 crore in Q2 FY26 from Rs 74 crore in Q2 FY25. EBITDA margin was 12.5% in Q2 FY26 as against 9.1% in Q2 FY25.

Profit before tax in Q2 FY26 stood at Rs 49 crore, up by 15.5% from Rs 43 crore recorded in Q2 FY25.

The company stated that performance was driven by a favorable product and geographic mix along with continued cost optimization and operational efficiency initiatives.

The company maintained a net cash position, with a cash balance of Rs 14 crore as of 30 September 2025.

The company?s executable order book stands at around Rs 4,750 crore, scheduled for delivery over the next 6?9 months. In addition, it also has a bid pipeline exceeding Rs 15,000 crore.

The company further said that the outlook for H2 FY26 remains strong, driven by steady order execution and healthy new order inflows. The company reiterates its full-year revenue growth guidance of around 20% year-on-year.

Nikhil Mansukhani, managing director, MAN Industries (India), said: ?We are delighted to report our highest-ever quarterly EBITDA margin, reflecting the strength of our strategy, execution excellence, and focus on operational efficiency.

The improvement in profitability and margins reflects the resilience and scalability of our business model. With a record order book, capacity expansions progressing in Saudi Arabia and Jammu, and a growing international footprint, we are well-positioned for the next phase of growth.?

MAN Industries (India) is the flagship company of the MAN Group. The company is one of the largest manufacturers and exporters of large diameter carbon steel line pipes in India, with capabilities in LSAW (longitudinal submerged arc welded), HSAW (helical submerged arc welded), and ERW (electric resistance welded) pipe technologies, as well as advanced pipe coating solutions.

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