Man Industries India Ltd Stock Price Today (NSE: MANINDS)
Fundamental Score
Man Industries India Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis
Man Industries India Ltd share price today is ₹548.60, up +3.63% on NSE/BSE as of 3 August 2026. Man Industries India Ltd (MANINDS) is a Small-cap company in the Iron & Steel Products sector with a market capitalisation of ₹4.13K (Cr). The 52-week high for MANINDS share price is ₹623.70 and the 52-week low is ₹302.05. At a P/E ratio of 24.25x, MANINDS is currently trading above its industry average P/E of 22.88x. The company has a Return on Equity (ROE) of 9.23% and a debt-to-equity ratio of 0.30.
Man Industries India Ltd Share Price Chart — NSE/BSE Historical Performance
Man Industries India Ltd share price chart: -8.74% return over the past month. 52-week high ₹623.70, 52-week low ₹302.05.
Man Industries India Ltd — Last 10 Trading Days
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| ₹532.00 | ₹537.00 | ₹525.00 | ₹532.30 | 1.21L (Cr) | |
| ₹530.50 | ₹532.05 | ₹521.00 | ₹529.40 | 89.49K (Cr) | |
| ₹530.00 | ₹534.65 | ₹525.25 | ₹529.40 | 95.52K (Cr) | |
| ₹527.00 | ₹535.00 | ₹518.60 | ₹526.05 | 1.28L (Cr) | |
| ₹533.90 | ₹543.75 | ₹524.05 | ₹526.80 | 1.89L (Cr) | |
| ₹529.50 | ₹534.70 | ₹515.85 | ₹527.35 | 1.82L (Cr) | |
| ₹535.00 | ₹536.50 | ₹525.45 | ₹527.20 | 91.75K (Cr) | |
| ₹529.55 | ₹542.90 | ₹525.40 | ₹535.75 | 1.87L (Cr) | |
| ₹543.00 | ₹543.30 | ₹528.00 | ₹529.55 | 1.88L (Cr) | |
| ₹557.00 | ₹557.00 | ₹539.95 | ₹543.30 | 1.33L (Cr) |
Man Industries India Ltd — Last 12 Months Price History
| Month | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| ₹586.35 | ₹605.00 | ₹515.85 | ₹532.30 | -9.22% | |
| ₹498.00 | ₹623.70 | ₹480.15 | ₹581.65 | +16.80% | |
| ₹526.65 | ₹606.40 | ₹496.50 | ₹500.50 | -4.97% | |
| ₹330.20 | ₹570.00 | ₹326.05 | ₹526.65 | +59.49% | |
| ₹416.00 | ₹462.00 | ₹315.55 | ₹318.35 | -23.47% | |
| ₹321.80 | ₹470.90 | ₹302.05 | ₹461.95 | +43.55% | |
| ₹389.00 | ₹400.00 | ₹303.70 | ₹325.50 | -16.32% | |
| ₹471.10 | ₹471.10 | ₹377.05 | ₹386.55 | -17.95% | |
| ₹411.70 | ₹491.00 | ₹365.00 | ₹466.40 | +13.29% | |
| ₹365.80 | ₹424.95 | ₹356.50 | ₹410.95 | +12.34% | |
| ₹384.65 | ₹458.40 | ₹340.00 | ₹364.00 | -5.37% | |
| ₹440.00 | ₹458.90 | ₹379.80 | ₹382.50 | -13.07% |
AI Research Briefing
Powered by Gemini · 2026-04-09
Small-cap pipe maker riding the global infra wave, but liquidity and governance risks temper enthusiasm.
WHAT'S HAPPENING NOW
Man Industries secured new orders worth in January 2026, boosting the unexecuted order book to These orders, from both domestic and international markets, are for coated line pipes and related solutions, to be executed within six months.
CORE STORY
- Strong order book of ₹4,600 crore
- Capacity expansion plans in Jammu and Saudi Arabia
- Outperformance relative to sector on April 7, 2026
- New order announcements
- Commissioning of Jammu and Saudi Arabia facilities
- Resolution of SEBI investigation
- Small-cap liquidity risk
- Promoter stake decrease of 5.0%
- SEBI investigation overhang
Promoter stake decreased by 5.0%; FII increased by 0.13%; DII increased by 0.8%.
Indian steel industry is growing, but profitability is under pressure due to fluctuating raw material costs.
Secured new orders worth ₹550 crore in January 2026, boosting the unexecuted order book to ₹4,600 crore.
Yes - Free Cash Flow 5Y: ₹147.37 Cr
Order book provides near-term revenue visibility. Capacity expansions could drive significant growth if executed successfully.
Primary Thesis Risk
Small-cap liquidity and governance concerns could derail the growth story.
For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.
Returns & Performance
Return on Equity (ROE)
Profit generated per ₹1 of shareholder equity
Return on Capital (ROCE)
Returns generated on total capital deployed
Oper. Profit Margin (5Y Avg)
Average operating profit margin over 5 years
Dividend Yield
Annual dividend as % of current share price
Man Industries India Ltd Valuation Check
Price to Earnings (P/E)
Share price ÷ earnings per share. Lower = cheaper
Industry Avg P/E
Average P/E of all peers in this sector
Market Capitalisation
Total market value of all outstanding shares
Growth Engine
Profit Growth (Quarterly YoY)
Net profit growth vs same quarter last year
Revenue Growth (Quarterly YoY)
Revenue growth vs same quarter last year
Revenue Growth (5-Year CAGR)
Compounded annual revenue growth over 5 years
EPS Growth (5-Year CAGR)
Earnings per share growth over 5 years
Net Profit Growth (5-Year CAGR)
Compounded annual net profit growth over 5 years
Balance Sheet Health
Debt to Equity Ratio
Total debt ÷ equity. Below 0.5 = financially healthy
Interest Coverage Ratio
EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably
Free Cash Flow (5-Year Total)
Cash left after capex over 5 years. Positive = self-funded growth
Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice
Man Industries India Ltd Fundamental Analysis & Valuation Benchmarking
Educational evaluation of MANINDS across key market metrics for learning purposes.
Positive Indicators
3 factors identified
Excellent ROCE Performance (16.21%)
Observation: Superior returns on capital employed across business operations.
Analysis: ROCE >15% demonstrates efficient capital deployment and strong operational performance.
Conservative Debt Levels (D/E: 0.30)
Observation: Low leverage provides financial flexibility and reduced risk.
Analysis: Conservative debt structure offers resilience during economic downturns.
Strong Cash Generation (₹394.09 Cr over 5Y)
Observation: Healthy free cash flow generation supports growth and returns.
Analysis: Strong FCF provides flexibility for dividends, debt reduction, and growth investments.
Risk Factors
6 factors identified
Below-Average Return on Equity (9.23%)
Observation: Returns on equity are below industry benchmarks.
Analysis: ROE <10% may indicate inefficient capital utilization. Consider monitoring for operational improvements and management effectiveness.
Profit Decline Concern (-25.39%)
Observation: Significant year-over-year profit contraction observed.
Analysis: Declining profitability requires investigation into underlying causes.
Revenue Contraction (-5.02%)
Observation: Sales decline may indicate market challenges or competitive pressures.
Analysis: Negative revenue growth requires analysis of market conditions.
Limited Institutional Interest (FII+DII: 3.75%)
Observation: Low institutional participation may affect liquidity.
Analysis: Limited institutional interest may indicate size constraints or visibility issues.
High Share Pledging Risk (20.05%)
Observation: Significant promoter share pledging creates potential overhang.
Analysis: High pledging levels may create selling pressure during market downturns.
No Dividend Distribution
Observation: Company does not currently pay dividends to shareholders.
Analysis: Zero dividend yield may indicate growth reinvestment focus or cash flow constraints.
Man Industries India Ltd vs Iron & Steel Products Peers
Peer Comparison - Iron & Steel Products
Compare Man Industries India Ltd with 10 other companies in the same sector
| Company Info | Fundamental | Valuation | Profitability | Financial Health | Growth | Dividend | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Company Company name | Score Bull Run comprehensive fundamental score based on 20+ metrics | Price Current trading price of the stock | Market Cap Total value of all shares in the market | P/E Price per share divided by earnings per share | ROE Net income divided by shareholder equity | ROCE Earnings before interest and tax divided by capital employed | Debt/Eq Total debt divided by total equity | Profit 5Y Average annual profit growth over 5 years | Sales 5Y Average annual sales growth over 5 years | Dividend Annual dividend per share divided by price per share |
Man Industries India LtdMan Industries ...Selected✓ MANINDS • 513269 | 22.1/100 | ₹548.60₹549 | ₹4133.47₹4133.47 | 24.25Average 24.3 Average | 9.23%Poor 9.23% Poor | 16.21%Good 16.21% Good | 0.30Excellent 0.3 Excellent | 11.25%Good 11.25% Good | 11.37%Good 11.37% Good | 0.00% |
Apl Apollo Tubes LtdApl Apollo Tube... APLAPOLLO • 533758 | 58.7/100 | ₹1819.50₹1820 | ₹50449.08₹50449.08 | 41.93Average 41.9 Average | 25.31%Excellent 25.31% Excellent | 31.64%Excellent 31.64% Excellent | 0.09Excellent 0.1 Excellent | 27.28%Excellent 27.28% Excellent | 22.11%Excellent 22.11% Excellent | 0.32% |
Welspun Corp LtdWelspun Corp Lt... WELCORP • 532144 | 64.3/100 | ₹1439.30₹1439 | ₹44413.13₹44413.13 | 27.56Average 27.6 Average | 19.42%Good 19.42% Good | 22.89%Excellent 22.89% Excellent | 0.26Excellent 0.3 Excellent | 20.91%Excellent 20.91% Excellent | 18.58%Excellent 18.58% Excellent | 0.30% |
Shyam Metalics and Energy LtdShyam Metalics ... SHYAMMETL • 543299 | 56.3/100 | ₹1031.30₹1031 | ₹28869.18₹28869.18 | 26.97Average 27.0 Average | 9.70%Poor 9.70% Poor | 13.01%Average 13.01% Average | 0.09Excellent 0.1 Excellent | 4.90%Average 4.90% Average | 24.12%Excellent 24.12% Excellent | 0.44% |
Ratnamani Metals & Tubes LtdRatnamani Metal... RATNAMANI • 520111 | 45.6/100 | ₹2358.90₹2359 | ₹18251.63₹18251.63 | 37.27Average 37.3 Average | 12.64%Average 12.64% Average | 17.92%Good 17.92% Good | 0.08Excellent 0.1 Excellent | 12.16%Good 12.16% Good | 14.35%Good 14.35% Good | 0.38% |
Godawari Power & Ispat LtdGodawari Power ... GPIL • 532734 | 57.1/100 | ₹242.40₹242 | ₹17056.25₹17056.25 | 20.95Average 20.9 Average | 15.20%Good 15.20% Good | 20.37%Excellent 20.37% Excellent | 0.08Excellent 0.1 Excellent | 4.99%Average 4.99% Average | 6.38%Good 6.38% Good | 0.39% |
Gallantt Ispat LtdGallantt Ispat ... GALLANTT • 532726 | 61.9/100 | ₹614.60₹615 | ₹16624.26₹16624.26 | 34.33Average 34.3 Average | 15.73%Good 15.73% Good | 18.23%Good 18.23% Good | 0.17Excellent 0.2 Excellent | 42.84%Excellent 42.84% Excellent | 34.42%Excellent 34.42% Excellent | 0.18% |
Jindal Saw LtdJindal Saw Ltd... JINDALSAW • 500378 | 50.8/100 | ₹256.95₹257 | ₹16352.11₹16352.11 | 25.02Average 25.0 Average | 8.20%Poor 8.20% Poor | 10.43%Average 10.43% Average | 0.37Excellent 0.4 Excellent | 25.27%Excellent 25.27% Excellent | 10.91%Good 10.91% Good | 0.78% |
Usha Martin LtdUsha Martin Ltd... USHAMART • 517146 | 69.7/100 | ₹495.95₹496 | ₹15127.41₹15127.41 | 30.03Average 30.0 Average | 16.64%Good 16.64% Good | 20.18%Excellent 20.18% Excellent | 0.07Excellent 0.1 Excellent | 27.59%Excellent 27.59% Excellent | 11.97%Good 11.97% Good | 0.60% |
Jayaswal Neco Industries LtdJayaswal Neco I... JAYNECOIND • 522285 | 47/100 | ₹86.03₹86 | ₹8896.22₹8896.22 | 18.90Average 18.9 Average | 18.05%Good 18.05% Good | 20.67%Excellent 20.67% Excellent | 0.74Good 0.7 Good | 23.24%Excellent 23.24% Excellent | 14.17%Good 14.17% Good | 0.00% |
Maharashtra Seamless LtdMaharashtra Sea... MAHSEAMLES • 500265 | 60.6/100 | ₹565.35₹565 | ₹7890.10₹7890.10 | 11.21Average 11.2 Average | 10.65%Average 10.65% Average | 14.29%Average 14.29% Average | 0.00Excellent 0.0 Excellent | 28.94%Excellent 28.94% Excellent | 15.16%Excellent 15.16% Excellent | 1.70% |
Top Iron & Steel Products Stocks
View all →By Bull Run Score
By Return on Equity
By Market Cap
- Apl Apollo Tubes Ltd share price50449.08 Cr
- Welspun Corp Ltd share price44413.13 Cr
- Shyam Metalics and Energy Ltd share price28869.18 Cr
- Ratnamani Metals & Tubes Ltd share price18251.63 Cr
- Godawari Power & Ispat Ltd share price17056.25 Cr
Man Industries India Ltd PE Ratio History
Historical price-to-earnings ratio for MANINDS — last 5 years
| Year | EPS (₹) | Price (₹) | P/E Ratio |
|---|---|---|---|
| FY 2025 | ₹22.78 | ₹386.55 | 17x |
| FY 2024 | ₹16.73 | ₹327.60 | 19.6x |
| FY 2023 | ₹11.17 | ₹285.20 | 25.5x |
| FY 2022 | ₹17.52 | ₹77.65 | 4.4x |
P/E = year-end price ÷ diluted EPS from annual filings. Source: NSE/BSE via Bull Run.
Man Industries India Ltd Dividend History
Annual cash dividends paid by MANINDS — dividend yield N/A
| Financial Year | Dividends Paid (₹ Cr) |
|---|---|
| FY 2024 | ₹11.96 Cr |
| FY 2023 | ₹11.84 Cr |
| FY 2021 | ₹11.36 Cr |
Cash dividends from annual cash flow statements. Past dividends do not guarantee future payments. Not investment advice.
Man Industries India Ltd Quarterly Performance
Latest quarterly metrics for MANINDS — revenue growth and profit growth vs same quarter last year
Revenue Growth (YoY)
-5.02%
Latest quarter vs same quarter previous year
Net Profit Growth (YoY)
-25.39%
Latest quarter net profit vs same quarter previous year
5-Year Revenue CAGR
11.37%
Compounded annual revenue growth over 5 years
5-Year Profit CAGR
11.25%
Compounded annual net profit growth over 5 years
Man Industries India Ltd Technical Indicators
SMA 50, SMA 200, RSI and volume signals for MANINDS — calculated from daily price history
Selling pressure is heavy — potential reversal zone.
Technical indicators are for educational purposes only. Not investment advice.
Man Industries India Ltd Financial Statements
Annual income statement, balance sheet and cash flow for Man Industries India Ltd (MANINDS) — sourced from NSE/BSE filings.
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About MANINDS (Man Industries India Ltd)
Man Industries India Ltd is a prominent Indian manufacturer specializing in the production and distribution of a diverse range of iron and steel products. Their core business revol...ves around the fabrication of high-quality submerged arc-welded pipes, catering to critical infrastructure projects and industrial applications. The company's product portfolio encompasses both longitudinal (LSAW) and helically (HSAW) welded pipes, enabling them to meet a wide spectrum of project requirements, from transporting vital resources to structural applications. Beyond the pipes themselves, Man Industries also provides specialized coatings and linings, enhancing the durability and longevity of their products in demanding operational environments. The company's expertise extends beyond welding technology to include the manufacturing of electro resistance-welded (ERW) pipes, offering a cost-effective alternative for various applications. Furthermore, Man Industries produces hot induction bends (HIB) pipes, essential components for pipeline systems requiring directional changes and customized configurations. This comprehensive suite of products positions Man Industries as a reliable supplier for a wide array of sectors, contributing to the development of essential infrastructure across diverse industries. Man Industries' commitment to quality and innovation has established a strong presence in both domestic and international markets. Their products find application in vital sectors such as oil and gas, petrochemicals, water management, dredging, and fertilizer industries, underscoring their role in supporting key industrial processes. With a focus on export, the company contributes to global infrastructure development, demonstrating its capacity to meet the demands of discerning clients worldwide.
Company Details
Key Leadership
Corporate Events
MANINDS Share Price: Frequently Asked Questions
What is the current share price of Man Industries India Ltd?
Man Industries India Ltd (MANINDS) trades at ₹548.60 on NSE and BSE. Market cap ₹4.13K (Cr). Educational data only.
What is the P/E ratio of Man Industries India Ltd?
Man Industries India Ltd has a P/E of 24.25x vs industry average 22.88x.
What is the Bull Run score for Man Industries India Ltd?
Man Industries India Ltd has a Bull Run score of 22.1/100 based on 25+ financial parameters.
Does Man Industries India Ltd pay dividends?
Man Industries India Ltd has a dividend yield of 0.00%. Past dividends don't guarantee future payments.
What is the ROE of Man Industries India Ltd?
Man Industries India Ltd has ROE of 9.23%. Higher ROE indicates better use of shareholder equity.
What is the debt-to-equity ratio of Man Industries India Ltd?
Man Industries India Ltd has debt-to-equity of 0.30.
Is Man Industries India Ltd a good investment?
Bull Run gives Man Industries India Ltd a score of 22.1/100. This is not investment advice — consult a SEBI-registered advisor.