MANINDS - Man Industries (India) Ltd Share Price

Industrial Products

Sharesguru Stock Score

MANINDS

68/100

High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years

₹350.50+3.20(+0.92%)

Market Closed as of Apr 2, 2026, 15:30 IST

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Pros

Balance Sheet: Strong Balance Sheet.

Past Returns: Outperforming stock! In past three years, the stock has provided 56% return compared to 9.3% by NIFTY 50.

Growth: Good revenue growth. With 59.8% growth over past three years, the company is going strong.

Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.

Cons

Technicals: SharesGuru indicator is Bearish.

Dilution: Company has a tendency to dilute it's stock investors.

Valuation
Market Cap	2.65 kCr
Price/Earnings (Trailing)	13.74
Price/Sales (Trailing)	0.72
EV/EBITDA	6.66
Price/Free Cashflow	-34.74
MarketCap/EBT	10.4
Enterprise Value	3.03 kCr

Fundamentals
Revenue (TTM)	3.66 kCr
Rev. Growth (Yr)	13.7%
Earnings (TTM)	187.77 Cr
Earnings Growth (Yr)	61.3%

Profitability
Operating Margin	7%
EBT Margin	7%
Return on Equity	9.55%
Return on Assets	4.64%
Free Cashflow Yield	-2.88%

Growth & Returns
Price Change 1W	2.3%
Price Change 1M	-31.1%
Price Change 6M	-5.7%
Price Change 1Y	20.6%
3Y Cumulative Return	56%
5Y Cumulative Return	34.4%
7Y Cumulative Return	26.4%
10Y Cumulative Return	18.5%

Cash Flow & Liquidity
Cash Flow from Investing (TTM)	-44.7 Cr
Cash Flow from Operations (TTM)	66.93 Cr
Cash Flow from Financing (TTM)	34.05 Cr
Cash & Equivalents	73.6 Cr
Free Cash Flow (TTM)	-87.39 Cr
Free Cash Flow/Share (TTM)	-11.65

Balance Sheet
Total Assets	4.05 kCr
Total Liabilities	2.08 kCr
Shareholder Equity	1.97 kCr
Current Assets	2.86 kCr
Current Liabilities	1.74 kCr
Net PPE	570.85 Cr
Inventory	937.08 Cr
Goodwill	68.82 Cr

Capital Structure & Leverage
Debt Ratio	0.11
Debt/Equity	0.23
Interest Coverage	0.92
Interest/Cashflow Ops	1.6

Dividend & Shareholder Returns
Dividend Yield	0.46%
Shares Dilution (1Y)	15.9%
Shares Dilution (3Y)	24.8%

Technical Indicators
RSI (14d)	36.73
RSI (5d)	61.5
RSI (21d)	36.8
MACD Signal	Sell
Stochastic Oscillator Signal	Buy
SharesGuru Signal	Sell
RSI Signal	Hold
RSI5 Signal	Hold
RSI21 Signal	Hold
SMA 5 Signal	Buy
SMA 10 Signal	Sell
SMA 20 Signal	Sell
SMA 50 Signal	Sell
SMA 100 Signal	Sell

Shareholder Name	Holding %
Rameshchandra Mansukhani	15%
Man Finance Private Limited	11.96%
Heena Vinay Kalantri	6.48%
Nikhil Mansukhani	4.78%
Ashish Kacholia	3.04%
Suresh Kumar Agarwal	3.04%
Man Global Limited	2.46%
Deepadevi Rameshchandra Mansukhani	2.41%
Vikas Vijaykumar Khemani	2.39%
Hiten Dilip Bhatia	1.61%
The Court Receiver High Court Bombay(Com Arb Pet No 31/2020)	1.29%
B Arunkumar Capital And Credit Services Pvt Ltd	1.26%
Anil Laxmichand Shah	1.12%
Carnelian Structural Shift Fund	1.02%
Rameshchandra Mansukhani (HUF)	0.1%
Jagdishchandra Jhamaklal Mansukhani (Refer note)	0.02%
Anita Jagdish Mansukhani (Refer note)	0.01%
Priyal Mansukhani (Refer note)	0%
Man Tubinox Limited (Refer note)	0%
Jpa Solutions Private Limited (Refer note)	0%

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
APLAPOLLO	APL Apollo Tubes	52.94 kCr	21.81 kCr	-13.30%	+22.10%	46.35	2.43	-	-
WELCORP	Welspun Corp	22.34 kCr	16.52 kCr	-1.50%	-0.70%	11.47	1.35	-	-
RATNAMANI	Ratnamani Metals & Tubes	15.84 kCr	5.22 kCr	-10.40%	-13.70%	27.26	3.03	-	-
JINDALSAW	Jindal Saw	12.25 kCr	18.4 kCr	-1.20%	-29.40%	10.84	0.67	-	-
MAHSEAMLES	Maharashtra Seamless	7.85 kCr	5.29 kCr	-0.30%	-19.90%	9.34	1.49	-	-

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Revenue From Operations	11.6%	3,505	3,142	2,231	2,139	2,080	1,759
Other Income	0%	52	52	40	37	31	17
Total Income	11.4%	3,557	3,194	2,271	2,176	2,111	1,776
Cost of Materials	-6.1%	2,336	2,487	1,456	1,535	1,283	1,166
Purchases of stock-in-trade	511.9%	258	43	233	63	181	100
Employee Expense	11.8%	77	69	60	54	55	56
Finance costs	13.8%	100	88	41	37	53	64
Depreciation and Amortization	-26.7%	45	61	45	45	46	52
Other expenses	-8.6%	392	429	261	321	416	272
Total Expenses	9.8%	3,349	3,050	2,181	2,041	1,974	1,708
Profit Before exceptional items and Tax	44.8%	208	144	90	135	137	68
Exceptional items before tax	-	0	0	0	0	0	-2.5
Total profit before tax	44.8%	208	144	90	135	137	65
Current tax	44.4%	53	37	21	36	37	23
Deferred tax	25.4%	1.84	1.67	1.53	-2.89	-1.17	-12.84
Total tax	42.1%	55	39	22	33	36	9.76
Total profit (loss) for period	46.2%	153	105	68	102	101	56
Other comp. income net of taxes	1396.3%	5.04	1.27	3.43	-4.4	-2.62	6.74
Total Comprehensive Income	49.5%	158	106	71	97	98	62
Earnings Per Share, Basic	38%	23.66	17.42	11.33	17.78	17.66	9.72
Earnings Per Share, Diluted	38.5%	22.78	16.73	11.33	17.52	16.78	9.72

Description	(%) Q/Q	Dec-2025	Sep-2025	Jun-2025	Mar-2025	Dec-2024	Sep-2024
Revenue From Operations	-0.5%	830	834	742	1,218	732	806
Other Income	136.2%	8.34	-19.29	31	15	5.54	11
Total Income	2.9%	839	815	774	1,234	737	817
Cost of Materials	143.4%	736	303	515	661	543	548
Purchases of stock-in-trade	-100.6%	0	177	115	12	74	78
Employee Expense	15.8%	23	20	20	21	16	20
Finance costs	27.6%	38	30	30	35	26	21
Depreciation and Amortization	-4.8%	21	22	13	11	11	11
Other expenses	101.1%	182	91	83	102	114	107
Total Expenses	-0.4%	762	765	735	1,143	691	774
Profit Before exceptional items and Tax	56.2%	76	49	38	91	47	43
Total profit before tax	56.2%	76	49	38	91	47	43
Current tax	111.1%	20	10	9	24	12	11
Deferred tax	-73.7%	1.25	1.95	1.64	-0.59	0.93	-0.19
Total tax	81.8%	21	12	11	23	13	11
Total profit (loss) for period	50%	55	37	28	68	34	32
Other comp. income net of taxes	1871.4%	3.48	0.86	-1.85	4.45	-0.61	0.99
Total Comprehensive Income	56.8%	59	38	26	73	34	33
Earnings Per Share, Basic	73.4%	7.64	4.83	4.13	9.15	5.36	4.92
Earnings Per Share, Diluted	76.9%	7.51	4.68	4.13	8.82	5.16	4.74

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Revenue From Operations	1.2%	3,118	3,080	2,092	2,094	2,075	1,759
Other Income	30.8%	86	66	40	37	31	17
Total Income	1.8%	3,204	3,146	2,133	2,131	2,106	1,776
Cost of Materials	-4.7%	2,328	2,442	1,456	1,492	1,283	1,166
Purchases of stock-in-trade	471.1%	258	46	98	63	177	100
Employee Expense	9.1%	73	67	58	53	54	54
Finance costs	14%	99	87	41	37	53	64
Depreciation and Amortization	-28.8%	43	60	45	45	46	52
Other expenses	-9.6%	388	429	260	321	417	276
Total Expenses	0.7%	3,019	2,998	2,043	1,997	1,969	1,709
Profit Before exceptional items and Tax	25%	186	149	90	135	136	66
Exceptional items before tax	-	0	0	0	0	0	-2.5
Total profit before tax	25%	186	149	90	135	136	64
Current tax	25%	46	37	21	36	37	23
Deferred tax	423.5%	2.78	1.34	1.53	-2.89	-1.17	-12.84
Total tax	23.7%	48	39	22	33	36	9.76
Total profit (loss) for period	24.8%	137	110	67	101	101	54
Other comp. income net of taxes	1752.6%	4.52	1.19	4.82	-4.14	-2.62	6.69
Total Comprehensive Income	28.2%	142	111	72	97	98	61
Earnings Per Share, Basic	17.4%	21.18	18.19	11.21	17.72	17.62	9.45
Earnings Per Share, Diluted	17.8%	20.39	17.46	11.21	17.46	16.74	9.45

Description	(%) Q/Q	Dec-2025	Sep-2025	Jun-2025	Mar-2025	Dec-2024	Sep-2024
Revenue From Operations	2.8%	804	782	713	850	731	805
Other Income	186.7%	13	-12.84	35	37	15	8.78
Total Income	6.2%	817	769	748	888	745	814
Cost of Materials	183.3%	715	253	494	667	549	543
Purchases of stock-in-trade	-100.6%	0	177	115	12	74	78
Employee Expense	11.8%	20	18	18	19	17	18
Finance costs	27.6%	38	30	30	35	26	21
Depreciation and Amortization	-5%	20	21	12	10	11	10
Other expenses	84.5%	180	98	80	98	114	108
Total Expenses	1.9%	735	721	709	831	695	768
Profit Before exceptional items and Tax	72.3%	82	48	39	57	50	46
Total profit before tax	72.3%	82	48	39	57	50	46
Current tax	111.1%	20	10	9	16	12	11
Deferred tax	-127.9%	0.83	1.61	0.84	0.64	0.85	0.07
Total tax	81.8%	21	12	9.84	17	13	11
Total profit (loss) for period	71.4%	61	36	29	40	38	35
Other comp. income net of taxes	307.6%	3.18	-0.05	-1.84	3.92	-0.62	0.92
Total Comprehensive Income	80%	64	36	27	44	37	36
Earnings Per Share, Basic	105.8%	8.45	4.62	4.36	6.32	5.72	5.42
Earnings Per Share, Diluted	110.7%	8.31	4.47	4.36	6.09	5.5	5.21

Description	Share	Value
Manufacturing	100.0%	830.4 Cr
Total		830.4 Cr

Category	MANINDS	Industrial
PE	13.74	22.11
PS	0.72	1.39
Growth	16.3 %	6.3 %

Description	(%) Q/Q	Sep-2025	Mar-2025	Sep-2024	Mar-2024	Sep-2023	Mar-2023
Cash and cash equivalents	-70.1%	74	245	67	189	114	37
Current investments	0%	26	26	105	228	30	0.32
Loans, current	18.3%	0.33	0.18	4.5	2.15	1.94	72
Total current financial assets	46.7%	1,923	1,311	903	851	761	744
Inventories	-26.2%	937	1,269	1,108	646	697	121
Current tax assets	-	-	0	0	0	0	1.25
Total current assets	4%	2,860	2,751	2,136	1,598	1,566	940
Property, plant and equipment	-0.2%	571	572	538	540	511	489
Capital work-in-progress	7.6%	143	133	33	31	53	14
Investment property	0%	1.43	1.43	1.43	1.43	1.7	0
Goodwill	0%	69	69	67	64	62	0
Non-current investments	-	0	0	0	0	0	102
Total non-current financial assets	87.2%	280	150	102	114	96	199
Total non-current assets	15.7%	1,190	1,029	923	818	772	788
Total assets	-	-	3,779	-	-	-	-
Total assets	-	-	3,779	-	-	-	-
Total assets	7.2%	4,050	3,779	3,059	2,415	2,338	1,728
Borrowings, non-current	73.7%	239	138	164	136	142	128
Total non-current financial liabilities	55.6%	239	154	179	150	156	129
Provisions, non-current	104.7%	2.31	1.64	0	0.54	1.8	2.31
Total non-current liabilities	84.9%	345	187	209	180	186	159
Borrowings, current	-34.2%	209	317	36	172	47	166
Total current financial liabilities	-25.7%	1,155	1,555	1,339	706	966	534
Provisions, current	-500%	0.64	1.09	9.81	6.85	5.63	6.79
Current tax liabilities	1381.5%	17	2.08	0.15	5.4	5.86	0
Total current liabilities	-12.4%	1,739	1,985	1,390	830	980	564
Total liabilities	-	-	2,172	-	-	-	-
Total liabilities	-	-	2,172	-	-	-	-
Total liabilities	-4.1%	2,084	2,172	1,599	1,010	1,166	724
Equity share capital	19.4%	38	32	32	32	30	30
Total equity	22.4%	1,967	1,607	1,460	1,405	1,172	1,004
Total equity and liabilities	7.2%	4,050	3,779	3,059	2,415	2,338	1,728

Description	(%) Q/Q	Sep-2025	Mar-2025	Sep-2024	Mar-2024	Sep-2023	Mar-2023
Cash and cash equivalents	-60.8%	63	159	66	161	109	28
Current investments	41.2%	25	18	100	223	26	0.25
Loans, current	47.1%	201	137	195	179	125	100
Total current financial assets	40.9%	2,007	1,425	1,066	981	864	755
Inventories	-34.2%	614	932	813	352	400	107
Current tax assets	-	-	0	0	0	0	1.25
Total current assets	4.3%	2,621	2,513	1,992	1,414	1,367	936
Property, plant and equipment	-2%	489	499	488	504	486	483
Capital work-in-progress	8.6%	102	94	29	31	40	3.08
Goodwill	-	0.41	0	0	0	0	0
Non-current investments	1%	199	197	197	145	136	136
Loans, non-current	845.5%	105	12	0	0	0	0
Total non-current financial assets	35.5%	486	359	351	258	303	232
Total non-current assets	22.7%	1,176	959	955	867	847	790
Total assets	9.3%	3,796	3,472	2,947	2,282	2,214	1,727
Borrowings, non-current	73.5%	237	137	194	135	140	128
Total non-current financial liabilities	102.7%	305	151	207	148	155	129
Provisions, non-current	98.4%	2.27	1.64	0	0.54	1.8	1.96
Total non-current liabilities	86.3%	342	184	237	177	185	159
Borrowings, current	-26.5%	159	216	3.51	172	54	170
Total current financial liabilities	-24.1%	1,096	1,443	1,308	704	969	535
Provisions, current	-671.4%	0.6	1.07	6.69	6.47	5.08	6.6
Current tax liabilities	1381.5%	17	2.08	18	6.3	5.86	0
Total current liabilities	-10.3%	1,677	1,869	1,372	826	983	565
Total liabilities	-1.7%	2,019	2,054	1,609	1,004	1,167	724
Equity share capital	19.4%	38	32	32	32	30	30
Total equity	25.2%	1,777	1,419	1,338	1,278	1,047	1,003
Total equity and liabilities	9.3%	3,796	3,472	2,947	2,282	2,214	1,727

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Finance costs	7.6%	100	93	41	37	-	-
Change in inventories	-160.1%	-622.91	-238.85	198	13	-	-
Depreciation	-26.7%	45	61	45	45	-	-
Unrealised forex losses/gains	-16.1%	-31.85	-27.3	12	-18.76	-	-
Dividend income	-9.1%	0.04	0.12	0	0	-	-
Adjustments for interest income	-17.6%	15	18	0	0	-	-
Net Cashflows from Operations	-59%	120	291	-114.3	454	-	-
Dividends received	-	0.04	0	-0.18	0	-	-
Interest received	-	0	0	-4.27	-2.72	-	-
Income taxes paid (refund)	62.5%	53	33	0	0	-	-
Net Cashflows From Operating Activities	-74.2%	67	257	-118.75	451	-	-
Proceeds from sales of PPE	-4.2%	0	0.04	0	0	-	-
Purchase of property, plant and equipment	28.6%	154	120	207	46	-	-
Proceeds from sales of investment property	-	0	0	42	2.11	-	-
Dividends received	-13.6%	0	0.12	0.18	0	-	-
Interest received	-103.8%	0	27	4.27	2.72	-	-
Other inflows (outflows) of cash	-253.1%	-92.41	62	25	-78.21	-	-
Net Cashflows From Investing Activities	82.7%	-44.7	-263.69	-135.49	-119.06	-	-
Proceeds from changes in ownership interests in subsidiaries	-	4.41	0	0	0	-	-
Proceeds from issuing shares	-100.6%	0	179	4.5	10	-	-
Proceeds from borrowings	88.5%	148	79	263	0	-	-
Repayments of borrowings	51%	0	-1.04	0	234	-	-
Payments of lease liabilities	1.3%	6.6	6.53	5.25	5.25	-	-
Dividends paid	-109.1%	0	12	12	0	-	-
Interest paid	25%	111	89	41	38	-	-
Other inflows (outflows) of cash	-117.3%	0	6.79	0	0	-	-
Net Cashflows from Financing Activities	-79%	34	158	209	-267.22	-	-
Net change in cash and cash eq.	-63.6%	56	152	-45.06	65	-	-

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Finance costs	14%	99	87	41	37	-	-
Change in inventories	-137%	-580.2	-244.2	198	26	-	-
Depreciation	-28.8%	43	60	45	45	-	-
Unrealised forex losses/gains	-16.1%	-31.85	-27.3	12	-18.76	-	-
Dividend income	-	0.04	0	0	0	-	-
Adjustments for interest income	58.8%	28	18	0	0	-	-
Net Cashflows from Operations	-57.5%	142	333	-106.81	441	-	-
Interest paid	-	113	0	0	0	-	-
Interest received	-	0	0	-5.08	-2.82	-	-
Income taxes paid (refund)	-103.1%	0	33	0	0	-	-
Net Cashflows From Operating Activities	-90.6%	29	299	-111.89	438	-	-
Purchase of property, plant and equipment	0%	94	94	199	36	-	-
Proceeds from sales of investment property	-	0	0	43	2.11	-	-
Dividends received	-	0.04	0	0	0	-	-
Interest received	-112.8%	0	8.8	5.08	2.82	-	-
Other inflows (outflows) of cash	-101.6%	0	62	25	-77.91	-	-
Net Cashflows From Investing Activities	143.7%	111	-250.87	-126.06	-108.94	-	-
Proceeds from changes in ownership interests in subsidiaries	-	-52.07	0	0	0	-	-
Proceeds from issuing shares	-100.6%	0	170	4.5	10	-	-
Proceeds from borrowings	477.7%	46	8.79	241	0	-	-
Repayments of borrowings	-	0	0	0	234	-	-
Payments of lease liabilities	3.1%	6.7	6.53	0	0	-	-
Dividends paid	-109.1%	0	12	12	0	-	-
Interest paid	-101.2%	0	83	41	38	-	-
Income taxes paid (refund)	-	44	0	0	0	-	-
Other inflows (outflows) of cash	-1593.8%	-85.64	6.8	0	0	-	-
Net Cashflows from Financing Activities	-272.7%	-142.31	84	187	-267.06	-	-
Net change in cash and cash eq.	-102.3%	-1.97	132	-50.74	62	-	-

MANINDS - Man Industries (India) Ltd Share Price

MANINDS

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)

MANINDS

MANINDS - Man Industries (India) Ltd Share Price

MANINDS

Valuation

Fundamentals

Profitability

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)

Growth & Returns

Cash Flow & Liquidity

Balance Sheet

Capital Structure & Leverage

Dividend & Shareholder Returns

MANINDS

Investor Care

Financial Health

Technical Indicators

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

What does Man Industries (India) Ltd do?

Important Disclosure & Data Context

Valuation

Fundamentals

Profitability

Growth & Returns

Cash Flow & Liquidity

Balance Sheet

Capital Structure & Leverage

Dividend & Shareholder Returns

Investor Care

Financial Health

Technical Indicators

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

What does Man Industries (India) Ltd do?

Important Disclosure & Data Context