ALFA Finder
The call ran from 4:01 PM to 4:58 PM IST (58 min).
Key takeaways
Record ₹190 Cr EBITDA (15.6% margin) on ₹1,216 Cr revenue (+49% YoY), NPC-driven; ₹300 Cr deferred shipments and unclear ₹24 Cr gain treatment warrant caution.
| Management target | Revenue 20.0% FY28 |
|---|
| Revenue growth | +49% YoY, +14% QoQ; largely NPC acquisition-led, not organic. |
|---|---|
| Margins | EBITDA margin 15.6% vs 12.5% YoY, 14.6% QoQ; H1 15.1%. |
| Order book | ₹3,500 Cr; bid pipeline ₹19,000 Cr, analyst cites ₹24,000 Cr prior. |
| Demand visibility | Saudi bid book strong; US demand claimed, unquantified; Hormuz a headwind. |
| Management confidence | Confident but deflective; dodges standalone guidance, leverage target, and freight specifics. |
Growth
Revenue +49% YoY, +14% QoQ, with NPC (₹486 Cr, first full quarter) a major driver; H1 revenue +43.6%.
Outlook
FY28 consolidated revenue growth guided 20-25%; peak gross debt ₹1,700 Cr, net ₹200-250 Cr in FY27 excluding US.
Risks
H2 flat vs H1 implies ~₹4,600 Cr FY27, short of ₹5,000 Cr target; freight costs rising to 20-25%.
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Man Industries (India) Q2 FY27 Results: Net Profit ₹82 Cr, Up 121.6% YoY
Man Industries (India) Ltd reported revenue from operations of ₹1,210 Cr (+45.1% YoY) and net profit of ₹82 Cr (+121.6% YoY) for Q2 FY27.
- Key figure
- Net profit ₹82 Cr · +121.6% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Guided ₹5,000 Cr revenue for FY27; NPC and Jammu plants operational by March 2027.
Growth they described
Consolidated revenue grew 37.7% YoY to ₹1,065 Cr; PAT more than doubled to ₹61 Cr.
Call details
| Company | Man Industries (india) Ltd |
|---|---|
| NSE symbol | MANINDS |
| ISIN | INE993A01026 |
| Call | Q2 FY27 earnings call |
| Date | Friday, 13 November 2026 |
| Time | 4:00 PM IST |
| Length | 58 min |
| Audio | Our stream on YouTube ↗ |
Man Industries (india) Ltd: key numbers
- Share price
- ₹821.45
- Market cap
- ₹6,162 Cr
- Revenue (annual)
- ₹3,564 Cr
- Net profit (annual)
- ₹170.5 Cr
- P/E (TTM)
- 24.7×Sector 17.1×
- Promoter holding
- 43.21%+0.00% QoQ
- FII holding
- 3.49%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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