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Earnings Call

Man Industries (India) Earnings Call: Key Takeaways

Man Industries acquires National Pipe Company (KSA) for USD 102Mn, targeting a combined FY30 revenue of INR ~8,500 Cr and structurally higher consolidated margins.

Why this was an Alfa AlertFuture growth guidance >50%: Management guides FY30 consolidated revenue of INR 8,500 Cr, representing a massive multi-year CAGR from current levels.
Highlights
Revenue growthFY30 target INR 8,500 Cr vs ~INR 1,900 Cr NPC current.
MarginsAcquisition accretive; group EBITDA margin to re-rate from 10-12% to 15-17%.
Order bookNPC has USD 120Mn (INR ~1,130-1,150 Cr) order book.
Demand visibilityStrong; USD 1T+ Saudi infrastructure pipeline through 2030.
Management confidenceHigh; citing 20+ year Aramco relationship and Vision 2030 alignment.

Growth

NPC CY25: Revenue USD 211.4Mn, PAT USD 38.3Mn. Targets FY30 consolidated revenue growth to INR ~8,500 Cr.

Outlook

Combined capacity 1.6MTPA. Guiding FY30 EBITDA margins of 15-17% and PAT margins of 9-12%.

Risks

Concentration in Saudi/India markets; integration of NPC; dependency on Saudi Vision 2030 infrastructure spends.

Source

Earnings Call filed with BSE, NSE: MANINDS. Summary written with AI assistance from the document.

Read the document ↗

Man Industries (India) Ltd: key numbers

Share price
₹855.05
Market cap
₹6,414 Cr
Revenue (annual)
₹3,564 Cr
Net profit (annual)
₹170.5 Cr
P/E (TTM)
31.4×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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13:53 IST BSE
New Order Win

Man Industries (India) Bags ₹600 Cr Order from Domestic and International Customers

Man Industries received new pipe supply orders worth Rs.600 Crores from domestic and international customers, deliverable in 6-9 months. Total order book stands at Rs.4,100 Crores.

Value
₹600.0 Cr
From
Domestic and International Customers
Execution
6 - 9 months
Order book
₹4,100 Cr