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Earnings Call

Man Industries (India) Earnings Call: Key Takeaways

Man Industries achieved record standalone EBITDA (14%) and PAT margins in FY26. A transformative $102M acquisition of National Pipe Company (NPC) in Saudi Arabia was closed, significantly scaling operations.

Why this was an Alfa AlertManagement guides >50% YoY revenue growth for FY27 (₹5,000cr+ vs ₹3,592cr in FY26), representing a ~40-53% jump.
Highlights
Revenue growthFY26 standalone 11% YoY; FY27 guidance ₹5,000-5,500cr (consolidated).
MarginsTargeting 13-15% consolidated EBITDA; Saudi margins higher at 15-20%.
Order bookStandalone order book at ₹3,000cr; large bid book pending awards.
Demand visibilityStrong bid book of ₹15,000-16,000cr; Saudi Vision 2030 water projects.
Management confidenceHigh; citing landmark acquisition and record profitability.

Growth

Standalone revenue grew 11% YoY to ₹3,508cr; EBITDA surged 49% to ₹493cr. Consolidated revenue reached ₹3,592.50cr.

Outlook

FY27 revenue guidance of ₹5,000-5,500cr. NPC expected to contribute ₹1,500-2,000cr. Targeted 30-35% consolidated growth over 3-4 years.

Risks

Forex mark-to-market losses on capex payables (₹25cr) and geopolitical tensions affecting shipments through the Strait of Hormuz.

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
₹1,020.35
Market cap
₹7,654 Cr
Revenue (annual)
₹3,564 Cr
Net profit (annual)
₹170.5 Cr
P/E (TTM)
37.5×Sector 19.0×
Promoter holding
43.21%+0.00% QoQ
FII holding
2.87%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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New Order Win

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

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Value
₹600.0 Cr
From
Domestic and International Customers
Execution
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Order book
₹4,100 Cr
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