Man Industries (India) Ltd

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NSEBSE

271.35-4.65 (-1.68%)

12:00 AM,8th Dec 2023

271.15-6.95 (-2.50%)

12:00 AM,8th Dec 2023

BSE : 513269

NSE : MANINDS

Sector : Metals & Mining

ISIN Code : INE993A01026

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Last Updated: Dec 08 2023 | 12:00 AM IST

Market Cap (₹ Cr)

1630

Turnover (₹ Cr)

1.67

Volume (Shares)

614320

Face Value

5

52-WK High

288.40

52-WK High Date

07 Dec 2023

52-WK Low

71.45

52-WK Low Date

26 Dec 2022

All Time High

288.40

All Time High Date

07 Dec 2023

All Time Low

2.20

All Time Low Date

22 Feb 1999

Man Industries (India) Ltd

The flagship Company of MAN Group (UK) MAN Industries (India) Limited (erstwhile MAN Aluminium Limited) an ISO - 9001 Company was incorporated on 19th May 1988 with a project to manufacture Aluminium Extrusions. Now the company is a leading manufacturer and exporter of large diameter Carbon Steel Line Pipes for various high pressure transmission applications for Gas Crude Oil Petrochemical Products and Potable Water. The company has state-of-the-art manufacturing facilities for Longitudinal Submerged Arc Welded (LSAW) & Helically Submerged Arc Welded (HSAW) Line Pipes and also for various types of Anti-Corrosion Coating Systems. The Company also owns modern facilities for manufacturing of Aluminum Extrusion Products. Man Industries manufacture LSAW Line Pipes HSAW Line Pipes Single Layer FBE 3 Layer PE & 3 Layer PP Coating (under coating division) and Aluminium Extrusions. MANIIL's operations are spread across globally with offices in U.K. and U.A.E. besides India. The Company received the Certificate of Commencement of Business on 28th July of the year 1989. Man Industries had entered into Memorandum of Understanding (MoU) with Haeusler in the year 1992 for the supply of the SAW pipe plant technical know-how and training for its personnel. With the establishment of SAW Pipe Division in the year 1994 the Group has come a long way by consistently scaling new heights and building up impressive track record of exponential growth and in the year 1995 the company was awarded an ISO 9002 certification. After two years in 1997 Man Industries (MANIIL) had decided to take over British company Man Intertrade (UK) Limited. During the year 2000 the MANIIL made a strategic tie-up with Mitsubishi and Sumitomo for executing major projects in oil and gas sector. The Company bagged large orders from Export (Middle East / USA) in the year of 2004 worth of Rs 3400 million and from domestic of Rs 1620 million. During the same year of 2004 the Company along with its group company had entered into a joint venture agreement with Aluchem Inc. of US to bid for new project in the Kutch region of Gujarat for manufacturing of alumina and alumina-based value-added products with an estimated cost of Rs 20000 million. A major milestone in the path of progress of the company was happened in the year 2005 commissioned its Anjar Line Pipe and Coating Complex in the State of Gujarat on the West-Coast of India. During the year 2006 the company had received the necessary approval to demerge the Aluminium Extrusion into separate entity under the name of Man Aluminium Limited. Man Industries India received an export orders aggregating to Rs 2200 million including the order received in June of the year 2007 from fortune 500 Oil and gas major Petronas Malaysia. In September of the same year 2007 the company had commissioned the new production line for H-SAW Pipes with capacity of 200000 MT per annum. The mill had started producing pipes for executing USD 225 million single order from prestigious US client. MANIIL had secured new orders amounting Rs 11 billion in its LSAW and HSAW segments during September of the year 2008. The Company plans to locate a new manufacturing facility on a 162 acre site at the Little Rock Port in USA will invest USD 100 million in the facility. The production would commence by mid 2009. The facility will have capability of producing 300000 tonnes of HSAW pipes annually.The Company's 3rd HSAW production line commissioned at Anjar in Gujarat was streamlined which resultant raised its manufacturing capacity to one million tons divided equally between HSAW and LSAW in 2008-09. It installed and commissioned world class H Saw plant and commenced the production in the said mill during 2009.Two new subsidiaries Man Offshore and Drilling Limited and Man Stainless Steel Tubes Limited were incorporated in September 2021.

Man Industries (India) Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

1630

EPS - TTM (₹) [S]

19.73

P/E Ratio (X) [S]

1.56

Face Value (₹) 5
Latest Dividend (%)40.00
Latest Dividend Date 14 Aug 2023
Dividend Yield (%) 0.74
Book Value Share (₹) [S]174.19
P/B Ratio (₹) [S]1.56
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
DSP Equity Opportunities Fund (G) 3.29 560718 0.40
DSP Equity Opportunities Fund - Direct (G) 3.29 560718 0.40

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

265.85

284.35

Week Low/High

242.00

288.00

Month Low/High

235.25

288.00

Year Low/High

71.45

288.00

All time Low/High

1.63

288.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week8.71%8.65%3.473.46%
1 Month5.67%5.65%7.467.85%
3 Month55.32%55.50%4.845.80%
6 Month94.31%94.24%11.1012.53%
1 Year232.54%232.94%11.5912.68%
3 Year225.36%225.36%53.1056.57%

Company Info

Company Information

Executive Chairman : R C Mansukhani

Independent Director : Pramod Kumar Tandon

Managing Director : Nikhil Mansukhani

Director : Heena Vinay Kalantri

Independent Director : Renu Purshottam Jalan

Independent Director : Narendra Mairpady

Company Sec. & Compli. Officer : Rahul Rawat

Registered Office: Man House 101 S V Road, Opp Pawan Hans Vile Parle (W),Mumbai,Maharashtra-400056 Ph: 91-22-66477500

Email:enquiry@maninds.org

URL:http://www.mangroup.com