Ashish Kacholia’s multibagger pipes manufacturing stock locked in upper circuit after announcing stellar results and a strong order book of Rs 2,500 crore
The stock gave multibagger returns of 302 per cent in just 3 years and a whopping 830 per cent in 5 years.
On Monday, one of the Top Gainers on BSE & NSE, shares of Man Industries (India) Ltd, were locked in a 20 per cent upper circuit to Rs 314.10 per share from its previous closing of Rs 261.75 per share. The stock’s 52-week high is Rs 513 per share and its 52-week low is Rs 201.45 per share. The shares of the company saw a spurt in volume by more than 5 times on the BSE.
Established in 1970 as part of the MAN Group and steered by Dr. R. C. Mansukhani, MAN Industries (India) Ltd (MANINDS) has evolved from an aluminium extruder to a leading global manufacturer and exporter of large diameter carbon steel line pipes (LSAW, HSAW and ERW) serving critical sectors like oil & gas, petrochemicals and water. With three advanced manufacturing facilities in India boasting a combined capacity exceeding 1.18 MTPA, the ISO-certified company is further expanding its portfolio by venturing into stainless-steel seamless pipes and establishing a new line pipe and coating facility in Dammam, Saudi Arabia, with an investment of approximately Rs 600 crore to meet the region's increasing demands.
Man Industries Ltd has a market cap of over Rs 2,000 crore and the current unexecuted order book as of today stands at Rs 2,500 crore, which will be executed within the next 6 to 8 months with a total bid book of Rs 15,000 crore, indicating strong demand visibility and revenue growth potential.
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MAN Industries (India) Ltd (MANINDS) reported its highest-ever quarterly performance in Q4FY25, with total income reaching Rs 1,218.5 crore, marking an approximately 50 per cent year-over-year increase, alongside an 88 per cent surge in EBITDA to Rs 136.7 crore and a remarkable 182 per cent jump in PAT to Rs 68.1 crore; this strong final quarter contributed to a record full-year performance in FY25, with total income climbing to Rs 3,557 crore (up approximately 11 per cent YoY), EBITDA reaching Rs 353.2 crore (up approximately 20 per cent YoY) and PAT growing to Rs 153.2 crore (up approximately 46 per cent YoY), underscoring a period of significant growth and profitability for the company.
Key business developments for MAN Industries include the on-track progress of their Saudi Arabia and Jammu plant expansions, both slated for commercial operation by Q3FY26, which will significantly boost manufacturing capacity and global reach. Furthermore, the company successfully monetized a substantial non-core asset in FY25, realizing an upfront amount of Rs 70 crore and retaining approximately 450,000 sq. ft. of RERA carpet area with an estimated monetizing value of Rs 650-Rs 700 crore over the next 5-6 years, resulting in a total monetization value of around Rs 720-Rs 770 crore. Additionally, MAN Industries strategically entered the ERW API segment with a strong export focus, contributing approximately 10 per cent to the total revenue in FY25, demonstrating a commitment to product diversification and tapping into global demand, with the company targeting approximately 20 per cent year-over-year revenue growth for FY26 driven by these expansions, project execution and order inflows.
An ace investor, Ashish Kacholia own a 2.10 per cent stake in the company as of March 2025. The stock gave multibagger returns of 302 per cent in just 3 years and a whopping 830 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.