Man Industries (India) Ltd stands as a global leader in the Line Pipe Industry, specializing in the production of large diameter Carbon Steel SAW pipes. The company is a leading manufacturer of large-diameter carbon steel line pipes, catering to high-pressure transmission applications in oil & gas, water supply, and structural industries. Man Industries is one of the largest manufacturers and exporters of LSAW and HSAW pipes in India with a total installed capacity of 1 million tonnes, establishing itself as a leading manufacturer of large diameter pipes with 3 decades of presence in the Pipe Industry.
The Man Group was promoted by the Mansukhani family in the 1970s with a grand vision, emerging as a diversified group with its flagship company Man Industries (India) Ltd incorporated in 1988. The main business line includes manufacturing & coating of Large Diameter Carbon steel pipes, Infrastructure, Realty & Trading.
Man Industries operates state-of-the-art manufacturing facilities that showcase the company's commitment to quality and innovation. The company manufactures Longitudinal Submerged Arc Welded (LSAW) Line Pipes of various sizes and in conformance with various specifications to meet the growing Global demand. The company, keeping up with the pace of industrial movement, is committed to make some major investments for expansion of its HSAW Line Pipe manufacturing facilities.
Man Industries (India) Ltd is the manufacturer and exporter of large diameter carbon steel submerged arc welded pipes in India, offering products which include longitudinal submerged arc welded (LSAW) pipes, spiral or helical submerged arc welded pipes, casting pipes with end connectors at both ends and all types of anti-corrosion coatings. To protect the line pipes from corrosion and to enhance its operational life, Man Industries offers various options of coating systems to the choice of the customer as per the end use of the pipe.
The company has also expanded its product portfolio to include modern welding technologies. Man Industries manufactures HFW (ERW) High Frequency welded pipes of various sizes in conformance with various specifications to meet the growing global demand of pipeline. The company has acquired a new API Certification for its ERW Plant and Coating facilities, with API Product licences and system certifications successfully renewed, allowing production of a full range of welded carbon steel pipe from 6" to 130" diameter with internal/external coating and hot induction bends to the highest quality standard.
The MAN GROUP, guided by the visionary Mansukhani family since the 1970s, has evolved into a diversified organisation with primary focus at MAN Industries to provide comprehensive solutions for the Line Pipe Industry, with a specialisation in crafting large diameter Carbon Steel SAW pipes. The company is a billion dollar group company in business for the last 4 decades with operations in India & Marketing offices in UAE and USA, being one of the largest manufacturers of Large Diameter Line Pipes in India with a supply track record of more than 12,000 KM of Line Pipes.
The company caters to its international clients in the oil and gas industry, petrochemicals, water, dredging, fertilizers and part of infrastructure projects. Man Industries (India) Ltd. caters to International clients in the oil & gas industry, petrochemicals, water, dredging & fertilizers, positioning itself to bid for almost all pipe projects across the globe.
Man Industries has demonstrated strong financial performance with significant growth in recent quarters. Net profit of Man Industries (India) rose 182.43% to Rs 68.15 crore in the quarter ended March 2025 as against Rs 24.13 crore during the previous quarter ended March 2024. Sales rose 50.30% to Rs 1218.49 crore in the quarter ended March 2025 as against Rs 810.68 crore during the previous quarter ended March 2024.
For the full year performance, net profit rose 45.68% to Rs 153.17 crore in the year ended March 2025 as against Rs 105.14 crore during the previous year ended March 2024. Sales rose 11.56% to Rs 3505.35 crore in the year ended March 2025 as against Rs 3142.18 crore during the previous year ended March 2024.
• Market Capitalization: Rs 2,378 crore (as of June 2025)
• Q4 FY25 Revenue: ₹1,218.49 crore
• Q4 FY25 Net Profit: ₹68.15 crore
• FY25 Full Year Revenue: Rs 3,505.35 crore
• FY25 Full Year Net Profit: Rs 153.17 crore
• 52-Week High: Rs 513.00
• 52-Week Low: Rs 201.45
• P/E Ratio: 14.12
• P/B Ratio: 1.35
• Book Value per Share: Rs 197.42
• Promoter Holding: 48.21% (as of May 2025)
The company continues to focus on expansion and capacity enhancement. Man Industries announced a proposal that includes the issuance of 12,19,512 convertible warrants to Man Finance at Rs 328 each, aggregating approximately Rs 39.99 crore, along with 79,26,822 equity shares to non-promoters at the same price, totaling around Rs 259.99 crore, with funds intended to support ongoing capital expenditure for expansion projects in Jammu and Saudi Arabia, enhance working capital, and strengthen the balance sheet.
The company achieved a remarkable Q4FY25 with net profit soaring 182% to ₹68.1 crore and revenue increasing 50.3% to ₹1,218.5 crore, attributing this success to operational discipline and strategic initiatives, including expansion into the Electric Resistance Welded pipe segment, with an optimistic outlook for FY26 targeting 20% revenue growth backed by a strong order book and ongoing projects.
Man Industries (India) Ltd, an ISO 9001/14001/18001 accredited company, has been expanding, integrating and growing to fulfill the ambition of achieving Global excellence. The facilities of Man Industries India Limited has been accredited with ISO-9001, ISO-14001 & OHSAS 18001 certification, with the company's Products Licensed to use the API 5L & 2B Monogram.
Man Industries (India) Ltd represents a compelling investment opportunity in the infrastructure and energy sectors, combining decades of industry experience with modern manufacturing capabilities and a strong global presence. The company's consistent financial performance, strategic expansion plans, and commitment to quality standards position it well for continued growth in the evolving global energy landscape.
