Man Industries (India) Limited — PPTs, 14-11-2025: Investor Presentation

Man Industries saw a strong Q2-FY26, with consolidated revenue at INR 834.1 Cr, up 3.5% YoY, and PAT rising 16% YoY to INR 37.0 Cr. Half-year consolidated revenue reached INR 1,576.2 Cr (up 1.4% YoY) and PAT grew 26.9% to INR 64.6 Cr. This performance was driven by a favorable product and geographic mix alongside cost optimization.

The company is aggressively expanding with new H-SAW pipe manufacturing in Saudi Arabia (300,000 MTPA, INR 600 Cr project) and stainless steel seamless pipe production in Jammu (22,000 MTPA, INR 590 Cr). Both projects are on track for Q4-FY26 commissioning, aiming for higher margins from anticipated strong demand in oil & gas and water sectors.

Recent developments include approval as a certified vendor for Qatar Energy LNG and the monetization of Merino Shelters Real Estate. An advanced Spiral Mill and PU Coating Facility were installed in Pithampur, boosting capacity by 50,000 TPA.

The company holds an executable order book of INR 4,750 Cr for the next 6-9 months, backed by a bid pipeline exceeding INR 15,000 Cr, ensuring good revenue visibility. Net cash stood at INR 14 Cr as of Sep 30, 2025.