Man Industries (India) Limited — PPTs, 26-05-2026: Investor Presentation

Man Industries' subsidiary has acquired 100% of Saudi Arabia's National Pipe Company (NPC) for approximately INR 1,000 crore. This strategic move instantly grants market access to Saudi Arabia's regulated oil & gas supply chain with established Saudi Aramco approval, a relationship NPC has maintained for over two decades. NPC boasts an annual production capacity of 430,000 MT (HSAW+LSAW) and is strategically located in Dhahran.

NPC's strong financial performance in CY2025 included revenue of around INR 1,900 crore, a robust EBITDA margin of 24.8%, and a PAT of approximately INR 344 crore, all while operating as a debt-free entity. The company holds an order book of INR 1,130-1,150 crore.

This acquisition aligns Man Industries with Saudi Vision 2030, positioning it to capitalize on the Kingdom's massive infrastructure supercycle in energy, water, and giga-projects. It significantly scales Man Industries' global capacity to over 1.6 million MTPA and creates a fully integrated pipeline solutions provider in the Middle East, including planned coating facilities. Management anticipates this will structurally improve the consolidated group's EBITDA margin to a sustainable 15-17% band and diversify revenue, with KSA operations projected to contribute 45-50% of revenue by 2030, targeting a combined revenue potential of INR 8,500 crore by FY2030.