Man Industries (India) Limited — PPTs, 01-09-2026: Investor Presentation

Man Industries (India) Ltd. is scaling up with strategic acquisitions and expansions.

**Business Performance:** For FY26, consolidated revenue was ₹3,564 Cr, up 1.7% YoY, with PAT at ₹171 Cr, up 11.3%. Q1 FY27 saw ₹1,065 Cr in total income and ₹61.4 Cr PAT, including partial contribution from a recent acquisition.

**Growth Drivers & Strategy:** A key focus is global diversification. The company acquired National Pipe Company (NPC) in Saudi Arabia for ~₹1,000 Cr (USD 102 Mn) in Q1 FY27, adding 430,000 MT pipe capacity and immediate market access as an Aramco-approved vendor. They are also building a new 22,000 MTPA stainless steel plant in Jammu (targeting higher-margin products, production by March 2027) and a Dammam Coating Plant in KSA. Non-core asset monetization from Merino Shelters is expected to generate ₹700-800 Cr revenue over 5-6 years.

**Key Financial Metrics:** FY26 consolidated EBITDA stood at ₹468 Cr (+31.3% YoY), with an EBITDA margin of 13.0%. NPC reported ~₹1,899 Cr revenue and ~₹344 Cr PAT for CY2025, with a ~₹1,200 Cr orderbook at acquisition.

**Management Outlook:** The company aims for 20-25% revenue CAGR and a 15% EBITDA margin over the next five years, driven by capacity relocation, market diversification, and a shift towards higher-margin products like stainless steel pipes.