Man Industries (India) LimitedMANINDSCorporate

Steel - Medium / Small Latest results: Jun 2026 15 quarters of data

₹865.35

MCap ₹6,491 Cr · P/E 26.6

Man Industries (India) Limited — Stock analysis & AI research Man Industries (India) Limited — Multibagger AI analysis Man Industries (India) Limited — Seasonality — best & worst months Man Industries (India) Limited — Technical indicators & charts Man Industries (India) Limited — Technical setup — score, trend, support & resistance Man Industries (India) Limited — Live exchange announcements

📋 High Profit Growth Stocks 📋 Stocks With Strong Quarterly Results 📈 Strong Trend Stocks (ADX > 25)📈 Relative Strength Leaders 📈 Volume Dry-Up Stocks 📈 Multi-Timeframe Bullish Stocks 📈 Accumulation (OBV Rising) 🏭 Metal sector

AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.

₹1,010 Cr

Sales · Jun 2026

+41.6% YoY

₹139 Cr

Operating Profit · Jun 2026

+204.3% YoY

13.7%

OPM % · Jun 2026

+114.1% YoY

₹78 Cr

Net Profit · Jun 2026

+167.6% YoY

₹10.39

EPS · Jun 2026

+138.3% YoY

📝 Man Industries (India) Limited — results explained

Quarter ended June 2026 (Q1 FY27)

Man Industries (India) Limited reported revenue of ₹1,010 crore for the quarter ended June 2026 (Q1 FY27), up 41.6% from ₹713 crore in the same quarter last year, and down 12.7% sequentially over the March 2026 quarter.

Net profit rose 167.6% year-on-year to ₹78 crore, from ₹29 crore. Earnings per share (EPS) came in at ₹10.39.

Operating profit stood at ₹139 crore — an operating margin (OPM) of 13.7%, compared with 6.4% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Man Industries (India) Limited posted revenue of ₹3,455 crore, a growth of 10.8% over FY25, with a net profit of ₹196 crore (up 42.8% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹3,752 crore with a net profit of ₹244 crore.

Valuation snapshot

At the current price of ₹865.35, MANINDS has a market capitalisation of ₹6,491 crore and a trailing P/E of about 26.6.

Within the Steel - Medium / Small industry, it is the 6th-largest of the 56 companies we track by market value.

Shareholding pattern

As of Jun 2026, promoters held 43.21%, foreign institutional investors (FIIs) 2.87%, domestic institutional investors (DIIs) 1.43%, public shareholders 52.49% of Man Industries (India) Limited.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close

Valuation

Market Cap ?

₹6,491 Cr

Current Price ?

₹865.4

P/E ?

26.55above ind

Industry P/E ?

20.50

P/B ?

3.38

P/S ?

1.73

P/FCF ?

28.47

Enterprise Value ?

₹7,026 Cr

EV/EBITDA ?

13.22

PEG ?

0.54

Earnings Yield ?

6.4%

Dividend Yield ?

0.00%

Profitability & Returns

Sales (TTM) ?

₹3,752 Cr

OPM ?

14.2%

Profit after tax (TTM) ?

₹244 Cr

EPS (TTM) ?

₹32.59

ROCE ?

20.0%

ROE ?

12.7%

ROA ?

5.4%

Growth

Sales — latest qtr ?

₹1,010 Cr

PAT — latest qtr ?

₹78 Cr

YoY qtr sales growth ?

41.6%

YoY qtr profit growth ?

167.6%

Sales growth (3y) ?

18%

Sales growth (5y) ?

11%

Profit growth (3y) ?

49%

Profit growth (5y) ?

14%

Financial Health

Debt ?

₹535 Cr

Debt to Equity ?

0.28

Interest Coverage ?

2.4

Current Ratio ?

N/A

Ownership

Promoter holding ?

43.21%

Change in promoter holding ?

-5.00%

Pledged percentage ?

N/A

Market

Return 3 months ?

63.4%

Return 6 months ?

61.1%

🗓️ Quarterly results (15 quarters · ₹ Cr)

same fiscal quarter as Jun bestweakest per row · for costs (interest, NPAs) low is best Highlight

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	YoY %	QoQ %
Sales	613	555	464	1,008	830	778	732	805	731	850	713	782	804	1,157	1,010	+41.6%	-12.7%
Operating Profit	58	42	47	72	65	46	36	69	72	64	46	112	127	154	139	+204.3%	-9.8%
Other Income	14	12	4	23	21	18	25	9	15	37	35	-13	13	18	18	-47.2%	+2.6%
Interest	12	11	21	22	20	24	18	21	26	35	30	30	38	55	32	+8.2%	-41.7%
Depreciation	11	11	15	15	15	15	12	10	11	10	12	21	20	22	21	+73.4%	-5.2%
Profit Before Tax	48	31	15	58	50	25	32	46	50	57	39	48	82	95	104	+167.9%	+9.9%
Net Profit	36	27	12	43	37	17	24	35	38	40	29	36	61	70	78	+167.6%	+11.4%
EPS	6.06	4.48	1.98	7.23	6.18	2.86	3.73	5.42	5.72	6.32	4.36	4.62	8.45	9.36	10.39	+138.3%	+11.0%
OPM %	9.4%	7.5%	10.1%	7.1%	7.8%	6.0%	4.9%	8.6%	9.9%	7.6%	6.4%	14.3%	15.8%	13.3%	13.7%	+114.1%	+3.0%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric	FY25	FY26	TTM	YoY %
Sales	₹3,118 Cr	₹3,455 Cr	₹3,752 Cr	+10.8%
Operating Profit	₹241 Cr	₹438 Cr	₹532 Cr	+81.6%
OPM %	7.74%	12.68%	14.17%	+63.8%
NPM %	4.39%	5.66%	6.52%	+28.9%
Other Income	₹86 Cr	₹54 Cr	₹37 Cr	-37.4%
Depreciation	₹43 Cr	₹76 Cr	₹85 Cr	+76.2%
Interest	₹100 Cr	₹153 Cr	₹155 Cr	+53.2%
EBIT	₹198 Cr	₹362 Cr	₹447 Cr	+82.7%
PBT	₹185 Cr	₹263 Cr	₹329 Cr	+42.1%
Tax	₹40 Cr	₹43 Cr	₹59 Cr	+5.9%
Net Profit	₹137 Cr	₹196 Cr	₹244 Cr	+42.8%
EPS	₹21.19	₹26.79	₹32.82	+26.4%
Material Cost	₹1,923 Cr	₹1,755 Cr	₹1,632 Cr	-8.7%
Employee Cost	₹54 Cr	₹56 Cr	₹60 Cr	+5.0%
Extraordinary Items	—	—	—	—

🏛️ Balance Sheet (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Equity Capital	30	32	32	38	+18.8%
Reserves	973	1,246	1,386	1,885	+36.0%
Borrowings	303	323	371	535	+44.2%
Other Liabilities	421	681	1,682	2,088	+24.1%
Total Liabilities	1,727	2,282	3,472	4,545	+30.9%
Fixed Assets	483	504	499	683	+36.9%
CWIP	3	31	94	26	-72.3%
Investments	136	368	216	309	+43.1%
Other Assets	1,105	1,379	2,664	3,527	+32.4%
Total Assets	1,727	2,282	3,472	4,545	+30.9%

💧 Cash Flow (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Cash from Operating Activity	-112	309	95	293	+208.4%
Cash from Investing Activity	-126	-260	-24	-540	-2150.0%
Cash from Financing Activity	187	83	-73	183	+350.7%
Net Cash Flow	-51	132	-2	-65	-3150.0%
Free Cash Flow	-311	215	1	228	+22700.0%
CFO/OP	-63%	149%	57%	78%	+36.8%

➗ Ratios (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Debtor Days	85	41	104	101	-2.9%
Inventory Days	24	55	141	206	+46.1%
Days Payable	75	78	181	251	+38.7%
Cash Conversion Cycle	33	17	64	56	-12.5%
Working Capital Days	36	17	40	27	-32.5%
ROCE %	10%	16%	17%	20%	+17.6%

👥 Shareholding (latest 5 periods)

Metric	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	% Chg
Promoters	48.21%	43.21%	43.21%	43.21%	43.21%	+0.0%
FIIs	2.19%	2.32%	3.35%	2.41%	2.87%	+19.1%
DIIs	0.88%	1.68%	1.26%	1.34%	1.43%	+6.7%
Public	48.73%	52.77%	52.18%	53.03%	52.49%	-1.0%
No. of Shareholders	59,257	54,425	51,822	50,913	49,144	-3.5%

⚖️ Peer comparison

Industry: Steel - Medium / Small · top 25 of 56 companies · full page →

#	Company	CMP	MCap (Cr)	P/E	Sales TTM	NP TTM	OPM%	NPM%	Sales YoY%	NP YoY%	Qtr Rev Δ%	Qtr NP Δ%
1	NSLNISP NMDC Steel	₹42.65	12,499	135.8	13,939	84	10.8%	0.6%	60.4%	102.5%	8.8%	94.3%
2	MAHSEAMLES Maharashtra Seamless	₹713.65	9,563	13.0	4,620	737	15.0%	16.0%	-12.0%	-9.8%	-4.7%	15.7%
3	SUNFLAG Sunflag Iron	₹443.60	7,995	38.8	3,995	206	11.9%	5.1%	11.4%	25.0%	5.5%	4.8%
4	AEROFLEX Aeroflex Industries	₹565.00	7,477	109.5	503	67	23.4%	13.4%	17.3%	5.6%	73.1%	168.5%
5	TIIL Technocraft Industries	₹3,180.20	7,210	21.2	2,931	349	18.2%	11.9%	6.3%	11.6%	27.2%	67.3%
6	MANINDS Man Industries	₹865.65	6,493	31.5	3,875	204	13.7%	5.3%	1.7%	11.4%	41.9%	122.4%
7	GOODLUCK Goodluck India	₹526.15	5,247	8.7	4,404	210	10.0%	4.8%	4.2%	10.1%	30.9%	67.4%
8	BANSALWIRE Bansal Wire	₹308.10	4,823	9.0	4,388	531	8.5%	12.1%	18.6%	276.0%	24.4%	-47.9%
9	DEEDEV DEE Development	₹634.65	4,775	54.6	1,213	81	16.9%	6.6%	38.1%	78.8%	31.6%	22.4%
10	KSL Kalyani Steels	₹957.20	4,189	15.8	1,867	264	19.7%	14.2%	-6.9%	0.6%	4.9%	10.6%
11	VENUSPIPES Venus Pipes	₹1,962.30	4,065	39.1	1,211	104	16.3%	8.6%	21.7%	9.2%	16.1%	5.6%
12	VSSL Vardhman Special	₹398.45	3,852	26.9	1,807	144	10.6%	8.0%	-0.5%	31.9%	12.0%	105.9%
13	JTLIND JTL INDUSTRIES	₹87.38	3,435	28.8	2,314	122	8.2%	5.3%	11.5%	4.4%	32.7%	113.7%
14	RATNAVEER Ratnaveer Precision	₹343.70	2,885	42.6	1,119	67	18.2%	6.0%	19.8%	36.2%	18.9%	20.0%
15	INTERARCH Interarch Building	₹1,700.60	2,860	20.7	1,639	139	11.5%	8.5%	7.3%	28.6%	20.6%	0.9%
16	PENIND Pennar Industries	₹187.68	2,533	17.8	3,645	142	12.4%	3.9%	12.2%	15.7%	2.9%	10.7%
17	RAJRATAN Rajratan Global	₹457.40	2,322	29.1	1,228	80	12.3%	6.5%	23.8%	21.2%	28.9%	64.0%
18	PRAKASH Prakash Industries	₹117.24	2,100	6.7	3,474	313	15.0%	9.0%	-13.3%	-6.2%	-0.5%	-21.7%
19	MSPL MSP Steel	₹33.33	1,889	49.7	2,958	38	6.2%	1.3%	-2.1%	217.0%	16.2%	22.1%
20	MAHASTEEL Mahamaya Steel	₹1,115.00	1,832	183.1	943	10	2.6%	1.1%	10.1%	26.3%	29.3%	22.6%
21	HITECH Hi-Tech Pipes	₹75.00	1,520	20.3	4,821	75	3.8%	1.6%	36.9%	4.2%	78.5%	-4.2%
22	MANAKCOAT Manaksia Coated	₹130.80	1,395	32.3	897	41	9.4%	4.5%	13.2%	164.5%	4.9%	0.7%
23	STEELXIND STEEL EXCHANGE	₹10.36	1,321	40.3	1,029	31	13.0%	3.1%	-7.4%	2.6%	-10.1%	46.9%
24	MWL Mangalam Worldwide	₹42.77	1,270	22.9	1,292	55	9.5%	4.2%	13.9%	72.1%	13.7%	25.6%
25	KAMDHENU Kamdhenu	₹42.92	1,210	14.1	781	86	12.9%	11.0%	2.1%	30.0%	8.7%	38.1%

❓ Frequently asked questions

What was Man Industries (India) Limited's revenue in Q1 FY27?

What was Man Industries (India) Limited's net profit in Q1 FY27?