Man Industries Limited Stock Performance Analysis | Market Updates

Stocks
1

Shares of Man Industries surge on securing a new order worth Rs 555 crore

This impressive achievement signifies the trust customers place in their technological expertise and execution capabilities.

About Order

Man Industries Limited, a leading manufacturer of large-diameter pipes, has announced the receipt of new orders valued at approximately Rs 555 crore. This significant development further strengthens the company’s order book. This news reflects Man Industries’ strong position in the market and reinforces the confidence that customers have in the company’s technological expertise and execution capabilities. The substantial order book provides visibility into future revenue streams and underscores the company’s commitment to delivering high-quality pipe solutions to its clients.

This impressive achievement signifies the trust customers place in their technological expertise and execution capabilities. The diverse order, encompassing various types of pipes, is to be fulfilled within the next six months, providing clear visibility into their future revenue streams and underlining our unwavering commitment to delivering high-quality pipe solutions.

Man Industries is well-positioned to capitalize on the robust business environment and continues to demonstrate its commitment to growth and innovation. This latest development is expected to have a positive impact on the company’s financial performance and shareholder value.

Share Price Movements

The share of the company increased by 2.4% or 9.30 points to Rs 390 as compared to the previous day’s closing of Rs 380.70. The share opened at Rs 398 and touched intraday high and low of Rs 399.70 and Rs 385.05, respectively. The share of the 52-week high and 52-week low of Rs 459 and Rs 83.21, respectively.

About Company

Man Industries, a manufacturing company based in India, specializes in producing LSAW Line Pipes, Hsaw Line Pipes, and Aluminium Extruded Products. Established in 1988, it is part of the Man Group, UK, and has received numerous certifications for its quality management. Its clients include the Gas Authority of India, Indian Oil Corporation, Bharat Petroleum Corporation, Hindustan Petroleum Corporation, ONGC, Engineers India, Reliance Industries, Essar Constructions, Larsen & Toubro, Bharat Heavy Electricals, and Adani Ports. Man Industries offers customized products for various sectors, including Oil, Gas, Petrochemicals, Fertilizers, and Dredging. It also manufactures HSAW Line Pipes with a total installed capacity of 375,000 MT per year.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

3

Man Industries Bags Export Order Worth Rs 505 Crore; Order Book Stands at Rs 2,100 Crore

Man Industries (India) Ltd. has secured a significant export order worth Rs 505 crore, boosting its order book to a robust Rs 2,100 crore.

The key Indian benchmark indices have trimmed their gains and are trading with marginal improvements. The BSE Sensex has risen by 0.05%, while the Nifty has gained 0.21%. The broader market indices have shown mixed performances, with the Nifty Midcap 100 up by 0.33%, and the Small-cap 100 down by 0.26%.

Man Industries Stock

Amidst the tepid performance of the small-cap index, Man Industries (India) Ltd. has been buzzing on the bourses. The share price has risen by nearly 2% to Rs 381.50. On Tuesday, the stock opened at Rs 371.40, made an intraday low of Rs 360, and recovered to hit an intraday high of Rs 387.80 per share. The total traded volume on NSE has surpassed the 3.50 lakh mark, which is highest in the last three months and it is above 10 and 30-days average volume.

Order Details

Man Industries has received an order worth Rs 505 crore from an international customer to supply various types of pipes within the next 6-8 months. This significant order has propelled the company’s total unexecuted order book to approximately Rs 2,100 crore. The substantial order volume underscores the robust business environment and customer trust in the company’s technological and execution capabilities.

Technical Analysis

On the daily chart, the stock has formed a double bottom pattern with the double bottom placed at Rs 357-360. The neckline of this pattern is at Rs 394. A breakout above this level could signify a bullish trend.

Stock Performance

Over the last 12 months, the stock has surged by 197%. On a year-to-date basis, the stock is up by nearly 34%. This impressive performance highlights the company’s strong market position and growth potential.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

4

Man Industries Secures Rs. 1850 Crore Order

On Monday, Man Industries announced that they had secured an order for an offshore LNG project worth Rs. 1850 crore from an international oil and gas player.

MAN Industries (India) Ltd. was established in 1988 with a primary focus on manufacturing large carbon steel pipes. Over the past three decades, the company has maintained a leading position in the market. MAN Industries (India) Ltd. is a prominent global manufacturer of line pipes, specializing in high-diameter carbon steel SAW pipes. The company offers a diverse range of products, including LSAW pipes, HSAW pipes, casing pipes with end connectors, ERW pipes, hot induction bends, stainless steel seamless tubes and pipes, and a variety of anti-corrosion coatings. With expertise in meeting international project standards, MAN Industries has supplied over 13,000 kilometers of pipes worldwide for various applications.

Rs. 1850 crore, the largest order in the company’s history:

MAN Industries (India) Ltd. secured a valuation of 185 crore, the highest they have ever achieved. This deal involves supplying API 5-grade line pipes for an offshore LNG project. With this new order, the company’s order book value has increased to Rs. 400 crore, marking a strong start to the year, with exports contributing Rs. 365 crore.

Rs. 150 crore line pipe projects:

MAN Industries (India) Ltd. is mainly focused this year on bidding $1.5 billion, equivalent to Rs. 150 crores, for line pipe projects for both domestic and international projects.

No. 1 into the hydrogen transportation pipes:

Man Industry, apart from the PIPS projects, is now venturing into specialized hydrogen transportation pipelines to enter the renewable energy market. They are qualified experts in hydrogen transportation pipes, positioning them to dominate this emerging market.

Conclusion: The stock of Man Industries Limited surged over 4% today and made a day high of Rs.503.60 following the Rs.1850 crore order. The stock of Man Industries Ltd. currently trades flat at Rs.486.75 per share after pairing its morning session gains.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

5

Man Industries: Achieves Robust Financial Performance & Expanding Horizons with New Plant in Saudi Arabia

The new plant, which involves an investment of approximately Rs 600 crores, will be equipped with state-of-the-art facilities for line pipe manufacturing and coating.

Man Industries (India) Ltd., a leading manufacturer of large diameter pipes, has reported impressive financial results for Q1FY25. The company recorded a 52.7% YoY increase in revenue, reaching Rs 748.7 crore, with a 14.7% rise in EBITDA. Their unexecuted order book stands strong at Rs 4,000 crore, to be fulfilled in the next 6 to 12 months. Additionally, the company is advancing its global footprint by establishing a new Rs 600 crore plant in Dammam, Saudi Arabia, to meet the region’s demand for line pipes and coatings.

About Company

Man Industries India, a leading player in the manufacturing of large diameter carbon steel pipes and coating systems, is making headlines with its ambitious expansion plans. The company, known for its strong presence in both domestic and international markets, has announced the establishment of a new plant in Dammam, Saudi Arabia. This strategic move is set to enhance the company’s production capacity and cater to the growing demand in the Middle East region.

A Strategic Expansion to Cater to Growing Demand

The new plant, which involves an investment of approximately Rs 600 crores, will be equipped with state-of-the-art facilities for line pipe manufacturing and coating. This development comes at a time when Saudi Arabia is witnessing a surge in infrastructure projects, particularly in the oil and gas sector, which is driving the demand for high-quality pipes and related products.

The plant will add a significant 0.4 to 0.5 million tonnes to Man Industries’ production capacity, which currently stands at 1.10 million tonnes. With this expansion, the company is well-positioned to capitalize on the opportunities presented by the robust growth in the Middle East market.

Financing and Future Prospects

Man Industries plans to finance this project through a mix of debt and internal accruals. The decision to invest in Saudi Arabia aligns with the company’s long-term strategy of strengthening its international footprint and diversifying its revenue streams. This expansion is expected to not only boost the company’s production capabilities but also enhance its market share in the global pipe manufacturing industry.

Moreover, the new facility is anticipated to be operational within the next 12 months, further underscoring the company’s commitment to timely execution and operational excellence. As the global demand for steel pipes continues to rise, driven by infrastructure development and energy projects, Man Industries is set to play a pivotal role in meeting this demand.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.