Ashish Kacholia metal inventory with 20% income development steerage for FY26 to regulate

Synopsis:
Man Industries Ltd. has introduced plans for income development, new orders, and capex in FY26, demonstrating confidence in future development pushed by exports and growth initiatives.

A largest Producer and Exporter of LSAW and HSAW pipes is within the highlight at this time following the announcement of its income and capex steerage for FY26 of their Q1 outcomes. The article under gives an in depth overview of the corporate’s efficiency and future outlook.

With a market capitalization of Rs. 2,902.12 crore, the shares of Man Industries (India) Restricted closed at Rs. 386.90 on Friday, up by 1.22 % from its earlier closing worth of Rs. 382.25 per fairness share.

What’s the Information?

Man Industries Ltd.’s administration has offered a optimistic outlook, together with income development, order inflows, and deliberate capex. The corporate is assured in sustaining sturdy enterprise momentum by means of strategic investments and a strong pipeline of alternatives.

Income Steerage

Man Industries Ltd.’s Administration expects income to develop by 20 % in FY26, supported by working revenue development, with 80 % of the income coming from export orders.

Order Steerage

As of June 2025, MAN Industries had an order e-book of round Rs. 3,200 crore. Throughout Q1FY26, it secured new orders price Rs. 1,400 crore and expects to obtain an extra Rs. 2,500 crore of latest inflows by means of the remainder of the 12 months, taking the whole order influx steerage for FY26 to about Rs. 3,900 crore. The corporate additionally expects to shut FY26 with a powerful opening order e-book of Rs. 2,500–3,000 crore for FY27.

CAPEX Steerage

MAN Industries is launching two main initiatives with a mixed capital expenditure of round INR 1,200 crore, each of that are anticipated to be operational by FY26. The primary is a 300,000-tonne-per-year facility in Dammam, Saudi Arabia, which can price INR 630 crore and goals to cut back import duties whereas additionally serving core demand facilities, with an estimated incremental turnover of round INR 3,000 crore.

Earlier than the plant begins operations, discussions with the Saudi authorities are going down about potential orders. The second challenge is a stainless-steel seamless plant in Jammu, with building underway and manufacturing anticipated to start in FY26.

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Concerning the Firm

Man Industries Ltd. is a number one Indian producer and exporter of large-diameter LSAW and HSAW pipes, with over 30 years of trade expertise and a complete put in capability of roughly 1.18 million tonnes per 12 months.

The corporate operates two superior manufacturing services, with six manufacturing traces, which might be strategically situated to serve export markets. It has provided over 20,000 kilometers of pipes globally, and it’s an authorised vendor for main home and worldwide oil and gasoline corporations, and operates in over 30 nations.

Monetary Outlook

For Q1 FY26, the corporate’s income decreased by 39.08 % quarter-over-quarter, rising from Rs. 1,218 crore to Rs. 742 crore. Nonetheless, on a year-over-year foundation, income declined by 0.93 %, down from Rs. 749 crore in Q1 FY25.Equally, web revenue decreased by 58.82 % from Rs. 68 crore in Q4FY25 to Rs. 28 crore in Q1 FY26, nonetheless elevated 12 months over 12 months by 47.37 % from Rs. 19 crore in Q1 FY25.

For the time being, the corporate’s P/E stands at 16x decrease than the trade common of twenty-two.8x. ROE and ROCE of 10.2 % and 16.2 % respectively, signifies firm’s monetary efficiency. Its Debt to Fairness ratio stands at 0.30.

Written by: Akshay Sanghavi

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