The share price of Man Industries (India) increased by 20% on March 5, 2025 when it hit Rs 257.80 during BSE intraday trading. The stock maintained its 19% upward momentum reaching Rs 256.20 by 01:19 PM while the BSE Sensex increased by a more modest 1.1% during that time period. Both the BSE Midcap and Smallcap indices experienced strong market recovery which resulted in 2% gain each. Shareholders witnessed a 26% recovery for the smallcap stock when its price reached Rs 257.80 during intraday trading on March 5 but the price still resides 47% below its historical peak of Rs 379.40 during December 2024.
Two major shareholders Ashish Kacholia and Vikas Vijaykumar Khemani maintain combined ownership of 4.63% in the company through their respective stakes of 2.10% and 2.53%, after the December 2024 quarter. The market shows increasing interest in Man Industries through the confidence displayed by investors Ashish Kacholia and Vikas Vijaykumar Khemani who own 2.10% and 2.53% respectively of the company's stock. Man Industries leads as a manufacturer and exporter of large-diameter carbon steel line pipes for high-pressure applications across oil & gas, petrochemicals, water, and other sectors.
The firm delivered a robust Q3FY25 performance by reaching its highest EBITDA margin of 11.4% while its revenue dropped 12% YoY to Rs 731.9 crore from export shipment delays. The company experienced a 11.4% growth in its after-tax profit reaching Rs 34.1 crore as a result of operational efficiency improvements. The available order book of Rs 2,900 crore at Man Industries can be completed within six to twelve months while the company pursues potential contracts worth Rs 15,000 crore. The management still expects revenue of Rs 3,300 crore for FY25.
The company plans to establish new manufacturing facilities in Dammam and Saudi Arabia require a total investment of Rs 600 crore for operations. The projects at these facilities involve stainless-steel, seamless pipes and coating facilities that will support increasing demand while enhancing profitability. Man Industries shows promise as a leading steel products player through its strategic growth along with an extensive order backlog which makes it well-positioned for future success beyond 2025.
