Company Profile

Man Industries’ (India) New ERW Plant at Anjar, Gujarat, has recently been certified by API to manufacture Electric Resistance Welded (ERW) Pipes, complementing its existing approvals for Helical and Longitudinal Submerged Arc Welded Carbon Steel Pipes.

Further, in the mission of high value products, the Company has also commenced the commercial production of Hot Induction Bends and the Company has also got three prestigious international orders. This certification reaffirms the company's commitment to upholding global industry standards, ensuring product quality, safety, and efficiency. Recognized worldwide, API Standards play a vital role in enhancing the safety and reliability of operations within the oil and gas sector. Further, the company would focus on participating in upcoming API ERW pipeline tenders, which will eventually strengthen the financial health of the company. 

Man Industries (India) is engaged in manufacturing of LSAW Line Pipes, Hsaw Line Pipes and Aluminium Extruded Products.

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Man Industries (India) has informed that the Company’s New ERW Plant at Anjar, Gujarat, has recently been Certified by API to manufacture Electric Resistance Welded (ERW) Pipes, complementing its existing approvals for Helical and Longitudinal Submerged Arc Welded Carbon Steel Pipes. Further, in the mission of high value products, the Company has also commenced the commercial production of Hot Induction Bends and the Company has also got three Prestigious International Orders. This certification reaffirms the company's commitment to upholding global industry standards, ensuring product quality, safety, and efficiency. Recognized worldwide, API Standards play a vital role in enhancing the safety and reliability of operations within the oil and gas sector. Further, the company would focus on participating in upcoming API ERW pipeline tenders, which will eventually strengthen the financial health of the company.

Man Industries (India) has bagged new orders of around Rs 555 crore. The total unexecuted order book as of February 29, 2024 stands at around Rs 2000 crore to be executed in the next 6 months. This order reflects the robust business environment and showcases the trust of the customers they have in the Company’s technological and executional capabilities. 

Man Industries (India) is engaged in manufacturing of LSAW Line Pipes, Hsaw Line Pipes and Aluminium Extruded Products.

Man Industries (India) is currently trading at Rs. 396.00, up by 15.30 points or 4.02% from its previous closing of Rs. 380.70 on the BSE.

The scrip opened at Rs. 398.00 and has touched a high and low of Rs. 399.70 and Rs. 380.00 respectively. So far 19971 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 5 has touched a 52 week high of Rs. 459.00 on 05-Feb-2024 and a 52 week low of Rs. 83.21 on 16-Mar-2023.

Last one week high and low of the scrip stood at Rs. 412.90 and Rs. 376.85 respectively. The current market cap of the company is Rs. 2344.62 crore.

The promoters holding in the company stood at 49.62%, while Institutions and Non-Institutions held 2.79% and 47.60% respectively.

Man Industries (India) has bagged new orders of around Rs 555 crore. The total unexecuted order book as of February 29, 2024 stands at around Rs 2000 crore to be executed in the next 6 months. This order reflects the robust business environment and showcases the trust of the customers they have in the Company’s technological and executional capabilities. 

Man Industries (India) is engaged in manufacturing of LSAW Line Pipes, Hsaw Line Pipes and Aluminium Extruded Products.