IP
IndiaPulse

MANINDS

Small Cap

Man Industries (India) Limited

Industrials

Man Industries (India) Limited operates in Pipes, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.

₹519.1
+13.10 · +2.59%
Quote09 Jun, 10:02 am
Fundamentals09 Jun 2026 · screener
Score08 Jun, 11:00 pm · v4.2-nightly
Tags02 May 2026
Data confidence
Fresh enough for analysis
Investor decision lenses

One read, four checks

75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.

Mixed fundamentals, management trust is acceptable, price trend is neutral, and recent execution is mixed.

Suggested next step
Research, do not rush
The four lenses are not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
WATCHLIST
45

Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.

Trust
Healthy Trust
71

low confidence · 0/0 claims checked

Technical
Neutral
56

Timing lens: price trend and sector relative strength.

Result consistency
stable
67

Rolling lens: recent quarterly delivery, not the latest single-result score.

Latest result

Quarter ended 31 Mar 2026

Bad · 0/100

Rev -5% YoY · PAT -25% YoY · margin expansion · +39% QoQ

Filed 31 Mar 2026
Open results browser →
MetricThis quarterYoYQoQ
Revenue₹1,157 Cr-5.0%+39.4%
EBITDA₹140 Cr+15.7%+9.4%
Operating margin12.0%+200 bps-300 bps
PAT₹51 Cr-25.0%-7.3%
PAT margin4.4%-117 bps-222 bps

NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.

Business and thesis

Issuer presentation review pending

Man Industries (India) Limited operates in Pipes, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 31 Mar 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.

Technical timing lens

Trend score and candlestick chart

56Neutral

SMA20 +35.0% / mo

Stock trend: 59
Sector RS: 51
Sector 3M: +0.4% vs Nifty +0.1%

Technical chart

MANINDSdaily · 3Y+36.6%
Latest close ₹519.10 on 2026-06-09
Bar
+2.8%
RSI
50
MACD hist
-5.11
52W pos
71%
Hover for OHLC, volume, and indicators. Use range buttons above the chart to zoom.
₹287₹371₹454₹538₹62252H52L2025-122026-03Vol2025-112026-012026-022026-042026-06
Up bar
Down bar
Volume
Result date
SMA 50
RSI(14)

Technical trend read

Neutral

Trend is undirectional — long-term trend unclear. RSI 50.

  • SMA20 roughly flat — short-term momentum stalled.
  • RSI(14) at 50 — rising, no extreme reading.
  • MACD below signal but histogram contracting — bearish momentum easing.
  • 14% off 52W high · 72% above 52W low.

Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.

Deep research

Valuation, score drivers, trust methodology, financials, and peers

Use these sections after reviewing the decision summary, latest result, thesis, management accountability, and technical timing above.

45U-SCORE
Financial Turnaround

Fundamental score breakdown

WATCHLIST
Valuation15/30
Growth13/25
Quality2/20
Balance Sheet6/15
Cash Flow4/10
Piotroski
7/9 (+5)
Penalties
0
Raw sum
45

Why this score?

Top U-Score contributors and drags from the latest stored fundamentals.

45/100 · WATCHLIST

Positive drivers

  • Piotroski is strong at 7/9.
  • Fair-value margin of safety is positive at 49.2%.
  • Growth contributes 13/25 to the score.

Main drags

  • Quality is weaker at 2/20; verify the latest quarterly trend.
  • Balance sheet is weaker at 6/15; verify the latest quarterly trend.
  • Cash flow is weaker at 4/10; verify the latest quarterly trend.
Sector valuation model

Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks

For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.

Blended relative
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
22.9
PB
1.9
EV/EBITDA
8.8
ROE
9.2%
ROCE
16.2%
FCF Yield
Debt/Equity
0.4
MoS
+49.2%
Score movement

Stored run vs live recompute

This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.

Stored run: 08 Jun 2026
v4.2-nightly
Final score
45
Previous: 45
Verdict
WATCHLIST
Previous: WATCHLIST
Margin of safety
+49.2%
Previous: +50.5%

Score history

12 stored score snapshots. Latest stored move: +0 points.

08 Jun 2026
v4.2-nightly
48
50
45
45
45
45
45
45
45
45
45
45

Factor attribution

No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Trust Score
71Healthy Trust · low confidenceTrust Lite

Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.

Healthy Trust: Claim history is still being built. It ranks around the 67th percentile of the scored universe and 64th percentile within Industrials. No major sub-score weakness stands out.

Healthy Trust Lite: Promoter pledge is zero. Key concern: Promoter holding fell 5%.

Computed 22 May 2026
trust-lite-v1
0 docs indexed · 0 concall links
Score band
Healthy Trust

Generally investable credibility. Look for weak sub-scores before increasing position size.

Relative rank
67th percentile

overall median 67 · Industrials: 64th pctile, median 68 · Small: 72nd pctile, median 65

Evidence depth
Financial-only

0 documents indexed, but claim history is not strong enough yet.

Claim delivery
Outcome history still building

0 claims extracted · No contradicted claim yet

How to read this Trust Score

Healthy Trust · low confidence
What it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.

Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.

Forensic breakdown

Read low sub-scores as due-diligence warnings, not automatic sell signals.

Promoter
60
acceptable · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
73
acceptable · leverage and solvency
Discipline
76
strong · capital discipline
Results
67
acceptable · quarterly consistency

Trust positives

  • Promoter pledge is zero.
  • FCF yield is positive at 0.6%.
  • 9 years of positive FCF.
  • 6/8 recent quarters had positive YoY PAT growth.

Trust risks

  • Promoter holding fell 5%.

Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.

Intrinsic value

Graham Number
₹377.06
-37.7% MoS
DCF Fair PE
45.0
DCF Fair Value
₹1,022.85
+49.2% MoS
PEG
1.30

Fundamentals

Valuation

P/E
22.90
P/B
1.87
EV/EBITDA
8.75
Market Cap
3905.00Cr

Profitability

ROE
9.23%
ROCE
16.20%
ROA
3.39%
Dividend Y

Growth (CAGR)

Revenue 5Y
11.00%
EPS 5Y
11.00%
Revenue 3Y
17.00%
EPS 3Y
43.00%

Balance Sheet

Debt/Equity
0.39
Interest Coverage
2.89×
Altman Z
2.24
Book Value
278.00

Cash Flow

FCF Yield
FCF Positive Y
8/5
OCF
515.00 Cr
EPS TTM
22.73

Shareholding

Promoter Hold
43.21%
Promoter Pledge
0.00%
Momentum 52W
71%

Financial History

Updated 9/6/2026

Revenue

₹ Cr
Latest: 3,564+1.7% vs prev
03564Mar 2016: 1,392Mar 2017: 1,060Mar 2018: 1,608Mar 2019: 2,222Mar 2020: 1,759Mar 2021: 2,139Mar 2022: 2,231Mar 2023: 3,142Mar 2024: 3,505Mar 2025: 3,564FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25

Net Profit

₹ Cr
Latest: 153+45.7% vs prev
0153.0Mar 2016: 86.0Mar 2017: 34.0Mar 2018: 64.0Mar 2019: 59.0Mar 2020: 56.0Mar 2021: 101Mar 2022: 102Mar 2023: 67.0Mar 2024: 105Mar 2025: 153FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25

Return on Equity

%
Latest: 9.5+27.3% vs prev
015.2Mar 2016: 15.2%Mar 2017: 5.7%Mar 2018: 9.8%Mar 2019: 8.4%Mar 2020: 7.5%Mar 2021: 12.1%Mar 2022: 10.8%Mar 2023: 5.9%Mar 2024: 7.5%Mar 2025: 9.5%FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Verify on:NSE India ↗
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.