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Day Open
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Day High
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NSE Close — 25 Sep 2026
₹1,020.35
Change
+57.5 (5.97%)
Open
₹968.0
Prev. Close
₹962.85
Day High
₹1,039.7
Day Low
₹955.2
Volume Analysis
Traded
1,762,428
Delivered
336,711
Delivery %
19.1%
End-of-day NSE price via the official Bhavcopy — updated once daily after market close, not a live tick.
Strengths, Weaknesses, Opportunities & Threats
Strengths (1)
- •Trading within 3% of its 52-week high (₹1040.0)
Weaknesses (2)
- •Low return on equity (9.23%)
- •Promoter holding is falling
Opportunities (3)
- •Strong 3-year EPS growth (26.8%)
- •Strong 3-year revenue growth (16.9%)
- •FII holding has been rising
Threats (0)
No signal for this stock
Rule-based signals from the fundamentals below — not investment advice.
Pivot Levels
| Type | R3 | R2 | R1 | Pivot | S1 | S2 | S3 |
|---|---|---|---|---|---|---|---|
| Classic | ₹1,139.46 | ₹1,089.58 | ₹1,054.96 | ₹1,005.08 | ₹970.46 | ₹920.58 | ₹885.96 |
| Fibonacci | ₹1,089.58 | ₹1,057.3 | ₹1,037.36 | ₹1,005.08 | ₹972.8 | ₹952.86 | ₹920.58 |
| Camarilla | ₹1,043.59 | ₹1,035.84 | ₹1,028.1 | ₹1,005.08 | ₹1,012.6 | ₹1,004.86 | ₹997.11 |
Support/resistance levels for today, calculated from the previous trading day's high/low/close.
Absolute Returns
YTD
+160.49%
1 Week
+18.68%
1 Month
+32.82%
3 Months
+75.42%
6 Months
+193.92%
1 Year
+146.76%
2Y/3Y/5Y not shown yet — price history tracking only goes back to mid-2025 so far.
Stock Vitals
Computed from the latest available annual financials.
Graham Number
₹377.06
Current price is above the Graham Number — Benjamin Graham's estimate of fair value based on earnings and book value.
DuPont ROE Breakdown
9.0%
Net margin 5.26% × asset turnover 0.71x × equity multiplier 2.41x
Company Overview
Sector
Capital Goods
Market Cap
₹7,662 Cr
P/E (TTM)
37.5
ROE
9.23%
Book Value
₹278.0
Face Value
₹5.0
Source: Screener.in (Consolidated figures) — data as of 25 Sep 2026. Not investment advice.
TopFund Analysis
Man Industries (i) Ltd. lands in the middle of the pack on TopFund's composite fundamentals check within the Capital Goods sector, at 59/100. The strongest factor is Financial Strength (100/100), while Risk & Volatility (8/100) is the weakest area to weigh before deciding. Notably: Trading within 3% of its 52-week high (₹1040.0); low return on equity (9.23%); promoter holding is falling. Strong 3-year EPS growth (26.8%).
TopFund Score — Fundamentals Quality
59/100 — AverageData confidence: 79/100 (Moderate Confidence) — based on how complete and how fresh the underlying data is.
As of 27 Sep 2026 · How we calculate this →
Financial Strength
Growth
Valuation
Cash Flow
Corporate Governance
Momentum
Institutional Ownership
Business Quality
Risk & Volatility
Liquidity
From Screener.in
- −Though the company is reporting repeated profits, it is not paying out dividend
- −Company has a low return on equity of 9.17% over last 3 years.
- −Debtor days have increased from 79.3 to 103 days.
- −Company's cost of borrowing seems high
Not investment advice — an automated read of public fundamentals data, for research context only.
Corporate Actions
Trading window closed from October 1, 2026 until 48 hours after Q2 results approval.
Man Industries won domestic and international pipe orders worth about Rs.600 crore, executable in 6-9 months.
Source: BSE regulatory filings, via Screener.in.
Quarterly Results
Last several quarters
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 490 | 1,018 | 833 | 811 | 749 | 806 | 732 | 1,218 | 742 | 834 | 830 | 1,157 | 1,053 |
| Expenses + | 444 | 948 | 768 | 752 | 711 | 742 | 653 | 1,097 | 693 | 713 | 703 | 1,018 | 910 |
| Operating Profit | 47 | 70 | 65 | 58 | 38 | 64 | 79 | 121 | 49 | 121 | 128 | 140 | 143 |
| OPM % | 10.0% | 7.0% | 8.0% | 7.0% | 5.0% | 8.0% | 11.0% | 10.0% | 7.0% | 15.0% | 15.0% | 12.0% | 14.0% |
| Other Income + | 4 | 21 | 14 | 14 | 20 | 11 | 6 | 15 | 31 | -19 | 8 | 8 | 12 |
| Interest | 21 | 22 | 20 | 25 | 18 | 21 | 26 | 35 | 30 | 30 | 38 | 52 | 40 |
| Depreciation | 15 | 15 | 16 | 15 | 13 | 11 | 11 | 11 | 13 | 22 | 21 | 23 | 30 |
| Profit before tax | 14 | 54 | 43 | 32 | 28 | 43 | 47 | 91 | 38 | 49 | 76 | 73 | 85 |
| Tax % | 22.0% | 28.0% | 29.0% | 26.0% | 31.0% | 26.0% | 27.0% | 25.0% | 28.0% | 25.0% | 28.0% | 30.0% | 28.0% |
| Net Profit + | 11 | 39 | 31 | 24 | 19 | 32 | 34 | 68 | 28 | 37 | 55 | 51 | 61 |
| EPS in Rs | 2 | 7 | 5 | 4 | 3 | 5 | 5 | 11 | 4 | 5 | 7 | 7 | 8 |
| Raw PDF | — | — | — | — | — | — | — | — | — | — | — | — | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Profit & Loss (Yearly)
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,364 | 1,392 | 1,060 | 1,608 | 2,222 | 1,759 | 2,080 | 2,139 | 2,231 | 3,142 | 3,505 | 3,564 | 3,875 |
| Expenses + | 1,250 | 1,272 | 1,012 | 1,483 | 2,044 | 1,591 | 1,875 | 1,958 | 2,094 | 2,901 | 3,204 | 3,125 | 3,343 |
| Operating Profit | 114 | 120 | 48 | 125 | 178 | 168 | 205 | 181 | 137 | 241 | 301 | 439 | 532 |
| OPM % | 8.0% | 9.0% | 4.6% | 8.0% | 8.0% | 10.0% | 10.0% | 8.0% | 6.0% | 8.0% | 9.0% | 12.0% | 14.0% |
| Other Income + | 35 | 67 | 72 | 53 | 21 | 14 | 31 | 37 | 39 | 52 | 52 | 29 | 9 |
| Interest | 46 | 56 | 36 | 43 | 64 | 64 | 53 | 37 | 41 | 88 | 100 | 152 | 161 |
| Depreciation | 43 | 37 | 40 | 39 | 46 | 52 | 46 | 45 | 46 | 61 | 45 | 79 | 96 |
| Profit before tax | 60 | 93 | 44 | 95 | 88 | 65 | 137 | 135 | 89 | 144 | 208 | 237 | 284 |
| Tax % | 17.0% | 7.0% | 24.0% | 33.0% | 33.0% | 15.0% | 26.0% | 25.0% | 25.0% | 27.0% | 26.0% | 28.0% | — |
| Net Profit + | 50 | 86 | 34 | 64 | 59 | 56 | 101 | 102 | 67 | 105 | 153 | 170 | 204 |
| EPS in Rs | 9 | 15 | 6 | 11 | 10 | 10 | 18 | 17 | 11 | 16 | 24 | 23 | 27 |
| Dividend Payout % | 17.0% | 10.0% | 26.0% | 13.0% | 15.0% | 10.0% | 11.0% | 0.0% | 0.0% | 12.0% | 0.0% | 0.0% | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Reserves | 454 | 538 | 570 | 624 | 673 | 718 | 806 | 913 | 1,102 | 1,372 | 1,575 | 2,049 |
| Borrowings + | 495 | 353 | 447 | 368 | 244 | 294 | 296 | 57 | 301 | 326 | 476 | 628 |
| Other Liabilities + | 522 | 323 | 311 | 678 | 648 | 787 | 655 | 821 | 427 | 684 | 1,696 | 2,306 |
| Total Liabilities | 1,499 | 1,243 | 1,356 | 1,698 | 1,594 | 1,827 | 1,786 | 1,820 | 1,860 | 2,415 | 3,779 | 5,021 |
| Fixed Assets + | 416 | 349 | 346 | 355 | 396 | 368 | 337 | 318 | 553 | 605 | 643 | 864 |
| CWIP | 3 | 19 | 5 | 63 | 3 | 4 | 1 | 20 | 14 | 31 | 133 | 326 |
| Investments | 3 | 104 | 104 | 103 | 102 | 102 | 103 | 102 | 0 | 228 | 26 | 71 |
| Other Assets + | 1,077 | 771 | 902 | 1,176 | 1,093 | 1,353 | 1,345 | 1,379 | 1,293 | 1,552 | 2,977 | 3,760 |
| Total Assets | 1,499 | 1,243 | 1,356 | 1,698 | 1,594 | 1,827 | 1,786 | 1,820 | 1,860 | 2,415 | 3,779 | 5,021 |
| Equity Capital | 29 | 29 | 29 | 29 | 29 | 29 | 29 | 30 | 30 | 32 | 32 | 38 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 64 | 205 | -75 | 132 | 137 | 214 | -60 | 451 | -120 | 345 | 68 | 515 |
| Cash from Investing Activity + | -61 | 2 | 21 | -105 | 0 | -46 | 4 | -119 | -135 | -279 | -41 | -594 |
| Cash from Financing Activity + | -35 | -188 | 41 | -115 | -138 | -37 | -63 | -267 | 211 | 86 | 30 | 136 |
| Net Cash Flow | -31 | 19 | -13 | -88 | -1 | 131 | -119 | 65 | -45 | 152 | 56 | 57 |
| CFO/OP | 68 | 186 | -123 | 123 | 92 | 144 | -11 | 275 | -68 | 157 | 40 | 119 |
| Free Cash Flow | 69 | 158 | -98 | 22 | 111 | 204 | -72 | 405 | -328 | 228 | -86 | 175 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Shareholding Pattern
Quarter-by-quarter — Promoters, FII, DII & public holding trend
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Public | 48.72% | 47.6% | 48.9% | 48.72% | 48.05% | 49.05% | 49.43% | 48.73% | 52.77% | 52.18% | 53.03% | 52.48% |
| Promoters | 49.61% | 49.61% | 46.15% | 46.12% | 46.15% | 46.15% | 46.2% | 48.21% | 43.21% | 43.21% | 43.21% | 43.21% |
| FII | 1.61% | 2.14% | 1.64% | 1.84% | 2.52% | 2.16% | 3.33% | 2.19% | 2.32% | 3.35% | 2.41% | 2.87% |
| DII | 0.04% | 0.64% | 3.31% | 3.31% | 3.27% | 2.64% | 1.03% | 0.88% | 1.68% | 1.26% | 1.34% | 1.43% |
Source: Screener.in — quarterly shareholding disclosures.
Peers Comparison
Capital Goods — ranked by market cap
| Company | Market Cap (Cr) | P/E | P/B | ROE |
|---|---|---|---|---|
| Man Industries (i) Ltd. (this stock) | 7,662 | 37.5 | 3.67 | 9.23% |
| Epl Limited | 7,659 | 18.6 | 2.68 | 15.7% |
| Cyient Dlm Limited | 7,649 | 93.2 | 7.53 | 7.49% |
| SKF India Ltd | 7,612 | 32.8 | 5.72 | 14.8% |
| Mishra Dhatu Nigam Ltd | 7,588 | 56.2 | 4.95 | 8.92% |
| Raghav Productivity Enh L | 7,804 | 124.0 | 31.89 | 24.3% |
| Sunflag Iron And Steel Co | 7,401 | 34.8 | 0.84 | 2.37% |
Which Mutual Funds Hold Man Industries (i) Ltd.?
Frequently Asked Questions about Man Industries (i) Ltd.
Man Industries (i) Ltd. (MANINDS) closed at ₹1,020.35 on NSE on 25 September 2026, up 57.5 (5.97%) from the previous close.
Man Industries (i) Ltd. trades on the NSE (National Stock Exchange of India) under the symbol MANINDS.
Man Industries (i) Ltd. has a trailing twelve-month P/E (price-to-earnings) ratio of 37.5.
Man Industries (i) Ltd. has a dividend yield of 0.0%.
Man Industries (i) Ltd.'s 52-week high is ₹1,040.0 and its 52-week low is ₹302.0.
Man Industries (i) Ltd. has a market capitalisation of ₹7,662 crore.
Man Industries (i) Ltd. has a TopFund Quality Score of 59/100 (Average), a composite of profitability, balance-sheet health, growth and valuation. This is an analytical score based on public data, not personalized investment advice — see the full breakdown below before deciding.
Community Sentiment
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