Man Industries (India) Limited
Man Industries (India) Limited (MANINDS) financial statements and selected valuation metrics from NSE/BSE exchange filings through 30 June 2026.
Industrials›Capital Goods›Industrial Products›Iron & Steel Products
mangroup.com(opens the company website in a new tab)Key metrics
Price as of 2026-09-03
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Share price
NSE closing price from historical market data.
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Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · NSE preferred when both exchanges report the same period · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,018 Cr | 833 Cr | 811 Cr | 749 Cr | 806 Cr | 732 Cr | 1,218 Cr | 742 Cr | 834 Cr | 830 Cr | 1,157 Cr | 1,053 Cr |
| Operating expenses (approx.) | 948 Cr | 768 Cr | 752 Cr | 711 Cr | 743 Cr | 653 Cr | 1,097 Cr | 693 Cr | 713 Cr | 703 Cr | 1,018 Cr | 910 Cr |
| EBITDA | 70 Cr | 65 Cr | 58 Cr | 38 Cr | 64 Cr | 79 Cr | 121 Cr | 49 Cr | 121 Cr | 128 Cr | 140 Cr | 143 Cr |
| OPM % | 6.8% | 7.8% | 7.2% | 5.0% | 7.9% | 10.8% | 9.9% | 6.6% | 14.5% | 15.4% | 12.1% | 13.6% |
| Other income | 21 Cr | 14 Cr | 14 Cr | 20 Cr | 11 Cr | 6 Cr | 15 Cr | 31 Cr | -19 Cr | 8 Cr | 8 Cr | 12 Cr |
| Interest | 22 Cr | 20 Cr | 25 Cr | 18 Cr | 21 Cr | 26 Cr | 35 Cr | 30 Cr | 30 Cr | 38 Cr | 52 Cr | 40 Cr |
| Depreciation | 15 Cr | 16 Cr | 15 Cr | 13 Cr | 11 Cr | 11 Cr | 11 Cr | 13 Cr | 22 Cr | 21 Cr | 23 Cr | 30 Cr |
| Profit before tax | 54 Cr | 43 Cr | 32 Cr | 28 Cr | 43 Cr | 47 Cr | 91 Cr | 38 Cr | 49 Cr | 76 Cr | 73 Cr | 85 Cr |
| Tax % | 27.8% | 29.2% | 25.6% | 30.7% | 25.6% | 27.2% | 25.3% | 27.8% | 25.2% | 27.9% | 30.3% | 28.1% |
| Net profit | 39 Cr | 31 Cr | 24 Cr | 19 Cr | 32 Cr | 34 Cr | 68 Cr | 28 Cr | 37 Cr | 55 Cr | 51 Cr | 61 Cr |
| EPS (₹) | ₹6.68 | ₹5.09 | ₹4.00 | ₹2.94 | ₹4.92 | ₹5.36 | ₹9.15 | ₹4.13 | ₹4.83 | ₹7.64 | ₹7.00 | ₹8.19 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2019BSE balance sheet (this exchange's own filing had none for this period) | Mar 2020BSE balance sheet (this exchange's own filing had none for this period) | Mar 2021BSE balance sheet (this exchange's own filing had none for this period) | Mar 2022BSE balance sheet (this exchange's own filing had none for this period) | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,222 Cr | 1,759 Cr | 2,080 Cr | 2,139 Cr | 2,231 Cr | 3,142 Cr | 3,505 Cr | 3,564 Cr | Sign in for TTM |
| Operating expenses (approx.) | 2,043 Cr | 1,591 Cr | 1,875 Cr | 1,958 Cr | 2,094 Cr | 2,901 Cr | 3,204 Cr | 3,125 Cr | Sign in for TTM |
| EBITDA | 179 Cr | 168 Cr | 205 Cr | 181 Cr | 137 Cr | 241 Cr | 301 Cr | 439 Cr | Sign in for TTM |
| OPM % | 8.1% | 9.5% | 9.9% | 8.4% | 6.1% | 7.7% | 8.6% | 12.3% | Sign in for TTM |
| Other income | 21 Cr | 17 Cr | 31 Cr | 37 Cr | 40 Cr | 52 Cr | 52 Cr | 29 Cr | Sign in for TTM |
| Interest | 65 Cr | 64 Cr | 53 Cr | 37 Cr | 41 Cr | 88 Cr | 100 Cr | 152 Cr | Sign in for TTM |
| Depreciation | 46 Cr | 52 Cr | 46 Cr | 45 Cr | 45 Cr | 61 Cr | 45 Cr | 79 Cr | Sign in for TTM |
| Profit before tax | 88 Cr | 65 Cr | 137 Cr | 135 Cr | 90 Cr | 144 Cr | 208 Cr | 237 Cr | Sign in for TTM |
| Tax % | 33.5% | 15.0% | 26.2% | 24.7% | 24.8% | 27.1% | 26.5% | 28.0% | Sign in for TTM |
| Net profit | 59 Cr | 56 Cr | 101 Cr | 102 Cr | 68 Cr | 105 Cr | 153 Cr | 170 Cr | Sign in for TTM |
| EPS (₹) | ₹10.30 | ₹9.72 | ₹17.66 | ₹17.78 | ₹11.33 | ₹17.42 | ₹23.66 | ₹23.65 | Sign in for TTM |
| Dividend payout % | — | — | — | 0.0% | 17.4% | 11.4% | 0.0% | 0.0% | Sign in for TTM |
Trailing twelve months totals and margin rows
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2019BSE balance sheet (this exchange's own filing had none for this period) | Mar 2020BSE balance sheet (this exchange's own filing had none for this period) | Mar 2021BSE balance sheet (this exchange's own filing had none for this period) | Mar 2022BSE balance sheet (this exchange's own filing had none for this period) | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 29 Cr | 29 Cr | 29 Cr | 30 Cr | 30 Cr | 32 Cr | 32 Cr | 38 Cr |
| Reserves | 673 Cr | 718 Cr | 806 Cr | 913 Cr | 974 Cr | 1,373 Cr | 1,575 Cr | 2,049 Cr |
| Borrowings | 200 Cr | 240 Cr | 279 Cr | 49 Cr | 294 Cr | 308 Cr | 456 Cr | 500 Cr |
| Other liabilities | 692 Cr | 841 Cr | 672 Cr | 828 Cr | 430 Cr | 702 Cr | 1,716 Cr | 2,434 Cr |
| Total liabilities | 1,594 Cr | 1,827 Cr | 1,786 Cr | 1,820 Cr | 1,728 Cr | 2,415 Cr | 3,779 Cr | 5,021 Cr |
| Fixed assets (net) | 396 Cr | 368 Cr | 337 Cr | 318 Cr | 489 Cr | 540 Cr | 572 Cr | 655 Cr |
| CWIP | 3 Cr | 4 Cr | 1 Cr | 20 Cr | 14 Cr | 31 Cr | 133 Cr | 326 Cr |
| Investments | 102 Cr | 102 Cr | 103 Cr | 102 Cr | 103 Cr | 229 Cr | 27 Cr | 72 Cr |
| Loans & advances | 50 Cr | 11 Cr | 10 Cr | 1 Cr | 72 Cr | 2 Cr | 0.18 Cr | 16 Cr |
| Inventories | 217 Cr | 380 Cr | 332 Cr | 318 Cr | 121 Cr | 646 Cr | 1,269 Cr | 1,535 Cr |
| Trade receivables | 555 Cr | 450 Cr | 656 Cr | 544 Cr | 494 Cr | 355 Cr | 896 Cr | 1,010 Cr |
| Cash & bank | 5 Cr | 136 Cr | 17 Cr | 82 Cr | 37 Cr | 189 Cr | 245 Cr | 189 Cr |
| Other assets | 266 Cr | 376 Cr | 331 Cr | 433 Cr | 398 Cr | 424 Cr | 636 Cr | 1,218 Cr |
| Total assets | 1,594 Cr | 1,827 Cr | 1,786 Cr | 1,820 Cr | 1,728 Cr | 2,415 Cr | 3,779 Cr | 5,021 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2019BSE balance sheet (this exchange's own filing had none for this period) | Mar 2020BSE balance sheet (this exchange's own filing had none for this period) | Mar 2021BSE balance sheet (this exchange's own filing had none for this period) | Mar 2022BSE balance sheet (this exchange's own filing had none for this period) | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | — | — | — | 451 Cr | -119 Cr | 257 Cr | 67 Cr | 472 Cr |
| Cash from investing | — | — | — | -119 Cr | -135 Cr | -264 Cr | -45 Cr | -594 Cr |
| Cash from financing | — | — | — | -267 Cr | 209 Cr | 158 Cr | 34 Cr | 136 Cr |
| Net cash flow | — | — | — | 65 Cr | -45 Cr | 152 Cr | 56 Cr | 14 Cr |
| Free cash flow (OCF − Capex) | — | — | — | 405 Cr | -326 Cr | 137 Cr | -87 Cr | 132 Cr |
Ratios
Ratios as reported or derived per annual period.
| Metric | Mar 2019BSE balance sheet (this exchange's own filing had none for this period) | Mar 2020BSE balance sheet (this exchange's own filing had none for this period) | Mar 2021BSE balance sheet (this exchange's own filing had none for this period) | Mar 2022BSE balance sheet (this exchange's own filing had none for this period) | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| ROCE % | 21.9% | 17.4% | 22.7% | 18.3% | 10.1% | 13.5% | 14.9% | 15.0% |
| ROE % | 0.0% | 0.0% | 0.0% | 0.0% | 6.8% | 0.0% | 9.5% | 8.2% |
| Debtor days | 91 | 93 | 115 | 93 | 81 | 41 | 93 | 103 |
| Inventory days | 52 | 119 | 94 | 75 | 30 | 95 | 198 | 252 |
| Days payable | 135 | 176 | 147 | 179 | 85 | 74 | 187 | 242 |
| Cash conversion cycle | 8 | 37 | 62 | -11 | 26 | 62 | 104 | 114 |
| Debt / equity | 0.29 | 0.32 | 0.33 | 0.05 | 0.29 | 0.22 | 0.28 | 0.24 |
| Current ratio | 1.19 | 1.15 | 1.33 | 1.45 | 1.67 | 1.92 | 1.39 | 1.36 |
| Net debt / EBITDA | 0.00 | 0.00 | 0.00 | 0.00 | 1.87 | 0.50 | 0.70 | 0.71 |
Compare with peers
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