Man Industries NSE : An experienced investor has made a second major bet. He was allotted 13.62 lakh shares in Man Industries NSE: MANINDS. These shares have been allotted to the veteran investor for Rs 367 per share and its value is Rs 50 crore.
Man Industries has said this in its exchange filing. The company has allotted these shares to him on a preferential basis. Shares of Man Industries closed at Rs 433.50 on TuesdaY
The investor Now Holds 1.96% Stake In The Company
Man Industries has allotted shares to the investor and 15 other investors on a preferential basis. Most of these investors are from mutual fund schemes.
Man Industries has raised Rs 250 crore through preferential issues. The board of Man Industries had approved the issue of 68.11 lakh shares for Rs 367 per share.
After the issuance of the shares, that investor holds a 1.96 percent share within Man Industries. He did not previously own any stake in Man Industries.
Shares Are Allotted To These Fund Houses
Apart from that investor, other investors to whom shares have been allotted include 360 One Opportunities Fund, Bandhan Mutual Fund, ITI Mutual Fund, and Emkay Emerging Stars Fund.
The total revenue of Man Industries for the quarter ending December 2023 was Rs 830.28 crore, which is 35% more than the same period last year. At present, Man Industries has an order book of Rs 1300 crore, which is to be completed in the next 6 months.
The 52-week high of shares of Man Industries is Rs 459. The 52-week low for shares held by this company stock is 82.10.
About Man Industries (India) Ltd
Man Industries (India) Limited is an Indian-based business that is involved in the production processing, trading, and distribution of submerged arc-welded pipe and other steel items.
The company offers a line of longitudinal submerged arc-welded pipes that are used in gas, oil fertilizers, petrochemicals, and dredging.
They also offer Helically submerged arc welded line pipes that are used in the transportation of oil and gas as well as water supply, wastewater, agriculture, and construction, and also for high-pressure applications.
It also offers a variety of options for coating systems that are comprised of external coating systems and internal coating systems or internal coating systems. The capacity of the LSAW total is about 500,000 tons per year.
Fundamental Analysis of Man Industries (India) Ltd
| Market Cap | ₹ 2,714 Cr. |
| Current Price | ₹ 433.50 |
| 52-wk High | ₹ 459 |
| 52-wk Low | ₹ 83.10 |
| Stock P/E | 24.31 |
| Book Value | ₹ 195 |
| Dividend | 0.44 % |
| ROCE | 10.4 % |
| ROE | 6.10 % |
| Face Value | ₹ 5.00 |
| P/B Value | 2.32 |
| OPM | 7.56 % |
| EPS | ₹ 17.8 |
| Debt | ₹ 209 Cr. |
| Debt to Equity | 0.18 |
Man Industries (India) Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹435 | ₹450 |
| 2025 | ₹455 | ₹478 |
| 2026 | ₹500 | ₹523 |
| 2027 | ₹580 | ₹600 |
| 2028 | ₹620 | ₹675 |
| 2029 | ₹700 | ₹728 |
| 2030 | ₹735 | ₹743 |
Man Industries (India) Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 45.68% |
| Mar 2023 | 45.68% |
| June 2023 | 45.68% |
| Sept 2023 | 49.61% |
| Dec 2023 | 49.61% |
| FII Holding | |
| Dec 2022 | 1.65% |
| Mar 2023 | 1.60% |
| June 2023 | 2.22% |
| Sept 2023 | 1.61% |
| Dec 2023 | 2.14% |
| DII Holding | |
| Dec 2022 | 0.19% |
| Mar 2023 | 0.23% |
| June 2023 | 0.04% |
| Sept 2023 | 0.04% |
| Dec 2023 | 0.64% |
| Public Holding | |
| Dec 2022 | 52.47% |
| Mar 2023 | 52.48% |
| June 2023 | 52.05% |
| Sept 2023 | 48.72% |
| Dec 2023 | 47.60 |
Man Industries (India) Ltd Share: Last 5 Years’ Financial Condition
To better understand how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 2,222 Cr |
| 2020 | ₹ 1,759 Cr |
| 2021 | ₹ 2,080 Cr |
| 2022 | ₹ 2,139 Cr |
| 2023 | ₹ 2,939 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 59 Cr |
| 2020 | ₹ 56 Cr |
| 2021 | ₹ 101 Cr |
| 2022 | ₹ 102 Cr |
| 2023 | ₹ 107 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.29 |
| 2020 | 0.32 |
| 2021 | 0.33 |
| 2022 | 0.05 |
| 2023 | 0.29 |
Last 10 Years’ Profit Growth:
| 10 Years: | -4% |
| 5 Years: | -2% |
| 3 Years: | 1% |
| Current Year: | 56% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 9% |
| 5 Years: | 9% |
| 3 Years: | 10% |
| Last Year: | 6% |
Sales Growth Over 10 Years:
| 10 Years: | 4% |
| 5 Years: | 7% |
| 3 Years: | 8% |
| Current Year: | 31% |
Conclusion
This article is a complete guide about Man Industries (India) Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses.
Also, We have discussed the share’s prospects and growth potential in detail.
This information will help you in your further investment.
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