Man Industries (India) Limited

BSE: 513269 NSE: MANINDS
Man Industries (India) Limited - manufacturing in Mumbai, Maharashtra, India. FY 2026 financials and compliance.
CIN L99999MH1988PLC047408 Incorporated 19 May 1988 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - NSE: MANINDS · BSE: 513269 Public Limited Company manufacturing
Data last updated
Revenue · FY 2026
₹3,563.9 Cr
▲ 1.67% YoY
EBITDA · FY 2026
₹467.89 Cr
▲ 32.46% YoY
Net profit · FY 2026
₹170.48 Cr
▲ 11.3% YoY
Authorised capital
₹50 Cr
Registered with MCA
Paid-up capital
₹37.5 Cr
Issued & subscribed
Open charges
₹3,721.92 Cr
Satisfied ₹5,447.99 Cr
Company age
38 yrs
Est. 1988
Employees · EPFO
86
Latest available

About Man Industries (India) Limited

Data last updated: 29 May 2026

Man Industries (India) Limited is a public limited company based in Mumbai, Maharashtra, India. It specialises in pipe and tubes, a part of the broader manufacturing sector. Incorporated on 19 May 1988, the company has been in operation for over 38 years.

Registered with ROC Mumbai under CIN L99999MH1988PLC047408. Listed on BSE: 513269 and NSE: MANINDS.

Capital: an authorised share capital of ₹50 Cr and a paid-up capital of ₹37.5 Cr. Formerly known as Man Aluminium Limited. It is led by directors including Nikhil Rameshchandra Mansukhani and Narendra Mairpady.

Last AGM: 26 September 2025. Financial statements filed for year ended 31 March 2025. Office: Man House 101 S.V. Road Opp. Pawan Hans Vile Parle (West), Mumbai, Maharashtra, India – 400056.

As per the financials filed for FY 2025, the company reported a revenue of ₹3,557.17 Cr, a growth of 11% compared to the previous year.

The company has a workforce of approximately 86 employees as per the latest available data. Its group structure includes 3 subsidiaries.

The company is associated with 1 brand - Man Industries. As per MCA filings, the company has open charges of ₹3,721.92 Cr and satisfied charges of ₹5,447.99 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mangroup.com.

Company Details of Man Industries (India) Limited
CIN L99999MH1988PLC047408
Registration Number 047408
Incorporation Date 19 May 1988
ROC Mumbai
Listing Status Listed (BSE: 513269, NSE: MANINDS)
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Nikhil Rameshchandra Mansukhani Managing Director Rameshchandra Mansukhani Whole-Time Director Narendra Mairpady Director
Contact Details
  • Email
    *****@*****.com
  • Telephone
    +91-****-******
  • Website
    mangroup.com
  • Social Media
  • Registered Address
    Man House 101 S.V. Road Opp. Pawan Hans Vile Parle (West), Mumbai, Maharashtra, India – 400056
  • Industry
    Manufacturing, Pipe & Tubes
Company report
Man Industries (India) Limited - full intelligence report
  • Historical Financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Litigation, compliance and MCA filings
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Financials, compliance, directors, charges, ownership and filings for Man Industries (India) Limited in one report.

10-year financials Directors & ownership Charges & compliance

Associated Brands with Man Industries (India) Limited

Man Industries (India) Limited operates one associated brand: Man Industries. These brands represent Man Industries (India) Limited's diversified market presence and brand portfolio.

Brand Description Website
Man Industries
Manufacturing and supply of steel line pipes mangroup.com

Business Activity of Man Industries (India) Limited

Man Industries (India) Limited is engaged in the principal business activity of manufacturing, with detailed activities including metal and metal products.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
C Manufacturing C7 Metal and metal products *********

Auditor Details of Man Industries (India) Limited

Man Industries (India) Limited is audited by A Sachdev and Co (ICAI peer reviewed, certificate valid till 2027-07-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.

Name Financial year Audit opinion
A Sachdev and Co (ICAI peer reviewed, certificate valid till 2027-07-31) FY 2026 Declaration of unmodified opinion

Board of Directors of Man Industries (India) Limited

Man Industries (India) Limited is currently managed by 8 directors, with 29 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Nikhil Rameshchandra Mansukhani
Also directs: Man Stainless Steel Tubes Limited, Man Offshore And Drilling Limited, Man Resources Llp and 2 more
Managing Director 23 Nov 2011 14 Years 7 Months Current
Narendra Mairpady
Also directs: Kesar Enterprises Limited, Ipca Laboratories Limited, Saatvik Green Energy Limited and 5 more
Director 23 Feb 2021 5 Years 4 Months Current
Rabi Narayan Bastia
Also directs: Man Stainless Steel Tubes Limited, Anirit Agro Hub Llp, Parivartan Energytech Llp and 3 more
Director 05 Feb 2024 2 Years 5 Months Current
Renu Purshottam Jalan
Also directs: Man Stainless Steel Tubes Limited, Merino Shelters Private Limited
Director 08 Mar 2018 8 Years 4 Months Current
Rameshchandra Mansukhani
Also directs: Man Stainless Steel Tubes Limited, Man Offshore And Drilling Limited
Whole-Time Director 26 Sep 2008 17 Years 9 Months Current
Esha Padmanabhan Achan
Also directs: Rossari Biotech Limited, Meganet Technologies Global Limited
Additional Director 13 Nov 2025 0 Years 7 Months Current
Showing 6 of 8 current directors. View all directors

Financials of Man Industries (India) Limited FY 2026 filings available

Man Industries (India) Limited reported revenue of ₹3,563.9 Cr (up 1.67% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.

Revenue · FY 2026
₹3,563.9 Cr ▲ 1.67%
Profit · FY 2026
₹170.48 Cr ▲ 11.3%
EBITDA · FY 2026
₹467.89 Cr ▲ 32.46%
Revenue₹ Cr · Consolidated02,0004,000FY 2020: ₹1,759 Cr1,759FY 2020FY 2021: ₹2,080 Cr · +18.2% YoY2,080+18.2%FY 2021FY 2022: ₹2,139 Cr · +2.8% YoY2,139+2.8%FY 2022FY 2023: ₹2,231 Cr · +4.3% YoY2,231+4.3%FY 2023FY 2024: ₹3,142 Cr · +40.8% YoY3,142+40.8%FY 2024FY 2025: ₹3,505 Cr · +11.6% YoY3,505+11.6%FY 2025FY 2026: ₹3,564 Cr · +1.7% YoY3,564+1.7%FY 2026
Net Profit₹ Cr · Consolidated0100200FY 2020: ₹56 Cr55.5FY 2020FY 2021: ₹101 Cr · +81.7% YoY101+81.7%FY 2021FY 2022: ₹102 Cr · +0.7% YoY102+0.7%FY 2022FY 2023: ₹68 Cr · -33.1% YoY68-33.1%FY 2023FY 2024: ₹105 Cr · +54.6% YoY105+54.6%FY 2024FY 2025: ₹153 Cr · +45.7% YoY153+45.7%FY 2025FY 2026: ₹170 Cr · +11.3% YoY170+11.3%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year05001,0001,500Q1'25: ₹749 Cr · +52.7% YoY749+52.7%Q1'25Q2'25: ₹806 Cr · -20.8% YoY806-20.8%Q2'25Q3'25: ₹732 Cr · -12.1% YoY732-12.1%Q3'25Q4'25: ₹1,218 Cr · +50.3% YoY1,218+50.3%Q4'25Q1'26: ₹742 Cr · -0.9% YoY742-0.9%Q1'26Q2'26: ₹834 Cr · +3.5% YoY834+3.5%Q2'26Q3'26: ₹830 Cr · +13.4% YoY830+13.4%Q3'26Q4'26: ₹1,157 Cr · -5% YoY1,157-5%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹3,563.9 Cr ₹3,505.35 Cr ₹3,142.18 Cr ₹2,231.34 Cr ₹2,138.63 Cr ₹2,080.2 Cr ₹1,759.28 Cr
Other Income ₹28.59 Cr ₹51.82 Cr ₹52.05 Cr ₹39.56 Cr ₹37.08 Cr ₹30.76 Cr ₹16.55 Cr
Total Income ₹3,592.49 Cr ₹3,557.17 Cr ₹3,194.23 Cr ₹2,270.9 Cr ₹2,175.71 Cr ₹2,110.96 Cr ₹1,775.83 Cr
Cost of Materials Consumed ₹2,217.09 Cr ₹2,335.77 Cr ₹2,487.47 Cr ₹1,456.36 Cr ₹1,535.29 Cr ₹1,282.69 Cr ₹1,166.42 Cr
Purchases of Stock-in-Trade ₹292.52 Cr ₹257.54 Cr ₹43.27 Cr ₹233.28 Cr ₹62.84 Cr ₹181.43 Cr ₹100.33 Cr
Changes in Inventories -₹280.99 Cr ₹141.52 Cr -₹127.26 Cr ₹83.33 Cr -₹14.84 Cr -₹59.94 Cr -₹3.61 Cr
Employee Benefit Expense ₹92.05 Cr ₹77.06 Cr ₹68.81 Cr ₹59.94 Cr ₹54.12 Cr ₹54.89 Cr ₹55.92 Cr
Finance Costs ₹152.03 Cr ₹99.63 Cr ₹87.83 Cr ₹41.03 Cr ₹37.3 Cr ₹52.74 Cr ₹64.42 Cr
Depreciation & Amortisation ₹78.92 Cr ₹45.25 Cr ₹61.09 Cr ₹45.35 Cr ₹45.4 Cr ₹46.38 Cr ₹52.31 Cr
Other Expenses ₹803.93 Cr ₹392.05 Cr ₹428.72 Cr ₹261.23 Cr ₹320.63 Cr ₹416.08 Cr ₹272.28 Cr
Total Expenses ₹3,355.55 Cr ₹3,348.82 Cr ₹3,049.93 Cr ₹2,180.52 Cr ₹2,040.74 Cr ₹1,974.27 Cr ₹1,708.07 Cr
Profit Before Exceptional Items & Tax ₹236.94 Cr ₹208.35 Cr ₹144.3 Cr ₹90.38 Cr ₹134.97 Cr ₹136.69 Cr ₹67.76 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 -₹2.5 Cr
Profit Before Tax ₹236.94 Cr ₹208.35 Cr ₹144.3 Cr ₹90.38 Cr ₹134.97 Cr ₹136.69 Cr ₹65.26 Cr
Total Tax Expense ₹66.46 Cr ₹55.18 Cr ₹39.16 Cr ₹22.38 Cr ₹33.39 Cr ₹35.84 Cr ₹9.76 Cr
Net Profit ₹170.48 Cr ₹153.17 Cr ₹105.14 Cr ₹68 Cr ₹101.58 Cr ₹100.85 Cr ₹55.5 Cr
  attributable to Owners ₹170.48 Cr ₹153.17 Cr ₹0 ₹68 Cr ₹0 ₹0 ₹0
  attributable to NCI ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Other Comprehensive Income ₹13.01 Cr ₹5.04 Cr ₹1.27 Cr ₹3.43 Cr -₹4.4 Cr -₹2.62 Cr ₹6.74 Cr
Total Comprehensive Income ₹183.49 Cr ₹158.21 Cr ₹106.41 Cr ₹71.43 Cr ₹97.18 Cr ₹98.23 Cr ₹62.24 Cr
EBITDA (computed) ₹467.89 Cr ₹353.23 Cr ₹293.22 Cr ₹176.76 Cr ₹217.67 Cr ₹235.81 Cr ₹184.49 Cr
Basic EPS ₹23.65 ₹23.66 ₹17.42 ₹11.33 ₹17.78 ₹17.66 ₹9.72
Diluted EPS ₹23.26 ₹22.78 ₹16.73 ₹11.33 ₹17.52 ₹16.78 ₹9.72
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹5,020.61 Cr ₹3,779.15 Cr ₹2,415.16 Cr ₹1,727.88 Cr
Non-current Assets ₹1,487.51 Cr ₹1,028.58 Cr ₹817.66 Cr ₹788.01 Cr
Current Assets ₹3,533.1 Cr ₹2,750.57 Cr ₹1,597.5 Cr ₹939.87 Cr
Property, Plant & Equipment ₹654.57 Cr ₹572.41 Cr ₹539.67 Cr ₹488.98 Cr
Inventories ₹1,535 Cr ₹1,268.54 Cr ₹645.63 Cr ₹120.79 Cr
Trade Receivables ₹1,009.78 Cr ₹895.89 Cr ₹355.1 Cr ₹493.93 Cr
Cash & Equivalents ₹189.2 Cr ₹244.88 Cr ₹188.61 Cr ₹36.89 Cr
Equity (Net Worth) ₹2,086.54 Cr ₹1,607.27 Cr ₹1,404.87 Cr ₹1,004.18 Cr
Equity Share Capital ₹37.5 Cr ₹32.37 Cr ₹32.37 Cr ₹30.05 Cr
Borrowings (Non-current) ₹240.15 Cr ₹138.48 Cr ₹136.28 Cr ₹127.85 Cr
Borrowings (Current) ₹259.48 Cr ₹317.47 Cr ₹172.17 Cr ₹165.74 Cr
Total Debt (computed) ₹499.63 Cr ₹455.95 Cr ₹308.45 Cr ₹293.59 Cr
Current Liabilities ₹2,597.36 Cr ₹1,984.94 Cr ₹829.98 Cr ₹564.45 Cr
Total Liabilities ₹2,934.07 Cr ₹2,171.88 Cr ₹1,010.29 Cr ₹723.7 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹472.23 Cr ₹66.93 Cr ₹257.46 Cr -₹118.75 Cr ₹450.94 Cr
Investing Cash Flow -₹593.93 Cr -₹44.7 Cr -₹263.69 Cr -₹135.49 Cr -₹119.06 Cr
Financing Cash Flow ₹135.99 Cr ₹34.05 Cr ₹157.86 Cr ₹209.18 Cr -₹267.22 Cr
Capital Expenditure ₹340.27 Cr ₹154.32 Cr ₹120.42 Cr ₹207.22 Cr ₹45.68 Cr
Free Cash Flow (computed) ₹131.96 Cr -₹87.39 Cr ₹137.04 Cr -₹325.97 Cr ₹405.26 Cr
Dividends Paid ₹0 ₹0 ₹12.02 Cr ₹11.83 Cr ₹0
Net Change in Cash ₹14.29 Cr ₹56.28 Cr ₹151.63 Cr -₹45.06 Cr ₹64.66 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹1,157.3 Cr ₹830.38 Cr ₹834.09 Cr ₹742.13 Cr ₹1,218.49 Cr ₹731.94 Cr ₹806.23 Cr ₹748.7 Cr ₹810.68 Cr ₹833.02 Cr ₹1,018 Cr ₹490.42 Cr
Other Income ₹8.21 Cr ₹8.34 Cr -₹19.29 Cr ₹31.49 Cr ₹15.46 Cr ₹5.54 Cr ₹10.73 Cr ₹20.09 Cr ₹14.34 Cr ₹14.35 Cr ₹21.18 Cr ₹3.58 Cr
Total Income ₹1,165.51 Cr ₹838.72 Cr ₹814.8 Cr ₹773.62 Cr ₹1,233.95 Cr ₹737.48 Cr ₹816.96 Cr ₹768.79 Cr ₹825.02 Cr ₹847.37 Cr ₹1,039.18 Cr ₹494 Cr
Cost of Materials Consumed ₹663.47 Cr ₹735.96 Cr ₹302.73 Cr ₹514.93 Cr ₹660.75 Cr ₹543.43 Cr ₹548.44 Cr ₹583.15 Cr ₹618.99 Cr ₹682.27 Cr ₹671.63 Cr ₹523.35 Cr
Purchases of Stock-in-Trade ₹63 Lakh ₹0 ₹176.63 Cr ₹115.26 Cr ₹11.91 Cr ₹73.9 Cr ₹78.16 Cr ₹93.57 Cr ₹30.93 Cr ₹0 ₹10.36 Cr ₹1.98 Cr
Changes in Inventories -₹125.44 Cr -₹238.27 Cr ₹122.6 Cr -₹39.88 Cr ₹302 Cr -₹94.9 Cr -₹11.18 Cr -₹54.4 Cr -₹9.94 Cr -₹51 Cr ₹128.66 Cr -₹194.98 Cr
Employee Benefit Expense ₹29.25 Cr ₹22.69 Cr ₹20.39 Cr ₹19.72 Cr ₹20.75 Cr ₹16.37 Cr ₹19.65 Cr ₹20.29 Cr ₹18.08 Cr ₹16.81 Cr ₹18.96 Cr ₹14.96 Cr
Finance Costs ₹52.27 Cr ₹38.19 Cr ₹30.21 Cr ₹29.77 Cr ₹34.94 Cr ₹26.17 Cr ₹20.88 Cr ₹17.65 Cr ₹24.8 Cr ₹20.32 Cr ₹21.88 Cr ₹20.84 Cr
Depreciation & Amortisation ₹22.68 Cr ₹21.49 Cr ₹22.17 Cr ₹12.58 Cr ₹10.53 Cr ₹11.24 Cr ₹10.77 Cr ₹12.71 Cr ₹15.47 Cr ₹15.53 Cr ₹14.85 Cr ₹15.2 Cr
Other Expenses ₹449.68 Cr ₹182.37 Cr ₹90.64 Cr ₹82.99 Cr ₹101.89 Cr ₹114.41 Cr ₹107.43 Cr ₹68.32 Cr ₹94.25 Cr ₹120.22 Cr ₹118.76 Cr ₹98.26 Cr
Total Expenses ₹1,092.54 Cr ₹762.43 Cr ₹765.37 Cr ₹735.37 Cr ₹1,142.77 Cr ₹690.62 Cr ₹774.15 Cr ₹741.29 Cr ₹792.58 Cr ₹804.15 Cr ₹985.1 Cr ₹479.61 Cr
Profit Before Exceptional Items & Tax ₹72.97 Cr ₹76.29 Cr ₹49.43 Cr ₹38.25 Cr ₹91.18 Cr ₹46.86 Cr ₹42.81 Cr ₹27.5 Cr ₹32.44 Cr ₹43.22 Cr ₹54.08 Cr ₹14.39 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹72.97 Cr ₹76.29 Cr ₹49.43 Cr ₹38.25 Cr ₹91.18 Cr ₹46.86 Cr ₹42.81 Cr ₹27.5 Cr ₹32.44 Cr ₹43.22 Cr ₹54.08 Cr ₹14.39 Cr
Total Tax Expense ₹22.12 Cr ₹21.25 Cr ₹12.45 Cr ₹10.64 Cr ₹23.04 Cr ₹12.74 Cr ₹10.95 Cr ₹8.45 Cr ₹8.31 Cr ₹12.62 Cr ₹15.04 Cr ₹3.18 Cr
Net Profit ₹50.85 Cr ₹55.04 Cr ₹36.98 Cr ₹27.61 Cr ₹68.14 Cr ₹34.12 Cr ₹31.86 Cr ₹19.05 Cr ₹24.13 Cr ₹30.6 Cr ₹39.04 Cr ₹11.21 Cr
  attributable to Owners ₹50.85 Cr ₹0 - - ₹68.15 Cr ₹34.13 Cr ₹31.86 Cr - ₹0 ₹0 ₹0 ₹0
  attributable to NCI ₹0 ₹0 - - ₹0 ₹0 ₹0 - ₹0 ₹0 ₹0 ₹0
Other Comprehensive Income ₹10.52 Cr ₹3.48 Cr ₹86 Lakh -₹1.85 Cr ₹4.45 Cr -₹61 Lakh ₹99 Lakh ₹20.96 Lakh ₹20 Lakh ₹38 Lakh ₹1.03 Cr -₹33 Lakh
Total Comprehensive Income ₹61.37 Cr ₹58.52 Cr ₹37.84 Cr ₹25.76 Cr ₹72.59 Cr ₹33.51 Cr ₹32.85 Cr ₹19.26 Cr ₹24.33 Cr ₹30.98 Cr ₹40.07 Cr ₹10.88 Cr
EBITDA (computed) ₹147.92 Cr ₹135.97 Cr ₹101.81 Cr ₹80.6 Cr ₹136.65 Cr ₹84.27 Cr ₹74.46 Cr ₹57.86 Cr ₹72.71 Cr ₹79.07 Cr ₹90.81 Cr ₹50.43 Cr
Basic EPS ₹7.00 ₹7.64 ₹4.83 ₹4.13 ₹9.15 ₹5.36 ₹4.92 ₹2.94 ₹4.00 ₹5.09 ₹6.68 ₹1.90
Diluted EPS ₹7.00 ₹7.51 ₹4.68 ₹4.13 ₹8.82 ₹5.16 ₹4.74 ₹2.83 ₹3.84 ₹4.89 ₹6.68 ₹1.90
Latest 12 quarters shown of 24 on record.
Segment · Q4 FY26 (latest quarter) Revenue Result (PBIT) Assets Liabilities
Manufacturing ₹1,157.3 Cr ₹117.27 Cr ₹5,335.12 Cr ₹3,301.87 Cr
Real Estate ₹0 -₹24 Lakh ₹349.69 Cr ₹116.69 Cr
Segment · FY 2026 (annual) Revenue Result (PBIT) Assets Liabilities
Manufacturing ₹3,563.9 Cr ₹362.09 Cr - -
Real Estate ₹0 -₹1.72 Cr - -
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹3,455.25 Cr ₹3,118.22 Cr ₹3,080.1 Cr ₹2,092.49 Cr ₹2,094.08 Cr ₹2,075.18 Cr ₹1,759.09 Cr
Other Income ₹53.07 Cr ₹86.03 Cr ₹66.21 Cr ₹40.18 Cr ₹37.18 Cr ₹30.76 Cr ₹16.52 Cr
Total Income ₹3,508.32 Cr ₹3,204.25 Cr ₹3,146.31 Cr ₹2,132.67 Cr ₹2,131.26 Cr ₹2,105.94 Cr ₹1,775.61 Cr
Cost of Materials Consumed ₹2,133.11 Cr ₹2,328.02 Cr ₹2,441.83 Cr ₹1,456.36 Cr ₹1,492.18 Cr ₹1,282.69 Cr ₹1,166.42 Cr
Purchases of Stock-in-Trade ₹292.52 Cr ₹257.54 Cr ₹45.9 Cr ₹98.48 Cr ₹62.84 Cr ₹176.91 Cr ₹100.33 Cr
Changes in Inventories -₹281 Cr -₹169.7 Cr -₹133.52 Cr ₹83.82 Cr -₹14.84 Cr -₹59.94 Cr -₹3.61 Cr
Employee Benefit Expense ₹81.1 Cr ₹72.73 Cr ₹67.22 Cr ₹57.98 Cr ₹53.11 Cr ₹54.12 Cr ₹53.96 Cr
Finance Costs ₹154.19 Cr ₹99.12 Cr ₹87.06 Cr ₹41.02 Cr ₹37.3 Cr ₹52.74 Cr ₹64.42 Cr
Depreciation & Amortisation ₹75.54 Cr ₹43.27 Cr ₹60.48 Cr ₹45.14 Cr ₹45.22 Cr ₹46.37 Cr ₹52.31 Cr
Other Expenses ₹789.75 Cr ₹387.77 Cr ₹428.77 Cr ₹260.22 Cr ₹320.84 Cr ₹416.58 Cr ₹275.54 Cr
Total Expenses ₹3,245.21 Cr ₹3,018.75 Cr ₹2,997.74 Cr ₹2,043.02 Cr ₹1,996.65 Cr ₹1,969.47 Cr ₹1,709.37 Cr
Profit Before Exceptional Items & Tax ₹263.11 Cr ₹185.5 Cr ₹148.57 Cr ₹89.65 Cr ₹134.61 Cr ₹136.47 Cr ₹66.24 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 -₹2.5 Cr
Profit Before Tax ₹263.11 Cr ₹185.5 Cr ₹148.57 Cr ₹89.65 Cr ₹134.61 Cr ₹136.47 Cr ₹63.74 Cr
Total Tax Expense ₹67.24 Cr ₹48.38 Cr ₹38.83 Cr ₹22.38 Cr ₹33.39 Cr ₹35.84 Cr ₹9.76 Cr
Net Profit ₹195.87 Cr ₹137.12 Cr ₹109.74 Cr ₹67.27 Cr ₹101.22 Cr ₹100.63 Cr ₹53.98 Cr
Other Comprehensive Income ₹11.59 Cr ₹4.52 Cr ₹1.19 Cr ₹4.82 Cr -₹4.14 Cr -₹2.62 Cr ₹6.69 Cr
Total Comprehensive Income ₹207.46 Cr ₹141.64 Cr ₹110.93 Cr ₹72.09 Cr ₹97.08 Cr ₹98.01 Cr ₹60.67 Cr
EBITDA (computed) ₹492.84 Cr ₹327.89 Cr ₹296.11 Cr ₹175.81 Cr ₹217.13 Cr ₹235.58 Cr ₹182.97 Cr
Basic EPS ₹27.17 ₹21.18 ₹18.19 ₹11.21 ₹17.72 ₹17.62 ₹9.45
Diluted EPS ₹26.72 ₹20.39 ₹17.46 ₹11.21 ₹17.46 ₹16.74 ₹9.45
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹4,544.72 Cr ₹3,472.34 Cr ₹2,281.6 Cr ₹1,726.88 Cr
Non-current Assets ₹1,506.78 Cr ₹959.3 Cr ₹867.31 Cr ₹790.5 Cr
Current Assets ₹3,037.94 Cr ₹2,513.04 Cr ₹1,414.29 Cr ₹936.38 Cr
Property, Plant & Equipment ₹570.55 Cr ₹498.52 Cr ₹504.29 Cr ₹482.95 Cr
Inventories ₹1,211.64 Cr ₹931.83 Cr ₹351.63 Cr ₹107.43 Cr
Trade Receivables ₹953.3 Cr ₹886.1 Cr ₹342.29 Cr ₹485.08 Cr
Cash & Equivalents ₹78.78 Cr ₹158.58 Cr ₹160.55 Cr ₹28.41 Cr
Equity (Net Worth) ₹1,922.04 Cr ₹1,418.83 Cr ₹1,278 Cr ₹1,002.8 Cr
Equity Share Capital ₹37.5 Cr ₹32.37 Cr ₹32.37 Cr ₹30.05 Cr
Borrowings (Non-current) ₹238.45 Cr ₹136.78 Cr ₹134.58 Cr ₹127.86 Cr
Borrowings (Current) ₹194.93 Cr ₹215.98 Cr ₹172.13 Cr ₹170.07 Cr
Total Debt (computed) ₹433.38 Cr ₹352.76 Cr ₹306.71 Cr ₹297.93 Cr
Current Liabilities ₹2,287.95 Cr ₹1,869.17 Cr ₹826.43 Cr ₹565.17 Cr
Total Liabilities ₹2,622.68 Cr ₹2,053.51 Cr ₹1,003.6 Cr ₹724.08 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹292.87 Cr ₹29.47 Cr ₹299.44 Cr -₹111.89 Cr ₹438.15 Cr
Investing Cash Flow -₹540.5 Cr ₹110.87 Cr -₹250.87 Cr -₹126.06 Cr -₹108.94 Cr
Financing Cash Flow ₹183.01 Cr -₹142.31 Cr ₹83.57 Cr ₹187.21 Cr -₹267.06 Cr
Capital Expenditure ₹64.41 Cr ₹94.13 Cr ₹93.85 Cr ₹199.41 Cr ₹35.96 Cr
Free Cash Flow (computed) ₹228.46 Cr -₹64.66 Cr ₹205.59 Cr -₹311.3 Cr ₹402.19 Cr
Dividends Paid ₹0 ₹0 ₹12.02 Cr ₹11.84 Cr ₹0
Net Change in Cash -₹64.62 Cr -₹1.97 Cr ₹132.14 Cr -₹50.74 Cr ₹62.15 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹1,156.97 Cr ₹803.54 Cr ₹781.63 Cr ₹713.1 Cr ₹850.44 Cr ₹730.83 Cr ₹805.01 Cr ₹731.93 Cr ₹778.09 Cr ₹830.28 Cr ₹1,007.55 Cr ₹464.18 Cr
Other Income ₹17.6 Cr ₹13.47 Cr -₹12.84 Cr ₹35 Cr ₹37.22 Cr ₹14.66 Cr ₹8.78 Cr ₹25.37 Cr ₹18.39 Cr ₹20.52 Cr ₹23.22 Cr ₹4.07 Cr
Total Income ₹1,174.57 Cr ₹817.01 Cr ₹768.79 Cr ₹748.1 Cr ₹887.66 Cr ₹745.49 Cr ₹813.79 Cr ₹757.3 Cr ₹796.48 Cr ₹850.8 Cr ₹1,030.77 Cr ₹468.25 Cr
Cost of Materials Consumed ₹670.43 Cr ₹715.22 Cr ₹253.21 Cr ₹494.24 Cr ₹666.95 Cr ₹548.78 Cr ₹543.24 Cr ₹569.04 Cr ₹602.5 Cr ₹679.44 Cr ₹662.39 Cr ₹497.49 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹177.27 Cr ₹115.26 Cr ₹11.91 Cr ₹73.89 Cr ₹78.16 Cr ₹93.57 Cr ₹33.55 Cr ₹0 ₹10.36 Cr ₹1.98 Cr
Changes in Inventories -₹125.44 Cr -₹238.72 Cr ₹123.05 Cr -₹39.88 Cr -₹9.43 Cr -₹94.89 Cr -₹10.97 Cr -₹54.41 Cr -₹16.2 Cr -₹51 Cr ₹128.66 Cr -₹194.98 Cr
Employee Benefit Expense ₹24.87 Cr ₹20.33 Cr ₹18.05 Cr ₹17.86 Cr ₹18.79 Cr ₹16.58 Cr ₹18.21 Cr ₹19.16 Cr ₹17.77 Cr ₹16.43 Cr ₹18.28 Cr ₹14.73 Cr
Finance Costs ₹55.08 Cr ₹37.81 Cr ₹30.07 Cr ₹29.63 Cr ₹34.73 Cr ₹25.9 Cr ₹20.94 Cr ₹17.56 Cr ₹24.26 Cr ₹20.09 Cr ₹22.01 Cr ₹20.7 Cr
Depreciation & Amortisation ₹21.57 Cr ₹20.49 Cr ₹21.46 Cr ₹12.03 Cr ₹10.01 Cr ₹10.67 Cr ₹10.43 Cr ₹12.16 Cr ₹15.25 Cr ₹15.4 Cr ₹14.74 Cr ₹15.09 Cr
Other Expenses ₹433.4 Cr ₹180.16 Cr ₹97.96 Cr ₹79.99 Cr ₹97.85 Cr ₹114.3 Cr ₹107.51 Cr ₹68.11 Cr ₹93.99 Cr ₹120.67 Cr ₹115.94 Cr ₹98.18 Cr
Total Expenses ₹1,079.91 Cr ₹735.29 Cr ₹721.07 Cr ₹709.13 Cr ₹830.81 Cr ₹695.23 Cr ₹767.52 Cr ₹725.19 Cr ₹771.12 Cr ₹801.03 Cr ₹972.38 Cr ₹453.19 Cr
Profit Before Exceptional Items & Tax ₹94.66 Cr ₹81.72 Cr ₹47.72 Cr ₹38.97 Cr ₹56.85 Cr ₹50.26 Cr ₹46.27 Cr ₹32.11 Cr ₹25.36 Cr ₹49.77 Cr ₹58.39 Cr ₹15.06 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹94.66 Cr ₹81.72 Cr ₹47.72 Cr ₹38.97 Cr ₹56.85 Cr ₹50.26 Cr ₹46.27 Cr ₹32.11 Cr ₹25.36 Cr ₹49.77 Cr ₹58.39 Cr ₹15.06 Cr
Total Tax Expense ₹24.46 Cr ₹20.83 Cr ₹12.11 Cr ₹9.84 Cr ₹16.53 Cr ₹12.65 Cr ₹11.21 Cr ₹7.97 Cr ₹8.11 Cr ₹12.62 Cr ₹14.92 Cr ₹3.18 Cr
Net Profit ₹70.2 Cr ₹60.89 Cr ₹35.61 Cr ₹29.13 Cr ₹40.32 Cr ₹37.61 Cr ₹35.06 Cr ₹24.14 Cr ₹17.25 Cr ₹37.15 Cr ₹43.47 Cr ₹11.88 Cr
Other Comprehensive Income ₹10.3 Cr ₹3.18 Cr -₹5 Lakh -₹1.84 Cr ₹3.92 Cr -₹62 Lakh ₹92 Lakh ₹29.38 Lakh ₹12 Lakh ₹25 Lakh ₹1.16 Cr -₹33 Lakh
Total Comprehensive Income ₹80.5 Cr ₹64.07 Cr ₹35.56 Cr ₹27.29 Cr ₹44.24 Cr ₹36.99 Cr ₹35.98 Cr ₹24.43 Cr ₹17.37 Cr ₹37.4 Cr ₹44.63 Cr ₹11.55 Cr
EBITDA (computed) ₹171.31 Cr ₹140.02 Cr ₹99.25 Cr ₹80.63 Cr ₹101.59 Cr ₹86.83 Cr ₹77.64 Cr ₹61.83 Cr ₹64.87 Cr ₹85.26 Cr ₹95.14 Cr ₹50.85 Cr
Basic EPS ₹9.74 ₹8.45 ₹4.62 ₹4.36 ₹6.32 ₹5.72 ₹5.42 ₹3.73 ₹2.86 ₹6.18 ₹7.23 ₹1.98
Diluted EPS ₹9.58 ₹8.31 ₹4.47 ₹4.36 ₹6.09 ₹5.50 ₹5.21 ₹3.59 ₹2.74 ₹5.93 ₹7.23 ₹1.98
Latest 12 quarters shown of 24 on record.
Want more history and ratios?
You're viewing the latest exchange-filed financials for Man Industries (India) Limited. The full report adds 10+ years of line-item history, 20+ ratios, peer benchmarks and a downloadable PDF.
10+ years of history 20+ ratios & benchmarks Downloadable PDF

Shareholding Pattern of Man Industries (India) Limited

As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 43.21%, foreign institutional investors hold 2.41%, domestic institutional investors hold 1.34%, retail and other public shareholders hold 53.04% of Man Industries (India) Limited. The company had 50,913 shareholders on record.

Promoters: 43.21%DII (Domestic Institutional): 1.34%FII (Foreign Institutional): 2.41%Retail & Others: 53.04%
Mar 2026
QUARTER
43.21% Promoters
1.34% DII (Domestic Institutional)
2.41% FII (Foreign Institutional)
53.04% Retail & Others
Promoter holding - history
Now 43.21% · Mar 2026High 55.21% · Dec 2015Low 41.81% · Jun 2019
40%44.3%48.5%52.8%57%Dec 2015Jun 2018Dec 2020Jun 2023Jul 2025Dec 2015: 55.21%Mar 2016: 54.94%Jun 2016: 53.66%Sep 2016: 53.04%Dec 2016: 49.52%Mar 2017: 49.17%Jun 2017: 46.01%Sep 2017: 44.58%Dec 2017: 43.61%Mar 2018: 44.16%Jun 2018: 43.51%Sep 2018: 42.69%Dec 2018: 42.90%Mar 2019: 41.92%Jun 2019: 41.81%Sep 2019: 43.59%Dec 2019: 43.58%Mar 2020: 42.26%Jun 2020: 42.43%Sep 2020: 42.43%Dec 2020: 42.62%Mar 2021: 42.62%Jun 2021: 42.62%Sep 2021: 42.62%Dec 2021: 42.62%Mar 2022: 44.70%Jun 2022: 45.69%Sep 2022: 45.69%Dec 2022: 45.69%Mar 2023: 45.69%Jun 2023: 45.69%Sep 2023: 49.62%Dec 2023: 49.62%Mar 2024: 46.15%Jun 2024: 46.15%Sep 2024: 46.15%Dec 2024: 46.15%Mar 2025: 46.21%May 2025: 48.21%Jun 2025: 48.21%Jul 2025: 43.21%Sep 2025: 43.21%Dec 2025: 43.21%Mar 2026: 43.21%55.21%41.81%43.21%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jul 2025Jun 2025May 2025
Promoters43.21%43.21%43.21%43.21%48.21%48.21%
Public56.79%56.79%56.79%56.79%51.79%51.79%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016
Promoters43.21%46.21%46.15%45.69%44.70%42.62%42.26%41.92%44.16%49.17%54.94%
Public56.79%53.79%53.85%54.31%55.30%57.38%57.74%58.08%55.84%50.83%45.06%
Promoter change (YoY, %pts)-3.00+0.06+0.46+0.99+2.08+0.36+0.34-2.24-5.01-5.77-

Board & Governance of Man Industries (India) Limited

As per the corporate governance filing with NSE for the quarter ended 31-DEC-2025, the board of Man Industries (India) Limited has 6 directors - 4 independent and 2 executive. The board is chaired by RAMESHCHANDRA MANSUKHANI.

DirectorPositionOn board sinceListed boards
RAMESHCHANDRA MANSUKHANI Executive Director · Chairperson 1988-05-19 1
NIKHIL RAMESHCHANDRA MANSUKHANI Executive Director · MD 2011-11-23 1
RENU PURSHOTTAM JALAN Non-Executive - Independent Director 2018-03-08 1
NARENDRA MAIRPADY Non-Executive - Independent Director 2021-02-23 5
RABI NARAYAN BASTIA Non-Executive - Independent Director 2024-02-05 3
ESHA PADMANABHAN ACHAN Non-Executive - Independent Director 2025-11-13 2
Board Committees
CommitteeMembers
Audit Committee NARENDRA MAIRPADY (Chairperson), NIKHIL RAMESHCHANDRA MANSUKHANI, RENU PURSHOTTAM JALAN
Nomination and remuneration committee RENU PURSHOTTAM JALAN (Chairperson), NARENDRA MAIRPADY, RABI NARAYAN BASTIA
Stakeholders Relationship Committee RENU PURSHOTTAM JALAN (Chairperson), NIKHIL RAMESHCHANDRA MANSUKHANI, RABI NARAYAN BASTIA
Risk Management Committee RAMESHCHANDRA MANSUKHANI (Chairperson), NIKHIL RAMESHCHANDRA MANSUKHANI, RABI NARAYAN BASTIA
Corporate Social Responsibility Committee RAMESHCHANDRA MANSUKHANI (Chairperson), NIKHIL RAMESHCHANDRA MANSUKHANI, RENU PURSHOTTAM JALAN

Group Structure of Man Industries (India) Limited

Man Industries (India) Limited has 3 subsidiary companies. This group structure data is as of FY 2025. The corporate group structure reflects Man Industries (India) Limited's business expansion strategy and organizational complexity.

3
Subsidiary companies
Key Subsidiaries
Company Name CIN Shares Held
Man Stainless Steel Tubes Limited U27200MH2021PLC368271 -
Man Offshore And Drilling Limited U29100MH2021PLC368085 -
Merino Shelters Private Limited U45200MH2005PTC155215 -

Showing major subsidiaries. Total: 3.

Charges & Borrowings of Man Industries (India) Limited

Open charges
₹3,721.92 Cr
Satisfied charges
₹5,447.99 Cr
Breakdown by lending institutions
Idbi Trusteeship Services Limited₹3,109.00 Cr
Others₹610.00 Cr
Axis Bank Limited₹2.92 Cr
Latest charge details
DateLenderAmountStatus
07 Apr 2026 Others ₹100 Cr Open
17 Feb 2026 Others ₹140 Cr Open
28 May 2025 Others ₹150 Cr Open
16 Dec 2024 Idbi Trusteeship Services Limited ₹880 Cr Open
29 Oct 2024 Others ₹220 Cr Open

Total charge records: 54 View all charges

Employees and EPFO Compliance at Man Industries (India) Limited

Man Industries (India) Limited has a workforce of 86 employees as of Sep 24, 2025.

Employee count
86
Active EPFO establishments
2
Employee growth
28.36%
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026

Employee Count & EPFO Data of Man Industries (India) Limited

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Monthly employee headcount & PF contributions
EPFO establishment details & ECR filing status
Year-wise workforce analytics & attrition trends
PF exemption, coverage & compliance verification

GST Compliance of Man Industries (India) Limited

XX%
Compliant
GSTR-1
GSTR-3B
GSTR-9
MH
KA
UP
TN
TS

GSTIN & GST Filing Data of Man Industries (India) Limited

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GSTIN registrations & state-wise presence
Filing compliance - GSTR-1, GSTR-3B, GSTR-9
HSN/SAC codes with goods & services details
Taxpayer type, jurisdiction & business constitution

Credit Ratings, Litigation & Regulatory Alerts for Man Industries (India) Limited

Credit rating
AAA
AA+
AA
AA-
! !
2015 2017 2019 2021 2023
Litigation
District Court 35
High Court 45
Supreme Court 0
NCLT / NCLAT 0
Pending
Disposed
Regulatory alerts
GSTIN Cancelled
Andhra Pradesh
GSTIN Cancelled
Telangana (on application)
EPFO Delay
12 months delay - Haryana
Violations via Directors
20 MCA + 19 Bank defaults

Credit Ratings, Legal Cases & Regulatory Alerts of Man Industries (India) Limited

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Credit rating history across CARE, ICRA, Brickwork & India Ratings
Instrument-wise ratings, outlook & action timeline
Court-wise litigation (District, High Court, Supreme Court, NCLT)
Group company & common directorship litigation
Statutory compliance alerts (GSTIN, EPFO, ROC)
Director & company violations (MCA, SEBI, Banks, BSE/NSE)

MSME Payment Delays by Man Industries (India) Limited

MSME Payment Delays by Man Industries (India) Limited

Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.

Amounts outstanding to MSME suppliers
Delay periods & reasons for delayed payments
Half-yearly MSME-1 filing history
Vendor-payment behaviour as a counterparty risk signal

Subsidiaries & Group Companies of Man Industries (India) Limited

Subsidiaries & Group Companies of Man Industries (India) Limited

See the full corporate group - holding company, subsidiaries, associates and joint ventures of Man Industries (India) Limited with ownership details.

Holding & parent company details
Subsidiaries & step-down subsidiaries with % holding
Associates & joint ventures with partner details
Investments in other entities year-on-year

MCA Filings & Documents of Man Industries (India) Limited

MCA Filings & Documents of Man Industries (India) Limited

Download official documents filed with the Ministry of Corporate Affairs - from incorporation papers to the latest annual filings.

Incorporation documents, MoA & AoA
Annual returns (MGT-7) & financial statements (AOC-4)
Charge filings (CHG-1, CHG-4) & resolutions
Complete document index with filing dates

Recent Activity on Man Industries (India) Limited

Charges
07 Apr 2026
A charge with Others amounted to Rs. 100.00 Cr with Charge ID 101295385 was registered on 07 Apr 2026.
Charges
17 Feb 2026
A charge with Others amounted to Rs. 140.00 Cr with Charge ID 101253028 was registered on 17 Feb 2026.
Directors
13 Nov 2025
Esha Padmanabhan Achan was appointed as a Additional Director on 13 Nov 2025 & has been associated with this company since 7 months 29 days.
Activity
26 Sep 2025
Man Industries (India) Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Charges
28 May 2025
A charge with Others amounted to Rs. 150.00 Cr with Charge ID 101113034 was registered on 28 May 2025.
Charges
31 Mar 2025
A charge with Idbi Trusteeship Services Limited of Rs. 880.00 Cr registered on 16 Dec 2024 with Charge ID 101016739 was modified on 31 Mar 2025.

Recent News on Man Industries (India) Limited

Frequently Asked Questions about Man Industries (India) Limited

Man Industries (India) Limited is an active public limited company in the manufacturing sector based in Mumbai, Maharashtra, India. It was incorporated on 19 May 1988 (38+ years old) and is registered under CIN L99999MH1988PLC047408. Listed on BSE: 513269 and NSE: MANINDS. The company has 86 employees.

Man Industries (India) Limited reported revenue of ₹3,557.17 Cr for FY 2025 (up 11.00% YoY).

The current directors of Man Industries (India) Limited are:

The primary industry of Man Industries (India) Limited is manufacturing. The company specifically operates in pipe and tubes. The company is currently active in this sector.

Yes. Man Industries (India) Limited is listed on both BSE (code: 513269) and NSE (symbol: MANINDS).

Man Industries (India) Limited can be reached at the registered office: Man House 101 S.V. Road Opp. Pawan Hans Vile Parle West, Mumbai, Maharashtra, India – 400056, or through the website mangroup.com.

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Financials, directors, compliance, charges and shareholding - sourced from MCA, SEBI and RBI filings.

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