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Man Industries (India) (MANINDS)₹795.65−1.47%Iron & Steel Products
In the Jun 2026 quarter (consolidated), Man Industries (India) reported sales of ₹1,057 Cr, up 41.9% from Jun 2025, and net profit of ₹61.17 Cr, up 117.8% year on year. For the year to Mar 2026, sales were ₹3,574 Cr and net profit ₹170 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| 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 | 1,022 | 836 | 814 | 751 | 809 | 734 | 1,222 | 745 | 836 | 832 | 1,160 | 1,057 |
| Expenses | 952 | 771 | 755 | 713 | 744 | 656 | 1,100 | 696 | 716 | 705 | 1,021 | 913 |
| Operating Profit | 69.81 | 64.76 | 57.81 | 37.85 | 63.81 | 78.67 | 121 | 48.82 | 121 | 128 | 140 | 142 |
| OPM % | 7.0% | 8.0% | 7.0% | 5.0% | 8.0% | 11.0% | 10.0% | 7.0% | 15.0% | 14.9% | 12.0% | 14.0% |
| Other Income | 20.95 | 13.97 | 13.96 | 19.94 | 10.97 | 5.98 | 14.95 | 30.93 | −18.95 | 7.98 | 7.98 | 11.96 |
| Interest | 22.01 | 19.99 | 25.01 | 18.01 | 21.01 | 25.99 | 35.03 | 29.98 | 29.99 | 38.01 | 51.99 | 40.02 |
| Depreciation | 14.94 | 15.94 | 14.95 | 12.94 | 10.96 | 10.96 | 10.96 | 12.94 | 21.92 | 20.91 | 22.93 | 29.90 |
| Profit before tax | 54.14 | 43.12 | 32.05 | 28.08 | 43.12 | 47.10 | 91.15 | 38.06 | 49.10 | 76.23 | 73.17 | 85.13 |
| Tax % | 28.1% | 29.1% | 26.1% | 31.1% | 26.0% | 27.1% | 25.1% | 28.1% | 25.1% | 28.1% | 30.0% | 28.1% |
| Net Profit | 39.11 | 31.10 | 24.08 | 19.04 | 32.08 | 34.10 | 68.16 | 28.08 | 37.11 | 55.11 | 51.14 | 61.17 |
| EPS (Rs) | 6.49 | 5.08 | 3.72 | 2.93 | 4.91 | 5.26 | 10.51 | 4.10 | 4.92 | 7.33 | 6.77 | 8.17 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,396 | 1,063 | 1,614 | 2,228 | 1,764 | 2,086 | 2,145 | 2,238 | 3,153 | 3,518 | 3,574 | 3,886 |
| Expenses | 1,278 | 1,016 | 1,488 | 2,052 | 1,596 | 1,881 | 1,966 | 2,101 | 2,913 | 3,213 | 3,135 | 3,355 |
| Operating Profit | 120 | 47.82 | 125 | 177 | 167 | 204 | 180 | 137 | 240 | 300 | 438 | 530 |
| OPM % | 9.0% | 4.6% | 8.0% | 8.0% | 10.0% | 10.0% | 8.0% | 6.0% | 8.0% | 9.0% | 12.0% | 13.7% |
| Other Income | 66.84 | 71.76 | 52.83 | 20.93 | 13.96 | 30.90 | 36.90 | 38.91 | 51.84 | 51.84 | 28.93 | 8.97 |
| Interest | 56.03 | 35.99 | 43.03 | 63.96 | 63.99 | 52.99 | 36.98 | 41.02 | 88.01 | 100 | 152 | 160 |
| Depreciation | 36.85 | 39.84 | 38.87 | 45.79 | 51.83 | 45.79 | 44.82 | 45.85 | 60.79 | 44.83 | 78.74 | 95.66 |
| Profit before tax | 93.14 | 44.12 | 95.14 | 88.19 | 65.15 | 137 | 135 | 89.19 | 144 | 208 | 238 | 284 |
| Tax % | 7.0% | 24.1% | 33.1% | 33.1% | 15.0% | 26.1% | 25.0% | 25.1% | 27.1% | 26.1% | 28.0% | — |
| Exceptional items | 0.00 | 0.00 | −1.99 | 0.00 | −1.99 | 0.99 | 0.99 | 8.97 | 2.99 | 1.99 | 0.00 | — |
| Net Profit | 86.24 | 34.11 | 64.19 | 59.15 | 56.14 | 101 | 102 | 67.22 | 105 | 153 | 170 | 205 |
| EPS (Rs) | 15.09 | 5.86 | 11.13 | 10.28 | 9.70 | 17.61 | 17.13 | 11.13 | 16.19 | 23.61 | 22.69 | 27.19 |
| Dividend payout % | 9.9% | 25.9% | 12.9% | 14.9% | 10.0% | 10.9% | 0.0% | 0.0% | 11.9% | 0.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 29.09 | 29.10 | 29.09 | 29.08 | 29.11 | 29.11 | 29.10 | 30.10 | 30.10 | 32.09 | 32.09 | 38.14 |
| Reserves | 454 | 539 | 571 | 625 | 674 | 719 | 807 | 914 | 1,104 | 1,374 | 1,576 | 2,052 |
| Borrowings | 496 | 354 | 448 | 369 | 245 | 295 | 297 | 57.16 | 302 | 327 | 477 | 629 |
| Other Liabilities | 523 | 323 | 310 | 679 | 649 | 786 | 655 | 821 | 427 | 685 | 1,696 | 2,310 |
| Total Liabilities | 1,501 | 1,245 | 1,357 | 1,701 | 1,596 | 1,828 | 1,788 | 1,821 | 1,862 | 2,418 | 3,782 | 5,028 |
| Fixed Assets | 417 | 350 | 347 | 357 | 397 | 369 | 338 | 319 | 555 | 607 | 646 | 868 |
| CWIP | 3.01 | 19.05 | 5.01 | 63.14 | 3.01 | 4.01 | 1.01 | 20.05 | 14.03 | 31.09 | 133 | 327 |
| Investments | 2.99 | 104 | 104 | 103 | 102 | 102 | 103 | 102 | 0.00 | 227 | 25.94 | 70.80 |
| Other Assets | 1,078 | 772 | 902 | 1,177 | 1,094 | 1,353 | 1,346 | 1,379 | 1,293 | 1,554 | 2,977 | 3,763 |
| Inventories | 273 | 128 | 109 | 419 | 217 | 381 | 333 | 319 | 408 | 647 | 1,270 | 1,537 |
| Trade receivables | 486 | 268 | 342 | 384 | 556 | 451 | 658 | 545 | 495 | 356 | 899 | 1,013 |
| Cash & equivalents | 147 | 167 | 154 | 66.72 | 46.83 | 221 | 102 | 239 | 169 | 254 | 378 | 655 |
| Total Assets | 1,501 | 1,245 | 1,357 | 1,701 | 1,596 | 1,828 | 1,788 | 1,821 | 1,862 | 2,418 | 3,782 | 5,028 |
| 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 | 64.27 | 206 | −75.26 | 132 | 138 | 215 | −60.27 | 453 | −120 | 346 | 68.32 | 517 |
| Cash from investing activity | −61.19 | 2.01 | 21.07 | −105 | 0.00 | −46.14 | 4.01 | −119 | −135 | −280 | −41.16 | −596 |
| Cash from financing activity | −34.88 | −188 | 40.84 | −115 | −137 | −36.90 | −62.75 | −266 | 210 | 85.69 | 29.91 | 136 |
| Net cash flow | −30.94 | 18.97 | −12.99 | −87.89 | −0.99 | 131 | −119 | 64.87 | −44.90 | 152 | 55.93 | 56.92 |
| Capex | 0.00 | 46.05 | 23.02 | 110 | 27.03 | 11.01 | 12.01 | 46.04 | 207 | 117 | 154 | 340 |
| Free cash flow | 69.06 | 158 | −97.98 | 22.01 | 111 | 204 | −71.99 | 405 | −328 | 228 | −86.01 | 175 |
| CFO / OP % | 67.9% | 185.9% | −123.0% | 123.0% | 92.0% | 143.9% | −11.1% | 274.9% | −68.1% | 156.9% | 39.9% | 119.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 130 | 70 | 117 | 87 | 91 | 93 | 115 | 93 | 81 | 41 | 93 | 103 |
| Inventory days | 92 | 44 | 49 | 126 | 47 | 110 | 85 | 73 | 84 | 98 | 190 | 251 |
| Days payable | 136 | 76 | 95 | 175 | 122 | 163 | 134 | 175 | 71 | 77 | 181 | 242 |
| Cash conversion cycle | 87 | 39 | 71 | 39 | 17 | 41 | 67 | −8 | 95 | 63 | 104 | 114 |
| Working capital days | 63 | 35 | 47 | 26 | 18 | −13 | 35 | 24 | 70 | 34 | 39 | 30 |
| ROCE % | 10.1% | 16.1% | 8.0% | 14.1% | 16.1% | 13.1% | 17.1% | 16.1% | 10.1% | 14.1% | 16.1% | 16.1% |
For the Jun 2026 quarter, Man Industries (India) reported sales of ₹1,057 Cr, up 41.9% year on year and net profit of ₹61.17 Cr, up 117.8% year on year. The operating margin was 14.0%.
Man Industries (India)'s sales for the year to Mar 2026 were ₹3,574 Cr; over the last twelve months they were ₹3,886 Cr.
Net profit for the year to Mar 2026 was ₹170 Cr, and ₹205 Cr over the last twelve months. Earnings per share over the same trailing period were ₹27.19.
Man Industries (India) reported borrowings of ₹629 Cr at Mar 2026, against cash and equivalents of ₹655 Cr.
Cash from operations was ₹517 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹175 Cr.