Man Industries Share News: The shares of Man Industries (India) Ltd., a leading manufacturer and exporter of large diameter LSAW and HSAW pipes, are in focus after the company was honored with the 1st Position in the category of highest quantity of Steel Imports by Deendayal Port, Kandla for the financial year 2024-25.
Man Industries is recognized for its contribution to India’s infrastructure and energy sectors, with a total installed capacity of 1 million tonnes. The company’s global presence and consistent growth in the oil & gas and water transportation segments continue to make it a prominent name in the pipe manufacturing industry.
Price action of Man Industries (India) Ltd
On April 11, 2025, Man Industries (India) Ltd. opened at ₹272.35 and touched a high of ₹273.50, marking a rise of 1.83% from its previous close of ₹263. The stock closed at ₹267.80, with a market cap of ₹1,703 crore.
Recent News on Man Industries
Man Industries (India) Ltd. has been awarded by Deendayal Port, Kandla, for achieving the highest steel imports in FY 2024-25, reaffirming its leadership in the steel and pipe industry. This recognition reflects the company’s aggressive procurement strategy and strong execution capabilities, supporting its robust project pipeline across sectors.
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Halal Status of Man Industries (India) Limited
Man Industries (India) Ltd., is one of India’s foremost manufacturers of LSAW and HSAW pipes, which is considered halal under Shariah-compliant investing guidelines.
Below table shows the Shariah-Compliant analysis of Man Industries (India) Limited, based on the latest annual report published on 04-09-2024.
| Criteria | Value | Status |
| Business Activity | Steel | ✅ PASS |
| Impermissible Income to Total Revenue | 1.69% | ✅ PASS |
| Interest-Bearing Debt to Total Assets | 13.49% | ✅ PASS |
| Illiquid Assets to Total Assets Ratio | 53.05% | ✅ PASS |
| Net Liquid Assets vs Market Capitalization | Compliant as per Shariah principles | ✅ PASS |
| Non-Compliant Investments to Total Assets | Less than 33% (Compliant) | ✅ PASS |
About Man Industries (India) Ltd.
Man Industries (India) Ltd., established in 1988, is one of India’s foremost manufacturers of LSAW and HSAW pipes, catering to global clients in the oil & gas, water, and infrastructure sectors. With state-of-the-art manufacturing facilities in Anjar and Pithampur, the company exports to over 50 countries and has built a reputation for delivering world-class pipeline solutions. It is also actively expanding its footprint in the domestic market through government and private sector projects.
Key Insights
- Man Industries holds a strong order book across pipeline infrastructure.
- Strategic investments in raw material imports have helped optimize production timelines.
- The company benefits from increasing global demand for energy infrastructure and water management projects.
- Its ongoing capacity expansion aims to meet rising export demand while strengthening domestic presence.
Share Holdings Patterns of Man Industries (India) Ltd.
| Particulars | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 46.15% | 46.15% | 46.12% |
| FII | 2.16% | 2.52% | 1.84% |
| DII | 2.64% | 3.27% | 3.31% |
| Public | 49.05% | 48.05% | 48.72% |
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Financials
In the latest financials, Man Industries (India) Ltd. reported a revenue of ₹3194 crore in FY24-25, compared to ₹2270 crore in the previous year. Net profit stood at ₹105 crore.
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