Man Industries Presents Investor Deck Highlighting Robust Growth & Strategic Acquisitions

Man Industries (India) Limited announced its corporate presentation for an Investor/Analyst Meeting held on September 1, 2026.

The presentation showcased the company's strong financial performance and strategic initiatives. For FY26, Man Industries reported revenues of ₹2,178 crore, EBITDA of ₹218 crore, and PAT of ₹102 crore. The company highlighted a robust growth trajectory with FY26 Networth at ₹2,087 crore, ROCE at 18.4%, and ROE at 9.2%.

Significant strategic moves include the acquisition of National Pipe Company (NPC) in Saudi Arabia for USD 102 million (approximately ₹1,000 crore), which adds 430,000 MTPA of HSAW and LSAW pipe capacity and strengthens its market access in the Middle East, aligning with Saudi Vision 2030. The company is also expanding its footprint with upcoming greenfield expansions, including a Dammam Coating Plant targeted for March 2027 and a Jammu Stainless Steel Plant targeted for March 2027, adding new product lines and value-added services.

Man Industries operates state-of-the-art manufacturing facilities in Anjar, Gujarat, and Pithampur, Madhya Pradesh, with a combined capacity exceeding 1.2 million MTPA. The company's product range includes LSAW, HSAW, and ERW pipes, along with specialized coating services. Financial highlights for FY26 show standalone revenue from operations at ₹34,552 million, with EBITDA at ₹4,928 million and PAT at ₹1,958 million. Consolidated figures for FY26 indicate revenue from operations of ₹35,639 million, EBITDA of ₹4,679 million, and PAT of ₹1,705 million.

The company's next five-year goals focus on optimizing overall utilization through global diversification, relocating spare capacity to high-demand markets, entering new high-growth geographies, and focusing on higher-margin products like Stainless Steel pipes. They aim for a revenue CAGR of 20-25% and an EBITDA margin of 15% in the long term.