| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 1,053 | 742 | +41.9% |
| EBITDA | 143 | 49.1 | +192.1% |
| EBITDA margin | 13.6% | 6.6% | +7.0 pts |
| Profit before tax | 85.5 | 38.3 | +123.4% |
| Net profit | 61.4 | 27.6 | +122.6% |
| EPS | ₹8.19 | ₹4.13 | +98.3% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 5,580 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 260 | 260 | 271 | 417 | 37.2 | ||
| 500 | 500 | 456 | 308 | 294 | ||
| 5,820 | — | — | — | — | ||
| 3,875 | 3,564 | 3,505 | 3,142 | 2,231 | ||
| — | +1.7% | +11.6% | +40.8% | — | ||
| 532 | 439 | 301 | 241 | 137 | ||
| 13.7% | 12.3% | 8.6% | 7.7% | 6.2% | ||
| 436 | 360 | 256 | 180 | 91.9 | ||
| 204 | 170 | 153 | 105 | 68.0 | ||
| 5.3% | 4.8% | 4.4% | 3.4% | 3.1% | ||
| ₹27.24 | ₹22.73 | ₹20.42 | ₹14.02 | ₹9.07 | ||
| — | +11.3% | +45.7% | +54.6% | — | ||
| — | 472 | 66.9 | 257 | −119 | ||
| — | −340 | −154 | −120 | −207 | ||
| 132 | 132 | −87.4 | 137 | −326 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 5,580.0 | |
| - Cash, Equiv & ST Investments | 37.2 | 416.6 | 270.8 | 260.0 | 260.0 | |
| + Total Debt | 293.6 | 308.5 | 456.0 | 499.6 | 499.6 | |
| Enterprise Value | — | — | — | — | 5,819.7 | |
| Revenue | 2,231.3 | 3,142.2 | 3,505.4 | 3,563.9 | 3,874.9 | |
| Growth %, YoY | — | +40.8 | +11.6 | +1.7 | — | |
| EBITDA | 137.2 | 241.2 | 301.4 | 439.3 | 531.9 | |
| Margin % | 6.15 | 7.68 | 8.60 | 12.33 | 13.73 | |
| EBIT | 91.9 | 180.1 | 256.2 | 360.4 | 435.7 | |
| Net Income | 68.0 | 105.1 | 153.2 | 170.5 | 204.3 | |
| Margin % | 3.05 | 3.35 | 4.37 | 4.78 | 5.27 | |
| EPS, Adj (current shares) | 9.07 | 14.02 | 20.42 | 22.73 | 27.24 | |
| Growth %, YoY | — | +54.6 | +45.7 | +11.3 | — | |
| Cash from Operations | -118.8 | 257.5 | 66.9 | 472.2 | — | |
| Capital Expenditures | -207.2 | -120.4 | -154.3 | -340.3 | — | |
| Free Cash Flow | -326.0 | 137.0 | -87.4 | 132.0 | 132.0 | |
Prices at the 30 October 2026 close · figures from the company's filings with NSE
Man Industries (NSE: MANINDS) had a market capitalisation of ₹5,443 crore at the 30 October 2026 close (₹725.70 a share), a PE ratio of 26.6 on the last four quarters' profit and a price-to-book ratio of 2.61. In FY26 its consolidated net profit was ₹170 crore on revenue of ₹3,564 crore; in Q1 FY27 (April–June 2026) it was ₹61.4 crore, up 122.5% year on year. Its debt-to-equity ratio was 0.24 on 31 March 2026. Promoters held 43.21% of the shares on 30 September 2026.
Man Industries' PE ratio is 26.6 at the 30 October 2026 close (₹725.70 a share): a market capitalisation of ₹5,443 crore divided by consolidated net profit of ₹204 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹170 crore) it is 31.9.
Man Industries' debt-to-equity ratio was 0.24 on 31 March 2026: borrowings of ₹500 crore against total equity of ₹2,087 crore. A year earlier, on 31 March 2025, it was 0.28.
Man Industries' net worth — shareholders' equity in its consolidated balance sheet — was ₹2,087 crore on 31 March 2026, up 29.8% from ₹1,607 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹5,443 crore at the 30 October 2026 close.
Man Industries' price-to-book (PB) ratio is 2.61 at the 30 October 2026 close: a market capitalisation of ₹5,443 crore divided by shareholders' equity (book value) of ₹2,087 crore on 31 March 2026. That is a book value of ₹278.21 per share against a share price of ₹725.70.
In FY26, Man Industries' return on equity (ROE) was 9.2% and its return on capital employed (ROCE) was 17.1%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 10.2% and ROCE 15.2%.
Man Industries' book value per share was ₹278.21 on 31 March 2026: shareholders' equity of ₹2,087 crore divided by the 7.5 crore shares in issue. The share price at the 30 October 2026 close was ₹725.70.
Man Industries' market capitalisation was ₹5,443 crore at the 30 October 2026 close: 7.5 crore shares at ₹725.70 each.
No. Man Industries had borrowings of ₹500 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.24. Its cash and current investments were ₹728 crore, so it held net cash of ₹228 crore.
Man Industries' basic earnings per share (EPS) were ₹23.65 in FY26, against ₹23.66 in FY25.
Promoters held 43.21% of Man Industries on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
In FY26, Man Industries generated ₹472 crore of cash from operations and spent ₹340 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹132 crore. In FY25 it was −₹87.4 crore.
Man Industries has not yet announced the date of its Q2 FY27 results (July–September 2026); under SEBI's listing rules (Regulation 33) they are due by 14 November 2026.
On 30 September 2026, Man Industries' shares were held by promoters 43.21%, foreign portfolio investors (FII/FPI) 3.49%, domestic institutions (DII) 1.18% (including mutual funds at 0.00%) and retail and other non-institutional investors 52.12%. Over the year, FII holding was up 1.17 percentage points from 2.32% and DII holding was down 0.51 percentage points from 1.69%.
Man Industries' latest results are for Q1 FY27 (April–June 2026), filed on 11 August 2026: consolidated net profit ₹61.4 crore, up 122.5% from ₹27.6 crore in Q1 FY26; revenue from operations ₹1,053 crore, up 41.9% year on year.
At the 30 October 2026 closing prices, on FY26 net profit, Man Industries' PE ratio is 31.9, the third highest of the four: Shivalik Bimetal Controls 60.9, Sunflag Iron And Steel 34.9 and Bansal Wire Industries 27.9, a peer average of 41.2. Each is the company's market capitalisation at that price divided by its FY26 net profit.
In FY26 (April 2025–March 2026), Man Industries' consolidated net profit was ₹170 crore, up 11.3% from ₹153 crore in FY25, on revenue from operations of ₹3,564 crore (up 1.7%). Over three years, from FY23, net profit was up 150.7%.
On FY26 consolidated figures, against Shivalik Bimetal Controls, Sunflag Iron And Steel and Bansal Wire Industries: Man Industries' operating margin of 10.1% is the second highest of the four (Shivalik Bimetal Controls 20.5%, Sunflag Iron And Steel 9.2%, Bansal Wire Industries 6.1%; peer average 11.9%); its return on equity of 9.2% is the third highest of the four (Shivalik Bimetal Controls 21.6%, Sunflag Iron And Steel 2.3%, Bansal Wire Industries 11.9%; peer average 11.9%).
In FY26, Man Industries earned net profit of ₹170 crore on revenue of ₹3,564 crore, against ₹95.9 crore on ₹571 crore for Shivalik Bimetal Controls. Man Industries' operating margin was 10.1% (Shivalik Bimetal Controls 20.5%) and its return on equity 9.2% (Shivalik Bimetal Controls 21.6%). At the 30 October 2026 close, Man Industries' market capitalisation was ₹5,443 crore against ₹5,838 crore for Shivalik Bimetal Controls, and its PE ratio on FY26 profit 31.9 against 60.9.
From Man Industries' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 30 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.