Man Industries (India) balance sheet

As of Mar 2026

Total assets: ₹5,021cr+32.9% on Mar 2025
Shareholders' equity: ₹2,087cr+29.8% on Mar 2025
Total debt: ₹500cr+9.6% on Mar 2025
Cash and investments: ₹260cr−4.0% on Mar 2025

₹ crore except per share

Tap a line for its trend	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Current assets
Non-current assets					FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	655	572	540	489
	326	133	30.5	14.5
	—	1.4	1.4	0.0
	208	68.8	63.9	0.0
	0.3	0.5	0.0	0.0
	1.4	0.0	0.0	102
	239	97.3	96.7	85.7
	15.4	52.4	17.3	11.5
	255	150	114	199
	43.8	102	68.1	85.1
	1,488	1,029	818	788
	1,535	1,269	646	121
	70.8	26.0	228	0.3
	1,010	896	355	494
	189	245	189	36.9
	468	134	66.3	133
	15.7	0.2	2.2	71.9
	20.1	9.8	10.5	7.5
	1,773	1,311	851	744
	225	171	101	74.1
	3,533	2,751	1,598	940
	5,021	3,779	2,415	1,728
Equity
	37.5	32.4	32.4	30.1
	2,049	1,575	1,373	974
	2,087	1,607	1,405	1,004
	2,087	1,607	1,405	1,004
Liabilities
	240	138	136	128
	61.0	15.6	14.1	1.3
	301	154	150	129
	4.1	1.6	0.5	2.3
	25.8	27.6	25.8	24.2
	5.6	3.7	3.7	3.7
	337	187	180	159
	259	317	172	166
	1,471	1,200	503	340
	260	36.8	31.2	28.2
	1,990	1,555	706	534
	1.1	1.1	6.9	6.8
	27.5	2.1	5.4	0.0
	579	427	112	24.0
	2,597	1,985	830	564
	2,934	2,172	1,010	724
	5,021	3,779	2,415	1,728
Assets — additional as-filed lines
	0.0	0.0	0.0	1.3
Trade payables — MSME split
	7.8	1.1	—	—
	1,463	1,199	—	—

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

MANINDS₹802.45

Man Industries (India) Limited

· Capital Goods & Defence

₹ CrorePeersSBCL SUNFLAG BANSALWIRE AEROFLEX GOODLUCK TIIL KIRLOSIND KSLMcap ₹6,018 Cr

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In ₹ Crore except Per Share As of	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/06/2026
Non-current Assets
+ Property, Plant & Equipment	489.0	539.7	572.4	654.6	654.6
+ Capital Work-in-Progress	14.5	30.5	133.4	325.8	325.8
+ Investment Property	0.0	1.4	1.4	—	—
+ Goodwill	0.0	63.9	68.8	207.8	207.8
+ Other Intangibles	0.0	0.0	0.5	0.3	0.3
+ Non-current Investments	102.3	0.0	0.0	1.4	1.4
+ Trade Receivables — Non-current	85.7	96.7	97.3	238.5	238.5
+ Other Non-current Financial Assets	11.5	17.3	52.4	15.4	15.4
Non-current Financial Assets	199.5	114.0	149.7	255.3	255.3
+ Other Non-current Assets	85.1	68.1	102.3	43.8	43.8
Total Non-current Assets	788.0	817.7	1,028.6	1,487.5	1,487.5
Current Assets
+ Inventories	120.8	645.6	1,268.5	1,535.0	1,535.0
+ Current Investments	0.3	228.0	26.0	70.8	70.8
+ Trade Receivables	493.9	355.1	895.9	1,009.8	1,009.8
+ Cash & Cash Equivalents	36.9	188.6	244.9	189.2	189.2
+ Other Bank Balances	133.2	66.3	134.3	468.0	468.0
+ Short-term Loans	71.9	2.2	0.2	15.7	15.7
+ Other Current Financial Assets	7.5	10.5	9.8	20.1	20.1
Current Financial Assets	743.7	850.6	1,311.0	1,773.5	1,773.5
+ Other Current Assets	74.1	101.3	171.0	224.6	224.6
Total Current Assets	939.9	1,597.5	2,750.6	3,533.1	3,533.1
Total Assets	1,727.9	2,415.2	3,779.2	5,020.6	5,020.6
Equity
+ Equity Share Capital	30.1	32.4	32.4	37.5	37.5
+ Other Equity / Reserves	974.1	1,372.5	1,574.9	2,049.0	2,049.0
Equity — Owners of Parent	1,004.2	1,404.9	1,607.3	2,086.5	2,086.5
Total Equity	1,004.2	1,404.9	1,607.3	2,086.5	2,086.5
Liabilities
+ Borrowings — Non-current	127.9	136.3	138.5	240.2	240.2
+ Other Non-current Financial Liab	1.3	14.1	15.6	61.0	61.0
Non-current Financial Liabilities	129.1	150.3	154.1	301.1	301.1
+ Provisions — Non-current	2.3	0.5	1.6	4.1	4.1
+ Deferred Tax Liabilities	24.2	25.8	27.6	25.8	25.8
+ Other Non-current Liabilities	3.7	3.7	3.7	5.6	5.6
Non-current Liabilities	159.3	180.3	186.9	336.7	336.7
+ Borrowings — Current	165.7	172.2	317.5	259.5	259.5
+ Trade Payables	339.8	502.8	1,200.4	1,471.2	1,471.2
+ Other Current Financial Liab	28.2	31.2	36.8	259.5	259.5
Current Financial Liabilities	533.7	706.2	1,554.7	1,990.2	1,990.2
+ Provisions — Current	6.8	6.9	1.1	1.1	1.1
+ Current Tax Liabilities	0.0	5.4	2.1	27.5	27.5
+ Other Current Liabilities	24.0	111.6	427.1	578.6	578.6
Current Liabilities	564.5	830.0	1,984.9	2,597.4	2,597.4
Total Liabilities	723.7	1,010.3	2,171.9	2,934.1	2,934.1
Total Equity & Liabilities	1,727.9	2,415.2	3,779.2	5,020.6	5,020.6
Assets — additional as-filed lines
+ Current Tax Assets	1.3	0.0	0.0	0.0	0.0
Trade Payables — MSME split
+ Dues to Micro & Small — Current	—	—	1.1	7.8	7.8
+ Dues to Other Creditors — Current	—	—	1,199.3	1,463.4	1,463.4

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

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Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.