Man Industries (India) Ltd
Man Industries (India) Q1 FY27 earnings call: Revenue & Margins
Q1 FY27 earnings call: what management said on revenue, margins and capex.
Guidance rank: #47 of 100 in Industrial Products
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What the Q1 FY27 call signalled
4 of 5 strong
The short version
For FY28, Man Industries expects revenue growth of approximately 25% to 30%, factoring in uncertainties in the global scenario. For FY28, Man Industries expects revenue growth of approximately 25% to 30%, considering NPC ramp-up, Jammu project, and Dammam coating plant coming online.
From Man Industries (India) Ltd's Q1 FY27 earnings-call transcript · updated 26 Aug 2026.
Revenue & Sales Performance
- For FY28, Man Industries expects revenue growth of approximately 25% to 30%, factoring in uncertainties in the global scenario.
- Jammu plant will contribute an additional INR200-300 crores in the first year post ramp-up, gradually scaling up further.
- The Middle East operations, including Dammam coating, are also expected to grow, contributing significantly alongside India.
- Combined India (including Jammu) top line projection is around INR4,500-4,600 crores with Middle East contributing approximately INR2,400 crores, totaling around INR7,000 crores (ballpark estimate).
- The consolidated consolidated order book of approx INR3,600 crores is executable over 6-12 months, supporting strong revenue visibility for FY27.
2 more points from Man Industries (India) Ltd's call on revenue
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Profitability & Margins
See what Man Industries (India) Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Jammu project: INR 600 crores total capex; INR 350 crores done, INR 250 crores ongoing, funded 70% internal and 30% external. Expected commissioning by FY27.
- Saudi coating plant in Dammam: USD 50 million investment, funded 50% by loan (USD 25 million) and 50% internal. Target operations commencement by March 2027.
- NPC acquisition: Completed, with focus on operational improvements.
- Peak consolidated debt expected around INR 1,600 crores post all project completion; loan repayments expected to reduce peak debt to about INR 1,400 crores.
2 more points from Man Industries (India) Ltd's call on capex
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Top-ranked in Industrial Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Man Industries (India) Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Current consolidated order book is approximately INR3,600 crores.
- India order book: Around INR2,200 to INR2,300 crores, with 80%+ exports and 20% domestic.
- NPC order book constitutes the remaining portion.
- Bid pipeline stands at INR24,000 crores.
- Approximately 70% of the bid pipeline is from MENA (Middle East and North Africa) and extended MENA regions.
- Around 35% to 40% of the bid pipeline is water-related projects, including India and international.
- Large international pipelines are planned worldwide with strong financial backing.
- Significant traction noted post-COVID and expected to increase after war-related disruptions ease.
2 more points from Man Industries (India) Ltd's call on order book
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Man Industries (India) Ltd — Quarterly revenue & net profit
Q1 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q1 FY27 numbers from the filing are in the analysis on this page.
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹1.2K Cr, net profit ₹51 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Man Industries's management said in earlier quarters
Others in Industrial Products this season
- Expo Engineering (Q1 FY27)
Q1 FY27 Revenue from Operations: ₹13.75 crore, down from ₹17.85 crore in Q1 FY26 (approx. Key investor presentation takeaways from Expo Engineering and Projects
- Sh. Bajrang All. (Q1 FY27)
Shareholding pattern as of 30 June 2026: Promoter 63.97%, Public 36.03%. Key investor presentation takeaways from Shri Bajrang Alliance Ltd's Q1 FY27 investor p
- Bedmutha Indus. (Q1 FY27)
Revenue from Operations for the year ended March 31, 2026: Rs 1466.74 crores versus Rs 1049.33 crores for March 31, 2025, indicating a significant year-on-year…
- Horizon Reclaim (Q1 FY27)
Reported Revenue (₹ Cr): . Key investor presentation takeaways from Horizon Reclaim (India) Ltd's Q1 FY27 investor presentation — and how it ranks against secto
Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Man Industries (India) Ltd Q1 FY27 results?
For FY28, Man Industries expects revenue growth of approximately 25% to 30%, factoring in uncertainties in the global scenario. For FY28, Man Industries expects revenue growth of approximately 25% to 30%, considering NPC ramp-up, Jammu project, and Dammam coating plant coming online.
What is Man Industries (India) Ltd share price analysis?
Man Industries (India) Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 26.3 with a market cap of ₹5,366 Cr. Investors should review the full earnings analysis for detailed insights.
Is Man Industries (India) Ltd planning capital expenditure?
Jammu project: INR 600 crores total capex; INR 350 crores done, INR 250 crores ongoing, funded 70% internal and 30% external.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.