Man Industries (India) Ltd
Man Industries (India) Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #45 of 100 in Industrial Products
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What the Q4 FY26 call signalled
4 of 5 strong
The short version
The current stand-alone order book is approximately INR 3,000 crores, executable over the next 6 to 12 months, providing a strong revenue base for FY27. Man Industries expects a 30-35% growth in consolidated revenue for the next 3-4 years, driven by combined India and Saudi operations.
From Man Industries (India) Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- The current stand-alone order book is approximately INR 3,000 crores, executable over the next 6 to 12 months, providing a strong revenue base for FY27.
- Consolidated revenue guidance for FY27 is INR 5,000 to INR 5,500 crores, with India contributing around INR 4,000 crores and the remainder from Saudi Arabia.
- The company expects 30% to 35% constant growth over the next 3 to 4 years at the consolidated level (India and Saudi).
- For FY28, growth is projected at around 25% to 30% compared to FY27.
- NPC’s revenue is expected between INR 1,500 to INR 2,000 crores for FY27 with EBITDA margin of around 15%+.
- The company anticipates achieving 85% utilization at NPC by FY28–FY29.
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
- Capex of INR340 crores was spent in FY26.
- Upcoming FY27 capex includes $40 million for coating plant completion, plus Jammu project capex totaling around INR580 crores consolidated.
- Jammu plant expected to complete in FY27.
- Coating facility at Saudi (NPC) being set up on existing land; pipe mill greenfield project scrapped due to NPC acquisition.
- A 3-year plan for NPC plant upgrades budgeted at around $5 million (total), consisting of small, offline upgrades.
- No new pipe mills planned in Saudi; focus on coating facility expansion.
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 stand-alone order book stands at approximately INR 3,000 crores, executable over the next 6 to 12 months.
- The bid book has increased significantly to almost INR 15,000 to 16,000 crores, including opportunities from NPC.
- The company expects new orders to flow in the next few months, indicating order book improvement.
- For consolidated operations (India and Saudi Arabia), a growth of 30-35% is anticipated over the next 3-4 years.
- FY27 consolidated revenue guidance is between INR 5,000 crores to INR 5,500 crores, reflecting confidence in combined business platform.
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
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
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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 Q4 FY26 results?
The current stand-alone order book is approximately INR 3,000 crores, executable over the next 6 to 12 months, providing a strong revenue base for FY27. Man Industries expects a 30-35% growth in consolidated revenue for the next 3-4 years, driven by combined India and Saudi operations.
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 23.5 with a market cap of ₹3,999 Cr. Investors should review the full earnings analysis for detailed insights.
Is Man Industries (India) Ltd planning capital expenditure?
Capex of INR340 crores was spent in FY26.
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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.