Man Industries (India) Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 13 Jun 2026 | Industrial Products | Market Cap: ₹4.0K Cr
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.
Price
₹715
Market Cap
₹4.0K Cr
P/E Ratio
23.5
Revenue Rank
Margin Rank
How does Man Industries (India) Ltd rank in Industrial Products?
Compare Man Industries (India) Ltd against every Industrial Products company this quarter on revenue, margins and earnings-call signals.
Man Industries (India) Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹1.2K Cr, net profit ₹51 Cr.
Full financials →📊 Revenue & Sales Performance
Rank 2- →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.
- →Large bid book of INR 15,000 to 16,000 crores indicates strong future order inflows.
- →Growth drivers include energy sector rebuilding post-war and expansion in Middle East, MENA, Africa, Far East, and South America regions.
See what Man Industries (India) Ltd said on profitability & margins — free account, 30 seconds.
🏗️ Capital Expenditure Plans
Yes- →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.
- →Cash flows from operations to be partly used for coating upgrades and repayment to reduce debt.
- →Capex completion targeted by March FY27 for coating plant in Saudi.
See what Man Industries (India) Ltd said on fundraising & capital structure — free account, 30 seconds.
📋 Order Book & Pipeline
Yes- →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.
- →The Saudi business has new Aramco orders expected to sustain full quarter production.
- →Some near-term execution challenges include shipments delayed due to Hormuz situation, but capacities are available to capitalize on opportunities.
Key Metrics
Revenue
Margin
Capex
Fundraise
Order Book
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What Man Industries (India) Ltd's management said in earlier quarters
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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 concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.