Man Industries (india) Limited · NSE:MANINDS
Man Industries (india) — Q2/H1-FY26 Earnings Presentation
22 slides from Man Industries (india)'s earnings presentation, Nov 14, 2025
Slide 1: Earnings Presentation Intimation to Stock Exchanges
November 14, 2025 To, To, BSE Limited National Stock Exchange of India Ltd. 1st Floor, New Trading Ring, Exchange Plaza, 5th Floor, Rotunda Building, Plot No. C/1, G block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Mumbai - 400 001. Bandra (E), Mumbai - 400 051. Scrip Code: 5132
Slide 2: Earnings Presentation Q2/H1-FY26
1 Earnings Presentation Q2/H1-FY26
Slide 3: Company Overview
2 Company Overview Among leading manufacturer of large 2 state of art manufacturing facilities 1.2 Million+ MTPA diameter pipes with 3 Decades of with 6 production lines Strategically presence in Pipe Industry Total installed capacity located units to cater export market API grade LSAW, HSAW, 35+ Ye
Slide 4: Journey So Far
3 Journey So Far • 2016: Commissioned 5,600 Ton Hydraulic JCO • 2001: Coating plant for PE & CTE coating established press at Gujarat Plant, developed in-house. 2025: with capacity of 2mn and 1.6mn sq.mtr. Respectively. • 2017: Commissioned Concrete weight • Installed an advanced Spiral Mill and PU
Slide 5: Experienced Management governed by a Strong Board
4 Experienced Management governed by a Strong Board Dr. Ramesh C. Mansukhani Mr. Nikhil Mansukhani Chairman Managing Director He is a first-generation entrepreneur with over four decade He is associated with Man Industries Ltd. after completing of industrial experience. As the driving force behind M
Slide 6: Manufacturing Facilities
5 Manufacturing Facilities • MAN Industries (India) Ltd. operates two advanced manufacturing facilities—one in Anjar, Kutch District, Gujarat and another in Pithampur, Madhya Pradesh—together spanning over ~182 acres. • With a combined manufacturing capacity exceeding 1.2 million tonnes per annum (T
Slide 7: New Initiative: Strategic Expansion In Saudi Arabia and Jammu
6 New Initiative: Strategic Expansion In Saudi Arabia and Jammu MAN Saudi MAN Stainless Steel Tubes Ltd H-SAW PIPES Stainless steel (Seamless pipes) 3,00,000 INR 6 bn Q4 FY26 22,000 INR 5.9 bn Q4 FY26 MTPA Project Cost Commercialization date MTPA Project Cost Commercialization date Rationale: Ration
Slide 8: Marquee Clientele across Globe
7 Marquee Clientele across Globe Domestic Clients International Clients
Slide 9: Accolades & Certifications
8 Accolades & Certifications
Slide 10: Financial Highlights
89 Financial Highlights EARNINGS PRESENTATION
Slide 11: Q2-FY26 Operational Highlights
10 Q2-FY26 Operational Highlights • Order Book Position: As of Q2-FY26, the Company commands a strong executable order book of around INR 4,750 crore for delivery over the next 6 to 9 months, supported by a healthy bid pipeline of more than INR 15,000 crore, providing continued revenue visibility. •
Slide 12: Quarterly Standalone Financial Performance
11 Quarterly Standalone Financial Performance *All figures reported in INR Millions, except for EPS Particulars Q2-FY26 Q2-FY25 YoY (%) Q1-FY26 QoQ (%) Revenue from Operations 7,816 8,050 (2.9)% 7,131 9.6% Other Income (128) 88 NA 350 NA Total Income 7,688 8,138 (5.5)% 7,481 2.8% Operating expenses
Slide 13: Half Yearly Standalone Financial Performance
12 Half Yearly Standalone Financial Performance *All figures reported in INR Millions, except for EPS Particulars H1-FY26 H1-FY25 Y-o-Y Revenue from Operations 14,947 15,369 (2.7)% Other Income 222 342 (35.1)% Total Income 15,169 15,711 (3.4)% Operating expenses 13,370 14,316 (6.6)% EBITDA* 1799 1,3
Slide 14: Quarterly Consolidated Financial Performance
13 Quarterly Consolidated Financial Performance *All figures reported in INR Millions, except for EPS Particulars Q2-FY26 Q2-FY25 YoY (%) Q1-FY26 QoQ (%) Revenue from Operations 8,341 8,062 3.5% 7,421 12.4% Other Income (193) 108 NA 315 NA Total Income 8,148 8,170 (0.3)% 7,736 5.3% Operating expense
Slide 15: Half Yearly Consolidated Financial Performance
14 Half Yearly Consolidated Financial Performance *All figures reported in INR Millions, except for EPS Particulars H1-FY26 H1-FY25 Y-o-Y Revenue from Operations 15,762 15,549 1.4% Other Income 122 308 (60.4)% Total Income 15,884 15,857 0.2% Operating expenses 14,059 14,534 (3.3)% EBITDA* 1,825 1,32
Slide 16: Historical Consolidated Income Statement
15 Historical Consolidated Income Statement *All figures reported in INR Millions, except for EPS Particulars FY23 FY24 FY25 H1-FY26 Revenue from Operations 22,313 31,422 35,054 15,762 Other Income 390 520 518 122 Total Income 22,703 31,942 35,572 15,884 Operating Expenses 20,943 29,010 32,039 14,05
Slide 17: Consolidated Balance Sheet
16 Consolidated Balance Sheet *All figures reported in INR Millions Particulars FY24 FY25 H1-FY26 Particulars FY24 FY25 H1-FY26 EQUITY AND LIABILITIES ASSETS Equity Share Capital 324 324 375 Non-Current Assets Other Equity 13,725 15,749 19,292 Property, Plant and Equipment 5,234 5,539 5,709 Sharehol
Slide 18: Quarterly Consolidated Financial Performance Trend
17 Quarterly Consolidated Financial Performance Trend *All figures reported in INR Millions, except for EPS Total Income* Gross Profit & Gross Profit Margin (%)* 12,339 2,592 2,015 2,151 2,128 8,170 7,736 8,148 1,833 7,375 29.2% 24.7% 23.7% 26.1% 21.0% Q2-FY25 Q3-FY25 Q4-FY25 Q1-FY26 Q2-FY26 Q2-FY25
Slide 19: Historical Consolidated Financial Performance
18 Historical Consolidated Financial Performance *All figures reported in INR Millions, except for EPS Total Income* Gross Profit & Gross Profit Margin (%)* 35,572 7,907 8,223 31,942 22,703 4,973 15,884 21.9% 24.8% 23.1% 3,961 24.9% FY23 FY24 FY25 H1-FY26 FY23 FY24 FY25 H1-FY26 EBITDA & EBITDA Margi
Slide 20: Capital Market Data
19 Capital Market Data 1 Year Stock Performance (up to 30th September, 2025) 40% 30% 20% 10% 0% -10% -20% -30% -40% -50% Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Man Industries Sensex Market Data (As on 30th September, 2025) Shareholding Pattern (As on 30th
Slide 21: Disclaimer
20 Disclaimer Man Industries Ltd. Disclaimer: No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in
Slide 22: Thank You
Oo MAN MA industries (india) Lta the line pipe people THANK YOU
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