Man Industries (india) Limited · NSE:MANINDS
Man Industries (india) — Investor Presentation (March 2025)
17 slides from Man Industries (india)'s investor presentation, Mar 17, 2025
Slide 1: Regulation 30 announcement cover letter to exchanges
17th March, 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: 51326
Slide 2: Investor Presentation
MAN Industries (India) Ltd the line pipe people
Slide 3: Safe Harbour
Safe Harbour Except for the historical information contained herein, statements in this presentation and the subsequent discussions, which include words or phrases such as “will”, “aim”, “will likely result”, “would”, “believe”, “may”, “expect”, “will continue”, “anticipate”, “estimate”, “intend”, “
Slide 4: Corporate Overview
Corporate Overview Man Industries (India) Ltd incorporated in the year 1988. The main business line includes manufacturing & coating of Large Diameter Carbon steel pipes, and ERW tubes. Man Industries is a prominent player in the league of world-class Line Pipes and Coating Systems manufacturers in
Slide 5: Existing product Categories
Existing product Categories Product – visual Company Product Category Key USPs Applications overview High-Pressure 16"-56" OD/6-55mm L-SAW lines, used in Oil & WT/ 12.2 Mtr length Gas Projects 18"-140" OD/6.4- High-Pressure H-SAW 25.4mm WT/ 18 lines, used in Water Mtr length Transport Projects MAN I
Slide 6: Capacity and Geographic Expansion
Capacity and Geographic Expansion Existing Capacity: Capacity (k tons per year) Capacities: SAW Pipe SS Seamless API/ERW Total 1.2 MnT Current Capacity* 1,050 0 175 1,225 Upcoming: Green Field Expansion: Jammu (Greenfield) 0 20 0 20 Saudi 400 0 0 400 0.2 MnT Total 1,450 20 175 1,645 Strategic High V
Slide 7: Q3FY25 at a Glance
Q3FY25 at a Glance 02 ₹7,375 Mn* ₹843 Mn 11.4% Manufacturing Total Revenue EBITDA EBITDA Margin (%) Facilities 3.2 times ₹262 Mn ₹341 Mn ₹454 Mn Interest coverage Finance Cost Net profit Cash profit Note: Sales Volume * Includes Otheris not a parameter Income, since since it’s nature of business ope
Slide 8: 9MFY25 at a Glance
9MFY25 at a Glance 02 ₹23,232 Mn* ₹2,166 Mn 9.3% Manufacturing Total Revenue EBITDA EBITDA Margin (%) Facilities 3.3 times ₹647 Mn ₹850 Mn ₹1,198 Mn Interest coverage Finance Cost Net profit Cash profit * Includes Other Income, since it’s operational in nature 7
Slide 9: Strategic Greenfield Expansion- Jammu
Strategic Greenfield Expansion- Jammu Product Product – visual Company Key USPs Applications Category overview Chemical, Defence, 33.4-127 mm SS Seamless Marine, Food Processing, OD/1.2-7mm WT/ 8 Mother Pipe High temperature Mtr length Application MAN Stainless Steel Tubes Limited Heat exchangers, S
Slide 10: Rationale: Green Field In Jammu - SS Seamless Tubes
Rationale: Green Field In Jammu • To grab the Govt incentives in Jammu SS SEAMLESS TUBES • 3x of investment in Plant & Machineries would be paid back in 10 years tenure in form of GST credit • 6% subsidy on interest cost • Tax rate of 15% • Higher operating margin of 20-25% is expected • Lower Elect
Slide 11: Strategic Expansion (Line Pipe & Coating Mill in Saudi)
Strategic Expansion (Line Pipe & Coating Mill in SAUDI) Product Visual overview Company Category Key USPs Applications 18"-140" OD/6- High-Pressure lines, H-SAW 25mm WT/ 18.2 used in Water Transport Mtr length Projects MAN Saudi 16"-56" OD/6-55mm High-Pressure lines, used L-SAW WT/ 12.2 Mtr length i
Slide 12: Rationale: Line Pipe & Coating Mill in Saudi
Rationale: Line Pipe & Coating Mill in SAUDI • Higher infra push and new cities would require higher demand of Water transportation and larger dia pipes for structural applications as well • To achieve higher productivity on massive O&G demand • Higher Capacity Utilization • To stabilize and protect
Slide 13: Key Financial Performance
Key Financial Performance
Slide 14: Quarterly Performance
Quarterly Performance (Rs Mn) Revenue Adjusted EBITDA 843 8,330 791 727 745 8,107 8,062 579 7,487 7,319 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Adjusted EBITDA Margin (%) PAT 11.4% 341 9.5% 9.2% 306 319 9.0% 7.7% 241 191 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q3FY24 Q4FY24
Slide 15: Financial Performance
Financial Performance (Rs Mn) Revenue Adjusted EBITDA 31,422 2,932 22,313 2,359 20,802 21,386 2,177 17,593 1,845 1,760 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 EBITDA Margin (%) PAT 11.3% 1,016 1,051 10.5% 10.2% 1,008 9.3% 7.9% 670 555 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 Note:
Slide 16: Financial Performance
Financial Performance Asset Turnover (x) ROCE (%) 17% 8.1 15% 7.5 14% 14% 7.1 5.9 5.4 9% FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 Net Working Capital Days Interest coverage ratio (x) 3.6 96 3.0 84 2.2 58 2.1 1.8 34 32 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 15 Note: Capital employ
Slide 17: Thank You
Thank You
Man Industries (India) — Investor Presentation (March 2025) on 6ix