Man Industries (india) Limited · NSE:MANINDS
Man Industries (india) — Q1 FY27 Earnings Presentation
26 slides from Man Industries (india)'s earnings presentation, Aug 12, 2026
Slide 1: Regulation 30 Announcement Cover Letter
August 12, 2026 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: 513269
Slide 2: Earnings Presentation Q1 FY27
1 Earnings Presentation Q1 FY27
Slide 3: Disclaimer
2 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 all events not current after the
Slide 4: Table of Contents
3 Table of Contents 01 Company Overview 02 Key Strategic Priorities 03 Financial Highlights 3
Slide 5: Company Overview
4 Company Overview 4
Slide 6: Company at a glance
5 Company at a glance Manufacturing Excellence. Built to Scale. Robust Growth Trajectory FY22 FY26 CAGR – 13.4% 3 1.6Mn+ MTPA* ₹2,178 Cr ₹3,592 Cr Decades of API grade LSAW, HSAW, ERW, Revenue Revenue experience Coating CAGR – 21.0% 3 Present across ₹218 Cr ₹468 Cr State of the art 30+ EBITDA EBITDA
Slide 7: A Business Built for Scale
6 A Business Built for Scale EXPANDING FOOTPRINT, UNLOCKING CAPACITY ACROSS INDIA AND SAUDI ARABIA OPERATING TODAY 1 1.2Mn+ MTPA 2 430,000 MTPA India pipe capacity National Pipe Company (NPC) Saudi Arabia, acquired pipe capacity › Anjar (Gujarat) and Pithampur (M.P.) › 250k MT HSAW + 180k MT LSAW ›
Slide 8: Global Presence, Manufacturing Footprint & Offices
7 Global Presence, Manufacturing Footprint & Offices MP National Pipe Company
Slide 9: Key Strategic Priorities
8 Key Strategic Priorities 8
Slide 10: Expanding Our Global Footprint: Acquisition of National Pipe Company
9 Expanding Our Global Footprint: Strategic Acquisition of National Pipe Company (NPC) – Saudi Arabia Q1 FY27 financials reflect only 40 days of NPC's contribution, following completion of 100% acquisition on 21st May 2026 and hence Contribution from NPC in Q1 was lower given the limited 40-day peri
Slide 11: Why Acquisition Is Better Than Greenfield
10 Why Acquisition Is Better Than Greenfield MAN's build-vs-buy analysis for entering the Saudi market , the numbers behind acquiring NPC instead of building a greenfield mill. ACQUIRE V/S GREENFIELD: WHY ACQUISITION WAS THE RIGHT CALL FOR MAN ACQUIRE NPC — THE ROUTE TAKEN GREENFIELD SETUP — THE ROU
Slide 12: How this Acquisition Creates Value
11 How this Acquisition Creates Value Post-acquisition, NPC's 430,000 MTPA capacity offers significant headroom for The Dammam coating & utilization gains as throughput double-joint facility will enable ramps up on the existing asset Delivers cost synergies through us to offer value-added base, fixe
Slide 13: Saudi Arabia Market - Six Programs Anchoring Long-Term Pipe Demand
12 Saudi Arabia Market - Six Programs Anchoring Long-Term Pipe Demand 1 2 3 Master Gas System Expansion Jafurah Unconventional Gas NEOM & Red Sea Utilities New cities and giga-projects require Aramco-led large-diameter transmission and One of the world's largest shale gas extensive utility distribut
Slide 14: What's Driving Global Demand for Large-Diameter Pipe
13 What's Driving Global Demand for Large-Diameter Pipe Structural investment across energy, water, and industrial infrastructure is driving large-diameter pipe demand well beyond any single market or project cycle. 1 2 3 4 Energy Security & Diversification Water & Desalination Industrial Diversific
Slide 15: Regional Opportunity & the Post-Conflict Outlook
14 Regional Opportunity & the Post-Conflict Outlook MAN's addressable market spans its home base in India and its export footprint across Saudi Arabia, the wider GCC, MENA, and Africa, each anchored by large, multi-year infrastructure programmes. 1 2 3 4 India (Home Market) Saudi Arabia & GCC Wider
Slide 16: Jammu Plant Update
15 Jammu Plant Update Greenfield stainless steel seamless pipe facility - status as of Q1 FY27. CAPACITY CAPEX INCURRED (TILL Q1 FY27) PRODUCTION TIMELINE 22,000 MTPA ₹350Crs Mar 2027 Stainless steel seamless pipe, a new, higher- Against a total planned capex of ~₹600 Cr for Production starting Marc
Slide 17: Merino Shelters: Monetization of Non-Core Assets
16 Merino Shelters: Monetization of Non-Core Assets Real Estate Monetization 6 Acres land 30% Rs.70 Cr Rs. 80-120 Cr Opp. D.Y Patil Stadium, Company’s share of Upfront amount received Annual Cashflow Navi Mumbai profit in sale of after the JDA in Q4FY25 from FY28 developed area Joint Development Agr
Slide 18: Financial Highlights
17 Financial Highlights 17
Slide 19: Quarterly Consolidated Financial Performance Trend
18 Quarterly Consolidated Financial Performance Trend *All figures reported in INR Crore, except for EPS Total Income* Gross Profit & Gross Profit Margin (%)* 6,269 1,166 1,065 774 815 839 3,820 3,409 53.8% 1,833 2,128 40.6% 35.9% 23.7% 26.1% Q1-FY26 Q2-FY26 Q3-FY26 Q4-FY26 Q1-FY27 Q1-FY26 Q2-FY26 Q
Slide 20: Historical Consolidated Financial Performance
19 Historical Consolidated Financial Performance *All figures reported in INR Crore, except for EPS Total Income* Gross Profit & Gross Profit Margin (%)* 3,525 3,593 13,639 3,194 2,270 7,907 7,905 38.0% 4,973 21.9% 24.8% 22.4% FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 EBITDA & EBITDA Margins (%)* PAT
Slide 21: Quarterly Standalone Financial Performance
20 Quarterly Standalone Financial Performance *All figures reported in INR Crore, except for EPS Particulars Q1-FY27 Q1-FY26 YoY (%) Q4-FY26 QoQ (%) Revenue from Operations 1,010 713 +41.7% 1,157 (12.7%) Other Income 18 35 (48.6%) 18 0% Total Income 1,028 748 +37.4% 1,175 (12.5%) Operating expenses
Slide 22: Annual Standalone Financial Performance
21 Annual Standalone Financial Performance *All figures reported in INR Crore, except for EPS Particulars FY26 FY25 Y-o-Y Revenue from Operations 3,455 3,118 10.8% Other Income 53 54 (2.0)% Total Income 3,508 3,172 10.6% Operating expenses 3,016 2,842 6.1% EBITDA* 493 331 48.9% EBITDA Margins (%) 14
Slide 23: Quarterly Consolidated Financial Performance
22 Quarterly Consolidated Financial Performance *All figures reported in INR Crore, except for EPS Particulars Q1-FY27 Q1-FY26 YoY (%) Q4-FY26 QoQ (%) Revenue from Operations 1,053 742 +41.9% 1,157 (9.0%) Other Income 12 32 -62.5% 8 +50.0% Total Income 1,065 774 +37.6% 1,166 (8.7%) Operating expense
Slide 24: Annual Consolidated Financial Performance
23 Annual Consolidated Financial Performance *All figures reported in INR Crore, except for EPS Particulars FY26 FY25 Y-o-Y Revenue from Operations 3,564 3,505 1.7% Other Income 29 20 43.2% Total Income 3,593 3,525 1.9% Operating expenses 3,125 3,169 (1.4)% EBITDA* 468 356 31.3% EBITDA Margins (%) 1
Slide 25: Consolidated Balance Sheet
24 Consolidated Balance Sheet *All figures reported in INR Crore Particulars FY24 FY25 FY26 Particulars FY24 FY25 FY26 EQUITY AND LIABILITIES ASSETS Equity Share Capital 32.4 32.4 37.5 Non-Current Assets Other Equity 1,373 1,575 2,049 Property, Plant and Equipment 523 554 655 Right-of-use Assets 16
Slide 26: Thank You
THANK YOU Investor Relations Contact: Company Contact: Mr. Vijay Gyanchandani Sakshi Shah DGM - Investor Relations Email: sakshis@goindiaadvisors.com Contact no.: +91 9619438448 Email: Vijay.gyanchandani@maninds.org Nikhar Arora Mr. Rahul Rawat Email: Nikhar@goindiaadvisors.com Company Secretary Ema
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