Man Industries (India) Limited

Capital Goods

NSE: MANINDS BSE: 513269

₹907.35

Sept. 30, 2026 · NSE · nse_bhavcopy

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹7,161 Cr

EV / EBITDA

12.6x

EV / Sales

1.91x

Market cap / Sales

1.81x

Earnings yield

3.66%

Quarterly Financials

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Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 1,028 Cr, up 37.5% YoY.

↑ Positive

Quarterly Net Profit

Jun 2026 quarterly net profit is Rs 78 Cr, up 167.6% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	1,010	104	78	₹10.3900
March 31, 2026	1,157	95	70	₹9.7400
Dec. 31, 2025	804	82	61	₹8.4500
Sept. 30, 2025	782	48	36	₹4.6200
June 30, 2025	713	39	29	₹4.3600
March 31, 2025	850	57	40	₹6.3200
Dec. 31, 2024	731	50	38	₹5.7200
Sept. 30, 2024	805	46	35	₹5.4200
June 30, 2024	732	32	24	₹3.7300
March 31, 2024	778	25	17	₹2.8600
Dec. 31, 2023	830	50	37	₹6.1800
Sept. 30, 2023	1,008	58	43	₹7.2300
June 30, 2023	464	15	12	₹1.9800

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	1,028	1,175	817	769	748	888	745	814	757	796	851	1,031	468
Operating revenue	1,010	1,157	804	782	713	850	731	805	732	778	830	1,008	464
Other income	18	18	13	-13	35	37	15	9	25	18	21	23	4
Operating expenses	871	1,003	677	670	667	786	659	736	695	732	766	936	417
Operating profit	139	154	127	112	46	64	72	69	36	46	65	72	47
Operating profit margin	13.7%	13.3%	15.7%	14.3%	6.4%	7.6%	9.9%	8.6%	5.0%	6.0%	7.8%	7.1%	10.1%
Depreciation	21	22	20	21	12	10	11	10	12	15	15	15	15
Interest	32	55	38	30	30	35	26	21	18	24	20	22	21
Exceptional items, gain / (loss)	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit before tax	104	95	82	48	39	57	50	46	32	25	50	58	15
Tax	26	24	21	12	10	17	13	11	8	8	13	15	3
Net profit	78	70	61	36	29	40	38	35	24	17	37	43	12
EPS	10.39	9.74	8.45	4.62	4.36	6.32	5.72	5.42	3.73	2.86	6.18	7.23	1.98
Net profit (TTM)	245	196	166	143	142	137	114	114	122	110	119	119	69
EPS (TTM)	33.20	27.17	23.75	21.02	21.82	21.19	17.73	18.19	20.00	18.25	19.87	19.75	11.44

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	3,455	263	196
March 31, 2025	3,118	186	137
March 31, 2024	3,080	149	110
March 31, 2023	2,092	90	67

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	18.0%	10.7%	3,508^†	3,204^†	3,146^†	2,133^†	2,131^†	2,106^†	1,776^†	2,236^†	1,630^†	1,137^†
Operating revenue	18.2%	10.7%	3,455	3,118	3,080	2,092	2,094^†	2,075^†	1,759^†	2,215^†	1,572^†	1,060^†
Other income	—	—	53^†	86^†	66^†	40^†	37^†	31^†	17^†	21^†	58^†	77^†
Operating expenses	—	—	3,017^†	2,876^†	2,850^†	1,957^†	1,914^†	1,870^†	1,593^†	2,038^†	1,450^†	983^†
Operating profit	47.8%	16.4%	438^†	242^†	230^†	136^†	180^†	205^†	166^†	178^†	123^†	78^†
Operating profit margin	—	—	12.7%^†	7.8%^†	7.5%^†	6.5%^†	8.6%^†	9.9%^†	9.5%^†	8.0%^†	7.8%^†	7.3%^†
Depreciation	—	—	76^†	43^†	60^†	45^†	45^†	46^†	52^†	46^†	39^†	40^†
Interest	—	—	153^†	99^†	87^†	41^†	37^†	53^†	64^†	65^†	43^†	39^†
Exceptional items, gain / (loss)	—	—	0^†	0^†	0^†	0^†	0^†	0^†	-2^†	0^†	-4^†	0^†
Profit before tax	43.2%	14.0%	263	186	149	90	135^†	136^†	64^†	87^†	95^†	43^†
Tax	—	—	67^†	48^†	39^†	22^†	33^†	36^†	10^†	30^†	32^†	11^†
Net profit	42.8%	14.2%	196	137	110	67	101^†	101^†	54^†	57^†	63^†	33^†
EPS	34.3%	9.0%	27.17^†	21.19^†	18.25^†	11.21^†	17.73^†	17.62^†	9.46^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	12.7%^†	7.8%^†	7.5%^†	6.5%^†	8.6%^†	9.9%^†	9.5%^†	8.0%^†	7.8%^†	7.3%^†
EBIT margin	12.0%^†	9.1%^†	7.7%^†	6.2%^†	8.2%^†	9.1%^†	7.3%^†	6.9%^†	8.7%^†	7.8%^†
PBT margin	7.6%	5.9%	4.8%	4.3%	6.4%^†	6.6%^†	3.6%^†	3.9%^†	6.0%^†	4.1%^†
Net margin	5.7%	4.4%	3.6%	3.2%	4.8%^†	4.8%^†	3.1%^†	2.6%^†	4.0%^†	3.1%^†
Interest coverage	2.72x^†	2.87x^†	2.71x^†	3.18x^†	4.61x^†	3.59x^†	1.99x^†	2.33x^†	3.20x^†	2.11x^†
Dividend payout	0.0%^†	0.0%^†	11.0%^†	17.8%^†	0.0%^†	11.4%^†	26.4%^†	—	—	—
Earnings retention	100.0%^†	100.0%^†	89.0%^†	82.2%^†	100.0%^†	88.6%^†	73.6%^†	—	—	—
Current ratio	1.33x	1.34x	—	—	—	—	—	—	—	—
Quick ratio	0.80x	0.85x	—	—	—	—	—	—	—	—
Debt to equity	0.23x	0.25x	—	—	—	—	—	—	—	—
Return on equity	10.2%	9.7%	—	—	—	—	—	—	—	—
Return on assets	4.3%	3.9%	—	—	—	—	—	—	—	—
Return on capital employed	18.4%^†	17.8%^†	—	—	—	—	—	—	—	—
Asset turnover	0.76x	0.90x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	293	-540	183	64	228
March 31, 2025	29	111	-142	94	-65
March 31, 2024	299	-251	84	94	206
March 31, 2023	-112	-126	187	199	-311
March 31, 2022	438	-109	-267	36	402

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	4,545	1,922	1,885	195	238	3,038	2,288	79	571	1,212
March 31, 2025	3,472	1,419	1,386	216	137	2,513	1,869	159	499	932
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.