Man Industries (India) Limited
Momentum (100/100) does the heavy lifting; financial trend (9/100) is the drag.
Buy zoneSolvency riskOur blended model reads Man Industries (India) Limited as a Sell at 40/100. On 22.7x trailing earnings it sits roughly in line with the Basic Materials median of about 22.2x. It's trading right at its 52-week high of ₹1,020.35. Financial health scores 26/100, in the grey band on the Altman Z-score, with a Piotroski F-score of 3/9. The average analyst target of ₹690 implies about 32% downside across 1 analysts. It clears 5 of 14 investability checks, with durability 38, valuation 65 and momentum 100 on our 0–100 scales.
Analysis by Ankit Sharma · StocksWizard's own estimates from end-of-day public data — see how we calculate them. For information only, not investment advice.
With a 20% margin of safety, our buy-below price is ₹408.14.
Analyst views
1-year price
EOD · 2026-09-2552-week range
+0.00% from the 52-week high.
Price above both moving averages reads as an intact uptrend; below both, the trend is against you.
Verdict pillars
Sell40Piotroski F-score 3/9 — quality of earnings & balance sheet.
Our scores
Durability rewards strong, low-debt, profitable businesses; Valuation rewards stocks cheap vs their sector; Momentum rewards strong price trends.
Investability checklist
- Fail: ROE above 15%: 9.2%
- Pass: Low debt (D/E < 0.5): 0.30x
- Pass: Positive free cash flow
- Fail: Revenue growth > 10%: -5%
- Fail: Earnings growing: -21%
- Fail: Net margin ≥ 10%: 4.8%
- Fail: Current ratio > 1.5: 1.36
- Fail: Below our fair value
- Fail: Margin of safety ≥ 20%
- Pass: Above 200-day average
- Pass: Above 50-day average
- Pass: Positive 1-year return
- Fail: Altman Z in safe zone: Z 2.02
- Fail: Piotroski ≥ 7: 3/9
Quarterly results
Annual financials
Shareholding
- Promoter57.5%
- Institutions0.7%
- Public & other41.8%
Promoter holding via insider stake; institutional via reported holdings.
Key fundamentals
Bull case vs bear case
Bull case
Strengths
- Lightly leveraged balance sheet.
- Trading near its 52-week high.
- Up 140% over the past year.
Opportunities
- Trading in our value buy zone versus sector peers.
Bear case
Weaknesses
- Weak Piotroski score (3/9).
Threats
- Earnings contracting year on year.
- Trades ~50% above our estimated fair value.
About Man Industries (India) Limited
Man Industries (India) manufactures and trades submerged arc-welded pipes and steel products for the oil, gas, petrochemical, water, dredging, and fertilizer sectors. The company produces longitudinal and helical submerged arc-welded line pipes, electro resistance-welded pipes, hot induction bends pipes, and offers external coatings and internal linings.
Man Industries (India) Limited — frequently asked questions
Is Man Industries (India) Limited a buy, hold or sell?
StocksWizard currently rates Man Industries (India) Limited (MANINDS) a Sell, based on a blended score of 40/100 across valuation, quality, momentum and price trend. This is our own model-based view, not investment advice.
What is Man Industries (India) Limited's fair value?
Our blended DCF and relative-valuation model estimates Man Industries (India) Limited's fair value at about ₹510.18, versus a current price of ₹1,020.35 — roughly 50% downside. On that basis the stock looks overvalued by 50%.
Is Man Industries (India) Limited financially healthy?
Man Industries (India) Limited scores 26/100 on our financial-health model, placing it in the grey band on the Altman Z-score, with a Piotroski F-score of 3/9.
How has Man Industries (India) Limited's share price performed?
Man Industries (India) Limited is up 140% over the past year and up 75% over three months, and last traded at ₹1,020.35. Past performance doesn't predict future returns.
More in Basic Materials
View allOur verdict, fair value, financial-health and checklist are StocksWizard's own estimates, computed from public end-of-day data using standard models (DCF, relative valuation, Altman Z, Piotroski). For information only — not investment advice or a recommendation. Verify independently before investing.