Man Industries (India) Ltd

📈 Man Industries: FY26 Revenue Up 10.8%, EBITDA Margin +360 bps

- Standalone revenue: ₹34,552 Mn, up 10.8% YoY (prev yr ₹31,182 Mn)

- Standalone EBITDA margin: 14.0% (prev yr 10.4%, +360 bps)

- Standalone PAT: ₹1,958 Mn, margin 5.6% (up 42.8% YoY)

- Acquired NPC: USD 102 Mn, 430,000 MT capacity, USD 120 Mn order book

- NPC CY2025 revenue: SAR 792.7 M (USD 211.4 M), EBITDA margin 24.8%

- Dammam Coating Plant: 4.0 Mn sq.m, production target March 2027

- Jammu pipe plant: 22,000 MTPA, capex ₹350 Crs of ~₹600 Cr, production March 2027

- Revenue CAGR target: 20-25% over 5 years, EBITDA margin target 15%

- NPC debt-free: USD 83.0 M cash, net worth USD 158.6 M

- Consolidated revenue: ₹35,639 Mn