Man Industries shares surge over 11% as order book swells to ₹4,100 crore

Man Industries shares jumped over 11% on Thursday after the company said it had secured fresh orders worth approximately ₹600 crore from domestic and international customers.

The orders are for the supply of various types of pipes and are expected to be executed over the next six to nine months. Following the latest wins, the company’s total unexecuted order book stands at around ₹4,100 crore.

The latest order inflow adds to the strong momentum seen in the company’s business. In June, Man Industries and its Saudi Arabia-based step-down subsidiary Pipe Company Ltd. had won orders worth ₹1,000 crore cumulatively, with ₹300 crore coming to Man Industries and ₹700 crore to Pipe Company. Those orders were also scheduled for execution within six to nine months.

The fresh wins come as Man Industries enters FY27 with a much stronger earnings profile. The company reported its highest-ever standalone quarterly PAT in Q1FY27, while consolidated EBITDA also reached a record high.

Consolidated revenue from operations rose 37.7% year-on-year to ₹1,065 crore, marking the company’s strongest year-on-year revenue growth in five quarters. Consolidated EBITDA jumped 92.6% to ₹155 crore, while profit after tax more than doubled to ₹61 crore.

The improvement reflects stronger operating momentum across the business, as the company continues to expand its footprint in both India and overseas markets.

Man Industries is a major manufacturer of large-diameter carbon steel line pipes and coating systems used largely in the oil and gas sector. Its Saudi expansion has also become an important part of its growth strategy. The company acquired 100% of Pipe Company in May for around ₹1,000 crore, adding 430,000 tonnes per annum of pipe-making capacity in Saudi Arabia.

With fresh orders now adding to an already sizeable execution pipeline, the company is looking to carry this momentum through the rest of FY27.