Man Industries (India) shares hit a new high of ₹974.40, surging 15% on Wednesday's intra-day trade amid heavy volume on the BSE. According to reports from Business Standard, the stock surpassed its previous high of ₹945 touched on September 10, 2026. The stock has rallied 29% in September 2026 and zoomed 92% from its July low of ₹507.55. Most significantly, it skyrocketed 222% from its February low of ₹302.30, demonstrating strong momentum across multiple timeframes.
Ace investors Ashish Kacholia (3.04% stake) and Vikas Vijaykumar Khemani (2.39% stake) collectively held a 5.43% stake in Man Industries at the end of June 2026 quarter, as reported by Business Standard. Anil Laxmichand Shah and Hiten Dilip Bhatia held 1.04% and 1.41% stake respectively. At 12:20 PM, Man Industries quoted 13% higher at ₹957.55, compared to a 0.57% rise in the BSE Sensex. The average trading volume jumped nearly two-fold with a combined 5.84 million shares changing hands on the NSE and BSE.
According to reports from Business Standard, Man Industries announced new orders worth approximately ₹600 crore from domestic and international clients for supply of various types of pipes on September 10, 2026. These orders are expected to be delivered within 6-9 months. The total unexecuted order book stood at approximately ₹4,100 crore, providing strong revenue visibility over the next six to twelve months. The company begins FY26-27 with a healthy standalone order book of approximately ₹3,000 crore.
As reported by Business Standard, Man Industries marked its entry into Saudi Arabia through the acquisition of National Pipe Company (NPC), giving the company an established, Aramco-approved manufacturing base. The company also announced its inclusion in QatarEnergy's Preferred Manufacturers List (PML) for Carbon Steel Longitudinally Submerged Arc Welded (LSAW) pipes, coating, and bends. The Merino Shelters project has achieved a significant milestone with the receipt of the Commencement Certificate for 2 million sq. ft., with management expecting project launch and cash-flow generation to commence from Mid-September 2026.
According to Business Standard, Man Industries management believes it is well poised to grow at a 22-25% CAGR over the next 3-4 years, with margin expansion of 150-200 basis points over the same period. The company is supported by a healthy order pipeline, expanding manufacturing capabilities, a robust balance sheet and growing opportunities in domestic and international markets. Construction of the Jammu Greenfield stainless-steel seamless pipe facility is progressing as planned, with production expected by March 2027, opening an exciting new avenue for growth from FY27-28 onwards.
