Man Industries rises after bagging new orders worth Rs 1,000 crore

In a regulatory filing made before market hours today, the company said that Man Industries (India) (MIIL) and National Pipe Company (NPC), step-down subsidiary of the company situated in Saudi Arabia have received new orders of approximately Rs 300 crore and approximately Rs 700 crore, respectively.

These orders are expected to be delivered within 6 - 9 months.

Accordingly, the company's consolidated unexecuted order book stands at approximately Rs 4,100 crore.

These orders reflect the robust business environment and showcase the trust of the customers they have in the technological and executional capabilities of MIIL and NPC.

Man Industries India (MIIL) is one of the largest SAW pipe players in India with combined capacity of 11.75 lakh tonne per annum, distributed equally between helically submerged arc welded (HSAW) and longitudinal submerged arc welded (LSAW) and electric resistance welded (ERW).

The company had reported a 25.39% decline in consolidated net profit to Rs 50.85 crore on a 5.02% drop in revenue from operations to Rs 1,157.30 crore in Q4 FY26 over Q4 FY25.

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