MA
NSE:MANINDS·Basic Materials·Verified
Man Industries (India) Limited
₹582.55
-14.55(-2.44%)Day range₹579.80 – ₹600.00
52-week range₹302.05 – ₹623.70
Mkt Cap
4,370 Cr
P/E (TTM)
25.07
P/B
2.03
Div Yield
0.00%
Open / Prev
600.00 / 597.10
From 52W High
−6.60%
From 52W Low
+92.87%
Day Range
579.80–600.00
Preview · MANINDS
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Briefing
Man Industries (India) Limited — the brief
Man Industries (India) Limited (MANINDS) trades on the NSE at ₹582.55 with a market capitalisation of 4,370 Cr. Classified under Basic Materials · Steel.
Auditor’s report (CARO 2020)
Auditor’s assessment Serious flags. Auditor: A Sachdev & Co. Opinion: Unqualified. Fiscal year FY25. 2 critical, 4 material, 0 minor flags.
- Short-term funds used for long-term purposes: Man Stainless Steel Tubes (subsidiary) borrowed short-term funds meant for immediate use and deployed them for long-term capital projects, creating potential liquidity timing mismatch.
- Related-party transactions not approved by Audit Committee: Man Stainless Steel Tubes conducted material related-party transactions (₹289 lakhs) before the Audit Committee was constituted, bypassing mandatory approval controls.
- Cash losses in current and prior year: Man Stainless Steel Tubes reported consecutive years of operational cash losses (₹205.64 lakhs in FY25, ₹83.02 lakhs in FY24), signalling sustained negative cash generation from operations.
- SEBI forensic audit and show-cause notice pending: The holding company faces an unresolved regulatory investigation by SEBI with a settlement application pending in court, creating uncertainty around potential penalties or enforcement actions.
“We observed that transactions as listed in Table A below were not approved by the Audit Committee as the Audit committee was formed on 13th October,2024.”
Forensic signal
From the company's own filingsSignal dossierMANINDS
1
Momentum
-2.44%2
52-Week
87% of range3
Valuation
P/E 25.1×4
Yield
0.00%5
Size
4,370 CrStrong: 52-Week · Weak: Momentum · Yield
87%
14%