Man Industries (India) Valuation Multiples

Discover Man Industries (India)'s revenue and EBITDA valuation multiples and M&A history.

Man Industries (India) Overview

About Man Industries (India)

Man Industries (India) Ltd isengaged in the business of manufacturing, processing and trading of submerged arc welded steel pipes and steel products. It offers the product which includes LSAW HSAW, Coating, ERW, and HIB. In addition, it also caters to its international clients in the oil and gas industry, petrochemicals, water, dredging, fertilizers and part of infrastructure projects.


Founded

1988

HQ

India

Employees

796

Financials (LTM)

Revenue: $459M
EBITDA: $60M

EV

$430M

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Man Industries (India) Financials

Man Industries (India) reported last 12-month revenue of $459M and EBITDA of $60M.

In the same LTM period, Man Industries (India) generated $188M in gross profit, $60M in EBITDA, and $21M in net income.

Revenue (LTM)


Man Industries (India) P&L

In the most recent fiscal year, Man Industries (India) reported revenue of $413M and EBITDA of $53M.

Man Industries (India) is profitable as of last fiscal year, with gross margin of 34%, EBITDA margin of 13%, and net margin of 4%.

See analyst estimates for Man Industries (India)
LTMLast FY202320242025202620272028
Revenue$459M$413M$303M$355M$371M
Gross Profit$188M$140M$52M$62M$121M
Gross Margin41%34%17%18%33%
EBITDA$60M$53M$25M$32M$45M
EBITDA Margin13%13%8%9%12%
EBIT Margin10%9%6%7%9%
Net Profit$21M$18M$10M$15M$17M
Net Margin4%4%3%4%5%
Net Debt-$33M---

Financial data powered by Morningstar, Inc.

Man Industries (India) Stock Performance

Man Industries (India) has current market cap of $443M, and enterprise value of $430M.

Market Cap Evolution


Man Industries (India)'s stock price is $5.90.

Man Industries (India) share price decreased by 3.8% in the last 30 days, and increased by 24.4% in the last year.

Man Industries (India) has an EPS (earnings per share) of $0.24.

See more trading valuation data for Man Industries (India)
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$430M$443M-0.9%-3.8%5.8%24.4%$0.24

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Man Industries (India) Valuation Multiples

Man Industries (India) trades at 0.9x EV/Revenue multiple, and 7.1x EV/EBITDA.

See NTM and 2027E valuation multiples for Man Industries (India)

EV / Revenue (LTM)


Man Industries (India) Financial Valuation Multiples

As of July 14, 2026, Man Industries (India) has market cap of $443M and EV of $430M.

Man Industries (India) has a P/E ratio of 21.5x.

LTMLast FY202320242025202620272028
EV/Revenue0.9x1.0x1.4x1.2x1.2x
EV/EBITDA7.1x8.0x17.2x13.3x9.5x
EV/EBIT9.7x11.2x24.8x16.8x12.2x
EV/Gross Profit2.3x3.1x8.3x6.9x3.6x
P/E21.5x24.7x44.0x29.9x25.4x
EV/FCF(13.4x)28.5x192.6x(134.4x)53.0x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Man Industries (India) Margins & Growth Rates

Man Industries (India) grew revenue by 38% and EBITDA by 44% in the last fiscal year.

In the most recent fiscal year, Man Industries (India) reported gross margin of 34%, EBITDA margin of 13%, and net margin of 4%.

See estimated margins and future growth rates for Man Industries (India)

Man Industries (India) Margins

Last FY202420252026202720282029
Gross Margin34%18%33%36%
EBITDA Margin13%9%12%13%
EBIT Margin9%7%9%10%
Net Margin4%4%5%5%
FCF Margin4%(1%)2%(21%)

Man Industries (India) Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth38%17%5%41%
Gross Profit Growth48%21%94%57%
EBITDA Growth44%29%40%55%
EBIT Growth52%47%38%51%
Net Profit Growth54%47%18%44%
FCF Growth(1089%)(243%)(354%)(1438%)

Data powered by FactSet, Inc. and Morningstar, Inc.

Man Industries (India) Operational KPIs

Man Industries (India)'s revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.1M for the same period.

Man Industries (India)'s Rule of 40 is 54% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Man Industries (India)'s Rule of X is 115% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Access forward-looking KPIs for Man Industries (India)
LTMLast FY202320242025202620272028
Rule of 4045%54%---
Bessemer Rule of X92%115%---
Revenue per Employee-$0.5M---
Opex per Employee-$0.1M---
S&M Expenses to Revenue--7%6%6%
G&A Expenses to Revenue--1%1%1%
Opex to Revenue-25%11%10%23%

Data powered by FactSet, Inc. and Morningstar, Inc.

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Man Industries (India) Competitors

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E

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Acquisitions by Man Industries (India)

Man Industries (India) has acquired 1 company to date.

Last acquisition by Man Industries (India) was on May 20th 2026. Man Industries (India) acquired National Pipe Company for $102M (EV/Revenue multiple available to Pro users).

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Latest Acquisitions by Man Industries (India)

National Pipe Company
Description
National Pipe Company is a manufacturer and supplier of longitudinal and helical pipes.
HQ CountrySaudi Arabia
HQ City
Dammam
Deal Date20 May 2026
Valuation$102M
EV/Revenue
EV/EBITDA

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About Man Industries (India)

When was Man Industries (India) founded?Man Industries (India) was founded in 1988.
Where is Man Industries (India) headquartered?Man Industries (India) is headquartered in India.
How many employees does Man Industries (India) have?As of today, Man Industries (India) has over 796 employees.
Is Man Industries (India) publicly listed?Yes, Man Industries (India) is a public company listed on National Stock Exchange of India.
What is the stock symbol of Man Industries (India)?Man Industries (India) trades under MANINDS ticker.
When did Man Industries (India) go public?Man Industries (India) went public in 2005.
Who are competitors of Man Industries (India)?Man Industries (India) main competitors include
What is the current market cap of Man Industries (India)?Man Industries (India)'s current market cap is $443M.
What is the current revenue of Man Industries (India)?Man Industries (India)'s last 12 months revenue is $459M.
What is the current revenue growth of Man Industries (India)?Man Industries (India) revenue growth (NTM/LTM) is 31%.
What is the current EV/Revenue multiple of Man Industries (India)?Current revenue multiple of Man Industries (India) is 0.9x.
What is the current EBITDA of Man Industries (India)?Man Industries (India)'s last 12 months EBITDA is $60M.
What is Man Industries (India)'s EBITDA margin?Man Industries (India)'s last 12 months EBITDA margin is 13%.
What is the current EV/EBITDA multiple of Man Industries (India)?Current EBITDA multiple of Man Industries (India) is 7.1x.
What is the current FCF of Man Industries (India)?Man Industries (India)'s last 12 months FCF is ($32M).
What is Man Industries (India)'s FCF margin?Man Industries (India)'s last 12 months FCF margin is (7%).
What is the current EV/FCF multiple of Man Industries (India)?Current FCF multiple of Man Industries (India) is (13.4x).
How many companies Man Industries (India) has acquired to date?As of July 2026, Man Industries (India) has acquired 1 company.
What was the largest acquisition by Man Industries (India)?$102M acquisition of National Pipe Company on 20th May 2026 was the largest M&A Man Industries (India) has done to date.
What companies Man Industries (India) acquired?Man Industries (India) acquired National Pipe Company.
In how many companies Man Industries (India) has invested to date?Man Industries (India) hasn't invested in any companies yet (or none have been disclosed publicly).

Lists including Man Industries (India)

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