Man Industries (India) Limited
CMP : 56.6 FY 2016 EPS 14.5
Company website : http://www.mangroup.com/#
Man Industries (India) Ltd. is a member of the Man Group of India Incorporated in 1988.
It is a leading manufacturer and exporter of large diameter Carbon Steel Line Pipes for various high pressure transmission applications for Gas, Crude Oil, Petrochemical Products and Potable Water. The Company has state-of-the-art manufacturing facilities for LSAW & HSAW Line Pipes and also for various
types of Anti-Corrosion Coating Systems.
MIIL has state-of-the-art manufacturing facilities located at Anjar in Gujarat and Pithampur in Madhya
Pradesh spread over 200 acres of land for Longitudinal Submerged Arc Welded (LSAW) & Helically Submerged Arc Welded (HSAW) Line Pipes and also for various types of Anti-Corrosion Coating Systems.
The total installed capacity is upto 1 million tonne - 50% in LSAW and balance 50% in HSAW are
located at Anjar in Gujarat and Pithampur in Madhya Pradesh. The plants are situated at prime strategic locations in the vicinity of the ports. MIIL has 7 MW windmills in Gujarat.
Historical Data in a nutshell
442 Cr Debt equal to a debt equity ratio of 0.91
Decline in crude prices furher could hamper any potential pipeline capacity expansion and E&P projects denting demand for pipes.
, any volatility in steel prices may affect the company’s profitability as HR coils account for 70% of the total cost of raw materials.
Decline in plate prices used to manufacture LSAW plates could erode the cost competitiveness of HSAW pipes, whose capacity has been expanded.
Any delay in order execution could affect MAN’s earnings.
Disclosure : Added a Tracking Position