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Man Industries: Higher order book provides better revenue visibility

Investors of Man Industries should watch out for oil prices and increased spending in water infrastructure

April 09, 2021 / 09:02 PM IST
Man Industries: Higher order book provides better revenue visibility

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PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Man Industries (India) Ltd (MIIL; CMP: Rs 79; Market Capitalisation: Rs 453crore) is one of the leading manufacturers of SAW pipes, with over three decades of experience. MIIL has an installed capacity of 1 MTPA, of which 5 lakh tonnes each are for HSAW and LSAW pipes. MIIL’s manufacturing plants are strategically located at Anjar (Gujarat) and Pithampur (Madhya Pradesh). They are well connected by rail, road and ports. Both the facilities, put together, are spread across 150 acres. MIIL has...

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