Ashish Kacholia inventory jumps 3% after firm acquired export order value ₹ 505 Cr


Shares of this smallcap firm jumped upto 3 % in Tuesday’s buying and selling session after receiving an export order value Rs. 505 crores. In a single 12 months, the shares have delivered a multibagger return of 186 % to its shareholders. 

With a market capitalization of Rs. 2,356 crores, the shares of Man Industries (India) Ltd began Tuesday’s buying and selling session on a decrease observe at Rs. 371.40 in comparison with its earlier shut of Rs. 372.75. Throughout the buying and selling session, the shares hit a excessive of Rs. 387.80, gaining round 3 % and closed the day at Rs. 370 apiece. 

In keeping with the trade submitting, Man Industries acquired new export orders for the provision of varied sorts of Pipes of roughly Rs.505 crores and the orders as to be executed within the subsequent 6 to eight months. As of twenty first Could 2024, the corporate has a complete unexecuted order guide at roughly Rs. 2,100 crores. 

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Wanting on the firm’s monetary statements, the income decreased by 18 % from Rs. 1,018 crores in the course of the September quarter to Rs. 833 crores within the December quarter. Alternatively, the web income declined by 21 % from Rs. 39 crores to Rs. 31 crores throughout the identical interval. 

In keeping with the most recent shareholding sample, Ace Investor Mr Ashish Kacholia purchased a recent stake within the firm’s shares in the course of the current quarter by buying roughly 13.62 lakh fairness shares equal to 2.1 % and the present holding worth of his funding quantities to Rs. 49.6 crores. 

The corporate has three state-of-the-art manufacturing amenities with 2 amenities situated in Anjar, Gujarat having 2 LSAW line Pipe items and a pair of HSAW Line Pipe items, 1 ERW unit and in addition for varied sorts of Anti-Corrosion Coating Methods and 1 facility in Pithampur, Madhya Pradesh, having a complete put in capability of over greater than 1.15 Mn MTPA. 

Furthermore, the corporate has already accomplished one spherical of capex, which has added 1.5 million tonnes every year (mtpa) new capability to its present 10 mtpa. 

Moreover, Man Industries has a powerful world attain. It has provided to marquee home and worldwide shoppers resembling GAIL, IOCL, HPCL, BPCL, ONGC, Reliance, Adani, SHELL, Kinder Morgan, Kuwait Oil Firm, Hyundai Engineering and Development Ltd., and lots of extra. 

Moreover, the corporate can also be bidding for hydrogen pipe initiatives in Europe and has excellent bids for big export orders. 

Headquartered in Maharashtra, Man Industries (India) was included in 1988. The corporate is without doubt one of the largest Producers and Exporters of LSAW and HSAW pipes in India with a complete put in capability of 1 million tonnes. The corporate is among the many main producers of large-diameter pipes with 3 A long time of presence within the Pipe Business. 

Written By Vaibhav Patil 


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