Ashish Kacholia Stock Jumps 7% After Securing ₹550 Cr Order for Pipe Supply

Synopsis: Man Industries jumped sharply after the company secured new pipe supply orders worth approximately Rs 550 crore from both domestic and international clients.

The shares of this company, which is one of the largest Manufacturers and Exporters of LSAW and HSAW pipes in India, are in focus after it secured a key order from domestic and internation client. In this article, we will dive more into the details of it. 

With a market capitalisation of Rs 2,590 crore, the shares of Man Industries (India) Ltd reached a day’s high of Rs 375.55 per share, up 7 percent from its previous day’s closing price of Rs 351.45 per share. Over the past five years, the stock has delivered a robust return of 314 percent, outperforming NIFTY 50’s return of 77 percent.As of Q2 FY26, Ashish Kacholia holds a 3.04  percent in this company.

About the order

Man Industries (India) Ltd, through a stock exchange filing, announced that it has secured new pipe supply orders worth approximately Rs.550 crore. These orders have been received from both domestic and international clients, and the company expects to complete and deliver them within the next six months. This indicates that the core pipes division is seeing strong business momentum.

With this latest order, the company’s total pending (unexecuted) order book has risen to around Rs 4,600 crore. Management states that this reflects a robust business environment and demonstrates customer confidence in the company’s manufacturing, delivery, and technical capabilities. 

Financials

The revenue from operations for Man Industries stands at Rs 834 crores in Q2 FY26 compared to Q2 FY25 revenue of Rs 806 crores, up by 3 per cent YoY. Additionally, on a QoQ basis, it reported a growth of 12 percent from Rs 742 crore. 

Coming down to its profitability, the company’s net profit stood at Rs 37 crore in Q2 FY26, up from Rs 32 crore in Q2 FY25, which is a growth of 16 percent YoY. Additionally, on a QoQ basis, it reported a net profit of Rs 28 crore, which is a growth of 32 percent.

Man Industries (India) Ltd., part of the MAN Group, is one of the top Indian companies that produces heavy-gauge carbon steel pipes of large diameters. The pipes are utilised primarily in the areas of oil, gas, and infrastructure industries. The company has a total installed capacity of over 1.2 million MTPA and has a strong clientele network, including Reliance Industries, Gail, BHEL, etc.

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