Man Industries won new orders worth ₹300 crore, while National Pipe Company won orders worth ₹700 crore. The same are to be delivered within six to nine months, the company said in its exchange filing.
Man Industries reported its fourth quarter earnings last month. While its net profit and revenue declined, its earnings before interest, tax, depreciation and amortization (EBITDA) and margin increased.
The company’s net profit declined 25.4% to ₹50.9 crore from ₹68.2 crore last year.
Its revenue declined 5% to ₹1,157.3 crore from ₹1,218.5 crore in the fourth quarter last year.
Its EBITDA increased 4.5% to ₹139.7 crore from ₹133.7 crore in the previous year.
Its margin expanded to 12.1% from 11% in the year-ago period.
Who Owns Stake In Man Industries?
As per the March quarter shareholding pattern, promoters of Man Industries had a 43.21% stake in the company.
Among the public shareholders, Mutual Funds do not own any stake in the company, while Carnelian Structural Shift Fund, classified as an Alternate Investment Fund, had a 1.02% stake.
Foreign Portfolio Investors (FPIs) also had a 2.4% stake in the company.
Close to 50,000 small retail shareholders, or those with authorized share capital of up to ₹2 lakh, had a 18.8% stake in the company.
Dalal Street investors Ashish Kacholia, and Vikas Khemani had a 3.04% and 2.39% stake in the company at the end of the March quarter respectively.
Shares of Man Industries gained as much as 5% after the order win announcement but is off those highs. The stock is currently trading 2% higher at ₹604.35. The stock has gained 9% in the last one month and has risen 55% so far this year.
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