Man Industries Latest Updates

Latest Contract Wins & Order Book In September 2025, Man Industries secured a massive ₹1,700 crore export order for coated pipes, pushing its total unexecuted order book to an all-time high of approximately ₹4,751 crore. This follows a record-breaking ₹1,850 crore offshore project awarded in July 2024 and another ₹250 crore order in February 2025. Over 80% of the current order book is driven by export markets, particularly for high-value API-grade line pipes used in the oil and gas sectors. Strategic Expansion & Saudi Arabia Entry A major strategic shift occurred in November 2025, when the company signed a five-year MoU with Aramco Asia India. The agreement explores establishing a state-of-the-art steel pipe manufacturing facility in Saudi Arabia. This move aims to localize production for the Middle Eastern and GCC markets. Additionally, the company has incorporated two new subsidiaries in the UAE to handle pipe coating and investment activities, while a new greenfield project in Jammu is reportedly in the construction phase with machinery already arriving on site. Financial Performance For Q2 FY2025-26 (ending September 2025), Man Industries reported a consolidated revenue of ₹834 crore, a slight 3.5% increase year-on-year. However, profitability showed stronger growth, with Net Profit rising 16.1% YoY to ₹36.98 crore. Management has reaffirmed guidance for roughly 20% revenue growth for the full fiscal year 2026, supported by high capacity utilization and the heavy export order flow.