Man Industries (India) Limited
Man Industries (India) Limited manufactures, processes, sells, and trades in submerged arc-welded pipes and steel products in India. The company offers longitudinal submerged arc-welded (LSAW) and helically submerged arc-welded (HSAW) line pipes, external coatings and internal linings, electro resistance-welded (ERW) pipes, and hot induction bends (HIB) pipes. It serves customers in the oil, gas,… Read more
Man Industries (India) Limited (MANINDS) - Net Assets
Latest net assets as of September 2025: ₹19.67 Billion INR
Based on the latest financial reports, Man Industries (India) Limited (MANINDS) has net assets worth ₹19.67 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹40.50 Billion) and total liabilities (₹20.84 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹19.67 Billion |
| % of Total Assets | 48.56% |
| Annual Growth Rate | 15.25% |
| 5-Year Change | 92.51% |
| 10-Year Change | 183.04% |
| Growth Volatility | 41.43 |
Man Industries (India) Limited - Net Assets Trend (2005–2025)
This chart illustrates how Man Industries (India) Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Man Industries (India) Limited (2005–2025)
The table below shows the annual net assets of Man Industries (India) Limited from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹16.07 Billion | +14.41% |
| 2024-03-31 | ₹14.05 Billion | +39.90% |
| 2023-03-31 | ₹10.04 Billion | +6.58% |
| 2022-03-31 | ₹9.42 Billion | +12.85% |
| 2021-03-31 | ₹8.35 Billion | +11.86% |
| 2020-03-31 | ₹7.46 Billion | +6.31% |
| 2019-03-31 | ₹7.02 Billion | +7.64% |
| 2018-03-31 | ₹6.52 Billion | +9.01% |
| 2017-03-31 | ₹5.98 Billion | +5.36% |
| 2016-03-31 | ₹5.68 Billion | +17.70% |
| 2015-03-31 | ₹4.82 Billion | -26.97% |
| 2014-03-31 | ₹6.61 Billion | +0.90% |
| 2013-03-31 | ₹6.55 Billion | +6.99% |
| 2012-03-31 | ₹6.12 Billion | +19.37% |
| 2011-03-31 | ₹5.13 Billion | +16.89% |
| 2010-03-31 | ₹4.39 Billion | +8.37% |
| 2009-03-31 | ₹4.05 Billion | +10.21% |
| 2008-03-31 | ₹3.67 Billion | +19.66% |
| 2007-03-31 | ₹3.07 Billion | +11.50% |
| 2006-03-31 | ₹2.75 Billion | +192.85% |
| 2005-03-31 | ₹939.83 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Man Industries (India) Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1365.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹9.86 Billion | 61.36% |
| Common Stock | ₹323.70 Million | 2.01% |
| Other Comprehensive Income | ₹3.09 Billion | 19.21% |
| Other Components | ₹2.80 Billion | 17.42% |
| Total Equity | ₹16.07 Billion | 100.00% |
Man Industries (India) Limited Competitors by Market Cap
The table below lists competitors of Man Industries (India) Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tongling Jieya Biologic Technology Co. Ltd.
SHE:301108
|
$150.86 Million |
|
Designer Brands Inc
NYSE:DBI
|
$150.86 Million |
|
Korea District Heating Corp
KO:071320
|
$150.86 Million |
|
Admicom Oyj
HE:ADMCM
|
$151.03 Million |
|
Tower Bersama Infrastructure Tbk PT
JK:TBIG
|
$150.74 Million |
|
Isik Plastik Sanayi ve Dis Ticaret Pazarlama AS
IS:ISKPL
|
$150.70 Million |
|
Dongwon F & B
KO:049770
|
$150.68 Million |
|
Zhubo Design
SHE:300564
|
$150.63 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Man Industries (India) Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 14,048,700,000 to 16,072,600,000, a change of 2,023,900,000 (14.4%).
- Net income of 1,531,700,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 52,243,000.
- Other factors increased equity by 439,957,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹1.53 Billion | +9.53% |
| Other Comprehensive Income | ₹52.24 Million | +0.33% |
| Other Changes | ₹439.96 Million | +2.74% |
| Total Change | ₹- | 14.41% |
Book Value vs Market Value Analysis
This analysis compares Man Industries (India) Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.72x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 24.98x to 1.72x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | ₹16.45 | ₹411.00 | x |
| 2006-03-31 | ₹48.18 | ₹411.00 | x |
| 2007-03-31 | ₹53.72 | ₹411.00 | x |
| 2008-03-31 | ₹64.27 | ₹411.00 | x |
| 2009-03-31 | ₹67.42 | ₹411.00 | x |
| 2010-03-31 | ₹73.26 | ₹411.00 | x |
| 2011-03-31 | ₹86.65 | ₹411.00 | x |
| 2012-03-31 | ₹107.13 | ₹411.00 | x |
| 2013-03-31 | ₹112.55 | ₹411.00 | x |
| 2014-03-31 | ₹115.65 | ₹411.00 | x |
| 2015-03-31 | ₹84.46 | ₹411.00 | x |
| 2016-03-31 | ₹99.41 | ₹411.00 | x |
| 2017-03-31 | ₹104.74 | ₹411.00 | x |
| 2018-03-31 | ₹114.17 | ₹411.00 | x |
| 2019-03-31 | ₹122.90 | ₹411.00 | x |
| 2020-03-31 | ₹130.66 | ₹411.00 | x |
| 2021-03-31 | ₹146.15 | ₹411.00 | x |
| 2022-03-31 | ₹162.54 | ₹411.00 | x |
| 2023-03-31 | ₹188.67 | ₹411.00 | x |
| 2024-03-31 | ₹223.55 | ₹411.00 | x |
| 2025-03-31 | ₹239.04 | ₹411.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Man Industries (India) Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.53%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.37%
- • Asset Turnover: 0.93x
- • Equity Multiplier: 2.35x
- Recent ROE (9.53%) is below the historical average (12.46%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 19.49% | 3.70% | 1.10x | 4.77x | ₹89.18 Million |
| 2006 | 12.73% | 4.03% | 1.17x | 2.70x | ₹75.18 Million |
| 2007 | 18.02% | 4.88% | 1.14x | 3.25x | ₹246.02 Million |
| 2008 | 19.67% | 4.77% | 1.16x | 3.56x | ₹354.86 Million |
| 2009 | 5.60% | 1.15% | 1.01x | 4.85x | ₹-169.35 Million |
| 2010 | 10.89% | 3.03% | 0.88x | 4.07x | ₹37.12 Million |
| 2011 | 50.67% | 15.22% | 0.77x | 4.30x | ₹2.01 Billion |
| 2012 | 11.62% | 4.06% | 1.04x | 2.75x | ₹98.84 Million |
| 2013 | 9.51% | 4.11% | 0.95x | 2.43x | ₹-32.37 Million |
| 2014 | 1.37% | 0.90% | 0.64x | 2.38x | ₹-570.38 Million |
| 2015 | 10.44% | 3.69% | 0.91x | 3.11x | ₹21.35 Million |
| 2016 | 14.67% | 5.99% | 1.12x | 2.19x | ₹265.04 Million |
| 2017 | 5.61% | 3.17% | 0.78x | 2.27x | ₹-262.54 Million |
| 2018 | 9.77% | 4.17% | 0.90x | 2.60x | ₹-15.27 Million |
| 2019 | 8.38% | 2.71% | 1.36x | 2.27x | ₹-113.66 Million |
| 2020 | 7.44% | 3.23% | 0.94x | 2.45x | ₹-191.33 Million |
| 2021 | 12.08% | 4.85% | 1.16x | 2.14x | ₹173.59 Million |
| 2022 | 10.78% | 4.75% | 1.18x | 1.93x | ₹73.63 Million |
| 2023 | 5.92% | 3.00% | 1.29x | 1.53x | ₹-461.89 Million |
| 2024 | 7.48% | 3.35% | 1.30x | 1.72x | ₹-353.43 Million |
| 2025 | 9.53% | 4.37% | 0.93x | 2.35x | ₹-75.56 Million |
Industry Comparison
This section compares Man Industries (India) Limited's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $4,217,519,364
- Average return on equity (ROE) among peers: 6.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Man Industries (India) Limited (MANINDS) | ₹19.67 Billion | 19.49% | 1.06x | $150.79 Million |
| Ankit Metal & Power Limited (ANKITMETAL) | $-7.85 Billion | 0.00% | 0.00x | $736.65K |
| APL Apollo Tubes Limited (APLAPOLLO) | $30.06 Billion | 21.36% | 0.95x | $3.97 Billion |
| Ashoka Metcast Limited (ASHOKAMET) | $209.48 Million | -0.93% | 0.37x | $1.74 Million |
| Bansal Wire Industries Ltd (BANSALWIRE) | $4.61 Billion | 15.96% | 1.74x | $84.61 Million |
| Bedmutha Industries Limited (BEDMUTHA) | $1.31 Billion | 0.53% | 1.71x | $8.22 Million |
| Bharat Wire Ropes Limited (BHARATWIRE) | $661.68 Million | 3.24% | 1.16x | $59.63 Million |
| Electrotherm (India) Limited (ELECTHERM) | $-12.22 Billion | 0.00% | 0.00x | $30.25 Million |
| Gallantt Ispat Limited (GALLANTT) | $20.83 Billion | 8.44% | 0.29x | $329.53 Million |
| Grand Foundry Limited (GFSTEELS) | $-88.23 Million | 0.00% | 0.00x | $1.30 Million |
| Goodluck India Limited (GOODLUCK) | $4.66 Billion | 16.10% | 1.69x | $164.47 Million |