Man Industries (India) Limited has informed the Exchange regarding Board meeting held on May 12, 2025.

Profit growth above 25%Emphasis of matterRelated-party transactionsContingent liabilities increasedResults View source PDF Explain this filing

MANINDS · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+20.0%Reaction day

₹261.89

prior close

₹286.85

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+4.6%+15.4% vs market

Iron & Steel Products peers, median of 84sector+4.5%+15.5% vs sector

On the reaction day the stock moved 15.4 pts more than Nifty Microcap 250 and 15.5 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+4.6

10m

+8.1

15m

+8.8

30m

+9.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+20.0+4.6+15.4+4.5+15.5

Next day

+29.4+6.3+23.0+5.1+24.2

+23.0+8.1+14.9+7.5+15.5

+26.7+9.1+17.6+7.5+19.2

+26.0+10.0+16.0+9.2+16.8

+24.9+11.3+13.6+9.6+15.3

+28.7+11.0+17.7+8.9+19.8

15d

+54.2+13.3+40.9+8.9+45.3

+43.5+15.3+28.2+11.5+32.0

+57.9+17.0+40.9+14.1+43.7

+50.8+11.4+39.4+9.2+41.6

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 84Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The Board of Directors of Man Industries (India) Limited approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2025. Standalone revenue from operations grew modestly to Rs 3,11,822 lakhs (vs Rs 3,08,010 lakhs in FY24, ~1.2% growth), while net profit jumped to Rs 13,712 lakhs from Rs 10,974 lakhs, a growth of about 25% year-on-year. Q4FY25 was particularly strong with net profit of Rs 4,033 lakhs, more than double the Rs 1,725 lakhs in Q4FY24. The company reported an order book of approximately Rs 2,500 crores to be executed over 6-12 months. The auditor issued an Unmodified Opinion on standalone results, but a Modified Opinion on consolidated results. The auditor highlighted key matters including disputed trade receivables of Rs 9,078.84 lakhs, an ongoing SEBI forensic audit and show cause notice, and a Ministry of Corporate Affairs (MCA) notice under Section 206(5) regarding various non-compliances. The Board also approved the transfer of its stake in Man International Steel Industries to another wholly owned subsidiary, and noted the resignation of Non-Executive Director Mrs. Heena Vinay Kalantri effective March 31, 2025.

Likely market impact

Positive on profitability front with 25% PAT growth and strong Q4 performance, supported by a healthy Rs 2,500 crore order book. However, the Modified Opinion on consolidated results, ongoing SEBI forensic audit, MCA notice, and disputed receivables of over Rs 90 crore are concerns that may weigh on investor sentiment.