Man Industries (India) Limited has informed the Exchange about Investor Presentation
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Man Industries (India) Limited announced acquisition of 100% stake in National Pipe Company Limited (NPC), Saudi Arabia for USD 102 million (~INR 1,000 crores). The deal is financed via USD 70 million debt and USD 32 million equity. NPC has 430,000 MT annual capacity (HSAW + LSAW pipes), USD 83 million cash reserves, zero debt, and USD 120 million order book. NPC generates USD 211 million revenue with 24.8% EBITDA margin and 18.1% PAT margin. The acquisition provides immediate entry into Saudi Arabia's regulated O&G supply chain with 20+ year Aramco approval, aligning with Saudi Vision 2030 infrastructure spending of USD 1 trillion+ through 2030.
The acquisition is expected to structurally re-rate consolidated EBITDA margins from sub-10-12% to 15-17% band, with INR 8,500 crore combined revenue potential by FY2030. KSA operations may contribute 45-50% of consolidated revenue, reducing India concentration risk. The deal is immediately EBITDA accretive at 1.5x EV/EBITDA versus peer average of 9.5x.