New orders worth about Rs 1,000 crores; order book at Rs 4,100 crores

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MANINDS · price

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

Price reaction · full curve 14 horizons · vs prior close

-0.8%1-day move

₹593.50

prior close

₹620.00

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-1.3-3.1-3.5-2.6-0.8+0.9-0.1-0.1-4.4-2.0-4.9-10.0——

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AI summary

Man Industries and its Saudi step-down subsidiary NPC have bagged new orders of about Rs 1,000 crores (Rs 300 crores for MIIL, Rs 700 crores for NPC) for supply of pipes to domestic and international customers. Deliveries are expected in 6-9 months. With this, the consolidated unexecuted order book rises to about Rs 4,100 crores, providing strong revenue visibility.

Likely market impact

Positive. Large order wins strengthen near-term revenue and earnings visibility over the next 6-9 months.