Man Industries shares skyrocket nearly 11% post this mega order; here’s everything you need to know

The order entails supplying various types of coated pipes to a respected international customer, with execution expected within the next 6 to 12 months, the company said in a regulatory filing.

As of 12:29 pm, the stock was trading 8.19% higher at ₹420.85 per equity share.

Furthermore, the order involves value-added SAW pipes with advanced coatings, offering higher realisations and strong margins, it added.

With this new order, Man Industries’ total unexecuted order book reached a record high of ₹4,700 crore, with exports contributing more than 80% of the order book.

Additionally, the company is actively bidding for over 15,000 crore worth of line pipe projects across domestic and international markets.

Here's what Man Industries management said on ₹1,700 crore order

Commenting on the order win, Nikhil Mansukhani, Managing Director of MAN Industries, said: “This prestigious order is a strong reaffirmation of our technological leadership, global credibility, and unwavering commitment to product excellence and timely execution.”

He further added that the company is confident about sustaining the momentum throughout the year and remains on track to deliver the guided 20% topline growth for FY26, while continuing to serve both domestic and international markets with distinction.

“In parallel, our expansion projects in Saudi Arabia and Jammu are progressing well, which will further strengthen our global footprint, enable synergistic product diversification, and expand domestic capacity to meet the rising demand,” Mansukhani stated.

Man Industries' stock trend

The share gained 5.45% over the week but lost 4.22% over the month. It surged 6.7% and 56.09% over three and six months, respectively. On a year-to-date basis, the scrip advanced 27.79%.

While the stock reached a 52-week high of ₹468 on July 30, 2025, it hit a year’s low of ₹201.55 apiece on March 3, 2025.

Man Industries has a total market capitalisation of ₹3,173.65 crore, as of September 3, 2025, according to data on the NSE.