Usha Martin vs Pennar Industries vs Man Industries: Which Stock Should You Track
- September 28, 2026
- Posted by: Neeraj Pandey
- Category: Market
Usha Martin PE 31.18, mkt cap Rs 15,822 crore. Pennar Industries PE 17.59, mkt cap Rs 2,503 crore. Man Industries India PE 37.50, mkt cap Rs 7,663 crore.
Quick Answer
Usha Martin vs Pennar Industries vs Man Industries India is a side-by-side comparison of three companies from the Steel Wire, Pipes and Tubes space. On this comparison, Usha Martin carries a market capitalisation of about Rs 15,822 crore against Rs 2,503 crore for Pennar Industries and Rs 7,663 crore for Man Industries India, with return on equity of 14.11%, 11.93% and 8.17% respectively. Each company’s numbers are presented here without a declared better pick, since the right stock depends on an investor’s own criteria.
Usha Martin vs Pennar Industries vs Man Industries India starts with the core numbers most investors compare within the Steel Wire, Pipes and Tubes segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.
All three names sit in the Steel Wire, Pipes and Tubes bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.
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Usha Martin, Pennar Industries and Man Industries India: Company Overview
Usha Martin is a listed Indian company in the Steel Wire, Pipes and Tubes space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Pennar Industries is a listed Indian company in the Steel Wire, Pipes and Tubes space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Man Industries India is a listed Indian company in the Steel Wire, Pipes and Tubes space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Usha Martin vs Pennar Industries vs Man Industries India: Valuation and Profitability Snapshot
| Metric | Usha Martin | Pennar Industries | Man Industries India |
|---|---|---|---|
| Market Cap (approx.) | Rs 15,822 crore | Rs 2,503 crore | Rs 7,663 crore |
| PE Ratio (TTM) | 31.18 | 17.59 | 37.50 |
| PB Ratio | 4.79 | 2.13 | 3.67 |
| Return on Equity (ROE) | 14.11% | 11.93% | 8.17% |
| EPS (TTM, Rs) | 16.65 | 10.50 | 27.24 |
| Dividend Yield | 0.72% | 0.00% | 0.00% |
| Debt to Equity | 0.07 | 1.00 | 0.30 |
| Book Value per Share (Rs) | 108.35 | 86.53 | 278.17 |
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On valuation, Usha Martin trades at a PE of 31.18 and a PB of 4.79, Pennar Industries at a PE of 17.59 and a PB of 2.13, while Man Industries India trades at a PE of 37.50 and a PB of 3.67. On return on equity, the three post 14.11%, 11.93% and 8.17% respectively, and on dividend yield they stand at 0.72%, 0.00% and 0.00%.
Usha Martin vs Pennar Industries vs Man Industries India: Latest Quarterly Results
| Company | Latest Quarter Revenue | Latest Quarter Net Profit | YoY Change (Revenue) | QoQ Change (Revenue) |
|---|---|---|---|---|
| Usha Martin | Rs 1,041.56 crore | Rs 142.04 crore | +15.4% | +3.5% |
| Pennar Industries | Rs 884.55 crore | Rs 35.50 crore | +3.6% | -5.3% |
| Man Industries India | Rs 1,064.96 crore | Rs 61.43 crore | +37.7% | -8.6% |
Quarterly figures above are the most recent reported quarter for each company (Q1 FY27, quarter ended June 2026), compared with the year-ago and preceding quarter.
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What Should Investors Look at Beyond These Numbers?
Beyond the metrics above, investors comparing these three steel wire, pipes and tubes names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.
Conclusion
Usha Martin vs Pennar Industries vs Man Industries India highlights how differently three companies in the same steel wire, pipes and tubes segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information as of September 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Usha Martin vs Pennar Industries vs Man Industries India
What is the market cap difference between Usha Martin, Pennar Industries and Man Industries India?
Ans. As of September 2026, Usha Martin has a market cap of approximately Rs 15,822 crore, Pennar Industries is at approximately Rs 2,503 crore, and Man Industries India is at approximately Rs 7,663 crore.
Which of the three has the highest PE ratio?
Ans. Among Usha Martin, Pennar Industries and Man Industries India, the PE ratios stand at 31.18, 17.59 and 37.50 respectively as of September 2026.
Which of the three has the highest ROE?
Ans. Usha Martin, Pennar Industries and Man Industries India post ROE of 14.11%, 11.93% and 8.17% respectively as of September 2026.
Which of these three stocks pays the highest dividend yield?
Ans. Usha Martin, Pennar Industries and Man Industries India carry dividend yields of 0.72%, 0.00% and 0.00% respectively.
What is the debt to equity ratio for Usha Martin, Pennar Industries and Man Industries India?
Ans. Usha Martin carries a debt to equity of 0.07, Pennar Industries of 1.00, and Man Industries India of 0.30.
Which of the three trades at the highest price to book value?
Ans. Usha Martin, Pennar Industries and Man Industries India trade at price to book ratios of 4.79, 2.13 and 3.67 respectively.
Is one of Usha Martin, Pennar Industries or Man Industries India better than the others?
Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor’s own criteria and research.
