Is Man Industries the Best Stock in Its Sector? A Look at the Numbers
- October 16, 2026
- Posted by: Ankit Jaiswal
- Category: Market
Man Industries CMP Rs 846 (16 Oct 2026). Market cap Rs 6,361 Cr. ROE 8.17%. P/E 31.13x versus Industry P/E 22.42x.
Quick Answer
Man Industries is one of the names investors compare when screening the Steel Pipes sector. Whether it is the best stock in its sector depends on whether an investor prioritises return ratios, valuation or balance sheet strength. This article sets it against two named peers and the sector benchmark so you can judge for yourself.
Is Man Industries the best stock in its sector? The stock trades on the NSE at Rs 846 as of 16 October 2026, within its 52-week range of Rs 302.05 to Rs 1,039.70. The sections below cover the business, the key ratios, a peer comparison and a closer look at valuation.
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About Man Industries
Man Industries (India) Ltd is a Mumbai headquartered manufacturer of large diameter steel pipes. Its pipes are used in oil, gas and water transmission lines, and the company also offers coating services, with manufacturing sites in Gujarat and Madhya Pradesh. At a market capitalisation of Rs 6,361 Cr, it is tracked as part of the Steel Pipes sector on Univest.
Is Man Industries the Best Stock in Its Sector?
Man Industries’ case in the sector rests on return quality rather than cheap valuation, since the stock trades at a premium to its Industry P/E. Man Industries’ 31.13x P/E is above the 22.42x Industry P/E, Skipper at 28.80x and Jamna Auto Industries at 25.61x, while its 8.17% ROE is lower than Skipper at 14.29% and Jamna Auto Industries at 20.14%, and its debt to equity ratio of 0.30 is below Skipper at 0.64, though above Jamna Auto Industries at 0.01.
| Metric | Man Industries |
|---|---|
| CMP (NSE) | Rs 845.80 |
| 52-Week High / Low | Rs 1,039.70 / Rs 302.05 |
| Market Cap | Rs 6,361 Cr |
| P/E (TTM) vs Industry P/E | 31.13x vs 22.42x |
| P/B | 3.06 |
| ROE | 8.17% |
| EPS (TTM) | Rs 27.24 |
| Dividend Yield | 0.00% |
| Debt to Equity | 0.30 |
Compare Man Industries Against Other Steel Pipes Sector Stocks
How Man Industries Compares Against Its Steel Pipes Sector Peers
The table below sets Man Industries against 2 other Steel Pipes sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.
| Company | Market Cap (Rs Cr) | P/E | ROE | Debt to Equity |
|---|---|---|---|---|
| Man Industries | 6,361 | 31.13 | 8.17% | 0.30 |
| Skipper | 6,470 | 28.80 | 14.29% | 0.64 |
| Jamna Auto Industries | 5,982 | 25.61 | 20.14% | 0.01 |
| Peer average (2 companies) | – | 27.20 | 17.21% | 0.33 |
Measured against the peer averages, Man Industries’ P/E is 14 percent above the 27.20x average, and its ROE is 9.04 percentage points below the 17.21% average. An average of just two companies is a rough guide, so treat the gap as a pointer for further research and not as a verdict.
What Makes Man Industries Worth Watching in Steel Pipes
- Scale: At Rs 6,361 Cr, its market capitalisation is larger than Jamna Auto Industries (Rs 5,982 Cr), though smaller than Skipper (Rs 6,470 Cr), which is a useful reminder that the peers differ in size as well as in valuation.
- Sector drivers: Pipeline projects for oil, gas and water, in India and overseas, along with the price of steel plate, decide its order book and margins.
- Key risk: Its ROE is below 10%, and the share has more than doubled from its 52-week low, so a P/E above the industry average rests on earnings improving further.
Man Industries Valuation: Is It Justified?
At a P/B ratio of 3.06, the market pays about Rs 3.06 for every rupee of book value, and the EPS (TTM) of Rs 27.24 is the earnings base behind the P/E. The stock trades about 19 percent below its 52-week high and about 2.8 times its 52-week low. The company does not currently show a dividend yield, so returns for shareholders depend mainly on the share price. As with any single stock, investors should weigh these figures against their own valuation discipline and risk appetite rather than the sector label alone.
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Download the Univest iOS App or Univest Android App to track Man Industries and other Steel Pipes sector stocks.
How to Track Man Industries Before You Invest
Before deciding whether Man Industries deserves its label as the best stock in its sector for your own portfolio, compare it directly against Steel Pipes sector peers using the steps below.
- Open the Univest Screener and search for Man Industries to view live price, valuation ratios, and peer comparisons within the Steel Pipes sector.
- Compare its P/E, P/B, and ROE against other Steel Pipes sector stocks before deciding if the current valuation fits your strategy.
- Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
- Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.
Conclusion
Man Industries gives investors a clear set of numbers to work with, from returns and valuation to leverage and peer standing. Whether it earns the label of best stock in Steel Pipes depends on how much weight you give each of them and on how the business executes from here. Because the stock trades above its sector benchmark, execution matters more than usual if the current valuation is to hold. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. 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).
Is Man Industries the best stock in its sector?
Ans. There is no single definitive answer, because the best stock in a sector depends on whether an investor is prioritising returns, valuation or balance sheet strength. Man Industries has an 8.17% ROE and trades at 31.13x P/E against a 22.42x Industry P/E. Against the 2 peers compared in this article, its ROE is below the 17.21% peer average and its P/E is above the 27.20x peer average. Its debt to equity ratio of 0.30 is below the 0.33 peer average, which matters because borrowing can inflate returns and add risk when business conditions weaken. These figures are best read together rather than in isolation, and they work as a starting point for your own research and not as a verdict.
What is the current share price of Man Industries?
Ans. Man Industries was trading at Rs 845.80 on the NSE as of 16 October 2026, and its 52-week range runs from Rs 302.05 to Rs 1,039.70. That leaves the share price 19 percent short of the 52-week high and 2.8 times the 52-week low. Its market capitalisation is Rs 6,361 Cr and its EPS (TTM) is Rs 27.24, which is the earnings figure behind the 31.13x P/E. Share prices change through the trading day, so check the live quote on Univest before acting on any number here.
What sector does Man Industries belong to?
Ans. Man Industries is classified under the Steel Pipes sector on Univest, and that group of listed companies is the reference point for the 22.42x Industry P/E used in this article. The 2 named peers compared here are Skipper and Jamna Auto Industries, chosen as comparable listed names so that the P/E, ROE and debt figures come from the same live data source. Investors who want a wider view can compare more Steel Pipes sector stocks on the Univest Screener, since no two companies in a sector have exactly the same business mix.
How does Man Industries compare to its sector peers on P/E?
Ans. Man Industries’ P/E of 31.13x is above the 27.20x average of the 2 named peers, with Skipper at 28.80x and Jamna Auto Industries at 25.61x. It also sits above the 22.42x Industry P/E, which is the benchmark for the wider Steel Pipes sector. A P/E that is above a peer average can reflect a valuation discount or premium, but it can also reflect different growth or return expectations, so it should be read alongside ROE and debt. Its P/B ratio of 3.06 gives one more view of how the market values its book value.
What is Man Industries’ return on equity?
Ans. Man Industries reported a return on equity of 8.17%, which is below the 17.21% average of its named peers, with Skipper at 14.29% and Jamna Auto Industries at 20.14%. ROE shows how much profit a company generates on every rupee of shareholders’ equity, so a higher figure generally points to more efficient use of capital. ROE is easier to trust when leverage is modest, and here the debt to equity ratio is 0.30 against a peer average of 0.33. It is worth checking whether the ROE has been stable over several years rather than relying on a single reading.
Should I invest in Man Industries based on its sector position?
Ans. Sector position is only one input into an investment decision. Man Industries has an 8.17% ROE and a 31.13x P/E, which make it worth researching further, and its dividend yield is 0.00%. You should also weigh its business outlook, earnings consistency, debt levels, your investment horizon and your own risk appetite before buying. Spreading money across several stocks and sectors reduces concentration risk, and this article is educational content, not investment advice. For personalised guidance, consult a SEBI-registered advisor.
