The country’s leading pipe company has received an order worth Rs 1000 crore, its share price has doubled in the last two and a half months. Man Industries News: Pipe sector giant’s silver, huge orders worth Rs 1,000 crore, shares made investors rich – ..

Pipe manufacturing sector giant Man Industries (India) Ltd has once again made its presence felt in the market. The company has informed the stock exchange that it and its Saudi Arabia-based subsidiary have received new orders totaling Rs 1,000 crore. After this news, huge enthusiasm is being seen among the investors. The company’s growing order book is an indication that its financial results may see further strength in the coming times.

Complete mathematics of Rs 1,000 crore order

According to the information given by the company, these orders are divided into two major parts:

• MAN INDUSTRIES (INDIA) LTD: The company has directly received pipe supply orders worth about Rs 300 crore.

• National Pipe Company Limited (NPC): Man Industries’ Saudi Arabia-based step-down subsidiary has received mega orders worth Rs 700 crore. The company has clarified that the deadline for completing all these orders has been set for the next 6 to 9 months, which will ensure continuity in the company’s revenue.

‘Multibagger’ made for investors

Shares of Man Industries have left no stone unturned in making investors rich. In a short span of just two and a half to three months, this stock has almost doubled the money of its investors. The share price which was around Rs 330 in April, has touched a spectacular high of Rs 623 in June. Currently the stock is trading around the level of Rs 539. Strong fundamentals and continuous large orders have made it a favorite stock of the market.

Record order book of Rs 4,100 crore

After the addition of these new orders, the size of the consolidated unexecuted order book of Man Industries has now increased to Rs 4,100 crore. The company management says that this huge order book not only proves the technical proficiency of the company in the market, but also reflects the unwavering trust of the customers at the international level. The growing reputation of MAN Industries in the pipe sector and the big projects it is getting through its subsidiary in Saudi Arabia are opening up avenues for further growth for the company in the future.