Ashish Kacholia holds 3.04% & Rs 4,600 crore order book: Pipes company receives orders worth Rs 550 crore

Man Industries (India) Limited, a leading global supplier of API-grade large-diameter carbon steel pipes, has secured new domestic and international orders valued at approximately Rs 550 crore. According to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company confirmed that orders for various pipe types are scheduled for execution within the next six months. This latest win bolsters the company’s total unexecuted Order Book to roughly Rs 4,600 crore, underscoring strong market demand and client confidence in their technological and executional expertise.

About the Company

Founded in 1970 by the Mansukhani family, MAN Industries (India) Ltd. has established itself as a global leader and exporter of large-diameter carbon steel line pipes, specialising in LSAW & HSAW pipes, ductile iron pipes and advanced coating systems. The company, a flagship of the MAN Group, operates two ISO-certified, world-class facilities in India with a combined capacity exceeding 1.2 million tonnes per annum (MTPA). Currently, MAN Industries is executing a significant Rs 1,200 crore expansion project to enter the high-value stainless-steel seamless pipe segment and is also establishing a new international plant in Dammam, Saudi Arabia, further cementing its role as a trusted supplier for major oil & gas companies and infrastructure developers across more than 30 countries.

Man Industries Ltd has a market cap of over Rs 2,600 crore and the current unexecuted order book as of today stands at Rs 4,600 crore. An Ace Investor, Ashish Kacholia, owns a 3.04 per cent stake in the company as of September 2025. The stock has a low of 16x whereas the industry PE is 22x with multibagger returns of 345 per cent in just 3 years.

Disclaimer: The article is for informational purposes only and not investment advice.