Ashish Kacholia lost Rs 6,76,42,912 in just 1 day from this multibagger small-cap stock after announcing Q1FY26 results
DSIJ Intelligence-1Categories: Multibaggers, Trending
The stock gave multibagger returns of 370 per cent in just 3 years and a whopping 710 per cent in 5 years.
On Tuesday, one of the Top Losers on BSE & NSE, shares of Man Industries (India) Ltd, plunged 11.2 per cent to Rs 395.15 per share from its previous closing of Rs 443.65 per share. The stock’s 52-week high is Rs 469.95 per share and its 52-week low is Rs 201.45 per share. The shares of the company saw a spurt in volume by more than 6 times on the BSE.
Founded in 1970 by the Mansukhani Family, MAN Industries (India) Ltd has evolved into a leading global manufacturer and exporter of large diameter carbon steel line pipes, specialising in LSAW, HSAW, and ERW technologies, alongside advanced pipe coating solutions. With ISO certifications reflecting its commitment to quality and sustainability, the company supplies critical infrastructure for high-pressure transmission systems across various sectors, including oil & gas and city gas distribution, both domestically and internationally. Operating two state-of-the-art facilities in India with a combined capacity of over 1.18 million tonnes per annum, MAN Industries is now expanding its global footprint and diversifying its product portfolio by entering into stainless-steel seamless pipe manufacturing and establishing a new plant in Dammam, Saudi Arabia, with a capital expenditure of approximately Rs 1,200 crore, to tap into high-growth opportunities.
MAN Industries (India) Ltd showed a fall of 1 per cent YoY in revenue to Rs 742.1 crore and 45 per cent year-on-year growth in consolidated Profit After Tax (PAT). This significant improvement is attributed to better operational efficiency and a favourable mix of products and geographies. Although export volumes in Q1FY26 were affected by shipping delays due to the Iran-Israel conflict, the impacted shipments are now en route and are expected to be included in the current quarter's results.
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Looking ahead, the company's greenfield expansion projects in Saudi Arabia and Jammu are on track for commissioning in Q3/Q4 FY26, which will significantly boost MAN Industries' global manufacturing capacity and market presence. MAN Industries reaffirms its FY26 revenue growth guidance of 20 per cent, driven by strong expected momentum in the second half of the fiscal year. This optimism is based on a robust production schedule for H2FY26 and consistent new orders, which are set to increase capacity utilization and strengthen the company's position in high-growth markets, especially in the Middle East.
Man Industries Ltd has a market cap of over Rs 2,700 crore and the current unexecuted order book as of today stands at Rs 3,200 crore, which will be executed within the next 6 to 8 months with a total bid book of Rs 15,000 crore, indicating strong demand visibility and revenue growth potential. An ace investor, Ashish Kacholia own 13,62,395 shares or a 1.82 per cent stake in the company as of July 20, 2025. In just 1 day, Ashish Kacholia lost Rs 6,76,42,912 in just 1 day from this multibagger small-cap stock (at day’s low). The stock gave multibagger returns of 370 per cent in just 3 years and a whopping 710 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.