MANINDS 1 Month Time Frame

Current Context

1. Stock Price: As of mid-November 2025, Man Industries is trading around ₹426–433.
2. 52-Week Range: Its 52-week low is ~₹201.55, and the high is ~₹468.
3. Business: It manufactures large-diameter LSAW and HSAW steel pipes for oil, gas, water, etc.
4. Financial Outlook: According to Tickertape, the company claims a strong order book (~₹4,700 Cr) and ongoing capex projects.
5. Regulatory Risk: Very importantly — SEBI has barred Man Industries and three top executives from the securities market for 2 years, for alleged fund diversion.

Risks

The SEBI ban is not just reputational — it's a major governance red flag.

If execution of orders slows, or costs escalate, profitability could suffer.

Liquidity risk: being a mid/small-cap pipe manufacturer, it may have volatility.

Macro risk: demand for large-diameter steel pipes is tied to sectors like oil & gas, infrastructure, which can be cyclical.