Stock to Buy: Brokerage bets on Man Industries, gives target price
The shares of Man Industries (India) Ltd are predicted to jump and reach a target price of Rs 660 per equity share, SBI Securities Research said in its report.
New Delhi: SBI Securities Research has projected shares of Man Industries (India) Ltd to rise. The brokerage is bullish and the stock can jump up to 47 per cent. The brokerage recommended investors to buy for the long term.
Man Industries has given superb returns in the recent past. The stock increased 3.85 per cent in the last month. At the same time, the counter has given a return of 63.41 per cent in the last 3 months. Notably, the scrip registered a growth of 37.07 per cent since the start of 2025. In the last three years, it has recorded a tremendous growth of 363.89 per cent.
The current market cap of Man Industries Ltd is Rs 3,421 crore and the shares were trading at Rs 446.15 at around 2 pm on 4th August. SBI Securities has set a target price of Rs 660 for its shares, which clearly shows that it has an upside of about 47.3 percent. The shares can touch the target in 12 to 18 months.
SBI Securities Research has made its prediction based on the valuation of Man Industries on the basis of FY27E EPS and EBITDA. In this, a P/E multiple of 15.0x and an EV/EBITDA multiple of 12.0x have been taken. Giving equal weightage to both, a target price of Rs 660 has been fixed.
Man Industries details on BSE as on August 5, 2025
- Previous Close: 453.90
- Open: 448.05
- High: 455.70
- Low: 442.85
- 52 Wk High: 469.95
- 52 Wk Low: 201.45
- Upper Price Band: 544.65
- Lower Price Band: 363.15
- Price Band: 20%
- Mcap Full (Cr.): 2,983.56
- PE/PB: 21.75 / 2.49
- ROE: 10.25
- Face Value: 5.00
The MAN Group came into existence in the 1970s. Since then, the Mansukhani family headed group has grown into a diversified organization. Man Industries (India) Ltd was established in 1988. It is engaged in the business of manufacturing and coating of large-diameter carbon steel pipes, alongside ventures in infrastructure, realty, and trading.
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