MAN Industries targets ₹1,200 crore earnings by FY29
after close1 source ↓written by the desknot a recommendation
- of National Pipe
- ₹1,000 crore acquisition
- annually
- 22-25% revenue growth
MAN Industries aims to double EBITDA to ₹1,000-1,200 crore by FY29, up from ₹450 crore in FY26, following its ₹1,000 crore acquisition of National Pipe Company in Saudi Arabia. The firm expects 22-25% revenue growth annually, leveraging local production capabilities and existing contracts with major clients like Aramco and ADNOC. 📈
Not investment advice. For informational purposes only.