Shares of Man Industries (India) Limited, a company that makes iron and steel products, jumped 12% to ₹351.25 on Tuesday. This small-cap stock has gone up by 34% in just the last two days.
The rise in share price comes after the company reported strong results for the fourth quarter and gave a positive outlook for the future.
Well-known investor Ashish Kacholia has a major investment in the company. He owns over 13 lakh (1.36 million) shares of Man Industries.
Profits More Than Double in Q4
Man Industries reported a big jump in profits for the January–March 2025 quarter. The company made a profit of ₹40.3 crore, more than double compared to ₹17.2 crore in the same quarter last year.
Its EBITDA (earnings before interest, taxes, depreciation, and amortization) rose by 56.6% year-on-year to ₹101.60 crore. Revenue also increased by 9.3% to ₹850.4 crore, up from ₹778.10 crore in the same period last year.
Strong Investments and Future Growth Plans
Ashish Kacholia holds 13,62,395 shares in Man Industries, which gives him a 2.10% stake in the company as of March 2025. Another investor, Vikas Vijay Kumar Khemani, owns 16,37,256 shares, or a 2.53% stake.
The company’s order book stood at ₹2,500 crore at the end of FY 2025, which is expected to be completed within 6 to 12 months. I
n addition, Man Industries has a total bid book of around ₹15,000 crore. Looking ahead, the company is aiming for a 20% revenue growth in FY 2026.