NSE:MANINDS management interview: MAN Industries Bets Big On Saudi Arabia With ₹1,000 Crore Acquisition | Weak Quarter, Growth Ahead?
ET Now, 2026-05-26. Video: https://www.youtube.com/watch?v=UaAnbsi8qzs
- Order book pipeline: The company holds an active order book of ₹3,000 crore—comprising ₹2,500 crore in exports and ₹500 crore in domestic orders—with an additional ₹15,000 crore in global bids pending.
- Revenue growth outlook: Consolidated revenue is guided conservatively at ₹5,000 to ₹5,500 crore for FY27, with the company targeting 20% to 25% annual growth over the next three to four years.
- Saudi Arabia expansion: The acquisition of National Pipe Company for approximately ₹1,000 crore aims to address growing energy infrastructure demand directly within Saudi Arabia as the country restricts pipe imports.
- Cash and capex: With cash and cash equivalents at ₹657.2 crore, major acquisition payments are complete, and an expected capex outgo of roughly ₹300 crore will go toward a new coating facility in Saudi Arabia.