Case study

MANINDS

Man Industries

High-risk on the numbers1y model +6.8%

Each stock's 10,000-path forecast, rendered as light.

0Score

Man Industries (MANINDS) Stock Analysis & Case Study

Is MANINDS a good buy? The data-driven verdict.

Man Industries (MANINDS) trades at ₹601,on the numbers it high-risk on the numbers, a Downstox Snapshot Score of 26/100.

On the numbers, Man Industries (MANINDS) high-risk on the numbers, a Downstox Snapshot Score of 26/100, weighing premium at 26.4× earnings, ROE of 9.2%, a 55% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 20272031.

Last updated . Data snapshot for research, not investment advice.

MANINDS fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield

Market cap
₹4,509 Cr
Current price
₹601
P/E ratio
26.4×
P/B ratio
2.16×
Book value
₹278
ROCE
16.2%
ROE
9.2%
Piotroski F-Score
3/9

Is MANINDS overvalued? MANINDS P/E vs its sector

MANINDS's P/E of 26.4× sits above the sector peer median of 15.9×, so on earnings it screens richer than peers.

MANINDS P/E
26.4×
Peer median P/E
15.9×
Peer median yield
1.66%

MANINDS share price target 2027, 2028, 2029, 2030, 2031, a probability view

Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 2.0y of MANINDS history (21%/yr drift, 55%/yr volatility).

YearLow (P10)Median target (P50)High (P90)Upside vs today
MANINDS 2027₹313₹628₹1,261+7%
MANINDS 2028₹249₹673₹1,849+15%
MANINDS 2029₹215₹723₹2,487+23%
MANINDS 2030₹194₹758₹3,150+29%
MANINDS 2031₹172₹809₹3,917+38%

Median (P50) is the central estimate; the P10–P90 band is the 80% confidence range. Probabilities, not promises.

What is the probability MANINDS goes up, or doubles?

55%
Higher in 1 year
Modelled chance the price is above today in 12 months
61%
Higher in 5 years
Modelled chance the price is above today in 5 years
38%
Doubles in 5 years
Modelled chance of reaching ₹1,175 within 5 years

The bull case for MANINDS

  • Man Industries is part of the nifty500 universe with live, tracked fundamentals on Downstox.
  • Upside scenario: the model's optimistic (P90) 3-year path reaches ₹2,487.

The bear case & risks

  • At 26.4× earnings the stock carries a premium to the market, strong growth is already in the price, so any miss tends to be punished.
  • Return on equity is a soft 9.2%, capital efficiency trails higher-quality peers.
  • A low Piotroski F-Score of 3/9 flags weaker financial health this cycle, worth understanding why before committing.
  • High historical volatility (55%/yr) means a wide, bumpy range of outcomes, size positions accordingly.
  • Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹215.

MANINDS volatility & expected range, how bumpy is the ride?

Over the last 2.0 years MANINDS compounded at 21%/year with annualized volatility of 55%. That volatility implies a 1-year 80% range of ₹313₹1,261, the honest backbone behind any single price target.

MANINDS price forecast, the full 60-month probability fan

Spot Price · Today
₹0
Based on 2.0 years of daily NSE data ·0.0% annualised volatility
5-yr median forecast
₹0
P(price ↑ in 5y)
0%
1-Year Forecast
2027
₹0
Median (P50)
6.8%
80% range₹313–₹1,261
P(price ↑)55%
P(price 2×)13%
3-Year Forecast
2029
₹0
Median (P50)
23.1%
80% range₹215–₹2,487
P(price ↑)58%
P(price 2×)30%
5-Year Forecast
2031
₹0
Median (P50)
37.7%
80% range₹172–₹3,917
P(price ↑)61%
P(price 2×)38%

MANINDS price probability fan

Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.

Probability Fan
MANINDS simulated paths · 60 months · 10,000 trials
P10–P90 (80%)P25–P75 (50%)Median (P50)

Probability of key outcomes

What are the odds MANINDS hits common targets within the simulated horizon?

0%
P(↑ 1Y)
Above today's price in 1 year
0%
P(↑ 5Y)
Above today's price in 5 years
0%
P(2×)
Doubles within 5 years
0%
P(↓)
Falls below today in 5 years

Full multi-horizon detail on the MANINDS price target & forecast page.

MANINDS Piotroski F-Score: 3/9, how financially strong is it?

3/9

The Piotroski F-Score grades financial strength on nine profitability, leverage and efficiency checks. MANINDS scores 3/9,weak on the financial-strength checks.

MANINDS MTF margin & leverage, Upstox, Zerodha, Groww, Dhan

Margin Trading Facility lets you buy MANINDS with part of the capital. Lower margin % = higher leverage. Rates compared across brokers (no competitor publishes this):

BrokerMargin requiredApprox. leverage
UpstoxCHEAPEST41.5%2.4×
ZerodhaCHEAPEST41.5%2.4×
DhanCHEAPEST41.5%2.4×

Compare every broker on the MANINDS MTF page.

MANINDS vs peers,sector comparison

StockP/EDiv yieldMarket cap
MANINDS (this stock)26.4×₹4,509 Cr
RELIANCE23.1×0.45%₹17.95L Cr
TCS14.7×3.01%₹7.69L Cr
HDFCBANK15.9×1.65%₹12.11L Cr
INFY14.4×4.51%₹4.32L Cr
ICICIBANK17.9×0.81%₹9.70L Cr
SBIN11.5×1.67%₹9.61L Cr

About Man Industries: sector, index & market-cap context

Man Industries (MANINDS) is a small-cap NSE-listed company, and a constituent of the Nifty 500 index group, with a market capitalisation of ₹4,509 Cr. See more Nifty 500 stocks.

How the MANINDS Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of Man Industries's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.

This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.

MANINDS analysis, FAQs

Is Man Industries (MANINDS) a good buy?

On the numbers, Man Industries (MANINDS) high-risk on the numbers, a Downstox Snapshot Score of 26/100, weighing premium at 26.4× earnings, ROE of 9.2%, a 55% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.

Is MANINDS overvalued or undervalued?

MANINDS trades at 26.4× earnings versus a peer median of 15.9×, so it screens richer than its sector peers.

What is the MANINDS share price target for 2031?

MANINDS's probability-weighted 2031 median target is ₹809, with an 80% range of ₹172₹3,917 (10,000-path Monte-Carlo).

What is the probability MANINDS doubles in 5 years?

The modelled probability of MANINDS reaching ₹1,175 (2×) within 5 years is 38%.

What is the bull case for MANINDS?

Man Industries is part of the nifty500 universe with live, tracked fundamentals on Downstox.

What are the risks in MANINDS?

At 26.4× earnings the stock carries a premium to the market, strong growth is already in the price, so any miss tends to be punished. Return on equity is a soft 9.2%, capital efficiency trails higher-quality peers. A low Piotroski F-Score of 3/9 flags weaker financial health this cycle, worth understanding why before committing.

More on MANINDS