Shares of Man Industries (India) Limited  iron and steel pipe maker touched a 52-week high of Rs 623.70 on NSE, surging 5.24% from its previous close of Rs 592.60, after it announced a combined order win worth Rs 1,000 crore alongside its Saudi Arabia-based subsidiary.

Here’s how the orders break down. Man Industries itself won contracts worth Rs 300 crore, while National Pipe Company Limited (NPC), its subsidiary in Saudi Arabia, pulled in the bigger chunk at Rs 700 crore. Both sets of orders are for supplying various types of pipes and are to be delivered within six to nine months.

In its exchange filing, the company said ‘the new contracts reflect strong demand across domestic and international markets.’

What this does for the company’s order book is worth noting. After adding these wins, the total unexecuted order book now stands at roughly Rs 4,100 crore. Think of this as a pipeline of confirmed work that Man Industries and NPC still have to complete and bill for.

NPC is a fairly recent addition to the Man Industries fold. Just about a month ago, the company acquired 100% of NPC through its arm Man International Steel Industries Company for $102 million, around Rs 981 crore. 

The Saudi subsidiary winning Rs 700 crore in fresh orders within weeks of that acquisition is a quick early return on that investment.

On the earnings side, full-year FY26 numbers were healthy. Total income rose 1.9% year-on-year to Rs 3,592 crore and net profit grew 11.3% to Rs 170.48 crore, even as Q4 was a softer quarter.

At 11:14 am on NSE, shares were trading at Rs 591.20, slightly off the day’s highs. The stock is up 50.93% year-to-date in 2026.

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