21st Century Management Services earnings calls.

Man Industries delivered a landmark FY26 with record consolidated EBITDA margin of 13%Current reported value: record consolidated EBITDA margin of 13%. No comparable prior figure is available in the source record. (up 90bps YoY) and completed its transformative $102M NPC acquisition in Saudi ArabiaCurrent reported value: $102M NPC acquisition in Saudi Arabia. No comparable prior figure is available in the source record., acquiring a 430,000-ton capacity pipe mill with $83M cash at 1.5x EV/EBITDA. Standalone Q4 revenue surged 36% YoY to ₹1,157 croreCurrent reported value: 36% YoY to ₹1,157 crore. No comparable prior figure is available in the source record. with EBITDA margins expanding 300bps to 14.6%Current reported value: 300bps to 14.6%. No comparable prior figure is available in the source record., demonstrating pricing power despite steel prices being down ~25% versus prior year. Management issued FY27 consolidated revenue guidance of ₹5,000-5,500 croreCurrent reported value: FY27 consolidated revenue guidance of ₹5,000-5,500 crore. No comparable prior figure is available in the source record. (India ~₹4,000cr + KSA ~₹1,500-2,000crCurrent ₹1,500-2,000cr. Reported change: FY27 contribution.) with EBITDA margins of 13-15%Current reported value: EBITDA margins of 13-15%. No comparable prior figure is available in the source record.. Jammu stainless steel plant is on track for FY27 completion, while the Dammam coating facility targets mid-2027 commissioning at 25-35% margins. The order book stands at ₹3,000 croreCurrent ₹3,000 crore. Reported change: Visible 6-12 months. with a ₹15,000-16,000 crore bid pipeline providing strong revenue visibility. Key risk: Hormuz Strait tensions affecting ~20-25% of shipments, though management expects Q1 to remain on track.