MarketFriction

Man Infraconstruction Ltd

NSE MANINFRA · BSE 533169 · Residential, Commercial Projects
₹124.30 -2.02%
NSE close2026-10-01
52 week range77.12 - 150.86
Market cap₹5,163 Cr.
P/E23.8
Price band 20% Delivery 36.2%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales215242297342230242294183149153146218
Expenses151139247258203181187142112121127147
Operating Profit64103508428611064137331972
OPM %30%42%17%24%12%25%36%22%25%21%13%33%
Other Income283142364133374546454222
Interest6712433532235
Depreciation233222223443
Profit before tax831237711363891368078725585
Tax %21%30%16%25%25%5%28%27%23%28%25%26%
Net Profit658765844784975860524163
EPS in Rs1.882.241.762.091.202.232.051.441.371.161.061.77
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2264526523712674279611,8901,2631,108630666
Expenses1913434532712693317141,476937807502506
Operating Profit35109199101-297248414326301129160
OPM %16%24%31%27%-0.8%23%26%22%26%27%20%24%
Other Income33514446322620253116123179155
Interest214056545758625835151012
Depreciation8887799111081213
Profit before tax3911217985-3455379397397401285290
Tax %60%42%39%50%-64%40%21%27%24%22%26%
Net Profit156610943-1233299289303313211215
EPS in Rs0.471.431.791.13-0.190.865.836.968.097.534.975.36
Dividend Payout %215%25%20%75%-191%70%22%13%20%12%18%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth11%8%-31%-30%
Compounded Profit Growth27%43%-11%-17%
Stock Price CAGR16%12%-6%-13%
Return on Equity14%19%15%9%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital505050505050507474747581
Reserves5885526056396446206257851,0151,3891,6882,186
Borrowings1582833054374504055065572061313664
Other Liabilities148139239226202224275300486560378443
Total Liabilities9431,0241,1981,3511,3471,2981,4561,7161,7812,1542,1772,773
Fixed Assets433740348381596061534961
CWIP1251301301301320120000
Investments12011516897242263150113277272530
Other Assets6557428611,0901,1081,1951,3331,5041,6071,8241,8562,182
Total Assets9431,0241,1981,3511,3471,2981,4561,7161,7812,1542,1772,773
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-45-16994-169168878187448573133-50
Cash from Investing Activity5063-598711983-8428-102-397-115-323
Cash from Financing Activity6118-1744-129-13720-91-458-28-116306
Net Cash Flow111218-3963414123-111148-98-67
Free Cash Flow-77-179131-170-493107191441579130-55
CFO/OP-72%-430%123%-48%58%-5,254%107%114%127%199%71%19%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days1821997754132112894864422941
Inventory Days9151,3981,4895,3442,2111,545837186743950
Days Payable25234024139625730119597181141
Cash Conversion Cycle8451991,1341,3025,0812,0661,33469015360483841
Working Capital Days37743319122441371335919594194350740
ROCE %8%7%15%21%12%2%10%33%32%28%24%13%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters67.15%67.19%67.31%67.31%67.18%66.62%66.65%65.10%62.29%62.43%62.46%62.52%
FIIs3.72%3.50%3.55%3.57%3.71%4.56%3.81%4.28%5.21%3.92%3.80%1.92%
DIIs2.10%2.09%2.10%2.09%1.69%2.15%2.16%2.12%2.03%2.03%1.93%1.13%
Public27.02%27.19%27.04%27.04%27.40%26.66%27.37%28.49%30.47%31.61%31.79%34.42%
No. of Shareholders74,56978,87487,45896,7111,08,1991,00,98399,60194,50492,48990,67887,24287,961

Fundamentals

Market Cap₹ 5,163 Cr.
Current Price₹ 128
Stock P/E23.8
Book Value₹ 56.2
ROCE13.2 %
ROE9.16 %
Dividend Yield0.70 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)-30%
Compounded Profit Growth (TTM)-17%
Consolidated figures.
Valuation
Market capRs 5,018 Cr
Enterprise valueRs 4,646 Cr
P/E (TTM)23.16x
Price to book2.21x
Price to sales7.54x
EV / EBITDA14.74x
EV / EBIT15.38x
EV / sales6.98x
Earnings yield4.32%
Dividend yield0.72%
P/E, 3-year average20.26x
P/B, 3-year average3.25x
P/E, 5-year average17.70x
P/B, 5-year average3.32x
Profitability
Operating margin (excl. other income)20.45%
Operating margin (incl. other income)48.78%
EBITDA margin47.33%
Pre-tax margin43.49%
Net profit margin32.54%
Net margin, latest quarter32.82%
ROE9.95%
ROCE14.29%
ROA8.10%
ROE, 3-year average17.00%
ROCE, 3-year average22.90%
ROA, 3-year average12.14%
ROE, 5-year average21.15%
ROCE, 5-year average27.24%
ROA, 5-year average12.97%
ROIC (approx.)11.80%
Tax rate25.94%
Other income / net worth7.88%
Growth
Sales growth (latest year)-43.10%
Profit growth (latest year)-29.05%
Sales CAGR, 3 years-30.65%
Sales CAGR, 5 years8.10%
Profit CAGR, 3 years-8.12%
Profit CAGR, 5 years44.34%
Sales growth QoQ50.02%
Profit growth QoQ67.27%
Sales growth YoY (latest quarter)19.36%
Profit growth YoY (latest quarter)28.92%
Per share
EPS (TTM)Rs 5.37
EPS (latest year)Rs 4.97
EPS (latest quarter)Rs 1.77
EPS, 3-year averageRs 6.86
EPS, 5-year averageRs 6.68
Book value per shareRs 56.15
Sales per shareRs 16.50
Cash flow per shareRs -1.23
Free cash flow per shareRs -1.36
Dividend per share (latest year)Rs 0.90
Dividend per share, 3-year averageRs 1.14
Dividend per share, 5-year averageRs 1.12
Dividends
Dividend payout18.11%
Dividend payout, 3-year average16.69%
Dividend payout, 5-year average16.93%
Efficiency
Asset turnover0.23x
Fixed asset turnover10.33x
Inventory turnover0.41x
Inventory days881 days
Debtor days41 days
Debtors turnover8.83x
Creditor days141 days
Cash conversion cycle41 days
Working capital days740 days
Leverage
Total debtRs 64 Cr
Cash and bankRs 435 Cr
Net debtRs -371 Cr
Debt to equity0.03x
Net debt / EBITDA-1.18x
Interest coverage24.30x
Current ratio (filing 2026-03-31)5.55x
Quick ratio (filing 2026-03-31)3.80x
Trade payables (filing 2026-03-31)Rs 74 Cr
Owners' fund to total sources81.73%
Debt to assets2.31%
Cash flow
Cash from Operating Activity (latest year)Rs -50 Cr
Cash from Investing Activity (latest year)Rs -323 Cr
Cash from Financing Activity (latest year)Rs 306 Cr
Net Cash Flow (latest year)Rs -67 Cr
Free cash flow (latest year)Rs -55 Cr
FCFE (approx.: FCF + change in debt)Rs -27 Cr
Cash from ops / profit, 5 years0.91x
Statement figures
Net sales (TTM)Rs 666 Cr
Net sales (latest year)Rs 630 Cr
Sales (latest quarter)Rs 218 Cr
Operating profit excl. other income (latest year)Rs 129 Cr
Operating profit (latest quarter)Rs 72 Cr
Other income (TTM)Rs 155 Cr
EBITDA (TTM)Rs 315 Cr
PBDT (TTM)Rs 303 Cr
Profit before tax (TTM)Rs 290 Cr
Tax (latest year)Rs 74 Cr
Net profit (TTM)Rs 217 Cr
Net profit (latest year)Rs 201 Cr
Net profit (latest quarter)Rs 72 Cr
Depreciation (TTM)Rs 13 Cr
Depreciation (latest quarter)Rs 3 Cr
Interest (TTM)Rs 12 Cr
Cost of goods sold (latest year)Rs 306 Cr
Total expenditure (latest year)Rs 502 Cr
Total income (latest year)Rs 809 Cr
Share capitalRs 81 Cr
ReservesRs 2,186 Cr
Shareholders' fundsRs 2,266 Cr
Total assetsRs 2,773 Cr
Net blockRs 61 Cr
InvestmentsRs 530 Cr
ReceivablesRs 71 Cr
InventoryRs 738 Cr
Other liabilitiesRs 443 Cr
Shares outstanding (crore)40.37
Ownership
Promoter holding62.52% (-2.58 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 23.2 is at the 52th percentile of its own 8.4-year range (median 22.8, low 10.7, high 147.4).
P/B 2.21 is at the 38th percentile (median 2.67).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodMANINFRANifty 50Difference
1 week+0.1%-2.8% +2.9 pts
1 month-0.2%-6.8% +6.6 pts
3 months+18.0%-7.6% +25.6 pts
6 months+58.5%+0.4% +58.1 pts
1 year-17.4%-9.9% -7.5 pts
2 years-34.3%-13.6% -20.7 pts
3 years-18.3%+14.2% -32.5 pts
5 years+70.0%+27.9% +42.1 pts
2 mutual fund schemes hold about ₹0 Cr. Over three months 0 bought more and 1 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Motilal Oswal BSE 1000 Index Fund0.01%0 -3%
Quant Small Cap Fund0.00%0 -100%

Red flags

F-score 1 of 8
explainReceivables outrunning sales Receivables grew -18% vs sales -43% in 2026
explainDebt up, profit down Borrowings up 80% while net profit fell in 2026
lookInventory outrunning sales Inventory grew 39% vs sales -43% in 2026
lookProfit leans on other income Other income was 63% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹218 Cr +19.1% vs Jun 2025. Net profit ₹63 Cr +8.6%.
Against our estimate for Jun 2026: sales +98.5%, profit +74.7% beat. Our estimate for Sep 2026: sales Rs 126 Cr, profit Rs 40 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-05-19Interim Dividend - Rs 0.72 Per Share
2025-11-18Interim Dividend - Re 0.45 Per Share
2025-05-27Interim Dividend - Re 0.45 Per Share
2025-02-12Interim Dividend - Re 0.45 Per Sh
2024-08-19Interim Dividend - Re 0.45 Per Share
2024-07-30Annual General Meeting
2024-02-15Interim Dividend - Rs 0.54 Per Share
2023-11-17Interim Dividend - Re 0.36 Per Share
2023-08-10Interim Dividend - Rs 0.36 Per Sh
2023-08-02Annual General Meeting
2023-05-19Interim Dividend - Re 0.36 Per Share
2022-11-21Interim Dividend - Re 0.90 Per Share
2022-08-29Annual General Meeting
2021-11-17 Bonus 1:20.6667
2021-10-13 Interim Dividend - Rs 1.26 Per Share
2021-09-15 Annual General Meeting
2021-02-18 Interim Dividend - Rs 0.90 Per Share
2020-09-16 Annual General Meeting
2020-03-12 Interim Dividend - Rs 0.55 Per Share
2019-09-03 Annual General Meeting
2018-09-12 Interim Dividend Rs 1.26 Per Share
2018-08-06 Annual General Meeting
2017-08-22 Annual General Meeting/Dividend - Re 0.54 Per Share
2017-06-07 Interim Dividend Re 0.54 Per Share
2016-08-03 Annual General Meeting
2016-03-17 Interim Dividend - Re 0.99/- Per Share
2015-08-04Annual General Meeting
2015-06-05Interim Dividend - Re 0.54/- Per Share
2014-08-28Annual General Meeting / Dividend - Rs 1.35/- Per Share / Face Value Split - From Rs 10/- Per Share To Rs 2/- Per Share0.2000
2014-07-04Interim Dividend - Rs 1.35/- Per Share
2013-08-05Annual General Meeting/Dividend Rs 2.25/- Per Share
2012-07-31Annual General Meeting And Dividend Rs.4.50 Per Share
2011-07-19Annual General Meeting And Dividend Rs.1.80 Per Share
2010-11-24Interim Dividend Rs 1.80/- Per Share
2010-07-07Annual General Meeting And Final Dividend Rs.1.80 Per Share
DateTypeWhat it says
2026-09-28Press ReleaseA press release dated September 28, 2026, titled "MICL unlocks ₹6,000+ Crores overall revenue potential from Marine Lines Project and Recoups &#...
2026-09-22Shareholder meetingVoting results.
2026-09-04General UpdatesGeneral Updates - the Company has, on September 04, 2026, has sent an intimation through electronic mode regarding the open market buyback offer to a...
2026-09-03Public Announcement - BuybacPublic Announcement - Buyback of Shares along with Undertaking and Board Resolution
2026-09-02BuybackBoard Resolution pertaining to Buyback of Equity Share of the Company.
2026-09-01Board meeting outcomeOutcome of Board Meeting held on September 01, 2026.
2026-08-26Concall / analyst meetTranscript of Q1 FY27 Virtual Analyst Meet held on Friday, August 21, 2026.
2026-08-21Concall / analyst meetAudio recording of Q1 FY27 Virtual Analyst Meet
2026-08-21Shareholder meetingNotice of Postal Ballot dated August 12, 2026 and e-Voting Instructions.
2026-08-18Concall / analyst meet- Q1 FY27 Virtual Analyst Meet is scheduled to be held on Friday, August 21, 2026 at 04:00 P.M. (IST).
2026-08-17General UpdatesGeneral Updates - Acquisition of Partnership Interest in MICL Properties LLP
2026-08-13General UpdatesGeneral Updates - Cancellation of Intimation of schedule Analyst/ Institutional Investor Meeting(s) dated August 13, 2026
2026-08-12RetirementRetirement by rotation of Mr. Berjis Desai, Non Executive Non Independent Director, who did not seek re-appointment upon expiry of his term. Pursuant ...
2026-08-12Shareholder meetingVoting results.
2026-08-12Press ReleaseA press release dated August 12, 2026, titled "Press Release on the Un-Audited Financial Results for the quarter ended June 30, 2026. ".
2026-08-12General UpdatesInvestor Presentation for Q1 FY27.
2026-08-12Statement of deviation(s) orStatement of deviation(s) or variation(s) under Reg. 32
2026-08-12Monitoring Agency ReportMonitoring Agency Report for the Quarter ended June 30, 2026 in relation to Preferential Issue of Warrants.
2026-08-12Shareholder meetingProceedings of Annual General Meeting held on August 12, 2026
2026-08-12AppointmentAppointment of Mr. Sivaramakrishnan S. Iyer (DIN: 00503487) as Non- Executive Independent Director of the company w.e.f. August 12, 2026.
2026-08-12AppointmentRedesignation and appointment of Mr. Parag K. Shah (DIN: 00063058), Non-Executive Director as Chairman of the company w.e.f. August 12, 2026.
2026-08-12AppointmentAppointment of Mr. Vatsal P. Shah (DIN: 08125055) as Non- Executive Director of the company w.e.f. August 12, 2026.
2026-08-12Board meeting outcomeMan Infraconstruction Limited has submitted to the Exchange, the Un-Audited financial results for the period ended Jun 30, 2026.
2026-08-10Press ReleaseA press release dated August 10, 2026, titled MICL group launches Marina Vista at Pali Hill, Bandra (West), Mumbai, achieves 30% Pre-Sales commitment...
2026-08-10Press ReleaseA press release dated August 10, 2026, titled MICL group secures IOA for ultra-luxury sea-view development with ₹ 1,000+ crore GDV off Bandstan...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Man Infraconstruction Ltd?

Man Infraconstruction Ltd (MANINFRA) has a market capitalisation of Rs 5,163 Cr. at the 2026-10-01 close.

What is the P/E ratio of Man Infraconstruction Ltd?

Man Infraconstruction Ltd trades at a P/E of 23.8 on trailing twelve-month profit, at the 2026-10-01 close.

What were Man Infraconstruction Ltd's latest quarterly results?

In the Jun 2026 quarter, Man Infraconstruction Ltd sales was Rs 218 Cr (+19.1% vs Jun 2025) and net profit was Rs 63 Cr.

What is the 52-week high and low of Man Infraconstruction Ltd?

The 52-week high is Rs 150.86 and the 52-week low is Rs 77.12.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03