MANINFRA

Man Infraconstruction Limited

EPC contractor and real estate developer for ports, residential and commercial projects

Consumer Discretionary›Realty›Realty›Residential, Commercial Projects

maninfra.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹114.00
Market cap
4,602 Cr
Stock P/E
21.4
P/B
2.03
Dividend yield
0.8%
ROE (FY26)
9.1%
ROCE (FY26)
12.4%
Operating margin (FY26)
18.5%
Debt / equity (FY26)
0.03
OCF / EBITDA (FY26)
-38.6%
OCF / EBITDA (3Y)
84.1%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Man Infraconstruction (MICL) is a Mumbai real estate developer and construction (engineering, procurement and construction, EPC) contractor.

Company snapshot

21stBy market cap

Ranked among 79 companies in Residential, Commercial Projects.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 66.0% of revenue

SegmentRevenue shareRevenuePBTAssets
EPC (Engineering, Procurement and Contacting)
34.3%
279 Cr76 Cr—
Real Estate
66.0%
537 Cr129 Cr—
Unallocated—0 Cr69 Cr—

What we see

Positives
  • ✓Net margin of 33.5% — the business keeps a healthy share of every rupee it earns.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales215 Cr242 Cr297 Cr342 Cr230 Cr242 Cr294 Cr183 Cr149 Cr153 Cr146 Cr218 Cr
Operating expenses (approx.)150 Cr139 Cr247 Cr258 Cr203 Cr136 Cr187 Cr142 Cr112 Cr121 Cr127 Cr147 Cr
EBITDA65 Cr103 Cr50 Cr84 Cr28 Cr107 Cr106 Cr41 Cr37 Cr33 Cr19 Cr72 Cr
OPM %30.2%42.5%16.7%24.5%12.0%44.0%36.2%22.2%24.6%21.4%13.0%32.8%
Other income28 Cr20 Cr36 Cr27 Cr30 Cr33 Cr34 Cr43 Cr38 Cr39 Cr41 Cr17 Cr
Interest6 Cr7 Cr12 Cr4 Cr3 Cr3 Cr5 Cr3 Cr2 Cr2 Cr3 Cr5 Cr
Depreciation2 Cr3 Cr3 Cr2 Cr2 Cr2 Cr2 Cr2 Cr3 Cr4 Cr4 Cr3 Cr
Profit before tax83 Cr123 Cr77 Cr113 Cr63 Cr89 Cr136 Cr80 Cr78 Cr72 Cr55 Cr85 Cr
Tax %21.4%29.9%16.3%25.5%25.0%5.5%28.3%27.1%23.1%28.4%25.1%25.9%
Net profit65 Cr87 Cr65 Cr84 Cr47 Cr84 Cr97 Cr58 Cr60 Cr52 Cr41 Cr63 Cr
EPS (₹)₹1.88₹2.23₹1.76₹2.09₹1.20₹2.25₹2.05₹1.48₹1.38₹1.16₹1.06₹1.77

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales452 Cr652 Cr371 Cr267 Cr427 Cr961 Cr1,890 Cr1,263 Cr1,108 Cr630 CrSign in free for the trailing twelve months
Operating expenses (approx.)346 Cr452 Cr272 Cr270 Cr331 Cr714 Cr1,476 Cr937 Cr784 Cr502 CrSign in free for the trailing twelve months
EBITDA106 Cr199 Cr100 Cr-3 Cr97 Cr247 Cr414 Cr326 Cr324 Cr129 CrSign in free for the trailing twelve months
OPM %23.4%30.6%26.8%-1.0%22.6%25.7%21.9%25.8%29.3%20.4%Sign in free for the trailing twelve months
Other income47 Cr44 Cr32 Cr27 Cr25 Cr201 Cr48 Cr97 Cr123 Cr162 CrSign in free for the trailing twelve months
Interest39 Cr56 Cr53 Cr57 Cr58 Cr62 Cr58 Cr35 Cr15 Cr10 CrSign in free for the trailing twelve months
Depreciation8 Cr8 Cr7 Cr7 Cr9 Cr9 Cr11 Cr10 Cr8 Cr12 CrSign in free for the trailing twelve months
Profit before tax112 Cr179 Cr85 Cr-34 Cr55 Cr379 Cr397 Cr397 Cr401 Cr285 CrSign in free for the trailing twelve months
Tax %41.7%38.9%50.2%64.4%39.5%21.2%27.2%23.6%21.9%25.9%Sign in free for the trailing twelve months
Net profit66 Cr109 Cr43 Cr-12 Cr33 Cr299 Cr289 Cr303 Cr313 Cr211 CrSign in free for the trailing twelve months
EPS (₹)₹2.14₹2.69₹1.69₹-0.29₹1.29₹5.83₹6.96₹8.09₹7.59₹5.07Sign in free for the trailing twelve months
Dividend payout %————69.7%10.4%11.6%27.7%11.3%16.6%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital50 Cr50 Cr50 Cr50 Cr50 Cr74 Cr74 Cr74 Cr75 Cr81 Cr
Reserves605 Cr639 Cr644 Cr620 Cr625 Cr785 Cr1,015 Cr1,389 Cr1,688 Cr2,186 Cr
Borrowings296 Cr437 Cr450 Cr396 Cr462 Cr557 Cr206 Cr131 Cr36 Cr58 Cr
Other liabilities205 Cr153 Cr160 Cr213 Cr301 Cr230 Cr430 Cr507 Cr298 Cr407 Cr
Total liabilities1,198 Cr1,351 Cr1,347 Cr1,298 Cr1,456 Cr1,717 Cr1,781 Cr2,155 Cr2,177 Cr2,778 Cr
Fixed assets (net)40 Cr34 Cr32 Cr36 Cr42 Cr49 Cr53 Cr43 Cr40 Cr48 Cr
CWIP——2 Cr0.0086 Cr0.94 Cr2 Cr0 Cr—0 Cr0 Cr
Investments168 Cr97 Cr75 Cr67 Cr79 Cr159 Cr119 Cr286 Cr279 Cr536 Cr
Loans & advances——46 Cr23 Cr59 Cr148 Cr259 Cr404 Cr674 Cr788 Cr
Inventories233 Cr320 Cr385 Cr380 Cr403 Cr449 Cr380 Cr505 Cr530 Cr738 Cr
Trade receivables95 Cr96 Cr135 Cr82 Cr104 Cr125 Cr333 Cr144 Cr87 Cr71 Cr
Cash & bank62 Cr23 Cr40 Cr63 Cr77 Cr210 Cr115 Cr246 Cr168 Cr86 Cr
Other assets601 Cr781 Cr632 Cr648 Cr690 Cr575 Cr522 Cr528 Cr399 Cr511 Cr
Total assets1,198 Cr1,351 Cr1,347 Cr1,298 Cr1,456 Cr1,717 Cr1,781 Cr2,155 Cr2,177 Cr2,778 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity94 Cr-169 Cr16 Cr88 Cr78 Cr187 Cr448 Cr573 Cr133 Cr-50 Cr
Cash from investing-59 Cr87 Cr119 Cr84 Cr-84 Cr28 Cr-102 Cr-397 Cr-115 Cr-323 Cr
Cash from financing-17 Cr44 Cr-129 Cr-137 Cr20 Cr-82 Cr-458 Cr-28 Cr-116 Cr306 Cr
Net cash flow18 Cr-39 Cr6 Cr35 Cr14 Cr132 Cr-111 Cr148 Cr-98 Cr-67 Cr
Free cash flow (OCF − Capex)82 Cr-176 Cr——62 Cr165 Cr433 Cr558 Cr124 Cr-74 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %15.2%19.5%11.7%2.1%9.8%29.6%33.7%26.2%22.1%12.4%
ROE %7.6%14.3%5.7%-1.0%4.6%23.3%25.2%19.8%17.0%9.1%
Debtor days7754132112894764422941
Inventory days6627042135178912257192044118351269
Days payable161114158189240167107100124127
Cash conversion cycle5786442109171210746001613537401183
OCF / EBITDA %88.6%-85.0%16.2%—81.1%75.5%108.2%175.4%41.0%-38.6%
OCF / EBITDA % (3 years)——-14.7%-22.0%94.3%103.5%94.1%122.2%108.4%84.1%
Debt / equity0.450.630.650.590.680.650.190.090.020.03
Current ratio3.374.383.783.582.583.542.303.425.995.55
Net debt / EBITDA2.20—4.12—3.981.400.22-0.35-0.41-0.22