Man InfraConstruction Ltd (MANINFRA) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 533169 | NSE: MANINFRA | Engineering - Construction | Small Cap

Man InfraConstruct Share Price

134.45 -2.35 -1.72%
as on 05-Dec'25 16:59

Man InfraConstruction Ltd (MANINFRA) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 533169 | NSE: MANINFRA | Engineering - Construction | Small Cap

DeciZen - make an informed investing decision on Man InfraConstruct

Based on:

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Man InfraConstruction stock performance -

Key Ratios
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P/E Ratio (SA):
32.60
Market Cap:
5,522.2 Cr.
52-wk low:
117
52-wk high:
262.5

Is Man InfraConstruction Ltd an attractive stock to invest in?

1. Is Man InfraConstruction Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Man InfraConstruction Ltd is a average quality company.

2. Is Man InfraConstruction Ltd undervalued or overvalued?

The key valuation ratios of Man InfraConstruction Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Man InfraConstruction Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Man InfraConstruction Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Man InfraConstruct:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Man InfraConstruction Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 10.6%13.7%14.6%18.7%10.7%12.4%13.6%19.8%20.9%13.1%-
Value Creation
Index
-0.30.00.00.3-0.2-0.10.00.40.60.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 212158193166107120237798708395374
Sales YoY Gr.--25.2%21.8%-13.7%-35.7%11.8%97.8%237.2%-11.2%-44.3%-
Adj EPS 1.11.41.72.91.92.52.84.45.84.24.2
YoY Gr.-19.5%28.9%67.8%-35.6%32.5%13.7%56.9%30.2%-28%-
BVPS (₹) 16.818.419.621.723.225.12730.636.440.950.9
Adj Net
Profit
41.95064.410869.992.4105165214156170
Cash Flow from Ops. 20.335.226.7-9.715.42315.924.823015.4-
Debt/CF from Ops. 000-1.10000.400-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.2%29.8%18.6%-44.3%
Adj EPS 15.6%17.2%13.7%-28%
BVPS10.4%12.1%14.8%12.5%
Share Price 15.6% 44.5% 19.3% -42.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
6.77.79.114.18.410.310.915.416.49.99.2
Op. Profit
Mgn %
5.416.8924.4-0.13.825.817.222.32321
Net Profit
Mgn %
19.831.633.465.165.377.244.420.730.339.645.4
Debt to
Equity
00000000000
Working Cap
Days
7089859431,3402,3862,1981,146380432806829
Cash Conv.
Cycle
16320411271108595132211786

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 18.61%

Net Profit is growing at healthy rate in last 3 years 13.70%

Return on Equity has declined versus last 3 years average to 9.10%

Sales growth is not so good in last 4 quarters at -10.25%

Latest Financials - Man InfraConstruction Ltd.

Standalone Consolidated
TTM EPS (₹) 4.2 6.7
TTM Sales (₹ Cr.) 374 868
BVPS (₹.) 50.9 54.2
Reserves (₹ Cr.) 1,974 2,105
P/BV 2.69 2.53
PE 32.60 20.34
From the Market
52 Week Low / High (₹) 117.00 / 262.50
All Time Low / High (₹) 9.67 / 262.50
Market Cap (₹ Cr.) 5,522
Equity (₹ Cr.) 80.7
Face Value (₹) 2
Industry PE 29.6

Management X-Ray of Man InfraConstruct:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Man InfraConstruct - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

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No data found!

Key Ratios of Man InfraConstruct

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales212158193166107120237798708395
Operating Expenses 200132176126109116175661550304
Manufacturing Costs78607041334390169171137
Material Costs74404644424551447327116
Employee Cost 23212423252028323836
Other Costs 25113618986131514
Operating Profit 11271741-246113715891
Operating Profit Margin (%) 5.4%16.8%9.0%24.4%-1.6%3.1%25.8%17.2%22.3%23.0%
Other Income 626991108961147583125123
Interest 1112110554
Depreciation 7554565777
Exceptional Items 0000000000
Profit Before Tax 658910214389110131209271203
Tax 22292934201726435646
Profit After Tax 4360741096992106166215157
PAT Margin (%) 20.3%37.6%38.2%65.2%64.2%77.3%44.7%20.8%30.4%39.7%
Adjusted EPS (₹)1.21.62.02.91.92.52.94.55.84.2
Dividend Payout Ratio (%)88%22%18%29%20%24%44%20%28%22%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund 6236837288068619311,0041,1361,3511,536
Share Capital 50505050505074747475
Reserves 5746346787578118819301,0621,2761,461
Minority Interest0000000000
Debt000100001190
Long Term Debt0000000000
Short Term Debt000100001190
Trade Payables282722181821201074946
Others Liabilities 34634231468081141253184
Total Liabilities 6867737928659251,0321,1051,3951,6611,767

Fixed Assets

Gross Block39444544495157687074
Accumulated Depreciation7121517202426303335
Net Fixed Assets 31323027282832383738
CWIP 0002012000
Investments 1482201429090136152293473477
Inventories2222423233
Trade Receivables12212059623342762166259
Cash Equivalents 9873724860136139166356288
Others Assets 284326488635709688701680730901
Total Assets 6867737928659251,0321,1051,3951,6611,767

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity 203527-101523162523015
PBT 658910214389110131209271203
Adjustment -41-56-63-92-92-106-67-64-112-113
Changes in Working Capital 142520-303939-23-83126-28
Tax Paid -18-23-32-31-20-19-26-37-56-47
Cash Flow From Investing Activity 31-5872222-1141-31-206-61
Capex -2507-2051010-8-8-6
Net Investments 19-5888658-12951-172-32134
Others 14-50-89-239108-20149122-90
Cash Flow From Financing Activity -46-0-30-32-15-23-32-37649
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -0-0-1-1-1-1-0-4-4-4
Dividend Paid -380-27-31-14-22-31-33-60-34
Others -70-2-0000012847
Net Cash Flow 6-234-2022-1226-4387-36

Finance Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)6.879.1310.4414.158.2510.3210.9215.5117.3210.86
ROCE (%)10.5713.7314.6118.710.712.413.6119.8420.9313.12
Asset Turnover Ratio0.310.220.250.20.120.120.220.640.460.23
PAT to CFO Conversion(x)0.470.580.36-0.090.220.250.150.151.070.1
Working Capital Days
Receivable Days21527816913316111391677156
Inventory Days65341094113
Payable Days1452511921681581581475287149

Man InfraConstruction Ltd Stock News

Man InfraConstruction Ltd FAQs

The current trading price of Man InfraConstruct on 05-Dec-2025 16:59 is ₹134.4.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Dec-2025 the market cap of Man InfraConstruct stood at ₹5,522.2.
The latest P/E ratio of Man InfraConstruct as of 04-Dec-2025 is 32.60.
The latest P/B ratio of Man InfraConstruct as of 04-Dec-2025 is 2.69.
The 52-week high of Man InfraConstruct is ₹262.5 and the 52-week low is ₹117.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Man InfraConstruct is ₹373.7 ( Cr.) .

About Man InfraConstruction Ltd

The company was incorporated as Man Construction Private Limited on August 16, 2002. The name was changed to “Man Construction Limited” on July 15, 2004, reflecting the change in the constitution of the company from a private limited company to a public limited company under the Companies Act, 1956. The name was further changed to “Man Infraconstruction Limited” on November 3, 2006 pursuant to a special resolution of the shareholders of the company at an extraordinary general meeting held on September 18, 2006 to reflect the change in the primary business focus of the company. The fresh certificate of incorporation consequent upon the change of name was granted on November 3, 2006 by the RoC.

The promoters of the company are Parag K. Shah and Mansi P. Shah, who along with the promoter group, hold 71.61% of the pre-issue share capital of the company. Pursuant to share subscription agreements dated August 14, 2008 and February 16, 2009, SA 1 Holding Infrastructure Company Private Limited, Standard Chartered Private Equity (Mauritius) II Limited and Standard Chartered Private Equity (Mauritius) III Limited hold 9.23%, 1.71% and 5.20%, respectively, of the equity share capital of the company

It is a construction company headquartered in Mumbai. It has undertaken projects in the six states including Maharashtra, Kerala, Gujarat, West Bengal, Goa and Tamil Nadu. It provides construction services for port infrastructure, residential, industrial, commercial and road infrastructure projects. The company has executed significant onshore port infrastructure projects in the following ports in India: Jawaharlal Nehru Port Trust, Mundra Port, Chennai Port, Vallarpadam Port and Pipavav Port. Port infrastructure projects are complex and their execution generally requires strict adherence to exacting international quality standards and tight timelines.

In the residential sector, the company works with real estate developers in Mumbai and Pune in Maharashtra and is in the process of constructing a residential complex in the western suburbs of Mumbai with an aggregate area of 1.95 million square feet, a slum rehabilitation authority project in Mumbai consisting of the construction of a township aggregating 5.16 million square feet and the construction of 5,166 tenements at a mass housing project at Pune.

Business area:

The company provides construction services for the five sectors-

Port Infrastructure: In the port infrastructure sector, it provides the following services: (i) Construction of onshore container terminals, which consist of reclamation, soil consolidation, paving and operational services that include fire fighting systems, sewerage and drainage services; (ii) construction of container freight stations, which consist of the preparation of sub-base, paving and operational services that include fire fighting systems, sewerage and drainage services; (iii) repair and maintenance services at onshore container terminal; and (iv) construction of operational buildings and workshops.

Residential: In the residential sector, it provides the following services: (i) Construction of townships including the construction of infrastructural facilities and the construction of residential housing; and (ii) construction of high-rise buildings

Commercial: In the commercial sector, its services consist of the construction of structures such as shopping malls and multiplexes, IT parks, warehouse facilities, hospitals and schools.

Industrial: In the industrial sector, our services consist of the construction of manufacturing facilities such as industrial factories and workshops.

Road Infrastructure: In the road infrastructure sector, it provides the following services: earthwork, paving, sewerage, storm water drainage, electrification, landscaping and arboriculture.

Projects undertaken:

The construction of an onshore container terminal and the provision of reclamation and soil consolidation services and strengthening and ground improvement work for NSICT;

  • The construction of a CFS for MICT;
  • The construction of an onshore container terminal, a railway network and an administrative office building, and the provision of paving work, for Gateway;
  • The construction of a self contained township and club house spread over a land area of 2.87 million square feet for MICT;
  • Reclamation work for Simplex for a port at Navi Mumbai, Maharashtra.

Milestones:

  • August 16, 2002 - Man Construction Private Limited was incorporated.
  • July 15, 2004 - The name of Man Construction Private Limited was changed to Man Construction Limited reflecting the change in the constitution of the company from a private limited company to a public limited company under the Companies Act, 1956.
  • May 12, 2006 - Pathare Real Estate and Developers Limited became a 100% subsidiary of the company.
  • June 1, 2006 - Pathare Real Estate and Developers Limited, a wholly-owned subsidiary, merged with and into the company.
  • August 23, 2006 - The company signed an MoU with Neelkanth Mansions and Infrastructure Limited for “most-favored customer”.
  • September 19, 2006 - Man Infraproject Limited became a subsidiary of the company.
  • November 3, 2006 - The name of the company was changed from Man Construction Limited to Man Infraconstruction Limited to reflect the change in the primary business focus of the company.
  • November 9, 2006 - Man Infraproject Limited became a 100% subsidiary of the company.
  • November 29, 2006 - The company signed a MoU with Dynamix Group of Companies for “most-favored customer”. December 1, 2006 - Man Infraproject Limited, a wholly owned subsidiary of the company, merged with and into the company effective December 1, 2006.
  • August 30, 2007 - Man Projects Limited was acquired as a subsidiary of the Company.
  • August 14, 2008 - The company and the promoters entered into a Share Subscription, Share Purchase and Shareholders’ Agreement with SA 1 Holding Infrastructure Company Private Limited pursuant to which SA 1 Holding subscribed to 1,800,000 equity shares and purchased a further 900,000 equity shares from Indira K. Shah.
  • February 16, 2009 - The company and the promoters entered into a Share Subscription, Share Purchase and Shareholders’ Agreement with SA1 Holding, Standard Chartered Private Equity (Mauritius) II Limited and Standard Chartered Private Equity (Mauritius) III Limited pursuant to which SCPE II subscribed to 500,000 Equity Shares and SCPE III purchased 950,000 equity shares from Indira K Shah.
  • March 24, 2009 - Man Ajwani Infraconstruction Limited was incorporated as a subsidiary of the company, pursuant to a memorandum of understanding with Ajwani Infrastructure Private Limited.
  • October 1, 2009 - Man Nirmal Infraconstruction Limited was incorporated as a subsidiary of the company.

Awards/ Achievements

  • The company’s experience in the execution of port infrastructure projects and residential projects has given us the expertise to provide quality services in both basic as well as complex construction projects.
  • It has also been awarded an ISO 9001:2008 certification in respect of its construction services in July 2009 by SGS United Kingdom Limited Systems and Services Certification.
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