Minerva Capital Research Solutions

Man Infraconstruction

NSE: MANINFRABSE: 533169
Compare with peers
₹ 111.53▲ 3.39 (+3.13%)28 Oct, 03:29 pm IST
Market cap
₹ 4,117 Cr.
P/E
20.9x
P/B
1.88x
52-week range
77.12 – 150
ROE
9%
ROCE
13%
Dividend yield
1.1%
Debt / equity
0.03
Sector
Realty
Industry
Residential, Commercial Projects
Listed on
NSE, BSE

About

Man Infraconstruction Limited is an India-based integrated engineering, procurement and construction (EPC) company. The Company is engaged in the business of civil construction, project activities and real estate development, including construction of roads on a design-build-finance-operate-transfer (DBFOT) basis. Its segments include EPC and Real Estate. The Company has capabilities across diverse infrastructure domains, such as port infrastructure, residential construction, commercial and institutional construction, industrial construction, and road construction. Its port infrastructure services include onshore container terminals and freight stations, land reclamation, soil consolidation, and operational services, such as firefighting, sewerage, and drainage systems. Its residential construction services include high-rise buildings, townships, and luxury villas. Its commercial and institutional construction services include office complexes, shopping malls, schools, and hospitals.

Quick check

The five things to look at first. Open one for more.

Compared with its industry

Residential, Commercial Projects: 174 companies →

Man Infraconstruction against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)20.9 against a typical 23.8: cheaper than most peers (1st = cheapest).72nd of 173
  • Sales growth+19.1% against a typical +6.6% from a year earlier.51st of 134
  • Profit growth+8.6% against a typical +2.9% from a year earlier.51st of 108
  • Share price, 3 months+14.9% against a typical −9.9%.18th of 147
  • Size₹ 4,117.4 Cr. market value against a typical ₹ 129.6 Cr. (1st = largest).23rd of 163

Latest announcements

Exchange filings and their impact on the company.

  • 8 Oct 2026UpdatesLow impactPositivePrice −0.5% on 9 Oct
    Extinguished 69.25 lakh buyback shares (~1.7% of equity), lifting EPS ~1.7% at a cost of ~Rs 86 cr cash.

    Man Infraconstruction extinguished 69.25 lakh equity shares of Rs 2 face value bought back on the open market between 9 September and 30 September 2026. Issued capital fell from 40.37 crore shares to 39.67 crore shares. The 1.7% share-count reduction will modestly lift EPS while using about Rs 80-90 crore of cash.

    Filing

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

Adequate safety

Rated A+ by CARE
A+
DefaultRiskyModerateSafeVery safe
  • No warnings from the agency.
AgencyCurrent ratingOutlookAs of
CARECARE A+Stable19 Nov 2025
Credit rating actions
RatingDetails
19 Nov 2025
Reaffirmed
CARE A+—CARE₹ 419.5 Cr.

Board meetings

Results dates and other board meetings. Full calendar

Details
29 Oct 2026UpcomingFinancial ResultsTo consider and approve the Un-audited financial results for the quarter and half year ended September 30, 2026
1 Sep 2026BuybackTo consider buyback for equity shares
12 Aug 2026Financial ResultsTo consider and approve the Un-Audited financial results for the period ended Jun 30, 2026
13 May 2026Financial Results/DividendTo consider and approve the Audited financial results for the period ended March 31, 2026 and Interim dividend, if any.
11 Feb 2026Financial ResultsTo consider and approve the un-audited financial results for the period ended December 31, 2025
12 Nov 2025Financial Results/DividendTo consider and approve the Un-audited financial results for the period ended September 30, 2025 and dividend
13 Aug 2025Financial ResultsTo consider and approve the Un-Audited financial results for the period ended Jun 30, 2025

Share price

1Y change −23.41%
0 of 1 filing day came with a big price move
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.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 Rs1.882.241.762.091.22.232.051.441.371.161.061.77

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
11%
5 Years
8%
3 Years
−31%
TTM
−30%
Compounded Profit Growth
10 Years
27%
5 Years
43%
3 Years
−11%
TTM
−17%
Stock Price CAGR
10 Years
13%
5 Years
20%
3 Years
−7%
TTM
—
Return on Equity
10 Years
14%
5 Years
19%
3 Years
15%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
62.52%
−2.58 pts in a year
FIIs
1.92%
−2.36 pts in a year
DIIs
1.13%
−0.99 pts in a year
Public
34.42%
+5.93 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 20.9xEPS (12 months) ₹ 5.37Median P/E 21.1x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
Man Infraconstruction₹ 111.53₹ 4,117 Cr.20.9x1.9x9%—
DLF₹ 653.55₹ 1,61,774 Cr.39x3.6x10%32%
Lodha Developers₹ 963.00₹ 1,01,441 Cr.33.7x5.1x15.8%20.6%
Indus Towers₹ 380.00₹ 1,00,250 Cr.14.9x2.7x19.8%22%
Oberoi Realty₹ 1,587.20₹ 57,846 Cr.27.3x3.8x—41.6%
Godrej Properties₹ 1,497.90₹ 45,121 Cr.166x3.3x10.2%35.9%

Management

Ashok Manharlal Mehta
Chief Financial Officer, Whole-time Director
Durgesh S. Dingankar
Compliance Officer, Company Secretary
Manan Parag Shah
Managing Director, Whole-time Director

Prices are delayed and for information only. Nothing on this page is investment advice.