MANINFRA · Man Infraconstruction Ltd · Construction Services
MANINFRA · Man Infraconstruction Ltd · Construction Services
As of 05 Nov close
52-week range
26.7% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹218 Cr
Revenue YoY
PAT YoY
+28.9%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
2.2
P/S (TTM)
7.7
Sector P/E
10.8
Dividend yield
+0.9%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| MANINFRA (this stock) | 19.4 | 2.2 | +32.5% | +9.6% | 0.03 | +0.9% |
| DLF | 34.5 | 3.5 | +65.8% | +9.8% | 0.01 | +1.2% |
| Lodha Developers | 23.1 | 4.6 | +22.7% | +17.7% | 0.42 | +0.4% |
| Indus Towers | 14.4 | 2.4 | +21.8% | +17.3% | 0.52 | +3.6% |
Promoter
rising 1q
FII
falling 3q
MF
1.13% (-0.80pp)
falling 2q
Insider trades
| Date | Insider | Type | Qty | Value |
|---|---|---|---|---|
| 25 Jun 2026 | Parag K. Shah | BUY | 2,50,000 | ₹2.63 Cr |
| 25 Jun 2026 | Parag K. Shah | BUY | 2,50,000 | ₹2.63 Cr |
| 25 Jun 2026 | Parag K. Shah | BUY | 2,50,000 | ₹2.63 Cr |
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
No related news.
Concalls & investor presentations
AI-generatedKey takeaway: Man InfraConstruction Limited (MICL) reported strong Q1 FY27 performance, with consolidated revenue growing 8% year-on-year to ₹218 crores and profit after tax increasing 29% to ₹72 crores. The company highlighted successful project launches across Mumbai, including ultra-luxury developments like Marina Vista and Berkeley House, with significant sales achieved despite the projects being in early stages. MICL emphasized its strategy of joint ventures to de-risk projects and maintain financial flexibility, while maintaining a debt-free position with ₹768 crores in cash and cash equivalents. Management outlined plans for major launches in FY27, including projects with a combined gross development value (GDV) of ₹6,600 crores, and reiterated its long-term goal of achieving ₹35,000 crores GDV by 2031. Management also discussed U.S. operations in Miami, including villa developments and a Ritz-Carlton project, and addressed questions on project margins, cash flow, and future growth. The company remains confident in achieving its sales targets and maintaining profitability despite market fluctuations.
The document emphasizes strong financial performance, successful project launches, and confidence in future growth targets.
Sourced from an exchange-filed transcript, dated 26 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The investor presentation from Man Infraconstruction Limited, dated June 5, 2026, outlines the company's extensive history and achievements in the construction and real estate sectors. Founded in 1964, the company has completed over 60 projects, covering more than 60 million square feet and delivering over 20,000 housing units. Management highlighted their pioneering role in port infrastructure, including India's first private port and significant EPC projects. The presentation emphasized the company's financial discipline, with consistent dividends paid to shareholders since its IPO in 2010. Management reported a strong pipeline of ongoing and upcoming projects, particularly in Mumbai, with a goal to achieve a gross development value of over ₹35,000 crores by 2031. The document also noted the company's strategic focus on luxury and premium segments in real estate, alongside its commitment to timely project delivery.
Management emphasized the company's strong track record and future growth ambitions.
Sourced from an exchange-filed presentation, dated 05 Jun 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedMan Infraconstruction Limited (MANINFRA) reported revenue from operations of ₹110,806.85 lakh for FY2025-26, with total income of ₹123,122 lakh. The company's business involves EPC and real estate, with no changes in operations. No significant regulatory orders or insolvency proceedings were noted. The auditor highlighted key audit matters, including revenue recognition in construction contracts, which relies on estimates and assumptions. The company has contingent liabilities, including disputed tax claims and bank guarantees for subsidiaries. The auditor's report did not indicate a going-concern issue, and the company maintains compliance with corporate governance and regulatory requirements.
- Revenue from operations for FY2025-26 was ₹110,806.85 lakh, with total income of ₹123,122 lakh.
- No significant regulatory orders or insolvency proceedings were reported during the year.
- Contingent liabilities include disputed Tamil Nadu Sales Tax and Service Tax claims, with appeals pending.
- The auditor identified revenue recognition in construction contracts as a key audit matter due to reliance on estimates.
- The company maintains compliance with corporate governance and regulatory requirements.
Key takeaway: Man Infraconstruction Limited reported strong revenue growth in FY2025-26 but faces risks from disputed tax claims and contingent liabilities related to subsidiaries.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Regulatory Action (1 item); Default / Covenant Breach (1 item)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Regulatory Action
1 occurrenceEarlier (1-3 years ago)
The company had a non-compliance with SEBI Listing Regulations in FY 2022-23, where more than 180 days elapsed between two consecutive RMC meetings, due to oversight and as a one-off event.
Default / Covenant Breach
1 occurrenceOlder (3+ years ago)
The company has disputed statutory dues pending before authorities, including Goods and Services Tax, Service Tax, and others, with amounts in lakhs for financial years 2006-07 to 2012-13, though no arrears over six months are reported.
Routine disclosures
Contingent Liability
3 occurrencesRecent (last 12 months)
The company has contingent liabilities as of March 31, 2026, which are detailed in the notes to standalone financial statements.
Older (3+ years ago)
The company has disputed Tamil Nadu Government Sales Tax and Service Tax claims amounting to 8,905.04 INR Lakhs as of March 31, 2023. The company has appealed these demands to CESTAT and considers it probable that the judgment will be in its favor.
The company is contesting a Service Tax demand through CESTAT and considers it probable that the judgement will be in its favour.
Related-Party Transaction
4 occurrencesRecent (last 12 months)
The company has made dividend payments to Parag K Shah, Manan P Shah, Ashok M Mehta, Mansi P Shah, Dhruvi Shah, and Parag K Shah - HUF, with amounts specified for Parag K Shah and Manan P Shah.
Earlier (1-3 years ago)
The company has transactions with related parties, including investments in and loans to various LLPs such as MICL Creators LLP, Man Infra Contracts LLP, and Man Vastucon LLP, with amounts totaling INR 8,269.50 lakh, INR 2,440.00 lakh, and INR 10,100.00 lakh respectively.
Older (3+ years ago)
The company entered into related party transactions with Royal Netra Constructions Private Limited, a company in which a Non-executive Director and his relative hold more than 2% of paid up share capital, involving a loan of Rs. 1740.92 Lakhs and investment in preference shares of Rs. 800.00 Lakhs.
The company has entered into related party transactions with entities such as MICL Creators LLP, Atmosphere Realty Pvt. Ltd., Man Chandak Realty LLP, and Royal Netra Constructions Pvt. Ltd., involving amounts in Rs. Crs. and percentages of annual consolidated turnover, as disclosed under the Companies Act, 2013 and SEBI regulations.
Statutory dues in dispute
2 occurrencesEarlier (1-3 years ago)
The company has disputed statutory dues pending before the Customs, Central Excise and Service Tax Appellate Tribunal (CESTAT) for the financial year 2009-10, with an amount of lakhs and 5.49 lakhs paid under protest.
Older (3+ years ago)
The company has disputed statutory dues pending before the Customs, Central Excise and Service Tax Appellate Tribunal (CESTAT) for the financial years 2009-10 and 2010-11, with amounts of lakhs unpaid and 108.95 lakhs paid under protest.
Management & Board Governance
1 occurrenceEarlier (1-3 years ago)
Mr. Sudhir Kapadia, an Independent Director, resigned on September 19, 2024, citing a potential professional engagement that might require him to consult the company in his capacity as a Chartered Accountant, even though the assignment's materiality did not exceed independence thresholds.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
8.1% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).