As of 6 Nov 2026, Man Infraconstruction trades at 19.9× trailing earnings, above the industry P/E of 16.4×, and the shares are 21% below their 52-week high. It earns ROCE of 12% and ROE of 9.5%, and sales and net profit fell 30% and 8.1% a year over 3 years. It has almost no debt, and its dividend yield is 1.1%. It is a small-cap company with a market cap of ₹4,336 Cr, ranked 26th of 156 Engineering & Construction companies by market cap; the shares fell 24% over the past year.
- ₹109.15
- ₹111.78
- ₹107.05
- ₹109.92
- 3.7 L
Health check
- ReturnsBehind
−24.1% over a year, better than 2 of 7 peers.
- Price tagPricier
P/E 19.9 vs industry 16.4.
- GrowthShrinking
Sales −30.4%, profit −8.1% a year over 3 years.
- ProfitabilityWeak
ROCE 12.3% vs peer median 19.9%.
- Balance sheetSolid
Practically debt-free.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Defensive
Key metrics
- Market cap
- ₹4,336 Cr
- Small cap
- P/E
- 19.9
- Industry 16.4
- Price to book
- 1.94
- Peers 4.92
- Dividend yield
- 1.06%
- ROE
- 9.5%
- Peers 17.9%
- ROCE
- 12.3%
- Peers 19.9%
- Debt to equity
- 0.02
- Debt ₹53 Cr
- EPS (TTM)
- ₹5.55
- Face value ₹2
- OPM (TTM)
- 26.0%
- Net margin 30.2%
- Sales growth
- +57.2%
- Latest quarter vs a year ago
- Profit growth
- +13.7%
- Latest quarter vs a year ago
- Price to sales
- 5.84
- EV/EBITDA 24.7
Strengths and risks
Strengths
- Practically debt-free.
- Quarterly sales up 57.2% on a year ago.
- Net margin of 30.2%.
About Man Infraconstruction
Man Infraconstruction Limited provides engineering, procurement, and construction services in India and internationally. The company's services include port infrastructure construction of onshore container terminals and freight stations; land reclamation; soil consolidation; and provision of operational services, including firefighting, sewerage, drainage systems, etc. It is also involved in the construction of commercial and institutional projects…
- Headquarters
- Mumbai
- Employees
- 216
- Sector
- Industrials
- ISIN
- INE949H01023
- Website
- maninfra.com
Price range
- Avg volume (3M)
- 19.3 L
- 1-year return
- minus 24.1%
- From 52-week high
- minus 20.6%
Peers · Engineering & Construction
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| LTLarsen & Toubro | 4,117.70 | plus 1.67% | 5,66,549 | 31.7 | 19.6 | 14.6% | 9.6% | 1.05 | 16.1% | plus 3.2% |
| RVNLRail Vikas Nigam | 193.34 | minus 0.18% | 40,312 | 44.9 | 56.9 | 11.0% | 4.3% | 0.49 | 0.2% | minus 40.5% |
| CEMPROCemindia Projects | 1,323.30 | plus 2.79% | 24,405 | 36.4 | 24.2 | 37.1% | 10.4% | 0.35 | 25.5% | plus 49.2% |
| KPILKalpataru Projects International | 1,370.80 | minus 0.04% | 23,410 | 19.7 | 10.1 | 19.9% | 8.3% | 0.46 | 18.4% | plus 4.3% |
| NBCCNBCC (India) | 78.00 | minus 2.90% | 21,060 | 26.5 | 19.8 | 34.3% | 6.1% | 0.00 | 12.9% | minus 29.5% |
| ENGINERSINEngineers India | 292.70 | minus 1.94% | 16,451 | 18.3 | 21.5 | 28.1% | 21.2% | 0.00 | 5.7% | plus 51.1% |
| WABAGVA Tech Wabag | 1,988.20 | plus 6.57% | 12,434 | 29.4 | 20.8 | 16.3% | 10.9% | 0.09 | 9.9% | plus 33.2% |
| MANINFRAMan Infraconstruction | 110.33 | plus 0.37% | 4,336 | 19.9 | 29.7 | – | 29.0% | 0.02 | −30.4% | minus 24.1% |
| Median of 7 peers | – | −0.04% | 23,410 | 29.4 | 20.8 | 19.9% | 9.6% | 0.35 | 12.9% | 4.3% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 169 | 153 | 146 | 218 | 266 | |
| 112 | 121 | 127 | 147 | 185 | |
| 57 | 32.8 | 18.9 | 71.5 | 80.6 | |
| 33.7% | 21.4% | 13.0% | 32.8% | 30.3% | |
| 25.8 | 45.1 | 42.5 | 21.5 | 19.7 | |
| 1.8 | 2.2 | 3.1 | 5.3 | 5.7 | |
| 2.9 | 3.5 | 3.6 | 3.1 | 3.4 | |
| 78.1 | 72.1 | 54.8 | 84.6 | 91.2 | |
| 23.1% | 28.4% | 25.1% | 25.9% | 28.5% | |
| 55.2 | 47 | 42.8 | 71.6 | 62.8 | |
| 1.38 | 1.16 | 1.06 | 1.77 | 1.56 |
Profit & loss
- Sales CAGR 3Y
- −30.4%
- Profit CAGR 3Y
- −8.1%
- EPS CAGR 3Y
- −10.0%
- ROE
- 9.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,851 | 1,232 | 1,100 | 623 | |
| – | minus 33.4% | minus 10.8% | minus 43.3% | |
| 1,433 | 899 | 774 | 490 | |
| 418 | 333 | 325 | 133 | |
| 22.6% | 27.0% | 29.6% | 21.4% | |
| 35.1 | 83.8 | 85.7 | 150 | |
| 49.8 | 21.6 | 7.7 | 5 | |
| 11.9 | 10 | 8.3 | 12.4 | |
| 5.7 | 11.7 | 5.9 | 19.2 | |
| 397 | 397 | 401 | 285 | |
| 27.2% | 23.6% | 21.9% | 25.9% | |
| 259 | 300 | 283 | 201 | |
| – | +16.2% | minus 5.9% | minus 29.1% | |
| 6.96 | 8.06 | 7.59 | 5.07 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 74.3 | 74.3 | 75.1 | 80.7 | |
| 1,015 | 1,389 | 1,688 | 2,186 | |
| 206 | 131 | 35.6 | 64 | |
| 486 | 560 | 378 | 448 | |
| 1,781 | 2,155 | 2,177 | 2,778 | |
| 53.1 | 42.7 | 41.2 | 54 | |
| 0 | 0.1 | 0.9 | 1.1 | |
| 9.9 | 24.3 | 30.1 | 34 | |
| 241 | 611 | 485 | 605 | |
| 1,476 | 1,476 | 1,621 | 2,084 | |
| 1,781 | 2,155 | 2,177 | 2,778 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 448 | 573 | 133 | −49.7 | |
| −102 | −397 | −115 | −323 | |
| −458 | −27.9 | −116 | 306 | |
| −111 | 148 | −97.8 | −66.7 | |
| −7.4 | – | −3 | −5.3 | |
| 441 | 573 | 130 | −55 | |
| −33.4 | −60.1 | −33.6 | −35.1 |
Shareholding pattern
- Promoters62.52%
- Public37.48%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 62.52% | 37.48% | 0.00 | |
| 30 Jun 2026 | 62.52% | 37.48% | plus 0.06 | |
| 31 Mar 2026 | 62.46% | 37.54% | plus 0.02 | |
| 31 Dec 2025 | 62.44% | 37.56% | plus 0.14 | |
| 30 Sep 2025 | 62.30% | 37.70% | – |
Major shareholders
Filings & events
News
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