Man Infraconstruction Ltd
Man Infraconstruction Limited (MICL) is an integrated EPC (Engineering, Procurement & Construction) company with experience and execution capabilities in Port, Residential, Commercial & Industrial and Road construction segments. [1]
- Market Cap ₹ 6,187 Cr.
- Current Price ₹ 161
- High / Low ₹ 263 / 135
- Stock P/E 35.8
- Book Value ₹ 44.1
- Dividend Yield 0.56 %
- ROCE 13.1 %
- ROE 9.94 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 23.2%
Cons
- Promoter holding has decreased over last quarter: -4.59%
- Company has a low return on equity of 13.6% over last 3 years.
- Earnings include an other income of Rs.147 Cr.
- Working capital days have increased from 442 days to 758 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Construction Construction Civil Construction
Part of BSE SmallCap BSE Allcap BSE Industrials Nifty Microcap 250 Nifty Total Market
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 267 | 192 | 212 | 158 | 193 | 166 | 107 | 120 | 237 | 798 | 708 | 395 | 387 | |
| 260 | 175 | 190 | 130 | 175 | 126 | 109 | 116 | 175 | 661 | 550 | 304 | 305 | |
| Operating Profit | 7 | 17 | 21 | 29 | 18 | 41 | -2 | 4 | 61 | 137 | 158 | 91 | 81 |
| OPM % | 3% | 9% | 10% | 18% | 9% | 25% | -2% | 3% | 26% | 17% | 22% | 23% | 21% |
| 45 | 68 | 52 | 67 | 90 | 108 | 96 | 114 | 75 | 83 | 125 | 123 | 147 | |
| Interest | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 0 | 5 | 5 | 4 | 5 |
| Depreciation | 10 | 10 | 7 | 5 | 5 | 4 | 5 | 6 | 5 | 7 | 7 | 7 | 8 |
| Profit before tax | 41 | 73 | 65 | 89 | 102 | 143 | 89 | 110 | 131 | 209 | 271 | 202 | 216 |
| Tax % | 31% | 31% | 34% | 33% | 28% | 24% | 22% | 16% | 19% | 20% | 21% | 23% | |
| 29 | 51 | 43 | 60 | 74 | 109 | 69 | 92 | 106 | 166 | 215 | 157 | 173 | |
| EPS in Rs | 0.77 | 1.36 | 1.16 | 1.61 | 1.98 | 2.92 | 1.85 | 2.49 | 2.85 | 4.47 | 5.80 | 4.18 | 4.57 |
| Dividend Payout % | 23% | 13% | 88% | 22% | 18% | 29% | 20% | 24% | 44% | 20% | 28% | 22% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 30% |
| 3 Years: | 19% |
| TTM: | -15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 18% |
| 3 Years: | 14% |
| TTM: | -2% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 56% |
| 3 Years: | 18% |
| 1 Year: | -17% |
| Return on Equity | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 13% |
| 3 Years: | 14% |
| Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 74 | 74 | 74 | 75 |
| Reserves | 539 | 581 | 574 | 634 | 678 | 757 | 811 | 881 | 930 | 1,062 | 1,412 | 1,581 |
| 7 | 3 | 0 | 0 | 0 | 10 | 0 | 0 | 0 | 11 | 9 | 0 | |
| 137 | 74 | 73 | 96 | 70 | 55 | 68 | 106 | 105 | 252 | 169 | 113 | |
| Total Liabilities | 732 | 708 | 696 | 780 | 798 | 871 | 929 | 1,037 | 1,109 | 1,399 | 1,664 | 1,769 |
| 48 | 36 | 31 | 32 | 30 | 52 | 48 | 44 | 41 | 44 | 46 | 45 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 1 | 2 | 0 | 0 | 0 |
| Investments | 59 | 139 | 148 | 220 | 142 | 90 | 90 | 136 | 152 | 293 | 473 | 477 |
| 624 | 533 | 517 | 528 | 626 | 728 | 790 | 856 | 914 | 1,062 | 1,145 | 1,248 | |
| Total Assets | 732 | 708 | 696 | 780 | 798 | 871 | 929 | 1,037 | 1,109 | 1,399 | 1,664 | 1,769 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 38 | -14 | 20 | 35 | 27 | -10 | 15 | 23 | 16 | 25 | 230 | 15 | |
| -7 | 50 | 31 | -58 | 7 | 22 | 22 | -11 | 41 | -31 | -206 | -61 | |
| -22 | -20 | -46 | -0 | -30 | -32 | -15 | -23 | -32 | -37 | 64 | 9 | |
| Net Cash Flow | 9 | 16 | 6 | -23 | 4 | -20 | 22 | -12 | 26 | -43 | 87 | -36 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 176 | 243 | 210 | 276 | 112 | 135 | 111 | 127 | 118 | 99 | 32 | 55 |
| Inventory Days | 18 | 25 | 12 | 19 | 12 | 18 | 34 | 14 | 22 | 1 | 4 | 10 |
| Days Payable | 178 | 170 | 141 | 243 | 175 | 152 | 157 | 171 | 144 | 87 | 55 | 145 |
| Cash Conversion Cycle | 16 | 98 | 80 | 52 | -50 | 2 | -12 | -30 | -5 | 13 | -19 | -81 |
| Working Capital Days | 440 | 503 | 402 | 696 | 686 | 1,092 | 1,886 | 1,483 | 840 | 258 | 310 | 758 |
| ROCE % | 7% | 9% | 10% | 12% | 13% | 19% | 11% | 12% | 14% | 20% | 21% | 13% |
Documents
Announcements
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Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Acquisition Of Partnership Interest In Starcrete LLP.
1d - Acquired 23% partnership interest in Starcrete LLP for Rs.23.75 lakh on Sep 01, 2025; now holds 98%.
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Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015
29 Aug - Admire 1250 LLC contributed US$10 million to acquire 15.385% interest in 1250 JV LP (real estate), entity formed May 2024.
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Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015
26 Aug - MICL Global acquired 50% of Admire 1250 LLC effective 26 Aug 2025; initial capital contribution US$5 million.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
26 Aug - Newspaper Publication published in today''s newspaper for Postal Ballot Notice and information related to e-voting.
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 25 Aug
Annual reports
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Financial Year 2025
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Concalls
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Aug 2025TranscriptNotesPPT
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Sep 2016TranscriptNotesPPT
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Jun 2016TranscriptNotesPPT
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Dec 2015TranscriptNotesPPT
Business Segments