Manas Properties Ltd
₹ 390
0.39%
02 Feb 2024
About
Incorporated in 2004, Manas Properties is in the business of construction, re-development, and leasing of properties[1]
Key Points
- Market Cap ₹ 162 Cr.
- Current Price ₹ 390
- High / Low ₹ /
- Stock P/E 5.55
- Book Value ₹ 297
- Dividend Yield 0.00 %
- ROCE 35.3 %
- ROE 28.4 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 35.7%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Earnings include an other income of Rs.41.7 Cr.
* 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
Consumer Discretionary Realty Realty Residential, Commercial Projects
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Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 2 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | |
| 0 | 0 | 0 | 1 | 1 | 4 | 4 | 1 | 7 | 4 | 5 | 4 | 5 | |
| Operating Profit | -0 | -0 | 1 | 1 | -1 | -4 | -4 | -1 | -7 | -4 | -5 | -4 | -5 |
| OPM % | 77% | 48% | -786% | ||||||||||
| 8 | 7 | 6 | 0 | 1 | 17 | 21 | 0 | 8 | 35 | 36 | 40 | 42 | |
| Interest | 11 | 9 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Profit before tax | -3 | -2 | 5 | 1 | 0 | 13 | 17 | -1 | 1 | 31 | 30 | 34 | 36 |
| Tax % | 0% | 0% | 2% | 41% | 17% | 18% | 13% | -6% | 19% | 19% | 20% | ||
| -3 | -2 | 5 | 1 | 0 | 11 | 14 | -1 | 1 | 25 | 24 | 28 | 29 | |
| EPS in Rs | -6.98 | -4.01 | 13.32 | 1.47 | 0.00 | 26.23 | 33.61 | -2.67 | 1.35 | 60.07 | 57.98 | 66.39 | 70.31 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | % |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 34% |
| 5 Years: | 15% |
| 3 Years: | 267% |
| TTM: | 20% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -2% |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | 31% |
| 5 Years: | 27% |
| 3 Years: | 36% |
| Last Year: | 28% |
Balance Sheet
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Reserves | -4 | -6 | -0 | 6 | 6 | 17 | 31 | 29 | 30 | 55 | 79 | 107 | 119 |
| 68 | 56 | 45 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | |
| 27 | 27 | 29 | 28 | 28 | 28 | 27 | 27 | 27 | 27 | 27 | 29 | 37 | |
| Total Liabilities | 95 | 81 | 78 | 38 | 39 | 50 | 62 | 61 | 62 | 87 | 110 | 140 | 160 |
| 0 | 0 | 0 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 36 | 35 | 2 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 33 | 33 | 33 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15 | 48 |
| 63 | 49 | 46 | 6 | 6 | 17 | 29 | 28 | 29 | 54 | 75 | 90 | 111 | |
| Total Assets | 95 | 81 | 78 | 38 | 39 | 50 | 62 | 61 | 62 | 87 | 110 | 140 | 160 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -3 | 1 | -10 | -1 | -1 | 10 | 12 | -0 | 1 | 26 | 22 | 28 | |
| 8 | 7 | 3 | 43 | -2 | -7 | -15 | -0 | 7 | -8 | 3 | -4 | |
| -5 | -8 | 7 | -39 | 0 | 0 | -0 | 0 | -0 | 0 | -0 | 0 | |
| Net Cash Flow | 0 | 0 | 0 | 3 | -3 | 3 | -3 | -0 | 8 | 18 | 24 | 24 |
| Free Cash Flow | -3 | 1 | -10 | -1 | -1 | 10 | 12 | -0 | 1 | 26 | 18 | 28 |
| CFO/OP | 11,433% | -1,100% | -794% | 40% | 165% | -396% | -392% | 124% | -19% | -731% | -528% | -749% |
Ratios
Figures in Rs. Crores
| 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 | 2 | 2 | 2,659 | 0 | ||||||||
| Inventory Days | 0 | |||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 2 | 2 | 2,659 | 0 | ||||||||
| Working Capital Days | -1,830 | -959 | -23,881 | -251,850 | ||||||||
| ROCE % | 11% | 12% | 14% | 4% | 0% | 82% | 60% | -3% | 2% | 66% | 42% | 35% |
Insights
In beta| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Lease Rental Income / Other Income INR Lakhs |
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| Number of Employees Count |
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| Number of Operational Properties Count |
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| Total Leasable Area (Juhu Property) Sq. Metres |
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Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Change in Management
2d - Khushboo Maheshwari appointed Company Secretary and Compliance Officer, effective 1 April 2026.
-
Appointment of Company Secretary and Compliance Officer
2d - Ms. Khushboo Maheshwari appointed Company Secretary and Compliance Officer, effective 1 April 2026.
-
Board Meeting Outcome for Appointment Of Company Secretary And Compliance Officer
2d - Appointment of Ms. Khushboo Maheshwari as Company Secretary and Compliance Officer effective 1 April 2026.
-
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
2d - 30 Mar 2026 EGM approved material related-party transaction with Dev Land & Housing Pvt Ltd; voting results submitted.
-
Shareholder Meeting / Postal Ballot-Outcome of EGM
30 Mar - 30 Mar 2026 EGM approved material related-party transaction with Dev Land & Housing Pvt Ltd; related parties abstained.
Business Overview:[1]
MPL is a part of the Dev Land and Housing Private Limited (DHL) Group. It is in the business of acquiring properties and leasing it out to clients. Company owns a property measuring 3,078 square metres of built up area at Santacruz (West), Mumbai. This property is leased out to Junobo Hotels Private Limited, for operating Soho House, a private luxury club the lease rentals. Apart from this, company also acts as a real estate marketing and consultancy company and the business is undertaken by DHL.