Manav Infra Projects Ltd
Incorporated in 1995, Manav Infra Projects Ltd
is engaged in providing infrastructural services.[1]
- Market Cap ₹ 58.3 Cr.
- Current Price ₹ 44.3
- High / Low ₹ 47.0 / 14.0
- Stock P/E 14.5
- Book Value ₹ 9.22
- Dividend Yield 0.00 %
- ROCE 33.2 %
- ROE 39.8 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Tax rate seems low
- Promoter holding has decreased over last 3 years: -4.29%
* 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.
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 14.84 | 16.44 | 18.08 | 20.87 | 15.53 | 8.62 | 5.05 | 5.39 | 11.95 | 14.31 | 24.50 | 41.56 | |
| 14.39 | 14.50 | 15.89 | 17.64 | 11.99 | 11.34 | 7.93 | 7.23 | 9.13 | 11.01 | 19.14 | 34.90 | |
| Operating Profit | 0.45 | 1.94 | 2.19 | 3.23 | 3.54 | -2.72 | -2.88 | -1.84 | 2.82 | 3.30 | 5.36 | 6.66 |
| OPM % | 3.03% | 11.80% | 12.11% | 15.48% | 22.79% | -31.55% | -57.03% | -34.14% | 23.60% | 23.06% | 21.88% | 16.03% |
| 1.39 | -0.03 | 0.22 | 0.26 | 0.02 | 0.14 | -0.95 | -0.07 | 0.10 | -0.03 | 0.10 | 0.29 | |
| Interest | 0.65 | 0.89 | 1.05 | 1.20 | 1.38 | 1.41 | 1.34 | 1.24 | 1.46 | 1.19 | 1.53 | 0.90 |
| Depreciation | 0.82 | 0.60 | 0.57 | 1.03 | 1.80 | 2.15 | 1.59 | 1.07 | 0.71 | 0.50 | 0.83 | 1.43 |
| Profit before tax | 0.37 | 0.42 | 0.79 | 1.26 | 0.38 | -6.14 | -6.76 | -4.22 | 0.75 | 1.58 | 3.10 | 4.62 |
| Tax % | 100.00% | -45.24% | -30.38% | -0.79% | -15.79% | -3.91% | -2.51% | -2.13% | 21.33% | 26.58% | -3.55% | 12.99% |
| 0.00 | 0.61 | 1.03 | 1.27 | 0.44 | -5.90 | -6.59 | -4.13 | 0.60 | 1.16 | 3.22 | 4.03 | |
| EPS in Rs | 0.00 | 1.52 | 2.58 | 0.93 | 0.32 | -4.31 | -4.81 | -3.01 | 0.44 | 0.85 | 2.45 | 3.06 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 52% |
| 3 Years: | 52% |
| TTM: | 70% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | 22% |
| 3 Years: | 97% |
| TTM: | 29% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 60% |
| 3 Years: | 52% |
| 1 Year: | 190% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 40% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2.00 | 2.00 | 2.00 | 6.84 | 6.84 | 6.84 | 6.84 | 6.84 | 6.84 | 6.84 | 13.16 | 13.16 |
| Reserves | 2.25 | 2.82 | 3.85 | 5.79 | 6.22 | 0.06 | -6.53 | -10.66 | -10.06 | -8.91 | -5.06 | -1.03 |
| 2.58 | 3.31 | 3.63 | 6.62 | 11.26 | 11.59 | 11.36 | 11.97 | 9.83 | 9.38 | 7.29 | 5.71 | |
| 4.27 | 5.70 | 3.55 | 2.97 | 3.13 | 2.70 | 2.52 | 2.07 | 2.98 | 3.90 | 6.24 | 6.15 | |
| Total Liabilities | 11.10 | 13.83 | 13.03 | 22.22 | 27.45 | 21.19 | 14.19 | 10.22 | 9.59 | 11.21 | 21.63 | 23.99 |
| 1.87 | 1.37 | 2.30 | 3.74 | 7.01 | 5.55 | 3.79 | 2.48 | 1.67 | 1.66 | 3.33 | 6.59 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.07 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.00 | 0.15 | 0.00 | 0.97 |
| 9.23 | 12.46 | 10.66 | 18.42 | 20.38 | 15.58 | 10.34 | 7.68 | 7.92 | 9.40 | 18.30 | 16.43 | |
| Total Assets | 11.10 | 13.83 | 13.03 | 22.22 | 27.45 | 21.19 | 14.19 | 10.22 | 9.59 | 11.21 | 21.63 | 23.99 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2.92 | 0.23 | -0.49 | -3.43 | 3.90 | 1.75 | 1.03 | 1.12 | 3.37 | 0.36 | 2.65 | 1.18 | |
| 3.48 | -0.13 | -1.96 | -2.96 | -5.87 | -0.68 | 1.61 | 0.59 | 0.06 | -0.61 | -2.45 | -5.71 | |
| -5.79 | 0.34 | -1.47 | 6.12 | 1.95 | -1.11 | -2.37 | -1.93 | -3.47 | 0.33 | 6.68 | -2.32 | |
| Net Cash Flow | 0.61 | 0.45 | -3.92 | -0.26 | -0.02 | -0.04 | 0.27 | -0.22 | -0.04 | 0.08 | 6.88 | -6.85 |
| Free Cash Flow | 6.40 | 0.10 | -1.75 | -5.67 | -1.17 | 1.07 | 1.03 | 1.36 | 3.47 | -0.13 | 0.15 | -3.82 |
| CFO/OP | 702% | 38% | -22% | -106% | 113% | -64% | -36% | -61% | 125% | 24% | 49% | 18% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 71.82 | 116.78 | 107.40 | 159.85 | 253.36 | 269.30 | 256.58 | 242.43 | 104.15 | 116.82 | 89.98 | 95.73 |
| Inventory Days | 0.00 | 0.00 | 155.61 | 242.15 | 641.34 | 385.76 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| Days Payable | 254.20 | 106.83 | 252.69 | 256.02 | ||||||||
| Cash Conversion Cycle | 71.82 | 116.78 | 8.82 | 295.17 | 253.36 | 657.95 | 386.32 | 242.43 | 104.15 | 116.82 | 89.98 | 95.73 |
| Working Capital Days | -29.27 | 4.44 | 62.18 | 178.74 | 229.15 | 211.29 | -60.71 | -268.16 | -146.31 | -60.45 | -1.49 | 51.73 |
| ROCE % | -3.91% | 17.91% | 20.90% | 15.45% | 8.17% | -21.35% | -29.58% | -29.26% | 28.73% | 40.23% | 39.91% | 33.22% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Permanent Employee Count Number |
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| Machinery Hiring/Contract Charges Rs. Lacs |
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| Plant & Machinery Capital Additions Rs. Lacs |
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| Plant & Machinery Gross Block Rs. Lacs |
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| Revenue Mix - Excavation Rs. Lacs |
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| Revenue Mix - Piling Rs. Lacs |
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| Borrowing Limit Approved Rs. Cr |
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Extracted by Screener AI
Documents
Announcements
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Outcome of Board Meeting
22 May 2026 - Board approved audited FY26 and H1 FY26 results; auditor issued unmodified opinion.
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Bagging/Receiving of orders/contracts
17 May 2026 - Received Rs. 12.29 crore shore piling work order from Adani Realty for Motilal Nagar redevelopment, Goregaon West.
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Bagging/Receiving of orders/contracts
11 May 2026 - Manav Infra received ₹2.99 crore extension work order from Kolte Patil Developers for Bangur Nagar piling and anchoring work.
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Structural Digital Database
9 May 2026 - Submitted SDD compliance certificate for FY ended 31 March 2026; 4 events captured, nil non-compliance.
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Bagging/Receiving of orders/contracts
8 May 2026 - Received infra work order worth Rs. 7.24 crore from Kanakia Transparent Developers for Borivali project.
Business Overview:[1][2]
MIPL is in the business of roads & highways, real estate, and other heavy civil construction work. The company undertakes infrastructure development, infrastructure projects, works contracts, site preparation, and clearance services for the real estate sector.