Manav Infra Projects Ltd

Manav Infra Projects Ltd

₹ 22.4 0.00%
22 Feb - close price
About

Incorporated in 1995, Manav Infra Projects
is in the business of Excavation and Piling[1]

Key Points

Business Overview[1][2]
Company does excavation, piling and road construction, and pre-stressed rock anchoring. It has a complete range of earth-moving equipment and machines for construction work viz. Excavators, JCB, Loaders, Pilings, Rock Breakers, Transportation Vehicles, etc. which it provides on rent across India. Company has a presence in Maharashtra, Goa, Gujarat, Rajasthan, Karnataka, Telangana, and Andhra Pradesh.

  • Market Cap 15.3 Cr.
  • Current Price 22.4
  • High / Low 23.5 / 9.05
  • Stock P/E 8.02
  • Book Value -4.58
  • Dividend Yield 0.00 %
  • ROCE 28.7 %
  • ROE %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Debtor days have improved from 201 to 104 days.
  • Company's working capital requirements have reduced from 203 days to 61.7 days

Cons

  • The company has delivered a poor sales growth of -10.6% over past five years.

* 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

Sector: Construction Industry: Construction

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Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023
4.41 4.23 2.48 2.57 2.19 3.20 4.40 8.57 5.52
4.62 6.93 4.11 4.80 4.33 4.83 4.53 4.83 4.53
Operating Profit -0.21 -2.70 -1.63 -2.23 -2.14 -1.63 -0.13 3.74 0.99
OPM % -4.76% -63.83% -65.73% -86.77% -97.72% -50.94% -2.95% 43.64% 17.93%
0.03 0.29 0.00 0.01 0.01 -0.01 0.00 0.12 0.00
Interest 0.73 0.68 0.70 0.63 0.46 0.77 0.71 0.75 0.63
Depreciation 1.07 1.08 0.81 0.78 0.54 0.53 0.37 0.71 0.24
Profit before tax -1.98 -4.17 -3.14 -3.63 -3.13 -2.94 -1.21 2.40 0.12
Tax % 0.00% 5.76% 0.00% 0.00% 0.00% 3.06% 0.00% 24.17% 25.00%
-1.97 -3.93 -3.13 -3.63 -3.13 -2.85 -1.20 1.82 0.09
EPS in Rs -2.88 -5.75 -4.58 -5.31 -4.58 -4.17 -1.76 2.66 0.13
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
14.65 12.00 11.97 14.84 16.44 18.08 20.87 15.53 8.62 5.05 5.39 11.95 14.09
13.50 8.79 9.03 14.39 14.50 15.89 17.64 11.99 11.34 7.93 7.23 9.13 9.36
Operating Profit 1.15 3.21 2.94 0.45 1.94 2.19 3.23 3.54 -2.72 -2.88 -1.84 2.82 4.73
OPM % 7.85% 26.75% 24.56% 3.03% 11.80% 12.11% 15.48% 22.79% -31.55% -57.03% -34.14% 23.60% 33.57%
0.00 0.11 0.00 1.39 -0.03 0.22 0.26 0.02 0.14 -0.95 -0.07 0.10 0.12
Interest 0.00 1.19 1.48 0.65 0.89 1.05 1.20 1.38 1.41 1.34 1.24 1.46 1.38
Depreciation 0.00 1.52 1.06 0.82 0.60 0.57 1.03 1.80 2.15 1.59 1.07 0.71 0.95
Profit before tax 1.15 0.61 0.40 0.37 0.42 0.79 1.26 0.38 -6.14 -6.76 -4.22 0.75 2.52
Tax % 32.17% 36.07% 50.00% 100.00% -45.24% -30.38% -0.79% -15.79% 3.91% 2.51% 2.13% 21.33%
0.78 0.39 0.21 0.00 0.61 1.03 1.27 0.44 -5.90 -6.59 -4.13 0.60 1.91
EPS in Rs 3.90 1.95 1.05 0.00 3.05 5.15 1.86 0.64 -8.63 -9.64 -6.04 0.88 2.79
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: 0%
5 Years: -11%
3 Years: 12%
TTM: 85%
Compounded Profit Growth
10 Years: 3%
5 Years: -13%
3 Years: 28%
TTM: 147%
Stock Price CAGR
10 Years: %
5 Years: 34%
3 Years: 70%
1 Year: 172%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 2.00 2.00 2.00 2.00 2.00 2.00 6.84 6.84 6.84 6.84 6.84 6.84 6.84
Reserves 1.67 2.04 2.24 2.25 2.82 3.85 5.79 6.22 0.06 -6.53 -10.66 -10.06 -9.97
6.48 7.80 7.34 2.58 3.31 3.63 6.62 11.26 11.59 11.36 11.97 9.83 9.48
4.29 3.41 3.52 4.27 5.70 3.55 2.97 3.13 2.70 2.52 2.07 2.98 2.22
Total Liabilities 14.44 15.25 15.10 11.10 13.83 13.03 22.22 27.45 21.19 14.19 10.22 9.59 8.57
5.11 3.54 2.48 1.87 1.37 2.30 3.74 7.01 5.55 3.79 2.48 1.67 1.37
CWIP 0.00 2.17 2.31 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 0.00 0.00 0.00 0.07 0.06 0.06 0.06 0.06 0.06 0.00 0.00
9.33 9.54 10.31 9.23 12.46 10.66 18.42 20.38 15.58 10.34 7.68 7.92 7.20
Total Assets 14.44 15.25 15.10 11.10 13.83 13.03 22.22 27.45 21.19 14.19 10.22 9.59 8.57

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
2.29 3.74 2.92 0.23 -0.49 -3.43 3.90 1.75 1.03 1.12 3.37
-2.12 -0.13 3.48 -0.13 -1.96 -2.96 -5.87 -0.68 1.61 0.59 0.06
1.22 -1.97 -5.79 0.34 -1.47 6.12 1.95 -1.11 -2.37 -1.93 -3.47
Net Cash Flow 1.38 1.63 0.61 0.45 -3.92 -0.26 -0.02 -0.04 0.27 -0.22 -0.04

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 172.91 201.97 78.98 71.82 116.78 107.40 159.85 253.36 269.30 256.58 242.43 104.15
Inventory Days 0.00 0.00 155.61 242.15 641.34 385.76 0.00 0.00
Days Payable 254.20 106.83 252.69 256.02
Cash Conversion Cycle 172.91 201.97 78.98 71.82 116.78 8.82 295.17 253.36 657.95 386.32 242.43 104.15
Working Capital Days 85.96 128.36 128.38 8.85 38.63 108.61 239.60 342.44 416.66 346.93 201.80 61.70
ROCE % 12.34% 16.28% 16.05% -3.91% 17.91% 20.90% 15.45% 8.17% -21.35% -29.58% -29.26% 28.73%

Shareholding Pattern

Numbers in percentages

1 Recently
Sep 2018Mar 2019Sep 2019Dec 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023
73.13% 73.13% 73.13% 73.13% 73.13% 73.13% 73.13% 73.13% 73.13% 73.13% 73.13% 73.13%
26.87% 26.87% 26.88% 26.87% 26.86% 26.88% 26.87% 26.87% 26.87% 26.87% 26.87% 26.87%
No. of Shareholders 330314304298293284270267281273259248

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