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 ₹ 6,359 Cr.
- Current Price ₹ 169
- High / Low ₹ 263 / 135
- Stock P/E 40.5
- Book Value ₹ 44.1
- Dividend Yield 0.54 %
- ROCE 13.5 %
- ROE 10.3 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 24.2%
Cons
- Company has a low return on equity of 13.4% over last 3 years.
- Earnings include an other income of Rs.123 Cr.
- Working capital days have increased from 445 days to 832 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 267 | 192 | 212 | 158 | 193 | 166 | 107 | 120 | 237 | 798 | 708 | 395 | |
| 260 | 175 | 190 | 130 | 175 | 126 | 109 | 116 | 175 | 661 | 549 | 304 | |
| Operating Profit | 7 | 17 | 21 | 29 | 18 | 41 | -2 | 4 | 61 | 137 | 160 | 91 |
| OPM % | 3% | 9% | 10% | 18% | 9% | 25% | -2% | 3% | 26% | 17% | 23% | 23% |
| 45 | 68 | 52 | 67 | 90 | 108 | 96 | 114 | 75 | 83 | 96 | 123 | |
| Interest | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 0 | 5 | 5 | 4 |
| Depreciation | 10 | 10 | 7 | 5 | 5 | 4 | 5 | 6 | 5 | 7 | 7 | 7 |
| Profit before tax | 41 | 73 | 65 | 89 | 102 | 143 | 89 | 110 | 131 | 209 | 244 | 202 |
| Tax % | 31% | 31% | 34% | 33% | 28% | 24% | 22% | 16% | 19% | 20% | 20% | 23% |
| 29 | 51 | 43 | 60 | 74 | 109 | 69 | 92 | 106 | 166 | 195 | 157 | |
| EPS in Rs | 0.77 | 1.36 | 1.16 | 1.61 | 1.98 | 2.92 | 1.85 | 2.49 | 2.85 | 4.47 | 5.26 | 4.18 |
| Dividend Payout % | 23% | 13% | 88% | 22% | 18% | 29% | 20% | 24% | 44% | 20% | 31% | 22% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 30% |
| 3 Years: | 19% |
| TTM: | -44% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 18% |
| 3 Years: | 14% |
| TTM: | -19% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 69% |
| 3 Years: | 23% |
| 1 Year: | -16% |
| Return on Equity | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 12% |
| 3 Years: | 13% |
| 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 | 1,326 | 1,581 |
| 7 | 3 | 0 | 0 | 0 | 10 | 0 | 0 | 0 | 11 | 9 | 0 | |
| 137 | 74 | 73 | 96 | 70 | 55 | 68 | 106 | 105 | 252 | 171 | 113 | |
| Total Liabilities | 732 | 708 | 696 | 780 | 798 | 871 | 929 | 1,037 | 1,109 | 1,399 | 1,579 | 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 | 534 | 477 |
| 624 | 533 | 517 | 528 | 626 | 728 | 790 | 856 | 914 | 1,062 | 1,000 | 1,248 | |
| Total Assets | 732 | 708 | 696 | 780 | 798 | 871 | 929 | 1,037 | 1,109 | 1,399 | 1,579 | 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 | 242 | 15 | |
| -7 | 50 | 31 | -58 | 7 | 22 | 22 | -11 | 41 | -31 | -216 | -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 | 89 | -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 | 450 | 509 | 402 | 696 | 686 | 1,115 | 1,886 | 1,483 | 840 | 263 | 239 | 832 |
| ROCE % | 7% | 9% | 10% | 12% | 13% | 19% | 11% | 12% | 14% | 20% | 19% | 13% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Acquisition
10h - Acquired 36.07% shares of MRHPL at Rs.215/share; MRHPL becomes wholly owned subsidiary.
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Regulation 30 Of SEBI (LODR) Regulations, 2015 - Assignment Of LLC Interest
28 May - Man Infraconstruction acquires 25% in MICL TIGERTAIL LLC for US$1 million to expand real estate business.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
27 May - Copies of newspaper advertisements published in today''s Business Standard (English) and Mumbai Lakshadeep (Marathi) newspapers, intimating inter-alia, Dispatch of Postal Ballot Notice dated May 20, …
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 26 May
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
23 May - Transcript of the Q4 FY25 Earnings Conference Call held on Tuesday, May 20, 2025.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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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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Financial Year 2012
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Concalls
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May 2025Transcript PPT
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Feb 2025TranscriptNotesPPT
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Nov 2024TranscriptNotesPPT
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Aug 2024TranscriptNotesPPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT REC
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Feb 2023Transcript PPT
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Nov 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Jun 2021TranscriptNotesPPT
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Feb 2021TranscriptNotesPPT
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Jul 2020TranscriptNotesPPT
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May 2019TranscriptNotesPPT
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Feb 2019TranscriptNotesPPT
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Nov 2018TranscriptNotesPPT
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May 2018TranscriptNotesPPT
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Nov 2017TranscriptNotesPPT
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Aug 2017TranscriptNotesPPT
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Sep 2016TranscriptNotesPPT
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Jun 2016TranscriptNotesPPT
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Dec 2015TranscriptNotesPPT
Business Segments