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 ₹ 4,180 Cr.
- Current Price ₹ 104
- High / Low ₹ 187 / 77.1
- Stock P/E 27.0
- Book Value ₹ 52.0
- Dividend Yield 0.86 %
- ROCE 10.9 %
- ROE 8.24 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 22.8%
Cons
- Company has a low return on equity of 11.0% over last 3 years.
- Earnings include an other income of Rs.152 Cr.
- Promoter holding has decreased over last 3 years: -4.66%
- Working capital days have increased from 785 days to 1,285 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
Consumer Discretionary Realty Realty Residential, Commercial Projects
Part of BSE Consumer Discretionary BSE 1000
Quarterly 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 192 | 212 | 158 | 193 | 166 | 107 | 120 | 237 | 798 | 708 | 395 | 286 | |
| 175 | 190 | 130 | 175 | 126 | 109 | 116 | 175 | 661 | 550 | 304 | 223 | |
| Operating Profit | 17 | 21 | 29 | 18 | 41 | -2 | 4 | 61 | 137 | 158 | 91 | 63 |
| OPM % | 9% | 10% | 18% | 9% | 25% | -2% | 3% | 26% | 17% | 22% | 23% | 22% |
| 68 | 52 | 67 | 90 | 108 | 96 | 114 | 75 | 83 | 125 | 123 | 152 | |
| Interest | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 0 | 5 | 5 | 4 | 4 |
| Depreciation | 10 | 7 | 5 | 5 | 4 | 5 | 6 | 5 | 7 | 7 | 7 | 9 |
| Profit before tax | 73 | 65 | 89 | 102 | 143 | 89 | 110 | 131 | 209 | 271 | 202 | 201 |
| Tax % | 31% | 34% | 33% | 28% | 24% | 22% | 16% | 19% | 20% | 21% | 23% | 23% |
| 51 | 43 | 60 | 74 | 109 | 69 | 92 | 106 | 166 | 215 | 157 | 155 | |
| EPS in Rs | 1.36 | 1.16 | 1.61 | 1.98 | 2.92 | 1.85 | 2.49 | 2.85 | 4.47 | 5.80 | 4.18 | 3.84 |
| Dividend Payout % | 13% | 88% | 22% | 18% | 29% | 20% | 24% | 44% | 20% | 28% | 22% | 19% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 19% |
| 3 Years: | -29% |
| TTM: | -28% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 11% |
| 3 Years: | -2% |
| TTM: | -1% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 20% |
| 3 Years: | -4% |
| 1 Year: | -46% |
| Return on Equity | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 12% |
| 3 Years: | 11% |
| Last Year: | 8% |
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 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 74 | 74 | 74 | 75 | 81 |
| Reserves | 581 | 574 | 634 | 678 | 757 | 811 | 881 | 930 | 1,062 | 1,412 | 1,581 | 2,020 |
| 3 | 0 | 0 | 0 | 10 | 0 | 0 | 0 | 11 | 9 | 0 | 0 | |
| 74 | 73 | 96 | 70 | 55 | 68 | 106 | 105 | 252 | 169 | 113 | 120 | |
| Total Liabilities | 708 | 696 | 780 | 798 | 871 | 929 | 1,037 | 1,109 | 1,399 | 1,664 | 1,769 | 2,220 |
| 36 | 31 | 32 | 30 | 52 | 48 | 44 | 41 | 44 | 46 | 45 | 49 | |
| CWIP | 0 | 0 | 0 | 0 | 2 | 0 | 1 | 2 | 0 | 0 | 0 | 0 |
| Investments | 139 | 148 | 220 | 142 | 90 | 90 | 136 | 152 | 293 | 473 | 477 | 866 |
| 533 | 517 | 528 | 626 | 728 | 790 | 856 | 914 | 1,062 | 1,145 | 1,248 | 1,304 | |
| Total Assets | 708 | 696 | 780 | 798 | 871 | 929 | 1,037 | 1,109 | 1,399 | 1,664 | 1,769 | 2,220 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -14 | 20 | 35 | 27 | -10 | 15 | 23 | 16 | 25 | 230 | 15 | 47 | |
| 50 | 31 | -58 | 7 | 22 | 22 | -11 | 41 | -31 | -206 | -61 | -353 | |
| -20 | -46 | -0 | -30 | -32 | -15 | -23 | -32 | -37 | 64 | 9 | 284 | |
| Net Cash Flow | 16 | 6 | -23 | 4 | -20 | 22 | -12 | 26 | -43 | 87 | -36 | -22 |
| Free Cash Flow | -0 | 13 | 81 | 28 | -29 | 21 | 33 | 26 | 16 | 222 | 10 | 33 |
| CFO/OP | 42% | 181% | 203% | 330% | 51% | -2,131% | 1,119% | 68% | 45% | 181% | 69% | 152% |
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 | 243 | 210 | 276 | 112 | 135 | 111 | 127 | 118 | 99 | 32 | 55 | 46 |
| Inventory Days | 25 | 12 | 19 | 12 | 18 | 34 | 14 | 22 | 1 | 4 | 10 | 4 |
| Days Payable | 170 | 141 | 243 | 175 | 152 | 157 | 171 | 144 | 87 | 55 | 145 | 72 |
| Cash Conversion Cycle | 98 | 80 | 52 | -50 | 2 | -12 | -30 | -5 | 13 | -19 | -81 | -22 |
| Working Capital Days | 503 | 402 | 696 | 686 | 1,092 | 1,886 | 1,483 | 840 | 258 | 310 | 758 | 1,285 |
| ROCE % | 9% | 10% | 12% | 13% | 19% | 11% | 12% | 14% | 20% | 21% | 13% | 11% |
Insights
In beta| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Carpet Area Sold (Group, incl. JV/Associates/DM) Lakh sq ft |
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| Real Estate Collections (Group, incl. JV/Associates/DM) INR Cr |
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| Real Estate Sales (Group, incl. JV/Associates/DM) INR Cr |
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| EPC Order Book INR Cr |
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| Real Estate Portfolio GDV (Group) INR Cr |
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| Carpet Area Delivered (Cumulative, Group) Million sq ft |
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Extracted by Screener AI
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
1d - Regulation 74(5) compliance certificate filed for quarter ended June 30, 2026.
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Intimation On Equity Investment
1d - Subscribed to 13 lakh shares (26%) of Yogayatan Paradip SQB Terminal for Paradip Port BOT project.
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Announcement under Regulation 30 (LODR)-Change in Management
3 Jul - Mr. Rajiv N. Sheth appointed Independent Director from July 3, 2026 for five years, subject to approval.
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Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
30 Jun - Promoter Parag K. Shah bought 2,50,000 shares on 25.06.2026, raising holding to 29.72%.
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Closure of Trading Window
26 Jun - Trading window closed from July 1, 2026 until 48 hours after Q1 FY27 results.
Annual reports
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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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