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 ₹ 5,435 Cr.
- Current Price ₹ 134
- High / Low ₹ 263 / 117
- Stock P/E 20.0
- Book Value ₹ 54.2
- Dividend Yield 0.67 %
- ROCE 23.5 %
- ROE 17.5 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Debtor days have improved from 44.8 to 28.7 days.
Cons
- Promoter holding has decreased over last quarter: -2.80%
- Earnings include an other income of Rs.160 Cr.
- Working capital days have increased from 213 days to 350 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 397 | 275 | 226 | 452 | 652 | 371 | 267 | 427 | 961 | 1,890 | 1,263 | 1,108 | 868 | |
| 381 | 245 | 191 | 343 | 453 | 271 | 269 | 331 | 714 | 1,476 | 937 | 807 | 623 | |
| Operating Profit | 17 | 29 | 35 | 109 | 199 | 101 | -2 | 97 | 248 | 414 | 326 | 301 | 245 |
| OPM % | 4% | 11% | 16% | 24% | 31% | 27% | -1% | 23% | 26% | 22% | 26% | 27% | 28% |
| 45 | 66 | 33 | 51 | 44 | 46 | 32 | 26 | 202 | 53 | 116 | 123 | 160 | |
| Interest | 1 | 7 | 21 | 40 | 56 | 54 | 57 | 58 | 62 | 58 | 35 | 15 | 13 |
| Depreciation | 12 | 12 | 8 | 8 | 8 | 7 | 7 | 9 | 9 | 11 | 10 | 8 | 10 |
| Profit before tax | 48 | 75 | 39 | 112 | 179 | 85 | -34 | 55 | 379 | 397 | 397 | 401 | 382 |
| Tax % | 36% | 35% | 60% | 42% | 39% | 50% | -64% | 40% | 21% | 27% | 24% | 22% | |
| 31 | 49 | 15 | 66 | 109 | 43 | -12 | 33 | 299 | 289 | 303 | 313 | 300 | |
| EPS in Rs | 0.78 | 1.28 | 0.47 | 1.43 | 1.79 | 1.13 | -0.19 | 0.86 | 5.83 | 6.96 | 8.09 | 7.53 | 7.09 |
| Dividend Payout % | 23% | 14% | 215% | 25% | 20% | 75% | -191% | 70% | 22% | 13% | 20% | 12% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 33% |
| 3 Years: | 5% |
| TTM: | -22% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 111% |
| 3 Years: | 9% |
| TTM: | 0% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 43% |
| 3 Years: | 18% |
| 1 Year: | -45% |
| Return on Equity | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 20% |
| 3 Years: | 22% |
| Last Year: | 17% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 74 | 74 | 74 | 75 | 81 |
| Reserves | 549 | 588 | 552 | 605 | 639 | 644 | 620 | 625 | 785 | 1,015 | 1,389 | 1,688 | 2,105 |
| 82 | 158 | 283 | 305 | 437 | 450 | 405 | 506 | 557 | 206 | 131 | 36 | 31 | |
| 202 | 148 | 139 | 239 | 226 | 202 | 224 | 275 | 300 | 486 | 560 | 378 | 329 | |
| Total Liabilities | 883 | 943 | 1,024 | 1,198 | 1,351 | 1,347 | 1,298 | 1,456 | 1,716 | 1,781 | 2,154 | 2,177 | 2,547 |
| 58 | 43 | 37 | 40 | 34 | 83 | 81 | 59 | 60 | 61 | 53 | 49 | 64 | |
| CWIP | 78 | 125 | 130 | 130 | 130 | 132 | 0 | 1 | 2 | 0 | 0 | 0 | 0 |
| Investments | 31 | 120 | 115 | 168 | 97 | 24 | 22 | 63 | 150 | 113 | 277 | 272 | 458 |
| 717 | 655 | 742 | 861 | 1,090 | 1,108 | 1,195 | 1,333 | 1,504 | 1,607 | 1,824 | 1,856 | 2,024 | |
| Total Assets | 883 | 943 | 1,024 | 1,198 | 1,351 | 1,347 | 1,298 | 1,456 | 1,716 | 1,781 | 2,154 | 2,177 | 2,547 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 40 | -45 | -169 | 94 | -169 | 16 | 88 | 78 | 187 | 448 | 573 | 133 | |
| -107 | 50 | 63 | -59 | 87 | 119 | 83 | -84 | 28 | -102 | -397 | -115 | |
| 77 | 6 | 118 | -17 | 44 | -129 | -137 | 20 | -91 | -458 | -28 | -116 | |
| Net Cash Flow | 10 | 11 | 12 | 18 | -39 | 6 | 34 | 14 | 123 | -111 | 148 | -98 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 131 | 182 | 199 | 77 | 54 | 132 | 112 | 89 | 48 | 64 | 42 | 29 |
| Inventory Days | 83 | 915 | 1,398 | 1,489 | 5,344 | 2,211 | 1,545 | 837 | 186 | 743 | 950 | |
| Days Payable | 158 | 252 | 340 | 241 | 396 | 257 | 301 | 195 | 97 | 181 | 141 | |
| Cash Conversion Cycle | 56 | 845 | 199 | 1,134 | 1,302 | 5,081 | 2,066 | 1,334 | 690 | 153 | 604 | 838 |
| Working Capital Days | 300 | 377 | 433 | 191 | 224 | 413 | 713 | 359 | 195 | 94 | 194 | 350 |
| ROCE % | 7% | 8% | 7% | 15% | 21% | 12% | 2% | 10% | 33% | 32% | 28% | 24% |
Documents
Announcements
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 1 Dec
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 28 Nov
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Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
28 Nov - Promoter Parag K. Shah bought 90,000 shares (0.02%) on 25.11.2025 via open market.
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Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
25 Nov - Promoter Parag K. Shah bought 100,000 shares on 24.11.2025, raising his stake to 29.52%.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
14 Nov - Read with Schedule III and Regulation 47 of SEBI LODR Regulations, 2015, please find enclosed e-copies of newspaper advertisements published on 14th November, 2025, in …
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