Man Infraconstruction Ltd

₹ 74.0 0.68%
02 Feb 12:43 p.m.
About

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]

Key Points

Business Segments
The Co has two business verticals EPC and Real Estate Development. In the EPC Business the Co has executed construction of around 25 million sq ft of Residential & Commercial Buildings and 7 Private Ports in India. The Co has also executed the construction of 3 Residential Towers of 55 storey which is one of the tallest towers’ in the western suburb of Mumbai. [1] [2]

  • Market Cap 2,749 Cr.
  • Current Price 74.0
  • High / Low 129 / 69.7
  • Stock P/E 16.7
  • Book Value 25.8
  • Dividend Yield 1.22 %
  • ROCE 33.7 %
  • ROE 27.8 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 34.1% CAGR over last 5 years
  • Debtor days have improved from 82.9 to 47.6 days.

Cons

  • Company has a low return on equity of 11.1% over last 3 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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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
44 66 95 23 43 152 209 153 247 297 264 352 401
42 83 90 9 29 123 170 84 171 252 209 285 307
Operating Profit 3 -16 6 14 13 29 40 69 77 44 55 67 94
OPM % 6% -25% 6% 60% 31% 19% 19% 45% 31% 15% 21% 19% 23%
7 8 9 6 7 6 8 7 176 12 11 8 14
Interest 14 15 13 12 13 15 18 17 17 14 14 15 15
Depreciation 2 2 2 2 2 2 4 2 2 3 3 2 3
Profit before tax -7 -25 -1 6 5 19 25 57 233 39 50 58 90
Tax % 88% 94% -40% 77% 108% 34% 22% 21% 26% -2% 16% 25% 30%
Net Profit -1 -1 -2 1 -0 13 20 45 172 40 41 44 63
EPS in Rs -0.08 0.04 -0.01 0.06 0.04 0.34 0.42 0.88 3.00 0.94 1.01 1.05 1.44
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
605 489 447 397 275 226 452 652 371 267 427 961 1,314
508 410 409 381 245 191 343 453 271 269 331 714 1,054
Operating Profit 97 79 38 17 29 35 109 199 101 -2 97 248 260
OPM % 16% 16% 9% 4% 11% 16% 24% 31% 27% -1% 23% 26% 20%
21 48 51 45 66 33 51 44 46 32 26 202 44
Interest 5 7 4 1 7 21 40 56 54 57 58 62 58
Depreciation 21 25 18 12 12 8 8 8 7 7 9 9 10
Profit before tax 91 95 67 48 75 39 112 179 85 -34 55 379 237
Tax % 30% 40% 27% 36% 35% 60% 42% 39% 50% 64% 40% 21%
Net Profit 63 57 49 31 49 15 66 109 43 -12 33 299 188
EPS in Rs 1.69 1.46 1.30 0.78 1.28 0.47 1.43 1.79 1.13 -0.19 0.86 5.83 4.44
Dividend Payout % 28% 41% 23% 23% 14% 215% 25% 20% 75% -191% 70% 22%
Compounded Sales Growth
10 Years: 7%
5 Years: 16%
3 Years: 37%
TTM: 72%
Compounded Profit Growth
10 Years: 16%
5 Years: 34%
3 Years: 74%
TTM: -5%
Stock Price CAGR
10 Years: 12%
5 Years: 13%
3 Years: 57%
1 Year: -39%
Return on Equity
10 Years: 8%
5 Years: 10%
3 Years: 11%
Last Year: 28%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
50 50 50 50 50 50 50 56 58 61 63 74 74
Reserves 460 489 529 549 588 552 605 639 644 620 625 785 882
15 37 26 82 158 283 305 430 442 393 493 557 457
277 324 248 202 148 139 239 233 210 235 288 300 474
Total Liabilities 801 899 853 883 943 1,024 1,198 1,351 1,347 1,298 1,456 1,716 1,887
111 80 73 58 43 37 40 34 83 81 59 60 67
CWIP 3 6 3 78 125 130 130 130 132 0 1 2 0
Investments 158 2 1 31 120 115 168 97 24 22 63 150 279
530 812 776 717 655 742 861 1,090 1,108 1,195 1,333 1,504 1,542
Total Assets 801 899 853 883 943 1,024 1,198 1,351 1,347 1,298 1,456 1,716 1,887

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
60 -85 -37 40 -45 -169 94 -169 16 88 78 187
-137 60 34 -107 50 63 -59 87 119 83 -84 28
-30 1 -12 77 6 118 -17 44 -129 -137 20 -82
Net Cash Flow -106 -23 -16 10 11 12 18 -39 6 34 14 132

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 117 111 121 131 182 199 77 54 132 112 89 48
Inventory Days 51 1,596 88 83 915 1,398 1,489 5,344 2,211 1,545 837
Days Payable 94 496 167 158 252 340 241 396 257 301 195
Cash Conversion Cycle 75 1,211 41 56 845 199 1,134 1,302 5,081 2,066 1,334 690
Working Capital Days 70 241 283 315 440 516 229 250 460 713 515 264
ROCE % 19% 17% 12% 7% 8% 7% 16% 23% 12% 2% 10% 34%

Shareholding Pattern

Numbers in percentages

8 recently
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
64.58 64.58 65.22 65.50 65.72 66.10 66.48 66.72 66.79 66.87 67.03 67.12
0.12 0.03 0.03 0.01 0.03 0.04 0.25 0.86 0.87 0.83 0.57 0.41
1.09 0.95 0.95 0.95 0.00 0.00 1.48 1.63 1.63 1.63 1.62 1.62
34.21 34.44 33.80 33.54 34.25 33.85 31.78 30.79 30.71 30.67 30.77 30.84

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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