Man Infraconstruction Limited (IN:MANINFRA)
:MANINFRA
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Man Infraconstruction Limited
(MANINFRA)
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Rating:68Neutral
Price Target:
₹130.00
▲(0.39% Upside)
Action:Downgraded
Date:05/15/26
The score is driven primarily by a strong balance sheet with very low leverage, partially offset by weakening revenue trends and softer cash-flow conversion. Technicals are supportive but somewhat extended and still below the 200-day average, while valuation is less attractive given the higher P/E and modest dividend yield.
Positive Factors
Strong balance sheet
Very low leverage and materially higher equity provide a durable financial buffer. This supports resilience through construction cycles, enables competitive bidding, funds mobilization and dispute absorption, and reduces refinancing risk—strengths that remain relevant across 2–6 months.
Negative Factors
Declining revenue
Multi-year revenue contraction and a steep FY2026 decline reduce operating leverage and increase earnings sensitivity to new order wins. Persistent top-line weakness can erode backlog visibility, constrain scale efficiencies, and pressure long-term growth prospects.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong balance sheet
Very low leverage and materially higher equity provide a durable financial buffer. This supports resilience through construction cycles, enables competitive bidding, funds mobilization and dispute absorption, and reduces refinancing risk—strengths that remain relevant across 2–6 months.
Read all positive factors
Man Infraconstruction Limited (MANINFRA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹48.06B
Dividend Yield1.03%
Average Volume (3M)25.67K
Price to Earnings (P/E)15.5
Beta (1Y)1.71
Revenue Growth-43.10%
EPS Growth-32.97%
CountryIN
Employees800
SectorReal Estate
Sector Strength53
IndustryEngineering & Construction
Share Statistics
EPS (TTM)7.16
Shares Outstanding403,666,500
10 Day Avg. Volume25,421
30 Day Avg. Volume25,671
Financial Highlights & Ratios
PEG Ratio-0.47
Price to Book (P/B)1.37
Price to Sales (P/S)4.92
P/FCF Ratio51.92
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Man Infraconstruction Limited Business Overview & Revenue Model
Company Description
Man Infraconstruction Limited engages in the civil construction business in India. Its port infrastructure services comprise the construction of onshore container terminals and freight stations; reclamation of land; consolidation of soil; and oper...
How the Company Makes Money
MANINFRA primarily makes money by executing construction and infrastructure contracts and recognizing revenue based on contract progress and milestones. Key revenue streams typically include: (1) Contract revenues from civil construction works—pay...
Man Infraconstruction Limited Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
88
Very Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.68B | 6.30B | 11.08B | 12.63B | 18.51B | 9.61B |
| Gross Profit | 5.10B | 2.53B | 5.83B | 5.99B | 7.33B | 4.45B |
| EBITDA | 3.68B | 1.29B | 3.24B | 4.22B | 4.60B | 4.47B |
| Net Income | 2.71B | 2.01B | 2.83B | 3.00B | 2.59B | 2.16B |
Balance Sheet | ||||||
| Total Assets | 25.47B | 27.78B | 21.77B | 21.55B | 17.81B | 17.17B |
| Cash, Cash Equivalents and Short-Term Investments | 7.21B | 6.43B | 5.24B | 7.30B | 3.03B | 5.08B |
| Total Debt | 314.91M | 639.79M | 356.01M | 1.31B | 2.06B | 5.57B |
| Total Liabilities | 3.35B | 4.65B | 3.33B | 6.38B | 6.36B | 7.87B |
| Stockholders Equity | 21.86B | 22.66B | 17.63B | 14.63B | 10.89B | 8.60B |
Cash Flow | ||||||
| Free Cash Flow | 161.29M | 597.68M | 1.30B | 5.73B | 4.41B | 3.47B |
| Operating Cash Flow | 161.29M | 651.03M | 1.33B | 5.73B | 4.48B | 1.87B |
| Investing Cash Flow | -3.66B | -4.49B | -1.15B | -3.97B | -1.02B | 275.12M |
| Financing Cash Flow | 2.88B | 3.18B | -1.16B | -278.56M | -4.58B | -821.95M |
Man Infraconstruction Limited Technical Analysis
Positive
129.50
Price Trends
103.27
Positive
109.65
Positive
128.67
Negative
Market Momentum
5.53
Positive
56.48
Neutral
12.10
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MANINFRA, the sentiment is Positive. The current price of 129.5 is above the 20-day moving average (MA) of 119.89, above the 50-day MA of 103.27, and above the 200-day MA of 128.67, indicating a neutral trend. The MACD of 5.53 indicates Positive momentum. The RSI at 56.48 is Neutral, neither overbought nor oversold. The STOCH value of 12.10 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:MANINFRA.
Man Infraconstruction Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹35.13B | 0.56 | ― | ― | -20.53% | 87.83% | |
70 Outperform | ₹35.00B | 11.13 | ― | 0.16% | -42.03% | -61.34% | |
68 Neutral | ₹48.06B | 15.47 | ― | 1.03% | -43.10% | -32.97% | |
67 Neutral | ₹37.00B | 13.34 | ― | 0.67% | 5.19% | 3.24% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | ₹39.21B | 13.05 | ― | 0.25% | -4.35% | -28.49% | |
53 Neutral | ₹54.26B | 21.04 | ― | 0.23% | -28.83% | -29.62% |
* Real Estate Sector Average
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Man Infraconstruction Limited Corporate Events
Man Infraconstruction Clears FY26 Results, Declares Interim Dividend for FY27
May 13, 2026
Man Infraconstruction Limited’s board has approved the audited standalone and consolidated financial results for the quarter and year ended 31 March 2026, with the statutory auditors issuing an unmodified opinion, underscoring the reliabilit...
Man Infraconstruction Reports No Deviation in Use of Warrant Issue Proceeds
May 13, 2026
Man Infraconstruction Limited has disclosed the monitoring agency report for the quarter ended March 31, 2026 on the utilization of proceeds from its preferential issue of convertible warrants. The report, prepared by ICRA Limited and reviewed by ...
MICL Group Unit Buys South Mumbai Project With Over Rs 2,000 Crore Sales Potential
Apr 29, 2026
Man Infraconstruction Limited, through its MICL Group entity Man Aaradhya Infraconstruction LLP, has acquired a new residential project in South Mumbai, specifically in the Tardeo area. The project is described as the group’s third residenti...
Man Infraconstruction Promoters Confirm No Encumbrance on Shares for FY 2025-26
Apr 8, 2026
Man Infraconstruction Limited has informed the stock exchanges that it has filed the required disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 for the financial year ended March 31, ...
MICL Group Secures Key Approval Milestone for Ultra-Luxury Pali Hill Project
Feb 24, 2026
MICL Group has announced a further update on its ultra-luxurious residential project at Pali Hill, Bandra West, stating that it has received the Intimation of Disapproval (IOD), a key regulatory milestone in Mumbai’s real estate approval pro...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.