MAN INFRACONSTRUCTION LIMITED

BSE: MANINFRA533169ISIN INE949H01023

Consumer Discretionary
Residential, Commercial Projects
BSE 1000

Share price

₹107.30+1.60 (+1.51%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹147.65
52W low: ₹77.75
Off 52W high: -27.33%
1M return: -13.15%
3M return: -4.98%
6M return: -15.68%
1Y return: -25.90%
20D avg volume: 32,675
50 DMA: ₹118.76
200 DMA: ₹110.05

Key ratios Consolidated

Market cap: ₹4,331 Cr
Current price: ₹107.30
52W high / low: ₹147.65 / ₹77.75
Face value: ₹2.00
P/E: 19.63
P/B: 1.90
EPS (TTM): ₹5.47
Book value / share: ₹56.59
ROE: —
ROCE: 11.80%
Operating margin: —
Net margin: —
Debt / equity: 0.03
Net debt: ₹-27.84 Cr
Interest cover: 27.28
Dividend yield: 1.09%
Dividend / share (TTM): ₹1.17
Payout: 21.39%
Cash conversion cycle: 425.7 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	266.01	218.31	145.52	153.30	148.75	182.90	293.80	242.33	230.32	341.62	296.74	241.76
	16.59	16.61	41.37	38.54	38.48	43.18	34.03	32.67	29.65	26.80	35.52	19.59
	282.60	234.92	186.89	191.83	187.23	226.07	327.83	275.00	259.97	368.42	332.26	261.34
	194.52	155.23	133.22	126.28	116.93	147.75	194.82	140.37	207.84	263.91	261.73	149.08
	32.78	36.46	48.27	54.62	51.41	57.40	89.27	45.56	40.08	56.17	83.44	60.47
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	16.99	18.85	21.90	18.25	16.61	18.08	22.83	15.94	15.18	19.63	24.30	18.81
	5.69	5.31	3.07	2.22	1.83	3.06	5.16	2.56	3.09	3.94	11.95	7.44
	3.39	3.12	3.56	3.52	2.93	2.39	2.33	2.10	2.00	1.88	2.66	2.56
	177.35	132.87	183.81	80.56	80.31	78.65	90.32	40.62	59.07	48.62	68.73	45.00
	88.08	79.69	53.67	65.56	70.30	78.32	133.01	134.63	52.13	104.52	70.53	112.27
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	88.08	79.69	53.67	65.56	70.30	78.32	133.01	134.63	52.13	104.52	70.53	112.27
	25.99	21.88	13.75	20.49	18.05	21.63	38.38	4.88	15.76	28.83	12.55	36.85
	65.23	62.74	41.05	51.62	60.01	58.32	97.15	84.03	47.25	84.38	64.65	86.51
	1.56	1.77	1.06	1.16	1.38	1.48	2.05	2.25	1.20	2.09	1.76	2.23
Key metrics
	97.16	88.12	60.30	71.30	75.06	83.77	140.50	139.29	57.22	110.34	85.14	122.27
	36.50%	40.40%	41.40%	46.50%	50.50%	45.80%	47.80%	57.50%	24.80%	32.30%	28.70%	50.60%
	24.50%	28.70%	28.20%	33.70%	40.30%	31.90%	33.10%	34.70%	20.50%	24.70%	21.80%	35.80%
	3.80%	—	2.40%	—	3.20%	—	7.40%	—	—	—	—	—
	78.80%	19.40%	-50.50%	-36.70%	-35.40%	-46.50%	-1.00%	0.20%	—	—	—	—
	8.70%	7.60%	-57.70%	-38.60%	27.00%	-30.90%	50.30%	-2.90%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	783.14	630.46	1,108	1,263	1,890	961.49
	113.11	161.56	123.16	96.77	47.92	201.17
	896.24	792.02	1,231	1,360	1,938	1,163
	609.25	524.18	806.94	982.16	1,546	785.08
	172.13	211.70	231.07	448.06	678.79	227.27
	0.00	0.00	0.00	—	—	—
	75.99	74.84	73.58	78.92	71.18	57.77
	16.29	10.19	14.74	35.12	58.44	61.75
	13.59	12.41	8.32	9.95	11.24	9.33
	574.59	423.33	506.71	193.93	247.53	139.53
	287.00	267.84	424.29	378.06	392.18	377.57
	0.00	0.00	0.00	0.00	0.00	0.00
	287.00	267.84	424.29	378.06	392.18	377.57
	82.11	73.92	87.85	93.87	108.06	80.37
	220.64	211.00	312.81	303.34	288.96	298.52
	5.55	5.07	7.59	8.09	6.96	5.83
Key metrics
	316.88	290.44	447.35	423.13	461.86	448.65
	40.46%	46.10%	40.40%	33.50%	24.40%	46.70%
	28.17%	33.50%	28.20%	24.00%	15.30%	31.00%
	—	11.80%	23.60%	—	—	—
	-9.75%	-43.10%	-12.30%	-33.20%	96.60%	—
	-26.33%	-32.50%	3.10%	5.00%	-3.20%	—
	—	-74.43	123.79	—	—	—
	—	-0.24	0.43	—	—	—
	—	0.03	0.02	—	—	—
	—	-27.84	-132.55	—	—	—
	—	425.7	177.4	—	—	—
Balance sheet
	—	2,778	2,177	—	—	—
	—	2,344	1,900	—	—	—
	—	85.70	168.15	—	—	—
	—	71.40	87.05	—	—	—
	—	737.98	530.17	—	—	—
	—	30.35	21.49	—	—	—
	—	47.72	40.30	—	—	—
	—	73.85	78.62	—	—	—
	—	422.49	317.40	—	—	—
	—	57.86	35.60	—	—	—
	—	40.09	35.60	—	—	—
	—	17.77	0.00	—	—	—
	—	2,313	1,844	—	—	—
Cash flow
	—	-49.70	132.99	—	—	—
	—	-322.85	-115.00	—	—	—
	—	305.86	-115.76	—	—	—
	—	24.73	9.20	—	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	123.50	102.72	64.81	63.55	57.72	99.47	130.81	85.69	70.59	107.64	121.39	111.26
	11.34	11.58	35.52	34.00	32.41	50.28	33.76	30.96	26.50	16.51	64.83	12.96
	134.84	114.29	100.33	97.56	90.13	149.75	164.57	116.66	97.09	124.15	186.22	124.22
	78.15	34.82	54.97	55.99	49.92	75.85	113.34	68.53	59.51	73.06	114.91	95.78
	7.37	9.70	15.41	19.92	21.35	37.99	47.33	17.15	19.25	32.39	57.35	34.92
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	6.58	6.94	10.51	7.97	7.51	8.01	12.59	7.00	7.04	9.67	14.00	8.39
	0.80	1.05	0.93	0.90	0.95	1.51	1.11	0.82	1.10	1.12	1.61	1.36
	2.33	2.08	2.64	2.69	2.30	1.75	2.16	1.88	1.77	1.64	1.97	1.80
	56.40	19.37	25.83	24.50	17.77	26.58	47.99	24.82	9.96	14.34	18.05	13.78
	56.69	79.47	45.36	41.57	40.20	73.90	51.23	48.12	37.59	51.09	71.32	28.45
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	56.69	79.47	45.36	41.57	40.20	73.90	51.23	48.12	37.59	51.09	71.32	28.45
	14.64	19.91	12.01	11.15	10.09	12.95	12.07	8.97	7.87	12.89	4.79	7.68
	42.05	59.56	33.35	30.41	30.12	60.95	39.16	39.15	29.72	38.20	66.53	20.77
	1.04	1.48	0.83	0.75	0.75	1.62	1.04	1.05	0.80	1.03	1.79	0.56
Key metrics
	59.82	82.60	48.93	45.16	43.45	77.16	54.50	50.82	40.46	53.85	74.90	31.61
	48.40%	80.40%	75.50%	71.10%	75.30%	77.60%	41.70%	59.30%	57.30%	50.00%	61.70%	28.40%
	34.00%	58.00%	51.50%	47.90%	52.20%	61.30%	29.90%	45.70%	42.10%	35.50%	54.80%	18.70%
	2.80%	—	2.20%	—	2.00%	—	3.10%	—	—	—	—	—
	114.00%	3.30%	-50.50%	-25.80%	-18.20%	-7.60%	7.80%	-23.00%	—	—	—	—
	39.60%	-2.30%	-14.80%	-22.30%	1.30%	59.60%	-41.10%	88.50%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	354.58	285.55	394.73	708.33	797.79	236.58
	92.44	152.20	123.36	96.47	83.18	75.33
	447.02	437.76	518.09	804.80	880.97	311.90
	223.93	236.72	315.59	560.49	672.22	180.70
	52.40	94.67	116.13	326.59	446.87	51.23
	0.00	0.00	0.00	—	—	—
	32.00	34.01	36.29	37.69	32.39	27.97
	3.68	4.30	4.15	4.99	4.60	0.42
	9.74	9.38	7.46	6.97	6.73	4.81
	126.10	94.68	151.56	61.71	46.30	13.20
	223.09	201.03	202.50	244.30	208.75	131.20
	0.00	0.00	0.00	—	—	—
	223.09	201.03	202.50	244.30	208.75	131.20
	57.71	46.20	45.70	48.85	42.76	25.57
	165.37	154.83	156.80	195.46	165.99	105.64
	4.10	3.91	4.21	5.26	4.46	2.85
Key metrics
	236.51	214.71	214.11	256.26	220.08	136.43
	66.70%	75.20%	54.20%	36.20%	27.60%	57.70%
	46.64%	54.20%	39.70%	27.60%	20.80%	44.70%
	—	9.80%	12.40%	—	—	—
	-5.11%	-27.70%	-44.30%	-11.20%	237.20%	—
	-2.37%	-1.30%	-19.80%	17.80%	57.10%	—
	—	26.10	5.84	—	—	—
	—	0.30	0.10	—	—	—
	—	0.00	0.00	—	—	—
	—	-21.29	-43.19	—	—	—
	—	23.7	14.8	—	—	—
Balance sheet
	—	2,220	1,769	—	—	—
	—	1,484	1,295	—	—	—
	—	21.29	43.19	—	—	—
	—	36.13	59.09	—	—	—
	—	1.01	3.03	—	—	—
	—	2.35	6.85	—	—	—
	—	43.21	38.42	—	—	—
	—	18.65	46.06	—	—	—
	—	115.35	107.03	—	—	—
	—	0.00	0.00	—	—	—
	—	0.00	0.00	—	—	—
	—	0.00	0.00	—	—	—
	—	2,101	1,656	—	—	—
Cash flow
	—	46.80	15.39	—	—	—
	—	-353.17	-61.07	—	—	—
	—	284.47	9.45	—	—	—
	—	20.70	9.55	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: -29.00%
Sales CAGR 5Y: —
Profit CAGR 3Y: -2.29%
Profit CAGR 5Y: —
Sales YoY (TTM): -5.11%
Profit YoY (TTM): -2.37%

Consolidated

Sales CAGR 3Y: -30.65%
Sales CAGR 5Y: —
Profit CAGR 3Y: -9.95%
Profit CAGR 5Y: —
Sales YoY (TTM): -9.75%
Profit YoY (TTM): -26.33%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 62.52%

Quarter	September 2026	June 2026
Promoter %	62.52%	62.52%

Holder	Type	Holding	Previous	Change
Parag Kishor Shah	Promoter	29.73%	29.73%	0.00%
Mansi Parag Shah	Promoter	14.80%	14.80%	0.00%
Manan Parag Shah	Promoter Group	8.74%	8.74%	0.00%
Vatsal Parag Shah	Promoter Group	8.67%	8.67%	0.00%
Suketu Ramesh Shah	Public	1.86%	1.86%	0.00%
Berjis Minoo Desai	Public	1.56%	1.56%	0.00%
Dhruvi Manan Shah	Promoter Group	0.52%	0.52%	0.00%
Arhan Manan Shah	Promoter Group	0.05%	0.05%	0.00%
Purvi Manish Shah	Promoter Group	0.01%	0.01%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
DLF LIMITED	1,78,037	719.25	38.98	6.40%	-29.29% TTM	+6.62% TTM	-7.08%
Lodha Developers Limited	1,11,937	1,120.00	25.72	18.00%	+20.85% TTM	+30.60% TTM	-8.38%
The Phoenix Mills Ltd.	74,091	2,071.45	44.28	11.80%	+12.86% TTM	+19.04% TTM	+17.13%
Prestige Estates Projects Limited	67,971	1,578.05	53.72	13.00%	+67.46% TTM	+103.62% TTM	-9.58%
OBEROI REALTY LIMITED	61,938	1,703.45	23.54	16.70%	+16.64% TTM	+17.82% TTM	-4.40%
Godrej Properties Limited	52,394	1,739.35	39.27	12.00%	+49.99% TTM	-13.26% TTM	-24.13%
Brigade Enterprises Limited	17,657	541.20	21.22	9.90%	-4.37% TTM	+2.36% TTM	-29.23%
Anant Raj Limited	16,572	460.50	27.68	10.40%	+12.31% TTM	+21.36% TTM	-28.62%
Horizon Industrial Parks Limited	12,843	44.55	—	—	—	—	—
Sobha Limited	12,687	1,186.45	66.41	7.60%	+9.57% TTM	+28.50% TTM	-26.67%
ADITYA BIRLA REAL ESTATE LIMITED	11,861	1,061.90	16.98	-4.80%	-26.16% TTM	+413.97% TTM	-42.89%
Sri Lotus Developers and Realty Limited	11,331	231.85	37.10	16.70%	—	—	+30.55%
SIGNATUREGLOBAL (INDIA) LIMITED	9,954	707.50	9.54	36.30%	-22.98% TTM	+709.93% TTM	-34.25%
Max Estates Limited	8,424	515.00	695.54	1.20%	+16.57% TTM	-69.99% TTM	+7.89%
EMBASSY DEVELOPMENTS LIMITED	7,222	51.93	-6.80	-2.20%	-54.57% TTM	-514.70% TTM	-43.97%
Mahindra Lifespace Developers Ltd.	6,723	315.00	22.34	-0.90%	+839.32% TTM	+85.98% TTM	-22.90%
GANESH HOUSING LIMITED	5,278	632.95	23.57	17.80%	-29.50% TTM	-57.50% TTM	-24.55%
Kalpataru Limited	4,947	240.25	182.43	2.40%	—	—	-36.32%
Puravankara Limited	4,775	201.35	17.22	35.70%	+119.51% TTM	+194.89% TTM	-24.56%
VALOR ESTATE LIMITED	4,664	85.98	389.58	4.40%	-54.40% TTM	+113.15% TTM	-41.85%
Keystone Realtors Limited	4,546	359.90	34.71	5.30%	—	—	-35.90%
MAN INFRACONSTRUCTION LIMITED	4,331	107.30	19.63	11.80%	-9.75% TTM	-26.33% TTM	-25.90%
Sunteck Realty Ltd	4,306	293.25	19.69	6.70%	+47.87% TTM	+24.77% TTM	-36.07%
Kolte-Patil Developers Ltd	4,167	469.90	29.28	-0.80%	+37.11% TTM	+120.28% TTM	+8.63%
KESAR INDIA LIMITED	3,920	1,205.00	—	16.60%	—	—	+41.76%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Extinguishment of 34,92,000 Equity Shares of Man Infraconstruction Limited bought back during the period from October 01, 2026 to October 31, 2026, consequent to the ongoing buy back from ....4 Nov 2026 · Company Update / Buy back
Please find enclosed Daily Buy Back Report for November 04, 2026.4 Nov 2026 · Corp Action / Daily Buy Back of equity shares
Please find enclosed Daily Buy Back Report for November 03, 2026.3 Nov 2026 · Corp Action / Daily Buy Back of equity shares
Please find enclosed press release titled "MICL Group secures two EPC Work Order worth Rs. 583 Crore; EPC Portfolio strengthens to Rs. 858 Crore.3 Nov 2026 · Company Update / Press Release / Media Release
Please find enclosed Daily Buy Back Report for November 02, 2026.2 Nov 2026 · Corp Action / Daily Buy Back of equity shares
Please find enclosed Daily Buy Back Report for October 30, 2026.30 Oct 2026 · Corp Action / Daily Buy Back of equity shares
Please find enclosed Intimation regarding Voluntary Strike Off of an Associate LLP of the Company.29 Oct 2026 · Company Update / General
Please find enclosed Daily Buy Back Report for October 29, 2026.29 Oct 2026 · Corp Action / Daily Buy Back of equity shares
Please find enclosed Monitoring Agency report for the quarter ended September 30, 2026.29 Oct 2026 · Company Update / Monitoring Agency Report
Please find enclosed Statement of Deviation or variation for the quarter ended September 30, 2026.29 Oct 2026 · Company Update / Reg. 32 (1), (3) - Statement of Deviation & Variation
Please find enclosed Investor Presentation - Q2 & H1 FY2729 Oct 2026 · Company Update / Investor Presentation
Please find enclosed Press release on the Un-Audited Financial results for the quarter and half year ended September 30, 202629 Oct 2026 · Company Update / Press Release / Media Release
Please find enclosed Outcome of the Board Meeting of Man Infraconstruction Limited held on October 29, 202629 Oct 2026 · Board Meeting / Outcome of Board Meeting
Please find enclosed Un-audited Financial Results for the quarter and half year ended September 30, 2026.29 Oct 2026 · Result / Financial Results
Please find enclosed Daily Buy Back Report for October 28, 2026.28 Oct 2026 · Corp Action / Daily Buy Back of equity shares
Please find enclosed Daily Buy Back Report for October 27, 2026.27 Oct 2026 · Corp Action / Daily Buy Back of equity shares
Please find enclosed Daily Buy Back Report for October 26, 2026.26 Oct 2026 · Corp Action / Daily Buy Back of equity shares
Please find enclosed Daily Buy Back Report for October 23, 2026.23 Oct 2026 · Corp Action / Daily Buy Back of equity shares
Please find enclosed Daily Buy Back report for October 22, 2026.22 Oct 2026 · Corp Action / Daily Buy Back of equity shares
Man Infraconstruction Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/10/2026 ,inter alia, to consider and approve the Un-Audited Financial ....22 Oct 2026 · Board Meeting / Board Meeting
Please find enclosed Daily Buy Back Report for October 21, 2026.21 Oct 2026 · Corp Action / Daily Buy Back of equity shares
Please find enclosed Daily Buy Back Report for October 19, 2026.19 Oct 2026 · Corp Action / Daily Buy Back of equity shares
Please find enclosed Daily Buy Back Report dated 16.10.2026.16 Oct 2026 · Corp Action / Daily Buy Back of equity shares
Please find enclosed Daily Buy Back Report for October 15, 2026.15 Oct 2026 · Corp Action / Daily Buy Back of equity shares
Please find enclosed Daily Buy Back Report for October 14, 2026.14 Oct 2026 · Corp Action / Daily Buy Back of equity shares
Please find enclose Daily Buy Back Report for October 13, 2026.13 Oct 2026 · Corp Action / Daily Buy Back of equity shares
Please find enclosed Daily Buy Back Report dated October 12, 2026.12 Oct 2026 · Corp Action / Daily Buy Back of equity shares
Please find enclosed Daily Buy Back Report dated 09.10.2026.9 Oct 2026 · Corp Action / Daily Buy Back of equity shares
Extinguishment of 69,25,000 Equity Shares of Man Infraconstruction Limited consequent to the ongoing buyback from open market route through Stock Exchanges.8 Oct 2026 · Company Update / Buy back
Please find enclosed Daily Buy Back Report dated October 08, 2026.8 Oct 2026 · Corp Action / Daily Buy Back of equity shares
Please find enclosed Daily Buy Back Report for October 07, 2026.7 Oct 2026 · Corp Action / Daily Buy Back of equity shares
Please find enclosed confirmation under Reg. 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended September 30, 2026.7 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Please find enclosed Daily Buy Back Report for October 06, 2026.6 Oct 2026 · Corp Action / Daily Buy Back of equity shares
Please find enclosed Daily Buy Back Report for October 05, 2026.5 Oct 2026 · Corp Action / Daily Buy Back of equity shares
Please find enclosed Daily Buy Back Report for October 01, 2026.1 Oct 2026 · Corp Action / Daily Buy Back of equity shares
Please find enclosed Daily Buy Back Report for September 30, 2026.30 Sep 2026 · Corp Action / Daily Buy Back of equity shares
Please find enclosed Daily Buy back Report for September 29, 2026.29 Sep 2026 · Corp Action / Daily Buy Back of equity shares
Please find enclosed Daily Buy Back Report for September 28, 2026.28 Sep 2026 · Corp Action / Daily Buy Back of equity shares
This is to inform you that the Trading Window for dealing in Securities of the Company shall remain closed w.e.f. Thursday, October 01, 2026 w.r.t. declaration of Un-audited financial results ....28 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Please find enclosed herewith Press Release titled "MICL unlocks Rs. 6,000+ Crores overall revenue potential from Marine Lines Project and Recoups Rs. 300+ Crores Investment through Landmark ....28 Sep 2026 · Company Update / Press Release / Media Release

Corporate actions

Purpose	Ex date	Record date	Payment date
Interim Dividend - Rs. - 0.7200	19 May 2026	19 May 2026	—
Interim Dividend - Rs. - 0.4500	18 Nov 2025	18 Nov 2025	—
Interim Dividend - Rs. - 0.4500	27 May 2025	27 May 2025	—
Interim Dividend - Rs. - 0.4500	12 Feb 2025	12 Feb 2025	—
Interim Dividend - Rs. - 0.4500	19 Aug 2024	19 Aug 2024	—

Board meetings

29 Oct 2026 Board Meeting - Financial Results
12 Aug 2026 Board Meeting - Financial Results