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Man Infraconstruction Limited
(MANINFRA)
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Rating:66Neutral
Price Target:
₹137.00
▲(5.79% Upside)
Action:Reiterated
Date:08/17/26
The score is primarily supported by strong financial stability (low leverage and expanding equity). It is held back by recent revenue contraction and weaker cash-flow conversion, while technical signals are neutral-to-mixed and valuation appears reasonable but not particularly cheap.
Positive Factors
Conservative balance sheet
Very low leverage and substantial equity growth provide financial resilience through construction and real-estate cycles. This strengthens the company’s ability to absorb project volatility, support asset growth, and fund operations without relying heavily on debt.
Negative Factors
Revenue contraction
Revenue has contracted after earlier growth, including a sharp 27.3% decline in FY2026. Sustained top-line weakness can reduce project scale, weaken operating leverage, and make earnings more dependent on project mix and execution timing over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage and substantial equity growth provide financial resilience through construction and real-estate cycles. This strengthens the company’s ability to absorb project volatility, support asset growth, and fund operations without relying heavily on debt.
Read all positive factors
Man Infraconstruction Limited (MANINFRA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹51.23B
Dividend Yield0.92%
Average Volume (3M)171.16K
Price to Earnings (P/E)23.6
Beta (1Y)1.65
Revenue Growth-29.86%
EPS Growth-22.89%
CountryIN
Employees800
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)5.37
Shares Outstanding403,666,500
10 Day Avg. Volume166,799
30 Day Avg. Volume171,164
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
Operating across India, Man Infraconstruction Limited specializes in diverse civil construction projects. Their expertise spans port infrastructure, encompassing the development of onshore container terminals and freight stations, land reclamation...
How the Company Makes Money
MANINFRA primarily makes money through (1) construction/contracting revenue and (2) real-estate development revenue. In its construction business, it earns revenue by executing projects for customers under contract: it bids for and wins orders (of...
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 | 6.66B | 6.30B | 11.08B | 12.63B | 18.51B | 9.61B |
| Gross Profit | 3.06B | 2.53B | 5.83B | 5.99B | 7.33B | 4.45B |
| EBITDA | 2.94B | 3.08B | 3.24B | 4.22B | 4.60B | 4.47B |
| Net Income | 2.17B | 2.01B | 2.83B | 3.00B | 2.59B | 2.16B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 27.78B | 21.77B | 21.55B | 17.81B | 17.17B |
| Cash, Cash Equivalents and Short-Term Investments | 6.84B | 6.43B | 5.24B | 7.30B | 3.03B | 5.08B |
| Total Debt | 0.00 | 639.79M | 356.01M | 1.31B | 2.06B | 5.57B |
| Total Liabilities | -23.13B | 4.65B | 3.33B | 6.38B | 6.36B | 7.87B |
| Stockholders Equity | 23.13B | 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
109.41
Positive
112.12
Positive
111.64
Positive
Market Momentum
5.51
Negative
70.19
Negative
76.57
Neutral
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 118.70, above the 50-day MA of 109.41, and above the 200-day MA of 111.64, indicating a bullish trend. The MACD of 5.51 indicates Negative momentum. The RSI at 70.19 is Negative, neither overbought nor oversold. The STOCH value of 76.57 is Neutral, 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹36.01B | 9.45 | ― | 0.84% | -2.47% | -6.60% | |
66 Neutral | ₹51.23B | 23.63 | ― | 0.92% | -29.86% | -22.89% | |
65 Neutral | ₹31.97B | 1.29 | ― | 0.65% | -24.59% | 39.70% | |
59 Neutral | ₹35.31B | 8.96 | ― | 0.20% | -37.51% | -58.59% | |
59 Neutral | ₹45.02B | 6.15 | ― | 0.34% | -6.48% | 9.02% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹31.54B | 16.95 | ― | 0.41% | -3.14% | -57.80% |
* General Sector Average
IN:MANINFRA
Man Infraconstruction Limited
126.90
-25.66
-16.82%
IN:ASHOKA
Ashoka Buildcon Limited
113.90
-75.90
-39.99%
IN:HGINFRA
H.G. Infra Engineering Ltd.
483.95
-521.02
-51.84%
IN:JKIL
J. Kumar Infraprojects Limited
475.95
-168.45
-26.14%
IN:KNRCON
KNR Constructions Limited
125.55
-69.25
-35.55%
IN:PNCINFRA
PNC Infratech Ltd
175.50
-127.11
-42.00%
Man Infraconstruction Limited Corporate Events
Man Infraconstruction Launches Remote E-Voting Postal Ballot for Shareholder Resolutions
Aug 21, 2026
Man Infraconstruction Limited has issued a postal ballot notice to seek shareholder approval for various ordinary and special resolutions, with voting to be conducted exclusively through electronic means in line with regulatory and Ministry of Cor...
Man Infraconstruction Raises Stake to 50% in MICL Properties LLP
Aug 17, 2026
Man Infraconstruction Limited has increased its stake in associate entity MICL Properties LLP, acquiring an additional 16% partnership interest for Rs. 16,000 in cash and taking its total holding to 50%. MICL Properties LLP, incorporated in July 2...
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.