Man Infraconstruction Limited (MANINFRA) AI Stock Analysis

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Man Infraconstruction Limited

(NSE:MANINFRA)

Select Model

Rating:66Neutral

Price Target:INR 125.00▲(13.12% 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 sheetVery low leverage gives Man Infraconstruction financial flexibility in a cyclical construction and real-estate environment. Strong equity growth provides a larger capital buffer, supports asset expansion, and reduces dependence on borrowing when project conditions become less favorable.

Negative Factors

Sharp revenue contractionRepeated revenue declines reduce confidence in near-term operating momentum and indicate that project awards, execution timing, or development completions have not translated into consistent top-line growth. Sustained contraction could limit operating leverage and weaken future earnings visibility.

Man Infraconstruction Limited (MANINFRA) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 44.89B
Dividend Yield: 1.06%
Average Volume (3M): 91.56K
Price to Earnings (P/E): 19.9
Beta (1Y): 1.41
Revenue Growth: -9.75%
EPS Growth: -22.43%
Country: India
Employees: 800
Sector: General
Sector Strength: 55
Industry: Engineering & Construction

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, s...

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 (often...

Man Infraconstruction Limited Financial Statement Overview

Summary

Balance sheet strength is a major positive (very low leverage and rising equity), supporting resilience in a cyclical industry. Offsetting this, revenue has been contracting after prior growth and cash-flow conversion has weakened versus net income, reducing confidence in near-term operating momentum.

Income Statement

64Positive

Balance Sheet

88Very Positive

Cash Flow

58Neutral

Financial statement breakdown
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	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	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

Technical Analysis SentimentPositive

Last Price110.50

Price Trends

50DMA118.44Negative

100DMA111.69Negative

200DMA109.66Positive

Market Momentum

MACD-2.26Negative

RSI46.75Neutral

STOCH59.95Neutral

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 110.50 is above the 20-day moving average (MA) of 109.54, below the 50-day MA of 118.44, and above the 200-day MA of 109.66, indicating a neutral trend. The MACD of -2.26 indicates Negative momentum. The RSI at 46.75 is Neutral, neither overbought nor oversold. The STOCH value of 59.95 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:MANINFRA against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:JKIL	73Outperform	INR 31.60B	8.88	―	0.89%	-2.47%	-6.60%
IN:PNCINFRA	71Outperform	INR 33.75B	5.47	―	0.45%	1.82%	-21.49%
IN:MANINFRA	66Neutral	INR 44.61B	19.91	―	1.06%	-9.75%	-22.43%
IN:ASHOKA	62Neutral	INR 28.91B	1.41	―	―	-23.07%	63.76%
IN:KNRCON	58Neutral	INR 31.46B	7.99	―	0.22%	-37.51%	-58.59%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:HGINFRA	42Neutral	INR 26.20B	12.69	―	0.48%	-1.80%	-48.36%

* General Sector Average

Performance Comparison

IN:MANINFRA and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:MANINFRA	Man Infraconstruction Limited	110.50	-20.91	-15.91%
IN:ASHOKA	Ashoka Buildcon Limited	114.36	-85.94	-42.91%
IN:HGINFRA	H.G. Infra Engineering Ltd.	414.70	-465.82	-52.90%
IN:JKIL	J. Kumar Infraprojects Limited	447.00	-163.48	-26.78%
IN:KNRCON	KNR Constructions Limited	111.99	-57.87	-34.07%
IN:PNCINFRA	PNC Infratech Ltd	134.35	-144.00	-51.73%

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 Corpor...

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 2021...

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.

Date of analysis: Aug 17, 2026

Man Infraconstruction Limited AI Stock Analysis