Manav Infra Projects Ltd.

Manav Infra Projects Ltd.

NNSE:MANAV
38.75
INR
-2.00
(-4.91%)
45.80MMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
15.05
18.66
20.67
22.73
26.17
19.64
10.87
6.35
6.78
15.02
24.36
35.48
31.58
- -
Basic EPS, GAAP
0.26
0.01
0.77
1.3
1.59
0.55
-7.43
-8.29
-5.19
0.75
1.97
4.66
3.06
- -
Free Cash Flow per Basic Share
4.53
3.67
0.13
-2.5
-4.59
-1.51
0.71
1.29
1.4
4.23
-0.41
-0.24
-2.9
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
5.34
5.34
6.05
7.35
15.87
16.42
8.67
0.38
-4.81
-4.06
-2.6
6.16
9.22
-4.81
Tangible Book Value per Share
5.34
5.34
6.05
7.35
15.87
16.42
8.67
0.38
-4.81
-4.06
-2.6
6.16
9.22
-4.81
Basic Weighted Avg Shares
8
8
8
8
8
8
8
8
8
8
6
7
13
8
Sales/Revenue/Turnover
120
148
164
181
209
155
86
51
54
119
143
245
416
- -
Operating Margin (%)
15.76
-2.42
7.97
9.05
10.78
12.39
-55.68
-88.43
-47.16
18.81
19.3
18.83
13.32
- -
Depreciation Expense
11
8
6
6
10
18
21
16
11
7
5
8
14
- -
Net Income, GAAP
2
- -
6
10
13
4
-59
-66
-41
6
12
32
40
- -
Effective Tax Rate (%)
48.71
98.81
- -
- -
- -
- -
- -
- -
- -
20.68
26.58
- -
12.9
- -
Profit Margin (%)
1.71
0.03
3.7
5.71
6.07
2.8
-68.34
-130.48
-76.54
5.01
8.08
13.14
9.69
- -
Working Capital
13
26
44
34
103
98
50
-6
-39
-48
-23
69
60
-39
LT Debt
23
10
18
13
31
64
67
57
50
30
45
57
43
50
Total Equity
42
42
48
58
126
131
69
3
-38
-32
-21
81
121
-38
Return on Invested Capital (%)
1.75
0.05
- -
- -
- -
- -
- -
- -
- -
23.45
27.11
- -
26.64
- -
Return on Capital (%)
8.24
0.13
- -
- -
- -
- -
- -
- -
- -
23.18
28.98
- -
28.73
- -
Return on Common Equity (%)
4.96
0.1
13.43
19.35
13.73
3.39
-59.19
-183.22
- -
- -
- -
- -
39.79
- -

Capital Structure

INR

•

in mil. unless spec.
Mar'21
Sep'22
Mar'22
ST Debt
56
58
69
LT Borrowings
57
54
50
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
8
8
8
Market Capitalization
35
50
46

Working Capital

INR

•

in mil. unless spec.
Mar'21
Sep'22
Mar'22
Total Current Assets
76
63
51
Cash, Cash Equivalents & STI
3
- -
1
Accounts Receivable, Net
35
36
36
Inventories
22
15
- -
Total Current Liabilities
82
81
90
Payables & Accruals
- -
- -
- -
ST Debt
56
58
69
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-186.3%
-372.18%
49.67%
Free Cash Flow
22.18%
461.48%
2,236.13%
Net Income, GAAP
-127.39%
28.96%
25.07%
Sales/Revenue/Turnover
20.29%
57.79%
69.64%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
143
2025
- -
- -
245
2026
- -
- -
416

Semi-annual Earnings Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1.97
2025
- -
- -
4.66
2026
- -
- -
3.06

Semi-annual Dividends Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

Sector
Industrial services
Industry
Engineering & construction
Address
Mumbai India
IPO Date
Aug 18, 2017
Business
Manav Infra Projects Limited is an India-based infrastructure development and civil engineering company that provides specialized geotechnical, foundation engineering, earthwork, and construction equipment rental services. The company operates through distinct civil engineering and infrastructure service verticals, offering a comprehensive portfolio comprising geotechnical and foundation solutions, including cast-in-situ bored piling; driven piling; helical and screw piling; sheet piling; micropiling; pre-stressed rock anchoring; soil nailing; diaphragm wall construction; drilling; and grouting and guniting; earthwork and site development services, including bulk excavation; basement and trench digging; rock cutting and breaking; land leveling; cut-and-fill grading; dredging; and road and highway construction; and heavy construction equipment rental services, providing on-hire access to a fleet of hydraulic piling rigs; crawler excavators; rock breakers; backhoe loaders; transit mixers; and earthmoving machinery. The company serves public and private sector clients across residential, commercial, industrial, transport, and municipal infrastructure domains, with specialized involvement in metro rail systems, bridges, flyovers, and arterial road networks across India, primarily in the state of Maharashtra and western regions. Founded in 1995 as Sai Baba Constructions and incorporated as Manav Infra Projects in 2009, the company is headquartered in Mumbai, Maharashtra, India. In recent developments, Manav Infra Projects completed a rights issue in March 2025 to raise growth capital through the issuance of 6.836 million equity shares on a 1:1 basis, following capital restructuring initiatives in 2024 to strengthen its balance sheet and fund fleet modernization. The company has also executed strategic debt reduction measures and expanded its high-tonnage piling fleet to enhance operational bandwidth for major urban transit and transportation infrastructure bids.