Man Infraconstruction (MANINFRA)₹110.44−0.94%Residential, Commercial Projects
In the Sep 2026 quarter (consolidated), Man Infraconstruction reported sales of ₹266 Cr, up 78.5% from Sep 2025, and net profit of ₹65.19 Cr, up 8.3% year on year. For the year to Mar 2026, sales were ₹630 Cr and net profit ₹212 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 242 | 297 | 342 | 230 | 242 | 294 | 183 | 149 | 153 | 146 | 218 | 266 |
| Expenses | 139 | 247 | 258 | 203 | 181 | 187 | 142 | 112 | 121 | 127 | 147 | 185 |
| Operating Profit | 103 | 49.90 | 83.77 | 27.92 | 60.81 | 106 | 40.93 | 36.94 | 32.91 | 18.97 | 71.80 | 80.74 |
| OPM % | 42.1% | 17.1% | 24.1% | 12.1% | 25.0% | 36.1% | 22.1% | 25.1% | 21.1% | 13.1% | 33.1% | 30.1% |
| Other Income | 30.99 | 42.01 | 35.99 | 41.03 | 33.01 | 37.02 | 44.99 | 46.01 | 45.03 | 42.03 | 21.99 | 20.01 |
| Interest | 7.01 | 12.01 | 4.01 | 3.01 | 3.01 | 5.01 | 3.01 | 2.01 | 2.01 | 3.01 | 5.01 | 6.01 |
| Depreciation | 3.01 | 3.01 | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 3.01 | 4.01 | 4.01 | 3.01 | 3.01 |
| Profit before tax | 123 | 76.87 | 113 | 62.85 | 88.84 | 136 | 79.85 | 77.89 | 71.90 | 54.86 | 84.83 | 90.86 |
| Tax % | 30.0% | 16.0% | 25.0% | 25.0% | 5.0% | 28.0% | 26.9% | 22.9% | 28.0% | 25.0% | 26.0% | 27.9% |
| Net Profit | 87.22 | 65.15 | 84.17 | 47.13 | 84.22 | 97.29 | 58.14 | 60.18 | 52.17 | 41.10 | 63.10 | 65.19 |
| EPS (Rs) | 2.23 | 1.75 | 2.08 | 1.19 | 2.22 | 2.06 | 1.43 | 1.36 | 1.17 | 1.05 | 1.78 | 1.56 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 226 | 452 | 652 | 371 | 267 | 427 | 962 | 1,890 | 1,263 | 1,108 | 630 | 783 |
| Expenses | 191 | 343 | 453 | 271 | 269 | 331 | 715 | 1,478 | 939 | 808 | 503 | 581 |
| Operating Profit | 34.89 | 109 | 199 | 101 | −1.99 | 96.80 | 247 | 413 | 325 | 300 | 129 | 204 |
| OPM % | 16.1% | 24.1% | 31.1% | 27.0% | −0.8% | 23.1% | 26.1% | 22.1% | 26.1% | 27.1% | 20.1% | 26.1% |
| Other Income | 33.02 | 51.01 | 44.01 | 45.99 | 31.97 | 25.99 | 202 | 52.97 | 116 | 123 | 179 | 129 |
| Interest | 21.01 | 40.05 | 56.05 | 54.01 | 57.02 | 58.08 | 62.08 | 58.02 | 35.01 | 15.01 | 10.01 | 16.04 |
| Depreciation | 8.03 | 8.03 | 8.02 | 7.02 | 7.02 | 9.02 | 9.03 | 11.04 | 10.03 | 8.03 | 12.03 | 14.04 |
| Profit before tax | 38.91 | 112 | 179 | 84.76 | −33.93 | 54.89 | 378 | 396 | 396 | 400 | 284 | 302 |
| Tax % | 59.9% | 41.9% | 39.0% | 49.9% | −64.0% | 39.9% | 21.0% | 26.9% | 24.0% | 22.0% | 26.0% | — |
| Exceptional items | 0.00 | 4.01 | 0.00 | 1.01 | 0.00 | 1.01 | 2.01 | 1.01 | 9.01 | 1.01 | 17.02 | — |
| Net Profit | 15.02 | 66.20 | 109 | 43.10 | −12.03 | 33.10 | 300 | 290 | 304 | 314 | 212 | 222 |
| EPS (Rs) | 0.46 | 1.42 | 1.78 | 1.12 | −0.18 | 0.87 | 5.84 | 6.95 | 8.08 | 7.54 | 4.96 | 5.56 |
| Dividend payout % | 215.0% | 24.9% | 19.9% | 75.0% | −191.1% | 69.9% | 22.0% | 13.0% | 20.0% | 12.0% | 17.9% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 49.95 | 49.94 | 49.97 | 49.89 | 49.89 | 49.92 | 49.90 | 73.89 | 73.87 | 73.96 | 74.90 | 80.85 |
| Reserves | 587 | 551 | 604 | 637 | 642 | 619 | 623 | 784 | 1,013 | 1,388 | 1,685 | 2,182 |
| Borrowings | 158 | 283 | 305 | 436 | 449 | 404 | 505 | 556 | 206 | 131 | 35.95 | 63.88 |
| Other Liabilities | 147 | 138 | 238 | 225 | 201 | 223 | 274 | 299 | 484 | 557 | 376 | 441 |
| Total Liabilities | 941 | 1,022 | 1,196 | 1,347 | 1,343 | 1,295 | 1,452 | 1,712 | 1,776 | 2,150 | 2,172 | 2,766 |
| Fixed Assets | 43.10 | 37.09 | 40.08 | 34.06 | 83.24 | 81.16 | 59.17 | 60.13 | 61.13 | 53.13 | 49.14 | 61.09 |
| CWIP | 125 | 130 | 130 | 130 | 132 | 0.00 | 1.01 | 2.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 120 | 115 | 169 | 97.37 | 24.08 | 22.07 | 63.27 | 151 | 113 | 278 | 273 | 532 |
| Other Assets | 652 | 739 | 858 | 1,086 | 1,104 | 1,191 | 1,328 | 1,499 | 1,602 | 1,819 | 1,850 | 2,173 |
| Inventories | 129 | 165 | 233 | 320 | 385 | 380 | 403 | 449 | 380 | 505 | 530 | 738 |
| Trade receivables | 137 | 124 | 94.76 | 95.69 | 135 | 81.72 | 104 | 125 | 332 | 144 | 86.74 | 70.76 |
| Cash & equivalents | 136 | 117 | 183 | 143 | 137 | 141 | 213 | 360 | 298 | 549 | 423 | 435 |
| Total Assets | 941 | 1,022 | 1,196 | 1,347 | 1,343 | 1,295 | 1,452 | 1,712 | 1,776 | 2,150 | 2,172 | 2,766 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | −45.17 | −169 | 94.34 | −169 | 16.05 | 88.30 | 78.25 | 188 | 450 | 575 | 133 | −50.18 |
| Cash from investing activity | 49.86 | 62.82 | −58.76 | 86.77 | 119 | 82.72 | −83.78 | 27.89 | −102 | −396 | −115 | −322 |
| Cash from financing activity | 6.01 | 118 | −17.01 | 44.07 | −129 | −137 | 20.02 | −91.13 | −459 | −28.06 | −116 | 306 |
| Net cash flow | 10.97 | 11.97 | 17.96 | −38.91 | 5.99 | 33.90 | 13.96 | 123 | −111 | 148 | −97.77 | −66.85 |
| Capex | 49.11 | 12.03 | 17.05 | 12.03 | 20.05 | 0.00 | 0.00 | 0.00 | 7.01 | 0.00 | 3.01 | 5.01 |
| Free cash flow | −76.77 | −178 | 131 | −169 | −3.99 | 92.74 | 107 | 190 | 439 | 577 | 130 | −54.81 |
| CFO / OP % | −72.1% | −430.1% | 122.9% | −48.1% | 58.0% | −5,254.1% | 106.9% | 113.9% | 126.9% | 198.9% | 70.9% | 18.9% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 181 | 198 | 76 | 53 | 131 | 111 | 88 | 47 | 63 | 41 | 28 | 40 |
| Inventory days | 916 | — | 1,399 | 1,490 | 5,345 | 2,212 | 1,546 | 838 | 187 | 744 | 951 | — |
| Days payable | 251 | — | 339 | 240 | 395 | 256 | 300 | 194 | 96 | 180 | 140 | — |
| Cash conversion cycle | 846 | 200 | 1,135 | 1,303 | 5,082 | 2,067 | 1,335 | 691 | 154 | 605 | 839 | 42 |
| Working capital days | 378 | 434 | 192 | 225 | 414 | 714 | 360 | 196 | 95 | 195 | 350 | 741 |
| ROCE % | 8.0% | 7.0% | 15.0% | 21.0% | 12.0% | 2.0% | 10.0% | 32.9% | 32.0% | 28.0% | 24.0% | 13.0% |
For the Sep 2026 quarter, Man Infraconstruction reported sales of ₹266 Cr, up 78.5% year on year and net profit of ₹65.19 Cr, up 8.3% year on year. The operating margin was 30.1%.
Man Infraconstruction's sales for the year to Mar 2026 were ₹630 Cr; over the last twelve months they were ₹783 Cr.
Net profit for the year to Mar 2026 was ₹212 Cr, and ₹222 Cr over the last twelve months. Earnings per share over the same trailing period were ₹5.56.
Man Infraconstruction reported borrowings of ₹63.88 Cr at Mar 2026, against cash and equivalents of ₹435 Cr.
Cash from operations was −₹50.18 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹54.81 Cr.