Manav Infra Projects
MANAV NSE
Manav Infra Projects
ConstructionNSE: MANAV Civil Construction
Key Fundamentals
SMECivil ConstructionConstructionMarket Cap
₹53.63 Cr
Volatility
High Risk
P/E Ratio
13.1
EBITDA
₹6.90 Cr
Return on Equity
33.19%
Debt to Equity
0.47
Book Value
₹9.22
52W High
₹47
52W Low
₹14.5
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Company has reduced debt.
Weaknesses
2- Tax rate seems low
- Promoter holding has decreased over last 3 years: -4.29%
Growth Rate
Revenue Growth
69.92% higher than
3Y
Net Income Growth
25% lower than
3Y
Cash Flow Change
-55.47% lower than
3Y
ROE
-16.42% lower than
3Y
ROCE
0.27% higher than
3Y
EBITDA Margin (Avg.)
-25.08% higher than
3Y
Quarterly Results
| Particulars | Mar 2020 | Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4.23 | 2.48 | 2.57 | 2.19 | 3.2 | 4.4 | 8.57 | 5.52 | 8.8 | 6.35 | 18.14 | 9.43 | 32.13 |
| Expenses | 6.93 | 4.11 | 4.8 | 4.33 | 4.83 | 4.53 | 4.83 | 4.53 | 6.52 | 4.87 | 14.3 | 8.27 | 26.63 |
| Operating Profit | -2.7 | -1.63 | -2.23 | -2.14 | -1.63 | -0.13 | 3.74 | 0.99 | 2.28 | 1.48 | 3.84 | 1.16 | 5.5 |
| OPM % | -63.83% | -65.73% | -86.77% | -97.72% | -50.94% | -2.95% | 43.64% | 17.93% | 25.91% | 23.31% | 21.17% | 12.3% | 17.12% |
| Other Income | 0.29 | 0 | 0.01 | 0.01 | -0.01 | 0 | 0.12 | 0 | 0 | 0 | 0.15 | 0.22 | 0.06 |
| Interest | 0.68 | 0.7 | 0.63 | 0.46 | 0.77 | 0.71 | 0.75 | 0.63 | 0.56 | 0.71 | 0.82 | 0.45 | 0.45 |
| Depreciation | 1.08 | 0.81 | 0.78 | 0.54 | 0.53 | 0.37 | 0.71 | 0.24 | 0.26 | 0.54 | 0.29 | 0.54 | 0.89 |
| PBT | -4.17 | -3.14 | -3.63 | -3.13 | -2.94 | -1.21 | 2.4 | 0.12 | 1.46 | 0.23 | 2.88 | 0.39 | 4.22 |
| Tax % | -5.76% | 0% | 0% | 0% | -3.06% | 0% | 24.17% | 25% | 26.03% | 8.7% | -4.51% | -5.13% | 14.45% |
| Net Profit | -3.93 | -3.13 | -3.63 | -3.13 | -2.85 | -1.2 | 1.82 | 0.09 | 1.07 | 0.21 | 3.01 | 0.41 | 3.61 |
| EPS in Rs | -2.87 | -2.28 | -2.65 | -2.28 | -2.08 | -0.88 | 1.33 | 0.07 | 0.78 | 0.15 | 2.29 | 0.31 | 2.74 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 14.84 | 16.44 | 18.08 | 20.87 | 15.53 | 8.62 | 5.05 | 5.39 | 11.95 | 14.31 | 24.5 | 41.56 |
| Expenses | 14.39 | 14.5 | 15.89 | 17.64 | 11.99 | 11.34 | 7.93 | 7.23 | 9.13 | 11.01 | 19.14 | 34.85 |
| Operating Profit | 0.45 | 1.94 | 2.19 | 3.23 | 3.54 | -2.72 | -2.88 | -1.84 | 2.82 | 3.3 | 5.36 | 6.71 |
| OPM % | 3.03% | 11.8% | 12.11% | 15.48% | 22.79% | -31.55% | -57.03% | -34.14% | 23.6% | 23.06% | 21.88% | 16.15% |
| Other Income | 1.39 | -0.03 | 0.22 | 0.26 | 0.02 | 0.14 | -0.95 | -0.07 | 0.1 | -0.03 | 0.1 | 0.24 |
| Interest | 0.65 | 0.89 | 1.05 | 1.2 | 1.38 | 1.41 | 1.34 | 1.24 | 1.46 | 1.19 | 1.53 | 0.9 |
| Depreciation | 0.82 | 0.6 | 0.57 | 1.03 | 1.8 | 2.15 | 1.59 | 1.07 | 0.71 | 0.5 | 0.83 | 1.43 |
| PBT | 0.37 | 0.42 | 0.79 | 1.26 | 0.38 | -6.14 | -6.76 | -4.22 | 0.75 | 1.58 | 3.1 | 4.62 |
| Tax % | 100% | -45.24% | -30.38% | -0.79% | -15.79% | -3.91% | -2.51% | -2.13% | 21.33% | 26.58% | -3.55% | 12.99% |
| Net Profit | 0 | 0.61 | 1.03 | 1.27 | 0.44 | -5.9 | -6.59 | -4.13 | 0.6 | 1.16 | 3.22 | 4.03 |
| EPS in Rs | 0 | 1.52 | 2.58 | 0.93 | 0.32 | -4.31 | -4.81 | -3.01 | 0.44 | 0.85 | 2.45 | 3.06 |
| Div. Payout % | — | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | 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 | 2 | 2 | 2 | 6.84 | 6.84 | 6.84 | 6.84 | 6.84 | 6.84 | 6.84 | 13.16 | 13.16 |
| Reserves | 2.25 | 2.82 | 3.85 | 5.79 | 6.22 | 0.06 | -6.53 | -10.66 | -10.06 | -8.91 | -5.06 | -1.03 |
| Borrowings | 2.58 | 3.31 | 3.63 | 6.62 | 11.26 | 11.59 | 11.36 | 11.97 | 9.83 | 9.38 | 7.29 | 5.71 |
| Other Liabilities | 4.27 | 5.7 | 3.55 | 2.97 | 3.13 | 2.7 | 2.52 | 2.07 | 2.98 | 3.9 | 6.24 | 6.14 |
| Total Liabilities | 11.1 | 13.83 | 13.03 | 22.22 | 27.45 | 21.19 | 14.19 | 10.22 | 9.59 | 11.21 | 21.63 | 23.98 |
| Fixed Assets | 1.87 | 1.37 | 2.3 | 3.74 | 7.01 | 5.55 | 3.79 | 2.48 | 1.67 | 1.66 | 3.33 | 6.59 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0.07 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0 | 0.15 | 0 | 0.97 |
| Other Assets | 9.23 | 12.46 | 10.66 | 18.42 | 20.38 | 15.58 | 10.34 | 7.68 | 7.92 | 9.4 | 18.3 | 16.42 |
| Total Assets | 11.1 | 13.83 | 13.03 | 22.22 | 27.45 | 21.19 | 14.19 | 10.22 | 9.59 | 11.21 | 21.63 | 23.98 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 2.92 | 0.23 | -0.49 | -3.43 | 3.9 | 1.75 | 1.03 | 1.12 | 3.37 | 0.36 | 2.65 | 1.18 |
| Investing | 3.48 | -0.13 | -1.96 | -2.96 | -5.87 | -0.68 | 1.61 | 0.59 | 0.06 | -0.61 | -2.45 | -5.71 |
| Financing | -5.79 | 0.34 | -1.47 | 6.12 | 1.95 | -1.11 | -2.37 | -1.93 | -3.47 | 0.33 | 6.68 | -2.32 |
| Net Cash Flow | 0.61 | 0.45 | -3.92 | -0.26 | -0.02 | -0.04 | 0.27 | -0.22 | -0.04 | 0.08 | 6.88 | -6.85 |
| Free Cash Flow | 6.4 | 0.1 | -1.75 | -5.67 | -1.17 | 1.07 | 1.03 | 1.36 | 3.47 | -0.13 | 0.15 | -3.5 |
| CFO/OP | 702 | 38 | -22 | -106 | 113 | -64 | -36 | -61 | 125 | 24 | 49 | 18 |
Ratios
| Particulars | 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 | 71.82 | 117 | 107 | 160 | 253 | 269 | 257 | 242 | 104 | 117 | 89.98 | 95.73 |
| Inventory Days | 0 | 0 | 156 | 242 | — | 641 | 386 | 0 | 0 | 0 | 0 | — |
| Days Payable | — | — | 254 | 107 | — | 253 | 256 | — | — | — | — | — |
| Cash Conversion Cycle | 71.82 | 117 | 8.82 | 295 | 253 | 658 | 386 | 242 | 104 | 117 | 89.98 | 95.73 |
| Working Capital Days | -29.27 | 4.44 | 62.18 | 179 | 229 | 211 | -60.71 | -268 | -146 | -60.45 | -1.49 | 51.73 |
| ROCE % | -3.91% | 17.91% | 20.9% | 15.45% | 8.17% | -21.35% | -29.58% | -29.26% | 28.73% | 40.23% | 39.91% | 33.52% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Manav Infra Projects insights
51 extracted metrics + investor summaries across FY15–FY26.
Documents
1
Shareholders meeting
11 Sep - 17th AGM on 11 Sep 2026 approved financials, director reappointments, and borrowing limit up to Rs. 20 crore. 11 Sep - 17th AGM on 11 Sep 2026 approved financials, director reappointments, and borrowing limit up to Rs. 20 crore.
2
Shareholders meeting
11 Sep - 17th AGM held on 11 September 2026 via VC with remote e-voting. 11 Sep - 17th AGM held on 11 September 2026 via VC with remote e-voting.
3
General Updates
11 Sep - 17th AGM held on 11 Sep 2026; shareholders approved audited accounts, reappointments, Rs 20 crore borrowing authority. 11 Sep - 17th AGM held on 11 Sep 2026; shareholders approved audited accounts, reappointments, Rs 20 crore borrowing authority.
4
Shareholders meeting
11 Sep - Scrutinizer report for 17th AGM on 11 Sep 2026; shareholders approved financials, director reappointments, and Rs 20 crore borrowing authority. 11 Sep - Scrutinizer report for 17th AGM on 11 Sep 2026; shareholders approved financials, director reappointments, and Rs 20 crore borrowing authority.
5
Copy of Newspaper Publication
6 Sep - Manav Infra announces 17th AGM on 11 September 2026, with e-voting and book closure from 4-11 September. 6 Sep - Manav Infra announces 17th AGM on 11 September 2026, with e-voting and book closure from 4-11 September.
Frequently Asked Questions about Manav Infra Projects
What does Manav Infra Projects Ltd do?
Incorporated in 1995, Manav Infra Projects Ltd
is engaged in providing infrastructural services.[1]
Where is Manav Infra Projects Ltd (MANAV) listed?
Manav Infra Projects Ltd trades as MANAV on the NSE.
Which sector does Manav Infra Projects Ltd belong to?
Manav Infra Projects Ltd is classified under the Construction sector, in the Civil Construction industry.
What is the market capitalisation of Manav Infra Projects Ltd?
Manav Infra Projects Ltd has a market capitalisation of ₹53.63 Cr, which places it in the Small Cap band.
What is the PE ratio of Manav Infra Projects Ltd?
Manav Infra Projects Ltd trades at a PE ratio of 13.10, against a book value of ₹9.22 per share.
What is the 52-week high and low of Manav Infra Projects Ltd?
Over the last 52 weeks Manav Infra Projects Ltd has traded between ₹14.5 and ₹47.
What is the Return on Equity (ROE) of Manav Infra Projects Ltd?
Manav Infra Projects Ltd reported a return on equity of 33.19%. Its debt-to-equity ratio is 0.47.
Company Information
Incorporated in 1995, Manav Infra Projects Ltd is engaged in providing infrastructural services.[1]
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