Manav Infra Projects
Construction
MANAV NSE
₹36.85 No trade today
Close 2 Nov 2026 ₹36.85 +15.10 +69.4% 1Y
Start ₹21.75
Key Fundamentals
SMEConstructionIndustrialsPrice-based figures as of · TTM
- ROCE
- 33.50%
- Debt to Equity
- 0.47
- EPS (TTM)
- —
- Book Value
- ₹9.22
- Market Cap
- —
- P/E (TTM)
- —
- P/B
- 4.00
- ROE
- 40.30%
- Dividend Yield
- 0.00%
- EBITDA
- ₹6.90 Cr
- 52W High
- ₹47.00
- 52W Low
- ₹18.75
- Volume
- 0
Peer Comparison
Industrials › Construction › Civil Construction
| ₹3,944.40 | 30.37 | ₹5,47,193 Cr | 4.80 | 0.96% | 15.90% | 14.60% | ₹3,00,904 Cr | ₹20,895 Cr | |
| ₹191.23 | 44.37 | ₹39,292 Cr | 4.06 | 0.93% | 9.02% | 10.80% | ₹20,825 Cr | ₹897 Cr | |
| ₹1,310.10 | 37.40 | ₹23,549 Cr | 6.36 | 0.24% | 27.80% | 32.80% | ₹10,205 Cr | ₹602 Cr | |
| ₹1,366.10 | 20.52 | ₹22,726 Cr | 3.00 | 0.83% | 13.70% | 18.30% | ₹27,380 Cr | ₹1,129 Cr | |
| ₹77.74 | 28.37 | ₹20,666 Cr | 6.95 | 0.20% | 20.40% | 29.30% | ₹12,756 Cr | ₹766 Cr | |
| ₹16.79 | 21.25 | ₹19,929 Cr | 0.94 | 0.31% | 4.29% | 7.47% | ₹7,686 Cr | ₹954 Cr | |
| ₹300.85 | 21.55 | ₹16,653 Cr | 5.06 | 0.52% | 23.40% | 30.40% | ₹3,878 Cr | ₹784 Cr | |
| Manav Infra Projects (this company) | ₹36.85 | — | ₹48 Cr | 4.00 | 0.00% | 40.30% | 33.50% | — | — |
| Median 8 companies | ₹246.04 | 28.37 | ₹21,696 Cr | 4.43 | 0.42% | 18.15% | 23.80% | ₹12,756 Cr | ₹897 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Key Insights
Strengths
1- Company has reduced debt.
Weaknesses
2- Tax rate seems low
- Promoter holding has decreased over last 3 years: -4.29%
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bullish | 2 | 5 | 12 |
| Oscillators | Bullish | 1 | 5 | 3 |
| Moving Averages | Strong Bullish | 1 | 0 | 9 |
Oscillators
Bullish
Bearish
1
Neutral
5
Bullish
3
Overall
Strong Bullish
Bearish
2
Neutral
5
Bullish
12
Moving Averages
Strong Bullish
Bearish
1
Neutral
0
Bullish
9
Key readings
- RSI (14)
- 58.87
- Neutral
- MACD (12,26,9)
- 2.06
- Bullish
- SMA (50)
- 34.76
- Bullish
- SMA (200)
- 25.99
- Bullish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025.
Revenue
| 10Y | +9.72% |
|---|---|
| 5Y | +52.43% |
| 3Y | +51.51% |
| 1Y | +69.63% |
Net profit
| 10Y | +20.78% |
|---|---|
| 5Y | Turned to profit |
| 3Y | +88.68% |
| 1Y | +25.16% |
Operating cash flow
| 10Y | +17.76% |
|---|---|
| 5Y | +2.76% |
| 3Y | −29.52% |
| 1Y | −55.47% |
Operating margin· change in pp
| 10Y | +4.35 pp |
|---|---|
| 5Y | +73.18 pp |
| 3Y | −7.45 pp |
| 1Y | −5.73 pp |
Trailing twelve months: Results are not reported for each of the last eight quarters, so there is no trailing-twelve-month figure.
Revenue by year
| Mar 2017 | ₹18.08 Cr |
|---|---|
| Mar 2018 | ₹20.87 Cr |
| Mar 2019 | ₹15.53 Cr |
| Mar 2020 | ₹8.62 Cr |
| Mar 2021 | ₹5.05 Cr |
| Mar 2022 | ₹5.39 Cr |
| Mar 2023 | ₹11.95 Cr |
| Mar 2024 | ₹14.31 Cr |
| Mar 2025 | ₹24.50 Cr |
| Mar 2026 | ₹41.56 Cr |
Net profit by year
| Mar 2017 | ₹1.03 Cr |
|---|---|
| Mar 2018 | ₹1.27 Cr |
| Mar 2019 | ₹0.44 Cr |
| Mar 2020 | −₹5.90 Cr |
| Mar 2021 | −₹6.59 Cr |
| Mar 2022 | −₹4.13 Cr |
| Mar 2023 | ₹0.60 Cr |
| Mar 2024 | ₹1.16 Cr |
| Mar 2025 | ₹3.22 Cr |
| Mar 2026 | ₹4.03 Cr |
Half-yearly Results
₹ Cr| 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 (₹) | −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
₹ Cr| 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 (₹) | 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
₹ Cr| 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
₹ Cr| 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
54 extracted metrics across FY15–FY26.
Documents
- 26 Dec 2018
- 15 Jan 2018
- 10 Oct 2026
- 1 Oct 2026
- 11 Sep 2026
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.
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 52-week high and low of Manav Infra Projects Ltd?
Over the last 52 weeks Manav Infra Projects Ltd has traded between ₹18.75 and ₹47 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Manav Infra Projects Ltd?
Manav Infra Projects Ltd reported a return on equity of 40.30%. Its debt-to-equity ratio is 0.47.
Company Information
Incorporated in 1995, Manav Infra Projects Ltd is engaged in providing infrastructural services.
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