Manav Infra ProjectsShare price, financial results, shareholding and management
- Market cap
- ₹49 cr
- Stock P/E
- 12.0peers 32.8
- Book value
- ₹9.2
- Price to book
- 4.01
- EV / operating profit
- 8.1
- Market cap to sales
- 1.17
- ROCE · FY26
- 33.2%
- ROE · FY26
- 39.8%
- ROE, 3-year average
- 73.3%
- Operating margin · FY26
- 16.0%peers 9.7%
- Sales growth, 3 years
- 51.5%
- Profit growth, 3 years
- 88.7%
- Debt to equity
- 0.47peers 0.38
- Borrowings
- ₹5.7 cr
- Interest cover
- 6.1×
- Cash from business / op. profit
- 18%
- Debtor days
- 96
- Pledged
- 0.00%
- Promoter holding
- 68.84%
- Change in promoter holding
- 0.00 pts
- Shareholders
- 184
- 52-week high / low
- ₹47 / ₹19
- Dividend yield
- 0.00%
- Face value
- ₹10
Tap or hover on any figure for what it means. Our arithmetic on reported figures, at the latest close.
newboard is reading this company's filings. Its plain description, key points, management and study will appear here soon; the figures below are worked out from what it has filed.
Manav Infra Projects share price chart
Close on 2 Nov 2026 · -4.90% on the day · Vol 4,000
Daily prices to 2 Nov 2026, adjusted for splits and bonuses. Closing prices only: check the exchange for the live price.
Share price returns
To the close of 2 Nov 2026
- 3 months
- +64.9%
- 6 months
- +1.8%
- 1 year
- +66.4%
- Traded a day, 20 days
- ₹0.02 cr
- Taken for delivery
- 99%
Business growth
Sales and net profit, from the reported results
| Sales | Profit | |
|---|---|---|
| FY26 on FY25 | +70% | +25% |
| 3 years, a year | +52% | +89% |
| Latest half, H2 FY26 | +77% | +20% |
Manav Infra Projects revenue and profit growth
Half-yearly results · Profit and lossSales have grown very fast. Last year profit grew more slowly than sales, so the profit kept from each rupee of sales slipped.
SME companies report every six months. In the latest half, sales were higher than in the same half a year before. Profit grew more slowly than sales, so each rupee of sales left a little less profit.
Manav Infra Projects half-yearly results
SME companies report every six months · ₹ crore
| H1FY23 | H2FY23 | H1FY24 | H2FY24 | H1FY25 | H2FY25 | H1FY26 | H2FY26 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 4.40 | 8.57 | 5.52 | 8.80 | 6.35 | 18.14 | 9.43 | 32.13 |
| Expenses | 4.53 | 4.83 | 4.53 | 6.52 | 4.87 | 14.31 | 8.26 | 26.63 |
| Operating profit | -0.13 | 3.74 | 0.99 | 2.28 | 1.48 | 3.84 | 1.16 | 5.50 |
| OPM | -3.0% | 43.6% | 17.9% | 25.9% | 23.3% | 21.1% | 12.3% | 17.1% |
| Interest | 0.71 | 0.75 | 0.63 | 0.56 | 0.71 | 0.82 | 0.45 | 0.45 |
| Depreciation | 0.37 | 0.71 | 0.24 | 0.26 | 0.54 | 0.29 | 0.54 | 0.89 |
| Profit before tax | -1.21 | 2.40 | 0.12 | 1.46 | 0.23 | 2.88 | 0.40 | 4.22 |
| Net profit | -1.20 | 1.82 | 0.09 | 1.07 | 0.21 | 3.01 | 0.41 | 3.61 |
Manav Infra Projects profit and loss
Full years to March, FY15 to FY26 · ₹ crore, consolidated where reported
| FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 14.84 | 16.44 | 18.08 | 20.87 | 15.53 | 8.62 | 5.05 | 5.39 | 11.95 | 14.31 | 24.50 | 41.56 |
| Expenses | 14.39 | 14.50 | 15.89 | 17.64 | 11.99 | 11.34 | 8.89 | 7.23 | 9.13 | 11.01 | 19.18 | 34.90 |
| Operating profit | 0.45 | 1.94 | 2.19 | 3.23 | 3.54 | -2.72 | -3.84 | -1.84 | 2.82 | 3.30 | 5.31 | 6.66 |
| OPM | 3.0% | 11.8% | 12.1% | 15.5% | 22.8% | -31.6% | -76.0% | -34.1% | 23.6% | 23.1% | 21.7% | 16.0% |
| Other income | 1.39 | -0.03 | 0.22 | 0.26 | 0.02 | 0.14 | 0.01 | -0.07 | 0.10 | -0.03 | 0.15 | 0.29 |
| Interest | 0.65 | 0.89 | 1.05 | 1.20 | 1.38 | 1.41 | 1.34 | 1.24 | 1.46 | 1.19 | 1.53 | 0.90 |
| Depreciation | 0.82 | 0.60 | 0.57 | 1.03 | 1.80 | 2.15 | 1.59 | 1.07 | 0.71 | 0.50 | 0.83 | 1.43 |
| Profit before tax | 0.37 | 0.42 | 0.79 | 1.26 | 0.38 | -6.14 | -6.76 | -4.22 | 0.75 | 1.58 | 3.11 | 4.62 |
| Tax rate | 100.0% | -45.2% | -30.4% | -0.8% | -15.8% | -3.9% | -2.5% | -2.1% | 20.0% | 26.6% | -3.5% | 12.8% |
| Net profit | 0 | 0.61 | 1.03 | 1.27 | 0.44 | -5.90 | -6.59 | -4.13 | 0.60 | 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 | 4.66 | 3.06 |
| Dividend payout | · | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
A tax rate above 60% or below zero (FY15, FY16, FY17, FY18, FY19, FY20, FY21, FY22, FY25) comes from tax charged on a small or negative profit, as reported.
Manav Infra Projects profitability
Margins and returns on capitalLast year the company kept less from each rupee of sales than the year before. It earns a high return on the money it uses.
Operating margin, every year
Per cent of sales kept before interest, depreciation and tax
| FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | 3.0% | 11.8% | 12.1% | 15.5% | 22.8% | -31.6% | -76.0% | -34.1% | 23.6% | 23.1% | 21.7% | 16.0% |
| Tax rate | 100.0% | -45.2% | -30.4% | -0.8% | -15.8% | -3.9% | -2.5% | -2.1% | 20.0% | 26.6% | -3.5% | 12.8% |
| ROCE | · | 17.5% | 20.9% | 17.1% | 8.1% | -22.1% | -36.0% | -30.1% | 29.9% | 39.8% | 40.9% | 33.2% |
| ROE | · | 13.5% | 19.3% | 13.7% | 3.4% | -59.1% | · | · | · | · | 106.8% | 39.8% |
| Dividend payout | · | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Manav Infra Projects debt and cash flow
Balance sheet · Cash flow · Working capitalThe company's own money, its net worth, has grown fast. It cut its borrowings last year. Its loans are smaller than its own money. Last year the business brought in less cash than it showed as profit, so part of the profit is still to be collected. It spent more on assets and investments than the business brought in, and drew on its cash. Customers take about as long to pay as they did in FY24.
Bars below the line are cash going out.
Manav Infra Projects balance sheet
At each 31 March · ₹ crore
| FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Net worth | 4.25 | 4.82 | 5.85 | 12.63 | 13.06 | 6.90 | 0.31 | -3.82 | -3.22 | -2.07 | 8.10 | 12.13 |
| Borrowings | 2.58 | 3.31 | 3.63 | 6.62 | 11.26 | 11.59 | 11.35 | 11.97 | 9.83 | 9.38 | 7.30 | 5.70 |
| Other liabilities | 4.27 | 5.70 | 3.55 | 2.97 | 3.13 | 2.70 | 2.53 | 2.07 | 2.98 | 3.90 | 6.24 | 6.16 |
| Total liabilities | 11.10 | 13.83 | 13.03 | 22.22 | 27.45 | 21.19 | 14.19 | 10.22 | 9.59 | 11.21 | 21.64 | 23.99 |
| Fixed assets | 1.87 | 1.37 | 2.30 | 3.74 | 7.01 | 5.55 | 3.79 | 2.48 | 1.67 | 1.66 | 3.33 | 6.59 |
| Capital work in progress | 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 | 9.40 | 18.31 | 16.43 |
| Receivables | · | · | · | · | · | · | · | · | · | · | 6.04 | 10.90 |
| Inventory | · | · | · | · | · | · | · | · | · | · | 0 | 0 |
| Cash | · | · | · | · | · | · | · | · | · | · | 6.98 | 0.13 |
| Trade payables | · | · | · | · | · | · | · | · | · | · | 5 | 4.39 |
Manav Infra Projects cash flow
₹ crore
| FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 2.92 | 0.23 | -0.49 | -3.43 | 3.90 | 1.75 | 1.03 | 1.12 | 3.37 | 0.36 | 2.65 | 1.18 |
| Cash from 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 |
| Cash from 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 | 0.44 | -3.92 | -0.27 | -0.02 | -0.04 | 0.27 | -0.22 | -0.04 | 0.08 | 6.88 | -6.85 |
| Capital spending | · | · | · | · | · | · | · | · | · | · | 2.81 | 5 |
Working capital
Days
| FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 72 | 117 | 107 | 160 | 253 | 269 | 257 | 242 | 104 | 117 | 90 | 96 |
| Inventory days | 0 | 0 | 156 | 242 | · | 641 | 386 | 0 | 0 | 0 | 0 | · |
| Days payable | · | · | 254 | 107 | · | 253 | 256 | · | · | · | · | · |
| Cash conversion cycle | 72 | 117 | 9 | 295 | 253 | 658 | 386 | 242 | 104 | 117 | 90 | 96 |
| Working capital days | -29 | 4 | 62 | 179 | 229 | 211 | -61 | -268 | -146 | -60 | -1 | 52 |
Manav Infra Projects peers and competitors
Listed SME companies in the same industryBy sales, Manav Infra Projects is number 53 of the 58 listed SME companies in construction.
Each company's latest full year and its latest close; companies the exchange puts in the same industry, whose businesses can differ a good deal. A list, not a comparison of their shares.
| Company | Market cap ₹ cr | P/E | Sales ₹ cr | Profit ₹ cr | Op. margin | Debt/equity |
|---|---|---|---|---|---|---|
| NACDAC Infrastructure | 25 | 5.6 | 63.2 | 4.4 | 9.3% | 0.27 |
| Popular Foundations | 56 | 55.7 | 61.8 | 1 | 3.7% | 0.33 |
| Chiraharit | 55 | 608.8 | 54.9 | 0.1 | 2.7% | 0.33 |
| Samay Project Services | 67 | 9.9 | 50.2 | 6.8 | 14.9% | 0.09 |
| Suyog Gurbaxani Funicular Ropeways | 196 | 33.0 | 49.3 | 6 | 49.8% | 4.17 |
| Mewar Hi-Tech Engineering | 25 | 28.2 | 47.3 | 0.9 | 13.1% | 1.90 |
| Manav Infra Projects | 49 | 12.0 | 41.6 | 4 | 16.0% | 0.47 |
| Telge Projects | 231 | 36.8 | 40.2 | 6.3 | 22.7% | 0.23 |
| Agni Green Power | 28 | 32.6 | 38.6 | 0.8 | 10.0% | 0.51 |
| Ranjeet Mechatronics | 27 | 81.8 | 29.1 | 0.3 | 5.5% | 0.42 |
| Abhishek Integrations | 17 | 21.4 | 28.3 | 0.8 | 7.9% | 0.94 |
| Median of the 10 others | 42 | 32.8 | 48.3 | 0.9 | 9.7% | 0.38 |
Manav Infra Projects shareholding pattern
Promoters, FIIs, DIIs, HNIs and small holdersThe promoters own more than half the company, a little less than in the first filing shown. Big foreign and Indian funds own very little. The number of shareholders has come down.
Manav Infra Projects shareholding pattern
Per cent of shares, from the patterns filed with the exchange. Tap + to see everyone holding 1% or more in that group. HNIs and small holders show only where the pattern was filed in full.
| Mar 23 | Sep 23 | Mar 24 | Sep 24 | Mar 25 | Sep 25 | Mar 26 | Sep 26 | |
|---|---|---|---|---|---|---|---|---|
| Promoters | 73.13% | 73.13% | 73.13% | 73.13% | 68.84% | 68.84% | 68.84% | 68.84% |
| Foreign investors (FIIs) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | - | - | - |
| Indian institutions (DIIs) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | - | - | - |
| HNIs (over ₹2 lakh each) | 10.18% | 9.30% | 9.25% | 9.30% | 21.55% | 21.98% | 24.07% | 24.41% |
| Small holders (up to ₹2 lakh) | 15.17% | 14.64% | 13.53% | 13.36% | 7.15% | 7.67% | 5.90% | 5.72% |
| Companies and others | 1.52% | 2.93% | 4.09% | 4.21% | 2.46% | 1.51% | 1.19% | 1.03% |
| Number of shareholders | 259 | 248 | 232 | 224 | 238 | 248 | 197 | 184 |
The named holders are at 30 Sept 2026, beside 31 March 2026, each under the group the pattern files them in.
Manav Infra Projects latest news and announcements
Announcements · Documents · Corporate actionsWhat changed recently
Each half-year is set against the same half a year earlier
- H2 FY26: sales ₹32.1 cr (+77%), net profit ₹3.6 cr (+20%) on H2 FY25.
- Shareholding, 30 Sept 2026: promoters unchanged at 68.84%.
- 27 Aug 2026: an order announced.
Manav Infra Projects announcements
24 on record, latest first; each opens the filing on the exchange
- Structural Digital DatabaseSDD Compliance Certificate for the Quarter ended September 30, 2026:PDF ↗
- Quarterly Compliance Report on Corporate governance - within 21 days from the enManav Infra Projects Limited has informed regarding Submission of the Compliance Report on Corporate Governance for the Q_ FY 20__-__PDF ↗
- Certificate under SEBI (Depositories and Participants) Regulations, 2018Certificate under SEBI (Depositories and Participants) Regulations, 2018PDF ↗
- Trading WindowClosure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015PDF ↗
- General Updatessubmission of Scrutinizers Report for the 17th AGMPDF ↗
- Shareholders meetingSrutinizers report of Annual General Meeting held on September 11, 2026. Further, the company has informed the Exchange regarding voting resultsPDF ↗
- Shareholders meetingAGM outcomePDF ↗
- Shareholders meetingProceedings of Annual General Meeting held on September 11, 2026PDF ↗
- Copy of Newspaper PublicationFor the upcoming 17th Annual General MeetingPDF ↗
- Updates'News clarification for Price Movement'PDF ↗
- Price movementSignificant movement in price has been observed in Manav Infra Projects Limited. The Exchange, in order to ensure that investors have latest relevant informatioPDF ↗
- Shareholders meetingNotice of Annual General Meeting to be held on September 11, 2026PDF ↗
Manav Infra Projects annual reports, earnings calls and documents
Every document links to its source; “read” marks those this page is built from
Manav Infra Projects share split, bonus and dividends
From the corporate actions the company announces on the exchange
- Rights issueRIGHTS 1:1 @ PREMIUM RE 1/-ex-date 28 Feb 2025
Checks we ran on Manav Infra Projects' data · 9
Before any number shows, it goes through the same checks. A figure that fails is held back, never shown as if it were right.
- ✓Balance sheet totals add up for FY25 and FY26.
- ✓Market cap uses the share count in the latest shareholding pattern (1,31,60,000 shares).
- ✓The share capital in the FY26 results matches the share count in the shareholding pattern.
- ✓Promoter pledge figures are within possible limits in every shareholding pattern shown.
- ✓Promoter and public holdings add up to 100% in every shareholding pattern shown.
- ✓The two half-years of FY26 add up to the full-year sales.
- !Earnings per share changes basis between FY17 (₹2.58) and FY18 (₹0.93) because the share count behind it changes; EPS is shown as reported, and growth is worked out on profit.
- ✓Revenue and profit are reported for every year shown, FY15 to FY26.
- iPrices run to the close on 5 Oct 2026, from the exchange's daily figures.
Questions people ask about Manav Infra Projects
What does Manav Infra Projects do?
Manav Infra Projects is an SME company listed on NSE Emerge, in construction.
What is the share price of Manav Infra Projects?
₹36.9 at the close on 2 Nov 2026, from the exchange's daily figures.
What is the market cap of Manav Infra Projects?
₹49 cr at the close on 2 Nov 2026, on 1,31,60,000 shares.
What is the P/E of Manav Infra Projects?
12.0 times FY26 profit at the close on 2 Nov 2026 (our arithmetic).
What are Manav Infra Projects' revenue and profit?
Revenue ₹42 cr and profit after tax ₹4 cr in FY26.
Who are the promoters of Manav Infra Projects?
The promoter group; promoters held 68.84% at 30 Sept 2026.
What is Manav Infra Projects' website?
www.manavinfra.com
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Every listed SME company in Construction → · SME companies listed in 2017 →
Built from 24 exchange announcements, 8 shareholding patterns and 12 years of reported results. Every figure carries its source; where the documents are silent, the page says so.