Man Infraconstruction

Mumbai, India Founded: 1964 • Age: 62 yrs Listed
Residential, commercial, and infrastructure projects are developed in India.

About Man Infraconstruction

Man Infraconstruction is a publicly listed company based in Mumbai (India) founded in 1964. Residential, commercial, and infrastructure projects are developed in India. The company has 470 employees. Its chief executive, as recorded, is Parag Shah. Its Indian entity Man Infraconstruction Limited reported revenue of β‚Ή809 Cr. Man Infraconstruction offers products and services including Port Infrastructure Services, Residential Construction, and Commercial Construction. Its focus areas include Real Estate and Construction, Real Estate & Infrastructure Developers and Diversified. Its competitors include Godrej Properties and DLF India.

Company details

Man Infraconstruction was established in 1964 and is based in Mumbai, India. Development activities are centered on residential, commercial, and infrastructure projects within the real estate and construction sectors. Operations encompass project execution, from planning to completion, across various urban and regional sites in India. Leadership is provided by CEO Parag Shah, with a focus on infrastructure-related services and property development.

  • Headquarters Mumbai, India
  • Employees 470
  • Stage Public
  • Sectors
    Real Estate & Construction
  • Email
    β€’β€’β€’β€’β€’β€’β€’β€’
  • Phone
    β€’β€’β€’β€’ β€’β€’β€’β€’
  • Website maninfra.com
  • Social LinkedIn Facebook
  • Legal Name Man Infraconstruction Limited
Key Metrics
  • Market Cap
    ₹4,256 Cr

    MANINFRA · NSE

  • Share Price
    ₹102.50

    -2.79% today

  • Revenue
    ₹630 Cr

    FY 2025-26 · -43.1% YoY

  • EBITDA
    ₹129 Cr

    Margin 20.4%

  • Net Profit
    ₹184 Cr

    FY 2025-26 · -34.8% YoY

  • P/E (TTM)
    20.0x

    P/B 1.9x

  • ROE
    10.5%

    ROCE 14.2%

  • Debt / Equity
    0.02

    Interest cover 8.8x

  • Employee Count
    470

Products & Services of Man Infraconstruction

Man Infraconstruction offers a comprehensive portfolio of products and services, including Port Infrastructure Services, Residential Construction, and Commercial Construction.

Port Infrastructure Services
Construction

Services for building and operating container terminals and ports.

Residential Construction
Real Estate

Development of high-rise buildings and townships for clients.

Commercial Construction
Institutional

Construction of IT parks, hotels, and shopping malls.

Board of directors of Man Infraconstruction Limited (Man Infraconstruction)

Man Infraconstruction Limited is the primary company behind Man Infraconstruction. The boards of the 5 registered companies of Man Infraconstruction currently have 13 directors; the longest-serving is Durgesh Suhas Dingankar, appointed in 2007. 59 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Durgesh Suhas Dingankar
DIN 03013304
Company Secretary03 Dec 200718 yrs 10 moMan Infraconstruction Limited
Sunil Gobind Ajwani
DIN 00214748
Director24 Mar 200917 yrs 7 moManaj Infraconstruction Limited
Parag Kishorchandra Shah
DIN 00063058
Director01 Apr 201214 yrs 6 moMan Infraconstruction Limited
Berjis Minoo Desai
DIN 00153675
Director28 May 201214 yrs 4 moMan Infraconstruction Limited
Dharmesh Rajnikant Shah
DIN 01599899
Director19 May 201412 yrs 5 moManaj Infraconstruction Limited
Navin Amarlal Makhija
DIN 00390435
Director30 Sep 201412 yrsAtmosphere Realty Private Limited
Manohar Moolchand Chhabria
DIN 06373617
Director01 May 20179 yrs 5 moAtmosphere Realty Private Limited
Manan Parag Shah
DIN 06500239
Designated Partner13 Oct 20179 yrsMan Chandak Realty Llp, Man Realtors And Holdings Private Limited, Manaj Infraconstruction Limited, Man Infraconstruction Limited, Atmosphere Realty Private Limited
Abhay Shyamsunder Chandak
DIN 00181044
Designated Partner13 Oct 20179 yrsMan Chandak Realty Llp, Atmosphere Realty Private Limited
Sagar Sunil Ajwani
DIN 06675020
Director31 Dec 20187 yrs 9 moManaj Infraconstruction Limited
Kavita Bhaskar Upadhyay
DIN 08333952
Director07 Jul 20215 yrs 3 moMan Realtors And Holdings Private Limited, Man Infraconstruction Limited
Kshitija Gunwantrao Wadatkar
DIN 10202871
Director25 Jul 20233 yrs 3 moMan Infraconstruction Limited
Ashok Manharlal Mehta
DIN 03099844
Director10 Jun 20251 yr 4 moMan Realtors And Holdings Private Limited, Man Infraconstruction Limited

People of Man Infraconstruction

16 people are tracked at Man Infraconstruction (7 in leadership, 5 in board & advisors, 4 in team); the tracked headcount is 470.

NameRoleGroup
CEOLeadership
Khushraho P Kapadia
Vice President Of Business DevelopmentLeadership
Managing DirectorLeadership
CFO & Executive DirectorLeadership
Pathan Naasir
Chief EngeneerLeadership
Mukund Vinchurkar
Chief Engineer MEPLeadership
Ayush Shah
Head Of SalesLeadership
DirectorBoard & advisors
ChairmanBoard & advisors
DirectorBoard & advisors
Kamlesh S. Vikamsey
DirectorBoard & advisors
DirectorBoard & advisors
Company Secretary & Compliance OfficerTeam
Reshma Ghutukade
Real Estate Sales ProfessionalTeam
Kunal Zagade
Sr.digital Marketing ManagerTeam
Simona Bastian
Senior Manager- Sales And MarketingTeam
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IPO & Listings of Man Infraconstruction

Man Infraconstruction is a publicly listed company on the NSE with ticker symbol MANINFRA in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date11 Mar 2010
  • Listed onBSE: 533169 · NSE: MANINFRA
  • Listed entityMan Infraconstruction Limited
  • Exchange sectorFinance
  • ISININE949H01023
  • Share price₹116.02 (+0.2% on the day) · 2026-10-14
  • Market capitalisation₹4,670 Cr
  • Price to earnings21.6
  • EPS (diluted, trailing year)₹5.38
  • Dividend yield1.01%
  • Volume (last session)814,184

Financials of Man Infraconstruction

Exchange-reported figures of Man Infraconstruction Limited, the listed company behind Man Infraconstruction (NSE: MANINFRA).

Financial Highlights

FY 2025-26 Β· Consolidated
Revenue
₹630 Cr
-43.1% YoY
EBITDA
₹129 Cr
-57.1% YoY
Profit After Tax
₹184 Cr
-34.8% YoY
Net Worth
₹2,266 Cr
+28.5% YoY
Total Assets
₹2,393 Cr
+26.3% YoY
Total Debt
₹63.98 Cr
+79.7% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue6301,1081,2631,890961427267
Revenue growth-43.1%-12.3%-33.2%+96.6%+125.1%+60.0%-
EBITDA12930132641424896.62(2.35)
EBITDA margin+20.5%+27.1%+25.8%+21.9%+25.7%+22.6%-0.9%
Profit before tax28540139739737955.12(34.38)
Net profit18428229125721530.66(7.02)
Net profit margin+29.2%+25.5%+23.1%+13.6%+22.3%+7.2%-2.6%
EPS (β‚Ή)4.977.538.096.965.831.29(0.29)
Balance sheet
Total assets2,3931,8951,6701,3671,4991,2061,098
Net worth2,2661,7631,4631,089860688682
Total debt63.9835.60131206557493393
Cash & bank435423549298360213141
Net working capital1,7561,5201,2889801,055815663
Cash flow
Cash from operations(49.70)13357344818778.3088.06
Cash from investing(323)(115)(397)(102)27.60(84.21)82.88
Cash from financing306(116)(27.86)(458)(82.20)20.01(137)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue218146153149183294242230
Revenue growth (YoY)+19.4%-50.5%-36.7%-35.4%-46.5%---
Other income21.5442.4945.1046.2444.8136.5532.6740.53
EBITDA71.5218.9332.7736.5840.6010660.9027.57
EBITDA margin+32.8%+13.0%+21.4%+24.6%+22.2%+36.2%+25.1%+12.0%
Depreciation3.123.563.522.932.392.332.102.00
Interest5.313.072.221.833.065.162.563.09
Profit before tax84.6354.7972.1378.0679.9613688.9163.01
Tax21.8813.7620.5018.0521.6338.394.8815.75
Net profit62.7541.0351.6360.0158.3397.1584.0347.26
EPS (β‚Ή)1.771.061.161.381.462.052.181.18
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue286395708798237120107
Revenue growth-27.7%-44.3%-11.2%+237.2%+97.8%+11.8%-
EBITDA62.5490.7715813761.123.76(1.75)
EBITDA margin+21.9%+23.0%+22.3%+17.2%+25.8%+3.1%-1.6%
Profit before tax20120327120913111088.58
Net profit15015621416510591.7268.79
Net profit margin+52.4%+39.5%+30.3%+20.7%+44.3%+76.7%+64.3%
EPS (β‚Ή)3.844.185.804.472.853.732.78
Balance sheet
Total assets2,1051,6621,5061,1541,009933863
Net worth2,1011,6561,4861,1361,004931861
Total debt0.000.008.5610.830.000.000.00
Cash & bank36428835616614013660.46
Net working capital1,1751,108966741684622613
Cash flow
Cash from operations46.8015.3923024.7715.8722.9615.39
Cash from investing(353)(61.07)(206)(31.20)41.18(11.18)21.71
Cash from financing2849.4563.61(37.01)(31.52)(23.35)(14.66)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue10364.8163.5557.7299.4713185.6970.60
Revenue growth (YoY)+3.3%-50.5%-25.8%-18.2%-7.6%---
Other income11.5835.5134.0032.4050.2833.7636.3026.50
Total expenses31.6951.3952.3946.6772.5911065.9556.64
EBITDA71.0313.4211.1611.0526.8820.7419.7413.96
EBITDA margin+69.1%+20.7%+17.6%+19.1%+27.0%+15.9%+23.0%+19.8%
Depreciation2.082.642.692.301.752.161.881.77
Interest1.050.930.900.951.511.110.821.10
Profit before tax79.4845.3641.5740.2073.9051.2353.3437.59
Tax19.9112.0111.1610.0812.9512.0710.317.87

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 25 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue218146153149183294242230
Revenue growth (YoY)+19.4%-50.5%-36.7%-35.4%-46.5%---
Other income21.5442.4945.1046.2444.8136.5532.6740.53
EBITDA71.5218.9332.7736.5840.6010660.9027.57
EBITDA margin+32.8%+13.0%+21.4%+24.6%+22.2%+36.2%+25.1%+12.0%
Depreciation3.123.563.522.932.392.332.102.00
Interest5.313.072.221.833.065.162.563.09
Profit before tax84.6354.7972.1378.0679.9613688.9163.01
Tax21.8813.7620.5018.0521.6338.394.8815.75
Net profit62.7541.0351.6360.0158.3397.1584.0347.26
EPS (β‚Ή)1.771.061.161.381.462.052.181.18
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue6301,1081,2631,890961427267
Revenue growth-43.1%-12.3%-33.2%+96.6%+125.1%+60.0%-
Other income17912311652.7620226.0732.31
Total expenses5028079371,476714331269
Employee cost74.8473.5878.9271.1857.7736.2436.68
EBITDA12930132641424896.62(2.35)
EBITDA margin+20.5%+27.1%+25.8%+21.9%+25.7%+22.6%-0.9%
Depreciation12.418.329.9511.249.339.167.07
Interest10.2314.7835.1658.4761.7758.4157.27
Profit before tax28540139739737955.12(34.38)
Tax73.9287.8593.8710880.3721.77(22.16)
Net profit18428229125721530.66(7.02)
Net profit margin+29.2%+25.5%+23.1%+13.6%+22.3%+7.2%-2.6%
EPS (β‚Ή)4.977.538.096.965.831.29(0.29)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital80.7375.0674.2574.2574.2562.7461.32
Reserves & surplus2,1861,5681,2531,015785625620
Shareholders' funds (net worth)2,2661,7631,4631,089860688682
Minority interest46.5880.5553.2455.7970.2318.6719.07
Secured loans31.0529.0512391.16404355360
Unsecured loans32.936.557.6011515313833.19
Total debt63.9835.60131206557493393
Total liabilities2,3931,8951,6701,3671,4991,2061,098
Assets
Gross block10692.2998.0610499.5295.11112
Net block61.0248.7153.0160.6060.4359.1780.87
Capital work in progress0.000.000.000.001.990.940.01
Investments53027227711315063.3922.23
Inventories738530505380449403380
Sundry debtors71.4087.0514433312510481.85
Cash & bank balances435423549298360213141
Loans & advances892762575384338346260
Total current assets2,1361,8021,7721,3941,2721,066863
Total current liabilities380282484414218250200
Net working capital1,7561,5201,2889801,055815663
Total assets2,3931,8951,6701,3671,4991,2061,098
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash13923789.1420177.4363.3429.45
Net cash from operating activities(49.70)13357344818778.3088.06
Net cash from investing activities(323)(115)(397)(102)27.60(84.21)82.88
Net cash from financing activities306(116)(27.86)(458)(82.20)20.01(137)
Net change in cash(66.69)(97.79)148(111)13214.1033.88
Closing cash435423549298360213141
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-43.1%-12.3%-33.2%+96.6%+125.1%+60.0%-
EBITDA growth-57.1%-7.9%-21.2%+67.3%+156.2%+4211.5%-
PBT growth-28.9%+0.9%+0.1%+4.8%+587.4%+9998.0%-
Net income growth-34.8%-3.2%+13.2%+20.0%+599.8%+536.8%-
Revenue CAGR (3Y)-30.7%+4.8%+43.6%+92.0%+37.3%-13.1%-16.1%
EBITDA CAGR (3Y)-32.2%+6.7%+50.1%-+35.0%-21.4%-
Profitability & leverage
Net income margin+33.5%+28.2%+24.0%+15.3%+31.1%+7.8%-4.6%
Return on capital employed+14.2%+24.2%+29.5%+33.3%+33.7%+10.0%+2.1%
Return on net worth+10.5%+19.4%+23.8%+29.7%+38.9%+5.0%-1.8%
Debt / equity0.020.050.130.390.680.650.60
Long-term debt / equity0.010.020.030.200.470.520.55
Interest cover8.785.0611.1114.5225.9366.78-607.96
Efficiency & per share
Fixed asset turnover6.3711.6412.5018.579.884.122.42
Inventory turnover0.992.142.864.562.261.090.70
Debtors turnover7.969.585.308.258.364.592.47
EPS (β‚Ή)4.977.538.096.965.831.29(0.29)
Dividend per share (β‚Ή)0.900.901.620.901.260.900.55
Book value per share (β‚Ή)56.1543.7935.7629.3423.1527.2727.06
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue10364.8163.5557.7299.4713185.6970.60
Revenue growth (YoY)+3.3%-50.5%-25.8%-18.2%-7.6%---
Other income11.5835.5134.0032.4050.2833.7636.3026.50
Total expenses31.6951.3952.3946.6772.5911065.9556.64
EBITDA71.0313.4211.1611.0526.8820.7419.7413.96
EBITDA margin+69.1%+20.7%+17.6%+19.1%+27.0%+15.9%+23.0%+19.8%
Depreciation2.082.642.692.301.752.161.881.77
Interest1.050.930.900.951.511.110.821.10
Profit before tax79.4845.3641.5740.2073.9051.2353.3437.59
Tax19.9112.0111.1610.0812.9512.0710.317.87
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue286395708798237120107
Revenue growth-27.7%-44.3%-11.2%+237.2%+97.8%+11.8%-
Other income15212312583.1875.3211496.32
Total expenses223304550661175116109
Employee cost34.0136.2937.6932.3927.9719.6324.67
EBITDA62.5490.7715813761.123.76(1.75)
EBITDA margin+21.9%+23.0%+22.3%+17.2%+25.8%+3.1%-1.6%
Depreciation9.387.466.976.734.816.484.80
Interest4.324.165.054.620.431.231.19
Profit before tax20120327120913111088.58
Tax46.2045.7156.1042.7625.5717.3919.86
Net profit15015621416510591.7268.79
Net profit margin+52.4%+39.5%+30.3%+20.7%+44.3%+76.7%+64.3%
EPS (β‚Ή)3.844.185.804.472.853.732.78
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital80.7375.0674.2574.2574.2549.5049.50
Reserves & surplus2,0201,4611,2761,062930881811
Shareholders' funds (net worth)2,1011,6561,4861,1361,004931861
Secured loans0.000.008.5610.830.000.000.00
Unsecured loans0.000.000.000.000.000.000.00
Total debt0.000.008.5610.830.000.000.00
Total liabilities2,1051,6621,5061,1541,009933863
Assets
Gross block89.7781.0980.1674.5767.6468.9869.36
Net block49.4344.9645.9243.5340.6643.7448.28
Capital work in progress0.000.000.000.001.990.940.01
Investments86647747329315213690.42
Inventories1.013.033.421.643.031.693.90
Sundry debtors36.1359.0961.8121676.4041.5432.59
Cash & bank balances36428835616614013660.46
Loans & advances889865704602565546582
Total current assets1,2901,2151,125986784726679
Total current liabilities11510715824599.5910365.69
Net working capital1,1751,108966741684622613
Total assets2,1051,6621,5061,1541,009933863
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash43.1979.42(8.02)32.847.3118.88(3.56)
Net cash from operating activities46.8015.3923024.7715.8722.9615.39
Net cash from investing activities(353)(61.07)(206)(31.20)41.18(11.18)21.71
Net cash from financing activities2849.4563.61(37.01)(31.52)(23.35)(14.66)
Net change in cash(21.90)(36.23)87.44(43.43)25.53(11.57)22.45
Closing cash36428835616614013660.46
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-27.7%-44.3%-11.2%+237.2%+97.8%+11.8%-
EBITDA growth-31.1%-42.6%+15.6%+124.0%+1525.5%+314.9%-
PBT growth-0.7%-25.4%+30.0%+59.1%+19.5%+24.0%-38.0%
Net income growth-4.0%-27.3%+30.0%+57.2%+14.4%+33.3%-
Revenue CAGR (3Y)-29.0%+18.6%+80.9%+95.4%+12.4%-14.7%-12.3%
EBITDA CAGR (3Y)-23.0%+14.1%+247.8%-+14.3%-40.3%-
Profitability & leverage
Net income margin+54.2%+39.7%+30.4%+20.8%+44.7%+77.3%+64.2%
Return on capital employed+10.9%+13.1%+20.8%+19.7%+13.6%+12.4%+10.7%
Return on net worth+8.2%+10.0%+16.4%+15.5%+10.9%+10.3%+8.3%
Debt / equity0.000.000.010.010.000.000.01
Long-term debt / equity0.000.000.000.000.000.000.00
Interest cover8.134.993.343.550.76-45.22-18.17
Efficiency & per share
Fixed asset turnover3.344.909.1611.223.461.731.54
Inventory turnover141.36122.40279.96341.67100.2542.7935.08
Debtors turnover6.006.535.115.464.013.232.27
EPS (β‚Ή)3.844.185.804.472.853.732.78
Dividend per share (β‚Ή)0.900.901.620.901.260.900.55
Book value per share (β‚Ή)52.0440.9436.3830.6027.0437.6034.78

Competitors of Man Infraconstruction

Man Infraconstruction has 2 listed competitors in our database. They include Godrej Properties and DLF India.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
godrejproperties.com1990Mumbai, India408
Residential and commercial properties are developed by Godrej Properties.
dlf.in1947Gurugram, India132
Provider of property and real estate development services
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Web traffic of Man Infraconstruction

The website of Man Infraconstruction (maninfra.com) receives about 3.9K visits a month.

  • Monthly visits
    3.9K

    ▲ 9.9% vs previous month

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Top companies in Real Estate Developers & Builders

3 companies that operate in the same segment as Man Infraconstruction (Real Estate Developers & Builders) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Developer of luxury residential properties
1992Mumbai, Maharashtra, IndiaUSD 158.42 MUSD 55.39 M1,046
Residential and commercial properties are developed by Godrej Properties.
1990Mumbai, Maharashtra, IndiaUSD 546.88 M6,030
Premium residential building development services are provided.
1980Mumbai, Maharashtra, IndiaUSD 152.4 MUSD 658.36 M1,480
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Frequently Asked Questions about Man Infraconstruction

Man Infraconstruction was founded in 1964.

Man Infraconstruction is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Parag Shah is the CEO of Man Infraconstruction, as recorded in our data.

Man Infraconstruction has 470 employees.

The primary company behind Man Infraconstruction, Man Infraconstruction Limited, reported revenue of β‚Ή809 Cr for FY 2026, down 43% year on year.

Man Infraconstruction was established in 1964 and is based in Mumbai, India. Development activities are centered on residential, commercial, and infrastructure projects within the real estate and construction sectors. Operations encompass project execution, from planning to completion, across various urban and regional sites in India. Leadership is provided by CEO Parag Shah, with a focus on infrastructure-related services and property development.

Man Infraconstruction's top competitors include Godrej Properties and DLF India.

Man Infraconstruction offers Port Infrastructure Services, Residential Construction, and Commercial Construction.

Yes, Man Infraconstruction is publicly traded on NSE under the ticker symbol MANINFRA.

Man Infraconstruction is associated with 5 legal entities: Man Infraconstruction Limited, Man Chandak Realty Llp, Man Realtors And Holdings Private Limited and others.

The legal entities of Man Infraconstruction currently have 14 directors, including Manan Parag Shah, Abhay Shyamsunder Chandak, Kavita Bhaskar Upadhyay and others.

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