
About Man Infraconstruction Limited
Data last updated:
Man Infraconstruction Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 16 August 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L70200MH2002PLC136849. Its GSTIN is 27AADCM1611P1ZD (Maharashtra). The company holds 3 GST registrations, of which 1 is active. It is a listed company as per MCA records. Its shares are listed on BSE: 533169 and NSE: MANINFRA.
The company has an authorised share capital of ₹198.5 Cr and a paid-up capital of ₹80.73 Cr. It was formerly known as Man Construction Private Limited and Man Construction Limited. It is led by directors including Manan Parag Shah (Managing Director) and Ashok Manharlal Mehta (Whole-Time Director).
Its last annual general meeting (AGM) was held on 13 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 12th Floor Krushal Commercial Complex Above Shoppers Stop G.M Road Chembur, Mumbai, Maharashtra, India – 400089.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹630.46 Cr, a decline of 43.1% compared to the previous year. For the same year it recorded a net profit of ₹183.84 Cr (net margin 29.2%) and EBITDA of ₹128.93 Cr (EBITDA margin 20.5%). The net worth stands at ₹2,266.43 Cr (up 28.5% YoY). Total assets are valued at ₹2,393.03 Cr (up 26.3% YoY).
The company has about 273 employees on its provident fund (EPFO) records. Its group structure includes 5 subsidiaries.
The company is associated with 1 brand: Man Infraconstruction. As per MCA filings, the company has open charges of ₹474.5 Cr and satisfied charges of ₹501.85 Cr on record. Court records list 43 cases involving the company, including 20 filed by the company and 23 filed against it; 9 cases are pending. The company has 35 deals on record (23 market trades, 8 funding rounds, 3 secondary share transfers), with disclosed funding of ₹139.75 Cr; the latest was in January 2025.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website miclgroup.in.
Company details
Name history
Man Infraconstruction has undergone 2 name changes throughout its history. The company was previously known as Man Construction Private Limited, and Man Construction Limited. The current legal name is Man Infraconstruction Limited.
| Company Name | Status |
|---|---|
| Man Infraconstruction Limited | Current |
| Man Construction Private Limited | Previous |
| Man Construction Limited | Previous |
CIN history
Man Infraconstruction has one previous CIN (Corporate Identification Number): U70200MH2002PLC136849. The current CIN is L70200MH2002PLC136849, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L70200MH2002PLC136849 | Current |
| U70200MH2002PLC136849 | Previous |
Contact details
Man Infraconstruction Limited's registered office is in Mumbai, Maharashtra. Its website is miclgroup.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address12th Floor Krushal Commercial Complex Above Shoppers Stop G.M Road Chembur, Mumbai, Maharashtra, India – 400089
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Man Infraconstruction Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Man Infraconstruction operates one associated brand: Man Infraconstruction. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Residential, commercial, and infrastructure projects are developed in India. | maninfra.com |
Business activity
The main business activity of Man Infraconstruction is construction. In detail, this covers construction of buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | 41 | Construction of buildings |
To see the full business activity and turnover split of Man Infraconstruction Limited, buy the company report.
Financials of Man Infraconstruction Limited
FY 2025-26 filings availableMan Infraconstruction Limited reported revenue of ₹630.46 Cr (down 43.1% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 630 | 1,108 | 1,263 | 1,890 | 961 | 427 | 267 |
| Revenue growth | -43.1% | -12.3% | -33.2% | +96.6% | +125.1% | +60.0% | - |
| EBITDA | 129 | 301 | 326 | 414 | 248 | 96.62 | (2.35) |
| EBITDA margin | +20.5% | +27.1% | +25.8% | +21.9% | +25.7% | +22.6% | -0.9% |
| Profit before tax | 285 | 401 | 397 | 397 | 379 | 55.12 | (34.38) |
| Net profit | 184 | 282 | 291 | 257 | 215 | 30.66 | (7.02) |
| Net profit margin | +29.2% | +25.5% | +23.1% | +13.6% | +22.3% | +7.2% | -2.6% |
| EPS (₹) | 4.97 | 7.53 | 8.09 | 6.96 | 5.83 | 1.29 | (0.29) |
| Balance sheet | |||||||
| Total assets | 2,393 | 1,895 | 1,670 | 1,367 | 1,499 | 1,206 | 1,098 |
| Net worth | 2,266 | 1,763 | 1,463 | 1,089 | 860 | 688 | 682 |
| Total debt | 63.98 | 35.60 | 131 | 206 | 557 | 493 | 393 |
| Cash & bank | 435 | 423 | 549 | 298 | 360 | 213 | 141 |
| Net working capital | 1,756 | 1,518 | 1,288 | 980 | 1,055 | 815 | 663 |
| Cash flow | |||||||
| Cash from operations | (49.70) | 133 | 573 | 448 | 187 | 78.30 | 88.06 |
| Cash from investing | (323) | (115) | (397) | (102) | 27.60 | (84.21) | 82.88 |
| Cash from financing | 306 | (116) | (27.86) | (458) | (82.20) | 20.01 | (137) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 266 | 218 | 146 | 153 | 149 | 183 | 294 | 242 |
| Revenue growth (YoY) | +78.8% | +19.4% | -50.5% | -36.7% | -35.4% | -46.5% | - | - |
| Other income | 19.73 | 21.54 | 42.49 | 45.10 | 46.24 | 44.81 | 36.55 | 32.67 |
| EBITDA | 80.57 | 71.52 | 18.93 | 32.77 | 36.58 | 40.60 | 106 | 60.90 |
| EBITDA margin | +30.3% | +32.8% | +13.0% | +21.4% | +24.6% | +22.2% | +36.2% | +25.1% |
| Depreciation | 3.39 | 3.12 | 3.56 | 3.52 | 2.93 | 2.39 | 2.33 | 2.10 |
| Interest | 5.69 | 5.31 | 3.07 | 2.22 | 1.83 | 3.06 | 5.16 | 2.56 |
| Profit before tax | 91.22 | 84.63 | 54.79 | 72.13 | 78.06 | 79.96 | 136 | 88.91 |
| Tax | 25.99 | 21.88 | 13.76 | 20.50 | 18.05 | 21.63 | 38.39 | 4.88 |
| Net profit | 65.23 | 62.75 | 41.03 | 51.63 | 60.01 | 58.33 | 97.15 | 84.03 |
| EPS (₹) | 1.56 | 1.77 | 1.06 | 1.16 | 1.38 | 1.46 | 2.05 | 2.18 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 286 | 395 | 708 | 798 | 237 | 120 | 107 |
| Revenue growth | -27.7% | -44.3% | -11.2% | +237.2% | +97.8% | +11.8% | - |
| EBITDA | 62.54 | 90.77 | 158 | 137 | 61.12 | 3.76 | (1.75) |
| EBITDA margin | +21.9% | +23.0% | +22.3% | +17.2% | +25.8% | +3.1% | -1.6% |
| Profit before tax | 201 | 203 | 271 | 209 | 131 | 110 | 88.58 |
| Net profit | 150 | 156 | 214 | 165 | 105 | 91.72 | 68.79 |
| Net profit margin | +52.4% | +39.5% | +30.3% | +20.7% | +44.3% | +76.7% | +64.3% |
| EPS (₹) | 3.84 | 4.18 | 5.80 | 4.47 | 2.85 | 3.73 | 2.78 |
| Balance sheet | |||||||
| Total assets | 2,105 | 1,662 | 1,506 | 1,154 | 1,009 | 933 | 863 |
| Net worth | 2,101 | 1,656 | 1,486 | 1,136 | 1,004 | 931 | 861 |
| Total debt | 0.00 | 0.00 | 8.56 | 10.83 | 0.00 | 0.00 | 0.00 |
| Cash & bank | 364 | 288 | 356 | 166 | 140 | 136 | 60.46 |
| Net working capital | 1,175 | 1,108 | 966 | 741 | 684 | 622 | 613 |
| Cash flow | |||||||
| Cash from operations | 46.80 | 15.39 | 230 | 24.77 | 15.87 | 22.96 | 15.39 |
| Cash from investing | (353) | (61.07) | (206) | (31.20) | 41.18 | (11.18) | 21.71 |
| Cash from financing | 284 | 9.45 | 63.61 | (37.01) | (31.52) | (23.35) | (14.66) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 124 | 103 | 64.81 | 63.55 | 76.87 | 99.47 | 131 | 85.69 |
| Revenue growth (YoY) | +60.7% | +3.3% | -50.5% | -25.8% | +8.9% | -7.6% | - | - |
| Other income | 11.34 | 11.58 | 35.51 | 34.00 | 13.26 | 50.28 | 33.76 | 36.30 |
| Total expenses | 75.02 | 31.69 | 51.39 | 52.39 | 46.67 | 72.59 | 110 | 65.95 |
| EBITDA | 48.48 | 71.03 | 13.42 | 11.16 | 30.20 | 26.88 | 20.74 | 19.74 |
| EBITDA margin | +39.3% | +69.1% | +20.7% | +17.6% | +39.3% | +27.0% | +15.9% | +23.0% |
| Depreciation | 2.33 | 2.08 | 2.64 | 2.69 | 2.30 | 1.75 | 2.16 | 1.88 |
| Interest | 0.80 | 1.05 | 0.93 | 0.90 | 0.95 | 1.51 | 1.11 | 0.82 |
| Profit before tax | 56.69 | 79.48 | 45.36 | 41.57 | 40.21 | 73.90 | 51.23 | 53.34 |
| Tax | 14.64 | 19.91 | 12.01 | 11.16 | 10.08 | 12.95 | 12.07 | 10.31 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 266 | 218 | 146 | 153 | 149 | 183 | 294 | 242 |
| Revenue growth (YoY) | +78.8% | +19.4% | -50.5% | -36.7% | -35.4% | -46.5% | - | - |
| Other income | 19.73 | 21.54 | 42.49 | 45.10 | 46.24 | 44.81 | 36.55 | 32.67 |
| EBITDA | 80.57 | 71.52 | 18.93 | 32.77 | 36.58 | 40.60 | 106 | 60.90 |
| EBITDA margin | +30.3% | +32.8% | +13.0% | +21.4% | +24.6% | +22.2% | +36.2% | +25.1% |
| Depreciation | 3.39 | 3.12 | 3.56 | 3.52 | 2.93 | 2.39 | 2.33 | 2.10 |
| Interest | 5.69 | 5.31 | 3.07 | 2.22 | 1.83 | 3.06 | 5.16 | 2.56 |
| Profit before tax | 91.22 | 84.63 | 54.79 | 72.13 | 78.06 | 79.96 | 136 | 88.91 |
| Tax | 25.99 | 21.88 | 13.76 | 20.50 | 18.05 | 21.63 | 38.39 | 4.88 |
| Net profit | 65.23 | 62.75 | 41.03 | 51.63 | 60.01 | 58.33 | 97.15 | 84.03 |
| EPS (₹) | 1.56 | 1.77 | 1.06 | 1.16 | 1.38 | 1.46 | 2.05 | 2.18 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 630 | 1,108 | 1,263 | 1,890 | 961 | 427 | 267 |
| Revenue growth | -43.1% | -12.3% | -33.2% | +96.6% | +125.1% | +60.0% | - |
| Other income | 179 | 123 | 116 | 52.76 | 202 | 26.07 | 32.31 |
| Total expenses | 502 | 807 | 937 | 1,476 | 714 | 331 | 269 |
| Employee cost | 74.84 | 73.58 | 78.92 | 71.18 | 57.77 | 36.24 | 36.68 |
| EBITDA | 129 | 301 | 326 | 414 | 248 | 96.62 | (2.35) |
| EBITDA margin | +20.5% | +27.1% | +25.8% | +21.9% | +25.7% | +22.6% | -0.9% |
| Depreciation | 12.41 | 8.32 | 9.95 | 11.24 | 9.33 | 9.16 | 7.07 |
| Interest | 10.23 | 14.78 | 35.16 | 58.47 | 61.77 | 58.41 | 57.27 |
| Profit before tax | 285 | 401 | 397 | 397 | 379 | 55.12 | (34.38) |
| Tax | 73.92 | 87.85 | 93.87 | 108 | 80.37 | 21.77 | (22.16) |
| Net profit | 184 | 282 | 291 | 257 | 215 | 30.66 | (7.02) |
| Net profit margin | +29.2% | +25.5% | +23.1% | +13.6% | +22.3% | +7.2% | -2.6% |
| EPS (₹) | 4.97 | 7.53 | 8.09 | 6.96 | 5.83 | 1.29 | (0.29) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 80.73 | 75.06 | 74.25 | 74.25 | 74.25 | 62.74 | 61.32 |
| Reserves & surplus | 2,186 | 1,568 | 1,253 | 1,015 | 785 | 625 | 620 |
| Shareholders' funds (net worth) | 2,266 | 1,763 | 1,463 | 1,089 | 860 | 688 | 682 |
| Minority interest | 46.58 | 80.55 | 53.24 | 55.79 | 70.23 | 18.67 | 19.07 |
| Secured loans | 31.05 | 29.05 | 123 | 91.16 | 404 | 355 | 360 |
| Unsecured loans | 32.93 | 6.55 | 7.60 | 115 | 153 | 138 | 33.19 |
| Total debt | 63.98 | 35.60 | 131 | 206 | 557 | 493 | 393 |
| Total liabilities | 2,393 | 1,895 | 1,670 | 1,367 | 1,499 | 1,206 | 1,098 |
| Assets | |||||||
| Gross block | 106 | 92.29 | 98.06 | 104 | 99.52 | 95.11 | 112 |
| Net block | 61.02 | 48.71 | 53.01 | 60.60 | 60.43 | 59.17 | 80.87 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 1.99 | 0.94 | 0.01 |
| Investments | 530 | 272 | 277 | 113 | 150 | 63.39 | 22.23 |
| Inventories | 738 | 530 | 505 | 380 | 449 | 403 | 380 |
| Sundry debtors | 71.40 | 87.05 | 144 | 333 | 125 | 104 | 81.85 |
| Cash & bank balances | 435 | 423 | 549 | 298 | 360 | 213 | 141 |
| Loans & advances | 892 | 759 | 575 | 384 | 338 | 346 | 260 |
| Total current assets | 2,136 | 1,800 | 1,772 | 1,394 | 1,272 | 1,066 | 863 |
| Total current liabilities | 380 | 282 | 484 | 414 | 218 | 250 | 200 |
| Net working capital | 1,756 | 1,518 | 1,288 | 980 | 1,055 | 815 | 663 |
| Total assets | 2,393 | 1,895 | 1,670 | 1,367 | 1,499 | 1,206 | 1,098 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 139 | 237 | 89.14 | 201 | 77.43 | 63.34 | 29.45 |
| Net cash from operating activities | (49.70) | 133 | 573 | 448 | 187 | 78.30 | 88.06 |
| Net cash from investing activities | (323) | (115) | (397) | (102) | 27.60 | (84.21) | 82.88 |
| Net cash from financing activities | 306 | (116) | (27.86) | (458) | (82.20) | 20.01 | (137) |
| Net change in cash | (66.69) | (97.79) | 148 | (111) | 132 | 14.10 | 33.88 |
| Closing cash | 435 | 423 | 549 | 298 | 360 | 213 | 141 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 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 / equity | 0.02 | 0.05 | 0.13 | 0.39 | 0.68 | 0.65 | 0.60 |
| Long-term debt / equity | 0.01 | 0.02 | 0.03 | 0.20 | 0.47 | 0.52 | 0.55 |
| Interest cover | 8.78 | 5.06 | 11.11 | 14.52 | 25.93 | 66.78 | -607.96 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 6.37 | 11.64 | 12.50 | 18.57 | 9.88 | 4.12 | 2.42 |
| Inventory turnover | 0.99 | 2.14 | 2.86 | 4.56 | 2.26 | 1.09 | 0.70 |
| Debtors turnover | 7.96 | 9.58 | 5.30 | 8.25 | 8.36 | 4.59 | 2.47 |
| EPS (₹) | 4.97 | 7.53 | 8.09 | 6.96 | 5.83 | 1.29 | (0.29) |
| Dividend per share (₹) | 0.90 | 0.90 | 1.62 | 0.90 | 1.26 | 0.90 | 0.55 |
| Book value per share (₹) | 56.15 | 43.79 | 35.76 | 29.34 | 23.15 | 27.27 | 27.06 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 124 | 103 | 64.81 | 63.55 | 76.87 | 99.47 | 131 | 85.69 |
| Revenue growth (YoY) | +60.7% | +3.3% | -50.5% | -25.8% | +8.9% | -7.6% | - | - |
| Other income | 11.34 | 11.58 | 35.51 | 34.00 | 13.26 | 50.28 | 33.76 | 36.30 |
| Total expenses | 75.02 | 31.69 | 51.39 | 52.39 | 46.67 | 72.59 | 110 | 65.95 |
| EBITDA | 48.48 | 71.03 | 13.42 | 11.16 | 30.20 | 26.88 | 20.74 | 19.74 |
| EBITDA margin | +39.3% | +69.1% | +20.7% | +17.6% | +39.3% | +27.0% | +15.9% | +23.0% |
| Depreciation | 2.33 | 2.08 | 2.64 | 2.69 | 2.30 | 1.75 | 2.16 | 1.88 |
| Interest | 0.80 | 1.05 | 0.93 | 0.90 | 0.95 | 1.51 | 1.11 | 0.82 |
| Profit before tax | 56.69 | 79.48 | 45.36 | 41.57 | 40.21 | 73.90 | 51.23 | 53.34 |
| Tax | 14.64 | 19.91 | 12.01 | 11.16 | 10.08 | 12.95 | 12.07 | 10.31 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 286 | 395 | 708 | 798 | 237 | 120 | 107 |
| Revenue growth | -27.7% | -44.3% | -11.2% | +237.2% | +97.8% | +11.8% | - |
| Other income | 152 | 123 | 125 | 83.18 | 75.32 | 114 | 96.32 |
| Total expenses | 223 | 304 | 550 | 661 | 175 | 116 | 109 |
| Employee cost | 34.01 | 36.29 | 37.69 | 32.39 | 27.97 | 19.63 | 24.67 |
| EBITDA | 62.54 | 90.77 | 158 | 137 | 61.12 | 3.76 | (1.75) |
| EBITDA margin | +21.9% | +23.0% | +22.3% | +17.2% | +25.8% | +3.1% | -1.6% |
| Depreciation | 9.38 | 7.46 | 6.97 | 6.73 | 4.81 | 6.48 | 4.80 |
| Interest | 4.32 | 4.16 | 5.05 | 4.62 | 0.43 | 1.23 | 1.19 |
| Profit before tax | 201 | 203 | 271 | 209 | 131 | 110 | 88.58 |
| Tax | 46.20 | 45.71 | 56.10 | 42.76 | 25.57 | 17.39 | 19.86 |
| Net profit | 150 | 156 | 214 | 165 | 105 | 91.72 | 68.79 |
| Net profit margin | +52.4% | +39.5% | +30.3% | +20.7% | +44.3% | +76.7% | +64.3% |
| EPS (₹) | 3.84 | 4.18 | 5.80 | 4.47 | 2.85 | 3.73 | 2.78 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 80.73 | 75.06 | 74.25 | 74.25 | 74.25 | 49.50 | 49.50 |
| Reserves & surplus | 2,020 | 1,461 | 1,276 | 1,062 | 930 | 881 | 811 |
| Shareholders' funds (net worth) | 2,101 | 1,656 | 1,486 | 1,136 | 1,004 | 931 | 861 |
| Secured loans | 0.00 | 0.00 | 8.56 | 10.83 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total debt | 0.00 | 0.00 | 8.56 | 10.83 | 0.00 | 0.00 | 0.00 |
| Total liabilities | 2,105 | 1,662 | 1,506 | 1,154 | 1,009 | 933 | 863 |
| Assets | |||||||
| Gross block | 89.77 | 81.09 | 80.16 | 74.57 | 67.64 | 68.98 | 69.36 |
| Net block | 49.43 | 44.96 | 45.92 | 43.53 | 40.66 | 43.74 | 48.28 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 1.99 | 0.94 | 0.01 |
| Investments | 866 | 477 | 473 | 293 | 152 | 136 | 90.42 |
| Inventories | 1.01 | 3.03 | 3.42 | 1.64 | 3.03 | 1.69 | 3.90 |
| Sundry debtors | 36.13 | 59.09 | 61.81 | 216 | 76.40 | 41.54 | 32.59 |
| Cash & bank balances | 364 | 288 | 356 | 166 | 140 | 136 | 60.46 |
| Loans & advances | 889 | 865 | 704 | 602 | 565 | 546 | 582 |
| Total current assets | 1,290 | 1,215 | 1,125 | 986 | 784 | 726 | 679 |
| Total current liabilities | 115 | 107 | 158 | 245 | 99.59 | 103 | 65.69 |
| Net working capital | 1,175 | 1,108 | 966 | 741 | 684 | 622 | 613 |
| Total assets | 2,105 | 1,662 | 1,506 | 1,154 | 1,009 | 933 | 863 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 43.19 | 79.42 | (8.02) | 32.84 | 7.31 | 18.88 | (3.56) |
| Net cash from operating activities | 46.80 | 15.39 | 230 | 24.77 | 15.87 | 22.96 | 15.39 |
| Net cash from investing activities | (353) | (61.07) | (206) | (31.20) | 41.18 | (11.18) | 21.71 |
| Net cash from financing activities | 284 | 9.45 | 63.61 | (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 cash | 364 | 288 | 356 | 166 | 140 | 136 | 60.46 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 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 / equity | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 8.13 | 4.99 | 3.34 | 3.55 | 0.76 | -45.22 | -18.17 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 3.34 | 4.90 | 9.16 | 11.22 | 3.46 | 1.73 | 1.54 |
| Inventory turnover | 141.36 | 122.40 | 279.96 | 341.67 | 100.25 | 42.79 | 35.08 |
| Debtors turnover | 6.00 | 6.53 | 5.11 | 5.46 | 4.01 | 3.23 | 2.27 |
| EPS (₹) | 3.84 | 4.18 | 5.80 | 4.47 | 2.85 | 3.73 | 2.78 |
| Dividend per share (₹) | 0.90 | 0.90 | 1.62 | 0.90 | 1.26 | 0.90 | 0.55 |
| Book value per share (₹) | 52.04 | 40.94 | 36.38 | 30.60 | 27.04 | 37.60 | 34.78 |
To see the full year-wise statements and ratios of Man Infraconstruction Limited, buy the company report.
Board of directors and KMP of Man Infraconstruction Limited
Man Infraconstruction Limited currently reports 6 directors and 1 key managerial person. 16 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manan Parag Shah Also directs: Man Aaradhya Infraconstruction LLP, Man Realtors and Holdings Private Limited, Micl Realtors Private Limited and 5 more | Managing Director | 29 May 2014 | 12 Years 5 Months | Current |
| Ashok Manharlal Mehta | Whole-Time Director | 11 Sep 2019 | 7 Years 1 Months | Current |
| Parag Kishorchandra Shah | Director | 01 Apr 2012 | 14 Years 7 Months | Current |
| Kavita Bhaskar Upadhyay | Director | 13 Feb 2019 | 7 Years 8 Months | Current |
| Berjis Minoo Desai Also directs: Berjis Desai Capital Advisor LLP, Jupiter Metaverse LLP, Berjis Desai Iconic Brands LLP and 5 more | Director | 28 May 2012 | 14 Years 5 Months | Current |
| Durgesh Suhas Dingankar | Company Secretary | 03 Dec 2007 | 18 Years 11 Months | Current |
Auditor
Man Infraconstruction Limited is audited by G. M. Kapadia & Co. for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G. M. Kapadia & Co. | FY 2025 | 104767W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 62.50%, foreign institutional investors hold 1.90%, domestic institutional investors hold 1.10% and retail and other public shareholders hold 34.50%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 62.50% | 62.50% | 62.40% | 62.30% |
| Public | 37.50% | 37.50% | 37.60% | 37.70% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Jul 2007 | 10060023 | Others | ₹474.5 Cr | Open | |
| 04 Sep 2017 | 100124808 | Others | ₹194 Cr | Satisfied | |
| 04 Sep 2017 | 100124863 | Others | ₹80 Cr | Satisfied | |
| 06 Jan 2016 | 10616991 | Edelweiss Housing Finance Limited | ₹44 Cr | Satisfied | |
| 05 Oct 2015 | 10599789 | Ecl Finance Limited | ₹130 Cr | Satisfied |
To see the full charge records of Man Infraconstruction Limited, buy the company report.
Total charge records: 17 View all charges
Deals & funding
Man Infraconstruction Limited has 35 deals on record (23 market trades, 8 funding rounds, 3 secondary share transfers), with disclosed funding of ₹139.75 Cr; the latest was in January 2025.
Deals on record (5 of 35)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2024 | Market trade | ₹90.16 Cr | Buyer: Graviton Research Capital LLP , SW Capital Private Limited Seller: Graviton Research Capital LLP , SW Capital Private Limited |
| Nov 2023 | Market trade | ₹50.75 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Jul 2017 | Market trade | ₹12.08 Cr | Buyer: Manan Finserve Private Limited Seller: an individual |
| Mar 2017 | Market trade | ₹11.9 Cr | Buyer: Rcasl Corporate Advisory Services Limited Seller: Reliance Capital Ltd |
| Oct 2016 | Market trade | ₹37.15 Cr | Buyer: Janus Consolidated Finance Private Limited Seller: Sa 1 Holding Infrastructure Company Private Limited |
To see the full deal history of Man Infraconstruction Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Man Infraconstruction Limited has 43 court cases on record: 20 filed by Man Infraconstruction, 23 filed against it. 9 cases are pending and 34 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 26 | 7 | 4 |
| District courts | 16 | 16 | 4 |
| Supreme Court | 1 | 0 | 1 |
Cases on record (5 of 43)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Indian Port Rail and Ropeway Corporation Limited | Pending |
| Bombay High Court | Court case (CARBP) | Filed against the company by Indian Port Rail and Ropeway Corporation Limited | Pending |
| Bombay High Court | Writ petition | Filed by the company against D B Man Realty Limited and 4 others | Pending |
| High Court | Commercial suit | Filed against the company by Samir Impex Private Limited and 6 others | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Samir Impex Private Limited | Disposed |
To see the full case history of Man Infraconstruction Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Man Infraconstruction Limited was last rated by Care on 18 Aug 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 18 Aug 2021 |
To see the full credit ratings and regulatory alerts of Man Infraconstruction Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Man Infraconstruction Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Man Infraconstruction has 5 subsidiary companies and 2 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Man Projects Limited | U45200MH2007PLC172365 | |
| Man Realtors and Holdings Private Limited | U45201MH1992PTC067019 | |
| Manaj Infraconstruction Limited | U45202MH2009PLC191175 | |
| Manaj Tollway Private Limited | U70100MH2011PTC224075 | |
| Micl Realtors Private Limited | U70102MH2010PTC207043 |
To see the full group structure of Man Infraconstruction Limited, buy the company report.
Employees & EPFO
Man Infraconstruction Limited has a workforce of 273 employees on its EPFO records as of Apr 09, 2024, across 2 active EPFO establishments.
GST
Man Infraconstruction has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCM1611P1ZD | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Man Infraconstruction Limited, buy the company report.
Recent activity
Man Infraconstruction Limited has 39 board changes on record since 2003: 23 appointments and 16 cessations. The latest: Sudhir Hansraj Kapadia ceased to be Additional Director on 19 Sep 2024.
65 earlier events are in the company report.
News
Frequently asked questions
Man Infraconstruction is an active public limited company based in Mumbai, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 16 August 2002 (24+ years old) and is registered under CIN L70200MH2002PLC136849. Listed on BSE: 533169 and NSE: MANINFRA.
Man Infraconstruction reported revenue of ₹630.46 Cr for FY 2025-26 (down 43.1% YoY) based on consolidated financials.
Man Infraconstruction has 7 current directors and KMP:
- Manan Parag Shah - Managing Director
- Ashok Manharlal Mehta - Whole-Time Director
- Parag Kishorchandra Shah - Director
- Kavita Bhaskar Upadhyay - Director
- Berjis Minoo Desai - Director
- Kshitija Gunwantrao Wadatkar - Director
- Durgesh Suhas Dingankar - Company Secretary
The latest financial statements of Man Infraconstruction on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 13 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Man Infraconstruction is 27AADCM1611P1ZD, registered in Maharashtra. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Man Infraconstruction is L70200MH2002PLC136849. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Man Infraconstruction is a listed company as per MCA records. Its shares are listed on both BSE (code: 533169) and NSE (symbol: MANINFRA).
Man Infraconstruction has 43 court cases on record: 20 filed by the company and 23 filed against it. 9 are pending. Most are in the high courts.
Man Infraconstruction was incorporated on 16 August 2002, making it 24+ years old. It is registered with the Registrar of Companies, Mumbai.
Man Infraconstruction has 35 deals on record (23 market trades, 8 funding rounds, 3 secondary share transfers), with disclosed funding of ₹139.75 Cr; the latest was in January 2025.

