| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 266 | 149 | +78.8% |
| EBITDA | 80.6 | 36.6 | +120.3% |
| EBITDA margin | 30.3% | 24.6% | +5.7 pts |
| Profit before tax | 88.1 | 70.3 | +25.3% |
| Net profit | 65.2 | 60.0 | +8.7% |
| EPS | ₹1.56 | ₹1.38 | +13.0% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 4,526 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 447 | 293 | 269 | 359 | 118 | ||
| 130 | 46.6 | 80.6 | 53.2 | 55.8 | ||
| 57.9 | 57.9 | 35.6 | 131 | 206 | ||
| 4,266 | — | — | — | — | ||
| 783 | 630 | 1,108 | 1,263 | 1,890 | ||
| — | −43.1% | −12.3% | −33.2% | — | ||
| 204 | 129 | 324 | 326 | 414 | ||
| 26.0% | 20.4% | 29.3% | 25.8% | 21.9% | ||
| 190 | 116 | 316 | 316 | 403 | ||
| 221 | 211 | 313 | 303 | 289 | ||
| 28.2% | 33.5% | 28.2% | 24.0% | 15.3% | ||
| ₹5.40 | ₹5.23 | ₹7.75 | ₹7.51 | ₹7.16 | ||
| — | −32.5% | +3.2% | +4.9% | — | ||
| — | −49.7 | 133 | 573 | 448 | ||
| — | −24.7 | −9.2 | −14.2 | −14.6 | ||
| −74.4 | −74.4 | 124 | 558 | 433 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 4,525.5 | |
| - Cash, Equiv & ST Investments | 117.5 | 359.5 | 269.0 | 293.1 | 447.2 | |
| + Minority Interest | 55.8 | 53.2 | 80.6 | 46.6 | 130.1 | |
| + Total Debt | 205.9 | 130.8 | 35.6 | 57.9 | 57.9 | |
| Enterprise Value | — | — | — | — | 4,266.3 | |
| Revenue | 1,890.3 | 1,263.5 | 1,108.1 | 630.5 | 783.1 | |
| Growth %, YoY | — | -33.2 | -12.3 | -43.1 | — | |
| EBITDA | 413.9 | 326.4 | 324.2 | 128.9 | 203.8 | |
| Margin % | 21.90 | 25.83 | 29.26 | 20.44 | 26.02 | |
| EBIT | 402.7 | 316.4 | 315.9 | 116.5 | 190.2 | |
| Net Income | 289.0 | 303.3 | 312.8 | 211.0 | 220.6 | |
| Margin % | 15.29 | 24.01 | 28.23 | 33.47 | 28.17 | |
| EPS, Adj (current shares) | 7.16 | 7.51 | 7.75 | 5.23 | 5.40 | |
| Growth %, YoY | — | +4.9 | +3.2 | -32.5 | — | |
| Cash from Operations | 448.0 | 572.6 | 133.0 | -49.7 | — | |
| Capital Expenditures | -14.6 | -14.2 | -9.2 | -24.7 | — | |
| Free Cash Flow | 433.5 | 558.4 | 123.8 | -74.4 | -74.4 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Man Infraconstruction (NSE: MANINFRA) had a market capitalisation of ₹4,467 crore at the 29 October 2026 close (₹110.66 a share), a PE ratio of 20.5 on the last four quarters' profit and a price-to-book ratio of 1.96. In FY26 its consolidated net profit attributable to shareholders was ₹211 crore on revenue of ₹630 crore; in Q2 FY27 (July–September 2026) it was ₹62.8 crore, up 4.6% year on year. Its debt-to-equity ratio was 0.02 on 30 September 2026. Promoters held 62.52% of the shares on 30 September 2026.
Man Infraconstruction's PE ratio is 20.5 at the 29 October 2026 close (₹110.66 a share): a market capitalisation of ₹4,467 crore divided by consolidated net profit attributable to shareholders of ₹218 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit attributable to shareholders (₹211 crore) it is 21.2.
Man Infraconstruction's price-to-book (PB) ratio is 1.96 at the 29 October 2026 close: a market capitalisation of ₹4,467 crore divided by shareholders' equity (book value) of ₹2,285 crore on 30 September 2026. That is a book value of ₹56.59 per share against a share price of ₹110.66.
Man Infraconstruction's net worth — shareholders' equity in its consolidated balance sheet — was ₹2,285 crore on 30 September 2026, up 4.5% from ₹2,186 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹4,467 crore at the 29 October 2026 close.
Man Infraconstruction's market capitalisation was ₹4,467 crore at the 29 October 2026 close: 40.37 crore shares at ₹110.66 each.
Man Infraconstruction's basic earnings per share (EPS) were ₹5.07 in FY26, against ₹7.59 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹5.55.
In 2026, Man Infraconstruction has declared one dividend: ₹0.72 (interim) with record date 19 May 2026.
No. Man Infraconstruction had borrowings of ₹48 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.02. Its cash and current investments were ₹646 crore, so it held net cash of ₹598 crore.
Man Infraconstruction's debt-to-equity ratio was 0.02 on 30 September 2026: borrowings of ₹48 crore against total equity of ₹2,415 crore. A year earlier, on 30 September 2025, it was 0.01.
Promoters held 62.52% of Man Infraconstruction on 30 September 2026, unchanged from the previous quarter and up 0.22 percentage points from 62.30% a year earlier, according to the shareholding pattern filed with NSE.
In FY26, Man Infraconstruction's return on equity (ROE) was 10.5% and its return on capital employed (ROCE) was 5.5%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 19.4% and ROCE 18.2%.
Man Infraconstruction's dividend yield is 1.06% at the 29 October 2026 close: dividends of ₹1.17 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹110.66. They were ₹0.72 on 19 May 2026 (interim) and ₹0.45 on 18 November 2025 (interim).
On 30 September 2026, Man Infraconstruction's shares were held by promoters 62.52%, foreign portfolio investors (FII/FPI) 1.79%, domestic institutions (DII) 0.04% (including mutual funds at 0.00%) and retail and other non-institutional investors 35.65%. Over the year, FII holding was down 3.42 percentage points from 5.21% and DII holding was down 1.99 percentage points from 2.03%.
Man Infraconstruction's book value per share was ₹56.59 on 30 September 2026: shareholders' equity of ₹2,285 crore divided by the 40.37 crore shares in issue, up 4.5% from ₹54.16 a year earlier. The share price at the 29 October 2026 close was ₹110.66.
In FY26, Man Infraconstruction generated ₹49.7 crore of cash from operations and spent ₹24.7 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹74.4 crore. In FY25 it was ₹124 crore.
Man Infraconstruction's latest results are for Q2 FY27 (July–September 2026), filed on 29 October 2026: consolidated net profit attributable to shareholders ₹62.8 crore, up 4.6% from ₹60 crore in Q2 FY26; revenue from operations ₹266 crore, up 78.8% year on year.
In FY26 (April 2025–March 2026), Man Infraconstruction's consolidated net profit attributable to shareholders was ₹211 crore, down 32.5% from ₹313 crore in FY25, on revenue from operations of ₹630 crore (down 43.1%). Over three years, from FY23, net profit was down 27.0%.
Man Infraconstruction has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
On FY26 consolidated figures, against Keystone Realtors, Kalpataru and Kolte - Patil Developers: Man Infraconstruction's operating margin of 18.5% is the highest of the four (Keystone Realtors 4.0%, Kalpataru 2.2%, Kolte - Patil Developers −10.5%; peer average −1.4%); its return on equity of 10.5% is the highest of the four (Keystone Realtors 3.4%, Kalpataru 2.8%, Kolte - Patil Developers −3.8%; peer average 0.8%).
In FY26, Man Infraconstruction earned net profit attributable to shareholders of ₹211 crore on revenue of ₹630 crore, against ₹95 crore on ₹2,635 crore for Keystone Realtors. Man Infraconstruction's operating margin was 18.5% (Keystone Realtors 4.0%) and its return on equity 10.5% (Keystone Realtors 3.4%). At the 29 October 2026 close, Man Infraconstruction's market capitalisation was ₹4,467 crore against ₹4,223 crore for Keystone Realtors, and its PE ratio on FY26 profit 21.2 against 44.5.
From Man Infraconstruction's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.