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Last Updated on: 21 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo

Man Infraconstruction Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 2:13 am

Market Cap 8,682 Cr.
Current Price 233
High / Low 250/165
Stock P/E32.2
Book Value 42.5
Dividend Yield0.69 %
ROCE28.1 %
ROE22.8 %
Face Value 2.00
PEG Ratio0.56

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Man Infraconstruction Ltd

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
IITL Projects Ltd 26.4 Cr. 52.9 78.1/16.08.18 70.70.00 %%% 10.0
HB Estate Developers Ltd 198 Cr. 102 125/45.026.6 80.10.00 %7.00 %2.39 % 10.0
Hazoor Multi Projects Ltd 994 Cr. 49.9 63.9/28.411.8 19.50.60 %%% 1.00
Gyan Developers & Builders Ltd 9.11 Cr. 30.4 33.8/7.07 12.70.00 %4.02 %3.75 % 10.0
GG Dandekar Properties Ltd 57.2 Cr. 120 163/87.4 96.90.00 %1.27 %9.45 % 1.00
Industry Average16,164.50 Cr306.2147.59133.450.14%23.48%27.83%21.38

All Competitor Stocks of

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales152209153247297264352401457680510215242
Expenses12317084171252209285307328556401151139
Operating Profit294069774455679412912410964103
OPM %19%19%45%31%15%21%19%23%28%18%21%30%42%
Other Income68717612118141615162831
Interest15181717141415151514967
Depreciation2422332333223
Profit before tax1925572333950589012712211483123
Tax %34%22%21%26%-2%16%25%30%28%25%23%21%30%
Net Profit132045172404144639192876587
EPS in Rs0.340.420.883.000.941.011.051.442.282.202.221.882.24

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales4894473972752264526523712674279611,8901,862
Expenses4104093812451913434532712693317141,4761,436
Operating Profit7938172935109199101-297248414426
OPM %16%9%4%11%16%24%31%27%-1%23%26%22%23%
Other Income485145663351444632262025375
Interest7417214056545758625845
Depreciation2518121288877991111
Profit before tax956748753911217985-3455379397446
Tax %40%27%36%35%60%42%39%50%64%40%21%27%
Net Profit57493149156610943-1233299289334
EPS in Rs1.461.300.781.280.471.431.791.13-0.190.865.836.968.58
Dividend Payout %41%23%23%14%215%25%20%75%-191%70%22%13%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-14.04%-36.73%58.06%-69.39%340.00%65.15%-60.55%-127.91%375.00%806.06%-3.34%
Change in YoY Net Profit Growth (%)0.00%-22.70%94.80%-127.45%409.39%-274.85%-125.70%-67.36%502.91%431.06%-809.41%

Man Infraconstruction Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:12%
5 Years:28%
3 Years:44%
TTM:-40%
Compounded Profit Growth
10 Years:27%
5 Years:48%
3 Years:112%
TTM:-14%
Stock Price CAGR
10 Years:28%
5 Years:73%
3 Years:35%
1 Year:15%
Return on Equity
10 Years:13%
5 Years:18%
3 Years:25%
Last Year:23%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 3:12 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital50505050505050505074747474
Reserves5295495885526056396446206257851,0151,3891,506
Borrowings268215828330543745040550655720613118
Other Liabilities248202148139239226202224275300486560509
Total Liabilities8538839431,0241,1981,3511,3471,2981,4561,7161,7812,1542,108
Fixed Assets73584337403483815960615351
CWIP378125130130130132012000
Investments13112011516897242263150113277232
Other Assets7767176557428611,0901,1081,1951,3331,5041,6071,8241,824
Total Assets8538839431,0241,1981,3511,3471,2981,4561,7161,7812,1542,108

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +-3740-45-16994-169168878187448573
Cash from Investing Activity +34-1075063-598711983-8428-102-397
Cash from Financing Activity +-12776118-1744-129-13720-91-458-28
Net Cash Flow-1610111218-3963414123-111148

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow79.0012.00-65.00-129.00-248.00-196.00-238.00-349.00-407.00-409.00-309.00208.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days121131182199775413211289486442
Inventory Days88839151,3981,4895,3442,2111,545837186743
Days Payable16715825234024139625730119597181
Cash Conversion Cycle41568451991,1341,3025,0812,0661,334690153604
Working Capital Days283315440516229250460713515264132214
ROCE %12%7%8%7%15%21%12%2%10%33%32%29%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters66.48%66.72%66.79%66.87%67.03%67.12%67.12%67.12%67.15%67.19%67.31%67.31%
FIIs0.25%0.86%0.87%0.83%0.57%0.41%0.44%2.39%3.72%3.50%3.55%3.57%
DIIs1.48%1.63%1.63%1.63%1.62%1.62%1.62%1.67%2.10%2.09%2.10%2.09%
Public31.78%30.79%30.71%30.67%30.77%30.84%30.81%28.81%27.02%27.19%27.04%27.04%
No. of Shareholders48,40269,62270,07169,38970,88671,79070,94866,72574,56978,87487,45896,711

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Quant Small Cap Fund6,030,0001.06118.76,030,0002024-12-180%
Samco Active Momentum Fund1,560,6896.4430.726,030,0002024-12-18-74.12%
Motilal Oswal Nifty Microcap 250 Index Fund135,6040.472.676,030,0002024-12-18-97.75%
Groww Nifty Total Market Index Fund3400.020.016,030,0002024-12-18-99.99%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)8.096.965.831.29-0.29
Diluted EPS (Rs.)8.096.965.831.29-0.29
Cash EPS (Rs.)7.927.968.261.67-0.41
Book Value[Excl.RevalReserv]/Share (Rs.)40.8530.8525.0428.0227.83
Book Value[Incl.RevalReserv]/Share (Rs.)40.8530.8525.0428.0227.83
Revenue From Operations / Share (Rs.)34.0350.9225.9017.2610.79
PBDIT / Share (Rs.)11.4012.4412.094.910.98
PBIT / Share (Rs.)11.1312.1411.834.540.70
PBT / Share (Rs.)10.1810.5610.172.18-1.60
Net Profit / Share (Rs.)7.657.658.011.30-0.70
NP After MI And SOA / Share (Rs.)8.096.965.831.29-0.28
PBDIT Margin (%)33.4924.4346.6628.429.17
PBIT Margin (%)32.7023.8345.6926.286.52
PBT Margin (%)29.9220.7439.2612.61-14.78
Net Profit Margin (%)22.4915.0330.917.51-6.48
NP After MI And SOA Margin (%)23.7713.6722.507.49-2.66
Return on Networth / Equity (%)20.5223.7325.174.74-1.06
Return on Capital Employeed (%)25.7738.4133.3010.971.64
Return On Assets (%)13.9414.5112.602.19-0.54
Long Term Debt / Equity (X)0.040.010.430.470.54
Total Debt / Equity (X)0.080.180.640.680.59
Asset Turnover Ratio (%)0.640.510.180.100.09
Current Ratio (X)3.422.303.542.583.58
Quick Ratio (X)2.511.672.411.652.00
Inventory Turnover Ratio (X)1.011.980.250.230.21
Dividend Payout Ratio (NP) (%)20.0212.9214.4169.57-191.06
Dividend Payout Ratio (CP) (%)19.3712.3813.8154.09-26228.32
Earning Retention Ratio (%)79.9887.0885.5930.43291.06
Cash Earning Retention Ratio (%)80.6387.6286.1945.9126328.32
Interest Coverage Ratio (X)12.057.907.272.080.43
Interest Coverage Ratio (Post Tax) (X)9.095.865.811.550.69
Enterprise Value (Cr.)7220.212491.984135.551299.92688.61
EV / Net Operating Revenue (X)5.711.324.303.042.58
EV / EBITDA (X)17.065.409.2210.7128.11
MarketCap / Net Operating Revenue (X)6.001.344.022.421.55
Retention Ratios (%)79.9787.0785.5830.42291.06
Price / BV (X)5.182.324.501.530.61
Price / Net Operating Revenue (X)6.001.344.022.421.55
EarningsYield0.030.100.050.03-0.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Man Infraconstruction Ltd as of December 21, 2024 is: 314.17

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 21, 2024, Man Infraconstruction Ltd is Undervalued by 34.84% compared to the current share price 233.00

Intrinsic Value of Man Infraconstruction Ltd as of December 21, 2024 is: 495.61

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 21, 2024, Man Infraconstruction Ltd is Undervalued by 112.71% compared to the current share price 233.00

Last 5 Year EPS CAGR: 57.75%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 15.67%, which is a positive sign.
  2. The company has higher reserves (772.77 cr) compared to borrowings (274.15 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (382.00 cr) and profit (149.46 cr) over the years.
  1. The stock has a high average Working Capital Days of 360.92, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 216.50, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Man Infraconstruction Ltd:
    1. Net Profit Margin: 22.49%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 25.77% (Industry Average ROCE: 21.78%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 20.52% (Industry Average ROE: 22.99%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 9.09
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 2.51
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 32.2 (Industry average Stock P/E: 33.11)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.08
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Man Infraconstruction Ltd. is a Public Limited Listed company incorporated on 16/08/2002 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L70200MH2002PLC136849 and registration number is 136849. Currently Company is involved in the business activities of Construction of buildings carried out on own-account basis or on a fee or contract basis. Company’s Total Operating Revenue is Rs. 236.58 Cr. and Equity Capital is Rs. 74.25 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Construction, Contracting & Engineering12th Floor, Krushal Commercial Complex, Above Shoppers Stop, Mumbai Maharashtra 400089investors@maninfra.com
http://www.maninfra.com
Management
NamePosition Held
Mr. Parag ShahChairman Emeritus
Mr. Berjis DesaiChairman & Non-Exe.Director
Mr. Manan ShahManaging Director
Mr. Ashok M MehtaWholeTime Director & CFO
Ms. Kavita UpadhyayIndependent Director
Mr. Kshitija WadatkarIndependent Director

FAQ

What is the latest intrinsic value of Man Infraconstruction Ltd?

The latest intrinsic value of Man Infraconstruction Ltd as on 21 December 2024 is ₹314.17, which is 34.84% higher than the current market price of ₹233.00. The stock has a market capitalization of 8,682 Cr. and recorded a high/low of 250/165 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹1,506 Cr and total liabilities of ₹2,108 Cr.

What is the Market Cap of Man Infraconstruction Ltd?

The Market Cap of Man Infraconstruction Ltd is 8,682 Cr..

What is the current Stock Price of Man Infraconstruction Ltd as on 21 December 2024?

The current stock price of Man Infraconstruction Ltd as on 21 December 2024 is 233.

What is the High / Low of Man Infraconstruction Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Man Infraconstruction Ltd stocks is 250/165.

What is the Stock P/E of Man Infraconstruction Ltd?

The Stock P/E of Man Infraconstruction Ltd is 32.2.

What is the Book Value of Man Infraconstruction Ltd?

The Book Value of Man Infraconstruction Ltd is 42.5.

What is the Dividend Yield of Man Infraconstruction Ltd?

The Dividend Yield of Man Infraconstruction Ltd is 0.69 %.

What is the ROCE of Man Infraconstruction Ltd?

The ROCE of Man Infraconstruction Ltd is 28.1 %.

What is the ROE of Man Infraconstruction Ltd?

The ROE of Man Infraconstruction Ltd is 22.8 %.

What is the Face Value of Man Infraconstruction Ltd?

The Face Value of Man Infraconstruction Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Man Infraconstruction Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE