Fundamental Analysis of Manav Infra Projects Ltd

About the Company - Manav Infra Projects Ltd

Manav Infra Projects Ltd. is a Public Limited Listed company incorporated on 08/06/2009 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L45200MH2009PLC193084 and registration number is 193084. Currently company belongs to the Industry of Construction & Contracting. Company’s Total Operating Revenue is Rs. 5.39 Cr. and Equity Capital is Rs. 6.84 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Construction, Contracting & Engineering	226, Gundecha Industrial-Complex, Mumbai Maharashtra 400101	mip@manavinfra.com http://www.manavinfra.com

Management
Name	Position Held
Mr. Mahendra Narayan Raju	Chairman & Managing Director
Mr. Dinesh Shivnath Yadav	Executive Director
Ms. Mahalakshmi Mahendra Raju	Non Executive Director
Mr. Mohan Madhav Pai	Independent Director
Mr. Atul Bhagavatishanker Purohit	Independent Director

Basic Stock Data of Manav Infra Projects Ltd

Last Updated: July 26, 2024, 11:34 am

Market Cap	13.9 Cr.
Current Price	20.3
High / Low	23.5/12.5
Stock P/E	12.0
Book Value	3.03
Dividend Yield	0.00 %
ROCE	41.9 %
ROE	%
Face Value	10.0
PEG Ratio	0.18

Data Source: screener.in

Competitors of Manav Infra Projects Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
East Buildtech Ltd	5.91 Cr.	31.5	31.5/23.0		34.2	0.00 %	0.99 %	0.00 %	10.0
Dugar Housing Developments Ltd	0.37 Cr.	12.3	12.3/6.30		30.0	0.00 %	%	%	10.0
Diamant Infrastructure Ltd	4.47 Cr.	1.27	1.28/0.58		3.10	0.00 %	0.27 %	1.19 %	2.00
Darjeeling Ropeway Company Ltd	2.35 Cr.	7.70	8.10/3.10		16.5	0.00 %	0.56 %	0.81 %	10.0
Croissance Ltd	27.5 Cr.	4.01	7.45/3.28	393	0.11	0.00 %	1.11 %	0.90 %	1.00
Industry Average	25,719.40 Cr	309.83		42.17	158.23	0.14%	15.51%	17.71%	30.76

Manav Infra Projects Ltd Quarterly Results

Month	Sep 2019	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023
Sales	4.41	4.23	2.48	2.57	2.19	3.20	4.40	8.57	5.52
Expenses	4.62	6.93	4.11	4.80	4.33	4.83	4.53	4.83	4.53
Operating Profit	-0.21	-2.70	-1.63	-2.23	-2.14	-1.63	-0.13	3.74	0.99
OPM %	-4.76%	-63.83%	-65.73%	-86.77%	-97.72%	-50.94%	-2.95%	43.64%	17.93%
Other Income	0.03	0.29	0.00	0.01	0.01	-0.01	0.00	0.12	0.00
Interest	0.73	0.68	0.70	0.63	0.46	0.77	0.71	0.75	0.63
Depreciation	1.07	1.08	0.81	0.78	0.54	0.53	0.37	0.71	0.24
Profit before tax	-1.98	-4.17	-3.14	-3.63	-3.13	-2.94	-1.21	2.40	0.12
Tax %	0.00%	5.76%	0.00%	0.00%	0.00%	3.06%	0.00%	24.17%	25.00%
Net Profit	-1.97	-3.93	-3.13	-3.63	-3.13	-2.85	-1.20	1.82	0.09
EPS in Rs	-2.88	-5.75	-4.58	-5.31	-4.58	-4.17	-1.76	2.66	0.13

Last Updated: July 11, 2024, 8:18 am

Manav Infra Projects Ltd Quarterly Chart

Manav Infra Projects Ltd Profit & Loss

Last Updated: July 10, 2024, 7:32 pm

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	14.65	12.00	11.97	14.84	16.44	18.08	20.87	15.53	8.62	5.05	5.39	11.95	14.09
Expenses	13.50	8.79	9.03	14.39	14.50	15.89	17.64	11.99	11.34	7.93	7.23	9.13	9.36
Operating Profit	1.15	3.21	2.94	0.45	1.94	2.19	3.23	3.54	-2.72	-2.88	-1.84	2.82	4.73
OPM %	7.85%	26.75%	24.56%	3.03%	11.80%	12.11%	15.48%	22.79%	-31.55%	-57.03%	-34.14%	23.60%	33.57%
Other Income	-0.00	0.11	-0.00	1.39	-0.03	0.22	0.26	0.02	0.14	-0.95	-0.07	0.10	0.12
Interest	-0.00	1.19	1.48	0.65	0.89	1.05	1.20	1.38	1.41	1.34	1.24	1.46	1.38
Depreciation	-0.00	1.52	1.06	0.82	0.60	0.57	1.03	1.80	2.15	1.59	1.07	0.71	0.95
Profit before tax	1.15	0.61	0.40	0.37	0.42	0.79	1.26	0.38	-6.14	-6.76	-4.22	0.75	2.52
Tax %	32.17%	36.07%	50.00%	100.00%	-45.24%	-30.38%	-0.79%	-15.79%	3.91%	2.51%	2.13%	21.33%
Net Profit	0.78	0.39	0.21	-0.00	0.61	1.03	1.27	0.44	-5.90	-6.59	-4.13	0.60	1.91
EPS in Rs	3.90	1.95	1.05	-0.00	3.05	5.15	1.86	0.64	-8.63	-9.64	-6.04	0.88	2.79
Dividend Payout %	-0.00%	-0.00%	-0.00%		-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%

Manav Infra Projects Ltd Profit & Loss Yearly Chart

Manav Infra Projects Ltd Growth

Compounded Sales Growth
10 Years:	2%
5 Years:	-2%
3 Years:	42%
TTM:	20%

Compounded Profit Growth
10 Years:	19%
5 Years:	21%
3 Years:	30%
TTM:	119%

Stock Price CAGR
10 Years:	%
5 Years:	30%
3 Years:	40%
1 Year:	5%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

Last Updated: July 20, 2024, 6:31 am

Manav Infra Projects Ltd Balance Sheet

Last Updated: July 10, 2024, 7:32 pm

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	2.00	2.00	2.00	2.00	2.00	2.00	6.84	6.84	6.84	6.84	6.84	6.84	6.84
Reserves	1.67	2.04	2.24	2.25	2.82	3.85	5.79	6.22	0.06	-6.53	-10.66	-10.06	-9.97
Borrowings	6.48	7.80	7.34	2.58	3.31	3.63	6.62	11.26	11.59	11.36	11.97	9.83	9.48
Other Liabilities	4.29	3.41	3.52	4.27	5.70	3.55	2.97	3.13	2.70	2.52	2.07	2.98	2.22
Total Liabilities	14.44	15.25	15.10	11.10	13.83	13.03	22.22	27.45	21.19	14.19	10.22	9.59	8.57
Fixed Assets	5.11	3.54	2.48	1.87	1.37	2.30	3.74	7.01	5.55	3.79	2.48	1.67	1.37
CWIP	0.00	2.17	2.31	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.07	0.06	0.06	0.06	0.06	0.06	0.00	0.00
Other Assets	9.33	9.54	10.31	9.23	12.46	10.66	18.42	20.38	15.58	10.34	7.68	7.92	7.20
Total Assets	14.44	15.25	15.10	11.10	13.83	13.03	22.22	27.45	21.19	14.19	10.22	9.59	8.57

Manav Infra Projects Ltd Reserves and Borrowings Chart

Manav Infra Projects Ltd Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity	2.29	3.74	2.92	0.23	-0.49	-3.43	3.90	1.75	1.03	1.12	3.37	2.74
Cash from Investing Activity	-2.12	-0.13	3.48	-0.13	-1.96	-2.96	-5.87	-0.68	1.61	0.59	0.06	-1.00
Cash from Financing Activity	1.22	-1.97	-5.79	0.34	-1.47	6.12	1.95	-1.11	-2.37	-1.93	-3.47	0.33
Net Cash Flow	1.38	1.63	0.61	0.45	-3.92	-0.26	-0.02	-0.04	0.27	-0.22	-0.04	2.08

Manav Infra Projects Ltd Financial Efficiency Indicators

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	172.91	201.97	78.98	71.82	116.78	107.40	159.85	253.36	269.30	256.58	242.43	104.15
Inventory Days				0.00	0.00	155.61	242.15		641.34	385.76	0.00	0.00
Days Payable						254.20	106.83		252.69	256.02
Cash Conversion Cycle	172.91	201.97	78.98	71.82	116.78	8.82	295.17	253.36	657.95	386.32	242.43	104.15
Working Capital Days	85.96	128.36	128.38	8.85	38.63	108.61	239.60	342.44	416.66	346.93	201.80	61.70
ROCE %	12.34%	16.28%	16.05%	-3.91%	17.91%	20.90%	15.45%	8.17%	-21.35%	-29.58%	-29.26%	28.73%

Manav Infra Projects Ltd Financial Efficiency Indicators Chart

Manav Infra Projects Ltd Share Holding Pattern

Month	Mar 2019	Sep 2019	Dec 2019	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024
Promoters	73.13%	73.13%	73.13%	73.13%	73.13%	73.13%	73.13%	73.13%	73.13%	73.13%	73.13%	73.13%
Public	26.87%	26.88%	26.87%	26.86%	26.88%	26.87%	26.87%	26.87%	26.87%	26.87%	26.87%	26.87%
No. of Shareholders	314	304	298	293	284	270	267	281	273	259	248	232

Manav Infra Projects Ltd Shareholding Pattern Chart

No. of Manav Infra Projects Ltd Shareholders

This stock is not held by any mutual fund

Manav Infra Projects Ltd ROCE Trend

Manav Infra Projects Ltd EPS Trend

Manav Infra Projects Ltd Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	1.69	0.88	-6.04	-0.96	-8.64
Diluted EPS (Rs.)	1.69	0.88	-6.04	-0.96	-8.64
Cash EPS (Rs.)	2.42	1.91	-4.47	-7.32	-5.49
Book Value[Excl.RevalReserv]/Share (Rs.)	-3.03	-4.72	-5.59	0.44	10.08
Book Value[Incl.RevalReserv]/Share (Rs.)	-3.03	-4.72	-5.59	0.44	10.08
Revenue From Operations / Share (Rs.)	20.93	17.48	7.89	7.39	12.64
PBDIT / Share (Rs.)	4.78	4.27	-2.79	-5.61	-3.78
PBIT / Share (Rs.)	4.04	3.23	-4.36	-7.93	-6.92
PBT / Share (Rs.)	2.30	1.10	-6.17	-9.89	-8.98
Net Profit / Share (Rs.)	1.69	0.87	-6.04	-9.64	-8.63
PBDIT Margin (%)	22.82	24.43	-35.42	-75.92	-29.91
PBIT Margin (%)	19.31	18.50	-55.32	-107.34	-54.80
PBT Margin (%)	11.00	6.31	-78.27	-133.83	-71.10
Net Profit Margin (%)	8.07	5.00	-76.53	-130.47	-68.34
Return on Networth / Equity (%)	-55.83	-18.54	0.00	-2184.14	-85.65
Return on Capital Employeed (%)	112.23	-1028.97	-249.43	-90.18	-34.73
Return On Assets (%)	10.31	6.23	-40.36	-46.45	-27.85
Long Term Debt / Equity (X)	-2.19	-0.93	-1.31	18.92	0.97
Total Debt / Equity (X)	-4.53	-1.40	-3.13	37.63	1.68
Asset Turnover Ratio (%)	1.38	1.21	0.44	0.28	0.35
Current Ratio (X)	0.68	0.51	0.56	0.93	1.66
Quick Ratio (X)	0.68	0.51	0.56	0.65	1.09
Interest Coverage Ratio (X)	2.75	2.00	-1.54	-2.87	-1.84
Interest Coverage Ratio (Post Tax) (X)	1.97	1.41	-2.34	-3.92	-3.19
Enterprise Value (Cr.)	24.66	12.48	16.49	14.57	14.80
EV / Net Operating Revenue (X)	1.72	1.04	3.06	2.88	1.71
EV / EBITDA (X)	7.55	4.28	-8.63	-3.80	-5.73
MarketCap / Net Operating Revenue (X)	1.07	0.66	0.84	0.69	0.37
Price / BV (X)	-7.43	-2.48	-1.20	11.56	0.46
Price / Net Operating Revenue (X)	1.07	0.66	0.84	0.69	0.37
EarningsYield	0.07	0.07	-0.90	-1.89	-1.84

Manav Infra Projects Ltd Profitability Ratios (%)

Manav Infra Projects Ltd Liquidity Ratios

Manav Infra Projects Ltd Liquidity Ratios (%)

Manav Infra Projects Ltd Interest Coverage Ratios (%)

Manav Infra Projects Ltd Valuation Ratios

Fair Value

Fair Value: 5.56

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.

Overvalued: 72.60% compared to the current price 20.3

Default values used*: Deafault value of 15% for ROE is used

Intrinsic Value: 9.21

Calculation basis:

Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 54.64% compared to the current price 20.3

Default values used*: Deafault value of 15% for ROE is used

Last 5 Year EPS CAGR: 65.51%

*Investments are subject to market risks

Strength and Weakness of Manav Infra Projects Ltd Stock

Strength	Weakness
	The stock has a low average ROCE of 4.31%, which may not be favorable. The stock has a high average Working Capital Days of 175.66, which may not be favorable. The stock has a high average Cash Conversion Cycle of 215.89, which may not be favorable. The company has higher borrowings (8.06) compared to reserves (-0.91), which may suggest financial risk. The company has not shown consistent growth in sales (13.04) and profit (-0.65).

Strength

Weakness

The stock has a low average ROCE of 4.31%, which may not be favorable.
The stock has a high average Working Capital Days of 175.66, which may not be favorable.
The stock has a high average Cash Conversion Cycle of 215.89, which may not be favorable.
The company has higher borrowings (8.06) compared to reserves (-0.91), which may suggest financial risk.
The company has not shown consistent growth in sales (13.04) and profit (-0.65).

FAQ

What is the latest fair value of Manav Infra Projects Ltd?

The latest fair value of Manav Infra Projects Ltd is ₹5.56.

What is the Market Cap of Manav Infra Projects Ltd?

The Market Cap of Manav Infra Projects Ltd is 13.9 Cr..

What is the current Stock Price of Manav Infra Projects Ltd as on 26 July 2024?

The current stock price of Manav Infra Projects Ltd as on 26 July 2024 is 20.3.

What is the High / Low of Manav Infra Projects Ltd stocks in FY 2024?

In FY 2024, the High / Low of Manav Infra Projects Ltd stocks is 23.5/12.5.

What is the Stock P/E of Manav Infra Projects Ltd?

The Stock P/E of Manav Infra Projects Ltd is 12.0.

What is the Book Value of Manav Infra Projects Ltd?

The Book Value of Manav Infra Projects Ltd is 3.03.

What is the Dividend Yield of Manav Infra Projects Ltd?

The Dividend Yield of Manav Infra Projects Ltd is 0.00 %.

What is the ROCE of Manav Infra Projects Ltd?

The ROCE of Manav Infra Projects Ltd is 41.9 %.

What is the ROE of Manav Infra Projects Ltd?

The ROE of Manav Infra Projects Ltd is %.

What is the Face Value of Manav Infra Projects Ltd?

The Face Value of Manav Infra Projects Ltd is 10.0.