Manav Infra Projects Ltd: Intrinsic Value & Share Price Analysis

Q: What is the current share price and 52-week range of Manav Infra Projects Ltd?

Manav Infra Projects Ltd is trading at 42.10 as of 25 April 2026, with a FY2026-2027 high of 45.0 and low of 11.0. The stock is currently near its 52-week high. Market cap stands at 55.4 Cr..

Q: Is Manav Infra Projects Ltd financially healthy?

Key indicators: ROCE of 39.9 % indicates efficient capital utilization. Dividend yield is 0.00 %.

Q: Is Manav Infra Projects Ltd profitable and how is the profit trend?

Manav Infra Projects Ltd reported a net profit of 3 Cr in Mar 2025 on revenue of 25 Cr. Compared to -4 Cr in Mar 2022, the net profit shows an improving trend.

Fair Value

₹88.09Undervalued by 109.24%vs CMP ₹42.10

P/E (16.2) × ROE (103.0%) × BV (₹6.47) × DY (2.00%)

₹52.42Undervalued by 24.51%vs CMP ₹42.10

MoS: +19.7% (Adequate)Confidence: 48/100 (Moderate)Models: 2 Under, 1 Fair, 5 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹128.52	26%	Under (+205.3%)
Graham Number	Earnings	₹19.45	16%	Over (-53.8%)
Earnings Power	Earnings	₹3.43	13%	Over (-91.9%)
DCF	Cash Flow	₹58.26	13%	Under (+38.4%)
Net Asset Value	Assets	₹6.47	8%	Over (-84.6%)
EV/EBITDA	Enterprise	₹41.54	10%	Fair (-1.3%)
Earnings Yield	Earnings	₹26.00	8%	Over (-38.2%)
Revenue Multiple	Revenue	₹18.62	6%	Over (-55.8%)
Consensus (8 models)		₹52.42	100%	Undervalued

Key Drivers: EPS CAGR 45.9% lifts DCF — verify sustainability. | Wide model spread (₹3–₹129) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 45.9%

*Investments are subject to market risks

Analyst Summary

Manav Infra Projects Ltd operates in the Construction, Contracting & Engineering segment, current market price is ₹42.10, market cap is 55.4 Cr.. At a glance, stock P/E is 16.2, ROE is 103 %, ROCE is 39.9 %, book value is 6.47, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹52.42, which is about 24.5% above the current price, so the page currently reads as potentially undervalued rather than fully priced. On operating trend, latest reported sales are about ₹25 Cr versus the prior period change of 71.2%, while latest net profit is about ₹3 Cr with a prior-period change of 177.6%. The 52-week range shown on this page is 45.0/11.0, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisManav 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)…

This summary is generated from the stock page data available for Manav Infra Projects Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

Manav Infra Projects Ltd scores 65/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health56/100 · Moderate

ROCE 39.9% ExcellentROE 103.0% ExcellentD/E 37.63 High debtInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed

Smart Money50/100 · Moderate

Promoter holding at 68.8% Stable

Earnings Quality65/100 · Strong

OPM expanding (-5% → 22%) Improving

Quarterly Momentum60/100 · Moderate

Revenue (4Q): +97% YoY AcceleratingOPM: 12.3% (down 5.6% YoY) Margin pressure

Industry Rank100/100 · Strong

P/E 16.2 vs industry 41.5 Cheaper than peersROCE 39.9% vs industry 16.4% Above peersROE 103.0% vs industry 21.4% Above peers3Y sales CAGR: 66% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 25, 2026, 11:25 pm

Market Cap	55.4 Cr.
Current Price	42.1
Intrinsic Value	₹49.11
High / Low	45.0/11.0
Stock P/E	16.2
Book Value	6.47
Dividend Yield	0.00 %
ROCE	39.9 %
ROE	103 %
Face Value	10.0
PEG Ratio	0.35

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Manav Infra Projects Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Manav Infra Projects Ltd	55.4 Cr.	42.1	45.0/11.0	16.2	6.47	0.00 %	39.9 %	103 %	10.0
Univastu India Ltd	247 Cr.	68.5	107/56.0	15.8	24.3	0.00 %	26.6 %	15.8 %	10.0
IITL Projects Ltd	21.5 Cr.	43.0	73.9/36.0	15.6	2.12	0.00 %	16.6 %	%	10.0
Shradha Infraprojects Ltd	323 Cr.	39.9	72.1/26.3	15.4	19.8	1.25 %	9.54 %	12.7 %	2.00
Likhitha Infrastructure Ltd	915 Cr.	232	324/131	17.4	101	0.00 %	27.6 %	20.3 %	5.00
Industry Average	3,771.12 Cr	170.93		41.52	125.44	0.17%	16.37%	21.40%	21.58

All Competitor Stocks of Manav Infra Projects Ltd

Quarterly Result

Metric	Sep 2019	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025
Sales	4.41	4.23	2.48	2.57	2.19	3.20	4.40	8.57	5.52	8.80	6.35	18.14	9.43
Expenses	4.62	6.93	4.11	4.80	4.33	4.83	4.53	4.83	4.53	6.52	4.87	14.30	8.27
Operating Profit	-0.21	-2.70	-1.63	-2.23	-2.14	-1.63	-0.13	3.74	0.99	2.28	1.48	3.84	1.16
OPM %	-4.76%	-63.83%	-65.73%	-86.77%	-97.72%	-50.94%	-2.95%	43.64%	17.93%	25.91%	23.31%	21.17%	12.30%
Other Income	0.03	0.29	0.00	0.01	0.01	-0.01	0.00	0.12	0.00	0.00	0.00	0.15	0.22
Interest	0.73	0.68	0.70	0.63	0.46	0.77	0.71	0.75	0.63	0.56	0.71	0.82	0.45
Depreciation	1.07	1.08	0.81	0.78	0.54	0.53	0.37	0.71	0.24	0.26	0.54	0.29	0.54
Profit before tax	-1.98	-4.17	-3.14	-3.63	-3.13	-2.94	-1.21	2.40	0.12	1.46	0.23	2.88	0.39
Tax %	0.00%	-5.76%	0.00%	0.00%	0.00%	-3.06%	0.00%	24.17%	25.00%	26.03%	8.70%	-4.51%	-5.13%
Net Profit	-1.97	-3.93	-3.13	-3.63	-3.13	-2.85	-1.20	1.82	0.09	1.07	0.21	3.01	0.41
EPS in Rs	-1.44	-2.87	-2.28	-2.65	-2.28	-2.08	-0.88	1.33	0.07	0.78	0.15	2.29	0.31

Last Updated: December 30, 2025, 1:37 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: December 15, 2025, 5:00 am

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	11.97	14.84	16.44	18.08	20.87	15.53	8.62	5.05	5.39	11.95	14.31	24.50	27.57
Expenses	9.03	14.39	14.50	15.89	17.64	11.99	11.34	7.93	7.23	9.13	11.01	19.14	22.57
Operating Profit	2.94	0.45	1.94	2.19	3.23	3.54	-2.72	-2.88	-1.84	2.82	3.30	5.36	5.00
OPM %	24.56%	3.03%	11.80%	12.11%	15.48%	22.79%	-31.55%	-57.03%	-34.14%	23.60%	23.06%	21.88%	18.14%
Other Income	0.00	1.39	-0.03	0.22	0.26	0.02	0.14	-0.95	-0.07	0.10	-0.03	0.10	0.37
Interest	1.48	0.65	0.89	1.05	1.20	1.38	1.41	1.34	1.24	1.46	1.19	1.53	1.27
Depreciation	1.06	0.82	0.60	0.57	1.03	1.80	2.15	1.59	1.07	0.71	0.50	0.83	0.83
Profit before tax	0.40	0.37	0.42	0.79	1.26	0.38	-6.14	-6.76	-4.22	0.75	1.58	3.10	3.27
Tax %	50.00%	100.00%	-45.24%	-30.38%	-0.79%	-15.79%	-3.91%	-2.51%	-2.13%	21.33%	26.58%	-3.55%
Net Profit	0.21	0.00	0.61	1.03	1.27	0.44	-5.90	-6.59	-4.13	0.60	1.16	3.22	3.42
EPS in Rs	0.52	0.00	1.52	2.58	0.93	0.32	-4.31	-4.81	-3.01	0.44	0.85	2.45	2.60
Dividend Payout %	0.00%		0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	-100.00%	68.85%	23.30%	-65.35%	-1440.91%	-11.69%	37.33%	114.53%	93.33%	177.59%
Change in YoY Net Profit Growth (%)	0.00%	168.85%	-45.55%	-88.66%	-1375.55%	1429.21%	49.02%	77.20%	-21.19%	84.25%

Manav Infra Projects Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2014-2015 to 2024-2025.

No data available for the compounded sales growth chart.

Balance Sheet

Last Updated: December 4, 2025, 1:37 am

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	2.00	2.00	2.00	2.00	6.84	6.84	6.84	6.84	6.84	6.84	6.84	13.16	13.16
Reserves	2.24	2.25	2.82	3.85	5.79	6.22	0.06	-6.53	-10.66	-10.06	-8.91	-5.06	-4.64
Borrowings	7.34	2.58	3.31	3.63	6.62	11.26	11.59	11.36	11.97	9.83	9.38	7.29	7.24
Other Liabilities	3.52	4.27	5.70	3.55	2.97	3.13	2.70	2.52	2.07	2.98	3.90	6.24	2.40
Total Liabilities	15.10	11.10	13.83	13.03	22.22	27.45	21.19	14.19	10.22	9.59	11.21	21.63	18.16
Fixed Assets	2.48	1.87	1.37	2.30	3.74	7.01	5.55	3.79	2.48	1.67	1.66	3.33	4.88
CWIP	2.31	0.00	0.00	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	0.07	0.06	0.06	0.06	0.06	0.06	0.00	0.15	0.00	1.35
Other Assets	10.31	9.23	12.46	10.66	18.42	20.38	15.58	10.34	7.68	7.92	9.40	18.30	11.93
Total Assets	15.10	11.10	13.83	13.03	22.22	27.45	21.19	14.19	10.22	9.59	11.21	21.63	18.16

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	3.74	2.92	0.23	-0.49	-3.43	3.90	1.75	1.03	1.12	3.37	0.36	2.65
Cash from Investing Activity +	-0.13	3.48	-0.13	-1.96	-2.96	-5.87	-0.68	1.61	0.59	0.06	-0.61	-2.45
Cash from Financing Activity +	-1.97	-5.79	0.34	-1.47	6.12	1.95	-1.11	-2.37	-1.93	-3.47	0.33	6.68
Net Cash Flow	1.63	0.61	0.45	-3.92	-0.26	-0.02	-0.04	0.27	-0.22	-0.04	0.08	6.88
Free Cash Flow	3.61	6.40	0.10	-1.75	-5.67	-1.17	1.07	1.03	1.36	3.47	-0.13	0.15
CFO/OP	135%	702%	38%	-22%	-106%	113%	-64%	-36%	-61%	125%	24%	49%

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-4.40	-2.13	-1.37	-1.44	-3.39	-7.72	-14.31	-14.24	-13.81	-7.01	-6.08	-1.93

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

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	78.98	71.82	116.78	107.40	159.85	253.36	269.30	256.58	242.43	104.15	116.82	89.98
Inventory Days		0.00	0.00	155.61	242.15		641.34	385.76	0.00	0.00	0.00	0.00
Days Payable				254.20	106.83		252.69	256.02
Cash Conversion Cycle	78.98	71.82	116.78	8.82	295.17	253.36	657.95	386.32	242.43	104.15	116.82	89.98
Working Capital Days	128.38	-29.27	4.44	62.18	178.74	229.15	211.29	-60.71	-268.16	-146.31	-60.45	-1.49
ROCE %	16.05%	-3.91%	17.91%	20.90%	15.45%	8.17%	-21.35%	-29.58%	-29.26%	28.73%	40.23%	39.91%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025
Promoters	73.13%	73.13%	73.13%	73.13%	73.13%	73.13%	73.13%	73.13%	73.13%	73.13%	68.84%	68.84%
Public	26.86%	26.88%	26.87%	26.87%	26.87%	26.87%	26.87%	26.87%	26.87%	26.87%	31.16%	31.16%
No. of Shareholders	293	284	270	267	281	273	259	248	232	224	238	248

Shareholding Pattern Chart

No. of Shareholders

Manav Infra Projects Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	4.66	1.69	0.88	-6.04	-0.96
Diluted EPS (Rs.)	4.66	1.69	0.88	-6.04	-0.96
Cash EPS (Rs.)	3.08	2.42	1.91	-4.47	-7.32
Book Value[Excl.RevalReserv]/Share (Rs.)	6.16	-3.03	-4.72	-5.59	0.44
Book Value[Incl.RevalReserv]/Share (Rs.)	6.16	-3.03	-4.72	-5.59	0.44
Revenue From Operations / Share (Rs.)	18.61	20.93	17.48	7.89	7.39
PBDIT / Share (Rs.)	4.15	4.78	4.27	-2.79	-5.61
PBIT / Share (Rs.)	3.52	4.04	3.23	-4.36	-7.93
PBT / Share (Rs.)	2.36	2.30	1.10	-6.17	-9.89
Net Profit / Share (Rs.)	2.44	1.69	0.87	-6.04	-9.64
PBDIT Margin (%)	22.30	22.82	24.43	-35.42	-75.92
PBIT Margin (%)	18.92	19.31	18.50	-55.32	-107.34
PBT Margin (%)	12.67	11.00	6.31	-78.27	-133.83
Net Profit Margin (%)	13.13	8.07	5.00	-76.53	-130.47
Return on Networth / Equity (%)	39.71	-55.83	-18.54	0.00	-2184.14
Return on Capital Employeed (%)	33.47	112.23	-1028.97	-249.43	-90.18
Return On Assets (%)	14.87	10.31	6.23	-40.36	-46.45
Long Term Debt / Equity (X)	0.70	-2.19	-0.93	-1.31	18.92
Total Debt / Equity (X)	0.90	-4.53	-1.40	-3.13	37.63
Asset Turnover Ratio (%)	1.49	1.38	1.21	0.44	0.28
Current Ratio (X)	1.88	0.74	0.51	0.56	0.93
Quick Ratio (X)	1.88	0.74	0.51	0.56	0.65
Interest Coverage Ratio (X)	3.57	2.75	2.00	-1.54	-2.87
Interest Coverage Ratio (Post Tax) (X)	3.10	1.97	1.41	-2.34	-3.92
Enterprise Value (Cr.)	14.13	24.66	12.48	16.49	14.57
EV / Net Operating Revenue (X)	0.57	1.72	1.04	3.06	2.88
EV / EBITDA (X)	2.59	7.55	4.28	-8.63	-3.80
MarketCap / Net Operating Revenue (X)	0.56	1.07	0.66	0.84	0.69
Price / BV (X)	1.71	-7.43	-2.48	-1.20	11.56
Price / Net Operating Revenue (X)	0.56	1.07	0.66	0.84	0.69
EarningsYield	0.23	0.07	0.07	-0.90	-1.89

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

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 & Engineering. Company's Total Operating Revenue is Rs. 24.50 Cr. and Equity Capital is Rs. 13.16 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Construction, Contracting & Engineering	102, Gundecha Industrial � Complex Akurli Road, Mumbai Maharashtra 400101	Contact not found

Management
Name	Position Held
Mr. Mahendra Raju	Chairman & Managing Director
Mr. Dinesh Yadav	Executive Director
Ms. Mahalakshmi Raju	Non Executive Director
Mr. Mohan Pai	Independent Director
Mr. Atul Purohit	Independent Director
Mr. Vipul Vishnu Awaghade	Addnl. & Ind.Director

FAQ

What is the intrinsic value of Manav Infra Projects Ltd and is it undervalued?

As of 25 April 2026, Manav Infra Projects Ltd's intrinsic value is ₹52.42, which is 24.51% higher than the current market price of ₹42.10, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (103 %), book value (₹6.47), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Manav Infra Projects Ltd?

Manav Infra Projects Ltd is trading at ₹42.10 as of 25 April 2026, with a FY2026-2027 high of ₹45.0 and low of ₹11.0. The stock is currently near its 52-week high. Market cap stands at ₹55.4 Cr..

How does Manav Infra Projects Ltd's P/E ratio compare to its industry?

Manav Infra Projects Ltd has a P/E ratio of 16.2, which is below the industry average of 41.52. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Manav Infra Projects Ltd financially healthy?

Key indicators for Manav Infra Projects Ltd: ROCE of 39.9 % indicates efficient capital utilization; ROE of 103 % shows strong shareholder returns. Dividend yield is 0.00 %.

Is Manav Infra Projects Ltd profitable and how is the profit trend?

Manav Infra Projects Ltd reported a net profit of ₹3 Cr in Mar 2025 on revenue of ₹25 Cr. Compared to ₹-4 Cr in Mar 2022, the net profit shows an improving trend.

Does Manav Infra Projects Ltd pay dividends?

Manav Infra Projects Ltd has a dividend yield of 0.00 % at the current price of ₹42.10. The company is currently not paying meaningful dividends.