Man Infraconstruction Share Price

ManInfraconstruction Limited provides civil construction services in India. The company’s services include port infrastructure construction of onshore container terminals and freight stations; land reclamation; soil consolidation; and provision of operational services, including firefighting, sewerage, drainage systems, etc. It is also involved in the construction of commercial and institutional projects. In addition, the company undertake residential construction. Further, it engages in the real estate business; production, manufacturing, processing, trading, and dealing of building material products, including ready mix concrete, aggregate, cement, and all cement based products, etc. ManInfraconstruction share price on the NSE and BSE is a reflection of how market participants respond to a company’s performance and broader business developments within its industry. It captures the sentiment of the investors based on financial results, operational updates, macroeconomic factors, and trends specific to sectors. Movements in the share price͏ reveal how the market evaluates the company’s current position and its future prospects, making ͏it a key indicator of market perception across various industries.

The Man Infraconstruction stock price is influenced by various factors such as order book inflows, project execution timelines, raw material costs, and government infrastructure spending. Over the longer term, strategies related to securing large contracts, maintaining profitability, and managing working capital affect market sentiment. All these factors must be closely monitored to have an idea about the Man Infraconstruction stock price movements.

ManInfraconstructionlive share price provides real-time information about the last price traded, bid price, ask price, and volume traded. These indicators represent trading activity and liquidity and the reaction of investors to corporate announcements, quarterly results, and sector news. Constant ͏monitoring of Man Infraconstructionlive price helps observe short-term price fluctuations and understand how the stock is moving in relation to the broader market.

Furthermore, monitoring the Man Infraconstructionshare͏ price today helps investors understand real-time market sentiment, price volatility, and trading behaviour. It allows market participants to evaluate short-term performance, identifypossible entry or exit points, and respond to news, quarterly results or sector trends that may affect the company’s valuation and overall investment outlook.

Man Infraconstruction Limited Company Fundamentals

Man Infraconstruction Limited Company Background

With roots dating back to 1964, the MICL Group stands as a symbol of five decades of experience, trust, and holistic growth. The Group began its journey as engineering contractors and successfully delivered landmark projects across India, spanning ports, infrastructure, residential townships, commercial spaces, institutions, IT projects, and modern lifestyle developments. In 2012, MICL Group entered the real estate sector with a clear vision to create thoughtfully designed homes backed by decades of engineering excellence. Over the years, the Group expanded its engineering capabilities and diversified into advanced infrastructure domains, redefining luxury living through global standards. The organisation’s expertise covers port infrastructure, residential construction, commercial and institutional projects, industrial facilities, and road development. Certified with ISO 9001:2015, ISO 14001:2015, and OHSAS 45001:2018, the Group maintains strong standards in quality, safety, and sustainability. Driven by a skilled and dedicated team, MICL Group focuses on transparency, timely delivery, and long-term value creation. With a growing presence in India and international markets, the Group continues to engineer lifestyles and shape the future of modern living.

Man Infraconstruction Limited Company Product Lines

EPC (Engineering, Procurement & Construction):

• Port Infrastructure construction (container terminals, freight stations, land reclamation, soil consolidation, firefighting, sewerage & drainage systems)
• Residential Construction (high-rise buildings, townships, luxury villas)
• Commercial & Institutional Construction (IT parks, office complexes, hotels, malls, schools, hospitals)
• Industrial Construction (factories, cold storages, warehouses, manufacturing/processing units)
• Road Construction (earthwork, paving, widening, electrification, landscaping, drainage)

Real Estate Development:

• Residential real estate projects primarily in the Mumbai Metropolitan Region (MMR)
• Premium, luxury residential developments under brands such as Aaradhya and Atmosphere

Ongoing & Completed Project Portfolio:

Includes a mix of residential, infrastructure, commercial & industrial projects across India, such as:

• Nhava Sheva International Container Terminal (infrastructure)
• Mundra Port (infrastructure)
• Numerous residential projects in Mumbai, Pune, Nagpur
• Office buildings, factory sheds, warehouses, institutional structures

Man Infraconstruction Limited Company Revenue Model

• EPC Contract Revenue — Earns construction fees from government and private infrastructure contracts across ports, roads, buildings, industrial facilities, and institutional works.
• Real Estate Sales Revenue — Revenue from sale of residential units in premium projects in the MMR region.
• Development Management / Asset-Light Model Fees — Consultancy, project management, and development fees on select real estate projects.
• Operational Services Income — Income from value-added services like firefighting systems, sewerage, drainage provided under EPC scope.
• Portfolio Growth & Strategic Investments — Income from overseas real estate holdings and strategic equity interests (e.g., MICL Tigertail LLC in the US)

Man Infraconstruction Limited Geographic Presence

Primary Base:

• Mumbai, Maharashtra, India – Headquarters and key operations hub.

Project Footprint Across India:

• Projects across Maharashtra (Mumbai, Navi Mumbai, Pune, Thane, Dahisar, Mulund)
• Major Port Projects in Gujarat (Mundra, Pipavav)
• Chennai Port and other infrastructure in Tamil Nadu.
• Various commercial & industrial projects in Gujarat and Maharashtra.

International Presence:

• Strategic stake and projects in the United States real estate market (e.g., MICL Tigertail LLC in Miami, Florida)

Man Infraconstruction Limited Leadership 

Some of key leaders of Man Infraconstruction as of February 2026 are

• Berjis Desai – Non-Independent & Non-Executive Chairman
• Parag K. Shah – Non-Executive Chairman Emeritus
• Manan P. Shah – Managing Director
• Ashok Mehta – Executive Director
• Kavita Upadhyay – Independent Director
• Dr. Kshitija Wadatkar – Independent Director

Man Infraconstruction Limited Key Milestones

• 1964: Group’s engineering roots established, focusing on large-scale infrastructure projects across India
• 2002: Incorporated as Man Construction Pvt. Ltd.
• 2004: Converted into a Public Limited Company – renamed Man Construction Limited
• 2006: Renamed Man Infraconstruction Limited; expanded through mergers with Pathare Real Estate & Man Infraproject Ltd
• 2007–08: Acquired majority stake in Man Projects Ltd, strengthening real estate and EPC presence
• 2009: Formed joint venture Man Ajwani Infraconstruction Ltd for EWS housing projects; issued bonus shares
• 2010–11: Acquired Man Realtors & Holdings Pvt Ltd; entered multiple real estate subsidiaries
• 2012: Strengthened real estate vertical; MNIL became wholly owned subsidiary
• 2013–14: Acquired AM Realtors Pvt Ltd; expanded LLP partnerships in real estate development
• 2016–17: Streamlined subsidiaries; launched redevelopment projects in Mumbai
• 2018–19: Completed Aaradhya Residency, Ghatkopar; acquired 50% stake in Starcrete
• 2021–22: Added multiple MICL LLP subsidiaries; completed Aaradhya Signature, Sion; launched Aaradhya Square
• 2022: Launched premium Insignia project, Vile Parle West
• 2022–23: Manaj Tollway & Man Projects became wholly owned subsidiaries
• 2023: Launched Aaradhya Parkwood, Aaradhya Evoq, Atmosphere Tower G, and Aaradhya Avaan
• 2024: Launched Aaradhya OnePark; incorporated Atmosphere Homes LLP
• 2024–25: Merged Manaj Tollway & Man Projects into MICL; launched JadePark and new towers at Aaradhya Parkwood

Industry Perspective

Man Infraconstruction Limited operates within India’s Construction and Real Estate industry, one of the most dynamic and rapidly expanding sectors in the country. This industry encompasses civil construction, infrastructure development, residential and commercial real estate projects—precisely the segments in which MICL is active. The Indian construction market has exhibited robust growth, with the sector projected to grow from approximately ₹22.77 trillion in 2024 to about ₹39.10 trillion by 2029 at an estimated 8.8% CAGR from 2025–2029. Major infrastructure and urbanisation initiatives, including national investment pipelines and large public projects, continue to fuel expansion. Long-term forecasts also highlight sustained expansion, with some research estimating the market could reach around USD 2.13 trillion by 2030 at a 12.1% CAGR (2025–2030) underlines the strong growth trajectory driven by infrastructure, residential, and commercial construction demand. India’s real estate segment, a key complement to construction, is also expanding rapidly. It is projected to grow to approximately USD 1,184 billion by 2033, with a CAGR of about 10.5% over the forecast period, underpinned by urbanisation, rising income levels, and regulatory reforms. The construction and real estate industry’s significant contribution to GDP, employment, and ongoing public and private investments underscores a strong growth outlook for companies like MICL.

Man Infraconstruction Limited Stock Market Presence: Listings & Index Representation

Man Infraconstruction Limited is listed on the BSE (Bombay Stock Exchange) and NSE, with the symbol MANINFRA and BSE scrip code 533169, respectively.

Man Infraconstruction Limited is an established entity in the Indian stock market, listed on both major exchanges. Its inclusion in various indices such as the S&P BSE Industrials, S&P BSE MidSmallCap, S&P BSE SmallCap, S&P BSE AllCap, BSE 1000, Nifty Microcap 250 Index, and Nifty Total Market highlights its standing within the industrial and capital goods sector.

The Man Infraconstruction stock price is tracked by investors focusing on the infrastructure space. Its presence in these indices reflects its market capitalization and role in the construction and infrastructure domain. Listing on the NSE and BSE ensures liquidity, while index inclusion can influence institutional interest and benchmarking within the sector.

Man Infraconstruction Limited Stock Performance and Share Price History

The Man Infraconstruction share price on NSE and BSE reflects its position as a focused infrastructure EPC player. Its performance is driven by order book growth, project execution efficiency, margin trends, and working capital management. Investors often compare the Man Infraconstruction share price today with broader indices like the Nifty 50 and sectoral peers to gauge relative performance.

Sectoral trends and government policy announcements regarding infrastructure spending have historically influenced the Man Infraconstruction share price. Corporate actions have also impacted short-term movements. While short-term fluctuations reflect specific events, longer-term trends are visible through the Man Infraconstruction share price 52-week high and low, providing context beyond daily changes.

The Man Infraconstruction share price history shows the trading pattern of a company operating in a cyclical sector. Its focus on port EPC and real estate development has shaped its long-term trajectory. The stock has experienced phases of significant growth and periods of consolidation aligned with infrastructure cycles.

The stock witnessed strong performance in 2012 and between 2020-2021. The period from 2020 to 2021 saw exceptional returns of 348.25%, driven by strong order inflows and execution. However, the Man Infraconstruction stock price faced pressure in 2022, declining 27.04%, likely due to rising input costs and margin concerns. A robust recovery followed in 2023 with a 190.45% return, supported by a strong project pipeline. More recently, the Man Infraconstruction share price decreased by 48.23% in 2025, which can be attributed to challenges in project timelines, sector-wide slowdowns, and broader market corrections. Despite this, the stock has delivered substantial long-term returns of 364.45% over five years and 390.96% over ten years.

The Man Infraconstruction share price reached an all-time high of ₹262.8 in recent years, reflecting peak investor optimism. Over various periods, its returns have shown variance compared to benchmarks. For instance, in the last year, the stock returned -38.66%, underperforming the Nifty 50 (+9.56%) and its sector (+10.47%). Conversely, over five years, its 364.45% return significantly outpaced the Nifty 50’s 70.77%. Seasonality data indicates that, on a five-year average, the stock has frequently generated positive returns in Q2 (18.96%), Q3 (23.82%), and Q4 (16.21%), while Q1 has averaged a decline of -11.58%.

Man Infraconstruction Limited Investor Relevance and Portfolio Role

Man Infraconstruction offers exposure to India’s infrastructure development cycle and can be part of a sector-specific or small/mid-cap portfolio. Its inclusion in various market indices underscores its relevance within the industrial sector. Key strengths such as expertise in port EPC and a diversified project portfolio make it a consideration for investors seeking thematic exposure to infrastructure.

The company’s equity is held by a mix of institutional investors. Top mutual fund holders include Quant Mutual Fund – Quant Small Cap Fund, Quant Money Managers Limited – Quant Mutual Fund – Quant Value Fund, College Retirement Equities Fund – CREF Total Global Stock Account, DFA Investment Dimensions Group Inc. – Emerging Markets Core Equity 2 Portfolio, and Motilal Oswal Amc Ltd. – Motilal Oswal Mutual Fund – Motilal Oswal Nifty Microcap 250 Index Fund. Other holders are DFA Investment Trust Company – Emerging Markets Small Cap Series, American Century ETF Trust – Avantis Emerging Markets Equity ETF, SPDR Index Shares Funds – State Street SPDR S&P Emerging Markets Small Cap ETF, Dimensional ETF Trust – Dimensional Emerging Markets Core Equity 2 ETF, and WisdomTree Trust – WisdomTree India Earnings Fund.

Beyond ownership, technical indicators and derivatives market activity are monitored for short-term momentum shifts in the Man Infraconstruction stock price. The stock’s beta indicates its volatility relative to the market. Man Infraconstruction’s beta values have generally been above 1, indicating higher volatility than the broader market. Key beta figures include a long-term beta of 1.79, a daily beta over three months of 1.67, and a weekly beta over one year of 2.34. These values, across daily, weekly, and monthly ranges from 1.47 to 2.34, suggest the stock has experienced higher sensitivity to market movements, which is typical for companies in the project-driven infrastructure sector.

Man Infraconstruction Limited Sectoral Relevance and Peer Positioning

Man Infraconstruction’s sector relevance stems from its specialization in port and marine infrastructure, industrial EPC, and real estate, establishing it as a key player supporting India’s core sector development. Peer comparisons with companies like NCC Limited, Larsen & Toubro, IRB Infrastructure Developers, KEC International, and H.G. Infra Engineering focus on order book size, project diversity, execution capabilities, and return ratios rather than short-term stock moves. These benchmarks help assess operational scale and sector positioning within India’s competitive infrastructure landscape.

Man Infraconstruction market cap was ₹46.66 billion as of February 6, 2026, representing a decrease of 45.22% over one year. Historically, its market cap has seen significant growth and volatility, aligning with its stock performance cycles. It increased from ₹3.53 billion in April 2009 to ₹92.32 billion by December 2024, an expansion of over 1,222% in approximately 15 years, before moderating. The market cap was ₹80.58 billion in December 2023, ₹27.58 billion in December 2022, and ₹37.76 billion in December 2021, reflecting the substantial volatility and growth in earlier years.

Man Infraconstruction earnings has shown considerable fluctuation over the years, reflecting the project-based nature of its business. Net income grew from ₹17.59 billion in March 2016 to a peak of ₹300.39 billion in March 2024. Key points include ₹32.02 billion in March 2021, ₹216.35 billion in March 2022, ₹258.57 billion in March 2023, and ₹282.72 billion in March 2025. The compound annual growth rate (CAGR) for net income was 111.99% over five years and 19.75% over ten years, indicating significant long-term growth despite annual variability.

Man Infraconstruction EPS has followed a trajectory similar to net income. Basic EPS was ₹0.862 in March 2021, rising to ₹5.83 in March 2022, ₹6.96 in March 2023, ₹8.09 in March 2024, and ₹7.59 in March 2025. The five-year CAGR for EPS was 111.81%. Recent quarterly basic EPS figures, as per the provided history, include ₹2.20 for FY 2023, with quarterly values fluctuating between ₹1.20 and ₹2.25 through September 2025. The trailing twelve months (TTM) EPS was reported at ₹7.2.

Man Infraconstruction P/E ratio has varied significantly, influenced by earnings volatility and market sentiment. Key historical P/E figures include 32.23 in March 2021, 17.92 in March 2022, 9.80 in March 2023, 25.26 in March 2024, and 19.60 in March 2025. The ratio fell by 22.42% from March 2024 to March 2025. The P/E was negative at -57.49 in March 2020 due to a loss and stood at 24.13 in March 2019. The average P/E over the last five years was 20.96.

Summary

Man Infraconstruction Limited is a significant player in India’s infrastructure EPC and real estate sector. The Man Infraconstruction share price reflects market assessment of its project execution, order book, and sector trends. The company is listed on NSE and BSE and is included in several indices. Its stock performance has shown high volatility with periods of strong growth and correction, influenced by project cycles and market conditions. It is held by various domestic and international funds, and its financial metrics like market cap, earnings, EPS, and P/E ratio have seen substantial variation over time.