Company Overview

Manav Infra Projects Limited was originally incorporated as a Private Limited Company with the name "Manav Infra Projects Private Limited" on 8th June 2009. Subsequently, the company was converted into a Public Limited Company and its name was changed to "Manav Infra Projects Limited" on 2nd February 2017. Manav Infra Projects, formerly known as Sai Baba Constructions, was established in 1995 by the founder, Mr. Mahendra Raju (Promoter and Managing Director of the Company), with a mission to become a leader in the construction and infrastructure business by serving the fast-growing infrastructure needs of the country.

The company operates as an India-based infrastructure and construction company with its registered office located in Mumbai, Maharashtra. The key management includes Mahendra Narayan Raju as Chairman and Jyoti Birla as the Company Secretary for Manav Infra Projects Ltd.

Business Operations and Services

The Company's services encompass excavation, piling, road construction, and prestressed rock anchoring. Manav Infra Projects maintains a comprehensive range of earth-moving equipment and machines for various construction work, including Excavators, JCBs, Loaders, Pilings, Rock Breakers, and Transportation Vehicles. These are also provided on rent across India.

The company's operational presence spans multiple states in India, providing infrastructure services in Maharashtra, Goa, Gujarat, Rajasthan, Karnataka, Telangana, and Andhra Pradesh. This extensive geographical coverage enables Manav Infra to cater to a diverse array of infrastructure development projects across these regions.

Project Portfolio and Experience

The Company's projects include notable works such as Metro Rail Project Line No. 2 & 7, Rain Forest (Marol), NHAI - JNPT (Navi Mumbai), Rivali Park (Borivali East, Mumbai), Mumbai Metro Rail Project, and excavation work in Juhu. Completed projects include Kanakia Sevens (Marol), Kanakia Levels (Malad), and Chakala (Andheri East, Mumbai), among others.

Manav Infra Projects has demonstrated expertise in various construction types, including infrastructure development for the Mumbai Metro Rail system and private real estate developments. Projects in Chakala, Andheri East, Mumbai, specifically involved the installation and construction of pile foundations, dynamic and integrity load tests for piles, and related works like shuttering and casting of tie beams and waller beams, including all cutting, tying, and reinforcement laying.

Financial Information and Market Position

Manav Infra Projects Ltd. reported a market capitalization of ₹17 crore as of February 28, 2025. Other financial platforms indicate slight variations, with figures like ₹16.13 crore as of March 12, 2025.

The stock is traded on both NSE and BSE exchanges under the symbol MANAV.

- BSE: 535006

- NSE: MANAV

- Sector: Infrastructure

- ISIN Code: INE104Y01012

The company's stock has experienced volatility, with a 52-week high of ₹21.53 and a 52-week low of ₹10.75.

Key financial ratios include:

- P/E Ratio: 14.03

- P/B Ratio: -7.79 _(Note: A negative P/B ratio often indicates negative equity or significant accumulated losses)_

Shareholding Pattern and Corporate Structure

Promoter holding in Manav Infra Projects Ltd. has remained stable, standing at 73.13% as of September 2024, consistent with the figure from March 2023. This indicates stable promoter confidence in the company.

The company transitioned to a public listing through a Public Issue of 18,36,000 Equity Shares in September 2017, raising equity funds aggregating ₹5.51 Crore.

Recent Corporate Actions and Outlook

Manav Infra Projects Limited maintains regular board meetings for governance and strategic decision-making. Recent disclosures include information about Board meetings held on February 22, 2025, and January 13, 2025. The company has also informed the Exchange about receiving work orders and certificates under SEBI (Depositories and Participants) Regulations, 2018.

The company continues to focus on expanding its project portfolio and solidifying its position in the infrastructure and construction sector. However, over the last 5 years, revenue has grown at a yearly rate of -1.67%, which is below the industry average of 8.61%, suggesting challenges in revenue growth compared to industry benchmarks.

Manav Infra Projects Ltd (MANAV) operates within the Industrials sector, specifically the Construction & Engineering sub-sector. The company functions in a competitive environment where infrastructure development is a critical driver of India's economic growth.