The evidence leans negative2 supporting, 4 against, 1 worth knowing
Supporting
3 independent kinds of evidence agree today, which is uncommon
revenue grew 19% year on year in the quarter ending 2026-06-30
Against
trading 2% below its 200-day average
down 32% over twelve months
1 of the scans it matches has historically underperformed the market
net margin has narrowed from 40.3% to 28.7% across four quarters
Worth knowing
the 50-day and 200-day averages disagree, which usually means a turn in progress rather than a trend to lean on
What would change this read: a close back above 111, its 200-day average.
Assembled automatically from the figures on this page — the scans matched, their measured record, the filed financials, the derivatives positioning and the peer comparison. It is not a recommendation, no one has spoken to the company, and every claim above can be checked against a number further down this page.
How it has performed
price return over each window, measured against zero
What the scans say today
7 of 47 matched on 2026-08-21
MANINFRA matches 7 of the 47 scans today, across 3 different kinds of evidence. Three or more independent families agreeing is uncommon — it is the same test the shortlist on every page uses.
segments and revenue mix, as the company reports them
MANINFRA reports 2 business segments. The largest is Real Estate at 63% of revenue in the quarter ending 2026-06-30.
SegmentRevenueSharevs a year ago
Real Estate137 cr62.5%—
EPC (Engineering, Procurement and Contracting)82 cr37.5%—
Segment names are the company’s own, taken verbatim from the reportable-segment disclosure in its quarterly XBRL filing. Nothing on this page describes the business in words we wrote.
Quality of the business
balance sheet as at 2026-03-31
Return on equity
9.5%
trailing profit over shareholders’ funds
Return on capital
11.6%
pre-tax profit over equity plus borrowings
Debt to equity
0.03×
58 cr borrowed against 2,266 cr of equity
Net debt
28 cr
cash exceeds borrowings
Cash conversion
-23%
operating cash flow as a share of profit
Receivable days
39
how long customers take to pay
Return on capital uses profit before tax over equity plus borrowings. The textbook version adds finance costs back; those are not tagged reliably in quarterly filings, so this understates the ratio for a heavily borrowed company rather than flattering it. Balance sheets are filed half-yearly, so these can be up to six months behind the profit figures above.
Valuation against its own history
500 sessions since 2024-09-06
14×
median 22×
34×
now 20×
MANINFRA trades at 20× trailing earnings, close to its median of 22× over this window. The band runs from the 5th to the 95th percentile, so single-day spikes do not set the edges.
This window is short by the standards of valuation history — it begins where four quarters of filed earnings first exist. A stock can look cheap against two years and expensive against ten.
AGM / EGM filings were typically +0.00pt vs the market over the next 5 sessions (n=4,362) · Analyst call filings were typically +0.14pt vs the market over the next 5 sessions (n=3,352) · M&A filings were typically +0.23pt vs the market over the next 5 sessions (n=981)
The business
from the company’s filed results
Everything below is taken from the company’s own quarterly filing with the exchange — the XBRL document it submitted, not a vendor’s summary of it. Figures in rupees crore.
RevenueNet profit, drawn inside its revenue barNet margin, own scale belowrupees crore, per quarter as filed. Revenue bars start at zero.
Going for it
revenue grew 19% against the same quarter a year earlier
profit rose 8% year on year
net margin widened from 28.2% to 28.7%
Going against it
nothing clear in the filed numbers
Quarter-by-quarter numbers, as filed
Quarter
Revenue
Profit before tax
Net profit
EPS
Net margin
Q1 FY27
2026-06-30 · consolidated
218
80
63
1.77
28.7%
Q4 FY26
2026-03-31 · consolidated
146
54
41
1.06
28.2%
Q3 FY26
2025-12-31 · consolidated
153
66
52
1.16
33.7%
Q2 FY26
2025-09-30 · consolidated
149
70
60
1.38
40.3%
Q1 FY26
2025-06-30 · consolidated
183
78
58
1.48
31.9%
Q4 FY25
2025-03-31 · consolidated
294
133
97
2.05
33.1%
Quarterly filings are unaudited unless stated. Consolidated figures are used where the company files both. A single quarter is a noisy thing — the trend across the column is worth more than the top row.
Where the price stands
the same figures every scan on this site is computed from
Trend
Distance from the averages traders watch. Above all of them is a bull phase; below the 200-day is the line most investors use to say otherwise.
Versus 50-day average+3.8%
Versus 200-day average-2.2%
Below 52-week high-33.2%
Above 52-week low+38.5%
Momentum
How hard it has been pushed lately. Above 70 on RSI is stretched, below 30 is washed out — neither is a signal on its own.
RSI (14)60.9
Higher closes in last 53 of 5
Six-month return+0.68%
Risk and liquidity
What a position costs to hold and to exit. Position sizing starts with the daily swing, not with conviction.