NSEGeneral Updates2d ago · 29 Oct 2026, 02:11 pm
General Updates
Man Infraconstruction Limited · MANINFRA
✦ AI Summary▲ PositiveResults
Man Infraconstruction Limited has released an investor presentation for Q2 & H1 FY27, highlighting a 30% YoY revenue growth to ₹484 crore and 21% YoY PAT growth to ₹134.4 crore in H1 FY27. The company also announced an open-market buyback of ₹169 Cr and has already bought back 75.2% of the buyback size.
Analysis Scores
Earnings Impact8/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk1/10
Balance Sheet Risk3/10
Liquidity Impact9/10
Market Sentiment8/10
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Full Announcement
Man Infraconstruction Limited has informed the Exchange about General Updates - Investor Presentation Q2 & H1 FY27 .
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EPC REAL ESTATE
MAN INFRACONSTRUCTION LIMITED
(CIN: L70200MH2002PLC136849)
October 29, 2026
The Listing Department The Corporate Relationship Department
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, Bandra Kurla Complex, Phiroze Jeejeebhoy Towers,
Bandra (E), Mumbai - 400 051, India Dalal Street, Mumbai - 400 001
Symbol: MANINFRA Scrip Code: 533169
Sub.: Man Infraconstruction Limited- "Investor Presentation - Q2 & H1
FY27".
Dear Sir/Madam,
Please find attached "Investor Presentation - Q2 & Hl FY27" for your information and
records. The same shall also be uploaded on the Company's website.
Request you to take the same on your records.
Thanking you,
Yours faithfully,
For Man Infraconstruction Limited
Durgesh Dingankar
Company Secretary
Membership No.: F7007
Encl: As above
L I E B E T T E R
12'" Flom, Krn•hol Comme,clal Complex, G.M. Road, Chembm {weot), Mumbai - 400 089, Ind la •
D +91 22 4246 3999 I DI office@lmaninfra.com I L'1 www.miclgroup.com I www.maninfra.com @~
MAN INFRACONSTRUCTION LIMITED
THE GROWTH
STORY
INVESTOR PRESENTATION – Q2 FY27
November- 2026
SAFE HARBOR
This presentation has been prepared by and is the sole responsibility of Man Infraconstruction Limited (the “Company” / “MICL”). By accessing
this presentation, you are agreeing to be bound by the trailing restrictions.
This presentation does not constitute or form part of any offer or invitation or inducement to sell or issue, or any solicitation of any offer or
recommendation to purchase or subscribe for, any securities of the Company, nor shall it or any part of it or the fact of its distribution form the basis of,
or be relied on in connection with, any contract or commitment thereof. In particular, this presentation is not intended to be a prospectus or offer
document under the applicable laws of any jurisdiction, including India. No representation or warranty, express or implied, is made as to, and no reliance
should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information
and opinions are in all events not current after the date of this presentation.
Certain statements in this presentation describing the Company’s objectives, projections, estimates, expectations or predictions may constitute “forward
looking statements”. Such statements are based on the current expectations and certain assumptions of the Company's Management, and are,
therefore, subject to risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied.
This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any
particular person. The Company neither intends, nor assumes any obligation to amend, modify, revise or update this communication including the
forward looking statements, on the basis of any subsequent developments which differ from those anticipated. The Company may alter, modify or
otherwise change in any manner the content of this presentation, without obligation to notify any person of such change or changes.
MAN INFRACONSTRUCTION LIMITED
CORPORATE OVERVIEW 05
BUSINESS MODEL 12
PERFORMANCE SNAPSHOT 18
COMPANY FINANCIALS 29
THE GROWTH STORY 33
MICL PORTFOLIO 46
MAN INFRACONSTRUCTION LIMITED
M A N A G E M E N T
C O M M E N T A R Y
H1 FY27 was a strong half. Revenue grew 30% YoY to ₹484
crore, and profit after tax (PAT) after minority interest grew
21% YoY to ₹134.4 crore. In Q2, revenue grew 57% YoY to ₹266
crore and PAT grew 14% YoY to ₹62.8 crore.
Our landmark collaboration with Godrej Properties Group
unlocks ₹6,000+ Cr of revenue potential for Marine Lines
project, recoups our ₹300+ crore investment while we also
keep revenue share in the project.
We announced ₹169 Cr open-market buyback on 3rd Sep’26
and have already bought back 75.2% of the buyback size.
Sales were ₹702 crore in H1, with ₹599 crore collected. We
expect new launches to drive our sales momentum in H2.
MAN INFRACONSTRUCTION LIMITED
C H A P T E R
01 CORPORATE
OVERVIEW
MAN INFRACONSTRUCTION LIMITED
C O R P O R A T E T O P
O V E R V I E W M A N A G E M E N T
MR. PARAG SHAH MR. MANAN SHAH MR. VATSAL SHAH
CHAIRMAN & NON-EXECUTIVE DIRECTOR MANAGING DIRECTOR NON-EXECUTIVE DIRECTOR
• 30+ years of solid experience in the construction industry • Founded & scaled MICL Real Estate business • Established MICL Group's presence on the global stage
• Plays the role of Strategic Mentor • Leads strategy, execution and sales growth • Leads strategy, execution and sales growth of USA
C O R P O R A T E W E L L S T R U C T U R E D
O V E R V I E W B O A R D
MR. ASHOK MEHTA DR . KSHITIJA WADATKAR MRS. KAVITA UPADHYAY MR. RAJIV SHETH SIVARAMAKRISHNAN S . IYER
EXECUTIVE DIRECTOR & CFO INDEPENDENT DIRECTOR INDEPENDENT DIRECTOR INDEPENDENT DIRECTOR INDEPENDENT DIRECTOR
• 40+ years of experience both in India • 16+ years experience in high-profile • CA, practicing in the name of Kavita B • 30+ years’ experience across finance, • Specialising in Corporate Finance,
and abroad. banking fraud, anti-corruption and ROC Upadhyay and Associates. accounts, audit, taxation and Debt/Equity Fund Raising, M&A and
matters; founder of a law firm. regulatory compliance Capital Structuring.
• Oversees all finance, accounting, • 10+ years of experience in the field of
taxation, auditing & treasury operations • Advises and guides the Company on Accounting, Direct and Indirect Taxation, • Expertise in financial management, • Advises private investors in India on
legal matters. Transfer Pricing and Tax Compliance. governance, risk, controls and investment opportunities and
strategic planning strategies.
C O R P O R A T E O V E R V I E W B U I L T
M I C L A T A G L A N C E T O L A S T
60+ 60+ 60+
YEARS MILLION SQ. FT. PROJECTS
G R O U P L E G A C Y C O N S T R U C T I O N A R E A D E L I V E R E D D E L I V E R E D
E P C + R E A L E S T A T E E P C + R E A L E S T A T E
MAN INFRACONSTRUCTION LIMITED
C O R P O R A T E O V E R V I E W R E A L E S T A T E
M I C L A T A G L A N C E I N D I A
20/20 6 - 30
DELIVERY
TRACK
RECORD
P R O J E C T S M O N T H S E A R L Y
C O M P L E T E D A C R O S S A L L
B E F O R E S C H E D U L E P R O J E C T S
“Timely Delivery is in our DNA”
MAN INFRACONSTRUCTION LIMITED
C O R P O R A T E O V E R V I E W R E A L E S T A T E
M I C L A T A G L A N C E I N D I A
SALES
VELOCITY
I N V E N T O R Y S O L D P R I O R I N V E N T O R Y S O L D A C R O S S
T O O C A L L C O M P L E T E D
P R O J E C T S
“Buyers don’t wait - they book
before we complete”
MAN INFRACONSTRUCTION LIMITED
C O R P O R A T E O V E R V I E W B A L A N C E
M I C L A T A G L A N C E S H E E T
C O N S O L I D A T E D F I N A N C I A L S A S O N S E P - 2 6
NET DEBT CARE A+
FREE
CREDIT RATING
C O N S O L I D A T E D L E V E L S S T A B L E O U T L O O K
698 CR 1,388 CR
L I Q U I D I T Y I N V E S T E D I N O W N P R O J E C T S
B Y M I C L
MAN INFRACONSTRUCTION LIMITED
C H A P T E R
02 BUSINESS
MODEL
MAN INFRACONSTRUCTION LIMITED
B U S I N E S S M O D E L T H E M I C L
E D G E
TRACK MANAGEMENT
RECORD CONNECT
20/20 DIRECT
WE WIN
PROJECTS DELIVERED SENIOR LEADERSHIP PERSONALLY
BEFORE TIME MEETS EVERY SOCIETY &
LAND
LANDOWNER
WITHOUT
BUYING IT
FINANCIAL DEAL
Four reasons why STRENGTH STRUCTURE
societies and landowners
DM | JV | JDA | SRA
₹698 CR
choose MICL
LIQUIDITY · ASSET-LIGHT · LOWER
consistently.
NET DEBT-FREE UPFRONT LAND COST
MAN INFRACONSTRUCTION LIMITED
B U S I N E S S M O D E L M U L T I P L E
I N C O M E S T R E A M S
EQUITY DM
MARGIN FEE
Subsidiary → Full revenue in P&L Charged as % of GDV
TWO SEGMENTS.
JV → Share of Profit → PAT
MULTIPLE INCOME
STREAMS. E
EPC INTEREST
MARGIN MARGIN
Earns Construction Earns interest on
Margin due to in-house capital deployed in
engineering capabilities the project
*DM Fee = Development Management Fee · PMC = Professional Management & Consultancy
MAN INFRACONSTRUCTION LIMITED
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