Man Infraconstruction Limited · NSE:MANINFRA
Man Infraconstruction — Q1 FY27 Earnings Presentation
65 slides from Man Infraconstruction's earnings presentation, Aug 12, 2026
Slide 1: Exchange filing cover letter
EPC REA L ESTATE MAN INFRACONSTRUCTION LIMITED (CIN: L70200MH2002PLC136849) . August 12, 2026 The Listing Department The Corporate Relationship National Stock Exchange of India Department Limited BSE Limited Exchange Plaza, Bandra Kurla Complex, Phiroze Jeejeebhoy Towers, Bandra (E), Mumbai - 400 05
Slide 2: The Growth Story - Investor Presentation Q1 FY27
MAN INFRACONSTRUCTION LIMITED THE GROWTH STORY INVESTOR PRESENTATION – Q1 FY27 AUGUST - 2026
Slide 3: Safe Harbor
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 i
Slide 4: Index
CORPORATE OVERVIEW 05 BUSINESS MODEL 12 PERFORMANCE SNAPSHOT 18 INDEX COMPANY FINANCIALS 28 THE GROWTH STORY 32 MICL PORTFOLIO 46 3 MAN INFRACONSTRUCTION LIMITED
Slide 5: Management Commentary
MANAGEMENT COMMENTARY Q1 FY27 got off to a strong start. The numbers reflect this momentum - Profit after tax after minority interest was up 29% YoY to ₹71.6 crore, at a 30.5% margin. We delivered Aaradhya Parkwood 2 towers in less than 4 years of time. We launched Marina Vista in Bandra, achieving
Slide 6: Corporate Overview
CHAPTER 01 CORPORATE OVERVIEW 5 MAN INFRACONSTRUCTION LIMITED
Slide 7: Top Management
CORPORATE TOP OVERVIEW MANAGEMENT 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 gl
Slide 8: Well Structured Board
CORPORATE WELL STRUCTURED OVERVIEW BOARD 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 ex
Slide 9: MICL at a Glance
CORPORATE OVERVIEW BUILT MICL AT A GLANCE TO LAST 60+ 60+ 60+ YEARS MILLION SQ. FT. PROJECTS GROUP LEGACY CONSTRUCTION AREA DELIVERED DELIVERED EPC + REAL ESTATE EPC + REAL ESTATE 8 MAN INFRACONSTRUCTION LIMITED
Slide 10: Delivery Track Record
CORPORATE OVERVIEW REAL ESTATE MICL AT A GLANCE INDIA DELIVERY TRACK 20/20 6-30 RECORD PROJECTS MONTHS EARLY COMPLETED ACROSS ALL BEFORE SCHEDULE PROJECTS “Timely Delivery is in our DNA” 9 MAN INFRACONSTRUCTION LIMITED
Slide 11: Sales Velocity
CORPORATE OVERVIEW REAL ESTATE MICL AT A GLANCE INDIA SALES VELOCITY ~90% ~100% INVENTORY SOLD PRIOR INVENTORY SOLD ACROSS TO OC ALL COMPLETED PROJECTS “Buyers don’t wait - they book before we complete” 10 MAN INFRACONSTRUCTION LIMITED
Slide 12: MICL at a Glance - Balance Sheet
CORPORATE OVERVIEW BALANCE MICL AT A GLANCE SHEET CONSOLIDATED FINANCIALS AS ON JUNE-26 NET DEBT CARE A+ FREE CONSOLIDATED LEVELS CREDIT RATING STABLE OUTLOOK ₹767 CR LIQUIDITY ₹1,461 CR INVESTED IN OWN PROJECTS 11 MAN INFRACONSTRUCTION LIMITED
Slide 13: Business Model
CHAPTER 02 BUSINESS MODEL 12 MAN INFRACONSTRUCTION LIMITED
Slide 14: The MICL Edge
BUSINESS MODEL THE MICL EDGE 01 TRACK RECORD 20/20 02 MANAGEMENT CONNECT DIRECT WE WIN PROJECTS DELIVERED BEFORE TIME SENIOR LEADERSHIP PERSONALLY MEETS EVERY SOCIETY & LANDOWNER LAND WITHOUT BUYING IT Four reasons why societies and landowners choose MICL 03 FINANCIAL STRENGTH ₹767 LIQUIDITY · CR 04
Slide 15: Multiple Income Streams
BUSINESS MODEL MULTIPLE INCOME STREAMS 01 EQUITY MARGIN 02 DM FEE Subsidiary→ Full revenue in P&L Charged as % of GDV TWO SEGMENTS. JV → Share of Profit → PAT MULTIPLE INCOME REAL ESTATE STREAMS. PROJECTS 03 EPC MARGIN 04 INTEREST MARGIN Earns Construction Earns interest on Margin due to in-house ca
Slide 16: How We Earn - India Projects
BUSINESS MODEL HOW WE EARN — INDIA REVENUE RECOGNITION PROJECT BY PROJECT RESIDENTIAL ✓ Full revenue in books (Subsidiary) DM = DM Fee only → direct PBT JV = Share of Profit only (not in revenue) MICL Group’s Carpet Area* GDV** Sales / Project Name Location Model Equity Margin EPC Margin PMC Margin
Slide 17: How We Earn - Global Projects
BUSINESS MODEL HOW WE EARN — MICL REVENUE RECOGNITION PROJECT BY PROJECT GLOBAL MICL Group’s Carpet Area* GDV Project Name Location Type Units Stake (Lakh sq. ft.) ($ Mn) ONGOING PROJECTS Miami Beach, Ultra Luxury 1250 West Avenue 7.7% 100+ ~3.63 1,000+ Florida, USA Waterfront residences The Ritz-Ca
Slide 18: EPC Portfolio: Executing at Scale
BUSINESS MODEL EPC PORTFOLIO EXECUTING AT SCALE Port infrastructure to industrial, civil & residential 350+ Hectares* (~35 Mn sq. ft.) High-Rise Residential EPC of Port works completed EPC contractor for complex multi-tower residential projects: Major ports across India — - High-rise & mass housing
Slide 19: Q1 FY27 Performance Snapshot
CHAPTER 03 Q1 FY27 PERFORMANCE SNAPSHOT 18 MAN INFRACONSTRUCTION LIMITED
Slide 20: Timely Delivery: Aaradhya Parkwood
Q1 FY27 TIMELY PERFORMANCE SNAPSHOT DELIVERY Delivering Excellence ahead of schedule 5.3 L SQ.FT. ₹925+ CR 90%+ CARPET AREA GDV SOLD 1 Basement + 2 Podium + 35 floors | 4 Towers CONFIGURATION 1 & 2 Bed Residences YEAR OF LAUNCH YEAR OF COMPLETION SEP 2022 JUN 2026 45 * MONTHS DELIVERY TIME *For Towe
Slide 21: New Launch: Marina Vista
Q1 FY27 NEW PERFORMANCE SNAPSHOT LAUNCH Launches ultra-luxury project – Marina Vista Pali Hill, Bandra West, Mumbai 0.6 L SQ.FT. ₹500+ CR 34% Stake CARPET AREA GDV MICL Group 30% PRE-SALES COMMITMENT ACHIEVED ON LAUNCH 20 Marina Vista, Pali Hill — Artist Impression MAN INFRACONSTRUCTION LIMITED
Slide 22: New Development: Berkeley House
Q1 FY27 NEW PERFORMANCE SNAPSHOT DEVELOPMENT Secured IOA for an ultra-luxury sea-view development - Berkeley House Off Bandstand Rs. 1,000+ Cr Bandra West, Mumbai GDV Potential ~1.0 L sq. ft. Carpet area ~70% Stake Project Details: Positioning: Branded as ‘Berkeley House’, within the MS Collection R
Slide 23: Q1 FY27 at a Glance
Q1 FY27 AT A PERFORMANCE SNAPSHOT GLANCE CARPET AREA SOLD SALES VALUE COLLECTIONS 0.9 LAKH ₹290 CR ₹244 CR SQ. FT. 22 MAN INFRACONSTRUCTION LIMITED
Slide 24: Ongoing Real Estate Projects
Q1 FY27 REAL ONGOING PERFORMANCE SNAPSHOT ESTATE PROJECTS As on June-26 · All projects in Mumbai, MMR Total Area Sold in Area sold as on Area MICL Group Date of Sr. No. Project Name Location Type Model Carpet area Q1 FY27 Jun-26 Unsold Stake Completion$ (L Sq. ft.)* (L Sq. ft.) (L Sq. ft.) (L Sq. ft
Slide 25: Upcoming Real Estate Projects
Q1 FY27 REAL UPCOMING PERFORMANCE SNAPSHOT ESTATE PROJECTS As on June-26 · All projects in Mumbai, MMR MICL Group Total Carpet area Date of Sr. No. Project Name Location Type Model Status Stake (L Sq. ft.)* expected Launch 1 Marine Lines$ Marine Lines 100.0% Residential DM 6.21 Construction commence
Slide 26: Completed Real Estate Projects
Q1 FY27 REAL COMPLETED PERFORMANCE SNAPSHOT ESTATE PROJECTS As on June-26 · All projects in Mumbai, MMR Carpet Area Construction Sr. Carpet Area * Carpet Area Completion Project Name Location Model Sold Area Storeys Sale Towers Cons. Time Early by No. (L sq. ft.) Unsold (L sq. ft.) Timeline (L sq. f
Slide 27: Infra EPC Status: Bharat Mumbai Container Terminal
Q1 FY27 INFRA ORDER EPC PERFORMANCE SNAPSHOT STATUS 2022- 2026 BHARAT MUMBAI ₹ 1,800+ Cr CONTAINER TERMINAL — TERMINAL 4 CONTRACT VALUE PSA 95%+ EXECUTED JNPT, MUMBAI As on Jun -26 110 Hectares 26 27 MAN INFRACONSTRUCTION LIMITED
Slide 28: EPC Order Book
Q1 FY27 ORDER EPC PERFORMANCE SNAPSHOT BOOK ₹305 Cr Infra Projects EPC ORDER BOOK As on Jun-26 EPC: BMCT Project at Nhava Sheva PMC: Trident Agro Infra Projects – Residential 110+ Hectares 39% PMC contracts 61% Aaradhya Avaan (Tardeo), JadePark (Vile Parle) Atmosphere Tower G (Mulund) Residential –
Slide 29: Company Financials
CHAPTER 04 COMPANY FINANCIALS 28 MAN INFRACONSTRUCTION LIMITED
Slide 30: Q1 FY27 Consolidated Financial Highlights
Q1 FY27 CONSOLIDATED COMPANY FINANCIALS FINANCIAL HIGHLIGHTS Strong Start to FY27 with Accelerating Earnings Momentum Particulars (Rs. Cr) Q1 FY27 Q4 FY26 Q1 FY26 FY26 Revenue from operations 218.3 167.3 202.9 714.7 Real Estate 136.8 97.3 101.4 413.6 EPC 81.5 69.9 101.5 301.1 Other Income 16.6 19.6
Slide 31: Consolidated Balance Sheet Highlights
Q1 FY27 CONSOLIDATED BALANCE AS ON COMPANY FINANCIALS SHEET HIGHLIGHTS JUNE-2026 ₹2,410 Cr ₹78 Cr ₹767 Cr Total Borrowings Cash & Cash Equivalents Total Equity Secured + Other Incl. NCI Particulars (₹ Cr) As on Jun-26 As on Mar-26 Equity Share Capital 80.7 80.7 Other Equity 2,227.7 2,185.7 Equity at
Slide 32: Standalone Financial Highlights
Q1 FY27 STANDALONE FINANCIAL COMPANY FINANCIALS HIGHLIGHTS Particulars (Rs. Cr) Q1 FY27 Q4 FY26 Q1 FY26 FY26 Revenue from operations 102.7 87.5 117.5 366.4 Other Income 11.6 12.8 32.2 71.3 Total Income 114.3 100.3 149.7 437.8 Total Expense 31.7 51.4 72.6 223.0 EBITDA excluding Other Income 71.0 36.1
Slide 33: The Growth Story
CHAPTER 05 THE GROWTH STORY 32 MAN INFRACONSTRUCTION LIMITED
Slide 34: MAN INFRACONSTRUCTION LIMITED
33 MAN INFRACONSTRUCTION LIMITED
Slide 35: Real Estate: The Masterpieces
THE GROWTH STORY REAL ESTATE THE MASTER- PIECES Pali Hill, Vile Parle West BKC Marine Lines, Tardeo, Tardeo, Mulund West Off Bandstand, Juhu 60 Feet, Near Dahisar Bandra West Bandra East South Mumbai South Mumbai South Mumbai Bandra West Ghatkopar East 34 MAN INFRACONSTRUCTION LIMITED
Slide 36: Launch Pipeline
THE GROWTH LAUNCH STORY PIPELINE FY27 FY27 MICL’S LARGEST- EVER 01 LAUNCHES GDV 02 LAUNCH PIPELINE LAUNCH PHASE ₹6,600+ CR ~11.0 Lakh Sq. Ft. Pali Hill, Bandra GDV ₹500+ Cr Mulund GDV ₹50+ Cr Marine Lines GDV ₹3,100+ Cr Tardeo GDV ₹2,000+ Cr Bandstand, Bandra GDV ₹1,000+ Cr 35 Carpet Area in Lakh (L
Slide 37: Delivery Pipeline: Ongoing Projects
THE GROWTH DELIVERY STORY PIPELINE ONGOING PROJECTS AARADHYA AARADHYA ATMOSPHERE TOWER G 1.0+ MILLION PARKWOOD ONEPARK NEAR DAHISAR GHATKOPAR - EAST MULUND - WEST SQ.FT. Carpet Area Delivery Tower C & D JUN 2026 ~90% Tower A & B ~60% MAR ~70% DEC Planned in the next SOLD DEC 2027 SOLD 2027 SOLD 2027
Slide 38: Sales Pipeline: Combined Sales Target
THE GROWTH SALES STORY PIPELINE SCALE.MOMENTUM.AMBITION THE NEXT CHAPTER BEGINS ₹5,000+ CR COMBINED SALES TARGET OVER THE NEXT TWO YEARS – FY27 & FY28 37 Sales Target is indicative and subject to change MAN INFRACONSTRUCTION LIMITED
Slide 39: Vision 2031
VISION 2031 “WE BELIEVE MICL IS ENTERING ITS NEXT PHASE OF GROWTH. WHAT’S COMING WILL REDEFINE THE COMPANY.” MR. MANAN SHAH Managing Director Man Infraconstruction Limited 38 *Estimated ^GDV – Gross Development Value MAN INFRACONSTRUCTION LIMITED
Slide 40: Portfolio GDV to Double
THE GROWTH REAL ESTATE ONGOING & STORY INDIA UPCOMING PROJECTS 2X FROM CURRENT ESTIMATED PORTFOLIO GDV OF ₹18,125+ CR 39 *Estimated ^GDV – Gross Development Value MAN INFRACONSTRUCTION LIMITED
Slide 41: Our Ambition: GDV by 2031
THE GROWTH REAL ESTATE ONGOING & STORY INDIA UPCOMING PROJECTS OUR AMBITION IS CLEAR ₹35,000 + Cr * GDV^ BY 2031 40 *Estimated ^GDV – Gross Development Value MAN INFRACONSTRUCTION LIMITED
Slide 42: Global Opportunity
GLOBAL OPPORTUNITY 41 MAN INFRACONSTRUCTION LIMITED
Slide 43: Global Portfolio - Miami
THE GROWTH REAL ESTATE MIAMI STORY INTERNATIONAL FLORIDA, USA GLOBAL PORTFOLIO 1250 West Botanic Tigertail Shipping Avenue Avenue Residences Villa Townhomes Miami Beach, Florida Miami, Florida Miami, Florida Miami, Florida 42 MAN INFRACONSTRUCTION LIMITED
Slide 44: Miami Global Portfolio Summary
THE GROWTH REAL ESTATE STORY INTERNATIONAL MIAMI FLORIDA $ 1.4 BN ~6.4 LAKH 236+ USA GROSS SQ.FT. UNIT DEVELOPMENT VALUE CARPET AREA INVENTORY GLOBAL PORTFOLIO Waterfront residences, Apartments and Villas 43 MAN INFRACONSTRUCTION LIMITED
Slide 45: Featured
FEATURED 44 MAN INFRACONSTRUCTION LIMITED
Slide 46: Awards & Recognition
ET NOW REALTY CONCLAVE TIMES REAL ESTATE & AWARDS 2026 CONCLAVE 2025 Iconic Developer Iconic Developer of the Year of the Year Luxury Project of the Year AWARDS & RECOGNITION MCHI CONSTRUCTION CREDAI MCHI EXCELLENCE AWARDS 2025 40+ 2026 The Builders of Rising Star - AWARDS & Legacy & Next Gen Dreams
Slide 47: MICL Portfolio
MICL PORTFOLIO 46 MAN INFRACONSTRUCTION LIMITED
Slide 48: Upcoming Projects
UPCOMING PROJECTS SHAPING TOMORROW, BUILDING BEYOND IMAGINATION 47
Slide 49: Marine Lines
UPCOMING RESIDENTIAL GDV MARINE LINES CARPET AREA South Mumbai 6.2 LAKH ₹3,100+ SQ.FT. CRORES AI-generated image. 48
Slide 50: Off-Bandstand
UPCOMING RESIDENTIAL GDV OFF-BANDSTAND CARPET AREA Bandra West 1.0 LAKH ₹1,000+ SQ.FT. CRORES AI-generated image. 49
Slide 51: Tardeo 2.0
UPCOMING RESIDENTIAL GDV TARDEO 2.O CARPET AREA Tardeo, South Mumbai 3.0 LAKH ₹2,000+ SQ.FT. CRORES AI-generated image. 50
Slide 52: Ongoing Projects
ONGOING PROJECTS A PRESENT-DAY LEGACY IN THE MAKING 51
Slide 53: Pali Hill, Bandra West
ONGOING PROJECTS RESIDENTIAL CARPET AREA GDV Pali Hill, Bandra West 0.6 LAKH XXXXLAKH ₹500+ SQ.FT. CRORES Artistic Impression 52
Slide 54: Tardeo, South Mumbai
ONGOING PROJECTS RESIDENTIAL CARPET AREA GDV 6.5 LAKH ₹3,000+ SQ.FT. CRORES TARDEO, SOUTH MUMBAI Artistic Impression 53
Slide 55: Tower A & B
ONGOING PROJECTS RESIDENTIAL CARPET AREA GDV 2.3 LAKH ₹425+ SQ.FT. CRORES TOWER A & B 54
Slide 56: Ongoing Project: 4.3 Lakh Sq. Ft.
ONGOING PROJECTS RESIDENTIAL CARPET AREA GDV 4.3 LAKH ₹1,200+ SQ.FT. CRORES 55
Slide 57: BKC, Bandra
ONGOING PROJECTS RESIDENTIAL ONGOING PROJECTS RESIDENTIAL CARPET AREA GDV 1.6 LAKH ₹850+ SQ.FT. CRORES BKC, BANDRA 56
Slide 58: Ongoing Project: 3.5 Lakh Sq. Ft.
ONGOING PROJECTS RESIDENTIAL CARPET AREA GDV 3.5 LAKH ₹1,200+ SQ.FT. CRORES 57
Slide 59: The Global Portfolio
THE GLOBAL PORTFOLIO MIAMI, FLORIDA USA
Slide 60: Ongoing Project: 2.2 Lakh Sq. Ft.
ONGOING PROJECTS RESIDENTIAL CARPET AREA GDV 2.2 LAKH USD 350+ SQ.FT. MN
Slide 61: 1250 West Avenue, Miami Beach
ONGOING PROJECTS RESIDENTIAL CARPET AREA GDV 1250 West Avenue 3.6 LAKH USD 1.0+ Miami Beach, Florida SQ.FT. BN
Slide 62: Botanic Residences, Miami
ONGOING PROJECTS RESIDENTIAL CARPET AREA GDV Botanic Residences 0.4 LAKH USD 30+ Miami, Florida SQ.FT. MN
Slide 63: Tigertail Villa, Miami
ONGOING PROJECTS RESIDENTIAL CARPET AREA GDV Tigertail Villa Miami, Florida 0.1 LAKH USD 12+ SQ.FT. MN
Slide 64: Shipping Avenue Townhomes
COMPLETED RESIDENTIAL Shipping Avenue Townhomes Miami, Florida
Slide 65: Thank You
MAN INFRACONSTRUCTION LIMITED THANK YOU INVESTOR RELATIONS Company : MICL Go India Advisors Name : Mr. Yashesh Parekh Name : Mr. Rajat Gupta Email : Yashesh@maninfra.com Email : rajat@goindiaadvisors.com
Man Infraconstruction — Q1 FY27 Earnings Presentation on 6ix