MANAV
MANAV financials
- Market cap
- ₹54 Cr
- Sector
- Construction
Quarterly results
Q4 FY26: revenue up 265.1%, net profit up 237.4% against the same quarter last year.
| Line item | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4 | 9 | 6 | 9 | 6 +44% | 18 +112% | 9 +71% | 32 +265% |
| EBITDA | -0 | 4 | 1 | 2 | 1 +1238% | 4 +3% | 1 +17% | 6 +141% |
| Net profit | -1 | 2 | 0 | 1 | 0 +118% | 3 +65% | 0 +356% | 4 +237% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +158.7% 1Y
1Y: ₹15.75 on 16 Sept 2025 → ₹40.75. High ₹46.6 (27 May 2026), low ₹15.75 (16 Sept 2025).
Balance sheet
| Year ending | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | ₹7 Cr | ₹7 Cr | ₹7 Cr | ₹7 Cr | ₹13 Cr | ₹13 Cr |
| Reserves | ₹-7 Cr | ₹-11 Cr | ₹-10 Cr | ₹-9 Cr | ₹-5 Cr | ₹-1 Cr |
| Borrowings | ₹11 Cr | ₹12 Cr | ₹10 Cr | ₹9 Cr | ₹7 Cr | ₹6 Cr |
| Other liabilities | ₹3 Cr | ₹2 Cr | ₹3 Cr | ₹4 Cr | ₹6 Cr | ₹6 Cr |
| Total liabilities | ₹14 Cr | ₹10 Cr | ₹10 Cr | ₹11 Cr | ₹22 Cr | ₹24 Cr |
| Fixed assets | ₹4 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹3 Cr | ₹7 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr |
| Other assets | ₹10 Cr | ₹8 Cr | ₹8 Cr | ₹9 Cr | ₹18 Cr | ₹16 Cr |
| Total assets | ₹14 Cr | ₹10 Cr | ₹10 Cr | ₹11 Cr | ₹22 Cr | ₹24 Cr |
How to read this
As filed on each reporting date, including interim balance sheets. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2026
The ownership split has held steady since Mar 2025. The shareholder count shrank 17% to 197.
- Promoters
- 68.8%
- Public
- 31.2%
Since Mar 2025
- Promoters 0.00 pp
- Public 0.00 pp
How it drifted, 12 quarters
Over this window promoters fell from 73.1% to 68.8% — −4.3 pp.
Ownership split by quarter, oldest first. Sep '20: Promoters 73.1%, Public 26.9%.Mar '21: Promoters 73.1%, Public 26.9%.Sep '21: Promoters 73.1%, Public 26.9%.Mar '22: Promoters 73.1%, Public 26.9%.Sep '22: Promoters 73.1%, Public 26.9%.Mar '23: Promoters 73.1%, Public 26.9%.Sep '23: Promoters 73.1%, Public 26.9%.Mar '24: Promoters 73.1%, Public 26.9%.Sep '24: Promoters 73.1%, Public 26.9%.Mar '25: Promoters 68.8%, Public 31.2%.Sep '25: Promoters 68.8%, Public 31.2%.Mar '26: Promoters 68.8%, Public 31.2%.
Who bought this quarter
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Ajesh Dalal +2.07 pp 12.07% held
The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of MANAV above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Mahendra Narayan Raju | 57.42% | unchanged |
| Ajesh Dalal | 12.07% | +2.07 pp |
| Mahalakshmi M Raju | 5.71% | unchanged |
| Rajamma Narayan Gadhraju | 5.71% | unchanged |
| Ashish P Soni | 4.59% | unchanged |
| Agrawal Saroj Vinodkumar | 1.95% | −0.15 pp |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse MANAV
Guides on how to read this kind of business and the numbers that matter.