Manav infra projects (NSE:MANAV) Shares Outstanding (Basic Average): 13.2 Mil (As of Mar. 2026)


NSE:MANAV Manav infra projects Ltd NSE:MANAV
71 GF Score
Price ₹39.25
GF Value ₹28.52
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Manav infra projects Shares Outstanding (Basic Average)?

Manav infra projects NSE:MANAV 71 Shares Outstanding (Basic Average) is 13.2 Mil as of Mar. 2026. GuruFocus rates NSE:MANAV with a GF Score™ of 71/100 and a GF Value™ of ₹28.52 (Significantly Overvalued). The stock has 3 warning signs investors should review.

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Manav infra projects's average basic shares outstanding for the quarter that ended in Mar. 2026 was 13.2 Mil.

Manav infra projects  (NSE:MANAV) Shares Outstanding (Basic Average) Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

Be Aware

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.

Manav infra projects Shares Outstanding (Basic Average) Related Terms

Manav infra projects Shares Outstanding (Basic Average) Historical Data

* Premium members only.

The historical data trend for Manav infra projects's Shares Outstanding (Basic Average) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Manav infra projects Shares Outstanding (Basic Average) Chart

Manav infra projects Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Shares Outstanding (Basic Average)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.95 7.95 5.88 13.16 13.16

Manav infra projects Semi-Annual Data
Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Shares Outstanding (Basic Average) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.95 7.95 5.88 13.16 13.16
NSE:MANAV
71GF Score
Manav infra projects Ltd NSE:MANAV
Shares Outstanding (Basic Average) is just one metric. See GF Score™, valuation, warning signs, and more.
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Manav infra projects Shares Outstanding (Basic Average) Calculation

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.

What does a Shares Outstanding (Basic Average) of 13.2 Mil mean?
Manav infra projects (NSE:MANAV) has a Shares Outstanding (Basic Average) of 13.2 Mil as of Mar. 2026. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Manav infra projects and its competitors.
Is Manav infra projects' Shares Outstanding (Basic Average) too high?
Manav infra projects' current Shares Outstanding (Basic Average) is 13.2 Mil. Overall, Manav infra projects has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Manav infra projects' Shares Outstanding (Basic Average) compare to PWR and FIX?
Manav infra projects' Shares Outstanding (Basic Average) of 13.2 Mil can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (Basic Average) for a Construction company?
A good Shares Outstanding (Basic Average) depends on the Construction industry context. However, Shares Outstanding (Basic Average) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (Basic Average) mean?
A high Shares Outstanding (Basic Average) can signal that a stock is expensive relative to its fundamentals. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Manav infra projects and its competitors. Manav infra projects's current Shares Outstanding (Basic Average) is 13.2 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manav infra projects stock overvalued right now?
Based on GuruFocus' analysis, Manav infra projects (NSE:MANAV) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹28.52, compared to a current price of ₹39.25 — trading 37.6% above its estimated fair value. The current Shares Outstanding (Basic Average) is 13.2 Mil. Manav infra projects' overall GF Score™ is 71/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (Basic Average) calculated?
Shares Outstanding (Basic Average) is calculated from a company's financial statements. For Manav infra projects (NSE:MANAV), the current Shares Outstanding (Basic Average) is 13.2 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Manav infra projects (NSE:MANAV) Overvalued in 2026?

Based on GuruFocus' analysis, Manav infra projects stock appears to be overvalued. The current stock price of ₹39.25 is trading 37.6% above its estimated GF Value™ of ₹28.52. GuruFocus considers Manav infra projects to be Significantly Overvalued.

Key valuation signals for NSE:MANAV:

  • Shares Outstanding (Basic Average): 13.2 Mil
  • GF Value™: ₹28.52 vs. price of ₹39.25 (37.6% above fair value)
  • GF Score™: 71/100 with 3 warning signs

No single metric tells the full story. See the NSE:MANAV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Manav infra projects Business Description

Address Akurli Road, 226, Gundecha Industrial - Complex, Near Growels Mall, Kandivali (East), Mumbai, MH, IND, 400101
Manav infra projects Ltd is s engaged in infrastructure Development, Infrastructure projects, works Contracts, Site preparation and Clearance services to Real estate sector. It involves civil construction services such as piling, excavation, road construction, land leveling. It also provides earth moving machines and construction equipment on rent for infrastructure and construction-related work. Some of the company's projects include Sevens Sagbag, Aroha, HDIL Commercial Basement Work and others.
71GF Score

Get the complete analysis for NSE:MANAV

Shares Outstanding (Basic Average) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹39.25
Price
₹28.52
GF Value