Manav infra projectsNSE:MANAV 74 WACC % is 10.73% as of Jul. 04, 2026, which is 15% below its 10-year median of 12.55. GuruFocus rates NSE:MANAV with a GF Score™ of 74/100 and a GF Value™ of ₹28.67 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,803 Construction companies, Manav infra projects ranks worse than 81.81% on this metric.
As of today (2026-07-04), Manav infra projects's weighted average cost of capital is 10.73%%. Manav infra projects's ROIC % is 33.14% (calculated using TTM income statement data).
Manav infra projects generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
For a comprehensive WACC calculation, please access the WACC Calculator.
Manav infra projects (NSE:MANAV) WACC % Explanation
Because it costs money to raise capital. A firm that generates higher ROIC % than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, Manav infra projects's weighted average cost of capital is 10.73%%. Manav infra projects's ROIC % is 33.14% (calculated using TTM income statement data).
Manav infra projects generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
Be Aware
1. GuruFocus uses book value of debt (D) to do the calculation. It is simplified by adding latest one-year annual average Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation together.
For companies that report quarterly, GuruFocus combines all of the most recent year's quarterly debt data from the beginning of the year to the year-end and calculates the average.
For companies that report semi-annually, GuruFocus combines all of the most recent year's semi-annual debt data from the start of the year to the year-end and calculates the average.
For companies that report annually, GuruFocus combines the beginning and ending annual debt data from the most recent year and then calculates the average.
2. The WACC formula discussed above does not include Preferred Stock. Please adjust if preferred stock is considered.
3. (Expected Return of the Market - Risk-Free Rate of Return) is also called market premium. GuruFocus requires market premium to be 6%.
4. GuruFocus uses the latest annual Interest Expense divided by the latest one-year annual average debt to get the simplified cost of debt.
* 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.
For the Engineering & Construction subindustry, Manav infra projects's WACC %, along with its competitors' market caps and WACC % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Manav infra projects WACC % vs Construction Industry
For the Construction industry and Industrials sector, Manav infra projects's WACC % distribution charts can be found below:
* The bar in red indicates where Manav infra projects's WACC % falls into.
The weighted average cost of capital (WACC) is the rate that a company is expected to pay on average to all its security holders to finance its assets. The WACC is commonly referred to as the firm's cost of capital. Generally speaking, a company's assets are financed by debt and equity. WACC is the average of the costs of these sources of financing, each of which is weighted by its respective use in the given situation. By taking a weighted average, we can see how much interest the company has to pay for every dollar it finances.
WACC
=
E
/
(E + D)
*
Cost of Equity
+
D
/
(E + D)
*
Cost of Debt
*
(1 - Tax Rate)
1. Weights:
Generally speaking, a company's assets are financed by debt and equity. We need to calculate the weight of equity and the weight of debt.
The market value of equity (E) is also called "Market Cap". As of today, Manav infra projects's market capitalization (E) is ₹457.310 Mil.
The market value of debt is typically difficult to calculate, therefore, GuruFocus uses book value of debt (D) to do the calculation. It is simplified by adding the latest one-year annual average Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation together. As of Mar. 2026, Manav infra projects's latest one-year annual average Book Value of Debt (D) is ₹65.0085 Mil.
a) weight of equity = E / (E + D) = 457.310 / (457.310 + 65.0085) = 0.8755
b) weight of debt = D / (E + D) = 65.0085 / (457.310 + 65.0085) = 0.1245
2. Cost of Equity:
GuruFocus uses Capital Asset Pricing Model (CAPM) to calculate the required rate of return. The formula is:
Cost of Equity = Risk-Free Rate of Return + Beta of Asset * (Expected Return of the Market - Risk-Free Rate of Return)
a) GuruFocus uses 10-Year Treasury Constant Maturity Rate as the risk-free rate. It is updated daily. The current risk-free rate is 7.02%. Please go to Economic Indicators page for more information. Please note that we use the 10-Year Treasury Constant Maturity Rate of the country/region where the company is headquartered. If the data for that country/region is not available, then we will use the 10-Year Treasury Constant Maturity Rate of the United States as default.
b) Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. Manav infra projects's beta is 0.5861.
c) (Expected Return of the Market - Risk-Free Rate of Return) is also called market premium. GuruFocus requires market premium to be 6%.
Cost of Equity = 7.02% + 0.5861 * 6% = 10.5366%
3. Cost of Debt:
GuruFocus uses latest annual Interest Expense divided by the latest one-year annual average debt to get the simplified cost of debt.
As of Mar. 2026, Manav infra projects's interest expense (positive number) was ₹9.006 Mil. Its total Book Value of Debt (D) is ₹65.0085 Mil.
Cost of Debt = 9.006 / 65.0085 = 13.8536%.
4. Multiply by one minus annual Tax Rate:
GuruFocus uses the most recent annual Tax Expense divided by the most recent annual Pre-Tax Income to calculate the tax rate. The calculated annual tax rate is limited to between 0% and 100%. If the calculated tax rate is higher than 100%, it is set to 100%. If the calculated tax rate is less than 0%, it is set to 0%.
The latest calculated annual Tax Rate = 5.962 / 46.217 = 12.9%.
Manav infra projects's Weighted Average Cost Of Capital (WACC) for Today is calculated as:
WACC
=
E / (E + D)
*
Cost of Equity
+
D / (E + D)
*
Cost of Debt
*
(1 - Tax Rate)
=
0.8755
*
10.5366%
+
0.1245
*
13.8536%
*
(1 - 12.9%)
=
10.73%
* 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 (NSE:MANAV) has a WACC % of 10.73% as of Jul. 04, 2026. The weighted average cost of capital (WACC) is the average rate a company pays to finance assets. View historical data on Manav infra projects and its competitors. This is 15% below median its historical median of 12.55. Over the past decade, Manav infra projects' WACC % has ranged from 8.06 to 29.09. According to the industry distribution chart, Manav infra projects ranks #1475 out of 1803 companies in the Construction industry, placing it in the top 81.8%.
Is Manav infra projects' WACC % too high?
Manav infra projects' current WACC % of 10.73% is 15% below median its 10-year median of 12.55. Over the past 10 years, this metric has ranged from a low of 8.06 to a high of 29.09. The Construction industry median WACC % is 7.68. Manav infra projects' value of 10.73% is 39.7% above this industry median. Based on the distribution chart, Manav infra projects ranks #1475 out of 1803 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Manav infra projects has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Manav infra projects' WACC % compare to PWR and FIX?
According to the Construction industry distribution chart, Manav infra projects ranks #1475 out of 1803 companies for WACC %. This places Manav infra projects in the lower half of its industry. The industry median WACC % is 7.68. Manav infra projects' value of 10.73% is 39.7% above this benchmark. Historically, Manav infra projects' own WACC % has ranged from 8.06 to 29.09 over the past decade. While the company's 10-year median is 12.55 vs. the industry median of 7.68, Manav infra projects has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good WACC % for a Construction company?
The median WACC % among Construction companies is 7.68, based on 1,803 companies in the industry. Companies in the top quartile (top 25%) have a WACC % significantly above this median, while those in the bottom quartile fall well below. However, WACC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Manav infra projects's current WACC % of 10.73% is 39.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high WACC % mean?
A high WACC % can signal that a stock is expensive relative to its fundamentals. The weighted average cost of capital (WACC) is the average rate a company pays to finance assets. View historical data on Manav infra projects and its competitors. For the Construction industry, the median WACC % is 7.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manav infra projects's current WACC % is 10.73%, which is 15% below median its own 10-year median of 12.55. 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 Modestly Overvalued. The stock's GF Value™ is ₹28.67, compared to a current price of ₹34.75 — trading 21.2% above its estimated fair value. The current WACC % is 10.73%, which is 15% below median its 10-year median of 12.55 and 39.7% above the Construction industry median of 7.68. Manav infra projects' overall GF Score™ is 74/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is WACC % calculated?
WACC % is calculated from a company's financial statements. For Manav infra projects (NSE:MANAV), the current WACC % is 10.73% as of Jul. 04, 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 ₹34.75 is trading 21.2% above its estimated GF Value™ of ₹28.67.
GuruFocus considers Manav infra projects to be Modestly Overvalued.
Key valuation signals for NSE:MANAV:
WACC %: 10.73% (15% below median its 10-year median of 12.55)
GF Value™: ₹28.67 vs. price of ₹34.75 (21.2% above fair value)
Industry Position: 39.7% above the Construction median (#1475 of 1803)
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 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.
74GF Score
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