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Man Infraconstruction Ltd share Price Today

Company details

201.11
206.49
108.15
249.30
6M Return 3.13%
1Y Return 77.74%
Mkt Cap.(Cr) 7,519.30
Volume 748,338
Div Yield 0.27%
OI
-
OI Chg %
-
Volume 748,338

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Construction & Engineering company Man Infraconstruction announced Q1FY24 results:

  • Revenue from operations saw strong growth of 45% YoY to Rs 510 crore compared to Rs 352 crore in Q1FY23
  • Total Income also grew by 45% to Rs 524 crore compared to Rs 360 crore in Q1FY23
  • EBITDA grew by 63% YoY to Rs 109 crore compared to Rs 67 crore in Q1FY23
  • Net profit jumped by 112% YoY to Rs 82 crore compared to Rs 38.9 crore in Q1FY23
  • MICL Group added another Ultra-Luxurious Residential Project with a saleable carpet area of ~4.0 lakh sq. ft. in Ghatkopar East, Mumbai
  • Bags another significant size EPC order worth Rs 680 crore (inclusive of GST) from BMCT (PSA Group) for pavement work on the reclaimed earth on the execution of Phase II Infrastructure Works at the Fourth Container Terminal of JNPT

Commenting on the Q1FY24 results, Manan Shah, Managing Director of Man Infraconstruction, said, "We are very excited to bag another port order from BMCT (PSA group) which will strengthen our EPC order book. We are also proud of the latest addition to our real estate portfolio of an ultra-luxurious residential project in Ghatkopar East, Mumbai – a grandiose development that epitomizes elegance and exclusivity. This acquisition is in line with our asset-light strategy. There is good demand for premium lifestyle homes and luxury residential apartments in the MMR region in which we operate and we continue to focus to cater these markets through our upcoming projects and projects in the pipeline. With new project launches planned in the second half of the financial year, we expect to end the year on a strong note as we continue to look out for future growth opportunities.”

 

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Man Infraconstruction Ltd shares SWOT Analysis

Strengths (8)

  • Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
  • Company with Low Debt
  • Increasing Revenue every quarter for the past 2 quarters

Weakness (4)

  • Inefficient use of shareholder funds - ROE declining in the last 2 years
  • Decline in Quarterly Net Profit (YoY)
  • Degrowth in Quarterly Revenue and Profit in Recent Results(YoY)

Opportunity (0)

Data not found

Threats (1)

  • Increasing Trend in Non-Core Income

Resistance and support

R1 205.7
R2 208.8
R3 211.0
Pivot

203.38

S1 200.3
S2 198.0
S3 194.9
EMA SMA
197.9
200.3
200.2
186.3
195.3
201.7
207.9
191.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-11-23 177.47 2857490 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2023-11-23 177.61 2857490 NSE
SOCIETE GENERALE Bulk Purchase 2023-06-12 102 3931744 BSE
Name Category Shares
Parag K Shah PROMOTER 35.35%
Mansi Parag Shah PROMOTER 15.98%
Manan Parag Shah PROMOTER 5.76%
Parag Kishore Shah Huf PROMOTER 3.34%
Dhruvi Manan Shah PROMOTER 0.57%
Vatsal Parag Shah PROMOTER 6.25%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
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Man Infraconstruction Ltd Stocks COMPARISON

Financials( in Cr) Man Infraconstruction Ltd Macrotech Developers Ltd NCC Ltd Mahindra Lifespace Developers Ltd National Standard (India) Ltd
Price 202.54 1,594.80 323.70 621.40 4,778.00
% Change 1.14 0.69 -0.80 -1.44 0.34
Mcap Cr 7,519.30 158,595.84 20,323.41 9,632.32 9,556.00
Revenue TTM Cr 1,890.35 9,470.40 15,553.41 606.61 17.35
Net Profit TTM Cr 288.96 489.50 646.21 102.83 8.25
PE TTM 25.02 97.44 27.68 97.93 0.00
1 Year Return 77.74 149.77 164.35 35.41 -2.56
ROCE 33.26 8.82 19.70 1.69 5.02
ROE 29.65 10.57 10.98 1.42 3.43
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,089.38 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 37,632.06 8,630.44
LAST 3M 107,380.98 -14,987.35
LAST 6M 184,073.87 -1,796.10
LAST 12M 295,969.92 99,991.16

Man Infraconstruction Ltd Information

Stock PE (TTM)
25.02
Promoter Holding
67.31%
Book Value
39.4192
ROCE
33.26%
ROE
29.65%
Description
  • Man Infraconstruction Ltd (MICL) was incorporated on August 16, 2002 as a Private Limited Company with the name `Man Construction Pvt Ltd.` The Company converted into a Public Limited Company and its name was changed to Man Construction Ltd on July 15, 2004. Headquartered in Mumbai, the Company has undertaken projects in the six States of Maharashtra, Kerala, Gujarat, West Bengal, Goa and Tamil Nadu. The operations of Man Infraconstruction Ltd. (Man Infra) is divided into two business verticals viz., Construction and Real Estate Development. The Company is an integrated EPC (Engineering, Procurement and Construction) company with over 50 years of experience and execution capabilities in Port, Residential, Commercial & Industrial and Road construction segments with projects spanning across India. As a Real Estate Developer, it has delivered multiple Residential projects in Mumbai and is recognised for its superior quality construction and timely project delivery. The Company`s business is mix of Engineering, Procurement and Construction (EPC) & Asset Ownership/ Real Estate. Various development/re-development projects are executed by the Company and its subsidiaries/associates in and around Mumbai & Pune. The Company is engaged in the business of civil construction. It provides construction services for port infrastructure, residential, industrial, commercial and road infrastructure projects. They also bid for and undertake projects on a Build Operate Transfer basis and on a Public Private Partnership basis. The company started as a contractor for port infrastructure, providing services which included construction of onshore terminals, container freight stations, operational buildings and workshops and gradually entered into contracting services in the residential and commercial space in the Mumbai market. In May 12, 2006, Pathare Real Estate and Developers Ltd became a wholly owned subsidiary of the company and in June 1, 2006, Pathare Real Estate and Developers Ltd merged with the company. In September 19, 2006, Man Infraproject Ltd became a subsidiary of the company. In November 3, 2006, the company changed their name from Man Construction Ltd to Man Infraconstruction Ltd as a reflection of change in the primary business of the company. In November 9, 2006, Man Infraproject Ltd became a wholly owned subsidiary of the company and in December 2006, Man Infraproject Ltd merged with the company with effect from December 1, 2006. In August 30, 2007, the company acquired Man Projects Ltd as a subsidiary company, which was engaged in the construction and real estate business. During the year 2007-08, Company acquired 2,99,998 Equity Shares of Rs. 10/- each of Man Projects Limited (MPL) constituting approx. 60% of the Paid up share capital of MPL, and consequently, MPL became subsidiary of Company. During the year 2009, Company promoted a new Company under the name of `Man Ajwani Infraconstruction Limited` (MAIL) in joint venture with Ajwani Infrastructure Private Limited (AIPL) for construction of E.W.S Housing Complex for Pimpri Chinchwad Municipal Corporation (PCMC). The said joint venture Company was incorporated on 24th March, 2009 with shares of the Company and AIPL to the extent of 64% and 36% respectively. During the year 2008-09, Company acquired 25000 Equity Shares of Rs. 10/- each of Man Projects Limited (MPL) in addition to 2,99,998 equity shares constituting approx. 65% of the paid up share capital of MPL. In October 1, 2009, the company incorporated Man Nirmal Infraconstruction Ltd as a subsidiary company, pursuant to a memorandum of understanding with Nirmal Lifestyle Realty Pvt Ltd for executing construction projects for Nirmal Lifestyle Realty Pvt Ltd and their affiliates and for bidding government or other projects. The Board of Directors recommended issue of Bonus Shares and the members in their meeting held on 5th October, 2009 approved the issue and allotment of Bonus Shares in the ratio of 1 New Equity Share for every 2 existing equity shares held by a member on 6th October, 2009 (Record date). Accordingly, 14,624,950 Equity Shares were allotted as Bonus shares on 7th October, 2009. During the year 2010-11, the Company acquired 4,296,625 (100%) Equity Shares of Rs 10/- each of Man Realtors and Holdings Private Limited (MRHPL), making it a wholly-owned subsidiary of the Company. Man Realtors and Holdings Private Limited, a wholly owned subsidiary of the Company; acquired 1,250 Equity Shares (45.45% of the paid-up Equity Share Capital) of Rs 100/- each of Man Chandak Developers Private Limited (MCDPL) on 6th May, 2011 and 2,250 Equity Shares (70% of the paid-up Equity Share Capital) of Rs 100/- each of Man Chandak Developers Private Limited on 23rd May, 2011 and accordingly, Man Chandak Developers Private Limited became a a step down subsidiary of the Company. On 1st October 2011, in order to streamline the structure of MCDPL, the Company acquired 3,500 Equity Shares of MCDPL aggregating to Rs 350,000 from Man Realtors and Holdings Pvt. Limited. Thus, on 1st October 2011, MCDPL became a direct subsidiary of the Company. On 3rd April, 2012, MCDPL issued and allotted new equity shares resulting in reduction of shareholding of the Company to 45%. Accordingly, MCDPL ceased to be a subsidiary of the Company w.e.f. 3rd April, 2012. Manaj Tollway Pvt. Limited was incorporated on 18th November, 2011 as a joint venture between Company and Ajwani Infrastructure Pvt. Limited (AIPL) holding 64% and 36% respectively, for undertaking four lanning to Hadapsar Saswad Belsar Phata Road, S.H. 64, at Taluka Purandar, District Pune and such other additional or incidental works on "Design-Build-FinanceOperate-Transfer" (DBFOT) basis for `Public Works Department` (PWD), Government of Maharashtra. On 17th May, 2012, the Company transferred 1% equity to Manaj Infraconstruction Limited; which is also a subsidiary of the Company. On 26th June 2012, Company acquired remaining 13000 (26%) equity shares from Nirmal group making Man Nirmal Infraconstruction Limited (MNIL) a wholly owned subsidiary of the Company. On 1st July, 2012, Man Realtors and Holdings Private Limited (MRHPL) got into a Partnership Firm, M/s. S. M. Developers, engaged in the business of real estate development and became 50% partner along with the then existing partners. On 3rd April, 2012, the Company issued and allotted fresh equity shares to existing shareholders as well as new applicants; resulting in reduction in shareholding of Man Infraconstruction Ltd. to 45%, consequent upon which MCDPL ceased to be a subsidiary of Man Infraconstruction Ltd. w.e.f. 3rd April, 2012. Further Man Infraconstruction Ltd. transferred 10 shares on 1st June, 2012 and 2,490 shares on 2nd July, 2012; resulting in reduction in its shareholding to 35%. On 3rd January, 2013, the Company acquired 50,000 Equity Shares of Rs 10 each constituting 100% of the total paid-up capital making AM Realtors Private Ltd. a wholly owned subsidiary of the Company. On 2nd December 2013, the name of the Company was changed from Man Nirmal Infraconstruction Limited to Man Aaradhya Infraconstruction Limited. The Company transferred 1000 shares (2%) of Man Aaradhya on 5th June, 2014; resulting in reduction in its shareholding to 98% and consequently, Man Aaradhya ceased to be a wholly owned subsidiary of the Company. On 1st April, 2014, the Company entered into a Limited Liability Partnership namely Manmantra Infracon LLP and became 63% partner along with the then existing partners. Thereafter, it acquired further 10% share in Manmantra and became 73% partner on 2nd April, 2014. Further, consequent upon admission of new partners on 29th April, 2014, the Company`s share was diluted to 60%. On 30th September 2014, pursuant to Share Purchase and Shareholders Agreement executed with Wadhwagroup Holdings Private Limited, the Company diluted its investment in Atmosphere Realty Private Limited (ARPL) from 35% to 17.5% and as a result, ARPL ceased to be an Associate and became Joint Venture Company. During the year 2014-15, the Company diluted its stake in Man Projects Limited from 64% to 51%. During the FY 2016-17, the Company transferred 10,41,927 Equity Shares of MRHPL, resulting to reduction in its shareholding to 75.75% and accordingly, MRHPL ceased to be a wholly owned subsidiary of the Company, and is undertaking a redevelopment project at Naidu Colony, Ghatkoper (E), Mumbai. During the financial year 2017-18, the Company transferred 8,05,616 Equity Shares comprising of 18.75% voting rights of MRHPL, resulting to reduction in its shareholding to 66%. Man Chandak Realty LLP was incorporated to undertake Real Estate business in 2016-17. In 2018-19, the Company completed the construction of new buildings, "Aaradhya Residency" in Ghatkopar West, Mumbai. It acquired 50% stake in Starcrete on April 2, 2019. MICL Builders LLP, Man Infra Contracts LLP, MICL Creators LLP, MICL Properties LLP, MICL Estates LLP, MICL Homes LLP and 3090 McDonald Ave, LLC (Step-down Subsidiary) became subsidiaries of the Company during the year 2021-22. The Company completed a residential project namely "Aaradhya Signature" at Sion (West), Mumbai. In March, 2022, it launched all the 7 residential towers and 1 commercial tower, Aaradhya Square. During the year 2022, Man Chandak Developers LLP (where Man Infra holds 50%) in association with Shreepati Rise LLP launched a premium Residential project `Insignia`, at Vile Parle West, Mumbai

Registered Address

12th Floor Krushal Com Complex, G M Road Chembur(W), Mumbai, Maharashtra, 400089

Tel : 91-22-42463999
Email : investors:maninfra.com; office:mainfra.com
Website : http://www.maninfra.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 533169
NSE Code : MANINFRA
Book Closure Date (Month) : Aug
BSE Group : A
ISIN : INE949H01023

FAQ’s on Man Infraconstruction Ltd Shares

You can buy Man Infraconstruction Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Man Infraconstruction Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 21, 2024 03:59 PM the closing price of Man Infraconstruction Ltd was Rs.202.54.

The latest PE ratio of Man Infraconstruction Ltd as of Jun 21, 2024 03:59 PM is 25.02

The latest PB ratio of Man Infraconstruction Ltd as of Jun 21, 2024 03:59 PM is 0.19

The 52-week high of Man Infraconstruction Ltd share price is Rs. 249.30 while the 52-week low is Rs. 108.15

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 21, 2024 03:59 PM, the market cap of Man Infraconstruction Ltd stood at Rs. 7,519.30 Cr.

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