Rs 503 crore EPC order book: Net cash positive company dilutes partnership in Man Aaradhya LLP to 45 per cent, retains 50.5 per cent combined control
The company's shares have an ROE of 20 per cent and an ROCE of 24 per cent.
Man Infraconstruction Limited has strategically diluted its partnership interest in Man Aaradhya Infraconstruction LLP from 98 per cent to 45 per cent. Despite this dilution, the company retains a combined controlling interest of 50.50 per cent in Man Aaradhya, as its subsidiary, Man Vastucon LLP, holds an additional 5.50 per cent partnership interest. The agreement for this partial dilution was entered into and completed on June 16, 2025, with a consideration of Rs 2,65,000 received from the sale. Notably, none of the new acquirers belong to the promoter/promoter group/group companies, except for Man Vastucon LLP. As of March 31, 2025, Man Aaradhya Infraconstruction LLP had a capital contribution of Rs. 5,00,000 and a total income of Rs 35,537.
Recently, Parag K. Shah, a promoter of Man Infraconstruction Ltd., acquired a total of 2,37,000 shares of the company through open market transactions. This purchase involved two separate transactions on the same day: 2,00,000 shares (on June 13, 2025) and an additional 37,000 shares (on June 16, 2025).
About the Company
Man Infraconstruction Ltd, a Mumbai-based company listed on both NSE (MANINFRA) and BSE (533169), specialises in EPC (Engineering, Procurement, and Construction) and Real Estate Development. It has a 50-year EPC history and strong execution in the ports, residential, commercial, industrial, and road sectors across India. Man Infra also excels in Mumbai's real estate market, delivering high-quality residential projects on time. Its construction management expertise and resources make it a capable real estate developer.
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Man Infraconstruction Limited (MICL) showed strong FY25 results, with total income up 19.2 per cent to Rs 379.8 crore and net profit rising 16 per cent to Rs 97.2 crore in Q4 FY25. Full-year sales tripled to Rs 2,251 crore, and carpet area sold doubled to 8 lakh sq. ft. MICL also launched new projects with Rs 1,600 crore potential, and plans Rs 3,400 crore in new projects for FY26. The company maintains a net-debt-free balance sheet with Rs 570 crore in cash.
Man Infraconstruction Ltd. has announced a strong order book of Rs 503 crore as of March 2025. The company has a market cap of over Rs 6,000 crore and has delivered good profit growth of 48.3 per cent CAGR over the last 5 years with a net cash positive position. The company's shares have an ROE of 20 per cent and an ROCE of 24 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.