Rs 503 crore EPC order book: Net cash positive company acquires 17,03,183 equity shares of Man Realtors and Holdings Pvt Ltd
The company's shares have an ROE of 23 per cent and an ROCE of 28 per cent.
Man Infraconstruction Ltd has announced its acquisition of 17,03,183 Equity Shares, representing 36.07 per cent of the paid-up equity share capital, in Man Realtors and Holdings Private Limited (MRHPL). This acquisition will make MRHPL a wholly-owned subsidiary, as Man Infraconstruction already held 63.93 per cent. MRHPL, incorporated on June 2, 1992, is a real estate company with its main business in real estate activities and has a presence in Maharashtra. The transaction is a related party transaction, with Mr. Manan P. Shah, Mansi P. Shah, Vatsal P. Shah, and Dhruvi M. Shah having an interest in MRHPL through directorships and shareholding. The acquisition is expected to be completed within 30 working days.
The cost of acquisition is Rs 215 per equity share, and the consideration is entirely cash. MRHPL has an Authorized Capital of Rs 7.10 crore and a Paid-up Capital of Rs 4.72 crore. Its turnover for FY 2024-25 was Rs 14,984.02 lakh, a decrease from Rs 18,168.66 lakh in FY 2023-24 and Rs 41,843.65 lakh in FY 2022-23. The purpose of this acquisition is to consolidate MRHPL as a wholly-owned subsidiary, aligning with Man Infraconstruction's strategic objectives in the real estate sector. No governmental or regulatory approvals are specifically mentioned as required for this acquisition.
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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In its Q4FY25 results, the company's total income rose by 19.2 per cent to Rs 379.8 crore, and net profit increased by 16 per cent to Rs 97.2 crore, compared to Q3FY25. For the full FY25, the company reported a total income of Rs 1,231.3 crore and a net profit of Rs 312.8 crore. Man Infraconstruction Limited (MICL) demonstrated robust operational performance in FY25 with total sales of Rs 2,251 crore, a threefold increase from Rs 744 crore in FY24, with Q4 FY25 alone contributing Rs 743 crore, marking a 90 per cent year-on-year growth. The carpet area sold more than doubled to approximately 8 lakh sq. ft. in FY25 from around 3 lakh sq. ft. in FY24, and collections improved to Rs 1,270 crore for FY25, up from Rs 1,197 crore in FY24.
MICL launched two new projects in Q4 FY25 with a combined revenue potential of approximately Rs 1,600 crore, generating around Rs 700 crore in sales shortly after launch. The company plans to launch new projects totalling about 7.4 lakh sq. ft. of carpet area in FY26, with an estimated sales potential of Rs 3,400 crore. These projects are in prime Mumbai micro-markets. MICL maintains a strong, net-debt-free balance sheet with consolidated cash and equivalents of Rs 570 crore as of March 2025, and has a total investment of Rs 1,166 crore in its Real Estate Projects as of March 2025.
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 23 per cent and an ROCE of 28 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.