Rs 653 Crore EPC Order Book & FIIs Increase Stake: Net Debt-Free Small-Cap Stock In Focus As Board Is Likely To Announce Dividend Next Week
The company has a market cap of over Rs 7,000 crore and has delivered good profit growth of 48.3 per cent CAGR over the last 5 years with a net debt-free position.
On Tuesday, shares of this civil construction company gained 1.8 per cent to Rs 194.80 per share from its previous closing of Rs 191.35 per share. The stock’s 52-week high is Rs 262.50 per share and its 52-week low is Rs 165.05 per share.
Man Infraconstruction Limited has announced that its Board of Directors will convene on Monday, February 03, 2025. The primary agenda items include reviewing and approving the company's unaudited financial results for the quarter and nine months ending December 31, 2024. In addition to this, the Board will also deliberate on the declaration of a second interim dividend for the fiscal year 2024-25, if deemed appropriate.
Earlier, The National Company Law Tribunal (NCLT), Mumbai Bench, today approved the merger of Manaj Tollway Private Limited and Man Projects Limited, wholly-owned subsidiaries of Man Infraconstruction Limited, with the parent company. This decision follows the company's March 22, 2024, announcement of the proposed merger. The NCLT order allows Company Petition No. CP (CAA) NO. 141 of 2024, paving the way for streamlined operations and enhanced efficiency. Separately, Man Infraconstruction Limited has allotmented 31,01,400 Equity Shares upon the conversion of an equal number of convertible warrants by 14 allottees. Quant Mutual Fund, Chhattisgarh Investments Ltd, and Resonance Opportunities Fund were among the major allottees.
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 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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Results: According to Quarterly Results, the net sales decreased by 38 per cent to Rs 70.60 crore and net profit decreased by 34 per cent to Rs 29.72 crore in Q2FY25 compared to Q2FY24. In its half-yearly results, the net sales decreased by 21 per cent to Rs 571.94 crore and net profit decreased by 26 per cent to Rs 112.06 crore in H1FY25 compared to H1FY24. In FY24, the net sales decreased by 33 per cent to Rs 1,263.45 crore and net profit increased by 16 per cent to Rs 300.39 crore compared to FY23. The company’s order book stands at Rs 653
As of December 2024, FIIs & DIIs increased their stake to 4.56 per cent and 2.15 per cent, respectively compared to September 2024. The company has a market cap of over Rs 7,000 crore and has delivered good profit growth of 48.3 per cent CAGR over the last 5 years with a net debt-free position. The company's shares have an ROE of 23 per cent and an ROCE of 28 per cent. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.