Rs 823 crore order book: This civil construction company achieves 50 per cent Sales Milestone in just 6 months in its Uber-Luxurious Project - Aaradhya OnePark; details inside!
The company's shares have an ROE of 30 per cent and an ROCE of 34 per cent.
Man Infraconstruction Limited (MICL Group) one of the leading names in the luxury residential real estate market, announced a significant milestone in the Aaradhya OnePark project, achieving 50 per cent sales within just six months of its launch in January 2024. This rapid success underlines the good market demand for luxurious residences in Mumbai.
Aaradhya OnePark, located on the prestigious 60 ft. Road in Ghatkopar East, Mumbai offers an uber-luxurious living experience with meticulously designed 3, 4, and 5 BHK residences. The project boasts 50 lifestyle amenities, making it an unparalleled choice for discerning buyers. Its strategic location, superior construction quality, and exceptional amenities have driven remarkable sales performance.
MICL Group is poised to make a monumental impact on Mumbai's real estate market with an impressive launch pipeline for FY25. The company is preparing to introduce a series of Luxury projects across some of the city’s most coveted locations, including Pali Hill, BKC, Vile Parle and Marine Lines. These strategic launches are set to further solidify MICL Group’s dominance and elevate its presence throughout Mumbai City.
Today, the shares of Man Infraconstruction Limited (MICL) jumped 2.65 per cent to an intraday high of Rs 218.70 per share from its previous closing of Rs 213.05. The stock is up by 81 per cent from its 52-week low of Rs 120.85 per share and gave multibagger returns of over 380 per cent in 3 years. The shares of the company saw a spurt in volume by more than 1.01 times on BSE.
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About Man Infraconstruction Limited (MICL)
Man Infraconstruction Limited (MICL) is a full-service civil construction company with a diversified business model encompassing both EPC (engineering, procurement, and construction) services and real estate development. They handle all aspects of a project, from design to construction, across various sectors including ports, residences, commercial buildings, and roads. MICL leverages joint ventures and development management projects to minimise investment and maximize profit margins typically ranging from 10 to 20 percent.
With a strong revenue projection of over Rs 15,400 crore in the next few years, MICL anticipates significant growth driven by the launch of new residential projects exceeding Rs 4,250 crore in sales potential. They plan further to enhance profitability through strategic acquisitions in the EPC space. Looking ahead, MICL aims to secure better margins through new infrastructure projects and self-executed EPC real estate ventures.
As of March 31, 2023, the company’s order book stands at Rs 823 crore. The company turns net cash positive on Consolidated financials as of March 2024. The company has a market cap of Rs 8,000 crore and has delivered good profit growth of 49.2 per cent CAGR over the last 5 years. The company's shares have an ROE of 30 per cent and an ROCE of 34 per cent. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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