Rs 1,265 crore order book: Multibagger civil construction company reported a 112 per cent jump in net profit and receives order worth Rs 680 crore!

The stock is up by 50 per cent in 1 year, gave multibagger returns of 165 per cent in 2 years and over 900 per cent in 3 years.

Man Infraconstruction Limited (MICL), a leading construction company and a pioneer in real estate development, announced its Quarterly Results for Q1FY24. MICL reports strong growth in operational and financial performance. Details below:

According to the quarterly results:

• Revenue from Operations grew by 45 per cent from Rs 351.97 crore in Q1FY23 to Rs 509.66 crore in Q1FY24.
• EBITDA increased by 63 per cent from Rs 74.79 crore in Q1FY23 to Rs 123.18 crore in Q1FY24. 
• PAT increased by 112 per cent from a net profit of Rs 38.94 crore in Q1FY23 to a net profit of Rs 82.44 crore in Q1FY24.
• The order book stands at Rs 1,265 crore as of June 2023.
• The company declared an interim dividend of Rs 0.36 per share for a face value of Rs 2 each. The record date for dividend is fixed as August 10, 2023.

According to the annual results, the net sales increased by 96.61 per cent to Rs 1,890.35 crore and net profit increased by 19.51 per cent to Rs 258.57 crore in FY23 compared to FY22.

Additionally, MICL Group added another Ultra-Luxurious Residential Project with a saleable carpet area of 4 lakh sq. ft. in Ghatkopar East, Mumbai and 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.

On Wednesday, shares of MICL plunged by 1.57 per cent to Rs 119.10 per share with an intraday high of Rs 123.10 and an intraday low of Rs 118.85.

The shares of the company have a PE of 14.80x whereas the industry PE is 35.30x and a ROE of 26.40 per cent & a ROCE of 33.50 per cent. The stock is up by 50 per cent in 1 year, gave multibagger returns of 165 per cent in 2 years and over 900 per cent in 3 years. Investors should keep an eye on this small-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.