Rs 627 crore EPC order book and FIIs & DIIs increase stake: Infra company’s subsidiary holds 25 per cent in MICL Tigertail LLC
The company's shares have an ROE of 23 per cent and an ROCE of 28 per cent.
Man Infraconstruction Limited has announced that MICL Global, INC, its wholly-owned subsidiary, through its associate MICL TIGERTAIL LLC, has finalized an Operating Agreement on March 24, 2025. This agreement establishes MICL Global, INC's 25% ownership stake in MICL TIGERTAIL LLC, with an initial capital contribution of US$1,000,000. The newly formed LLC will focus on real estate development and other permissible business activities, marking a strategic expansion for the company.
Additionally, the company has expanded its business portfolio into the agro-logistics sector by acquiring a 26.40 per cent equity stake in the newly established Trident Agro Terminals and Logistic Pvt Ltd. This strategic move, finalized with a cash investment of Rs 26,400 for 2,640 shares of the company's Rs 1,00,000 paid-up capital, will enable the development of essential infrastructure, including ports, port-based logistics, and agricultural commodity processing and storage facilities. Incorporated on February 26, 2025, Trident Agro is poised to enhance both export-import operations and domestic agricultural trade, thereby diversifying Man Infraconstruction business interests.
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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According to Quarterly Results, the net sales increased by 5 per cent to Rs 242.3 crore and the net profit increased by 78 per cent to Rs 84 crore in Q3FY25 compared to Q2FY25. In its nine-month results, the company reported net sales of Rs 814.3 crore and a net profit of Rs 215.7 crore in 9MFY25. In FY24, the net sales decreased by 33 per cent to Rs 1,263.45 crore and the net profit increased by 16 per cent to Rs 300.39 crore compared to FY23.
Man Infraconstruction Ltd. has announced a strong order book of Rs 627 crore as of December 2024. 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 5,700 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.