Rs 627 crore EPC order book: Net debt-free company has subscribed to 2,640 shares of Trident Agro Terminals and Logistic Pvt Ltd
The company's shares have an ROE of 23 per cent and an ROCE of 28 per cent.
Man Infraconstruction Limited has subscribed to 2,640 equity shares, representing 26.40 per cent of the total issued and paid-up share capital, in the newly incorporated entity, Trident Agro Terminals and Logistic Pvt Ltd. This strategic investment, amounting to Rs 26,400, signifies the company's entry into the development of ports, port-based logistics, and the establishment of an export-import cum domestic agricultural commodity-based processing and storage facility. Trident Agro Terminals and Logistic Private Limited, with an authorized capital of Rs. 1,00,00,000 and a paid-up capital of Rs. 1,00,000, was incorporated on February 26, 2025, and is poised to contribute to the agricultural logistics sector.
The acquisition of these shares is a cash consideration and is not a related party transaction. This move aligns with Man Infraconstruction Limited's strategic expansion plans, diversifying its portfolio into the burgeoning agro-logistics industry. The newly formed entity will focus on developing crucial infrastructure for agricultural commodity handling, processing, and storage, aiming to enhance export-import capabilities and support domestic agricultural trade. No governmental or regulatory approvals are currently 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 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.
DSIJ’s 'multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
According to Quarterly Results, the net sales increased by 5 per cent to Rs 242.3 crore and 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 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 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 6,000 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.
Related articles
-
Rs 16,887 crore order book: Civil construction company signs MoU for development of a ropeway from Sonaram Field to Bhubaneshwari Temple, Kamakhya
-
5:1 Bonus Share & Rs 2,070 Crore Order Book: Solar Company Invests Rs 6,00,00,000 In Its EV-Subsidiary For Business Expansion
-
Rs 13,556 Crore Order Book: TATA-Group Power Company Signs Landmark MoU with Assam Government
-
Multibagger IT stock in green after bagging an international order worth USD 19,30,147 from a USA-Based client
-
Rs 558 crore order book: Road infrastructure consultancy company bags new orders worth Rs 10,87,20,000 from NHAI