Rs 653 Crore EPC Order Book & FIIs Increase Stake: Net Debt-Free Small-Cap Stock Under Rs 250 Jumps Over 5 Per Cent On November 29

The shares of the company saw a spurt in volume by more than 1.20 times on BSE.

On Friday, shares of this civil construction company gained 5.14 per cent to an intraday high of Rs 222.90 per share from its previous closing of Rs 212 per share. The stock’s 52-week high is Rs 249.40 and its 52-week low is Rs 165.05. The shares of the company saw a spurt in volume by more than 1.20 times on BSE.

Man Infraconstruction Ltd, a Mumbai-based company listed on both NSE (MANINFRA) and BSE (533169), specializes in EPC (Engineering, Procurement, and Construction) and Real Estate Development. With 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.

Recently, MICL Group has announced a strategic realignment of its portfolio. To concentrate on high-end projects in prime Mumbai locations like Pali Hill, BKC, Vile Parle, and Marine Lines, the company has divested from phase 3 of its project near Dahisar. While phases 1 and 2 of this project, 'Aaradhya Highpark' and 'Aaradhya Parkwood,' have witnessed significant success, MICL Group's subsidiary, Man Vastucon LLP, will relinquish the remaining development rights for phase 3. This strategic move underscores the company's commitment to delivering exceptional luxury real estate experiences that cater to the discerning tastes of Mumbai's premium market.

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.

As of September 2024, the company’s order book stands at Rs 653 crore and FIIs increased their stake to 3.71 per cent compared to June 2024. The company has a market cap of over Rs 8,000 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.