Synopsis:
This company is an integrated EPC company with experience and execution capabilities in Port, Residential, Commercial & Industrial and Road construction segments is now in focus after promoter increased stake in the company.
With market capitalization of Rs. 5,139 cr, the shares of Man Infraconstruction Ltd are closed at Rs. 127.30 per share, increasing 5% in today’s market session making a high of Rs. 129.50, from its previous close of Rs. 122.55 per share. The stock jumped more than 10% from yesterday’s opening price of Rs. 117 per share to today’s high of Rs. 129.50 per share.
News
Man Infraconstruction Ltd witnessed a notable promoter activity as Parag K. Shah, one of the key promoters, increased his stake in the company by 0.02%, taking the total promoter shareholding to 62.34%. According to data available on the NSE, Shah purchased 1 lakh shares through an open-market transaction on November 24, signaling sustained confidence in the company’s long-term prospects.
Such incremental stake purchases by promoters are often viewed positively by the market, as they reflect strong belief in future growth, operational momentum, and overall business stability.
Axis Direct on Man Infraconstruction
Axis Direct gave a ‘BUY’ target for Man Infraconstruction Ltd of Rs. 190 per share, which is 49% from the current levels. The company continues to demonstrate strong long-term prospects despite a seasonally soft Q2FY26. The company delivered robust 103% YoY growth in pre-sales to Rs. 424 crore and maintained healthy collections of Rs. 183 crore, supported by steady execution across projects such as Aaradhya Avaan (Tardeo) and JadePark (Vile Parle).
The new BKC Artek launch with a potential topline of Rs. 850 crore further strengthens near-term visibility, while its Rs. 354 crore EPC order book adds stability.
Looking ahead, MICL’s growth trajectory is backed by high-value upcoming launches including Marine Lines (Rs. 2,100 crore), Pali Hill (Rs. 500+ crore) and Royal Netra (Rs. 4,000+ crore), which can significantly boost sales momentum. The Rs. 1,340 crore Nhava Sheva Port project is expected to generate strong margin accretion through FY26.
With a net cash position of Rs. 693 crore, negative net debt/equity of -0.3, and total sales visibility of Rs. 11,000 crore, the company is well-capitalised for expansion. Supported by stable financials, strong project pipeline, and healthy demand visibility, the stock remains a long-term BUY with a target price of Rs. 190.
About the company
Man Infraconstruction Ltd is a leading Indian construction and infrastructure development company known for executing large-scale residential, commercial, industrial, and port projects. With a strong track record across EPC and real estate ventures, the company has built a reputation for timely project delivery and engineering quality. It also has a growing presence in Mumbai’s real estate market through its development arm, contributing to steady revenue visibility and expansion opportunities.
Written by Manideep Appana
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