Synopsis: Shares of this infra stock surged 7% after it acquired a South Mumbai luxury project with over Rs. 2,000 crore sales potential. The move strengthens its premium real estate portfolio, with the total South Mumbai pipeline now exceeding Rs. 8,000 crore.
The shares of this integrated EPC company with experience and execution capabilities in Port, Residential, Commercial & Industrial and Road construction segments are in the spotlight after it rose by 7% in today’s session following the acquisition of a South Mumbai luxury project with over Rs. 2,000 crore sales potential.
With a market capitalisation of Rs. 4,955 cr, the shares of Man Infraconstruction Ltd were trading at Rs. 122.42 per share, jumping over 7% in today’s market session, making a high of Rs. 124.60, up from its previous close of Rs. 116.28 per share.
What’s the News
Man Infraconstruction Limited (MICL Group) has announced the acquisition of development rights for multiple properties in Tardeo, South Mumbai, including Tardeo Court CHS, Tardeo Apartments CHS, and Sethna House under the cluster redevelopment scheme. This marks the company’s third major residential project in South Mumbai, strengthening its presence in the premium real estate segment.
The new project, referred to as Tardeo 2.0, spans approximately over 46,000 sq. ft. and is located in one of Mumbai’s most high-value residential zones. The company estimates the project will generate sales potential exceeding Rs. 2,000 crore over the next 4–5 years, driven by demand in the ultra-luxury housing market.
The development will be executed through Man Aaradhya Infraconstruction LLP, in which MICL Group holds a ~50.5% equity stake. With this addition, the company’s combined South Mumbai portfolio including projects at Tardeo and Marine Lines, now has an estimated sales potential of over Rs. 8,000 crore.
About the company
Man Infraconstruction Limited is a Mumbai-based integrated EPC (Engineering, Procurement and Construction) and real estate development company with nearly six decades of experience. The company operates across two key verticals which are construction and real estate development, with execution capabilities spanning ports, residential, commercial, industrial, and road projects across India.
For the financial year ended March 31, 2025, the company reported total income of Rs. 1,231 crore and a net profit of Rs. 283 crore, and remains net cash positive at the consolidated level. Under its real estate arm (MICL Group), it has delivered multiple residential projects in Mumbai and is known for quality construction and timely delivery.
The MICL Group holds a 4.9 million sq. ft. portfolio, having achieved Rs. 10,366 crore in sales by late 2025. They have 2.5 million sq. ft. currently under construction and 2.4 million sq. ft. in the pipeline. To date, they have delivered 19 projects, all finished ahead of schedule, supported by their own in-house construction teams.
EPC vertical manages a Rs. 300 crore order book, focusing heavily on infrastructure and large-scale civil works. Current projects include 110 hectares of port/infra work and 3.8 million sq. ft. of residential development. Historically, they have delivered over 200 hectares of infrastructure and 25 million sq. ft. of building space, with a current mix of 66% infrastructure and 34% residential projects.
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