Man Infraconstruction Acquires 17,03,183 Equity Shares in MRHPL: Strengthening Real Estate Presence
Man Infraconstruction Ltd, a leading EPC and real estate developer, has acquired 17,03,183 equity shares in Man Realtors and Holdings Private Limited (MRHPL), making it a wholly-owned subsidiary. This strategic move aligns with Man Infraconstruction's growth plans in the real estate sector.
Real EstateMan InfraconstructionMrhplAcquisitionEpcReal Estate MaharashtraJun 11, 2025
The cost of acquisition is Rs 215 per equity share, and the total consideration is entirely in cash. MRHPL, incorporated on June 2, 1992, is a real estate company with a strong presence in Maharashtra. The transaction is a related party transaction, with Mr. Manan P. Shah, Mansi P. Shah, Vatsal P. Shah, and Dhruvi M. Shah having interests in MRHPL through directorships and shareholding. The acquisition is expected to be completed within 30 working days.
MRHPL has an Authorized Capital of Rs 7.10 crore and a Paid-up Capital of Rs 4.72 crore. Its turnover for FY 2024-25 was Rs 14,984.02 lakh, a decrease from Rs 18,168.66 lakh in FY 2023-24 and Rs 41,843.65 lakh in FY 2022-23. The purpose of this acquisition is to strengthen Man Infraconstruction's position in the real estate market and align with its strategic goals. No specific governmental or regulatory approvals are mentioned as required for this acquisition.
Man Infraconstruction Ltd is a Mumbai-based company listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The company has a rich 50-year history in EPC and has executed projects 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.
In its Q4FY25 results, Man Infraconstruction reported a total income of Rs 379.8 crore, a 19.2 per cent increase compared to Q3FY25. Net profit rose by 16 per cent to Rs 97.2 crore. For the full FY25, the company reported a total income of Rs 1,231.3 crore and a net profit of Rs 312.8 crore. Man Infraconstruction Limited (MICL) demonstrated robust operational performance in FY25 with total sales of Rs 2,251 crore, a threefold increase from Rs 744 crore in FY24. Q4 FY25 alone contributed Rs 743 crore, marking a 90 per cent year-on-year growth. The carpet area sold more than doubled to approximately 8 lakh sq. ft. in FY25 from around 3 lakh sq. ft. in FY24, and collections improved to Rs 1,270 crore for FY25, up from Rs 1,197 crore in FY24.
MICL launched two new projects in Q4 FY25 with a combined revenue potential of approximately Rs 1,600 crore, generating around Rs 700 crore in sales shortly after launch. The company plans to launch new projects totalling about 7.4 lakh sq. ft. of carpet area in FY26, with an estimated sales potential of Rs 3,400 crore. These projects are in prime Mumbai micro-markets. MICL maintains a strong, net-debt-free balance sheet with consolidated cash and equivalents of Rs 570 crore as of March 2025 and has a total investment of Rs 1,166 crore in its Real Estate Projects as of March 2025.
Man Infraconstruction Ltd. has announced a strong order book of Rs 503 crore as of March 2025. 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 cash positive position. The company's shares have an ROE of 23 per cent and an ROCE of 28 per cent.
Frequently Asked Questions
What is the significance of Man Infraconstruction's acquisition of MRHPL?
The acquisition of MRHPL by Man Infraconstruction consolidates its control over the real estate company, aligning with its strategic objectives in the real estate sector. This move strengthens Man Infraconstruction's position in the market and enhances its portfolio of real estate projects.
How much did Man Infraconstruction pay for the equity shares of MRHPL?
Man Infraconstruction paid Rs 215 per equity share for the 17,03,183 equity shares of MRHPL, making the total consideration entirely in cash.
What is the current turnover of MRHPL?
MRHPL's turnover for FY 2024-25 was Rs 14,984.02 lakh, a decrease from Rs 18,168.66 lakh in FY 2023-24 and Rs 41,843.65 lakh in FY 2022-23.
What are Man Infraconstruction's future plans in the real estate sector?
Man Infraconstruction plans to launch new projects totalling about 7.4 lakh sq. ft. of carpet area in FY26, with an estimated sales potential of Rs 3,400 crore. These projects are in prime Mumbai micro-markets, further strengthening the company's presence in the real estate sector.
What is Man Infraconstruction's current market cap and financial position?
Man Infraconstruction 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 cash positive position. The company's shares have an ROE of 23 per cent and an ROCE of 28 per cent.
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