Man Infraconstruction Ltd: A Debt-Free Multibagger in the Making?
MICL Group, a leading name in luxury residential real estate, delivers high-quality projects on time, with a strong track record of 19 completed projects, including Aaradhya Evoq, a luxury residential project in Juhu, Mumbai.
Man Infraconstruction LtdMicl GroupReal EstateLuxury ResidentialMumbaiAaradhya EvoqReal Estate NewsSep 17, 2024
With a total carpet area of around 60,000 square feet available for sale and a revenue potential of about Rs. 250 crores, the project has already sold out nearly 85 per cent of its residences and made a total collection of over Rs 165 crore. This success reflects the trust and credibility that MICL Group has built in the market.
The company's construction management expertise and resources make it a capable real estate developer. As of June 2024, the company’s order book stands at Rs 728 crore. The company has a market cap of over Rs 7,000 crore and has delivered good profit growth of 48.3 per cent CAGR over the last 5 years.
MICL has reported robust performance in the first quarter of the financial year 2025. The company achieved a sales value of Rs 691 crore, surpassing its annual sales of Rs 744 crore in FY24. This impressive feat is coupled with a remarkable increase in consolidated PBT margins from 21.7 per cent in Q1FY24 to 30.7 per cent in Q1FY25.
The company has made significant strides during the quarter, including acquiring an ultra-luxury residential project in BKC, spanning 5.0 lakh sq. ft. with a saleable carpet area of 1.5 lakh sq. ft. Additionally, the company has achieved a 50 per cent sales milestone for its 'Aaradhya OnePark' project in Ghatkopar East within just six months of launch.
MICL's financial health is robust, with a total income of Rs 368.4 crores and a PBT of Rs. 113.2 crores in Q1FY25. The company's PAT stands at Rs 77.5 crore, and it maintains a net-debt-free position with a cash and bank balance of Rs 487 crores.
With a strong project pipeline and a solid financial foundation, MICL is well-positioned for future growth. The company's prestigious projects, such as Aaradhya Avaan in Tardeo and Aaradhya OnePark in Ghatkopar, have significant revenue potential. Upcoming projects in Goregaon, Marine Lines, BKC, Pali Hill, Vile Parle and Dahisar further solidify MICL's position as a leading real estate developer in Mumbai.
About Man Infraconstruction Ltd
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, ManInfra also excels in Mumbai's real estate market, delivering high-quality residential projects on time.
Frequently Asked Questions
What is Man Infraconstruction Ltd's order book value as of June 2024?
Rs 728 crore
What is the market cap of Man Infraconstruction Ltd?
Over Rs 7,000 crore
What is the sales value achieved by MICL in Q1FY25?
Rs 691 crore
What is the consolidated PBT margin of MICL in Q1FY25?
30.7 per cent
Is Man Infraconstruction Ltd a debt-free company?
Yes, the company maintains a net-debt-free position with a cash and bank balance of Rs 487 crores.
Related News Articles
Building Vibrant Communities: VTP Realty Launches 'A World of Thoughtfulness' Campaign
VTP Realty, Pune's No. 1 real estate brand, announces the launch of its latest brand campaign, 'A World of Thoughtfulness', prioritising ethics, trust, and clear communication to create homes beyond just four walls.
Manoj Saunik Takes the Reins: New Chairman of MahaRERA
Former Maharashtra chief secretary Manoj Saunik has been appointed as the chairman of the Maharashtra Real Estate Regulatory Authority (MahaRERA)
Shriram Properties Shifts Focus to Mid-Market and Premium Segments
Real estate developer Shriram Properties aims to boost its presence in mid-market and mid-premium segments in Bengaluru, Chennai, and Kolkata, with plans to enter Pune soon.
GSTAT Faces Delays: Member Appointments and Office Locations Lagging
The formation of the Goods and Services Tax Appellate Tribunal (GSTAT) has hit several roadblocks. One of the major challenges is the real estate allocation, with only half of the required office locations identified. The delays in appointing members are
Build Capital to Invest Rs 400 Cr in Mumbai Property Market in 2025
Build Capital aims to address the early-stage financing gaps in the real estate market by investing Rs 400 crore in the Mumbai region in 2025.
Telangana BJP MP Files HC Petition to Quash FIR Over Slapping Real Estate Broker
BJP MP Eatala Rajender has moved the Telangana High Court to quash the FIR registered against him for allegedly slapping a real estate broker in Medchal Malkajgiri district.