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.
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