Man Infraconstruction Ltd: Strengthening US Real Estate Presence with Rs 503 Crore EPC Order Book
Man Infraconstruction Ltd, a leading EPC and real estate developer, has increased its stake in MICL Tigertail LLC, furthering its strategic objectives in the US real estate market. The company also boasts a robust order book of Rs 503 crore and strong financial performance.
Real EstateEpcMan Infraconstruction LtdFinancial PerformanceUs MarketReal Estate NewsMay 28, 2025
The acquisition of an additional 25% of the membership interest in MICL Tigertail LLC was effective as of May 27, 2025, and was completed for a cash consideration of US$1 million. MICL Tigertail LLC, incorporated in June 2024 in Miami, Florida, USA, operates in the Real Estate Development industry. Although it is currently in the initial stages of business operations with a NIL turnover, this acquisition is aimed at furthering the Company's strategic objectives in real estate development.
This transaction is not classified as a related party transaction, even though MICL Tigertail LLC is an associate of a wholly-owned subsidiary. Mr. Vatsal Shah, from the Promoter Group, has been appointed as a Manager of MICL Tigertail LLC, but the Promoter and Promoter Group otherwise have no interest in the entity. The acquisition details align with the requirements of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.
Man Infraconstruction Ltd has a 50-year EPC history and strong execution in the ports, residential, commercial, industrial, and road sectors across India. The company 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, the company's total income rose by 19.2 per cent to Rs 379.8 crore, and net profit increased by 16 per cent to Rs 97.2 crore, compared to Q3FY25. 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, with Q4 FY25 alone contributing 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.
In summary, Man Infraconstruction Ltd's strategic move to increase its stake in MICL Tigertail LLC, combined with its robust financial performance and strong order book, positions the company well for continued growth in both the Indian and US real estate markets.
Frequently Asked Questions
What is the primary focus of MICL Tigertail LLC?
MICL Tigertail LLC primarily focuses on real estate development and operates in Miami, Florida, USA.
How much did Man Infraconstruction Ltd pay to increase its stake in MICL Tigertail LLC?
Man Infraconstruction Ltd paid US$1 million to increase its stake in MICL Tigertail LLC by 25%.
What was the revenue potential of the two new projects launched by MICL in Q4 FY25?
The two new projects launched by MICL in Q4 FY25 had a combined revenue potential of approximately Rs 1,600 crore.
What is the market cap of Man Infraconstruction Ltd as of March 2025?
Man Infraconstruction Ltd has a market cap of over Rs 6,000 crore as of March 2025.
What is the ROE and ROCE of Man Infraconstruction Ltd's shares?
Man Infraconstruction Ltd's shares have an ROE of 23 per cent and an ROCE of 28 per cent.
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