Infrastructure and Construction – The government of India has made development of economy through systematic approach of setting Infrastructure development, and amazing growth have led tremendous development in the economy. The investments made has generated growth results by integrating policy is now properly visible through sustainable development in Indian economy. RBI released report in April 2024, giving importance to government’s aim to concentrate on infrastructure growth, integrated with successful business, could support sustainable improvement in investment cycle. The Indian government in FY-25 has announced to increase capital expenditure on infrastructure projects to Rs 11.1 trillion, which is 11% higher compared to previous year, increasing the finance available for 4th consecutive year.
In past 4 years, government has made huge capital expenditure which has resulted huge development in the economy, supporting private consumption, spending in investment spending, and employment generation. The major portion of capital expenditure is incurred towards increasing physical connectivity such as development of roads, airports, waterways, and railways, and thereby reducing logistics expenses and increasing competition. The Indian government has launched various policy reforms such as PM Gatishakti Scheme, National Infrastructure Pipeline (NIP), and National Logistics Policy. Moreover, the construction industry has made contribution of around 9% of GDP, which shows strong growth of 10.7% in FY-24 as per Second Advance Estimates published by Central Statistics Office (CSO).
Port Infrastructure – The Indian economy is among rapidly growing economies at global level, facing huge demand in managing cargo traffic controlled by energy products such as crude, coal, containers, and POL. The cargo traffic volume managed at government-based Indian ports in FY-24 has increased by 4.7% to 818 million tonnes (MT) in FY-23 compared to 783 MT attained in FY-23. In past 5 years, the Cargo capacity has increased at 1.8% CAGR from FY-19 to FY-23. Moving ahead in next 5 years, CRISIL MI&A projects ports to increase capacity of 500-550 million tonnes at a CAGR of 2-4%. About 60 to 70% of capacity addition is projected to come from main ports, especially Kandla, Mumbai, Tuticorin, Paradip, Vishakhapatnam, and JNPT.
Residential Real Estate – The Indian Residential real estate market saw huge growth in past year, has achieved rapid rates, and established new goals. The huge requirement of housing segment has resulted in development of the sector. As per data provided by Anarock, “Indian Residential Annual Report 2023,” the sale of houses in top 7 cities in 2023 has observed huge growth with 4.76 lakh units sold, observing annual growth of 31%. The top 7 cities observed huge growth of 25% in new real estate supply in 2023, with approx 4.45 lakh units launched from 3.57 lakh in 2022.
It is important to note that Mumbai market was main contribution with a market share of 35% out of total new supply. It is interesting to know that modern trend taking shape of luxury and ultra luxury segments with sale price of Rs 1.5 crores and Rs 2.5 crores that saw huge growth in new launches, showcasing growth potential for luxury properties among home buyers. This segment which contributed 11% in 2019 has increased to 23% in 2023. In this article, we will learn interesting information about Man Infraconstruction Ltd Share Price Target, market cap, ROCE, ROE, revenue, net profit, and employees.
Man Infraconstruction Ltd – Key Points
Name of the promoter
Mr.Parag Shah
Industry
Real estate and EPC (Engineering, Procurement, and Construction)
Established
1964
Headquarters
Mumbai, Maharashtra
Employees
234
Networth
Rs 1,399.77 crores
Man Infraconstruction Ltd – Statistics
Market cap
Rs 5,982 crores
ROCE
28.1%
ROE
22.8%
Stock PE
22.1
Book value
Rs 42.1
Face value
Rs 2
About Man Infraconstruction Ltd
Man Infraconstruction Ltd has deep expertise and knowledge of over 59 years in the construction sector. The company has over 5 decades of experience and skills in EPC (Engineering, Procurement, and Construction) business, the company has developed amazing projects across residential, industrial, commercial, ports, and roads construction sectors throughout India. The company is unique real estate developer with asset light strategy and concentrates in Mumbai market. The company has received huge response for its best quality and on-time delivery. The company has deep expertise and talent in construction sector, assures successful implementation and development of real estate projects.
The company has developed strong presence in real estate sector in past decade developing a reputable brand “Aaradhya” which maintains strong image and best quality. The company has systematically developed asset light strategy to increase its real estate business through Joint Ventures (JVs), Joint Development Agreements (JDAs), and Development Management (DM) model, reducing initial investments. The company has attained expertise in redevelopment segment by taking projects of private societies, MHADA, SRA, and cluster redevelopment. The portfolio of group includes 6 million sq. ft. carpet area basically includes Mumbai Metropolitan Region (MMR) and fulfills premium, mid-premium, luxury, and ultra-luxury segments. The company has made diversifies presnece ranging from famous markets of Tardeo and Marine Lines in South Mumbai to projects near Dahisar and in other famous locations including Juhu, Ghatkopar, Mulund, Bandra-Pali Hill, Vile Parle, and Goregaon.The company established new rules and guidelines in urban redevelopment and real estate expertise.
Following are the strengths of company:
To provide proper capital on Man Infra’s implementation capacity.
To manage project guidelines strictly and checking project tightly.
Development through asset light model and take benefits
To give priority to manage cash flow to control risks.
Business Parameters
Healthy Business Development – The company has purchased total 27.5 lakh square feet of carpet area in Mumbai’s attractive locations of Marine Lines, Goregaon West, Pali Hill, and Ghatkopar West. By acquiring these, the portfolio of company’s real estate has increased to 60 lakh square feet of carpet area as on March 2024. This includes 21 lakh square feet ongoing and 39 lakh square feet of upcoming projects.
Upscaling Portfolio – The company has developed strong presnece in real estate portfolio by increasing its footprint in upscale market of India. At present, luxury and ultra-luxury projects make contribution of half of portfolio in terms of sales value showing the amazing luxury residential market where requirement of these properties moves ahead of affordable category.
Iconic properties of Mumbai – During the financial year, the company has introduced two ultra-luxury projects: “Aaradhya Avaan” in Tardeo with 6.5 lakh sq. ft. of carpet area and “Aaradhya OnePark” with 11 towers and 4.2 lakh sq. ft. of carpet area. by combining these projects include 10.8 lakh sq.ft. with huge revenue scope of Rs 4200 crore. “Aaradhya OnePark” saw huge launch by attaining Rs 333 crore in sales upon launch, rebuilding the requirements of luxury properties in Mumbai.
Strong Delivery – The company has increased its standards in the sector by paying attention on timely delivery of all its projects. The company delivered 3 large projects on time in FY-24 by obtaining occupancy certificate in remaining towers of “Aaradhya OneEarth” located in Ghatkopar West, Aaradhya High Park located in Atmosphere O2 in Mulund West and Dahisar East. all projects were completed on time and delivered with time period of 3.5 years to 4 years from date of launch.
Sales – The company observed amazing response from customers among its ongoing projects and new launches by managing healthy sales momentum. The company achieved annual turnover of Rs 744 crore from sale of 3 lakh sq. ft. of carpet area led by new launches and projects delivered in FY-24.
EPC segment
Revenue and net profit
The company’s EPC segment has provided over 50 million sq. ft. of construction across India. This segment generates income from infrastructure projects such as government residential projects, buildings, and its own residential buildings. Moreover, it has lot of scope to develop income through PMC (Project, management, Consultancy) fees for systematic maintenance of site, material, and labour on its real estate projects. Following are its strength:
Strong commitment to quality and proper delivery on time – This huge passion results in repeat customers who are satisfied fully.
Effective reviewing project and managing cost – This assures project is manage as per schedule and within budget.
Experience in complicated projects – Deep knowledge and expertise in managing infrastructure projects, townships, high rise buildings, and huge housing developments.
Ownership of Plant and Equipment – Reduces subcontracting which results in more efficient project implementation and control.
Revenue and net profit
Particulars
FY-24 (Rs. in crores)
Sales
1,263
Expenses
937
EBITDA
326
Other income
116
Interest
35
Depreciation
10
Profit before tax
397
-Tax (%)
(24%)
Net profit
303
Eps in Rs.
8.09
Balance Sheet (FY-24)
Liabilities
Rs
Assets
Rs
Equity Capital
74
Fixed assets
53
Reserves
1,389
CWIP
0
Borrowings
131
Investments
277
Other Laibilities
560
Other assets
1,824
Totral Liabilities
2,154
Total assets
2,154
Shareholding Pattern (March 2025)
Promoters
66.65%
FIIs
3.81%
DIIs
2.16%
Public
27.37%
Man Infraconstruction Ltd – Watch Full Video
Disclaimer – Stock market is a highly volatile market and unstable. Do your proper research and study before investing. Our website aims to provide information regarding the stock market. We are not responsible if you suffer any loss. Spend enough time on research. We are not providing investment or financial advice.
Man Infraconstruction Ltd Share Price Target – 2025 to 2040
Year
Minimum price (Rs)
Average price (Rs)
Maximum price (Rs)
2025
159
169
178
2026
180
191
202
2027
205
220
235
2028
240
256
272
2029
278
302
325
2030
328
371
413
2035
656
685
714
2040
1312
1413
1514
Man Infraconstruction Ltd Share Price Target – 2025
If market faces bearish sentiments, the minimum projected price is anticipated to hit Rs 159. The average trading price is projected to hit Rs 169 at the mid of the year. If market observes bullish sentiments, the maximum projected price is expected to touch Rs 178. In past few years, the company has carefully transitioned itself and increased its real estate portfolio to fulfill requirements of middle income group to include having huge money with client to fulfill various needs of customer. The company consistently looks for opportunities to improve value realization and increase profitability by looking projects that match management’s needs.
Man Infraconstruction Ltd Share Price Target – 2026
If market observes downward sentiments, the minimum projected price is estimated to hit Rs 180. The average trading price is projected to hit Rs 191 at the mid of the year. If market observes bullish sentiments, the maximum forecasted price is expected to hit Rs 202. The company has achieved huge success, specifically given priority to “Aaradhya OnePark” project in Ghatkopar East which observed Rs 333 crore in sales on launch. Moreover, the company is building amazing projects in South Mumbai at Tardeo and near Marine Lines under DM model.
Man Infraconstruction Ltd Share Price Target – 2027
If market faces bearish sentiments, the minimum projected price is estimated to hit Rs 205. The average trading price is projected to hit Rs 220 at the mid of the year. If market observes bullish sentiments, the maximum projected price is expected to hit Rs 235. The company recently launched project at Tardeo, “Aaradhya Avaan” is going to be one of the tallest residential towers in India exceeding more than 1000 feet in height. The project new Marine Lines purchased during financial year is going to be another iconic building standing over 800 feet height and providing amazing units with sea face views.
Man Infraconstruction Ltd Share Price Target – 2028
If market faces bearish sentiments, the minimum projected price is estimated to hit Rs 240. The average trading price is projected to hit Rs 256 at the mid of the year. If market observes bullish sentiments, the maximum anticipated price is expected to hit Rs 272. The company also added many projects under JV model. It is important to note that it is one of the largest redevelopment projects in western regions located in Goregaon West which includes 10 acre land parcel with approximately 17.5 lakh square feet of carpet area for sale.
Man Infraconstruction Ltd Share Price Target – 2029
If market faces bearish sentiments, the minimum projected price is estimated to touch Rs 278. The average trading price is projected to hit Rs 302 at the mid of the year. If market observes bullish sentiments, the maximum projected price is expected to hit Rs 325. Moreover, company stepped in amazing Pali Hll area in Bandra where it carried on redevelopment project to build ultra-luxurious residence with 4 and 5 BHK configurations. The company has these high vision projects by setting new guidelines for iving luxury lifestyle. The company completed and delivered first real estate international project located at Coconut Groove in Florida region of Miami.
Man Infraconstruction Ltd Share Price Target – 2030
If market faces bearish signals, the minimum projected price is estimated to hit Rs 328. The average trading price is projected to hit Rs 371 at the mid of the year. If market observes bullish sentiments, the maximum forecasted price is expected to hit Rs 413. The Coconut Groove project includes two villas with about 6000 square feet of carpet area. The second project is in joint venture which is first branded residential project by “Marriott International” including 2.2 lakh square feet of carpet area. this project is located at Fort Lauderdale is already launched and has observed huge response. The otehr project is “1505 Ponce” is in the early stages of approval process.
Man Infraconstruction Ltd Share Price Target – 2035
If market observes downward signals, the minimum projected price is estimated to touch Rs 656. The average trading price is projected to hit Rs 685 at the mid of the year. If market observes bullish sentiments, the maximum projected price is estimated to hit Rs 714. The company raised Rs 543 crores through preferential allotment and has observed huge success in the financial year. The company received 25% of allotment funds from investors with remaining 75% is projected by July 2025. This finance will support us to capture amazing opportunities available in this industry, building growth in future and creating value.
Man Infraconstruction Ltd Share Price Target – 2040
If market observes downward sentiments, the minimum projected price is estimated to hit Rs 1312. The average trading price is projected to hit Rs 1413 at the mid of the year. If market faces bullish sentiments, the maximum projected price is estimated to hit Rs 1514. The company has developed strong presence of sales from 60 lakh square feet carpet area in real estate portfolio. This includes strong launch of pipeline of Rs 39 lakh square feet across upcoming projects. In FY-25, the company is planning to launch about 11.5 lakh sq. ft. of carpet area with project vision of 3 to 5 years. This is based on market situations and permission from local authorities.
FAQs
Q1) Who is the owner of Man Infraconstruction Ltd?
Ans – The owner of Man Infraconstruction Ltd is Mr. Parag Shah with over 30 years of experience in construction sector.
Q2) What does Man Infraconstruction Ltd?
Ans – Man Infraconstruction Ltd (MICL) is integrated EPC (Engineering, Procurement, and Construction) company with deep experience and implementation capabilities in Port, commercial, residential, industrial, and road construction segments.
Q3) What is turnover of Man Infraconstruction Ltd?
Ans – The turnover of Man Infraconstruction Ltd in FY-13 was Rs 447 crores which has increased to Rs 1,263 crores in FY-24.
Q4) Who are the competitors of Man Infraconstruction Ltd?
Ans –The competitors of Man Infraconstruction Ltd are: Mahindra Lifespace Developers Ltd, PSP Projects Ltd, BL Kashyap and Sons Ltd, RDB Infrastructure and Power Ltd.
Q5) What is net profit of Man Infraconstruction Ltd?
Ans –The net profit of Man Infraconstruction Ltd in FY-13 was Rs 49 crores which has increased to Rs 303 crores in FY-24.
Q6) Is Man Infraconstruction Ltd a debt-free company?
Ans – Yes,Man Infraconstruction Ltd is a debt-free company.The Long-term borrowings is Rs 10 crores and short-term borrowings is Rs 8 crores. The cash and bank balance is Rs 452 crores. The net-debt is negative.
Q7) Is Man Infraconstruction Ltd a good share to buy?
Ans – Yes, Man Infraconstruction Ltd is a good share to buy for long-term purpose. The share price of company in 2010 was Rs 44 which has increased to Rs 160 in FY-25 generating returns of almost 262.24% in past 14 years.
