| Investment Recouped | ₹300+ CrExisting project capital |
|---|---|
| Revenue Potential | ₹6,000+ CrProject total |
| Market Cap | ₹5,245.65 CrSmall Cap |
| PE TTM | 24.21Industry PE 31.13 |
| Order from | Godrej Properties Group |
Key highlights
- Transfer of joint development rights from MICL and Shreepati Group to Godrej Properties Group
- Immediate recoupment of existing project investment totaling more than ₹300 Crore
- Project covers approximately 2.5 acres in the premium Marine Lines locality of South Mumbai
- Estimated overall revenue potential for the residential development is ₹6,000+ Crore
- MICL to benefit from an agreed revenue-sharing arrangement and joint branding of the project
Strategic Partnership Structure
The collaboration marks a significant shift in the execution strategy for the Marine Lines project. Man Infraconstruction Limited, which previously served as the Development Manager for the site, has now partnered with Godrej Properties Group for the full development. Under the terms of this transaction, development rights formerly held jointly by MICL and the Shreepati Group have been transferred to Godrej.
This restructuring enables MICL to move from a management role to a revenue-sharing partner, ensuring long-term participation in the project's financial upside while securing an immediate return of invested capital.
Project Scale and Location Advantages
- The development is situated on a 2.5-acre land parcel in the heart of South Mumbai
- Residential units will offer unobstructed views of the Arabian Sea
- Strategic proximity to the Mumbai Coastal Road and upcoming Metro network
- Enhanced connectivity to Central Mumbai via the Atal Setu corridor
- The project will be developed as an iconic luxury high-rise residential destination
Financial and Operational Impact
From a financial perspective, the recoupment of ₹300+ Crore provides MICL with enhanced liquidity and the flexibility to pursue new development opportunities across the Mumbai metropolitan region. The company reported a TTM revenue of ₹665.88 Crore and a net profit of ₹216.65 Crore, maintaining a promoter holding of 62.52 percent. With a price-to-earnings ratio of 24.21 compared to the industry average of 31.13, the company continues to execute its real estate strategy through both EPC and luxury development verticals.
This transaction accelerates cash flows that would typically be realized only at later stages of the construction cycle.
Management Perspective
The early realisation of cash flows from the project will provide MICL with greater financial flexibility to pursue new development opportunities and expand its presence in Mumbai.
“The Marine Lines project in South Mumbai has always been one of the most prestigious opportunities in our portfolio. The transaction with Godrej unlocks the project's full potential and marks an important milestone in MICL's journey.”
| Share price | ₹129.95 |
|---|---|
| Market capitalisation | ₹5,245.65 Cr |
| Revenue (annual) | ₹630.46 |
| Net profit (annual) | ₹200.58 |
| P/E (TTM) | 24.21×Sector 32.99× |
| Promoter holding | 62.52%+0.06% QoQ |
| FII holding | 1.92%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Man Infraconstruction Limited announcing a landmark collaboration with Godrej Properties Group for a Marine Lines residential project. Market figures from a third-party data provider.
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