| Market Cap | ₹4,339.8 CrMid Cap |
|---|---|
| PE Ratio | 19.36Sector: 33.08 |
| Promoter Holding | 62.52%Stable QoQ |
| Order from | BMCTPL (JNPA reclamation) and unnamed client (Marine Lines Tower) |
| Deal value | ₹583 Cr |
| Share of market cap | 13.4% |
| Share of annual revenue | 74.4% |
| Order book | ₹858 Cr (1.1x revenue) |
Key highlights
- Aggregate value of two new orders stands at ₹583 crore, representing 74.4 percent of trailing twelve-month revenue
- EPC portfolio has grown from ₹275 crore in September 2026 to approximately ₹858 crore
- Secured a ₹508 crore mandate for a skyscraper residential tower at Marine Lines, South Mumbai
- Received a ₹75 crore Letter of Acceptance for reclamation works at JNPA from Bharat Mumbai Container Terminal
- New orders account for approximately 13.4 percent of the company's current market capitalization of ₹4,339.82 crore
Strategic Mandates in Residential and Port Infrastructure
Man Infraconstruction Limited has been awarded two significant EPC contracts that diversify its technical execution across the high-rise residential and port infrastructure segments. The primary order, valued at ₹508 crore, involves the construction of a skyscraper residential tower at Marine Lines in South Mumbai, showcasing the company's expertise in complex vertical structures. The second mandate is a ₹75 crore repeat order from Bharat Mumbai Container Terminal Private Limited for reclamation and yard-surcharging works at the Jawaharlal Nehru Port Authority in Navi Mumbai.
These additions provide substantial revenue visibility for the company's standalone business in the coming years.
Operational Growth and Portfolio Strengthening
- EPC portfolio strengthened to approximately ₹858 crore from ₹275 crore reported in September 2026
- The company has executed over 60 million square feet of construction across more than 60 projects to date
- Latest quarterly revenue reached ₹266.01 crore, marking a 78.83 percent year-on-year increase
- Operating profit margin for the quarter ended September 2026 stood at 30.29 percent
- Order book now represents 1.1 times the company's trailing twelve-month operating revenue
Management on EPC Milestones
The addition of these two work orders, aggregating ₹583 crore, marks a significant milestone for our EPC business. The Marine Lines Tower construction order reflects our engineering expertise and capabilities in executing complex, high-rise structures, while the repeat order from BMCTPL underscores the trust placed in our execution capabilities and commitment to quality.
Project Pipeline and Forward Strategy
The new orders align with MICL's broader 'Vision 2031' roadmap, which aims to scale its real estate development portfolio to a gross development value of over ₹35,000 crore. Recent project approvals including the ₹1,000 crore Berkeley House in Bandra West and the ₹2,000 crore Tardeo 2.0 luxury project indicate a concentrated focus on high-value Mumbai real estate. While the company pursues external EPC opportunities to maintain cash flows, it continues to leverage its in-house construction capabilities to meet captive requirements for its growing luxury residential development vertical.
| Date | Announcement | Amount |
|---|---|---|
| 10 Aug 2026 | Secured Intimation of Approval (IOA) for ultra-luxury sea-view residential development (Berkeley House) off Bandstand, Bandra WestSource: sahi.com | ₹1,000.00 Cr |
| 24 Jun 2026 | Secured Intimation of Approval (IOA) for Tardeo 2.0 luxury residential redevelopment projectSource: BSE filing | ₹2,000.00 Cr |
| 18 May 2026 | Acquired development rights for ultra-luxury sea-view residential development off Bandstand, Bandra WestSource: maninfra.com | ₹1,000.00 Cr |
| 03 Feb 2025 | Awarded Project Management Consultancy (PMC) contract for cluster redevelopment project in Vile Parle West spanning 14.3 lakh sq. ft. construction areaSource: maninfra.com | – |
| 10 Jan 2025 | Contract awarded by Maharashtra PWD for construction of a major bridge on MDR 96 in Taluka Kalyan, Thane DistrictSource: maninfra.com | ₹15.00 Cr |
What to watch next
- Closing of the ₹169.29 crore open-market equity share buyback program on 16 December 2026
- Execution milestones for the Marine Lines skyscraper residential project
- Updates on the ₹1,000 crore Berkeley House luxury development in Bandra West following August 2026 approvals
“With our EPC portfolio now standing at approximately ₹858 crore, we have enhanced revenue visibility for our standalone business over the coming years. Going forward, we will continue to leverage our EPC capabilities to meet our captive requirements while selectively pursuing suitable external opportunities as they arise, with a focus on predictable cash flows and margins.”
| Share price | ₹107.51 |
|---|---|
| Market capitalisation | ₹4,339.82 Cr |
| Revenue (annual) | ₹630.46 Cr |
| Net profit (annual) | ₹200.58 Cr |
| Revenue (latest quarter) | ₹266.01 Cr+21.85% vs previous quarter |
| Net profit (latest quarter) | ₹62.76 Cr-12.40% vs previous quarter |
| P/E (TTM) | 19.36×Sector 33.08× |
| Promoter holding | 62.52%0.00% QoQ |
| FII holding | 1.79%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 the securing of two new EPC work orders worth ₹583 crore. Market figures from a third-party data provider.
