Promoter of Man Infraconstruction Ltd bought 2,50,000 shares in 3 trading sessions worth Rs 3,08,04,900

Over the course of three recent trading sessions, Parag K. Shah, the promoter of Construction-ltd-200083">Man Infraconstruction Ltd, significantly increased his stake in the company by acquiring a total of 2,50,000 shares via the open market, with the entire purchase aggregating to Rs 3,08,04,900. The latest disclosure to the BSE indicates that on the most recent day, Mr Shah bought 60,000 shares valued at approximately Rs 76,46,400. This followed a purchase of 90,000 shares on the day prior, worth Rs 1,10,20,500. The buying spree began two days ago with the acquisition of 1,00,000 shares for a value of Rs 1,21,38,000. These open market transactions by the company promoter signal a strong conviction in the stock's value.

About the Company

Man Infraconstruction Ltd, a Mumbai-based company listed on both NSE (MANINFRA) and BSE (533169), specialises in EPC (Engineering, Procurement, and Construction) and Real Estate Development. It has a 50-year EPC history and strong execution in the ports, residential, commercial, industrial, and road sectors across India. Man Infra 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.

According to Quarterly Results (Q2FY26), the company reported total income of Rs 187 crore and net profit of Rs 55 crore while in its half-yearly results (H1FY26), the company reported total income of Rs 413 crore and net profit of Rs 111 crore. Additionally, the company declared a second interim dividend of Rs 0.45 per equity share (or 22.50 per cent) for the financial year 2025-26. The Record Date for the dividend was Tuesday, November 18, 2025. The dividend payment will be made or dispatched to eligible shareholders on Tuesday, December 02, 2025.

The second quarter and first half of FY26 were highly successful for MICL Group, marked by a significant new project launch and doubled year-on-year sales. The company achieved sales of Rs 424 crore in Q2FY26 and cumulative sales of Rs 916 crore in H1FY26, primarily driven by strong performance across existing projects in Tardeo, Vile Parle (West), and Dahisar, selling 1.2 lakh sq. ft. and 2.6 lakh sq. ft. of carpet area, respectively. Collections for Q2FY26 stood at Rs 183 crore and Rs 417 crore for H1FY26. Crucially, MICL launched the much-anticipated luxury residential project, Artek Park, in October 2025 in the prime Bandra-Kurla Complex (BKC) location. This project, offering approximately 1.60 lakh sq. ft. of carpet area with an estimated sales potential exceeding Rs 850 crore (MICL holds a 34 per cent stake), has already secured aggregate sales of Rs 132 crore since its launch.

The company continues to demonstrate a strong balance sheet and strategic expansion, remaining net-debt free at consolidated levels with liquidity of approximately Rs 693 crore as of September 2025. Adding to its pipeline, MICL is preparing to launch new luxury projects in Pali Hill and Marine Lines during the remainder of FY26, which are currently in advanced stages of approval. Furthermore, the company expanded its global footprint through its wholly owned subsidiary, MICL Global, which acquired a 7.70 per cent interest in 1250 West Avenue, a luxury residential development in Miami, USA, comprising 102 condominium units across 3.70 lakh sq. ft. of indicative saleable area.

The company has a market cap of over Rs 5,000 crore with a net cash positive position. In FY25 results, the company reported net sales of Rs 1,108 crore and net profit of Rs 313 crore. The company's shares have an ROE of 18 per cent and an ROCE of 24 per cent. The stock has given multibagger returns of 600 per cent over 5 years span.

Disclaimer: The article is for informational purposes only and not investment advice.