Rs 416 crore EPC order book: Infraconstruction company acquired 23% partnership interest in Starcrete LLP for Rs 23,75,000; now holds 98%
DSIJ Intelligence-1 / 02 Sep 2025/ Categories: Mindshare, Trending
The stock is up 20 per cent from its 52-week low of Rs 135.05 per share.
Man Infraconstruction Limited has announced the acquisition of an additional 23 per cent partnership interest in its subsidiary, Starcrete LLP, for a cost of Rs 23,75,000. This acquisition, completed on September 1, 2025, increases Man Infraconstruction's total stake in the LLP to 98 per cent. The transaction is considered a related-party transaction because Starcrete LLP is already a subsidiary, although the company's promoters have no personal interest in the entity.
Following the acquisition, the main business activity of Starcrete LLP has changed. Previously focused on producing and trading building materials, such as ready-mix concrete, the LLP will now undertake EPC (Engineering, Procurement, and Construction) and real estate activities. The fixed capital contribution of Starcrete LLP has also been increased from Rs 1,00,000 to Rs 25,00,000. This strategic move aligns Starcrete LLP's business more closely with the core operations of Man Infraconstruction, which also operates in the EPC and real estate sectors.
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.
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In June 2025, FIIs increased their stake to 4.28 per cent compared to March 2025. Man Infraconstruction Ltd. has announced a strong order book of Rs 416 crore as of June 2025. The company has a market cap of over Rs 6,000 crore with a net cash positive position.
According to Quarterly Results (Q1FY26), the company reported net sales of Rs 183 crore and net profit of Rs 58 crore while 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 is up 20 per cent from its 52-week low of Rs 135.05 per share.
Disclaimer: The article is for informational purposes only and not investment advice.