Man Infraconstruction Limited (MICL), established in 1969 and headquartered in Mumbai, Maharashtra, is a renowned integrated EPC (Engineering, Procurement & Construction) company with a proven track record of delivering diverse and complex construction projects. Over the decades, MICL has established itself as a leader in the infrastructure construction sector, specializing in residential, commercial, industrial, and port infrastructure, as well as road construction. The company has executed numerous landmark projects across India, showcasing its expertise, quality standards, and timely execution capabilities. With a focus on innovation and engineering excellence, MICL continues to play a pivotal role in shaping India’s urban and industrial landscapes, catering to a broad spectrum of infrastructure needs while maintaining a strong commitment to sustainable practices and client satisfaction.
Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | |
Promoters + | 67.19% | 67.31% | 67.31% | 67.18% | 66.62% |
FIIs + | 3.50% | 3.55% | 3.57% | 3.71% | 4.56% |
DIIs + | 2.09% | 2.10% | 2.09% | 1.69% | 2.15% |
Public + | 27.19% | 27.04% | 27.04% | 27.40% | 26.66% |
No. of Shareholders | 78,874 | 87,458 | 96,711 | 1,08,199 | 1,00,983 |
The shareholding pattern of Man Infraconstruction Limited showcases a dynamic distribution among various categories of investors throughout 2023 and 2024. Promoters maintained a significant majority, holding 67.19% in December 2023, which saw slight fluctuations, ending at 66.62% by December 2024. Foreign Institutional Investors (FIIs) displayed a steady upward trend, increasing their stake from 3.50% in December 2023 to 4.56% by the end of 2024, indicating growing international interest. Domestic Institutional Investors (DIIs) experienced minor variations, with their holdings moving from 2.09% in December 2023 to 2.15% in December 2024, despite a dip in September 2024. Public shareholding saw a marginal decline, from 27.19% in December 2023 to 26.66% in December 2024. Notably, the number of shareholders expanded significantly during this period, peaking at 1,08,199 in September 2024, before settling at 1,00,983 by year-end. This data highlights a strong promoter presence, increasing institutional interest, and a growing shareholder base for Man Infraconstruction Limited.
Latest News on Man Infraconstruction
Man Infraconstruction Limited (MICL) is making significant strides in the renewable energy sector as part of its strategic expansion. The company has announced its partnership with a leading UK-based multinational to develop the Chhatrapati Shivaji Maharaj Saur Urja Park (CSMSUP) in Maharashtra, a groundbreaking project with a planned capacity of 1.2 GW. This state-of-the-art solar park underscores MICL’s commitment to sustainable energy solutions and its vision for a greener future. Additionally, the company is undertaking other solar hybrid projects in Maharashtra and Andhra Pradesh, further strengthening its presence in the renewable energy domain. These initiatives reflect MICL’s dedication to diversifying its portfolio and contributing to India’s renewable energy goals.
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➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
When | Maximum Price | Minimum Price |
February 2025 | 241.99 | 186.15 |
March 2025 | 247.07 | 190.05 |
April 2025 | 244.62 | 188.17 |
May 2025 | 237.50 | 182.69 |
June 2025 | 248.19 | 190.91 |
July 2025 | 243.32 | 187.17 |
August 2025 | 250.85 | 192.96 |
September 2025 | 253.86 | 195.27 |
October 2025 | 260.46 | 200.35 |
November 2025 | 266.97 | 205.36 |
December 2025 | 278.98 | 214.60 |
As we move through 2025, the share price of Man Infraconstruction is projected to show consistent growth. In February, the maximum price is expected to reach ₹241.99, with a minimum of ₹186.15. By December, the stock is anticipated to achieve its yearly peak, with the maximum price soaring to ₹278.98 and the minimum stabilizing at ₹214.60.
When | Maximum Price | Minimum Price |
January 2026 | 287.35 | 221.04 |
February 2026 | 280.17 | 215.51 |
March 2026 | 285.77 | 219.82 |
April 2026 | 291.60 | 224.31 |
May 2026 | 288.72 | 222.09 |
June 2026 | 295.93 | 227.64 |
July 2026 | 290.13 | 223.18 |
August 2026 | 299.10 | 230.08 |
September 2026 | 305.09 | 234.68 |
October 2026 | 313.02 | 240.78 |
November 2026 | 320.84 | 246.80 |
December 2026 | 328.86 | 252.97 |
As we move through 2026, the share price of Man Infraconstruction is forecasted to experience consistent growth. Starting in January, the maximum price is expected to touch ₹287.35, with a minimum of ₹221.04. By December, the stock is projected to reach its highest point of the year, with a maximum of ₹328.86 and a minimum of ₹252.97.
When | Maximum Price | Minimum Price |
January 2027 | 332.15 | 255.50 |
February 2027 | 340.67 | 262.05 |
March 2027 | 353.96 | 272.27 |
April 2027 | 347.02 | 266.94 |
May 2027 | 336.91 | 259.16 |
June 2027 | 352.07 | 270.82 |
July 2027 | 345.17 | 265.51 |
August 2027 | 355.84 | 273.72 |
September 2027 | 368.30 | 283.30 |
October 2027 | 377.87 | 290.67 |
November 2027 | 387.32 | 297.94 |
December 2027 | 397.00 | 305.39 |
When | Maximum Price | Minimum Price |
January 2028 | 404.94 | 311.49 |
February 2028 | 415.32 | 319.48 |
March 2028 | 431.52 | 331.94 |
April 2028 | 423.06 | 325.43 |
May 2028 | 410.74 | 315.95 |
June 2028 | 429.22 | 330.17 |
July 2028 | 420.81 | 323.70 |
August 2028 | 433.82 | 333.71 |
September 2028 | 449.00 | 345.39 |
October 2028 | 460.68 | 354.37 |
November 2028 | 472.19 | 363.23 |
December 2028 | 484.00 | 372.31 |
When | Maximum Price | Minimum Price |
January 2029 | 493.68 | 379.75 |
February 2029 | 506.34 | 389.49 |
March 2029 | 526.09 | 404.68 |
April 2029 | 515.77 | 396.75 |
May 2029 | 500.75 | 385.19 |
June 2029 | 523.28 | 402.52 |
July 2029 | 513.02 | 394.63 |
August 2029 | 528.89 | 406.84 |
September 2029 | 547.40 | 421.08 |
October 2029 | 561.63 | 432.02 |
November 2029 | 575.67 | 442.82 |
December 2029 | 590.06 | 453.90 |
When | Maximum Price | Minimum Price |
January 2030 | 601.86 | 462.97 |
February 2030 | 617.30 | 474.84 |
March 2030 | 641.37 | 493.36 |
April 2030 | 628.80 | 483.69 |
May 2030 | 610.48 | 469.60 |
June 2030 | 637.95 | 490.73 |
July 2030 | 625.44 | 481.11 |
August 2030 | 644.79 | 495.99 |
September 2030 | 667.36 | 513.35 |
October 2030 | 684.71 | 526.70 |
November 2030 | 701.82 | 539.86 |
December 2030 | 719.37 | 553.36 |
As we go forward into 2030, the share price of Man Infraconstruction is expected to show a robust upward trend. In January, the maximum price is projected to reach ₹601.86, with a minimum of ₹462.97. By December, the stock is anticipated to attain its peak for the year, with the maximum price climbing to ₹719.37 and the minimum settling at ₹553.36.
Man Infraconstruction Financial Condition
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
Sales + | 267 | 427 | 961 | 1,890 | 1,263 | 1,111 |
Expenses + | 269 | 331 | 714 | 1,476 | 937 | 889 |
Operating Profit | -2 | 97 | 248 | 414 | 326 | 222 |
OPM % | -1% | 23% | 26% | 22% | 26% | 20% |
Other Income + | 32 | 26 | 202 | 53 | 116 | 151 |
Interest | 57 | 58 | 62 | 58 | 35 | 22 |
Depreciation | 7 | 9 | 9 | 11 | 10 | 9 |
Profit before tax | -34 | 55 | 379 | 397 | 397 | 342 |
Tax % | -64% | 40% | 21% | 27% | 24% | |
Net Profit + | -12 | 33 | 299 | 289 | 303 | 280 |
EPS in Rs | -0.19 | 0.86 | 5.83 | 6.96 | 8.09 | 7.28 |
Dividend Payout % | -191% | 70% | 22% | 13% | 20% |
Man Infraconstruction has demonstrated notable financial progress over recent years, reflecting its robust operational capabilities and strategic growth initiatives. Starting from a sales figure of ₹267 crore in March 2020, the company scaled up significantly, achieving ₹1,890 crore by March 2023, before a slight decline to ₹1,263 crore in March 2024. Expenses have also grown in line with revenue, from ₹269 crore in March 2020 to ₹1,476 crore in March 2023, dropping to ₹937 crore in March 2024. The company’s operating profit surged from a loss of ₹2 crore in March 2020 to a peak of ₹414 crore in March 2023, with an OPM% stabilizing at 26% in March 2024.
Man Infraconstruction’s other income has been a significant contributor, spiking to ₹202 crore in March 2022 and settling at ₹116 crore in March 2024. Interest expenses have been consistently managed, reducing from ₹57 crore in March 2020 to ₹35 crore in March 2024, showcasing improved financial efficiency. The profit before tax rose from a loss of ₹34 crore in March 2020 to a strong ₹397 crore in both March 2023 and March 2024.
The company’s net profit improved from a loss of ₹12 crore in March 2020 to ₹303 crore in March 2024, driven by consistent tax management and operational excellence. Earnings per share (EPS) increased impressively from negative ₹0.19 in March 2020 to ₹8.09 in March 2024, underscoring value creation for shareholders. Dividend payout percentages reflect a balanced approach, fluctuating from 70% in March 2021 to 20% in March 2024, ensuring sustainable returns. These results highlight Man Infraconstruction’s robust financial health and its commitment to long-term growth.
FAQs
What is the current market capitalization of Man Infraconstruction?
As of February 04th, 2025, the market cap is quite strong, standing at ₹7,410 Crores.
Man Infraconstruction shares are currently trading at ₹200 as of February 04th, 2025.
Looking ahead, the share price is expected to range between ₹182.69 to ₹278.98 by 2025.
The long-term outlook is optimistic, with a projected range of ₹553.36 to ₹719.37 by December 2030.
What is the current Price-to-Earnings (PE) ratio of Man Infraconstruction?
Currently, the stock’s PE ratio is at a reasonable 27.4.
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Conclusion
In conclusion, Man Infraconstruction Limited (MICL) has showcased exceptional growth and resilience in its operations, financial performance, and market presence. Established in 1969, the company has become a leader in infrastructure development with a diverse portfolio spanning residential, commercial, industrial, and renewable energy sectors. The shareholding patterns from 2023 to 2024 highlight strong promoter presence, increasing institutional interest, and a growing shareholder base, reflecting investor confidence. Financially, MICL has demonstrated robust progress through significant growth in sales, operating profit, and efficient cost management, despite minor fluctuations. Its strategic entry into renewable energy underscores a commitment to innovation and sustainability, aligning with India’s energy goals. With steady upward trends in share price projections for 2025-2030, MICL is well-positioned for sustained success, supported by strategic initiatives, a solid financial foundation, and a focus on creating value for its stakeholders.
What did we learn?
- 1 Shareholdings Patterns of Man Infraconstruction
- 2 Latest News on Man Infraconstruction
- 3 How to Buy Man Infraconstruction Shares in India?
- 4 Man Infraconstruction Share Price Prediction: 2025 – 2030
- 4.1 Man Infraconstruction Share Price Target 2025
- 4.2 Man Infraconstruction Share Price Prediction 2026
- 4.3 Man Infraconstruction Share Price Prediction 2027
- 4.4 Man Infraconstruction Share Price Traget 2028
- 4.5 Man Infraconstruction Share Price Prediction 2029
- 4.6 Man Infraconstruction Share Price Prediction 2030
- 5 Man Infraconstruction Financial Condition
- 6 FAQs
- 6.1 What is the current market capitalization of Man Infraconstruction?
- 6.2 What is the current share price of Man Infraconstruction?
- 6.3 What is the share price target for Man Infraconstruction in 2025?
- 6.4 What is the share price target for Man Infraconstruction in 2030?
- 6.5 What is the current Price-to-Earnings (PE) ratio of Man Infraconstruction?
- 7 Conclusion