Man Infraconstruction Recommends Final Dividend Of 22.5%, Shares Plunge 4.23%

Small cap company engaged in civil construction sector, Man Infraconstruction Ltd (MICL) shares today dropped by 4.23% as BSE Sensex witnessed decline too by 166 points to 78,593.07. Current market price of Man Infraconstruction shares on BSE is Rs 178.80 per share. The company's market capitalisation stood at Rs 6637.96 crore. Man Infraconstruction shares tanked 24% in last 6-months and zoomed 113% in last 2-years. Check key details below:

Man Infraconstruction Recommends Dividend: According to the BSE filing of Man Infraconstruction dated August 6, 2024, "Declared First Interim Dividend of Rs.0.45 per equity share (i.e. 22.5°/o) on 37,12,50,405 Equity Shares having Face Value of Rs. 2/- each, for the Financial Year 2024-25. The Record Date for the purpose of determining the entitlement of shareholders for the said First Interim Dividend has been fixed as Monday, 19th August, 2024 and the said dividend shall be paid/ dispatched on Friday, 30th August, 2024."

Man Infraconstruction Shares Performance: The 52-week high price of Man Infraconstruction shares on BSE is Rs 249.40 per share (as on 05/02/2024) and 52-week low price is Rs 132.75 per share (as on 23/08/2023), respectively. Man Infraconstruction shares recorded correction of 12.37% in last 1-week, slipped 18% year-to-date, soared 23% in last 1-year, gained 1104% in last 5-years.

Man Infraconstruction Q1 Results: The company declared its total income at Rs 368.4 crore for Q1 FY25 and profit before tax stood at Rs 113.2 crore. It registered an increase in PBT Margin to 30.7% in Q1FY25 vs 21.7% in Q1FY24. The company's profit after tax (PAT) announced at Rs 77.5 crore for Q1 FY25. According to the BSE filing of the company, "continues to be Net-Debt Free with cash and bank balance of Rs. 487 crores at consolidated levels providing considerable strength for future growth."
MICL's total investments surpassed 1,000 crores in its Real Estate Projects and it achieved Cash flow from Operations of Rs. 321 crores during Q1FY25.

About: Maninfra is headquartered in Mumbai having two business verticals viz., Construction and Real Estate Development. Maninfra is an integrated EPC (Engineering, Procurement and Construction) company with nearly six decades of experience and execution capabilities in Port, Residential, Commercial & Industrial and Road construction segments with projects spanning across India. As a Real Estate Developer, Maninfra Group has delivered 14 residential projects in Mumbai and is recognized for its superior quality construction and timely project delivery.

Disclaimer: The stock highlights dividend, Q1 and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.