Construction Stock Receives Rs 2.65 Lakh From Stake Sale, Promoters Raise Stake Via Purchase of 78,000 Shares

After declaring on Tuesday that Man Aaradhya Infraconstruction LLP, in which Man Infraconstruction held a 98% partnership interest, had partially diluted its partnership interest to 45% and received cash of Rs. 2,65,000, Man Infraconstruction Ltd., a small-cap company in the construction industry, came under attention on Wednesday. In addition to its subsidiary, Man Vastucon LLP, which has a 5.50% partnership stake, the firm currently directly and indirectly owns a 50.5% stake in Man Aaradhya.

Additionally, Man Infraconstruction announced that on June 19, 2025, it incorporated a subsidiary company under the name "MICL Shreepati August LLP" for a total acquisition cost of Rs 50,500, which represents 50.50% of the partnership stake in MICL Shreepati August LLP and a capital contribution of Rs 1 lakh. In order to conduct real estate business and other relevant activities, MICL Shreepati August LLP was formed on June 19, 2025, although it has not yet started operations.

Meanwhile, promoters of Man Infraconstruction Limited have increased their stake in the company through open market purchases on June 16, 2025 as per a BSE filing. The report made in accordance with SEBI's SAST Regulations states that Mrs. Mansi P. Shah purchased 65,000 equity shares, bringing the total number of promoter acquisitions to 78,000 shares, while Mr. Parag K. Shah purchased 13,000 shares. The overall promoter and promoter group stake in the company increased to 66.73% of the entire share capital after this transaction. Mounting promoter confidence in the company's prospects is reflected in the acquisition. With 37.52 crore shares of Rs 2 apiece, the company's equity share capital of Rs 75.05 crore has not changed.

Particularly, after warrant conversion, the fully diluted share capital is Rs 81.25 crore. The shares were bought on the BSE and National Stock Exchange through open market transactions.

In terms of financials, Man Infraconstruction performed well in the quarter that ended on March 31, 2025 (Q4FY25), reporting a consolidated net profit of Rs 97.15 cr, up about 50% YoY from Rs 64.65 cr in Q4FY24. This was brought about by strong expense management, which reduced operating expenses to Rs 194.8 cr from Rs 261 cr, while operating revenue stayed steady at Rs 293.8 Cr. Profit before tax climbed by over 47% to Rs 40.6 crore, and EBITDA more than doubled to Rs 106.5 crore. The firm also announced a first interim dividend of Rs 0.45 per share, or 22.5% on a face value of Rs 2.

Technically, Man Infraconstruction remains in a bearish stage. As of June 18, technical indications plainly show a gloomy outlook, according to Investing.com. With all 12 moving averages and 8 oscillators indicating a sell, Investing.com rates the stock as a "Strong Sell." Significantly, the MACD reads -1.03, the RSI is close to 40.98 (below the neutral 50 mark), the stochastic is severely oversold at 16.6, and the ADX is at 27.3, all of which support the negative sentiment.