MAN INFRACONSTRUCTION LTD. CMP: 62

MAN INFRACONSTRUCTION LTD. 

CMP: 62

Man Infra is in the Construction & Contracting - Civil sector. The current market capitalisation stands at Rs 1,535.74 crore.
The company management includes Berjis Desai - Chairman & Ind.Director, Parag Shah - Managing Director & CEO, Manan Shah - Whole Time Director, Suketu Shah - Whole Time Director, Kamlesh Vikamsey - Independent Director, Sivaramakrishnan Iyer - Independent Director, Dharmesh Shah - Independent Director, Shruti Udeshi - Non Executive Director. 
It is listed on the BSE with a BSE Code of 533169 and the NSE with an NSE Code of MANINFRA.

Theme: Government announced several measures to boost Infrastructure and Housing Sector in Union Budget 2017 Rs 3.96 lakh crore allocated to the Infrastructure sector which will benefit Man Infraconstruction.

1. Q1 FY17 PAT close to doubled to 22.3 crore from previous year 12 crore and such performance will be continued going ahead.
2. Promoters have brought around 33,63,393 Shares from open market in last one year
3. 4 Residential Development Projects ongoing with an estimated Saleable Area of ~2.6mn sq. ft. in Mumbai, Receives work order from Indian Port Rail Corporation Limited for development of Rail Yard Facility' at JNPT
4. Received large orders in the port infrastructure sector Completed 3 Residential projects in Mumbai; Residential projects of ~7.5mn sq. ft. of Estimated Saleable area ongoing/upcoming in Mumbai/MMR
5. Debt : Equity is 0.47 with healthy balance sheet 
6. 10,000 crore order book only in the Ports business in addition to which there are many commercial and residential projects
7. Rakesh Jhunjhunwala holds 1.21% stake in the company

I expect the company to post strong results for next 2-3 years with its strong order book and should create decent wealth going forward.