The article outlines the buyback details of the company, which is an integrated EPC company with experience and execution capabilities in Port, Residential, Commercial & Industrial, and Road construction segments.
With a market capitalization of Rs 4,933 crore, Man Infraconstruction Ltd’s share on Wednesday made a day high of Rs 125.85 per share, up by 1.2 percent from its previous close of Rs 124.25 per share. The stock of the company gave a negative return of 23.76 percent over the last year.
What Happened?
The Board of Directors of Man Infraconstruction has approved a buyback of fully paid-up equity shares with a face value of Rs 2 each at a maximum price of Rs 171 per share. The company will spend up to Rs 169.29 crore to buy back shares from shareholders other than promoters, the promoter group and persons acting in control, through the open market route via the stock exchange mechanism.
At the maximum buyback price and size, the company could repurchase up to 99 lakh equity shares, representing 2.45 percent of its total paid-up equity share capital as of September 1, 2026. If shares are bought back below Rs 171, the actual number of shares repurchased could be higher, subject to the maximum buyback size of Rs 169.29 crore.
Key Details
Buyback Premium: Man Infraconstruction has approved a buyback at a maximum price of Rs 171 per share, offering investors a potential premium of around 40 percent over its recent market price. The buyback price reflects the company’s decision to repurchase shares at a significantly higher valuation than current levels.
Buyback Size: The company will spend up to Rs 169.29 crore for the buyback, which will involve repurchasing a maximum of 99 lakh shares. This represents 2.45 percent of the company’s paid-up equity capital, making the buyback a meaningful capital allocation measure for shareholders.
Promoters excluded: The buyback will be carried out through the open market route, providing the company with flexibility in executing the repurchase. However, promoters, the promoter group, and persons acting in control will not participate in the buyback, meaning the shares will be purchased from eligible public shareholders.
Promoter holding to rise: If the company completes the maximum buyback of 99 lakh shares, promoter holding could increase from 62.52 percent to 64.09 percent. At the same time, public shareholding may decline from 37.48 percent to 35.91 percent, reflecting the impact of the share count reduction.
About the Company
Man Infraconstruction Ltd (MICL) is a Mumbai-based integrated EPC and real estate development company. It undertakes residential, commercial, industrial, institutional, and road projects, while also having expertise in marine and port infrastructure. Its real estate projects are developed mainly under the Aaradhya brand across the Mumbai Metropolitan Region.
Financial highlight: Revenue stood at Rs 218 crore in Q1 FY27, compared with Rs 183 crore in Q1 FY26, up 19 percent YoY. EBITDA stood at Rs 71.5 crore in Q1 FY27 from Rs 40.6 crore in Q1 FY26, up 76 percent YoY, while net profit stood at Rs 62.7 crore in Q1 FY27 against Rs 58.3 crore in Q1 FY26, up 29 percent YoY. EPS stood at Rs 1.77 in Q1 FY27, up 23 percent from Rs 1.44 in Q1 FY26.