Buy Man Infraconstruction, target price Rs 240: Axis Securities

Axis Securities has buy call on Man Infraconstruction with a target price of Rs 240. The current market price of Man Infraconstruction Ltd. is Rs 183.45.

Man Infraconstruction Ltd., incorporated in the year 2002, is a Small Cap company (having a market cap of Rs 6783.12 Crore) operating in Construction sector.

Man Infraconstruction Ltd. key Products/Revenue Segments include Contract Revenue, Consultancy Income, Other Operating Revenue and Rent for the year ending 31-Mar-2024.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 368.42 Crore, up 10.88 % from last quarter Total Income of Rs 332.26 Crore and down -29.66 % from last year same quarter Total Income of Rs 523.76 Crore. Company reported net profit after tax of Rs 75.68 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 67.31 per cent stake in the company as of 30-Jun-2024, while FIIs owned 3.57 per cent, DIIs 2.09 per cent.