Sunday, March 4, 2018

Fundamental and Technical Analysis of Man Infra March 2018

Man Infra
About the company
The group is divided in to 2 verticals one foccussing on construction other one on Real State
Construction Vertical
Man Infraconstruction is a leading construction company in India that has executed construction work for some of the most significant port projects in the country. We continue to alter the structural landscape through several other prestigious projects in the residential, commercial, Institutional and industrial space as well. Our commitment to excellence in quality was personified through India's first premier private port project for Nhava Sheva International Container Terminal at Jawaharlal Nehru Port Terminal, Navi Mumbai in 1997.
Subsequently, we have successfully worked on five ports viz., Jawaharlal Nehru Port Trust, Mundra Port, Chennai Port, Vallarpadam Port and the Pipavav Port. Man Infra has successfully executed construction of high rise building with 3 Residential Towers of 55 storey which is one of the tallest towers’ in western suburb of Mumbai. We have relentlessly explored and seized construction opportunities across various business verticals.
As a natural extension and in line with the aspiration to climb up the value chain, Man Infra (The Group) has entered into Real Estate Development. The Group is currently developing premium Residential Projects with an approximate sale-able area of 5 million sq. ft. in various suburbs of Mumbai. We aspire to be one of the top builders in Mumbai.
Real Estate Vertical
A Leading Real Estate Developer from Mumbai, MICL Group is a one of the pioneering real estate developers with its base in Mumbai. Our legacy dates back to 50 years+ in the field of construction that began with our parent company, Man Infraconstruction Ltd. We may be just 7 years into the field of development, but definitely not new has 50+ years of experience in construction domain.
Fundamental Analysis
Positives
Current Price: ₹ 54.50
Book Value: ₹ 28.21
Stock P/E: 21.46 which is less than industry average.
Dividend Yield: 1.98%
Face Value: ₹ 2.00
52 Week High/Low: ₹ 74.60 / ₹ 38.05
Promoter holding: 62.04%
Pledged percentage: 0.00%
Profit growth: 68.82%
Debt to equity: 0.47
Net profit preceding 12months: ₹ 61.72 Cr.
Concerns
QoQ Profits: have declined by -4.09%
Order Book not very strong enough.
Technical Analysis
The stock price has corrected nearly 40% of recent high but there is no sharp decline in OBV indicating strong hands continue to hold position in the stock.
The stock is available near a strong psychological support of 50 Rs if 50 is breached next support is at 38.
The dip in Nifty can be used to accumulate this stock and fundamentally looks really good for 30–35% returns in short term.
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Happy Investing !!!
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1 comment:

  1. Wonderful Post. Near analysis of both fundamentals and technically strong!

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