Shares of Man Infraconstruction Limited witnessed an upward movement during Tuesday's intraday trading session following a major corporate announcement regarding a share repurchase program. The company's board of directors gave the green light to a proposal aimed at buying back equity shares, generating significant interest among market participants.
Key Details of the Share Buyback
According to regulatory filings submitted to the BSE on Tuesday, September 1, the board approved the buyback of up to 99 lakh fully paid-up equity shares. Each share carries a face value of Rs 2, with the maximum buyback price capped at no more than Rs 171 per equity share. The total aggregate size of this corporate action amounts to Rs 169.29 crore.
At this maximum price and overall size, the firm will repurchase roughly 3.45 percent of its existing paid-up equity capital. In addition to clearing the buyback, the board has formally constituted a dedicated buyback committee, delegating necessary powers to oversee the entire implementation process efficiently.
Stock Market Performance and Metrics
During the session on Tuesday, September 1, the stock closed 1.45 percent higher at Rs 124.25 per share on the BSE, bringing the company's market capitalization to Rs 5,015.56 crore. Throughout the day, the equity touched an intraday high of Rs 126.30 and a low of Rs 121.60 per share. The firm's return on equity stood at 10.5 percent, while share values have climbed 26 percent over the past month and around 16 percent across six months.
Financial Health and Quarterly Figures
The company also highlighted its financial standing through recent quarterly numbers. For the June quarter of the financial year 2026-27, Man Infraconstruction posted a net profit of Rs 59.56 crore, compared to a net profit of Rs 33.35 crore in the March quarter of FY26. Meanwhile, net revenue for the June quarter reached Rs 102.72 crore, rising from approximately Rs 64.81 crore recorded in the preceding March quarter.
