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1. At a Glance
Meghna Infracon is a Mumbai-based real estate developer with recent forays into redevelopment projects in Santacruz and Prabhadevi. FY25 Net Profit zoomed to ₹9.8 Cr on revenue of ₹39.9 Cr, but at P/E of 131, you’re paying more than DLF… for a company whose book value is ₹10.1. 😂
2. Introduction with Hook
Every bull market throws up a few mystery stocks — small equity, wild moves, big claims, tiny balance sheets. Meghna Infracon is that kid in class who suddenly shows up in designer clothes, new shoes, and says “papa builder hai.”
With a 1:1 bonus, multi-bagger move, and realty buzzwords flying around — this stock is lighting up screens. But is it “valuation justified” or just a well-staged pump show?
3. Business Model (WTF Do They Even Do?)
Meghna Infracon used to dabble in shares and securities trading, then pivoted to hotels, and now is into:
🏗️ Real estate development, especially
Redevelopment of prime Mumbai locations (Dadar, Santacruz)
Mid-sized residential/commercial mix
High ROCE due to low fixed asset base and minimal ongoing capex
But is there actual construction or just paper project announcements?
