Mamata Machinery Ltd Q2 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 16 Jul 2026 | Industrial Manufacturing | Market Cap: ₹1.0K Cr
Packaging machines are the main growth engine; expected to grow from INR 46 crores last year to about INR 64 crores this year (~40% growth). Mamata Machinery expects continued strong growth driven by packaging machines, with packaging revenue rising from INR 46 crores last year to INR 64 crores this year (40%+ growth).
From Mamata Machinery Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹420
Market Cap
₹1.0K Cr
P/E Ratio
60.9
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Mamata Machinery Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹67 Cr, net profit ₹8 Cr.
Full financials →📊 Revenue & Sales Performance
- →Packaging machines are the main growth engine; expected to grow from INR 46 crores last year to about INR 64 crores this year (~40% growth).
- →Expansion into Europe, Middle East, and Africa markets planned, aiming for breakthrough orders by Q3.
- →Long-term vision is to become a global top-five player in packaging machinery, leveraging both organic growth and acquisitions.
- →Overall revenue growth target remains around 18-20% medium-to-long term, though this year might be slower with plans to catch up later.
- →Order book as of September 2025 stands at INR 144 crores with 70% exports, providing good revenue visibility.
- →Strong focus on sustainable packaging solutions and recyclable films expected to accelerate brand adoption and drive future sales.
- →Continued investment in international trade shows and sales team expansion to support global growth.
📈 Profitability & Margins
- →Mamata Machinery expects continued strong growth driven by packaging machines, with packaging revenue rising from INR 46 crores last year to INR 64 crores this year (40%+ growth).
- →The company aims to maintain EBITDA margins around 14%, recovering from Q2 margin dip due to higher exhibition expenses.
- →One-time trade-related expenses are higher this year (about INR 12 crores vs. INR 8 crores last year), impacting short-term profitability but expected to normalize.
- →Operating cash flow was negative H1 but expected to stabilize by year-end.
- →Management anticipates business growth fueled by sustainability trends (recyclable films demand), regulatory drivers, and expansion into new markets (Europe, Middle East).
- →Order book has increased from INR 131 crores (Sept '24) to INR 144 crores currently, providing revenue visibility.
- →EPS growth is expected in the medium-to-long term, aligned with revenue growth and operational leverage.
- →The company remains committed to maintaining margins in 15-20% EBITDA range over time.
🏗️ Capital Expenditure Plans
- →Mamata Machinery has ongoing investments focused on expanding its product portfolio, particularly in packaging machinery and recyclable flexible packaging technologies.
- →The company emphasizes development of next-generation machinery capable of processing recyclable or mono-material films, addressing industry sustainability challenges.
- →There is a strategic focus on expanding presence in key international markets such as the US, Europe, and the Middle East, supported by aggressive recruitment and increased expenditure on global exhibitions (e.g., PACK Expo with a spend of nearly INR 2.5 crores, and Blast India exhibition with INR 4 crores expense).
- →Capital investments include building complete ecosystem capabilities: co-extrusion blown film lines, converting machinery, and packaging machines suited for sustainable films.
- →No explicit mention of specific capex amounts or future large-scale capital projects was made, but the company expects to maintain margins despite higher exhibition and marketing spends indicating ongoing strategic investments in market expansion and technology development.
💰 Fundraising & Capital Structure
- →As of the call, Mamata Machinery Limited is building a war chest of cash (INR 71 crores as of 30th September) to finance expansion plans and potential opportunistic acquisitions.
- →The company currently remains debt-free, operating through its own approvals without even a line of credit from banks.
- →No specific mention was made of any immediate plans for new fundraising through debt or equity.
- →The approach for growth is both organic and inorganic, implying that if acquisitions are pursued, financing might be needed in the future.
- →The focus currently is on internal cash generation and using the accumulated cash reserves for growth.
📋 Order Book & Pipeline
- →As of September 30, 2024, Mamata Machinery's order book stood at INR 144 crores, up from INR 131 crores the previous year.
- →Out of this, approximately INR 10 crores (for a nine-layer co-extrusion line) is expected to spill over into H1 FY27.
- →The remaining INR 134 crores of the order book is expected to be executed by end of H2 FY26.
- →The company has a pending order book in Mamata Enterprises of around INR 16.5 to 18 crores.
- →Packaging segment pending order book is about INR 20 crores, with INR 6 crores from the USA and balance from India.
- →Overall, the order book has a 70:30 export-to-domestic sales ratio, with about 70% of exports related to the US, Canada, and Central/South America markets.
Key Metrics
Frequently Asked Questions
What were Mamata Machinery Ltd Q2 FY26 results?
Packaging machines are the main growth engine; expected to grow from INR 46 crores last year to about INR 64 crores this year (~40% growth). Mamata Machinery expects continued strong growth driven by packaging machines, with packaging revenue rising from INR 46 crores last year to INR 64 crores this year (40%+ growth).
What is Mamata Machinery Ltd share price analysis?
Mamata Machinery Ltd currently shows a neutral. The stock trades at a P/E of 60.9 with a market cap of ₹1,046 Cr. Investors should review the full earnings analysis for detailed insights.
Is Mamata Machinery Ltd planning capital expenditure?
Mamata Machinery has ongoing investments focused on expanding its product portfolio, particularly in packaging machinery and recyclable flexible packaging technologies.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.