Macfos Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹1,191 Cr
- P/E
- 44.87
- ROE
- 30.85%
- PEG
- 0.88
- Price to sales
- 3.59
- Debt to equity
- 0.37
- 52W high / low
- ₹1,300 / ₹723
- Sales growth (5Y)
- 62.65%
- EBITDA margin
- 11.63%
- Net profit margin
- 8.31%
- Promoter holding
- 69.12%
- Sales (last year)
- ₹331 Cr
Guidance scorecard · Q1 FY27 call
What Macfos's management guided
and where it ranks in Retailing
Retailing
RevenueQ4 FY26 call
10–20%- B2B revenue proportion expected to increase gradually, settling at an unspecified level; B2C order volume share expected to grow.
- Sales revenue, brand growth, and segment growth are key KPIs, with customer numbers and order growth expected to follow naturally.
- Market in electronics and online segments projected to remain robust for at least 2-3 more years, with new technologies and trends driving growth.
- Average order value and product portfolio expansion contribute to sustained growth.
- New SKUs added comfortably (~10,000-15,000 annually) to drive category revenue.
- ROBU 2.0 (own branded products) invested in for long-term margin improvement; expected to yield 10%+ higher gross margins than regular products.
2 more points from Macfos's call on revenue
Create a free account to keep reading this call
MarginsQ4 FY26 call
Up 0–2%See what Macfos said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- Currently, there are no immediate plans for any capex or warehouse expansion this year.
- The company continuously looks to expand warehousing and order processing capacity as part of its annual targets due to SKU growth and shipment needs.
- Past warehouse setup (moved 4-5 years ago) was intended to support 4-5 years of stable operations but became insufficient in 2-3 years, indicating ongoing assessment of capacity needs.
- Investments are primarily focused on building teams and product development for proprietary products (ROBU 2.0) rather than heavy equipment or inventory investments.
2 more points from Macfos's call on capex
Create a free account to keep reading this call
FundraisingQ4 FY26 call
PlannedSee what Macfos said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
- The management emphasizes focusing on revenue and order growth.
- For detailed orderbook information, the company suggested reaching out by mail to get relevant data.
Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Retailing
on management's own guidance
- Strong growth2
- Strong growth1
- Entero Healthcare Solutions LtdGood growth3
Portfolio builder
Build your portfolio
from the top-ranked stocks
- 1. Pick 3–15 stocks
- 2. Choose large, mid or small cap and your sectors
- 3. Get a portfolio built from the rankings
Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Retailing companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹6,264 Cr | 38.2 | |
| 2 | 40%+ | Flat | ₹6,053 Cr | 53.9 | |
| 3 | Entero Healthcare Solutions Ltd | 20–40% | Up 0–2% | ₹6,899 Cr | 53.5 |
| 4 | 20–40% | Up 0–2% | ₹790 Cr | 19.0 | |
| 5 | 20–40% | Flat | ₹3.14L Cr | 725.0 | |
| 6 | 20–40% | Flat | ₹1.12L Cr | 170.8 |
Sign up free to see every company in the sector ranking and track Macfos.
Pro shows every company guiding 40%+ revenue growth →Full Retailing rankingFinancials of Macfos
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Macfos
Quarterly Results
Quarter-by-quarter operating performance
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 25.94 | 27.04 | 31.25 | 40.90 | 56.82 | 89.87 | 45.80 | 62.49 | 59.27 | 68.48 | 78.89 | 102.11 |
| Expenses + | 23.42 | 24.09 | 27.46 | 34.64 | 51.50 | 80.96 | 42.06 | 56.01 | 52.28 | 61.28 | 70.84 | 88.21 |
| Operating Profit | 2.52 | 2.95 | 3.79 | 6.26 | 5.32 | 8.91 | 3.74 | 6.48 | 6.99 | 7.20 | 8.05 | 13.90 |
| OPM % | 9.71% | 10.91% | 12.13% | 15.31% | 9.36% | 9.91% | 8.17% | 10.37% | 11.79% | 10.51% | 10.20% | 13.61% |
| Other Income + | 0.29 | 0.27 | 0.34 | 0.33 | 0.50 | 0.43 | 0.87 | 0.89 | 0.59 | 0.77 | 0.85 | 0.78 |
| Interest | 0.22 | 0.33 | 0.40 | 0.34 | 0.33 | 0.68 | 0.67 | 0.54 | 0.44 | 0.74 | 0.92 | 1.04 |
| Depreciation | 0.13 | 0.17 | 0.20 | 0.18 | 0.15 | 0.19 | 0.23 | 0.30 | 0.36 | 0.40 | 0.42 | 0.46 |
| Profit before tax | 2.46 | 2.72 | 3.53 | 6.07 | 5.34 | 8.47 | 3.71 | 6.53 | 6.78 | 6.83 | 7.56 | 13.18 |
| Tax % | 26.02% | 25.00% | 29.18% | 25.70% | 25.09% | 25.86% | 25.61% | 25.27% | 25.66% | 25.18% | 25.66% | 25.19% |
| Net Profit + | 1.82 | 2.05 | 2.50 | 4.51 | 4.01 | 6.28 | 2.76 | 4.89 | 5.04 | 5.12 | 5.63 | 9.85 |
| EPS in Rs | 1.88 | 2.11 | 2.58 | 4.65 | 3.86 | 6.04 | 2.65 | 4.70 | 4.85 | 4.92 | 5.41 | 9.51 |
Financials of Macfos
Profit & Loss
Annual income statement trend
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales + | 16 | 27 | 56 | 80 | 125 | 255 | 309 |
| Expenses + | 15 | 24 | 47 | 69 | 110 | 231 | 273 |
| Operating Profit | 1 | 3 | 9 | 11 | 16 | 24 | 36 |
| OPM % | 8% | 11% | 16% | 14% | 12% | 10% | 12% |
| Other Income + | 0 | 0 | 0 | 1 | 1 | 3 | 3 |
| Interest | 1 | 1 | 1 | 1 | 1 | 2 | 3 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 1 | 2 |
| Profit before tax | 0 | 2 | 8 | 10 | 15 | 24 | 34 |
| Tax % | 19% | 25% | 26% | 26% | 26% | 25% | 25% |
| Net Profit + | 0 | 2 | 6 | 7 | 11 | 18 | 26 |
| EPS in Rs | 7.64 | 11.22 | 17.25 | 24.76 | |||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Macfos
Balance Sheet
Capital structure and asset base
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 9 | 9 | 9 | 10 |
| Reserves | 1 | 3 | 9 | 8 | 19 | 61 | 86 |
| Borrowings + | 4 | 4 | 6 | 6 | 8 | 20 | 36 |
| Other Liabilities + | 1 | 3 | 5 | 10 | 15 | 18 | 28 |
| Total Liabilities | 6 | 9 | 20 | 33 | 50 | 108 | 160 |
| Fixed Assets + | 1 | 1 | 1 | 6 | 6 | 10 | 11 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 5 | 9 | 20 | 27 | 44 | 97 | 149 |
| Total Assets | 6 | 9 | 20 | 33 | 50 | 108 | 160 |
Financials of Macfos
Cash Flows
Operating, investing and financing cash movement
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 0 | 0 | -1 | 6 | 4 | -25 | -8 |
| Cash from Investing Activity + | -1 | -0 | -0 | -5 | -5 | -10 | -3 |
| Cash from Financing Activity + | 1 | -0 | 2 | -1 | 0 | 35 | 13 |
| Net Cash Flow | 1 | -0 | 1 | 0 | -0 | -0 | 2 |
| Free Cash Flow | -0 | 0 | -1 | 1 | 2 | -29 | -11 |
| CFO/OP | 49% | 30% | 7% | 86% | 48% | -72% | -1% |
Financials of Macfos
Ratios
Working capital efficiency and return ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 2 | 12 | 11 | 11 | 10 | 8 | 16 |
| Inventory Days | 108 | 105 | 112 | 104 | 95 | 98 | 122 |
| Days Payable | 35 | 34 | 23 | 37 | 30 | 18 | 26 |
| Cash Conversion Cycle | 75 | 82 | 100 | 78 | 75 | 88 | 113 |
| Working Capital Days | -14 | 24 | 62 | 58 | 51 | 68 | 81 |
| ROCE % | 47% | 81% | 58% | 55% | 42% | 34% |
Guidance history
How Macfos's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 10–20% | Up 0–2% | Planned | Planned | — |
| Q2 FY26 call → | 40%+ | Flat | Planned | — | — |
| Q4 FY25 call → | 20–40% | Flat | — | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
77 out of 100 — Strengthening
Over the past year its share price has done better than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +53.3% | 86% |
| Last 6 months | +15.3% | 71% |
| Last 3 months | +4.9% | 72% |
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Macfos: 0.4 × 86 + 0.4 × 71 + 0.2 × 72 = 77.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Macfos's management said in earlier quarters
Others in Retailing this season
- Trent Ltd (Q2 FY27)
Q2 FY27 revenue from operations stood at ₹5,788 crore (Standalone), a 23% YoY increase from Q2 FY26. Key investor presentation takeaways from Trent Ltd's Q2 FY2
- Womancart Ltd (Q2 FY27)
Revenue from Operations for the quarter ended 30.09.2026 was ₹2,837.72 lakhs (Page 10). Key results statement takeaways from Womancart Ltd's Q2 FY27 results sta
- Meesho Ltd (Q2 FY27)
Year-on-year revenue growth: Approximately 34.4% increase ((41,315.82 . Key results statement takeaways from Meesho Ltd's Q2 FY27 results statement — and how it
- Info Edge (India) Ltd (Q2 FY27)
Standalone Revenue from Operations Q2FY27:** ₹842 crore, up 12.8% YoY (from ₹746 crore in Q2FY26) (Page 53, 24) . Key investor presentation takeaways from Info