Macpower CNC Machines Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹1,950 Cr
- P/E
- 50.13
- ROE
- 21.30%
- PEG
- 1.33
- Price to sales
- 5.30
- Debt to equity
- 0.00
- 52W high / low
- ₹2,195 / ₹778
- Sales growth (5Y)
- 24.17%
- EBITDA margin
- 16.71%
- Net profit margin
- 10.17%
- Promoter holding
- 73.22%
- Sales (last year)
- ₹367 Cr
Macpower CNC Machines Limited is engaged in the manufacture of Computerized Numerically Controlled (CNC) machines and Lathe Machines.[1]
Guidance scorecard · Q2 FY27 call
What Macpower CNC Machines Ltd's management guided
and where it ranks in Industrial Manufacturing
Industrial Manufacturing
RevenueQ1 FY27 call
20–40%- Targeting year-on-year revenue growth of 28% to 30% and recently increased to over 30% for FY27.
- Capacity utilization currently over 90% for existing 2,500 units capacity.
- New 13-acre facility expected to be operational within 12 months, enabling de-bottlenecking and scaling capacity.
- Anticipated incremental capacity addition of around 2,000 units in the near term, with phased expansion plans aiming for up to 10,000 units eventually.
- Volume growth expected roughly in line with revenue growth; average selling price slightly increasing from INR 20 lakh (last year) to about INR 20.5-20.75 lakh.
- Ongoing focus on backward integration to improve margins and operational efficiency.
2 more points from Macpower CNC Machines Ltd's call on revenue
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MarginsQ1 FY27 call
Up 2%+See what Macpower CNC Machines Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Macpower CNC Machines is investing in a new 13-acre facility (9+4 acres) near the existing plant.
- The new plant will feature a state-of-the-art, centrally air-conditioned assembly facility spanning approximately 1.5 to 2 lakh square feet.
- Estimated investment for this expansion is INR 50 crores.
- The expansion aims for de-bottlenecking, de-congestion, backward integration, and scaling operations to support long-term growth.
- Targeted completion is within 12 months.
- Funding planned through a prudent mix of internal accruals (INR 20-25 crores available) and debt, with expected low-interest cost (~1.25%) due to government subsidies.
- Eligible for benefits under Vikshit Gujarat New Industrial Policy 2026: 25% capital subsidy and 7% interest subsidy.
2 more points from Macpower CNC Machines Ltd's call on capex
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FundraisingQ1 FY27 call
PlannedSee what Macpower CNC Machines Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- The company has received INR 456 crore in orders with advance payments.
- There are over 1000 domestic quotation bids currently active.
- In Q1 FY27, new orders of about INR 145 crore were received, showing strong momentum.
- Order pipeline and bid book for defence and aerospace stands at INR 376 crore but the timeline and conversion rates are uncertain.
- The management expects continued strong order inflow in forthcoming quarters, with Q2 and Q3 likely to contribute significantly.
2 more points from Macpower CNC Machines Ltd's call on the order book
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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 Industrial Manufacturing
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Industrial Manufacturing companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 0–2% | ₹1,207 Cr | 111.0 | |
| 2 | 40%+ | Up 0–2% | ₹549 Cr | 33.8 | |
| 3 | 40%+ | Flat | ₹8,076 Cr | 94.4 | |
| 4 | 40%+ | Flat | ₹3,732 Cr | 81.2 | |
| 5 | 40%+ | Flat | ₹2,580 Cr | 61.2 | |
| 6 | 40%+ | Flat | ₹743 Cr | 43.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Industrial Manufacturing rankingFinancials of Macpower CNC Machines Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Macpower CNC Machines Ltd
Shareholding breakup across reporting periods.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 73.17% | 73.17% | 73.17% | 73.17% | 73.17% | 73.17% | 73.17% | 73.00% | 73.17% | 73.17% | 73.22% | 73.22% |
| FIIs + | 0.04% | 0.66% | 0.81% | 1.13% | 1.25% | 1.32% | 1.29% | 1.00% | 1.03% | 1.11% | 0.57% | 0.65% |
| DIIs + | 0.48% | 0.18% | 0.00% | 0.00% | 0.00% | 0.27% | 0.28% | 0.00% | 0.35% | 0.52% | 0.39% | 0.97% |
| Public + | 26.32% | 25.99% | 26.01% | 25.70% | 25.58% | 25.24% | 25.26% | 25.00% | 25.44% | 25.20% | 25.82% | 25.16% |
| No. of Shareholders | 11,771 | 11,984 | 14,597 | 16,876 | 17,699 | 17,769 | 16,979 | 16,617 | 16,346 | 15,968 | 16,120 | 20,904 |
Financials of Macpower CNC Machines Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 63 | 66 | 71 | 50 | 71 | 60 | 80 | 61 | 86 | 86 | 100 | 95 | 120 |
| Expenses + | 54 | 56 | 59 | 44 | 58 | 53 | 66 | 53 | 72 | 71 | 84 | 80 | 100 |
| Operating Profit | 9 | 10 | 13 | 7 | 13 | 8 | 14 | 8 | 14 | 16 | 16 | 15 | 20 |
| OPM % | 14% | 15% | 18% | 13% | 18% | 13% | 18% | 13% | 17% | 18% | 16% | 16% | 17% |
| Other Income + | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 8 | 9 | 12 | 5 | 11 | 6 | 12 | 6 | 13 | 13 | 14 | 13 | 18 |
| Tax % | 25% | 25% | 27% | 26% | 26% | 26% | 28% | 25% | 25% | 25% | 26% | 26% | 24% |
| Net Profit + | 6 | 7 | 9 | 4 | 8 | 4 | 9 | 5 | 9 | 10 | 10 | 10 | 13 |
| EPS in Rs | 6.16 | 7.03 | 8.85 | 4.01 | 8.30 | 4.47 | 8.60 | 4.56 | 9.38 | 9.79 | 10.15 | 9.58 | 13.46 |
Financials of Macpower CNC Machines Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 64 | 64 | 68 | 105 | 140 | 82 | 113 | 190 | 202 | 241 | 262 | 333 | 402 |
| Expenses + | 62 | 62 | 66 | 94 | 124 | 77 | 104 | 170 | 181 | 206 | 220 | 279 | 335 |
| Operating Profit | 2 | 2 | 2 | 12 | 17 | 5 | 9 | 20 | 21 | 35 | 42 | 54 | 67 |
| OPM % | 2.5% | 3.4% | 2.4% | 11% | 12% | 6% | 8% | 11% | 10% | 15% | 16% | 16% | 17% |
| Other Income + | 1 | 0 | 0 | 1 | 3 | 1 | 0 | 1 | 0 | 1 | -0 | 0 | 1 |
| Interest | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 2 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 3 | 4 | 6 | 7 | 8 |
| Profit before tax | 0 | 1 | 1 | 11 | 18 | 4 | 7 | 18 | 17 | 32 | 35 | 45 | 57 |
| Tax % | -26% | 35% | 20% | 35% | 30% | 30% | 11% | 30% | 26% | 26% | 27% | 25% | |
| Net Profit + | 0 | 0 | 1 | 7 | 13 | 3 | 6 | 13 | 13 | 24 | 25 | 34 | 43 |
| EPS in Rs | 0.62 | 0.88 | 1.39 | 7.04 | 12.64 | 2.73 | 6.03 | 12.83 | 12.88 | 24.09 | 25.43 | 33.86 | 42.98 |
| Dividend Payout % | 0% | 0% | 0% | 14% | 8% | 0% | 0% | 12% | 12% | 6% | 6% | 4% |
Financials of Macpower CNC Machines Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.50 | 0.60 | 0.60 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves | 1 | 2 | 3 | 43 | 56 | 57 | 62 | 75 | 87 | 109 | 133 | 165 | 187 |
| Borrowings + | 8 | 4 | 4 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 3 | 1 | 7 |
| Other Liabilities + | 17 | 18 | 25 | 41 | 43 | 31 | 62 | 58 | 42 | 61 | 72 | 90 | 97 |
| Total Liabilities | 27 | 25 | 33 | 95 | 109 | 98 | 134 | 143 | 139 | 180 | 218 | 265 | 301 |
| Fixed Assets + | 3 | 3 | 3 | 5 | 6 | 36 | 37 | 40 | 44 | 47 | 55 | 61 | 69 |
| CWIP | 0 | 0 | 0 | 0 | 6 | 1 | 1 | 0 | 0 | 3 | 5 | 1 | 0 |
| Investments | 1 | 0 | 0 | 8 | 1 | 1 | 20 | 5 | 5 | 5 | 0 | 0 | 0 |
| Other Assets + | 22 | 22 | 30 | 83 | 97 | 60 | 76 | 98 | 91 | 125 | 158 | 204 | 231 |
| Total Assets | 27 | 25 | 33 | 95 | 109 | 98 | 134 | 143 | 139 | 180 | 218 | 265 | 301 |
Financials of Macpower CNC Machines Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -0 | 6 | -2 | 10 | -11 | 2 | 23 | -7 | 5 | 17 | 7 | 14 |
| Cash from Investing Activity + | 1 | 1 | -1 | -10 | -3 | -1 | -20 | 10 | -7 | -10 | -11 | -11 |
| Cash from Financing Activity + | -2 | -2 | -4 | 39 | 2 | -1 | -1 | -1 | -1 | -2 | 1 | -3 |
| Net Cash Flow | -1 | 6 | -6 | 39 | -11 | -0 | 2 | 3 | -3 | 6 | -3 | 0 |
| Free Cash Flow | -2 | 6 | -3 | 8 | -19 | -21 | 18 | -11 | -2 | 6 | -9 | 3 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -20% | 309% | -93% | 125% | -32% | 63% | 257% | -6% | 45% | 70% | 42% | 48% |
Financials of Macpower CNC Machines Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 13 | 19 | 56 | 14 | 23 | 15 | 12 | 11 | 23 | 33 | 48 | 51 |
| Inventory Days | 125 | 78 | 127 | 142 | 183 | 306 | 285 | 208 | 184 | 203 | 243 | 259 |
| Days Payable | 114 | 119 | 176 | 183 | 143 | 155 | 208 | 114 | 73 | 97 | 124 | 128 |
| Cash Conversion Cycle | 25 | -22 | 7 | -27 | 63 | 165 | 89 | 105 | 134 | 139 | 167 | 182 |
| Working Capital Days | 10 | -15 | -1 | -2 | 59 | 102 | 25 | 60 | 81 | 86 | 113 | 120 |
| ROCE % | 8% | 19% | 18% | 36% | 30% | 6% | 10% | 23% | 19% | 30% | 27% | 29% |
Guidance history
How Macpower CNC Machines Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 20–40% | Up 2%+ | Planned | Planned | Rising |
| Q4 FY26 call → | 20–40% | Flat | Planned | Planned | Rising |
| Q3 FY26 call → | 20–40% | Up 2%+ | Planned | Planned | Rising |
| Q2 FY26 call → | 20–40% | Up 0–2% | Planned | Planned | Flat |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
94 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 | +127.4% | 95% |
| Last 6 months | +72.9% | 93% |
| Last 3 months | +31.6% | 92% |
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 Macpower CNC Machines Ltd: 0.4 × 95 + 0.4 × 93 + 0.2 × 92 = 94.
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 Macpower CNC Machines Ltd's management said in earlier quarters
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