Magellanic Cloud Q2 FY26 Share Price & Earnings Call Analysis

₹24.49-0.69% today

Market cap: ₹1,443 Cr
P/E: 12.93
ROE: 18.98%
PEG: 0.83
Price to sales: 2.03
Debt to equity: 0.43
52W high / low: ₹66.9 / ₹19.8
Sales growth (5Y): 26.92%
EBITDA margin: 29.37%
Net profit margin: 16.38%
Promoter holding: 54.04%
Sales (last year): ₹714 Cr

All 12 ratios ↓

Magellanic Cloud Ltd is a technology group operating through subsidiaries across IT/ITES, AI-enabled e-surveillance and drones/UAVs. Motivity Labs and JNIT provide digital engineering and staffing; IVIS/Provigil deliver surveillance platforms, monitoring and systems integration; Scandron develops drones, while Finoux adds fintech capabilities. The group serves enterprises and public-infrastructure customers in India and overseas. [1]

Potential multibaggers · Q2 FY27

Potential multibaggers in IT - Software
on management's own guidance

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

IT - Software companies ranked on guidance

#	Company	Revenue guided	Margin guided	Market cap	P/E
1		40%+	Up 2%+	₹552 Cr	33.7
2		40%+	Flat	₹327 Cr	7.1
3	CapitalNumbers	20–40%	Up 2%+	₹180 Cr	9.2
4		20–40%	Up 2%+	₹142 Cr	10.2
5		20–40%	Up 0–2%	₹1,703 Cr	26.6
6		20–40%	Flat	₹4,000 Cr	78.1

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Financials of Magellanic Cloud

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Magellanic Cloud

Quarterly Results

Quarter-by-quarter operating performance

	Mar 2023	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 +	115	138	154	131	137	132	157	151	156	164	164	164	206
Expenses +	82	99	114	81	83	79	106	96	111	107	111	111	153
Operating Profit	32	39	41	51	54	53	52	56	45	57	54	53	53
OPM %	28%	28%	26%	39%	39%	40%	33%	37%	29%	35%	33%	32%	26%
Other Income +	2	1	1	1	15	1	0	0	3	0	1	-1	6
Interest	3	4	5	5	6	6	6	6	7	6	6	7	7
Depreciation	7	9	8	12	11	11	11	11	11	11	12	12	16
Profit before tax	24	27	28	34	52	38	35	39	30	40	38	33	35
Tax %	26%	29%	22%	33%	24%	30%	31%	25%	26%	31%	27%	13%	15%
Net Profit +	18	19	22	23	39	27	24	29	23	28	28	29	30
EPS in Rs	0.31	0.33	0.38	0.39	0.67	0.45	0.42	0.50	0.38	0.47	0.48	0.50	0.50

Financials of Magellanic Cloud

Profit & Loss

Annual income statement trend

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales +	20	161	204	174	212	253	427	561	600	698
Expenses +	18	154	193	164	210	245	319	377	394	482
Operating Profit	2	7	10	11	2	7	108	184	206	216
OPM %	8%	5%	5%	6%	1%	3%	25%	33%	34%	31%
Other Income +	0	-0	0	1	2	30	19	17	4	7
Interest	0	0	1	1	1	2	12	21	25	26
Depreciation	0	0	0	1	1	3	21	40	42	51
Profit before tax	1	7	9	9	1	33	94	140	143	146
Tax %	39%	36%	17%	24%	-48%	10%	21%	27%	28%	22%
Net Profit +	1	4	8	7	2	29	74	103	103	114
EPS in Rs	0.02	0.09	0.16	0.12	0.04	0.59	1.26	1.76	1.76	1.94
Dividend Payout %	29%	0%	0%	21%	71%	4%	2%	2%	2%	0%

Financials of Magellanic Cloud

Balance Sheet

Capital structure and asset base

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	5	5	25	25	25	25	117	117	117	118
Reserves	30	34	23	29	28	52	180	290	401	569
Borrowings +	7	1	11	39	80	91	216	279	257	292
Other Liabilities +	18	30	19	33	21	27	207	114	115	175
Total Liabilities	60	70	78	127	155	195	720	799	889	1,153
Fixed Assets +	18	19	18	46	72	72	429	440	444	537
CWIP	0	0	0	0	0	0	1	22	42	5
Investments	0	0	0	0	0	0	0	0	5	47
Other Assets +	42	51	59	81	83	123	289	337	398	563
Total Assets	60	70	78	127	155	195	720	799	889	1,153

Financials of Magellanic Cloud

Cash Flows

Operating, investing and financing cash movement

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	-2	8	-10	12	-15	50	160	32	143	92
Cash from Investing Activity +	3	-1	1	-8	-21	-4	-367	-76	-64	-164
Cash from Financing Activity +	-1	-6	10	5	31	7	203	6	-48	44
Net Cash Flow	-0	0	0	9	-4	53	-5	-37	31	-28
Free Cash Flow	-2	7	-10	3	-36	45	52	-45	84	27
CFO/OP	-110%	149%	-67%	146%	-799%	719%	158%	32%	75%	58%

Financials of Magellanic Cloud

Ratios

Working capital efficiency and return ratios

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	517	78	70	91	78	60	58	153	170	184
Inventory Days					20
Days Payable					191
Cash Conversion Cycle	517	78	70	91	-93	60	58	153	170	184
Working Capital Days	320	46	51	35	77	12	-13	86	62	113
ROCE %		18%	20%	13%	2%	23%	31%	27%	23%	20%

Momentum score · price trend

12 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

Period	Share price change	Better than … of 1,910 stocks
Last 12 months	−59.4%	2%
Last 6 months	−8.4%	41%
Last 3 months	−15.6%	30%

The price is 82.2% below its all-time high of ₹138.55 (26 Jul 2024). Stocks more than 20% below their peak have their score halved, so 23 became 12.

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 Magellanic Cloud: 0.4 × 2 + 0.4 × 41 + 0.2 × 30 = 23, halved to 12 because the price is more than 20% below its all-time high.

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 2 Nov 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.

What Magellanic Cloud's management said in earlier quarters

Q2 FY26 earnings call analysis →

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