MCON Rasayan India Q4 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹28 Cr
- P/E
- 9.15
- ROE
- 8.76%
- PEG
- 0.24
- Price to sales
- 0.43
- Debt to equity
- 0.50
- 52W high / low
- ₹74.0 / ₹37.8
- Sales growth (5Y)
- 48.59%
- EBITDA margin
- 11.77%
- Net profit margin
- 4.68%
- Promoter holding
- 57.41%
- Sales (last year)
- ₹65 Cr
Incorporated in 2016, Mcon Rasayan India Ltd is in the business of modern building materials and construction chemicals[1]
Guidance scorecard · Q4 FY26 call
What MCON Rasayan India Ltd's management guided
and where it ranks in Other Construction Materials
Other Construction Materials
RevenueQ4 FY26 call
40%+- The company targets revenue growth of nearly 35-40% over the medium term.
- Confidence to grow at a fair pace in Q1 of FY27 signifies a good demand environment.
- Geographical expansion is planned in a phased manner, focusing on new regions like Eastern India and selective states in South and North zones.
- FOCO (Franchise Owned Company Operated) expansion model is transitioning to growth stage, aiming to improve market penetration and sales.
- Current market share is below 1%, indicating significant room for volume growth.
- Increasing contribution expected from government infra projects and value-added product segments such as waterproofing and concrete repairs will drive growth.
2 more points from MCON Rasayan India Ltd's call on revenue
Create a free account to keep reading this call
MarginsQ4 FY26 call
Up 2%+See what MCON Rasayan India Ltd said on margins — free account, 30 seconds.
CapexQ4 FY26 call
None planned- No major CapEx planned for FY27 as per management.
- Initial investment in plant and machinery is required, excluding land or shed construction which must be already available.
- The company has invested in capitals and people to support a revenue scale of 250-300 crore; no significant further capital equipment or capacity expansions are planned currently.
2 more points from MCON Rasayan India Ltd's call on capex
Create a free account to keep reading this call
FundraisingQ4 FY26 call
PlannedSee what MCON Rasayan India Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
- Demand is described as good with fair growth in Q1 FY27.
- Government and infra projects are scaling up, contributing around 12-13% to receivables.
- Increasing institutional traction and distribution expansion give confidence of 35-40% revenue growth over the medium term.
2 more points from MCON Rasayan India Ltd's call on the order book
Create a free account to keep reading this call
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 Other Construction Materials
on management's own guidance
- Strong growth2
- 1
- Vishnusurya Pro.Good 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
Other Construction Materials companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | MCON Rasayan India LtdThis stock | 40%+ | Up 2%+ | ₹30 Cr | 9.7 |
| 2 | 40%+ | Flat | ₹1,180 Cr | 17.9 | |
| 3 | Vishnusurya Pro. | 20–40% | Flat | ₹358 Cr | 8.5 |
| 4 | 10–20% | Up 2%+ | ₹970 Cr | — | |
| 5 | 10–20% | Up 0–2% | ₹370 Cr | 8.2 |
Sign up free to see every company in the sector ranking and track MCON Rasayan India Ltd.
Pro shows every company guiding 40%+ revenue growth →Full Other Construction Materials rankingFinancials of MCON Rasayan India Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of MCON Rasayan India Ltd
Quarterly Results
Quarter-by-quarter operating performance
Financials of MCON Rasayan India Ltd
Profit & Loss
Annual income statement trend
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales + | 6.98 | 8.97 | 8.97 | 19.22 | 30.98 | 41.81 | 50.58 | 65.24 |
| Expenses + | 6.43 | 8.23 | 8.06 | 17.79 | 28.29 | 36.51 | 44.73 | 57.59 |
| Operating Profit | 0.55 | 0.74 | 0.91 | 1.43 | 2.69 | 5.30 | 5.85 | 7.65 |
| OPM % | 7.88% | 8.25% | 10.14% | 7.44% | 8.68% | 12.68% | 11.57% | 11.73% |
| Other Income + | 0.04 | 0.00 | 0.02 | 0.01 | 0.00 | 0.42 | 0.69 | 0.13 |
| Interest | 0.25 | 0.32 | 0.40 | 0.43 | 0.78 | 1.52 | 2.00 | 1.77 |
| Depreciation | 0.21 | 0.30 | 0.28 | 0.32 | 0.38 | 1.07 | 1.85 | 1.85 |
| Profit before tax | 0.13 | 0.12 | 0.25 | 0.69 | 1.53 | 3.13 | 2.69 | 4.16 |
| Tax % | 23.08% | 25.00% | 28.00% | 27.54% | 26.14% | 28.43% | 15.24% | 26.68% |
| Net Profit + | 0.09 | 0.09 | 0.19 | 0.50 | 1.14 | 2.24 | 2.27 | 3.04 |
| EPS in Rs | 1.80 | 0.89 | 1.27 | 3.33 | 1.81 | 3.55 | 3.10 | 4.15 |
| Dividend Payout % | 0.00% | 0.00% | 7.89% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials of MCON Rasayan India Ltd
Balance Sheet
Capital structure and asset base
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.50 | 1.01 | 1.50 | 1.50 | 6.30 | 6.30 | 7.33 | 7.34 |
| Reserves | 0.11 | 0.20 | 0.28 | 0.90 | 7.07 | 9.35 | 25.85 | 28.91 |
| Borrowings + | 2.78 | 3.22 | 3.47 | 7.40 | 8.47 | 15.96 | 19.64 | 18.17 |
| Other Liabilities + | 5.65 | 3.35 | 3.07 | 4.65 | 8.47 | 14.01 | 18.08 | 22.30 |
| Total Liabilities | 9.04 | 7.78 | 8.32 | 14.45 | 30.31 | 45.62 | 70.90 | 76.72 |
| Fixed Assets + | 1.49 | 0.00 | 1.29 | 1.34 | 1.13 | 9.78 | 14.99 | 15.27 |
| CWIP | 0.00 | 0.00 | 0.00 | 1.17 | 5.69 | 5.43 | 0.42 | 0.07 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets + | 7.55 | 7.78 | 7.03 | 11.94 | 23.49 | 30.41 | 55.49 | 61.38 |
| Total Assets | 9.04 | 7.78 | 8.32 | 14.45 | 30.31 | 45.62 | 70.90 | 76.72 |
Financials of MCON Rasayan India Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -0.03 | -0.04 | -0.02 | -1.97 | -5.26 | 3.93 | -14.12 | |
| Cash from Investing Activity + | -0.60 | -0.11 | -0.29 | -1.49 | -4.68 | -9.47 | -2.04 | |
| Cash from Financing Activity + | 0.66 | 0.13 | 0.34 | 3.50 | 10.12 | 5.97 | 16.85 | |
| Net Cash Flow | 0.03 | -0.02 | 0.03 | 0.03 | 0.19 | 0.42 | 0.70 | |
| Free Cash Flow | -0.67 | -0.15 | -0.32 | -3.46 | -9.94 | -5.55 | -16.19 | |
| CFO/OP | 0% | -1% | 2% | -132% | -188% | 81% | -221% |
Financials of MCON Rasayan India Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 322.64 | 128.18 | 146.90 | 97.99 | 121.00 | 148.76 | 163.02 | 164.93 |
| Inventory Days | 83.45 | 118.22 | 225.55 | 161.11 | 150.31 | 198.62 | 483.11 | 326.68 |
| Days Payable | 499.81 | 263.18 | 238.65 | 145.48 | 160.39 | 212.44 | 276.09 | 203.74 |
| Cash Conversion Cycle | -93.71 | -16.79 | 133.79 | 113.62 | 110.92 | 134.94 | 370.04 | 287.87 |
| Working Capital Days | 20.39 | 118.82 | 74.06 | 34.18 | 92.96 | 41.38 | 157.17 | 135.95 |
| ROCE % | 11.25% | 13.43% | 14.88% | 14.60% | 17.32% | 11.11% | 11.06% |
Guidance history
How MCON Rasayan India Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 40%+ | Up 2%+ | None planned | Planned | — |
| Q2 FY26 call → | 20–40% | Up 0–2% | Planned | Planned | — |
| Q2 FY25 call → | 40%+ | Up 2%+ | Planned | Planned | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Continue your research
What MCON Rasayan India Ltd's management said in earlier quarters
Others in Other Construction Materials this season
- Teamtech Formwork Solutions Ltd (Q2 FY27)
Revenue from Operations for the quarter ended September 30, 2026: ₹4,887.19 lakh (Page 2) . Key results statement takeaways from Teamtech Formwork Solutions Ltd
- Everest Industries Ltd (Q2 FY27)
4.08%. Key results statement takeaways from Everest Industries Ltd's Q2 FY27 results statement — and how it ranks against sector peers.
- Sahyadri Industr (Q2 FY26)
126.3 Cr, up 18.3% YoY from Rs. Key investor presentation takeaways from Sahyadri Industries Ltd's Q2 FY26 investor presentation — and how it ranks against sect
- Sahyadri Industr (Q3 FY26)
Q3FY26 Total Income (Revenue) reported at Rs 145.9 crore, up 10.8% YoY from Rs 131.7 crore in Q3FY25 (Page 7). Key investor presentation takeaways from Sahyadri