| Q1 Revenue Growth | 56.6%Year-on-Year |
|---|---|
| Market Cap | ₹1,460 CrSmall Cap |
| Net Profit TTM | ₹38.9 CrTrailing 12 Months |
| PEG Ratio | 0.75 |
Key highlights
- Revenue grew by 56.6% YoY to ₹95.24 crore, the highest Q1 performance in company history
- Net profit (PAT) surged 110.3% YoY to ₹9.58 crore, reflecting strong operating leverage
- Management raised revenue growth guidance for FY27 to over 30% from the previous 28-30% range
- Pending order book reached a record ₹456 crore, up 32% compared to the previous year
- The high-end Nexus series now accounts for 40% of the company's pending order book
- Company implemented a 4-6% price hike across models effective June 1st to protect margins
- Bid pipeline for domestic orders stands at ₹1,043 crore with significant traction in defense
Financial Performance and Premiumization
Macpower CNC recorded an operating revenue of ₹95.24 crore for the quarter ended June 30, 2026, marking a substantial increase from ₹60.83 crore in the year-ago period. The company achieved an EBITDA margin of 16.20%, supported by a shift toward high-end machine models. Average machine realizations have trended around ₹20 lakh.
The profitability growth significantly outpaced revenue, with PAT jumping to ₹9.58 crore from ₹4.55 crore YoY. This performance is largely attributed to the success of the Nexus series and strategic price increases ranging from 4% to 6% implemented during the quarter to offset raw material costs.
Management Guidance and Expansion Strategy
Given the robust order visibility, management has upgraded its FY27 revenue growth target to above 30%. The company is executing a ₹50 crore expansion project on a 13-acre green zone site, which will include a state-of-the-art assembly facility. This infrastructure is expected to be completed within 12 months and will benefit from the Viksit Gujarat Industrial Policy, providing a 25% capital subsidy and 7% interest rebate.
Furthermore, Macpower is actively pursuing a 60-acre allotment under the defense policy to support long-term capacity requirements for institutional and defense segments.
Business and Segment Overview
Macpower CNC Machines operates in the industrial machinery sector, manufacturing advanced CNC turning and machining centers. The company has successfully diversified its product basket to 364 variants, focusing on segments like defense, aerospace, and general engineering. While historically volume-led by the MSME sector, the business is pivoting toward institutional defense and aerospace segments, which currently represent a ₹376 crore bid pipeline.
Recently launched models like the DCM 2518 and LX 1000 are targeting high-precision manufacturing, enhancing the company's competitive position against imports.
Industry Dynamics and Sector Context
The Indian industrial machinery sector is witnessing strong tailwinds from the 'Make in India' initiative and a focus on defense indigenization. Macpower's record order book of ₹456 crore and a quotation pipeline of over ₹1,000 crore reflect the expanding domestic demand for sophisticated machine tools. Sector-wide revenue growth for general industrials has averaged around 14%, while Macpower's 56.6% growth indicates a significant gain in market share.
The company is also expanding its geographic reach, recently opening a new branch in Kolkata and planning additional centers in Pune and Mumbai.
What to Watch
- Execution and commissioning of the new 13-acre assembly facility within the next 12 months
- Conversion rates of the ₹304 crore tender bids currently under evaluation
- Regulatory clearance for the 60-acre land under the new Gujarat defense policy
- Impact of the implemented price hikes on long-term EBITDA margin sustainability
- Sustained order inflow from the high-margin aerospace and institutional segments
“The company delivered its highest ever performance across revenue, EBITDA and PAT for any quarter one.”
“Now look at our raw material situation is in our hand, manpower is in our hand and the huge order book. So we are slightly we are increasing the our growth target by 30 plus percentage in this coming year.”
| Share price | ₹1460 |
|---|---|
| Market capitalisation | ₹1,460.61 Cr |
| Revenue (annual) | ₹333.18 Cr |
| Net profit (annual) | ₹33.87 Cr |
| Revenue (latest quarter) | ₹95.24 Cr-5.04% vs previous quarter |
| Net profit (latest quarter) | ₹9.58 Cr-5.55% vs previous quarter |
| P/E (TTM) | 37.55×Sector 59.66× |
| Promoter holding | 73.22%+0.05% QoQ |
| FII holding | 0.57%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Earnings conference call and investor presentation by Macpower CNC Machines Limited for Q1 FY27. Market figures from a third-party data provider.
