Macobs Technologies Limited (MACOBSTECH)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Macobs Technologies' revenue was ₹22.2 Cr (+214.6% year on year), and net profit ₹1.7 Cr (-33.6% year on year); the operating margin was 7.0%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹22.2 | +214.6% | — |
| Operating profit | ₹1.6 | +56.0% | — |
| Net profit | ₹1.7 | -33.6% | — |
| EPS (₹) | 1.51 | +91.1% | — |
| Operating margin | 7.0% | — | — |
MACOBSTECH delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 66.67% of the MACOBSTECH shares traded on NSE were taken to delivery, against the stock's own 20-session average of 83.94%. That is close to its usual level. Turnover was only ₹5 lakh, so a handful of trades can move this figure. Volume was 0.1 times its average, well below normal.
Delivery in the last 5 sessions: 75.0% · 100.0% · 60.0% · 88.2% · 66.7%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Macobs Technologies Limited announced the closure of its Register of Members and Share Transfer Books from September 24, 2026, to September 30, 2026 (both days inclusive). This book closure is being conducted in connection with the company's upcoming 7th Annual General Meeting (AGM). The 7th AGM is scheduled to take place on Wednesday, September 30, 2026. This is a routine administrative compliance update per exchange regulations.
- 7th Annual General Meeting scheduled for Wednesday, September 30, 2026
- Register of Members and Share Transfer Books closed from September 24, 2026 to September 30, 2026 (both days inclusive)
- Filing submitted to the National Stock Exchange on September 10, 2026
Macobs Technologies Limited has issued a notice convening its 7th Annual General Meeting (AGM) on September 30, 2026, via video conferencing. The agenda includes ordinary business adopting FY26 audited financials and reappointing Managing Director Dushyant Gandotra upon retirement by rotation. Additionally, the company seeks shareholder approval to regularize the appointment of Mr. Archit Wadhwa as a Non-Executive Independent Director for a 5-year term. The remote e-voting window is scheduled from September 27 to September 29, 2026, with the cut-off date set at September 23, 2026.
- 7th Annual General Meeting scheduled for September 30, 2026, at 04:00 P.M. via video conferencing
- Record/cut-off date for e-voting eligibility set for September 23, 2026
- Remote e-voting period runs from September 27, 2026 (09:00 A.M.) to September 29, 2026 (05:00 P.M.)
- Proposal to regularize appointment of Mr. Archit Wadhwa as Independent Director for a 5-year tenure
Macobs Technologies Limited held its Board of Directors meeting on September 7, 2026, approving the audited financial statements and Annual Report for the financial year ended March 31, 2026. The board approved the appointment of Mr. Archit Wadhwa as a Non-Executive Independent Director, subject to shareholder approval. Additionally, the re-appointment of Managing Director Dushyant Gandotra (retiring by rotation) and formalities for the 7th Annual General Meeting were finalized. The board also approved the closure of a bank account maintained with Standard Chartered Bank.
- Board approved Audited Financial Statements and Annual Report for the year ended March 31, 2026
- Recommended appointment of Mr. Archit Wadhwa (DIN: 11585779) as Non-Executive Independent Director, subject to AGM approval
- Approved re-appointment of Director Dushyant Gandotra (DIN: 08360731) who retires by rotation
- Finalized notice and operational details for the upcoming 7th Annual General Meeting
- Approved the closure of an existing bank account maintained with Standard Chartered Bank
Financial Performance
Revenue Growth by Segment
The company operates in a single business segment; while specific revenue figures are not provided, Basic Earnings Per Share (EPS) grew 85.90% YoY, rising from INR 0.78 in the half-year ended September 30, 2024, to INR 1.45 in the half-year ended September 30, 2025.
Geographic Revenue Split
The company operates within a single geographical segment in India; specific regional percentage splits are not disclosed in available documents.
Profitability Margins
Return on Equity (ROE) declined by 57.63%, from 0.22% in March 2024 to 0.09% in March 2025, primarily due to a significant increase in equity shareholder funds following the IPO which outpaced net profit growth.
EBITDA Margin
Not explicitly disclosed; however, the Return on Investment (ROI) decreased by 29.81% YoY (from 0.20 to 0.14) as of March 31, 2025, due to a significant increase in the value of investments.
Capital Expenditure
The company utilized INR 1.39 Cr for IPO-related issue expenses and reallocated INR 1.50 Cr (originally for debt repayment) toward working capital to support operational scaling.
Credit Rating & Borrowing
The Debt-Equity ratio improved significantly, decreasing by 90.91% from 0.24 (March 2024) to 0.02 (March 2025) due to the influx of equity capital; however, the Debt Service Coverage Ratio fell 85.45% to 2.09 times due to an increase in total debt.
Operational Drivers
Key Suppliers
The company is currently in the process of MSME verification for its outstanding vendors; specific supplier names are not disclosed.
Capacity Expansion
Not disclosed in units; however, the company is expanding its financial capacity through a preferential allotment of 24,80,000 convertible warrants at INR 170.04 each, totaling INR 42.17 Cr.
Manufacturing Efficiency
Inventory Turnover Ratio decreased by 66.41% from 130.84 times (March 2024) to 43.95 times (March 2025), indicating a slowdown in how quickly stock is cleared relative to the previous year.
Strategic Growth
Growth Strategy
Growth is being pursued through aggressive customer acquisition, with INR 2.00 Cr of IPO proceeds specifically utilized for marketing and awareness. Additionally, the company is raising INR 42.17 Cr via convertible warrants to fund future business opportunities and has reallocated debt-repayment funds to working capital to maximize shareholder value.
Products & Services
The company provides technology-based services/products under the Macobs Technologies brand, though specific product names are not detailed in the financial snippets.
Brand Portfolio
Macobs Technologies.
New Products/Services
The company is exploring new project opportunities and potential acquisition opportunities to utilize unallocated funds, though specific revenue contributions are not yet defined.
Market Expansion
The company is actively reevaluating IPO proceeds to potentially reallocate funds toward new projects or acquisitions to enhance potential returns in the current financial year.
External Factors
Industry Trends
The industry is shifting toward tech-enabled customer acquisition and digital scaling; Macobs is positioning itself by allocating significant IPO capital (INR 2.00 Cr) to marketing and awareness to capture market share in this evolving landscape.
Competitive Landscape
The company operates in a single segment with a focus on 'Customer Acquisition-Marketing and Awareness,' suggesting a competitive digital or service-oriented market.
Competitive Moat
The company's moat is built on its ability to raise significant capital (INR 42.17 Cr warrant issue) and its low debt-equity ratio (0.02), providing a stable financial foundation to outspend competitors on customer acquisition.
Macro Economic Sensitivity
The company's operations are sensitive to economic conditions affecting demand/supply and price conditions in domestic and overseas markets.
Geopolitical Risks
The company notes that changes in government regulations and tax laws in domestic and overseas markets are important factors that could impact operations.
Regulatory & Governance
Industry Regulations
The company is currently undergoing a Corporate Identification Number (CIN) modification process with the MCA as it transitions to a listed entity status.
Taxation Policy Impact
The company paid INR 32.20 Lakhs in taxes for the half-year ended September 30, 2025.
Legal Contingencies
The company reported compliance with Structured Digital Database (SDD) provisions under SEBI Prohibition of Insider Trading Regulations; no specific pending court cases or litigation values were disclosed.
Risk Analysis
Key Uncertainties
The primary uncertainty is the lack of physical verification of stock (INR 5.51 Cr) by auditors, relying solely on management certification, which could lead to potential valuation errors.
Geographic Concentration Risk
100% of operations are reported under a single geographical segment, likely India, based on the Jaipur headquarters.
Third Party Dependencies
The company relies on Standard Chartered Bank for maintaining its monitoring account for unutilized IPO proceeds (INR 5.99 Lakhs).
Technology Obsolescence Risk
Not disclosed; however, the company is maintaining a Structured Digital Database to manage sensitive information, indicating a move toward digital governance.
Credit & Counterparty Risk
Trade receivables increased by INR 6.91 Cr in six months, reaching INR 9.05 Cr, which represents a significant counterparty credit risk if these balances are not collected timely.
