MACPOWER - Macpower CNC
📢 Recent Corporate Announcements
Macpower CNC Machines Limited has announced a virtual group meeting with several institutional investors scheduled for March 19, 2026. The interaction will involve representatives from Arjav Partners, Street Smart Opportunities, Pico Capital, and Agility Advisors. Facilitated by their IR firm Kaptify, the meeting is part of the company's regular engagement with the financial community. The company has explicitly stated that no unpublished price sensitive information (UPSI) will be disclosed during these sessions.
- Virtual group meeting scheduled for March 19, 2026, with four investment entities.
- Participating firms include Arjav Partners, Street Smart Opportunities, Pico Capital, and Agility Advisors.
- Interaction facilitated by the company's Investor Relations partner, Kaptify.
- Compliance disclosure filed under Regulation 30 of SEBI (LODR) Regulations, 2015.
Macpower CNC Machines Limited has scheduled a virtual group meeting with analysts and institutional investors on March 10, 2026. The interaction is part of the Arihant Capital (Broking) Virtual Conference and will take place between 2:00 PM and 3:00 PM. The company has explicitly stated that no unpublished price sensitive information (UPSI) will be discussed during this session. This meeting is a routine investor relations activity aimed at discussing publicly available information with the investment community.
- Virtual group meeting scheduled for March 10, 2026, from 2:00 PM to 3:00 PM.
- Participation in the Arihant Capital (Broking) Virtual Conference.
- Discussions will be strictly limited to publicly available information with no UPSI disclosure.
- Compliance filing under Regulation 30 of SEBI (LODR) Regulations, 2015.
Macpower CNC Machines Limited has scheduled a virtual group meeting with analysts and institutional investors for March 10, 2026. The session is part of the Arihant Capital (Broking) Virtual Conference and is slated to occur between 2:00 PM and 3:00 PM. The company has clarified that the discussions will be limited to publicly available information, with no unpublished price sensitive information being shared. This is a standard regulatory disclosure aimed at maintaining transparency with the investment community.
- Virtual group meeting scheduled for March 10, 2026, from 2:00 PM to 3:00 PM.
- Participation in the Arihant Capital (Broking) Virtual Conference.
- Management will focus on publicly available information only, ensuring no UPSI disclosure.
- Compliance filing made under Regulation 30 of SEBI (LODR) Regulations, 2015.
Macpower CNC Machines Limited has scheduled a virtual interaction with analysts and institutional investors on March 10, 2026. The company will be participating in the Arihant Capital (Broking) Virtual Conference during a one-hour slot from 2:00 PM to 3:00 PM. Management intends to discuss publicly available information and has clarified that no unpublished price sensitive information (UPSI) will be shared. Such meetings are standard practice for enhancing corporate transparency and investor relations.
- Virtual group meeting scheduled for March 10, 2026, from 2:00 PM to 3:00 PM
- Participation in the Arihant Capital (Broking) Virtual Conference
- Discussions will be strictly based on publicly available information
- Compliance with Regulation 30 of SEBI (LODR) Regulations, 2015
Macpower CNC reported its highest-ever quarterly performance in Q3 FY26, with revenue growing 43% YoY to ₹86.15 crores and PAT surging 119% to ₹9.79 crores. The company's order book stands strong at ₹375 crores, supported by a massive bidding pipeline of ₹958 crores across domestic and defense sectors. Management is aggressively expanding capacity through temporary rentals while awaiting final government approval for a new mega-plant. The shift towards high-end Nexa products, which now comprise 39% of the order book, is successfully driving margin expansion toward a long-term EBITDA goal of 25%.
- Revenue grew 43% YoY to ₹86.15 crores with record EBITDA margins of 18.08%
- Order book increased 17% to ₹375 crores with a total bidding pipeline of ₹958 crores including ₹319 crores in defense
- Average machine realization improved to approximately ₹20 lakh from ₹18.28 lakh YoY
- High-end Nexa products now contribute 39% to the order book, up from negligible levels previously
- Management maintains a growth guidance of 25-30% for FY27 across revenue and profits
Macpower CNC Machines Limited has officially shared the recording link for its post-result conference call held on February 11, 2026. The call focused on the company's financial performance for the quarter and nine months ended December 31, 2025. This disclosure follows SEBI's regulatory requirements for transparency after investor interactions. Shareholders can access the full audio-video recording on YouTube or the company's website to evaluate management commentary.
- Post-result conference call recording for Q3 and 9M FY26 is now available for public viewing.
- The session was held on February 11, 2026, following the announcement of unaudited financial results.
- Links to the recording have been provided on YouTube and the official Macpower CNC website.
- The filing ensures compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.
Macpower CNC Machines reported a robust Q3FY26 with revenue growing 42.6% YoY to ₹861.5 million. Net profit surged by 119% YoY to ₹97.9 million, driven by a significant expansion in EBITDA margins to 18.1% from 12.9% in the previous year. The company maintains a strong order book of ₹375 crore and has submitted bids worth over ₹957 crore, highlighting strong demand in defense and aerospace sectors. Management is targeting a future EBITDA margin of 25% through backward integration and high-end product shifts.
- Revenue grew 42.6% YoY to ₹861.5 Mn; PAT increased 119% YoY to ₹97.9 Mn in Q3FY26.
- EBITDA margins expanded by 515 bps YoY to 18.1%, with a long-term management target of 25%.
- Current order book stands at ₹3,750 Mn, with additional tender bids under evaluation worth ₹9,579 Mn.
- Expansion plans include a new greenfield plant to scale capacity from 2,500 to 10,000 machines over the next 5 years.
- Strong focus on Defense & Aerospace with ₹319 Cr in active defense bids and supplies to 35 defense factories.
Macpower CNC Machines reported a strong financial performance for the quarter ended December 31, 2025. Revenue from operations grew by 42.6% YoY to ₹86.15 crore, while Net Profit saw a massive surge of 119% YoY to ₹9.79 crore. On a sequential basis, both revenue and profit showed steady growth compared to Q2 FY26. For the nine-month period, the company has significantly outperformed the previous year, with PAT reaching ₹23.73 crore compared to ₹16.79 crore in 9M FY25.
- Revenue from operations increased 42.6% YoY to ₹8,614.50 lakhs from ₹6,040.01 lakhs.
- Net Profit (PAT) for the quarter surged 119% YoY to ₹979.34 lakhs compared to ₹447.12 lakhs.
- Earnings Per Share (EPS) more than doubled YoY, rising from ₹4.47 to ₹9.79.
- Nine-month (9M FY26) revenue reached ₹23,288.52 lakhs, a 28% increase over the same period last year.
- Profit Before Tax (PBT) for Q3 FY26 stood at ₹1,301.14 lakhs, up from ₹601.01 lakhs in Q3 FY25.
Macpower CNC Machines Limited has announced its post-earnings conference call scheduled for Wednesday, February 11, 2026, at 2:00 PM IST. The management team, including the Chairman & Managing Director and the CFO, will discuss the company's financial performance for the quarter and nine months ended December 31, 2025. This meeting provides a platform for institutional investors and analysts to gain insights into the company's operational trajectory and financial health. The call will be conducted via Zoom and is coordinated by Kaptify Consulting.
- Earnings call scheduled for February 11, 2026, at 14:00 hours IST.
- Focus on financial results for Q3 and the nine-month period ending December 31, 2025.
- Management representation includes CMD Rupesh Mehta and CFO Vishal B Mehta.
- The session will be hosted on Zoom (Meeting ID: 824 5794 0395) and recorded as per SEBI regulations.
Macpower CNC Machines Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The document confirms that all share dematerialization requests received during the quarter ended December 31, 2025, were processed correctly. The Registrar and Share Transfer Agent, MUFG Intime India Private Limited, verified that physical certificates were mutilated and cancelled. This filing ensures the company is adhering to standard depository regulations and maintaining accurate shareholder records.
- Quarterly compliance certificate submitted for the period ending December 31, 2025.
- Registrar MUFG Intime India confirmed processing of dematerialization requests within prescribed timelines.
- Physical certificates were mutilated and cancelled after due verification by the depository participant.
- The names of depositories have been substituted in the register of members as the registered owners.
Macpower CNC Machines Limited has announced the closure of its trading window starting January 1, 2026, in compliance with SEBI Insider Trading regulations. This closure is ahead of the declaration of financial results for the quarter and nine months ending December 31, 2025. The window will remain closed for all designated persons, including directors and promoters, until 48 hours after the results are made public. The specific date for the board meeting to approve these results will be communicated separately.
- Trading window closure begins on January 1, 2026, for all designated persons.
- Closure pertains to the financial results for the quarter and nine months ended December 31, 2025.
- The window will reopen 48 hours after the financial results are officially announced.
- The restriction applies to Directors, KMPs, Promoters, and employees up to two levels below the CEO.
Macpower CNC Machines Limited has scheduled a one-on-one virtual meeting with Sowilo Investments on December 29, 2025. The interaction is being facilitated by their investor relations firm, Kaptify, as part of regular institutional engagement. The company has explicitly stated that no unpublished price sensitive information (UPSI) will be shared during this session. Such meetings are standard practice for listed companies to maintain transparency with the investment community.
- One-on-one virtual meeting scheduled for December 29, 2025
- Interaction with institutional investor Sowilo Investments
- Facilitated by Investor Relations firm Kaptify
- Company confirms no unpublished price sensitive information (UPSI) will be disclosed
Financial Performance
Revenue Growth by Segment
In FY 2024-25, CNC machines contributed INR 176.46 Cr (68.8% of sales), VMC contributed INR 71.90 Cr (28.0%), VTL contributed INR 4.39 Cr (1.7%), and HMC/DCM contributed INR 3.69 Cr (1.4%). For Q2 FY26, total revenue reached INR 85.71 Cr, a 20.55% YoY increase and a 40.45% sequential growth.
Geographic Revenue Split
The company is 60% to 70% domestic for Horizontal Machining Centers (HMC). While specific regional percentage splits for total revenue are not disclosed, the company is actively expanding into Europe, North America, and Asia to diversify its geographic footprint.
Profitability Margins
Net Profit Margin for FY 2024-25 was 12.00%, up from 11.71% in the previous year. For Q2 FY26, PAT reached INR 9.38 Cr, representing a 12.95% YoY growth and a 105% QoQ increase, driven by higher-end product sales and operating leverage.
EBITDA Margin
EBITDA margin for Q2 FY26 stood at approximately 16.5% (INR 14.16 Cr), reflecting an 11.11% YoY growth and a 78.76% sequential increase. The company is positioned as the lowest-cost producer in the industry, which supports these superior margins.
Capital Expenditure
CapEx for Q2 FY26 was INR 8 Cr, a 100% increase compared to INR 4 Cr in the same quarter of the previous year. This investment is directed toward expanding production capacity and infrastructure to support a target of 7,500 additional units over the next 5 years.
Credit Rating & Borrowing
The company is nearly debt-free with a Debt-to-Equity ratio of 0.02 as of FY 2024-25. Although funds were raised in the form of debt during the year (increasing the Debt Service Coverage Ratio to 385 times from 0), the company remains net debt negative and generates positive free cash flow.
Operational Drivers
Raw Materials
Key inputs include foundry components (castings) and high-precision parts. While specific percentage costs per material are not disclosed, the company is pursuing backward integration with an in-house foundry to reduce manufacturing costs and logistics expenses.
Import Sources
Not explicitly disclosed, though the company mentions exploring global joint ventures and strengthening dealer networks in Europe and North America, suggesting a mix of domestic and potentially international sourcing for high-end components.
Capacity Expansion
Current installed capacity was increased to 2,500 machines per annum as of November 10, 2025 (up from 2,000). The company plans to develop an additional 7,500 units over the next 5 years through a new project/plant.
Raw Material Costs
Raw material costs are being optimized through backward integration. In-house manufacturing of components like foundry items is expected to increase EBITDA margins by eliminating third-party supplier margins and reducing rejection rates.
Manufacturing Efficiency
Asset turnover currently stands at ~3x and has the potential to reach 5x at the current plant. Machine average selling price (ASP) increased to INR 20.19 Lakh in Q2 FY26 from INR 18.48 Lakh YoY due to a shift toward higher-end products.
Logistics & Distribution
The company aims to reduce logistic costs through backward integration and in-house manufacturing, which will also save assembly time and improve sustainable margin growth.
Strategic Growth
Expected Growth Rate
25-30%
Growth Strategy
Growth will be achieved by expanding capacity to 2,500 units, executing a pending order book of INR 350 Cr, and targeting a domestic tender pipeline of INR 627 Cr. Strategic focus includes backward integration (foundry), entering newer industry segments like aerospace and defense, and exploring joint ventures for high-end technology.
Products & Services
CNC Lathe machines, Vertical Machining Centers (VMC), Horizontal Machining Centers (HMC), Vertical Turret Lathes (VTL), Drill Tap Centers (DTC), and 5-Axis/Turn-Mill machines.
Brand Portfolio
MACPOWER
New Products/Services
Launched 37 new models in FY25 alone, including high-end VMCs, HMCs, and 5-Axis machines. These higher-complexity units have increased the Average Selling Price to over INR 20 Lakh per machine.
Market Expansion
Targeting expansion in Europe, North America, and Asia. The company is also focusing on Tier 2 and Tier 3 suppliers for the aeronautic industry and plans to open a new tech center in Pune.
Market Share & Ranking
Positioned as a technology-led capital goods platform with the widest range of offerings (375+ models) among peers.
Strategic Alliances
Exploring joint ventures for high-end technology and has previously entered into an MOU with the Gujarat government for expansion.
External Factors
Industry Trends
The industry is shifting toward high-precision, technology-driven CNC machinery. Macpower is positioning itself to capitalize on the growing domestic demand in defense, aerospace, and the 'Make in India' initiative, evolving from a basic tool maker to a technology platform.
Competitive Landscape
Competes with other CNC and machine tool manufacturers; maintains an edge through cost leadership and a superior range of high-end models like 5-axis and Turn-Mill machines.
Competitive Moat
Sustainable competitive advantages include being the lowest-cost producer, having the widest product range (375+ variants), and high asset turnover (3x-5x). These moats are reinforced by a high promoter holding of 73.17% and a debt-free balance sheet.
Macro Economic Sensitivity
Highly sensitive to the Indian industrial capex cycle and global GDP growth, which is projected at 3.3% for 2025 and 2026.
Consumer Behavior
Industrial customers are increasingly demanding higher precision and IoT-integrated machines, prompting Macpower to incorporate feasible IoT features into its product portfolio.
Geopolitical Risks
Expansion into international markets like Europe and North America introduces exposure to trade barriers and global geopolitical stability.
Regulatory & Governance
Industry Regulations
Operations are subject to manufacturing standards and industrial safety norms. The company complies with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for corporate governance.
Environmental Compliance
The company highlights ESG efforts in its investor presentations, though specific compliance costs are not disclosed.
Taxation Policy Impact
Not explicitly detailed, though PBT to PAT conversion for FY25 suggests an effective tax rate of approximately 26.5%.
Risk Analysis
Key Uncertainties
Potential delays in the commencement of the new 7,500-unit project and fluctuations in raw material costs could impact the projected 25-30% growth rate.
Geographic Concentration Risk
Significant concentration in the Indian domestic market, particularly for HMC products (60-70% domestic).
Third Party Dependencies
Currently dependent on external suppliers for foundry and components, which is being addressed through backward integration to mitigate supply chain disruptions.
Technology Obsolescence Risk
Risk of rapid technological shifts in CNC machining; mitigated by continuous R&D and the launch of 37 new models in the last fiscal year.
Credit & Counterparty Risk
The company maintains a strong balance sheet with positive free cash flow since FY 2017-18, indicating high-quality receivables and working capital efficiency.