Magson Retail And Distribution Limited (MAGSON)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Magson Retail's revenue was ₹71.0 Cr (+102.9% year on year, +87.2% on the previous half-year), and net profit ₹1.0 Cr; the operating margin was 4.2%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹71.0 | +102.9% | +87.2% |
| Operating profit | ₹3.0 | — | from loss |
| Net profit | ₹1.0 | — | +385.0% |
| EPS (₹) | 0.62 | +51.2% | +169.6% |
| Operating margin | 4.2% | — | — |
MAGSON delivery percentage and bulk deals
NSE end-of-day data for
On Fri, 16 Oct 2026, 54.55% of the MAGSON shares traded on NSE were taken to delivery, against the stock's own 20-session average of 93.67%. That is lower than usual for this stock. Turnover was only ₹21 lakh, so a handful of trades can move this figure. Volume was 0.1 times its average, well below normal. 15 bulk or block deals were reported in MAGSON in the last 60 days: ₹20 Cr bought and ₹19 Cr sold.
Delivery in the last 5 sessions: 53.9% · 100.0% · 100.0% · 100.0% · 54.5%
| Date | Side | Counterparty | Value | Price | Quantity | Type |
|---|---|---|---|---|---|---|
| 30 Sep | Sell | Sera Investments & Finance India Limited | ₹2.05 Cr | ₹179.51 | 114,000 | Bulk |
| 30 Sep | Buy | Unicorn Fund | ₹1.62 Cr | ₹180.00 | 90,000 | Bulk |
| 29 Sep | Buy | Unicorn Fund | ₹3.49 Cr | ₹180.10 | 194,000 | Bulk |
| 29 Sep | Sell | Sera Investments & Finance India Limited | ₹2.15 Cr | ₹179.42 | 120,000 | Bulk |
| 28 Sep | Buy | Krishna Awtar Kabra | ₹3.39 Cr | ₹179.61 | 189,000 | Bulk |
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
Magson Retail and Distribution Limited approved the allotment of 33,46,166 equity shares following the conversion of outstanding convertible warrants at an issue price of ₹93.25 per share. The company collected ₹23.40 crore as the balance 75% subscription money, fully converting all 1.06 crore warrants initially issued. Consequent to this allotment, promoter group entity United Friends Ventures LLP and Angel Rajesh Francis saw their combined holding cross the SEBI SAST threshold from 19.73% to 31.39%. This increase has triggered a mandatory open offer for public shareholders, with Kunvarji Finstock Private Limited appointed as the manager.
- Allotment of 33,46,166 equity shares of face value ₹10 at an issue price of ₹93.25 (premium of ₹83.25).
- Received balance 75% warrant money amounting to ₹23,40,22,484.63.
- Total paid-up equity shares expanded from 1,51,65,034 to 1,85,11,200.
- Promoter group acquirers' holding increased from 19.73% to 31.39%, crossing the SEBI SAST Regulation 3(1) threshold.
- Kunvarji Finstock Private Limited appointed as Manager to the mandatory Open Offer.
Magson Retail and Distribution Limited approved the allotment of 33,46,166 equity shares following the conversion of outstanding convertible warrants at an issue price of ₹93.25 per share. The company collected ₹23.40 crore as the balance 75% subscription money, fully converting all 1.06 crore warrants initially issued. Consequent to this allotment, promoter group entity United Friends Ventures LLP and Angel Rajesh Francis saw their combined holding cross the SEBI SAST threshold from 19.73% to 31.39%. This increase has triggered a mandatory open offer for public shareholders, with Kunvarji Finstock Private Limited appointed as the manager.
- Allotment of 33,46,166 equity shares of face value ₹10 at an issue price of ₹93.25 (premium of ₹83.25).
- Received balance 75% warrant money amounting to ₹23,40,22,484.63.
- Total paid-up equity shares expanded from 1,51,65,034 to 1,85,11,200.
- Promoter group acquirers' holding increased from 19.73% to 31.39%, crossing the SEBI SAST Regulation 3(1) threshold.
- Kunvarji Finstock Private Limited appointed as Manager to the mandatory Open Offer.
Magson Retail and Distribution Limited has commenced operations of a new store in Sevasi, Vadodara, Gujarat, effective October 11, 2026. With this launch, the company's total store count increases to 46 stores across more than 10 cities and 3 states. This aligns with Magson's strategy to expand its footprint in gourmet and specialty foods across Western India. Given the TTM revenue base of Rs 176 Cr and thin operating margins of 1.8%, individual store additions represent incremental volume growth.
- Commenced operations of a new store at Sevasi, Vadodara on October 11, 2026
- Total store network increased to 46 stores
- Footprint now covers more than 10 cities across 3 states
Magson Retail and Distribution Limited announced the voting results and scrutinizer's report for its 8th Annual General Meeting held on September 29, 2026. All three resolutions, including adoption of annual audited accounts, re-appointment of director Nitin Patel, and re-appointment of Executive Director Jennifer Rajesh Francis, were passed with 100% of the polled votes in favor. In total, 84,24,044 votes were cast representing 59.37% of outstanding shares. The filing confirms standard administrative compliance with SEBI LODR regulations.
- 3 resolutions proposed were all approved with 100% votes in favor (84,24,044 shares voted)
- Overall voter turnout was 59.3749% of total outstanding shares (1,41,87,894 shares)
- Promoter group polled 37,09,144 votes (99.98% of promoter holdings), all in favor
- Public non-institutional shareholders cast 47,14,900 votes (45.00% of non-institutional base)
Magson Retail and Distribution Limited has incorporated a wholly owned subsidiary named Magsons Supercentre Private Limited on September 25, 2026. The company subscribed to 100% equity share capital comprising 10,000 shares of ₹10 each for a total initial paid-up capital of ₹1,00,000. The subsidiary will focus on trading, retailing, importing, manufacturing, and distribution of alcoholic beverages, liquor, wine, and beer. The initial capital commitment represents a negligible fraction of Magson's ₹86 Cr net worth, serving as an initial corporate vehicle to enter the liquor segment.
- Incorporated wholly owned subsidiary Magsons Supercentre Private Limited on September 25, 2026
- Subscribed to 100.00% equity stake consisting of 10,000 equity shares of ₹10 each
- Initial authorized and paid-up share capital stands at ₹1,00,000 (Rupees One Lakh)
- New entity intends to trade, retail, import, and distribute alcoholic beverages, IMFL, wine, and spirits
Magson Retail and Distribution Limited received and approved pre-clearance applications under SEBI PIT regulations on September 23, 2026, for the proposed sale of shares by promoter and promoter group entities. The applicants include Jennifer Rajesh Francis (seeking to sell up to 4,95,000 shares) and Rajendra Pratap Maganlal (seeking to sell up to 95,700 shares), alongside Anil Natvarlal Pethani and Ranjan Nitinbhai Patel. The trades are proposed to take place via open market on the NSE within 7 days at the prevailing price (referenced at Rs 180.00 per share). With promoter holding already having contracted to 36.53% in 2026, these sales represent further divestment by the insider group.
- Promoter Jennifer Rajesh Francis proposed the sale of up to 4,95,000 equity shares, reducing holding to NIL
- Promoter group member Rajendra Pratap Maganlal proposed the sale of up to 95,700 shares, bringing holding to NIL
- Reference market price cited in pre-clearance applications is INR 180.00 per share (closing as of September 22, 2026)
- Approved sales must be executed within 7 days through stock exchange mechanisms
Magson Retail and Distribution Limited received and approved pre-clearance applications under SEBI Insider Trading Regulations from two promoters to sell their shareholdings. Promoter Rajesh Emmanuel Francis proposes to sell his entire holding of up to 2,81,100 shares, and promoter Manish Shivnarayan Pancholi proposes to sell up to 1,61,100 shares (his entire holding). At the referenced market price of INR 177.00 per share, the combined proposed sale of 4,42,200 shares is valued at approximately INR 7.83 Cr. Trades are proposed to be executed via open market within 7 days of approval.
- Promoter Rajesh Emmanuel Francis applied to sell up to 2,81,100 equity shares (reducing holding to NIL)
- Promoter Manish Shivnarayan Pancholi applied to sell up to 1,61,100 equity shares (reducing holding to NIL)
- Total shares proposed for sale stand at 4,42,200 equity shares
- Current market price cited in application is INR 177.00 per share (closing as of September 21, 2026)
- Proposed trades to be executed through stock exchange within 7 days of approval
Magson Retail and Distribution received a pre-clearance application from Promoter Rajesh Emmanuel Francis to sell up to 5,61,100 equity shares via open market transactions within 7 days. The promoter currently holds 5,61,100 shares, meaning the proposed trade would reduce his individual holding to NIL. At the referenced market price of INR 184.35 per share, the proposed disposal represents a transaction value of approximately ₹10.34 crore, or roughly 5.0% of the company's ₹208 crore market capitalization.
- Promoter Rajesh Emmanuel Francis applied for pre-clearance to sell up to 5,61,100 equity shares
- Proposed post-transaction holding for the promoter is NIL shares, down from 5,61,100 shares
- Reference market price stated at INR 184.35 per share as of September 11, 2026
- Trade execution is proposed within 7 days from pre-clearance approval via the stock exchange
Magson Retail And Distribution Limited announced the opening of a new store in Nikol, Ahmedabad, Gujarat, effective September 09, 2026. With this addition, the company's retail network reaches 45 stores across more than 10 cities in 3 states. This aligns with Magson's strategy of deepening retail penetration in Gujarat to drive specialty and gourmet food sales. The announcement did not disclose specific capex or expected revenue contribution for this single store.
- Opened new retail store in Nikol, Ahmedabad effective September 09, 2026
- Total retail store count increased to 45 stores
- Retail network spans across more than 10 cities and 3 states
- Capex and store area for the new Nikol outlet were not disclosed
Magson Retail and Distribution Limited has issued the notice for its 8th Annual General Meeting scheduled for September 29, 2026, via Video Conferencing. Key agenda items include the adoption of FY26 audited accounts and the re-appointment of Mrs. Jennifer Rajesh Francis as Executive Director for a 3-year term (commencing August 11, 2026). The proposed remuneration includes a minimum salary of up to Rs 30.00 Lakhs per annum in case of inadequate profits, an increase from Rs 19.50 Lakhs per annum. The cut-off date for e-voting eligibility is September 22, 2026.
- 8th AGM scheduled for September 29, 2026, via Video Conferencing
- Cut-off date for e-voting entitlement set as September 22, 2026
- Remote e-voting open from September 26, 2026 (9:00 AM) to September 28, 2026 (5:00 PM)
- Proposed re-appointment of Executive Director Jennifer Francis for 3 years with minimum annual pay up to Rs 30.00 Lakhs (vs Rs 19.50 Lakhs previously)
- FY26 audited total income reported at Rs 11,039.84 Lakhs with net profit of Rs 101.08 Lakhs
Magson Retail and Distribution Limited approved the allotment of 5,26,800 equity shares of ₹10 face value at an issue price of ₹93.25 per share upon the exercise of convertible equity warrants. The company received the balance 75% subscription money amounting to ₹3.68 Cr from two non-promoter allottees. Consequent to this allotment, the company's paid-up equity share capital increased from 1,46,38,234 to 1,51,65,034 shares (₹15.17 Cr). An aggregate of 33,46,166 warrants remain outstanding for conversion before the 18-month deadline from their April 17, 2025 allotment date.
- Allotted 5,26,800 equity shares at an issue price of ₹93.25 per share (including ₹83.25 premium)
- Raised ₹3,68,43,075 (₹3.68 Cr) upon receiving the balance 75% warrant exercise amount
- Paid-up share base expanded by ~3.6% from 1,46,38,234 to 1,51,65,034 equity shares
- 33,46,166 warrants remain outstanding out of the 1,06,00,000 warrants originally issued
Magson Retail and Distribution Limited's Board approved the allotment of 5,26,800 equity shares upon the conversion of preferential convertible warrants to non-promoter holders. The conversion was executed at an issue price of ₹93.25 per share (face value ₹10 and premium ₹83.25) following receipt of the balance 75% consideration totaling ₹3.68 Cr. Consequently, the paid-up share capital increased to 1,51,65,034 shares (₹15.17 Cr). A total of 33,46,166 warrants remain outstanding for conversion within the 18-month window ending in October 2026.
- Allotted 5,26,800 equity shares of ₹10 face value at an issue price of ₹93.25 each
- Received balance 75% warrant money amounting to ₹3,68,43,075 (₹3.68 Cr)
- Paid-up equity share capital increased from 1,46,38,234 shares to 1,51,65,034 shares
- 33,46,166 warrants remain outstanding for conversion within 18 months from April 17, 2025
Magson Retail and Distribution Limited has allotted 3,89,140 equity shares to promoter group entity United Friends Ventures LLP following the conversion of preferential convertible warrants. The company received the balance 75% subscription amount of ₹69.9375 per warrant, totaling ₹2.72 Cr, at an issue price of ₹93.25 per share. Post-allotment, the company's paid-up equity share capital increased from 1,42,49,094 shares to 1,46,38,234 shares. A total of 38,72,966 warrants remain outstanding for conversion within the 18-month tenure ending October 2026.
- Allotted 3,89,140 fully paid-up equity shares of face value ₹10 at an issue price of ₹93.25 each.
- Received balance 75% warrant money aggregating to ₹2,72,15,478.75 from promoter group entity United Friends Ventures LLP.
- Total paid-up share capital increased from 1,42,49,094 shares to 1,46,38,234 shares (~2.73% equity dilution in this tranche).
- 38,72,966 warrants remain outstanding out of the initial 1,06,00,000 warrants issued on April 17, 2025.
Magson Retail and Distribution has approved the allotment of 3,89,140 fully paid-up equity shares at ₹93.25 per share (₹10 face value + ₹83.25 premium) following the conversion of warrants by promoter group entity United Friends Ventures LLP. The company received ₹2.72 Cr representing the balance 75% payment (₹69.9375 per warrant). Following this allotment, the paid-up share capital increased from 1,42,49,094 shares (₹14.25 Cr) to 1,46,38,234 shares (₹14.64 Cr). A total of 38,72,966 warrants remain outstanding for conversion within the 18-month tenure ending October 2026.
- Allotted 3,89,140 equity shares to promoter entity United Friends Ventures LLP at ₹93.25 each
- Received ₹2,72,15,478.75 representing the balance 75% subscription amount
- Paid-up equity share capital expands to 1,46,38,234 shares (₹14.64 Cr)
- 38,72,966 warrants remain outstanding for conversion out of 1,06,00,000 originally issued
Magson Retail and Distribution Limited's Board has approved the re-appointment of promoter Mrs. Jennifer Rajesh Francis as Executive Director for a 3-year term spanning August 11, 2026, to August 10, 2029, subject to shareholder approval. The company also announced that its 8th Annual General Meeting (AGM) will be held on September 29, 2026, with a cut-off date of August 28, 2026, for notice dispatch. The move represents routine management continuity for the specialty food retail company.
- Re-appointment of Executive Director Mrs. Jennifer Rajesh Francis for a 3-year term effective August 11, 2026, to August 10, 2029.
- 8th Annual General Meeting convened for Tuesday, September 29, 2026, via Video Conferencing.
- Cut-off date for dispatch of AGM notice established as Friday, August 28, 2026.
- Re-appointment is subject to approval by shareholders at the upcoming AGM.
Financial Performance
Revenue Growth by Segment
Standalone revenue from gourmet, frozen, and specialty food retail/distribution grew 2.2% YoY to INR 67.37 Cr (Rs. 6737.17 Lakhs) in FY25. However, on a consolidated basis, revenue decreased by 0.45% YoY to INR 67.37 Cr (Rs. 6737.17 Lakhs) compared to INR 67.67 Cr in the previous year.
Geographic Revenue Split
The company is headquartered in Ahmedabad, Gujarat, with operations focused on expanding its retail footprint in the region; specific % split by other regions is not disclosed in available documents.
Profitability Margins
Consolidated Net Profit Margin experienced a sharp decline from 4.15% in FY24 to 0.65% in FY25, driven by a net profit drop of 84.5% to INR 0.43 Cr (Rs. 43.50 Lakhs). Standalone Net Profit Margin fell from 4.26% to 0.85% YoY.
EBITDA Margin
Consolidated Profit Before Tax (PBT) margin fell from 5.66% to 0.89% YoY, as PBT dropped 84.2% from INR 3.82 Cr to INR 0.60 Cr (Rs. 60.32 Lakhs) due to operational challenges and cost pressures.
Capital Expenditure
The company has outstanding capital commitments of INR 7.00 Cr (Rs. 700 Lakhs) as of March 31, 2025, for the purchase of land for production/warehouse facilities and office premises.
Credit Rating & Borrowing
Capital commitments of INR 7.00 Cr are planned to be funded through a mix of internal accruals and external borrowings; specific interest rates and credit ratings are not disclosed.
Operational Drivers
Raw Materials
Gourmet foods, frozen foods, and specialty foods represent 100% of the core inventory costs for the retail and distribution business.
Import Sources
Sourced from both local and international suppliers to ensure a steady supply of high-demand gourmet products.
Key Suppliers
The company maintains partnerships with various local and international suppliers; specific company names are not disclosed in the documents.
Capacity Expansion
Planned expansion includes the acquisition of land for a new production and warehouse facility funded by a INR 7.00 Cr commitment to enhance supply chain efficiency.
Raw Material Costs
Not explicitly disclosed as a % of revenue, but the company is focused on cost optimization to counter the 84.5% drop in consolidated net profit.
Manufacturing Efficiency
Not applicable as a primary metric for this retail/distribution model, though the company is investing in technology-driven customer retention.
Logistics & Distribution
The company is focused on improving delivery times and reducing costs through supply chain strengthening and local supplier partnerships.
Strategic Growth
Growth Strategy
Growth will be achieved through expanding the retail footprint, enhancing supply chain efficiencies, investing in technology-driven customer retention, and launching new products to diversify revenue streams.
Products & Services
Gourmet foods, frozen foods, and specialty foods sold through retail and distribution channels.
Brand Portfolio
Magson
New Products/Services
The company is adopting a strategy of launching new products and services to mitigate business risk, though specific revenue contribution % for new launches is not disclosed.
Market Expansion
Focused on expanding its retail footprint and brand positioning; specific target regions beyond Gujarat are not detailed.
Strategic Alliances
Partnerships with international suppliers are being developed to ensure a steady supply of high-demand products.
External Factors
Industry Trends
The gourmet and specialty food industry is growing, with a shift toward technology-driven retail and optimized supply chains for freshness.
Competitive Landscape
Operates in a highly competitive market for gourmet and frozen foods, facing pressure from both organized retail and local distributors.
Competitive Moat
Moat is built on brand positioning in the niche gourmet segment and established international sourcing partnerships, which are sustainable due to high entry barriers in specialty food logistics.
Macro Economic Sensitivity
Sensitive to consumer discretionary spending and inflation in the gourmet food segment.
Consumer Behavior
Increasing consumer preference for specialty and frozen gourmet foods is driving the company's focus on brand positioning and product variety.
Geopolitical Risks
Trade barriers or supply chain disruptions with international suppliers could impact the availability of specialty gourmet products.
Regulatory & Governance
Industry Regulations
Compliant with the Companies Act 2013, SEBI (LODR) Regulations 2015, and SEBI (Prohibition of Insider Trading) Regulations 2015.
Legal Contingencies
The company reported material compliance with applicable statutory provisions; no specific pending court case values were disclosed.
Risk Analysis
Key Uncertainties
High business dependence on specific product lines and human resource attrition in a competitive market are key risks that could impact operational stability.
Geographic Concentration Risk
Operations are primarily concentrated in Gujarat, with the registered office in Ahmedabad.
Third Party Dependencies
Dependent on local and international suppliers for high-demand gourmet products; loss of key international partnerships would disrupt the supply chain.
Technology Obsolescence Risk
The company is mitigating tech risks by investing in technology-driven customer retention and supply chain optimization.
Credit & Counterparty Risk
Credit risk is identified as a common financial risk, but specific receivable quality metrics are not disclosed.
