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Magellanic Cloud Limited (MCLOUD)

₹24.54 +3.68% last close, 16 Oct

📊 NSE: MCLOUD 🏢 Computers - Software - Medium / Small 📢 Latest filing: 16 Oct 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Magellanic Cloud's revenue was ₹180 Cr (+9.9% year on year, -12.5% on the previous quarter), and net profit ₹23.7 Cr (-15.3% year on year); the operating margin was 28.1%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹180	+9.9%	-12.5%
Operating profit	₹50.7	-11.0%	-4.3%
Net profit	₹23.7	-15.3%	-21.0%
EPS (₹)	0.40	-14.9%	-20.0%
Operating margin	28.1%	—	—

Full quarterly financials → Results calendar →

MCLOUD delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 23.34% of the MCLOUD shares traded on NSE were taken to delivery, against the stock's own 20-session average of 39.43%. The price rose 3.68% on unusually low delivery, so more of the move than usual was intraday trading. It traded 2.1 times its average daily volume.

23.34%Delivery, 16 Oct

39.43%Own 20-session average

2.1×Volume vs its average

₹24.54NSE close · +3.68%

Delivery in the last 5 sessions: 21.8% · 24.1% · 22.6% · 18.5% · 23.3%

Delivery across the market →Unusual volume today →

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

MCLOUD Subsidiary Wins ₹29.13 Cr Railway Order for Kumbh Mela 2027

🟢 POSITIVE ⭐ 6/10

OTHER 📅 16 Oct 2026, 09:15 AM

Magellanic Cloud Limited's wholly owned subsidiary, Provigil Surveillance Limited, has received a Letter of Acceptance (LOA) for an order worth ₹29.13 crore from Northern Railway, Moradabad Division. The contract involves deploying AI-enabled CCTV and integrated e-surveillance infrastructure for Kumbh Mela 2027 across railway stations between LRJ–HW and HW–RKSH. The order value represents approximately 4.1% of the company's TTM revenue of ₹715 crore. The initial deployment timeline is aggressive at 3 months, followed by a 5-year Annual Maintenance Contract (AMC) after the warranty period.

Received ₹29.13 crore LOA from Northern Railway, Moradabad Division
Scope covers CCTV and integrated e-surveillance between LRJ–HW and HW–RKSH for Kumbh Mela 2027
Tight execution timeline of 3 months from LOA date for initial infrastructure setup
Includes a subsequent 5-year Annual Maintenance Contract (AMC) after the warranty period

💡 Track execution and revenue recognition across the upcoming two quarters given the 3-month project deadline, and monitor operating cash flow impacts from railway contract billing cycles.

MCLOUD Subsidiary Wins ₹29.13 Cr Northern Railway E-Surveillance Contract

🟢 POSITIVE ⭐ 6/10

OTHER 📅 16 Oct 2026, 09:10 AM

Magellanic Cloud Limited's wholly owned subsidiary, Provigil Surveillance Limited, received a Letter of Acceptance (LOA) worth ₹29.13 crore from Northern Railway, Moradabad Division. The order involves deploying CCTV and e-surveillance infrastructure across railway stations between LRJ-HW and HW-RKSH for Kumbh Mela 2027. The project value represents approximately 4.1% of the company's TTM revenue of ₹715 crore. Execution is scheduled within a short 3-month window from the LOA date, followed by a 5-year Comprehensive AMC after warranty.

Received Letter of Acceptance worth ₹29,13,11,564.72 from Northern Railway, Moradabad Division
Scope entails CCTV deployment between LRJ-HW and HW-RKSH stations for Kumbh Mela 2027
Scheduled project completion period of 3 months from the date of LOA
Includes a 5-year Comprehensive Annual Maintenance Contract (AMC) after the warranty period
Contract value represents ~4.1% of TTM revenue (₹715 crore)

💡 Track the execution progress over the next 3 months and observe whether revenue recognition reflects in upcoming quarterly filings without margin dilution.

Magellanic Cloud Submits Demat Compliance Certificate for Q2 FY27

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 12 Oct 2026, 03:45 PM

Magellanic Cloud Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate was issued by the Registrar and Share Transfer Agent, Niche Technologies Private Limited, on October 06, 2026. The RTA confirmed that securities received for dematerialisation during the period were verified, accepted or rejected, and that certificates were mutilated and cancelled as per standard depository procedures. This is a purely statutory filing with no financial or operational impact.

Compliance submission under Regulation 74(5) of SEBI Regulations, 2018 for quarter ended September 30, 2026
RTA confirmation certificate issued by Niche Technologies Private Limited dated October 06, 2026
Company filing submitted to BSE and NSE on October 12, 2026

💡 Track the upcoming Q2 FY27 financial results and operational updates, as this demat certificate is purely administrative.

Magellanic Cloud Closes Trading Window from October 1, 2026 for Q2 Results

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 25 Sep 2026, 02:05 PM

Magellanic Cloud Limited has announced the closure of its trading window for designated persons starting Thursday, October 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, for the quarter and half-year ending September 30, 2026. The window will reopen 48 hours after the declaration of the unaudited standalone and consolidated financial results. The specific date of the board meeting to approve the results will be notified separately.

Trading window closes on Thursday, October 01, 2026
Closure applies to designated persons for the quarter ending September 30, 2026
Window will reopen 48 hours after financial results and limited review report are declared
Board meeting date to consider Q2 results to be announced in due course

💡 Track the upcoming board meeting intimation date to know when the Q2 and half-year financial results will be announced.

Subsidiary Provigil Bags ₹44.60 Lakh AI Surveillance Order from Nayara Energy

🟡 NEUTRAL ⭐ 3/10

OTHER 📅 21 Sep 2026, 09:14 AM

Magellanic Cloud Limited announced that its wholly owned subsidiary, Provigil Surveillance Limited, has received a purchase order worth ₹44.60 lakh (₹44,60,400) from Nayara Energy Limited. The contract involves implementing an AI-powered Automatic Number Plate Recognition (ANPR) and Video Analytics Platform across selected retail outlets and oil depots. Financially, this order is extremely small, representing less than 0.1% of the company's TTM revenue of ₹576 crore. However, management views this pilot deployment as a strategic entry point into India's fuel retail automation sector.

Purchase order value is ₹44.60 lakh (₹44,60,400/-)
Contract awarded by Nayara Energy Limited to wholly owned subsidiary Provigil Surveillance Limited
Scope covers deployment of AI-powered ANPR and video analytics across select retail outlets and oil depots
Order represents under 0.08% of MCLOUD's TTM revenue of ₹576 crore

💡 Track whether this initial deployment leads to larger, commercial-scale rollouts across Nayara Energy's wider network or other oil marketing companies in upcoming quarters.

MCLOUD Subsidiary Wins ₹44.60 Lakh Purchase Order from Nayara Energy

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 21 Sep 2026, 09:07 AM

Magellanic Cloud Limited's wholly owned subsidiary, Provigil Surveillance Limited, has received a purchase order valued at ₹44.60 lakh (₹44,60,400) from Nayara Energy Limited. The contract entails deploying an AI-powered Automatic Number Plate Recognition (ANPR) and video analytics platform across selected retail outlets and oil depots. Given MCLOUD's TTM revenue of ₹576 crore, the order is financially immaterial at under 0.08% of annual turnover, representing standard business operations in its e-surveillance vertical.

Purchase order value stands at ₹44,60,400 (₹44.60 lakh)
Contract awarded to wholly owned subsidiary Provigil Surveillance Limited
Client is Nayara Energy Limited for retail outlets and oil depots
Scope covers deployment of AI-powered ANPR and Video Analytics Platform

💡 Track execution in the e-surveillance segment and monitor if this pilot contract with Nayara Energy leads to larger pan-network rollouts across their fuel retail chain.

Magellanic Cloud Issues FY26 Annual Report Weblink Ahead of September 30 AGM

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 15 Sep 2026, 02:04 PM

Magellanic Cloud Limited has dispatched a web-link notice regarding its FY2025-26 Annual Report to shareholders whose email addresses are unregistered as of the August 28, 2026 cut-off date. The communication also sets the 45th Annual General Meeting for September 30, 2026, at 12:00 noon IST via video conference. Additionally, it reminds physical security holders to complete mandatory KYC updates per SEBI directives to remain eligible for electronic dividend payments. This filing is procedural in nature and has no impact on business operations or financials.

45th Annual General Meeting scheduled for September 30, 2026, at 12:00 noon IST via VC/OAVM
Record/cut-off date for dispatch of communication was August 28, 2026
Issued under Regulation 36(1)(b) of SEBI LODR Regulations for shareholders without registered emails
Mandatory KYC updates reiterated pursuant to SEBI circular dated May 7, 2024

💡 Shareholders holding physical shares should ensure KYC details are registered with the RTA to prevent disruption in corporate benefits, and track the upcoming AGM on September 30, 2026.

Magellanic Cloud Submits Business Responsibility & Sustainability Report for FY 2025-26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 08 Sep 2026, 04:31 PM

Magellanic Cloud Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for FY 2025-26 pursuant to SEBI Listing Regulations. The report details standalone turnover of INR 10,203.48 Lakhs (₹102.03 Cr) and net worth of INR 26,083.36 Lakhs (₹260.83 Cr). Exports constituted 77.9% of total turnover, with IT Consulting Services contributing 87.57% and Monitoring Services 7.32%. The filing is an annual statutory compliance disclosure and contains no immediate financial or operational revisions.

Standalone turnover reported at INR 10,203.48 Lakhs and net worth at INR 26,083.36 Lakhs for FY 2025-26
IT Consulting Services formed 87.57% of turnover, followed by Monitoring Services at 7.32% and Drone Trading at 5.07%
Exports contributed 77.9% of total entity turnover across 4 international countries
Total permanent workforce stood at 150 employees (64.67% male, 35.33% female) on a standalone basis
Zero complaints received across communities, investors, employees, or customers, and nil data breaches reported

💡 Track the upcoming Q2 FY27 earnings performance and execution updates regarding the company's ₹140+ Cr surveillance and drone contract pipeline.

Magellanic Cloud Schedules 45th AGM for September 30, 2026; E-Voting From September 27

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 08 Sep 2026, 03:57 PM

Magellanic Cloud Limited has announced that its 45th Annual General Meeting (AGM) will take place virtually on September 30, 2026, at 12:00 noon IST. The cut-off date for eligibility to cast votes electronically is set for September 23, 2026. The remote e-voting window will open on September 27, 2026, at 09:00 a.m. and conclude on September 29, 2026, at 05:00 p.m. Ordinary business includes the adoption of FY26 audited accounts and the re-appointment of retiring director Mr. Carwin Heierman.

45th Annual General Meeting scheduled for September 30, 2026, at 12:00 noon IST via VC/OAVM
Cut-off date to determine e-voting eligibility fixed as September 23, 2026
Remote e-voting period runs from September 27, 2026 (09:00 a.m.) to September 29, 2026 (05:00 p.m.)
Ordinary resolutions include adoption of FY26 financial statements and re-appointment of Director Carwin Heierman

💡 Eligible shareholders holding shares as of the September 23, 2026 cut-off date should review the annual report and participate in the remote e-voting starting September 27, 2026.

Provigil Surveillance Secures ₹3.49 Cr Western Railway CCTV Order Across 38 Stations

🟢 POSITIVE ⭐ 5/10

OTHER 📅 07 Sep 2026, 09:22 AM

Magellanic Cloud Limited's wholly owned subsidiary, Provigil Surveillance Limited, has received a Letter of Acceptance (LOA) valued at ₹3.49 crore from Western Railway, Ratlam Division. The contract covers the supply, installation, testing, and commissioning of telecom material for IP-based CCTV systems across 38 railway stations. Relative to the company's TTM revenue of ₹576 crore, this contract is modest (~0.61%), but it reinforces MCLOUD's recurring presence in Indian Railways e-surveillance infrastructure projects.

Received ₹3.49 crore LOA from Western Railway, Ratlam Division
Covers deployment of IP-based CCTV systems across 38 railway stations
Order value accounts for ~0.61% of TTM revenue of ₹576 crore

💡 Track delivery and commissioning timelines alongside order pipeline conversion in the e-surveillance vertical in upcoming quarters.

Provigil Surveillance Secures ₹3.50 Cr Railway CCTV Contract from Western Railway

🟢 POSITIVE ⭐ 5/10

EXPANSION 📅 07 Sep 2026, 09:10 AM

Magellanic Cloud Limited's wholly owned subsidiary, Provigil Surveillance Limited, has received a Letter of Acceptance (LOA) worth ₹3.497 Crore from Western Railway's Ratlam Division. The contract entails the supply, installation, testing, and commissioning (SITC) of telecom material and IP-based CCTV surveillance systems across 38 stations in the Ratlam Division. The order reinforces the company's railway surveillance footprint, though at ~0.61% of TTM revenue (₹576 Cr), the financial impact on overall operations is modest.

Received Letter of Acceptance (LOA) worth ₹3,49,70,064.65 from Western Railway, Ratlam Division
Scope covers deployment of IP-based CCTV systems across 38 railway stations
Includes end-to-end SITC, cable laying, HDD boring, and railway CCTV system integration
Order represents approximately 0.61% of company's TTM revenue of ₹576 Cr

💡 Track project execution timelines and subsequent order inflows from the company's targeted ₹140+ Cr e-surveillance pipeline across Indian Railways and NHAI.

Resignation of Independent Director Elisha Thatisetty Effective September 01, 2026

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 02 Sep 2026, 05:50 PM

Magellanic Cloud Limited announced the resignation of Mr. Elisha Thatisetty (DIN: 08531842), Non-Executive, Independent Director, effective from the close of business hours on September 01, 2026. The director cited personal reasons and other professional commitments, confirming there are no other material reasons. Mr. Thatisetty holds directorships and board committee memberships in nil other listed entities. This is a routine board composition change with no operational or financial impact on the company's Rs 576 Cr TTM revenue base.

Resignation of Non-Executive Independent Director Elisha Thatisetty (DIN: 08531842)
Effective cessation date: September 01, 2026, close of business hours
Resignation letter dated August 30, 2026, citing personal reasons and professional commitments
Directorships in other listed entities: Nil

💡 Track the appointment of a new Independent Director in upcoming board meetings to maintain statutory board composition and committee balance.

Independent Director Elisha Thatisetty Resigns from Magellanic Cloud Board Effective Sept 1, 2026

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 02 Sep 2026, 05:43 PM

Magellanic Cloud Limited announced the resignation of Mr. Elisha Thatisetty (DIN: 08531842) from his position as Non-Executive, Independent Director. The resignation is effective from the close of business hours on September 01, 2026. The director cited personal reasons and other professional commitments, confirming there are no other material reasons for his departure. The company has a market cap of approximately Rs 1,550 Cr with TTM revenues of Rs 576 Cr.

Resignation of Non-Executive, Independent Director Mr. Elisha Thatisetty (DIN: 08531842)
Effective date of cessation is September 01, 2026, from the closure of business hours
Resignation letter dated August 30, 2026, confirmed reasons as personal and professional commitments
No other material reasons or listed directorships reported by the outgoing director

💡 Track subsequent board appointments to ensure the company maintains compliance with SEBI LODR board composition requirements for independent directors.

Independent Director Elisha Thatisetty Resigns Effective September 01, 2026

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 02 Sep 2026, 05:22 PM

Magellanic Cloud Limited has announced the resignation of Mr. Elisha Thatisetty (DIN: 08531842) as a Non-Executive Independent Director, effective from the close of business hours on September 01, 2026. The resignation was tendered via letter dated August 30, 2026, citing personal reasons and other professional commitments. Both the director and the company confirmed there are no other material reasons for his departure. The outgoing director holds zero other listed company directorships, making this a routine board-level adjustment with no operational disruption.

Resignation effective from closure of business hours on September 01, 2026
Resignation letter submitted on August 30, 2026 citing personal reasons and professional commitments
Confirmed Nil directorships or committee memberships in other listed entities
Company confirmed no other material reasons behind the resignation

💡 Track subsequent board appointments to verify continued compliance with SEBI listing regulations regarding the required proportion of independent directors.

Magellanic Cloud Completes Phase 1 Handover of 685 of 930 Punjab & Sind Bank Sites in 5 Months

🟢 POSITIVE ⭐ 5/10

OTHER 📅 02 Sep 2026, 09:27 AM

Magellanic Cloud has completed Phase 1 deployment and handed over 685 e-surveillance sites out of a total 930-site scope for Punjab & Sind Bank by the second week of August 2026. This achieves ~74% completion of the project within approximately five months from the initial Purchase Order dated March 19, 2026. The engagement includes ongoing operations and maintenance (O&M) support across the bank's distributed branch network.

Completed handover of 685 sites under Phase 1 of the Punjab & Sind Bank deployment
Achieved ~74% completion against total project scope of 930 sites
Execution timeline spanned ~5 months from Purchase Order dated 19 March 2026 to second week of August 2026
Contract scope encompasses long-term operations and maintenance (O&M) support

💡 Track the execution timeline for the remaining 245 sites and look for revenue recognition from deployment and recurring O&M in upcoming quarterly financials.

View All MCLOUD Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Total Income for Q2 FY26 grew 5.42% YoY to INR 165.83 Cr. Annual revenue for FY25 grew 6.6% from INR 560 Cr to INR 597 Cr, driven by strong operating momentum in digital transformation and e-surveillance verticals.

Geographic Revenue Split

The company serves 100+ clients across the USA, Europe, and Asia; however, the specific percentage contribution from each region is not disclosed in available documents.

Profitability Margins

Net Profit Margin for FY25 was 17%, a decline from 24% in FY24. Operating Profit Margin also decreased from 88% in FY24 to 78% in FY25, reflecting shifts in operational costs during business evolution.

EBITDA Margin

EBITDA rose 4.2% in FY25. Core profitability remains stable with PAT growing 13.10% YoY to INR 27.62 Cr in Q2 FY26, signaling strategic stabilization and consistent cost discipline.

⚙️ Operational Drivers

Raw Materials

As a technology-focused firm, the primary 'raw material' is human capital, consisting of 1,600+ professionals. Specific hardware component costs for the drone and surveillance divisions are not disclosed.

Capacity Expansion

The company currently employs over 1,600 professionals. Expansion is focused on scaling innovation in AI, cloud, and analytics through subsidiaries like Motivity Labs and Scandron.

📈 Strategic Growth

Growth Strategy

Growth will be achieved by leveraging a INR 140+ Cr order pipeline in e-surveillance from Indian Railways and NHAI, expanding the drone division which clocks orders every quarter, and exploring new sectors and geographies to broaden market reach.

Products & Services

Digital transformation services, AI/ML solutions, cloud services, e-surveillance systems, and drone technologies (Scandron).

Brand Portfolio

Motivity Labs, Scandron, IVIS, Finoux, JNIT Technologies, and Provigil Surveillance.

New Products/Services

New product focus includes AI-driven surveillance and advanced drone solutions, with Scandron securing work orders for drone-based services.

Market Expansion

Actively exploring new sectors and geographies, specifically targeting growth in the USA, Europe, and Asia through its global delivery model.

Strategic Alliances

Formed strategic global partnerships with leading technology companies to enhance digital transformation and AI capabilities.

🌍 External Factors

Industry Trends

The industry is seeing an accelerating trend in cloud adoption and digital transformation. MCLOUD is positioning itself as a preferred partner for clients seeking cloud-native capabilities to power business transformation.

Competitive Landscape

Operates in a dynamic and intense competitive environment within the IT services and advanced surveillance industries.

Competitive Moat

Moat is built on deep domain expertise across multiple industry verticals and CMMI Level 3 process discipline, which provides a durable advantage in securing large-scale government projects like those from Indian Railways.

Macro Economic Sensitivity

Sensitive to global digital adoption trends and IT spending cycles, which drive demand for cloud migration and transformation services.

Consumer Behavior

Clients are increasingly seeking integrated digital ecosystems that combine security, intelligence, and enterprise efficiency.

Geopolitical Risks

Exposure to global shifts in technology-sensitive sectors requires agility and strategic adaptation to mitigate international trade or regulatory barriers.

⚖️ Regulatory & Governance

Industry Regulations

Complies with the Companies Act 2013 and SEBI regulations. The drone division (Scandron) operates under specific aviation and technology standards, though specific compliance costs are not detailed.

Legal Contingencies

The Secretarial Audit for FY25 noted that the term of an Independent Director (Mr. Robert Alan Forbes Jr.) expired on May 27, 2024, requiring shareholder approval for reappointment. No specific court case values were disclosed.