Macpower CNC Machines Limited (MACPOWER) — Financial Results

Investor Takeaways

Revenue grew 27.26% YoY to ₹333.18 crores in FY26

PAT increased 33.13% YoY to ₹33.87 crores in FY26

Order book expanded 23% YoY to ₹406 crores

⚠️ No specific risks identified in this filing

Overall Tone: Positive based on the numbers only.

Key Financial Highlights

Metric	Value	YoY Change
Revenue	₹333.18 Cr	27.26%
Net Profit	₹33.87 Cr	33.13%
EBITDA	₹53.90 Cr	29.74%
EPS	Not available
OPM	Not available

What Changed

Macpower CNC Machines Limited reported strong financial performance for FY26, with revenue rising 27.26% year-on-year to ₹333.18 crores and net profit increasing 33.13% to ₹33.87 crores. The fourth quarter of FY26 showed revenue of ₹100.29 crores, up 25.34% YoY. The company’s order book grew 23% YoY to ₹406 crores, reflecting robust demand. EBITDA increased 29.74% YoY to ₹53.90 crores, indicating improving operational efficiency. Management has set a target of 28-30% revenue growth for FY27, supported by capacity utilization expected to reach 90%. A capital expenditure of ₹30-35 crores is planned for expansion on 13 acres, including a dedicated defense assembly facility. Recurring revenue from service contracts is targeted at ₹5-6 crores. Inventory management includes a one-year buffer on critical components, contributing to margin stability. The company emphasized backward integration and cautious export strategies following domestic capacity expansion. These developments suggest a strategic shift toward scalable, margin-accretive growth with a focus on recurring revenue streams.

Peer Comparison

Company	P/E	ROE	ROCE	Market Cap (₹ Cr)
Macpower CNC Machines Limited	33.69	Not available	Not available	1,088.75
Bharat Electronics Limited (BEL)	62.03	N/A	N/A	3,09,678.78
Hindustan Aeronautics Limited (HAL)	33.73	N/A	N/A	2,93,338.09
Cummins India Limited (CUMMINSIND)	74.38	N/A	N/A	1,49,466.24

Macpower CNC’s P/E ratio of 33.69 is comparable to HAL and significantly lower than BEL and Cummins India, suggesting relatively moderate valuation against large-cap peers despite lower scale.