Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 63.10 | 66.14 | 71.40 | 50.22 | 71.10 | 60.40 | 80.01 | 61.03 | 85.71 | 86.15 | 100.29 | 95.24 |
| Expenses | 54.07 | 56.04 | 58.52 | 43.66 | 58.35 | 52.59 | 65.72 | 53.11 | 71.55 | 70.57 | 84.05 | 79.82 |
| Operating Profit | 9.03 | 10.10 | 12.88 | 6.56 | 12.75 | 7.81 | 14.29 | 7.92 | 14.16 | 15.58 | 16.24 | 15.42 |
| OPM % | 14.31% | 15.27% | 18.04% | 13.06% | 17.93% | 12.93% | 17.86% | 12.98% | 16.52% | 18.08% | 16.19% | 16.19% |
| Other Income | 0.20 | 0.50 | 0.48 | 0.21 | 0.13 | 0.06 | -0.69 | 0.05 | 0.18 | 0.03 | 0.08 | 0.17 |
| Interest | 0.04 | 0.12 | 0.06 | 0.06 | 0.11 | 0.28 | 0.10 | 0.10 | 0.06 | 0.71 | 0.70 | 0.49 |
| Depreciation | 0.95 | 1.07 | 1.20 | 1.30 | 1.45 | 1.58 | 1.61 | 1.76 | 1.77 | 1.89 | 1.98 | 2.15 |
| Profit before tax | 8.24 | 9.41 | 12.10 | 5.41 | 11.32 | 6.01 | 11.89 | 6.11 | 12.51 | 13.01 | 13.64 | 12.95 |
| Tax % | 25.36% | 25.19% | 26.78% | 25.88% | 26.50% | 25.62% | 27.75% | 25.37% | 25.10% | 24.75% | 25.66% | 26.02% |
| Net Profit | 6.16 | 7.03 | 8.85 | 4.01 | 8.30 | 4.47 | 8.60 | 4.56 | 9.38 | 9.79 | 10.15 | 9.58 |
| EPS in Rs | 6.16 | 7.03 | 8.85 | 4.01 | 8.30 | 4.47 | 8.60 | 4.56 | 9.38 | 9.79 | 10.15 | 9.58 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 64 | 68 | 105 | 140 | 82 | 113 | 190 | 202 | 241 | 262 | 333 | 367 |
| Expenses | 62 | 66 | 94 | 124 | 77 | 104 | 170 | 181 | 206 | 220 | 279 | 306 |
| Operating Profit | 2 | 2 | 12 | 17 | 5 | 9 | 20 | 21 | 35 | 42 | 54 | 61 |
| OPM % | 3.4% | 2.4% | 11% | 12% | 6% | 8% | 11% | 10% | 15% | 16% | 16% | 17% |
| Other Income | 0 | 0 | 1 | 3 | 1 | 0 | 1 | 0 | 1 | -0 | 0 | 0 |
| Interest | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 2 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 3 | 4 | 6 | 7 | 8 |
| Profit before tax | 1 | 1 | 11 | 18 | 4 | 7 | 18 | 17 | 32 | 35 | 45 | 52 |
| Tax % | 35% | 20% | 35% | 30% | 30% | 11% | 30% | 26% | 26% | 27% | 25% | |
| Net Profit | 0 | 1 | 7 | 13 | 3 | 6 | 13 | 13 | 24 | 25 | 34 | 39 |
| EPS in Rs | 8.17 | 13.00 | 7.04 | 12.64 | 2.73 | 6.03 | 12.83 | 12.88 | 24.09 | 25.43 | 33.86 | 38.90 |
| Dividend Payout % | 0% | 0% | 14% | 8% | 0% | 0% | 12% | 12% | 6% | 6% | 4% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 18% | 24% | 18% | 35% | ||
| Compounded Profit Growth | 53% | 42% | 38% | 47% | ||
| Stock Price CAGR | % | 66% | 95% | 159% | ||
| Return on Equity | 17% | 19% | 21% | 21% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.50 | 0.60 | 0.60 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves | 1 | 2 | 3 | 43 | 56 | 57 | 62 | 75 | 87 | 109 | 133 | 165 |
| Borrowings | 8 | 4 | 4 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 3 | 1 |
| Other Liabilities | 17 | 18 | 25 | 41 | 43 | 31 | 62 | 58 | 42 | 61 | 72 | 90 |
| Total Liabilities | 27 | 25 | 33 | 95 | 109 | 98 | 134 | 143 | 139 | 180 | 218 | 265 |
| Fixed Assets | 3 | 3 | 3 | 5 | 6 | 36 | 37 | 40 | 44 | 47 | 55 | 61 |
| CWIP | 0 | 0 | 0 | 0 | 6 | 1 | 1 | 0 | 0 | 3 | 5 | 1 |
| Investments | 1 | 0 | 0 | 8 | 1 | 1 | 20 | 5 | 5 | 5 | 0 | 0 |
| Other Assets | 22 | 22 | 30 | 83 | 97 | 60 | 76 | 98 | 91 | 125 | 158 | 204 |
| Total Assets | 27 | 25 | 33 | 95 | 109 | 98 | 134 | 143 | 139 | 180 | 218 | 265 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -0 | 6 | -2 | 10 | -11 | 2 | 23 | -7 | 5 | 17 | 7 | 14 |
| Cash from Investing Activity | 1 | 1 | -1 | -10 | -3 | -1 | -20 | 10 | -7 | -10 | -11 | -11 |
| Cash from Financing Activity | -2 | -2 | -4 | 39 | 2 | -1 | -1 | -1 | -1 | -2 | 1 | -3 |
| Net Cash Flow | -1 | 6 | -6 | 39 | -11 | -0 | 2 | 3 | -3 | 6 | -3 | 0 |
| Free Cash Flow | -2 | 6 | -3 | 8 | -19 | -21 | 18 | -11 | -2 | 6 | -9 | 3 |
| CFO/OP | -20% | 309% | -93% | 125% | -32% | 63% | 257% | -6% | 45% | 70% | 42% | 48% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 13 | 19 | 56 | 14 | 23 | 15 | 12 | 11 | 23 | 33 | 48 | 51 |
| Inventory Days | 125 | 78 | 127 | 142 | 183 | 306 | 285 | 208 | 184 | 203 | 243 | 259 |
| Days Payable | 114 | 119 | 176 | 183 | 143 | 155 | 208 | 114 | 73 | 97 | 124 | 128 |
| Cash Conversion Cycle | 25 | -22 | 7 | -27 | 63 | 165 | 89 | 105 | 134 | 139 | 167 | 182 |
| Working Capital Days | 10 | -15 | -1 | -2 | 59 | 102 | 25 | 60 | 81 | 86 | 113 | 120 |
| ROCE % | 8% | 19% | 18% | 36% | 30% | 6% | 10% | 23% | 19% | 30% | 27% | 29% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 73.16% | 73.17% | 73.17% | 73.17% | 73.17% | 73.17% | 73.17% | 73.17% | 73.00% | 73.17% | 73.17% | 73.22% |
| FIIs | 0.00% | 0.04% | 0.66% | 0.81% | 1.13% | 1.25% | 1.32% | 1.29% | 1.00% | 1.03% | 1.11% | 0.57% |
| DIIs | 0.00% | 0.48% | 0.18% | 0.00% | 0.00% | 0.00% | 0.27% | 0.28% | 0.00% | 0.35% | 0.52% | 0.39% |
| Public | 26.84% | 26.32% | 25.99% | 26.01% | 25.70% | 25.58% | 25.24% | 25.26% | 25.00% | 25.44% | 25.20% | 25.82% |
| No. of Shareholders | 13,020 | 11,771 | 11,984 | 14,597 | 16,876 | 17,699 | 17,769 | 16,979 | 16,617 | 16,346 | 15,968 | 16,120 |
Fundamentals
Market Cap₹ 2,129 Cr.
Current Price₹ 2,128
Stock P/E54.7
Book Value₹ 175
ROCE29.1 %
ROE21.3 %
Dividend Yield0.07 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)35%
Compounded Profit Growth (TTM)47%
Standalone figures.
Valuation
Market capRs 2,146 Cr
Enterprise valueRs 2,140 Cr
P/E (TTM)55.16x
Price to book12.24x
Price to sales5.84x
EV / EBITDA34.59x
EV / EBIT39.57x
EV / sales5.82x
Price to cash flow152.94x
Earnings yield1.81%
Dividend yield0.07%
P/E, 3-year average32.89x
P/B, 3-year average6.35x
P/E, 5-year average27.56x
P/B, 5-year average4.92x
Profitability
Operating margin (excl. other income)16.18%
Operating margin (incl. other income)16.28%
EBITDA margin16.84%
Pre-tax margin14.18%
Net profit margin10.59%
Net margin, latest quarter10.06%
ROE21.30%
ROCE29.11%
ROA14.01%
ROE, 3-year average21.02%
ROCE, 3-year average28.60%
ROA, 3-year average13.95%
ROE, 5-year average18.73%
ROCE, 5-year average25.73%
ROA, 5-year average12.05%
ROIC (approx.)23.89%
Tax rate25.20%
Other income / net worth0.19%
Growth
Sales growth (latest year)27.26%
Profit growth (latest year)33.14%
Sales CAGR, 3 years18.17%
Sales CAGR, 5 years24.17%
Profit CAGR, 3 years37.99%
Profit CAGR, 5 years41.22%
Sales growth QoQ-5.04%
Profit growth QoQ-5.62%
Sales growth YoY (latest quarter)56.05%
Profit growth YoY (latest quarter)110.09%
Per share
EPS (TTM)Rs 38.88
EPS (latest year)Rs 33.86
EPS (latest quarter)Rs 9.58
EPS, 3-year averageRs 27.79
EPS, 5-year averageRs 21.82
Book value per shareRs 175.17
Sales per shareRs 367.24
Cash flow per shareRs 14.02
Free cash flow per shareRs 3.00
Dividend per share (latest year)Rs 1.50
Dividend per share, 3-year averageRs 1.50
Dividend per share, 5-year averageRs 1.50
Dividends
Dividend payout4.43%
Dividend payout, 3-year average5.52%
Dividend payout, 5-year average7.97%
Efficiency
Asset turnover1.26x
Fixed asset turnover5.49x
Inventory turnover1.57x
Inventory days232 days
Debtor days51 days
Debtors turnover7.20x
Creditor days128 days
Cash conversion cycle182 days
Working capital days120 days
Leverage
Total debtRs 1 Cr
Cash and bankRs 7 Cr
Net debtRs -6 Cr
Debt to equity0.00x
Net debt / EBITDA-0.10x
Interest coverage27.59x
Current ratio (filing 2026-03-31)2.34x
Quick ratio (filing 2026-03-31)0.66x
Trade payables (filing 2026-03-31)Rs 72 Cr
Owners' fund to total sources66.01%
Debt to assets0.26%
Cash flow
Cash from Operating Activity (latest year)Rs 14 Cr
Cash from Investing Activity (latest year)Rs -11 Cr
Cash from Financing Activity (latest year)Rs -3 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs 3 Cr
FCFE (approx.: FCF + change in debt)Rs 1 Cr
Cash from ops / profit, 5 years0.33x
Sales to cash flow23.75x
Statement figures
Net sales (TTM)Rs 367 Cr
Net sales (latest year)Rs 333 Cr
Sales (latest quarter)Rs 95 Cr
Operating profit excl. other income (latest year)Rs 54 Cr
Operating profit (latest quarter)Rs 15 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 62 Cr
PBDT (TTM)Rs 60 Cr
Profit before tax (TTM)Rs 52 Cr
Tax (latest year)Rs 11 Cr
Net profit (TTM)Rs 39 Cr
Net profit (latest year)Rs 34 Cr
Net profit (latest quarter)Rs 10 Cr
Depreciation (TTM)Rs 8 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 229 Cr
Total expenditure (latest year)Rs 279 Cr
Total income (latest year)Rs 334 Cr
Share capitalRs 10 Cr
ReservesRs 165 Cr
Shareholders' fundsRs 175 Cr
Total assetsRs 265 Cr
Net blockRs 61 Cr
Capital work in progressRs 1 Cr
ReceivablesRs 46 Cr
InventoryRs 146 Cr
Other liabilitiesRs 90 Cr
Shares outstanding (crore)1.00
Ownership
Promoter holding73.22% (+0.05 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 55.2 is at the 87th percentile of its own 8.7-year range
(median 30.8, low 2.8, high 332.1).
P/B 12.24 is at the 92th percentile (median 3.27).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | MACPOWER | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +4.1% | -2.8% | +6.8 pts |
| 1 month | +12.2% | -6.8% | +19.0 pts |
| 3 months | +50.8% | -7.6% | +58.4 pts |
| 6 months | +170.5% | +0.4% | +170.1 pts |
| 1 year | +149.1% | -9.9% | +159.1 pts |
| 2 years | +67.1% | -13.6% | +80.6 pts |
| 3 years | +643.3% | +14.2% | +629.1 pts |
| 5 years | +1169.1% | +27.9% | +1141.2 pts |
Red flags
F-score 7 of 8| explain | Weak cash conversion Cash from operations was 45% of net profit over the last 3 years |
| look | On NSE surveillance On NSE surveillance: ASM long-term |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹95 Cr +56.1% vs Jun 2025.
Net profit ₹10 Cr +110.1%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Indo-MIM Ltd | 61,719 | 95.6 | 25.0 % |
| Aditya Infotech Ltd | 46,814 | 98.1 | 28.6 % |
| Syrma SGS Technology Ltd | 32,638 | 87.9 | 16.8 % |
| Honeywell Automation India Ltd | 30,038 | 53.7 | 17.0 % |
| Jyoti CNC Automation Ltd | 24,091 | 74.9 | 21.3 % |
| Kaynes Technology India Ltd | 23,605 | 68.0 | 12.7 % |
| LMW Ltd | 18,115 | 99.2 | 5.58 % |
| Lloyds Engineering Works Ltd | 15,850 | 70.9 | 16.1 % |
| Tega Industries Ltd | 15,481 | 8.14 % | |
| Kennametal India Ltd | 8,878 | 45.3 | 33.2 % |
| Dynamatic Technologies Ltd | 8,873 | 151 | 10.2 % |
| Standard Engineering Technology Ltd | 8,557 | 100 | 14.7 % |
| Raymond Ltd | 7,894 | 46.9 | 3.14 % |
| Omnitech Engineering Ltd | 6,939 | 66.8 | 17.6 % |
| GMM Pfaudler Ltd | 6,641 | 52.7 | 13.6 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-09-16 | Dividend - Rs 1.50 Per Share | |
| 2025-09-10 | Dividend - Rs 1.50 Per Share | |
| 2024-09-20 | Annual General Meeting/Dividend - Rs 1.50 Per Share | |
| 2023-09-15 | Annual General Meeting/Dividend - Rs 1.50 Per Share | |
| 2022-09-19 | Annual General Meeting/Dividend - Re 1 Per Share | |
| 2021-11-02 | Interim Dividend - Rs 0.50 Per Share | |
| 2021-09-21 | Annual General Meeting | |
| 2020-09-21 | Annual General Meeting |
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Long Term Additional Surveillance Measure (Long Term ASM): stage 1Scrip PE is greater than 50 (4 trailing quarters)