Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹1,681, the stock trades at a trailing P/E ratio of 43.2x. Average trailing P/E is 29x in the Machinery industry in India. Total returns to shareholders of 589% over the past three years. Reported Earnings • Jul 30
First quarter 2027 earnings released: EPS: ₹9.58 (vs ₹4.55 in 1Q 2026) First quarter 2027 results: EPS: ₹9.58 (up from ₹4.55 in 1Q 2026). Revenue: ₹954.0m (up 56% from 1Q 2026). Net income: ₹95.8m (up 110% from 1Q 2026). Profit margin: 10.0% (up from 7.5% in 1Q 2026). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 74% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 22
Macpower CNC Machines Limited to Report Q1, 2027 Results on Jul 29, 2026 Macpower CNC Machines Limited announced that they will report Q1, 2027 results on Jul 29, 2026 Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹1,422, the stock trades at a trailing P/E ratio of 42x. Average trailing P/E is 29x in the Machinery industry in India. Total returns to shareholders of 361% over the past three years. New Risk • Jun 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (20% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.9% average weekly change). Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹1,182, the stock trades at a trailing P/E ratio of 34.9x. Average trailing P/E is 28x in the Machinery industry in India. Total returns to shareholders of 264% over the past three years. New Risk • Jun 01
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹9.15b (US$96.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (20% accrual ratio). Minor Risk Market cap is less than US$100m (₹9.15b market cap, or US$96.5m). Reported Earnings • May 28
Full year 2026 earnings released: EPS: ₹33.86 (vs ₹25.43 in FY 2025) Full year 2026 results: EPS: ₹33.86 (up from ₹25.43 in FY 2025). Revenue: ₹3.34b (up 27% from FY 2025). Net income: ₹338.7m (up 33% from FY 2025). Profit margin: 10% (in line with FY 2025). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 19
Macpower CNC Machines Limited to Report Q4, 2026 Results on May 27, 2026 Macpower CNC Machines Limited announced that they will report Q4, 2026 results on May 27, 2026 Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹919, the stock trades at a trailing P/E ratio of 28.4x. Average trailing P/E is 24x in the Machinery industry in India. Total returns to shareholders of 212% over the past three years. Reported Earnings • Feb 11
Third quarter 2026 earnings released: EPS: ₹9.79 (vs ₹4.47 in 3Q 2025) Third quarter 2026 results: EPS: ₹9.79 (up from ₹4.47 in 3Q 2025). Revenue: ₹861.8m (up 43% from 3Q 2025). Net income: ₹97.9m (up 119% from 3Q 2025). Profit margin: 11% (up from 7.4% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 04
Macpower CNC Machines Limited to Report Q3, 2026 Results on Feb 10, 2026 Macpower CNC Machines Limited announced that they will report Q3, 2026 results on Feb 10, 2026 New Risk • Jan 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.97b (US$98.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (20% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (₹8.97b market cap, or US$98.7m). New Risk • Dec 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (20% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.2% average weekly change). Reported Earnings • Nov 14
Second quarter 2026 earnings released: EPS: ₹9.37 (vs ₹8.30 in 2Q 2025) Second quarter 2026 results: EPS: ₹9.37 (up from ₹8.30 in 2Q 2025). Revenue: ₹858.9m (up 21% from 2Q 2025). Net income: ₹93.8m (up 13% from 2Q 2025). Profit margin: 11% (in line with 2Q 2025). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Aug 27
Dividend of ₹1.50 announced Dividend of ₹1.50 is the same as last year. Ex-date: 10th September 2025 Payment date: 17th October 2025 Dividend yield will be 0.2%, which is lower than the industry average of 0.6%. Sustainability & Growth Dividend is covered by earnings (6% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.3% per year over the past 7 years. However, payments have been volatile during that time. Earnings per share has grown by 59% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Aug 26
Macpower CNC Machines Limited, Annual General Meeting, Sep 17, 2025 Macpower CNC Machines Limited, Annual General Meeting, Sep 17, 2025, at 14:00 Indian Standard Time. Location: plot no.2234, nr.kranti gate, gidc metoda, tal lodhika, rajkot, gujarat- 360021, rajkot India Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: ₹4.55 (vs ₹4.02 in 1Q 2025) First quarter 2026 results: EPS: ₹4.55 (up from ₹4.02 in 1Q 2025). Revenue: ₹610.8m (up 22% from 1Q 2025). Net income: ₹45.6m (up 13% from 1Q 2025). Profit margin: 7.5% (down from 8.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Aug 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹9.08b (US$103.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (29% accrual ratio). Minor Risk Market cap is less than US$100m (₹9.08b market cap, or US$103.5m). Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹862, the stock trades at a trailing P/E ratio of 33.9x. Average trailing P/E is 34x in the Machinery industry in India. Total returns to shareholders of 290% over the past three years. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹938, the stock trades at a trailing P/E ratio of 36.4x. Average trailing P/E is 32x in the Machinery industry in India. Total returns to shareholders of 361% over the past three years. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹754, the stock trades at a trailing P/E ratio of 29.2x. Average trailing P/E is 30x in the Machinery industry in India. Total returns to shareholders of 238% over the past three years. New Risk • Feb 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹7.83b (US$90.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Market cap is less than US$100m (₹7.83b market cap, or US$90.2m). Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: ₹4.47 (vs ₹7.03 in 3Q 2024) Third quarter 2025 results: EPS: ₹4.47 (down from ₹7.03 in 3Q 2024). Revenue: ₹601.1m (down 9.1% from 3Q 2024). Net income: ₹44.7m (down 36% from 3Q 2024). Profit margin: 7.4% (down from 11% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to ₹978, the stock trades at a trailing P/E ratio of 34.5x. Average trailing P/E is 32x in the Machinery industry in India. Total returns to shareholders of 357% over the past three years. New Risk • Feb 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (38% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.7% average weekly change). Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹1,146, the stock trades at a trailing P/E ratio of 40.4x. Average trailing P/E is 35x in the Machinery industry in India. Total returns to shareholders of 385% over the past three years. Announcement • Jan 03
Macpower CNC Machines Limited Approves Chief Financial Officer Changes Macpower CNC Machines Limited at its board meeting held on December 31, 2024, approved retirement of Mr. Rajnikant Mohanlal Raja as a Chief Financial Officer of the Company. Mr. Rajnikant Mohanlal Raja has been associated with company since January 1, 2004 (over two decades) and he is retiring from the Company having attained the age of superannuation (68 Years). Consequently, Mr. Rajnikant Mohanlal Raja will cease to be Chief Financial Officer (KMP) of the Company with effect from January 1, 2025 that is ceased after closure of working hours on December 31, 2024. Mr. Rajnikant Mohanlal Raja will also cease to be Key Managerial Personnel under the provisions of Section 203 and other applicable provisions, if any, of the Companies Act, 2013 and Regulation 30(5) of the SEBI LODR Regulations for determining the materiality of any event or transaction for making the required disclosures to the Stock Exchange with effect from January 1, 2025. Based on the recommendation of the Nomination & Remuneration Committee and Audit Committee, the Board has approved the appointment of Mr. Vishal Bipinkumar Mehta as a Chief Financial Officer (CFO) of the Company, with effect from January 1, 2025, in place of Mr. Rajnikant Mohanlal Raja. Mr. Vishal Bipinkumar Mehta will be a Key Managerial Personnel under the provisions of Section 203 and other applicable provisions, if any, of the Companies Act, 2013 and Regulation 30(5) of the SEBI LODR Regulations for determining the materiality of any event or transaction for making the required disclosures to the Stock Exchange with effect from January 1, 2025. Brief profile: Mr. Vishal Bipinkumar Mehta having B.com degree and he has almost 22 years of wide experience and expertise in the field of Internal Audit, Taxation, admin, Account & Finance and also having knowledge of Tally ERP system. He has been associated with the Company for over two decades and he is also designated as an Internal auditor since July, 2023. Reported Earnings • Nov 13
Second quarter 2025 earnings released: EPS: ₹8.30 (vs ₹6.16 in 2Q 2024) Second quarter 2025 results: EPS: ₹8.30 (up from ₹6.16 in 2Q 2024). Revenue: ₹712.3m (up 13% from 2Q 2024). Net income: ₹83.0m (up 35% from 2Q 2024). Profit margin: 12% (up from 9.7% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 82% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 05
Macpower CNC Machines Limited, Annual General Meeting, Sep 27, 2024 Macpower CNC Machines Limited, Annual General Meeting, Sep 27, 2024, at 14:00 Indian Standard Time. Location: plot no.2234, nr.kranti gate, gidc metoda, tal lodhika, rajkot, gujarat- 360021, rajkot India Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: ₹4.02 (vs ₹2.03 in 1Q 2024) First quarter 2025 results: EPS: ₹4.02 (up from ₹2.03 in 1Q 2024). Revenue: ₹504.3m (up 25% from 1Q 2024). Net income: ₹40.2m (up 98% from 1Q 2024). Profit margin: 8.0% (up from 5.0% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 100% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jul 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹1,501, the stock trades at a trailing P/E ratio of 61.9x. Average trailing P/E is 41x in the Machinery industry in India. Total returns to shareholders of 915% over the past three years. Reported Earnings • May 28
Full year 2024 earnings released: EPS: ₹24.24 (vs ₹12.89 in FY 2023) Full year 2024 results: EPS: ₹24.24 (up from ₹12.89 in FY 2023). Revenue: ₹2.43b (up 20% from FY 2023). Net income: ₹242.5m (up 88% from FY 2023). Profit margin: 10.0% (up from 6.4% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 141% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹1,329, the stock trades at a trailing P/E ratio of 73x. Average trailing P/E is 39x in the Machinery industry in India. Total returns to shareholders of 1,518% over the past three years. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹1,014, the stock trades at a trailing P/E ratio of 55.7x. Average trailing P/E is 32x in the Machinery industry in India. Total returns to shareholders of 1,035% over the past three years. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹981, the stock trades at a trailing P/E ratio of 53.9x. Average trailing P/E is 36x in the Machinery industry in India. Total returns to shareholders of 938% over the past three years. Reported Earnings • Jan 30
Third quarter 2024 earnings released: EPS: ₹7.03 (vs ₹3.50 in 3Q 2023) Third quarter 2024 results: EPS: ₹7.03 (up from ₹3.50 in 3Q 2023). Revenue: ₹666.4m (up 26% from 3Q 2023). Net income: ₹70.3m (up 101% from 3Q 2023). Profit margin: 11% (up from 6.6% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 109% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹562, the stock trades at a trailing P/E ratio of 45.5x. Average trailing P/E is 32x in the Machinery industry in India. Total returns to shareholders of 777% over the past three years. New Risk • Oct 23
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.9% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (₹4.41b market cap, or US$53.1m). Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹360, the stock trades at a trailing P/E ratio of 29.1x. Average trailing P/E is 32x in the Machinery industry in India. Total returns to shareholders of 501% over the past three years. Recent Insider Transactions • Oct 05
Chairman & MD recently bought ₹1.5m worth of stock On the 26th of September, Rupesh Kumar Mehta bought around 5k shares on-market at roughly ₹290 per share. This transaction amounted to 3.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Rupesh Kumar has been a buyer over the last 12 months, purchasing a net total of ₹1.8m worth in shares. Upcoming Dividend • Sep 08
Upcoming dividend of ₹1.50 per share at 0.5% yield Eligible shareholders must have bought the stock before 15 September 2023. Payment date: 22 October 2023. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (0.7%). Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹261, the stock trades at a trailing P/E ratio of 21.1x. Average trailing P/E is 30x in the Machinery industry in India. Total returns to shareholders of 288% over the past three years. New Risk • Aug 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.7% average weekly change). Market cap is less than US$100m (₹2.44b market cap, or US$29.3m). Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: ₹2.03 (vs ₹2.54 in 1Q 2023) First quarter 2024 results: EPS: ₹2.03 (down from ₹2.54 in 1Q 2023). Revenue: ₹407.2m (down 1.0% from 1Q 2023). Net income: ₹20.3m (down 20% from 1Q 2023). Profit margin: 5.0% (down from 6.2% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹338, the stock trades at a trailing P/E ratio of 26.2x. Average trailing P/E is 27x in the Machinery industry in India. Total returns to shareholders of 396% over the past three years. Reported Earnings • May 30
Full year 2023 earnings released: EPS: ₹12.88 (vs ₹12.83 in FY 2022) Full year 2023 results: EPS: ₹12.88 (up from ₹12.83 in FY 2022). Revenue: ₹2.02b (up 6.1% from FY 2022). Net income: ₹128.9m (flat on FY 2022). Profit margin: 6.4% (down from 6.7% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has increased by 67% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: ₹3.50 (vs ₹3.48 in 3Q 2022) Third quarter 2023 results: EPS: ₹3.50 (up from ₹3.48 in 3Q 2022). Revenue: ₹530.3m (up 10% from 3Q 2022). Net income: ₹35.0m (flat on 3Q 2022). Profit margin: 6.6% (down from 7.3% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has increased by 75% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Maulik Mokariya was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹337, the stock trades at a trailing P/E ratio of 24.1x. Average trailing P/E is 27x in the Machinery industry in India. Total returns to shareholders of 289% over the past three years. Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment improved over the past week After last week's 16% share price gain to ₹338, the stock trades at a trailing P/E ratio of 24.1x. Average trailing P/E is 27x in the Machinery industry in India. Total returns to shareholders of 195% over the past three years. Upcoming Dividend • Sep 12
Upcoming dividend of ₹1.00 per share Eligible shareholders must have bought the stock before 19 September 2022. Payment date: 27 October 2022. Payout ratio is a comfortable 11% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.6%). In line with average of industry peers (0.6%). Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment improved over the past week After last week's 21% share price gain to ₹278, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 26x in the Machinery industry in India. Total returns to shareholders of 184% over the past three years. Announcement • Sep 03
Macpower CNC Machines Limited, Annual General Meeting, Sep 27, 2022 Macpower CNC Machines Limited, Annual General Meeting, Sep 27, 2022, at 14:00 Indian Standard Time. Location: Plot No.2234, Nr. Kranti Gate GIDC METODA, Tal Lodhika, Dist Rakjot Gujarat India Agenda: To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended on March 31, 2022, together with the Report of the Board of Directors and Auditor's thereon, to consider and if thought fit, to pass, with or without modification, the resolution as an Ordinary Resolution; to consider and confirm interim dividends paid during the financial year ended March 31, 2022 and to declare final dividend for the financial year ended March 31, 2022; to consider and appoint a Director in place of Mr. Nikesh Jagdish Mehta who retires by rotation and, being eligible, offers himself for re-appointment; to consider and ratify Remuneration of Cost Auditors for Financial Year 2022-23; to consider and reappoint Mr. Rupesh Jagdishbhai Mehta as a Managing director of the Company and to fix his remuneration; and to consider any other matters. Reported Earnings • Aug 07
First quarter 2023 earnings released: EPS: ₹2.54 (vs ₹1.37 in 1Q 2022) First quarter 2023 results: EPS: ₹2.54 (up from ₹1.37 in 1Q 2022). Revenue: ₹411.9m (up 20% from 1Q 2022). Net income: ₹25.5m (up 86% from 1Q 2022). Profit margin: 6.2% (up from 4.0% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Jun 27
Chairman & MD recently bought ₹435k worth of stock On the 24th of June, Rupesh Kumar Mehta bought around 2k shares on-market at roughly ₹195 per share. This was the largest purchase by an insider in the last 3 months. Rupesh Kumar has been a buyer over the last 12 months, purchasing a net total of ₹7.5m worth in shares. Reported Earnings • May 30
Full year 2022 earnings released: EPS: ₹12.83 (vs ₹6.03 in FY 2021) Full year 2022 results: EPS: ₹12.83 (up from ₹6.03 in FY 2021). Revenue: ₹1.91b (up 69% from FY 2021). Net income: ₹128.4m (up 113% from FY 2021). Profit margin: 6.7% (up from 5.3% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Maulik Mokariya was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Feb 24
Chairman & MD recently bought ₹449k worth of stock On the 22nd of February, Rupesh Kumar Mehta bought around 2k shares on-market at roughly ₹205 per share. In the last 3 months, they made an even bigger purchase worth ₹1.3m. Rupesh Kumar has been a buyer over the last 12 months, purchasing a net total of ₹10m worth in shares. Recent Insider Transactions • Feb 16
Chairman & MD recently bought ₹1.3m worth of stock On the 14th of February, Rupesh Kumar Mehta bought around 6k shares on-market at roughly ₹206 per share. This was the largest purchase by an insider in the last 3 months. Rupesh Kumar has been a buyer over the last 12 months, purchasing a net total of ₹13m worth in shares. Reported Earnings • Feb 13
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹3.48 (up from ₹2.34 in 3Q 2021). Revenue: ₹481.2m (up 14% from 3Q 2021). Net income: ₹34.8m (up 49% from 3Q 2021). Profit margin: 7.2% (up from 5.5% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Recent Insider Transactions • Dec 26
CEO & Whole-Time Director recently bought ₹87k worth of stock On the 24th of December, Nikesh Mehta bought around 463 shares on-market at roughly ₹188 per share. In the last 3 months, there was an even bigger purchase from another insider worth ₹416k. Nikesh has been a buyer over the last 12 months, purchasing a net total of ₹14m worth in shares. Recent Insider Transactions • Nov 27
Chairman & MD recently bought ₹416k worth of stock On the 26th of November, Rupesh Kumar Mehta bought around 2k shares on-market at roughly ₹199 per share. In the last 3 months, they made an even bigger purchase worth ₹443k. Rupesh Kumar has been a buyer over the last 12 months, purchasing a net total of ₹11m worth in shares. Reported Earnings • Oct 27
Second quarter 2022 earnings released: EPS ₹4.35 (vs ₹0.88 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹525.9m (up 145% from 2Q 2021). Net income: ₹43.5m (up 394% from 2Q 2021). Profit margin: 8.3% (up from 4.1% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 05
Investor sentiment improved over the past week After last week's 21% share price gain to ₹204, the stock trades at a trailing P/E ratio of 29.4x. Average trailing P/E is 24x in the Machinery industry in India. Total returns to shareholders of 76% over the past three years. Recent Insider Transactions • Oct 01
Chairman & MD recently bought ₹85k worth of stock On the 29th of September, Rupesh Kumar Mehta bought around 500 shares on-market at roughly ₹171 per share. In the last 3 months, they made an even bigger purchase worth ₹1.4m. Rupesh Kumar has been a buyer over the last 12 months, purchasing a net total of ₹10m worth in shares. Recent Insider Transactions • Sep 18
Chairman & MD recently bought ₹443k worth of stock On the 17th of September, Rupesh Kumar Mehta bought around 2k shares on-market at roughly ₹180 per share. In the last 3 months, they made an even bigger purchase worth ₹2.1m. Rupesh Kumar has been a buyer over the last 12 months, purchasing a net total of ₹10m worth in shares. Recent Insider Transactions • Aug 19
Chairman & MD recently bought ₹1.4m worth of stock On the 17th of August, Rupesh Kumar Mehta bought around 7k shares on-market at roughly ₹191 per share. In the last 3 months, they made an even bigger purchase worth ₹2.1m. Rupesh Kumar has been a buyer over the last 12 months, purchasing a net total of ₹10m worth in shares. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improved over the past week After last week's 16% share price gain to ₹187, the stock trades at a trailing P/E ratio of 31x. Average trailing P/E is 25x in the Machinery industry in India. Total loss to shareholders of 2.9% over the past three years. Recent Insider Transactions • Jul 02
Chairman & MD recently bought ₹2.1m worth of stock On the 30th of June, Rupesh Kumar Mehta bought around 13k shares on-market at roughly ₹155 per share. This was the largest purchase by an insider in the last 3 months. Rupesh Kumar has been a buyer over the last 12 months, purchasing a net total of ₹8.9m worth in shares. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improved over the past week After last week's 24% share price gain to ₹129, the stock trades at a trailing P/E ratio of 43x. Average trailing P/E is 24x in the Machinery industry in India. Total loss to shareholders of 44% over the past three years. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improved over the past week After last week's 19% share price gain to ₹105, the stock trades at a trailing P/E ratio of 34.8x. Average trailing P/E is 26x in the Machinery industry in India. Total loss to shareholders of 57% over the past three years. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment improved over the past week After last week's 15% share price gain to ₹94.65, the stock trades at a trailing P/E ratio of 31.5x. Average trailing P/E is 23x in the Machinery industry in India. Total loss to shareholders of 62% over the past three years. Recent Insider Transactions • Mar 30
Chairman & MD recently bought ₹178k worth of stock On the 23rd of March, Rupesh Kumar Mehta bought around 2k shares on-market at roughly ₹89.00 per share. In the last 3 months, there was an even bigger purchase from another insider worth ₹3.9m. Rupesh Kumar has been a buyer over the last 12 months, purchasing a net total of ₹6.9m worth in shares. Recent Insider Transactions • Mar 20
Non- Executive Woman Director recently bought ₹196k worth of stock On the 17th of March, Riyaben Rupesh Mehta bought around 2k shares on-market at roughly ₹89.25 per share. In the last 3 months, there was an even bigger purchase from another insider worth ₹3.9m. Insiders have collectively bought ₹19m more in shares than they have sold in the last 12 months. 
