Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹1,096, the stock trades at a trailing P/E ratio of 44.3x. Average trailing P/E is 20x in the Specialty Retail industry in India. Total returns to shareholders of 262% over the past three years. Reported Earnings • Apr 30
Full year 2026 earnings released: EPS: ₹24.75 (vs ₹17.40 in FY 2025) Full year 2026 results: EPS: ₹24.75 (up from ₹17.40 in FY 2025). Revenue: ₹3.12b (up 22% from FY 2025). Net income: ₹256.4m (up 43% from FY 2025). Profit margin: 8.2% (up from 7.0% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹1,020, the stock trades at a trailing P/E ratio of 51.1x. Average trailing P/E is 19x in the Specialty Retail industry in India. Total returns to shareholders of 341% over the past three years. Duyuru • Apr 22
Macfos Limited to Report Q4, 2026 Results on Apr 28, 2026 Macfos Limited announced that they will report Q4, 2026 results on Apr 28, 2026 New Risk • Mar 10
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 7.8% 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 Debt is not well covered by operating cash flow (5.7% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (7.8% average weekly change). Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹999, the stock trades at a trailing P/E ratio of 45.6x. Average trailing P/E is 20x in the Specialty Retail industry in India. Total returns to shareholders of 24% over the past year. Board Change • Feb 01
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 Director Ankit Rathi was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jan 29
Third quarter 2026 earnings released: EPS: ₹5.97 (vs ₹2.95 in 3Q 2025) Third quarter 2026 results: EPS: ₹5.97 (up from ₹2.95 in 3Q 2025). Revenue: ₹797.4m (up 74% from 3Q 2025). Net income: ₹56.2m (up 104% from 3Q 2025). Profit margin: 7.1% (up from 6.0% in 3Q 2025). The increase in margin was driven by higher revenue. Duyuru • Jan 22
Macfos Limited to Report Q3, 2026 Results on Jan 28, 2026 Macfos Limited announced that they will report Q3, 2026 results on Jan 28, 2026 New Risk • Oct 29
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 5.7% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (5.7% operating cash flow to total debt). Minor Risk Market cap is less than US$100m (₹7.02b market cap, or US$79.6m). Duyuru • Oct 22
Macfos Limited to Report Q2, 2026 Results on Oct 28, 2025 Macfos Limited announced that they will report Q2, 2026 results on Oct 28, 2025 Duyuru • Aug 08
Macfos Limited, Annual General Meeting, Aug 29, 2025 Macfos Limited, Annual General Meeting, Aug 29, 2025, at 15:00 Indian Standard Time. Reported Earnings • Jul 29
First quarter 2026 earnings released: EPS: ₹5.35 (vs ₹4.35 in 1Q 2025) First quarter 2026 results: EPS: ₹5.35 (up from ₹4.35 in 1Q 2025). Revenue: ₹598.6m (up 5.3% from 1Q 2025). Net income: ₹50.4m (up 26% from 1Q 2025). Profit margin: 8.4% (up from 7.0% in 1Q 2025). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Jul 24
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹844, the stock trades at a trailing P/E ratio of 41.6x. Average trailing P/E is 33x in the Specialty Retail industry in India. Total returns to shareholders of 3.9% over the past year. Duyuru • Jul 22
Macfos Limited to Report Q1, 2026 Results on Jul 28, 2025 Macfos Limited announced that they will report Q1, 2026 results on Jul 28, 2025 Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹883, the stock trades at a trailing P/E ratio of 44.5x. Average trailing P/E is 34x in the Specialty Retail industry in India. Total returns to shareholders of 49% over the past year. Duyuru • May 13
Macfos Limited to Report Fiscal Year 2025 Results on May 19, 2025 Macfos Limited announced that they will report fiscal year 2025 results on May 19, 2025 Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹822, the stock trades at a trailing P/E ratio of 41.4x. Average trailing P/E is 34x in the Specialty Retail industry in India. Total returns to shareholders of 76% over the past year. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to ₹919, the stock trades at a trailing P/E ratio of 46.3x. Average trailing P/E is 47x in the Specialty Retail industry in India. Total returns to shareholders of 127% over the past year. New Risk • Feb 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.55b (US$97.6m) 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (9.6% average weekly change). Minor Risk Market cap is less than US$100m (₹8.55b market cap, or US$97.6m). Reported Earnings • Feb 04
Third quarter 2025 earnings released: EPS: ₹2.95 (vs ₹2.83 in 3Q 2024) Third quarter 2025 results: EPS: ₹2.95 (up from ₹2.83 in 3Q 2024). Revenue: ₹458.0m (up 47% from 3Q 2024). Net income: ₹27.6m (up 10% from 3Q 2024). Profit margin: 6.0% (down from 8.0% in 3Q 2024). The decrease in margin was driven by higher expenses. New Risk • Jan 25
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 9.0% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (9.0% average weekly change). High level of non-cash earnings (80% accrual ratio). Duyuru • Jan 24
Macfos Limited to Report Q3, 2025 Results on Jan 31, 2025 Macfos Limited announced that they will report Q3, 2025 results on Jan 31, 2025 Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹1,455, the stock trades at a trailing P/E ratio of 74.4x. Average trailing P/E is 53x in the Specialty Retail industry in India. Total returns to shareholders of 191% over the past year. Valuation Update With 7 Day Price Move • Nov 26
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹1,172, the stock trades at a trailing P/E ratio of 59.9x. Average trailing P/E is 50x in the Specialty Retail industry in India. Total returns to shareholders of 137% over the past year. Reported Earnings • Nov 12
Second quarter 2025 earnings released: EPS: ₹6.74 (vs ₹2.17 in 2Q 2024) Second quarter 2025 results: EPS: ₹6.74 (up from ₹2.17 in 2Q 2024). Revenue: ₹903.0m (up 241% from 2Q 2024). Net income: ₹62.8m (up 228% from 2Q 2024). Profit margin: 7.0% (down from 7.2% in 2Q 2024). The decrease in margin was driven by higher expenses. Duyuru • Nov 05
Macfos Limited to Report Q2, 2025 Results on Nov 11, 2024 Macfos Limited announced that they will report Q2, 2025 results on Nov 11, 2024 Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹951, the stock trades at a trailing P/E ratio of 65x. Average trailing P/E is 49x in the Specialty Retail industry in India. Total returns to shareholders of 201% over the past year. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹846, the stock trades at a trailing P/E ratio of 57.9x. Average trailing P/E is 48x in the Specialty Retail industry in India. Total returns to shareholders of 136% over the past year. Duyuru • Aug 20
Macfos Limited, Annual General Meeting, Sep 07, 2024 Macfos Limited, Annual General Meeting, Sep 07, 2024, at 15:30 Indian Standard Time. Reported Earnings • Jul 30
First quarter 2025 earnings released: EPS: ₹4.35 (vs ₹2.17 in 1Q 2024) First quarter 2025 results: EPS: ₹4.35 (up from ₹2.17 in 1Q 2024). Revenue: ₹573.2m (up 116% from 1Q 2024). Net income: ₹40.1m (up 110% from 1Q 2024). Profit margin: 7.0% (down from 7.2% in 1Q 2024). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹812, the stock trades at a trailing P/E ratio of 66.3x. Average trailing P/E is 46x in the Specialty Retail industry in India. Total returns to shareholders of 168% over the past year. Duyuru • Jul 22
Macfos Limited to Report Q1, 2025 Results on Jul 29, 2024 Macfos Limited announced that they will report Q1, 2025 results on Jul 29, 2024 Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹706, the stock trades at a trailing P/E ratio of 57.6x. Average trailing P/E is 49x in the Specialty Retail industry in India. Total returns to shareholders of 170% over the past year. Reported Earnings • May 11
Full year 2024 earnings released: EPS: ₹12.25 (vs ₹8.39 in FY 2023) Full year 2024 results: EPS: ₹12.25 (up from ₹8.39 in FY 2023). Revenue: ₹1.26b (up 58% from FY 2023). Net income: ₹108.3m (up 46% from FY 2023). Profit margin: 8.6% (down from 9.2% in FY 2023). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • May 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹578, the stock trades at a trailing P/E ratio of 59.8x. Average trailing P/E is 52x in the Specialty Retail industry in India. Total returns to shareholders of 74% over the past year. Duyuru • May 05
Macfos Limited to Report Q4, 2024 Results on May 08, 2024 Macfos Limited announced that they will report Q4, 2024 results on May 08, 2024 Duyuru • Feb 29
Macfos Limited announced that it expects to receive INR 107.5003053 billion in funding from SageOne Investment Managers LLP Macfos Limited announced a private placement of 250,000,710 common shares at a price of INR 430 per share for gross proceeds of INR 107,500,305,300 on February 27, 2024. The securities will be issued on preferential basis. The transaction included participation from new investor Sageone - Flagship Growth 2 Fund, a fund managed by SageOne Investment Managers LLP. The transaction has been approved by the board of directors of the company. Reported Earnings • Jan 26
Third quarter 2024 earnings released: EPS: ₹2.83 (vs ₹2.52 in 3Q 2023) Third quarter 2024 results: EPS: ₹2.83 (up from ₹2.52 in 3Q 2023). Revenue: ₹312.5m (up 41% from 3Q 2023). Net income: ₹25.0m (up 12% from 3Q 2023). Profit margin: 8.0% (down from 10.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹518, the stock trades at a trailing P/E ratio of 55.3x. Average trailing P/E is 50x in the Specialty Retail industry in India. Duyuru • Jan 17
Macfos Limited to Report Q3, 2024 Results on Jan 24, 2024 Macfos Limited announced that they will report Q3, 2024 results on Jan 24, 2024 Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₹413, the stock trades at a trailing P/E ratio of 44.1x. Average trailing P/E is 45x in the Specialty Retail industry in India. Reported Earnings • Nov 05
First half 2024 earnings released: EPS: ₹4.33 (vs ₹5.04 in 1H 2023) First half 2024 results: EPS: ₹4.33 (down from ₹5.04 in 1H 2023). Revenue: ₹529.8m (up 19% from 1H 2023). Net income: ₹38.2m (down 14% from 1H 2023). Profit margin: 7.2% (down from 10.0% in 1H 2023). The decrease in margin was driven by higher expenses. Duyuru • Oct 21
Macfos Limited to Report Q1, 2024 Results on Oct 31, 2023 Macfos Limited announced that they will report Q1, 2024 results on Oct 31, 2023 New Risk • Oct 10
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 9.1% 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 Risks Share price has been highly volatile over the past 3 months (9.1% average weekly change). High level of non-cash earnings (39% accrual ratio). Minor Risk Market cap is less than US$100m (₹3.20b market cap, or US$38.4m). Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹362, the stock trades at a trailing P/E ratio of 43.2x. Average trailing P/E is 41x in the Specialty Retail industry in India. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹390, the stock trades at a trailing P/E ratio of 46.5x. Average trailing P/E is 41x in the Specialty Retail industry in India. Reported Earnings • Aug 19
Full year 2023 earnings released: EPS: ₹8.39 (vs ₹6.68 in FY 2022) Full year 2023 results: EPS: ₹8.39 (up from ₹6.68 in FY 2022). Revenue: ₹801.7m (up 44% from FY 2022). Net income: ₹74.1m (up 26% from FY 2022). Profit margin: 9.2% (down from 11% in FY 2022). The decrease in margin was driven by higher expenses. Duyuru • Aug 13
Macfos Limited, Annual General Meeting, Sep 04, 2023 Macfos Limited, Annual General Meeting, Sep 04, 2023, at 15:00 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Financial Statement of the Company as on 31st March 2023; to appoint Director in place of Mr. Binod Prasad who retires by rotation and being eleible offers himself for re-appointment as a Director of the Company; and to consider other matter. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹318, the stock trades at a trailing P/E ratio of 37.9x. Average trailing P/E is 38x in the Specialty Retail industry in India. Valuation Update With 7 Day Price Move • May 23
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹285, the stock trades at a trailing P/E ratio of 41.9x. Average trailing P/E is 33x in the Specialty Retail industry in India. Valuation Update With 7 Day Price Move • May 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹267, the stock trades at a trailing P/E ratio of 39.2x. Average trailing P/E is 31x in the Specialty Retail industry in India. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹220, the stock trades at a trailing P/E ratio of 32.3x. Average trailing P/E is 31x in the Specialty Retail industry in India. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹138, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 53x in the Online Retail industry in India. Board Change • Mar 01
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Ankit Rathi was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 