Is the CNC - Machines sector outperforming NIFTY 500?
The 52-week sector comparison is unavailable. 2 of 3 covered companies currently have positive Mansfield relative strength versus NIFTY 500.
CNC - Machines: Jyoti CNC Automation Ltd owns the largest revenue base AND the fastest current growth.
The CNC - Machines companies below are the listed Indian CNC - Machines universe this page tracks — the same constituent set people search for as the Nifty CNC - Machines index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.
The line below covers 5.1 years. Over the most recent two of them this sector is 10% behind NIFTY 500. Earnings across its companies grew 3% on average over the last four reported quarters — close to flat. It has been ahead of NIFTY 500 on a rolling three-month view for 7 weeks running.
RS ↑7w · 2/3 >200d (+0) · 3/3 lead (+1) · EPS —
Participation is not spreading downward this month; the larger companies are still carrying most of it.
Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 3 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.
The 52-week comparison of CNC - Machines against NIFTY 500 is not available from the current market series. 2 of 3 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Lokesh Machines Ltd is the strongest against the sector itself at +12.3%. Readings are as of 2026-07-19.
Sector metric: 20.4 as of 2026-07-19 · CONSOLIDATION · falling.
The central tension: current leadership is concentrated, so durability matters more than rank.
Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.
The 52-week sector comparison is unavailable. 2 of 3 covered companies currently have positive Mansfield relative strength versus NIFTY 500. Jyoti CNC Automation Ltd leads with revenue of ₹2,093 crore, based on 2 of 3 comparable companies through Mar 2026. Jyoti CNC Automation Ltd has the fastest current revenue growth at 15.1%, across 2 of 3 comparable companies.
The 52-week sector comparison is unavailable. 2 of 3 covered companies currently have positive Mansfield relative strength versus NIFTY 500.
Jyoti CNC Automation Ltd leads with revenue of ₹2,093 crore, based on 2 of 3 comparable companies through Mar 2026.
Jyoti CNC Automation Ltd has the fastest current revenue growth at 15.1%, across 2 of 3 comparable companies.
Lokesh Machines Ltd ranks first at 55.4/100 with 77% evidence confidence. The score prioritizes research; it is not a buy recommendation.
Macpower CNC Machines Ltd has the lowest comparable gross debt at ₹1 crore. Jyoti CNC Automation Ltd has the highest at ₹853 crore.
Jyoti CNC Automation Ltd has the lowest comparable Guarded PEG at 3.1, among 1 of 3 companies that pass the metric’s comparability rules.
The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Mar 2026. Missing observations remain blank rather than being estimated.
The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.
An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.
55.4/100 · Mixed-positive evidence · 77% evidence
Exact sum: 18.9 + 9.1 + 10 + 17.4 = 55.4
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
Revenue -8.7% · PAT 100% · OPM change -1.2 pp
95% evidence
ROCE 6.4% · debt/equity 0.74×
95% evidence
P/E 191× · PEG —
0% evidence
RS sector 12.3% · RS bench 53.7% · 1Y 54.4%
100% evidence
37.4/100 · Mixed-negative evidence · 84% evidence
Exact sum: 9.4 + 20 + 5 + 3 = 37.4
Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
Revenue 15.1% · PAT 6.7% · OPM change -6 pp
100% evidence
ROCE 21.3% · debt/equity 0.43×
100% evidence
P/E 53.8× · PEG 3.1
50% evidence
RS sector -18.5% · RS bench -8.8% · 1Y -23.4%
70% evidence
58.9/100 · Thin evidence · provisional · 41% evidence
Exact sum: 17.5 + 18.6 + 10 + 12.8 = 58.9
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
Revenue — · PAT — · OPM change -52.8 pp
0% evidence
ROCE 26% · debt/equity 0.01×
84% evidence
P/E 40.5× · PEG —
0% evidence
RS sector -1.6% · RS bench 35.7% · 1Y 23.8%
100% evidence
Jyoti CNC Automation Ltd has the highest Revenue among the 3 CNC - Machines companies compared here, at ₹2,093 crore. Lokesh Machines Ltd is next at ₹209 crore. The same company also holds the highest Revenue growth, at 15.1%. 2 of 3 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Jyoti CNC Automation Ltd is the scale leader at ₹2,093 crore, 10× the revenue of Lokesh Machines Ltd. Jyoti CNC Automation Ltd's growth is 15.1% from a ₹2,093 crore base, with 14 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.
Investor read: Jyoti CNC Automation Ltd is the scale benchmark; Jyoti CNC Automation Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.
This conclusion weakens if: Jyoti CNC Automation Ltd's growth falls below Jyoti CNC Automation Ltd's for two consecutive comparable reports while operating margin also compresses.
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Revenue | Revenue growth | Reported |
|---|---|---|---|
| Macpower CNC Machines Ltd MACPOWER⚠ unverified | ₹6.9K Cr | — | Mar 2026 |
| Jyoti CNC Automation Ltd JYOTICNC | ₹599 Cr | 4.0% | Mar 2026 |
| Lokesh Machines Ltd LOKESHMACH⚠ unverified | ₹59 Cr | 53% | Mar 2026 |
Jyoti CNC Automation Ltd has the highest OPM among the 3 CNC - Machines companies compared here, at 25%. Lokesh Machines Ltd is next at 17.7%. Lokesh Machines Ltd has the highest Margin change at -1.2 percentage points, so level and change sit with different companies. 2 of 3 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Jyoti CNC Automation Ltd leads opm at 25%; Lokesh Machines Ltd leads margin change at -1.2 percentage points.
Investor read: Jyoti CNC Automation Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current margin change signal.
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | OPM | Margin change | Reported |
|---|---|---|---|
| Jyoti CNC Automation Ltd JYOTICNC | 25% | −6.0 pp | Mar 2026 |
| Lokesh Machines Ltd LOKESHMACH⚠ unverified | 18% | −1.2 pp | Mar 2026 |
| Macpower CNC Machines Ltd MACPOWER⚠ unverified | -44% | −52.8 pp | Mar 2026 |
Jyoti CNC Automation Ltd has the highest Net profit among the 3 CNC - Machines companies compared here, at ₹337 crore. Lokesh Machines Ltd is next at ₹4 crore. Lokesh Machines Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.
What the numbers say: Jyoti CNC Automation Ltd leads with ₹337 crore of TTM profit, 87.1× the profit of Lokesh Machines Ltd. Lokesh Machines Ltd shows ≥100% on the scoring scale (658.8% uncapped) growth from a ₹4 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.
Investor read: Jyoti CNC Automation Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Net profit | Profit growth | Reported |
|---|---|---|---|
| Jyoti CNC Automation Ltd JYOTICNC | ₹91 Cr | -17% | Mar 2026 |
| Lokesh Machines Ltd LOKESHMACH⚠ unverified | ₹2 Cr | 1,554% | Mar 2026 |
| Macpower CNC Machines Ltd MACPOWER⚠ unverified | ₹-1.2K Cr | — | Mar 2026 |
No company in this CNC - Machines comparison reports capital expenditure on a comparable basis, so there is nothing to rank here — 0 of 3 companies have a usable current reading. The section is shown rather than removed so an unavailable metric is not mistaken for one that was quietly left out. Filings were read through Mar 2026.
Macpower CNC Machines Ltd has the lowest Gross debt among the 3 CNC - Machines companies compared here, at ₹1 crore. Lokesh Machines Ltd is next at ₹169 crore. The same company also holds the lowest Net debt, at ₹6 crore net cash. 3 of 3 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Macpower CNC Machines Ltd has the clearest covered balance-sheet capacity with ₹6 crore net cash and gross debt of ₹1 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.
Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.
This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Gross debt | Net debt | Reported |
|---|---|---|---|
| Jyoti CNC Automation Ltd JYOTICNC | ₹853 Cr | ₹716 Cr | Mar 2026 |
| Lokesh Machines Ltd LOKESHMACH⚠ unverified | ₹169 Cr | ₹159 Cr | Mar 2026 |
| Macpower CNC Machines Ltd MACPOWER⚠ unverified | ₹1 Cr | ₹-6 Cr | Mar 2026 |
Macpower CNC Machines Ltd has the highest ROCE among the 3 CNC - Machines companies compared here, at 26%. Jyoti CNC Automation Ltd is next at 21.3%. The same company also holds the highest ROCE change, at +2 percentage points. 3 of 3 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Macpower CNC Machines Ltd leads ROCE at 26%, 4.7 percentage points above Jyoti CNC Automation Ltd. Macpower CNC Machines Ltd has the strongest latest improvement at +2 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.
Investor read: Macpower CNC Machines Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current roce change signal.
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | ROCE | ROCE change | Reported |
|---|---|---|---|
| Macpower CNC Machines Ltd MACPOWER⚠ unverified | 26% | +2.0 pp | Mar 2026 |
| Jyoti CNC Automation Ltd JYOTICNC | 20% | −5.5 pp | Mar 2026 |
| Lokesh Machines Ltd LOKESHMACH⚠ unverified | 7.1% | +1.9 pp | Mar 2026 |
Jyoti CNC Automation Ltd has the lowest Guarded PEG among the 3 CNC - Machines companies compared here, at 3.1×. Macpower CNC Machines Ltd has the lowest P/E at 40.5×, so level and change sit with different companies. 1 of 3 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Jyoti CNC Automation Ltd has the lowest comparable Guarded PEG at 3.1×. Only 1 of 3 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/e signal.
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Guarded PEG | P/E | Reported |
|---|---|---|---|
| Jyoti CNC Automation Ltd JYOTICNC | 3.1 | 48.3 | Mar 2026 |
| Macpower CNC Machines Ltd MACPOWER⚠ unverified | — | 23.4 | Mar 2026 |
| Lokesh Machines Ltd LOKESHMACH⚠ unverified | — | 220.4 | Mar 2026 |
Macpower CNC Machines Ltd has the lowest EV/EBITDA among the 3 CNC - Machines companies compared here, at 15×. Lokesh Machines Ltd is next at 15.5×. Lokesh Machines Ltd has the lowest P/BV at 2.97×, so level and change sit with different companies. 3 of 3 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Macpower CNC Machines Ltd leads ev/ebitda at 15×; Lokesh Machines Ltd leads p/bv at 2.97×.
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | EV/EBITDA | P/BV | Reported |
|---|---|---|---|
| Jyoti CNC Automation Ltd JYOTICNC | 29.8 | 9.3 | Mar 2026 |
| Lokesh Machines Ltd LOKESHMACH⚠ unverified | 15.5 | 1.8 | Mar 2026 |
| Macpower CNC Machines Ltd MACPOWER⚠ unverified | 15.0 | 4.5 | Mar 2026 |
Lokesh Machines Ltd has the strongest one-year price move in CNC - Machines at +54.4%. It also leads on Mansfield relative strength against NIFTY at +53.7%. 2 of 3 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-17.
Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.
This CNC - Machines comparison names 6 specific ways its own evidence can mislead, all listed below. All 3 companies here report on comparable dates, so no rank carries a stale marker. 2 draw at least one figure from a second feed with too little overlap to cross-check. A high growth rate can still be a low-base artefact.
All 3 companies in the canonical CNC - Machines membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.
AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.
| Company | Market value | Price | Priced to | Latest fundamentals | Source standing |
|---|---|---|---|---|---|
| Jyoti CNC Automation Ltd JYOTICNCAHEAD | ₹18.1K Cr | ₹795 | 2026-07-19 | Mar 2026 | Cross-checked |
| Macpower CNC Machines Ltd MACPOWERAHEAD20/26 WEEKS⚠ unverified | ₹1.3K Cr | ₹1,344 | 2026-07-19 | Mar 2026 | Includes unverified figures |
| Lokesh Machines Ltd LOKESHMACHAHEAD23/26 WEEKS⚠ unverified | ₹739 Cr | ₹339 | 2026-07-19 | Mar 2026 | Includes unverified figures |
This comparison is built from the reported filings of 3 CNC - Machines companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Mar 2026 and market data through 2026-07-24. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.
A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from. Every company's standing is listed in the register above.
These 17 answers restate the CNC - Machines comparison above in question form. Every one is computed from the same 3 companies and the same reported filings as the rankings and charts, current through Mar 2026. Price and relative-strength answers run through 2026-07-24. Nothing here is estimated, and none of it is a recommendation.
The Nifty CNC - Machines index tracks India's listed CNC - Machines companies as a single basket. This page follows the same 3 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the CNC - Machines sector rather than to its largest constituent. Figures are as of Mar 2026.
Ranked by this page's four-factor score, Lokesh Machines Ltd places first among 3 listed CNC - Machines companies, followed by Jyoti CNC Automation Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Mar 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.
This comparison covers 3 listed CNC - Machines companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Mar 2026.
Jyoti CNC Automation Ltd is the largest, with trailing-twelve-month revenue of ₹2,093 crore, ahead of Lokesh Machines Ltd at ₹209 crore. That covers 2 of 3 companies with comparable reporting through Mar 2026.
Jyoti CNC Automation Ltd has the fastest revenue growth at 15.1% year on year, across 2 of 3 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.
Jyoti CNC Automation Ltd has the highest operating margin at 25%, from 2 of 3 comparable companies. Lokesh Machines Ltd shows the biggest recent improvement, at -1.2 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.
Jyoti CNC Automation Ltd earns the most, at ₹337 crore of trailing-twelve-month net profit, from 2 of 3 comparable companies. Lokesh Machines Ltd has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.
Macpower CNC Machines Ltd leads on return on capital employed at 26%, across 3 of 3 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.
On guarded PEG — where a LOWER number is cheaper — Jyoti CNC Automation Ltd screens cheapest at 3.1×. Only 1 of 3 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.
Macpower CNC Machines Ltd carries the lowest comparable gross debt at ₹1 crore, from 3 of 3 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.
Lokesh Machines Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.
Lokesh Machines Ltd scores 55.4 out of 100 with 77% evidence confidence, from 18.9 points on growth and earnings, 9.1 on capital efficiency, 10 on valuation and 17.4 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.
It compares 3 listed companies over up to 20 reported quarters of fundamentals and 10 fiscal years of capital allocation, ending Mar 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.
The 3 CNC - Machines companies on this page carry ₹20,165 crore of combined market value. Jyoti CNC Automation Ltd is the largest at ₹18,081 crore, about 90% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.
2 of the 3 covered CNC - Machines companies are beating NIFTY 500 on Mansfield relative strength. A 52-week sector-versus-index comparison is not available from the current market series for this sector, so it is not quoted. Readings are as of 2026-07-29.
A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.
No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.