Demerger Spin Off Value Unlock
Expected: Q4 FY26HIGH confidence
What: NCLT Order: Scheme of Arrangement
Mac Charles (India) Ltd: Why Is It Outperforming Nifty 500?
ActiveAverage6w Streak
In , Mac Charles (India) Ltd (Power - Generation/Distribution) is outperforming Nifty 500 with +8.9% relative strength. Fundamentals: Average. On a 6-week streak.
Mac Charles (India) Ltd Key Facts
- Market Cap
- ₹882 Cr
- PAT Growth YoY
- +60%
- Revenue Growth YoY
- +1500%
- OPM
- 76.0%
- RS vs Nifty 500
- +8.9%
Danger Bubble
What's Happening
⚠️PE rising despite falling earnings — price running ahead of reality
💪Debt reduced 30% YoY — balance sheet strengthening
👔Promoter stake down 1.2% this quarter
💰Trading 97% above estimated fair value — significant premium
Earnings Acceleration Triggers
1. Demerger Spin Off Value Unlock
Q4 FY26HIGH
2. Value Added Product Mix Shift
FY27MEDIUM
Key Risks
1. The Exchange sought clarification on April 8, 2026, regarding significant price
HIGH2. Ongoing legal challenges including a copyright infringement suit and historical
MEDIUMSector-Specific Signals
Interest Coverage RatioLowDecreased
Debt-to-Equity Ratio15.38Not Given
Wind Power Generation Units50
Operating Margin-115.07%-59.62%
Key Numbers
PAT Growth YoY
+60%
Stable
Revenue YoY
+1500%
Stable
Operating Margin
76.0%
+54700 bps YoY
Current Price
₹673
Fundamental Score
42/100
Average
3Y PAT CAGR
-50%
Market Cap
865 Cr
Valuation
Significantly Overvalued12-Week Performance
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
12 weeks agoThis week
Why Are Mac Charles (India) Ltd's Earnings Accelerating?
Based on Q3 FY26 (web) earnings • Updated Apr 18, 2026
Value Added Product Mix Shift
Expected: FY27MEDIUM confidence
What: Real Estate Redevelopment: A-Grade Commercial Office
What Are the Key Risks for Mac Charles (India) Ltd?
Earnings deceleration risks from management commentary
The Exchange sought clarification on April 8, 2026, regarding significant price
HIGHTrigger: The Exchange sought clarification on April 8, 2026, regarding significant price movement and potential non-disclosure.
Management view: Reply awaited as of April 13, 2026.
Monitor: regulatory
Ongoing legal challenges including a copyright infringement suit and historical
MEDIUMTrigger: Ongoing legal challenges including a copyright infringement suit and historical SEBI penalties for MPS norms.
Impact: PAT impact: ₹10 lakhs penalty (historical)
Management view: Company is contesting various matters in court.
Monitor: litigation
What Did Mac Charles (India) Ltd Report This Quarter?
Headline numbers from the latest earnings call
Revenue
₹32.73 Cr
YoY +1081.59%QoQ +37.81%
Revenue growth was driven by a strong operational turnaround and the expansion of the company's real estate and wind power segments.
EBITDA
₹-32.29 Cr
YoY -340.52%Margin -98.65%
Operating profit turned negative during the quarter despite high revenue, primarily due to a sharp increase in total expenses to ₹70.40 Cr.
PAT
₹-63.45 Cr
YoY -181.75%QoQ -283.15%
The net loss was exacerbated by interest expenses of ₹31.63 Cr, which exceeded the operating profit and highlighted the company's extreme leverage.
Other Highlights
• Debt-to-equity ratio reported at 15.38 times, indicating extremely high leverage.
• Interest expenses for the nine-month period ending December 2025 totaled ₹94.72 crores.
• Total expenses surged to ₹70.40 Cr in Q3 FY26 from ₹11.38 Cr in Q2 FY26.
What Sector Metrics Matter for Mac Charles (India) Ltd?
Sub-sector-specific signals from the latest concall — each with management's stated reason for the change
Interest Coverage Ratio
Low
YoY DecreasedQoQ Decreased
Why: Interest expenses of ₹31.63 Cr exceeded the operating profit, leading to a negative coverage ratio.
Debt-to-Equity Ratio
15.38
YoY Not GivenQoQ Not Given
Why: High leverage due to funding for real estate redevelopment projects.
Wind Power Generation Units
5
YoY 0QoQ 0
Why: Stable asset base in Bellary.
Operating Margin
-115.07%
YoY -59.62%QoQ Not Given
Why: Surge in total expenses to ₹70.40 Cr against revenue of ₹32.73 Cr.
How Fast Is Mac Charles (India) Ltd Growing?
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +1500% | +80% | Stable |
| PAT (Net Profit) | +60% | -50% | Stable |
| OPM | 76.0% | +54700 bps | Volatile |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 18, 2026.
Other Top Power - Generation/Distribution Stocks Beating Nifty 500
Frequently Asked Questions: Mac Charles (India) Ltd
Based on publicly available financial data. This is educational research, not investment advice.
What were Mac Charles (India) Ltd's latest quarterly results?
Mac Charles (India) Ltd's latest quarterly results (Mar 2026) show
- PAT Growth YoY: +59.5% (stable)
- Revenue Growth YoY: +1500.0%
- Operating Margin: 76.0% (volatile)
Is Mac Charles (India) Ltd's profit growing or declining?
Mac Charles (India) Ltd's profit is growing with an stable trend.
- PAT Growth YoY: +59.5% (latest quarter)
- PAT Growth QoQ: +76.2% (sequential)
- 3-Year PAT CAGR: -50.0%
- Trend: Stable — consistent growth pattern
What is Mac Charles (India) Ltd's revenue growth trend?
Mac Charles (India) Ltd's revenue growth trend is stable.
- Revenue Growth YoY: +1500.0%
- Revenue Growth QoQ: -3.0% (sequential)
- 3-Year Revenue CAGR: +80.0%
How is Mac Charles (India) Ltd's operating margin trending?
Mac Charles (India) Ltd's operating margin is volatile.
- Current OPM: 76.0%
- OPM Change YoY: +547.0% basis points
- OPM Change QoQ: +2.0% basis points
What is Mac Charles (India) Ltd's 3-year profit and revenue CAGR?
Mac Charles (India) Ltd's long-term compounding rates
- 3-Year Profit CAGR: -50.0%
- 3-Year Revenue CAGR: +80.0%
Is Mac Charles (India) Ltd's growth accelerating or decelerating?
Mac Charles (India) Ltd's earnings growth is stable with mixed signals on a sequential basis.
- YoY Acceleration: +139.5% bps
- Sequential Acceleration: +100.0% bps
What is Mac Charles (India) Ltd's trailing twelve month (TTM) performance?
Mac Charles (India) Ltd's trailing twelve month (TTM) performance
- TTM PAT: ₹-116 Cr
- TTM PAT Growth: -8.4% YoY
- TTM Revenue: ₹111 Cr
- TTM Revenue Growth: +100.0% YoY
- TTM Operating Margin: 71.8%
Is Mac Charles (India) Ltd overvalued or undervalued?
Mac Charles (India) Ltd appears significantly overvalued based on our fair value analysis.
- Valuation Signal: Significantly Overvalued
Is Mac Charles (India) Ltd a fundamentally strong company?
Mac Charles (India) Ltd is rated Average with a fundamental score of 42/100. This score is calculated from objective financial metrics
- Revenue Growth YoY: +1500.0% (10% weight)
- PAT Growth YoY: +59.5% (10% weight)
- PAT Growth QoQ: +76.2% (10% weight)
- Margins stable (10% weight)
Is Mac Charles (India) Ltd debt free?
Mac Charles (India) Ltd has a debt-to-equity ratio of N/A.
- Total Debt: ₹2,000 Cr
What is Mac Charles (India) Ltd's return on equity (ROE) and ROCE?
Mac Charles (India) Ltd's return ratios over recent years
- FY2024: ROCE 0.0%
- FY2025: ROCE -1.0%
- FY2026: ROCE 5.0%
Is Mac Charles (India) Ltd's cash flow positive?
Mac Charles (India) Ltd's operating cash flow is negative (FY2026).
- Cash from Operations (CFO): ₹-65 Cr
- Free Cash Flow (FCF): ₹-278 Cr
What is Mac Charles (India) Ltd's dividend yield?
Mac Charles (India) Ltd currently does not pay a significant dividend (yield 0.00%).
- Dividend Yield: 0.00%
- Current Price: ₹673
Who holds Mac Charles (India) Ltd shares — promoters, FII, DII?
Mac Charles (India) Ltd's shareholding pattern (Mar 2026)
- Promoters: 73.8%
- DII (Domestic): 0.0%
- Public: 26.2%
Is promoter holding increasing or decreasing in Mac Charles (India) Ltd?
Mac Charles (India) Ltd's promoter holding has remained stable recently.
- Current Promoter Holding: 73.8% (Mar 2026)
- Previous Quarter: 73.8% (Dec 2025)
- Change: 0.00% (stable)
How long has Mac Charles (India) Ltd been outperforming Nifty 500?
Mac Charles (India) Ltd has been outperforming Nifty 500 for 6 consecutive weeks, indicating building momentum.
Is Mac Charles (India) Ltd a new momentum entry or an established outperformer?
Mac Charles (India) Ltd is an established outperformer with 6 weeks of consecutive Nifty 500 outperformance.
What are the growth catalysts for Mac Charles (India) Ltd?
Mac Charles (India) Ltd has 2 key growth catalysts identified from recent earnings analysis
- Demerger Spin Off Value Unlock — The scheme of arrangement and NCLT-convened meeting suggest a significant corporate restructuring that could unlock value or address the debt burden.
- Value Added Product Mix Shift — Transition from hospitality to high-end commercial real estate (Project Zenith) represents a shift toward higher-value assets.
What are the key risks in Mac Charles (India) Ltd?
Mac Charles (India) Ltd has 2 key risks worth monitoring
- [HIGH] The Exchange sought clarification on April 8, 2026, regarding significant price — The Exchange sought clarification on April 8, 2026, regarding significant price movement and potential non-disclosure.
- [MEDIUM] Ongoing legal challenges including a copyright infringement suit and historical — Ongoing legal challenges including a copyright infringement suit and historical SEBI penalties for MPS norms.
What is Mac Charles (India) Ltd's management guidance for growth?
Mac Charles (India) Ltd's management has provided the following forward guidance
- Revenue outlook: Not Given
- Margin outlook: Not Given
- Capex plan: Not Given for Project Zenith redevelopment
What sector-specific metrics matter most for Mac Charles (India) Ltd?
Mac Charles (India) Ltd's most important sub-sector-specific KPIs from the latest concall
- Interest Coverage Ratio: Low (YoY Decreased) (QoQ Decreased) — Interest expenses of ₹31.63 Cr exceeded the operating profit, leading to a negative coverage ratio.
- Debt-to-Equity Ratio: 15.38 (YoY Not Given) (QoQ Not Given) — High leverage due to funding for real estate redevelopment projects.
- Wind Power Generation Units: 5 (YoY 0) (QoQ 0) — Stable asset base in Bellary.
- Operating Margin: -115.07% (YoY -59.62%) (QoQ Not Given) — Surge in total expenses to ₹70.40 Cr against revenue of ₹32.73 Cr.
Is Mac Charles (India) Ltd worth studying for long term investment?
Based on quantitative research signals, here is why Mac Charles (India) Ltd may be worth studying
- Earnings growing at +59.5% YoY
What is the investment thesis for Mac Charles (India) Ltd?
Mac Charles (India) Ltd investment thesis summary:
Research Signals (Bull Case)
- Revenue growing at +1500.0% YoY
- Growth catalyst: Demerger Spin Off Value Unlock
Risk Factors (Bear Case)
- Appears significantly overvalued
- Key risk: The Exchange sought clarification on April 8, 2026, regarding significant price
What is the future outlook for Mac Charles (India) Ltd?
Mac Charles (India) Ltd's forward outlook based on current data signals
- Earnings Trend: stable
- Revenue Trend: stable
- Margin Trend: volatile
- Valuation: Significantly Overvalued
- Key Catalyst: Demerger Spin Off Value Unlock
- Key Risk: The Exchange sought clarification on April 8, 2026, regarding significant price
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.