# Mac Charles (India) share price today (Mac Charles (India) Ltd, BSE: 507836)

> Mac Charles (India) share price today: ₹671.40 at the NSE close on 30 October 2026, down 4.1% in a year. Mac Charles (India) (BSE: 507836) trades at a P/E of 13.8 and has closed between ₹563.60 and ₹725.50 over the past 52 weeks. > Mac Charles (India) Ltd's balance sheet is under water: its net worth is negative, so it owes more than it owns. This is a high-risk situation: shareholders can be wiped out by new shares or a restructuring before the business recovers. 507836 · Power - Generation/Distribution · data as of 30 October 2026. Page: https://www.sectoralpha.in/stocks/mac-charles-indialtd

Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms

## Key numbers

- Price: ₹671.40 (−4.1% in a year)
- P/E: 13.8× (lower than 63% of the last 7.3 years)
- Revenue (Mar 2026): ₹32.0 Cr (+1,500.0% on a year ago)
- Profit (Mar 2026): −₹15.0 Cr
- Operating margin: 76.0% (+547.0 points on a year ago)
- ROCE: 5%, FY26
- ROIC: 5.2%, against a 12.0% cost of capital: −6.8 points
- Profit that came in as cash: −17%, last 3 years

The main question: profits are rising, but only −17% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. ## What is the Mac Charles (India) share price today? Mac Charles (India) Ltd's share price was ₹671.40 at the close on 30 October 2026. It has been rising for 9 weeks. That is 0.1% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹564 and ₹726, and at that close it sat 67% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 1 week in a row. Over the last 11 years the share price moved +98% while the NIFTY 500 moved +230%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What are Mac Charles (India)'s latest quarterly results? For January to March 2026 (the quarter ended 31 March 2026), Mac Charles (India) reported revenue of ₹32.0 crore, up 1,500.0% from ₹2.00 crore a year earlier, and a loss of ₹15.0 crore. ### Mac Charles (India) results: January to March 2026 against a year earlier

| Measure | January to March 2026 | January to March 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹32.0 crore | ₹2.00 crore | +1,500.0% |
| Profit | loss of ₹15.0 crore | loss of ₹37.0 crore | n/a |
| Earnings per share | ₹−11.71 | ₹−27.87 | n/a |
| Operating margin | 76.0% | −471.0% | +547.0 points |

The next results, for April to June 2026, were due by 14 August 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). This page shows them once our weekly data update has read them. (From the company's reported quarterly results (quarter ended 31 March 2026). Revenue and profit in ₹ crore.)

## What is the Mac Charles (India) share price history? Mac Charles (India) closed at ₹671.40 on 30 October 2026, down 4.1% from ₹700.00 a year earlier (31 October 2025) and up 46.9% over five years. Its highest weekly close since April 2016 was ₹880.00 on 18 February 2022. ### Mac Charles (India) share price: then and now

| When | Close | Change to 30 Oct 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹666.85 | +0.7% |
| 1 month ago · 1 Oct 2026 | ₹680.70 | −1.4% |
| 6 months ago · 30 Apr 2026 | ₹690.60 | −2.8% |
| 1 year ago · 31 Oct 2025 | ₹700.00 | −4.1% |
| 3 years ago · 27 Oct 2023 | ₹430.10 | +56.1% |
| 5 years ago · 29 Oct 2021 | ₹457.15 | +46.9% |
| 10 years ago · 30 Oct 2016 | ₹519.45 | +29.3% |
| Earliest weekly close in our records · 13 Apr 2016 | ₹338.50 | +98.3% |
| Highest weekly close since April 2016 · 18 Feb 2022 | ₹880.00 | −23.7% |
| Lowest weekly close since April 2016 · 19 Mar 2021 | ₹189.00 | +255.2% |
| 52-week high (weekly close) · 24 Jul 2026 | ₹725.50 | −7.5% |
| 52-week low (weekly close) · 6 Feb 2026 | ₹563.60 | +19.1% |

Weekly closing prices. Each change is the move from that price to the 30 Oct 2026 close. A day's intraday high or low can go beyond these weekly closes. (544 weekly closes from 13 April 2016 to 30 October 2026.)

## What is the latest news on Mac Charles (India)? 30 Oct 2026: Mac Charles (India) closed at ₹671.40, up 0.7% on the week and down 1.4% on the month. Results for January to March 2026: Revenue up 1,500.0% on a year earlier. ## What dividend does Mac Charles (India) pay? Not in its latest year. Mac Charles (India) Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 6 of its last 13 reported years, so there is a history but no current dividend (as of 30 October 2026). ## Which stock lists is Mac Charles (India) on? Mac Charles (India) is on one of our India lists: Power & green energy stocks. [Power & green energy stocks Group on the list: Power producers and distributors](https://www.sectoralpha.in/sectors/power-stocks-india)

## Is Mac Charles (India) profitable? Mac Charles (India) Ltd posted a net loss of ₹15.0 Cr in the Mar 2026 quarter. The full FY26 year was a loss of ₹116 Cr. That loss is 46.9% of the quarter's revenue. The same quarter a year earlier lost ₹37.0 Cr. 12 of the last 12 reported quarters were loss-making. ## How much revenue does Mac Charles (India) make, and is it growing? Mac Charles (India) Ltd reported ₹32.0 Cr of revenue in the Mar 2026 quarter, +1,500.0% on the same quarter a year earlier. That is the 4th quarter in a row with growth on the year before. Over 10 years it has grown 6.4% a year on average. The last full year, FY26, came in at ₹110 Cr. The last four reported quarters add to ₹111 Cr. FY26 revenue was ₹110 Cr, +1,000.0% on the year before. Recent pace: the last four quarters grew +1,050.0% on average, against 6.4% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +1,010.0%, against +233.2% a year over the last 8 quarters (accelerating). ## How much of every ₹100 of sales does Mac Charles (India) keep? Mac Charles (India) Ltd's operating margin was 76.0% in the Mar 2026 quarter, 547.0 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 13 years it has been between −290.0% and 72.0%. The latest quarter is above every full year in that period. Why the margin moved: operating margin changed +547.0 percentage points on the year while gross margin changed +0.0 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales. As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead. ## Is Mac Charles (India)'s profit turning into cash? Over the last 3 years Mac Charles (India) Ltd's operations used more cash than they brought in, so cash conversion was −17%, a gap worth watching. In FY26 its operations used ₹65.0 Cr of cash, against −₹116 Cr of profit. After ₹157 Cr of spending on assets, free cash was −₹222 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why −17% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle. When less than 70% of profit comes in as cash, it is the thing to watch on this page. What to look at next: the bigger use of cash is spending on new assets, at 29.9× depreciation over three years. The next section checks what that spending is building. ## Where does Mac Charles (India)'s cash go? Mac Charles (India) Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 7 days in FY26, down from 12 days in FY21. It spent ₹748 Cr on assets over the last 3 years. At FY26 sales of ₹110 Cr, each day of that cycle ties up about ₹0.3 Cr, so roughly ₹2.0 Cr is tied up in the business at any time. Spending on assets: ₹748 Cr over the last 3 years, against ₹25.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹0.0 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Mac Charles (India)'s P/E ratio, and how does it compare with its own history? Mac Charles (India) Ltd's P/E is 13.8×, in the middle of its own history: higher than 37% of past readings. Its usual P/E (the middle reading) is 16.0×, over 7.3 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks. Where the price move came from: over 5 years the price moved +8.0% a year; about +16.0% a year came from earnings growth and about −8.0 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Mac Charles (India) business getting better or worse? Mac Charles (India) Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 10 quarters of 1 measure, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. The return-on-capital line is not shown: net worth is negative, so a return on capital means nothing. The balance sheet is in distress, and this reading uses the growth lines alone. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does Mac Charles (India) earn on its capital? Mac Charles (India) Ltd earned a ROCE of 5% in FY26. That is up from a low of −1% in FY20. Its return on capital used (ROIC) is 6.8 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a −105.5% net margin and 0.07× asset turnover (sales divided by assets). Why the return is what it is (FY26): a −105.5% net margin × 0.07× asset turnover × −143.73× leverage (assets divided by equity) ≈ 1,061.4% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 5.2% − 12.0% = −6.8 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does Mac Charles (India) have too much debt? Mac Charles (India) Ltd's net worth is negative: it owes more than it owns, so a debt-to-equity ratio means nothing here. Its operating profit is 1 times its interest bill. Over 5 years borrowings went from ₹120 Cr to ₹1,508 Cr. Over the last 3 of those years it spent ₹748 Cr on assets. FY26: borrowings of ₹1,508 Cr against equity of −₹11.0 Cr. Net worth is negative: the company owes more than it owns, so the balance sheet is under water. Part of the spending on assets is being paid for with borrowed money. ## What is the Mac Charles (India) shareholding pattern? Promoters cut their stake in Mac Charles (India) Ltd by 1.2 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 73.8% of the company. Domestic institutions moved +0.0 points over the same period, to 0.0%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Why the owners changed: promoters drove it (−1.2 points). They reduced their stake. ## How far is Mac Charles (India) from balance-sheet trouble? For Mac Charles (India) Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Mac Charles (India) rank in its industry? 52.3 out of 100, rank 21 of 21 in Power - Generation/Distribution, with 32% of the evidence available. It is provisional, so it is ranked below companies with full evidence. Mac Charles (India) Ltd scores 52.3 out of 100 against the 21 companies it is compared with in Power - Generation/Distribution, ranking 21. Some evidence is missing, so the score is pulled toward the middle on purpose. The three scored parts add up to the total exactly: 28.6 + 11.2 + 12.5 = 52.3 (no relative-strength reading this week; its 20 points are shared across the other three). This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Mac Charles (India) compared with? Mac Charles (India) ranks 21 of 21 Power - Generation/Distribution companies on the 4-Factor Sector Score, with 52.3 out of 100. 1. [ACME Solar Holdings Ltd](https://www.sectoralpha.in/stocks/acme-solar-holdings-ltd) ACMESOLAR · leader · Most evidence points up · 83% evidence 65.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.5/35 · Revenue 53.7% · Profit 57.5% · Operating margin change -1 points · 100% evidence Capital efficiency 15.6/25 · ROCE 8.9% · Operating margin 85% · 100% evidence Valuation 9.3/20 · P/E 38.1× · PEG n/a · 15% evidence Relative strength 20.0/20 · Lead over its industry 48.7% · Lead over NIFTY 500 37.1% · 1 year 43.6% · 100% evidence · 12 of 12 weeks ahead Exact sum: 20.5 + 15.6 + 9.3 + 20 = 65.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Adani Power Ltd](https://www.sectoralpha.in/stocks/adani-power-ltd) ADANIPOWER · quiet · Most evidence points up · 100% evidence 65.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.1/35 · Revenue 17.2% · Profit 58.7% · Operating margin change 4 points · 100% evidence Capital efficiency 17.9/25 · ROCE 17.2% · Operating margin 42% · 100% evidence Valuation 7.9/20 · P/E 20× · PEG 1.83 · 100% evidence Relative strength 13.4/20 · Lead over its industry 17.8% · Lead over NIFTY 500 8% · 1 year 19.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 26.1 + 17.9 + 7.9 + 13.4 = 65.3 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [Gujarat Industries Power Co Ltd](https://www.sectoralpha.in/stocks/gujarat-industries-power-co-ltd) GIPCL · breaking out · Evidence leans up · 81% evidence 59.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.6/35 · Revenue 23.7% · Profit 100% · Operating margin change 18 points · 88% evidence Capital efficiency 8.1/25 · ROCE 5.5% · Operating margin 48% · 100% evidence Valuation 11.2/20 · P/E 4.9× · PEG 2.55 · 100% evidence Relative strength 12.0/20 · Lead over its industry n/a · Lead over NIFTY 500 6% · 1 year -12.5% · 25% evidence · 12 of 12 weeks ahead Exact sum: 28.6 + 8.1 + 11.2 + 12 = 59.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [JSW Energy Ltd](https://www.sectoralpha.in/stocks/jsw-energy-ltd) JSWENERGY · quiet · Evidence leans up · 82% evidence 58.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.1/35 · Revenue 26.4% · Profit 24.4% · Operating margin change -1 points · 95% evidence Capital efficiency 13.6/25 · ROCE 8.2% · Operating margin 57% · 76% evidence Valuation 7.8/20 · P/E 38.9× · PEG n/a · 50% evidence Relative strength 14.3/20 · Lead over its industry 10.5% · Lead over NIFTY 500 1.6% · 1 year -5.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 23.1 + 13.6 + 7.8 + 14.3 = 58.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Adani Green Energy Ltd](https://www.sectoralpha.in/stocks/adani-green-energy-ltd) ADANIGREEN · turning · Evidence leans up · 75% evidence 55.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.4/35 · Revenue 21.2% · Profit -3.3% · Operating margin change 2 points · 95% evidence Capital efficiency 14.1/25 · ROCE 7.4% · Operating margin 89% · 76% evidence Valuation 8.7/20 · P/E 109× · PEG n/a · 15% evidence Relative strength 15.9/20 · Lead over its industry 25.5% · Lead over NIFTY 500 15.2% · 1 year 13.9% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.4 + 14.1 + 8.7 + 15.9 = 55.1 · What this means: Relative strength against the index is 15.2%, and revenue and profit growth are weak. 6. [NTPC Ltd](https://www.sectoralpha.in/stocks/ntpc-ltd) NTPC · quiet · Evidence leans up · 82% evidence 55.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.7/35 · Revenue 7.4% · Profit 24.8% · Operating margin change 0 points · 95% evidence Capital efficiency 14.1/25 · ROCE 8.9% · Operating margin 29% · 76% evidence Valuation 11.8/20 · P/E 10.3× · PEG n/a · 50% evidence Relative strength 12.4/20 · Lead over its industry 2.7% · Lead over NIFTY 500 -5.5% · 1 year -6.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.7 + 14.1 + 11.8 + 12.4 = 55 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [SJVN Ltd](https://www.sectoralpha.in/stocks/sjvn-ltd) SJVN · quiet · Evidence leans up · 93% evidence 54.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.0/35 · Revenue 99% · Profit 77.6% · Operating margin change -12 points · 100% evidence Capital efficiency 11.5/25 · ROCE 5.7% · Operating margin 71% · 100% evidence Valuation 14.8/20 · P/E 21.2× · PEG 0.29 · 65% evidence Relative strength 3.3/20 · Lead over its industry -14% · Lead over NIFTY 500 -20.9% · 1 year -39.4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 25 + 11.5 + 14.8 + 3.3 = 54.6 · What this means: Earnings are strong; relative strength in its sector is -14% and the one-year return is -39.4%. 8. [NTPC Green Energy Ltd](https://www.sectoralpha.in/stocks/ntpc-green-energy-ltd) NTPCGREEN · quiet · Evidence leans up · 83% evidence 52.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.7/35 · Revenue 49.3% · Profit 8.6% · Operating margin change 2 points · 100% evidence Capital efficiency 11.8/25 · ROCE 3.6% · Operating margin 88% · 100% evidence Valuation 8.8/20 · P/E 106× · PEG n/a · 15% evidence Relative strength 11.0/20 · Lead over its industry -0.7% · Lead over NIFTY 500 -8.7% · 1 year -20.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 20.7 + 11.8 + 8.8 + 11 = 52.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [NHPC Ltd](https://www.sectoralpha.in/stocks/nhpc-ltd) NHPC · turning · Evidence leans up · 96% evidence 51.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.8/35 · Revenue 12% · Profit 24% · Operating margin change 6 points · 88% evidence Capital efficiency 9.1/25 · ROCE 5.8% · Operating margin 62% · 100% evidence Valuation 4.3/20 · P/E 20.6× · PEG 3.32 · 100% evidence Relative strength 17.7/20 · Lead over its industry 14.3% · Lead over NIFTY 500 5.4% · 1 year -8.4% · 100% evidence · 1 of 12 weeks ahead Exact sum: 20.8 + 9.1 + 4.3 + 17.7 = 51.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [KPI Green Energy Ltd](https://www.sectoralpha.in/stocks/kpi-green-energy-ltd) KPIGREEN · quiet · Evidence leans up · 78% evidence 51.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.9/35 · Revenue 40% · Profit 33.2% · Operating margin change 1 points · 83% evidence Capital efficiency 17.1/25 · ROCE 13.7% · Operating margin 35% · 76% evidence Valuation 13.4/20 · P/E 12× · PEG n/a · 50% evidence Relative strength 1.1/20 · Lead over its industry -19.1% · Lead over NIFTY 500 -25.7% · 1 year -48.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 19.9 + 17.1 + 13.4 + 1.1 = 51.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Jaiprakash Power Ventures Ltd](https://www.sectoralpha.in/stocks/jaiprakash-power-ventures-ltd) JPPOWER · quiet · Evidence leans down · 78% evidence 48.6 out of 100 Growth Capital Valuation Relative
12. [RattanIndia Power Ltd](https://www.sectoralpha.in/stocks/rattanindia-power-ltd) RTNPOWER · basing · Evidence leans down · 66% evidence 44.9 out of 100 Growth Capital Valuation Relative
13. [CESC Ltd](https://www.sectoralpha.in/stocks/cesc-ltd) CESC · quiet · Evidence leans down · 78% evidence 44.7 out of 100 Growth Capital Valuation Relative
14. [Orient Green Power Company Ltd](https://www.sectoralpha.in/stocks/orient-green-power-company-ltd) GREENPOWER · basing · Evidence leans down · 71% evidence 44.5 out of 100 Growth Capital Valuation Relative
15. [Tata Power Company Ltd](https://www.sectoralpha.in/stocks/tata-power-company-ltd) TATAPOWER · quiet · Evidence leans down · 96% evidence 43.9 out of 100 Growth Capital Valuation Relative
16. [NLC India Ltd](https://www.sectoralpha.in/stocks/nlc-india-ltd) NLCINDIA · quiet · Evidence leans down · 78% evidence 42.2 out of 100 Growth Capital Valuation Relative
17. [Torrent Power Ltd](https://www.sectoralpha.in/stocks/torrent-power-ltd) TORNTPOWER · quiet · Evidence leans down · 78% evidence 39.8 out of 100 Growth Capital Valuation Relative
18. [India Power Corporation Ltd](https://www.sectoralpha.in/stocks/india-power-corporation-ltd) DPSCLTD · quiet · Evidence leans down · 81% evidence 38.4 out of 100 Growth Capital Valuation Relative
19. [Reliance Power Ltd](https://www.sectoralpha.in/stocks/reliance-power-ltd) RPOWER · basing · Most evidence points down · 64% evidence 28.8 out of 100 Growth Capital Valuation Relative
20. [BF Utilities Ltd](https://www.sectoralpha.in/stocks/bf-utilities-ltd) BFUTILITIE · quiet · Too little evidence to rank firmly · 53% evidence 27.2 out of 100 Growth Capital Valuation Relative
21. Mac Charles (India) Ltd this page Too little evidence to rank firmly · 32% evidence 52.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.6/43.75 · Revenue 100% · Profit -8.4% · Operating margin change 547 points · 40% evidence Capital efficiency 11.2/31.25 · ROCE 5.4% · Operating margin 76% · 71% evidence Valuation 12.5/25 · P/E n/a · PEG n/a · 0% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 28.6 + 11.2 + 12.5 = 52.3 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Power - Generation/Distribution](https://www.sectoralpha.in/sectors/power-generation-distribution), all 21 compared on one page. ## Which companies are close to Mac Charles (India) in size? Mac Charles (India) is the 20th largest of 21 Power - Generation/Distribution companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: KPI Green Energy, RattanIndia Power, Gujarat Industries Power Co, BF Utilities and Orient Green Power Company. Just below it: India Power Corporation. ### Power - Generation/Distribution companies close in size

1. [KPI Green Energy Ltd](https://www.sectoralpha.in/stocks/kpi-green-energy-ltd) ₹5,481 crore
2. [RattanIndia Power Ltd](https://www.sectoralpha.in/stocks/rattanindia-power-ltd) ₹3,415 crore
3. [Gujarat Industries Power Co Ltd](https://www.sectoralpha.in/stocks/gujarat-industries-power-co-ltd) ₹2,483 crore
4. [BF Utilities Ltd](https://www.sectoralpha.in/stocks/bf-utilities-ltd) ₹1,612 crore
5. [Orient Green Power Company Ltd](https://www.sectoralpha.in/stocks/orient-green-power-company-ltd) ₹1,053 crore
6. Mac Charles (India) Ltd ₹938 crore
7. [India Power Corporation Ltd](https://www.sectoralpha.in/stocks/india-power-corporation-ltd) ₹612 crore

[All 21 Power - Generation/Distribution companies, largest first](https://www.sectoralpha.in/sectors/power-generation-distribution#all-companies)

### Companies close in size in other industries

1. [Swaraj Suiting Ltd](https://www.sectoralpha.in/stocks/swaraj-suiting-ltd) ₹940 crore · Textiles - Spinning
2. [BirlaNu Ltd](https://www.sectoralpha.in/stocks/birlanu-ltd) ₹938 crore · Cement Products
3. Mac Charles (India) Ltd ₹938 crore
4. [Dhunseri Ventures Ltd](https://www.sectoralpha.in/stocks/dhunseri-ventures-ltd) ₹937 crore · Trading
5. [Arihant Capital Markets Ltd](https://www.sectoralpha.in/stocks/arihant-capital-markets-ltd) ₹935 crore · Finance - Capital Markets - Brokers

## What else do people ask about Mac Charles (India)? ### What were Mac Charles (India)'s latest quarterly results? Mac Charles (India) Ltd reported revenue of ₹32.0 Cr and a net loss of ₹15.0 Cr for the Mar 2026 quarter. Earnings per share were −₹11.71. The operating margin was 76.0%, 547.0 percentage points higher than a year earlier (as of 30 October 2026). ### What is Mac Charles (India)'s market cap? Mac Charles (India) Ltd's market capitalisation is ₹938 Cr at a share price of ₹671.40. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 30 October 2026). ### How is Mac Charles (India) performing? Mac Charles (India) Ltd's share price has been rising for 9 weeks. Over the past 13 weeks it has done better than the NIFTY 500, for 1 week running. This describes what the data did, not a rating (as of 30 October 2026). ### Will Mac Charles (India)'s share price go up? This page does not forecast Mac Charles (India) Ltd's share price. What it shows instead: the share price is ₹671.40, and it has been rising for 9 weeks. Its P/E of 13.8× is higher than 37% of its own last 7 years (as of 30 October 2026). ### Who owns Mac Charles (India)? Promoters own 73.8% of Mac Charles (India) Ltd, foreign institutions , domestic institutions 0.0% and the public 26.2% (latest quarter). The biggest change over the last two years: Promoters cut their stake by 1.2 percentage points over 8 quarters (as of 30 October 2026). ### Where is Mac Charles (India) in its business cycle? Mac Charles (India) Ltd's FY26 operating margin was 72.0%, against a 13-year range of −290.0% to 72.0%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 76.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 30 October 2026). ### What could break the Mac Charles (India) story? The main question: profits are rising, but only −17% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 30 October 2026). ### Is Mac Charles (India) a stock worth studying right now? What the numbers show: Mac Charles (India) Ltd's balance sheet is under water: its net worth is negative, so it owes more than it owns. This is a high-risk situation: shareholders can be wiped out by new shares or a restructuring before the business recovers. The main open question: whether the business can earn its way back to positive net worth before new shares or a restructuring get there first. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 30 October 2026). ## Lists

- Power & green energy stocks: https://www.sectoralpha.in/sectors/power-stocks-india

This is research, not advice. We’re not SEBI-registered.