Macpower CNC Machines Ltd
MACPOWERMacpower CNC Machines Ltd's price has outrun its earnings. +105.1% in a year against EPS +33.1% — the market is paying now for delivery later.
The sharpest disagreement: profits are rising, but only 46% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch.
The price is in a confirmed uptrend (17 weeks in) while the P/E sits at the 86th percentile of its own 8-year range. Underneath, the last four quarters read improving — profit +110.1% year on year, and 46% of the last 3 years' profit arrived as cash. What settles it: whether the cash starts following the profit.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Macpower CNC Machines Ltd trades at ₹1,749, in a confirmed uptrend and 17 weeks into that stage. That is +54.7% against its own 200-day average. It sits at 100% of a 52-week range of ₹778 to ₹1,749. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 11 straight weeks.
Today the stock is in a confirmed uptrend — week 17 of stage 2, confirmed. At ₹1,749 it trades +54.7% versus its 200-day average and sits at 100% of its 52-week range (₹778–₹1,749).
Against the market, two honest reads. Cumulative: over the last 8.4 years the stock moved +1,062% while the NIFTY 500 moved +165% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 11 straight weeks — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Macpower CNC Machines Ltd trades at 45.0× P/E, at the pricey end of its own range (86th percentile). Its long-run median P/E is 24.0×, measured across 8.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 45.0× is at the pricey end of its own range (86th percentile), against a long-run median of 24.0× measured over 8.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
🚨 Why the multiple sits where it does: over the past year annual EPS moved +33.1% against a +105.1% price move — the price outran earnings, pushing the multiple UP its own range.
The price move, decomposed: over 5y, of the +53.8%/yr price move, ~+45.2%/yr came from earnings growth and ~+8.6 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.
A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources do not share enough overlapping reported history to be compared. A figure nobody could check is not used to price growth — the gap is a decision, not missing data.
Stage: Turning around Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Macpower CNC Machines Ltd reads as turning around on its fundamental arc. Turning around — profit growth swung from −2.8% at the trough to +110.1% off a 5-quarter-old trough (single-quarter readings), ROCE lifting at 29.0%. The read is built from 9 quarters across 3 curves, on partial evidence.
Why it matters: growth inflections are where re-ratings start — the curves say a turn is forming, so the question becomes whether the next quarters confirm it.
One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +27.1% | +18.1% | +24.1% | +17.9% |
| Profit | +36.0% | +37.8% | +41.5% | — |
| EPS | +33.1% | +38.0% | +41.2% | +15.3% |
| Share price | +105.1% | +92.3% | +53.8% | — |
4-Factor Sector Score
77.0/100 — rank 1 of 3 in CNC - Machines · 84% evidence confidence
Macpower CNC Machines Ltd scores 77.0 out of 100 against the 3 companies it is compared with in CNC - Machines, ranking 1. Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
The four contributions add to the total exactly: 31.3 + 18.1 + 7.6 + 20 = 77. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Macpower CNC Machines Ltd reported ₹95.2 Cr of revenue in the Jun 26 quarter, +56.1% year on year. That is the 6th straight quarter of year-on-year growth. Over 10 years it has compounded at 17.9% a year. The last full year, FY26, came in at ₹333 Cr. The last four reported quarters add to ₹367 Cr.
FY26 revenue came in at ₹333 Cr (+27.1% on the year), capping 10 years at 17.9% compound. The latest quarter (Jun 26) printed ₹95.2 Cr, +56.1% year on year — the 6th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +36.1% growth against the decade's 17.9% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +34.8% over the last 4 quarters against +21.0%/yr over the last 8 — accelerating; TTM profit +50.0% vs +22.2%/yr — accelerating.
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Macpower CNC Machines Ltd's operating margin is 16.2% in the Jun 26 quarter, +3.2 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 12 fiscal years the operating margin has ranged 2.4% to 16.0%. The current quarter is running above every full year in that window.
The latest quarter's operating margin is 16.2%, +3.2 pp against the same quarter a year ago. Across 12 fiscal years the operating margin has ranged 2.4%–16.0%, and FY26's 16.0% is the top of that band — a record year.
Why the margin moved: operating margin went +3.2 pp year on year while gross margin went +0.2 pp — the gain came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.
Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Macpower CNC Machines Ltd earned ₹9.6 Cr of net profit in the Jun 26 quarter, +110.1% year on year. It is the 5th consecutive quarter of growth. Full-year FY26 profit was ₹34.0 Cr. That is 10.1% of the quarter's revenue. The same quarter a year earlier earned ₹4.6 Cr.
Jun 26 profit was ₹9.6 Cr, +110.1% year on year — the 5th consecutive quarter of growth. On the full year, FY26 printed ₹34.0 Cr (+36.0%).
Why profit moved: revenue contributed +56.1% and the margin +3.2 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.
Pace comparison, last four quarters: profit +65.0% vs revenue +36.1%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 46% of Macpower CNC Machines Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹14.0 Cr of operating cash against ₹34.0 Cr of profit. After ₹9.0 Cr of capital spending, ₹5.0 Cr was left as free cash.
FY26: operating cash of ₹14.0 Cr against reported profit of ₹34.0 Cr, leaving free cash of ₹5.0 Cr after ₹9.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 46% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
🚨 Why conversion sits at 46%: the cash cycle stretched 93 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving. Less than 70% of profit arriving as cash is the thing to watch on this page.
Router verdict: conversion is below par and the cash cycle has stretched 93 days — the next section's job is to find where the cash is stuck.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Macpower CNC Machines Ltd's cash conversion cycle runs 182 days in FY26, up from 89 days in FY21. Capital spending ran ₹35.0 Cr over the last 3 years. At FY26 sales of ₹333 Cr each day of that cycle holds about ₹0.9 Cr, so roughly ₹166 Cr sits inside the business at any moment.
FY26: debtors at 51 days, inventory at 259 days — roughly 8.5 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 182 days, looser than FY21's 89.
The full loop: cash goes out to suppliers and production on day 0; stock waits 259 days to sell; customers pay about 51 days after that; and suppliers themselves are paid at 128 days — netting out to the 182-day cycle.
In money terms: at FY26 sales of ₹333 Cr, each day of the cycle holds about ₹0.9 Cr — so the 182-day loop keeps roughly ₹166 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹35.0 Cr over the last 3 fiscal years against ₹17.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹1.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the working-capital loop is the cash sink the router flagged — watch the cycle, not the P&L.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.⚠ unverified
Macpower CNC Machines Ltd earns a ROCE of 29% in FY26. That is up from a trough of 6% in FY20. Return on invested capital clears the cost of that capital by +11.6 percentage points, so growth here adds value rather than only size. The wiring behind it is 10.2% net margin on 1.26× asset turns.
FY26 ROCE is 29%, recovered from a FY20 trough of 6% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 10.2% net margin × 1.26× asset turns × 1.51× balance-sheet leverage ≈ 19.4% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.
The capstone test — ROIC − WACC: 23.6% − 12.0% = a +11.6 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. A spread this wide means every rupee reinvested creates more than a rupee of value — the engine compounds.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.⚠ unverified
Macpower CNC Machines Ltd carries total debt of ₹1.0 Cr against shareholder equity of ₹175 Cr as of Mar 26, a debt-to-equity of 0.01 — effectively unlevered. On the annual view that ratio went from 0.00 in FY22 to 0.01 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.
Mar 26: total debt of ₹1.0 Cr against shareholder equity of ₹175 Cr — a debt-to-equity of 0.01. On the annual view, debt-to-equity went from 0.00 (FY22) to 0.01 (FY26). The returns on this page are earned, not borrowed.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
No holder of Macpower CNC Machines Ltd moved a full percentage point over the last two years — the register is quiet. Foreign institutions moved −0.2 points over the same window, to 0.6%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Domestic institutions: +0.4 points over 8 quarters to 0.4%; Foreign institutions: −0.2 points over 8 quarters to 0.6%; Promoters: +0.0 points over 8 quarters to 73.2%.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Macpower CNC Machines Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Macpower CNC Machines Ltdthis pageMACPOWER | 77.0/100Favorable setup84% evidence | BREAKING OUT | 31.3/35 Revenue 34.8% · PAT 50% · OPM change 3.2 pp 95% evidence | 18.1/25 ROCE 29.1% · OPM 16.2% 95% evidence | 7.6/20 P/E 45× · PEG — 35% evidence | 20.0/20 RS sector 13.1% · RS bench 69% · 1Y 113.6%9 of 12 weeks ahead 100% evidence |
| Exact sum: 31.3 + 18.1 + 7.6 + 20 = 77 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. | ||||||
| 2Lokesh Machines LtdLOKESHMACH | 49.7/100Mixed-negative evidence77% evidence | LEADER | 20.1/35 Revenue 1% · PAT 100% · OPM change -0.6 pp 95% evidence | 7.0/25 ROCE 6.4% · OPM 17.3% 95% evidence | 10.0/20 P/E 171× · PEG — 0% evidence | 12.6/20 RS sector 3% · RS bench 52.7% · 1Y 64.9%12 of 12 weeks ahead 100% evidence |
| Exact sum: 20.1 + 7 + 10 + 12.6 = 49.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 3Jyoti CNC Automation LtdJYOTICNC | 35.7/100Mixed-negative evidence84% evidence | TURNING | 8.3/35 Revenue 17.4% · PAT -3.9% · OPM change -3 pp 100% evidence | 18.3/25 ROCE 21.3% · OPM 21% 100% evidence | 5.0/20 P/E 58.4× · PEG 3.1 50% evidence | 4.1/20 RS sector -18.5% · RS bench -2.8% · 1Y -13.4%3 of 10 weeks ahead 70% evidence |
| Exact sum: 8.3 + 18.3 + 5 + 4.1 = 35.7 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. 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 curve the sector itself 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 widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is Macpower CNC Machines Ltd's share price today?
Macpower CNC Machines Ltd trades at ₹1,749, +105.1% over the past year. The company is valued at ₹1,750 Cr. The stock sits at the very top of its 52-week range (₹778–₹1,749), +54.7% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 17 weeks in. — as of 14 August 2026.
What were Macpower CNC Machines Ltd's latest quarterly results?
Macpower CNC Machines Ltd reported revenue of ₹95.2 Cr and net profit of ₹9.6 Cr for the Jun 26 quarter. Revenue rose 56.1% and profit rose 110.1% year on year. Earnings per share were ₹9.58. The operating margin was 16.2%, 3.2 pp higher than a year earlier. — as of 14 August 2026.
What is Macpower CNC Machines Ltd's revenue?
Macpower CNC Machines Ltd reported revenue of ₹95.2 Cr in the Jun 26 quarter, +56.1% year on year. For the full FY26 fiscal year, revenue was ₹333 Cr (+27.1%). Over the last 10 years revenue compounded at 17.9% a year. — as of 14 August 2026.
What is Macpower CNC Machines Ltd's profit?
Macpower CNC Machines Ltd earned ₹9.6 Cr of net profit in the Jun 26 quarter, +110.1% year on year — the 5th straight quarter of growth. Full-year FY26 profit was ₹34.0 Cr. The operating margin ran 16.2% in the latest quarter. — as of 14 August 2026.
What is Macpower CNC Machines Ltd's market cap?
Macpower CNC Machines Ltd's market capitalisation is ₹1,750 Cr at a share price of ₹1,749. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 14 August 2026.
What is Macpower CNC Machines Ltd's P/E ratio?
Macpower CNC Machines Ltd trades at a P/E of 45.0×, at the 86th percentile of its own 8-year range, against a long-run median of 24.0×. This is a comparison with the stock's own history, not a value call — as of 14 August 2026.
Does Macpower CNC Machines Ltd pay a dividend?
Yes — Macpower CNC Machines Ltd's dividend payout was 4% of profit in FY26, and it recorded a payout in 7 of its last 12 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 14 August 2026.
Is Macpower CNC Machines Ltd overvalued?
On its own history, Macpower CNC Machines Ltd looks expensive: its P/E of 45.0× sits at the 86th percentile of its 8-year range (long-run median 24.0×). That is a percentile read against the stock's own past, not a price opinion or a direction call. One caveat: margins are the best this company has ever printed — cheap on record margins is not the same thing as cheap. — as of 14 August 2026.
Is Macpower CNC Machines Ltd growing?
Yes — Macpower CNC Machines Ltd is growing: latest-quarter revenue +56.1% year on year, profit +110.1%, and the margin +3.2 pp at 16.2%. The earnings engine currently reads: improving — as of 14 August 2026.
How is Macpower CNC Machines Ltd performing?
Macpower CNC Machines Ltd is in a confirmed uptrend, 17 weeks in. Its latest quarter's revenue rose 56.1% and profit rose 110.1% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 11 weeks. This describes what the data did, not a rating. — as of 14 August 2026.
What stage is Macpower CNC Machines Ltd in?
Turning around — profit growth swung from −2.8% at the trough to +110.1% off a 5-quarter-old trough (single-quarter readings), ROCE lifting at 29.0%. The read comes from the last 12 quarters of growth (revenue growth +56.1% latest, profit growth +110.1% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 14 August 2026.
Is Macpower CNC Machines Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 17 of stage 2), trading +54.7% versus its 200-day average and at the very top of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 14 August 2026.
Is Macpower CNC Machines Ltd beating the market?
On recent form, yes — Macpower CNC Machines Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 11 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 8.4 years the stock moved +1,062% against the NIFTY 500's +165% — ahead of the index over the full window. — as of 14 August 2026.
Will Macpower CNC Machines Ltd's share price go up?
This page publishes no price forecast for Macpower CNC Machines Ltd. What it measures instead: the share price is ₹1,749, the price is in a confirmed uptrend 17 weeks in. Its P/E of 45.0× sits at the 86th percentile of its own 8-year range. — as of 14 August 2026.
Who owns Macpower CNC Machines Ltd?
Promoters hold 73.2% of Macpower CNC Machines Ltd, foreign institutions 0.6%, domestic institutions 0.4% and the public 25.8% (latest quarter). No holder moved a full point over the last two years — the register is quiet. — as of 14 August 2026.
Does Macpower CNC Machines Ltd have too much debt?
No — Macpower CNC Machines Ltd's debt-to-equity is 0.01, and operating profit covers the interest bill 27×. FY26 borrowings were ₹1.0 Cr against equity of ₹175 Cr. The returns on this page are earned, not borrowed — as of 14 August 2026.
What is Macpower CNC Machines Ltd's capex?
Macpower CNC Machines Ltd spent ₹35.0 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹9.0 Cr, with ₹1.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 14 August 2026.
What is Macpower CNC Machines Ltd's cash flow?
Macpower CNC Machines Ltd generated ₹14.0 Cr of operating cash flow in FY26 and ₹5.0 Cr of free cash flow after ₹9.0 Cr of capital spending. Reported profit that year was ₹34.0 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 14 August 2026.
Is Macpower CNC Machines Ltd's profit real cash?
Not fully — over the last 3 fiscal years, 46% of Macpower CNC Machines Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹14.0 Cr against reported profit of ₹34.0 Cr. The cash then goes mostly into the working-capital cycle. Cash-flow resolution is annual — as of 14 August 2026.
Where is Macpower CNC Machines Ltd in its business cycle?
Macpower CNC Machines Ltd's FY26 operating margin was 16.0%, against a 12-year band of 2.4%–16.0%: the top of the band — a record year. Record profitability is late-cycle territory: every ratio flatters at the top, and the story leans on margins holding. The latest quarter ran 16.2%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 14 August 2026.
What could break the Macpower CNC Machines Ltd story?
The sharpest disagreement: profits are rising, but only 46% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 14 August 2026.
Is Macpower CNC Machines Ltd a stock worth studying right now?
This is not investment advice. The machine read: Macpower CNC Machines Ltd's price has outrun its earnings. +105.1% in a year against EPS +33.1% — the market is paying now for delivery later. The sharpest open question: whether the cash starts following the profit. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 14 August 2026.