Dark Horse Stock of the Day: CNC Machines Manufacturer for DRDO, ISRO, and Railways Hits Upper Circuit – FIIs Increase Stake in Q1 FY25!
The company’s shares have delivered a multibagger return of over 1,350 per cent to its shareholders in just 3 years.
Macpower CNC Machines Ltd produces Computerized Numerically Controlled (CNC) and Lathe Machines. The company offers an extensive range of 27 product segments, including Turning Centers, Twin Spindle Turning Centers, VMCs, Twin Spindle VMCs, Turn Mill Centers, and more, with over 315 variants and models. To date, they have completed more than 9,945 installations.
Key clients include:
- Defence: DRDO, Indian Ordnance Factory, etc.
- Public Sector Units (PSUs): ISRO, Railways, Government Tool Rooms.
- Agricultural Sector: Mitter Fasteners, Rinox Engineering, etc.
- Die Mould Sector: Plasma Alloys, Axis Tools, Sigmarq.
- Capital Goods: Graphite India, Supreme, KoneCranes, Cease Fire.
At the start of the day's trading session, the shares of Macpower CNC Machines Ltd opened at Rs 1495.85 per share, compared to the previous day's closing figure of Rs 1390.35 per share on the NSE. Currently, the shares are at Rs 1459.85 per share. The stock has rallied 5 per cent today and hit the upper circuit, reflecting strong demand in the market. The company's current market capitalization stands at Rs 1460.46 crore. Additionally, shares have delivered a multibagger return of over 390 per cent in just 1 year.
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As per the Quarterly Results, in the Q1 FY25, Macpower CNC Machines Ltd recorded a revenue of Rs 50.22 crore compared to Rs 40.46 crore. The operating profit stood at Rs 6.57 crore. The net profit stood at Rs 4.02 crore compared to a profit of Rs 2.03 crore. Looking at the annual performance, the company generated a revenue of Rs 241 crore in FY24. The operating profit for FY24 was Rs 35 crore with a net profit of Rs 24 crore compared to a net profit of Rs 13 crore in FY23.
According to the company's shareholding pattern, the promoters hold a significant 73.17 per cent stake. Public investors own 26.01 per cent of the shares, while Foreign Institutional Investors (FIIs) hold 0.81 per cent which was earlier 0.66 per cent.
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Disclaimer: The article is for informational purposes only and not investment advice.