MCON

What MCON Rasayan India promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q4 FY26

what the last two calls moved 14 tracked 0 delivered 4 missed 10 open
  • FY26 Total Revenue missed said Q4 FY25 Promised: ₹70 crores Q4 FY26: Missed. Achieved FY26 revenue of ₹65.2 crores against the guided target of ₹70 crores.
  • EBITDA Margin >15% delayed said Q4 FY25 Promised: Anything above 15% is for sure (for FY26) Q4 FY26: FY26 margin was 11.7%, missing the original target. The delayed target for FY27 is now guided to be ~13% (11.7% + 1-1.5%), still below 15%. The 15% goal is now part of a longer-term 18% target by 2028.
  • Working Capital Normalization on track said Q4 FY25 Promised: Slowly you will see reduction in the inventory levels or the cost of inventory. Q4 FY26: Reported improvement in working capital days to ~164. Acknowledged continued pressure from expansion but are taking steps like bill discounting to manage it.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 14 tracked commitments for MCON Rasayan India — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens