507836
Mac Charles(I) financials
- Market cap
- ₹882 Cr
- Sector
- Consumer Services
What Mac Charles(I) does
Mac Charles (India) Limited generates renewable ('green') power and sells the units to Karnataka utilities GESCOM and HESCOM as well as to Vikas Telecom Pvt. Ltd., and separately earns rental income from its properties. Following an amendment to its Memorandum of Association, the company has diversified into real estate and property development, and is currently constructing a Grade-A commercial office building in Bengaluru's Central Business District on the site of its erstwhile Le Meridien hotel. It carries out real estate activities through four wholly owned subsidiaries and is itself a subsidiary of Embassy Property Developments Private Limited.
Segments
- Power generation
- Rental income
- Real estate & property development
- Green power generated
- 1,66,00,104 units (FY25)
- Power off-take counterparties
- GESCOM, HESCOM, Vikas Telecom Pvt. Ltd.
- Wholly owned subsidiaries
- 4 (real estate)
- Permanent employees
- 35
- Commercial development under construction
- Grade-A office building, Bengaluru CBD (erstwhile Le Meridien hotel site)
Quarterly results
Q1 FY27: revenue up 45.5%, net profit up 9.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3 | 3 | 2 | 22 | 24 +700% | 33 +1000% | 32 +1500% | 32 +45% |
| EBITDA | -6 | -7 | -9 | 13 | 17 +383% | 24 +443% | 24 +367% | 25 +92% |
| Net profit | -24 | -23 | -37 | -21 | -17 +29% | -63 −174% | -15 +59% | -19 +10% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −3.7% 1Y
1Y: ₹699.1 on 10 Sept 2025 → ₹673.5. High ₹740.8 (7 Apr 2026), low ₹551.3 (29 Jan 2026).
Financials, as filed
Revenue grew 116.1% a year over 3 years, FY23 to FY26. Operating margin widened to 70.3%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹11 Cr | ₹10 Cr | ₹10 Cr | ₹111 Cr |
| Operating profit | ₹-2 Cr | ₹-13 Cr | ₹-29 Cr | ₹78 Cr |
| Operating margin | -18.2% | -130.0% | -290.0% | 70.3% |
| Interest | ₹32 Cr | ₹73 Cr | ₹96 Cr | ₹132 Cr |
| Depreciation | ₹0 Cr | ₹1 Cr | ₹3 Cr | ₹20 Cr |
| Net profit | ₹47 Cr | ₹-66 Cr | ₹-107 Cr | ₹-116 Cr |
| Net margin | 427.3% | -660.0% | -1070.0% | -104.5% |
| Cash from operations | ₹-15 Cr | ₹-21 Cr | ₹-113 Cr | ₹-65 Cr |
| Free cash flow | ₹-132 Cr | ₹-137 Cr | ₹-343 Cr | ₹-195 Cr |
| ROCE | 1.0% | 0.0% | -1.0% | 5.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹13 Cr | ₹13 Cr | ₹13 Cr | ₹13 Cr | ₹13 Cr | ₹13 Cr |
| Reserves | ₹64 Cr | ₹173 Cr | ₹228 Cr | ₹162 Cr | ₹52 Cr | ₹-24 Cr |
| Borrowings | ₹120 Cr | ₹122 Cr | ₹532 Cr | ₹827 Cr | ₹1.1k Cr | ₹1.5k Cr |
| Other liabilities | ₹34 Cr | ₹117 Cr | ₹16 Cr | ₹18 Cr | ₹77 Cr | ₹84 Cr |
| Total liabilities | ₹231 Cr | ₹425 Cr | ₹789 Cr | ₹1.0k Cr | ₹1.2k Cr | ₹1.6k Cr |
| Fixed assets | ₹161 Cr | ₹100 Cr | ₹305 Cr | ₹527 Cr | ₹934 Cr | ₹1.0k Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹3 Cr | ₹7 Cr | ₹29 Cr | ₹20 Cr | ₹10 Cr | ₹47 Cr |
| Other assets | ₹67 Cr | ₹319 Cr | ₹454 Cr | ₹474 Cr | ₹252 Cr | ₹506 Cr |
| Total assets | ₹231 Cr | ₹425 Cr | ₹789 Cr | ₹1.0k Cr | ₹1.2k Cr | ₹1.6k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 3% to 7,399.
- Promoters
- 73.8%
- DIIs
- 0.0%
- Public
- 26.2%
Since Jun 2025
- Public −0.01 pp
- Promoters 0.00 pp
- DIIs 0.00 pp
How it drifted, 12 quarters
Over this window promoters fell from 75.0% to 73.8% — −1.2 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 75.0%, DIIs 0.0%, Public 25.0%.Dec '23: Promoters 75.0%, DIIs 0.0%, Public 25.0%.Mar '24: Promoters 75.0%, DIIs 0.0%, Public 25.0%.Jun '24: Promoters 75.0%, DIIs 0.0%, Public 25.0%.Sep '24: Promoters 75.0%, DIIs 0.0%, Public 25.0%.Dec '24: Promoters 73.8%, DIIs 0.0%, Public 26.2%.Mar '25: Promoters 73.8%, DIIs 0.0%, Public 26.2%.Jun '25: Promoters 73.8%, DIIs 0.0%, Public 26.2%.Sep '25: Promoters 73.8%, DIIs 0.0%, Public 26.2%.Dec '25: Promoters 73.8%, DIIs 0.0%, Public 26.2%.Mar '26: Promoters 73.8%, DIIs 0.0%, Public 26.2%.Jun '26: Promoters 73.8%, DIIs 0.0%, Public 26.2%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Mac Charles(I) above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Embassy Property Developments Private Limited | 73.41% | unchanged |
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs | 2.95% | unchanged |
| Jitendra Mohandas Virwani | 0.37% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Mac Charles(I)
Guides on how to read this kind of business and the numbers that matter.