543787

Macfos share price & financials

Price
₹1,132.85
Market cap
₹1.1k Cr
Sector
Consumer Services
Calls analysed
3
Latest concall · Q4 FY26 · call held 30 Apr 2026

Macfos Q4 FY26

Revenue ₹312 cr +67%EBITDA ₹39 cr +103%PAT ₹25.65 cr +105%Gross Margin 24%

What went well

  • Revenue for FY26 reached roughly INR312 crores, demonstrating strong top-line performance.
  • EBITDA for FY26 stood at INR39 crores, reflecting healthy operational efficiency.
  • Profit after tax for FY26 was INR25.65 crores, indicating solid profitability.

What to watch

  • Management noted a data mismatch in the presentation regarding total unique visitors due to a change in methodology, which could cause confusion.
  • Inventory levels increased due to the addition of component categories for Robu 2.0, though management views this as a calculated move for higher margins.
Read the full call →

What Macfos does

Macfos Limited operates Robu.in, a specialised e-commerce platform selling electronic, robotic, drone, IoT, 3D-printing and DIY components sourced through a wide vendor network across India and abroad. It earns primarily by distributing third-party electronic parts (Robu 1.0) to manufacturers, corporates, educational institutions, researchers and developers, and increasingly by designing and selling its own proprietary electronics and drone products, including customised development projects for government and defense customers (Robu 2.0).

Segments

  • Robu 1.0 - Electronics Distribution
  • Robu 2.0 - Proprietary Products
SKUs listed on platform
1,00,000+
Brands stocked
150+
Vendor tie-ups (India & abroad)
210+
Dedicated warehouse space
50,000+ sq ft
Staff strength (own + contract)
280+
Distribution channels
Website (robu.in), Android app (since 2017), iOS app (since Jan 2023)
Company website

Guidance record · Q4 FY26

what the last two calls moved 10 tracked 2 delivered 2 missed 6 open
  • Gross Margin delivered said Q4 FY25 Promised: Maintain regular 23%, 24% gross margin levels in the long run. Q4 FY26: FY26 Gross Margin reported at 24%, perfectly aligning with the 23-24% target band.
  • Marketing Spend as % of Revenue went quiet said Q4 FY25 Promised: Maintain it below 2.5% of the overall revenue. Q4 FY26: No specific update provided on marketing spend percentage in the current quarter.
  • Revenue Growth (excl one-time orders) on track said Q2 FY26 Promised: 50% CAGR for the next two to three years. Q4 FY26: FY26 adjusted revenue grew 67% YoY, well above the 50% CAGR target.

All 10 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 37.2%, net profit up 17.1% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue90 46 63 59 68 −24%79 +72%102 +63%81 +37%
EBITDA9 4 6 7 7 −19%8 +115%15 +126%9 +16%
Net profit6 3 5 5 5 −19%6 +104%10 +105%6 +17%
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 +50.1% 1Y

₹0.8k₹1.0k₹1.2kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 31 Oct 2025Q4 FY26 — 30 Apr 2026

1Y: ₹736.1 on 10 Sept 2025 → ₹1,105. High ₹1,300.25 (4 Jun 2026), low ₹715 (30 Sept 2025).

How the price took the results

close before → close after

Q4 FY26
−1.9%
30 Apr
Q2 FY26
+5.2%
31 Oct

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 57.1% a year over 2 years, FY24 to FY26. Operating margin held at 12.1%.

Year endingFY24FY25FY26
Revenue₹125 Cr₹255 Cr₹309 Cr
Operating profit₹16 Cr₹24 Cr₹37 Cr
Operating margin12.4%9.6%12.1%
Interest₹1 Cr₹2 Cr₹3 Cr
Depreciation₹1 Cr₹1 Cr₹2 Cr
Net profit₹11 Cr₹18 Cr₹26 Cr
Net margin8.6%7.0%8.3%
ROCE—42.0%34.0%
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 endingFY21FY22FY23FY24FY25FY26
Equity capital₹0 Cr₹0 Cr₹9 Cr₹9 Cr₹9 Cr₹10 Cr
Reserves₹3 Cr₹9 Cr₹8 Cr₹18 Cr₹71 Cr₹86 Cr
Borrowings₹4 Cr₹6 Cr₹6 Cr₹8 Cr₹41 Cr₹36 Cr
Other liabilities₹3 Cr₹5 Cr₹10 Cr₹15 Cr₹16 Cr₹28 Cr
Total liabilities₹9 Cr₹20 Cr₹33 Cr₹50 Cr₹138 Cr₹160 Cr
Fixed assets₹1 Cr₹1 Cr₹6 Cr₹6 Cr₹11 Cr₹12 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other assets₹9 Cr₹20 Cr₹27 Cr₹44 Cr₹127 Cr₹149 Cr
Total assets₹9 Cr₹20 Cr₹33 Cr₹50 Cr₹138 Cr₹160 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

Since Jun 2025, the public added +1.33 pp while DIIs trimmed −1.27 pp. The shareholder count grew 19% to 2,626.

Promoters
69.1%
FIIs
0.2%
DIIs
6.1%
Public
24.6%

Since Jun 2025

  • Public +1.33 pp
  • DIIs −1.27 pp
  • FIIs −0.05 pp

How it drifted, 12 quarters

Over this window DIIs went from 0.0% to 6.1% — +6.1 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 73.7%, Public 26.4%.Dec '23: Promoters 73.7%, FIIs 0.2%, DIIs 0.1%, Public 26.0%.Mar '24: Promoters 73.7%, FIIs 0.3%, DIIs 0.3%, Public 25.7%.Jun '24: Promoters 69.1%, FIIs 0.3%, DIIs 5.3%, Public 25.3%.Sep '24: Promoters 69.1%, FIIs 0.3%, DIIs 5.3%, Public 25.3%.Dec '24: Promoters 69.1%, FIIs 0.3%, DIIs 6.0%, Public 24.6%.Mar '25: Promoters 69.1%, FIIs 0.3%, DIIs 7.1%, Public 23.6%.Jun '25: Promoters 69.1%, FIIs 0.3%, DIIs 7.4%, Public 23.3%.Sep '25: Promoters 69.1%, FIIs 0.3%, DIIs 7.6%, Public 23.0%.Dec '25: Promoters 69.1%, FIIs 0.2%, DIIs 6.1%, Public 24.6%.Mar '26: Promoters 69.1%, FIIs 0.2%, DIIs 6.5%, Public 24.2%.Jun '26: Promoters 69.1%, FIIs 0.2%, DIIs 6.1%, Public 24.6%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Macfos above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Atul Maruti Dumbre 23.03%unchanged
Binod Prasad 23.03%unchanged
Nileshkumar Purushottam Chavhan 23.03%unchanged
Sageone - Flagship Growth 2 Fund AIF2.76%−0.21 pp
Sageone Investment Managers Llp 1.23%unchanged
Dhyana Capital AIF1.08%unchanged
Laxmi Kumari 0.01%unchanged
Suvidha Atul Dumbre 0.00%unchanged
Amruta Avinash Dere 0.00%unchanged
Manali Anilrao Pawar 0.00%unchanged
Sakshi Garg 0.00%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.

What the price assumes

Attractive

To justify its price of ₹1105, this stock must grow earnings at 28% every year for 7 years. Our analysis caps realistic growth at ~49%. At that growth it is worth ₹2983 — upside of 170%.

Growth the price implies
27.6% a year
for 7 years, fading to 4%
It has actually compounded at
54.0% a year
net profit, FY24–FY26 · EPS 48.8%
The gap
-0.2 pp
170% downside if it only repeats history
Price today ₹1,105 Value at the reference growth ₹2,982.55

Change the assumptions yourself →

All earnings calls (3)

Read the Q4 FY26 call →

Learn to analyse Macfos

Guides on how to read this kind of business and the numbers that matter.