B2B MICE (Meetings, Incentives, Conferences & Exhibitions) company that plans and executes corporate events, incentive tours and destination programs for BFSI-led clients across India and abroad.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 144 | +538.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 4.8 | −0.1 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 6.2 | +305.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | −2.5 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | 3.03 | +6.1 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | −2.1 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Guidance
1 of 2 judged targets kept · 5 open · verdicts reflect calls analysed to Q1 FY27.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| M&A Completion | Complete medical conference vertical acquisition in about 30 days | Q4 FY25 | Status remains achieved from Q2 FY26. No new information this quarter. | Achieved |
| Corporate Governance / Loan Structure | Amend the INR 50 cr loan to subsidiary as soon as possible | Q4 FY25 | The topic of the subsidiary loan was not mentioned again, continuing its 'ghosted' status from the previous quarter. | Ghosted |
| Revenue Growth | 25% growth this year / 25% CAGR over next three years | Q4 FY25 | Management issued new, much higher guidance for FY27 of ₹500+ cr, superseding the previous 25% growth target. This represents a significant upward revision of ambition. | Revised Up |
1 of MACHLTD's 7 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 4 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: ₹113 on 24 Oct 2025 → ₹212.05. High ₹241 (14 Oct 2026), low ₹91.9 (24 Dec 2025).
Overview
Based on the company's own presentations, annual report and earnings calls.
Mach Conferences & Events Limited provides end-to-end MICE solutions - event and conference management, destination management, hotel/venue booking, ticketing and visa assistance, and event logistics - largely for corporate clients in Banking, Financial Services and Insurance (BFSI), alongside Hospitality, FMCG, Infrastructure, Manufacturing and Cement sector clients. It executes both domestic events (e.g., Goa, Chennai, Punjab, Sikkim) and international incentive tours/conferences (e.g., Bali, Argentina, Mexico, Kenya, Bangkok, Switzerland, Paris). It is also diversifying into a Government Projects Division for institutional/public-sector events and into B2C travel (religious tourism packages and Cordelia Cruises distribution).
Segments
close before → close after
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.
Guidance
1 of 2 judged targets kept · 5 open · verdicts reflect calls analysed to Q1 FY27.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| M&A Completion | Complete medical conference vertical acquisition in about 30 days | Q4 FY25 | Status remains achieved from Q2 FY26. No new information this quarter. | Achieved |
| Corporate Governance / Loan Structure | Amend the INR 50 cr loan to subsidiary as soon as possible | Q4 FY25 | The topic of the subsidiary loan was not mentioned again, continuing its 'ghosted' status from the previous quarter. | Ghosted |
| Revenue Growth | 25% growth this year / 25% CAGR over next three years | Q4 FY25 | Management issued new, much higher guidance for FY27 of ₹500+ cr, superseding the previous 25% growth target. This represents a significant upward revision of ambition. | Revised Up |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 7 tracked commitments, with each call’s wording and source.
Call summaries
Mach Travel Solutions Q1 FY27
Mach Travel Solutions reported a strong Q1 FY27 with revenue soaring 538% YoY to ₹144.33 crores, driven by new corporate travel and government projects. Profitability also saw significant YoY growth, though margins compressed due to strategic investments. The company is addressing working capital needs and is on track for its B2C OTA platform launch in September, aiming for over ₹500 crores in revenue for FY27.
Read the full callMach Conferences Q2 FY26
Mach Conferences & Events Limited reported H1 FY26 consolidated revenue of INR 97.08 crores and PAT of INR 7.82 crores, with marginally improved PAT margins despite a dip in top and bottom lines attributed to the India-Pakistan war in April and May. The company is expanding into new verticals like doctor conferences through the acquisition of Travexel and the government tender business, while also preparing to launch its Book My Yatra OTA portal in December. Management expressed confidence in H2 performance, targeting 12-14% margins and 25% growth.
Read the full callMach Conferences Q4 FY25
Mach Conferences reported FY25 revenue of INR235.75 crores, maintaining last year's level despite the absence of a large event. The company saw a 73% increase in events organized and acquired 21 new clients. However, EBITDA margin compressed to 9.31% from 15.45% due to aggressive client acquisition and BFSI sector headwinds. Strategic expansion into B2C, including religious tourism and cruise distribution, along with an acquisition in medical conferences, positions the company for future growth, targeting 25% CAGR over the next three years.
Read the full callEvery analysed call
Fundamentals
Current values with the period they cover; the trend reads across the 3 fiscal years held (Mar 2024 to Mar 2026).
Financials
Net profit, year on year: +306% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2023 | Sept 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|
| Sales | 71 | 119 | 116 | 23 | 95 | 83 | 144 |
| Expenses | 65 | 108 | 109 | 22 | 85 | 80 | 137 |
| Operating profit | 6 | 11 | 7 | 1 | 10 | 3 | 7 |
| Operating margin | 9.0% | 10.0% | 6.0% | 4.9% | 10.0% | 3.8% | 4.8% |
| Other income | 0 | 1 | 2 | 1 | 2 | 1 | 2 |
| Interest | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 1 | 1 | 0 | 1 | 1 | 0 |
| Profit before tax | 6 | 12 | 8 | 1 | 10 | 3 | 8 |
| Tax rate | 27.0% | 26.0% | 31.0% | −9.3% | 23.0% | 40.4% | 25.1% |
| Net profit | 4 | 9 | 6 | 2 | 8 | 2 | 6 |
| EPS (₹ per share) | 868 | 4.05 | 2.68 | 0.73 | 3.68 | 1.35 | 2.92 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 19 | 21 | 21 | 21 |
| Reserves | 14 | 22 | 31 | 88 | 94 | 102 |
| Borrowings | 5 | 10 | 12 | 7 | 6 | 6 |
| Other liabilities | 22 | 25 | 39 | 24 | 22 | 51 |
| Total liabilities | 40 | 58 | 101 | 139 | 143 | 180 |
| Fixed assets | 12 | 12 | 22 | 20 | 19 | 19 |
| Capital work in progress | 1 | 6 | 0 | 0 | 0 | 0 |
| Investments | 7 | 2 | 0 | 8 | 4 | 3 |
| Other assets | 20 | 38 | 79 | 112 | 120 | 158 |
| Total assets | 40 | 58 | 101 | 139 | 143 | 180 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Cash from operations | -7 | -3 | 18 | -9 | 5 |
| Cash from investing | -15 | 0 | -1 | -25 | 5 |
| Cash from financing | 5 | 4 | 1 | 39 | -4 |
| Net cash flow | -17 | 1 | 18 | 5 | 5 |
| Free cash flow | -16 | -8 | 14 | -7 | 4 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Debtor days | 184 | 32 | 22 | 66 | 78 |
| Inventory days | — | — | — | 0 | 0 |
| Cash conversion cycle | 184 | 32 | 22 | 66 | 78 |
| Working capital days | -129 | 9 | 20 | 62 | 83 |
| Return on capital employed | — | 43.0% | — | 22.0% | 16.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 15.0% | 7.0% |
Ownership
Promoters hold 74.83% as of Sept 2026; institutions cut 0.69 pts since Mar 2026.
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
The same filing shows 1 holder trimming and 1 off the list — both are in the register beside this.
Named in the Sep 2026 filing
Every holder of MACHLTD above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| 67.25% | +1.79 pp | |
| 6.99% | unchanged | |
| 5.51% | +0.73 pp | |
| FPI fund | 2.38% | unchanged |
| 1.75% | −0.39 pp | |
| Corporate | 1.54% | unchanged |
| 1.46% | unchanged | |
| 0.53% | +0.10 pp | |
| 0.05% | unchanged | |
| AIF | — | off the list |
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.
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