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MCON Rasayan India share price & results

MCON Rasayan India Ltd· Construction Materials· Commodities

Results to
Mar 2026
Latest analysed call
Q4 FY26
Ownership as of
Mar 2026

Gujarat-manufactured construction-chemicals maker of ready-mix mortar, tile adhesives, waterproofing systems and admixtures, sold pan-India via distributors and a franchise-owned (FOCO) network.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue36.9 ₹ crore+26.3% YoYQuarterly, as filedQuarter to Mar 2026Revenue from operations as filed.
Operating margin11.7 %+3.5 pts YoYOperating profit / revenueQuarter to Mar 2026For the quarter; a change is in percentage points.
Net profit1.8 ₹ crore+76.5% YoYQuarterly, as filedQuarter to Mar 2026Profit after tax as filed.
Return on equityUnavailable−0.5 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM · period unavailableNot in the analysed materials. No older figure is substituted.
Free cash flow margin3.54 %+35.5 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)Unavailable+7.5 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM · period unavailableNot in the analysed materials. No older figure is substituted.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Mar 2026

Guidance

What management said, and what became of it

0 of 4 judged targets kept · 10 open · verdicts reflect calls analysed to Q4 FY26.

MCON Rasayan India Ltd management guidance track record on Inve: 14 targets tracked across analysed earnings calls (0 achieved, 4 missed, 10 open).

TargetOriginal wordingSaidLatest callVerdict
FY26 Total Revenue₹70 crores
Call transcript, Q4 FY25 · 5 Jun 2025		Q4 FY25Q4 FY26:Missed. Achieved FY26 revenue of ₹65.2 crores against the guided target of ₹70 crores.
Call transcript, Q4 FY26 · 29 May 2026		Missed
EBITDA Margin >15%Anything above 15% is for sure (for FY26)
Call transcript, Q4 FY25 · 5 Jun 2025		Q4 FY25Q4 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.
Call transcript, Q4 FY26 · 29 May 2026		Delayed
Working Capital NormalizationSlowly you will see reduction in the inventory levels or the cost of inventory.
Call transcript, Q4 FY25 · 5 Jun 2025		Q4 FY25Q4 FY26:Reported improvement in working capital days to ~164. Acknowledged continued pressure from expansion but are taking steps like bill discounting to manage it.
Call transcript, Q4 FY26 · 29 May 2026		On Track

Source: Inve Guidance Tracker for MCON Rasayan India Ltd · to Q4 FY26

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

4 of MCON Rasayan India Ltd's 14 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 11 more targets are in the full ledger.

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Price

₹38.5 0.00% · ₹0

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −49.4% 1Y

₹40.0₹50.0₹60.0₹70.0₹80.0Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 19 Nov 2025Q4 FY26 — 29 May 2026

1Y: ₹76.15 on 24 Oct 2025 → ₹38.5. High ₹79.95 (27 Oct 2025), low ₹37.8 (30 Mar 2026).

Previous close
₹38.5
Market cap
₹29 Cr
52-week range
₹37.8 – ₹79.95
One year
−51.84%
Price to earnings (FY ending Mar 2026)
9.41×
Return on equity (FY ending Mar 2026)
8.76%

Overview

Symbol
NSE:MCON
Industry
Commodities
Exchange
NSE
Currency
INR

What MCON Rasayan India Ltd does

Based on the company's own presentations, annual report and earnings calls.

Mcon Rasayan manufactures construction and finishing chemicals — ready mix mortar, tile adhesives and grouts, waterproofing systems, admixtures, engineering grouts, wall finish/paints and concrete-repair products — at two in-house plants in Gujarat (Sarigam and Ambethi), producing both powder-based (cement/sand) and liquid/paste product lines. Products move through a network of distributors, dealers and retailers, plus a Franchise-Owned Company-Operated (FOCO) model where franchise partners host powder-manufacturing units closer to regional markets. End customers span residential and private building construction, repair and rehabilitation work, government infrastructure projects, and retail/contractor counters across multiple Indian states.

Segments

  • Ready Mix Mortar
  • Tile Adhesives & Grouts
  • Waterproofing Systems
  • Admixtures
  • Concrete Repair
  • Wall Finish & Paints
  • Engineering Grouts
  • Concrete Flooring
Manufacturing plants
2 (Sarigam and Ambethi, Gujarat)
Own installed capacity
51,500 MTPA (FY26)
FOCO (franchise) capacity
~40,000 MTPA across North (11,500), West (19,500) and South (9,000) regions (FY26)
FOCO franchise partnerships
7 (FY26)
Distributor network
188+
Dealers & retailers
245+ dealers, 1,500+ retailers
Founded 2016Headquarters Mumbai, Maharashtra, India Company website

How the price took the results

close before → close after

Q4 FY26
+0.5%
29 May
Q2 FY26
−4.2%
19 Nov

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.

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