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Swing Capital

Mac Charles (India) Ltd

NSE: MCCHRLS-B BSE: 507836Energy

Incorporated in 1979, Mac Charles Ltd is involved in the generation of electricity through wind turbine generators, and in the construction & leasing of commercial real estate properties[1]

₹677
52W: ₹512 — ₹785
PE 59.2 · Book ₹275 · +146% vs book
Market Cap₹887 Cr
Stock P/E59.2Price to Earnings
ROCE9.04%Return on Capital
ROE3.9%Return on Equity
Div. Yield0%Face Value ₹10

Weaknesses

  • −Company has low interest coverage ratio.
  • −Company has a low return on equity of -7.44% over last 3 years.
  • −Working capital days have increased from -337 days to 81.2 days

Shareholding Pattern

Promoters73.78%
FIIs0%
DIIs0.02%
Public26.19%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters75%75%73.78%▼1.273.78%73.78%73.78%73.78%73.78%
FIIs0%0%0%0%0%0%0%0%
DIIs0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%
Public24.96%24.99%▲0.026.2%▲1.226.19%▼0.026.2%▲0.026.2%26.19%▼0.026.19%

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales22233222243332
Expenses7777896566
Operating Profit-5-5-5-4-5-715182626
OPM %-202%-198%-272%-115%-196%-353%70%78%81%83%
Net Profit-14-14-14-13-12-20-5-2-5011
EPS ₹-10.69-10.85-10.59-10.29-9.06-15.15-3.66-1.18-38.38.24

AI Insights

Revenue Trend

Mar 2026 revenue at ₹110Cr, up 1000% YoY. OPM at 79%.

Debt Position

Borrowings at ₹1,162Cr. Debt-to-equity ratio: 3.34x. High leverage — monitor closely.

Institutional Flow

DIIs: 0.02% (+0.00pp change). FIIs: 0% (+0.00pp change). Promoters hold 73.78%.

Margin & Efficiency

ROCE declining from 14% (Mar 2015) to 9% (Mar 2026). Working capital days: 81.

Valuation

PE 59.2x with 9.04% ROCE. Price is 146% above book value of ₹275. Dividend yield: 0%.

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