Macpower CNC Machines Share Price Target 2026, 2027, 2028, 2029, 2030

Macpower CNC Machines share price today

Macpower CNC Machines builds computer-controlled machine tools — turning centres, vertical and horizontal machining centres, and turn-mill machines — from Rajkot in Gujarat. Its customers are the engineering workshops and component manufacturers that supply India’s automotive, general engineering and defence industries. When an Indian machine shop chooses a domestic CNC machine over an imported one, Macpower is one of a short list of names in the conversation.

At the 6 August 2026 cut-off the share closed at ₹1,581.00, a reconciled market capitalisation of about ₹1,581 crore on trailing EPS of ₹38.90 — the share count happens to be almost exactly one crore, so price and market capitalisation in crore read the same. The quote above moves; the analysis is fixed to that date.

The operating story here is the most visible in this batch. There is a disclosed order book, published guidance and an announced capacity plan — the very transparency that other companies in this group lack. The problem is the price. At roughly 40.6 times earnings and 9 times book, sitting 1.5% below its 52-week high after more than doubling from ₹761, the shares assume the current capital expenditure cycle continues.

A cyclical business with an unusually clear window

Disclosure	What the company has said	Why it matters
Order book	About ₹406 Cr, up roughly 23% year on year	Slightly more than one year of current revenue
Bid pipeline	Around ₹1,029 Cr of domestic bids and tenders	Indicates addressable demand, not booked revenue
FY27 guidance	Revenue growth of 28–30%	Management has committed to a number publicly
Margin guidance	EBITDA margin steady, improving with premium mix	Growth is not being bought with discounting
Capacity	13 acres near Metoda GIDC, Rajkot	Debottlenecking the current constraint
Capital plan	About ₹50 Cr in infrastructure and machinery	Completion targeted within roughly 12 months

Compare that with Sika Interplant elsewhere in this batch, where we could not source a current order book at all. Macpower tells you what it has won, what it is bidding for, what it expects to grow, and what it is spending to get there. That transparency deserves credit and is a genuine part of the quality argument.

An order book of ₹406 crore against quarterly revenue near ₹95 crore represents roughly a year of work in hand. For a capital goods maker that is comfortable rather than exceptional, and it means FY27 guidance rests on execution of orders already won rather than on winning new ones at an accelerating rate.

Q1 FY27: profit doubled

The June 2026 quarter reported revenue of about ₹95.2 crore with profit after tax near ₹9.6 crore, roughly double the year-earlier figure, at an EBITDA margin around 16.2%. On the back of it, management raised its FY27 revenue growth target to the 28–30% range.

Q1 FY27 measure	Reported outcome	Reading
Revenue	About ₹95.2 Cr	Roughly ₹380 Cr annualised
Profit after tax	About ₹9.6 Cr	Approximately double year on year
EBITDA margin	About 16.2%	Close to the 16.71% five-year operating margin
Order book	About ₹406 Cr	Up roughly 23% year on year
FY27 growth target	28–30%	Raised after the quarter

Trailing EPS of ₹38.90 on almost exactly one crore shares implies annual profit near ₹39 crore, and the June quarter annualises close to ₹38 crore. Note that the audited FY26 year to March was smaller — sales near ₹333 crore, profit around ₹34 crore and earnings per share of about ₹33.86 — so the trailing figure used here already reflects the stronger June quarter rather than the completed financial year. Screener’s own price-to-earnings ratio is computed on the same trailing basis, which is why the multiple below reconciles with the one shown there. The margin is running at its own long-run level rather than at an inflated one, which is a healthier starting point than several other names here.

Import substitution is real, and it is not permanent

The structural argument for domestic machine tools is straightforward. Imported CNC machines from Japan, Taiwan, Germany and China have historically taken a large share of the Indian market. A domestic manufacturer with comparable capability wins on price, delivery time, service response and spares availability. As Indian manufacturing capital expenditure rises, that substitution compounds.

We would add two qualifications that rarely appear in the bullish version.

First, machine tools are among the most cyclical products in industry. They are bought out of capital budgets, and capital budgets are the first thing a manufacturer cuts. A machine shop deferring a purchase by two quarters costs Macpower a sale entirely; it does not merely delay it.

Second, substitution has a ceiling defined by capability. The highest-precision, highest-value machines remain the preserve of established international builders, and moving up that ladder requires engineering investment that takes years. The premium mix management refers to is exactly this climb, and it is the right strategy — it is simply not a quick one.

Cycle-sensitive factor	Supportive today	What a downturn looks like
Customer capital budgets	Manufacturing capex expanding	Orders deferred rather than reduced
Order book	Roughly a year of revenue	Book shrinks before revenue does
Capacity addition	13 acres funded, 12-month timeline	New capacity commissioned into weak demand
Pricing	Margin guidance held, no discounting	Utilisation defended through price
Premium mix	Gradual move up the value ladder	Mix reverts to entry-level machines

Return ratios and the quality argument

Quality measure	6 August 2026 value	Reading
Return on equity	21.30%	Solid for a capital goods manufacturer
Return on capital employed	29.11%	Above the 25.68% five-year average
Operating margin	16.71%	Typical for machine tools; June quarter matched it
Five-year sales CAGR	24.17%	Strong, and cycle-assisted
Five-year profit CAGR	41.89%	Operating leverage on a small base
Promoter pledge	0%	No pledged holding at the cut-off

Return on capital nearly three and a half points above its own five-year average is the signature of a cyclical operating near the good part of its cycle. That is not a criticism of the company. It is a warning against capitalising the current return into perpetuity, which is precisely what a 40 times multiple does.

The listing history is short

Macpower migrated to the main board from the SME platform. The consequence is practical rather than sinister: the institutional research base, the depth of long-term shareholder scrutiny and the observed track record of guidance delivered under main-board disclosure are all shorter than for a long-listed peer. Management has so far guided and delivered, which is the best available evidence. It is simply less evidence than a decade of main-board filings would provide, and a 40 times multiple is a lot to pay against a short record.

Valuation at the fixed price

Valuation metric	6 August 2026 value	Basis
Share price	₹1,581.00	Exchange close on the cut-off date
Reconciled market capitalisation	₹1,581 Cr	Price times about 0.9999 crore shares
Recalculated P/E	40.64×	₹1,581.00 divided by trailing EPS of ₹38.90
Recalculated price to book	9.03×	₹1,581.00 divided by ₹175.10 book value per share
Recalculated PEG	About 0.97	P/E divided by the 41.89% five-year profit CAGR
Dividend yield	About 0.10%	Token; earnings are retained for expansion
52-week range	₹761.00 – ₹1,604.70	Cut-off price about 1.5% below the high

The PEG near 0.97 will be quoted by anyone making the bull case, and it deserves the same caution we applied elsewhere in this batch: the 41.89% five-year profit CAGR reflects operating leverage on a small base during a strong capital expenditure cycle. Management’s own FY27 guidance is 28–30% revenue growth, not 42%.

Nine times book for a machine tool builder is the figure that should give pause. Book value is a reasonable anchor for a manufacturer with real plant, and paying nine times it requires the current return on equity to persist through a cycle that has not yet turned.

The available valuation fields were captured on a different day from the price we fixed, so market capitalisation and every per-share ratio above were recomputed against the same ₹1,581.00 close.

Valuation framework: good company, demanding entry

The model compounds trailing EPS of ₹38.90 from the cut-off, applying 147/365 of a year’s growth to the 2026 row and one further full year to each later row, then an exit price-to-earnings multiple. Values round to the nearest ₹5 and exclude dividends.

Scenario	Annual EPS growth	Exit P/E	Operating interpretation
Bear	14%	24×	Capex cycle cools, order book flattens, the multiple normalises
Base	22%	34×	Guidance is broadly delivered and the rating moderates gradually
Bull	29%	45×	Premium mix lifts margin, new capacity fills, and the rating holds

Even the bear case assumes 14% earnings growth and a 24 times exit multiple. A genuine capital goods downturn would deliver neither, and readers should treat the bear column as a slowdown rather than a recession.

Macpower CNC share price target 2026 to 2030

The grid above resolves those assumptions into yearly values. For a cyclical purchased near its high, the practical use of a table like this is to show how much of the upside depends on the exit multiple staying elevated.

What would change the thesis

The case strengthens if the order book keeps growing faster than revenue, if the Rajkot capacity is commissioned on schedule and fills quickly, if EBITDA margin moves above 17% as the premium mix increases, and if management delivers the 28–30% growth it has guided without discounting.

It weakens if the order book stops growing while revenue catches up to it, if Indian manufacturing capital expenditure slows, if the new capacity is commissioned into softening demand, or if the mix reverts toward entry-level machines and margin compresses while the shares still trade at nine times book.

Quarterly monitoring scorecard

Question	Constructive evidence	Warning sign
Is the order book leading revenue?	Book grows faster than sales	Book flattens or declines
Is guidance being delivered?	Quarterly revenue tracks 28–30% growth	Shortfalls against the stated target
Is the mix improving?	Premium machines lift realisation and margin	Growth concentrated in entry-level models
Is capacity on schedule?	Metoda facility commissioned within 12 months	Delays or cost escalation
Is capital productive?	ROCE holds near or above 29%	Reversion toward the 25.68% five-year mean
Is the cycle intact?	Customer capex announcements continue	Order deferrals reported by peers

What to weigh at the current price

Macpower is, on the evidence, a well-run cyclical with a real product, a disclosed order book, published guidance it has been meeting, a funded capacity plan and no balance sheet strain. Among the eleven companies in this batch it has the clearest near-term visibility, and the June quarter matched its own long-run margin rather than exceeding it.

The reason we would still wait is arithmetic rather than doubt about the business. Buying a machine tool builder at roughly 40 times earnings and nine times book, within 1.5% of its 52-week high, after the shares have doubled and while return on capital runs above its five-year average, means paying peak multiples for peak-cycle earnings. The base case below still produces a reasonable outcome from here; it just leaves very little room if the capital expenditure cycle that produced these numbers pauses. A meaningfully lower entry would convert a good company into a good investment.

FAQ

What is the Macpower CNC share price target for 2030?

The grid above gives bear, base and bull values from trailing EPS, a growth assumption and an exit multiple. Because the starting multiple is high, the exit multiple drives much of the difference between the columns.

What does Macpower CNC Machines make?

Computer-controlled machine tools — turning centres, vertical and horizontal machining centres and turn-mill machines — manufactured at Rajkot and sold mainly to Indian engineering and component manufacturers.

How large is the order book?

About ₹406 crore, up roughly 23% year on year, alongside a domestic bid and tender pipeline reported near ₹1,029 crore. The order book represents a little over a year of revenue at the current run rate.

Why is the valuation a concern if growth is strong?

Because machine tools are cyclical and the shares trade at roughly 40 times earnings and nine times book near a 52-week high, with return on capital running above its own five-year average. That combination capitalises good-cycle earnings at a good-cycle multiple.

What does the SME migration mean for investors?

Macpower moved to the main board from the SME platform, so its record of disclosure and guidance under full main-board scrutiny is shorter than a long-listed peer. Management has delivered so far; there is simply less history.

When does Macpower CNC report its next result?

Check the results calendar and confirm the board-meeting date from the company’s own exchange filing before relying on any estimate.

Related research

• AIA Engineering share price target
• Grindwell Norton share price target
• Kirloskar Pneumatic share price target

Sources and methodology

• Macpower CNC Machines Q1 FY27 results and guidance
• Macpower CNC land acquisition for capacity expansion
• Macpower CNC FY26 earnings call highlights
• Macpower CNC business and expansion analysis

Return and margin metrics are Screener figures captured on 6 August 2026, with price and the 52-week range from exchange closing data for that session; all per-share ratios were recomputed against the same price. June-quarter figures, order book, guidance and the capacity plan are as reported by the company and contemporaneous coverage. The separate longer-term land plan referenced in some coverage is contingent on policy changes and has been excluded from the analysis.

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This article is research and education, not personalised investment advice or a recommendation to transact. Gale is not a SEBI-registered investment adviser. Price targets are scenario arithmetic, not promises. Verify current filings, liquidity, corporate actions and suitability, and consult a registered adviser before acting.