MacfosShare price, financial results, shareholding and management

BSE SME · ROBUElectronics parts e-commerce

robu.in ↗Live price on BSE ↗ISIN INE0OLH01013 · Lot 165 shares · ₹1.77 lakh

₹1,071.55

-2.30% on the day

Close · 6 Nov 2026

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Valuation

Market cap: ₹1,110 cr
Stock P/E: 43.3peers 16.3
Book value: ₹92.7
Price to book: 11.56
EV / operating profit: -
Market cap to sales: 3.59

Returns and growth

ROCE · FY26: 33.8%
ROE · FY26: 30.9%
ROE, 3-year average: 39.0%
Operating margin · FY26: 11.7%peers 5.4%
Sales growth, 3 years: 56.8%
Profit growth, 3 years: 51.3%

Safety

Debt to equity: 0.38peers 0.16
Borrowings: ₹36 cr
Interest cover: 12.0×
Cash from business / op. profit: -22%
Debtor days: 16
Pledged: 0.00%

Ownership and share

Promoter holding: 69.12%
Change in promoter holding: 0.00 pts
Shareholders: 2,626
52-week high / low: ₹1,315 / ₹695
Dividend yield: 0.00%
Face value: ₹10

Tap or hover on any figure for what it means. Our arithmetic on reported figures, at the latest close.

₹1,071.55+50.89% 1 year

Close on 6 Nov 2026 · -2.31% on the day · Vol 1,980

Daily prices to 6 Nov 2026, adjusted for splits and bonuses. Closing prices only: check the exchange for the live price.

Share price returns

To the close of 6 Nov 2026

1 month: +3.0%
3 months: -13.6%
6 months: +14.6%
1 year: +50.9%

Traded a day, 20 days: ₹1.23 cr

Business growth

Sales and net profit, from the reported results

	Sales	Profit
FY26 on FY25	+21%	+43%
3 years, a year	+57%	+51%
Latest half, H2 FY26	+67%	+103%

About Macfos: business, products and customers

Macfos runs Robu.in, an online store for electronic and robotics parts such as sensors, motors, drone parts and development boards, used by engineers, students, researchers and companies. It is also building its own brands, and its shares trade on BSE SME.

Macfos runs Robu.in, an online store for hard to find electronic and mechanical parts: robotics and drone parts, e-bike parts, IoT modules, 3D printers, development boards such as Raspberry Pi, sensors, motors, batteries and displays. It buys from more than 210 vendors in India and abroad and ships from a dedicated warehouse of over 50,000 sq ft. The website started in 2014, the Android app in 2017 and the iOS app in January 2023.

Buyers range from hobbyists and schools to research teams and companies building products in small batches; Crisil put business sales at about 60% of FY25 revenue. The company says it is the exclusive Indian distributor for brands such as Seeed Studio, Arduino and M5Stack.

In its favour

Sales have grown very fast: 57% a year over three years.
It earns a high return on the money it uses: ROCE 34% in FY26.
The promoters own a large part of the company: 69.12%.

To watch

Slow moving stock, which was 5.52% of inventory in June 2026 against 6.21% in March 2026 (Investor presentation, Aug 2026, p.12).
Drone products for defence buyers: the managing director said that within about two years the company will be either in or out of that business (Earnings call, Apr 2026, p.11).
Warehouse space: the company says it needs 30% to 40% more processing capacity than its average load and had no warehouse spending planned as of April 2026 (Earnings call, Apr 2026, p.21 to 22).
Visitor figures: the company changed how it counted unique visitors and said it would go back to adding up quarterly figures (Earnings call, Apr 2026, p.4 to 5).
Customers take longer to pay than before: 16 days in FY26, against 2 in FY20.

From the company's documents first, then the reported figures read by fixed rules, the same for every company. Facts, not a view on the shares.

Macfos revenue and profit growth

Half-yearly results · Profit and loss

Sales have grown very fast. Last year profit grew faster than sales, so the company kept more from each rupee of sales.

Sales and net profit, every year, ₹ crore

SalesNet profit

The latest halves, ₹ crore

SalesNet profit

SME companies report every six months. In the latest half, sales were higher than in the same half a year before. Profit grew faster than sales.

Macfos half-yearly results

SME companies report every six months · ₹ crore

₹ crore · growth on the same half a year before

	H2FY23	H1FY24	H2FY24	H1FY25	H2FY25	H1FY26	H2FY26
Sales	44.39	52.98	72.15	146.69	108.37	127.72	181.03
Expenses	37.91	47.51	62.11	132.46	98.16	113.57	159.06
Operating profit	6.48	5.47	10.04	14.23	10.20	14.15	21.96
OPM	14.6%	10.3%	13.9%	9.7%	9.4%	11.1%	12.1%
Interest	0.51	0.60	0.74	1.01	1.21	1.18	1.96
Depreciation	0.25	0.30	0.38	0.34	0.53	0.75	0.88
Profit before tax	6.08	5.14	9.59	13.81	10.23	13.61	20.76
Net profit	4.49	3.82	7	10.28	7.63	10.15	15.49

Macfos profit and loss

Full years to March, FY20 to FY26 · ₹ crore, consolidated where reported

₹ crore

	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Sales	16	27	56	80.17	125.13	255.06	308.77
Expenses	15	24	47	69.29	109.66	230.63	272.64
Operating profit	1	3	9	10.88	15.47	24.43	36.14
OPM	8.0%	11.0%	16.0%	13.6%	12.4%	9.6%	11.7%
Other income	0	0	0	0.64	1.23	2.70	2.99
Interest	1	1	1	1.01	1.30	2.24	3.13
Depreciation	0	0	0	0.45	0.68	0.87	1.63
Profit before tax	0	2	8	10.05	14.73	24.02	34.37
Tax rate	19.0%	0.0%	25.0%	26.3%	26.5%	25.4%	25.4%
Net profit	0	2	6	7.41	10.82	17.92	25.64
EPS ₹	·	·	·	8.39	12.25	19.14	24.75
Dividend payout	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

The years to FY22 come rounded to the nearest crore in the source.

Macfos profitability

Margins and returns on capital

Last year the company kept more from each rupee of sales than the year before. It earns a high return on the money it uses.

Operating margin, every year

Per cent of sales kept before interest, depreciation and tax

Per cent

	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Operating margin	8.0%	11.0%	16.0%	13.6%	12.4%	9.6%	11.7%
Tax rate	19.0%	0.0%	25.0%	26.3%	26.5%	25.4%	25.4%
ROCE	·	49.9%	81.7%	58.2%	55.3%	42.0%	33.8%
ROE	·	99.5%	99.8%	57.0%	49.2%	36.9%	30.9%
Dividend payout	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Macfos debt and cash flow

Balance sheet · Cash flow · Working capital

The company's own money, its net worth, has grown fast. It borrowed much more last year. Its loans are smaller than its own money. Last year the business used more cash than it brought in. It spent more on assets and investments than the business brought in, and raised the rest from loans or shares. Customers take longer to pay than they did in FY24, which ties up more of the company's money in unpaid bills.

Its own money and its borrowings, ₹ crore

Net worthBorrowings

Cash from the business against net profit, ₹ crore

Cash from the businessNet profit

Bars below the line are cash going out.

Macfos balance sheet

At each 31 March · ₹ crore

₹ crore

	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Equity capital	0.01	0.01	0.01	9	9	9	10
Reserves	1	3	9	8	18	61	86
Net worth	1.01	3.01	9.01	17	27	70	96
Borrowings	4	4	6	6	8	20	36
Other liabilities	0.99	1.99	4.99	10	15	18	28
Total liabilities	6	9	20	33	50	108	160
Fixed assets	1	1	1	6	6	10	12
Capital work in progress	0	0	0	0	0	0	0
Investments	0	0	0	0	0	0	0
Other assets	5	8	19	27	44	98	148

Macfos cash flow

₹ crore

	FY20	FY22	FY23	FY24	FY25	FY26
Cash from operations	0	-1	6	4	-25	-8
Cash from investing	-1	0	-5	-5	-10	-3
Cash from financing	1	2	-1	0	35	13
Net cash flow	0	1	0	-1	0	2

Working capital

Days

	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Debtor days	2	12	11	11	10	8	16
Inventory days	108	105	112	104	95	98	122
Days payable	35	34	23	37	30	18	26
Cash conversion cycle	75	82	100	78	75	88	113
Working capital days	-14	24	62	58	51	68	81

Macfos peers and competitors

Listed SME companies in the same industry

By sales, Macfos is number 8 of the 26 listed SME companies in retailing.

Each company's latest full year and its latest close; companies the exchange puts in the same industry, whose businesses can differ a good deal. A list, not a comparison of their shares.

Company	Market cap ₹ cr	P/E	Sales ₹ cr	Profit ₹ cr	Op. margin	Debt/equity
Fonebox Retail	212	30.3	535	7	3.4%	0.00
Cell Point (India)	29	453.9	368	0.1	2.8%	1.04
On Door Concepts	176	16.3	320	10.8	4.8%	0.09
Macfos	1,110	43.3	309	25.6	11.7%	0.38
Mehul Telecom	151	15.1	200	10	7.0%	0.11
Womancart	69	8.5	134	8.1	13.4%	0.25
Pace E-Commerce Ventures	34	8.4	100	4	6.0%	0.21
Ahasolar Technologies	21	102.0	92	0.2	0.7%	0.06
Aditya Consumer Marketing	45	-	91.4	-2.1	-1.2%	0.32
Acetech E-Commerce	216	21.0	82.8	10.3	16.9%	0.00
Vinit Mobile	32	5.6	71.9	5.7	11.1%	0.65
Median of the 10 others	57	16.3	117	6.4	5.4%	0.16

Macfos shareholding pattern

Promoters, FIIs, DIIs, HNIs and small holders

The promoters own more than half the company. Big foreign and Indian funds own very little. The number of shareholders is about the same.

Promoters

69.12%

+0.01 pts since Sep 24

Foreign investors (FIIs)

0.20%

at Mar 26; not in the latest pattern

Indian institutions (DIIs)

6.49%

at Mar 26; not in the latest pattern

Number of shareholders

2,626

1,804 in Sep 24

Macfos shareholding pattern

Per cent of shares, from the patterns filed with the exchange. Tap + to see everyone holding 1% or more in that group. HNIs and small holders show only where the pattern was filed in full.

	Sep 24	Dec 24	Mar 25	Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
Promoters	69.11%	69.11%	69.12%	69.12%	69.12%	69.12%	69.12%	69.12%
Foreign investors (FIIs)	0.32%	0.27%	0.25%	0.25%	0.25%	0.20%	0.20%	-
Indian institutions (DIIs)	5.31%	6.04%	7.06%	7.36%	7.61%	6.06%	6.49%	-
Number of shareholders	1,804	2,051	2,112	2,200	2,463	2,414	2,452	2,626

Macfos study: the business from its own documents

Read from 11 of the company's own documents

Macfos key facts from the filings

Each figure with the document it comes from

Products listed: 1,06,981 SKUs; Items on the store in June 2026; the company says recent additions were mostly small, low cost items.Investor presentation, Aug 2026, p.10
Customers: 1.85 lakh; Unique customers in FY26, up from about 1.45 lakh the year before.Earnings call, Apr 2026, p.22
Latest quarter: ₹82.46 cr; Revenue in April to June 2026, 38% more than a year earlier on comparable Ind AS figures.Investor presentation, Aug 2026, p.18
Orders served: 1,19,661; Orders shipped in April to June 2026, against 1,14,066 a year earlier, to 67,480 customers.Investor presentation, Aug 2026, p.11
Business buyers: About 60%; Share of FY25 revenue from business customers, with the rest from online retail, as stated by Crisil.Credit rating note, Crisil, Jul 2025, p.1

Show 5 more facts

One time bulk sale: ₹71 cr; A one off bulk order in the first half of FY25, which the company leaves out when it compares FY26 growth.Earnings call, Apr 2026, p.3
Slow moving stock: 5.52%; Share of inventory older than nine months in June 2026, down from 6.21% in March 2026.Investor presentation, Aug 2026, p.12
Own brand margin aim: +10% gross margin; The company aims for own brand products to earn about ten points more gross margin than distributed products; their revenue is still small.Earnings call, Apr 2026, p.9 and p.17
Product team: 20 to 25 people; Size of the own product development team, up from about four people two years earlier.Earnings call, Apr 2026, p.17
Credit rating: Crisil BBB/Stable; Reaffirmed in July 2025, when rated bank loans were raised to ₹40 cr from ₹30 cr.Credit rating note, Crisil, Jul 2025, p.1

Is it a good business? Six questions

Each answer is about that one question, read from the documents; tap one for the evidence. Not a view on the shares.

Macfos earns a trading margin by stocking a very wide range of electronic parts and shipping them quickly to many small buyers across India.

Its weak spots are thin pricing power against other sellers and a business that needs ever more stock, paid for partly with borrowed money.

WatchCan it set its own prices?Only a little. Rivals and bulk buyers push prices down, and the company has chosen to take lower margins to win business.

The evidence. Crisil says intense competition leads to periodic discounts and that bulk corporate orders have weighed on margins. On the April 2026 call the managing director said the company used margin as a currency to grow and that prices are balanced against competition, customers and supplier terms.Credit rating note, Crisil, Jul 2025, p.1; Earnings call, Apr 2026, p.6 and p.16

AverageHow strong is it against rivals?Its very wide range is hard to match in India, but each category has its own specialist rivals and large global distributors also operate here.

The evidence. Atul Dumbre said no player in India covers all the segments Robu does, while naming specialist local sellers and global distributors such as DigiKey and Mouser. Atul Dumbre also said exclusive brand partnerships do not count for much in India.Earnings call, Apr 2026, p.11 and p.19 to 20

StrongWho are its customers?A very large number of small buyers, from hobbyists and schools to research labs and small manufacturers, so no single customer matters much.

The evidence. About 1.85 lakh unique customers in FY26. The company groups them as hobby, education, research and engineering, and says very high volume carmakers are not its customers.Earnings call, Apr 2026, p.12 and p.22

WatchDoes it need a lot of money?Yes. Growth means holding more stock, and the company borrows to pay for it.

The evidence. The managing director said almost all debt is turned into inventory and that rising debt is a function of how fast the company grows. Crisil put gross current assets at 138 days in March 2025, up from 101 days, driven by inventory.Earnings call, Apr 2026, p.14 and p.23; Credit rating note, Crisil, Jul 2025, p.1

StrongCan it keep finding new work?Orders come every day from a growing base of buyers, and the company keeps adding new products and categories.

The evidence. Orders served rose to 1,19,661 in April to June 2026 from 1,14,066 a year earlier. The company says it adds 10,000 to 15,000 products a year and that customer retention and repeat purchases are rising.Investor presentation, Aug 2026, p.11 and p.18; Earnings call, Apr 2026, p.21

AverageDo good and bad years swing a lot?Sales have risen every year, but one large one off order flattered one year and the last quarter of each year is usually stronger.

The evidence. The company excludes a one time bulk sale of about ₹71 cr in the first half of FY25 when comparing growth. It says business and government buyers spend their yearly budgets in the last quarter, which lifts order values then.Earnings call, Apr 2026, p.3 and p.5; Investor presentation, Aug 2026, p.8

Who runs Macfos?

Promoters, directors and officers; tap a name for the background

AMAtul Maruti DumbrePromoter, Chairman and Managing Director

Master of Technology in Energy Studies from the University of Pune (2014). On the board since September 2017 and Chairman and Managing Director since January 2023, handling supply chain, customer relations and digital marketing. The August 2026 presentation gives 15 years of experience. The annual report describes the founders as engineers who left their jobs in 2012 and started Robu.in in 2014.

Offer document, p.111; Investor presentation, Aug 2026, p.9; Annual report FY26, p.6 to 8

BPBinod PrasadPromoter, Whole Time Director and Chief Financial Officer

Bachelor of Engineering in Mechanical from the University of Poona (2010). On the board since September 2017 and Whole Time Director since January 2023; oversees accounts and finance, compliance and warehouse operations. The August 2026 presentation gives 15 years of experience.

Offer document, p.111; Investor presentation, Aug 2026, p.9

NPNileshkumar Purshottam ChavhanPromoter and Whole Time Director

Master of Engineering in Mechanical from the Indian Institute of Science, Bangalore (2012). On the board since September 2017 and Whole Time Director since January 2023; looks after business development, sales and marketing, human resources and administration. The August 2026 presentation gives 15 years of experience.

Offer document, p.111; Investor presentation, Aug 2026, p.9

ARAnkit RathiIndependent Director

A Chartered Accountant and partner in A D V & Associates, a practising firm in Mumbai, with about eight years in audit at the time of the offer document. On the board since January 2023.

Offer document, p.111; Annual report FY26, p.5

RKRavi Kant JagetiyaIndependent Director

A Chartered Accountant running an own practice, with about 11 years in audit and income tax at the time of the offer document. On the board since January 2023.

Offer document, p.111; Annual report FY26, p.5

Macfos latest news and announcements

Announcements · Documents · Corporate actions

What changed recently

Each half-year is set against the same half a year earlier

H2 FY26: sales ₹181 cr (+67%), net profit ₹15.5 cr (+103%) on H2 FY25.
Shareholding, 30 June 2026: promoters unchanged at 69.12%.

Macfos announcements

2 on record, latest first; each opens the filing on the exchange

Macfos annual reports, earnings calls and documents

Every document links to its source; “read” marks those this page is built from

Offer document

Offer document ↗read

Earnings calls

Investor presentations

Annual reports

Credit ratings

3 July 2025 ↗read
26 July 2024 ↗read

Macfos share split, bonus and dividends

From the corporate actions the company announces on the exchange

Bonus issueBonus issue 1:10ex-date 10 March 2026

Checks we ran on Macfos' data · 9

Before any number shows, it goes through the same checks. A figure that fails is held back, never shown as if it were right.

iBonus issue with ex-date 10 March 2026: earlier prices on this page are adjusted to the new share basis.
✓Balance sheet totals add up for FY25 and FY26.
✓Market cap uses the share count in the latest shareholding pattern (1,03,58,503 shares).
✓The share capital in the FY26 results matches the share count in the shareholding pattern.
✓Promoter and public holdings add up to 100% in every shareholding pattern shown.
✓The two half-years of FY26 add up to the full-year sales.
✓Earnings per share moves in line with profit across the years shown.
✓Revenue and profit are reported for every year shown, FY20 to FY26.
iPrices run to the close on 14 Oct 2026, from the exchange's daily figures.

Questions people ask about Macfos

What does Macfos do?

What is the share price of Macfos?

₹1,072 at the close on 6 Nov 2026, from the exchange's daily figures.

What is the market cap of Macfos?

₹1,110 cr at the close on 6 Nov 2026, on 1,03,58,503 shares.

What is the P/E of Macfos?

43.3 times FY26 profit at the close on 6 Nov 2026 (our arithmetic).

What are Macfos' revenue and profit?

Revenue ₹309 cr and profit after tax ₹26 cr in FY26.

Who are the promoters of Macfos?

Atul Maruti Dumbre, Binod Prasad, Nileshkumar Purshottam Chavhan; promoters held 69.12% at 30 June 2026.

What is Macfos' website?

www.robu.in

More SME companies like Macfos

Other listed SME companies in retailing, the closest in size first, each read from its own documents.

Every listed SME company in Retailing →

Built from 3 earnings call transcripts, 3 investor presentations, 2 annual reports, 2 credit rating notes, 1 offer document, 2 exchange announcements, 8 shareholding patterns and 7 years of reported results. Every figure carries its source; where the documents are silent, the page says so.

Macfos share price chart

Share price returns

Business growth

About Macfos: business, products and customers

In its favour

To watch

Macfos revenue and profit growth

Macfos half-yearly results

Macfos profit and loss

Macfos profitability

Operating margin, every year

Macfos debt and cash flow

Macfos balance sheet

Macfos cash flow

Working capital

Macfos peers and competitors

Macfos shareholding pattern

Macfos shareholding pattern

Macfos study: the business from its own documents

Macfos key facts from the filings

Is it a good business? Six questions

Who runs Macfos?

Macfos latest news and announcements

What changed recently

Macfos announcements

Macfos annual reports, earnings calls and documents

Macfos share split, bonus and dividends

Questions people ask about Macfos

More SME companies like Macfos