One of the micro-cap stocks engaged in offering a comprehensive range of customized services for the MICE (meetings, incentives, conferences, exhibitions) and events sector. The stock has skyrocketed by 15.32 percent after announcing a partnership with Adani Cement.
Stock Price Movement
In Monday’s trading session, Mach Conferences and Events Limited’s share jumped to an intraday high of 15.32 percent from the previous close of Rs. 244.45. The stock opened at Rs. 263 and is currently trading at Rs. 270, with a high of Rs. 281.90 and a low of Rs. 258. The market capitalization now stands at approximately Rs. 568 crore.
What Happened
Mach Conferences & Events Ltd. (MCEL) is announcing its partnership with Adani Cement. This partnership strengthens MCEL’s position as a leading provider of event management services. Through this collaboration, MCEL has secured a significant project involving logistics, accommodations, and sightseeing for over 1,200 participants across Delhi, Agra, and Gujarat, to be completed this financial year.
New Developments and Future Outlook
Mach Conferences and Events Limited is focused on strengthening its B2C vertical, with plans to hire a Chief Technology Officer (CTO) and build a technology team. Management remains cautious about aggressive expansion in B2C, prioritizing a balanced approach to maintain profitability while capitalizing on a strong order book.
Operational Highlights
Mach Conferences and Events Limited has successfully organized high-profile events, such as a banking event in Istanbul with 550 participants generating Rs. 13.5 crores, and a health insurance conference in Vietnam for 850 attendees, worth Rs. 5.5 crores.
The company also expanded its reach by opening a new office in Kolkata to boost visibility and operational efficiency in eastern India.
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Recent quarter results and ratios
Mach Conferences and Events Limited’s revenue has increased from Rs. 71 crore in H1FY24 to Rs. 119 crore in H1 FY25, which has grown by 67.61 percent. The net profit of Mach Conferences and Events Limited has also grown by 125 percent from Rs. 4 crore in H1 FY24 to Rs. 9 crore in H1 FY25.
In terms of return ratios, the company’s ROCE and ROE should be 31.25 percent and 38.32 percent, respectively. The debt-to-equity ratio of the company is to be 0.13x, which shows
the company is almost debt-free. Mach Conferences and Events Limited’s EPS is to be Rs. 12.29.
Shareholding pattern
In September 2024, Mach Conferences and Events Limited had a majority stake held by the promoters at 70.04 percent, foreign institutional investors at 5.68 percent, domestic institutional investors at 2.73 percent, and the public at 21.57 percent.
Company Overview
Mach Conferences and Events Limited was founded in 2014 and specializes in the MICE sector (meetings, incentives, conferences, exhibitions). The company provides a wide range of services, including managing conferences and exhibitions, planning global events, and handling logistics like venue selection and on-site coordination.
Written By – Nikhil Naik
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