Magna Electrocas

{
  "main_header": {
    "sid": 345643,
    "name": "Magna Electrocas",
    "stock_name": "Magna Electrocas",
    "full_name": "Magna Electro Castings Ltd",
    "name_url": "stocks-analysis/magna-electrocas",
    "exchange": 0,
    "exchangecode": "",
    "primexch": 0,
    "country_id": 34,
    "currency": "INR",
    "cmp": "1,009.00",
    "chg": -51,
    "chgp": "-4.81%",
    "dir": -1,
    "prev_price": "1,060.00",
    "mcapval": "427.02 Cr",
    "mcap": "Micro Cap",
    "scripcode": 517449,
    "symbol": "",
    "ind_name": "Castings & Forgings",
    "ind_code": 38,
    "sector_id": 8,
    "indexname": "India SENSEX",
    "isin": "INE437D01010",
    "curr_date": "Jun 04, 09:20 AM",
    "curr_time": "09:21 AM",
    "last_traded_at": "Jun 04, 09:20 AM IST",
    "bse_nse_vol": "226 ",
    "exc_status": "Active",
    "traded_date": "Jun 04, 2026",
    "traded_date_str": "2026 06 04",
    "score": "",
    "scoreText": "",
    "Live": 1,
    "market_time": 1,
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  "news": {
    "results": [
      {
        "title": "Are Magna Electro Castings Ltd latest results good or bad?",
        "link": "https://www.marketsmojo.com/news/result-analysis/are-magna-electro-castings-ltd-latest-results-good-or-bad-4023790",
        "imagepath": "",
        "date": "2026-05-30 19:43:48",
        "description": "The latest financial results for Magna Electro Castings Ltd for the quarter ending March 2026 indicate a complex operational landscape. The company reported net sales of ₹47.61 crores, reflecting a slight sequential decline of 0.77% compared to the previous quarter, while year-on-year sales growth was recorded at 4.61%. This modest revenue growth, however, is overshadowed by significant challenges in profitability metrics.\n\nNet profit for the quarter fell to ₹2.66 crores, marking a substantial decline of 44.87% quarter-on-quarter and 44.81% year-on-year. This decline in profitability is accompanied by a notable contraction in operating margins, which dropped to 13.76%, the lowest level in seven quarters. The profit after tax (PAT) margin also decreased to 5.59%, down from 7.82% in the previous quarter, indicating severe margin compression.\n\nThe operational challenges are further highlighted by rising employ..."
      },
      {
        "title": "Magna Electro Castings Q4 FY26: Profitability Concerns Cloud Revenue Growth",
        "link": "https://www.marketsmojo.com/news/result-analysis/magna-electro-castings-q4-fy26-profitability-concerns-cloud-revenue-growth-4022731",
        "imagepath": "https://i.marketsmojo.com/newsimg/2026/5/MagnaElectroCas_quaterlyResult_4022731.png",
        "date": "2026-05-29 22:18:05",
        "description": "Magna Electro Castings Ltd., a Coimbatore-based manufacturer of cast iron components, reported a concerning fourth quarter for FY26, with net profit plunging 44.87% quarter-on-quarter to ₹2.66 crores despite modest revenue growth. The micro-cap company, with a market capitalisation of ₹482.00 crores, saw its stock decline 5.00% to ₹1,139.00 in the trading session following the results announcement, reflecting investor disappointment with the sharp deterioration in profitability metrics."
      },
      {
        "title": "Magna Electro Castings Ltd is Rated Hold",
        "link": "https://www.marketsmojo.com/news/stock-recommendation/magna-electro-castings-ltd-is-rated-hold-4010368",
        "imagepath": "https://i.marketsmojo.com/newsimg/2026/5/MagnaElectroCas_mojoScore_4010368.png",
        "date": "2026-05-25 10:10:03",
        "description": "Magna Electro Castings Ltd is rated 'Hold' by MarketsMOJO, with this rating last updated on 13 May 2026. However, the analysis and financial metrics discussed here reflect the stock's current position as of 25 May 2026, providing investors with an up-to-date view of the company’s fundamentals, returns, and market performance."
      },
      {
        "title": "Magna Electro Castings Ltd Declines 1.61% Despite Technical Upgrade: 2 Key Factors Driving the Week",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/magna-electro-castings-ltd-declines-161-despite-technical-upgrade-2-key-factors-driving-the-week-3995170",
        "imagepath": "",
        "date": "2026-05-17 09:00:04",
        "description": "    <div class=\"article-news-new\">\n        <div class=\"article-container\">\n\n<div class=\"article-content\">\n                <div class=\"highlight-box\">\n                    <h3>Key Events This Week</h3>\n                    <p><strong>May 13:</strong> Golden Cross formation signalling potential bullish breakout</p>\n                    <p><strong>May 14:</strong> Upgrade to Hold rating by MarketsMOJO on technical and valuation improvements</p>\n                    <p><strong>May 15:</strong> Stock closes at Rs.1,179.75, up 1.21% on the day</p>\n                </div>\n\n                <div class=\"stats-row\">\n                    <div class=\"stat-item\"><div class=\"stat-label\">Week Open</div><div class=\"stat-value\">Rs.1,199.00</div></div>\n                    <div class=\"stat-item\"><div class=\"stat-label\">Week Close</div><div class=\"stat-value\">Rs.1,179.75</div><div class=\"stat-change negative\">-1.61%</div></div>\n     ..."
      },
      {
        "title": "Magna Electro Castings Ltd Upgraded to Hold on Technical and Valuation Improvements",
        "link": "https://www.marketsmojo.com/news/stock-recommendation/magna-electro-castings-ltd-upgraded-to-hold-on-technical-and-valuation-improvements-3990583",
        "imagepath": "https://i.marketsmojo.com/newsimg/2026/5/MagnaElectroCas_mojoScore_3990583.png",
        "date": "2026-05-14 08:12:35",
        "description": "Magna Electro Castings Ltd, a micro-cap player in the Castings & Forgings sector, has seen its investment rating upgraded from Sell to Hold, reflecting a nuanced improvement across technical indicators, valuation metrics, financial trends, and overall quality. Despite recent quarterly setbacks, the company’s long-term growth prospects and market-beating returns have underpinned this reassessment."
      },
      {
        "title": "Golden Cross Forms in Magna Electro Castings Ltd — Mixed Technical Signals Cloud the Outlook",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/magna-electro-castings-ltd-forms-golden-cross-signalling-potential-bullish-breakout-3989890",
        "imagepath": "https://i.marketsmojo.com/newsimg/2026/5/MagnaElectroCas_goldencross_3989890.png",
        "date": "2026-05-13 18:00:41",
        "description": "The 50-day moving average has crossed above the 200-day moving average for Magna Electro Castings Ltd, signalling a golden cross on 13 Jun 2026. However, the stock’s technical indicators present a mixed picture, with weekly momentum mostly positive but monthly signals showing caution. This divergence raises questions about the reliability of the crossover as a bullish signal in the current context."
      },
      {
        "title": "Magna Electro Castings Ltd Falls 0.41%: Technical and Financial Setbacks Shape the Week",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/magna-electro-castings-ltd-falls-041-technical-and-financial-setbacks-shape-the-week-3983866",
        "imagepath": "",
        "date": "2026-05-10 09:00:05",
        "description": "    <div class=\"article-news-new\">\n        <div class=\"article-container\">\n\n<div class=\"article-content\">\n                <div class=\"highlight-box\">\n                    <h3>Key Events This Week</h3>\n                    <p><strong>May 4:</strong> Downgrade to Sell rating announced</p>\n                    <p><strong>May 5:</strong> Stock price declined 1.36% amid technical shift</p>\n                    <p><strong>May 6:</strong> Minor decline despite Sensex rally</p>\n                    <p><strong>May 7:</strong> Modest recovery with 0.81% gain</p>\n                    <p><strong>May 8:</strong> Week closes at Rs.1,199.00 (-0.41%)</p>\n                </div>\n\n                <div class=\"stats-row\">\n                    <div class=\"stat-item\"><div class=\"stat-label\">Week Open</div><div class=\"stat-value\">Rs.1,203.90</div></div>\n                    <div class=\"stat-item\"><div class=\"stat-label\">Week Close</div><d..."
      },
      {
        "title": "Magna Electro Castings Ltd Downgraded to Sell Amid Technical and Financial Setbacks",
        "link": "https://www.marketsmojo.com/news/stock-recommendation/magna-electro-castings-ltd-downgraded-to-sell-amid-technical-and-financial-setbacks-3975195",
        "imagepath": "https://i.marketsmojo.com/newsimg/2026/5/MagnaElectroCas_mojoScore_3975195.png",
        "date": "2026-05-05 08:25:26",
        "description": "Magna Electro Castings Ltd, a micro-cap player in the Castings & Forgings sector, has seen its investment rating downgraded from Hold to Sell as of 4 May 2026. This shift reflects a combination of deteriorating technical indicators, disappointing quarterly financial results, and valuation concerns despite the company’s strong long-term returns and net-debt-free status."
      },
      {
        "title": "Magna Electro Castings Ltd Faces Mildly Bearish Technical Shift Amid Mixed Momentum Signals",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/magna-electro-castings-ltd-faces-mildly-bearish-technical-shift-amid-mixed-momentum-signals-3974714",
        "imagepath": "https://i.marketsmojo.com/newsimg/2026/5/MagnaElectroCas_technicaldot_3974714.png",
        "date": "2026-05-05 08:01:52",
        "description": "Magna Electro Castings Ltd, a micro-cap player in the Castings & Forgings sector, has experienced a notable shift in its technical momentum, transitioning from a mildly bullish to a mildly bearish trend. This change is underscored by a complex interplay of technical indicators including MACD, RSI, moving averages, and Bollinger Bands, reflecting a nuanced market sentiment as the stock price retreated 2.8% on 5 May 2026 to close at ₹1,203.90."
      }
    ],
    "total": 258,
    "sid": "345643",
    "stock_news_url": "https://www.marketsmojo.com/news/magna-electro-castings-345643"
  },
  "announcements": [
    {
      "caption": "Announcement under Regulation 30 (LODR)-Newspaper Publication",
      "datetime": "01-Jun-2026",
      "details": "Enclosed Newspaper publication regarding opening of Special Window for Transfer and Dematerialisation of physical securities.",
      "source": "BSE"
    },
    {
      "caption": "Compliances-Reg.24(A)-Annual Secretarial Compliance",
      "datetime": "30-May-2026",
      "details": "The Annual Secretarial Compliance Report for the financial year ended 31st March 2026 is enclosed.",
      "source": "BSE"
    },
    {
      "caption": "Announcement under Regulation 30 (LODR)-Newspaper Publication",
      "datetime": "29-May-2026",
      "details": "Please find enclosed newspaper publication regarding Financial results for the quarter and year ended 31st March 2026.",
      "source": "BSE"
    }
  ],
  "corporate_actions": [
    {
      "img": "board-meeting.svg",
      "title": "BOARD MEETING",
      "msg": "<span>No</span> Upcoming Board Meetings",
      "data": []
    },
    {
      "img": "dividend.svg",
      "title": "DIVIDEND",
      "msg": "",
      "data": [
        {
          "txt": "Magna Electro Castings Ltd has declared <strong>60%</strong> dividend, ex-date: 28 Aug 25",
          "dt": "2025-08-28",
          "middle_text": "Dividend Alert"
        }
      ]
    },
    {
      "img": "splits.svg",
      "title": "SPLITS",
      "msg": "No <strong>Splits</strong> history available",
      "data": []
    },
    {
      "img": "bonus.svg",
      "title": "BONUS",
      "msg": "No <strong>Bonus</strong> history available",
      "data": []
    },
    {
      "img": "rights-issues.svg",
      "title": "RIGHTS",
      "msg": "No <strong>Rights</strong> history available",
      "data": []
    }
  ]
}

News and Views

Are Magna Electro Castings Ltd latest results good or bad?

2026-05-30 19:43:48

The latest financial results for Magna Electro Castings Ltd for the quarter ending March 2026 indicate a complex operational landscape. The company reported net sales of ₹47.61 crores, reflecting a slight sequential decline of 0.77% compared to the previous quarter, while year-on-year sales growth was recorded at 4.61%. This modest revenue growth, however, is overshadowed by significant challenges in profitability metrics. Net profit for the quarter fell to ₹2.66 crores, marking a substantial decline of 44.87% quarter-on-quarter and 44.81% year-on-year. This decline in profitability is accompanied by a notable contraction in operating margins, which dropped to 13.76%, the lowest level in seven quarters. The profit after tax (PAT) margin also decreased to 5.59%, down from 7.82% in the previous quarter, indicating severe margin compression. The operational challenges are further highlighted by rising employ...

Read full news article

Magna Electro Castings Q4 FY26: Profitability Concerns Cloud Revenue Growth

2026-05-29 22:18:05

Magna Electro Castings Ltd., a Coimbatore-based manufacturer of cast iron components, reported a concerning fourth quarter for FY26, with net profit plunging 44.87% quarter-on-quarter to ₹2.66 crores despite modest revenue growth. The micro-cap company, with a market capitalisation of ₹482.00 crores, saw its stock decline 5.00% to ₹1,139.00 in the trading session following the results announcement, reflecting investor disappointment with the sharp deterioration in profitability metrics.

Read full news article

Magna Electro Castings Ltd is Rated Hold

2026-05-25 10:10:03

Magna Electro Castings Ltd is rated 'Hold' by MarketsMOJO, with this rating last updated on 13 May 2026. However, the analysis and financial metrics discussed here reflect the stock's current position as of 25 May 2026, providing investors with an up-to-date view of the company’s fundamentals, returns, and market performance.

Read full news article

Magna Electro Castings Ltd Declines 1.61% Despite Technical Upgrade: 2 Key Factors Driving the Week

2026-05-17 09:00:04

Key Events This Week

May 13: Golden Cross formation signalling potential bullish breakout

May 14: Upgrade to Hold rating by MarketsMOJO on technical and valuation improvements

May 15: Stock closes at Rs.1,179.75, up 1.21% on the day

Week Open

Rs.1,199.00

Week Close

Rs.1,179.75

-1.61%

...

Read full news article

Magna Electro Castings Ltd Upgraded to Hold on Technical and Valuation Improvements

2026-05-14 08:12:35

Magna Electro Castings Ltd, a micro-cap player in the Castings & Forgings sector, has seen its investment rating upgraded from Sell to Hold, reflecting a nuanced improvement across technical indicators, valuation metrics, financial trends, and overall quality. Despite recent quarterly setbacks, the company’s long-term growth prospects and market-beating returns have underpinned this reassessment.

Read full news article

Golden Cross Forms in Magna Electro Castings Ltd — Mixed Technical Signals Cloud the Outlook

2026-05-13 18:00:41

The 50-day moving average has crossed above the 200-day moving average for Magna Electro Castings Ltd, signalling a golden cross on 13 Jun 2026. However, the stock’s technical indicators present a mixed picture, with weekly momentum mostly positive but monthly signals showing caution. This divergence raises questions about the reliability of the crossover as a bullish signal in the current context.

Read full news article

Magna Electro Castings Ltd Falls 0.41%: Technical and Financial Setbacks Shape the Week

2026-05-10 09:00:05

Key Events This Week

May 4: Downgrade to Sell rating announced

May 5: Stock price declined 1.36% amid technical shift

May 6: Minor decline despite Sensex rally

May 7: Modest recovery with 0.81% gain

May 8: Week closes at Rs.1,199.00 (-0.41%)

Week Open

Rs.1,203.90

Week Close

Read full news article

Magna Electro Castings Ltd Downgraded to Sell Amid Technical and Financial Setbacks

2026-05-05 08:25:26

Magna Electro Castings Ltd, a micro-cap player in the Castings & Forgings sector, has seen its investment rating downgraded from Hold to Sell as of 4 May 2026. This shift reflects a combination of deteriorating technical indicators, disappointing quarterly financial results, and valuation concerns despite the company’s strong long-term returns and net-debt-free status.

Read full news article

Magna Electro Castings Ltd Faces Mildly Bearish Technical Shift Amid Mixed Momentum Signals

2026-05-05 08:01:52

Magna Electro Castings Ltd, a micro-cap player in the Castings & Forgings sector, has experienced a notable shift in its technical momentum, transitioning from a mildly bullish to a mildly bearish trend. This change is underscored by a complex interplay of technical indicators including MACD, RSI, moving averages, and Bollinger Bands, reflecting a nuanced market sentiment as the stock price retreated 2.8% on 5 May 2026 to close at ₹1,203.90.

Read full news article

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