Mcon Rasayan India Limited — Investor Meet, 19-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

MCON Rasayan reported H1FY26 revenue up 32% to Rs 28.4 Cr, with EBITDA at Rs 3.3 Cr (11.7% margin) and PAT at Rs 1.2 Cr. Management is confident of achieving a Rs 70+ Cr revenue run rate for FY26, targeting over 50% YoY growth and double-digit ROE next year after crossing the Rs 100 Cr mark. Expansion through the FOCO model aims to boost margins by 3-4% via logistics savings. Focus is on high-margin products and strengthening institutional sales. Working capital remains stretched due to rapid expansion and government projects but is expected to normalize in 6-8 months with active inventory and credit control efforts. The outlook for H2 is positive.