Microcap stock receives ₹92 Cr order from Govt of Punjab; Shares jump over 8%

Synopsis: Shares of Mach Conferences & Events jumped sharply after it secured a Rs 92 crore contract from the Punjab Government for the CM’s Tirth Yatra scheme, handling the pilgrimage for around 1.85 lakh yatris. 

The shares of this company, engaged in organising corporate conferences, training programs, and incentive events, are in focus after it secured a notable order from the government of Punjab. In this article, we will dive much deeper into the details of this order.

With a market capitalisation of Rs 243 crore, the shares of Mach Conferences & Events Ltd. made a day high of Rs 119 per share, up 8.5 percent from its previous day’s closing price of Rs 109.70 per share. Post its listing on the stock exchange in September 2024, the stock has crashed nearly 60 percent.

About the order

Mach Conferences and Events Limited, through a stock exchange filing, announced that it has secured an order worth Rs 92 crore from the Punjab government as part of the Chief Minister’s Tirth Yatra initiative. 

The company is in charge of everything for a two-night, three-day pilgrimage, with about 1.85 lakh people travelling from Mohali and nearby areas to the Golden Temple in Amritsar.

That means they’ll handle logistics, places to stay, transport, and all the food and drinks, making sure everyone has a smooth, respectful trip. The whole project will roll out over the next six months. Mach will recognise revenue from this deal in FY26 and the year after. 

This contract is a big win for Mach Conferences. They only started working with the government about four months ago, and this is already their third government project.

It says a lot about how well they execute, how solid they are on compliance, and how quickly they can scale up. The management sees real potential in the government sector. They expect it to become a steady source of revenue and help boost margins by making better use of resources and building lasting relationships with institutions.

Mach Conferences’ revenue for H1 FY26 came in at Rs 97 crore, down by 18 percent from Rs 119 crore in H1 FY25. Additionally, on a sequential basis, revenue declined by 16 percent from Rs 116 crore in the second half of FY25. 

Coming to its profitability, the company reported a net profit decline of 11 percent to  Rs 8 crore in H1 FY26 as compared to Rs 9 crore in H1 FY25. However, on a QoQ basis, it recorded a profit growth of 33 percent from Rs 6 crore.

Coming down to its other important metrics, it reported 156 total events in FY25, which is a sharp growth of 73 percent from its previous quarter figure of 90. However, despite a significant growth in the number of events, it reported a 43 percent decline in Average revenue generated per event to Rs 1.51 crore in FY25 from Rs 2.64 crore in FY24. As of H1 FY26, the company has already held 105 event of which it generated an average revenue per event of Rs 92.46 lakh.

Mach Conferences and Events stands out in the MICE (Meetings, Incentives, Conferences, and Events) industry. With more than 20 years of experience, they’ve pulled off over 300 events in just the last three years, big names, big venues, not only across India but in other countries too.

Their team knows the business inside out. They have the credentials to back it up, and when it comes to managing complicated, large-scale events from start to finish, they always deliver. People trust Mach because they get it right, every time.

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