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India’s CNC Boom Puts Jyoti and Macpower Stocks to Watch

India’s CNC Boom Puts Jyoti and Macpower Stocks to Watch
India’s defence boom has a Rs 33,600-cr machine-tool story. 2 stocks to watch · financialexpress.com

CNC machines are computer-controlled tools that make very precise metal parts.

These parts are used in aircraft, missiles, engines, vehicles and other defence equipment.

India is trying to manufacture more aerospace and defence products inside the country.

This could increase demand for advanced CNC machines.

Jyoti CNC Automation is the larger of the two companies discussed and has a bigger aerospace and defence order book.

Macpower CNC Machines is expanding its defence business and focusing more on expensive, specialized machines.

Both companies are increasing production capacity to meet possible future demand.

However, investors still need to watch whether new capacity and bids actually become sales, and whether the companies’ high valuations are justified.

Key facts

Projected machine-tool market
US$1.8 billion to US$3.5 billion, approximately ₹33,600 crore, by 2034
Jyoti CNC order book
₹4,848 crore as of 30 June 2026
Jyoti CNC capacity
Expected to rise from 6,000 to 16,000 machines annually in India
Macpower order book
₹456 crore as of 30 June 2026
Macpower active bids
₹1,042.9 crore, including ₹304 crore in defence and aerospace
Q1FY27 revenue growth
Jyoti CNC: 24% year-on-year; Macpower: 56.1% year-on-year
Key risks
Capacity execution, conversion of bids into orders, premium valuations and the Huron investigation involving Jyoti CNC

Sources

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