Mangalam Organics Ltd

About

Mangalam Organics Ltd is engaged in the business of manufacturing of Camphor, Resin and Sodium Acetate.

  • Market Cap 559 Cr.
  • Current Price 652
  • High / Low 875 / 360
  • Stock P/E 6.15
  • Book Value 294
  • Dividend Yield 0.23 %
  • ROCE 49.7 %
  • ROE 40.5 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 59.25% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 47.73%

Cons

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
109 121 106 91 121 81 82 49 86 108 96 106
89 77 79 72 94 67 56 36 63 63 49 82
Operating Profit 20 44 28 19 27 14 26 13 23 44 47 23
OPM % 18% 36% 26% 21% 22% 17% 32% 26% 26% 41% 49% 22%
Other Income 6 -5 2 1 1 -5 -6 0 0 0 0 0
Interest 1 1 1 2 2 1 1 0 0 0 0 0
Depreciation 1 1 2 2 2 2 3 2 4 4 4 3
Profit before tax 24 36 27 17 24 5 16 10 19 40 43 20
Tax % 21% 28% 41% 12% 33% 28% 21% 24% 25% 26% 27% 26%
Net Profit 19 26 16 15 16 4 13 8 14 30 32 15
EPS in Rs 21.68 30.67 18.39 17.58 18.99 4.40 15.00 9.14 16.73 34.78 37.12 17.50

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
146 190 220 210 231 239 169 176 241 425 375 338 395
131 169 207 196 213 223 196 164 216 316 288 210 258
Operating Profit 15 21 13 14 19 15 -27 12 25 109 86 128 137
OPM % 10% 11% 6% 6% 8% 6% -16% 7% 10% 26% 23% 38% 35%
Other Income 1 2 1 2 1 4 31 1 1 3 -9 1 1
Interest 2 4 7 6 8 6 6 4 3 4 5 1 1
Depreciation 3 4 4 4 5 6 5 5 6 6 9 14 15
Profit before tax 11 15 3 5 7 7 -7 3 18 102 63 114 123
Tax % 35% 36% -3% 29% 33% 39% -41% -63% 21% 28% 24% 26%
Net Profit 7 10 3 3 5 4 -10 5 14 73 48 85 91
EPS in Rs 10.66 3.70 3.84 5.28 4.64 -11.42 5.34 15.97 84.84 55.98 99.21 106.13
Dividend Payout % 12% 9% -0% -0% -0% -0% -0% -0% 6% 1% 2% 2%
Compounded Sales Growth
10 Years:6%
5 Years:15%
3 Years:12%
TTM:19%
Compounded Profit Growth
10 Years:25%
5 Years:59%
3 Years:80%
TTM:88%
Stock Price CAGR
10 Years:36%
5 Years:74%
3 Years:16%
1 Year:34%
Return on Equity
10 Years:31%
5 Years:43%
3 Years:48%
Last Year:41%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
9 9 9 9 9 9 9 9 9 9 9 9
Reserves 23 31 34 37 42 43 33 38 52 113 159 243
Borrowings 12 31 51 39 55 70 64 50 40 50 20 24
41 66 51 55 52 43 37 28 28 22 27 35
Total Liabilities 85 138 145 141 158 166 143 125 129 193 215 311
37 42 44 50 50 48 35 32 33 51 102 121
CWIP 1 1 4 1 -0 -0 -0 0 1 4 3 -0
Investments -0 -0 -0 -0 -0 -0 -0 -0 1 -0 -0 0
47 94 98 89 108 118 108 93 95 138 110 191
Total Assets 85 138 145 141 158 166 143 125 129 193 215 311

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
14 -7 -4 27 -5 -0 12 21 25 29 93 26
-10 -9 -7 -9 -3 -8 -2 -2 -7 -27 -59 -28
-1 14 12 -18 8 9 -12 -18 -13 -6 -36 2
Net Cash Flow 4 -2 1 0 0 1 -2 1 5 -4 -2 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 36 36 46 48 54 33 26 36 36 32 31 37
Inventory Days 54 143 112 97 110 128 105 111 72 99 113 314
Days Payable 80 112 75 72 65 47 44 46 39 20 20 71
Cash Conversion Cycle 10 66 83 72 98 114 87 100 69 111 124 280
Working Capital Days 16 51 76 57 92 116 166 128 81 100 83 137
ROCE % 31% 32% 12% 12% 16% 11% -1% 7% 21% 77% 44% 50%

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
49.58 49.58 49.91 50.01 51.87 51.87 54.91 54.91 54.91 54.91 54.91 54.91
0.00 0.14 0.14 0.14 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.06
0.00 0.02 0.06 0.06 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00
50.42 50.26 49.89 49.80 48.13 48.12 45.09 45.09 45.09 45.09 45.09 45.03

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