Mangalam Seeds Ltd
Incorporated in 2011, Mangalam Seeds Ltd
is in the business of production, processing and marketing of Hybrid and GM seeds[1]
- Market Cap ₹ 161 Cr.
- Current Price ₹ 147
- High / Low ₹ 239 / 142
- Stock P/E 15.4
- Book Value ₹ 77.9
- Dividend Yield 0.00 %
- ROCE 12.1 %
- ROE 13.5 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 22.9% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 15 | 15 | 24 | 30 | 30 | 32 | 36 | 41 | 40 | 65 | 100 | 94 | 107 | |
| 14 | 13 | 21 | 26 | 26 | 27 | 31 | 32 | 32 | 49 | 80 | 77 | 89 | |
| Operating Profit | 1 | 2 | 3 | 4 | 5 | 5 | 5 | 9 | 8 | 16 | 20 | 17 | 18 |
| OPM % | 6% | 12% | 12% | 14% | 16% | 15% | 15% | 22% | 20% | 24% | 20% | 18% | 17% |
| 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest | 1 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 4 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 0 | 1 | 2 | 3 | 4 | 4 | 4 | 7 | 6 | 13 | 16 | 12 | 13 |
| Tax % | 33% | 6% | 5% | 8% | 9% | 8% | 9% | 14% | 16% | 17% | 17% | 18% | |
| 0 | 1 | 2 | 3 | 3 | 3 | 4 | 6 | 5 | 11 | 13 | 10 | 10 | |
| EPS in Rs | 4.00 | 6.05 | 2.53 | 2.84 | 3.04 | 3.07 | 3.29 | 5.60 | 4.67 | 10.09 | 12.00 | 9.21 | 9.56 |
| Dividend Payout % | 0% | 0% | 20% | 18% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 21% |
| 3 Years: | 33% |
| TTM: | -4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 23% |
| 3 Years: | 25% |
| TTM: | -17% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 16% |
| 3 Years: | 7% |
| 1 Year: | -29% |
| Return on Equity | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 17% |
| 3 Years: | 18% |
| Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.14 | 0.93 | 4 | 5 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves | 1 | 4 | 8 | 18 | 16 | 19 | 23 | 29 | 34 | 46 | 59 | 69 | 75 |
| 4 | 3 | 5 | 4 | 5 | 6 | 9 | 10 | 18 | 16 | 53 | 61 | 54 | |
| 3 | 1 | 2 | 2 | 2 | 2 | 5 | 4 | 3 | 3 | 6 | 13 | 20 | |
| Total Liabilities | 8 | 9 | 19 | 30 | 35 | 38 | 48 | 54 | 67 | 76 | 129 | 154 | 160 |
| 1 | 2 | 3 | 3 | 11 | 15 | 23 | 23 | 25 | 25 | 49 | 49 | 44 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 5 | 6 | 7 | 9 | 18 | 11 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 2 |
| 7 | 6 | 16 | 27 | 24 | 23 | 23 | 26 | 35 | 44 | 69 | 85 | 102 | |
| Total Assets | 8 | 9 | 19 | 30 | 35 | 38 | 48 | 54 | 67 | 76 | 129 | 154 | 160 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | -0 | -3 | -4 | 5 | 3 | 8 | 8 | -0 | 6 | -1 | -0 | |
| -0 | -2 | -4 | -2 | -7 | -3 | -9 | -7 | -4 | -2 | -30 | -9 | |
| 0 | 1 | 8 | 7 | 0 | -0 | 1 | -0 | 7 | -3 | 34 | 4 | |
| Net Cash Flow | 1 | -1 | 1 | 1 | -2 | 0 | -0 | 0 | 2 | 1 | 3 | -5 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 32 | 44 | 72 | 146 | 121 | 101 | 101 | 93 | 94 | 87 | 59 | 81 |
| Inventory Days | 161 | 99 | 133 | 127 | 428 | 531 | 351 | 136 | 261 | 193 | 196 | 308 |
| Days Payable | 78 | 7 | 7 | 16 | 49 | 14 | 59 | 11 | 8 | 2 | 8 | 8 |
| Cash Conversion Cycle | 115 | 136 | 198 | 257 | 499 | 619 | 392 | 218 | 347 | 278 | 248 | 381 |
| Working Capital Days | -0 | 44 | 126 | 225 | 191 | 174 | 121 | 144 | 163 | 144 | 78 | 121 |
| ROCE % | 12% | 24% | 21% | 17% | 14% | 13% | 12% | 17% | 13% | 22% | 19% | 12% |
Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
5 Jan - Compliance Certificate under regulation 74(5) of SEBI (DP) Regulations 2018 for Quarter Ended 31st December 2025
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
5 Jan - Submersion of Certificate under Regulation 74(5) for Quarter Ended 31st December 2025
-
Closure of Trading Window
20 Dec - Trading window closed from Jan 1, 2026 until 48 hours after unaudited results for period ended Dec 31, 2025.
-
Board Meeting Outcome for Comments Of Board
20 Dec - Non-compliance with Reg 18(1) for quarter ending 30 Sep 2025; Audit Committee reconstituted 23 Jul 2025.
-
Results- Financial Results For Quarter Ended 30Th September 2025
13 Nov 2025 - Board approved unaudited Q2 results: consolidated revenue ₹1,833.32L, profit ₹179.00L (30 Sep 2025).
Business Overview:[1]
MSL is a sustainable agriculture ISO 9001 certified company which delivers agricultural products. It produces and delivers high quality disease, pest and drought tolerant hybrid seeds
seeds with specialization in forage crops, and which are adaptable to different agro-climatic conditions.