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 ₹ 144 Cr.
- Current Price ₹ 131
- High / Low ₹ 200 / 126
- Stock P/E 13.9
- 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 | 108 | |
| 14 | 13 | 21 | 26 | 26 | 27 | 31 | 32 | 32 | 49 | 80 | 77 | 90 | |
| 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 | 9.39 |
| 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: | 22% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 23% |
| 3 Years: | 25% |
| TTM: | 14% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 13% |
| 3 Years: | -9% |
| 1 Year: | -23% |
| 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% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Research Farm Size Acres |
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| Number of Dealers and Retailers Count |
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| Number of Distributors Count |
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| Number of Product Brands Count |
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| Number of Developed Seed Varieties Count |
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| R&D Expenditure (Percentage of Turnover) % |
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Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
11 Feb - Newspaper Publication for Unaudited Financial Statements for Quarter Ended 31.12.2025
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Board Meeting Outcome for Unaudited Financial Results For Quarter Ended 31/12/2025
10 Feb - Board approved unaudited Q3 (31 Dec 2025): consolidated revenue Rs 2,888.25 lakh; PBT Rs 165.72 lakh.
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Results- Quarter Ended 31/12/2025
10 Feb - Unaudited Q3 (31 Dec 2025) results: revenue Rs2,637.24 lakh; PBT Rs169.68 lakh; Board approved.
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Board Meeting Intimation for To Consider And Approve Unaudited Financial Results Of The Company For The Quarter Ended On 31St December, 2025
5 Feb - Board meeting 10 Feb 2026 to approve unaudited results for quarter ended 31 Dec 2025; trading window reopens 48 hours.
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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
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.