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 ₹ 169 Cr.
- Current Price ₹ 154
- High / Low ₹ 239 / 144
- Stock P/E 16.6
- Book Value ₹ 72.7
- Dividend Yield 0.00 %
- ROCE 12.1 %
- ROE 13.5 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- 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 | 112 | |
| 14 | 13 | 21 | 26 | 26 | 27 | 31 | 32 | 32 | 49 | 80 | 77 | 94 | |
| Operating Profit | 1 | 2 | 3 | 4 | 5 | 5 | 5 | 9 | 8 | 16 | 20 | 17 | 17 |
| OPM % | 6% | 12% | 12% | 14% | 16% | 15% | 15% | 22% | 20% | 24% | 20% | 18% | 16% |
| 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 | 9.31 |
| 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: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 23% |
| 3 Years: | 25% |
| TTM: | -28% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 19% |
| 3 Years: | 20% |
| 1 Year: | -32% |
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.14 | 0.93 | 4 | 5 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves | 1 | 4 | 8 | 18 | 16 | 19 | 23 | 29 | 34 | 46 | 59 | 69 |
| 4 | 3 | 5 | 4 | 5 | 6 | 9 | 10 | 18 | 16 | 53 | 61 | |
| 3 | 1 | 2 | 2 | 2 | 2 | 5 | 4 | 3 | 3 | 6 | 13 | |
| Total Liabilities | 8 | 9 | 19 | 30 | 35 | 38 | 48 | 54 | 67 | 76 | 129 | 154 |
| 1 | 2 | 3 | 3 | 11 | 15 | 23 | 23 | 25 | 25 | 49 | 49 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 5 | 6 | 7 | 9 | 18 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 |
| 7 | 6 | 16 | 27 | 24 | 23 | 23 | 26 | 35 | 44 | 69 | 85 | |
| Total Assets | 8 | 9 | 19 | 30 | 35 | 38 | 48 | 54 | 67 | 76 | 129 | 154 |
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
-
Board Meeting Intimation for Consideration And Adoption Of Unaudited Financial Statements For Quarter Ended 30/09/2025
3h - Board meeting 12 Nov 2025 to approve unaudited Q2 results (30 Sep 2025); trading window opens 48hrs after declaration.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 15 Oct
-
Announcement under Regulation 30 (LODR)-Change in Management
1 Oct - Mangalam Seeds AGM 29 Sep 2025: MD reappointed three-year term; several independent directors regularised; secretarial auditor appointed Apr 2025–Mar 2030.
-
APPOINTMENT OF M/S PITRODA NAYAN & CO., PRACTISING COMPANY SECRETARIES AS SECRETARIAL AUDITORS OF COMPANY
1 Oct - Appointed M/s Pitroda Nayan & Co as secretarial auditor for 2025-26 to 2029-30.
-
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
1 Oct - AGM on 29 Sep 2025: 7 of 8 resolutions passed; one rejected.
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.