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 ₹ 168 Cr.
- Current Price ₹ 153
- High / Low ₹ 239 / 143
- Stock P/E 16.2
- Book Value ₹ 78.0
- Dividend Yield 0.00 %
- ROCE 12.2 %
- ROE 13.8 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 22.4% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 15 | 24 | 30 | 30 | 32 | 40 | 41 | 41 | 65 | 112 | 103 | 116 | |
| 13 | 21 | 26 | 26 | 28 | 35 | 32 | 33 | 49 | 92 | 85 | 98 | |
| Operating Profit | 2 | 3 | 4 | 5 | 5 | 6 | 9 | 8 | 16 | 21 | 18 | 19 |
| OPM % | 12% | 12% | 14% | 16% | 15% | 14% | 22% | 20% | 25% | 18% | 17% | 16% |
| -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 4 | 4 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 2 | 2 |
| Profit before tax | 1 | 2 | 3 | 4 | 4 | 4 | 7 | 6 | 13 | 16 | 12 | 13 |
| Tax % | 6% | 5% | 8% | 9% | 8% | 10% | 14% | 16% | 17% | 17% | 18% | |
| 1 | 2 | 3 | 3 | 3 | 4 | 6 | 5 | 11 | 13 | 10 | 10 | |
| EPS in Rs | 6.05 | 2.51 | 2.82 | 3.02 | 3.05 | 3.42 | 5.59 | 4.71 | 10.08 | 12.00 | 9.37 | 9.46 |
| Dividend Payout % | 0% | 20% | 18% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | 21% |
| 3 Years: | 36% |
| TTM: | -9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 22% |
| 3 Years: | 26% |
| TTM: | -19% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 16% |
| 3 Years: | 20% |
| 1 Year: | -27% |
| Return on Equity | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 17% |
| 3 Years: | 18% |
| Last Year: | 14% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 0.93 | 4 | 5 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves | 4 | 8 | 18 | 16 | 19 | 23 | 29 | 34 | 46 | 59 | 69 | 75 |
| 3 | 5 | 5 | 5 | 6 | 9 | 10 | 18 | 18 | 57 | 65 | 58 | |
| 1 | 2 | 2 | 3 | 2 | 5 | 4 | 4 | 4 | 8 | 16 | 24 | |
| Total Liabilities | 9 | 19 | 30 | 35 | 38 | 48 | 54 | 67 | 78 | 135 | 161 | 167 |
| 2 | 3 | 3 | 11 | 15 | 23 | 23 | 25 | 27 | 54 | 53 | 49 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 2 | 5 | 8 | 7 | 9 | 18 | 11 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| 6 | 16 | 27 | 24 | 23 | 23 | 26 | 34 | 44 | 71 | 90 | 107 | |
| Total Assets | 9 | 19 | 30 | 35 | 38 | 48 | 54 | 67 | 78 | 135 | 161 | 167 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| -0 | -3 | -4 | 5 | 5 | 7 | 8 | -2 | 5 | -1 | -0 | |
| -2 | -3 | -3 | -7 | -4 | -8 | -7 | -3 | -2 | -32 | -9 | |
| 1 | 8 | 7 | 0 | -0 | 1 | -0 | 7 | -2 | 36 | 4 | |
| Net Cash Flow | -1 | 1 | 0 | -2 | 0 | -1 | 0 | 2 | 1 | 3 | -6 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 44 | 72 | 145 | 120 | 89 | 91 | 95 | 94 | 87 | 58 | 80 |
| Inventory Days | 99 | 133 | 131 | 438 | 538 | 355 | 137 | 260 | 195 | 178 | 291 |
| Days Payable | 7 | 10 | 18 | 54 | 21 | 67 | 12 | 10 | 3 | 10 | 14 |
| Cash Conversion Cycle | 136 | 195 | 258 | 504 | 607 | 379 | 219 | 343 | 279 | 226 | 357 |
| Working Capital Days | 44 | 121 | 225 | 190 | 170 | 110 | 142 | 140 | 134 | 68 | 110 |
| ROCE % | 20% | 17% | 14% | 13% | 13% | 17% | 13% | 22% | 19% | 12% |
Documents
Announcements
-
Results- Financial Results For Quarter Ended 30Th September 2025
13 Nov - Board approved unaudited Q2 results: consolidated revenue ₹1,833.32L, profit ₹179.00L (30 Sep 2025).
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
13 Nov - Publication of unaudited Financial Statements for Quarter Ended September 2025
-
Board Meeting Outcome for Approval Of Financial Results For Quarter And Year Ended 30Th September 2025
12 Nov - Board approved unaudited results for quarter ended Sep 30, 2025; consolidated H1 revenue ₹6,749.61 lakh; H1 PAT ₹568.28 lakh.
-
Board Meeting Intimation for Consideration And Adoption Of Unaudited Financial Statements For Quarter Ended 30/09/2025
7 Nov - 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
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.