Mangalam Alloys Ltd
Incorporated in 1988, Mangalam Alloys Ltd manufactures and distributes high quality Stainless Steel products[1]
- Market Cap ₹ 152 Cr.
- Current Price ₹ 61.6
- High / Low ₹ 61.6 / 26.2
- Stock P/E 11.4
- Book Value ₹ 58.0
- Dividend Yield 0.00 %
- ROCE 15.6 %
- ROE 9.62 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.06 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 4.52% over past five years.
- Company has a low return on equity of 9.68% over last 3 years.
* 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.
Peer comparison
Industrials Capital Goods Industrial Products Iron & Steel Products
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
269 | 359 | 346 | 271 | 309 | 303 | 304 | 431 | |
242 | 325 | 318 | 258 | 280 | 269 | 270 | 379 | |
Operating Profit | 26 | 34 | 28 | 13 | 28 | 33 | 34 | 53 |
OPM % | 10% | 10% | 8% | 5% | 9% | 11% | 11% | 12% |
2 | 0 | 1 | 1 | 0 | 5 | 1 | 2 | |
Interest | 10 | 12 | 13 | 15 | 14 | 19 | 20 | 26 |
Depreciation | 6 | 6 | 7 | 8 | 8 | 7 | 7 | 8 |
Profit before tax | 12 | 17 | 8 | -9 | 6 | 13 | 8 | 21 |
Tax % | 26% | 25% | 19% | -28% | 17% | 22% | -43% | 37% |
9 | 12 | 7 | -7 | 5 | 10 | 11 | 13 | |
EPS in Rs | 5.09 | 7.01 | 3.68 | -3.52 | 2.72 | 5.46 | 4.65 | 5.41 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 5% |
3 Years: | 12% |
TTM: | 42% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 16% |
3 Years: | 38% |
TTM: | 16% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 53% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 6% |
3 Years: | 10% |
Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 18 | 18 | 18 | 19 | 19 | 19 | 25 | 25 |
Reserves | 32 | 44 | 50 | 45 | 50 | 60 | 110 | 118 |
116 | 143 | 151 | 168 | 164 | 154 | 151 | 178 | |
60 | 80 | 107 | 81 | 68 | 99 | 105 | 139 | |
Total Liabilities | 225 | 285 | 326 | 312 | 301 | 332 | 390 | 460 |
50 | 71 | 83 | 78 | 82 | 77 | 96 | 90 | |
CWIP | 14 | 0 | 0 | 0 | 0 | 6 | 0 | 0 |
Investments | 19 | 19 | 19 | 19 | 19 | 0 | 0 | 0 |
142 | 195 | 223 | 215 | 199 | 248 | 295 | 369 | |
Total Assets | 225 | 285 | 326 | 312 | 301 | 332 | 390 | 460 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
9 | -0 | 12 | 5 | 31 | 13 | 9 | 1 | |
-19 | -13 | -20 | -2 | -12 | 17 | -18 | -1 | |
10 | 13 | 8 | -3 | -18 | -29 | 10 | 1 | |
Net Cash Flow | 0 | -0 | 0 | -0 | -0 | -0 | 0 | 1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
Debtor Days | 80 | 77 | 80 | 80 | 69 | 110 | 107 | 95 |
Inventory Days | 134 | 155 | 171 | 240 | 199 | 220 | 244 | 213 |
Days Payable | 103 | 106 | 119 | 124 | 91 | 140 | 159 | 133 |
Cash Conversion Cycle | 111 | 126 | 131 | 196 | 177 | 190 | 191 | 174 |
Working Capital Days | 114 | 104 | 125 | 190 | 163 | 189 | 226 | 200 |
ROCE % | 15% | 10% | 2% | 9% | 11% | 11% | 16% |
Documents
Announcements
-
Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
30 May 2025 - MANGALAM ALLOYS LIMITED has informed about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
-
Updates
30 May 2025 - Appointment of M/s. KVM & Co. as Cost Auditor for FY 2024-25 with immediate effect.
-
Statement of deviation(s) or variation(s) under Reg. 32
30 May 2025 - Mangalam Alloys reports no deviation in utilization of Rs. 54.91 Cr IPO funds as of March 31, 2025.
-
Outcome of Board Meeting
30 May 2025 - Mangalam Alloys approved audited FY25 results with unmodified opinion; appointed cost auditor; disclosed IPO fund utilization.
-
Outcome of Board Meeting
30 May 2025 - Mangalam Alloys approved audited FY25 results with unmodified opinion; appointed cost auditor; disclosed IPO fund utilization.
Business Overview:[1][2][3]
a) MAL is the flagship company of Unison Metal Limited group
b) It is an ISO 9001:2015 and PED certified, and also recognized as Two Star Export House by DGFT, India.
c) Company manufactures various types of Steel products in 15+ international grades and in size range from 3mm to 400mm Black Round Bars, SS RCS, Forging, Hexagonal and Square, Bars, Steel Ignots, Bright Round Bar, Fasteners, Flat Bars, and Angle Bars
d) Their business model is B2B including Oil and Gas, Pump Sector, Engineering Sector