Mangalam Alloys Ltd

Mangalam Alloys Ltd

₹ 42.5 -6.59%
29 Apr - close price
About

Incorporated in 1988, Mangalam Alloys Limited is a manufacturer of stainless-steel-based products.[1]

Key Points

Product Portfolio[1] The company manufactures SS Ingots, SS Black Bar, SS RCS, SS Bright Round Bar, Bright Hex Bar, Bright Square Bar, Angle, Patti, Forgings, and Fasteners in 30+ grades, in the sizes ranging from 3 mm to 400 mm.

  • Market Cap 105 Cr.
  • Current Price 42.5
  • High / Low 80.0 / 32.6
  • Stock P/E 15.0
  • Book Value
  • Dividend Yield 0.00 %
  • ROCE 11.5 %
  • ROE 9.45 %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 2.42% over past five years.
  • Company has a low return on equity of 2.47% over last 3 years.
  • Debtor days have increased from 86.4 to 110 days.

* 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

Sector: Steel Industry: Steel - Medium / Small

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Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Sep 2023
100 140
89 120
Operating Profit 12 20
OPM % 12% 14%
1 0
Interest 7 9
Depreciation 4 3
Profit before tax 2 8
Tax % 0% 28%
2 6
EPS in Rs 0.91 2.43
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
269 359 346 271 309 303
242 325 318 258 280 269
Operating Profit 26 34 28 13 28 33
OPM % 10% 10% 8% 5% 9% 11%
2 0 1 1 0 5
Interest 10 12 13 15 14 19
Depreciation 6 6 7 8 8 7
Profit before tax 12 17 8 -9 6 13
Tax % 26% 25% 19% 28% 17% 22%
9 12 7 -7 5 10
EPS in Rs 5.09 7.01 3.68 -3.52 2.72 5.46
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 2%
3 Years: -4%
TTM: -2%
Compounded Profit Growth
10 Years: %
5 Years: -4%
3 Years: 3%
TTM: 38%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 7%
3 Years: 2%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 18 18 18 19 19 19 25
Reserves 32 44 50 45 50 60 109
116 143 151 168 164 154 142
60 80 107 81 68 99 115
Total Liabilities 225 285 326 312 301 332 391
50 71 83 78 82 77 80
CWIP 14 0 0 0 0 6 0
Investments 19 19 19 19 19 0 0
142 195 223 215 199 248 311
Total Assets 225 285 326 312 301 332 391

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
9 -0 12 5 31 13
-19 -13 -20 -2 -12 17
10 13 8 -3 -18 -29
Net Cash Flow 0 -0 0 -0 -0 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 80 77 80 80 69 110
Inventory Days 134 155 171 240 199 220
Days Payable 103 106 119 124 91 140
Cash Conversion Cycle 111 126 131 196 177 190
Working Capital Days 114 104 125 190 163 189
ROCE % 15% 10% 2% 9% 11%

Shareholding Pattern

Numbers in percentages

Sep 2023Oct 2023Mar 2024
59.74% 59.74% 59.74%
0.01% 0.01% 0.00%
40.25% 40.25% 40.26%
No. of Shareholders 3,7423,7422,435

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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