Mangalam Alloys Ltd
Incorporated in 1988, Mangalam Alloys Ltd manufactures and distributes high quality Stainless Steel products[1]
- Market Cap ₹ 81.0 Cr.
- Current Price ₹ 32.8
- High / Low ₹ 58.0 / 29.0
- Stock P/E 5.52
- Book Value ₹ 63.9
- Dividend Yield 0.00 %
- ROCE 11.9 %
- ROE 9.75 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.51 times its book value
- Company has delivered good profit growth of 32.7% CAGR over last 5 years
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 10.1% over past five years.
- Company has a low return on equity of 10.0% over last 3 years.
- Promoters have pledged 54.2% of their holding.
* 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
Part of Nifty SME Emerge
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 269 | 359 | 346 | 271 | 309 | 303 | 304 | 431 | 438 | |
| 242 | 325 | 316 | 258 | 280 | 269 | 270 | 378 | 383 | |
| Operating Profit | 26 | 34 | 30 | 13 | 28 | 33 | 34 | 53 | 55 |
| OPM % | 10% | 10% | 9% | 4.8% | 9% | 11% | 11% | 12% | 12% |
| 2 | 0 | 0 | 1 | 0 | 5 | 1 | 2 | 3 | |
| Interest | 10 | 12 | 15 | 15 | 14 | 19 | 20 | 26 | 30 |
| Depreciation | 6 | 6 | 7 | 8 | 8 | 7 | 7 | 8 | 8 |
| Profit before tax | 12 | 17 | 8 | -9 | 6 | 13 | 8 | 21 | 20 |
| Tax % | 26% | 25% | 19% | -28% | 17% | 22% | -43% | 37% | 28% |
| 9 | 12 | 7 | -7 | 5 | 10 | 11 | 13 | 15 | |
| EPS in Rs | 5.09 | 7.01 | 3.68 | -3.52 | 2.72 | 5.46 | 4.65 | 5.38 | 5.95 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 13% |
| TTM: | 2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 33% |
| 3 Years: | 34% |
| TTM: | 11% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -14% |
| 1 Year: | -30% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 18 | 18 | 18 | 19 | 19 | 19 | 25 | 25 | 25 |
| Reserves | 32 | 44 | 50 | 45 | 50 | 60 | 105 | 118 | 133 |
| 116 | 143 | 151 | 168 | 164 | 154 | 151 | 252 | 296 | |
| 60 | 80 | 107 | 81 | 68 | 99 | 110 | 65 | 80 | |
| Total Liabilities | 225 | 285 | 326 | 312 | 301 | 332 | 390 | 460 | 534 |
| 50 | 71 | 83 | 78 | 82 | 77 | 96 | 90 | 85 | |
| CWIP | 14 | 0 | 0 | 0 | 0 | 6 | 0 | 0 | 11 |
| Investments | 19 | 19 | 19 | 19 | 19 | 0 | 0 | 0 | 0 |
| 142 | 195 | 223 | 215 | 199 | 248 | 295 | 370 | 438 | |
| Total Assets | 225 | 285 | 326 | 312 | 301 | 332 | 390 | 460 | 534 |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 9 | -0 | 12 | 5 | 31 | 13 | 9 | 1 | -4 | |
| -19 | -13 | -20 | -2 | -12 | 17 | -18 | -1 | -11 | |
| 10 | 13 | 8 | -3 | -18 | -29 | 10 | 1 | 14 | |
| Net Cash Flow | 0 | -0 | 0 | -0 | -0 | -0 | 0 | 1 | -1 |
| Free Cash Flow | -10 | -13 | -8 | 3 | 18 | 5 | -11 | -1 | -17 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 41% | 7% | 50% | 45% | 108% | 41% | 25% | 12% | 4% |
Ratios
Standalone / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 80 | 77 | 80 | 80 | 69 | 110 | 107 | 95 | 83 |
| Inventory Days | 134 | 155 | 188 | 240 | 199 | 220 | 244 | 213 | 268 |
| Days Payable | 103 | 106 | 131 | 124 | 91 | 140 | 159 | 50 | 60 |
| Cash Conversion Cycle | 111 | 126 | 137 | 196 | 177 | 190 | 191 | 258 | 291 |
| Working Capital Days | 114 | 27 | 29 | 55 | 49 | 73 | 108 | 90 | 142 |
| ROCE % | 15% | 11% | 2% | 9% | 11% | 11% | 14% | 12% |
Insights
In beta| Sep 2015 | Oct 2020 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Installed Capacity TPA |
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| Export Sales Share % of revenue from operations |
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| Total Employees count |
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| Electricity Consumption per MT of Production KWH/MT |
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| Production Volume MT |
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| Round Bar Revenue Share % of revenue from operations |
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| Bright Bar Revenue Share % of revenue from operations |
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| Flat/Patti Revenue Share % of revenue from operations |
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Extracted by Screener AI
Documents
Announcements
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
- Submitted Regulation 74(5) confirmation certificate for quarter ended 30 September 2026.
-
Outcome of Board Meeting
- Tushar Uttamchand Mehta appointed Compliance Officer effective 9 October 2026.
-
Change in Company Secretary/Compliance Officer
- Mr. Tushar Uttamchand Mehta appointed Compliance Officer effective 09 October 2026.
-
Shareholders meeting
- 38th AGM voting results disclosed; four resolutions passed on 30 September 2026.
-
Shareholders meeting
- Mangalam Alloys held its 38th AGM on 30 September 2026; members transacted four resolutions.
Annual reports
-
Annual Report 2026
from nse
-
Annual Report 2025
from nse
-
Annual Report 2024
from nse
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