Mangalam Alloys Ltd
Incorporated in 1988, Mangalam Alloys Ltd manufactures and distributes high quality Stainless Steel products[1]
- Market Cap ₹ 87.6 Cr.
- Current Price ₹ 35.5
- High / Low ₹ 80.2 / 29.6
- Stock P/E 5.97
- Book Value ₹ 63.9
- Dividend Yield 0.00 %
- ROCE 13.1 %
- ROE 9.75 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.56 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 10.1% 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% | 5% | 9% | 11% | 11% | 12% | 13% |
| 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 | 21 |
| Tax % | 26% | 25% | 19% | -28% | 17% | 22% | -43% | 37% | 29% |
| 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 | 5.41 | 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: | 10% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -25% |
| 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 | 178 | 296 | |
| 60 | 80 | 107 | 81 | 68 | 99 | 110 | 139 | 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 | 1 |
| 142 | 195 | 223 | 215 | 199 | 248 | 295 | 369 | 437 | |
| 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 | ||
| -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 | |
| Free Cash Flow | -10 | -13 | -8 | 3 | 18 | 5 | -11 | -1 | |
| CFO/OP | 41% | 7% | 50% | 45% | 108% | 41% | 25% | 12% |
Ratios
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 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 133 | 60 |
| Cash Conversion Cycle | 111 | 126 | 137 | 196 | 177 | 190 | 191 | 174 | 291 |
| Working Capital Days | 114 | 27 | 29 | 55 | 49 | 73 | 108 | 90 | 142 |
| ROCE % | 15% | 11% | 2% | 9% | 11% | 11% | 16% | 13% |
Insights
In beta| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Installed Production Capacity TPA |
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| Export Revenue INR Lakhs |
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| Total Employees Numbers |
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| Electricity Consumption per Unit of Production KWH/MT |
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| Production Volume MT |
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Extracted by Screener AI
Documents
Announcements
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Structural Digital Database
30 May 2026 - Submitted SDD compliance certificate for year ended 31 March 2026; no UPSI recorded.
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Statement of deviation(s) or variation(s) under Reg. 32
30 May 2026 - IPO fund utilization statement for half year ended March 31, 2026 shows no deviation.
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General Updates
29 May 2026 - M/s KVM & Co appointed cost auditor for FY2025-26 and FY2026-27, effective 29 May 2026.
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General Updates
29 May 2026 - M/s. G R Shah & Associates appointed as Secretarial Auditor for FY 2025-26, effective 29 May 2026.
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General Updates
29 May 2026 - M/s. Rathore & Associates appointed internal auditor for FY 2026-27 from 29 May 2026.
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