Mangalam Alloys Ltd
Incorporated in 1988, Mangalam Alloys Ltd manufactures and distributes high quality Stainless Steel products[1]
- Market Cap ₹ 114 Cr.
- Current Price ₹ 46.4
- High / Low ₹ 80.2 / 26.2
- Stock P/E 74.3
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 7.43 %
- ROE 2.41 %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of 0.47% 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|
| 386 | 301 | 310 | |
| 354 | 287 | 284 | |
| Operating Profit | 31 | 14 | 26 |
| OPM % | 8% | 5% | 8% |
| 0 | 1 | 1 | |
| Interest | 15 | 15 | 16 |
| Depreciation | 8 | 9 | 9 |
| Profit before tax | 8 | -9 | 1 |
| Tax % | 19% | -26% | 101% |
| 7 | -7 | 2 | |
| EPS in Rs | 3.76 | -3.67 | 0.84 |
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 121% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 34% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 0% |
| Last Year: | 2% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|
| Equity Capital | 18 | 19 | 19 |
| Reserves | 50 | 44 | 46 |
| 151 | 168 | 164 | |
| 134 | 106 | 94 | |
| Total Liabilities | 353 | 337 | 322 |
| 91 | 97 | 101 | |
| CWIP | 12 | 0 | 0 |
| Investments | 0 | 0 | 0 |
| 249 | 240 | 221 | |
| Total Assets | 353 | 337 | 322 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|
| 16 | 6 | ||
| -20 | -2 | ||
| 5 | -5 | ||
| Net Cash Flow | 1 | -1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|
| Debtor Days | 70 | 74 | 70 |
| Inventory Days | 180 | 224 | 205 |
| Days Payable | 124 | 119 | 100 |
| Cash Conversion Cycle | 126 | 178 | 175 |
| Working Capital Days | 24 | 49 | 44 |
| ROCE % | 3% | 7% |
Documents
Announcements
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Change in Company Secretary/Compliance Officer
22 January 2026 - Mr. Tushar Uttamchand Mehta appointed Compliance Officer w.e.f. 22 January 2026; also Managing Director of Mangalam Alloys Limited (brief profile included).
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Outcome of Board Meeting
22 January 2026 - Board appointed Managing Director Tushar U. Mehta as Compliance Officer effective 22 January 2026.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
13 January 2026 - Reg 74(5) confirmation: no physical share certificates for demat received for quarter ended 31-Dec-2025.
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Statement of deviation(s) or variation(s) under Reg. 32
13 November 2025 - IPO proceeds Rs.5,491.2 lakh utilization report for half-year ended Sep 30, 2025; no deviation.
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Outcome of Board Meeting
13 November 2025 - Approved H1 FY26 unaudited results (profit Rs1,176.03 lakh); CS Sonam Pandey resigned (12 Nov 2025).
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