Mangalam Cement Ltd

About [ edit ]

Mangalam Cement is engaged in manufacturing of Cement in India.

  • Market Cap 756 Cr.
  • Current Price 282
  • High / Low 286 / 116
  • Stock P/E 8.58
  • Book Value 228
  • Dividend Yield 0.35 %
  • ROCE 16.5 %
  • ROE 14.0 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 30.28% CAGR over last 5 years

Cons

  • The company has delivered a poor sales growth of 5.91% over past five years.
  • Promoter holding is low: 23.99%
  • Company has a low return on equity of 4.77% for last 3 years.

Peer comparison

Sector: Cement Industry: Cement - North India

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Quarterly Results

Figures in Rs. Crores

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
302 255 289 337 318 333 289 309 297 226 321 340
292 250 272 323 298 265 245 268 251 180 266 262
Operating Profit 10 5 17 14 20 68 45 41 46 46 55 78
OPM % 3% 2% 6% 4% 6% 20% 15% 13% 16% 21% 17% 23%
Other Income 7 5 3 6 12 8 7 7 7 7 9 8
Interest 11 12 13 7 18 14 16 16 17 16 16 16
Depreciation 11 11 12 12 11 11 12 12 13 16 16 14
Profit before tax -4 -14 -5 1 2 51 24 19 23 21 33 57
Tax % -3% -10% 163% 0% 25% 35% 38% 36% 34% 35% 35% 35%
Net Profit -5 -15 3 1 2 33 15 12 16 14 21 37
EPS in Rs -1.69 -5.74 1.17 0.29 0.63 12.44 5.52 4.66 5.81 5.17 7.99 14.03
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
564 614 496 631 706 697 922 842 1,045 1,080 1,200 1,228 1,184
430 422 433 527 575 642 832 797 927 997 1,143 1,029 958
Operating Profit 134 191 63 104 131 56 89 45 118 82 57 199 226
OPM % 24% 31% 13% 16% 19% 8% 10% 5% 11% 8% 5% 16% 19%
Other Income 26 20 8 6 7 5 2 7 21 28 24 30 32
Interest 3 2 2 3 5 9 38 46 47 47 51 63 65
Depreciation 24 25 28 32 25 28 34 37 40 44 46 49 58
Profit before tax 132 184 41 75 108 24 19 -31 50 19 -16 117 135
Tax % 26% 35% 8% 25% 28% -24% 6% 31% 27% 40% 39% 35%
Net Profit 97 119 38 56 77 30 18 -21 37 11 -10 76 88
EPS in Rs 34.66 44.51 14.33 20.97 28.98 11.09 6.71 -8.04 13.72 4.26 -3.65 28.43 33.00
Dividend Payout % 16% 13% 42% 29% 21% 27% 30% -6% 5% 12% -14% 4%
Compounded Sales Growth
10 Years:7%
5 Years:6%
3 Years:6%
TTM:-5%
Compounded Profit Growth
10 Years:-4%
5 Years:30%
3 Years:28%
TTM:42%
Stock Price CAGR
10 Years:10%
5 Years:9%
3 Years:-5%
1 Year:17%
Return on Equity
10 Years:6%
5 Years:3%
3 Years:5%
Last Year:14%

Balance Sheet

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
28 27 27 27 27 27 27 27 27 27 27 27 27
Reserves 266 360 368 406 466 480 491 447 479 488 477 549 582
Borrowings 16 10 14 0 211 368 382 428 391 372 518 585 502
200 245 232 201 265 267 312 291 316 333 393 432 584
Total Liabilities 510 642 640 633 969 1,142 1,212 1,192 1,213 1,220 1,414 1,593 1,694
277 258 351 352 349 515 757 744 814 831 821 915 910
CWIP 5 63 8 19 214 255 31 71 49 5 73 21 60
Investments 8 20 1 1 36 36 36 20 28 36 33 65 37
221 301 280 260 370 337 388 358 323 348 487 591 687
Total Assets 510 642 640 633 969 1,142 1,212 1,192 1,213 1,220 1,414 1,593 1,694

Cash Flows

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
136 128 -3 87 106 63 48 75 163 86 84 216
-42 -68 -38 -40 -242 -226 -50 -62 -91 -17 -176 -156
-65 -34 -17 -22 187 116 -18 -13 -77 -67 83 3
Net Cash Flow 30 26 -58 25 52 -46 -20 -0 -5 2 -9 63

Ratios

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 43% 52% 11% 19% 20% 4% 7% 2% 11% 7% 3% 17%
Debtor Days 4 5 9 17 16 12 11 15 12 12 11 8
Inventory Turnover 3.48 4.22 3.58 4.35 2.84 2.62 3.26 2.82 3.41 4.62 5.21 3.41

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
16.51 16.51 16.51 16.54 18.21 18.69 20.66 20.66 20.83 22.08 23.61 23.99
10.54 10.46 9.56 8.16 8.16 7.46 7.46 12.03 11.77 4.59 4.59 4.59
3.78 2.91 2.91 2.91 3.02 3.10 2.89 2.91 2.94 2.93 2.88 2.88
69.17 70.12 71.02 72.38 70.61 70.76 68.99 64.39 64.46 70.40 68.92 68.54

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