Mangalam Cement Ltd

Mangalam Cement Ltd

₹ 856 -2.64%
24 Jun - close price
About

Mangalam Cement Limited, incorporated in 1976, is engaged in the manufacturing of Cement in India and is a professionally run company, managed by Smt. Vidula Jalan of the B.K. Birla group. The Co. has its own manufacturing plants in Morak (Rajasthan) and Aligarh (Uttar Pradesh). The company markets and sells its product under the brand name of Birla Uttam Cement.[1][2]

Key Points

Products
The Company sells regular OPC, PPC cements and clinker under the brand Birla Uttam. [1]

  • Market Cap 2,353 Cr.
  • Current Price 856
  • High / Low 935 / 277
  • Stock P/E 39.4
  • Book Value 295
  • Dividend Yield 0.18 %
  • ROCE 11.9 %
  • ROE 7.62 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 2.90 times its book value
  • The company has delivered a poor sales growth of 7.54% over past five years.
  • Company has a low return on equity of 7.25% over last 3 years.
  • Dividend payout has been low at 12.1% of profits 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

Sector: Cement Industry: Cement - North India

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
411 358 376 380 452 514 399 429 459 421 428 439 437
336 279 338 334 396 440 392 408 414 369 380 382 392
Operating Profit 76 79 38 46 55 74 7 21 45 51 48 57 46
OPM % 18% 22% 10% 12% 12% 14% 2% 5% 10% 12% 11% 13% 10%
6 4 8 7 8 4 -10 15 6 6 8 6 19
Interest 18 14 17 16 17 18 19 15 15 16 18 17 17
Depreciation 16 14 16 16 16 17 17 18 17 18 18 19 19
Profit before tax 48 54 13 21 30 44 -39 3 20 23 20 27 29
Tax % 26% 35% 17% 34% 42% 36% 31% 83% 22% 36% 41% 41% 41%
35 35 11 14 17 28 -27 1 16 15 12 16 17
EPS in Rs 13.25 13.14 4.15 5.28 6.36 10.22 -9.86 0.19 5.68 5.34 4.29 5.80 6.28
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
706 697 922 842 1,045 1,080 1,200 1,228 1,305 1,566 1,802 1,725
575 642 831 797 927 997 1,142 1,029 1,060 1,348 1,654 1,523
Operating Profit 131 56 90 45 118 82 57 200 245 218 148 202
OPM % 19% 8% 10% 5% 11% 8% 5% 16% 19% 14% 8% 12%
7 5 0 6 21 28 24 30 25 27 16 38
Interest 5 9 38 46 47 47 51 63 69 64 66 68
Depreciation 25 28 34 37 40 44 46 49 63 62 69 74
Profit before tax 108 24 19 -31 50 19 -16 117 138 119 28 99
Tax % 28% -24% 6% 31% 27% 40% 39% 35% 32% 35% 38% 40%
77 30 18 -21 37 11 -10 76 93 78 17 60
EPS in Rs 28.98 11.09 6.71 -8.04 13.72 4.26 -3.65 28.43 35.02 28.26 6.23 21.72
Dividend Payout % 21% 27% 30% -6% 5% 12% -14% 4% 4% 5% 24% 7%
Compounded Sales Growth
10 Years: 9%
5 Years: 8%
3 Years: 10%
TTM: -4%
Compounded Profit Growth
10 Years: 7%
5 Years: 47%
3 Years: -14%
TTM: 137%
Stock Price CAGR
10 Years: 15%
5 Years: 28%
3 Years: 39%
1 Year: 170%
Return on Equity
10 Years: 6%
5 Years: 10%
3 Years: 7%
Last Year: 8%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 27 27 27 27 27 27 27 27 28 28 28 28
Reserves 466 480 491 447 479 488 477 549 640 715 729 784
211 368 382 428 391 372 518 585 632 628 621 607
265 267 312 291 316 333 393 432 558 558 612 649
Total Liabilities 969 1,142 1,212 1,192 1,213 1,220 1,414 1,593 1,858 1,928 1,990 2,068
349 515 757 744 814 831 821 915 980 1,141 1,170 1,162
CWIP 214 255 31 71 49 5 73 21 112 10 17 43
Investments 36 36 36 20 28 36 33 65 71 104 78 84
370 337 388 358 323 348 487 591 694 673 725 779
Total Assets 969 1,142 1,212 1,192 1,213 1,220 1,414 1,593 1,858 1,928 1,990 2,068

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
106 63 48 75 163 86 84 216 234 189 139 182
-242 -226 -50 -62 -91 -17 -176 -156 -172 -134 -64 -112
187 116 -18 -13 -77 -67 83 3 -41 -73 -89 -86
Net Cash Flow 52 -46 -20 -0 -5 2 -9 63 20 -18 -14 -15

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 16 12 11 15 12 12 11 8 11 9 8 7
Inventory Days 654 266 305 202 216 210 200 421 366 270 287 492
Days Payable 271 158 200 194 269 270 286 463 316 235 278 377
Cash Conversion Cycle 398 120 116 23 -40 -47 -75 -34 60 43 16 123
Working Capital Days 56 56 34 9 -17 -12 9 6 4 7 -2 16
ROCE % 20% 4% 7% 2% 11% 7% 3% 17% 17% 14% 8%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
24.50% 24.99% 24.99% 26.63% 30.14% 31.95% 31.95% 31.95% 34.35% 36.32% 36.63% 36.94%
5.36% 6.89% 6.75% 6.52% 6.62% 6.64% 6.33% 6.41% 6.75% 6.82% 6.20% 5.70%
2.87% 2.67% 2.67% 2.60% 2.60% 2.60% 2.60% 2.60% 2.62% 2.62% 3.40% 4.36%
67.27% 65.45% 65.59% 64.25% 60.64% 58.81% 59.10% 59.04% 56.28% 54.26% 53.76% 53.00%
No. of Shareholders 19,36124,11724,18637,37737,88436,96536,55336,20135,83134,98832,21034,065

* 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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