Mangalam Cement Ltd
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]
- Market Cap ₹ 2,010 Cr.
- Current Price ₹ 731
- High / Low ₹ 812 / 253
- Stock P/E 34.6
- Book Value ₹ 283
- Dividend Yield 0.21 %
- ROCE 7.79 %
- ROE 3.37 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 2.58 times its book value
- The company has delivered a poor sales growth of 10.8% over past five years.
- Company has a low return on equity of 9.44% over last 3 years.
- Dividend payout has been low at 11.3% 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
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
631 | 706 | 697 | 922 | 842 | 1,045 | 1,080 | 1,200 | 1,228 | 1,305 | 1,566 | 1,802 | 1,748 | |
527 | 575 | 642 | 831 | 797 | 927 | 997 | 1,142 | 1,029 | 1,060 | 1,348 | 1,654 | 1,546 | |
Operating Profit | 104 | 131 | 56 | 90 | 45 | 118 | 82 | 57 | 200 | 245 | 218 | 148 | 202 |
OPM % | 16% | 19% | 8% | 10% | 5% | 11% | 8% | 5% | 16% | 19% | 14% | 8% | 12% |
6 | 7 | 5 | 0 | 6 | 21 | 28 | 24 | 30 | 25 | 27 | 16 | 25 | |
Interest | 3 | 5 | 9 | 38 | 46 | 47 | 47 | 51 | 63 | 69 | 64 | 66 | 65 |
Depreciation | 32 | 25 | 28 | 34 | 37 | 40 | 44 | 46 | 49 | 63 | 62 | 69 | 72 |
Profit before tax | 75 | 108 | 24 | 19 | -31 | 50 | 19 | -16 | 117 | 138 | 119 | 28 | 90 |
Tax % | 25% | 28% | -24% | 6% | 31% | 27% | 40% | 39% | 35% | 32% | 35% | 38% | |
56 | 77 | 30 | 18 | -21 | 37 | 11 | -10 | 76 | 93 | 78 | 17 | 58 | |
EPS in Rs | 20.97 | 28.98 | 11.09 | 6.71 | -8.04 | 13.72 | 4.26 | -3.65 | 28.43 | 35.02 | 28.26 | 6.23 | 21.11 |
Dividend Payout % | 29% | 21% | 27% | 30% | -6% | 5% | 12% | -14% | 4% | 4% | 5% | 24% |
Compounded Sales Growth | |
---|---|
10 Years: | 10% |
5 Years: | 11% |
3 Years: | 14% |
TTM: | -3% |
Compounded Profit Growth | |
---|---|
10 Years: | -11% |
5 Years: | 18% |
3 Years: | -31% |
TTM: | 51% |
Stock Price CAGR | |
---|---|
10 Years: | 19% |
5 Years: | 22% |
3 Years: | 38% |
1 Year: | 188% |
Return on Equity | |
---|---|
10 Years: | 6% |
5 Years: | 8% |
3 Years: | 9% |
Last Year: | 3% |
Balance Sheet
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 28 | 28 | 28 | 28 |
Reserves | 406 | 466 | 480 | 491 | 447 | 479 | 488 | 477 | 549 | 640 | 715 | 729 | 751 |
0 | 211 | 368 | 382 | 428 | 391 | 372 | 518 | 585 | 632 | 628 | 621 | 623 | |
201 | 265 | 267 | 312 | 291 | 316 | 333 | 393 | 432 | 558 | 558 | 612 | 693 | |
Total Liabilities | 633 | 969 | 1,142 | 1,212 | 1,192 | 1,213 | 1,220 | 1,414 | 1,593 | 1,858 | 1,928 | 1,990 | 2,095 |
352 | 349 | 515 | 757 | 744 | 814 | 831 | 821 | 915 | 980 | 1,141 | 1,170 | 1,181 | |
CWIP | 19 | 214 | 255 | 31 | 71 | 49 | 5 | 73 | 21 | 112 | 10 | 17 | 28 |
Investments | 1 | 36 | 36 | 36 | 20 | 28 | 36 | 33 | 65 | 71 | 104 | 78 | 81 |
260 | 370 | 337 | 388 | 358 | 323 | 348 | 487 | 591 | 694 | 673 | 725 | 805 | |
Total Assets | 633 | 969 | 1,142 | 1,212 | 1,192 | 1,213 | 1,220 | 1,414 | 1,593 | 1,858 | 1,928 | 1,990 | 2,095 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
87 | 106 | 63 | 48 | 75 | 163 | 86 | 84 | 216 | 234 | 189 | 139 | |
-40 | -242 | -226 | -50 | -62 | -91 | -17 | -176 | -156 | -172 | -134 | -64 | |
-22 | 187 | 116 | -18 | -13 | -77 | -67 | 83 | 3 | -41 | -73 | -89 | |
Net Cash Flow | 25 | 52 | -46 | -20 | -0 | -5 | 2 | -9 | 63 | 20 | -18 | -14 |
Ratios
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 17 | 16 | 12 | 11 | 15 | 12 | 12 | 11 | 8 | 11 | 9 | 8 |
Inventory Days | 203 | 654 | 266 | 305 | 202 | 216 | 210 | 200 | 421 | 366 | 270 | 287 |
Days Payable | 154 | 271 | 158 | 200 | 194 | 269 | 270 | 286 | 463 | 316 | 235 | 278 |
Cash Conversion Cycle | 66 | 398 | 120 | 116 | 23 | -40 | -47 | -75 | -34 | 60 | 43 | 16 |
Working Capital Days | 59 | 56 | 56 | 34 | 9 | -17 | -12 | 9 | 6 | 4 | 7 | -2 |
ROCE % | 19% | 20% | 4% | 7% | 2% | 11% | 7% | 3% | 17% | 17% | 14% | 8% |
Documents
Announcements
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 21 Mar
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 18 Mar
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 17 Feb
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 17 Feb
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 17 Feb
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2010
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Financial Year 2010
from nse
Concalls
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May 2022TranscriptPPT
Products
The Company sells regular OPC, PPC cements and clinker under the brand Birla Uttam. [1]