Mangalam Cement Ltd

Mangalam Cement Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Mangalam Cement Ltd

₹ 367 0.22%
29 Sep 1:04 p.m.
mangalamcement.com BSE: 502157 NSE : MANGLMCEM
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]

Website BSE NSE
  • Market Cap ₹ 1,009 Cr.
  • Current Price ₹ 367
  • High / Low ₹ 389 / 234
  • Stock P/E 43.6
  • Book Value ₹ 275
  • Dividend Yield 0.41 %
  • ROCE 7.79 %
  • ROE 3.37 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 10.8% over past five years.
  • Promoter holding is low: 34.4%
  • 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

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Quarterly Results

Figures in Rs. Crores

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
226 325 341 411 358 376 380 452 514 399 429 459 421
180 274 266 336 279 338 334 396 440 392 408 414 369
Operating Profit 46 50 75 76 79 38 46 55 74 7 21 45 51
OPM % 21% 16% 22% 18% 22% 10% 12% 12% 14% 2% 5% 10% 12%
7 7 6 6 4 8 7 8 4 -10 15 6 6
Interest 16 17 17 18 14 17 16 17 18 19 15 15 16
Depreciation 16 17 13 16 14 16 16 16 17 17 18 17 18
Profit before tax 21 24 52 48 54 13 21 30 44 -39 3 20 23
Tax % 35% 34% 37% 26% 35% 17% 34% 42% 36% 31% 83% 22% 36%
14 16 33 35 35 11 14 17 28 -27 1 16 15
EPS in Rs 5.17 5.86 12.25 13.25 13.14 4.15 5.28 6.36 10.22 -9.86 0.19 5.68 5.34
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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 1,708
527 575 642 831 797 927 997 1,142 1,029 1,060 1,348 1,654 1,583
Operating Profit 104 131 56 90 45 118 82 57 200 245 218 148 125
OPM % 16% 19% 8% 10% 5% 11% 8% 5% 16% 19% 14% 8% 7%
6 7 5 0 6 21 28 24 30 25 27 16 17
Interest 3 5 9 38 46 47 47 51 63 69 64 66 64
Depreciation 32 25 28 34 37 40 44 46 49 63 62 69 71
Profit before tax 75 108 24 19 -31 50 19 -16 117 138 119 28 7
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 4
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 1.35
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: -1%
Compounded Profit Growth
10 Years: -11%
5 Years: 18%
3 Years: -31%
TTM: -67%
Stock Price CAGR
10 Years: 14%
5 Years: 10%
3 Years: 27%
1 Year: 0%
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
27 27 27 27 27 27 27 27 27 28 28 28
Reserves 406 466 480 491 447 479 488 477 549 640 715 729
0 211 368 382 428 391 372 518 585 632 628 621
201 265 267 312 291 316 333 393 432 558 558 612
Total Liabilities 633 969 1,142 1,212 1,192 1,213 1,220 1,414 1,593 1,858 1,928 1,990
352 349 515 757 744 814 831 821 915 980 1,141 1,170
CWIP 19 214 255 31 71 49 5 73 21 112 10 17
Investments 1 36 36 36 20 28 36 33 65 71 104 78
260 370 337 388 358 323 348 487 591 694 673 725
Total Assets 633 969 1,142 1,212 1,192 1,213 1,220 1,414 1,593 1,858 1,928 1,990

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%

Shareholding Pattern

Numbers in percentages

7 Recently
Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
23.61% 23.99% 24.50% 24.50% 24.99% 24.99% 26.63% 30.14% 31.95% 31.95% 31.95% 34.35%
4.59% 4.59% 4.89% 5.36% 6.89% 6.75% 6.52% 6.62% 6.64% 6.33% 6.41% 6.75%
2.88% 2.88% 2.88% 2.87% 2.67% 2.67% 2.60% 2.60% 2.60% 2.60% 2.60% 2.62%
68.92% 68.54% 67.73% 67.27% 65.45% 65.59% 64.25% 60.64% 58.81% 59.10% 59.04% 56.28%
No. of Shareholders 19,99618,40619,17919,36124,11724,18637,37737,88436,96536,55336,20135,831

* 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.

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