Mangalam Cement Ltd

₹ 926 1.21%

07 May - close price

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 ₹ 2,549 Cr.
Current Price ₹ 926
High / Low ₹ 955 / 679
Stock P/E 31.3
Book Value ₹ 327
Dividend Yield 0.16 %
ROCE 9.87 %
ROE 5.70 %
Face Value ₹ 10.0

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Pros

Cons

Stock is trading at 2.83 times its book value
The company has delivered a poor sales growth of 6.48% over past five years.
Company has a low return on equity of 5.60% over last 3 years.
Dividend payout has been low at 13.4% 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

Commodities Construction Materials Cement & Cement Products Cement & Cement Products

Part of BSE Commodities

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Quarterly Results

Figures in Rs. Crores

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
	429	459	421	428	439	437	381	359	438	503	452	395	421
	408	414	369	380	382	392	351	329	395	449	377	352	376
Operating Profit	21	45	51	48	57	46	30	30	43	54	75	43	45
OPM %	5%	10%	12%	11%	13%	10%	8%	8%	10%	11%	17%	11%	11%
	15	6	6	8	6	19	32	10	5	13	11	10	6
Interest	15	15	16	18	17	17	16	17	16	19	17	16	15
Depreciation	18	17	18	18	19	19	19	19	19	21	20	20	20
Profit before tax	3	20	23	20	27	29	26	4	13	27	49	16	16
Tax %	83%	22%	36%	41%	41%	41%	35%	10%	40%	37%	34%	-22%	27%
	1	16	15	12	16	17	17	3	8	17	32	20	11
EPS in Rs	0.19	5.68	5.34	4.29	5.80	6.28	6.20	1.19	2.84	6.15	11.73	7.31	4.13
Raw PDF

Upcoming result date: 16 May 2026

Profit & Loss

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	697	922	842	1,045	1,080	1,200	1,228	1,305	1,566	1,802	1,725	1,681	1,771
	642	831	797	927	997	1,142	1,029	1,060	1,348	1,654	1,523	1,520	1,554
Operating Profit	56	90	45	118	82	57	200	245	218	148	203	161	217
OPM %	8%	10%	5%	11%	8%	5%	16%	19%	14%	8%	12%	10%	12%
	5	0	6	21	28	24	30	25	27	16	38	57	40
Interest	9	38	46	47	47	51	63	69	64	66	68	69	67
Depreciation	28	34	37	40	44	46	49	63	62	69	74	79	82
Profit before tax	24	19	-31	50	19	-16	117	138	119	28	99	70	108
Tax %	-24%	6%	-31%	27%	40%	-39%	35%	32%	35%	38%	40%	36%
	30	18	-21	37	11	-10	76	93	78	17	60	45	81
EPS in Rs	11.09	6.71	-8.04	13.72	4.26	-3.65	28.43	35.02	28.26	6.23	21.72	16.39	29.32
Dividend Payout %	27%	30%	-6%	5%	12%	-14%	4%	4%	5%	24%	7%	9%

Compounded Sales Growth
10 Years:	6%
5 Years:	6%
3 Years:	2%
TTM:	10%

Compounded Profit Growth
10 Years:	9%
5 Years:	-9%
3 Years:	-15%
TTM:	79%

Stock Price CAGR
10 Years:	13%
5 Years:	27%
3 Years:	47%
1 Year:	23%

Return on Equity
10 Years:	6%
5 Years:	8%
3 Years:	6%
Last Year:	6%

Balance Sheet

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	27	27	27	27	27	27	27	28	28	28	28	28	28
Reserves	480	491	447	479	488	477	549	640	715	729	784	824	873
	368	382	428	391	372	518	585	632	628	621	607	627	734
	267	312	291	316	333	393	432	558	558	612	649	687	716
Total Liabilities	1,142	1,212	1,192	1,213	1,220	1,414	1,593	1,858	1,928	1,990	2,068	2,166	2,350
	515	757	744	814	831	821	915	980	1,141	1,170	1,165	1,185	1,155
CWIP	255	31	71	49	5	73	21	112	10	17	43	5	110
Investments	36	36	20	28	36	33	65	71	104	78	84	91	76
	337	388	358	323	348	487	591	694	673	725	776	884	1,010
Total Assets	1,142	1,212	1,192	1,213	1,220	1,414	1,593	1,858	1,928	1,990	2,068	2,166	2,350

Cash Flows

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	63	48	75	163	86	84	216	234	189	139	182	188
	-226	-50	-62	-91	-17	-176	-156	-172	-134	-64	-112	-132
	116	-18	-13	-77	-67	83	3	-41	-73	-89	-86	-63
Net Cash Flow	-46	-20	-0	-5	2	-9	63	20	-18	-14	-15	-7
Free Cash Flow	-167	-4	10	76	68	-17	50	156	65	14	84	73
CFO/OP	131%	49%	167%	140%	111%	147%	114%	102%	98%	103%	94%	125%

Ratios

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	12	11	15	12	12	11	8	11	9	8	7	9
Inventory Days	266	305	202	216	210	200	421	366	270	320	492	326
Days Payable	158	200	194	269	270	286	463	316	235	310	377	290
Cash Conversion Cycle	120	116	23	-40	-47	-75	-34	60	43	17	123	45
Working Capital Days	49	21	-21	-42	-43	-25	-37	-56	-54	-67	-77	-91
ROCE %	4%	7%	2%	11%	7%	3%	17%	17%	14%	8%	12%	10%

Insights

In beta

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Capacity Utilization
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Cement Installed Capacity
MTPA

Cement Sales Volume
Metric Tonnes

Blended Cement (PPC) Sales Mix
%

Number of Dealers and Retailers
Count

Power and Fuel Cost per Tonne
INR

Renewable Energy Share
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

4 Recently

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	34.35%	36.32%	36.63%	36.94%	36.94%	36.94%	37.82%	39.53%	39.53%	40.01%	40.01%	40.01%
	6.75%	6.82%	6.20%	5.70%	6.32%	6.17%	6.07%	5.81%	5.87%	6.07%	5.80%	5.59%
	2.62%	2.62%	3.40%	4.36%	4.75%	4.78%	4.79%	4.98%	7.09%	6.94%	6.78%	6.17%
	56.28%	54.26%	53.76%	53.00%	51.97%	52.10%	51.33%	49.69%	47.52%	46.97%	47.43%	48.25%
No. of Shareholders	35,831	34,988	32,210	34,065	32,431	33,027	33,427	31,750	31,516	31,949	31,419	30,066

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	13.28%	16.51%	18.21%	20.83%	24.50%	26.63%	31.95%	36.94%	39.53%	40.01%
	11.41%	10.54%	8.16%	11.77%	4.89%	6.52%	6.41%	5.70%	5.81%	5.59%
	4.43%	3.78%	3.02%	2.94%	2.88%	2.60%	2.60%	4.36%	4.98%	6.17%
	70.88%	69.17%	70.61%	64.46%	67.73%	64.25%	59.04%	53.00%	49.69%	48.25%
No. of Shareholders	22,309	19,035	17,673	16,599	19,179	37,377	36,201	34,065	31,750	30,066

* 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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Mangalam Cement Ltd

Mangalam Cement Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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