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 ₹ 2,335 Cr.
- Current Price ₹ 849
- High / Low ₹ 955 / 679
- Stock P/E 16.0
- Book Value ₹ 355
- Dividend Yield 0.18 %
- ROCE 10.8 %
- ROE 16.0 %
- Face Value ₹ 10.0
Pros
Cons
- The company has delivered a poor sales growth of 6.15% over past five years.
- Tax rate seems low
- Company has a low return on equity of 10.0% 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
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 922 | 842 | 1,045 | 1,080 | 1,200 | 1,228 | 1,305 | 1,566 | 1,802 | 1,725 | 1,681 | 1,758 | |
| 831 | 797 | 927 | 997 | 1,142 | 1,029 | 1,060 | 1,348 | 1,654 | 1,523 | 1,520 | 1,542 | |
| Operating Profit | 90 | 45 | 118 | 82 | 57 | 200 | 245 | 218 | 148 | 203 | 161 | 217 |
| OPM % | 10% | 5% | 11% | 8% | 5% | 16% | 19% | 14% | 8% | 12% | 10% | 12% |
| 0 | 6 | 21 | 28 | 24 | 30 | 25 | 27 | 16 | 38 | 57 | 22 | |
| Interest | 38 | 46 | 47 | 47 | 51 | 63 | 69 | 64 | 66 | 68 | 69 | 64 |
| Depreciation | 34 | 37 | 40 | 44 | 46 | 49 | 63 | 62 | 69 | 74 | 79 | 81 |
| Profit before tax | 19 | -31 | 50 | 19 | -16 | 117 | 138 | 119 | 28 | 99 | 70 | 94 |
| Tax % | 6% | -31% | 27% | 40% | -39% | 35% | 32% | 35% | 38% | 40% | 36% | -37% |
| 18 | -21 | 37 | 11 | -10 | 76 | 93 | 78 | 17 | 60 | 45 | 129 | |
| EPS in Rs | 6.71 | -8.04 | 13.72 | 4.26 | -3.65 | 28.43 | 35.02 | 28.26 | 6.23 | 21.72 | 16.39 | 46.90 |
| Dividend Payout % | 30% | -6% | 5% | 12% | -14% | 4% | 4% | 5% | 24% | 7% | 9% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 6% |
| 3 Years: | -1% |
| TTM: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 9% |
| 3 Years: | 80% |
| TTM: | 208% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 23% |
| 3 Years: | 42% |
| 1 Year: | 3% |
| Return on Equity | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 9% |
| 3 Years: | 10% |
| Last Year: | 16% |
Balance Sheet
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 27 | 27 | 27 | 27 | 27 | 27 | 28 | 28 | 28 | 28 | 28 | 28 |
| Reserves | 491 | 447 | 479 | 488 | 477 | 549 | 640 | 715 | 729 | 784 | 824 | 950 |
| 382 | 428 | 391 | 372 | 518 | 585 | 632 | 628 | 621 | 607 | 627 | 888 | |
| 312 | 291 | 316 | 333 | 393 | 432 | 558 | 558 | 612 | 649 | 687 | 559 | |
| Total Liabilities | 1,212 | 1,192 | 1,213 | 1,220 | 1,414 | 1,593 | 1,858 | 1,928 | 1,990 | 2,068 | 2,166 | 2,425 |
| 757 | 744 | 814 | 831 | 821 | 915 | 980 | 1,141 | 1,170 | 1,165 | 1,185 | 1,308 | |
| CWIP | 31 | 71 | 49 | 5 | 73 | 21 | 112 | 10 | 17 | 43 | 5 | 54 |
| Investments | 36 | 20 | 28 | 36 | 33 | 65 | 71 | 104 | 78 | 84 | 91 | 76 |
| 388 | 358 | 323 | 348 | 487 | 591 | 694 | 673 | 725 | 776 | 884 | 987 | |
| Total Assets | 1,212 | 1,192 | 1,213 | 1,220 | 1,414 | 1,593 | 1,858 | 1,928 | 1,990 | 2,068 | 2,166 | 2,425 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 48 | 75 | 163 | 86 | 84 | 216 | 234 | 189 | 139 | 182 | 188 | 94 | |
| -50 | -62 | -91 | -17 | -176 | -156 | -172 | -134 | -64 | -112 | -132 | -297 | |
| -18 | -13 | -77 | -67 | 83 | 3 | -41 | -73 | -89 | -86 | -63 | 183 | |
| Net Cash Flow | -20 | -0 | -5 | 2 | -9 | 63 | 20 | -18 | -14 | -15 | -7 | -20 |
| Free Cash Flow | -4 | 10 | 76 | 68 | -17 | 50 | 156 | 65 | 14 | 84 | 73 | -224 |
| CFO/OP | 49% | 167% | 140% | 111% | 147% | 114% | 102% | 98% | 103% | 94% | 125% | 46% |
Ratios
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 11 | 15 | 12 | 12 | 11 | 8 | 11 | 9 | 8 | 7 | 9 | 8 |
| Inventory Days | 305 | 202 | 216 | 210 | 200 | 421 | 366 | 270 | 320 | 492 | 326 | 427 |
| Days Payable | 200 | 194 | 269 | 270 | 286 | 463 | 316 | 235 | 310 | 377 | 290 | 271 |
| Cash Conversion Cycle | 116 | 23 | -40 | -47 | -75 | -34 | 60 | 43 | 17 | 123 | 45 | 164 |
| Working Capital Days | 21 | -21 | -42 | -43 | -25 | -37 | -56 | -54 | -67 | -77 | -91 | -91 |
| ROCE % | 7% | 2% | 11% | 7% | 3% | 17% | 17% | 14% | 8% | 12% | 10% | 11% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Capacity Utilization % |
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| Cement Installed Capacity MTPA |
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| Cement Sales Volume Metric Tonnes |
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| Blended Cement (PPC) Sales Mix % |
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| Number of Dealers and Retailers Count |
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| Power and Fuel Cost per Tonne INR |
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| Renewable Energy Share % |
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Extracted by Screener AI
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 17 May
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Announcement under Regulation 30 (LODR)-Change in Management
16 May - Mangalam Cement appoints Pankaj Kumar as Joint President (Operations) from 16 May 2026.
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Corporate Action-Board approves Dividend
16 May - FY26 audited results approved; Rs1.50 dividend, AGM on 21 Aug 2026, record date 14 Aug.
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Board Meeting Outcome for Outcome Of Board Meeting
16 May - Mangalam Cement approved FY26 audited results, recommended Rs1.50 dividend, set 14 Aug record date, AGM on 21 Aug.
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Announcement under Regulation 30 (LODR)-Change in Management
13 May - President (Operations) Sunil Kumar Sachan resigned on 13 May 2026; relieved effective close of business 15 May 2026.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
Concalls
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May 2022TranscriptPPT
Products
The Company sells regular OPC, PPC cements and clinker under the brand Birla Uttam. [1]