Mangalam Organics Ltd
Incorporated in 1981, Mangalam Organics
Ltd is a manufacturer of Camphor, Resin
and Sodium Acetate[1]
- Market Cap ₹ 418 Cr.
- Current Price ₹ 490
- High / Low ₹ 654 / 339
- Stock P/E 25.0
- Book Value ₹ 349
- Dividend Yield 0.00 %
- ROCE 6.21 %
- ROE 2.71 %
- Face Value ₹ 10.0
Pros
- Company's working capital requirements have reduced from 41.3 days to 19.4 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 1.82% over past five years.
- Company has a low return on equity of -1.57% over last 3 years.
- Earnings include an other income of Rs.24.8 Cr.
* 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 Chemicals Chemicals & Petrochemicals Commodity Chemicals
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 231 | 239 | 169 | 176 | 241 | 425 | 375 | 338 | 491 | 467 | 405 | 410 | 448 | |
| 213 | 223 | 196 | 164 | 216 | 316 | 288 | 210 | 400 | 470 | 371 | 362 | 412 | |
| Operating Profit | 19 | 15 | -27 | 12 | 25 | 109 | 86 | 128 | 91 | -3 | 34 | 48 | 37 |
| OPM % | 8% | 6% | -16% | 7% | 10% | 26% | 23% | 38% | 19% | -1% | 8% | 12% | 8% |
| 1 | 4 | 31 | 1 | 1 | 3 | -9 | 1 | 1 | 1 | 2 | 2 | 25 | |
| Interest | 8 | 6 | 6 | 4 | 3 | 4 | 5 | 1 | 4 | 13 | 15 | 20 | 25 |
| Depreciation | 5 | 6 | 5 | 5 | 6 | 6 | 9 | 14 | 15 | 17 | 19 | 19 | 19 |
| Profit before tax | 7 | 7 | -7 | 3 | 18 | 102 | 63 | 114 | 74 | -31 | 3 | 11 | 18 |
| Tax % | 33% | 39% | 41% | -63% | 21% | 28% | 24% | 26% | 26% | -19% | -20% | 27% | |
| 5 | 4 | -10 | 5 | 14 | 73 | 48 | 85 | 54 | -25 | 4 | 8 | 14 | |
| EPS in Rs | 5.28 | 4.64 | -11.42 | 5.34 | 15.97 | 84.84 | 55.98 | 99.10 | 63.39 | -29.66 | 4.85 | 9.06 | 16.14 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 6% | 1% | 2% | 2% | 2% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 2% |
| 3 Years: | -6% |
| TTM: | 19% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | -33% |
| 3 Years: | -48% |
| TTM: | 167% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 35% |
| 5 Years: | 2% |
| 3 Years: | -4% |
| 1 Year: | 12% |
| Return on Equity | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 9% |
| 3 Years: | -2% |
| Last Year: | 3% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| Reserves | 42 | 43 | 33 | 38 | 52 | 113 | 159 | 243 | 296 | 270 | 274 | 281 | 290 |
| 55 | 70 | 64 | 50 | 40 | 50 | 20 | 24 | 196 | 176 | 163 | 263 | 312 | |
| 52 | 43 | 37 | 28 | 28 | 22 | 27 | 35 | 43 | 34 | 24 | 40 | 42 | |
| Total Liabilities | 158 | 166 | 143 | 125 | 129 | 193 | 215 | 311 | 543 | 489 | 470 | 593 | 652 |
| 50 | 48 | 35 | 32 | 33 | 51 | 102 | 121 | 181 | 205 | 214 | 227 | 208 | |
| CWIP | 0 | 0 | 0 | 0 | 1 | 4 | 3 | 0 | 8 | 0 | 0 | 0 | 27 |
| Investments | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| 108 | 118 | 108 | 93 | 95 | 138 | 110 | 191 | 354 | 284 | 255 | 365 | 416 | |
| Total Assets | 158 | 166 | 143 | 125 | 129 | 193 | 215 | 311 | 543 | 489 | 470 | 593 | 652 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -5 | -0 | 12 | 21 | 25 | 29 | 93 | 26 | -85 | 66 | 55 | -46 | |
| -3 | -8 | -2 | -2 | -7 | -27 | -59 | -28 | -83 | -32 | -27 | -30 | |
| 8 | 9 | -12 | -18 | -13 | -6 | -36 | 2 | 166 | -33 | -28 | 75 | |
| Net Cash Flow | 0 | 1 | -2 | 1 | 5 | -4 | -2 | 0 | -1 | 1 | 0 | -1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 54 | 33 | 26 | 36 | 36 | 32 | 31 | 37 | 33 | 45 | 67 | 49 |
| Inventory Days | 110 | 128 | 105 | 111 | 72 | 99 | 113 | 314 | 319 | 174 | 152 | 288 |
| Days Payable | 65 | 47 | 44 | 46 | 39 | 20 | 20 | 71 | 41 | 29 | 22 | 47 |
| Cash Conversion Cycle | 98 | 114 | 87 | 100 | 69 | 111 | 124 | 280 | 311 | 190 | 197 | 290 |
| Working Capital Days | 10 | 23 | 79 | 46 | 22 | 63 | 72 | 110 | 108 | 57 | 48 | 19 |
| ROCE % | 16% | 11% | -1% | 7% | 21% | 77% | 44% | 50% | 20% | -4% | 4% | 6% |
Documents
Announcements
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Details On Execution Of Loan Agreement
2d - Rs 12 Crore ad-hoc working-capital loan from Axis Bank; 90-day tenure; executed December 2, 2025.
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Board Meeting Outcome for OUTCOME OF THE BOARD MEETING AND DETAILS OF LOAN AGREEMENT WITH AXIS BANK LIMITED
2d - Board on Nov 29, 2025 approved Rs12 crore Axis Bank ad‑hoc working capital loan; 90‑day, interest 1Y MCLR+2%
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Regulation 30 Of The SEBI (LODR) Regulations, 2015 - Notice Issued By The Office Of The Assistant Commissioner Of State Tax
22 Nov - Mangalam Organics received Nov 21, 2025 GST summons for investigation under Section 67; cooperating; no material financial impact.
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Announcement under Regulation 30 (LODR)-Investor Presentation
17 Nov - Investor Presentation for the quarter and Half year ended September 30, 2025.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
17 Nov - Newspaper Clippings for the Second quarter and Half year ended financial results - September, 2025.
Annual reports
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Financial Year 2025
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Financial Year 2024
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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 2011
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Concalls
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Nov 2025TranscriptNotesPPT
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Oct 2021TranscriptNotesPPT
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Oct 2020TranscriptNotesPPT
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Jul 2020TranscriptNotesPPT
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Jun 2020TranscriptNotesPPT
Business Overview:[1][2]
MOL is the world's largest manufacturer
of Camphor. It is an ISO 9001 /14001
/OHSAS 18001 Certified manufacturer
of Pine Chemicals such as Terpene, Synthetic Resins, etc. Company also has retail operations which include homecare and personal care products under the brand names CamPure and Mangalam