Mangalam Global Enterprise Ltd

Mangalam Global Enterprise Ltd

₹ 19.6 1.29%
28 Mar - close price
About

Incorporated in 2010, Mangalam Global Enterprise Ltd manufactures and deals in Edible, Non-edible Oil, Seeds and its derivatives[1]

Key Points

Business Overview:[1][2]
MGEL is a part of Ahmedabad-based Mangalam group, which deals in manufacturing and trading of:
a) Refined Castor Oil, First Special Grad, Castor De-Oiled Cake and High Protein Castor De-Oiled Cake for domestic and international markets
b) Cotton bales, Cotton seeds, Cotton Cake, Cattle Feed, Cotton Wash Oil, processing of wheat and rice
c) Mustard seed, Mustard oil, Mustard Meal, Mustard cake, Soya seed, Soya refined oil, Soya Meal, Soya cake, Wheat and Rice, and other agricultural products
d) Company has entered into B2C market by launching new products under the brand “LAGNAM” in domestic market
e) It is also a service provider for liaising
and clearing service and from lease rentals

  • Market Cap 283 Cr.
  • Current Price 19.6
  • High / Low 28.2 / 12.6
  • Stock P/E 17.3
  • Book Value 8.32
  • Dividend Yield 0.10 %
  • ROCE 10.2 %
  • ROE 12.8 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 114% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 38.8%

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 9.27% over last 3 years.
  • Earnings include an other income of Rs.12.6 Cr.
  • Debtor days have increased from 28.8 to 48.2 days.
  • Working capital days have increased from 50.9 days to 73.0 days

* 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: Edible Oil Industry: Solvent Extraction

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
192.26 225.98 243.46 153.13 221.56 570.64 238.13 174.98 530.27 277.81 285.21 411.97 500.96
191.07 224.74 242.81 153.92 218.38 564.23 244.35 169.85 522.16 265.19 276.46 408.06 494.14
Operating Profit 1.19 1.24 0.65 -0.79 3.18 6.41 -6.22 5.13 8.11 12.62 8.75 3.91 6.82
OPM % 0.62% 0.55% 0.27% -0.52% 1.44% 1.12% -2.61% 2.93% 1.53% 4.54% 3.07% 0.95% 1.36%
1.36 2.48 1.94 2.21 2.10 1.90 5.65 2.40 1.00 1.39 2.50 4.71 4.05
Interest 1.42 1.62 2.19 2.19 2.42 2.48 2.44 2.91 3.24 3.50 6.41 6.29 5.74
Depreciation 0.35 0.35 0.59 0.85 0.90 0.77 0.72 0.73 0.72 0.86 0.93 0.89 0.48
Profit before tax 0.78 1.75 -0.19 -1.62 1.96 5.06 -3.73 3.89 5.15 9.65 3.91 1.44 4.65
Tax % 20.51% 29.71% 15.79% 26.54% 25.00% 25.10% 25.20% 26.22% 26.21% 16.89% -3.58% 83.33% 12.26%
0.61 1.23 -0.15 -1.19 1.46 3.80 -2.80 2.88 3.80 8.02 4.05 0.25 4.07
EPS in Rs 0.05 0.10 -0.01 -0.09 0.12 0.29 -0.22 0.22 0.27 0.58 0.28 0.02 0.28
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
0 0 0 1 1 3 27 330 573 908 1,190 1,224 1,476
0 0 0 1 1 3 26 324 562 899 1,179 1,199 1,444
Operating Profit 0 0 0 -0 0 0 0 5 11 9 11 25 32
OPM % 100% -16% 9% 6% 2% 2% 2% 1% 1% 2% 2%
0 0 0 0 0 0 0 1 2 6 6 6 13
Interest 0 0 0 0 0 0 0 3 6 5 9 13 22
Depreciation 0 0 0 0 0 0 0 0 3 2 3 3 3
Profit before tax 0 0 0 0 0 0 0 3 5 7 5 15 20
Tax % 0% 25% 0% 33% 24% 27% 20% 25% 25% 20%
0 0 0 0 0 0 0 2 4 5 4 12 16
EPS in Rs 0.00 0.00 0.33 1.67 0.33 3.00 0.63 1.26 0.33 0.42 0.30 0.86 1.16
Dividend Payout % 0% 0% 0% 0% 0% 2% 41% 47% 67% 2%
Compounded Sales Growth
10 Years: %
5 Years: 115%
3 Years: 29%
TTM: -3%
Compounded Profit Growth
10 Years: %
5 Years: 114%
3 Years: 44%
TTM: 113%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 29%
1 Year: 42%
Return on Equity
10 Years: %
5 Years: 9%
3 Years: 9%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 0 0 0 0 0 0 1 2 16 25 26 28 29
Reserves 0 -0 -0 -0 -0 0 5 30 41 42 49 82 91
0 0 1 2 3 6 2 11 32 87 115 238 211
-0 0 0 0 0 1 2 3 20 12 50 35 68
Total Liabilities 0 0 1 3 3 7 9 46 110 165 240 383 398
0 0 0 2 2 6 7 7 24 14 35 57 51
CWIP 0 0 0 0 0 0 0 0 0 0 0 10 0
Investments 0 0 0 0 0 0 0 4 12 16 18 14 14
0 0 1 0 1 1 2 35 74 135 187 302 334
Total Assets 0 0 1 3 3 7 9 46 110 165 240 383 398

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0 0 0 -3 1 -50 19 -30 -38 -79
0 0 0 -3 -2 -9 -25 -14 23 -39
0 0 0 6 1 59 7 44 15 117
Net Cash Flow 0 0 0 0 -0 -0 1 -0 -0 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 0 0 0 20 24 8 8 23 16 48
Inventory Days 314 478 3 0 17 15 9 38 22
Days Payable 8 13 3 2 1 5 12 10
Cash Conversion Cycle 0 306 466 20 24 23 22 28 41 60
Working Capital Days 0 -33 216 114 8 36 30 38 42 73
ROCE % 0% 0% 7% -2% 2% 3% 5% 22% 16% 10% 9% 10%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
73.34% 73.74% 74.54% 74.54% 72.99% 72.31% 72.30% 73.99% 73.97% 74.99% 74.99% 74.99%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.77% 0.72% 0.08% 0.08% 0.07% 0.00%
0.00% 0.00% 0.00% 0.00% 0.16% 0.77% 0.00% 0.00% 0.00% 0.00% 0.05% 0.05%
26.66% 26.27% 25.46% 25.47% 26.86% 26.93% 26.93% 25.29% 25.95% 24.93% 24.89% 24.96%
No. of Shareholders 5267241,2721,5412,2082,3174,2035,0296,0725,8776,51310,323

* 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.

Click on the line-items to see the names of individual entities.

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