Mangalam Global Enterprise Ltd

Mangalam Global Enterprise Ltd

₹ 22.3 -3.25%
23 Feb 3:53 p.m.
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 322 Cr.
  • Current Price 22.3
  • High / Low 28.2 / 11.5
  • Stock P/E 19.9
  • Book Value 8.63
  • Dividend Yield 0.09 %
  • ROCE 10.8 %
  • ROE 13.8 %
  • Face Value 2.00

Pros

  • Company has been maintaining a healthy dividend payout of 35.3%

Cons

  • Stock is trading at 2.59 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 8.69% over last 3 years.
  • Earnings include an other income of Rs.13.9 Cr.
  • Debtor days have increased from 37.9 to 53.8 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

Consolidated Figures in Rs. Crores / View Standalone

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
197.05 267.63 256.52 170.45 256.17 594.17 284.66 221.13 573.43 333.13 323.96 440.40 531.97
195.18 265.22 255.53 171.16 252.44 588.01 290.71 222.15 564.48 319.83 314.42 436.11 526.23
Operating Profit 1.87 2.41 0.99 -0.71 3.73 6.16 -6.05 -1.02 8.95 13.30 9.54 4.29 5.74
OPM % 0.95% 0.90% 0.39% -0.42% 1.46% 1.04% -2.13% -0.46% 1.56% 3.99% 2.94% 0.97% 1.08%
0.67 2.27 1.54 1.92 1.50 3.67 5.05 10.47 1.46 1.29 2.43 5.56 4.58
Interest 1.99 2.11 2.60 2.50 2.77 2.67 2.65 3.27 3.79 4.03 6.55 6.77 6.32
Depreciation 0.55 0.55 0.78 1.04 1.09 0.84 0.72 0.74 0.76 0.90 0.97 0.93 0.53
Profit before tax 0.00 2.02 -0.85 -2.33 1.37 6.32 -4.37 5.44 5.86 9.66 4.45 2.15 3.47
Tax % 21.29% 22.35% 24.46% 22.63% 21.36% 21.51% 18.75% 23.04% 20.19% -3.15% 55.81% 16.43%
0.08 1.59 -0.66 -1.76 1.06 4.98 -3.43 4.42 4.51 7.71 4.59 0.95 2.90
EPS in Rs 0.03 0.15 -0.04 -0.12 0.11 0.38 -0.26 0.34 0.33 0.56 0.32 0.07 0.20
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
390 582 960 1,279 1,424 1,629
382 570 948 1,266 1,395 1,597
Operating Profit 8 11 12 13 29 33
OPM % 2% 2% 1% 1% 2% 2%
0 2 5 6 5 14
Interest 3 8 8 11 15 24
Depreciation 1 3 3 4 3 3
Profit before tax 3 3 6 4 16 20
Tax % 28% 20% 20% 20% 21%
2 2 5 4 13 16
EPS in Rs 1.34 0.26 0.46 0.33 0.92 1.15
Dividend Payout % 2% 51% 43% 61% 2%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 35%
TTM: -3%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 75%
TTM: 89%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 34%
1 Year: 3%
Return on Equity
10 Years: %
5 Years: %
3 Years: 9%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 2 16 25 26 28 29
Reserves 32 43 44 50 85 96
29 56 122 137 254 233
8 19 31 58 72 78
Total Liabilities 71 134 222 271 439 436
26 44 34 38 65 58
CWIP 4 0 0 0 10 0
Investments 2 3 3 3 3 3
38 86 184 230 361 374
Total Assets 71 134 222 271 439 436

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-46 13 -44 -29 -67
-30 -25 -14 34 -41
76 13 61 -7 109
Net Cash Flow 1 0 2 -1 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 7 13 37 22 54
Inventory Days 15 15 9 35 19
Days Payable 2 2 12 13 19
Cash Conversion Cycle 19 26 35 45 54
Working Capital Days 27 31 43 45 67
ROCE % 12% 9% 7% 11%

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

Documents