Manglam Infra & Engineering Ltd
Incorporated in 2010, Manglam Infra and Engineering Ltd offers infrastructure development and engineering services[1]
- Market Cap ₹ 20.2 Cr.
- Current Price ₹ 11.4
- High / Low ₹ 35.0 / 10.7
- Stock P/E 14.7
- Book Value ₹ 26.0
- Dividend Yield 0.00 %
- ROCE 12.9 %
- ROE 9.55 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.42 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Earnings include an other income of Rs.1.41 Cr.
- Company has high debtors of 203 days.
- Company's cost of borrowing seems high
* 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
Services Services Commercial Services & Supplies Consulting Services
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Sep 2023 6m | Mar 2024 9m | Mar 2025 | TTM | |
|---|---|---|---|---|
| 9.23 | 34.65 | 45.05 | 40.83 | |
| 5.30 | 24.70 | 39.83 | 37.84 | |
| Operating Profit | 3.93 | 9.95 | 5.22 | 2.99 |
| OPM % | 42.58% | 28.72% | 11.59% | 7.32% |
| 0.04 | 0.14 | 1.07 | 1.41 | |
| Interest | 0.09 | 0.30 | 0.62 | 0.68 |
| Depreciation | 0.20 | 0.89 | 1.66 | 1.92 |
| Profit before tax | 3.68 | 8.90 | 4.01 | 1.80 |
| Tax % | 27.99% | 25.73% | 26.68% | |
| 2.65 | 6.62 | 2.93 | 1.37 | |
| EPS in Rs | 2.09 | 5.23 | 1.67 | 0.78 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 30% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -56% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -50% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 10% |
Balance Sheet
Figures in Rs. Crores
| Sep 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|
| Equity Capital | 12.66 | 12.66 | 17.60 | 17.60 |
| Reserves | 0.33 | 4.22 | 26.67 | 28.12 |
| 3.63 | 4.47 | 5.88 | 2.96 | |
| 11.46 | 12.25 | 14.17 | 8.23 | |
| Total Liabilities | 28.08 | 33.60 | 64.32 | 56.91 |
| 5.10 | 5.19 | 6.62 | 10.21 | |
| CWIP | 0.60 | 0.78 | 2.65 | 0.00 |
| Investments | 0.00 | 0.00 | 14.54 | 8.26 |
| 22.38 | 27.63 | 40.51 | 38.44 | |
| Total Assets | 28.08 | 33.60 | 64.32 | 56.91 |
Cash Flows
Figures in Rs. Crores
| Sep 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| -0.07 | 0.33 | -20.59 | |
| -0.36 | -1.23 | -4.01 | |
| 0.44 | 1.39 | 24.33 | |
| Net Cash Flow | 0.01 | 0.49 | -0.27 |
| Free Cash Flow | -0.43 | -0.47 | -25.53 |
| CFO/OP | 18% | 12% | -394% |
Ratios
Figures in Rs. Crores
| Sep 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Debtor Days | 525.55 | 176.13 | 203.04 |
| Inventory Days | |||
| Days Payable | |||
| Cash Conversion Cycle | 525.55 | 176.13 | 203.04 |
| Working Capital Days | 187.44 | 77.53 | 121.37 |
| ROCE % | 12.90% |
Insights
In beta| Mar 2024 | Mar 2025 | |
|---|---|---|
| Days Receivable (Debtors Days) Days |
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| Total Employees Number |
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| Equipment Productivity Growth % |
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| New Indian States Entered Number |
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| On-time Project Delivery Ratio % |
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| Order Book Value Rs. Crore |
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| Peak On-site Workforce Number |
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Documents
Announcements
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Trading Window
23 March 2026 - Trading window closed Apr 1, 2026 until 48 hours after audited results for year ended March 31, 2026.
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General Updates
21 March 2026 - Won Rs.1,92,98,500 DPR consultancy for NH-326/NH-326A; 10-month engagement (awarded 21-Mar-2026).
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Shareholders meeting
12 February 2026 - Feb 11, 2026: Shareholders approved MOA object alteration and disposal/mortgage of whole undertaking.
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Copy of Newspaper Publication
13 January 2026 - Newspaper ad: postal ballot notice dispatched electronically on Jan 13, 2026; available on company website.
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Shareholders meeting
12 January 2026 - Postal ballot to amend object clause and permit sale/disposal of undertaking; to secure borrowings up to ₹100 crore. E-vote Jan13–Feb11,2026.
Business Overview:[1][2]
MIEL started as a partnership firm in the name of Manglam Associates.
Currently, it is a Bhopal-based SME that offers all kinds of advisory
and consultancy services related with infrastructure in areas of roads,
bridges and including project mgmt.. civil designing and engineering, and
construction management and technical consulting services for civil construction
works