Mangalam Worldwide Ltd
Incorporated in 1995, Mangalam Worldwide Ltd manufactures and trades steel products and other merchandise. It also provides consultancy service[1]
- Market Cap ₹ 320 Cr.
- Current Price ₹ 130
- High / Low ₹ 160 / 104
- Stock P/E 18.7
- Book Value ₹ 59.9
- Dividend Yield 0.77 %
- ROCE 9.75 %
- ROE 14.1 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 314% CAGR over last 5 years
Cons
- Tax rate seems low
- Company might be capitalizing the interest cost
- Working capital days have increased from 40.7 days to 70.7 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: Steel Industry: Steel - Medium / Small
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|
31 | 35 | 327 | 302 | 522 | 644 | 764 | |
31 | 35 | 325 | 297 | 510 | 626 | 736 | |
Operating Profit | 0 | 0 | 2 | 6 | 12 | 18 | 29 |
OPM % | 0% | 0% | 1% | 2% | 2% | 3% | 4% |
0 | 0 | 1 | 0 | 10 | 5 | 1 | |
Interest | 0 | 0 | 1 | 2 | 2 | 3 | 8 |
Depreciation | 0 | 0 | 0 | 0 | 1 | 5 | 6 |
Profit before tax | 0 | 0 | 2 | 4 | 19 | 15 | 16 |
Tax % | 50% | 29% | 26% | 26% | 33% | -3% | |
0 | 0 | 1 | 3 | 12 | 16 | 17 | |
EPS in Rs | 5.13 | 70.99 | 425.93 | 833.33 | 6.88 | 6.43 | 6.98 |
Dividend Payout % | 4% | 2% | 0% | 0% | 15% | 16% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 83% |
3 Years: | 25% |
TTM: | 24% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 314% |
3 Years: | 107% |
TTM: | 168% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 29% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 16% |
3 Years: | 16% |
Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|
Equity Capital | 0 | 0 | 0 | 0 | 18 | 24 | 24 |
Reserves | 1 | 9 | 10 | 13 | 27 | 103 | 122 |
Preference Capital | 0 | 0 | 0 | 0 | 0 | 0 | |
1 | 3 | 19 | 16 | 47 | 86 | 114 | |
4 | 0 | 30 | 17 | 30 | 34 | 59 | |
Total Liabilities | 6 | 12 | 59 | 46 | 123 | 248 | 320 |
1 | 1 | 1 | 1 | 51 | 78 | 78 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 4 |
Investments | 1 | 5 | 5 | 5 | 4 | 4 | 5 |
4 | 6 | 53 | 40 | 68 | 166 | 234 | |
Total Assets | 6 | 12 | 59 | 46 | 123 | 248 | 320 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|
0 | -5 | -15 | 6 | 2 | -70 | |
-1 | -4 | 0 | 0 | -42 | -25 | |
1 | 9 | 15 | -5 | 44 | 103 | |
Net Cash Flow | -0 | 0 | 0 | 1 | 4 | 7 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|
Debtor Days | 12 | 43 | 13 | 12 | 11 | 30 |
Inventory Days | 29 | 0 | 42 | 42 | 31 | 47 |
Days Payable | 44 | 37 | 27 | 16 | 9 | |
Cash Conversion Cycle | -2 | 43 | 18 | 27 | 26 | 67 |
Working Capital Days | 0 | 57 | 25 | 26 | 25 | 71 |
ROCE % | 6% | 15% | 20% | 18% | 10% |
Business Overview:[1][2]
MWL is promoted by Ahmedabad based Mangalam Group. It is an ISO-9001:2015, ISO-14001:2015, ISO 45001:2018, QMS certified multi location, fully integrated Stainless Steel Mill where it does manufacturing and trading of steel products.