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 ₹ 800 Cr.
- Current Price ₹ 269
- High / Low ₹ 296 / 136
- Stock P/E 19.3
- Book Value ₹ 93.4
- Dividend Yield 0.07 %
- ROCE 13.9 %
- ROE 12.7 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 2.89 times its book value
- Tax rate seems low
- Company has a low return on equity of 13.5% over last 3 years.
- Debtor days have increased from 44.0 to 57.6 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
Commodities Metals & Mining Metals & Minerals Trading Trading - Metals
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 302 | 522 | 644 | 818 | 1,060 | 1,267 | |
| 297 | 510 | 625 | 779 | 1,005 | 1,189 | |
| Operating Profit | 6 | 12 | 19 | 38 | 55 | 78 |
| OPM % | 2% | 2% | 3% | 5% | 5% | 6% |
| 0 | 10 | 6 | 4 | 7 | 8 | |
| Interest | 2 | 2 | 4 | 15 | 24 | 33 |
| Depreciation | 0 | 1 | 5 | 7 | 9 | 10 |
| Profit before tax | 4 | 19 | 16 | 20 | 30 | 43 |
| Tax % | 26% | 33% | -12% | -12% | -0% | |
| 3 | 12 | 18 | 23 | 30 | 43 | |
| EPS in Rs | 833.33 | 6.88 | 7.03 | 8.40 | 9.93 | 14.56 |
| Dividend Payout % | 0% | 15% | 14% | 12% | 2% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 27% |
| TTM: | 30% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 70% |
| TTM: | 31% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 36% |
| 1 Year: | 90% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 14% |
| Last Year: | 13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.20 | 18 | 24 | 26 | 30 | 30 |
| Reserves | 13 | 27 | 111 | 154 | 226 | 248 |
| 17 | 47 | 85 | 103 | 192 | 223 | |
| 17 | 30 | 39 | 131 | 189 | 272 | |
| Total Liabilities | 47 | 123 | 259 | 414 | 636 | 772 |
| 2 | 51 | 92 | 103 | 99 | 95 | |
| CWIP | 0 | 0 | 0 | 2 | 0 | 3 |
| Investments | 5 | 4 | 3 | 3 | 32 | 37 |
| 40 | 68 | 164 | 306 | 506 | 637 | |
| Total Assets | 47 | 123 | 259 | 414 | 636 | 772 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 6 | 2 | -61 | -10 | -87 | |
| -1 | -40 | -38 | -20 | -7 | |
| -4 | 43 | 98 | 26 | 94 | |
| Net Cash Flow | 1 | 4 | -1 | -4 | -0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 12 | 11 | 30 | 44 | 58 |
| Inventory Days | 42 | 31 | 46 | 84 | 123 |
| Days Payable | 27 | 16 | 9 | 28 | 49 |
| Cash Conversion Cycle | 27 | 26 | 67 | 100 | 131 |
| Working Capital Days | 5 | -8 | 29 | 39 | 48 |
| ROCE % | 17% | 10% | 14% | 14% |
Documents
Announcements
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Outcome of Board Meeting
24 February 2026 - Board approved private placement of NCDs up to Rs100 crore; Debentures Committee constituted (24 Feb 2026).
-
Credit Rating
5 February 2026 - Acuite assigned/upgraded ratings for bank facilities totaling Rs.251.00 crore (LT A- / ST A2+ for various limits).
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Copy of Newspaper Publication
20 January 2026 - Newspaper publication of standalone and consolidated results for quarter and nine months ended 31 Dec 2025 (published Jan 19, 2026).
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Outcome of Board Meeting
17 January 2026 - Approved unaudited Q3/9M results; approved 10.4 MW DC solar at Halol, 25-year land lease.
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Press Release
17 January 2026 - Q3 FY26 PAT ₹14.03 crore (up 75% YoY); revenue ₹350.56 crore; 10.4 MW solar at Halol.
Business Overview:[1][2][3]
MWL is promoted by Ahmedabad-based Mangalam Group. It is an ISO-9001:2015, ISO-14001:2015, ISO 45001:2018, QMS certified, fully integrated stainless steel manufacturer—from scrap melting to finished seamless pipes and tubes.