Mangalam Cement Ltd

₹ 1,045 1.70%

24 Aug - close price

mangalamcement.com BSE: 502157 NSE: MANGLMCEM

About

Mangalam Cement Limited, part of the
B.K. Birla Group is a North and Central
India-focused cement manufacturer
selling under the Birla Uttam and
Mangalam ProMaxX brands. It
operates an integrated cement
complex at Morak, Rajasthan,
a grinding unit at Aligarh, Uttar
Pradesh, and a small MDF-board
division at Nabarangpur, Odisha.

Key Points

Product Profile:^[1]
The company sells regular OPC, PPC cements and clinker under the brand Birla Uttam.

Website BSE NSE

Market Cap ₹ 2,875 Cr.
Current Price ₹ 1,045
High / Low ₹ 1,085 / 679
Stock P/E 22.1
Book Value ₹ 355
Dividend Yield 0.14 %
ROCE 11.0 %
ROE 16.3 %
Face Value ₹ 10.0

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Pros

Cons

Stock is trading at 2.94 times its book value
The company has delivered a poor sales growth of 6.15% over past five years.
Tax rate seems low
Company has a low return on equity of 10.1% over last 3 years.

* 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 Construction Materials Cement & Cement Products Cement & Cement Products

Part of BSE Commodities

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	421	428	439	437	381	359	438	503	452	395	421	490	455
	369	380	382	392	351	329	395	449	377	352	376	436	402
Operating Profit	51	48	57	46	30	30	43	54	75	43	45	54	53
OPM %	12%	11%	13%	10%	8%	8%	10%	11%	17%	11%	11%	11%	12%
	6	8	6	19	32	10	5	13	11	10	6	-4	11
Interest	16	18	17	17	16	17	16	19	17	16	15	16	18
Depreciation	18	18	19	19	19	19	19	21	20	20	20	20	22
Profit before tax	23	20	27	29	26	4	13	27	49	16	16	13	24
Tax %	36%	41%	41%	41%	35%	10%	40%	37%	34%	-22%	27%	-400%	24%
	15	12	16	17	17	3	8	17	32	20	11	65	18
EPS in Rs	5.34	4.29	5.80	6.28	6.20	1.19	2.84	6.15	11.73	7.31	4.13	23.72	6.57
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Profit & Loss

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	922	842	1,045	1,080	1,200	1,228	1,305	1,566	1,802	1,725	1,681	1,758	1,762
	831	797	927	997	1,142	1,029	1,060	1,348	1,654	1,523	1,520	1,538	1,567
Operating Profit	90	45	118	82	57	200	245	218	148	203	161	221	195
OPM %	10%	5%	11%	8%	4.8%	16%	19%	14%	8%	12%	10%	13%	11%
	0	6	21	28	24	30	25	27	16	38	57	18	22
Interest	38	46	47	47	51	63	69	64	66	68	69	64	66
Depreciation	34	37	40	44	46	49	63	62	69	74	79	81	83
Profit before tax	19	-31	50	19	-16	117	138	119	28	99	70	94	69
Tax %	6%	-31%	27%	40%	-39%	35%	32%	35%	38%	40%	36%	-37%
	18	-21	37	11	-10	76	93	78	17	60	45	129	115
EPS in Rs	6.71	-8.04	13.72	4.26	-3.65	28.43	35.02	28.26	6.23	21.72	16.39	46.90	41.73
Dividend Payout %	30%	-6%	5%	12%	-14%	4%	4%	5%	24%	7%	9%	3%

Compounded Sales Growth
10 Years:	8%
5 Years:	6%
3 Years:	-1%
TTM:	1%

Compounded Profit Growth
10 Years:	24%
5 Years:	10%
3 Years:	81%
TTM:	116%

Stock Price CAGR
10 Years:	11%
5 Years:	18%
3 Years:	46%
1 Year:	47%

Return on Equity
10 Years:	8%
5 Years:	9%
3 Years:	10%
Last Year:	16%

Balance Sheet

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	27	27	27	27	27	27	28	28	28	28	28	28
Reserves	491	447	479	488	477	549	640	715	729	784	824	950
	382	428	391	372	518	585	632	628	621	607	627	888
	312	291	316	333	393	432	558	558	612	649	687	559
Total Liabilities	1,212	1,192	1,213	1,220	1,414	1,593	1,858	1,928	1,990	2,068	2,166	2,425
	757	744	814	831	821	915	980	1,141	1,170	1,165	1,185	1,308
CWIP	31	71	49	5	73	21	112	10	17	43	5	54
Investments	36	20	28	36	33	65	71	104	78	84	91	76
	388	358	323	348	487	591	694	673	725	776	884	987
Total Assets	1,212	1,192	1,213	1,220	1,414	1,593	1,858	1,928	1,990	2,068	2,166	2,425

Cash Flows

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	48	75	163	86	84	216	234	189	139	182	188	94
	-50	-62	-91	-17	-176	-156	-172	-134	-64	-112	-132	-297
	-18	-13	-77	-67	83	3	-41	-73	-89	-86	-63	183
Net Cash Flow	-20	-0	-5	2	-9	63	20	-18	-14	-15	-7	-20
Free Cash Flow	-4	10	76	68	-17	50	156	65	14	84	73	-224
CFO/OP	49%	167%	140%	111%	147%	114%	102%	98%	103%	94%	125%	45%

Ratios

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	11	15	12	12	11	8	11	9	8	7	9	8
Inventory Days	305	202	216	210	200	421	366	270	320	492	326	427
Days Payable	200	194	269	270	286	463	316	235	310	377	290	271
Cash Conversion Cycle	116	23	-40	-47	-75	-34	60	43	17	123	45	164
Working Capital Days	21	-21	-42	-43	-25	-37	-56	-54	-67	-77	-91	-105
ROCE %	7%	2%	11%	7%	3%	17%	17%	14%	8%	12%	10%	11%

Insights

In beta

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Cement Capacity Utilization
%

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		x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx
		x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx
	xx			xx	xx	xx	xx	xx	xx	xx

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Cement Installed Capacity
Million Tonnes Per Annum (MTPA)

Clinker Production
Million Metric Tonnes (MMT)

Cement Production Volume
Million Metric Tonnes (MMT)

Cement Sales Volume
Million Metric Tonnes (MMT)

Captive Power Capacity (incl. WHRS, Wind)
MW

Clinker Installed Capacity
Million Tonnes Per Annum (MTPA)

Dealer Network
Number

Blended Cement (PPC) Sales Mix
% of cement volume

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

1 Recently

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	36.32%	36.63%	36.94%	36.94%	36.94%	37.82%	39.53%	39.53%	40.01%	40.01%	40.01%	40.01%
	6.82%	6.20%	5.70%	6.32%	6.17%	6.07%	5.81%	5.87%	6.07%	5.80%	5.59%	5.53%
	2.62%	3.40%	4.36%	4.75%	4.78%	4.79%	4.98%	7.09%	6.94%	6.78%	6.17%	6.17%
	54.26%	53.76%	53.00%	51.97%	52.10%	51.33%	49.69%	47.52%	46.97%	47.43%	48.25%	48.30%
No. of Shareholders	34,988	32,210	34,065	32,431	33,027	33,427	31,750	31,516	31,949	31,419	30,066	29,390

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	13.28%	16.51%	18.21%	20.83%	24.50%	26.63%	31.95%	36.94%	39.53%	40.01%	40.01%
	11.41%	10.54%	8.16%	11.77%	4.89%	6.52%	6.41%	5.70%	5.81%	5.59%	5.53%
	4.43%	3.78%	3.02%	2.94%	2.88%	2.60%	2.60%	4.36%	4.98%	6.17%	6.17%
	70.88%	69.17%	70.61%	64.46%	67.73%	64.25%	59.04%	53.00%	49.69%	48.25%	48.30%
No. of Shareholders	22,309	19,035	17,673	16,599	19,179	37,377	36,201	34,065	31,750	30,066	29,390

* 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.

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Mangalam Cement Ltd

Mangalam Cement Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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