Mangalam Alloys Ltd
Incorporated in 1988, Mangalam Alloys Ltd manufactures and distributes high quality Stainless Steel products[1]
- Market Cap ₹ 91.3 Cr.
- Current Price ₹ 37.0
- High / Low ₹ 59.8 / 32.6
- Stock P/E 8.36
- Book Value ₹ 54.8
- Dividend Yield 0.00 %
- ROCE 10.8 %
- ROE 10.7 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.67 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -3.23% over past five years.
- Company has a low return on equity of 9.16% 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
Sector: Steel Industry: Steel - Medium / Small
Quarterly 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 | Mar 2024 | |
|---|---|---|---|---|---|---|---|
| 269 | 359 | 346 | 271 | 309 | 303 | 304 | |
| 242 | 325 | 318 | 258 | 280 | 269 | 270 | |
| Operating Profit | 26 | 34 | 28 | 13 | 28 | 33 | 34 |
| OPM % | 10% | 10% | 8% | 5% | 9% | 11% | 11% |
| 2 | 0 | 1 | 1 | 0 | 5 | 1 | |
| Interest | 10 | 12 | 13 | 15 | 14 | 19 | 20 |
| Depreciation | 6 | 6 | 7 | 8 | 8 | 7 | 7 |
| Profit before tax | 12 | 17 | 8 | -9 | 6 | 13 | 8 |
| Tax % | 26% | 25% | 19% | -28% | 17% | 22% | -43% |
| 9 | 12 | 7 | -7 | 5 | 10 | 11 | |
| EPS in Rs | 5.09 | 7.01 | 3.68 | -3.52 | 2.72 | 5.46 | 4.65 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -3% |
| 3 Years: | 4% |
| TTM: | -4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -2% |
| 3 Years: | 54% |
| TTM: | -24% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -31% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 6% |
| 3 Years: | 9% |
| Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 18 | 18 | 18 | 19 | 19 | 19 | 25 | 25 |
| Reserves | 32 | 44 | 50 | 45 | 50 | 60 | 110 | 111 |
| 116 | 143 | 151 | 168 | 164 | 154 | 151 | 179 | |
| 60 | 80 | 107 | 81 | 68 | 99 | 105 | 132 | |
| Total Liabilities | 225 | 285 | 326 | 312 | 301 | 332 | 390 | 446 |
| 50 | 71 | 83 | 78 | 82 | 77 | 96 | 93 | |
| CWIP | 14 | 0 | 0 | 0 | 0 | 6 | 0 | 0 |
| Investments | 19 | 19 | 19 | 19 | 19 | 0 | 0 | 0 |
| 142 | 195 | 223 | 215 | 199 | 248 | 295 | 353 | |
| Total Assets | 225 | 285 | 326 | 312 | 301 | 332 | 390 | 446 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|
| 9 | -0 | 12 | 5 | 31 | 13 | 9 | |
| -19 | -13 | -20 | -2 | -12 | 17 | -18 | |
| 10 | 13 | 8 | -3 | -18 | -29 | 10 | |
| Net Cash Flow | 0 | -0 | 0 | -0 | -0 | -0 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 80 | 77 | 80 | 80 | 69 | 110 | 107 |
| Inventory Days | 134 | 155 | 171 | 240 | 199 | 220 | 244 |
| Days Payable | 103 | 106 | 119 | 124 | 91 | 140 | 159 |
| Cash Conversion Cycle | 111 | 126 | 131 | 196 | 177 | 190 | 191 |
| Working Capital Days | 114 | 104 | 125 | 190 | 163 | 189 | 226 |
| ROCE % | 15% | 10% | 2% | 9% | 11% | 11% |
Documents
Announcements
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Statement of deviation(s) or variation(s) under Reg. 32
15 November 2024 - Mangalam Alloys Limited has informed about statement of deviation(s) or variation(s) under Reg. 32
-
Outcome of Board Meeting
15 November 2024 - A meeting of the Board was held today i.e Thursday, 14th November, 2024 as required under Regulation 30 (Schedule 111 Part A (4) of SEBI …
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Financial Result Updates
15 November 2024 - Mangalam Alloys Limited has submitted to the Exchange, the financial results for the period ended September 30, 2024.
-
Board Meeting Intimation
6 November 2024 - MANGALAM ALLOYS LIMITED has informed about Board Meeting to be held on 14-Nov-2024 to consider and approve the Half Yearly Unaudited Financial results of the …
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
14 October 2024 - Mangalam Alloys Limited has informed about With reference to the Regulation 74 (5) of the SEBI (Depositories & Participants) Regulation 2018,Please find attached herewith certificate …
Business Overview:[1][2][3]
a) MAL is the flagship company of Unison Metal Limited group
b) It is an ISO 9001:2015 and PED certified, and also recognized as Two Star Export House by DGFT, India.
c) Company manufactures various types of Steel products in 15+ international grades and in size range from 3mm to 400mm Black Round Bars, SS RCS, Forging, Hexagonal and Square, Bars, Steel Ignots, Bright Round Bar, Fasteners, Flat Bars, and Angle Bars
d) Their business model is B2B including Oil and Gas, Pump Sector, Engineering Sector