Mangalam Alloys Ltd
Incorporated in 1988, Mangalam Alloys Ltd manufactures and distributes high quality Stainless Steel products[1]
- Market Cap ₹ 86.8 Cr.
- Current Price ₹ 35.2
- High / Low ₹ 52.3 / 32.6
- Stock P/E 7.95
- Book Value ₹ 54.8
- Dividend Yield 0.00 %
- ROCE 10.8 %
- ROE 10.7 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.64 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: | -32% |
| 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
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
13 January 2025 - Mangalam Alloys Limited has informed about Certificate under SEBI (Depositories and Participants) Regulations, 2018
-
Reply to Clarification- Financial results
13 January 2025 - Exchange had sought clarification from Mangalam Alloys Limited for the quarter ended 30-Sep-2024 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On …
-
Updates
28 December 2024 - Mangalam Alloys Limited has informed regarding 'In continuation to our announcement dated 15th November, 2024 we hereby submit updated financial result for the half year …
-
Clarification - Financial Results
12 December 2024 - Exchange has sought clarification from Mangalam Alloys Limited for the quarter ended 30-Sep-2024 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On …
-
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
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