Mangalam Cement Ltd

₹ 814 1.51%

21 Nov - close price

mangalamcement.com BSE: 502157 NSE: MANGLMCEM

About

Mangalam Cement Limited, incorporated in 1976, is engaged in the manufacturing of Cement in India and is a professionally run company, managed by Smt. Vidula Jalan of the B.K. Birla group. The Co. has its own manufacturing plants in Morak (Rajasthan) and Aligarh (Uttar Pradesh). The company markets and sells its product under the brand name of Birla Uttam Cement.^[1]^[2]

Key Points

Products
The Company sells regular OPC, PPC cements and clinker under the brand Birla Uttam. ^[1]

Website BSE NSE

Market Cap ₹ 2,239 Cr.
Current Price ₹ 814
High / Low ₹ 1,096 / 421
Stock P/E 41.8
Book Value ₹ 301
Dividend Yield 0.18 %
ROCE 11.9 %
ROE 7.63 %
Face Value ₹ 10.0

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Pros

Cons

Stock is trading at 2.70 times its book value
The company has delivered a poor sales growth of 7.54% over past five years.
Company has a low return on equity of 7.26% over last 3 years.
Earnings include an other income of Rs.66.7 Cr.
Dividend payout has been low at 12.1% of profits 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: Cement Industry: Cement - North India

Part of BSE Allcap BSE Commodities BSE SmallCap

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	375.74	380.37	451.63	513.81	399.24	429.20	459.33	420.53	428.21	439.43	437.31	380.57	359.14
	338.00	333.94	396.40	439.54	392.12	407.82	414.25	369.12	380.15	382.02	391.74	350.88	329.02
Operating Profit	37.74	46.43	55.23	74.27	7.12	21.38	45.08	51.41	48.06	57.41	45.57	29.69	30.12
OPM %	10.04%	12.21%	12.23%	14.45%	1.78%	4.98%	9.81%	12.23%	11.22%	13.06%	10.42%	7.80%	8.39%
	8.22	6.98	7.99	4.36	-10.35	15.39	6.09	5.70	8.09	5.51	19.18	31.78	10.22
Interest	16.90	16.10	16.93	17.60	18.68	15.23	14.64	15.82	17.59	17.26	16.92	16.44	17.40
Depreciation	15.65	16.03	16.21	17.05	17.34	18.45	16.63	18.22	18.44	18.78	18.78	18.68	19.30
Profit before tax	13.41	21.28	30.08	43.98	-39.25	3.09	19.90	23.07	20.12	26.88	29.05	26.35	3.64
Tax %	17.45%	33.79%	41.89%	36.11%	-30.90%	83.17%	21.51%	36.28%	41.40%	40.66%	40.52%	35.22%	9.89%
	11.07	14.09	17.48	28.10	-27.12	0.53	15.61	14.69	11.79	15.95	17.28	17.06	3.28
EPS in Rs	4.15	5.28	6.36	10.22	-9.86	0.19	5.68	5.34	4.29	5.80	6.28	6.20	1.19
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Profit & Loss

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	706	697	922	842	1,045	1,080	1,200	1,228	1,305	1,566	1,802	1,725	1,616
	575	642	831	797	927	997	1,142	1,029	1,060	1,348	1,654	1,523	1,454
Operating Profit	131	56	90	45	118	82	57	200	245	218	148	203	163
OPM %	19%	8%	10%	5%	11%	8%	5%	16%	19%	14%	8%	12%	10%
	7	5	0	6	21	28	24	30	25	27	16	38	67
Interest	5	9	38	46	47	47	51	63	69	64	66	68	68
Depreciation	25	28	34	37	40	44	46	49	63	62	69	74	76
Profit before tax	108	24	19	-31	50	19	-16	117	138	119	28	99	86
Tax %	28%	-24%	6%	-31%	27%	40%	-39%	35%	32%	35%	38%	40%
	77	30	18	-21	37	11	-10	76	93	78	17	60	54
EPS in Rs	28.98	11.09	6.71	-8.04	13.72	4.26	-3.65	28.43	35.02	28.26	6.23	21.72	19.47
Dividend Payout %	21%	27%	30%	-6%	5%	12%	-14%	4%	4%	5%	24%	7%

Compounded Sales Growth
10 Years:	9%
5 Years:	8%
3 Years:	10%
TTM:	-7%

Compounded Profit Growth
10 Years:	7%
5 Years:	47%
3 Years:	-14%
TTM:	26%

Stock Price CAGR
10 Years:	10%
5 Years:	24%
3 Years:	29%
1 Year:	93%

Return on Equity
10 Years:	6%
5 Years:	10%
3 Years:	7%
Last Year:	8%

Balance Sheet

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	27	27	27	27	27	27	27	27	28	28	28	28	28
Reserves	466	480	491	447	479	488	477	549	640	715	729	784	800
	211	368	382	428	391	372	518	585	632	628	621	607	646
	265	267	312	291	316	333	393	432	558	558	612	649	593
Total Liabilities	969	1,142	1,212	1,192	1,213	1,220	1,414	1,593	1,858	1,928	1,990	2,068	2,068
	349	515	757	744	814	831	821	915	980	1,141	1,170	1,165	1,169
CWIP	214	255	31	71	49	5	73	21	112	10	17	43	11
Investments	36	36	36	20	28	36	33	65	71	104	78	84	98
	370	337	388	358	323	348	487	591	694	673	725	776	790
Total Assets	969	1,142	1,212	1,192	1,213	1,220	1,414	1,593	1,858	1,928	1,990	2,068	2,068

Cash Flows

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	106	63	48	75	163	86	84	216	234	189	139	182
	-242	-226	-50	-62	-91	-17	-176	-156	-172	-134	-64	-112
	187	116	-18	-13	-77	-67	83	3	-41	-73	-89	-86
Net Cash Flow	52	-46	-20	-0	-5	2	-9	63	20	-18	-14	-15

Ratios

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	16	12	11	15	12	12	11	8	11	9	8	7
Inventory Days	654	266	305	202	216	210	200	421	366	270	320	492
Days Payable	271	158	200	194	269	270	286	463	316	235	310	377
Cash Conversion Cycle	398	120	116	23	-40	-47	-75	-34	60	43	17	123
Working Capital Days	56	56	34	9	-17	-12	9	6	4	7	-2	-2
ROCE %	20%	4%	7%	2%	11%	7%	3%	17%	17%	14%	8%	12%

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	24.99%	26.63%	30.14%	31.95%	31.95%	31.95%	34.35%	36.32%	36.63%	36.94%	36.94%	36.94%
	6.75%	6.52%	6.62%	6.64%	6.33%	6.41%	6.75%	6.82%	6.20%	5.70%	6.32%	6.17%
	2.67%	2.60%	2.60%	2.60%	2.60%	2.60%	2.62%	2.62%	3.40%	4.36%	4.75%	4.78%
	65.59%	64.25%	60.64%	58.81%	59.10%	59.04%	56.28%	54.26%	53.76%	53.00%	51.97%	52.10%
No. of Shareholders	24,186	37,377	37,884	36,965	36,553	36,201	35,831	34,988	32,210	34,065	32,431	33,027

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	13.28%	16.51%	18.21%	20.83%	24.50%	26.63%	31.95%	36.94%	36.94%
	11.41%	10.54%	8.16%	11.77%	4.89%	6.52%	6.41%	5.70%	6.17%
	4.43%	3.78%	3.02%	2.94%	2.88%	2.60%	2.60%	4.36%	4.78%
	70.88%	69.17%	70.61%	64.46%	67.73%	64.25%	59.04%	53.00%	52.10%
No. of Shareholders	22,309	19,035	17,673	16,599	19,179	37,377	36,201	34,065	33,027

* 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

Shareholding Pattern

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