Mangalam Cement Ltd

Mangalam Cement Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Mangalam Cement Ltd

₹ 939 -0.87%
15 Jan 4:01 p.m.
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 ₹ 2,596 Cr.
  • Current Price ₹ 939
  • High / Low ₹ 1,096 / 610
  • Stock P/E 48.5
  • Book Value ₹ 301
  • Dividend Yield 0.16 %
  • ROCE 11.9 %
  • ROE 7.63 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 3.12 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 SmallCap BSE Allcap BSE Commodities

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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
Raw PDF

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: 11%
5 Years: 25%
3 Years: 32%
1 Year: 47%
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

18 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 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 24,18637,37737,88436,96536,55336,20135,83134,98832,21034,06532,43133,027

* 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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