Mangalam Global Enterprise Ltd

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

Mangalam Global Enterprise Ltd

₹ 21.6 -1.73%
22 Nov - close price
groupmangalam.com BSE: 544273 NSE: MGEL
About

Incorporated in 2010, Mangalam Global Enterprise Ltd manufactures and deals in Edible, Non-edible Oil, Seeds and its derivatives[1]

Key Points

Business Overview:[1][2]
MGEL is a part of Ahmedabad-based Mangalam group, which deals in manufacturing and trading of:
a) Refined Castor Oil, First Special Grad, Castor De-Oiled Cake and High Protein Castor De-Oiled Cake for domestic and international markets
b) Cotton bales, Cotton seeds, Cotton Cake, Cattle Feed, Cotton Wash Oil, processing of wheat and rice
c) Mustard seed, Mustard oil, Mustard Meal, Mustard cake, Soya seed, Soya refined oil, Soya Meal, Soya cake, Wheat and Rice, and other agricultural products
d) Company has entered into B2C market by launching new products under the brand “LAGNAM” in domestic market
e) It is also a service provider for liaising
and clearing service and from lease rentals

Website BSE NSE
  • Market Cap ₹ 356 Cr.
  • Current Price ₹ 21.6
  • High / Low ₹ 32.0 / 15.8
  • Stock P/E 12.8
  • Book Value ₹ 11.6
  • Dividend Yield 0.09 %
  • ROCE 13.8 %
  • ROE 15.3 %
  • Face Value ₹ 2.00
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 52.8% CAGR over last 5 years

Cons

  • Tax rate seems low
  • Company has a low return on equity of 11.9% over last 3 years.
  • Contingent liabilities of Rs.184 Cr.

* 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: Trading Industry: Trading

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
170.45 256.17 594.17 284.66 221.13 573.43 333.13 323.96 440.40 531.97 542.47 679.97 562.62
171.16 252.44 588.01 290.71 222.15 564.48 319.83 314.42 436.11 526.23 526.61 669.04 548.17
Operating Profit -0.71 3.73 6.16 -6.05 -1.02 8.95 13.30 9.54 4.29 5.74 15.86 10.93 14.45
OPM % -0.42% 1.46% 1.04% -2.13% -0.46% 1.56% 3.99% 2.94% 0.97% 1.08% 2.92% 1.61% 2.57%
1.92 1.50 3.67 5.05 10.47 1.46 1.29 2.43 5.56 4.58 3.03 4.59 2.28
Interest 2.50 2.77 2.67 2.65 3.27 3.79 4.03 6.55 6.77 6.32 5.78 7.29 8.70
Depreciation 1.04 1.09 0.84 0.72 0.74 0.76 0.90 0.97 0.93 0.53 0.54 0.54 0.54
Profit before tax -2.33 1.37 6.32 -4.37 5.44 5.86 9.66 4.45 2.15 3.47 12.57 7.69 7.49
Tax % -24.46% 22.63% 21.36% -21.51% 18.75% 23.04% 20.19% -3.15% 55.81% 16.43% 6.36% 21.85% 25.63%
-1.76 1.06 4.98 -3.43 4.42 4.51 7.71 4.59 0.95 2.90 11.78 6.01 5.57
EPS in Rs -0.11 0.09 0.34 -0.23 0.30 0.28 0.49 0.28 0.06 0.18 0.71 0.36 0.34
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
390 582 960 1,279 1,424 1,839 2,317
382 570 948 1,266 1,395 1,802 2,270
Operating Profit 8 11 12 13 29 37 47
OPM % 2% 2% 1% 1% 2% 2% 2%
0 2 5 6 5 15 14
Interest 3 8 8 11 15 26 28
Depreciation 1 3 3 4 3 3 2
Profit before tax 3 3 6 4 16 23 31
Tax % 28% 20% 20% 20% 21% 11%
2 2 5 4 13 20 26
EPS in Rs 1.15 0.23 0.40 0.29 0.80 1.23 1.59
Dividend Payout % 2% 51% 43% 61% 2% 0%
Compounded Sales Growth
10 Years: %
5 Years: 36%
3 Years: 24%
TTM: 39%
Compounded Profit Growth
10 Years: %
5 Years: 53%
3 Years: 61%
TTM: 67%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 4%
1 Year: 37%
Return on Equity
10 Years: %
5 Years: 10%
3 Years: 12%
Last Year: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 2 16 25 26 28 29 33
Reserves 32 43 44 50 85 110 158
29 56 122 137 237 201 209
8 19 31 58 89 80 105
Total Liabilities 71 134 222 271 439 420 505
26 44 34 38 65 49 48
CWIP 4 0 0 0 10 0 0
Investments 2 3 3 3 3 2 2
38 86 184 230 361 369 455
Total Assets 71 134 222 271 439 420 505

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-46 13 -44 -29 -50 40
-30 -25 -14 34 -41 2
76 13 61 -7 92 -42
Net Cash Flow 1 0 2 -1 1 -1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 7 13 37 22 54 35
Inventory Days 15 15 9 35 19 21
Days Payable 2 2 12 13 18 4
Cash Conversion Cycle 19 26 35 45 54 52
Working Capital Days 27 31 43 45 62 52
ROCE % 12% 9% 7% 11% 14%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.54% 72.99% 72.31% 72.30% 73.99% 73.97% 74.99% 74.99% 74.99% 74.99% 72.01% 72.01%
0.00% 0.00% 0.00% 0.77% 0.72% 0.08% 0.08% 0.07% 0.00% 0.00% 0.00% 0.00%
0.00% 0.16% 0.77% 0.00% 0.00% 0.00% 0.00% 0.05% 0.05% 0.05% 0.00% 0.00%
25.47% 26.86% 26.93% 26.93% 25.29% 25.95% 24.93% 24.89% 24.96% 24.96% 27.99% 27.98%
No. of Shareholders 1,5412,2082,3174,2035,0296,0725,8776,51310,32315,71217,57918,400

* 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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