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Mangalam Organics Ltd (MANORG)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 514418 NSE: MANORG Chemicals | Small Cap | Mangalam Organics Share Price

₹472.05 -24.80 (-4.99%)

As on 04-Jun'26 16:59

Mangalam Organics Ltd (MANORG)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 514418 NSE: MANORG Chemicals | Small Cap | Mangalam Organics Share Price

₹472.05 -24.80 (-4.99%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹404 Cr.
Current Price
₹472.1
52-Week Low / High
₹352 / 654
TTM EPS
₹16
TTM Sales
₹501 Cr.
Book Value per Share
₹353.9
P/E Ratio
29.48
Higher than its 5-year historical median
Industry PE
50.2
Price to Book (P/B)
1.33
Lower than its 5-year historical median
Price to Sales (P/S)
0.81
Lower than its 5-year historical median
EV/EBITDA
10.01
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
2.71%
Underperforms industry median
Return on Capital Employed (ROCE)
6.23%
Underperforms industry median
Return on Assets (ROA)
1.46%
Operating Profit Margin
11.7%
Net Profit Margin
1.89%
Gross Profit Margin
7.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
1.09%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
39.66%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
86.99%
Asset Quality
Promoter Holding
58.65%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹295 Cr.
Equity
₹8.6 Cr.
Face Value
₹10
All Time Low / High
₹1.10 / 1300.00

Mangalam Organics stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Fair

Price Trend

Semi Strong
Q.1 Is Mangalam Organics Ltd a good quality company?
Mangalam Organics Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Mangalam Organics Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Mangalam Organics Ltd vs industry peers?
Mangalam Organics Ltd revenue CAGR is 1.82%, compared to the industry median CAGR of 7.53%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Mangalam Organics Ltd?
Promoters hold 58.65% of the Mangalam Organics Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Mangalam Organics Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 38.5% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Mangalam Organics Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -0.8%7.3%20.9%77.1%37.9%49.7%20%-3.9%4%6.2%-
Value Creation
Index
-1.1-0.50.54.51.72.60.4-1.3-0.7-0.6-

Growth Parameters

Sales 170177241425375338491467405410501
Sales YoY Gr.-4.1%36.4%76.3%-11.8%-9.7%45.1%-4.9%-13.2%1.1%-
Adj EPS -6.55.315.884.764.599.463.5-294.8916
YoY Gr.-NA196.8%435.4%-23.9%54.1%-36.1%-145.6%NA87.5%-
BVPS (₹) 46.551.867.6141.7196294355.8324.8329.5338.4353.9
Adj Net
Profit
-5.94.814.372.555.285.154.4-24.84.17.714
Cash Flow from Ops. 11.721.124.729.293.326.4-84.665.754.7-46.5-
Debt/CF from Ops. 5.42.41.61.70.20.9-2.32.73-5.6-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 10.3%1.8%-5.8%1.1%
Adj EPS NA-32.6%-47.9%87.5%
BVPS24.7%11.5%-1.7%2.7%
Share Price 36.6% -10% 3.6% -19.4%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-12.410.926.579.538.240.619.6-8.51.52.74.6
Op. Profit
Mgn %
-11.96.810.425.823.137.918.6-0.68.511.710.4
Net Profit
Mgn %
-3.52.7617.114.725.211.1-5.311.92.7
Debt to
Equity
1.51.10.70.40.10.10.60.60.60.90.1
Working Cap
Days
21418313194119143189248240275126
Cash Conv.
Cycle
985956518110113318016617721

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales170177241425375338491467405410
Operating Expenses + 196164216316288210400470371362
Manufacturing Costs15142433364052554149
Material Costs154122170245209123278361287257
Employee Cost 1091222252730232730
Other Costs 17201016182040321626
Operating Profit -2712251088612891-33448
Operating Profit Margin (%) -15.8%6.8%10.4%25.5%23.1%37.8%18.6%-0.7%8.5%11.7%
Other Income + 31112111122
Exceptional Items 0001-1000000
Interest 6434514131520
Depreciation 556691415171919
Profit Before Tax -73181016311474-31311
Tax 3-2429153020-6-13
Profit After Tax -1051472488554-2548
PAT Margin (%) -6.1%2.7%6.0%17.1%12.8%25.1%11.1%-5.4%1.0%1.9%
Adjusted EPS (₹)-11.45.315.884.556.099.163.4-29.74.99.1
Dividend Payout Ratio (%)0%0%6.30%1.20%1.80%1.50%2.40%0%0%0%

Valuation of Mangalam Organics - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 424761121168252305278282290
Share Capital 9999999999
Reserves 333852113159243296270274281
Debt +624940501724188163151242
Long Term Debt2311169038291531
Short Term Debt38383943924151134136211
Minority Interest0000000000
Trade Payables18161813112431281733
Others Liabilities 2114109181219171827
Total Liabilities 143125129193215311543486468593

Fixed Assets

Net Fixed Assets +35323351102121181205214227
Gross Block868895119179211286326354385
Accumulated Depreciation515662687790105121140159
CWIP 0014308000
Investments 0010000111
Inventories4438346665106243172120203
Trade Receivables12172437313444587455
Cash Equivalents 311131341110
Others Assets 493726321316665158107
Total Assets 143125129193215311543486468593

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 122125299326-856655-46
PBT -73181026311474-31311
Adjustment 219810141418283138
Changes in Working Capital -293-5233-72-1556816-95
Tax Paid 00-5-30-17-30-22040
Cash Flow From Investing Activity + -2-2-7-27-59-28-83-32-27-30
Capex -2-3-7-28-59-29-83-32-29-31
Net Investments 00010-0-0-00-0
Others 0000010122
Cash Flow From Financing Activity + -12-18-13-6-362166-33-2875
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 14-12-1063-938-9-1416
Interest Paid -6-4-3-4-5-1-4-13-15-20
Dividend Paid 000-1-1-1-1-100
Others -20-1-0-7-3213134-11080
Net Cash Flow -215-4-20-110-1

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-21.8710.8626.579.3133.1540.4519.51-8.721.482.71
ROCE (%)-0.767.3220.9377.1437.9249.7220.02-3.914.026.23
Asset Turnover Ratio1.211.471.922.641.841.291.150.910.850.77
PAT to CFO Conversion(x)N/A4.21.790.41.940.31-1.57N/A13.75-5.75
Working Capital Days
Receivable Days32.8027.3030.7026.3033.4035.5029.1039.7059.4057.60
Inventory Days105.9075.7053.4043.1063.9092.20129.70162131.20143.60
Payable Days49.9050.9036.6023.5021.4052.5036.203029.1036.10

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Mangalam Organics Ltd FAQs

The current trading price of Mangalam Organics on 04-Jun-2026 16:59 is ₹472.1.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of Mangalam Organics stood at ₹404.3 Cr

The latest P/E ratio of Mangalam Organics as of 03-Jun-2026 is 29.48.

The latest P/B ratio of Mangalam Organics as of 03-Jun-2026 is 1.33.

The 52-week high of Mangalam Organics is ₹654.0 and the 52-week low is ₹352.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mangalam Organics is ₹501 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Mangalam Organics Ltd is a average quality company.

The key valuation ratios of Mangalam Organics Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Mangalam Organics Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Mangalam Organics Ltd

The House of Dujodwalas owes its existence and sustained growth to Ramgopal M Dujodwala, A pioneer in the field of Rosin and Terpene Chemicals. His vision and innovation backed by a missionary zeal, has led to all-round steady growth with solid foundations in production and marketing of the Groups' products.

Dujodwala Products, established in 1947, is engaged in manufacturing/supplying the products of the Pine Chemical industry which consists of Gum Rosin, Oil of Turpentine and their derivatives.

It was a crucial time when partition of the country took place. The only factory owned by Britishers remained on the other side of border and raw material remained with their country. The government was very keen for utilization of this perishable item by industrial units. Getting this opportunity they started their operations by developing one after other items, by putting various units. Keeping in view, constant development is the law of life. Learning new methods through R & D became the moto, reviving Ronald Graham - a great mathematician of his times, says 'Once you stop learning you start to decay.'

With investments of over Rs 200 million in fixed assets, mostly out of owned funds, and with an established product range and economic size of operations, the traditionally conservative House of Dujodwalas is now all set to embrace the new culture of privatization and integration with global economy, that is now sweeping India. In this context, the House of Dujodwalas, driven by an ambitious younger generation, is drawing up plans for across-the-board investments in forward integration and downstream projects.

Product range of the company includes:

  • Gum Rosin
  • Turpentine Oil
  • Pine Oil
  • Terpineol
  • Dipentine
  • Camphor
  • Camphor Oil
  • Sodium Acetate
  • Rosin modified Maleic Resin
  • Rosin modified Phenolic Resin
  • Ester Gum
  • Paper Sizing Chemical
  • Terpene Phenolic Resin
  • Pine Tar
  • Longifolene
  • Terpene Resin
  • Alkyl Phenolic Resin
  • Polyester
  • Phenolic Resin
  • Ketonic Resin
  • Polyamide Resins
  • Foundry Resin

Achievements/ recognition:

  • R. M. Dujodwala (Chairman - Dujodwala Resins & Terpenes Ltd. ) has received Rajiv Gandhi Excellence Award. 
  • R. M. Dujodwala (Chairman - Dujodwala Resins & Terpenes Ltd. ) has received Award from  Mother Teresa. 
  • Udyog Rattan Award from Institute of Economic Studies in respect of help to economic development in country.  
  • Samajshri award from Indian Council of Management executives for public services.
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