Key Metrics 
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10 Yrs X-Ray 
Profit & Loss 
Valuation 
Analyst Note 
Balance Sheet 
Cash Flow 
Financial Ratio 
Qtr. Results 
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About
Mangalam Organics Ltd (MANORG)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 514418 NSE: MANORG Chemicals | Small Cap | Mangalam Organics Share Price
₹544.90 10.20 (1.91%)
As on 07-Jul'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
₹544.90 10.20 (1.91%)
As on 07-Jul'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹458 Cr.
Current Price
₹544.9
52-Week Low / High
₹352 / 654
TTM EPS
₹16
TTM Sales
₹501 Cr.
Book Value per Share
₹353.9
P/E Ratio
33.39
Higher than its 5-year historical median
Industry PE
52.9
Price to Book (P/B)
1.51
Higher than its 5-year historical median
Price to Sales (P/S)
0.91
In line with its 5-year historical median
EV/EBITDA
10.79
In line with its 5-year historical median
Dividend Yield
0%
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
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
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Quality
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Valuation
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Price Trend
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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:
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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?
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.
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.
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 : Login to view analysis.
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -0.8% | 7.3% | 20.9% | 77.1% | 37.9% | 49.7% | 20% | -3.9% | 4% | 6.2% | - |
| Value Creation Index ⓘ | -1.1 | -0.5 | 0.5 | 4.5 | 1.7 | 2.6 | 0.4 | -1.3 | -0.7 | -0.6 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 170 | 177 | 241 | 425 | 375 | 338 | 491 | 467 | 405 | 410 | 501 |
| Sales YoY Gr. | - | 4.1% | 36.4% | 76.3% | -11.8% | -9.7% | 45.1% | -4.9% | -13.2% | 1.1% | - |
| Adj EPS ⓘ | -6.5 | 5.3 | 15.8 | 84.7 | 64.5 | 99.4 | 63.5 | -29 | 4.8 | 9 | 16 |
| YoY Gr. | - | NA | 196.8% | 435.4% | -23.9% | 54.1% | -36.1% | -145.6% | NA | 87.5% | - |
| BVPS (₹) ⓘ | 46.5 | 51.8 | 67.6 | 141.7 | 196 | 294 | 355.8 | 324.8 | 329.5 | 338.4 | 353.9 |
| Adj Net Profit ⓘ | -5.9 | 4.8 | 14.3 | 72.5 | 55.2 | 85.1 | 54.4 | -24.8 | 4.1 | 7.7 | 14 |
| Cash Flow from Ops. ⓘ | 11.7 | 21.1 | 24.7 | 29.2 | 93.3 | 26.4 | -84.6 | 65.7 | 54.7 | -46.5 | - |
| Debt/CF from Ops. ⓘ | 5.4 | 2.4 | 1.6 | 1.7 | 0.2 | 0.9 | -2.3 | 2.7 | 3 | -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% | ||||
| BVPSⓘ | 24.7% | 11.5% | -1.7% | 2.7% | ||||
| Share Price | 35.9% | -6.9% | 9.2% | -4.7% | ||||
Key Financial Parameters ⓘ
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -12.4 | 10.9 | 26.5 | 79.5 | 38.2 | 40.6 | 19.6 | -8.5 | 1.5 | 2.7 | 4.6 |
| Op. Profit Mgn % ⓘ | -11.9 | 6.8 | 10.4 | 25.8 | 23.1 | 37.9 | 18.6 | -0.6 | 8.5 | 11.7 | 10.4 |
| Net Profit Mgn % ⓘ | -3.5 | 2.7 | 6 | 17.1 | 14.7 | 25.2 | 11.1 | -5.3 | 1 | 1.9 | 2.7 |
| Debt to Equity ⓘ | 1.5 | 1.1 | 0.7 | 0.4 | 0.1 | 0.1 | 0.6 | 0.6 | 0.6 | 0.9 | 0.1 |
| Working Cap Days ⓘ | 214 | 183 | 131 | 94 | 119 | 143 | 189 | 248 | 240 | 275 | 126 |
| Cash Conv. Cycle ⓘ | 98 | 59 | 56 | 51 | 81 | 101 | 133 | 180 | 166 | 177 | 21 |
Profit And Loss
(All Figures are in Crores.)| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 170 | 177 | 241 | 425 | 375 | 338 | 491 | 467 | 405 | 410 |
| Operating Expenses ⓘ + | 196 | 164 | 216 | 316 | 288 | 210 | 400 | 470 | 371 | 362 |
| Operating Profit ⓘ | -27 | 12 | 25 | 108 | 86 | 128 | 91 | -3 | 34 | 48 |
| 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 ⓘ + | 31 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 2 | 2 |
| Interest ⓘ | 6 | 4 | 3 | 4 | 5 | 1 | 4 | 13 | 15 | 20 |
| Depreciation ⓘ | 5 | 5 | 6 | 6 | 9 | 14 | 15 | 17 | 19 | 19 |
| Profit Before Tax ⓘ | -7 | 3 | 18 | 101 | 63 | 114 | 74 | -31 | 3 | 11 |
| Tax ⓘ | 3 | -2 | 4 | 29 | 15 | 30 | 20 | -6 | -1 | 3 |
| Profit After Tax | -10 | 5 | 14 | 72 | 48 | 85 | 54 | -25 | 4 | 8 |
| PAT Margin (%) | -6.1% | 2.7% | 6.0% | 17.1% | 12.8% | 25.1% | 11.1% | -5.4% | 1.0% | 1.9% |
| Adjusted EPS (₹) | -11.4 | 5.3 | 15.8 | 84.5 | 56.0 | 99.1 | 63.4 | -29.7 | 4.9 | 9.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 6.30% | 1.20% | 1.80% | 1.50% | 2.40% | 0% | 0% | 0% |
Valuation of Mangalam Organics - Standalone
Analyst's Notes
No data found!
Balance Sheet
(All Figures are in Crores.)| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 42 | 47 | 61 | 121 | 168 | 252 | 305 | 278 | 282 | 290 | |
| Debt + | 62 | 49 | 40 | 50 | 17 | 24 | 188 | 163 | 151 | 242 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 18 | 16 | 18 | 13 | 11 | 24 | 31 | 28 | 17 | 33 | |
| Others Liabilities ⓘ | 21 | 14 | 10 | 9 | 18 | 12 | 19 | 17 | 18 | 27 | |
| Total Liabilities ⓘ | 143 | 125 | 129 | 193 | 215 | 311 | 543 | 486 | 468 | 593 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 35 | 32 | 33 | 51 | 102 | 121 | 181 | 205 | 214 | 227 | |
| CWIP ⓘ | 0 | 0 | 1 | 4 | 3 | 0 | 8 | 0 | 0 | 0 | |
| Investments ⓘ | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | |
| Inventories | 44 | 38 | 34 | 66 | 65 | 106 | 243 | 172 | 120 | 203 | |
| Trade Receivables | 12 | 17 | 24 | 37 | 31 | 34 | 44 | 58 | 74 | 55 | |
| Cash Equivalents | 3 | 1 | 11 | 3 | 1 | 34 | 1 | 1 | 1 | 0 | |
| Others Assets ⓘ | 49 | 37 | 26 | 32 | 13 | 16 | 66 | 51 | 58 | 107 | |
| Total Assets ⓘ | 143 | 125 | 129 | 193 | 215 | 311 | 543 | 486 | 468 | 593 | |
Cash Flow
(All Figures are in Crores.)| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 12 | 21 | 25 | 29 | 93 | 26 | -85 | 66 | 55 | -46 |
| Cash Flow From Investing Activity ⓘ + | -2 | -2 | -7 | -27 | -59 | -28 | -83 | -32 | -27 | -30 |
| Cash Flow From Financing Activity ⓘ + | -12 | -18 | -13 | -6 | -36 | 2 | 166 | -33 | -28 | 75 |
| Net Cash Flow ⓘ | -2 | 1 | 5 | -4 | -2 | 0 | -1 | 1 | 0 | -1 |
Financial Ratio
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -21.87 | 10.86 | 26.5 | 79.31 | 33.15 | 40.45 | 19.51 | -8.72 | 1.48 | 2.71 |
| ROCE (%) | -0.76 | 7.32 | 20.93 | 77.14 | 37.92 | 49.72 | 20.02 | -3.91 | 4.02 | 6.23 |
| Asset Turnover Ratio | 1.21 | 1.47 | 1.92 | 2.64 | 1.84 | 1.29 | 1.15 | 0.91 | 0.85 | 0.77 |
| PAT to CFO Conversion(x) | N/A | 4.2 | 1.79 | 0.4 | 1.94 | 0.31 | -1.57 | N/A | 13.75 | -5.75 |
| Working Capital Days | ||||||||||
| Receivable Days | 32.80 | 27.30 | 30.70 | 26.30 | 33.40 | 35.50 | 29.10 | 39.70 | 59.40 | 57.60 |
| Inventory Days | 105.90 | 75.70 | 53.40 | 43.10 | 63.90 | 92.20 | 129.70 | 162 | 131.20 | 143.60 |
| Payable Days | 49.90 | 50.90 | 36.60 | 23.50 | 21.40 | 52.50 | 36.20 | 30 | 29.10 | 36.10 |
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* 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 07-Jul-2026 16:59 is ₹544.9.
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 06-Jul-2026 the market cap of Mangalam Organics stood at ₹457.9 Cr
The latest P/E ratio of Mangalam Organics as of 06-Jul-2026 is 33.39.
The latest P/B ratio of Mangalam Organics as of 06-Jul-2026 is 1.51.
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
Mangalam Organics, established in 1947, is a BSE and NSE listed company primarily manufacturing Pine Chemicals such as Terpene Chemistry: Camphor, Camphene, Isobornyl Acetate, Isoborneol, Dipentene and Sodium Acetate and Synthetic Resins: Terpene Phenolic Resin, Alkyl Phenolic Resin, Rosin Based Resins. The company also has a strong retail presence through its brands Mangalam and CamPure.
The company has a strong foothold in the pine chemicals Industry through its management that has been in the field for over years. The company is a government recognized export house with customers in Europe, USA, Africa and the Middle East.
The manufacturing plant was established in 1996 at Kumbhivali, Mumbai. Over the years the company has successfully increased its production, augmented its sales reach and maintained its superior quality for which it is renowned.
Business area of the company
Mangalam Organics is engaged in the business of manufacturing of Camphor, Resin and Sodium Acetate. The company has a strong foothold in the pine chemicals Industry. The company caters to both domestic and international markets.
Products
Terpene Products
- Camphor
- Camphene
- Dipentene
- Isobornyl Acetate
- Isoborneol
- Isoborneol Flakes (Bhimseni Camphor)
- Sodium Acetate Trihydrate
- Terpineol
- Camphor Oil
- Pine Tar
- Terpineol
Resin Products
- Terpene Phenolic Resin
- Alkyl Phenolic Resin
- Glycerol Modified Ester Gum
- Penta Modified Ester Gum
Milestones
- 1946: Ramgopal Dujodwala (founder of Mangalam Organics Ltd.) commenced trading in Rosin
- 1949: Ramgopal Dujodwala established a Rosin and Turpentine manufacturing unit at Hoshiarpur, followed by a unit at Una, Faridabad, and one in Jammu and Kashmir
- 1994: Facility built for manufacture of Camphor and MOL listed on BSE Limited
- 2007: Kamal Dujodwala took over as Chairman
- 2007: Set up a new division to manufacture Synthetic Resins
- 2013: Commenced manufacturing and retailing of Mangalam camphor tablet
- 2017: Commenced manufacturing and retailing of homecare product based on camphor under ‘Cam Pure’
- 2020: Established Mangalam Brands Private Limited to focus on Brands 'Mangalam' and 'Campure'
- 2022: Successfully completed the expansion to manufacture around 10,000 MT of camphor
- 2025: Successfully completed the expansion to manufacture 2500 MT per annum of Bhimseni/ lsoborneol Flakes
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