Mangalam Organics Ltd - Stock Valuation and Financial Performance

BSE: 514418 | NSE: MANORG | Chemicals | Small Cap

Mangalam Organics Share Price

375.15 0.00 0.00%
as on 17-May'24 16:01

DeciZen - make an informed investing decision on Mangalam Organics

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Mangalam Organics stock performance -

mw4me loader
P/E Ratio (SA):
90.10
Market Cap:
321.3 Cr.
52-wk low:
269
52-wk high:
486

Is Mangalam Organics Ltd an attractive stock to invest in?

1. Is Mangalam Organics Ltd a good quality company?

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

2. Is Mangalam Organics Ltd undervalued or overvalued?

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

3. Is Mangalam Organics Ltd a good buy now?

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

10 Year X-Ray of Mangalam Organics:

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

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 10.9%7.4%-1.2%7.8%16.3%55.1%32.8%37%14.7%-3.3%-
Value Creation
Index
-0.2-0.5-1.1-0.40.22.91.31.60.1-1.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 232239170177241425375338491467417
Sales YoY Gr.-3.2%-29.1%4.1%36.4%76.3%-11.8%-9.7%45.1%-4.9%-
Adj EPS 5.44.8-6.55.315.884.764.599.463.5-294.2
YoY Gr.--9.7%-234.2%NA196.8%435.4%-23.9%54.1%-36.1%-145.6%-
BVPS (₹) 56.45846.551.867.6141.7196294355.8324.8326.4
Adj Net
Profit
4.94.4-5.94.814.372.555.285.154.4-24.84
Cash Flow from Ops. -4.9-0.111.721.124.729.293.326.4-84.665.7-
Debt/CF from Ops. -11.1-1357.85.42.41.61.70.20.9-2.32.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8.1%14.2%7.6%-4.9%
Adj EPS -220.7%-212.9%-176.6%-145.6%
BVPS21.5%36.9%18.3%-8.7%
Share Price 38.3% -3.7% -18.9% -20.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
108.5-12.410.926.579.538.240.619.6-8.51.3
Op. Profit
Mgn %
8.26.5-11.96.810.425.823.137.918.6-0.68.9
Net Profit
Mgn %
2.11.8-3.52.7617.114.725.211.1-5.30.9
Debt to
Equity
1.11.31.51.10.70.40.10.10.60.6-
Working Cap
Days
1361522141831319411914318924899
Cash Conv.
Cycle
6078985956518110113318026

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 1.30%

Sales growth has been subdued in last 3 years 7.63%

Net Profit has been subdued in last 3 years -176.60%

Sales growth is not so good in last 4 quarters at -16.46%

Latest Financials - Mangalam Organics Ltd.

Standalone Consolidated
TTM EPS (₹) 4.2 2.8
TTM Sales (₹ Cr.) 417 493
BVPS (₹.) 326.4 324.2
Reserves (₹ Cr.) 271 269
P/BV 1.15 1.16
PE 90.10 133.26
From the Market
52 Week Low / High (₹) 269.00 / 486.00
All Time Low / High (₹) 1.10 / 1300.00
Market Cap (₹ Cr.) 321
Equity (₹ Cr.) 8.6
Face Value (₹) 10
Industry PE 50.6

Management X-Ray of Mangalam Organics:

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 (%)

Event Update

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Analyst's Notes

Key Ratios of Mangalam Organics

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales232239170177241425375338491467
Operating Expenses 213224196164216316288210400470
Manufacturing Costs15171514243336405255
Material Costs181187154122170245209123278361
Employee Cost 811109122225273023
Other Costs 991720101618204032
Operating Profit 1915-2712251088612891-3
Operating Profit Margin (%) 8.0%6.4%-15.8%6.8%10.4%25.5%23.1%37.8%18.6%-0.7%
Other Income 14311121111
Interest 86643451413
Depreciation 5655669141517
Exceptional Items 000001-10000
Profit Before Tax 77-73181016311474-31
Tax 233-2429153020-6
Profit After Tax 54-1051472488554-25
PAT Margin (%) 2.1%1.8%-6.1%2.7%5.9%17.0%12.8%25.1%11.1%-5.4%
Adjusted EPS (₹)5.34.6-11.45.315.884.556.099.163.4-29.7
Dividend Payout Ratio (%)0%0%0%0%6%1%2%2%2%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 5152424761121168252305278
Share Capital 9999999999
Reserves 4243333852113159243296270
Minority Interest0000000000
Debt5267624940501724188163
Long Term Debt39231116903829
Short Term Debt495838383943924151134
Trade Payables33241816181311243128
Others Liabilities 2225211410918121917
Total Liabilities 158168143125129193215311543486

Fixed Assets

Gross Block8791868895119179211286326
Accumulated Depreciation3844515662687790105121
Net Fixed Assets504835323351102121181205
CWIP 0000143080
Investments 0000100001
Inventories55654438346665106243172
Trade Receivables34221217243731344458
Cash Equivalents 553111313411
Others Assets15284937263213166651
Total Assets 158168143125129193215311543486

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -50122125299326-8566
PBT 77-73181026311474-31
Adjustment 121221981014141828
Changes in Working Capital -23-18-293-5233-72-15568
Tax Paid -2-100-5-30-17-30-220
Cash Flow From Investing Activity -3-8-2-2-7-27-59-28-83-32
Capex -3-8-2-3-7-28-59-29-83-32
Net Investments 0000010000
Others 0000000101
Cash Flow From Financing Activity 89-12-18-13-6-362166-33
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -1614-12-1063-938-9
Interest Paid -8-6-6-4-3-4-5-1-4-13
Dividend Paid 00000-1-1-1-1-1
Others 178-20-10-7-3213134-11
Net Cash Flow 01-215-4-20-11
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)9.848.12-21.8710.8626.579.3133.1540.4519.51-8.72
ROCE (%)15.7411.08-0.767.3220.9377.1437.9249.7220.02-3.91
Asset Turnover Ratio1.691.611.211.471.922.641.841.291.150.91
PAT to CFO Conversion(x)-10N/A4.21.790.41.940.31-1.57N/A
Working Capital Days
Receivable Days44393327312633352940
Inventory Days71831067653436492130162
Payable Days66555051372321533630

Mangalam Organics Ltd Stock News

Mangalam Organics Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Mangalam Organics on 17-May-2024 16:01 is ₹375.1.
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 17-May-2024 16:01 the market cap of Mangalam Organics stood at ₹321.3.
The latest P/E ratio of Mangalam Organics as of 17-May-2024 16:01 is 90.10.
The latest P/B ratio of Mangalam Organics as of 17-May-2024 16:01 is 1.15.
The 52-week high of Mangalam Organics is ₹486.0 and the 52-week low is ₹269.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mangalam Organics is ₹416.6 ( Cr.) .

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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