Is Mangalam Cement a good quality company?

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

Is Mangalam Cement undervalued or overvalued?

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

What is Mangalam Cement share price return in the past 10 years?

Mangalam Cement Ltd share price has appreciated 20.2% annually (CAGR) over the past ten years.

Is Mangalam Cement a good buy now?

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

Mangalam Cement Ltd - Stock Valuation and Financial Performance

Name: Mangalam Cement
Brand: Mangalam Cement

BSE: 502157 | NSE: MANGLMCEM | Cement & Construction Materials | Small Cap

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Mangalam Cement Share Price

₹855.65 3.10 0.36%
as on 19-Apr'24 16:01

10 Year X-Ray of Mangalam Cement:

Analysis of Financial Track Record

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

Standalone Basis ^P Consolidated Basis

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	4.5%	5.2%	1.2%	7.1%	4.5%	2.4%	10.8%	11.5%	9.2%	5.5%	-
Value Creation Index ⓘ	-0.7	-0.6	-0.9	-0.5	-0.7	-0.8	-0.2	-0.2	-0.3	-0.6	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	697	922	842	905	1,080	1,200	1,228	1,305	1,566	1,802	1,748
Sales YoY Gr.	-	32.2%	-8.7%	7.5%	19.3%	11.1%	2.4%	6.2%	20%	15%	-
Adj EPS ⓘ	11.1	7.3	-8	11.5	2.7	-4.9	27.7	34.7	28.2	10.6	21.1
YoY Gr.	-	-33.9%	-209.1%	NA	-76.1%	-278.1%	NA	25.2%	-18.8%	-62.4%	-
BVPS (₹) ⓘ	188.1	192.1	177.3	189.6	192.9	188.6	215.8	249.9	269.9	275	289
Adj Net Profit ⓘ	29.6	19.6	-21.4	30.6	7.3	-13	73.9	92.6	77.4	29.1	58
Cash Flow from Ops. ⓘ	63	48.3	74.5	163	85.9	84.4	216	234	189	139	-
Debt/CF from Ops. ⓘ	5.8	7.9	5.7	2.4	4.3	6.1	2.7	2.7	3.3	4.4	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	11.1%	10.8%	13.6%	15%
Adj EPS ⓘ	-0.5%	31.1%	-27.4%	-62.4%
BVPSⓘ	4.3%	7.4%	8.4%	1.9%
Share Price	20.2%	26%	46.2%	204.8%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	5.9	3.8	-4.3	6.3	1.4	-2.6	13.7	14.9	11	3.9	7.5
Op. Profit Mgn % ⓘ	8	9.8	5.3	13	7.6	4.8	16.2	18.8	14	8.4	11.6
Net Profit Mgn % ⓘ	4.3	2.1	-2.5	3.4	0.7	-1.1	6	7.1	4.9	1.6	3.3
Debt to Equity ⓘ	0.7	0.7	0.9	0.8	0.7	1	1	0.9	0.8	0.8	-
Working Cap Days ⓘ	154	127	137	111	102	122	146	145	116	108	72
Cash Conv. Cycle ⓘ	18	3	-7	-7	-4	-6	-13	-2	4	4	-11

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 13.62%

Debt to equity has declined versus last 3 years average to 0.81

Return on Equity has declined versus last 3 years average to 7.50%

Net Profit has been subdued in last 3 years -27.41%

Sales growth is not so good in last 4 quarters at -1.70%

Latest Financials - Mangalam Cement Ltd.

	Standalone	Consolidated
TTM EPS (₹)	21.1	-
TTM Sales (₹ Cr.)	1,748	-
BVPS (₹.) ⓘ	289	-
Reserves (₹ Cr.) ⓘ	767	-
P/BV ⓘ	2.96	-
PE ⓘ	40.56	-

From the Market
52 Week Low / High (₹)	268.65 / 877.80
All Time Low / High (₹)	3.10 / 877.80
Market Cap (₹ Cr.)	2,354
Equity (₹ Cr.)	27.5
Face Value (₹)	10
Industry PE ⓘ	42.6

Management X-Ray of Mangalam Cement:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Mangalam Cement

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Price to Earnings

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Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Mangalam Cement

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	697	922	842	905	1,080	1,200	1,228	1,305	1,566	1,802
Operating Expenses ⓘ	642	831	797	787	997	1,143	1,029	1,060	1,348	1,654
Manufacturing Costs	206	298	231	243	351	442	399	350	509	712
Material Costs	159	190	210	171	194	213	142	224	275	327
Employee Cost	41	56	72	78	88	89	111	117	118	113
Other Costs ⓘ	236	288	284	295	364	399	377	369	446	502
Operating Profit ⓘ	56	90	45	118	82	57	199	245	218	148
Operating Profit Margin (%)	8.0%	9.8%	5.3%	13.0%	7.6%	4.8%	16.2%	18.8%	13.9%	8.2%
Other Income ⓘ	5	4	7	21	28	24	30	25	27	35
Interest ⓘ	9	38	46	47	47	51	63	69	64	66
Depreciation ⓘ	28	34	37	40	44	46	49	63	62	69
Exceptional Items ⓘ	0	-3	0	0	0	0	0	0	0	-19
Profit Before Tax ⓘ	24	19	-31	50	19	-16	117	138	119	28
Tax ⓘ	-6	1	-10	14	8	-6	41	44	41	11
Profit After Tax	30	18	-21	37	11	-10	76	93	78	17
PAT Margin (%)	4.2%	1.9%	-2.5%	4.0%	1.1%	-0.8%	6.2%	7.2%	5.0%	1.0%
Adjusted EPS (₹)	11.1	6.7	-8.0	13.7	4.3	-3.7	28.4	35.0	28.3	6.2
Dividend Payout Ratio (%)	27%	30%	-6%	5%	12%	-14%	4%	4%	5%	24%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	507	518	473	506	515	503	576	667	742	756
Share Capital ⓘ	27	27	27	27	27	27	27	27	27	27
Reserves ⓘ	480	491	447	479	488	477	549	640	715	729
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	357	324	350	299	280	406	493	546	537	530
Long Term Debt	343	290	281	228	189	292	348	413	363	291
Short Term Debt	13	33	69	71	92	114	144	133	174	239
Trade Payables	69	104	111	126	144	167	180	194	177	249
Others Liabilities ⓘ	263	299	267	282	281	341	344	451	472	454
Total Liabilities ⓘ	1,196	1,244	1,201	1,213	1,220	1,417	1,593	1,858	1,928	1,990
Fixed Assets
Gross Block	872	1,148	781	890	952	987	1,129	1,261	1,483	1,580
Accumulated Depreciation	357	391	37	77	121	166	214	281	342	410
Net Fixed Assetsⓘ	515	757	744	814	831	821	915	980	1,141	1,170
CWIP ⓘ	255	31	71	49	5	73	21	112	10	17
Investmentsⓘ	36	36	20	28	36	33	65	71	104	78
Inventories	116	159	116	102	112	117	164	224	203	257
Trade Receivables	23	29	35	34	36	35	27	39	37	37
Cash Equivalents	46	29	29	25	22	14	84	166	153	143
Others Assetsⓘ	205	204	187	162	177	325	317	265	279	289
Total Assets ⓘ	1,196	1,244	1,201	1,213	1,220	1,417	1,593	1,858	1,928	1,990

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	63	48	75	163	86	84	216	234	189	139
PBT ⓘ	24	22	-31	50	19	-16	117	136	119	28
Adjustment ⓘ	32	69	78	67	78	85	90	115	112	120
Changes in Working Capital ⓘ	17	-43	28	47	-6	16	20	-1	-17	4
Tax Paid ⓘ	-10	4	0	-1	-5	0	-11	-17	-25	-14
Cash Flow From Investing Activity ⓘ	-226	-50	-62	-91	-17	-176	-156	-172	-134	-64
Capex	-230	-52	-65	-87	-18	-101	-166	-78	-123	-125
Net Investments	0	1	1	-5	-1	9	-41	-98	-50	35
Others ⓘ	5	1	2	2	2	-84	51	4	40	27
Cash Flow From Financing Activityⓘ	116	-18	-13	-77	-67	83	3	-41	-73	-89
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	9	-1	-33	-37	116	33	43	115	-90
Interest Paid ⓘ	-8	-38	-42	-45	-47	-54	-63	-67	-66	-72
Dividend Paid ⓘ	-19	-9	-6	-2	-2	-2	-2	-3	-4	-4
Others ⓘ	143	20	36	2	20	22	35	-14	-118	77
Net Cash Flow ⓘ	-46	-20	0	-5	2	-9	63	20	-18	-14

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	5.98	3.53	-4.35	7.48	2.23	-1.91	14.06	15.04	11.03	2.29
ROCE (%)	4.16	6.5	1.63	10.9	7.43	3.65	16.55	16.86	13.8	6.87
Asset Turnover Ratio	0.73	0.86	0.79	0.87	0.92	0.91	0.82	0.76	0.87	0.95
PAT to CFO Conversion(x)	2.1	2.67	N/A	4.41	7.82	N/A	2.84	2.52	2.42	8.18
Working Capital Days
Receivable Days	12	9	12	12	12	11	9	9	8	7
Inventory Days	57	48	52	38	35	35	42	54	47	45
Payable Days	144	166	187	253	253	266	445	305	246	238

Mangalam Cement Ltd Stock News

Mangalam Cement Ltd FAQs

What is the share price of Mangalam Cement?

Company share prices are keep on changing according to the market conditions. The closing price of Mangalam Cement on 19-Apr-2024 16:01 is ₹855.6.

What is the market cap of Mangalam Cement?

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 19-Apr-2024 16:01 the market cap of Mangalam Cement stood at ₹2,354.5.

What is the P/E ratio of Mangalam Cement?

The latest P/E ratio of Mangalam Cement as of 19-Apr-2024 16:01 is 40.56.

What is the P/B ratio of Mangalam Cement?

The latest P/B ratio of Mangalam Cement as of 19-Apr-2024 16:01 is 2.96.

What is the 52-week high and low of Mangalam Cement?

The 52-week high of Mangalam Cement is ₹877.8 and the 52-week low is ₹268.6.

What is the TTM revenue of Mangalam Cement?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mangalam Cement is ₹1,748 ( Cr.) .

About Mangalam Cement Ltd

Mangalam Cement Limited was promoted in the year 1978 by the famed house of Shri B KBirla, the most eminent and illustrious industrialist of the country.

It is a professionally managed and well established cement manufacturing company enjoying the confidence of consumers because of its superior quality product and excellent customer service.

The company has recently commissioned its state-of-the-art new cement plant with German technology for producing 7 lakh tonnes per annum at its existing site at Morak, Distt. Kota in Rajasthan under the name of Neer Shree Cement.

In 1996, a major power failure led to the stoppage of production in the Mangalam Cement kiln for the entire month of December and the company decided to set up a pre-calcinator that year. The company was reduced to the status of a sick company in 2000 and its net worth declined, but in 2004 Mangalam Cement was facilitated by the one-time settlement struck between Mangalam Cement and its financiers and it was relieved of a sum of Rs.119 crore.

In 1992, the B.K. Birla Group considered plans to set up a new manufacturing unit after Mangalam Cement and decided to name it as Neer Shree Cement, and this plant was supposed to incorporate all the latest technologies available in Germany. The project required a capital investment of Rs153 crore and the plant ultimately began its production in the year 1994 and was recognized with ISO-9002 Certification in 1996-97.

As an integral part of environment protection drive, it employs latest pollution control techniques to minimize pollution and make the environment eco-friendly. It has a well-designed environmental policy to achieve the objective of environmental commitment by management.

In 2010 Mangalam Cement okayed merger of sister firm - Mangalam Timber Products with itself.

Product range of the company includes:

Birla Uttam Cement- 43 Grade
Birla Uttam Cement- 53 Grade
Birla Uttam Cement- Portland pozzolana cement (PPC)

Awards/ Achievements

The products produced by the company are as per the BIS Specification.
Implementation of ISO 14001 is currently underway at its plants.
Awards Won during Mines Environment and Mineral Conservation Week 2005-06 include third position for Over all Performance and Air Pollution Control, second position in Reclamation, Rehabilitation & Restoration of Land.
Awards Won during the Mines Safety Week 2005 include first prize for Over all Performance, Heavy Earth Moving Machinery and maintenance, Electrical Installation and Mine Lighting, Opencast Working Places and Supervision and second prize for Welfare Amenities and Protective Equipments, Publicity Propaganda and Housing Keeping.
Awards Won during Mines Environment and Mineral Conservation Week 2004-05, Ajmer Region involves second prize for overall performance and first prize for Reclamation, Rehabilitation & Restoration of Land, Water Pollution Control.