Mangalam Cement Ltd Stock Analysis

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

BSE Share Price 23-Sep-2022 18:01
376.75 4.00 (1.07%)

DeciZen - Make an Informed Decision on Mangalam Cement

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Mangalam Cement Price Chart

P/E Ratio (SA) :
14.64
Market Cap :
1,036 Cr.
52-wk low :
239.3
52-wk high :
471.4
Bole Toh?

1. Is Mangalam Cement Ltd 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.

2. Is Mangalam Cement Ltd 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 Fair zone.

3. Is Mangalam Cement Ltd a good buy now?

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

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
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 Cement Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 14.2%4.5%5.2%1.2%7.1%4.5%2.4%10.8%11.5%9.2%-
Value Creation Index 0.0-0.7-0.6-0.9-0.5-0.7-0.8-0.2-0.2-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 7066979228429051,0801,2001,2281,3051,5661,722
YoY Gr. Rt. %--1.2%32.2%-8.7%7.5%19.3%11.1%2.4%6.2%20%-
Adj EPS 2911.17.3-811.52.7-4.927.734.728.225.7
YoY Gr. Rt. %--61.8%-33.9%-209.1%NA-76.1%-278.1%NA25.2%-18.8%-
BVPS (₹) 182.6188.1192.1177.3189.6192.9188.6215.8249.9269.9280.1
Adj Net Profit 77.529.619.6-21.430.67.3-1373.992.677.471
Cash Flow from Ops. 1066348.374.516385.984.4216234189-
Debt/CF from Ops. 25.87.95.72.44.36.12.72.73.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9.3%11.6%9.3%20%
Adj EPS -0.3%19.7%NA-18.8%
BVPS 4.47.312.78
Share Price 10.7% 1.4% 7.9% -15.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 16.85.93.8-4.36.31.4-2.613.714.9119.4
Op. Profit Mgn % 18.589.85.3137.64.816.218.81412.4
Net Profit Mgn % 114.32.1-2.53.40.7-1.167.14.94.1
Debt to Equity 0.40.70.70.90.80.7110.90.8-
Working Cap Days 1431541271371111021221461451220
Cash Conv. Cycle 12183-7-7-4-6-13-260

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.84

Sales growth is good in last 4 quarters at 20.09%

Return on Equity has declined versus last 3 years average to 9.40%

Sales growth has been subdued in last 3 years 9.29%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Mangalam Cement Ltd.

Standalone Consolidated
TTM EPS (₹) 25.7 -
TTM Sales (₹ Cr.) 1,722 -
BVPS (₹.) 280.1 -
Reserves (₹ Cr.) 743 -
P/BV 1.34 -
PE 14.64 -
From the Market
52 Week Low / High (₹) 239.30 / 471.40
All Time Low / High (₹) 3.10 / 543.00
Market Cap (₹ Cr.) 1,036
Equity (₹ Cr.) 27.5
Face Value (₹) 10
Industry PE 32.8

Management X-Ray of Mangalam Cement :

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 Cement

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

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.
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