Is Mangalam Alloys a good quality company?

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

Is Mangalam Alloys undervalued or overvalued?

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

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

Data is not available for this company

Is Mangalam Alloys a good buy now?

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

Mangalam Alloys Ltd - Stock Valuation and Financial Performance

Name: Mangalam Alloys
Brand: Mangalam Alloys

BSE: 0 | NSE: MAL | Steel & Iron Products | Small Cap

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BSE Share Price
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10 Year X-Ray of Mangalam Alloys:

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 ^P

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'13	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	9%	7.7%	8.7%	7.7%	6.1%	10.2%	7.9%	1.7%	5.9%	8.9%	-
Value Creation Index ⓘ	-0.4	-0.5	-0.4	-0.5	-0.6	-0.3	-0.4	-0.9	-0.6	-0.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	141	139	152	152	178	269	346	271	309	303	303
Sales YoY Gr.	-	-1%	9%	0.4%	16.6%	51.2%	28.8%	-21.6%	14.1%	-2.1%	-
Adj EPS ⓘ	1.3	0.9	1.3	1.4	2.8	4.6	2.8	-3.7	1.9	4.1	4.1
YoY Gr.	-	-29.4%	44.9%	10.1%	97.9%	64.4%	-40.5%	-233.5%	NA	113%	-
BVPS (₹) ⓘ	14.3	15.2	16.4	17.8	20.8	27.7	38.3	34.4	37.2	42.6	54
Adj Net Profit ⓘ	2	1.4	2.1	2.4	4.8	8.2	4.9	-6.8	3.6	7.6	10
Cash Flow from Ops. ⓘ	-0.6	2	-2.3	12.4	20.4	8.1	11.6	4.5	30.7	12.7	-
Debt/CF from Ops. ⓘ	-81.1	25.5	-24.7	5.7	4.7	14.3	12.9	37.1	5.3	12.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	8.9%	11.3%	-4.3%	-2.1%
Adj EPS ⓘ	14%	7.8%	14.2%	113%
BVPSⓘ	12.9%	15.4%	3.6%	14.6%
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'13	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	8.5	6	8.4	8.4	14.6	19.4	8.3	-10.3	5.4	10.3	8.5
Op. Profit Mgn % ⓘ	7.4	7.1	6.9	7.3	5.9	10	8	4.8	8.5	11.5	NAN
Net Profit Mgn % ⓘ	1.4	1	1.4	1.6	2.7	3.1	1.4	-2.5	1.2	2.5	3.4
Debt to Equity ⓘ	2.1	2.1	2.1	2.3	2.7	2.4	2.2	2.6	2.4	1.9	-
Working Cap Days ⓘ	154	182	190	206	192	162	190	292	242	268	0
Cash Conv. Cycle ⓘ	88	102	105	124	91	72	101	148	135	149	0

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 8.50%

Net Profit is growing at healthy rate in last 3 years 14.15%

Debt to equity has declined versus last 3 years average to 1.94

Sales growth has been subdued in last 3 years -4.33%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Mangalam Alloys Ltd.

	Standalone	Consolidated
TTM EPS (₹)	4.1	0.6
TTM Sales (₹ Cr.)	303	311
BVPS (₹.) ⓘ	54	10
Reserves (₹ Cr.) ⓘ	109	-
P/BV ⓘ	0.84	4.55
PE ⓘ	11.08	72.51

From the Market
52 Week Low / High (₹)	0.00 / 0.00
All Time Low / High (₹)	- / -
Market Cap (₹ Cr.)	112
Equity (₹ Cr.)	24.7
Face Value (₹)	10
Industry PE ⓘ	27.4

Management X-Ray of Mangalam Alloys:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Mangalam Alloys

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Mangalam Alloys

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'13	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'20	Mar'21	Mar'22	Mar'23
Sales	141	139	152	152	178	269	346	271	309	303
Operating Expenses ⓘ	130	129	141	141	167	242	318	258	281	270
Manufacturing Costs	29	27	28	27	0	0	39	32	28	32
Material Costs	90	90	99	101	118	175	244	195	214	208
Employee Cost	5	5	5	5	7	15	21	20	19	15
Other Costs ⓘ	6	7	9	8	42	52	13	12	20	14
Operating Profit ⓘ	10	10	10	11	10	27	27	13	28	33
Operating Profit Margin (%)	7.3%	7.1%	6.9%	7.5%	5.9%	10.0%	7.9%	4.8%	9.2%	11.0%
Other Income ⓘ	0	1	2	3	2	1	3	1	0	5
Interest ⓘ	6	6	7	7	3	10	15	15	14	19
Depreciation ⓘ	3	3	3	3	3	6	7	8	8	7
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	2	2	3	4	6	12	8	-9	6	13
Tax ⓘ	0	1	1	2	1	3	2	-3	1	3
Profit After Tax	2	1	2	3	5	9	7	-7	5	10
PAT Margin (%)	1.4%	1.0%	1.4%	1.7%	2.7%	3.3%	1.9%	-2.4%	1.6%	3.3%
Adjusted EPS (₹)	1.2	0.9	1.3	1.5	2.9	5.0	3.7	-3.5	2.7	5.5
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'13	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	23	24	27	30	35	49	68	64	69	79
Share Capital ⓘ	7	7	7	7	7	18	18	19	19	19
Reserves ⓘ	16	17	20	23	28	31	50	45	50	60
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	41	45	55	66	91	105	142	152	148	138
Long Term Debt	6	9	12	25	40	56	51	68	67	58
Short Term Debt	35	36	43	42	51	50	92	85	81	80
Trade Payables	16	18	20	24	31	50	88	66	53	80
Others Liabilities ⓘ	12	10	6	9	13	21	28	30	30	35
Total Liabilities ⓘ	92	98	108	130	169	225	326	312	301	332
Fixed Assets
Gross Block	38	40	42	45	45	50	125	127	140	141
Accumulated Depreciation	14	17	19	22	0	0	42	49	57	64
Net Fixed Assetsⓘ	24	23	22	22	45	50	83	78	82	77
CWIP ⓘ	0	0	0	4	5	14	0	0	0	6
Investmentsⓘ	1	1	1	14	19	19	19	19	19	0
Inventories	28	34	28	40	40	65	126	128	117	126
Trade Receivables	26	26	43	37	47	59	75	59	59	91
Cash Equivalents	1	1	1	1	2	2	2	2	1	1
Others Assetsⓘ	12	14	13	11	12	16	20	26	22	30
Total Assets ⓘ	92	98	108	130	169	225	326	312	301	332

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'13	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	-1	2	-2	12	20	8	12	5	31	13
PBT ⓘ	2	2	3	4	6	12	8	-9	6	13
Adjustment ⓘ	3	3	3	2	4	12	20	21	21	19
Changes in Working Capital ⓘ	-6	-6	-13	2	10	-17	-13	-5	4	-18
Tax Paid ⓘ	-1	-2	-1	-1	-2	-2	-3	-1	0	-1
Cash Flow From Investing Activity ⓘ	-1	-1	-2	-19	-32	-19	-20	-2	-12	17
Capex	-1	-2	-2	-20	-27	-19	-20	-2	-13	-8
Net Investments	0	0	0	0	-5	0	0	0	0	24
Others ⓘ	0	0	0	1	0	0	0	0	0	0
Cash Flow From Financing Activityⓘ	1	-1	4	7	12	11	8	-3	-18	-29
Net Proceeds from Shares ⓘ	0	0	1	0	0	5	0	3	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	15	-2	-1	-2
Interest Paid ⓘ	-5	-5	-6	-5	-4	-9	-13	-14	-13	-17
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	7	4	9	12	16	16	7	10	-4	-10
Net Cash Flow ⓘ	0	0	0	0	0	0	0	0	0	0

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'13	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	8.23	5.97	8.48	9.09	14.88	20.93	11.16	-9.91	7.6	13.7
ROCE (%)	11.38	11.04	12.94	11.94	8.13	14.71	11.9	2.67	8.88	13.68
Asset Turnover Ratio	1.63	1.46	1.47	1.28	1.19	1.36	1.26	0.85	1.01	0.96
PAT to CFO Conversion(x)	-0.5	2	-1	4	4	0.89	1.71	N/A	6.2	1.3
Working Capital Days
Receivable Days	58	68	83	95	86	72	71	91	70	90
Inventory Days	67	81	75	82	82	71	101	171	144	146
Payable Days	56	70	71	79	85	84	103	144	102	117

Mangalam Alloys Ltd Stock News

Mangalam Alloys Ltd FAQs

What is the share price of Mangalam Alloys?

Company share prices are keep on changing according to the market conditions. The closing price of Mangalam Alloys on 01-Jan-1970 05:30 is ₹0.00.

What is the market cap of Mangalam Alloys?

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 01-Jan-1970 05:30 the market cap of Mangalam Alloys stood at ₹112.3.

What is the P/E ratio of Mangalam Alloys?

The latest P/E ratio of Mangalam Alloys as of 01-Jan-1970 05:30 is 11.08.

What is the P/B ratio of Mangalam Alloys?

The latest P/B ratio of Mangalam Alloys as of 01-Jan-1970 05:30 is 0.84.

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

The 52-week high of Mangalam Alloys is ₹0.00 and the 52-week low is ₹0.00.

What is the TTM revenue of Mangalam Alloys?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mangalam Alloys is ₹302.9 ( Cr.) .

About Mangalam Alloys Ltd

Mangalam Alloys was originally incorporated as Mangalam Alloys Private Limited on August 01, 1988 under the Companies Act, 1956 vide certificate of incorporation issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. The company was subsequently converted in to a public company and consequently name was changed to Mangalam Alloys Limited (MAL) vide fresh certificate of incorporation dated April 20, 1995 issued by Registrar of Companies, Gujarat, Dadra and Nagar Havelli.

The company was incorporated by its promoters Mr Uttamchand Chandanmal Mehta & Mr Maheshchand Jain with an aim of running stainless steel melting unit as part of business growth. As a part of business growth, the company registered with the Registrar of Companies, Gujarat, Dadra and Nagar Havelli on August 1, 1988 as Mangalam Alloys. The company is having a unique integrated stainless steel, special steel & higher alloys steel melting and further processing unit i.e. up to bright bar fasteners. The company is a stainless steel unit manufacturing SS Ingots, Round Bar, RCS, Bright bar, different sections/ profiles like square, hex, angle, patti, etc, Forging and making fasteners. The company is having integrated stainless steel manufacturing unit with a turnover of Rs 30,292.25 lakh in the financial year ending on March 31, 2023. Having situated in Ahmedabad, Gujarat, the fastest growing city of India and the third in the world, the location of the company is one of the primary factors of its growth.

For more than 3 decades, the company has demonstrated an unwavering commitment to performance along with integrity. In the span of years, the company has expanded into new businesses and new regions building a colossal record of sustained growth. The company manufactures stainless steel ingots through three furnaces by melting of stainless steel scrap, rolling of ingots to stainless steel rounds &flats followed by heat treatment annealing furnace and bright bar unit. The company is awarded by various certificates and ISO 9001:2015 and PED certificate also recognized with Two Star Export House by DGFT, India.

Business are of the company

The company is engaged in the business of manufacturing of Stainless Steel, Special Steel, Alloys Steel Melting and further processing unit i.e. up to Bright Bar Fasteners engineering products.

Products of the company

Ingots
Black round bars
RCS
Bright forged round bars
Bright round bars
Hexagonal & square bars
Angle bars
Flat bar
Hex screw/Het bolt
Hex nut/Heavy hex nut Allen CSK
Stud/Threaded
Allen cap Square head bolts / Screw

Awards, accreditations or recognitions

2012: Award for Maximum Participation in Council’s Promotion Activities.
2013: Rashtriya Udyog Ratan Award.
2018: SME Business Excellence Awards.

History and milestones

1988: Incorporation of the Company in the name of ‘Mangalam Alloys’.
1995: Conversion of Company from Private to Public Limited Company.
2003: Established 16 rolling mill.
2007: Investment in Joint Venture at Vietnam & established annealing department & bright bar unit. Recognized as ISO 9001.
2008: Investment in Wind Mill of 1.25MW for Green Power.
2009: Developed Fastener Division in MAL.
2014: Development of New Products i.e. SS Bright Square, Hexagonal Bar, Angles, Flat Bar.
2016: Certified as an ISO 18001:2007 Company.
2016: Got recognisation of in house R & D centre which is first in india in the sector of stainless steel and higher alloys process.
2017: Establishment of 20 inch, 17 inch and 12 inch Rolling Mill.
2019: Fully automated imported peeling and reeling machine for brightbar.