Mangalam Alloys Ltd - Stock Valuation and Financial Performance

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

BSE Share Price
Not Listed

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Mangalam Alloys stock performance -

mw4me loader
P/E Ratio (SA):
8.39
Market Cap:
96.3 Cr.
52-wk low:
0
52-wk high:
0

Is Mangalam Alloys Ltd an attractive stock to invest in?

1. Is Mangalam Alloys Ltd 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.

2. Is Mangalam Alloys Ltd 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 Fair zone.

3. Is Mangalam Alloys Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Mangalam Alloys 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 Alloys:

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 Alloys 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'14Mar'15Mar'16Mar'17Mar'18Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 11%12.9%11.9%8.1%14.7%11.9%2.7%8.9%13.7%10.8%-
Value Creation
Index
-0.2-0.1-0.2-0.40.1-0.2-0.8-0.40.0-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 139152152178269346271309303305305
Sales YoY Gr.-9%0.4%16.6%51.2%28.8%-21.6%14.1%-2.1%0.5%-
Adj EPS 0.91.31.42.84.62.8-3.71.94.14.74.7
YoY Gr.-44.9%10.1%97.9%64.4%-40.5%-233.5%NA112.5%15.9%-
BVPS (₹) 15.216.417.820.827.738.334.437.242.654.654.6
Adj Net
Profit
1.42.12.44.88.24.9-6.83.67.611.711
Cash Flow from Ops. 2-2.312.420.48.111.64.530.712.78.7-
Debt/CF from Ops. 25.5-24.75.74.714.312.937.15.312.117.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9.1%2.6%3.9%0.5%
Adj EPS 20.4%0.5%NA15.9%
BVPS15.3%14.5%16.6%28.2%
Share Price - - - -43.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
68.48.414.619.48.3-10.35.410.210.98.5
Op. Profit
Mgn %
7.16.97.35.91084.88.511.511.3NAN
Net Profit
Mgn %
11.41.62.73.11.4-2.51.22.53.83.8
Debt to
Equity
2.12.12.32.72.42.22.62.41.91.1-
Working Cap
Days
1821902061921621902922422683220
Cash Conv.
Cycle
10210512491721011481351491410

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 1.12

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

Sales growth has been subdued in last 3 years 3.93%

Net Profit has been subdued in last 3 years 0.00%

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

Latest Financials - Mangalam Alloys Ltd.

Standalone Consolidated
TTM EPS (₹) 4.7 0.6
TTM Sales (₹ Cr.) 305 311
BVPS (₹.) 54.6 10
Reserves (₹ Cr.) 110 -
P/BV 0.71 3.90
PE 8.39 62.15
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 96.3
Equity (₹ Cr.) 24.7
Face Value (₹) 10
Industry PE 32.8

Management X-Ray of Mangalam Alloys:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Mangalam Alloys

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'20Mar'21Mar'22Mar'23Mar'24
Sales139.26151.74152.28177.56268.51345.91271.26309.37302.92304.55
Operating Expenses 129.37141.30140.87167.06241.65318.43258.28280.90269.68270.54
Manufacturing Costs26.6728.2827.110039.2932.1927.9433.1028.63
Material Costs90.3498.74101117.99175.48244.42194.76213.86208.17218.88
Employee Cost 5.275.174.826.8914.6721.4719.7118.6114.0514.38
Other Costs 7.099.117.9542.1851.5013.2511.6120.4814.368.65
Operating Profit 9.9010.4411.4010.5026.8627.4812.9828.4733.2434.01
Operating Profit Margin (%) 7.1%6.9%7.5%5.9%10.0%7.9%4.8%9.2%11.0%11.2%
Other Income 1.192.502.582.101.022.740.650.375.261
Interest 5.886.746.593.369.9214.6215.0614.5018.8019.81
Depreciation 3.162.753.043.156.047.487.638.256.697.18
Exceptional Items 0000000000
Profit Before Tax 2.063.454.366.0911.928.12-9.066.1013.018.03
Tax 0.661.281.751.223.081.58-2.521.052.88-3.44
Profit After Tax 1.392.172.614.878.846.54-6.545.0510.1311.47
PAT Margin (%) 1.0%1.4%1.7%2.7%3.3%1.9%-2.4%1.6%3.3%3.8%
Adjusted EPS (₹)0.91.31.52.95.03.7-3.52.75.54.7
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 24.0227.1230.1935.2949.2267.9863.9068.9579.03134.70
Share Capital 6.606.917.067.0617.7717.7718.5618.5618.5624.69
Reserves 17.4220.2123.1228.2231.4550.2145.3450.3960.47110.02
Minority Interest0000000000
Debt45.4954.5866.4890.54105.41142.32152.07148.25137.71134.90
Long Term Debt9.4811.9424.8939.7455.8850.5867.5567.3357.5451.89
Short Term Debt36.0142.6341.5950.8049.5391.7484.5280.9380.1783.01
Trade Payables18.3720.0723.7831.0749.5287.7666.0553.4879.9295.63
Others Liabilities 10.436.419.4212.5220.7827.5230.0829.9835.3625
Total Liabilities 98.31108.18129.87169.42224.93325.58312.11300.67332.02390.23

Fixed Assets

Gross Block39.6441.5744.5444.9650.15125.50127.31139.76141.11166.50
Accumulated Depreciation16.7519.0822.090042.2149.4357.3163.6970.83
Net Fixed Assets22.8922.4922.4544.9650.1583.2877.8782.4577.4195.67
CWIP 0.0803.554.8213.870006.100
Investments 0.790.7014.2519.3019.3219.2219.2219.220.040.04
Inventories33.8728.1640.2339.6164.63125.88127.96116.54125.73146.16
Trade Receivables25.8742.9736.6947.0558.7875.4359.3658.6091.1488.89
Cash Equivalents 0.910.971.441.611.742.091.981.381.384.61
Others Assets13.9012.8811.2512.0616.4319.6925.7222.4730.2154.87
Total Assets 98.31108.18129.87169.42224.93325.58312.11300.67332.02390.23

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 1.98-2.2612.3620.408.0911.594.5230.6612.718.71
PBT 2.063.454.366.0911.928.12-9.066.1013.018.03
Adjustment 2.942.582.164.1011.8020.2820.6420.8118.9124.50
Changes in Working Capital -6.04-12.982.159.62-16.72-13.03-5.163.75-18.37-23.59
Tax Paid -1.98-0.95-1.35-1.60-2.05-3.35-1.360-0.780
Cash Flow From Investing Activity -1.28-2.01-19.22-31.84-19.27-19.57-1.58-12.5016.68-18.37
Capex -1.54-2.27-19.82-26.81-19.36-19.81-1.82-12.80-7.70-19.33
Net Investments 000-5.05-0.020.050-0.0224.270
Others 0.260.260.600.020.110.180.240.330.110.96
Cash Flow From Financing Activity -0.704.307.0111.6011.328.21-3.14-18.40-29.439.75
Net Proceeds from Shares 010.4605.2303006.13
Net Proceeds from Borrowing 0000014.71-2.24-1.44-1.87-1.05
Interest Paid -5.05-5.79-5.36-4.08-9.45-13.09-13.65-12.88-17.47-18.28
Dividend Paid 0000000000
Others 4.359.0811.9115.6815.546.599.74-4.08-10.0922.95
Net Cash Flow 00.020.150.160.130.23-0.20-0.24-0.040.09
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)5.978.489.0914.8820.9311.16-9.917.613.6910.73
ROCE (%)11.0412.9411.948.1314.7111.92.678.8813.6810.75
Asset Turnover Ratio1.461.471.281.191.361.260.851.010.960.84
PAT to CFO Conversion(x)1.42-1.044.744.190.921.77N/A6.071.250.76
Working Capital Days
Receivable Days688395867271917090108
Inventory Days8175828271101171144146163
Payable Days7071798584103144102117146

Mangalam Alloys Ltd Stock News

Mangalam Alloys Ltd FAQs

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.
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 ₹96.28.
The latest P/E ratio of Mangalam Alloys as of 01-Jan-1970 05:30 is 8.39.
The latest P/B ratio of Mangalam Alloys as of 01-Jan-1970 05:30 is 0.71.
The 52-week high of Mangalam Alloys is ₹0.00 and the 52-week low is ₹0.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mangalam Alloys is ₹304.6 ( 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.

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