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Mangalam Alloys Ltd (MAL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: MAL Steel & Iron Products | Small Cap | Mangalam Alloys Share Price

BSE Share Price
Not Listed

Mangalam Alloys Ltd (MAL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: MAL Steel & Iron Products | Small Cap | Mangalam Alloys Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹93 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹5.9
TTM Sales
₹438 Cr.
Book Value per Share
₹58
P/E Ratio
6.37
Lower than its 5-year historical median
Industry PE
24.3
Price to Book (P/B)
0.65
In line with its 5-year historical median
Price to Sales (P/S)
0.21
Lower than its 5-year historical median
EV/EBITDA
4.61
Lower than its 5-year historical median
Dividend Yield
NAN%
Profitability Efficiency
Return on Equity (ROE)
9.61%
Outperforms industry median
Return on Capital Employed (ROCE)
15.63%
Outperforms industry median
Return on Assets (ROA)
3.14%
Operating Profit Margin
11.9%
Net Profit Margin
3.1%
Gross Profit Margin
6.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
41.67%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
51.16%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
16.48%
Asset Quality
Promoter Holding
59.74%
Pledged shares (%) of Promoter's holding (%)
54.25%
Reserves
₹118 Cr.
Equity
₹24.7 Cr.
Face Value
₹10
All Time Low / High
- / -

Mangalam Alloys stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Mangalam Alloys Ltd a good quality company?
Mangalam Alloys Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Mangalam Alloys Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Mangalam Alloys Ltd vs industry peers?
Mangalam Alloys Ltd revenue CAGR is 4.52%, compared to the industry median CAGR of 7.56%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Mangalam Alloys Ltd?
Promoters hold 59.74% of the Mangalam Alloys Ltd, with 54.25% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Mangalam Alloys Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of 28.03% based on the current price.

10 Year X-Ray : Login to view analysis.

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

Mar'15Mar'16Mar'17Mar'18Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 12.9%11.9%8.1%14.7%11.9%2.7%8.9%13.7%10.8%15.6%-
Value Creation
Index
-0.1-0.2-0.40.1-0.2-0.8-0.40.0-0.20.1-

Growth Parameters

Sales 152152178269346271309303305431438
Sales YoY Gr.-0.4%16.6%51.2%28.8%-21.6%14.1%-2.1%0.5%41.7%-
Adj EPS 1.31.42.84.62.8-3.71.94.14.75.35.9
YoY Gr.-10.1%97.9%64.4%-40.5%-233.5%NA112.5%15.9%11.4%-
BVPS (₹) 16.417.820.827.738.334.437.242.654.65858
Adj Net
Profit
2.12.44.88.24.9-6.83.67.611.71315
Cash Flow from Ops. -2.312.420.48.111.64.530.712.78.71.1-
Debt/CF from Ops. -24.75.74.714.312.937.15.312.117.3158.1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 12.3%4.5%11.7%41.7%
Adj EPS 16.9%13.9%40%11.4%
BVPS15.1%8.7%16%6.3%
Share Price - - - -51.1%

Key Financial Parameters

Mar'15Mar'16Mar'17Mar'18Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
8.48.414.619.48.3-10.35.410.210.99.410.2
Op. Profit
Mgn %
6.97.35.91084.88.511.511.311.9NAN
Net Profit
Mgn %
1.41.62.73.11.4-2.51.22.53.833.4
Debt to
Equity
2.12.32.72.42.22.62.41.91.11.2-
Working Cap
Days
1902061921621902922422683222770
Cash Conv.
Cycle
10512491721011481351491411290

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales151.74152.28177.56268.51345.91271.26309.37302.92304.55431.47
Operating Expenses + 141.30140.87167.06241.65318.43258.28280.90269.68270.54380.06
Manufacturing Costs28.2827.110039.2932.1927.9433.1028.6327.97
Material Costs98.74101117.99175.48244.42194.76213.86208.17218.88324.85
Employee Cost 5.174.826.8914.6721.4719.7118.6114.0514.3815
Other Costs 9.117.9542.1851.5013.2511.6120.4814.368.6512.24
Operating Profit 10.4411.4010.5026.8627.4812.9828.4733.2434.0151.41
Operating Profit Margin (%) 6.9%7.5%5.9%10.0%7.9%4.8%9.2%11.0%11.2%11.9%
Other Income + 2.502.582.101.022.740.650.375.2613.53
Exceptional Items 0000000000.01
Interest 6.746.593.369.9214.6215.0614.5018.8019.8126.35
Depreciation 2.753.043.156.047.487.638.256.697.187.56
Profit Before Tax 3.454.366.0911.928.12-9.066.1013.018.0321.05
Tax 1.281.751.223.081.58-2.521.052.88-3.447.69
Profit After Tax 2.172.614.878.846.54-6.545.0510.1311.4713.36
PAT Margin (%) 1.4%1.7%2.7%3.3%1.9%-2.4%1.6%3.3%3.8%3.1%
Adjusted EPS (₹)1.31.52.95.03.7-3.52.75.54.75.4
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Mangalam Alloys - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 27.1230.1935.2949.2267.9863.9068.9579.03134.70143.17
Share Capital 6.917.067.0617.7717.7718.5618.5618.5624.6924.69
Reserves 20.2123.1228.2231.4550.2145.3450.3960.47110.02118.48
Debt +54.5866.4890.54105.41142.32152.07148.25137.71134.90168.54
Long Term Debt11.9424.8939.7455.8850.5867.5567.3357.5451.8947.34
Short Term Debt42.6341.5950.8049.5391.7484.5280.9380.1783.01121.19
Minority Interest0000000000
Trade Payables20.0723.7831.0749.5287.7666.0553.4879.9295.63118.48
Others Liabilities 6.419.4212.5220.7827.5230.0829.9835.362529.93
Total Liabilities 108.18129.87169.42224.93325.58312.11300.67332.02390.23460.12

Fixed Assets

Net Fixed Assets +22.4922.4544.9650.1583.2877.8782.4577.4195.6790.41
Gross Block41.5744.5444.9650.15125.50127.31139.76141.11166.50168.66
Accumulated Depreciation19.0822.090042.2149.4357.3163.6970.8378.24
CWIP 03.554.8213.870006.1000.12
Investments 0.7014.2519.3019.3219.2219.2219.220.040.040.47
Inventories28.1640.2339.6164.63125.88127.96116.54125.73146.16189.35
Trade Receivables42.9736.6947.0558.7875.4359.3658.6091.1488.89112
Cash Equivalents 0.971.441.611.742.091.981.381.384.613.74
Others Assets 12.8811.2512.0616.4319.6925.7222.4730.2154.8764.04
Total Assets 108.18129.87169.42224.93325.58312.11300.67332.02390.23460.12

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -2.2612.3620.408.0911.594.5230.6612.718.711.13
PBT 3.454.366.0911.928.12-9.066.1013.018.0321.05
Adjustment 2.582.164.1011.8020.2820.6420.8118.9124.5032.30
Changes in Working Capital -12.982.159.62-16.72-13.03-5.163.75-18.37-23.59-46.71
Tax Paid -0.95-1.35-1.60-2.05-3.35-1.360-0.780-5.44
Cash Flow From Investing Activity + -2.01-19.22-31.84-19.27-19.57-1.58-12.5016.68-18.37-1.25
Capex -2.27-19.82-26.81-19.36-19.81-1.82-12.80-7.70-19.33-2.37
Net Investments 00-5.05-0.020.050-0.0224.270-0.43
Others 0.260.600.020.110.180.240.330.110.961.54
Cash Flow From Financing Activity + 4.307.0111.6011.328.21-3.14-18.40-29.439.750.88
Net Proceeds from Shares 10.4605.2303006.130
Net Proceeds from Borrowing 000014.71-2.24-1.44-1.87-1.05-4.54
Interest Paid -5.79-5.36-4.08-9.45-13.09-13.65-12.88-17.47-18.28-26.35
Dividend Paid 0000000000
Others 9.0811.9115.6815.546.599.74-4.08-10.0922.9531.77
Net Cash Flow 0.020.150.160.130.23-0.20-0.24-0.040.090.76

Financial Ratio

PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)8.489.0914.8820.9311.16-9.917.613.6910.739.61
ROCE (%)12.9411.948.1314.7111.92.678.8813.6810.7515.63
Asset Turnover Ratio1.471.281.191.361.260.851.010.960.841.01
PAT to CFO Conversion(x)-1.044.744.190.921.77N/A6.071.250.760.08
Working Capital Days
Receivable Days82.8095.5086.1071.9070.8090.7069.6090.20107.9085
Inventory Days74.608282.1070.90100.50170.80144.20146162.90141.90
Payable Days71.1079.2084.8083.80102.50144.10102117146.40120.30

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.0054.25
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Mangalam Alloys Ltd FAQs

The current trading 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 31-Dec-1969 the market cap of Mangalam Alloys stood at ₹93.44 Cr

The latest P/E ratio of Mangalam Alloys as of 31-Dec-1969 is 6.37.

The latest P/B ratio of Mangalam Alloys as of 31-Dec-1969 is 0.65.

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 ₹438 ( Cr.) .

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

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

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.

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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