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10 Yrs X-Ray 
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About
Mangalam Worldwide Ltd (MWL)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544764 NSE: MWL Steel & Iron Products | Small Cap | Mangalam Worldwide Share Price
₹43.92 -0.91 (-2.03%)
As on 24-Sep'26 10:24
Mangalam Worldwide Ltd (MWL)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544764 NSE: MWL Steel & Iron Products | Small Cap | Mangalam Worldwide Share Price
₹43.92 -0.91 (-2.03%)
As on 24-Sep'26 10:24
Key Metrics
Valuation Multiples
Market Cap
₹1,331 Cr.
Current Price
₹43.9
52-Week Low / High
₹35 / 48
TTM EPS
₹1.8
TTM Sales
₹1,248 Cr.
Book Value per Share
₹10.5
P/E Ratio
25.66
Higher than its 5-year historical median
Industry PE
25.4
Price to Book (P/B)
4.27
Higher than its 5-year historical median
Price to Sales (P/S)
1.07
Higher than its 5-year historical median
EV/EBITDA
14.45
Higher than its 5-year historical median
Dividend Yield
0.07%
Profitability Efficiency
Return on Equity (ROE)
18.05%
Outperforms industry median
Return on Capital Employed (ROCE)
17.97%
Outperforms industry median
Return on Assets (ROA)
6.41%
Operating Profit Margin
7.7%
Net Profit Margin
4.15%
Gross Profit Margin
5.1%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
13.88%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
65.93%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
69.79%
Asset Quality
Promoter Holding
66.50%
Pledged shares (%) of Promoter's holding (%)
22.85%
Reserves
₹282 Cr.
Equity
₹29.7 Cr.
Face Value
₹1
All Time Low / High
₹34.50 / 48.40
Check Before You Invest
Quality
Somewhat GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Strong
Is Mangalam Worldwide Ltd a good quality company?
Mangalam Worldwide Ltd is a average quality company, based on a somewhat consistent 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 Worldwide Ltd performance compare with that of its Peers?
Revenue growth of Mangalam Worldwide Ltd vs industry peers?
Mangalam Worldwide Ltd revenue CAGR is 31.96%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Mangalam Worldwide Ltd?
Promoters hold 66.50% of the Mangalam Worldwide Ltd, with 22.85% of their stake pledged, indicating high pledge risk.
Stock return of Mangalam Worldwide Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of -29.36% based on the current price.
10 Year X-Ray :
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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 Worldwide Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation ⓘ
| Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 3.7% | 15.3% | 20% | 34.3% | 12.6% | 14.6% | 15% | 18.3% | - |
| Value Creation Index ⓘ | -0.7 | 0.1 | 0.4 | 1.5 | -0.1 | 0.0 | 0.1 | 0.3 | - |
Growth Parameters ⓘ |
|||||||||
| Sales ⓘ | 34.6 | 327 | 302 | 523 | 644 | 818 | 1,061 | 1,208 | 1,248 |
| Sales YoY Gr. | - | 845.2% | -7.7% | 73.2% | 23.2% | 26.9% | 29.7% | 13.9% | - |
| Adj EPS ⓘ | 0 | 0.1 | 0.2 | 0.3 | 0.6 | 0.7 | 0.9 | 1.7 | 1.7 |
| YoY Gr. | - | 500% | 75% | 38.1% | 100% | 24.1% | 26.4% | 85.7% | - |
| BVPS (₹) ⓘ | 0.9 | 1 | 1.3 | 2.5 | 5.3 | 6.2 | 8.3 | 9.8 | 10.2 |
| Adj Net Profit ⓘ | 0.3 | 1.5 | 2.7 | 5.3 | 14.3 | 18.8 | 27 | 50.3 | 52 |
| Cash Flow from Ops. ⓘ | -5.2 | -14.7 | 5.6 | 1.6 | -60.9 | -11.5 | -86.6 | 23.8 | - |
| Debt/CF from Ops. ⓘ | -0.5 | -1.3 | 2.9 | 29.7 | -1.4 | -8.8 | -2.2 | 9.8 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 32% | 23.3% | 13.9% | ||||
| Adj EPS ⓘ | NA | 51.8% | 42.8% | 85.7% | ||||
| BVPSⓘ | NA | 50.8% | 23.2% | 17.6% | ||||
| Share Price | - | - | -27.9% | -81.3% | ||||
Key Financial Parameters ⓘ
| Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 2.9 | 15.5 | 22.9 | 18.1 | 16.4 | 12.5 | 12.9 | 18.7 | 17.4 |
| Op. Profit Mgn % ⓘ | 0.1 | 0.7 | 1.5 | 0.2 | 2.9 | 4.6 | 5.1 | 7.6 | 8.2 |
| Net Profit Mgn % ⓘ | 0.7 | 0.5 | 0.9 | 1 | 2.2 | 2.3 | 2.6 | 4.2 | 4.1 |
| Debt to Equity ⓘ | 0.3 | 1.9 | 1.3 | 1 | 0.7 | 0.6 | 0.8 | 0.8 | - |
| Working Cap Days ⓘ | 0 | 33 | 56 | 35 | 63 | 104 | 139 | 194 | 112 |
| Cash Conv. Cycle ⓘ | 0 | 11 | 20 | 17 | 38 | 67 | 90 | 125 | 35 |
Valuation of Mangalam Worldwide - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 9.32 | 9.68 | 9.68 | 7.99 | 7.99 | 8.10 | 8.10 | 4.05 | 11.64 | 22.85 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|
| Sales | 302 | 523 | 644 | 818 | 1,061 | 1,208 |
| Operating Expenses ⓘ + | 297 | 533 | 625 | 780 | 1,006 | 1,117 |
| Operating Profit ⓘ | 4 | -10 | 19 | 38 | 55 | 91 |
| Operating Profit Margin (%) | 1.5% | -2.0% | 3.0% | 4.7% | 5.2% | 7.5% |
| Other Income ⓘ + | 1 | 32 | 2 | 4 | 5 | 7 |
| Interest ⓘ | 2 | 2 | 4 | 15 | 24 | 37 |
| Depreciation ⓘ | 0 | 1 | 5 | 7 | 9 | 10 |
| Profit Before Tax ⓘ | 4 | 19 | 16 | 20 | 30 | 51 |
| Tax ⓘ | 1 | 6 | -2 | -3 | -0 | 1 |
| Profit After Tax | 3 | 12 | 18 | 23 | 30 | 50 |
| PAT Margin (%) | 0.9% | 2.4% | 2.7% | 2.8% | 2.8% | 4.2% |
| Adjusted EPS (₹) | 0.3 | 0.7 | 0.7 | 0.8 | 1.0 | 1.7 |
| Dividend Payout Ratio (%) | 0.20% | 0% | 14.20% | 11.90% | 2% | 1.80% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 13 | 45 | 135 | 170 | 256 | 300 | |||||
| Debt + | 17 | 47 | 83 | 99 | 187 | 225 | |||||
| Minority Interest | 0 | 0 | 5 | 6 | 6 | 6 | |||||
| Trade Payables | 16 | 18 | 13 | 48 | 113 | 113 | |||||
| Others Liabilities ⓘ | 1 | 12 | 23 | 91 | 74 | 285 | |||||
| Total Liabilities ⓘ | 47 | 123 | 259 | 414 | 636 | 929 | |||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 1 | 50 | 91 | 99 | 95 | 91 | |||||
| CWIP ⓘ | 0 | 0 | 0 | 2 | 0 | 16 | |||||
| Investments ⓘ | 6 | 5 | 4 | 7 | 35 | 33 | |||||
| Inventories | 25 | 35 | 65 | 146 | 282 | 464 | |||||
| Trade Receivables | 10 | 15 | 53 | 99 | 167 | 162 | |||||
| Cash Equivalents | 1 | 5 | 5 | 3 | 6 | 6 | |||||
| Others Assets ⓘ | 4 | 12 | 41 | 59 | 51 | 155 | |||||
| Total Assets ⓘ | 47 | 123 | 259 | 414 | 636 | 929 | |||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 6 | 2 | -61 | -10 | -87 | 24 |
| Cash Flow From Investing Activity ⓘ + | -1 | -40 | -38 | -20 | -7 | -25 |
| Cash Flow From Financing Activity ⓘ + | -4 | 43 | 98 | 26 | 94 | 2 |
| Net Cash Flow ⓘ | 1 | 4 | -1 | -4 | -0 | 1 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 20.57 | 42.45 | 19.47 | 15.04 | 13.85 | 18.05 | ||||
| ROCE (%) | 19.15 | 33.97 | 12.4 | 14.21 | 14.68 | 17.97 | ||||
| Asset Turnover Ratio | 6.37 | 6.15 | 3.38 | 2.43 | 2.02 | 1.54 | ||||
| PAT to CFO Conversion(x) | 2 | 0.17 | -3.39 | -0.43 | -2.9 | 0.48 | ||||
| Working Capital Days | ||||||||||
| Receivable Days | 11.50 | 8.70 | 19.40 | 34 | 45.80 | 49.70 | ||||
| Inventory Days | 30.80 | 21.10 | 28.20 | 46.90 | 73.50 | 112.80 | ||||
| Payable Days | 26.50 | 15.50 | 11.20 | 17.50 | 35 | 44 | ||||
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Mangalam Worldwide Ltd FAQs
The current trading price of Mangalam Worldwide on 24-Sep-2026 10:24 is ₹43.92.
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 23-Sep-2026 the market cap of Mangalam Worldwide stood at ₹1,331.5 Cr
The latest P/E ratio of Mangalam Worldwide as of 23-Sep-2026 is 25.76.
The latest P/B ratio of Mangalam Worldwide as of 23-Sep-2026 is 4.39.
The 52-week high of Mangalam Worldwide is ₹48.40 and the 52-week low is ₹34.50.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mangalam Worldwide is ₹1,248 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Mangalam Worldwide Ltd is a average quality company.
The key valuation ratios of Mangalam Worldwide Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Mangalam Worldwide Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
About Mangalam Worldwide Ltd
The Company was originally incorporated on December 11, 1995 as ‘Temchem Exports Private Limited’, as a private limited company, under the provisions of the Companies Act, 1956. Thereafter, the name of the Company was changed to ‘Hindprakash Exim Private Limited’ and received fresh Certificate of Incorporation dated April 30, 2007 from Registrar of Companies, Gujarat, Dadra and Nagar Haveli. Later on, the name of the Company was changed to ‘Mangalam Worldwide Private Limited’ and received fresh Certificate of incorporation dated October 13, 2014 issued by Assistant Registrar of Companies, Registrar of Companies, Ahmedabad. Later on, consequent upon the conversion of the Company into public limited company, the name of the Company was changed to “Mangalam Worldwide Limited” and fresh Certificate of Incorporation dated March 16, 2022 was issued by Registrar of Companies, Ahmedabad.
Mangalam Worldwide is mainly engaged in manufacturing of Stainless Steel (SS) Billets and rolling of SS Flat Bars with its fully integrated infrastructure consisting of steel melting shops, rolling mills and finishing machines at its plants located at Halol (Unit-I) and Changodar (Unit-II), Gujarat. The company also does the manufacturing of Stainless Steel (SS) Billets on job work basis. To cater the demand of customers for SS Round bars and SS Bright bars, it get manufacturing of such products on job work basis from third party manufacturers. The company is also engaged in trading of steel - scrap, ferro alloys, etc.
The company manufacture wide range of stainless steel of 200 series, 300 series (including series 304 and series 316), 400 series -grades in Austenitic, Ferritic, Martensitic and special chemical composition grades steel like 17/4 PH, Duplex and Super duplex Steel. The company with sound infrastructure, zero tolerance quality policies and with its energetic team of experts, make sure that it can fulfill any special customer requirements for various critical product applications. The company is Quality Management System certified company and holding ISO 9001:2015, ISO 45001:2018, ISO 14001:2015 certificates. Its products are used across industries like food and dairy equipments, Utensils, oil and gas, aerospace and medical devices among others. Its major customers are spread across states Rajasthan, Gujarat, Maharashtra and Uttarpradesh. Recently, it has also started exporting its products to Brazil.
Business area of the company
The company is engaged s engaged in the manufacturing of stainless steel (SS). It manufactures Stainless Steel (SS) Billets and SS Flat Bars. The company is also engaged in the trading of steel - scrap, ferro alloys, etc.
Key Events:
- 2019: The company took Manufacturing plants and rolloing plants on lease to commence manufacturing of SS Billets and rolling of SS Falt bars respectively.
- 2021: Hon’ble NCLT Ahmedabad vide Order Dated December 13, 2021, approved resolution plan submitted by the company in the Matter of Agarwal Mittal Concast Private Limited.
- 2022: Conversion of the company from Private Limited to Public Limited Company.
- 2022: The company has made entire payment under resolution Plan for acquisition of AMCPL.
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