Mangalam Worldwide Ltd - Stock Valuation and Financial Performance

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

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on Mangalam Worldwide

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Mangalam Worldwide stock performance -

mw4me loader
P/E Ratio (SA):
21.68
Market Cap:
435.9 Cr.
52-wk low:
0
52-wk high:
0

Is Mangalam Worldwide Ltd an attractive stock to invest in?

1. Is Mangalam Worldwide Ltd a good quality company?

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

2. Is Mangalam Worldwide Ltd undervalued or overvalued?

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

3. Is Mangalam Worldwide Ltd a good buy now?

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

10 Year X-Ray of Mangalam Worldwide:

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 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

Value Creation Index Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 3.7%15.3%20%34.3%12.6%14.6%-
Value Creation
Index
-0.70.10.41.5-0.10.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 34.6327302523644818818
Sales YoY Gr.-845.2%-7.7%73.2%23.2%26.9%-
Adj EPS 0.21.22.12.95.87.27.7
YoY Gr.-466.7%79%37.6%99.3%23.8%-
BVPS (₹) 8.61012.625.352.562.467.4
Adj Net
Profit
0.31.52.75.314.318.820
Cash Flow from Ops. -5.2-14.75.61.6-60.9-11.3-
Debt/CF from Ops. -0.5-1.32.929.7-1.4-9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA88.3%39.4%26.9%
Adj EPS NA103%50.3%23.8%
BVPSNA48.8%70.6%18.9%
Share Price - - - 39.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
2.915.522.918.116.412.511.9
Op. Profit
Mgn %
0.10.71.50.22.94.64.8
Net Profit
Mgn %
0.70.50.912.22.32.5
Debt to
Equity
0.31.91.310.70.60.1
Working Cap
Days
03356356310466
Cash Conv.
Cycle
0112017386718

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 39.41%

Net Profit is growing at healthy rate in last 3 years 50.29%

Debt to equity has declined versus last 3 years average to 0.63

Sales growth is good in last 4 quarters at 10.97%

Return on Equity has declined versus last 3 years average to 11.90%

Latest Financials - Mangalam Worldwide Ltd.

Standalone Consolidated
TTM EPS (₹) 7.7 8.4
TTM Sales (₹ Cr.) 818 818
BVPS (₹.) 67.4 70.6
Reserves (₹ Cr.) 149 157
P/BV 2.49 2.38
PE 21.68 19.97
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 436
Equity (₹ Cr.) 26
Face Value (₹) 10
Industry PE 34

Management X-Ray of Mangalam Worldwide:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.009.329.689.68
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Mangalam Worldwide

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales35327302523644818
Operating Expenses 35325297533626781
Manufacturing Costs028627592111
Material Costs34291223405507635
Employee Cost 01341218
Other Costs 0410491617
Operating Profit 024-101837
Operating Profit Margin (%) 0.1%0.7%1.5%-2.0%2.9%4.6%
Other Income 0113224
Interest 0122415
Depreciation 000156
Exceptional Items 000040
Profit Before Tax 024191620
Tax 0116-10
Profit After Tax 013121720
PAT Margin (%) 0.7%0.5%0.9%2.4%2.6%2.5%
Adjusted EPS (₹)0.31.42.66.96.87.7
Dividend Payout Ratio (%)6%1%0%0%15%13%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 9101345129162
Share Capital 000182526
Reserves 9101327104136
Minority Interest000000
Debt31916478399
Long Term Debt00001618
Short Term Debt31916476781
Trade Payables02916181248
Others Liabilities 001122494
Total Liabilities 125946123248403

Fixed Assets

Gross Block00083111127
Accumulated Depreciation000333340
Net Fixed Assets000507887
CWIP 000002
Investments 666557
Inventories033253565146
Trade Receivables41210155299
Cash Equivalents 001552
Others Assets284124460
Total Assets 125946123248403

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -5-1562-61-11
PBT 02481620
Adjustment 0123320
Changes in Working Capital -5-171-10-81-51
Tax Paid 0-1-1010
Cash Flow From Investing Activity -400-42-38-19
Capex 000-51-36-11
Net Investments -400114-3
Others 000-1-6-5
Cash Flow From Financing Activity 915-5449827
Net Proceeds from Shares 700206526
Net Proceeds from Borrowing 0000174
Interest Paid 0-1-2-2-3-15
Dividend Paid 00000-2
Others 216-3262014
Net Cash Flow 0014-1-4
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)2.9415.4722.942.4319.1713.82
ROCE (%)3.7115.2519.9634.3412.6214.58
Asset Turnover Ratio2.989.285.766.23.482.51
PAT to CFO Conversion(x)N/A-1520.17-3.59-0.55
Working Capital Days
Receivable Days4391391934
Inventory Days03736212847
Payable Days01837151117

Mangalam Worldwide Ltd Stock News

Mangalam Worldwide Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Mangalam Worldwide 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 Worldwide stood at ₹435.9.
The latest P/E ratio of Mangalam Worldwide as of 01-Jan-1970 05:30 is 21.68.
The latest P/B ratio of Mangalam Worldwide as of 01-Jan-1970 05:30 is 2.49.
The 52-week high of Mangalam Worldwide 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 Worldwide is ₹818.1 ( Cr.) .

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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