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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

₹377.30 -3.05 (-0.80%)

As on 05-Jun'26 16:59

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

₹377.30 -3.05 (-0.80%)

As on 05-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,130 Cr.
Current Price
₹377.3
52-Week Low / High
₹373 / 394
TTM EPS
₹16.9
TTM Sales
₹1,208 Cr.
Book Value per Share
₹98.1
P/E Ratio
22.57
Higher than its 5-year historical median
Industry PE
25.8
Price to Book (P/B)
3.88
Higher than its 5-year historical median
Price to Sales (P/S)
0.94
Higher than its 5-year historical median
EV/EBITDA
14.00
In line with its 5-year historical median
Dividend Yield
0.12%
Profitability Efficiency
Return on Equity (ROE)
14.35%
Outperforms industry median
Return on Capital Employed (ROCE)
14.99%
Outperforms industry median
Return on Assets (ROA)
5.71%
Operating Profit Margin
5.1%
Net Profit Margin
2.77%
Gross Profit Margin
3.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
29.65%
Operating Profit Growth (1 Year)
-
44.04%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
46.32%
Asset Quality
Promoter Holding
66.50%
Pledged shares (%) of Promoter's holding (%)
11.64%
Reserves
₹262 Cr.
Equity
₹29.7 Cr.
Face Value
₹10
All Time Low / High
₹373.00 / 394.20

Mangalam Worldwide stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 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.

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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.

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How does Mangalam Worldwide Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Mangalam Worldwide Ltd vs industry peers?
Mangalam Worldwide Ltd revenue CAGR is 26.54%, compared to the industry median CAGR of 7.56%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Mangalam Worldwide Ltd?
Promoters hold 66.50% of the Mangalam Worldwide Ltd, with 11.64% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Mangalam Worldwide Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of 41.59% based on the current price.
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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 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'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ3.7%15.3%20%34.3%12.6%14.6%15%-
Value Creation
Index ⓘ		-0.70.10.41.5-0.10.00.1-

Growth Parameters ⓘ
Sales ⓘ34.63273025236448181,0611,208
Sales YoY Gr.-845.2%-7.7%73.2%23.2%26.9%29.7%-
Adj EPS ⓘ0.21.22.12.95.87.29.116.9
YoY Gr.-466.7%79%37.6%99.3%23.8%25.9%-
BVPS (₹) ⓘ8.61012.625.352.562.483.498.1
Adj Net
Profit ⓘ		0.31.52.75.314.318.82750
Cash Flow from Ops. ⓘ-5.2-14.75.61.6-60.9-11.5-86.7-
Debt/CF from Ops. ⓘ-0.5-1.32.929.7-1.4-8.8-2.2-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNA26.5%26.6%29.7%
Adj EPS ⓘNA50.2%45.9%25.9%
BVPSⓘNA52.9%48.9%33.6%
Share Price - - 43.2% 127%

Key Financial Parameters ⓘ

Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		2.915.522.918.116.412.512.918.6
Op. Profit
Mgn % ⓘ		0.10.71.50.22.94.65.17.4
Net Profit
Mgn % ⓘ		0.70.50.912.22.32.64.1
Debt to
Equity ⓘ		0.31.91.310.70.60.80.3
Working Cap
Days ⓘ		033563563104139112
Cash Conv.
Cycle ⓘ		011201738679035

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales353273025236448181,061
Operating Expenses ⓘ + 353252975336267811,007
Manufacturing Costs028627592111119
Material Costs34291223405507635837
Employee Cost 0134121829
Other Costs ⓘ 041049161722
Operating Profit ⓘ 024-10183754
Operating Profit Margin (%) 0.1%0.7%1.5%-2.0%2.9%4.6%5.1%
Other Income ⓘ + 01132245
Exceptional Items ⓘ 0000402
Interest ⓘ 012241524
Depreciation ⓘ 0001568
Profit Before Tax ⓘ 02419162029
Tax ⓘ 0116-100
Profit After Tax 01312172029
PAT Margin (%) 0.8%0.5%0.9%2.4%2.6%2.5%2.8%
Adjusted EPS (₹)0.31.42.66.96.87.79.9
Dividend Payout Ratio (%)6.20%1.10%0.20%0%14.70%12.90%2%

Valuation of Mangalam Worldwide - 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'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 9101345129162248
Share Capital ⓘ 00018252630
Reserves ⓘ 9101327104136218
Debt +31916478399187
Long Term Debt0000161814
Short Term Debt31916476781173
Minority Interest0000000
Trade Payables02916181248114
Others Liabilities ⓘ 00112249478
Total Liabilities ⓘ 125946123248403627

Fixed Assets

Net Fixed Assets ⓘ +00050788784
Gross Block00083111127130
Accumulated Depreciation00033334046
CWIP ⓘ 0000020
Investments ⓘ 66655736
Inventories033253565146282
Trade Receivables41210155299167
Cash Equivalents 0015526
Others Assets ⓘ 28412446052
Total Assets ⓘ 125946123248403627

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + -5-1562-61-12-87
PBT ⓘ 0248162029
Adjustment ⓘ -012332029
Changes in Working Capital ⓘ -5-171-10-81-51-145
Tax Paid ⓘ -0-1-101-00
Cash Flow From Investing Activity ⓘ + -4-00-42-38-19-7
Capex 0-0-0-51-36-11-4
Net Investments -40-0114-4-6
Others ⓘ 0-00-1-6-43
Cash Flow From Financing Activity ⓘ + 915-544982694
Net Proceeds from Shares ⓘ 70020652630
Net Proceeds from Borrowing ⓘ 0000174-3
Interest Paid ⓘ -0-1-2-2-3-15-22
Dividend Paid ⓘ -0-0-0-0-0-2-3
Others ⓘ 216-326201492
Net Cash Flow ⓘ 0014-1-40

Financial Ratio

PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)2.9415.4722.942.4319.1713.8214.35
ROCE (%)3.7115.2519.9634.3412.6214.5814.99
Asset Turnover Ratio2.989.285.766.23.482.512.06
PAT to CFO Conversion(x)N/A-1520.17-3.59-0.6-3
Working Capital Days
Receivable Days42.808.7012.808.7019.2033.8045.80
Inventory Days037.2035.5021.1028.2046.9073.50
Payable Days0.2018.4037.2015.501117.3035.30

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.009.329.689.687.997.998.108.104.0511.64
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Mangalam Worldwide Ltd FAQs

The current trading price of Mangalam Worldwide on 05-Jun-2026 16:59 is ₹377.3.

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 04-Jun-2026 the market cap of Mangalam Worldwide stood at ₹1,129.7 Cr

The latest P/E ratio of Mangalam Worldwide as of 04-Jun-2026 is 22.57.

The latest P/B ratio of Mangalam Worldwide as of 04-Jun-2026 is 3.88.

The 52-week high of Mangalam Worldwide is ₹394.2 and the 52-week low is ₹373.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mangalam Worldwide is ₹1,208 ( 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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